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MIRA INFORM REPORT
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Report No. : |
514392 |
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Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
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Name : |
GAYATHRI HOSPITALS |
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Registered
Office : |
D No 25-10-8, Maharajpet, Ayyakoneru Gattu, Vizianagaram-535001,
Andhra Pradesh |
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Mobile No.: |
91-9440522847 [Dr. Gantyada Butchi Venkata Rao] |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of Establishment
: |
01.04.2018 |
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Capital
Investment : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm does not have export and import) |
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PAN No.: [Permanent Account No.] |
AASFG6613R |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Providing Healthcare Services. [Confirmed by Management] |
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No. of Employees
: |
25 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new partnership concern established on 1st
April 2018 and it is engaged in providing healthcare services and medical
services. As per indirect source we could find that the subject has not started
its business activity and will start its business activity from the month of
September 2018. Payment seems to be unknown. In the view of subject’s infancy, extensive payment and financial
records are not available, therefore dealings are recommended to be on secured
terms, and a close monitoring of subject’s business development is advisable. Note: Site visit
report will be sent in due course. |
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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 25.06.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Dr. Gantyada Butchi Venkata Rao |
|
Designation : |
Partner |
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Contact No.: |
91-9440522847 |
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Date : |
21.06.2018 |
LOCATIONS
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Registered Office : |
D No 25-10-8, Maharajpet, Ayyakoneru Gattu, Vizianagaram-535001,
Andhra Pradesh, India |
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Tel. No.: |
91-8922-271888 |
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Mobile No.: |
91-9440522847 [Dr. Gantyada Butchi Venkata Rao] 91-9441305791 [Dr. Bellana Vamsi Pavani] |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
7916.04 Sq. Ft. |
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Location : |
Leased |
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Locality : |
Commercial cum Residential |
PARTNERS
|
Name : |
Dr. Gantyada Butchi Venkata Rao |
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Designation : |
Partner |
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Address : |
19-1-8, Zidduvari Street, Sai Vamsi Nilayam, Vizianagaram-535002, Andhra
Pradesh, India |
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Date of Birth/Age : |
10.07.1971 |
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PAN No: |
AHGPG9931K |
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Aadhar Card No: |
4146 0267 9364 |
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Name : |
Dr. Bellana Vamsi Pavani |
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Designation : |
Partner |
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Address : |
19-1-8, Zidduvari Street, Sai Vamsi Nilayam, Vizianagaram-535002,
Andhra Pradesh, India |
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Date of Birth/Age : |
22.05.1974 |
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PAN No: |
AHGPB2351L |
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Aadhar Card No: |
4637 3281 5849 |
BUSINESS DETAILS
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Line of Business : |
Providing Healthcare Services. [Confirmed by Management] |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others [Patient]
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No. of Employees : |
25 [Approximately] |
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Bankers : |
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Auditors : |
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Name : |
Madipalli Ramarao Chartered Accountant |
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Address : |
Vizianagaram, Andhra Pradesh, India |
