MIRA INFORM REPORT
|
Report Date : |
12.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
SABOO COMPUTERS PRIVATE
LIMITED |
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|
|
|
Registered Office : |
6, Ganesh Chandra Avenue,
Mezzanine Floor, Kolkata – 700 013, West Bengal |
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Country : |
India |
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|
Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
27.10.1993 |
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Com. Reg. No.: |
21-60612 |
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CIN No.: [Company Identification No.] |
U3009WB1993PTC060612 |
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|
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TAN No.: (Tax Deduction &
Collection Account No.) |
CALS08261B |
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Legal Form : |
Private
limited liability company |
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|
|
Line of Business : |
Wholesaler and retailer outlet dealing in computer
hardware, peripherals, media, consumables and assembled systems of all the
reputed companies |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30000 |
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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 marketer of computer peripherals of well-known
brand. Trade relations are fair. Payments are usually correct and as per
commitments. The company is doing steady business. The
company can considered good for any normal business dealings at usual trade
terms and conditions. It
can be regarded as a promising business partner in a medium to long-run. |
LOCATIONS
|
Registered Office /
Warehouse : |
6, Ganesh
Chandra Avenue, Mezzanine Floor, Kolkata – 700 013, West Bengal, India. |
|
Tel. No.: |
91-33-22365175/22365173/22256378 |
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Fax No.: |
91-9830074091/9 |
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E-Mail : |
91-33-22365175/22367418 |
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Website : |
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Area : |
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Location : |
Leased - 1600 sq. ft |
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Corporate Office : |
Showroom 1 : 6, Ganesh Chandra Avenue, Phone : 91-33-22365173(Hunting) Fax : 91-33-22365175 Email : saboo@cal2.vsnl.net.in Showroom 2 : 7, Ganesh Chandra Avenue, Phone : 91-33-22365173(Hunting) Fax : 91-33-22365175 Email : saboo@cal2.vsnl.net.in Area : 4000 sq. ft. - Leased Showroom 3 : 204/2, Jessore Road, Nagerbazar, Phone : 91-33-55252629 Fax : 91-33-22365175 Email : saboo@cal2.vsnl.net.in ServiceCenter : 40, Weston Street, Phone :91-33-22365173(Hunting) Fax : 91-33-22365175 Email : saboo@cal2.vsnl.net.in |
DIRECTORS
|
Name : |
Mr.
Rajesh Saboo |
|
Designation : |
Director |
|
Address : |
21,
Bullygunge Park Road, Kolkata – 7000029 |
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Date of Birth/Age : |
17-2-1964 |
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Qualification : |
M.
Com |
|
Experience : |
20
years |
|
|
|
|
Name : |
Mrs.
Sunita Saboo |
|
Designation : |
Director |
|
Address : |
21,
Bullygunge Park Road, Kolkata – 7000029 |
|
Date of Birth/Age : |
15-1-1968 |
|
Qualification : |
B.
Sc. |
|
Experience : |
10
years |
|
|
|
|
Name : |
Mr.
Murlidhar Saboo |
|
Designation : |
Director |
|
Address : |
86,
Maharshi Debendra Road, Kolkata – 700089 |
|
Date of Birth/Age : |
17-12-1943 |
|
Qualification : |
H.
S. |
|
Experience : |
38
years |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Rajesh Saboo |
50 |
|
Sunita Saboo |
25 |
|
Murlidhar Gupta |
25 |
BUSINESS DETAILS
|
Line of Business : |
Wholesaler and retailer outlet dealing in computer
hardware, peripherals, media, consumables and assembled systems of all the reputed
companies |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit ( 30 days) |
|
|
|
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Purchasing : |
Cash
and Credit (60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers,
Retailer and Others v
American Express Bank v
Amrit Exports Limited v
Army Camp – Ballygunge
(Ministry of Defence) v
Assembly of God Church
Hospital & Research Centre v
Bengal Chemicals &
Pharmaceuticals Limited v
Birla Global Asset
Finance Limited v
George Telegraph
Training Institute Indian Textile Mills v
Jupiter
Pharmaceuticals Limited v
National Small
Industries Corporation Limited v
Nipun Nirman Private
Limited v
Ordanance Depot –
Alipore (Ministry of Defence) v
Parekhs Cyber World v
Regional Training
Institute – Ichapur (Ministry of Defence) v
Shyamaprasad College v
Steel Authority of
India Limited v
The Bank of Rajasthan v
The New India
Assurance Company Limited v
West Bengal Dairy
& Poultry Development Corporation v
Woodland Hospital
& Medical Research Centre Limited |
|
|
|
|
No. of Employees : |
Total
79 persons : 26 persons in office and 20 persons in factory and 30 in branch. |
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|
|
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Bankers : |
v
Bank of Rajasthan
Limited Ganesh
Chandra Avenue Branch, Kolkata – 700 013, West Bengal |
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|
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Facilities : |
Cash
Credit Limit : - Rs. 2.000 millions |
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|
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Banking Relations : |
Satisfactory |
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Auditors : |
R. K. Patodi and Company Chartered Accountants 2, Church Lane, 4th
Floor, Room No. 404-A, Kolkata –700001, West Bengal Tel. No.
