MIRA
INFORM REPORT
|
Report Date : |
14.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SERVICES
INTERNATIONAL |
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Registered Office : |
B – 9,
A – Block, Local Shopping Center, Narina Vihar, Ring Road, New Delhi – 110028 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1983 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS20953C |
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PAN No.: [Permanent
Account No.] |
AABFS1981P |
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Legal Form : |
Partnership
Concern with an unlimited liability of the partners |
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Line of Business : |
The
concern is engaged in the business of Organizing Exhibitions and Conferences
in India |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
15000 |
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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 well established concern having satisfactory track records. Trade relations are fair. Financial position is satisfactory. Payments are usually correct and as per
commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office /Factory : |
B – 9,
A – Block, Local Shopping Center, Narina Vihar, Ring Road, New Delhi –
110028, India |
|
Tel. No.: |
91-11-25770411
/ 25770212 / 25778875 / 45055569 |
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Fax No.: |
91-11-25778876 |
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E-Mail : |
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Website : |
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Area : |
5000
sq. ft. |
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Location : |
Owned |
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Head
Office/ Branch : |
106,
Nirma Plaza, Makwana Road, Behind S M Dyechem Building, Andheri Kurla Road,
Andheri [East], Mumbai – 400059, Maharashtra, India Tel.
No. : 91-22-28596084 / 28596086 Fax
No. : 91-22-28596085 E-mail
: servicesmumbai@servintonline.com 703,
Cauveri Block, National Game Housing Complex, Koramangala, Bangalore –
560047, Karnataka, India Tel.
No. : 91-80-25711716 / 30620122 Fax
No. : 91-80-25711136 11/11,
First Floor, Jeevarathnam Nagar, Adyar, Chennai – 600020, Tamilnadu, India Mobile
: 91-9382330333 8-2-674/3,
Raw House, A – 1 Ground Floor, Usha Arun Apartments, Road No. 13, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh, India NPS
Business Centre, 7A K. S. Roy Road, Kolkata – 700001, West Bengal, India Tel.
No. : 91-33-22483749 / 22488283 / 224848872 Fax
No. : 91-33-22430847 73/99,
Near Pal Chakki, Surya Nagar, RDSO, Lucknow – 226011 Tel.
No. 91-9335555556 |
PARTNERS
|
Name : |
Mr.
Jaydip Gurwara |
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Designation : |
Partner
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Date of Birth/Age : |
46
years |
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Qualification : |
B.E. |
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Experience : |
20
years |
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|
Name : |
Mr.
Sandeep Gurwara |
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Designation : |
Partner
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Date of Birth/Age : |
44
years |
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Qualification : |
M.B.A. |
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Experience : |
18
years |
KEY EXECUTIVES
|
Name
: |
Mr.
Sanjeev Bhatiani |
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Designation
: |
Manager
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Mobile
: |
91-9350230863 |
BUSINESS DETAILS
|
Line of Business : |
The
concern is engaged in the business of Organizing Exhibitions and Conferences
in India |
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Terms : |
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Selling : |
L/C,
DA and DP |
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Purchasing : |
L/C,
DA and DP |
GENERAL
INFORMATION
|
Customers : |
Nace
International All
India Printing Ink Manufacturing Association Indian
Paint Association Federation
of European Printing Association, U.K. Screen
Printers Association of India ICT
Communication Limited All
India Glass Manufacturing Federation DMG
Word Media, U.K. Institution
of Fire Engineers |
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No. of Employees : |
30 |
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Bankers : |
HDFC Bank
Limited Kasturba
Gandhi Marg, New Delhi – 110001 |
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Facilities : |
Rs.
1.000 million |
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Banking Relations : |
-- |
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Associates : |
Globe
Publications Private Limited -
International Subscription Agencies - Turnover
: Rs. 300.000 millions |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
3.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.
3.500 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
|
80.000 |
60.000 |
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Profit/Loss Before Tax |
|
12% |
12% |
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Profit/Loss After Tax |
|
7% |
7% |
Expected
Sales for March, 2007 is Rs. 95.000 millions and for March, 2008 is Rs. 120.000
millions
LOCAL AGENCY
FURTHER INFORMATION
The
concern is engaged in the management consultants in the fields of exhibitions
and conferences. The
concern
organized Wellness Asia 2006, Fire India 2006, Glass India 2006 and Bridal
Asia. The next exhibition Fire &
Disaster Management will be organized in Bangladesh.
WEBSITE
DETAILS
About us
The best
way to success globally is to give physical evidence of best of the product
range and Services & Exhibition is only the way to do it.
Services International
is a group of professional exhibition and conference organizers in India. They
are management consultants in the fields of exhibitions and conferences;
specialists rendering professional consultancy in trade fairs and exhibition
management. They take care of venue planning, financial control, documentation,
press assistance, staffing, registration, liaison, technical support and social
event related services.
