|
|
|
MIRA INFORM REPORT
|
Report No. : |
504855 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CDR HOSPITAL |
|
|
|
|
Registered
Office : |
D. No. 7-358, Doctor Ramu Hospital Street, Dharani Kota, Anaparthy, East
Godavari District-533342,
Andhra Pradesh |
|
Mobile No.: |
91-9848227777 [Mr. Karri Sunil Kumar Reddy] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
19.05.2014 |
|
|
|
|
Capital
Investment : |
INR 11.404 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFC6145R |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Subject is running hospital or nursing home to carry on practice in
medicine in general surgery. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
25 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
CDR Hospital is a partnership concern established in the year 2014. The concern is engaged in providing healthcare services. The overall financial position of the concern seems to be fair marked by sufficient capital base along with low debt balance sheet profile. It has earned profit through its other income. Subject’s bank (Bank of India) has also given positive feedback and is satisfied with the subject’s banking transaction. However, rating is constrained as the concern has not earned income from its operations during the year under the review. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealings with some caution. 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 05.05.2018.
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
|
Name : |
Dr. Karri Sunil Kumar Reddy |
|
Designation : |
Partner |
|
Contact No.: |
91-9848227777 |
|
Date : |
03.05.2018 |
LOCATIONS
|
Registered Office : |
D. No. 7-358, Doctor Ramu Hospital Street, Dharani Kota, Anaparthy, East
Godavari District-533342,
Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9848227777 [Mr. Karri Sunil Kumar Reddy] 91-9440688212 [Mr. Nallamilli Buli Mohan Reddy] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Hospital : [Under Construction] |
Near D. No. 7-69, R.S No. 54, Plot No. 682/3B, Near SNR Function Hall,
Anaparthy, East Godavari District, Andhra Pradesh, India |
PARTNERS
|
Name : |
Dr. Karri Sunil Kumar Reddy |
|
Designation : |
Partner |
|
Address : |
D No. 10-292, Kacheri Chavidi Veeedhi, Old Town, Anaparthy, East
Godavari District-533342,
Andhra Pradesh, India |
|
Date of Birth/Age : |
22.01.1982 |
|
Qualification : |
M.B.B.S., M.S. |
|
Experience : |
6 Years |
|
PAN No.: |
AHUPK8610M |
|
Aadhaar Card No.: |
523129599763 |
|
|
|
|
Name : |
Dr. Karri Bandhavi |
|
Designation : |
Partner |
|
Address : |
D No. 10-292, Kacheri Chavidi Veeedhi, Old Town, Anaparthy, East
Godavari District-533342,
Andhra Pradesh, India |
|
Date of Birth/Age : |
07.09.1986 |
|
Qualification : |
M.B.B.S., M.S. |
|
Experience : |
4 Years |
|
PAN No.: |
DMVPK2813K |
|
Aadhaar Card No.: |
526132941765 |
BUSINESS DETAILS
|
Line of Business : |
Subject is running hospital or nursing home to carry on practice in medicine
in general surgery. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Hospital Services |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [30,60 Days] |
|
|
|
|
Purchasing : |
Credit [30,60 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesaler, Retailers and End Users
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
25 [Approximately] |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Akasam and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
PARTNERS
CAPITAL ACCOUNT AS ON 31.03.2017
|
PARTICULARS |
Share |
Opening Balance |
Additional Investment |
Remuneration Credited |
Drawings |
Interest Credited |
Total |
Profit/ Loss |
Net Balance |
|
Dr. Karri Sunil Kumar Reddy |
