MIRA
INFORM REPORT
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Report Date : |
04.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARYA VAIDYA SALA |
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Registered Office : |
Kottakkal, District Malapuram
- 6765093, Kerala |
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Country : |
India |
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Date of Incorporation : |
1902 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHNA00059D |
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Legal Form : |
Charitable Institute (Trust) |
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Line of Business : |
Services provider of practise and propagation of ayurveda and also offers
classical ayurvedic medicines and authentic ayurvedic treatments and
therapies to patients all over India and Abroad. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a +100 years old charitable institute. Trade relations are
fair. Fundamentals are strong and healthy. Payments are reported as usually
correct and as per commitments. The institute can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Kottakkal, District Malapuram
- 6765093, Kerala, India |
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Tel. No.: |
91-483-2742216/17/18/19 |
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Fax No.: |
91-483-2742210/2742572 |
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E-Mail : |
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Website : |
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Branch Office : |
Mumbai 109, Tej Gaurav Building, Telang Roaf, Mattunga East, Mumbai – 400019, Maharashtra Tel : 91-22 - 24016879 Email : avsho@sancharnet.in
AH and RC ,
DELHI Kottakkal, 18x 19x, Karkarooma Institutional Area, Delhi – 110092, India Tel : 91-11 22376534-37 Email : ahrcdelhi@aryavaidyasala.com AH and RC ,
KOCHI Santhigiri Ashram Complex, Pookkattupadi, 11/488, Edathala North, Alluva Ernakulam, Kerla – 683564 Tel : 91 484 6450125 Email : ahrckochi@aryavaidyasala.com ALUVA Lourdhe Centre, Alluva Eranakulam – 683101, Kerla Tel : 91-484-2623549 Email : avsho@sancharnet.in
BANGALORE 37/3 , Krishna Kuteera, T Mariappa Road, II Block, 10th
Main Road, Jayanagar, Bangalore – 560011, Karnataka Tel : 91-80-26572956 Email: avsho@sancharnet.in KOTTAKKAL Compound Room Kottakkal, Malappuram Kerala – 676503 Tel : 91-483-2742216 Email : avsho@sancharnet.in CHENNAI 196, E.V.R. Peryar Salai, Opp Nehru Park, Poonamalli High Roag,
Chennai - 600084, Tamil Nadu, India Tel : 91-44-26411226 Email: avsho@sancharnet.in COIMBATORE 320. Dr. Rajendra Prasad Road, (100 FEET ROAD) Tatabad, Coimbatore –
641012, Tamilnadu, India Tel : 91-422-2491594 Email: avsho@sancharnet.in ERNAKULAM M.G Road, Ernakulam- 682016,
Kerla Tel : 91-484-2375674 Email : avsho@sancharnet.in KANNUR Pillayar Kovil Road Kannur Kerla-670001 Tel : 91-497-2761164 Email avsho@sancharnet.in KOLKATHA Bajranga Bymgar 199, Sarat Bose Road, Kolkata – 700029, West
Bengal Tel : 91-33- 24630661 Email : avsho@sancharnet.in KOTTAKKAL Kottakkal, Malappuram - 676503 , Kerla Tel : 91-483-2743380 Email : avsho@sancharnet.in KOTTAYAM IV/21, Madukkani Centre Kanhikkuzhi Junction P O Muttambalam Kottayam
Kerala - 686004 Tel : 91-481-2574817 Email : avsho@sancharnet.in KOZHIKODE Kallai Road, Kozhikode Kerala -
673002 Tel : 91-495-2302666 Email: avsho@sancharnet.in MADURAI Vanitha Beehive 114, Vakkil New Street, Simmakkal Madurai, Tamil Nadiu
- 625001 Tel : 91-452-2623123 Email : avsho@sancharnet.in |
MANAGING TRUSTEE
|
Name : |
Dr. P. K. Warrier |
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Designation : |
Managing Trustee and Chief Physician |
BUSINESS DETAILS
|
Line of Business : |
Services provider of practise and propagation of ayurveda and also
offers classical ayurvedic medicines and authentic ayurvedic treatments and
therapies to patients all over India and Abroad. |
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Products : |
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GENERAL
INFORMATION
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Bankers : |
Not Available |
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Auditors : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Profile:
Subject is a century old Charitable Institution engaged in the
practice and propagation of Ayurveda, the ancient health care system of India.
Subject offers classical Ayurvedic medicines and authentic Ayurvedic treatments
and therapies to patients from all over India and abroad.
Subject was established at Kottakkal in Kerala State of India in 1902 by the
visionary physician and philanthropist, the late Vaidyaratnam P.S. Varier.
