MIRA
INFORM REPORT
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Report Date : |
16.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
IISU ISRO INTERTIAL SYSTEMS UNIT – DIVISION OF ISRO |
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Registered Office : |
Airport
Road, Vimanpura P. O., Bangalore – 560 017, Karnataka |
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Country : |
India |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRI01432E |
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Legal Form : |
Part of
Department of Space, Government of India |
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Line of Business : |
Research Centre |
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 : |
-- |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Satish
Dhawan Space Centre, a unit of Indian Space Research Organisation is under
the control and management of Department of Space. It is an Independent Centre.
Due to the nature of its’ operations, no detail financial and other
information can be available from any sources. However,
as it is a wholly owned department of Government of India, it can be
considered good for any normal business dealings. |
LOCATIONS
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Registered Office / Personal & General
Administration : |
Airport
Road, Vimanpura P. O., Bangalore – 560 017, Karnataka, INDIA |
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Tel. No.: |
91-80-2508 4101 |
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Fax No.: |
91-80-2508 4102 |
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E-Mail : |
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Website : |
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Human
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Web
Administrator |
BUSINESS DETAILS
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Line of Business : |
Research Centre |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available from any sources.
LOCAL AGENCY
FURTHER INFORMATION
ISRO Satellite Centre (ISAC) is the lead centre for Satellite Building and Development of state of art Technologies. About 2500 personnel work in ISAC, majority of whom are highly qualified Engineers and Technicians. The Centre has a flexible matrix organization structure striving to ensure best possible use of expertise and resources. It is organized in to core functional R & D Groups and Project Groups supported by specialised fabrication and Testing facilities.
Five
functional areas (MSA,CMA,DCA,IPA,RCA), FACILITIES, two independent groups
(PPEG,CIG), Three Programme Management offices for spacecraft projects namely
GEOSAT, IRS&SMALL SATELLITES, ASTROSAT and an independent Division (SAID)
for space science research presently constitute the core of the Organisation.
The functional Areas and Projects report to Director of the Centre Dr. K.
N. Shankara. The functional groups are supported by the Administrative &
auxiliary Divisions headed by Controller.
The
Laboratory for Electro-Optic Systems (LEOS), working under the overall umbrella
of ISAC, carries out research and development in the field of electro optic
sensors and supplies systems required for satellites.
ISRO
Satellite Centre (ISAC), is the lead Centre for realization of the state of the
art spacecraft, in the application domain of Communication, Television, Remote
Sensing, Meteorology, Space Science, Interplanetary Explorations etc.
Over
the years, ISAC has executed several satellite projects representing broad
spectrum of satellite technologies. Beginning with the Scientific and
application experiments, these have culminated in to operational space systems.
This Centre has leap frogged in to new generation advanced versions of
satellites such as Microwave Remote Sensing, Direct Broadcasting Satellites,
Interplanetary probes etc.
ISAC
realised major programmes in the above areas and witnessed the successful
launch of INSAT-3A, INSAT-3E, GSAT–2, IRS-P6 and GSAT-3 in the year 2003.
Development efforts are underway in the arena of advanced remote sensing &
Communication, Space science explorations, Lunar Mission and other operational
services and spacecraft in these areas are planned to be realized in the coming
years.
The
Government of India set up the Space Commission & Department of Space (DOS)
in 1972 to promote the development & application of space technology &
space science for the socio-economic benefit of the nation. ISRO, with its
headquarters also in Bangalore has the following Centres/Units :
v
Vikram
Sarabhai Space Centre [VSSC], Thiruvananthapuram, specialising in Launch
Vehicle Technology
v
ISRO
Satellite Centre [ISAC], Bangalore, specialising in Satellite Technology
v
Space
Application Centre [SAC], Ahmedabad, specialising in Space Application
Technology
v
SHARE
Centre, Sriharikota (Andhra Pradesh) with facilities for supporting ISRO launch
missions
v
Liquid
Population Systems Centre [LPSC] with its facilities at Bangalore,
Thiruvananthapuram & Mahendragiri, specialising in the Development of
Liquid Propulsion Systems for Satellite & Launch Vehicles
v
Development
& Education Communication Unit [DECU], Ahmedabad conducting research in
Space Application Programmes and their Socio-Economic Evaluation
v
ISRO
Telemetry, Tracking & Command Network [ISTRAC] with its stations at
Bangalore, Lucknow, Sriharikota, Car Nicobar & Mauritius providing
telemetry tracking and command support to satellite and launch vehicle missions
v
ISRO
Inertial Systems Unit [IISU], Thiruvananthapuram, specialising in the
development of interical components & systems for satellites and launch
vehicles
v Master Control Facility [MCF] at
Hassan in Karnataka is responsible for the operations of INS
FACILITIES
As part of the spacecraft programmes ,ISAC has established extensive facilities specific to design, fabrication, assembly and functional/environmental testing of space segment hardware, at component, subsystem and system level to meet the stringent performance specifications of such hardware at intended quality and reliability levels.