50.00 |
3.132 |
3.813 |
0.180 |
(0.240) |
0.263 |
7.148 |
0.112 |
7.260 |
|
Dr. Karri Bandhavi |
50.00 |
1.688 |
1.975 |
0.180 |
0.000 |
0.189 |
4.032 |
0.112 |
4.144 |
|
|
-------- |
---------- |
----------- |
----------- |
----------- |
-------- |
----------- |
----------- |
----------- |
|
Total |
100.00 |
4.820 |
5.788 |
0.360 |
(0.240) |
0.451 |
11.180 |
0.224 |
11.404 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital Account |
11.404 |
4.820 |
3.703 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.404 |
4.820 |
3.703 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.584 |
4.467 |
5.963 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.584 |
4.467 |
5.963 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.988 |
9.287 |
9.666 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.561 |
7.769 |
8.819 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
0.139
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
0.229
|
0.424
|
0.226 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
5.144
|
1.094
|
0.621 |
|
Total
Current Assets |
5.512
|
1.518
|
0.847 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
0.085
|
0.000
|
0.000 |
|
Total
Current Liabilities |
0.085
|
0.000
|
0.000 |
|
|
Net Current Assets |
5.427
|
1.518
|
0.847 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.988 |
9.287 |
9.666 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
|
|
|
|
|
|
Professional Receipts |
3.772 |
3.747 |
0.000 |
|
|
|
Lab Fees Collections |
1.555 |
1.596 |
1.009 |
|
|
|
Scanning Fees Collections |
1.077 |
0.880 |
0.521 |
|
|
|
Out Patient Fees Collections |
0.000 |
0.000 |
0.171 |
|
|
|
Inpatient Fees Collections |
0.000 |
0.000 |
0.772 |
|
|
|
Endoscopy Fees Collections |
0.000 |
0.000 |
0.019 |
|
|
|
TOTAL |
6.404 |
6.223 |
2.492 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Building Rent |
0.000 |
0.000 |
0.455 |
|
|
|
Bonus to Staff |
0.066 |
0.066 |
0.000 |
|
|
|
Building Rent |
0.000 |
0.850 |
0.000 |
|
|
|
Electricity Charges |
0.000 |
0.152 |
0.058 |
|
|
|
Generator Maintenance |
0.000 |
0.018 |
0.000 |
|
|
|
Hospital Maintenance |
0.129 |
0.080 |
0.019 |
|
|
|
ILTD Medical Expences |
0.250 |
0.388 |
0.049 |
|
|
|
Insurance |
0.017 |
0.014 |
0.009 |
|
|
|
Power and Fuel |
0.222 |
0.000 |
0.000 |
|
|
|
Rent Paid |
1.235 |
0.000 |
0.000 |
|
|
|
Audit Fees |
0.020 |
0.000 |
0.000 |
|
|
|
Lab Equipment Rent |
0.000 |
0.180 |
0.105 |
|
|
|
Medicines Purchases |
0.367 |
0.326 |
0.053 |
|
|
|
Partners Interest |
0.451 |
0.454 |
0.000 |
|
|
|
Partners Remuneration |
0.360 |
0.360 |
0.000 |
|
|
|
Printing and Stationery |
0.080 |
0.051 |
0.053 |
|
|
|
Professional Charges |
0.013 |
0.003 |
0.009 |
|
|
|
Profession tax |
0.003 |
0.000 |
0.000 |
|
|
|
Salaries |
0.786 |
0.786 |
0.344 |
|
|
|
Taxes and Licences |
0.000 |
0.000 |
0.059 |
|
|
|
Telephone Charges |
0.009 |
0.012 |
0.006 |
|
|
|
X-Ray Films and Lab Chemicals |
0.118 |
0.120 |
0.073 |
|
|
|
TOTAL |
4.126 |
3.860 |
1.292 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
2.278 |
2.363 |
1.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.443 |
0.651 |
0.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
1.835 |
1.712 |
0.750 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.510 |
1.411 |
0.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.325 |
0.301 |
0.003 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.101 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.224 |
0.301 |
0.003 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.30 |
0.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.19 |
0.48 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.23 |
0.93 |
