MIRA
INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
CLEAR AQUA TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
No.6, Srinivasa Nagar, 2nd Street, T V Koil, Trichy – 620 005,
Tamilnadu |
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Country : |
India |
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Date of Incorporation : |
02.09.2005 |
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Com. Reg. No.: |
057422 |
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CIN No.: [Company
Identification No.] |
U41000TN2005PTC057422 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEC07564E |
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PAN No.: [Permanent
Account No.] |
AACCC7368L |
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TIN No.: |
33943463105 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Water Treatment Equipments. |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
As the no financials of the company could be available from Registry,
the company is poor in corporate compliance. Hence, company’s financial
status and performance are not known. The company’s payments are reported as slow. It can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY (General Details)
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Name : |
Mr. K. Gajeshwaran |
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Designation : |
Director |
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Contact No.: |
Mobile no. 91-9842276000 |
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Date : |
08.11.2008 |
LOCATIONS
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Registered Office/ Factory : |
No.6, Srinivasa Nagar, 2nd Street, T V Koil, Trichy – 620
005, Tamilnadu, India |
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Tel. No.: |
91-431-6501912 |
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Mobile No.: |
91-9842276000 (Mr. K. Gajeshwaran) |
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E-Mail : |
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Website : |
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Area : |
2000 sq ft |
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Location : |
Rented |
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Head Office : |
11/19, Sivaram Nagar, Thriuvanai Koil, Trichy - 620005, Tamilnadu, India |
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Tel. No.: |
91-431-5501912 |
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Mobile No.: |
91-9842273232/ 9842299214/ 9842299215 |
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E-Mail : |
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Website : |
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Branch Office : |
Chennai Clear
Aqua Systems, 7, 5th Main Road, Vijaya Nagar, Velachery, Chennai. Mobile
No.:
91-9842276000, 9841538006
Krishnagri Clear
Aqua Systems, 3/270 Periyar Nagar, Krishnagri - 635 001. Mobile
No.:
91-9842299214.
Coimbatore
Clear Aqua Systems, 40, Vinayagar Koil street, P. N.
Palayam, Coimbatore - 641 037. Mobile
No.:
91-9842293757, 9842293737.
Tirupathur Clear
Aqua Systems, 38/L Pudupet Road, Tirupathur - 635 601, Mobile
No.: 91-98422
67172.
Karikal Clear
Aqua Systems, 361Barithiyar Salai, Thalathur, Karikal -600 001. Mobile
No.:
91-9842299213. |
DIRECTORS
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Name : |
Mr. K. Gajeshwaran |
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Designation : |
Director |
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Address : |
11/19, Sivaram Nagar, Thriuvanai Koil, Trichy - 620005, Tamilnadu, India |
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Date of Birth/Age : |
49 Years |
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Qualification : |
Chemical Engineer |
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Name : |
Mrs. K. Akila |
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Designation : |
Director |
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Address : |
11/19, Sivaram Nagar, Thriuvanai Koil, Trichy - 620005, Tamilnadu, India |
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Date of Birth/Age : |
48 Years |
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Qualification : |
B.Com |
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Name : |
Mr. P. Kuppuraj |
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Designation : |
Director |
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Address : |
11/19, Sivaram Nagar, Thriuvanai Koil, Trichy - 620005, Tamilnadu, India |
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Date of Birth/Age : |
54 Years |
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Qualification : |
B.Com |
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Name : |
Mr. K. Nithyanand |
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Designation : |
Director |
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Address : |
11/19, Sivaram Nagar, Thriuvanai Koil, Trichy - 620005, Tamilnadu, India |
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Date of Birth/Age : |
24 Years |
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Qualification : |
M.B.A |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 06.08.2005
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Names of Shareholders |
No. of Shares |
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K. Gajeshwaran |
4000 |
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K. Akila |
2000 |
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P. Kuppuraj |
2000 |
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K. Nithyanand |
2000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Water Treatment Equipments. |
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Products : |
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Imports : |
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Countries : |
Asian Countries, U.S. |
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Terms : |
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Selling : |
Credit 30 days |
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Purchasing : |
Credit 30 days |
GENERAL
INFORMATION
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Customers : |
End Users and OEM’s |
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No. of Employees : |
45 |
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Bankers : |
ICICI Bank, Sriranjan Branch, Trichy |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Nagaratnam and Associates Chartered Accountants |
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Address : |
Trichy |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised 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 |
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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 |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since incorporation of the company.
Management of the company denied financial details.
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Particulars |
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31.03.2008 |
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Sales Turnover (Estimated) |
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10.000 |
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Expected Sales (2008-09): Rs.50.000 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 33943463105 dated 02.12.2005 |
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IEC Code : Not Provided |
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PAN / TAN : AACCC7368L |
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Bank Name : ICICI
Bank |
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Bank Address : Sriranjan Branch, Trichy |
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Bank A/c. No.: 612505000497 |
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Account Since : 2005 |
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Additional Information: |
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CST No.: 825574 |
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TRADE REFERENCES:
- German Technical Corporation, New Delhi
- Confederation of Indian Industry
WEBSITE DETAILS:
Profile
Subject was established, to overcome the needs of portable drinking water for commercial and industrial needs. Since its inception in 2003, it has successfully designed, manufactured and commissioned more than 250 Packaged Drinking water and water treatment plants all over India.
The set up was incorporated to Manufacturing various water treatment Systems, equipments, chemicals, and undertake contracts for turnkey jobs as well as detailed engineering and design of water and wastewater treatment equipment. They provide total consultancy for Water treatment engineering, design, supply installation commissioning, and operation of the plant. They have wide engineering capability in processing, Food Industry, Packaged Drinking Water and other industries.
Subject has worked in partnership with the leading Packaged Drinking water Company and Other Water treatment Company OEM” S over many years, providing high quality equipments for the manufacture of Mineral water, high purity Drinking Water and other applications.
Subject helps to setup complete Packaged Drinking (Mineral Water) water plants in accordance with the latest BIS, FDA Guidelines. Using, the Two decades of vast knowledge and technical expertise
They have full fledged laboratory for analysis of raw water, Waste water, treated water .They offer the latest technologies to solve the water and wastewater needs with on time deliveries and service back up.
They also have a team of well-qualified and experienced service engineers; they could attend to the servicing of the above said plant round the clock.
Systems
Subject is marketing and manufacturing all kind of water purifiers and all kind of water treatment products. Those are giving good water quality and good human health. Here they explained some of systems. They are Water Treatment, Mineral Watersystems, Iron Removal systems and Ro Systems.
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
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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.49.46 |
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UK Pound |
1 |
Rs.73.17 |
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Euro |
1 |
Rs.62.96 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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27 |
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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