|
Report Date : |
21.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAX HEALTHCARE INSTITUTE LIMITED |
|
|
|
|
egistered Office
: |
Max House, 1, Dr. Jha Marg Gokhla, New Delhi - 110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.06.2001 |
|
|
|
|
Com. Reg. No.: |
55-111313 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5203.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL2001PLC111313 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM0815B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Healthcare Services. |
|
` |
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Company has incurred loss from its operation in the year 2013. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Max House, 1, Dr. Jha Marg Gokhla, New Delhi – 110020, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 23.09.2013
|
Name : |
Mr. Analjit Singh |
|
Designation : |
Director |
|
Address : |
15, Aurangzeb Road, New Delhi – 110011, Delhi, India |
|
Date of Birth/Age : |
11.01.1954 |
|
Qualification : |
BA,BS, MBA (Boston) |
|
Date of Appointment : |
03.05.2002 |
|
DIN No.: |
00029641 |
|
|
|
|
Name : |
Mr. Rahul Khosla |
|
Designation : |
Director |
|
Address : |
58, Coronation Drive, Singapore – 269604, india |
|
Date of Birth/Age : |
29.08.1959 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
19.07.2012 |
|
DIN No.: |
03597562 |
|
|
|
|
Name : |
Mr. Omkar Goswami |
|
Designation : |
Director |
|
Address : |
E-121, Masjid Moth, 1st Floor, Greater Kailash – III, New
Delhi – 110048, India |
|
Date of Birth/Age : |
29.08.1956 |
|
Qualification : |
D.Phil (Ph.D) |
|
Date of Appointment : |
19.07.2012 |
|
DIN No.: |
00004258 |
|
|
|
|
Name : |
Mr. Pradeep Kumar Chowbey |
|
Designation : |
Whole-time director |
|
Address : |
C-4/41, Safdarjung Development Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
14.02.1951 |
|
Qualification : |
MS, MNANS, FIMSA, FIAS, FICS |
|
Date of Appointment : |
18.11.1951 |
|
PAN No.: |
AADPC5388G |
|
DIN No.: |
01141637 |
|
|
|
|
Name : |
Mr. Kwong Ming Fock |
|
Designation : |
Director |
|
Address : |
18, Jalan Tambur, Singapore – 576785, India |
|
Date of Birth/Age : |
12.06.1949 |
|
Qualification : |
Graduated from University of Singapore & M.Med (Int. Med) |
|
Date of Appointment : |
03.03.2010 |
|
DIN No.: |
02911635 |
|
|
|
|
Name : |
Mr. Kummamuri Murthy Narasimha |
|
Designation : |
Director |
|
Address : |
1-2-593/29, Gaganmahal Colony, Domalguda, Hyderabad – 500029, Andhra
Pradesh, India |
|
Date of Birth/Age : |
13.08.1957 |
|
Qualification : |
B.Sc., F.C.A., F.I.C.W.A |
|
Date of Appointment : |
26.08.2009 |
|
DIN No.: |
00023046 |
|
|
|
|
Name : |
Mr. Peter George Harper |
|
Designation : |
Director |
|
Address : |
19, Montpelier Square, SW7 1 JR, London, NA, United Kingdom |
|
Date of Birth/Age : |
30.08.1945 |
|
Qualification : |
MBBS MD |
|
Date of Appointment : |
31.10.2011 |
|
DIN No.: |
03600372 |
|
|
|
|
Name : |
Mr. Sanjiv Kumar Singh Marya |
|
Designation : |
Director |
|
Address : |
115, Vista Villas, Green Wood City, Sector – 46, Gurgaon – 122003,
Haryana, India |
|
Date of Birth/Age : |
26.05.1958 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05152758 |
|
|
|
|
Name : |
Mr. Jonathan Richard Lowick |
|
Designation : |
Director |
|
Address : |
38, Victoria Street, Oaklands, 2192, South Africa |
|
Date of Birth/Age : |
22.02.1970 |
|
Qualification : |
BCom, HDip (Acc), CA(SA) |
|
Date of Appointment : |
19.07.2012 |
|
DIN No.: |
05227008 |
|
|
|
|
Name : |
Mr. Ajay Bakshi |
|
Designation : |
Managing director |
|
Address : |
B-49, 1st Floor, Defence Colony, New Delhi – 110024, India |
|
Date of Birth/Age : |
25.11.1968 |
|
Date of Appointment : |
21.05.2013 |
|
DIN No.: |
05254187 |
|
|
|
|
Name : |
Mr. Nilesh Kumar Patel |
|
Designation : |
Director |
|
Address : |
4, Montagu Road, Morningside, Johannesburg, 2057, South Africa |
|
Date of Birth/Age : |
01.02.1969 |
|
Date of Appointment : |
26.10.2012 |
|
DIN No.: |
06411941 |
|
|
|
|
Name : |
Mr. Ajit Singh |
|
Designation : |
Director |
|
Address : |