1.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.75 |
1.61 |
2.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.14 |
3.63 |
2.67 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.59 |
3.24 |
0.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.96 |
6.24 |
0.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
64.85 |
0.00 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
64.85 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.81 |
0.52 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.23 |
0.93 |
1.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
64.85 |
0.00 |
0.00 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
3.703 |
4.820 |
11.404 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3.703 |
4.820 |
11.404 |
|
Secured Loans |
5.963 |
4.467 |
2.584 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.963 |
4.467 |
2.584 |
|
Debt/Equity
ratio |
1.610 |
0.927 |
0.227 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
2.492 |
6.223 |
6.404 |
|
|
|
149.719 |
2.909 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
2.492 |
6.223 |
6.404 |
|
Profit |
0.003 |
0.301 |
0.224 |
|
|
0.12% |
4.84% |
3.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for about three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for about three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(INR
IN MILLION)
|
PARTICULARS |
31.03.2017 |
||
|
PROFIT AND GAIN OF
BUSINESS OR PROFESSION |
|
|
|
|
Profession 1 |
|
|
|
|
Net income before tax as per P & L a/c |
|
|
0.325 |
|
|
|
|
|
|
Add: Inadmissible
expenses & income not include |
|
|
|
|
Depreciation debited to P & L a/c |
1.510 |
|
|
|
|
|
|
|
|
Interest and remuneration to partner debited to P & L a/c |
0.811 |
2.322 |
|
|
|
---------- |
---------- |
|
|
Adjusted income of profession 1 |
|
2.647 |
|
|
|
|
---------- |
|
|
Total income of
business and profession |
|
2.647 |
|
|
|
|
|
|
|
Less: depreciation as per IT Act |
|
1.510 |
|
|
|
|
---------- |
|
|
Book profit |
|
1.137 |
|
|
|
|
|
|
|
Less: remuneration and interest to partners |
|
0.811 |
|
|
|
|
---------- |
|
|
Income chargeable under the head “business and profession” |
|
|
0.325 |
|
|
|
|
---------- |
|
TOTAL INCOME |
|
|
0.325 |
|
|
|
|
---------- |
|
Total income
rounded off u/s288A |
|
|
0.325 |
|
|
|
|
|
|
Tax on total income |
|
|
0.098 |
|
|
|
|
|
|
Add: Education cess |
|
|
0.003 |
|
|
|
|
---------- |
|
Tax with cess |
|
|
0.100 |
|
|
|
|
---------- |
|
Net tax |
|
|
0.100 |
|
|
|
|
|
|
TDS |
|
0.057 |
|
|
|
|
|
|
|
Advance tax |
|
0.015 |
|
|
Total prepaid taxes |
|
|
0.072 |
|
|
|
|
---------- |
|
Balance tax |
|
|
0.028 |
|
|
|
|
|
|
Interest u/s 234B |
|
0.002 |
|
|
|
|
|
|
|
Interest u/s 234C |
|
0.002 |
0.004 |
|
|
|
|
---------- |
|
Net tax payable |
|
|
0.032 |
|
|
|
|
|
|
Self-assessment tax paid |
|
|
0.032 |
|
|
|
|
---------- |
|
Balance tax payable |
|
|
0 |
|
|
|
|
---------- |
-----------------------------------------------------------------------------------------------------------------------------
CALCULATION OF DEBT SERVICE COVERAGE RATIO
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
Profit after Tax |
0.236 |
0.286 |
2.311 |
2.552 |
3.465 |
|
|
|
|
|
|
|
|
Depreciation |
1.271 |
1.077 |
5.680 |
5.848 |
5.001 |
|
|
|
|
|
|
|
|
Net Cash Accrual |
1.508 |
1.363 |
7.991 |
8.399 |
8.466 |
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.256 |
1.896 |
3.431 |
2.976 |
2.521 |
|
|
|
|
|
|
|
|
Gross Total |
1.764 |
3.259 |
11.422 |
11.376 |
10.987 |
|
|
|
|
|
|
|
|
Term Loan |
|
|
|
|
|
|
Repayment (Principle) |
0.000 |
0.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.256 |
1.896 |
3.431 |
2.976 |
2.521 |
|
|
|
|
|
|
|
|
Total |
0.256 |
