MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPECTRUM GEMS |
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Registered Office : |
3767 KGB Ka Rasta, Jaipur – 302 001, Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1990 |
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IEC No.: |
1395006555 |
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TAN No.: |
JPRS00650G JPRS00798A |
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PAN No.: [Permanent
Account No.] |
AAEPL3573B |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Precious and Semi Precious Gems. |
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 5000 |
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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 steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajan Lodha |
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Designation : |
Proprietor |
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Date : |
08.08.2008 |
LOCATIONS
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Registered Office : |
3767 KGB Ka Rasta, Jaipur – 302 001, Rajasthan, India |
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Tel. No.: |
91-141-2576191 |
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Mobile No.: |
91-9828064574/ 9351450649 |
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Fax No.: |
91-141-2576191/ 2562675 |
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E-Mail : |
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Website : |
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Area : |
200 Sq. Yards |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Rajan Lodha |
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Designation : |
Proprietor |
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Address : |
Jaipur, India |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Precious and Semi Precious Gems. |
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Exports : |
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Products : |
v Gems |
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Countries : |
v UK v USA v France v Canada v Italy |
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Terms : |
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Selling : |
Cash and Credit ( 30 days) |
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Purchasing : |
Cash and Credit ( 30 days) |
GENERAL
INFORMATION
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Customers : |
v End Users |
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No. of Employees : |
14 |
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Bankers : |
v Dena Bank Jaipur |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ramesh C. Jain and Associates Chartered Accountants |
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Address : |
Jaipur |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Proprietor’s Share Capital |
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1.000 |
0.900 |
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Fixed Assets |
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7.100 |
6.020 |
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Investments |
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0.500 |
0.500 |
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Inventories |
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2.700 |
2.400 |
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Cash and Bank |
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0.410 |
0.406 |
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Current Liabilities and Provisions |
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7.400 |
7.200 |
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Misc. Expenses |
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0.057 |
0.040 |
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Sales Turnover |
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5.000 |
4.600 |
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Profit/Loss for the year |
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0.250 |
0.160 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Raymari Creations – USA
v Perseo – Italy
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Spectrum Gems |
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Address |
3767 KGB Ka Rasta, Jaipur – 302 001, Rajasthan, India |
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Tel. No. |
91-141-2576191 |
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Mobile No |
91-9828064574 |
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Electricity Bill |
Exporters of Gems |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AAEPL3573B |
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Import Export Code |
1395006555 |
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Name of Bank |
Dena Bank, Jaipur |
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Emp PF Reg Number |
ND |
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Company ESI Reg. Number |
ND |
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RBI Code Number |
AAEPL3573B |
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Credibility Factors |
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India Mart Client Since |
New Member |
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Year of Establishment |
1990 |
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Trade Affiliations |
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Export Promotion Council |
Gems Export Promotion Council |
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Standards and Certifications |
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Quality Management Systems |
Yes Maintaining Full Quality Control |
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Safety Certificates |
Yes Maintaining Full Quality Control |
As Per Website Details
Welcome to the miraculous world of subject where they have contributed a lot to the world of fashion. One of the most eminent names, Spectrum Gems is the wizard in exporting an exquisite collection of semiprecious gemstones, amethyst briolettes, semi precious and gemstone beads stone. They are also specialized in jewelry manufacturing. In addition, they are one of the booming semi precious stone exporters in India and they supply wholesale as well as in retail. They are at the right place where they set fashion trends and style by the own way.
The varieties of stone possess attributes like beauty, rarity, and durability.
You can have experience the beauty of gemstones which speaks in excellence and
quality. They offer you wide rang of colors and designs according to the latest
fashion and trend. They are the trend setter organization who is been followed
by others. Surprisingly no such sphere is left on this planet where Spectrum
Gems has not made a mark specially USA, UK, Spain, Italy, Australia. Now the
world is in the hands of Spectrum Gems.
They established them selves in 1990 under the guidance of Mr. Ranjan Lodha who
assumes and judge the market requirements and inspired us t work in accordance
to them. Now they are at this stage where the creative mind and experience
speaks in the market. The attitude of perfection is built up by us in the
professionals who help us in serving the distinctive range of stones to the
esteemed clients. In order to meet client’s satisfaction they work as per their
request and requirements. All of us need a platform where they can interact
with each other for the business expansion and Spectrum Gems provide you that
platform which helps you in moving ahead.
Products
They are engaged in fulfilling the demands related to loose
stones (Beads, Briolites, Cutstones, and Cabochons) to jewelry wholesaler &
retailers. These stones are prepared from high quality goods; using latest
techniques and highly skilled labor. Quality control measures over the products
make them exactly math cable to Indian and international standards. Whole
manufacturing process has done under monitoring team who assured that variety
of stones offered by us is pure and with superior in quality. They are dealing
in wholesale and retail as well.
The state of the art of designs is highly modish and trendy. For utmost
satisfaction to the customers they serve them the elegant stones in stipulated
time at their door step. Moreover all the stones are according to the latest
trend and fashion which gives a modern and tempting look to the persona.
Explicit collection of different types of stones can be availed at unbelievable
prices.
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. 43.72 |
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UK Pound |
1 |
Rs. 81.45 |
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Euro |
1 |
Rs. 64.47 |
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 |
NO |
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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 |
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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