MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ISHAAN AUTOMATIONS |
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Registered Office : |
Pepsi Godown Street, Opp Hindustan Tyre, Kanganwal Road, P O Jugiana,
Ludhiana – 141 120, Punjab |
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Country : |
India. |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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IEC No.: |
3003014609 |
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PAN No.: [Permanent
Account No.] |
ADTPS7228Q |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Marketing of Hydraulic Presses, Lathes, Turners and Tracers. |
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 2500 |
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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 marketing concern. Trade relations are
fair. Payments are usually correct and as per commitment. 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. Vipin Sharma |
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Designation : |
Proprietor |
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Contact No.: |
91-9417291622 |
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Date : |
06.09.2008 |
LOCATIONS
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Registered Office : |
Pepsi Godown Street, Opp Hindustan Tyre, Kanganwal Road, P O Jugiana,
Ludhiana – 141 120, Punjab, India. |
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Tel. No.: |
91-161-2512711/3250009 |
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Mobile No.: |
91-9417291622 |
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Fax No.: |
91-161-2547711 |
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E-Mail : |
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Website : |
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Area : |
250 sq mt |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Vipin Sharma |
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Designation : |
Proprietor |
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Address : |
Ludhiana |
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Date of Birth/Age : |
41 Years |
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Qualification : |
Mech. Engg |
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Experience : |
16 Years |
BUSINESS DETAILS
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Line of Business : |
Marketing of Hydraulic Presses, Lathes, Turners and Tracers. |
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Brand Names : |
Marketing of Hydraulic Presses, Lathes, Turners and Tracers |
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Exports : |
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Products : |
Hydraulic Lathes and Machines |
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Countries : |
USA, Germany, Poland, Thailand, China, Iraq |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
5 |
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Bankers : |
State Bank of India, Miller Ganj, Ludhiana |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S.P.S and Company Chartered Accountant |
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Address : |
Ludhiana |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 Million |
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Borrowed : |
-- |
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Total : |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARISED RESULTS
(Balance Sheet)
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Proprietor’s
Capital |
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0.500 |
0.410 |
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Fixed Assets [Net
Block] |
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3.200 |
3.910 |
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Current Assets,
Loans & Advances |
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Inventories |
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3.250 |
2.200 |
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Cash & Bank Balances |
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0.346 |
0.210 |
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Current
Liabilities & Provisions |
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Current Liabilities |
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6.610 |
6.680 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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5.000 |
4.500 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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5.000 |
4.500 |
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Profit/(Loss) Before Tax |
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0.505 |
0.459 |
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Provision for Taxation |
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-- |
-- |
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Profit/(Loss) After Tax |
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0.505 |
0.459 |
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Total Expenditure |
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4.495 |
4.041 |
KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
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10.1 |
10.2 |
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Net Profit Margin (PBT/Sales) |
(%) |
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10.1 |
10.2 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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7.43 |
7.26 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
Ishaan Automation |
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Address |
Pepsi Godown Street, Opp Hindustan Tyre, Kanganwal Road, P O Jugiana,
Ludhiana – 141 120, Punjab, India. |
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Phone/ Mobile Numbers |
91-161-2512711/3250009, 91-9417291622 |
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Fax Numbers |
91-161-2547711 |
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Electricity Bill |
Electricity Bill is in name of Company |
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Statutory Approvals |
Proprietorship Company |
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Legal Status of Firm |
Mr. Vipin Sharma Aged 41 Years |
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Income Tax Registration |
ADTPS7228Q |
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Central Sales Tax Registration |
46764611 |
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VAT/ TIN Registration |
3451029897 |
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Import Export Code |
3003014609 |
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Name of Bank |
State Bank of India, Miller Ganj, Ludhiana |
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RBI Code Number |
ADTPS7228Q |
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Credibility Factors |
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IndiaMART Client Since |
New Member |
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Years of Establishment |
1997 |
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Trade Affiliations |
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Govt. Recognised Export House Status |
Export Promotion Council |
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Standards & Certifications |
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Quality Management Systems |
Yes maintaining full quality control as per |
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Safety Certificates |
Yes maintaining full quality control as per |
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.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.74 |
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 |
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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