1.896 |
8.431 |
7.976 |
7.521 |
|
|
|
|
|
|
|
|
Gross D S C R |
6.89 |
1.72 |
1.35 |
1.43 |
1.46 |
-----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
LIABILITIES |
|
|
|
|
|
|
Capital |
17.404 |
28.641 |
28.927 |
31.238 |
33.790 |
|
|
|
|
|
|
|
|
Net Profit |
0.236 |
0.286 |
2.311 |
2.552 |
3.465 |
|
|
|
|
|
|
|
|
Total |
17.641 |
28.927 |
31.238 |
33.790 |
37.254 |
|
|
|
|
|
|
|
|
Bank OD |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Term loan from |
0.000 |
40.000 |
35.000 |
30.000 |
25.000 |
|
|
|
|
|
|
|
|
Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Trade Creditors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Provision for Income Tax |
0.101 |
0.123 |
0.884 |
0.976 |
1.379 |
|
|
|
|
|
|
|
|
Provisions/ Others |
0.092 |
0.114 |
0.125 |
0.138 |
0.152 |
|
|
|
|
|
|
|
|
Total Liabilities |
17.834 |
69.163 |
67.247 |
64.904 |
63.785 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Fixed Assets |
17.566 |
58.295 |
57.218 |
51.539 |
45.691 |
|
|
|
|
|
|
|
|
Depreciation |
1.271 |
1.077 |
5.680 |
5.848 |
5.001 |
|
|
|
|
|
|
|
|
Net Block |
16.295 |
57.218 |
51.539 |
45.691 |
40.690 |
|
|
|
|
|
|
|
|
Deposits |
0.593 |
0.593 |
1.593 |
1.593 |
1.593 |
|
|
|
|
|
|
|
|
Investments |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Trade Debtors |
0.550 |
1.935 |
6.688 |
6.822 |
6.958 |
|
|
|
|
|
|
|
|
Closing Stock |
|
|
|
|
|
|
Hospital materials and medicines |
0.000 |
0.000 |
2.362 |
3.237 |
5.169 |
|
|
|
|
|
|
|
|
Other Current Assets |
0.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.396 |
2.917 |
3.065 |
5.560 |
7.375 |
|
|
|
|
|
|
|
|
Total Assets |
17.834 |
64.663 |
67.247 |
64.903 |
63.785 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
A. SOURCE OF
FUNDS: |
|
|
|
|
|
|
Cash Generation |
1.508 |
1.363 |
7.991 |
8.399 |
8.466 |
|
|
|
|
|
|
|
|
Increase in equity |
6.000 |
11.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Long Term Loans |
(2.584) |
40.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Bank Borrowings |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in Creditors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in other current liabilities |
0.108 |
0.043 |
0.772 |
0.105 |
0.417 |
|
|
|
|
|
|
|
|
Decrease in receivables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in other current assets |
4.781 |
(2.000) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total source (A) |
9.813 |
50.406 |
8.763 |
8.505 |
8.883 |
|
|
|
|
|
|
|
|
B. APPLICATION OF
FUNDS |
|
|
|
|
|
|
Capital Expenditure-normal |
9.005 |
42.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in equity |
-- |
-- |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Increase in Non current assets |
0.230 |
--- |
1.000 |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in term liabilities |
-- |
-- |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
Decrease in unsecured
liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in bank finance |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in creditors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in other current liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in inventory |
-- |
-- |
2.362 |
0.875 |
1.932 |
|
|
|
|
|
|
|
|
Increase in receivables |
0.411 |
1.385 |
4.753 |
0.134 |
0.136 |
|
|
|
|
|
|
|
|
Increase in Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Increase in Other Current Asset |
0.000 |
2.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Application (B) |
9.646 |
45.385 |
13.115 |
6.009 |
7.068 |
|
|
|
|
|
|
|
|
Opening Cash Balance |
0.229 |
0.396 |
2.917 |
3.065 |
5.560 |
|
|
|
|
|
|
|
|
Surplus/ Deficit (A-B) |
0.167 |
5.021 |
(4.352) |
2.496 |
1.814 |
