MIRA
INFORM REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ARYA VAIDYA SALA |
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Registered
Office : |
Kottakkal, District Malapuram - 6765093, Kerala |
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Country : |
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Year of Establishment
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1902 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHNA00059D |
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Legal Form : |
Charitable Institute (Trust) |
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Line of Business
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Manufacturer and Services provider of propagation of ayurveda. |
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No. of Employees
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2300 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (63) |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a +100 years old charitable institute. Trade relations are
fair. Fundamentals are strong and healthy. Payments are reported as usually
correct and as per commitments. The institute can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL INFORMATION)
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Name : |
Mr. Vishak |
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Designation : |
Executive HR |
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Contact No.: |
91-483-2808000 |
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Date : |
01.06.2011 |
LOCATIONS
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Registered Office : |
Kottakkal, District Malapuram -
6765093, |
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Tel. No.: |
91-483-2742216/17/18/19 |
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Fax No.: |
91-483-2742210/2742572 |
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E-Mail : |
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Website : |
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Branch Office : |
Mumbai 109, Tej Gaurav Building, Telang Roaf, Mattunga East, Mumbai – 400019, Maharashtra, India Tel : 91-22 - 24016879 Email : avsho@sancharnet.in
AH and RC , Kottakkal, 18x 19x, Karkarooma Institutional Area, Tel : 91-11 22376534-37 Email : ahrcdelhi@aryavaidyasala.com AH and RC , Santhigiri Ashram Complex, Pookkattupadi, 11/488, Edathala North, Alluva Ernakulam-683564, Kerla, India Tel : 91 484 6450125 Email : ahrckochi@aryavaidyasala.com ALUVA Lourdhe Centre, Alluva Eranakulam – 683101, Kerla, India Tel : 91-484-2623549 Email : avsho@sancharnet.in
37/3 , Krishna Kuteera, T Mariappa Road, II Block, 10th
Main Road, Jayanagar, Bangalore – 560011, Karnataka, India Tel : 91-80-26572956 Email: avsho@sancharnet.in KOTTAKKAL Compound Room Kottakkal, Malappuram Kerala – 676503, India Tel : 91-483-2742216 Email : avsho@sancharnet.in CHENNAI 196, E.V.R. Peryar Salai, Tel : 91-44-26411226 Email: avsho@sancharnet.in 320. Dr. Rajendra Prasad Road, (100 FEET ROAD) Tatabad, Coimbatore –
641012, Tamil Nadu, India Tel : 91-422-2491594 Email: avsho@sancharnet.in ERNAKULAM M.G Road, Ernakulam- 682016, Kerla,
India Tel : 91-484-2375674 Email : avsho@sancharnet.in KANNUR Pillayar Kovil Road Kannur Kerla-670001, India Tel : 91-497-2761164 Email avsho@sancharnet.in KOLKATHA Bajranga Bymgar 199, Sarat Bose Road, Kolkata – 700029, West Bengal,
India Tel : 91-33- 24630661 Email : avsho@sancharnet.in KOTTAYAM IV/21, Madukkani Centre Kanhikkuzhi Junction P O Muttambalam Kottayam
Kerala - 686004 Tel : 91-481-2574817 Email : avsho@sancharnet.in Kallai Road, Kozhikode Kerala –
673002, India Tel : 91-495-2302666 Email: avsho@sancharnet.in Vanitha Beehive 114, Vakkil New Street, Simmakkal Madurai-625001,
Tamil Nadu, India Tel : 91-452-2623123 Email : avsho@sancharnet.in |
MANAGING TRUSTEE
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Name : |
Dr. P. K. Warrier |
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Designation : |
Managing Trustee and Chief Physician |
KEY EXECUTIVES
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Name : |
Mr. Vishak |
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Designation : |
Executive HR |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Services provider of propagation of ayurveda. |
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Products : |
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Terms : |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
·
Service Provider |
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No. of Employees : |
2300 (Approximately) |
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Bankers : |
Not Available |
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Banking
Relations : |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
Profile:
Subject is a century old Charitable Institution engaged in the
practice and propagation of Ayurveda, the ancient health care system of
Subject was established at Kottakkal in
Subject manages Ayurvedic Hospitals at Kottakkal,
The Beginning:
Sri P. S. Varier, scion of an illustrious family of
Kottakkal in the Malabar region of Kerala, was an extraordinary man. He was a
multi-faceted personality: a renowned Ayurvedic scholar and academician, an
able practitioner; a successful entrepreneur, and a genuine philanthropist...