91-33-22201160/22430913 Fax.
No. 91-33-22430914 Email
: spatodi@vsnl.net |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
280300 |
Equity Shares |
Rs.10/- each |
Rs.2.803 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.353 |
|
|
3] Reserves & Surplus |
|
|
5.265 |
|
NETWORTH
|
|
|
7.618 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
11.016 |
|
TOTAL
BORROWING
|
|
|
11.016 |
|
|
DEFERRED TAX LIABILITIES |
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|
|
|
|
|
|
|
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TOTAL
|
|
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18.634 |
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|
|
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APPLICATION OF FUNDS
|
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|
|
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|
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FIXED ASSETS [Net Block]
|
|
|
1.623 |
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Capital work-in-progress
|
|
|
0.000 |
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|
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INVESTMENT
|
|
|
0.000 |
|
DEFERREX TAX ASSETS
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
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Inventories
|
|
|
0.199
|
|
|
Sundry Debtors
|
|
|
0.800
|
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Cash & Bank Balances
|
|
|
16.000
|
|
|
Other Current Assets
|
|
|
0.000
|
|
|
Loans & Advances
|
|
|
0.000
|
Total Current Assets
|
|
|
16.999
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
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Current Liabilities
|
|
|
0.000
|
|
|
Provisions
|
|
|
0.000
|
Total Current Liabilities
|
|
|
0.000
|
|
Net Current
Assets
|
|
|
16.999
|
|
|
|
|
|
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MISCELLANEOUS EXPENSES
|
|
|
0.012 |
|
|
|
|
|
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TOTAL
|
|
|
18.634 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
|
31.03.2005 |
Sales Turnover [including other income]
|
|
|
4.861 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
|
|
1.759 |
Provision for Taxation
|
|
|
0.601 |
Profit/(Loss) After Tax
|
|
|
1.158 |
|
|
|
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|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2005 |
PAT / Total Income
|
(%)
|
|
|
23.822 |
|
|
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|
Net Profit Margin
(PBT/Sales) |
(%) |
|
|
36.260 |
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|
Return on Total Assets
(PBT/Total Assets} |
(%) |
|
|
9.445 |
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|
|
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|
Return on Investment (ROI)
(PBT/Networth) |
|
|
|
0.231 |
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|
|
|
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|
Debt Equity Ratio
(Total Liability/Networth) |
|
|
|
1.446 |
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|
|
|
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|
Current Ratio
(Current Asset/Current
Liability) |
|
|
|
0.000 |
LOCAL AGENCY FURTHER INFORMATION
The company is also offering
IT enabled Accounting Services.
.
Subject is authorised
distributors and dealers of :
v
Intel
v
LG
v
Epson
v
Sony
v
Seagate
v
Asus
v
Creative
v
BenQ
v
i-Omega
v
HP
v
Microtek
v
Wipro
v
Frontech
v
Cyrix
v
Umax
v
D-Link
v
Typhoon
v
Acer
v
Samsung
v
TVSE
v
Mercury
v
Microsoft
v
Gigabyte
v
Kodak
v
APC
v
Canon
AS PER WEBSITE
They have launched this website of the company.
While a great care has been taken in developing their website, it has been
primarily focused on the basic motto “Complete Customer Satisfaction”. The aim behind
the creation of this site is to enhance the support functions to the customers.
