44 Ill. Adm. Code 650.210
Computation of Financial Rating
Section 650
Section 650.210 Computation
of Financial Rating
The Department will use the
financial data required by Sections 650.180, 650.190, and 650.200 of this Part
to determine an applicant's financial rating by means of the formula set forth
below. If the rating determined by the formula results in a negative value,
the applicant will not be prequalified.
a)
Total Current Assets
$
(1)
b)
Discounted Assets
$
(2)
c)
Net Current Assets
(line 1 minus line 2)
$
(3)
d)
Current Liabilities
$
(4)
e)
Allowable Net Current Assets
(line 3 minus line 4)
$
(5)
f)
Total Allowable Real Estate
$
(6)
g)
Total Allowable Equipment
$
(7)
h)
Total Allowable Net Current
Assets,
Real Estate and Equipment
(line 5 plus line 6 plus line
7)
$
(8)
i)
Multiplication Factor
(if line 8 is negative to
$200,000 use 10)
(if line 8 is between $200,001
and $300,000 use 11)
(if line 8 is over $300,001
use 12)
10, 11 or 12
(9)
j)
Maximum Financial Rating
(line 8 x line 9 and round
table nearest thousand)
$
(10)