Started essentially as a village clinic, it has now grown into a multi-unit,
multi-disciplinary and multi-crore organisations. It has operations in
different areas of Ayurvedic practice.
Subject manages Ayurvedic Hospitals at Kottakkal, Delhi and Kochi. All
classical Ayurvedic medicines, therapies and expert medical advice are
available there. Subject has two modern medicine manufacturing units, has well
equipped quality control labs, has full-fledged research activities, publishes
Ayurvedic periodicals and books, cultivates medicinal plants and conducts
educational programmes. AVS also runs a Kathakali academy where the classical
theatre of Kathakali is taught and performed.
The Beginning:
Sri P. S. Varier, scion of an illustrious family of
Kottakkal in the Malabar region of Kerala, was an extraordinary man. He was a
multi-faceted personality: a renowned Ayurvedic scholar and academician, an
able practitioner; a successful entrepreneur, and a genuine philanthropist...
all at the same time!
Sri Varier studied Ayurveda under the classical Gurukula system. He also
acquired proficiency in the practice of Allopathy.
In late 1902, Sri Varier founded the subject, Kottakkal, for the preparation of
authentic Ayurvedic medicines.
The rest is history. Today, Kottakkal subject is a name
synonymous with Ayurveda. A name that offers a new lease of life to the
suffering humanity.
Recognition:
In 1933, in recognition of his valuable services to humanity, Sri P. S. Varier
was conferred the distinguished title of 'Vaidyaratna' by His Excellency the
Viceroy and Governor General of India.
Sri Varier wrote text books of students of Ayurved. One of
them, Ashtangasariram, won a certificate in 1932 from the National Organisation
of Physicians.
First
Managing Trustee:
Founder in his will had named the members of the board to
administer siubject after his demise. Accordingly his nephew Aryavaidyan P.
Madhava Varier became the first Managing Trustee in 1944. He was in office till
he passed away in a tragic aircrash in 1953. He initiated the process of
modernizing of subject and laid down the foundation for many later developments
including the nursing home.
Present Managing
Trustee
Dr. P. K. Warrier
Managing
Trustee and Chief Physician
Aryavaidyan P.K. Warrier became the Managing Trustee on the
demise of his brother P.M. Varier. He is leading Subject for more than half a century.
Dr. P.K. Warrier serves also as the Chief Physician ably assisted by other
senior and experienced physicians. Under his leadership subject has grown into
a multi-core, multi-unit, organization and has been recognized as the premier
centre of Ayurveda in the country. Subject became the destination of ailing
patients, rich and poor alike, students and scholars from India and abroad. He
made Kottakkal the synonym of authentic ayurveda.
P.K. Warrier made his imprints as an able administrator, educationist and academician and above all a physician of international repute. Dr. Warrier is the person most sought after in national and international conferences. His most important works are Padamudrakal – a collection of scientific papers and Smrtiparvam, his autobiography.
Honours
/ awards
Dr. P.K. Warrier, a fellow of Academy of Indian Medicine, is
the recipient of many honours in the national and international level.
- The All India
Ayurvedic conference gave him the title of Ayurveda Maharshi in 1997.
- The President
of India bestowed on him the title of ‘Padmashri’ at Rashtrapatibhavan on
23.3.99.
- Rotary Club
of Calicut gave him ‘For the Sake of Honour’ award in 1999.
- The Calicut
University conferred on him honorary degree of D.Litt. on 22.05.99.
- Chilla
Pratibha Puraskar was presented to him on 16.1.2000 by the Hon’ble
Governor of Tamilnadu.
- The reputed
Bhoopalan Singh Karki special honour was awarded to him at a glittering
function held at Kathmandu, Nepal on 15.5.2000.
- He has been
nominated for ‘the pioneers of health in 2000’ award by the SAAOL Health
and Research Foundation, New Delhi.
- The Academy
of Ayurveda, Vijayawada conferred on him the ‘Millennium Gold Medal’.
- He is also
the recipient of the Dhanwantari Award instituted by the Dhanwantari
Foundation, Mumbai for outstanding medical men. This was presented to him
on 4.11.2001.
- Dr. Poulose
Mar Gregorios Award was awarded to him by the Rashtrapati in New Delhi on
27.11.2001.
- The first
Adisamman Puraskar instituted by the Academy of Ayurvedic Doctors in India
was awarded to him in Calcutta on 29.11.2001.
- The Kerala
Management Association conferred on him the Management Leadership Award
for the year 2002.
