MIRA
INFORM REPORT
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Report Date : |
02.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL MANPOWER RESOURSES |
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Registered Office : |
102-A-33, 1st Floor, Rajouri Garden, New Delhi – 110027. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1991 |
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Com. Reg. No.: |
19970 |
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PAN No.: [Permanent
Account No.] |
AAEBP7701K |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manpower Requirement Service. |
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 10000 |
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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 manpower concern having satisfactory
track. 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. Nothing adverse reported. |
INFORMATION PARTED
BY
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Name : |
Mr. Harish Batra |
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Designation : |
Proprietor |
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Date : |
29.08.2008 |
LOCATIONS
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Registered Office : |
102-A-33, 1st Floor, Rajouri Garden, New Delhi – 110027,
India |
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Tel. No.: |
91-11-41085108 / 25101111 / 25161118 / 41447273 / 410047 / 25161110 |
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Fax No.: |
91-11-41005786/25162424 |
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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 |
SOLE PROPRIETOR
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Name : |
Mr. Harish Batra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Graduate |
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Experience : |
27 Years |
BUSINESS DETAILS
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Line of Business : |
Manpower Requirement Service. |
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Terms : |
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Selling : |
Recruitments |
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Purchasing : |
100% Cash |
GENERAL INFORMATION
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Customers : |
·
Al Abbar Aluminium Llc - Uae ·
Al Jazirah Ford Vehicals Limited - Saudi Arabia ·
Acma Group Of Companies - Singapore ·
Acot Technologies Limited - Litivia ·
Adnoc - Uae ·
Adma - Opco - Uae ·
Abu Dhabi Gas - Uae ·
Abb - Sae Sadelmi - Uae ·
Al Mansoor Enterprises Llc, United Arab Emirates ·
Al Masood Oil Industry Supply and Services Co. Llc, Uae ·
Al Naboodah Contracting L.L.C., Uae ·
Al Yousuf International Construction, Uae ·
Ancer Recruitment Limited, United Kingdom ·
Aseel Construction Services Limited. Uae ·
Artem Dv Corporation Inc., Usa ·
Ashai Techneion Limited, Japan, Uae, Qatar ·
Automatic System Corporation (Ascorp) Llc., Abu
Dhabi-Uae ·
Egpc - Uae ·
Emitac Llc - Dubai ·
Entrypoint-Tech Sdn.Bhd., Malaysia ·
Engico Uk Limited ·
Eurest Raythenon Support Services, Kazahkistan ·
Gamma - Civic Construction Limited, Mauritius ·
General Contact Engineering Co., Llc, Uae ·
Ginorse Uae Llc - Uae / Swiss ·
Gulf Eagle Contracting Llc, Uae ·
Gulf Net Solutions, Saudi Arabia · Gulf
News - Dubai - Uae · Icir
Group - Italy · Inco
International (Fz) Llc, Uae ·
Kafear Isoliertechnik - Uae ·
Kattan Consult Limited - Saudi Arabia · Litwin
Abb Lummas Crest - Aruba · Litwin
Corporation - Aruba ·
Mohammed Al Mojil Group - Saudi Arabia ·
Maintenance Management Group - Lebanon / Cyprus ·
Middle East Electrical and Switch Gear Company., Llc ·
National Petroleum Services Company (Ksc), Kuwait ·
National Kidney Foundation - Nkf, Singapore ·
Nile Projects and Trading Co Llc ·
Pae Government Services - Usa (Un Projects) ·
Pan Emirates Engineering Limited - Uae ·
Petro Consult Srl - Romania ·
Petro Vietnam - Vietnam ·
Pm Coast Supply and Engineering Pte Limited - Singapore ·
Posicap Oy, Finland ·
Profab Fabrication, Uae ·
Pvfcco - Fhu My - Vietnam ·
Optimal Group Of Comanies(Petronas)., Malaysia · Qatar
General Petroleum Corporation (Qgpc) - Qatar · Quality
Group - Tanzania · Quyn
International Outsourcing (Pty) Limited. S. Africa · Reef
Industrial Painters (Pty) Limited, South Africa · Relaince
Electro-Mechanical Company Llc., Dubai · Sayed
Ahmed Behbehani and Sons Company, W.L.L., Kuwait · Snc
Lavalin Pae Inc - (Supporting Staff For Canadian Armforces) · Societe
Egyptienne D'enterprises (Sede) · Southern
Energy, Inc - Usa · Sos
Ashai, Qatar · Specialized
Oil Services W.L.L., Qatar · Sri
Cempaka Schools. Malaysia · Tco
- Erss, Kazahkistan · Trade
Concern Uk Limited - Uk · Transglobal
Energy Inc - Us · Usa
- International Traning, Usa ·
V - Kool International ·
Verger Et Delporte U.A.E. Limited., Uae ·
