MIRA
INFORM REPORT
|
Report Date : |
01.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
AGILENT
TECHNOLOGIES INDIA PRIVATE LIMITED |
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|
Registered Office : |
Chandiwala
Estate, Maa Anandmai Marg, Kalkaji, New Delhi 110019 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
26.07.1999 |
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Com. Reg. No.: |
55-100823 |
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CIN No.: [Company
Identification No.] |
U74140DL1999PTC100823 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA07755G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Importers,
Exporters and Suppliers of Life Sciences / Chemicals and Test &
Measurement Equipments. |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
950000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a part of multi national operations.
It is a well established company and wiped out past losses. Trade relations are fair. General financial position is
satisfactory. Payments are usually correct
and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
Chandiwala
Estate, Maa Anandmai Marg, Kalkaji, New Delhi 110019, India |
|
Tel. No.: |
91-11-41496666
/ 26826415 |
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Fax No.: |
91-11-26826415
/ 26826068 |
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E-Mail : |
cag_india@agilent.com |
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Website : |
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Location : |
Commercial
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Branches
: |
Fortune
Business Centre Sharda Plaza 52, Nandidurga Road, Bangalore 560001,
Karnataka, India Fax
No. : 91-80-1600112626 RMZ
Infinity, 8th Floor, Tower B, No. 3, Old Madras Road,
Benaganahalli Village, Krishnarajapuram, Hobli, Bangalore 560016,
Karnataka, India Tel.
No. : 91-80-40148700 Fax
No. : 91-80-41665120 Plot
No. 90 D, Udyog Vihar, Sector 18, Gurgaon 122015, Haryana, India Tel.
No. : 91-124-2822300 Fax
No. : 91-124-2822463 G01,
Prime Corporate Park, 230/231, Sahar Road, Opposite Blue Dart Centre, Sahar,
Andheri [East], Mumbai 400099, Maharashtra, India Tel.
No. : 91-22-30648200 to 30648202 Fax
No. : 91-22-30648250 Uma
Aishwarya House, First Floor, No. 8-2-502/1/AG, Road No. 7, Banjara Hills,
Hyderabad 500034, Andhra Pradesh, India Tel.
No. : 91-40-66560414 / 23358303 Fax
No. : 91-40-23358762 Embassy
Classic, 3rd Floor, No. 11, Vittal Mallya Road, Bangalore
560001, Karnataka, India Tel.
No. : 91-80-51188714 / 2127100 Fax
No. : 91-80-2126800 |
DIRECTORS
|
Name : |
Mr.
Ravi Kant Malhotra |
|
Designation : |
Director
|
|
Address : |
E
134, 1st Floor, Kalkaji, New Delhi 110019, India |
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Date of Birth/Age : |
08.09.1957 |
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Date of Appointment : |
23.09.2002 |
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Name : |
Mr.
Kewal Krishan Khanna |
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Designation : |
Managing
Director & President |
|
Address : |
1148,
Sector 14, Faridabad, Haryana 121007, India |
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Date of Birth/Age : |
20.10.1945 |
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Date of Appointment : |
14.09.1999 |
KEY EXECUTIVES
|
Name
: |
Mr.
Venkatesh Valluri |
|
Designation
: |
President
& Country General Manager |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
|
Agilent
Technologies Europe B.V. and Kewal Khanna |
1 |
0.00 |
|
Agilent
Technologies Europe B. V. |
435401 |
100.00 |
|
TOTAL |
435402 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers,
Exporters and Suppliers of Life Sciences / Chemicals and Test &
Measurement Equipments. |
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|
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|
Products : |
Instruments
& Systems Bioanalyser Automated
Lab-on-a-Chip Platform Offgel
Electrophresis RNA
Solutions DNA
Solutions Protein
Solutions Small
Molecule Solutions Gas
Chromatography Lab-on-a-Chip Mass
Spectrometry DNA
Microarrays ICP
MS Liquid
Chromatography UV
VIS Consumables
& Parts Columns General
Chromatography Instrument
Parts & Supplies Reagent Sample
Preparation Informatics
& Software Analytical
Work Stations Lab
Informatics Framework Chromatographic
Data Systems Laboratory
Information Management [LIMS] Life
Science Informatics Life
Phase Analysis LC and
LC / MS Columns 1200
Series LC Hardware HPLC
Column LC
Chemstation Software UV/Vis
Chemstation Software LC/MS
Chemstations Gas
Phase Analysis Mass
Spectrometry Proteomics Lab-on-achip Networked
Data Systems DNA
Microarrays |
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|
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Imports from : |
U.S.A.
and Europe [Life Sciences / Chemicals, Test & Measurement Equipments and
Software] |
GENERAL
INFORMATION
|
Suppliers : |
Instruments A. B.