- Pandit Shiv
Sharma Oration Award was presented to him in Delhi on 13.2.03 by Indian Association
for the Study of Traditional Asian Medicine.
- The Ernakulam
Press Club honoured him by presenting
- PS John
Memorial Endowment Award in April 2003.
- The National
Association for Science and Arts (N.A.S.A.), Thiruvananthapuram, conferred
on him The Sevanaratnam Award 2003 in June, 2003.
- Patanjali
Puraskaram instituted by the Ayurvedic Medicine Manufactures Organization
was presented to him on 11.07.203.
- Dr. C.P.
Menon Memorial Award was awarded to him for his book Padamudrakal on
20.09.2003.
- C. Achutha
Menon Award was presented to him in Trissur by Achutha Menon Society for
Human Action on 16.08.2004.
- Jamia Hamdard
Deemed University, New Delhi conferred on him degree of D.Sc. (Honoris
Cauisa) on 14.01.2005.
Positions
held / holding
- Project Officer,
Clinical Research Unit (CCRAS) at Kottakkal.
- Member,
Governing Body and Executive Committee of the Kerala Ayurvedic Studies and
Research Society, Kottakkal.
- Member,
Ayurveda Advisory Committee and Committee on Drugs Control, under the
Government of Kerala.
- Member, Task
Force on Ayurveda and Homeopathy under the State Planning Board and Kerala
Bio-diversity Committee.
- Member,
Commission on WTO concerns in Agriculture constituted by Govt. of Kerala.
- Member,
Kerala State Management Association, All India Management Association,
etc.
- Member of the
Panel of Ayurvedic and Other Systems of Medicine, constituted by the
Government of India.
- President of
All India Ayurvedic Congress.
- President,
Kerala Ayurveda Mandalam.
- Member of the
Central Council of Indian Medicine, Central Council for Research in
Ayurveda and Siddha.
- Pharmacopoeia
Committee member.
- Member,
Scientific Advisory Committee under CCRAS.
- Member,
Ayurvedic Pharmacopoeia Committee.
- Member,
Ayurveda, Siddha and Unani Drugs Technical Advisory Board under Govt. of
India.
- Member of the
National Academy of Ayurveda, New Delhi.
- Member,
Standing Committee for Health, Sewerage and Water Supply and Nutrition
under the State Planning Board.
- Vice
President of IASTAM (International Association for the Study of
Traditional Asian Medicine).
- Dean, Faculty
of Ayurveda and Chairman, Board of Studies in Ayurveda for the University
of Calicut twice.
- Member,
Travancore-Cochin Medical Council.
Kottakkal Arya Vaidya Sala – An Overview
- Founded in 1902 by the Late Vaidyaratnam P.S. Varier at Kottakkal
in Malappuram district of Kerala State.
- The nearest Railway stations in TIRUR (Malappuram Dist), on the
Chennai-Mangalore railway line, at a distance of 16 k.m.
- Kozhikode is the nearest airport at a distance of 28 km.
- Kottakkal is situated at a distance of about 165 km from Kochi, 160
km from Combatore and 48 km from Calicut (Kozhikode) by road.
- A Charitable Trust of Public nature having two production units,
one at Kottakkal, Malappuram Dist and another at Kanjikode, Palakkad
district for the manufacture of about 500 genuine ayurvedic medicines.
- Their Ayurvedic Hospital and Research Centre at Kottakkal has 160
rooms with necessary amenities.
- Provide Panchakarma and other Kerala special treatments under the
guidance of expert ayurvedic physicians. These treatments are found
effective for various ailments like Paralysis, Arthritis, Spondylosis etc.
- They also have a charitable hospital where deserving poor patients
are given ayurvedic and allopathic treatments, medicines, accommodation
and food free of cost.
- Hospitals at other locations across the country other than
Kottakkal to provide ayurvedic treatment, to patients from northern parts
of India as well as abroad.
- Branches at New Delhi, Kolkata, Mumbai, Secunderabad, Chennai,
Coimbatore, Madurai, Trivandrum, Kottayam, Ernakulam(Kochi), Aluva,
Calicut, Kannur, Palakkad and Tirur. They also have over 900 authorised
dealer networks for the sale of their ayurvedic medicines.
- The Late Vaidyaratnam P.S. Varier founded an Ayurveda Pathasala in
1917 for effective propagation of the system of Ayurveda. This Pathasala
later became the Vaidyaratnam P.S. Varier Ayurveda College affiliated to
Calicut University. The college has Degree and Post Graduate Degree
courses in Ayurveda. Provide financial support to the college as per the
provisions of the “WILL” of the founder.
