|
Report Date : |
22.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
Rajinder Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
1960 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Trust |
|
|
|
|
Line of Business
: |
It’s a Hospital |
|
|
|
|
No. of Employees
: |
4000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old well established and reputed hospital run by a trust
named as “Sir Ganga Ram Trust” having satisfactory track. Mr. Gaurav, Purchase head provided general details and denied to
provide any financial information to us. As per indirect source, we found that the hospital consists of 675 bed
and is a multi Speciality state – of - the - art hospital in India. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of professional medical practitioners, qualified and
experienced management, the hospital trust can be considered 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Gaurav |
|
Designation : |
Purchase Head |
|
Contact No.: |
91-11-42252824 |
|
Date : |
19.09.2014 |
LOCATIONS
|
Registered Office : |
Rajinder Nagar, New Delhi – 110060, Delhi, India |
|
Tel. No.: |
91-11-25750000 |
|
Mobile No.: |
91-9810691039 (Madam Kaml) |
|
Fax No.: |
91-11-25861002 |
|
E-Mail : |
|
|
Location : |
Owned |
MANAGEMENT
|
Name : |
Mr. Ashok Chandra |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. S. K. Sama |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. D. S. Rana |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. Ajay Swaroop |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. S. P. Poytra |
|
Designation : |
Trustee |
KEY EXECUTIVES
|
Name : |
Mr. Gaurav |
|
Designation : |
Purchase Head |
BUSINESS DETAILS
|
Line of Business : |
It’s a Hospital |
|
|
|
|
Imports : |
|
|
Products : |
Surgical Instruments |
|
Countries : |
·
Israel ·
England |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
4000 (Approximately) |
|
|
|
|
Bankers : |
Syndicate Bank, Sgrh (Branch), New Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vipin Agarwal and Company Chartered Accountants |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been denied by Mr. Gaurav.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
AS PER WEBSITE:
PRESS RELEASE
DELHI'S SIR GANGA RAM
HOSPITAL TO USE STATE-OF-THE-ART AMRITA HEALTH SOFTWARE, 5TH JULY 2014
KOLLAM: Sir Ganga Ram Hospital in Delhi, one of the renowned hospitals in the country, has signed up with Amrita Technologies to implement and deploy the latter’s state-of-the-art hospital management software to power clinical and back-office functions across the hospital.
Amrita’s health software, Amrita Healthcare Informatics Suite (Amrita HIS), will provide the next-generation healthcare IT solutions to Sir Ganga Ram Hospital, stated a press release on Monday.
Amrita Technologies, one of the few CCHIT certified vendors in the world, is a leading company in healthcare informatics. It has helped many hospitals and networks become more patient centric, provide better quality of care and at the same time optimize operations.
Amrita’s completely web-based HIS, which is now being used by major super specialty hospitals, stores over 5 million patient Electronic Medical Records (EMRs) per year and processes thousands of transactions daily.
Amrita’s software suite, built with EMR as its foundation, provides an integrated as well as modular solution across both clinical and back-office functions.
Sir Ganga Ram Hospital Board of Management chairman Dr D S Rana talked about the partnership: “We chose Amrita’s solution from among several other vendors given the depth of their solution and the integrity of the Amrita team. We are confident that our hospital team and Amrita’s technical team will work together to make this project a great success.”
Amrita Technologies CEO Pradeep Achan commented on Amrita’s selection:
“Amrita Technologies has tremendous experience implementing HIS at large-scale hospitals and we are absolutely thrilled that Sir Ganga Ram Hospital has shown confidence in us to partner with them on upgrading their HIS solution. It is indeed gratifying and an honor to be selected from among all the major healthcare automation solutions in the country.”
Sir Ganga Ram Hospital, established in 1921, is a 675-bed multi-Speciality state-of-the-art hospital and has been providing high quality healthcare to the population of Delhi and surrounding states since its inception.
CANCER PATIENT
RECOVERS COMPLETELY AFTER RARE SURGERY IN SIR GANGA RAM HOSPITAL, NEW DELHI,
INDIA - Sunday, July 6th 2014
A team of doctors at Sir Ganga Ram Hospital, New Delhi consisting of Dr.
Suresh Singhvi (Senior Consultant Hepatic & Pancreatic Surgery and Liver
Transplant) and Dr. Sujay Shad (Senior Cardiac Surgeon) performed a rare
surgery on a Nigerian patient, who had cancer of the liver that had spread to
the heart. The patient reported to the hospital for a follow-up 15 months after
the surgery and has recovered completely.
NEW DELHI, INDIA (PRWEB) JULY 06, 2014
Dr. Lubabatuyakuba Musa, a 32-year-old physician from Nigeria, has survived from cancer, thanks to the competent surgeons in Sir Ganga Ram Hospital, New Delhi. The Nigerian doctor was operated by a team of surgeons in Sir Ganga Ram Hospital for cancer of the liver and a tumor in the heart. On July 5, 2014, Dr. Musa came to the hospital in Delhi for a follow-up, one year and three months after her surgery, and underwent all important investigations.
