MIRA
INFORM REPORT
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Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
VINAYAKA MISSION HOSPITAL |
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Registered Office : |
N H 47, Sankari Main Road, Seeragapadi, Salem – 636 308, Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
2001 |
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Legal Form : |
It is a Charitable Trust with Board of Director running the trust |
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Line of Business : |
Providing Medical Care (Hospital Activities) |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed hospital having fine
track. Trade relations are fair. Payments are reported as usually correct and
as per commitments. The hospital can be considered good for normal business dealings at
usual trade terms and condition |
LOCATIONS
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Registered Office : |
N H 47, Sankari Main Road, Seeragapadi, Salem – 636 308, Tamil Nadu,
India |
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Tel. No.: |
91-427-3982000 / 2477909 |
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Fax No.: |
91-427-2477908 |
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E-Mail : |
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Website : |
MANAGEMENT
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Name : |
Dr. A Shanmugasundaram |
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Designation : |
Management |
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Name : |
Mrs. Annapoorani Shanmugasundaram |
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Designation : |
Management |
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Name : |
Dr. S Saravanan |
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Designation : |
Management |
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Name : |
Mr. A S Ganesan |
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Designation : |
Management |
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Name : |
Mr. J S Sathishkumar |
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Designation : |
Management |
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Name : |
Dr. N V Chandrasekar |
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Designation : |
Management |
BUSINESS DETAILS
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Line of Business : |
Providing Medical Care (Hospital Activities) |
GENERAL
INFORMATION
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Bankers : |
· State Bank of India · ICICI Bank Limited · Tamil Nad Mercantile Bank · HDFC Bank |
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Banking
Relations : |
---- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 500.000 millions |
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Borrowed : |
--- |
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Total : |
Rs. 500.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover (Group) |
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1000.000 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Thirumurga Kirupananda Variyar Thavathiru Sundara Swamigal Medical Educational and Charitable Trust was founded in the year 1981 at Salem in Tamil Nadu, India. This is a registered Trust, totally self – supporting with the dedicated Philanthropist and Educationalist.
Dr. A Shanmugasundaram as the Chancellor, founder and Chairman.
To supplemental the government efforts in increasing and improving the trained manpower in Medical / Technical and Management through education in theses areas as a part of Human Resource Development
Providing charitable services in the form of free Medical and Health Services to the needy and under privileged.
As a first step in pursuance of the aim a humble beginning was made by establishing Vinayak Missions College of pharmacy at Salem in 1981. Since then a number of technical, Medical, dental, Homeopathic, paramedical institutions and teacher training institutions were established in different parts of India.
The concern, 410 bed super specialty Care Hospital, is the first Corporate Hospital in Salem.
· The hospital is centrally air-conditioned with all modern infrastructure and advanced equipments.
· The hospital shall be the referral center for Salem, Namakkal, Dharmapuri, Krishnagiri, and Erode, Vilupuram districts.
· Highly qualified doctors and well trained paramedical staff committed to serve with loving care and pleasing service to patients round the clock.
· Equipped with advanced ventilators, Defibrillators, Multi-parameter monitors and other critical care equipments, the ICUs takes care of acute and chronic medical patients.
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Fully equipped Ambulances, ICU on wheels positioned at
strategic locations in and around Salem.
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The Hospital is equipped with Video Conference
facilities and infrastructure to facilitate Telemedicine.
Arrangements for transporting patients in and around Salem are provided.
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The concern is committed to provide the highest
standards of Medical Care by bringing together highly qualified professionals
and most advanced medical equipments. Managed professionally the hospital
provides patients a whole new concept of health care with intention of creating
new avenues in all the fields of medicine.
The facilities and services are provided to the patient
with utmost care and affordable cost.
Physiotherapy and pain relief clinic
Well equipped
Physiotherapy and Rehabilitation centre with latest machines to treat post operative
patients and Geriatric patients.24 Hors availability of physiotherapy
Being a natural and
drug free treatment, physiotherapy is the program of choice for all ages and
wide range of condition.
Their physiotherapist holistically work it combat
• Back and neck pain, Sports injuries, Occupational dysfunction,
Muscular disorders
• Over use injuries, Sprains & strains, Post operative rehabilitation,
Neurological condition, Cardiac rehabilitations, Obesity, Therapeutic foot care
Unique 24 hours services
Ambulance
Their Emergency medical service is equality international Standard. It is run
by the team of emergency Physician (who are the first qualified post grade
emergency physician in India) and qualified paramedic team (who are trained
international health care department.
Their advanced life support is equipped with ventilator ( LTV – 1000 )
Defibrillator monitors and all the emergency equipments. There is no dought
that it will function as a complete Mobile ICU.
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.42.64 |
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UK Pound |
1 |
Rs.83.00 |
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Euro |
1 |
Rs.66.00 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
7 |
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OPERATING SCALE |
1~10 |
7 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
7 |
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--MARGINS |
-5~5 |
--- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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63 |
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
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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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