- Undertaken the task of planned cultivation of medicinal plants in
our various herbal gardens as part of a project of conservation and
sustainable use of medicinal plants.
- The Research and Development Department of the institution is
actively engaged in research work for modernization of production and
quality control of ayurvedic drugs. An Ongoing Research Programme with
CSIR-DST-IICT (Govt. of India) is intended to evolve modern standards for
materials, processes and products.
- They have a separate department for the publication of various
books on ayurveda and medicinal plants. A Quarterly medical journal “Arya
Vaidyan” is published by us.
- Their founder, the late Vaidyaratnam P.S.Varier, a connoisseur of
arts, founded a dramatic troupe which was later converted to the famous
Kathakali troupe, P.S.V. Natyasangham. This troupe has eminent artistes
who stage Kathakali performances in India and abroad.
Medicines:
There is a variety of Ayurvedic medicines. Subject manufactures more than 530 classical formulations
Their manufacture and marketing are licensed by the Drug Controlling Authority of the State Government. The manufacturing activity is also granted GMP certification by the Government.
The principles and methodology of medicine preparation are based on classical tenets. However modern technological and industrial methods are adapted to possible extent. For example, basic cooking is now done in pharmaceutical grade stainless steel vessels by using steam as the source of heat. Vacuum evaporation is employed for concentration step. Several electro-mechanical equipments are used for size reduction of herbs, pulverisation, sifting, grinding, filling and packing, etc.
On an average, 20-30 herbs are used in the preparation of a medicine. There are rare instances when more than a hundred herbs go into the making of a medicine. There are others which take months to get prepared as a lot. Ayurvedic medicine manufacture is material-intensive, time-intensive, labour-intensive and also water-intensive. They form the main cost contributory factors.
Subject uses more than 4000 tons of raw material (about 600 items) in a year to produce 530 formulations for the market. A rough estimate of annual consumption by subject:
|
1. |
Milk |
- 13 lakh litre |
|
2. |
Oil |
- 5 lakh litre |
|
3. |
Ghee |
- 180 ton |
|
4. |
Honey |
- 290 ton |
|
5. |
Jaggery |
- 750 ton |
|
6. |
Saffron |
- 856 kg |
|
7. |
Cardamom |
- 14 ton |
|
8. |
Tippali |
- 30 ton |
|
9. |
Ativitayam |
- 12 ton |
|
10. |
Kurumtotti |
- 480 ton |
Quantum of total
production
Solid formulations - 700 ton
Fluid formulations - 3.100 Millions litre
Total number - 530 items
These formulations are made available to patients and doctors through a network of 22 branches and more than 1200 authorised dealerships spread all over the country.
Example:
- Bitter tasting liquid kashayam into the
more convenient form of tablet.
- Incinerated Bhasmam into more reliable
and accurate dosage form of capsule.
- Messy and greasy tailam into more
convenient and less greasy form of gel.
All these
modifications are attempted only after confirming about retaining the original
quality of the traditional medicines by conducting a series of formulation and
clinical studies.
Hospitals:
Ayurvedic Hospital and Research Centre,
(Kottakkal) Kerala, India - 676 503,
Telephone: 91 - 483 -
2742216, 17, 18, 19
Fax
: 91 - 483 - 2742210, 2742572
E-mail :
mail@aryavaidyasala.com
Ayurvedic Hospital and Research Centre, (Delhi)
18x, 19x, Karkardooma Institutional Area Delhi - 110 092
Telephone: 011 22376534-37.
Fax :
011 22376534
E-mail : ahrcdelhi@aryavaidyasala.com
Vaidyaratnam P S Varier's Kottakkal Arya Vaidya Sala (Kochi)
Ayurvedic Hospital & Research
Centre Santhigiri Ashram Complex
Pookkatpadi, 11/488, Edathala North Aluva - 683 564, Ernakulam Dist,
Kerala.
Phone : +91 484 6450125
Email : ahrckochi@aryavaidyasala.com
Superintendent Ayurvedic
Hospital & Research Centre
Bagirhat Pole, P.S. Bishnupur (Near Joka)
South 24 Parganas (Opposite Boroline Factory), ‘West Bengal ‘
Telephone: 91 - 33-24809506’
Fax No. 91 - 33-24809505
E-mail: ahrckolkatta@aryavaidyasala.com
Charitable Hospital,
Vaidyaratnam P. S. Varier's
, Kottakkal, Kerala, India -
676 503,
Telephone: 91 - 483 - 2742212,
Fax : 91 - 483 - 2742210, 2742572
E-mail : mail@aryavaidyasala.com
Dealer:
Achanambalam
Kp Ii 429 - C11-335 -2 ,S.M.G.Bank Building, Achanambalam,
Kannamangalam (Po) , Vengara (Via), Malappuram, Kerala,
Tel : 91-494 3206075, 9495452136
Adakkaputhur
No:Viii/Ii, Kulakkad (P.O), Cherpalssery (Via), Palakkad,
Kerala - 679503,
Tel : 91-466-2285844.
