MIRA INFORM REPORT

 

 

 

Report Date :

20.05.2008

 

IDENTIFICATION DETAILS

 

Name :

SIR GANGA RAM HOSPITAL

 

 

Registered Office :

Rajinder Nagar, New Delhi- 110060

 

 

Country :

India

 

 

Year of Establishment:

1951

 

 

Legal Form :

This is a reputed Charitable Institution, Managed by Trustees and Board of Managements.

It is a non-profit making organization.

 

 

Line of Business :

Charitable Hospital

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a reputed charitable hospital employs 2000 people. It’s trade relations are fair. Payments are usually correct and as per commitments.

 

The Hospital can be considered good for any normal business dealings.

 

 

LOCATIONS

 

Registered Office :

Rajinder Nagar, New Delhi- 110060

Tel. No.:

91-11-25735205 / 25861463

Fax No.:

91-11-25861002

E-Mail :

gangaram@sgrh.com

Website :

http://www.sgrh.com/main/adm.htm

 

 

Corporate Office :

W E Area,Karol Bagh

Tel. No.:

91—25781837/25730299

Website :

http://www.sgrh.com

 

 

BOARD OF TRUSTEES

 

Name :

 Mr. Tej Ram

Designation :

Chairman

Mobile No.:

91-9811210503

 

 

Name :

 Mr. Shiv Ram

Designation :

Vice Chairman

Mobile No.:

91-9811210502

 

 

Name :

Dr. A.K. Seth 

Designation :

Honorary Secretary

Mobile No.:

91-9811090486

 

 

Name :

Mr. Indu Vira

Designation :

Honorary Treasurer

Mobile No.:

91-9811210665

 

 

Name :

 Dr. K.C. Mahajan

Designation :

Member

Mobile No.:

91-9811018909 

 

 

Name :

Dr. B.K. Vohra

Designation :

Member

Mobile No.:

91-55656462

 

 

Name :

Mrs. Shanta Krishan Mohan

Designation :

Member

Mobile No.:

 

 

 

Name :

Dr. V.K. Dewan

Designation :

Member

Mobile No.:

91-9810458386

 

 

Name :

 Mrs. Hema Siddarth Chand

Designation :

Member

Mobile No.:

9899801934

 

 

Name :

Dr. (Mrs.) S.K. Bhandari

Designation :

Member

 

 

Name :

Mr. Ashok Chandra

Designation :

Member

Mobile No.:

91-9811788442

 

 

Name :

 Dr. S.K. Sama

Designation :

Member

Mobile No.:

91-9811158688

 

 

Name :

Mr. Ajay Goel 

Designation :

 Member

Mobile No.:

 

 

 

Name :

Mrs. Vinita Chopra 

Designation :

Member

Mobile No.:

91- 9810582788

 

 

BOARD OF MANAGEMENT

 

Name :

Dr. B.K. Rao

Designation :

Chairman 

Mobile No.:

91-9811177755

 

 

Name :

Dr. D.S. Rana

Designation :

Honorary Secretary

Mobile No.:

91-981103398

 

 

Name :

Dr. S.P. Byotra

Designation :

Honorary Joint Secretary-cum-Treasurer 

Mobile No.:

91-9811047379

 

 

Name :

Mr. Shiv Ram 

Designation :

Member 

Mobile No.:

91-9811210502

 

 

Name :

Mr. Indu Vira 

Designation :

Member 

Mobile No.:

91-9811210665

 

 

Name :

 Dr. S.K. Sama

Designation :

Member

Mobile No.:

91-9811158688

 

 

Name :

Dr. P.K. Khanna

Designation :

Member

Mobile No.:

9811158699

 

 

Name :

Dr. K.P. Jain

Designation :

Member

Mobile No.:

91-9811033986

 

 

Name :

Dr. (Mrs.) Usha Saxena

Designation :

Member

 

 

Name :

 Dr. M. Dewan

Designation :

Member

 

 

Name :

Dr. Vijay Arora

Designation :

Member

Mobile No.:

9811047384

 

 

Name :

Dr. P.S. Maini

Designation :

Member

 

 

Name :

Dr. (Mrs.) Indrani Ganguli

Designation :

Member

Mobile No.:

91-9811035592

 

 

