MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARM WELDERS PRIVATE LIMITED |
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Formerly Known As : |
ARM PRODUCTS |
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Registered Office : |
T 96/2, MIDC, Bhosari, Pune-411 026, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
10.06.1998 |
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Com. Reg. No.: |
012581 |
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CIN No.: [Company
Identification No.] |
U29299PN1998PTC012581 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEA02907C |
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PAN No.: [Permanent
Account No.] |
AAFCA4637B |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer of Air and Water Cooler Transformers and Resistance Welding
Systems. |
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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company. The company claims to have taken
over the running business of ARM Products w.e.f. 01.04.2007. Trade relations
are fair. Business is active. Payments are reported as usually correct and as
per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
T 96/2, MIDC, Bhosari, Pune-411 026, Maharashtra, India |
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Tel. No.: |
91-20-27120063 / 27120815 |
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Fax No.: |
91-20-27120815 |
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E-Mail : |
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Website : |
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Area : |
20000 Sq. ft [1 Storey Building] |
DIRECTORS
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Name : |
Mr. Atul Ramakant Khanderia |
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Designation : |
Director |
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Address : |
Bunglow No.11, Jagannath, Boat Club Road, Pune-411 001, Maharashtra,
India |
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Date of Birth/Age : |
58 years |
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Qualification : |
B.E. |
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Experience : |
32 years |
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Date of Appointment : |
10.06.1998 |
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Name : |
Mr. Brijesh Atul Khanderia |
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Designation : |
Director |
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Address : |
Bunglow No. 11, Jagannath, Boat Club Road, Pune-411 001, Maharashtra,
India |
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Date of Birth/Age : |
33 years |
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Qualification : |
B.E. |
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Experience : |
8 years |
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Date of Appointment : |
10.06.1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Atul Ramakant Khanderia |
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500 |
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Mr. Brijesh Atul Khanderia |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Air and Water Cooler Transformers and Resistance
Welding Systems. |
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Products : |
v Integrated
Transformer Spot Welding System v Suspended
Transformer Spot Welding System v Pneumatic
Stationery Spot and Projection Welding Machines v Pedestal Type
Spot Welding Machines v Light Weight
Modular hand held spot Welding Gun. v Bench Type Spot
Welding System. v Transformers
mainly for Electronic Instruments, Power System. v Power
electronics and Rectifier as per customer’s specifications. v Moulded Pulse
Transformers for AC and D.C. Drives. v Moulded Current
Transformers. v High Voltage
Coils v D.C. Chokes v Ferrite Core
Transformers for SMPS applications. v Transformers for
Microwave heating applications. v Electrical
Transformers v Innovative Spot
Welder v Spot Projection
Welder v Integrated Gun v Modular gun v Suspended
Transformer Guns v Welding
Controller |
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Exports To : |
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Countries : |
v Middle East v Europe v Korea v South – East
Asia (Thailand) |
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Imports : |
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Products : |
Raw Material |
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Countries : |
v Germany v France v Korea |
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Terms : |
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Selling : |
L/C ( 30 days) |
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Purchasing : |
L/C, D/A and D/P (30 days) |
GENERAL INFORMATION
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Customers : |
v End Users v Automobile
Industry |
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No. of Employees : |
100 |
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Bankers : |
Axis Bank Pune, Maharashtra, India |
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Facilities : |
The Concern enjoys Cash Credit of Rs.20.000 Millions from its bankers. |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.100/-Each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/-
Each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
100.000 |
60.000 |
50.000 |
Expected Sales (2007-08) : Rs.120.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Telco
- Bajaj
- Toyota
Website Details:
THE BEGINNING
It all started in the year 1977
at Bhosari Industrial area in Pune. Mr. Atul
Khanderia, a qualified
Electrical Engineer, envisioned the demand for transformers used for high
Current and high Voltage applications and control transformers. It was a humble
Beginning by him based on strong fundamentals of creating Value for customers.
He started off with the designing of Welding transformers and control
transformers for industry Giants like TATA MOTORS LIMITED, BAJAJ AUTO, TAL etc.
Very. Soon ARM Products became the leading and reliable name in welding
transformers. This 25 years proven experience in welding transformers became
the inspiration and basis of company's foray into spot welding systems
manufacturing.
Mr. Brijesh Khanderia qualified Electronics Engineer joined the company to
strengthen the designing and manufacturing spot welding system from concept to
commissioning.
The Expertise
Transformers form the core of any resistance welding system.
They started building upon their strength, i.e. Welding transformer designing.
Like their transformers they spot welding systems received a warm welcome from
industry in India as well as abroad. The trust of their clients in India and abroad is the proof enough of
their new found expertise. Today the 44 member ARM team is busy creating value
for your business.
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Their design and application engineers equipped with a CAD center design
customized
Spot Welding System to suit
customers application.
• Their quality team with modern testing and measuring instruments ensures that
everything that goes into the process meets the standards results in the
best Spot Welding Systems.
• Production department works day and night to deliver you the systems in time.
• Service Support for their systems is just around the corner, giving you a
peace of mind with reliable support.
Future:
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ARM
Products poised to grow. In terms of technical capabilities, size and presence.
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They
want to become a complete systems integrator.
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They
are confident that very soon they will realise this goal, Their Technical
tie-up with a German company, Matuschek
Messtechnik is a step in that direction.
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Through
this tie up they are manufacturing Medium Frequency DC guns and systems
Incorporating their state-of –the-art Auto Spatz inverter controllers.
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They
already have successful installations in Middle East countries like Jordan,
Kuwait.
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They
are further exploring the export markets for spot welding system and
transformers as well.
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There
is lot to come your way from ARM Products. Expect more. Partner with us for
growth.
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In 1990, the company developed specialized water cooled transformers for
resistance welding . Over the years the company gained mastery in manufacturing
these specialized transformers with ratings up to 200kva.
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In January 2007, ARM Products has changed to Arm Welders Pvt. Ltd. They
have expanded to their additional new Facility of 20,000 Sq .Ft.
To archive their commitment for introducing only technically superior products
Arm Welders has made key technical tie ups with
v Matuschek
Messtechnik, Germany for high Adaptive control MFDC control’s in 2002.
v FTS (Part Of
Finuchem Group), France for Robotic servo Weld guns in 2004
v Today the 90
member Arm team is busy creating value for your business.
v Their design and
Application engineers designed customized spot welding systems to suit
customers application
v Their quality team
with modern testing and measuring instruments ensures that everything that goes
the Process meets the
standards: results in the best Spot Welding System.
v Production
department’s woks day and night to deliver you the system in time
v AWPL has marketing
& after sales services offices all over India & tie up with FTS Offices world wide
Manufacturer of:
High Quality
Precision Resistance Welding Machines and Transformers, Air and Water Cooled
Transformers, Mobile Welders, Rocker Arm Welder, Modular Gun, Spot Projection
Welders, Portable Guns, Water Cooled Transformers, Microhead Welder and Welding
Controllers.
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.39.29 |
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UK Pound |
1 |
Rs.77.02 |
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Euro |
1 |
Rs.58.16 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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, we have no basis upon which to
recommend credit dealings |
No Rating |
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