MIRA
INFORM REPORT
|
Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
APOLLO HOSPITALS ENTERPRISE LIMITED |
|
|
|
|
Registered
Office : |
19 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.12.1979 |
|
|
|
|
Com. Reg. No.: |
008035 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 623.550 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L85110TN1979PLC008035 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA00465D / CHEA09347C /
CHEA08844D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA5443N |
|
|
|
|
Legal Form : |
A Public Limited Liability Company, Company's Shares are Listed on
Stock Exchange |
|
|
|
|
Line of Business
: |
Providing Healthcare Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (71) |
|
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 |
|
Maximum Credit Limit : |
USD 70886600 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed health care service provider
company having excellent track. Financial position of the company appears to
be sound. Fundamentals are strong and healthy. Trade relations are reported
as fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. It can be regarded as a promising business partner in medium to long
run. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
19 Bishop Gardens, Raja Annamalaipuram, Chennai 600028, Tamil Nadu,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
Ali Towers, III Floor, No. 55 Greams
Road, Chennai - 600 006, Tamilnadu, India |
|
Tel. No.: |
91-44-28290956 / 28293896 |
|
Fax No.: |
91-44-28290956 |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. K. Padmanabhan |
|
Designation : |
Group President |
|
|
|
|
Name : |
Mr. Krishnan Akhileswaran |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. S.K. Venkataraman |
|
Designation : |
Chief Strategy Officer |
|
|
|
|
Name : |
Dr. Prathap Reddy |
|
Designation : |
Executive Chairman |
|
|
|
|
Name : |
Mr. T K Balaji |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Deepak Vaidya |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Habibullah Badsha |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Khairil Anuar Abdullah |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Preetha Reddy |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rafeeque Ahamed |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Raj Kumar Menon |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sandeep Naik |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. N Vaghul |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. G. Venkatraman |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. S.M. Krishnan |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mrs. Sangita
Reddy |
|
Designation : |
Executive Director – Operation |
|
|
|
|
Name : |
Mrs. Shobana
Kamineni |
|
Designation : |
Executive Director – Special Initiative |
|
|
|
|
Name : |
Mrs. Suneeta Reddy |
|
Designation : |
Joint Managing Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2012
|
Category of
Shareholder |
Total No. of
Shares |
Total
Shareholding as a % of total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
23,183,693 |
17.96 |
|
|
21,327,924 |
16.52 |
|
|
44,511,617 |
34.48 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
44,511,617 |
34.48 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
681,422 |
0.53 |
|
|
6,136 |
- |
|
|
323,708 |
0.25 |
|
|
2,215,029 |
1.72 |
|
|
53,839,997 |
41.70 |
|
|
57,066,292 |
44.20 |
|
|
|
|
|
|
1,504,443 |
1.17 |
|
|
|
|
|
|
7,053,990 |
5.46 |
|
|
321,466 |
0.25 |
|
|
18,653,341 |
14.45 |
|
|
118,470 |
0.09 |
|
|
91,606 |
0.07 |
|
|
1,915,405 |
1.48 |
|
|
16,199 |
0.01 |
|
|
57,112 |
0.04 |
|
|
122,675 |
0.10 |
|
|
16,331,874 |
12.65 |
|
|
27,533,240 |
21.33 |
|
Total Public shareholding (B) |
84,599,532 |