all at the same time!
Sri Varier studied Ayurveda under the classical Gurukula system. He also
acquired proficiency in the practice of Allopathy.
In late 1902, Sri Varier founded the subject, Kottakkal, for the preparation of
authentic Ayurvedic medicines.
The rest is history. Today, Kottakkal subject is a name
synonymous with Ayurveda. A name that offers a new lease of life to the
suffering humanity.
Recognition:
In 1933, in recognition of his valuable services to humanity, Sri P. S. Varier
was conferred the distinguished title of 'Vaidyaratna' by His Excellency the
Viceroy and Governor General of
Sri Varier wrote text books of students of Ayurved. One of
them, Ashtangasariram, won a certificate in 1932 from the National Organisation
of Physicians.
First Managing
Trustee:
Founder in his will had named the members of the board to
administer siubject after his demise. Accordingly his nephew Aryavaidyan P.
Madhava Varier became the first Managing Trustee in 1944. He was in office till
he passed away in a tragic aircrash in 1953. He initiated the process of
modernizing of subject and laid down the foundation for many later developments
including the nursing home.
Present Managing
Trustee
Dr. P. K. Warrier
Managing
Trustee and Chief Physician
Aryavaidyan P.K. Warrier became the Managing Trustee on the
demise of his brother P.M. Varier. He is leading Subject for more than half a century.
Dr. P.K. Warrier serves also as the Chief Physician ably assisted by other
senior and experienced physicians. Under his leadership subject has grown into
a multi-core, multi-unit, organization and has been recognized as the premier
centre of Ayurveda in the country. Subject became the destination of ailing
patients, rich and poor alike, students and scholars from
P.K. Warrier made his imprints as an able administrator, educationist and academician and above all a physician of international repute. Dr. Warrier is the person most sought after in national and international conferences. His most important works are Padamudrakal – a collection of scientific papers and Smrtiparvam, his autobiography.
Honours / awards
Dr. P.K. Warrier, a fellow of
- The All India
Ayurvedic conference gave him the title of Ayurveda Maharshi in 1997.
- The President
of India bestowed on him the title of ‘Padmashri’ at Rashtrapatibhavan on
23.3.99.
- Rotary Club
of Calicut gave him ‘For the Sake of Honour’ award in 1999.
- The
- Chilla Pratibha
Puraskar was presented to him on 16.1.2000 by the Hon’ble Governor of
Tamilnadu.
- The reputed
Bhoopalan Singh Karki special honour was awarded to him at a glittering
function held at
- He has been
nominated for ‘the pioneers of health in 2000’ award by the SAAOL Health
and Research Foundation,
- The
- He is also
the recipient of the Dhanwantari Award instituted by the Dhanwantari Foundation,
Mumbai for outstanding medical men. This was presented to him on
4.11.2001.
- Dr. Poulose
Mar Gregorios Award was awarded to him by the Rashtrapati in
- The first
Adisamman Puraskar instituted by the
- The Kerala
Management Association conferred on him the Management Leadership Award
for the year 2002.
- Pandit Shiv
Sharma Oration Award was presented to him in
- The Ernakulam
Press Club honoured him by presenting
- PS John
Memorial Endowment Award in April 2003.
- The National
Association for Science and Arts (N.A.S.A.), Thiruvananthapuram, conferred
on him The Sevanaratnam Award 2003 in June, 2003.
- Patanjali
Puraskaram instituted by the Ayurvedic Medicine Manufactures Organization
was presented to him on 11.07.203.
- Dr. C.P.
Menon Memorial Award was awarded to him for his book Padamudrakal on
20.09.2003.
- C. Achutha Menon
Award was presented to him in Trissur by Achutha Menon Society for Human
Action on 16.08.2004.
Positions
held / holding
- Project Officer,
Clinical Research Unit (CCRAS) at Kottakkal.
- Member,
Governing Body and Executive Committee of the Kerala Ayurvedic Studies and
Research Society, Kottakkal.
- Member,
Ayurveda Advisory Committee and Committee on Drugs Control, under the
Government of Kerala.
- Member, Task
Force on Ayurveda and Homeopathy under the State Planning Board and Kerala
Bio-diversity Committee.
- Member,
Commission on WTO concerns in Agriculture constituted by Govt. of Kerala.
- Member,
Kerala State Management Association, All
- Member of the
Panel of Ayurvedic and Other Systems of Medicine, constituted by the
Government of India.
- President of
All
- President,
Kerala Ayurveda Mandalam.
- Member of the
Central Council of Indian Medicine, Central Council for Research in
Ayurveda and Siddha.
- Pharmacopoeia
Committee member.
- Member,
Scientific Advisory Committee under CCRAS.
- Member,
Ayurvedic Pharmacopoeia Committee.
- Member,
Ayurveda, Siddha and Unani Drugs Technical Advisory Board under Govt. of
- Member of the
- Member,
Standing Committee for Health, Sewerage and Water Supply and Nutrition
under the State Planning Board.
- Vice
President of IASTAM (International Association for the Study of
Traditional Asian Medicine).
- Dean, Faculty
of Ayurveda and Chairman, Board of Studies in Ayurveda for the
- Member,
Travancore-Cochin Medical Council.
Kottakkal Arya Vaidya Sala – An Overview
- Founded in 1902
by the Late Vaidyaratnam P.S. Varier at Kottakkal in Malappuram district
of Kerala State.
- The nearest
Railway stations in TIRUR (Malappuram Dist), on the Chennai-Mangalore
railway line, at a distance of 16 k.m.
- Kottakkal is
situated at a distance of about 165 km from
- A Charitable
Trust of Public nature having two production units, one at Kottakkal,
Malappuram Dist and another at Kanjikode, Palakkad district for the
manufacture of about 500 genuine ayurvedic medicines.
- Their
- Provide
Panchakarma and other Kerala special treatments under the guidance of
expert ayurvedic physicians. These treatments are found effective for
various ailments like Paralysis, Arthritis, Spondylosis etc.
- They also
have a charitable hospital where deserving poor patients are given
ayurvedic and allopathic treatments, medicines, accommodation and food
free of cost.
- Hospitals at
other locations across the country other than Kottakkal to provide
ayurvedic treatment, to patients from northern parts of
- Branches at
- The Late
Vaidyaratnam P.S. Varier founded an Ayurveda Pathasala in 1917 for
effective propagation of the system of Ayurveda. This Pathasala later
became the
- Undertaken
the task of planned cultivation of medicinal plants in our various herbal
gardens as part of a project of conservation and sustainable use of medicinal
plants.
- The Research
and Development Department of the institution is actively engaged in
research work for modernization of production and quality control of
ayurvedic drugs. An Ongoing Research Programme with CSIR-DST-IICT (Govt.
of India) is intended to evolve modern standards for materials, processes
and products.
- They have a
separate department for the publication of various books on ayurveda and
medicinal plants. A Quarterly medical journal “Arya Vaidyan” is published
by us.
- Their
founder, the late Vaidyaratnam P.S.Varier, a connoisseur of arts, founded
a dramatic troupe which was later converted to the famous Kathakali
troupe, P.S.V. Natyasangham. This troupe has eminent artistes who stage
Kathakali performances in
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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|
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.64.58 |
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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.