Name :

Dr. K. Chugh

Designation :

Member

Mobile No.:

91-9811049763

 

 

Name :

Dr. P.K. Chowbey

Designation :

 Member

Mobile No.:

9811047274

 

 

Name :

Dr. Randhir Sud

Designation :

 Member

Mobile No.:

91-9811047387

 

 

Name :

Dr. A.K. Bhalla

Designation :

Member

Mobile No.:

91-9811047377

 

 

Name :

Dr. Ajay Swarup

Designation :

Member

Mobile No.:

9811021911

 

 

Name :

Dr. Anurag Krishna

Designation :

 Member

Mobile No.:

91-9810060565

 

 

Name :

Dr. Jayashree Sood

Designation :

Member

Mobile No.:

91-9811294608/ 9810065796

 

 

Name :

Dr. H. Jauhari

Designation :

Member

Mobile No.:

9811082989

 

 

Name :

Dr. C. S. Agrawal

Designation :

Member

 

 

Name :

Dr. Rajiv Parakh

Designation :

 Member

Mobile No.:

91-9811047390/ 9818737367

 

 

Name :

Dr. J.P.S. Sawhney

Designation :

Member

Mobile No.:

91-9810059773

 

 

Name :

Dr. A. K. Grover

Designation :

 Member

Mobile No.:

91-9811083026

 

 

HOSPITAL ADMINISTRATION

 

Name :

Dr. (Mrs.) Nalini Kaul

Designation :

Director Medical

Mobile No.:

9811211351

 

 

Name :

Mr. Jawahar Ghadiok

Designation :

Director Administration

Mobile No.:

9811267384

 

 

Name :

Mr. P.N. Sharma

Designation :

Director Finance

Mobile No.:

 

 

 

Name :

Mr. T. Jagannathan

Designation :

MA (Public Adm), DHA

Chief Administrative Officer 

Mobile No.:

9899919900

 

 

Name :

Dr. V.K. Kapur

Designation :

MBBS, DCH, MHA

 Additional Director Medical

Mobile No.:

9312943710

 

 

Name :

Dr. Reena Kumar

Designation :

  MBBS, MHA 

 Additional Medical Superintendent

Mobile No.:

9899464346

 

 

Name :

Dr. Naveen Jain

Designation :

MBBS, MS (General Surgery), MBA (Healthcare Administration)
Medical Superintendent, City Hospital

Mobile No.:

 

 

 

Name :

Dr. Sunita Sunda

Designation :

MBBS, PGDHHM

Deputy Medical Superintendent 

Mobile No.:

9350230368

 

 

Name :

Dr. Sanjay Aggarwal

Designation :

MBBS,PGDHHM 
Deputy Medical Superintendent

Mobile No.:

9811811643 

 

 

Name :

Dr. Sudhakar Vira

Designation :

MBBS
Senior Medical Administrative Officer

Mobile No.:

9312943725

 

 

Name :

Dr. Ramji Kackar

Designation :

M.D. (Gen. Med.)

Senior Staff – Physician

Mobile No.:

9312943727

 

 

Name :

 Mr. Deepak Golani

Designation :

Manager Marketing 

Mobile No.:

9810124662

 

 

Name :

Mr. T.L. Sood

Designation :

Public Relation Officer

Mobile No.:

9873537200

 

 

Name :

Mr. Ajoy Sehgal

Designation :

Manager Media Relations 

Mobile No.:

9811143730

 

 

Name :

Mr. L.C. Jain

Designation :

Manager Legal

Mobile No.:

9311074162

 

 

Name :

CHAIRMAN'S SECRETARIAT 

Ms. Meenu Anand

Designation :

Executive Assistant to Chairman, Board of Management

Mobile No.:

9811220999

 

 

Name :

Ms. Chitra Gurumurthy

Designation :

Asst. Manager (MIS)

Mobile No.:

9910633177

 

 

NURSING ADMINISTRATION

 

Name :

Lt. Col (Retd) Usha Pandey 

Designation :

Nursing Superintendent 

Mobile No.:

9811772614

 

 

Name :

Mr. A. Isadore

Designation :

Deputy Nursing Superintendent

Mobile No.:

9818020470

 

 

Name :

 Mrs. R. Sapra

Designation :