221, Kipling Street, Palo Alto, 94301, United States of America |
|
Date of Birth/Age : |
30.10.1963 |
|
Qualification : |
Ph.D |
|
Date of Appointment : |
28.01.2009 |
|
DIN No.: |
02525853 |
KEY EXECUTIVES
|
Name : |
Mrs. Ruchi Mahajan |
|
Designation : |
Secretary |
|
Address : |
C-91, Airport Appartments, Vikas Puri, New Delhi – 110018, India |
|
Date of Birth/Age : |
03.11.1979 |
|
Date of Appointment : |
21.05.2013 |
|
PAN No.: |
AKBPM3071E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 23.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Max India Limited, India |
|
281392760 |
|
Mohit Talwar |
|
1 |
|
B Das |
|
1 |
|
Sujatha Ratnam |
|
1 |
|
V Krishnan |
|
1 |
|
Yogesh kumar Sareen |
|
1 |
|
Yogesh Kumar Gupta |
|
1 |
|
International Finance Corporation |
|
9090909 |
|
Sanjeev Kumar Singh Marya |
|
750000 |
|
Pradeep K Chowbey |
|
2000000 |
|
Life healthcare International (Pty) Limited, South Africa |
|
102799670 |
|
|
|
|
|
Total |
|
396033345 |
As on: 23.09.2013
|
Names of Preference share |
|
No. of
Preference share |
|
|
|
|
|
International Finance Corporation |
|
125000000 |
|
|
|
|
|
Total |
|
125000000 |
As on: 01.10.2013
|
Names of Allottees |
|
No. of Allottees |
|
|
|
|
|
International Finance Corporation |
|
22955268 |
|
|
|
|
|
Total |
|
22955268 |
As on: 03.10.2013
|
Names of Allottees |
|
No. of Allottees |
|
|
|
|
|
Life healthcare International (Pty) Limited, South Africa |
|
8293742 |
|
|
|
|
|
Total |
|
8293742 |
Equity Share Break up (Percentage of Total Equity)
As on: 23.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
28.30 |
|
Bodies corporate |
|
71.00 |
|
Directors or relatives of directors |
|
0.70 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Healthcare Services. |
||||
|
|
|
||||
|
Products: |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Canara Bank, Ett Section 51,Stock Exchange Tower, 1-Cross,J.C.Road, Bangalore - 560027, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
|
· Srei Equipment Finance Private Limited, 'Vishwakarma', 86c, Topsia Road, Kolkata - 700046, West Bengal, India · Housing Development Finance Corporation Limited, Ramon House 169 backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India · Infrastructure Development Finance Company Limited, Ramon House,2nd Floor, 169, Backbay Reclamation , Mumbai - 400020, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Llp Chartered Accountants |
|
Address : |
Golf View Tower, BSector-42 |
|
PAN No.: |
ACHFS9180N |
|
|
|
|
Holding company: |
· Max India Limited CIN No.: L24223PB1988PLC008031 |
|
|
|
|
Joint venture : |
· Nova Medical Centers NCR Region Private Limited CIN No.: U85110DL2010PTC205155 |
|
|
|
|
Subsidiary company: |
· Max Neeman Medical International Limited CIN No.: U74999DL1999PLC102149 · Max Bupa Health Insurance Company Limited CIN No.: U66000DL2008PLC182918 · PHARMAX CORPORATION Limited CIN No.: U24232PB1989PLC009741 · Max Life Insurance Company Limited CIN No.: U74899DL2000PLC106723 · Max India Foundation · NEW DELHI HOUSE SERVICES LIMITED CIN No.: U70101PB1998PLC021363 · HOMETRAIL BUILDTECH PRIVATE LIMITED CIN No.: U45400DL2008PTC176962 · ALPS HOSPITAL LIMITED CIN No.: U74899DL1989PLC036413 · HOMETRAIL ESTATE PRIVATE LIMITED CIN No.: U45400DL2008PTC176963 · MAX MEDICAL SERVICES LIMITED CIN No.: U74899DL1994PLC061314 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
780000000 |
Equity Shares |
Rs.10/- each |
Rs. 7800.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
520380000 |
Equity Shares |
Rs.10/- each |
Rs. 5203.800
Millions |
|
|
|
|
|
|
|
As on: 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
925000000 |
Equity Shares |
Rs.10/- each |
Rs. 9250.000 Millions |
|
125000000 |
Preference share |
Rs.10/- each |
Rs. 1250.000 Millions |
|
|
Total |
|
Rs. 10500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
396033345 |
Equity Shares |
Rs.10/- each |
Rs. 3960.333
Millions |
|
|
125000000 |
Preference share |
Rs.10/- each |
Rs. 1250.000 Millions |
|
|
|
Total |
|
Rs. 5210.333 Millions |
|
After: 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000000 |