65.52 |
|
Total (A)+(B) |
129,111,149 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
- |
- |
|
|
- |
- |
|
|
5,355,469 |
- |
|
|
5,355,469 |
- |
|
Total (A)+(B)+(C) |
134,466,618 |
- |
BUSINESS DETAILS
|
Line of Business : |
Providing Healthcare Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Indian Overseas
Bank ·
Andhra Bank ·
Canara Bank ·
Indian Bank ·
Bank of India ·
Citibank ·
IDBI Bank ·
HDFC Bank ·
ICICI Bank ·
State Bank of
Travancore ·
Axis Bank ·
Oriental Bank of
Commerce ·
Standard
Chartered Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Rs. In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S Viswanatha Chartered Accountant |
|
Address : |
Chennai 600004, Tamilnadu, India |
|
|
|
|
Subsidiary Companies : |
·
Unique Home Health Care Limited ·
AB Medical Centres Limited ·
Samudra Healthcare Enterprise Limited ·
Apollo Hospital UK Limited ·
Apollo Health and Lifestyle Limited ·
Imperial Hospital and Research Centre Limited ·
Pinakini Hospital Limited ·
Apollo Cosmetic Surgical Centre Private Limited ·
Alliance Medicorp India Limited ·
ISIS Healthcare India Private Limited ·
Alliance Dental Care Private Limited ·
Mera Healthcare Private Limited |
|
|
|
|
Joint Venture : |
·
Apollo Gleneagles Hospital Limited ·
Apollo Gleneagles PET-CT Private Limited ·
Western Hospital Corporation Private Limited ·
Apollo Munich Health Insurance Company Limited ·
Apollo Lavasa Health Corporation Limited ·
Quintiles Phase One Clinical Trials India Private
Limited |
|
|
|
|
Associates : |
·
Family Health Plan Limited ·
Apollo Health Street Limited ·
Indraprastha Medical Corporation Limited ·
Stemcyte India Therapautics Private Limited |
CAPITAL STRUCTURE
AS ON 22.07.2011
Authorised Capital : Rs.1100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.679.241
Millions
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs. 5 each |
Rs.1000.000 millions |
|
1000000 |
Preference Shares |
Rs. 100 each |
Rs.100.000 millions |
|
|
Total |
|
Rs.1100.000
millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125243728 |
Equity Shares |
Rs. 5 each |
Rs.626.220 millions |
Subscribed & Paid-up Capital : *
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
124710710 |
Equity Shares |
Rs. 5 each |
Rs.623.550 millions |
A) Includes 1836596 equity shares of Rs. 5 each fully paid up allotted on
conversion of first 2 years interest on debenture, 20% on the face value of
debentures and 41624462 equity shares of RS. 5 each fully paid up allotted to
the shareholders of amalgamated companies for consideration other than cash.
B) Includes 4159860 equity shares of Rs. 5 each fully paid up allotted on
preferential basis during the year 2004-05.
C) Includes 3062800 underlying equity shares of Rs. 5 each fully paid up, representing
Global Depository Receipts issued during the year 2005-06.
D) Includes 2079930 equity shares of Rs. 5 each fully paid up allotted
during the year 2006-07 on conversion of equity shares warrants issued on
preferential basis during the year 2005-06.
E) Includes 14094238 equity shares of Rs. 5 each fully paid up allotted to
Apax Mauritius FDI One limited during the year 2007-08 on preferential basis.
F) Includes 3100000 equity shares of Rs. 5 each fully paid up allotted
during the year 2008-09 on conversion of equity shares warrants issued on
preferential basis during the year 2006-07.
G) Includes 3098314 equity shares of Rs. 5 each fully paid up allotted
during the year 2009-10 on conversion of equity shares warrants issued on
preferential basis during the year 2007-08.
H) Includes 1140992 equity shares of Rs. 5 each fully paid up allotted
during the year 2010-11 on conversion of FCCBs amounting US $ 7,500,000 issued
to International Finance Corporation (IFC), Washington.
Equity shares of
face value of Rs. 10 each subdivided into 2shares of Rs. 5 each on 3rd
September 2010. The number of equity shares allotted prior to 3rd
September, 2010 are adjusted to face value of Rs. 5 per shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
623.550 |
617.850 |
602.357 |
|
|
2] Preferential Issue of Equity Share Warrants |
685.070 |
0.000 |
77.099 |
|
|
3] Reserves & Surplus |
16413.030 |
14799.930 |
13029.112 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17721.650 |
15417.780 |
13708.568 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5496.070 |
4714.300 |
4365.524 |
|
|
2] Unsecured Loans |
1914.040 |
2185.570 |
129.291 |
|
|
TOTAL BORROWING |
7410.110 |
6899.870 |
4494.815 |
|
|
DEFERRED TAX LIABILITIES |
1071.060 |
751.460 |
626.560 |
|
|
|
|
|
|
|
|
TOTAL |
26202.820 |
23069.110 |
18829.943 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10457.510 |
9240.370 |
6626.751 |
|
|
Capital work-in-progress |
3523.960 |
2734.120 |
2372.642 |
|
|
|
|
|
|
|
|
INVESTMENT |
6241.120 |
4897.880 |
6292.795 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1505.210
|
1343.440 |
1088.417 |
|
|
Sundry Debtors |
2696.430
|
2055.340 |
1607.354 |
|
|
Cash & Bank Balances |
1413.760
|
2855.580 |
646.160 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
5714.980
|
5170.720 |
3693.223 |
|
Total
Current Assets |
11330.380
|
11425.080 |
7035.154 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1684.240
|
1781.070 |
750.048 |
|
|
Other Current Liabilities |
973.830
|
848.770 |
776.957 |
|
|
Provisions |
2692.080
|
2598.620 |
1970.851 |
|
Total
Current Liabilities |
5350.150
|
5228.460 |
3497.856 |
|
|
Net Current Assets |
5980.230
|
6196.620 |
3537.298 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.120 |
0.457 |
|
|
|
|
|
|
|
|
TOTAL |
26202.820 |
23069.110 |
18829.943 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
23319.620 |
18257.790 |
14579.776 |
|
|
|
Other Income |
213.700 |
329.660 |
223.725 |
|
|
|
TOTAL (A) |
23533.320 |
18587.450 |
14803.501 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operative Expenses |
12788.040 |
9944.640 |
8096.509 |
|
|
|
Employees Remuneration |
3572.000 |
2863.810 |
2210.510 |
|
|
|
Other Expenses |
3.280 |
3.450 |
5.803 |
|
|
|
Administrative Expenses |
3186.860 |
2633.370 |
2065.738 |
|
|
|
TOTAL (B) |
19550.180 |
15445.270 |
12378.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3983.140 |
3142.180 |
2424.941 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
587.320 |
377.470 |
223.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3395.820 |
2764.710 |
2201.781 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
702.580 |
543.060 |
439.203 |
|
|
|
|
|
|
|
|
|
Less |
EXTRAORDINARY
ITEM |
0.000 |
0.000 |
40.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2693.240 |
2221.650 |
1722.387 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
876.060 |
702.010 |
541.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1817.180 |
1519.640 |
1180.693 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1474.070 |
1208.760 |
1247.923 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1000.000 |
750.000 |
750.000 |
|
|
|
Dividend |
467.670 |
432.500 |
401.602 |
|
|
|
Tax on Dividend |
75.860 |
71.830 |
68.255 |
|
|
|
Transfer to Debenture Redemption Reserve |
100.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1647.720 |
1474.070 |
1208.760 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.66 |
12.31 |
-- |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2011 |
30.09.2011 |
31.12.2011 |
31.03.2012 |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net Sales |
6410.100 |
6997.500 |
7147.500 |
7445.600 |
|
Total Expenditure |
5350.800 |
5832.500 |
5963.800 |
6245.300 |
|
PBIDT (Excl OI) |
1059.300 |
1165.000 |
1183.700 |
1200.300 |
|
Other Income |
46.600 |
69.500 |
103.800 |
64.600 |
|
Operating Profit |
1105.900 |
1234.500 |
1287.500 |
1264.900 |
|
Interest |
149.400 |
177.600 |
126.70 |
154.900 |
|
PBDT |
956.500 |
1056.900 |
1160.800 |
1110.000 |
|
Depreciation |
197.700 |
227.900 |
242.500 |
240.80 |
|
Profit Before Tax |
758.800 |
829.000 |
918.300 |
869.200 |
|
Tax |
246.100 |
271.400 |
271.800 |
276.000 |
|
Profit After Tax |
512.700 |
557.600 |
646.500 |
593.200 |
|
Net Profit |
512.700 |
557.600 |
646.500 |
593.200 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.72
|
8.17 |
7.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.54
|
12.16 |
11.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.36
|
10.75 |
12.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.14 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.78
|
0.83 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
2.18 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
No |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
No |
RESULTS OF OPERATIONS:
The gross revenue of the company increased to
Rs. 23533 million compared to Rs. 18587 millions in the previous year, registering
an impressive growth of 27%. The profit after tax for the year increased by 20%
to Rs. 1817 million compared to Rs. 1520 millions in the previous year.