Congratulating the Nigerian doctor for fighting cancer bravely, Dr Suresh Singhvi, Senior Consultant Hepatic Pancreatic & Biliary (HPB) Surgery and Liver Transplant in Sir Ganga Ram hospital stated, “All of Dr. Musa’s diagnostic tests are normal and she is absolutely healthy.”
Dr. Suresh Singhvi further added, “Dr. Lubabatuyakuba Musa went to a Cardiologist in Nigeria last year with a history of palpitations and a weight loss of 15 Kg. The doctor attending on her performed an Echocardiogram that revealed a tumor in the right atrium (right upper chamber of the heart). Dr. Musa then flew to India and underwent treatment at a private hospital in Delhi where doctors performed open heart surgery and removed the tumor in her heart.”
“After returning to
Dr. Musa then contacted Dr. Suresh Singhvi in Sir Ganga Ram Hospital New Delhi, who suggested to her that she needed a team of liver and heart surgeons to treat her in a proper manner. Following Dr. Singhvi’s advice, the patient got admitted in Sir Ganga Ram Hospital where she was operated by a team of surgeons consisting of Dr. Suresh Singhvi (M.S, FRCS, CCST (UK) and Dr. Sujay Shad & Dr. Dubey (Senior Cardiac Surgeons) along with a team of anesthetists Dr Maheshwari, Dr. Anil Jain and Dr. Jayashri Sood.
The patient had a total blood loss of 4 units and was discharged after a stay of thirteen days in the hospital. After the surgery, Dr. Lubabatuyakuba stayed in New Delhi for 6 weeks for complete recovery and then returned to Nigeria, where she underwent chemotherapy for 6 months followed by another cycle of chemotherapy.
Now, the patient is doing well, has gained weight and is very happy that she came to India for treatment at Sir Ganga Ram Hospital, New Delhi. The whole treatment cost Dr. Lubabatuyakuba Musa Rupees eight lacs, which is one twentieth of the cost that was quoted to her in U.K. Dr. Suresh Singhvi said, “Due to advancements in Surgical & Medical techniques, cancer can be treated if a patient reports in time for proper treatment.” Dr. Musa’s e-mail ID – lubabatuyakubu (at) yahoo (dot) com
About Sir Ganga Ram Hospital and Dr. Suresh Singhvi
Sir Ganga Ram Hospital is a 675-bedded multi-specialty state-of-the-art
hospital in India that provides comprehensive healthcare services.
Dr. Suresh Singhvi is a UK-trained surgeon and is a specialist in liver and pancreatic surgeries and liver transplants. Dr. Singhvi, who has an experience of eleven years as a HPB and liver transplant surgeon, has worked in prestigious hospitals like Queen Elizabeth Hospital Birmingham (UK), Freeman Hospital, Newcastle (UK), University Hospital Eppendorf, Hamburg, Germany and Asan Medical Center, Seoul, South Korea.
SIR GANGA RAM
HOSPITAL IN INDIA REDUCES BILLING TIME BY 40% AND IMPROVES PATIENT SERVICEWITH
INTERSYSTEMS TRAKCARE
Sir Ganga Ram Hospital, a 650-bed multi-specialty state-of-the-art hospital in New Delhi, India needed to replace its 20-year-old healthcare information system (HIS).
But first it had to overcome a number of factors which might
hinder implementation. These included the hospital’s 35 specialties, many with
different workflows which have “hardened” over the hospital’s 50 year history,
making them difficult to change.
· Increased outpatient throughput
· Better inventory control
· Rapid access to lab results
· Reduced allergy and drug interactions
·
“Basic rules for each department are framed by the departmental head,” said Dr. Karanvir Singh, the surgeon responsible for the HIS implementation. “Although this helps each department provide the best possible care, it leads to a complex implementation environment.”
Sir Ganga Ram chose Intersystem TrakCare® as its new HIS because of Intersystem’ track record of successful implementations at hundreds of sites around the world and the product’s technology advantages. These advantages include:
· A Web-based user interface for ease of learning, use, and configuration
· A single, unified information environment for all its modules enabling simplified information sharing, faster implementation, easier maintenance, and lower costs
· A highly reliable technology foundation built on the Intersystem Cache® high performance database
“We now realize that our high transaction rate – with a peak rate of 2,500 per hour – is only possible because we are using Cache,” noted Dr. Singh.
GANGA RAM HOSPITAL TO
PROVIDE FREE TREATMENT TO ACID VICTIM
The victim, Isha Khan, was shifted to
Isha and her three sisters, all teachers, suffered injuries when they were attacked by two men on a motorcycle while they were returning after UP board exam duty.
