Administration Manual - B.E.S.T. Undertaking.

1161
As approved by the G.M. on 19.12.2000, investment under 25% CGS Category is to be
made by closing the deal on line with the broker who offers highest yield. The decision was
taken from the view point of volatility of market specifically in case of CGS. It was observed
in the past that due to wide fluctuation in the market, broker could not hold the security as
per the offer submitted by them as a result many times P.F.Trust had to invest funds under
this category at lower yield. Steps involved are as under :-
(i) The required amount will be made available in our Current A/c with Indian Bank,
Fort Branch or HDFC Bank where we have SGL A/c.
(ii) A committee consisting of AGM(A), CAO & FA and Supdt.Cash will be present at the
time of inviting such quotes.
(iii) The quotes are invited on phone and the best available rate will be accepted after
discussion in the Committee and the deal will be closed on line with the seller.
(iv) Post-facto sanction of G.M. is obtained for every such transactions.
RATING SYMBOLS AND THEIR INTERPRETATION :
CRISIL ICRA CARE INTERPRETATION
FAAA MAAA AAA HIGHEST SAFETY
FAA MAA AA HIGH SAFETY
FA MA A ADEQUATE
SAFETY
BBB MODERATE
SAFETY
FB MB BB INADEQUATE
SAFETY
FC MC B RISK PRONE
C SUBSTANTIAL RISK
FD MD D DEFAULT
NOTE : Signs of (+) or (-) used after the rating symbol, indicate the comparative
position of the company within the group covered by the symbol.