Principal, School of Nursing

Mobile No.:

9350813111

 

 

BUSINESS DETAILS

 

Line of Business :

Charitable Hospital

 

 

GENERAL INFORMATION

 

No. of Employees :

2000

 

 

Bankers :

Syndicate Bank, Rajinder Nagar, Delhi

 

 

 

Banking Relations :

Satisfactory

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

As this is a Charitable Institution, no financials are available. Subject has to file financials with Charity Commissioner whose details are not available to public at large.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

History :

 

Subject is a 650-bed multi-speciality state-of-the-art hospital in Delhi. It provides comprehensive health care services, and has acquired the status of a premier medical institution. It is the only hospital in the private sector that has maintained nearly 100% bed occupancy due to its reputation of providing the highest level of medical services to patients from Delhi and neighbouring states.
The hospital was founded initially in 1921 at Lahore by Sir Ganga Ram (1851-1927), a civil engineer and leading philanthropist of his times. After the partition in 1947, the present hospital was established in New Delhi on a plot of land approximately11 acres. The foundation was laid in April 1951 by the then Prime Minister of India Shri Jawahar Lal Nehru and inaugurated by him on 13 April 1954.

 

Business:

 

 

 

 

 

 

Achievements

 

 

Future Plans

 

 

Hospital News

 

INSPIRATION AWARD BESTOWED TO DR. D.S. RANA

 

Dr. D.S. Rana, Chairman, Department of Nephrology, Subject was bestowed with “Inspiration Award” by the Govt. of Himachal Pradesh on the occasion of Himachal Day on 15 April 2008 at Hamirpur, Himachal Pradesh.

 

This is one of the top prestigious awards of the Govt. of Himachal Pradesh delivered by Prof. Prem Kumar Dhumal, Hon'ble Chief Minister, Govt. of Himachal Pradesh.

 

SGRH PROUDLY ANNOUNCES DGHS APPROVAL TO CARRY OUT CARDIAC TRANSPLANTATION


  SGRH proudly announces DGHS approval to carry out Cardiac Transplantation



Subject has added another feather to its cap. The Director General of Health Services (DGHS) recently approved the facilities at Dharma Vira Heart Centre as being appropriate for commencing a cardiac transplantation program. They are in the process of to implement this program in the shortest possible time frame.

 

12TH SIR GANGA RAM ORATION (13 APRIL 2008)


The 12th Sir Ganga Ram Oration was delivered by Prof. Samir K Brahmachari, Director General, Council for Scientific and Industrial Research (CSIR) on “Engineering Biosystems – Beyond the Horizon. The Oration took place at the Ball Room, Hotel Hyatt Regency, Bhikaji Cama Place, New Delhi on Sunday, 13 April 2008 at 7:00 pm.

 

FOUNDER’S DAY FUNCTION (13 APRIL 2008)

 

The Founder’s Day Function was held on Sunday, the 13 April 2008 in the hospital premises. Shri Ajay Maken, Hon’ble Minister of State for Urban Development, Govt. of India was the Chief Guest.

 

SIR GANGA RAM HOSPITAL HONOURED WITH "OVERALL BEST HOSPITAL OF THE YEAR" AWARD

 

Subject was honoured with "Overall Best Hospital of the year" in the non-corporate category. The award was received by Dr. B K Rao, Chairman, Board of Management at a glittering ceremony presided over by Deputy Chief Minister of Maharashtra Mr. Patil at J. W. Marriott Hotel, Mumbai on 28th March 2008. The Healthcare Excellence award 2008 had been instituted by The Express Group and Express Healthcare to honour the visionaries in the field of healthcare and to salute the 'indomitable spirit' of the Indian Healthcare Industry. The award recognizes the sterling efforts of those path-breaking healthcare outfits, who by the sheer weight of their performance have set new industry benchmarks en route to emerging as icons of excellence.

 

 

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 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

Rs. 42.64

UK Pound

1

Rs .83.00

Euro

1

Rs.66.00

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILIRY

1~10

8

--LIQUIDITY

1~10

8

--LEVERAGE

1~10

8

--RESERVES

1~10

8

--CREDIT LINES

1~10

8

--MARGINS

-5~5

--

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

TOTAL

 

72

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions