MIRA
INFORM REPORT
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Report Date : |
08.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HOSPITALITY SALES AND MARKETING COMPANY |
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Registered Office : |
M -84, Mezzanine Floor, Greater Kailash Part-2 Market, New Delhi-110048 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1991 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELH03873C |
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PAN No.: [Permanent
Account No.] |
AALPM5550G |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Importer, Distributors and Suppliers of International Hotel Products (Architecture Hardware, Digital Locking System, Safes, Energy Saving System, Mechanical Locks, Coffee/Tea Maker, Hair Dryers, Hand Dryers, Mirrors, Accessories, Mini Bars, Room Services Equipments and Bakery & Confectionery and other Equipments) |
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 26000 |
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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 an established importer and trader of international hotel products. Proprietor of the concern is reported as experienced, respectable and having satisfactory means of his own. His trade relations are reported as fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealing at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
M -84, Mezzanine Floor, Greater Kailash Part-2 Market, New Delhi-110048, India |
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Tel. No.: |
91-11-2921 1515/2921 4405 |
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Fax No.: |
91-11-2921 4394 |
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E-Mail : |
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Website : |
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Area : |
1200sq.fts |
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Location : |
Owned |
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Head Office : |
W-122, Upper Ground Floor, Suite#2, Greater Kailash Part-2, New Delhi-110048 |
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Tel. No.: |
91-11-2921 9717/2922 0109 |
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E-Mail : |
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Area : |
1700sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Anil Malhotra |
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Designation : |
Sole Proprietor |
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Date of Birth/Age : |
51 Years |
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Mobile : |
91-9811041116 |
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Experience : |
22 Years |
BUSINESS DETAILS
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Line of Business : |
Importer, Distributors and Suppliers of International Hotel Products (Architecture Hardware, Digital Locking System, Safes, Energy Saving System, Mechanical Locks, Coffee/Tea Maker, Hair Dryers, Hand Dryers, Mirrors, Accessories, Mini Bars, Room Services Equipments and Bakery & Confectionery and other Equipments) |
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Products : |
The subject is dealing with the following
products: Electronic
locks Ø
Mag Stripe Lock Ø
Smart Ø
Smart Campus Safes Ø
Electronic Safes Energy
Saving Ø
Energy Saving System Mechanical
Locks Ø
Modular Ø
Tubular Ø
Bathroom Ø
Interconnecting Ø
Door closers Ø
Panic Exit Ø
Handles Ø
Security Cylinders Coffee/Tea
Maker Ø
Hospitality Tray Ø
Kettles Hair
Dryers Ø
Wall Mounted Ø
Drawer Type Ø
Professional Type Hand
Dryers Ø
Automatic Ø
Semi Automatic Mirrors Ø
Lighted Ø
Hale Lighted Ø
Wall Mounted Ø
Vanity Ø
Model’s Choice Accessories Ø
Bath/Shower Ø
Irons/Plant Pressers Ø
Iron Caddle Mini Bars Ø
Compressor less Ø
Green Fridge Ø
Accessories Banquets Ø
Portable Dance Floor Ø
Mobile Folding Ø
Stages Ø
Insta Wall Ø
Banquet Chairs Ø
Table Skirting Room
Service Ø
Room Service Mobile Ø
Table Ø
Food Warmers Ø
Mobile Sleeper |
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Imports from : |
USA & European Countries, Far East |
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Terms : |
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Selling : |
CAD and Credit up to 30 to 45 days |
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Purchasing : |
L/C up to 60 to 90 days, DP and Da basis |
GENERAL
INFORMATION
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Customers : |
The major customers are as follows: Welcome Group Ø Sheration Ø Oberois Ø Taj Group Ø Grand Hyatts Ø Meridians Ø Holiday Inns Ø Hyatts Intercontinental Ø Tridents Ø Ashok Group Ø HCL Ø Villa Group |
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No. of Employees : |
25 |
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Bankers : |
Standard Chartered Bank |
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Banking Relations
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Satisfactory |
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Associates/Subsidiaries : |
Group Turnover: Rs.70.000 million approx as claimed by the subject Name of the Company : Cisatron India Legal Status : Proprietorship Concern Year of Establishment : 1996 Line of Business : Importers, Distributors and Suppliers of Equipments to hotel industry. Name of the Company : Cisatech Solutions Legal Status : Proprietorship Concern Year of Establishment : 1995 Name of the Company : SAC & MAC Impex Private Limited Legal Status : Private Limited Company Line of Business : Importers, Distributors and Suppliers of Equipments to Hotel Industry. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 6.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 6.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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30.000 |