During the year, the consolidated gross
revenue of the company increased to Rs. 26240 millions compared to Rs. 20587
millions in the previous year, registering an impressive growth of 27%. Net
profit after minority interest for the group increased to Rs. 1839 millions
from Rs. 1376 millions representing a growth of 34%.
FINANCIAL
PERFORMANCE:
·
FY12 Revenues Rs 31 475 up 20 8% yoy)
·
FY12 Consolidated EBITDA of Rs. 5131 millions (up
22.5% yoy)
·
FY12 Consolidated EBITDA margin at 16.3% as
compared to 16.1% in FY11
·
Consolidated PAT of Rs. 2194 millions (up 19.3%
yoy);
·
Q4 FY12 Consolidated revenues of Rs. 8572 millions
(up 20.4%)
·
Q4 FY12 Consolidated EBITDA of Rs. 1309 millions
(up 25.9%)
·
Q4 FY12 Consolidated EBITDA margin at 15.3% as
compared to 14.6% in FY11
KEY OPERATIONAL
HIGHLIGHTS:
·
Hyderabad cluster continues to display strong
growth. Average occupancy at 577 beds (62% utilization on 930 beds) as compared
to 526 beds (65% utilization on 809 beds) in FY12. Strong volume growth on
focus COE’s like Cardiology (36%), Neurosciences (23%), Gastro (27%),
Transplants (64%) and Oncology (30%).
·
Bhubaneswar occupancy at 144 beds (65% utilization
on an increased capacity of 220 beds) as compared to 78 beds in FY12, due to
increased patient footfalls and admissions. Q4FY12 EBITDA margins at 16% from
5% in the same period last year.
·
SAP continues its EBITDA expansion trajectory
despite adding 74 new stores in Q4. Gross stores added in Q4 FY12 81 and stores
closed 7. Added 263 stores and closed 98 stores in FY12.
·
Apollo Munich achieved a Gross Written Premium of
Rs. 4759 millions against Rs. 2835 millions achieved during the same period in
the previous year representing a growth of 68%. The incurred claim ratio
improved to 58 % (FY12) from 62 % (FY11) due to prudent underwriting and
improved pricing.
FIXED ASSETS:
·
Land
·
Buildings
·
Medical Equipments and
Surgical Instruments
·
Electrical Installation
and Generators
·
Office Equipment
·
Furniture and Fixtures
·
Boilers
·
Vehicles
·
Computer Software
NEWS:
APOLLO HOSPITALS GROUP
- THE ONLY HEALTHCARE ORGANIZATION IN THE WORLD TO BE DECLARED AS A WINNER OF
G20 CHALLENGE ON INCLUSIVE BUSINESS INNOVATION BY THE GROUP OF 20!
19.06.2012
The Group of 20
announced the winners of the G20 Challenge on Inclusive Business Innovation, a
global competition managed by IFC, a member of the World Bank Group at the G20
Summit in Los Cabos, Mexico, on June 18, 2012.
