MIRA
INFORM REPORT
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Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ASCLEPIUS CONSULTING |
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Registered
Office : |
No. 8, 1st Floor, 15th Cross |
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Country : |
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Year of
Establishment : |
2007 |
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Capital
Investment/ Paid-up Capital: |
Not Divulged |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business
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Healthcare Consulting IT Sector. |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a partnership concern having moderate track. The partner
Mr. Vishal Ranjan provided to us few
general information and denied to disclose other details of the concern.
However, business is active. Payment terms are unknown. The concern can be considered for business dealings on a secured 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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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 (PARTIAL DETAILS)
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Name : |
Mr. Vishal Ranjan |
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Designation : |
Partner |
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Date : |
21.07.2011 |
LOCATIONS
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Registered Office : |
No. 8, 1st Floor, 15th Cross 100 Ft Ring Road,
J.P. Nagar, Bangalore-560078, Karnataka, India |
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Tel. No.: |
91-80-41650200 |
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E-Mail : |
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Website : |
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Area : |
Rented |
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Branch Office : |
177 A, |
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Overseas office: |
11-02- |
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Tel. No.: |
+65-98204244 |
PARTNERS
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Name : |
Mr. Satyajeet Prasad |
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Designation : |
Partner |
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Name : |
Mr. Vishal Ranjan |
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Designation : |
Partner |
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Date of Birth/Age : |
31 Years |
BUSINESS DETAILS
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Line of Business : |
Healthcare Consulting IT Sector. |
GENERAL INFORMATION
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
HISTORY:
Subject is one of the fastest growing Healthcare IT and Healthcare
Consulting company in
The company owns a world class suite of hospital software products, called
Charak, which is among the most comprehensive hospital management software solution
in
The company has installed the Charak hospital software in over 10 Indian states
with hospitals ranging from 5 beds to 1700 beds, from 120 year hospitals to
pre-launch hospitals, from single specialty tertiary care hospital to secondary
care multispecialty hospital, from medical colleges to charity hospitals, from
corporate chains to stand alone facilities, from Bangalore to Ahmedabad to
Jaipur to Patna to Kolkata to Cuttack to Vijaywada. Such a rich mix of
hospitals has significantly contributed in significantly improving the hospital
software in incorporating all the nuances of the Indian hospital processes.
EMR (Electronic Medical Record)
Subject takes pride in its core Electronic Medical Record (EMR) modules,
which form the backbone of its hospital software solution. The EMR modules are
unique in the Indian healthcare software industry – with significantly high
usage both by the doctors as well as nurses. While it retains the clinical
intelligence relevant to the hospital senior doctors, it has been designed to
be simple enough for the hospital nurses to manage. The EMR captures the entire
patient medical information necessary for a medical software, right from OPD to
post discharge, including history, examination, diagnosis notes, ICD codes, OT
notes, progress notes, ICU charts, Bed head tickets, Order details, medication
administration records, radiology images etc. – all of which consolidate to
generate a pre-populated discharge summary. Such consolidated EMR allows for a
patient visit wise analysis – thereby making the medical software much more
useful.
CIS (Clinical Information System)
The EMR (Electronic Medical Record) modules build the cornerstone to the
unique clinical information system (CIS) modules, one of the most comprehensive
clinical solutions in the Indian healthcare software space. The CIS modules are
increasingly adopted by progressive hospitals to bring intelligence in the
healthcare software solution – thereby managing generic elements like drug
interactions, dosage calculators, clinical protocols, care plans/ pathways,
decision support and specific clinical guidelines.
Further the CIS modules enhance the healthcare software by incorporating specialty
specific elements like growth charts (pediatrics), vaccination reminders, EDD
reminders (obstetrics), patient education, cancer staging (oncology),
chemotherapy regime (oncology) etc. The hospital software is enhanced by
providing integration to suitable medical devices in the lab and radiology as
well as bed side devices. Increased integration with stand alone software like
PACS, bed side devices, DICOM Devices etc. allow for higher medical software
usage and seamless patient care.
Hospital Information System (HIS)
The entire hospital management software is built on a strong backbone of
administrative software – which covers the end-to-end hospital processes
including hospital billing, thus resulting in a completely paperless
environment. Over 100 administrative modules cover the entire patient flow
–even while the patient is at home and even days after discharge. The Hospital
Information Systems covers all the core elements of RADT, hospital billing,
material, pharmacy, lab, radiology, scheduling, appointments, queue management,
task lists, doctor management, purchases, cashless insurance, regulatory
compliance, quality audits, maintenance, housekeeping, laundry, waste
management, customer relationship management etc.
The hospital software seamlessly integrates with standalone third party
software for non-patient processes like accounting (Tally integration, SAP
integration) and human resources (Payroll integration).
Management Consulting for Indian Hospitals
Asclepius leverages on its extensive hospital interactions, its
management consulting pedigree, insightful intellectual capital and rigorous
analytic approach to offer business consulting to Indian hospitals on host of
hospital management issues. Asclepius has supported leading hospitals,
appearing with a piece of paper to build their business plan, raise PE funding,
manage 30-60-90 day roll out plans, manage project phase, develop organization
structure, build and improve hospital business processes, benchmark business
processes, support growth strategy to multiple locations, drive customer
acquisition strategy, define service pricing philosophies and continuously
monitor performance as members of the board.
Such rich consulting portfolio is unparalleled in the Indian Healthcare Industry
and is widely respected by the hospitals specifically on the domain knowledge
brought by Asclepius Consulting. The focus on only Indian hospitals has made
Asclepius Consulting, one of the richest resource of hospital expertise and its
consulting services are consistently sought after to streamline hospital
processes.
As a unique proposition, all the recommendations of Asclepius Consulting are
inherently implementable – owing to their direct manifestation through the
healthcare software Charak.
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.44.43 |
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|
1 |
Rs.71.90 |
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Euro |
1 |
Rs. 63.41 |
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 |
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.