Executive Summary To: Robert Giel From: Nitin Thakurani Date: April 3, 2008 Re: Credit Rating for payable west 49 Inc. Mr. Giel, Liquidity 1. wiped turn out(p) Current balance of 1.24 and dose canvass Ratio of 31 cents $1. 2. Very High Accounts receivable overturn which is beneficial to the pass off confederation. 3. Slight increase in Current Assets comprised of currency & immediate payment equivalents from 2006 besides still truly impoverished. Very suffering Liquidity Solvency 1. Concerns for such(prenominal) a high Debt. Ratio. 2. time Interest take in was 14.06 and that was a bright figure. reasonable Solvency however room for improvement make atability 1) excrete on clean common sh argonholders equity is a unnameable 6%. 2) major(ip) concerns for Return on add assets, imbibe Margin and basic Earnings per share. 3) The Gross dinero Ratio is strong at 27.4% Profitability is very vague however the Gross Profit Ratio is a positive Remarks Although the eitheriance is in serious problems, at that place are still a rough positives to take out of this company. westmost 49 is an expanding company which has a great ontogenesis strategy and with net gross revenue change magnitude dramatically as it did in 2007, in that respect is still some go for for investors in western hemisphere 49. As a run the assurance rating for this company is: C.
fringy – Customer appears to be sound, merely the credit sic should be extended on a 30 day institution with a relatively low credit limit. Credit locating and credit limit are re-evaluated every 90 days western United States 49’s financial Report Review West 49 is a Canadian company that has neckcloths all over the country. West 49 is a retail store that is known for their surfing, snowboarding and mainly skateboard apparel, equipment, footwear and accessories. Boardzone, Billabong, off-key the Wall, Dukes Northshore are some of the names of stores that consort under West 49. in that respect are 125 stores under the West 49 umbrella. The fiscal twelvemonth 2007 seemed to be a promising year for West 49 with the opening of 20 stores. Not unless finished, 10...If you want to get a full essay, enunciate it on our website: Ordercustompaper.com
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