Velosi (M) Sdn. Bhd., Malaysia ·
Vertual Recruitment Limited - Uk (Rail Staff Recruitment
For Uk) · Wimpy
International Limited - Uae / Oman · Wmcps
Limited (A Shaik Group) United Kingdom · Zakum
Development Company, Uae |
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No. of Employees : |
20 |
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Bankers : |
·
ICICI Bank
Limited Rajouri Garden
Branch, New Delhi 110 026 ·
ABN Amro Bank Punjab Bagh, New
Delhi 110 026 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s Devinder
Jagmohan & Company Chartered
Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.000 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.2.000 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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25.000 |
Expected Sales (2008-09) : Rs.30.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
· Hyundai Engineering – Korea
· Aseel Construction Service Limited - UAE
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
INTERNATIONAL MANPOWER RESOURSES |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AAEBP7701K |
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Name of Bank |
ICICI Bank |
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Credibility Factors |
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IndiaMART Client Since |
2 Years |
WEB DETAILS ATTACHED
The Concern was
established in 1991 by Mr. Harish Batra, Proprietor/CEO and engaged in the
business of Manpower Recruitment and specialised in providing Technical Staff, Engineering
and non Engineering including civil construction manpower.
In 1998 the
proprietor has floated another Concern in the name of International Manpower
Resources Private Limited and they are providing manpower supply, recruitment,
Selection and consultancy services.
The Concern provide
Manpower and Recruitment services to its clients and Middle East, USA,
Malaysia, Kazakhstan, Italy, Lebanon, Singapore, Canada, UK. The Concern can
provide manpower services globally. They are identifying qualified technical
and non technical candidates and conducting various tests and interview. They
are also facilitating Visa and Coordinate with government agencies.
Filed of
Recruitment
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Teaching
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Project
Management
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Engineer
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Technical
Staff
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Hospitality
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Office Staff
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IT
Professionals
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Health Care
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Construction
and Technical Staff
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Medical and
Para Medical Staff
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Hotel Staff
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Accounts and
Administrative Staff
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IT
Professionals
State of Affairs of
the subject – Established in 1991 the subject is engaged in the business of
providing Technical Staff, Engineering and Non Engineering including civil
Construction manpower. The recruitesment /
skill test / written tests are being conducted through professionals and
they have also appointed one psychologist to analyse the individual
capabilities.
Subject is a professional HR, recruitment, selection,
outsourcing and manpower sourcing Concern and provides the all type of category
like manager, engineers, accountants, supervisors, technicians (i.e. mechanics,
drivers, operators, welders, fabricators, plumber, electricians, carpenters,
riggers, scaffloders, masons, helpers etc.), skilled, semiskilled and unskilled
workforces from India to different industries for their projects in the Middle
East, Far East, European and American Continents.
IMR has a flexible approach and can work to specific
requirements of particular projects / clients can also from and provide a
complete team of workers and specialists, who can carry out common or specific
tasks independently. IMR has a flexible approach and can work to specific
requirements of particular projects / clients can also from and provide a
complete team of workers and specialists, who can carry out common or specific
tasks independently.
Their dedication to customer satisfaction has brought them to
the forefront in resourcing business. Being the best is not easy, you are
always being watched by the market critics. They stay ahead of competition by
their diligence and their devotion to service. Better quality of service and
price competitiveness has helped them to stay in a commanding position.