In a statement released today, the hospital said, it will "waive off her
full treatment cost incurred during her stay at the hospital" considering
that the victim`s family is poor.
The hospital would keep her in observation for a week or so before taking a decision on her discharge, it said.
"Our first priority is to restore her vision and try to bring her back to the main frame of the society," Dr DS Rana of the hospital said.
Explaining the current condition of the victim, Dr A K Grover, Chairman of Department of Ophthalmology, said, "When the girl was brought to us she had a severe injury in her eyes...We hope to restore her left eye`s vision in due course of time. Right eye is essentially normal."
Dr Mahesh Mangal, Chairman, Department of Plastic Surgery said that the patient was responding well to the treatment and doctors were accessing the depth of the wounds on the face, neck and chest.
DELHI HOSPITAL SENDS
RELIEF TO JAMMU AND KASHMIR
New Delhi: Sir Ganga Ram Hospital in Delhi has sent emergency relief supplies to flood-ravaged regions of Jammu and Kashmir to help it overcome the acute shortage of medicines and blankets.
"The director general of health services, Srinagar apprised the hospital management (Sir Ganga Ram) that most of the hospitals in the Valley have become non-functional except Ahmed hospital," Sir Ganga Ram Hospital said in a statement.
"He (director) also told that there is acute shortage of medicines, blankets and eatables in the Valley for patients," it said.
According to the requirement mentioned, the hospital has dispatched the first lot of blankets, bed sheets, injections, I.V. fluids, disposable syringes, inhalers, tablets, adhesive plaster and other items.
Besides this, the consultants and employees of the hospital have decided to contribute one day's salary for the relief efforts. If required, the hospital will also provide further relief and manpower, it said.
NEGLIGENCE CASE: FIR
AGAINST FIVE GANGA RAM DOCTORS - Aug 20, 2014
NEW DELHI: Delhi
Police has, on the directions of a local court, filed an FIR against five
doctors of Sir Ganga Ram Hospital for allegedly causing death due to
negligence. The complainant, a Military Engineering Service officer posted with
the Indian Air Force, has alleged that his wife died after a robotic surgery
for retroperitoneal fibrosis, a rare disorder that blocks the tubes (ureters)
which carry urine from the kidneys to the bladder.
In the FIR, the victim's husband alleged that a critical artery
supplying blood to the kidneys was accidentally cut during the surgery, leading
to excessive bleeding.
The FIR was lodged at Rajender Nagar police station under Section 304(A)
against Dr Sudhir Khanna, the urology surgeon who conducted the operation, Dr
Sanjay Mittal and Dr Manju Gupta, his colleagues from the same department, Dr V
S Bedi, vascular surgeon, and Dr Anurag Gupta from nephrology. This was done on
the directions of a metropolitan magistrate at Tis Hazari.
The patient, Urmila Devi, had been admitted for robotic ureterolysis surgery on
September 4 last year after a smaller surgery done earlier to help her get
temporary relief.
According to the FIR filed by Devi's husband, Perm Kishore, the doctors'
team, headed by Khanna, "?negligently cut the external iliac artery, which
resulted in immediate heavy blood loss, but instead of repairing the iliac
artery at the earliest and taking immediate remedial measures, the doctors
continued the robotic surgery for another three hours approximately."
Kishore has, in the FIR, alleged that his consent was sought for open
surgery in the middle of the operation because the doctor said he was not able
to perform a robotic surgery. "(Kishore) signed the consent for open
surgery because he trusted Dr Khanna and his team and also because the deceased
was on table in the operation theatre," the FIR says. Quoting the
hospital's internal reports, the complainant also claims the patient lost three
liters of blood which resulted in acute kidney failure'. On September 6, two
days after the surgery, Devi died due to cardiac arrest.
Dr Suchita Katoch, medical superintendent of the hospital, said in a
written statement: "All treating doctors have done their best while
rendering medical services to this patient having a complicated disease. She
suffered a known complication of such surgery. It is reiterated that there is
no medical negligence on part of the treating doctors in this unfortunate
episode. However, the patient's husband has not accepted this unexpected demise
and he has approached the investigating agencies. These agencies are
investigating the matter and the hospital is fully committed to provide
cooperation to them."
In the FIR, Kishore has alleged that against an original estimate of Rs
0.150 Millions for the surgery, the hospital produced a bill of Rs 0.416
Millions and later reduced it to Rs 0.367 Millions when the family objected.
"I had approached the police to get an FIR registered, but they refused.
We were forced to go to court," Kishore said. He alleged that doctors
often tell about the advantages of robotic surgery but hide the fact that there
are few surgeons who have expertise in the field.
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
UK Pound |
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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 |
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 |
|
-- |
NB |
New
Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.