MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE SOCIETY FOR THE REHABILITATION OF CRIPPLED CHILDREN |
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Registered Office : |
Haji Ali Park, K. Khadye Marg, Mahalaxmi, Mumbai 400034, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
1948 |
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Com. Reg. No.: |
1688 [Bom] 26.10.1948, PTA [No. F – 382] |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT10450G |
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PAN No.: [Permanent
Account No.] |
AABTS6721R |
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Legal Form : |
Charitable Organisation |
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Line of Business : |
To organize Hospital and Clinics for Diagnoses, care and Treatment of
children with disability and other medical conditions. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Charitable Organisation |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a Charitable Organization operating since last 6
decades. We spoke to Mrs. Charu Jhaveri
[Honourable General Secretary] and Mrs. Punewala, who declined to part with
any information, despite divulging the name of Canbank Factors. This report is based on the information
collected from indirect sources of information. No further details could be made available. The Organisation can be considered for business dealings at usual
trade terms and conditions, with slight caution, initially. |
LOCATIONS
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Registered Office : |
Haji Ali Park, K. Khadye Marg, Mahalaxmi, Mumbai 400034, Maharashtra,
India |
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Tel. No.: |
91-22-24920030 / 24981942 / 24944226 |
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Fax No.: |
91-22-24944032 |
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E-Mail : |
KEY EXECUTIVES
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Name : |
Mrs. Charu Jhaveri |
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Designation : |
Honourable General Secretary |
BUSINESS DETAILS
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Line of Business : |
To organize Hospital and Clinics for Diagnoses, care and Treatment of
children with disability and other medical conditions. |
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Products and Services offer: |
Ø Family
Counseling Ø Provide Training
to therapists and special educators |
GENERAL
INFORMATION
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No. of Employees : |
Full Time 62 [ Paid 56 + Voluntary 6] Part Time 19 [ Paid 17 + Voluntary 2] |
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Bankers : |
Not Available |
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Banking
Relations : |
--- |
CAPITAL STRUCTURE
NA
FINANCIAL DATA
[all figures are in Rupees Millions]
NA
LOCAL AGENCY
FURTHER INFORMATION
Motto: The motto is that
‘No child should go without treatment for want of money’. Comprehensive case
under one roof is essential and thus assessment and treatment, including
education and rehabilitation are offered.
FCRA NO. : 083780041
AIMS AND MISSION
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To organize Hospital and Clinics for Diagnoses, care and Treatment of
disabled children and children in need of any other medical treatment.
Ø To undertake research activities in the field of diagnosis, care,
treatment and rehabilitation of disabled and crippled children.
Ø To create and educate public opinion on the problem of such afficted
children
Ø To collect, compile and publish statistics and maintain related to the
frequency of poliomyelitis in India.
Motto: ‘No child
should go without treatment because of the parents inability to meet
expenses.’ Every effort is made to find
the required finances through kind donors.
Ø
On date – The Children’s Orthopedic Hospital
which offers comprehensive diagnosis, medical and surgical care and total
rehabilitation [Physiotherapy, occupational Therapy, Hydrotherapy, Educational
Therapy] for Polio, Cerebral palsy and other disabling conditions. A fully equipped Appliances Workshop to
manufacture required calipers and prosthesis.
A recognized School for Remedial Education that assists children with a
variety of learning handicaps to secure 10th and 12th
Standard Certificates of the Open National School. Future expansion plans – to develop and establish facilities for
comprehensive pediatric healthcare.
Geographical Area of Operation
Located at Haji Ali in Mumbai, with one side
facing the Arabian Sea and access from K. Khadye Marg, the facilities are
ideally located in this large metropolis, Referrals come from distant suburbs
of the city and from neighbouring countries of Nepal, Sri Lanka and the Middle
East.
Interested to Collaborate with: Financially sound corporate with interest in
offering healthcare services, Healthcare providers with excellent track records
to provide guidance.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.66 |
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UK Pound |
1 |
Rs. 77.79 |
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Euro |
1 |
Rs. 58.22 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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