20.000 |
Expected Sales (2007-08) : Around Rs. 50.000 Millions to 55.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
STATE OF
AFFAIRS OF THE SUBJECT
Established in 1991 the subject is engaged in the business of :
Importer, Distributors and Suppliers of International Hotel Products
(Architecture Hardware, Digital Locking System, Safes, Energy Saving System,
Mechanical Locks, Coffee/Tea Maker, Hair Dryers, Hand Dryers, Mirrors,
Accessories, Mini Bars, Room Services Equipments and Bakery & Confectionery
and other Equipments)
FURTHER INFORMATION:
Subject is reportedly imports Importers, Distributors and Suppliers of
International Hotel Products :
Importer, Distributors and Suppliers of International Hotel Products
(Architecture Hardware, Digital Locking System, Safes, Energy Saving System,
Mechanical Locks, Coffee/Tea Maker, Hair Dryers, Hand Dryers, Mirrors,
Accessories, Mini Bars, Room Services Equipments and Bakery & Confectionery
and other Equipments)
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Sr. No. |
Products |
Distributors |
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1 |
Ø CISA-Hotel Card Locks Ø CISA Mechanical
Locks (Modular and Tubular) for main, inter-connecting and bathroom doors. Ø Panic Exit
Devices, Door Closers Ø CISA- Hotel
Electronic Safes Ø “Digit” and
“Digit memory” Type |
CISA, s.p.a., Italy |
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2 |
Ø Hospitality
Trays (Cordless Room Kettles with Base, Services and Sachet trays) Ø Hair Dryers Ø Hand Dryers Ø Soap Dispenser
(Mildoz) |
Atelier, Belgium |
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3 |
Ø European styled
Magnified Cosmetic/ shaving Mirrors Ø European styled
wall Mounted Magnifying Mirrors with Swivel Frames Ø Drawer Type/wall
Mounted hair dryers Ø Clothes lines
and Pant Pressers |
Jerdon, USA |
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4 |
Ø Defogger for
Bathroom Mirrors |
Electronic Mirror, USA |
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5 |
Ø Compressor less
Minibar |
Elect Suisse, Italy |
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6 |
Ø COMPUCALL- yield
Management Tool to enhance Tele- Communication revenue with no investment, Ø Wiredinn.com-
High Speed Internet Access (HSIA) in Hotel Rooms |
TIV, USA |
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7. |
Ø Portable Dance
Floors Ø Single/Dual/Trple
Height Mobile performance stages Ø Food Warmers
with Mobile Room Service Trollies Ø Banquet
tables/Chairs & Wall beds Ø Table Skirting |
SICO, USA |
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8. |
Ø Gillette Shaving Gel/Body Spray/After
Shave Gel/ Deodorant/ After shave Ø Duracell battery Ø Braun hair
Dryers/ Shavers etc |
Indian Shaving Products Limited |
AS PER WEBSITE
DETAILS:
PROFILE
They are a local Hospitality Company with a global sweep. Established by
a team of qualified, earnest, and a determined set of competent young persons
keen on providing the client the most suitable winning option on Hotel
Solutions, the firm endeavours to give fully satisfying service. Those at H S
& M C headed by an ex- Hotelier with a global exposure, Anil Malhotra
brings with him rich experience gained not only in India but also in
international hotelerei, from the United Kingdom to central Europe, thus
endeavoring to meet the needs of clients nationally and truly globally. Their
projects undertaken in Mauritius, Nepal and Sri Lanka is ample proof for the same.
The
ethics and philosophy of the firm
That their clients are the most valued element in their business, whose
interest and rational satisfaction must be ensured to the best of their ability
and endeavour, constitutes the very foundation of their functioning. The firm
is accordingly characterised by intensity of effort in hard work, thoroughness
and rare perspicacity, thereby assuring to their clients professional service
of highest calibre that combines technical excellence compatible with facts and
practicability. Their International Products are tested thoroughly in the
Indian conditions & backed up by their over two decades of Efficient After
Sales Service, provided in over 20 Indian cities.
In distinction from the usual tendency among Hospitality Suppliers
gauging client satisfaction only by the outcome of the sale, they feel that the
client naturally assumes that the supplier has the requisite technical
capability to deal with his/her requirement.
SUBJECT REPRESENTS
THE FOLLOWING COMPANIES :z
Ø
IR
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CISA
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MINXON
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BARTECH
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SUNBEAM
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SICO
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BURLEY
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FRIUCH
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TELEADAPT
Ø
TELEDEX
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.28 |
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UK Pound |
1 |
Rs. 77.33 |
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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 |
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 |
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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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, we have no basis upon which to
recommend credit dealings |
No Rating |
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