Facilities
at ISAC provide for spacecraft system level design, assembly, integration &
testing as well as development of structure, thermal, mechanism, electronics,
Controls and electro-optical subsystems.
Association
with Industry
As a matter of policy , ISAC has been utilising the industrial infrastructure to a maximum extent. The structure fabrication for all the satellite projects have been provided by M/s Hindustan Aeronautics Limited. The electronic fabrication support like PCBs, electronic packages , microelectronic packaging and specialised ground equipment have been provided by M/s. Bharath Electronics Limited (BEL ), M/s Indian Telephone Industry ( ITI ) and M/s Hindustan Aeronautics Limited (HAL ), Hyderabad . Various Research Laboratories like National Aerospace Laboratory (NAL ), Indian Institute of Astrophysics ( IIAP ) and educational institutions like , Indian Institutes of Technology (IITs), Indian Universities and a number of other public sector and private sector industries have been participating in the space program by providing various services in specialised areas and technical consultancies . Indegenisation of space components / materials and promotional efforts to encourage private industries to under take development and production activities are continually pursued.
Technology Transfer.
As a part of the ISRO Technology Transfer Program , a number of technologies developed at ISAC have been transferred to both public and private sector industries for commercial exploitation. These include : Technologies for
v The Vertical Dynamic Balancing Machine
v The Spectroradiometer
v The Variable Angle of Incidence (VAI ) Spectrometer
v The Agrophotometer
v The Thin Film Coating Process
v The Optical Solar Reflectors (OSR )
v The Thermal Passive Cooler
v The QPSK modulator
v The Coilable Lattice Boom
The L&C Band Wide Beam Antenna have bagged the National Invention
Promotion Awards
Under the ISRO Technical Consultancy Services scheme, ISAC has been providing its expertise to Indian Industries and R&D institutions in a wide range of technological and engineering disciplines. A broad spectrum of the following consultancy services have been completed by ISAC.
v EMI testing of equipment.
v Vibration testing of complex systems for engineering & aerospace applications.
v Evaluation of high vacuum coating plant for production of optical and electronic components.
v Torsional pendulum systems to determine the shear modules of polymers .
v Testing of terrestrial solar panels.
v Development of Hygrophotometer for instantaneous measurement of water content in tea leaves processing.
v Finite Element Analysis of shock absorbers for automobile
Goals
There are some who question the relevance of space activities in a developing nation. To us, there is no ambiguity of purpose. They do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space-flight. But they are convinced that if they are to play a meaningful role nationally, and in the community of nations, they must be second to none in the application of advanced technologies to the real problems of man and society.
The
primary objective of ISAC is to develop and operationalise indigenous
satellites and use space technology for socio-economic development of the
country.
Satish Dhawan Space Centre, SHAR
- Main launch centre of ISRO, 100 km north of Chennai.
- Processes solid propellant motors and conducts ground tests.
- Launch ranges at Thumba also for sounding rockets.
- Achievements include establishment of launch complexes for Sounding
rockets, SLV- 3, ASLV and PSLV. Launch complex augmented for GSLV.
ISRO
Indian space programme driven by vision of Dr Vikram Sarabhai considered as the father of Indian Space Programme.
"There are some who question the relevance of space activities in a developing nation. To us, there is no ambiguity of purpose. Company does not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space-flight. But company is convinced that if company is to play a meaningful role nationally, and in the community of nations, company must be second to none in the application of advanced technologies to the real problems of man and society. "
- Government of India set up Space Commission and Department of Space (DOS) in June 1972. Indian Space Research Organisation (ISRO) under DOS executes Space programme through its establishments located in different places in India.