Adayar
No.11, Kalpana Appartments, Venkiteswara Nagar,
Adayar, Adayar,
Chennai, Tamil Nadu, 600020,
Adimali
Building No X-123, Adimaly (Po), Kothamangalam (Via),
Idukki, Kerala, 685561,
Tel : 04864-222463.
Adoor
No:Xix/302,Near Private Bus Stand, Adoor(Po),
Pathanamthitta, Kerala, 691523,
Tel: 04734-224007.
Adoor
Central
No:Xvii/444, Adoor Central, Adoor (Po), Pathanamthitta,
Kerala, 691523,
Tel : 04734-240711.
Agarthala
Rajadhanai Market, Room No.17, Agarthala P.O, Battala,
West Tripura, Agartala, Tripura, 799001,
Tel : 0381-2220913.
Agnes
- Naturlig Skonhetsvard
Och Ayurveda Behandlingar, C/O Anneli Berggren,
121 55 Johanneshov, Agnes - Naturlig Skonhetsvard,
Sweden, Janindia@Hotmail.Com,
Ahalia
Money Exchange Company Private Limited
5th Floor, Trichur Trade Center, Kuruppam Road,
Ahalia
Money Exchange Company Private Limited
Thrissur, Kerala, 680001,
Tel : 0487-2428917.
Ahamadabad,Naranpura
M.4/78,Shop No:67, Shastri Nagar Shopping Centre,Naranpura,
Ahamadabad,
Naranpura,
Ahmedabad, Gujarat, 380063, India
Tel : 079-27410699.
Ahmednagar
Sidhivinayaka Distributors, 652,Ganesh Clinic,Dr. Parakh
Building,
Takur Lane, Tophkhana, Ahmednagar, Maharashtra, 414001,
Tel : 0241-2321324.
Aikarapadi
- Kaithakunda
Building No.C 457, Aikarapadi, Via: Kondotty, Malappuram,
Kerala, 673637,
Tel : 0483-2791447.
Email : Kousthubham@Eth.Net
Airoli,
Navi Mumbai
Plot No S - 231, Opp. Durga Matha Mandir, Sector - 4,
Airoli,
Navi Mumbai, Mumbai City, Maharashtra, 400708,
Tel : 91-22 - 27641689.
Alakode
No:Vi/ 1563, Alakode, Taliparamba Via, Kannur, Kerala,
670571,
Tel : 91-498-255148.
Alanallur
Alanallur (Po), Mannarkkad (Via), Palakkad, Kerala, 678601,
Tel : 91-4924 262258.
News:
ARYA
VAIDYA SALA OPENS AN AYURVEDIC HOSPITAL & RESEARCH CENTER AT THRIKKAKARA,
KOCHI
Arya Vaidya Sala is opening a new Ayurvedic Hospital
& Research Centre(AH&RC) at Thrikkakkara,(Behind Bharathmatha
College)Kochi, Kerala. The Hospital provides both in-patient facility and
out- patient consultation services.The proposed Ayurvedic hospital and Research
Centre, is located in an eco-friendly ambience and surroundings.
The hospital offers traditional Panchakarma therapies and
special Kerala treatments such as Dhara,Pizhichil,Navarakkizhi,Sirodhara,
Sirovasthi,Udvarthanam,Abhyangam etc.under the strict supervision of
well-qualified physicians and supervisory staff. The hospital is equipped with traditional treatment facilities
and managed by a
dedicated&experienced team of
Ayurvedic doctors and therapists from Kottakkal.
The Hospital complex has 60 accommodation units. The
hospital has spacious and well-furnished air-conditioned family suites, double
rooms, single rooms and general wards, all equipped and furnished on modern
lines with telephone, cable television, 24-hour secured broadband internet
facilities. Other facilities include hygienic canteen serving wholesome
vegetarian dishes as per dietary
recommendations of physicians, laundry services, travel desk, library etc.
The hospital is scheduled to start operation from the first
week of May’2008.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.95 |
|
UK Pound |
1 |
Rs.79.41 |
|
Euro |
1 |
Rs.62.49 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|