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Product | Quantum (Rs. Cr) | Long Term Rating | Short Term Rating |
Bank Loan Ratings | 40.00 | - | Not Applicable | Withdrawn |
Total Outstanding | 0.00 | - | - |
Total Withdrawn | 40.00 | - | - |
Rating Rationale |
Acuité has withdrawn the proposed short-term facilites of Rs.40 crore without assigning any rating of Adhiparasakthi Charitable Medical Educational And Cultural Trust. |
About the Company |
Adhiparasakthi Charitable Medical Educational and Cultural Trust is a Tamil Nadu based trust founded by Mr. G Bangaru in the year 1978. The trust is based out of Melmaruvathur, Tamil Nadu. The trust is engaged in providing educational services offering courses such as MBBS, Dental, Nursing, Engineering, School and Secondary education, among others. The Trust is also running 1000 bedded hospital in Tamil Nadu. They receive donations from the general public, followers besides core revenues from educational institutions and hospital fee receipts. |
Unsupported Rating |
Not Applicable |
Analytical Approach |
Not Applicable |
Key Rating Drivers |
Strengths |
Not applicable |
Weaknesses |
Not Applicable |
Rating Sensitivities |
Not Applicable |
Liquidity Position |
Not applicable |
Outlook: Not Applicable |
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Other Factors affecting Rating |
None |
Particulars | Unit | FY 19 (Provisional) | FY 18 (Actual) |
Operating Income | Rs. Cr. | 174.62 | 174.22 |
PAT | Rs. Cr. | 26.72 | 48.78 |
PAT Margin | (%) | 15.30 | 28.00 |
Total Debt/Tangible Net Worth | Times | 0.00 | 0.00 |
PBDIT/Interest | Times | 356.05 | 1074.31 |
Status of non-cooperation with previous CRA (if applicable) |
Not Applicable |
Any other information |
None |
Applicable Criteria |
• Default Recognition :- https://www.acuite.in/view-rating-criteria-52.htm • Service Sector: https://www.acuite.in/view-rating-criteria-50.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm |
Note on complexity levels of the rated instrument |
In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in. |
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About Acuité Ratings & Research |
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