- Main objective of space programme includes development of satellites, launch vehicles, Sounding Rockets and associated ground systems.
- Crossed several major milestones.
- Experimental phase included Satellite Instructional Television Experiment (SITE), Satellite Telcommunication Experiment (STEP), remote sensing application projects, satellites like Aryabhata, Bhaskara, Rohini and APPLE and launch vehicles, SLV-3 and ASLV.
- Present operational space systems include Indian National Satellite (INSAT) for tele-communication, television broadcasting, meteorology and disaster warning and Indian Remote Sensing Satellite (IRS) for resources monitoring and management.
- Polar Satellite Launch Vehicle (PSLV) used for launching IRS Satellites and Geosynchronous Satellite Launch Vehicle (GSLV), intended for launching INSAT class of satellites.
- Space Science activities include SROSS and IRS-P3 satellites, participation in international science campaigns and ground systems like MST Radar.
- ISRO's co-operative arrangements cover several countries and space agencies.
- ISRO provides training in space field to personnel from other countries.
- ISRO's hardware and services available commercially through Antrix Corporation.
Email : info@isro.org
OR
Director - Publications & Public Relations
Antariksh Bhavan
New BEL Road, Bangalore 560 094, INDIA
Phone: +91- 80-341 5275 & 341 5474
Fax: +91-80-341 2253
Programmes
Indian National Satellite System (INSAT)
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Established
in 1983 with commissioning of INSAT-1B.
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A
joint venture of Department of Space (DOS), Department of Telecommunications, India
Meteorological Department, All India Radio and Doordarshan. DOS responsible for
establishment and operation of INSAT space segment.
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INSAT
space segment at present consists of INSAT-1D, last of the INSAT-1 series
launched in 1990 and three ISRO-built satellites, INSAT-2A
launched in July 1992, INSAT-2B launched in July 1993 and INSAT-2C
launched on December 7, 1995.
- INSAT-2DT acquired from ARABSAT.
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INSAT-2E
launched on April 3,1999.
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ISRO
has leased eleven 36 MHz equivalent units of C-band capacity on board INSAT-2E
to INTELSAT organisation
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INSAT-3B
launched on March 22nd 2000.
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INSAT-3C
launched on January 24th 2002.
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INSAT-3A
launched on April 10th 2003.
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INSAT-3E
launched on September 28th 2003.
Indian Remote Sensing Satellite (IRS) System
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Commissioned
with the launch of IRS-1A in March 1988
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IRS system
under National Natural Resources Management System (NNRMS) coordinated at
national level by the Planning Committee of NNRMS (PC-NNRMS).
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At
present has four satellites, IRS-1B launched in August 1991, IRS-1C launched in
December 1995 and IRS-1D launched on September 29,1997.
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IRS-P3
and IRS-1D launched by India's Polar Satellite Launch Vehicle (PSLV).
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OCEANSAT-1
with an Ocean Colour Monitor (OCM) and a Multi-frequency Scanning Microwave
Radiometer (MSMR) launched by PSLV-C2.
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RESOURCESAT-1
for agricultural applications launched by PSLV-C5.
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CARTOSAT-1
with a Very High Resolution Panchromatic camera for cartographic applications
launched by PSLV-C6
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Data
from IRS satellites received and processed by the National Remote
Sensing Agency, Hyderabad.
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SI a
US Company also receives and markets IRS data worldwide under a commercial
contract with Antrix
Corporation of the Department of Space.
Stretched Rohini Satellite Series (SROSS)
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113 kg
SROSS-C2 satellite, launched by ASLV-D4 on May 4, 1994 carries two scientific
payloads, a Gamma-Ray Burst (GRB) experiment and a Retarding Potential Analyser
(RPA). A similar satellite, SROSS-C had been launched by ASLV-D3 in May 1992.
SROSS-C2 is in service.
Polar Satellite Launch Vehicle (PSLV)
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Developmental
flights completed with successful third developmental launch in March
1996.
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Now
available for launching 1,000-1,200 kg class of remote sensing satellites into
polar sun-synchronous orbit. IRS-1D launched on September 29,1997.
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IRS-P4(OCEANSAT)
and two small satellites (KITSAT of Korea and TUBSAT of Germany) launched on on
May 26,1999 by PSLV-C2.
