MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
BRAMAH
IMPEX |
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Registered Office : |
E-65
Second Floor, Greater Kailash Part – I, New Delhi 110 048 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
05.10.2002 |
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IEC No.: |
0502050951
Dated 11.11.2002 |
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PAN No.: [Permanent
Account No.] |
AAAPW5669H |
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Central Sales Tax No |
LC/070/1300272043/0404 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Costume
Jewellery and Fashion Accessories |
RATING & COMMENTS
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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
7500 |
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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.
Proprietor is reported as experienced and respectable businessman. His trade
relations are reported as fair. Business is active. Payments are usually
correct 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/Factory : |
E-65
Second Floor, Greater Kailash Part – I, New Delhi 110 048 |
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Tel. No.: |
91-11-41735232, 65735650 |
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Mobile No.: |
91-9811212381/9873191133 |
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Fax No.: |
91-11-41734655 |
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E-Mail : |
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Website : |
http://www.bramahimpex.com |
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Area : |
1500
Sq. ft |
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Location : |
Owned
(Residential) |
SOLE PROPRIETOR
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Name : |
Mrs.
Anu Nagpal W/o Mr. Varad Nagpal |
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Designation : |
Proprietor
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Address : |
E-65
Second Floor, Greater Kailash – I, New Delhi 110 048 |
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Date of Birth/Age : |
31
Years |
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Qualification : |
Graduate
& Diploma in Fashion / Jewellery Designing |
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Experience : |
8
Years |
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Mobile: |
91-98112
12381 |
KEY EXECUTIVES
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Name
: |
Mr.
Varad Nagpal |
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Designation
: |
Chief
Executive Officer |
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Mobile |
91-98112
12381, 98731 91133 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Costume
Jewellery and Fashion Accessories |
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Products : |
Costume Jewellery
Fashion Accessories
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Exports to : |
Europe
and USA |
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Terms : |
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Selling : |
On
100% TT or 50% TT and remaining on Irrevocable Letter of Credit at sight
basis |
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Purchasing : |
On CAD
& Credit: 15 to 30 days |
PRODUCTION
STATUS
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Particulars |
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Actual Production |
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25,000 Pieces per month |
GENERAL
INFORMATION
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Customers : |
Retailers
and End Users |
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No. of Employees : |
Around
20 (including contractual employees) |
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Bankers : |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
1.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
1.500 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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6.000 |
3.500 |
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Profit/(Loss)
Before Tax |
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0.285 |
0.158 |
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Provision
for Taxation |
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0.060 |
0.033 |
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Profit/(Loss)
After Tax |
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0.225 |
0.125 |
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Networth |
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1.500 |
1.275 |
KEY
RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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3.75 |
3.57 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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4.75 |
4.50 |
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Return
on Investment (ROI) (PBT/Networth) |
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15.00 |
9.80 |
LOCAL AGENCY
FURTHER INFORMATION
Business
The subject is a manufacturer and exporter of
Costume Jewellery and Fashion Accessories.
Ms. Anu Nagpal (Age: 31 Years), Proprietor, W/o Mr. Varad Nagpal, did
Graduation and Diploma in Fashion / Jewellery Designing and she is looking
after production activities. The
subject has claimed that they are having production unit in Delhi.
Mr. Varad Nagpal (Age: 34 Years), did MBA and he is
looking after exports and marketing activities. The subject is reportedly exports Costume Jewellery & Fashion
Accessories to Canada and Europe on the selling terms of 100% TT advance basis
or 50% advance and remaining on Irrevocable Letter of Credit basis. The Inquired Address is the subject’s
residential-cum-office address.
As
per Website Details
The fashion industry is a huge platform
which provides access to a wide range of fashionable goods. It not only
constitutes the textile and apparel industries, but also the accessories that
feature in a woman's wardrobe including headgear, jewelry and footwear. This
industry is a creative industry which involves continuous change,
innovativeness, and state-of-the-art technology.
According to a study commissioned by the
Fashion Design Council of India (FDCI) and conducted by management consultants
KPMG, designer wear in India has been identified as a key growth sector. The
study forecasts good tidings for the Indian fashion design industry and says it
is expected to grow to Rs 10000.000 Millions from the current Rs. 1800.000 Millions
within the next five to 10 years mainly because Indian companies are rushing to
invest big sums in the industry. Over the next 10 years it is also estimated
that the key players in the industry will witness a compounded annual growth rate of up to 40 per
cent.
Scope
The Indian fashion market has become more
pronounced and energized with global players. The fashion industry’s prospects
are extremely encouraging and provide attractive openings at various levels not
only to professionals but also to talented and skilled graduates.
The flexibility in the fashion industry has
opened up careers for professionals from many fields. Career in fashion does
not mean merely dealing in clothes but designing of accessories such as
jewellery, leather goods and other things. There are careers to be made in the
beauty business and modeling, closely related to the fashion industry.
Qualified fashion and accessory designers are in demand. Web and visual
communication design are other popular career options in this sector.
For those interested in
photography, there are opportunities to become a fashion photographer. In
fashion shows, one can be a choreographer. With so many opportunities, the
industry can take a lot of talented people. Think of a career in fashion designing
provided you have the interest and are willing to work hard.
Incorporated in 2002, Bramah Impex is a professionally acclaimed organisation that excels itself in the manufacturer and the export of the exquisitely designed fashion jewelry that includes charming necklaces, dazzling earrings, stunning pandents, trendy bracelets and beautiful bangles. Bramah Impex epitomises STYLE, BEAUTY AND VALUE for the money.
A Company of international repute or award winning designers, Bramah Impex is a proud member of EPCH
Profile
Established in the
year 2002, they “Bramah Impex” have carved a niche for their products in
national as well as international market in a short span of time. Today, with
consistent quality products, contemporary designs, prompt delivery and
competitive prices, they have lead their way to become most accomplished
manufacturer and the exporter of the exquisitely designed Costume Jewelry, Fashion Jewelry, Glass
Beaded Costume Jewelry that includes Charming Necklaces, Dazzling Earrings, Stunning
Pendants, Trendy Bracelets and Beautiful Bangles. Their on-time
delivery, reasonable pricing and high quality standards coupled with innovative
designs and excellent cutting and polishing has helped us to achieve maximum
degree of customer satisfaction resulting in worldwide customer base. Their
range of artificial and fashion jewelry appeal to a wide spectrum of women from
college going teenagers, housewives to busy corporate professionals. Their
range of jewelery covers both light everyday wear items to heavy pieces
designed for festivals and other occasions. They constantly upgrade their
technologies to remain abreast with the latest market designs and trends.
Products
All the products crafted by their world class designers are the results of meticulous
planning and a desire to give superlative quality products at most affordable
rates to the customers. Their range of products include:
- Glass Beaded
Costume Jewelry
- Glass Beaded
Necklace
- Brass Earrings
- Resin Bangles
- Long Necklace
- Stone Jewelry
- Designer
Necklace
- Wooden Bangles
- Bone Shell Horn
Necklace
- Beaded Jewelry
- Beaded Earrings
- Beaded Bracelets
- Beaded Necklace
- Fashion Earrings
- Fashion
Bracelets
- Beach Jewelry
- Brass Pendant
Necklace
Quality Policy
Their high quality and exquisitely designed Costume Jewelry, Fashion Jewelry, Glass Beaded Costume Jewelry that
includes Charming Necklaces, Dazzling Earrings, Stunning Pendants, Trendy
Bracelets and Beautiful Bangles has set-up benchmarks in the
international market. Quality is always the driving force for us and their
quality products have surpassed all the challenges emerging from competitive
markets. To give their customers true value of there money, they adopt several
quality control procedures which adhere to international quality standards.
Every single piece prepared in their manufacturing unit is subject under
stringent vigilance of their quality control inspector. Their quality control
inspector work with utmost sincerity and dedication to nurture quality at each
and every production stage.
Infrastructure
Their sophisticated infrastructure is backed by a strong state-of-the-art
technology, excellent manufacturing and processing facility, sound financial
backing and large resources that help us to perform their business operations
effectively and efficiently. They owe their success to a team of diligent,
dexterous and experienced craftsman, designers, technocrats and business
oriented professionals who work round the clock to develop impeccable quality
products as per the specific requirements of the customers.
Quality Assurance
Their high quality designer costume and fashion jewellery is made of high
quality beads in glass, stone, wood, metal, semiprecious stones, shell, bone,
plastic & in sterling silver. they also customize specific designs as per
the special need / requirement of the buyers. To ensure flawless quality, they
subject their products to multiple rounds of checks. Only when cleared by the
experts on every count, that the products are realeased for the market.
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.44.42 |
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UK
Pound |
1 |
Rs.85.79 |
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Euro |
1 |
Rs.57.80 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
NO |
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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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43 |
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 |
|
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 |
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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 |
|
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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