MIRA
INFORM REPORT
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Report Date : |
17.05.2007 |
IDENTIFICATION DETAILS
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Name : |
DELL INDIA PRIVATE LIMITED |
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Registered Office : |
Divyasree Greens, Gr Floor, SY Nos,12/1,12/2/a and 13/1A, |
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Country : |
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Date of Incorporation : |
27.11.2003 |
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Com. Reg. No.: |
032926 |
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CIN No.: [Company
Identification No.] |
U729000KA2003PTC032926 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRD02621D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provides Technical Support, Customer Service, etc.. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
Good |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Dell Group, multinational Corporation. It has a strong capital base. No further details are available. The company can be considered normal for business dealings at usual trade terms and conditions on merits. |
LOCATIONS
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Registered Office : |
Divyasree Greens, Gr Floor, SY Nos,12/1,12/2/a and 13/1A, |
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Tel. No.: |
91-80-25357311 |
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Fax No.: |
91-80-25357309 |
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Website : |
DIRECTORS
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Name : |
Mr. Amelio Jospeh Willam |
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Designation : |
Director |
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Address : |
24, |
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Date of Birth/Age : |
25.11.1957 |
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Date of Appointment : |
27.11.2003 |
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Name : |
Mr. Welch Jr Thomas |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
23.02.1955 |
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Date of Appointment : |
08.12.2003 |
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Name : |
Mr. Creedon Timothy Daniel |
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Designation : |
Director |
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Address : |
18 K Queen astrid Park;266821, |
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Date of Birth/Age : |
26.08.1965 |
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Date of Appointment : |
27.11. 2003 |
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Name : |
Mr. Stephen Joseph felice |
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Designation : |
Director |
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Address : |
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Date of Appointment : |
21.12.2005 |
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Name : |
Mr. William Joseph Amelio |
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Designation : |
Director |
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Date of Appointment : |
21.12.2005 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Dell International Incorporated |
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2499999 |
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Dell Holdings ( |
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Mr Wiliam Joseph Amelio |
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5000 |
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Mr. Daniel Timothy |
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5000 |
Equity Share Break Up:
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Category |
Percentage |
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Foreign holdings(foreign institutional
inverstor(s), Companies(s) foreign Financial institution , Non-resident indian
or overseas corporate bodiesw or others |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provides Technical Support, Customer Service, etc.. |
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Products : |
Computer Hardware |
GENERAL INFORMATION
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Bankers : |
Citi Bank, |
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Facilities : |
-- |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Chartered Accountants
Chartered Accountants |
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Address : |
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Group Companies : |
Dell Computer India Private Limited, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No Financials are available Dell Computer India Private Limited
subsequent of the give details
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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22.625 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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19.688 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH
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42.313 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL
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42.313 |
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APPLICATION OF
FUNDS
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FIXED ASSETS [Net
Block]
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27.012 |
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Capital work-in-progress
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0.000 |
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INVESTMENT
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0.000 |
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DEFERREX TAX ASSETS
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0.000 |
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CURRENT ASSETS,
LOANS & ADVANCES
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Inventories
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Sundry Debtors
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Cash & Bank
Balances
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194.989 |
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Other Current
Assets
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Loans &
Advances
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Total
Current Assets
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194.989 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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180.805 |
Total
Current Liabilities
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180.805 |
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Net Current Assets
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14.184 |
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MISCELLANEOUS
EXPENSES
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1.117 |
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TOTAL
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42.313 |
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KEY RATIOS
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PARTICULARS |
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31.03.2001 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.27 |
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Current Ratio (Current Asset/Current Liability) |
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1.07 |
LOCAL AGENCY FURTHER INFORMATION
As Per Web Site:
About Them:
A Company is a trusted and diversified information
technology supplier and partner employing 65200 employees worldwide working
towards selling a comprehensive portfolio of products and services to customers
worldwide. Dell is recognized by Fortune magazine as
Company was incorporated in 1996.Dell’s direct operations in
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.84 |
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1 |
Rs.80.73 |
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Euro |
1 |
Rs.55.23 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
7 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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32 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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