The
success of exhibition lies on the success of its exhibitors. This is the reason;
they are identifying the right market, the right niche and the right
opportunity for everybody.
Services
International's prime objective is to provide high level standards to buyers
and sellers and setting unmatched and unique industry standards. They take
pride of holding maximum number of quality shows.
Services
International believes in the augmented products and delivering the same to
their clients. They are giving the best example of seven P’s of service
Industry.
History
|
Exhibition |
Association |
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Wellness Asia / AsiaSpa 2006 |
EMM and Services International |
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Chemspec India 2006 |
DMG World Media, Chemical Weekly & Services International |
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Fire India 2006 |
Institution of Fire Engineers (IFE) & Services International |
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Glass India 2006 |
All India Glass Mfr. Federation & Services International |
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Fespa India 2005 |
FESPA & Services International |
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Chemspec India 2005 |
Services International |
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India International Coatings Show 2005 |
Services International |
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Bridal Asia 2005 |
Services International |
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Bridal Asia 2004 |
Services International |
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Glass Processing & Glazing 2004 |
Services International |
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Ceramics & Ceramic Technologies 2004 |
Services International |
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Glass India 2004 |
Services International |
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Fire India 2004 |
Institution of Fire Engineers (IFE) & Services International |
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Bridal Asia 2003-Delhi |
Services International |
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Glass Processing & Glazing 2003 |
All India Glass Mfr. Federation & Services International |
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Ceramics & Ceramic Technologies 2003 |
Services International |
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Bridal Asia 2003 - Kolkata |
Services International |
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India International International Coatings Show 2003 |
Services International |
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Contact Centre India 2003 |
Offshore Customer Management System & Services International |
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Sunsilk Bridal Asia 2002 |
Services International |
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Chemspec Europe 2002 |
DMG World Media & Services International |
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Fire India 2002 |
Institution of Fire Engineers (IFE) |
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Bridal Asia 2001 – Delhi |
Services International |
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Metal Engineering 2001 |
DMG World Media |
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Glass India 2001 |
All India Glass Mfr. Federation & Services International |
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Corcon 2000 |
NACE International & Services International |
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Bridal Asia 2000 |
Services International |
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Bridal’99 |
Services International |
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Glass India’99 |
All India Glass Mfr. Federation & Services International |
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Migrating to Electronic Information Era |
International Federation of Information & Documentation The Hague Netherlands & Services International |
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India International National Coating Show'98 |
All India Printing Ink Mfr. Assoc. & Indian Paint Association & Services International |
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Fire India'97 |
Institution of Fire Engineers & Services International |
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India International Coating Show'97 |
All India Printing Ink Mfr. Assoc. & Indian Paint Association & Services International |
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Instrumentation'97 |
Sponsored by U.G.C and Dept. of Sc. & Tech. (Bangalore, India) |
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Education India'97 Next Millennium |
All India Assoc. of Edu. The Next Millennium Technology and Ins. of Rural Studies, Dev.& Services International |
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Glass Processing & Glazing India'96 |
All India Glass Mfr. Federation & Services International |
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Asia Pharmaceutical Show'96 |
Indian Pharmaceutical Association & Services International |
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Hathakargha '96 |
U. P. Governemnt & Services International |
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Glass India'95 |
All India Glass Mfr. Federation & Services International |
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Fire India'94 |
Institution of Fire Engineers & Services International |
Business News
India
to be the third fastest economy in the APAC region: Standard and Poor
New Delhi, Jan 18
Global
rating agency Standard and Poor's today said India is expected to be the third fastest
growth economy during the current year in the Asia-Pacific region.
As expected China will lead Asia-Pacific sovereigns in terms of economic growth
in 2007, followed closely by Kazakhstan and India, the rating agency said in a
report - 'The Best And The Rest: The Asia-Pacific Sovereign League'.
Although Japan remains the largest economy in the region, it could be overtaken
within a decade if Chinas phenomenal growth continues, it added.
S&P
credit analyst Yee Farn Phua of the Sovereign Ratings group said, it is
expected that growth dynamics in Asia Pacific will remain robust, with a
regional unweighted average growth rate of 5.3 per cent, compared to 5.6 per
cent in 2006.
This is still short of the 2000 record of 6.1 per cent, although that was an
exceptional year, in which many Asian economies recovered from the lows of the
Asian financial crisis, he said.
Notably, Asian governments account for half of the top-10 globally ranked
sovereigns with the highest contingent liabilities. This high concentration is
due to the region's high levels of bank intermediation coupled with vulnerable
asset quality, the report said.
In terms of external positions, around 60 per cent of countries in Asia Pacific
run current account surpluses, reflecting the export-oriented nature of most
economies in the region, it added.
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.16 |
|
UK
Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.57.56 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
|
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 |
|
MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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
|
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 |
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