Apollo Hospitals was declared a winner (the only healthcare organization
in the World) for it's Reach Hospitals initiative. Apollo Reach Hospitals is an
initiative of the Apollo Hospitals Group to take quality tertiary healthcare to
semi-urban and rural areas in the country. Apollo Hospitals Group provides
specialized medical services in India's underserved rural areas and smaller
towns
Apollo Reach
Hospitals were created to bridge the healthcare access gap by making
specialized healthcare available to the poorest people. The Apollo Reach
Hospital in Karimnagar, Andhra Pradesh was chosen by Apollo Hospitals Group to
represent its model in the G20 Challenge. Dr. Manmohan Singh, Hon'ble Prime
Minister of India inaugurated this facility in 2008. This pioneering initiative
of the Apollo Hospitals Group aims to reach world-class healthcare to semi
urban and rural India. Apollo Reach has a wide array of offerings apart from
regular medical facilities, including pharmacies to insurance services.
Ms Preetha Reddy,
Managing Director, Apollo Hospitals Group said, "We are extremely proud to be
recognized by the G20 for our efforts in bringing about a visible change in the
lives of people at the bottom of the pyramid (BOP). More than 25 percent of
families in India live on the margins, spending less than US$70 a month on
goods and services. Many of their basic needs go unmet, and they have little
access to clean water, financial services, and education. More than 85 percent
of these families live outside major cities. Unfortunately, most tertiary
healthcare facilities in India are located in major metropolitan areas –
meaning that most Indians have little or no access to specialized healthcare
services. We consider it our responsibility to extend the same kind of
healthcare services and facilities to smaller towns. This is our way of
reinvesting in the ecosystem and contributing to the Indian society at
large."
Apollo Reach
Hospitals operate in less-developed population centres – termed Tier II cities
– and offer medical care at rates up to 30 percent lower than other major
hospitals. Within Reach Hospitals, low-income care is subsidized by services
sold to high-income patients from the same area.
The world's
leading economies launched the G20 Challenge to rapidly expand commercially
viable businesses that serve the large numbers of low-income people that
constitute the base of the global economic pyramid. Its goal is to identify,
showcase, and support innovative business models that can be replicated across
developing countries.
The online
competition was launched to find the best examples worldwide of businesses in
developing countries that provide critical goods, services, and livelihood
opportunities in financially, environmentally, and socially sustainable ways to
those living at the bottom of the pyramid, called 'inclusive businesses'. The
G20 Challenge on Inclusive Business Innovation recognized businesses with
innovative, scalable, and commercially viable ways of working with low-income
people in developing countries.
An independent
judging panel - including representatives from the G20, the private sector,
academia, foundations, and International Finance Institutions - selected 15
Challenge winners based on the following criteria:
·
Innovation
·
Development results
·
Potential for growth, including replication of the
business model in other markets
·
Financial sustainability
·
Environmental and social sustainability
"The winners
demonstrate that commercially viable companies can also provide economic
opportunities for poor people-along with better access to clean water,
electricity, health care, education, housing, phone services, and financial
services." said Lars Thunell, IFC Executive Vice President and CEO.
"They provide impressive models for others to follow."
The awards were
presented by Ambassador Rogelio Granguillhome, Chair of the G20 Development
Working Group, Dr. Edmund Duckwitz, Ambassador of Germany to Mexico and Mr.
Lars Thunell, Executive Vice President of IFC at a grand award ceremony on June
18, 2012.
APOLLO HOSPITALS PARTNERS WITH NATIONAL SKILL DEVELOPMENT CORP. (NSDC),
A PUBLIC-PRIVATE PARTNERSHIP TO PROMOTE SKILLS AMONG INDIANS.
12.06.2012
Apollo Hospitals
has formed a subsidiary to impart healthcare-related training to 392,000 people
in 10 years. NSDC has agreed to buy a stake in Apollo Med Skills Limited, a
Unit of the Apollo Hospitals Group.