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PSLV-C3
launched three satellites -- Technology Experiment Satellite (TES) of ISRO, BIRD
of Germany and PROBA of Belgium - into their intended orbits on October 22,
2001.
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ISRO's
Polar Satellite Launch Vehicle, PSLV-C4 launched KALPANA-1 satellite on
September 12, 2002.
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ISRO's
Polar Satellite Launch Vehicle, PSLV-C5 launched RESOURCESAT-1
(IRS-P6) satellite on October 17, 2003.
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ISRO's
Polar Satellite Launch Vehicle, PSLV-C6 launched CARTOSAT-1
and HAMSAT
satellites on May 5, 2005.
Geosynchronous Satellite Launch Vehicle (GSLV)
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For
launching 2,000 kg class of communication satellites into geosynchronous
transfer orbit.
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A
three stage vehicle; first stage is a 129 tonne solid propellant core motor
with four liquid propellant strap-ons with 40 tonne propellant each, second
stage is a liquid propulsion system with 37.5 tonne propellant and a cryogenic
upper stage with 12 tonne of liquid oxygen and liquid hydrogen.
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First
developmental flight GSLV-D1 completed with successful launch on
April 18, 2001.
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Second
developmental flight GSLV-D2 launched GSAT-2 satellite on May 8, 2003.
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First
operational flight of GSLV (GSLV-F01) and the third in the GSLV
series launched EDUSAT satellite on September 20, 2004.
Milestones
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2005 |
Successful launch
of INSAT-4A by Ariane from Kourou French Guyana, (December 22, 2005). ISRO's Polar Satellite Launch Vehicle, PSLV-C6, successfully launched CARTOSAT-1 and HAMSAT satellites from Sriharikota(May 5, 2005). |
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2004 |
The first operational flight of GSLV (GSLV-F01) successfully launched EDUSAT from SDSC SHAR, Sriharikota (September 20, 2004) |
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2003 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C5, successfully launched RESOURCESAT-1
(IRS-P6) satellite from Sriharikota(October 17, 2003). Successful launch of INSAT-3E by Ariane from Kourou French Guyana,
(September 28, 2003). The Second developmental launch of GSLV-D2 with GSAT-2 on board from
Sriharikota (May 8, 2003). Successful launch of INSAT-3A by Ariane from Kourou French Guyana, (April 10, 2003). |
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2002 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C4, successfully launched KALPANA-1 satellite
from Sriharikota(September 12, 2002). Successful launch of INSAT-3C by Ariane from Kourou French Guyana, (January 24, 2002). |
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2001 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C3, successfully launched three satellites --
Technology Experiment Satellite (TES) of ISRO, BIRD of Germany and PROBA of
Belgium - into their intended orbits (October 22, 2001). The first developmental launch of GSLV-D1 with GSAT-1 on board from Sriharikota (April 18, 2001) |
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2000 |
INSAT-3B, the first satellite in the third generation INSAT-3 series,
launched by Ariane from Kourou French Guyana, |
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1999 |
Indian Remote
Sensing Satellite, IRS-P4 (OCEANSAT), launched by Polar Satellite Launch
Vehicle (PSLV-C2) along with Korean KITSAT-3 and German DLR-TUBSAT from
Sriharikota INSAT-2E, the last satellite in the multipurpose INSAT-2 series, launched by Ariane from Kourou French Guyana, (April 3, 1999). |
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1998 |
INSAT system capacity augmented with the readiness of INSAT-2DT acquired from ARABSAT (January 1998). |
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1997 |
INSAT-2D,
fourth satellite in the INSAT series, launched (June 4, 1997). Becomes
inoperable on October 4, 1997. First operational launch of PSLV with IRS-1D on board |
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1996 |
Third developmental launch of PSLV with IRS-P3 on board (March 21, 1996). Satellite placed in polar sunsynchronous orbit. |
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1995 |
Launch of
third operational Indian Remote Sensing Satellite, IRS-1C (December 28,
1995). INSAT-2C, the third satellite in the INSAT-2 series, launched (December 7, 1995). |
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1994 |
Second
developmental launch of PSLV with IRS-P2 on board (October
15, 1994). Satellite successfully placed in polar sunsynchronous orbit.
