We are the first factoring Company in India to secure ISO 9001:2000 Certificate by TUV (A German Agency) for having "established and applied a Quality Management System for PROVIDING FACTORING SERVICES".
	Our Company has been RATED BY CRISIL for Public Deposit, and other type of Borrowings. The rating awarded by them and the press release is given as under :
	P R E S S   R E L E A S E
	Canbank Factors Limited
	Rs. 250 Million Non-Convertible Debenture Programme AA Rs. 500 Million short-term Debt Programme PI+ Fixed Deposit Programme FAA+
	The assigned ratings reflect Canbank Factors Limited's (CBF) strong market position in the domestic factoring business and its comfortable earnings profile. While the inherent vulnerability of its asset portfolio (on account of the dominant exposure to small and medium enterprises) moderates CBF's credit profile, the company's demonstrated ability to maintain low delinquency levels is a key factor supporting the rating. The rating also reflects the strengths that CBF derives from its majority ownership by Canara Bank.
	Established in 1991, CBF WAS PROMOTED BY Canara Bank(70% shareholding), Small Industries Development Bank of India ( 20% ) and Andhra Bank (10%).Its the largest player in the domestic factoring market with a share of about 55%. As at March 2002, the funds deployed in business, that is the funds in use stood at Rs.1764.6 million, registering a 12% growth over the previous year. The company reported a turnover of Rs. 10260 million and a profit after tax of Rs. 72.5 million in 2001-02.