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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KANTIAN GRAM UDYOG SAMITI (REGD.) |
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Registered
Office : |
521-D, Back Side Industrial Area, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
1997 |
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Com. Reg. No.: |
911(1997-98) |
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Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions (Estimated) |
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IEC No.: |
3003009168 |
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TIN No.: |
03691064200 |
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PAN No.: [Permanent Account No.] |
AAATT4094M |
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Legal Form : |
Co-operative Society |
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Line of Business
: |
Manufacturer, Exporter and Supplier of Aromatic Chemicals, Compounds
and Fragrance. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 8000 |
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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 an established co-operative society having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The society can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Joginder Singh |
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Designation : |
President |
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Contact No.: |
91-9356413822 |
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Date : |
02.05.2012 |
LOCATIONS
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Registered Office/ Factory : |
521-D, Back Side Industrial Area, |
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Tel. No.: |
91-1882-250793/ 503477 |
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Mobile No.: |
91-9356413822 (Mr. Joginder Singh) 91-9417167622 (Mr. Parminder Singh) |
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Fax No.: |
91-1882-503477 |
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E-Mail : |
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Branch: |
Village Kantian, P.O. Bhikhowal, Hoshiarpur – 146001, |
MANAGEMENT
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Name : |
Mr. Joginder Singh |
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Designation : |
President |
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Address : |
Hoshiarpur – 146001, |
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Name : |
Mr. Parminder Singh |
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Designation : |
Secretary |
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Address : |
Hoshiarpur – 146001, |
There are 11 More Members (Name not Divulged)
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of Aromatic Chemicals, Compounds
and Fragrance. |
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Products : |
·
Natural Fragrance ·
Dipentene-Hydrocarbon ·
Terpineol, Rose Water ·
Rosin ·
White Phenyl Concentrate ·
Pine Oil ·
Dd Turpentine Oil |
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Exports : |
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Products : |
·
Natural Fragrance ·
Dipentene-Hydrocarbon ·
Terpineol, Rose Water ·
Rosin ·
White Phenyl Concentrate ·
Pine Oil ·
Dd Turpentine Oil |
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Countries : |
Asian Countries |
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Imports : |
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Products : |
·
Natural Fragrance ·
Dipentene-Hydrocarbon ·
Terpineol, Rose Water ·
Rosin ·
White Phenyl Concentrate ·
Pine Oil ·
Dd Turpentine Oil |
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Countries : |
All over the world |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Indian Overseas Bank, Hoshiarpur – 146001, Punjab, India |
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Banking
Relations : |
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Auditors : |
Not Available |
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Sister Concern : |
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CAPITAL STRUCTURE
As on: 31.03.2012
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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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31.03.2012 |
31.03.2011 |
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Sales Turnover (Approximately) |
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15.000 |
12.500 |
The above information has been parted by Mr. Joginder Singh
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
No |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
No |
AS PER WEBSITE DETAILS:
PROFILE
Offering best quality Terpineols, Pine Oil, Rosin, Estergum, Varnishes,
Dipentene, DD Turpentine Oil, etc....
Subject is a reputed manufacturer and supplier
of Terpineols, Pine Oil, Dipentene, DD Turpentine Oil, Longifolene Acetate,
Terpinyl Acetate, Ketone, Rosin, Varnishes and Rosin Derivatives like:-
Estergum, Penta Estergum, Maleic Resins and Metalic Resins, etc. There products
find wide application in the Pharmaceutical, Textile, Perfume, Toiletry, Paints
and Paper Industries. Many of our clients comprise of prominent names from the
Textile and Toiletry Industry.
With flexible manufacturing processes and the
backing of a Technically Skilled Staff, they are able to offer highly
specialized products for there customers. Strict quality supervision is maintained
to bring effective, safe and reliable products into the market. For this, they
ensure usage of the best quality raw materials which are imported from reputed
vendors across the Globe.
They also supply there products as per the
customer's specifications, apart from our regular range of popular products.
They are a member of The Fragrances and Flavours Association of India (FAFAI).
High focus on production activities has enabled us to achieve a high sales
turnover last fiscal. They believe in continuously investing in innovative
technology and faster production mechanism. In the coming future, we aim to
venture into more lucrative markets of Flavours and Fragrances.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.56.29 |
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|
1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
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 |
YES |
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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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
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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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.