Through this, customers are informed about the rates of various products, and
can obtain an instant quotation of all the products of their choice
About company :
Established
in 1993, Saboo Computers Private Limited is centrally located at 6, Ganesh
Chandra Avenue, Kolkata – 700 013. The showroom is a spacious one measuring
about 2800 Sq.ft. It has been specially planned and designed so as to provide
comfort to the customers during their visit to the showroom. The company has
always been focused on “Complete Customer Satisfaction”. Having mastered the
discipline of this trade, every care is taken towards the extreme satisfaction
of the customers, so that they receive much more than the value of money
invested with them. To support the sales division, the component engineers of
the workshop provide excellent post sales service to the customers.
Credentials :
Besides being faithful to the
valued customers, the company has always been considered loyal to the
manufacturers and distributors of leading brands of hardware components. The
loyalty has been rewarded suitably, and the present status of the company in
the computer hardware market arena is as under :
* Genuine Intel Dealer (GID) of Intel e-business Network.
* Sub-Distributor appointed by HP India Limited
* Certified Microsoft OEM System Builder Program Member.
* Star Elite Dealer of Samsung Electronics India Information & Technology.
* Distributor of Microtek International Limited
* Seagate Storage Partner.
* Depth Partner of American Power Conversion.
* Cyrix VIA Valued Partner.
* Awarded Gold Club Certificate from Wipro.
* Authorised Re-Distributor Partner of TVSE.
* Certified Member of Wipro (WeP) Star Partner Club.
* Silver level Partner of Epson.
* Business Partner and Distributor of Typhoon.
* Appointed Dealers of Maple, Frontech, AMD, Gigabyte, Mercury.
* Priya Premier Partner.
* Sony authorised Partner (SAP).
* Premium Business Partner of Canon.
* Authorised Reseller of LG.
* Authorised Dealer of Umax.
* Authorised Rashi Partner.
Client :
It
has always been the constant endeavor to provide the best of attention to the
customers by regularly innovating and improvising upon the existing levels of
service. The interest and faith evinced in us by the customers carry a very
high value for every member of the team. During these years, they have
developed a strong clientele base which now figures to 300 plus and includes
some esteemed and well known organizations. The company always do look forward
to a long and fruitful
relationship with our clientele. Some of the clients are listed herewith:
American
express Bank
Amrit Exports Limited
Army Camp - Ballygunge (Ministry Of Defence)
Assembly of God Church Hospital & Research Center
Bengal Chemicals & Pharmaceuticals Limited
Birla Global Asset Finance Limited.
George Telegraph Training Institute Indiana Textiles Mills
Jupiter Pharmaceuticals Limited
National Small Industries Corporation Limited
Nipun Nirman Private Limited.
Ordnance Depot - Alipore (Ministry Of Defence)
Parekhs Cyber World
Regional Training Institute -Ichapur (Ministry Of Defence)
hyamaprasad College
Steel Authority Of India Limited
The Bank of Rajasthan
The New India Assurance Company Limited.
West Bengal Dairy & Poultry Development Corporation
Woodland Hospital & Medical Research Centre Limited
Products :
Subject is a wholesale and retail outlet dealing
in computer hardware, peripherals, media, and consumables and assembled systems
of all the reputed companies. They are the authorized distributors and dealers
of :
Ø
Intel
Ø
HP
Ø
Samsung
Ø
LG
Ø
Microtek
Ø
TVSE
Ø
Epson
Ø
Wipro
Ø
Mercury
Ø
Sony
Ø
Frontech
Ø
MicroSoft
Ø
Seagate
Ø
Cyrix
Ø
Gigabyte
Ø
Asus
Ø
Umax
Ø
Kodak
Ø
Creative
Ø
DLink
Ø
APC
Ø
BenQ
Ø
Tyhoon
Ø
Canon
Ø
i-Omega
Ø
Acer
Location
:
The 3 spacious showrooms located at different
addresses described below are specifically designed to provide comfort to the
customers during their visit to the showrooms. Apart from the showrooms, the
company’s organization also consists of a well-arranged service centre. The
company’s hardware engineers, who are technicians-par-excellence, provide best
services to the clients.
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.44.61 |
|
UK
Pound |
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.57.54 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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
|
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 |