MIRA
INFORM REPORT
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Report Date : |
2.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
THE JOHAR’S GROUP |
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Registered Office : |
3rd Floor, Noor Trade Center,Market Road, Ernakulam, Cochin
– 682011, Kerala |
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Country : |
INDIA |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1948 |
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Legal Form : |
Subject is a Partnership Concern with an Unlimited Liability of the
Partners. |
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Line of Business : |
Manufacturer, Trader, Distributor, Exporter of Mobile Devices &
Communications, Fast Moving Consumer Goods, Food & Dairy Products,
Seafoods, Medical Products, Luxury Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory track.
Partners are reported as experienced and respectable businessmen. Trade
relation are reported as fair. Business is active. Payments are usually
corrects and as per commitments. The concern can be considered normal for
business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
3rd Floor, Noor Trade Center,Market Road, Ernakulam, Cochin
– 682011, Kerala |
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Tel. No.: |
91-484-2380502 |
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Mobile No.: |
91-9895055066 |
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Fax No.: |
91-484-2382366 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft |
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Location : |
Owned |
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Branch 1 : |
No.679,5th A – Main Road HAL, 3rd Street,
Bangalore – 560075 |
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Tel. No.: |
91-80-25281648 |
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Fax No.: |
91-80-25281646 |
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E-Mail : |
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Area : |
4500 Sq. ft. |
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Location : |
Owned |
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Branch 2: |
Address is not knowns sir in Tamilnadu |
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Tel No. : |
91-422-2395473 |
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Fax No. : |
91-422-2397038 |
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Email : |
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Overseas Office
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70, Peterborough Road, Fulham, London SW6 3 EB |
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Tel No. : |
+91-44-7782390935 |
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Email : |
Europe@joharsgroup.com |
PARTNERS
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Name : |
Mr. Rahul Johar |
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Designation : |
Partner |
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Address : |
Door No. 46/105,” Lavanya” T.K.C. Road, Vaduthala, Cochin – 682 023 |
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Date of Birth/Age : |
27 Years |
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Qualification : |
M.S.C. |
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Experience : |
7 Years |
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Name : |
Mr. Madhukar Johar |
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Designation : |
Partner |
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Address : |
Door No. 46/105,” Lavanya” T.K.C. Road, Vaduthala, Cochin – 682 023 |
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Date of Birth/Age : |
29 Years |
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Qualification : |
M. B. A. |
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Experience : |
9 Years |
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Name : |
Mr. Pravish Johar |
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Designation : |
Partner |
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Address : |
Door No. 46/105,” Lavanya” T.K.C. Road, Vaduthala, Cochin – 682 023 |
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Date of Birth/Age : |
58 Years |
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Qualification : |
M. B. A. |
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Experience : |
25 Years |
KEY EXECUTIVES
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Name : |
Mr. Vasudevan |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader, Distributor, Exporter of Mobile Devices &
Communications, Fast Moving Consumer Goods, Food & Dairy Products,
Seafoods, Medical Products and Luxury Products. |
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Products : |
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Exports : |
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Products : |
Sea Foods |
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Countries : |
Belgium, Europe |
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Trade Reference : |
M/s pittman Sea Foods Noondizerment, Belgium |
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Terms : |
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Selling : |
L/C, Cash, Credit 30 Days |
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Purchasing : |
L/C, Cash, Credit 30 Days |
PRODUCTION STATUS
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Particulars |
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Buscuits & Medical Products Like, Tiger Buscuits, Horlicks & Crocin
Medical Products – in and around Cochin Districts. |
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GENERAL
INFORMATION
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Customers : |
Wholesaler |
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No. of Employees : |
57 |
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Bankers : |
Corporation Bank Cloth Bazar Road, Ernakulam - 682011 |
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Facilities : |
Over Draft – Amount not mentioned |
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Punjab National Bank Market Road, Ernakulam - 682011 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s Peebi & Company Mr. Balasubramanian Chartered Accountant |
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Address : |
29, Main Colony, Ram Nagar, Coimbatore – 641009 |
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Tel. No.: |
91-2234744 (Office) |
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Tel No. : |
91-2231192 (Resi ) |
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Associates : |
1. K.L. Johar & Company |
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Address |
Market Road, Ernakulam – 682011 |
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Line of Business : |
Britannia Biscuits – Distributor |
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2. D.C. Johar & Sons
Private Limited |
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Address : |
No. 27, Delite Theatre Building, Coimbatore - |
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3. Universal Health Care Products
Private Limited |
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Address : |
Kolar, Karnataka |
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Line of Business |
Packing of Kissan Jam Products – Collecting the Jam Materials from the
M/s Hindustan Lever Limited – Packing the Kissan Jam Products |
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4. Johar’s Private Limited |
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Address: |
Market Road, Ernakulam – 682011 |
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Line of Business : |
Selling of Nokia Hand Sets |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.25.000 Millions (Estimated ) |
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Borrowed : |
--- |
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Total : |
Rs.25.000 Millions (Estimated ) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
450.000 |
360.000 |
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LOCAL AGENCY
FURTHER INFORMATION
Trade Referenced :
- Ernakulam
Main retailers & also Covering other area like always, Trichur.
Retailers.
Observation Points
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1. Name Board : Highly Sighted
2. Land Mark : Near to the Meghala Bus Stop
3. Office Location : Located in the Business area in the 3rd
floor of Noor Trade Centre.
4. Office
Appearance : Neatly well furnished and
decorated sir.
5. No of
Empoloyees Seen at the Business Premises
: 12 Persons.
Primmary
Activities Of the Company :
C & F
Distribution, International Trade, Manufacturing, Entertainment, Retail,
Trasportation, Marketing &
Sales, Research & Consulting.
Company Profile :
Johar's
group of companies was established in 1948 and has been providing admirable
services to its varied clientele in a number of fields over the past 57 years.
Concern has been successful in achieving this through constant dedication
and personal attention being given by the top management to each and every
client / partner concern engages with. It’s aim is to build a long-term
relationship, by meeting their common goals and objectives in various fields
which has always resulted in the delivery of top class services. The
Group is currently involved in a number of fields such as Financing,
Outsourcing and Sub-contracting services with their principals and have an
active and established presence in the below fields. It’s clientele
particularly value the personal long-term relation we develop owing to our
passion and dedication to every task concern engage ourselves in.
The
Group's business interests are managed by a close-knit professional team with
extensive corporate experience from around the globe. It draws on its knowledge
base and talent from those who have gained over 10 years of industry training
and experience in the United States
of America and Europe; this
is in addition to over 50 years of experience in the Asian market. It’s Edge
is, working in collaboration with our Principals
and Clientele in improving
their long term business and current financial bottom-line. In
particular, we focus our efforts in the area of Business Development in India; and are in the process of
expanding our operations within Europe.
The
group has been involved in manufacturing since 1991 in various capacities.
Based out of South India, the group has engaged in manufacturing activities on
behalf of multinational and national third-party companies, as well as
under its own brand name. It’s product expertise lies in the manufacturing of
chemicals, toothpaste, ketchup, concentrated juices and even detergents.
Concern has developed it’s manufacturing capabilities over the years to provide
their customers with Lean manufacturing, agility in the supply chain and
greater flexibility to meet dynamic market conditions. Concern has the set-up
and if you have an identified market need and product knowledge, Concern would
be happy to hear form you.
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 records 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 Int’l
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 company’s 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.36 |
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Euro |
1 |
Rs.57.64 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
9 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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57 |
This score serves as a reference to assess SC’s 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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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