Equity Shares |
Rs.10/- each |
Rs. 10500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
492751102 |
Equity Shares |
Rs.10/- each |
Rs. 4927.511
Millions |
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5203.800 |
5203.800 |
5408.300 |
|
(b) Reserves & Surplus |
1670.400 |
2455.400 |
(750.000) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
250.000 |
|
Total Shareholders’ Funds (1) + (2) |
6874.200 |
7659.200 |
4908.300 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1964.800 |
2130.400 |
2303.100 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
8.200 |
11.700 |
0.000 |
|
(d) long-term
provisions |
933.500 |
725.200 |
30.400 |
|
Total Non-current
Liabilities (3) |
2906.500 |
2867.300 |
2333.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1315.300 |
697.800 |
834.600 |
|
(b)
Trade payables |
1015.400 |
877.900 |
598.600 |
|
(c)
Other current liabilities |
705.000 |
761.700 |
435.200 |
|
(d) Short-term
provisions |
85.600 |
60.700 |
1104.700 |
|
Total Current
Liabilities (4) |
3121.300 |
2398.100 |
2973.100 |
|
|
|
|
|
|
TOTAL |
12902.000 |
12924.600 |
10214.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4500.500 |
3621.300 |
2303.600 |
|
(ii)
Intangible Assets |
181.200 |
212.700 |
22.500 |
|
(iii)
Capital work-in-progress |
11.900 |
662.500 |
602.900 |
|
(iv) Intangible assets under development |
85.400 |
16.000 |
106.100 |
|
(b) Non-current
Investments |
2379.600 |
2447.600 |
251.800 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3274.500 |
2690.400 |
4276.900 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10433.100 |
9650.500 |
7563.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
200.000 |
|
(b)
Inventories |
118.800 |
107.200 |
64.100 |
|
(c)
Trade receivables |
1577.900 |
1576.500 |
1142.700 |
|
(d) Cash
and cash equivalents |
218.000 |
729.200 |
272.600 |
|
(e)
Short-term loans and advances |
318.800 |
297.700 |
936.800 |
|
(f)
Other current assets |
235.400 |
563.500 |
34.900 |
|
Total
Current Assets |
2468.900 |
3274.100 |
2651.100 |
|
|
|
|
|
|
TOTAL |
12902.000 |
12924.600 |
10214.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5911.400 |
4622.500 |
4036.800 |
|
|
|
Other Income |
395.700 |
497.900 |
494.900 |
|
|
|
TOTAL (A) |
6307.100 |
5120.400 |
4531.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
2357.900 |
1864.000 |
1525.200 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(11.600) |
(43.100) |
14.100 |
|
|
|
Employee benefit expense |
1398.700 |
1235.600 |
892.000 |
|
|
|
Other expenses |
2405.600 |
1816.200 |
1592.700 |
|
|
|
TOTAL (B) |
6150.600 |
4872.700 |
4024.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
156.500 |
247.700 |
507.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
421.100 |
387.000 |
355.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(264.600) |
(139.300) |
152.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
313.600 |
189.600 |
146.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(578.200) |
(328.900) |
5.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(578.200) |
(328.900) |
5.700 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
0.993 |
0.200 |
|
|
|
Trading Goods |
NA |
0.007 |
0.089 |
|
|
TOTAL IMPORTS |
NA |
1.000 |
0.289 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.46) |
(1.06) |
0.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(9.17) |
(6.42) |
0.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.78) |
(7.11) |
0.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.55) |
(3.36) |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08) |
(0.04) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48 |
0.37 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.80 |
1.37 |
0.89 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deferred payment Indian sources |
8.600 |
29.600 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Rupee term loans from banks |
1000.000 |
500.000 |
|
|
|
|
|
Total |
1008.600 |
529.600 |
OPERATING PERFORMANCE
