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Report No. : |
317648 |
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Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
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Name : |
NMC SPECIALITY HOSPITAL LLC |
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Registered Office : |
NMC Building, Electra Street, PO Box: 6222, Abu Dhabi |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
18.02.1979 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is Operators of a hospital and medical centre. NMC Specialty Hospital
Abu Dhabi is a multi-specialty hospital |
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No. of Employee : |
1300 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United Arab Emirates |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 |
UNITED ARAB EMIRATES - ECONOMIC OVERVIEW
The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the country has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. The country's free trade zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency and ultimately a $20 billion bailout from the UAE Central Bank and Abu Dhabi-emirate government that was refinanced in March 2014. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE's strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment.
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Source
: CIA |
Company Name : NMC SPECIALITY HOSPITAL LLC
Country of Origin :
Abu Dhabi, United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date :
18th February 1979
Commercial Registration Number : 13637
Trade Licence Number :
1026386
Chamber Membership Number :
5826
Issued Capital :
UAE Dh 10,000,000
Paid up Capital :
UAE Dh 10,000,000
Total Workforce :
1,300
Activities :
Operators of a hospital and medical centre
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
NMC SPECIALITY
HOSPITAL LLC
Building :
NMC Building
Street : Electra
Street
PO Box :
6222
Town : Abu Dhabi
Country : United Arab
Emirates
Telephone : (971-2) 6332255
/ 6179285
Facsimile : (971-2)
6317303
Email :
hospitalauh@nmc.ae / nmc@eim.ae
Subject operates from a suite of offices and a hospital that are owned
and located in the Central Business Area of Abu Dhabi.
Name Position
· Dr B R Shetty Managing
Director
· Prashant Manghant Chief
Executive Officer
· Suresh Krishnan Finance
Manager
Date of
Establishment : 18th February
1979
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 13637
Trade Licence No. : 1026386 (Expires 17/02/2016)
Chamber Member No. : 5826
Issued Capital : UAE Dh 10,000,000
Paid up Capital : UAE Dh 10,000,000
· NMC Health Care
LLC
Abu
Dhabi
United
Arab Emirates
· Sayed Mohamed
Butti
· New Medical Centre
Est
Al Kamal Tower, Foodland Building, Mezzanine
Floor
Airport Road
PO Box: 6222
Abu Dhabi
Tel: (971-2) 6734122 / 6332255 / 6179267 /
6179230
Fax: (971-2) 6734300 / 6332256
Activities: Operators of a hospital and medical centre. NMC Specialty Hospital Abu
Dhabi is a multi-specialty hospital
with the following facilities:
Subject is affiliated with the following insurance companies:
Import Countries: Europe and Asia
Subject has a workforce of approximately 1,300 employees.
Companies registered in Abu Dhabi, United Arab Emirates are not legally
required to make their accounts public and no financial information was
released by the company or submitted by outside sources.
·
National Bank of Abu Dhabi
Sheikh Khalifa Street
PO Box: 4
Abu Dhabi
Tel: (971-2)
6345777 / 6327113 / 6335262
Fax: (971-2)
6336078
No complaints regarding subject’s payments have been reported.
During the course of this investigation nothing detrimental was uncovered
regarding subject’s operating history or the manner in which payments are
fulfilled. As such the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.