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MIRA
INFORM REPORT
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Report Date : |
19.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SURGEINE HEALTHCARE (INDIA) PRIVATE LIMITED |
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Registered Office : |
101, Vardhman Tru Plaza, CU Block, Pitampura, New Delhi – 110 088 |
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Country : |
India |
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Date of Incorporation : |
28.03.2008 |
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Com. Reg. No.: |
176051 |
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CIN No.: [Company
Identification No.] |
U85100DL2008PTC176051 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS36036A |
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PAN No.: [Permanent
Account No.] |
AALCS7559Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter and Supplier of Surgical, Hospital and
Healthcare Uniforms and Other Essential Products. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor to Omkar Sursico Industries which was
established in December 2002. Thus it can be reported as an established company. Trade relations are fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and consitions. |
INFORMATION PARTED
BY
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Name : |
Ms. Sarika Sahany |
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Designation : |
Director |
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Contact No.: |
91-9310990931 |
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Date : |
14.08.2008 |
LOCATIONS
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Registered Office : |
101, Vardhman Tru Plaza, CU Block, Pitampura, New Delhi – 110 088,
Delhi, India |
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Tel. No.: |
91-11-47552424 |
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Mobile No.: |
91-9310990931, 9350990935, 9811118155 |
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Fax No.: |
91-11-47552424 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. ft. |
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Location : |
Rented |
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Factory : |
Located at Bavana, Delhi |
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Area : |
12000 Sq. ft. |
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Location : |
Rented |
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Factory : |
Located at Samay Pur, Delhi |
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Area : |
8000 Sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Amit Kumar |
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Designation : |
Director |
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Address : |
Quarter No. 3094, Gali Sangatrashan, Pahar Ganj, New Delhi – 110 055,
Delhi, India |
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Date of Birth/Age : |
09.08.1977 |
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Qualification : |
Graduate |
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Name : |
Mr. Puneet Kumar |
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Designation : |
Director |
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Address : |
3094, Sangat Rasaan, Pahar Ganj, New Delhi – 110 055, Delhi, India |
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Date of Birth/Age : |
09.06.1984 |
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Qualification : |
Graduate |
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Name : |
Ms. Sarika Sahany |
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Designation : |
Director |
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Address : |
66 DDA Lig Motia Khan, Pahar Ganj, New Delhi – 110 055, Delhi, India |
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Date of Birth/Age : |
04.08.1979 |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter and Supplier of Surgical, Hospital and
Healthcare Uniforms and Other Essential Products. |
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Products : |
v
Cardiovascular
& Angiography v
Urology v
EENT v
Lab Coat
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Exports : |
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Countries : |
v Middle East |
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Imports : |
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Products : |
v Raw Materials |
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Countries : |
v China |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days ) – advance |
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Purchasing : |
Credit (30 days / 60 days / 90 days ) – advance |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Distributors |
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No. of Employees : |
50 |
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Bankers : |
State Bank of India, Shalimar Baug, Delhi Branch |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Sujit Singh Virdhi Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available as the subject is
a new company.
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Particulars |
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31.03.2008 Expected |
31.03.2007 Approximately |
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Sales Turnover (Omkar Surgico
Industries) |
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110.000 |
49.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
R. M. L. Hospitals – Delhi
v
Arms Force Hospital – Delhi, Mumbai, Pune
v
Kalavati Child Hospital – Delhi
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
SURGEINE HEALTHCARE (INDIA) PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited Company |
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Income Tax Registration |
AALCS7559Q |
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VAT / TIN Registration |
07220257401 |
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Name of Bank |
State Bank of India |
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Current Account Number |
30361950425 |
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Account Since |
1st Year |
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Credibility Factors |
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India Mart Client Since |
4 Years |
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Standards and Certifications |
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Quality Management Systems |
ISO 7025806 Issued 29.07.2007 Exp – after 90
days |
History
Subject was originally started in the year
05.12.2002 under the name of Omkar Surgico Industries, However. Surgeine Healthcare
(India) Private Limited, has taken over Omkar Surgico Industries from
28.03.2008, Sales Turn Over is given for Omkar Surgico Industries.
As Per Website
Details
Subject is a global leader in the rapidly growing surgical and hospital
products field. The Company was founded in 1998 on the assumption to develop
the premier quality and international standard surgical products for the
healthcare and medical sector. At present, Subject is a manufacturer, exporter
and supplier of surgical, hospital and healthcare uniforms and other essential
products. The products they manufacture are extensively used in a variety of
fields like hospital & medical profession, food industry and chemical and
pharmaceuticals industry.
Infrastructure:
They possess a well equipped production unit backed by hi tech
machines and sophisticated technology. With advanced technical equipment and
testing machines, they have reached international levels in manufacture of
surgical protective material. The endeavor is focused on keeping abreast with
the latest technologies. They incorporate the modern production techniques to
improve the performance of the products and to make them available at more
competitive prices.
Team:
Subject is supported by a professional team of skilled and experienced managers
and technocrats. The company has made a mark in the industry for high level of
know how, outstanding quality at an unmatchable price. The R and D department
enables us to foresee future needs, and an ongoing research in design and available
technology keeps us one step ahead of competition. The highly responsible and
quality conscious team keeps exploring the various possibilities to ensure the
low prices of the quality products, observes the mutually settled delivery
schedule and does not ignore the requirements of packaging.
Customer Satisfaction
Excellence in every sphere of operation is a synergy that they nurture from the
perfect blend of quality, innovation and technology. They endeavor to reach the
pinnacle of excellence by enhancing all these three factors. They are striving
to provide the clients highest quality products. They are a hygiene conscious
company and strive to realize quality with timely delivery. They have been well
appreciated by the clients all over the country. The overwhelming response of
the esteemed clients encourages us to come out with better quality products.
All the valued customers can rest assured that they will be provided with the
very best & latest technology in the field of medical disposables.
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 :
The 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.
The 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. 43.23 |
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UK Pound |
1 |
Rs. 80.89 |
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Euro |
1 |
Rs. 63.80 |
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 |
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 |
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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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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
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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. |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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