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Mobile No : |
91-9440193250 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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 ANALYSIS
[all figures are in
INR Million]
NEW BUSINESS
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
Yes |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the Annual
Report |
No |
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PROJECTED COST OF
PRODUCTION AND PROFITABILITY STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
2023-24 Projected |
|
|
Hospital Revenue |
1689.400 |
1852.300 |
2027.300 |
2190.200 |
2691.000 |
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Shop Rent |
60.000 |
60.00 |
72.000 |
72.000 |
84.000 |
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Total |
1749.400 |
1912.300 |
2099.300 |
2262.200 |
2775.000 |
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Expenditure |
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Dr. Salaries |
112.500 |
115.300 |
118.200 |
121.200 |
124.200 |
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Salaries |
384.100 |
422.500 |
464.800 |
511.200 |
562.400 |
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Power |
250.900 |
263.400 |
276.600 |
290.400 |
305.000 |
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Hospital Maintenance |
162.900 |
179.200 |
195.500 |
211.800 |
260.700 |
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Depreciation |
318.000 |
283.200 |
253.000 |
226.700 |
203.700 |
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Total |
1228.400 |
1263.700 |
1308.100 |
1361.300 |
1455.900 |
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Administrative Exp |
180.000 |
198.000 |
217.800 |
239.600 |
263.500 |
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Total |
1408.400 |
1461.700 |
1525.900 |
1600.900 |
1719.500 |
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PBIT |
340.900 |
450.600 |
573.400 |
661.300 |
1055.500 |
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Int. on Term Loan |
254.300 |
225.500 |
190.200 |
154.800 |
119.400 |
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Int. on Working Capital Loan |
9.500 |
9.500 |
9.500 |
9.500 |
9.500 |
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PBT |
77.100 |
215.600 |
373.700 |
497.000 |
926.600 |
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Tax |
23.200 |
64.900 |
112.400 |
149.500 |
278.800 |
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NPAT |
53.900 |
150.700 |
261.300 |
347.400 |
647.800 |
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Drawings |
0.000 |
0.000 |
100.000 |
150.000 |
180.000 |
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|
NPAD |
53.900 |
150.700 |
161.300 |
197.400 |
467.800 |
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PROJECTED BALANCE
SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
2023-24 Projected |
|
|
LIABILITIES |
|
|
|
|
|
|
Capital |
1193.900 |
1344.600 |
1505.900 |
1703.300 |
2171.100 |
|
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|
Term Loan |
2606.900 |
2234.500 |
1862.100 |
1489.700 |
1117.300 |
|
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|
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|
Working Capital Loan |
100.000 |
100.000 |
100.000 |
100.000 |
100.000 |
|
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Total |
3900.800 |
3679.100 |
3468.000 |
3293.000 |
3388.400 |
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ASSETS |
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|
Fixed Assets |
3840.000 |
3840.000 |
3840.000 |
3840.000 |
3840.000 |
|
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|
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|
Less: Deprn |
318.000 |
601.200 |
854.200 |
1080.800 |
1284.600 |
|
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|
|
|
Total |
3522.000 |
3238.800 |
2985.800 |
2759.200 |
2555.400 |
|
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|
|
|
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Current Assets |
|
|
|
|
|
|
Receivables |
145.800 |
239.000 |
262.400 |
282.800 |
346.900 |
|
|
|
|
|
|
|
|
Cash |
233.100 |
201.300 |
219.800 |
251.100 |
486.100 |
|
|
|
|
|
|
|
|
Total |
3900.800 |
3679.100 |
3468.000 |
3293.000 |
3388.400 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
DR. GANTYADA BUTCHI VENKATA RAO
(INR IN MILLION)
BANK
A/C
|
Bank |
Branch |
S/B/ C/D A/c No. |
|
SBI |
Fort |
SB 10540858877 |
|
|
|
|
|
Andhra Bank |
Ring
Road Fort |
24531010000684 |
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own name |
Area |
Free hold or
Lease hold |
Location/ address |
Purchase Cost |
Present Value |
|
Non Agri. Land |
50% |
--- |
Free Hold |
VZM |
INR 7.800
Million |
INR 10.000
Million |
|
Agri. Land |
100% |
1 Acre |
Free Hold |
GPM |
INR 0.350
Million |
INR 1.500
Million |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of company
and Branch |
Surrender value |
Annual Premium |
Premium paid
upto period |
|
LIC |
50.000 |
0.053 |
31.03.2017 |
|
Exide |
30.000 |
0.025 |
31.03.2017 |
VEHICLES
|
Type of Vehicle |
Present Value |
|
Car |
INR 0.500 Million |
JEWELLERY
|
Particulars |
Quantity |
Valuation
(approx.)* |
|
Gold |
10 Tulah |
INR 0.300 Million |
|
Others |
Hospital Rent |
INR 1.100 Million |
DETAILS OF
LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amt. of Loan |
Outstanding
Balance |
|
State Bank of India |
Site Purchase |
INR 0.600 Million |
INR 0.395 Million |
|
Car Loan |
Car Loan |
INR 0.500 Million |
INR 0.236 Million |
|
Canara Bank |
Gold Loan |
INR 0.200 Million |
INR Million |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Dr. Pavani |
Dentist |
Spouse |
50 |
M |
MSN Colony, Vizianagaram, Andhra Pradesh, India |
|
G. Sai Partha |
Student
|
Son |
14 |
-- |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
DR. BELLANA VAMSI PAVANI
(INR IN MILLION)
BANK
A/C
|
Bank |
Branch |
S/B/ C/D A/c No. |
|
SBI |
Fort |
10540851768 |
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint name |
Free hold or
Lease hold |
Location/ address |
Purchase Cost |
Present Value |
|
Non Agri. Land |
Site IOY |
Free Hold |
Dasannapeta |
INR 2.800
Million |
INR 10.000 Million
|
|
Agri. Land |
Own |
--- |
MSN Colony - VZY |
INR 3.350
Million |
INR 10.000
Million |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of company
and Branch |
Surrender value |
Annual Premium |
Premium paid
upto period |
|
Exide Life |
0.300 |
0.025 |
31.03.2017 |
JEWELLERY
|
Particulars |
Quantity |
Valuation
(approx.)* |
|
Gold |
500 Gm |
INR 1.500 Million |
|
Silver |
2500 Gm |
INR 0.100 Million |
OTHERS INVESTMENTS/ ASSETS (give full details):
|
Hospital Rent |
INR 0.290 Million |
DETAILS OF
LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amt. of Loan |
Security |
Repayment Terms |
Outstanding
Balance |
|
SBI |
House |
1.200 |
House |
30958159060 |
0.600 |
|
SBI |
Site
|
0.600 |
Site |
--- |
0.395 |
|
SBI |
Ring Road |
2.200 |
--- |
33399535357 |
1.200 |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Dr. G. B. Venkata |
Doctor
|
Spouse |
56 |
M |
Zidduvari street, Vizianagaram,
Andhra Pradesh, India |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
BRIEF PROFILE OF THE COMPANY
Mrs. Pavani is working in MIMS, Nellimaria and has been practicing since 15 years. She is a post graduate in Dental medicine. She is one of the leading dentists in and around V2M town and catering the medical needs of the people within a radious of 25kms of VZM town.
Her husband Mr. Venkat is a specialist in ENT and has been practicing for the last 15 years. He is one of the leading ENT specialist in the town.
Both of them are having roaring practice and are well reputed doctors in the district. At present they are practicing in a rented premises (belongs to their close relative) and proposed to construct a multi-Specialty hospital in the town. They have acquired land is one of the prime localities of the town and after obtaining they started construction of the proposed building. Besides their core practice (Dental and ENT) they are arranging for visiting doctors (specialists) in the field of Gynecology, Ophthalmology and Orthopedics etc. from VZM and Visakhapatnam if necessary. Presently there is one multi-specialty hospital in the town which is not able to cater the medical needs of the patients.
They are planning to construct 2 operation theaters and will let out as an when demand raises. A lot of demand is available for operation theaters (with latest equipment) and will continuously generate good income.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
05.02.2018 |
|
|
|
|
Name of the Owner |
MR. GANTYADA BUTCHI
VENKATA RAO Plot No. 58, P.S.R.
Colony, Park Lane, Vizianagaram |
|
|
|
|
Location, street, ward no. |
T.S. No. 381 Part, 25-10-18 Part Ayyakoneru North Bund, M.S. Ward, Vizianagaram Municipality and Dist. |
|
Fair Market Value |
INR 46.989 Million |
|
|
|
|
Distress Value |
INR 39.940 Million |
|
|
|
|
Present Value |
INR 21.989 Million |
|
|
|
|
S.R.O Value |
INR 6.156 Million |
|
|
|
|
Est. Cost GF and FF Construction Value |
INR 25.000 Million |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
s
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.