The investment on
the project will be around Rs.390.000 Millions, of which NSDC will loan Rs.
251.300 Millions to Apollo Med Skills. Apollo will contribute Rs.98.800
Millions. NSDC will also buy a 27% stake in Apollo Med Skills for Rs.36.500
Millions.
Dr. K. Prabhakar, Chief
Executive Officer of Apollo Med Skills, said the company is entering the sector
because it realises the requirement for trained manpower. Dr. Prabhakar said
the group formed the unit towards the end of 2011 and was engaged with NSDC for
the partnership. "We have now got their board approval," he said.
The company will
train people in subjects such as medical lab technology, dialysis and
non-invasive cardiac courses, radiology and imaging, and operation theatre
technology. It will also train doctors and nurses to update their skills.
Ms.S angita Reddy,
executive director of operations at Apollo Hospitals, will oversee the work of
the training subsidiary as a director.
NSDC
representative said. "Since they are an established player, we can expect
complete commitment from them."
The company plans
to set up about 47 centres in Andhra Pradesh, Tamil Nadu, Bihar, Orissa,
Jharkhand, Karnataka and West Bengal. "Since, we have partnered with NSDC,
we can use some government school buildings for running classes, especially in
the evenings," Dr. Prabhakar said.
Apollo will also
find jobs for the trained people in its hospitals and other healthcare centres.
APOLLO HOSPITALS
CHENNAI ORGANIZES ACTIVITIES TO CREATE AWARENESS ON ORAL AND LUNG CANCER ON THE
OCCASION OF "WORLD NO TOBACCO" DAY ON MAY 31ST.
31.05.2012
Apollo Cancer
Institute, Chennai urges people to kick tobacco chewing and smoking habits and
organizes activities in collaboration with Madras Road Transport Corporation to
create awareness on Oral and Lung cancer on the occasion of "World No
Tobacco" day on May 31st.
"World No
Tobacco" Day (WNTD) is observed around the world every year on May 31. It
is meant to encourage a 24-hour period of abstinence from all forms of tobacco
consumption across the globe. The day is further intended to draw global
attention to the widespread prevalence of tobacco use and to negative health
effects, which currently lead to 5.4 million deaths worldwide annually.
According to WHO
tobacco is the second major cause of death worldwide. For creating the
awareness for oral and lung cancer and also the harmful effects of tobacco
usage, Apollo Speciality Cancer Hospital arranged a series of activities,
throughout the no tobacco campaign week.
With the mission
of making Chennai a healthy city, Apollo Cancer Institute, Chennai have
collaborated with Madras Road Transport Corporation (MTC) and organized series
of activities on this occasion. An awareness talk and Pulmonary function tests
were organized for the staff of Madras Transport Corporation. Usually the
drivers from MTC are more prone to hazards of pollution and they are also in
the forefront of active as well as passive smoking and chewing tobacco, in
order to reduce the stress that they come across in their day today work.
Keeping this in mind, Apollo Cancer Institute has taken the initiative to
educate the staff of MTC against the harmful effects of tobacco and smoking.
More than 500 employees from Madras Transport Corporation are expected to benefit
from this test conducted.
Apart from this
major campaign Apollo has also initiated various activities, focused on PSUs,
Corporates to create awareness on the harmful effects of smoking and tobacco.
Again, PFT test is being conducted and awareness talks are organised at these
Corporates to highlight on the need for a Healthy Life style and importance of
regular cancer screening. Around 10 Corporates have been screened throughout
the week, which includes screening of more than 1000 people. The workforce which
includes more than 5000 people, have been given awareness on the hazards of
smoking and chewing tobacco through awareness talks by Cancer Specialists from
Apollo Speciality Cancer Hospital. The Corporates have also joined
wholeheartedly in this noble initiative from Apollo Hospitals.
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
71 |
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.