|
|
|
|
|
|
|
|
Closing Cash Balance |
0.396 |
2.917 |
3.065 |
5.560 |
7.375 |
------------------------------------------------------------------------------------------------------------------------------
RECEIPTS AND PAYMENT ACCOUNT PROJECTIONS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
2023-24 Projected |
|
|
RECEIPTS |
|
|
|
|
|
|
Room rents |
4.680 |
5.148 |
5.663 |
6.229 |
6.852 |
|
|
|
|
|
|
|
|
OP construction Fees |
1.200 |
1.260 |
1.323 |
1.455 |
1.601 |
|
|
|
|
|
|
|
|
Operating Fees |
12.000 |
13.200 |
14.520 |
15.972 |
17.569 |
|
|
|
|
|
|
|
|
Income from Scanning, Endoscopy |
1.350 |
1.485 |
1.634 |
1.797 |
1.977 |
|
|
|
|
|
|
|
|
Total
|
19.230 |
21.093 |
23.139 |
25.453 |
27.999 |
|
|
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
|
|
Salaries |
2.424 |
2.666 |
3.200 |
4.480 |
5.375 |
|
|
|
|
|
|
|
|
Electricity and Fuel |
0.960 |
1.296 |
1.555 |
1.866 |
2.239 |
|
|
|
|
|
|
|
|
Hospital Maintanence- Medicines and other items |
1.800 |
2.430 |
3.086 |
3.703 |
4.444 |
|
|
|
|
|
|
|
|
Telephone charges |
0.060 |
0.081 |
0.097 |
0.117 |
0.140 |
|
|
|
|
|
|
|
|
General and Admn. Exp. |
1.680 |
2.268 |
2.835 |
3.289 |
3.815 |
|
|
|
|
|
|
|
|
Interest on T/L |
3.431 |
2.976 |
2.521 |
2.066 |
1.611 |
|
|
|
|
|
|
|
|
Depreciation |
5.929 |
6.122 |
5.248 |
4.595 |
4.065 |
|
|
|
|
|
|
|
|
Total |
16.285 |
17.840 |
18.543 |
20.116 |
21.690 |
|
|
|
|
|
|
|
|
Profit Before Tax |
2.945 |
3.253 |
4.597 |
5.337 |
6.309 |
|
|
|
|
|
|
|
|
Income tax |
0.884 |
0.976 |
1.379 |
1.601 |
1.893 |
|
|
|
|
|
|
|
|
Profit After Tax |
2.062 |
2.277 |
3.218 |
3.736 |
4.416 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
31.03.2022 |
|
|
Sales |
6.532 |
7.708 |
19.230 |
21.093 |
23.139 |
|
|
|
|
|
|
|
|
Sales including all miscellaneous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Less excise |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net sales |
6.532 |
7.708 |
19.230 |
21.093 |
23.139 |
|
|
|
|
|
|
|
|
Cost of Production |
|
|
|
|
|
|
Raw material consumed |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Power & Fuel |
0.244 |
0.256 |
0.960 |
1.296 |
1.555 |
|
|
|
|
|
|
|
|
Direct Labour & wages |
1.209 |
1.226 |
2.424 |
2.666 |
3.200 |
|
|
|
|
|
|
|
|
Consumable stores |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Repairs & Maintenance |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Manufacturing Expenses |
1.254 |
1.355 |
1.800 |
2.430 |
3.086 |
|
|
|
|
|
|
|
|
Depreciation/ Development Rebate Reserve |
1.271 |
1.077 |
5.680 |
5.848 |
5.001 |
|
|
|
|
|
|
|
|
Total Cost of
Production |
3.978 |
3.913 |
10.864 |
12.240 |
12.842 |
|
|
|
|
|
|
|
|
Add: Opening stock-in-process & finished goods |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Deduct: Closing stock-in-process & finished goods |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost of sales |
3.978 |
3.795 |
8.366 |
8.853 |
10.297 |
|
|
|
|
|
|
|
|
Gross Profit |
2.554 |
3.913 |
10.864 |
12.240 |
12.842 |
|
|
|
|
|
|
|
|
Interest on |
0.767 |
1.896 |
3.431 |
2.976 |
2.521 |
|
|
|
|
|
|
|
|
Term Loans |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Working Capital |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Loans if any |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
1.449 |
1.490 |
1.740 |
2.349 |
2.932 |
|
|
|
|
|
|
|
|
Profit before Taxation |
0.338 |
0.408 |
3.195 |
3.527 |
4.844 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.101 |
0.123 |
0.884 |
0.976 |
1.379 |
|
|
|
|
|
|
|
|
Net Profit |
0.236 |
0.286 |
2.311 |
2.552 |
3.465 |
|
|
|
|
|
|
|
|
Depreciation added back |
1.271 |
1.077 |
5.680 |
5.848 |
5.001 |
|
|
|
|
|
|
|
|
Net Cash accuruals |
1.508 |
1.363 |