Consortium Mr.
Alok Bhatnagar 203, E
9, Main Road, Kalkaji, New Delhi 110019, India Tel.
No. : 91-11-26434567 Fax
No. : 91-11-26434567 E-mail
: abcindia@bol.net.in Consumables and Accessories LC GC Super Market Mr. N.
Mani 12-5
149/10, 2nd Floor, Vijayauri, Tarnaka, Hyderabad , Andhra Pradesh 500017,
India Tel.
1600335242 Tel.
No. : 91-40-27007062 Fax
No. : 91-40-27014044 Email bioincorp@satyam.net.in |
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No. of Employees : |
2500 |
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Bankers : |
Not
Available |
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Facilities : |
Unsecured
Loans : Rs. 84.038 millions External
Commercial Borrowings from Agilent Technologies Coordination Center S.C./C.V. |
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Banking Relations : |
-- |
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Auditors : |
Price
Waterhouse Chartered
Accountants, P 1,
Aditya Vihar, Saidulajab, Opposite D Block, Saket, Mehrauli, Badarpur Road,
New Delhi 110030, India Contact
Person : Mr. H. Singh |
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Tel. No.: |
91-11-41250000 |
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Mobile No.: |
91-11-41250250 |
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Ultimate Holding Company : |
Agilent
Technologies INC |
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Holding Company : |
Agilent
Technologies Europe B.V. |
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Subsidiaries : |
Agilent
Technologies Coordination Center S.C. / C.V. Agilent
Technologies H.K. Limited Agilent
Technologies Singapore [Sales] Pte Limited Agilent
Technologies Microwave Products [Malaysia] Limited Agilent
Technologies International Private Limited Agilent
Technologies Manufacturing GmbH & Company KG |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
500000 |
Equity
Shares |
Rs. 10/- each |
Rs. 5.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
435402 |
Equity
Shares |
Rs. 10/- each |
Rs. 4.354 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.354 |
4.354 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
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|
3] Reserves & Surplus |
|
234.700 |
240.526 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
239.054 |
244.880 |
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|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
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2] Unsecured Loans |
|
84.039 |
173.923 |
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|
TOTAL BORROWING |
|
84.039 |
173.923 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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|
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|
|
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TOTAL |
|
323.093 |
418.803 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
39.620 |
47.884 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
10.200 |
15.500 |
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|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
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|
|
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Inventories |
|
229.829 |
199.158 |
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Sundry Debtors |
|
296.508 |
280.277 |
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Cash & Bank Balances |
|
96.083 |
190.542 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
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Loans & Advances |
|
38.889 |
43.078 |
|
Total Current Assets |
|
661.309 |
713.055 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
335.136 |
222.840 |
|
|
Provisions |
|
52.900 |
134.796 |
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Total Current Liabilities |
|
388.036 |
357.636 |
|
|
Net Current Assets |
|
273.273 |
355.419 |
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|
|
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|
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|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
323.093 |
418.803 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
1116.244 |
1150.338 |
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|
|
|
|
|
Profit/(Loss)
Before Tax |
|
37.374 |
139.384 |
|
Provision
for Taxation |
|
43.200 |
62.500 |
|
Profit/(Loss)
After Tax |
|
[5.826] |
76.884 |
|
|
|
|
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Export
Value |
|
308.143 |
434.463 |
|
|
|
|
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Import
Value |
|
523.982 |
449.839 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
[0.52] |
6.68 |
|
|
|
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|
Net
Profit Margin (PBT/Sales) |
(%) |
|
3.35 |
12.12 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
[0.82] |
9.90 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
[2.44] |
31.40 |
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|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
0.35 |
0.71 |
|
|
|
|
|
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|
Current
Ratio (Current
Asset/Current Liability) |
|
|
1.70 |
1.99 |
|
|
|
|
|
|
|
Quick
Ration |
|
|
1.11 |
1.44 |
|
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|
|
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|
Current
Liabilities / Net worth |
|
|
1.62 |
1.46 |
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|
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|
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|
Fixed
Asset / Net worth |
|
|
0.17 |
0.20 |
|
|
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|
|
|
|
Average
Collection Days |
|
|
96.95 |
88.93 |
|
|
|
|
|
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|
Account
Receivables Turnover |
|
|
3.76 |
4.10 |
|
|
|
|
|
|
|
Inventory
Turnover |
|
|
4.86 |
5.78 |
|
|
|
|
|
|
|
Asset
Turnover |
|
|
28.17 |
24.02 |
LOCAL AGENCY
FURTHER INFORMATION
Nil
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered against
subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Intl Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
companys management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.93 |
|
UK
Pound |
1 |
Rs.85.69 |
|
Euro |
1 |
Rs.57.32 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|