MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAVI INDUSTRIES |
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Registered Office : |
B/17, Adke Compound, Survya Nagar, LBS marg, Vikhroli (West), Mumbai –
400 083, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1980 |
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IEC No.: |
0304027871 |
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PAN No.: [Permanent
Account No.] |
AAGP0322E |
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Legal Form : |
A partnership concern with an unlimited liability of the partner |
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Line of Business : |
Manufacturer and Exporter of pharmaceutical machines |
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 7500 |
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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 satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ramesh Khemchand Panchal |
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Designation : |
Partner |
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Contact No.: |
91-9833297671 |
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Date : |
15.10.2008 |
LOCATIONS
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Registered Office : |
B/17, Adke Compound, Survya Nagar, LBS marg, Vikhroli (West), Mumbai –
400 083, Maharashtra, India |
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Tel. No.: |
91-22-25776356/ 25796851 |
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Mobile No.: |
91-9833297671 (Mr. Ramesh Panchal) /9819030056 |
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Fax No.: |
91-22-25796851 |
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E-Mail : |
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Website : |
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Area : |
2000 sq ft |
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Location : |
Owned |
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Factory 1 : |
Plot No 1673, TIDC Sarigam, Station Bhilad, Vapi District: Vaisad,
Gujarat :396001 |
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Area : |
100000 sq ft |
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Location : |
Owned |
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Factory 2 : |
Sagar Industrial Estate, No.1 Unit No.122, Waliv, Near, Rashmi Bunglow
Scheme, Vasai (E), District Thane |
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Area : |
4000 sq ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Manoj Khemchand Panchal |
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Designation : |
Partner |
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Address : |
B-2/905, Lok Gaurav, L.B.S. Marg, Vikhroli (Wesr), Mumbai – 400 083,
Maharashtr, India |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Industrial Engineer |
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Name : |
Mr. Ramesh Khemchand Panchal |
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Designation : |
Partner |
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Address : |
B-2/905, Lok Gaurav, L.B.S. Marg, Vikhroli (Wesr), Mumbai – 400 083,
Maharashtr, India |
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Date of Birth/Age : |
32 Years |
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Qualification : |
IIT Bombay |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of pharmaceutical machines |
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Product : |
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Brand Names : |
Pharmaceutical TM |
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Exports : |
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Products : |
Pharmaceutical Machines |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Credit (30 and 60 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
20 |
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Bankers : |
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Facilities : |
The concern do not enjoy facility from it’s bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jayesh and Shah Associates Chartered Accountant |
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Address : |
Ghatkopar, Mumbai |
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Associates/Subsidiaries : |
Address : B/17, Adke Compound, Survya Nagar, LBS marg, Vikhroli
(West), Mumbai – 400 083,
Maharashtra, India
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.1.500 Millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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20.000 |
Expected Sales (2008-09): Rs. Above 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 27970064647V DATE
: 01.04.2006 |
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IEC Code : 0304027871 Far Ravi
International (Sister concern) |
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PAN / TAN : AAAFR5726N |
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Bank Name : Bank of India |
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Bank Address : Dadar (West) Branch |
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Bank A/c. No.: 001520100005615 |
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Account Since : 5 Years |
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Trade Reference
- United
Pharmaceutical Limited, Jordan
- Ajanta
Pharrma Limited, Aurangabad
- Lyra Labs
Private Limited, Himachal Pradesh
As Per Websites
In the year 1980. Subject: was established with the aim to manufacture machinery parts and Fabrication work of different tablet manufacturing machinery.
With in eight years i.e. in 1988,
the company extended its range to manufacture this entire machinery itself.
This included FLUID BED DRIVER, DRYING
OVEN, and DRY HEAT STERILIZER for its customers. By two years, marketing
of the machineries started through publications and by way of correspondence to
various prospective customers.
Mr. Ramesh Panchal joined this
company in 1989 after completing
his Degree in Mechanical Engineering from IIT and no sooner he joined the
company, the company started to manufacture pharmaceutical machineries and
equipment. To begin with Mr. Panchal
launched Fluid Bed Dryer, Dry heat
Sterilizer, Rapid Mixer Granulator, Drying Oven in the market and
subsequently introduces other Pharmaceutical
Machines which are very well accepted by the customers.
Since then the company has grown from strength to strength in last 20 years and has attained unparallel
leadership a manufacturer of FLUID BED
DRYER and other Tablet Section
Machinery. The company has achieved a staggering figure of 500 units marketed along with other
products like Oven (Tray Dyer), Dry Heat
Sterilizer, Rapod Mixer Granulator, Coating system, Storage Tanks and
other Pharmaceutical Machinery
and Chemical Equipment. The
company also gained reputation for the reliable performance of the products.
At present Subject: is
manufacturing various machines such as Fluid
Bed Dryer (ordinary as well as GMP Model), Drying Oven (Ordinary as well as GMP Model), Dry Heat Sterilizer for sterilizing
vial, bottle container etc. (Complete GMP Model), Rapid Mixer Granulator and other Tablet Section machinery. The company also make explosion
resistant model for Dry product contains organic solvents.
The success story solely depends on the continues efforts in upgrading
technologies of the major product specification.
The company offers state of the art Standard models, GMP models with the option for fully automatic PLC
(Programmable Logic Controls) for various process equipment's, designed to suit a specific and process as required by the clients product.
At the subject the efficient and
academically team spares no stone unturned, to be the best in custom build
engineering by combining state-of- the- Art design and technology.
The company is committed to ensure that no trouble being spared to see that
every user of companies’ product is satisfied with its equipment. The company
offers the wide range of models of various capacities suit a specific end use
i.e. Specialist in High Efficiency
Drying, Mixing and Grinding Machinery Backed by over 25 years experience
Lab Models, Pilot Plant Models and batch size production
Models of various capacities.
This product is of proven performance and can be seen in use
to small scale industries, top loading Indian Companies and Multinationals. The
products are also exported to various African, Gulf, European etc. countries
both directly and also through third party exports.
Lab Model Fluid Bed Dryer and Processors. Also Mini Table Top 1Kgs. Cap. Model.
The Company has sister concern:
M/s PHARMA TECH, Mumbai
M/s PHARMA TECH MACHINERY CO. Vapi which manufactures other machinery in TABLET, CAPSULE,
INJECTABLE and OINTMENT Section for Pharmaceutical and
Chemical Industries.
These machines are manufactured by highly experienced and
skilled technical know-how and confirmed to the highest standard of their
performance dependability and operational efficiency.
Subject manufactures any machinery to satisfy the customer
requirements. The company is committed to satisfy its customers in all aspects
of pharmaceutical machinery manufacturing.
Over 600 machines in operation in Pharmaceuticals, Dyes,
Chemicals, Plastics and Food Industries.
CMT REPORT
(Corruption, Money Laundering and 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 records 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.48.86 |
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UK Pound |
1 |
Rs.84.22 |
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Euro |
1 |
Rs.65.51 |
SCORE and 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 |
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 and 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 and 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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