The areas they
specialize in are Information Technology, Oil/Gas (Onshore/Offshore),
Construction, Engineering, Marine, Catering, Health care, Computer (Hardware /
Software). The fact that they have a network of offices in India, enables them
to obtain personnel from specific areas in the country such as Construction
workers from Punjab and Rajasthan, Oil and Gas professional from South India,
Structural Workers from Baroda / Jamshedpur, Engineers and Technicians from
Bangalore, Administrative staff from madras and Kerala and so on.
They lay emphasis on the individual solutions, which are
mutually beneficial by matching right people with the right job thus providing
a unique service to the industry. They take great care in properly identifying
qualified, trained and experienced personnel for contractual or permanent
employment. It is the quality of the professionals hired by the Concern, which
ensures the winning edge over others in today’s highly competitive business
world. The belief, which keeps them going, is that “there is always room at the
top.”
The experience of the past decade has made IMR emerge as an
agency specialized in Technical Staffing. Besides placement of staff, they also
offer consultancy service and assistance with Tenders, Salary Quotations,
Charge rates, staff requirement and so on.
Their Clientele are associated with Petrochemicals, Power,
Offshore, Oil and Gas Industries, Heavy construction, maintenance, Hospitality,
Healthcare and Information Technology business. IMR has also undertaken
placement of Managers, Engineers, IT Professionals, Supervisors and Articians
in various fields.
AREA OF OPERATIONS
Project and Plant Services
Subject provides Manager, Superintendents, Engineers and Technical for power
generation projects, Environmental, LNG, Petrochemical, Processes and Refinery
projects. The Idea is to provide their client with manpower at very competitive
prices who have the competence to perform Design, Engineering, Procurement,
Construction, Startup and Operation and Maintenance of Power and Hydrocarbon
Facilities etc.
IMR manpower services will include providing: -
- Managers
(Project, Mechanical, Electrical, Piping, Fabrications etc.)
- Superintendents
(Project, Mechanical, Electrical, Piping, Fabrications etc.)
- Design
Engineers (Mechanical (Rotating / Static Equipments), Piping, Electrical,
Civil, Instrumentation etc.
- Planners/Schedulers
- DCS/IandC
Engineers
- Gas/Steam
Turbine TA's
- Contracts/Cost/Project
Controls
- QA/QC/ Site
Managers-Engineers
- Instrumentation
Engineer
- Commissioning/Startup
Managers
- Boiler/Plant/Environmental
Managers- Engineers
- Control Room
Operator
- Civil/Structural-Engineers
- Mechanical/Electrical
Designers
- Piping Superintendents-Engineers
- SCR/Nox/Scrubber
Specialists.
- Upstream
Professionals (Reservoir / Petroleum, Drilling, Well Petrol Geophysicists,
Production etc)
Any other categories associated with the Power generation,
Hydrocarbon Industry, Petrochemical Industry, can be provided at short notice.
Oil
and Gas
The
Professionalism and Performance of the Oil and Gas and Petrochemical Industries
demands international respect as they continue to set the standards for world's
best practice.
IMR
has been involved in Oil and Gas projects. Personnel have been provided for
Feasibility Studies, Design, Construction, Installation, and Commissioning and
on going maintenance. Their experience covers onshore and offshore projects in
the Middle East, Far East, South East Asia, East Europe, and North and South
America.
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Contract Administrator |
Operational Managers |
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Process Engineers |
Pipeline Personnel |
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DCS Operators |
Procurement |
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Cost Controllers |
Project Engineers all
disciplines |
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Design Engineers - all disciplines |
Planners and Schedulers |
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Drilling Personnel |
Safety Personnel |
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Off shore staff |
Technicians |
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Draftsmen -all disciplines |
Sub sea Specialists |
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Field Support Personnel |
Construction Staff |
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Supervisors |
Maintenance Personnel |
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Inspectors |
Operational Personnel |
» Manpower Supply (India and Abroad)
- Oil and Gas
Sector
- Offshore
Projects
- Refineries
and Shutdown Projects
- Operation and
Maintenance
- Petrochemical
and Refineries Projects
- Power and
Desalination
- Heavy Engineering
and Fabrication Projects
- Highways,
Airports and Seaports
- Expressways,
Tunnel and Bridges
- Hospitality
and Healthcare
- Telecommunications
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 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.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
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