The year witnessed consistent progress by the existing hospitals. At the same time, new hospitals ramped up aggressively as expected and experienced improved footfalls month after month. The sound and steady performance of the Company is manifested by the Revenues for the year. The standalone revenue for the said year was Rs. 6300.000 millions registering an annual growth of 23% and the revenue from operations stood at Rs. 5910.000 millions as against Rs. 4620.000 millions for the corresponding previous year, registering a growth if 28%. The operational performance was driven by strong performance by existing network and aggressive ramp up by new hospitals.
With the growth in the operating revenues during the year and addition of new hospitals, the expenses grew by 26% to Rs. 6885.300 millions. A large part of these expenses were in the nature of personnel costs for doctor, nurses, para- medical and other support staff hired for ramping up the new hospital.
Further, with the addition of new hospitals during the year, the depreciation and amortization expenses grew by 65% to Rs.310.000 millions, the depreciation increases with the full capitalization of last year projects. The loss before tax increased to Rs 578.200 millions and a large part of this is attributed to new hospitals.
Expanding and deepening the footprints of network hospital has helped us to touch increasing number of lives during the year and the Company continues to strive towards improving the value proposition it offers to the patients and general public. You Max Network of Hospitals has touched a new milestone with in-patients and out-patients’ footfalls. Out-patients’ footfalls crossed one million in 2012-13 for the first time since its existence. The overall patient footfalls have been more than 1.300 millions, thereby registering a growth of 21% against the previous year. During the 2012-13, the Company added 0.290 millions new patients to the network. The consistent improvements in patient numbers reflect growing confidence of their patients and community at large in Max Hospitals.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458916 |
26/09/2013 |
1,500,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B89014096 |
|
2 |
10412453 |
31/07/2013 * |
750,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B82271875 |
|
3 |
10411805 |
18/03/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B70770847 |
|
4 |
10321201 |
15/11/2011 |
34,920,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B26899765 |
|
5 |
10321193 |
15/11/2011 |
39,330,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B26896951 |
|
6 |
10321198 |
15/11/2011 |
89,883,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B26898858 |
|
7 |
10220903 |
21/12/2011 * |
600,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B29959889 |
|
8 |
10220901 |
21/12/2011 * |
1,250,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B29949831 |
|
9 |
10176947 |
21/12/2010 * |
200,000,000.00 |
INDUSIND BANK LTD. |
2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
B02498764 |
|
10 |
80064354 |
08/02/2006 |
750,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE |
- |
|
11 |
90059242 |
10/06/2008 * |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
A40985798 |
|
12 |
80000282 |
01/03/2006 * |
2,100,000,000.00 |
CANARA BANK |
ETT SECTION, 51, STOCK EXCHANGE TOWERS, 1ST CROSS, J C ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
A00093203 |
|
13 |
80000716 |
30/03/2010 * |
2,400,000,000.00 |
CANARA BANK ET AND T |
51, 1 ST CROSS J C ROAD, BANGALORE, KARNATAKA - 560027, INDIA |
A86046943 |
|
14 |
80063033 |
21/12/2011 * |
1,050,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B29958899 |
* Date of charge modification
FIXED ASSETS
· Land and Buildings
· Plant and equipment
· Motor vehicles
· Computer Equipments
· Office equipment
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 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 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. 62.24 |
|
|
1 |
Rs. 101.81 |
|
Euro |
1 |
Rs. 84.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.