7.991 |
8.399 |
8.466 |
|
|
|
|
|
|
|
|
Repayment obligations |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Towards term Laon |
0.000 |
40.000 |
35.000 |
30.000 |
25.000 |
|
|
|
|
|
|
|
|
Towards other loan, if any |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Repayment |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Debt service ratio (L:M) |
0.00 |
1.21 |
0.96 |
0.74 |
0.54 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. NALLAMILLI BULLIMOHANA REDDY
(INR IN MILLION)
BANK
|
Bank |
Branch |
S/B/C/D A/c No. |
Present Balance |
|
Andhra Bank |
Anaparthi |
SB A/c No. 8334 |
INR 0.002
Million |
|
ICICI |
Anaparthi |
SB A/c No. 0161 |
INR 0.010
Million |
|
SBI |
Anaparthi |
SB A/c No 5071 |
INR 0.007
Million |
DETAILS
OF ASSETS
MOVABLE PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
Whether
encumbered (Give details) |
|
Flat / House |
Own |
Anaparthi |
Freehold |
Building at Anaparthi D. No. 8-100/1 |
INR 3.729 Million |
INR 10.362 Million |
|
Agri. Land |
Own |
Tokada |
Freehold |
Coconut Gardens D. No. 1/19863,
288/19863, 288/1986, 333/1986 Total Extent Ac. 7.87 cents |
INR 0.075 Million |
INR 9.444 Million |
|
Agri. Land [HUF] |
[HUF] |
Anaparthi |
Freehold |
Agri. Land D. No. 1930/1983, Total Extent Ac. 7.87
cents |
INR 0.013 Million |
INR 5.145 Million |
|
Agri. Land [HUF] |
[HUF] |
Vemulapalli |
Freehold |
Agri. Land D. No.
2034/1983, Total Extent Ac. 7.56 cents |
INR 0.009 Million |
INR 9.072 Million |
|
House |
[HUF] |
Anaparthi |
Freehold |
House D. No. 197/1988 (D. No. 8- 165), D. No |
INR 0.158 Million |
INR 1.800 Million |
|
Site |
[HUF] |
Anaparthi |
Freehold |
D. No. 2474/
2010 (SQ. 405) |
INR 0.405 Million |
INR 2.025 Million |
VEHICLES
|
Type of Vehicle |
Model |
Present value |
|
Car |
S- Cross |
INR 1.145 million |
JEWELLERY
|
Type of Vehicle |
Quantity |
Valuation
(approx..) |
|
Gold |
200 Grams |
INR 0.400 million |
CAPITAL INVESTED IN BUSINESS
|
SRI VENKATESWARA BOILED
AND RAW RICE MILL |
INR 3.789 million |
DETAILS OF
LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Outstanding Balance |
|
SBI |
Car Loan |
INR 0.880 Million |
LEGAL HEIRS / FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
i.
N. Padmavathi |
House Wife |
Wife |
30 |
Married |
NARYANA WELL STREET OLD TOWN, ANAPARTHI |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
DR. BHANDAVI
KARI
(INR IN MILLION)
BANK
|
Bank |
Branch |
S/B/C/D A/c No. |
Present Balance |
|
ICICI |
Anaparthi |
SB A/c No. 2506 |
INR 0.056
Million |
|
SBI |
Anaparthi |
SB A/c No 4941 |
INR 0.008
Million |
DETAILS
OF ASSETS
MOVABLE PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
Whether
encumbered (Give details) |
|
Agri land |
Own |
Anaparthi |
Free hold |
Agri D.No.510/2010, D.No.19/2010, D.No.2866/2015, D.No.511/2010, D.No.512/2010, Total Extent Ac.8.96 cents |
INR 3.787 Million |
INR 13.440 Million |
JEWELLERY
|
Type of Vehicle |
Quantity |
Valuation
(approx..) |
|
Gold |
1600 Grams |
INR 0.512 million |
|
Silver |
10 KGS |
INR 0.065 million |
CAPITAL INVESTED IN BUSINESS
|
CDR Hospital,
Anaparthi |
INR 4.144 million |
LEGAL HEIRS / FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
ii. Karri Sunil Kumar Reddy |
Doctor |
Husband |
36 |
Married |
Kacheichavi DI Street Old Town, Anaparthi |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
DR. SUNILKUMAR REDDY KARI
(INR IN MILLION)
BANK
|
Bank |
Branch |
S/B/C/D A/c No. |
Present Balance |
|
SBH |
Anaparthi |
SB A/c No. 6846 |
INR 0.002
Million |
|
SBI |
Anaparthi |
SB A/c No 4362 |
INR 0.111
Million |
DETAILS
OF ASSETS
MOVABLE PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
Whether
encumbered (Give details) |
|
Agri. land |
Own |