Fourth developmental launch of ASLV with SROSS-C2 on board (May 4, 1994). Satellite placed in orbit. |
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1993 |
First
developmental launch of PSLV with IRS-1E on board (September 20,
1993). Satellite could not be placed in orbit. INSAT-2B, the second satellite in the INSAT-2 series, launched (July 23, 1993). |
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1992 |
INSAT-2A,
the first satellite of the
indigenously-built second-generation INSAT series, launched (July 10,
1992). Third developmental launch of ASLV with SROSS-C on board (May 20, 1992). Satellite placed in orbit. |
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1991 |
Second operational Remote Sensing satellite, IRS-1B, launched (August 29, 1991). |
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1990 |
INSAT-1D launched (June 12, 1990). |
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1988 |
INSAT-1C launched
(July 21, 1988). Abandoned in November 1989. Second developmental launch of ASLV with SROSS-2 on
board (July 13, 1988). Satellite could not be placed in orbit. Launch of first operational Indian Remote Sensing Satellite, IRS-1A (March 17, 1988). |
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1987 |
First developmental launch of ASLV with SROSS-1 satellite on board (March 24, 1987). Satellite could not be placed in orbit. |
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1984 |
Indo-Soviet manned space mission (April 1984). |
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1983 |
INSAT-1B,
launched (August 30, 1983). Second developmental launch of SLV-3. RS-D2 placed in orbit (April 17, 1983). |
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1982 |
INSAT-1A launched (April 10, 1982). |
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1981 |
Bhaskara-II
launched (November 20, 1981). APPLE, an experimental geo-stationary communication
satellite successfully launched (June 19, 1981). RS-D1 placed in orbit (May 31, 1981) First developmental launch of SLV-3. |
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1980 |
Second Experimental launch of SLV-3, Rohini satellite successfully placed in orbit. (July 18, 1980). |
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1979 |
First
Experimental launch of SLV-3 with Rohini Technology Payload on
board (August 10, 1979). Satellite could not be placed in orbit. Bhaskara-I, an experimental satellite for earth observations, launched (June 7, 1979). |
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1977 |
Satellite Telecommunication Experiments Project (STEP) carried out. |
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1975-1976 |
Satellite Instructional Television Experiment (SITE) conducted. |
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1975 |
ISRO First Indian Satellite, Aryabhata, launched (April 19, 1975). Becomes Government Organisation (April 1, 1975). |
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1972-1976 |
Air-borne remote sensing experiments. |
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1972 |
Space Commission and Department of Space set up |
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1969 |
Indian Space Research Organisation (ISRO) formed under Department of Atomic Energy (August 15, 1969). |
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1968 |
TERLS dedicated to the United Nations (February 2, 1968). |
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1967 |
Satellite Telecommunication Earth Station set up at Ahmedabad. |
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1965 |
Space Science & Technology Centre (SSTC) established in Thumba. |
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1963 |
First sounding rocket launched from TERLS |
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1962 |
Indian National Committee for Space Research (INCOSPAR) formed by the Department of Atomic Energy and work on establishing Thumba Equatorial Rocket Launching Station (TERLS) started. |
As pr Web site:
ISRO Inertial Systems Unit (IISU)
- Carries out development of inertial sensors and systems for satellites and launch vehicles covering navigation systems, satellite inertial systems, bearing and space tribology and inertial systems integration and simulation.
- Facilities include precision fabrication, assembly, integration and testing.
- Achivements include development of inertial systems for ISRO launch vehicles and satellites, solar array drive assemblies, scanning mechanisms, etc.
- Currently engaged in development of Inertal Navigation System for PSLV, GSLV, INSAT and IRS satellites.
Press Release:
April 12, 2007
ISRO, along with Astronautical Society of India (ASI), will select 50 Indian students who will be sponsored as Student Delegates to the International Astronautical Congress (IAC-2007), which is being hosted by ASI and ISRO at Hyderabad, during September 23-28, 2007. The congress is organised by the International Asronautical Federation in cooperation with the International Academy of Astronautics and International Institute of Space Law. It is a prestigious International Space Event attended by about 2000 delegates from Space Agencies, industries, academia and international organisations.
Students studying in 11th and 12th Standard/Pre-University,
under-graduate students who have already completed their first year in Science,
Engineering or Law Courses and post graduate students of science, engineering
and law will be eligible for selection.
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.41.64 |
|
UK Pound |
1 |
Rs.83.11 |
|
Euro |
1 |
Rs.56.46 |
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 |
|