Sri Anu Hospitals Private Limited established by Dr. Gajula Ramesh in 2012 in Vijayawada, Andhra Pradesh, operates a chain of multispeciality hospitals across Vijayawada, with an aggregate bed capacity of over 400 hospital beds. Anu’s recognition as a multispecialty tertiary hospital chain in the healthcare industry is envisioned by its founder.

Anu mybaby hospital, Vijayawada is incorporated on 09-01-2021. It provides treatment for four NICU (Neonatal Intensive care units) facilities namely 1. Obstetrics, 2. Gynaecology 3. Paediatrics 4. Fertility(IVF) Hospital is equipped with the facilities like mobile maternity, vaccination units, emergency ambulance services with built-in bud suits, and mobile unit ICU to transfer sick neonates. It is the only hospital in Krishna district, Andhra Pradesh to provide level four NICU facilities.Hospitals' mobile ICU units serve suburban and rural populations, transferring and caring for pregnant women at their homes. Anu MyBaby Hospital also pioneered new methods of childbirth, such as water births and painless normal delivery. The hospital has a specialist team of neonatologists and paediatricians who use advanced technology to care for newborns and manage newborns who require special and intensive care. It is equipped with one stop women care services under one roof, Gynaecology dealing with high-risk pregnancy, Neonatology and IVF treatment.

Acuite has considered consolidated business and financial risk profiles of Sri Anu Hospital Pvt ltd and Anu mybaby hospitals private ltd to arrive the rating, hereinafter, referred to as “Sri Anu Hospitals Group(SAHG)” on account of their common management, strong operational and financial linkages.
Extent of consolidation: Full.

• Ability of the hospital to scale up operations with sustaining operating margins

• Ability to increase the occupancy level.

The liquidity position of group is adequate with sufficient net cash accruals of Rs.5.01 Cr for FY2022 as against the repayment obligation of Rs.4.86 Cr during the same tenure. The group maintained cash and bank balance of Rs.2.43 Cr as on March 31, 2022. Current ratio of group remained at 0.55 times for the FY2022 as against 1.52 times for FY2021. Group’s GCA days stood at 83 days making it dependent on bank borrowings for working capital. The average bank utilisation stood at 81 percent during the last 6 months ending March 2022.

Acuité believes that APPL will maintain a ‘Stable’ outlook in near to medium term on account of its experienced management and improving operating performance. The outlook may be revised to 'Positive' if the company is able to achieve higher than expected growth in revenue while effectively managing its working capital cycle and keeping the debt levels moderate. Conversely, the outlook may be revised to negative in case of moderation in liquidity profile and its profitability margins, and deterioration in debt protection indicators.

­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.