Anaparthi |
Free hold |
Agri. Land D. No. 2766/ 2011, 1171/2004, 1172/2004 Total Extent Ac. 3.84 cents |
INR 1.335 Million |
INR 5.760 Million |
|
Site |
Own |
Anaparthi |
Free hold |
D. No. 2007/2011 (SQ. 1936), D.No. 2488/ 2012 (SQ. 320), D. No. 2568/ 2012 (SQ. 80), D. No. 2017/2012569/ 2012 (SQ. 240), |
INR 0.890 Million |
INR 18.866 Million |
JEWELLERY
|
Type of Vehicle |
Quantity |
Valuation
(approx..) |
|
Gold |
300 Grams |
INR 0.600 million |
CAPITAL INVESTED IN BUSINESS
|
CDR Hospital,
Anaparthi, Sri Viswapriya Poultry Complex, Duppalapudi, Sri Viswapriya
Poultry Complex, Mukkinada |
INR 9.838 million |
DETAILS OF
LIABILITIES
AS BORROWER
|
Purpose of Loan |
Amt. of Loan |
Security |
|
Vehicle Loan |
INR 1.175 Million |
Hyp of vehicle |
LEGAL HEIRS / FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
i. Dr. Karri Bandhavi |
Doctor |
Wife
|
32 |
Married |
Kacheichavidi Street Old Town, Anaparthi |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
BACKGROUND
M/S. C D R Hospitals, a partnership firm constituted on 19th day of May, 2014 by Dr. Karri Sunil Kumar Reddy and Dr. Karri Bandhavi having place of hospital at D.No.7-358, Ramu doctor hospital street, Dharanikota, Anaparthi in East Godavari District.
The promoters established
this unit to running hospital/ nursing home to carry on practice in medicine in
general surgery with specialization by Dr. K. Sunil Kumar Reddy and Gynecology
with specialization by Dr. Bandhavi Karri. The Doctors have MS qualification
and specialization and experience in their respective fields.
The promoters initially took lease two buildings for the purpose of running hospital/ nursing home from Mrs. Pothamsetti Vijaya Lakshmi and Dr. Pothamsetti Janaki Ram Reddy for a period of three years vide lease deed dated 19th day of June 2014. After completion of Lease period of three years, the lessors are at liberty to continue the lease on fresh terms and conditions agreed upon by both the parties. The promoters now plan to construct their own nursing home at Anaparthi. The proposed site is in the name of the partner Dr Karri Sunil Kumar Reddy. Dr. Sunil Kumar Reddy has leased the site to the hospital CDR Hospital for a period of 30 years. They have already started construction work is already started with their own funds.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
16.03.2018 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Karri Sunil Kumar Reddy Chinna Dorriayya Reddy |
|
|
|
|
Location, street, ward no. |
Near D No. 7-69, R.S. No. 682/3B, 682/ 4B, Near SNR AC Function Hall, Golla Street, Anaparthi Village and Panchayath, Anaparthi Mandal, West Godavari Dist., |
|
Prevailing Market Value |
INR 18.866 Million |
|
|
|
|
Distress Sale Value |
INR 15.000 Million |
|
|
|
|
S.R.O. Value |
INR 4.952 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
16.03.2018 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Nallamilli Bulli Mohan Reddy Sathi Reddy |
|
|
|
|
Location, street, ward no. |
R.S. No. 672/7A/1A D. No. 8-49, Narayana Well Street, Anaparthi Village and Panchayath, Anaparthi Mandal, East Godavari Dist., |
|
Prevailing Market Value |
INR 10.362 Million |
|
|
|
|
Distress Sale Value |
INR 8.300 Million |
|
|
|
|
S.R.O. Value |
INR 5.418 Million |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Computer
· Furniture
· Air Conditioner
· Generator
· Printer
· ECG Machine
· Multi Para Monitors
· O T Light
· X- Ray Machine
------------------------------------------------------------------------------------------------------------------------------
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
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.