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Report Date : |
28.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOMBAY HOSPITAL |
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|
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Registered
Office : |
Room No. 722, 7th Floor, MRC Building, Bombay Hospital,
Next To Liberty Cinema, Road No. 12, Marin Lines, Mumbai – 400020,
Maharashtra |
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Country : |
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Year of
Establishment : |
1952 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Trust |
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Line of Business
: |
Providing Healthcare Services. |
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No. of Employees
: |
Information denied by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 trust having good track
record. It is engaged into healthcare services. Rating also takes into
consideration experienced and respectable trustees of the trust. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The subject can be considered for 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US initial
public offering. Alibaba, which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at a
coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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.
INFORMATION DENIED BY
|
Name : |
Mr. Kulkarni |
|
Designation : |
Manager |
|
Contact No.: |
91-22-22067676 |
|
Date : |
24.04.2014 |
LOCATIONS
|
Registered Office : |
Room No. 722, 7th Floor, MRC Building, Bombay Hospital,
Next To Liberty Cinema, Road No. 12, Marin Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22-22067676 / 22067304 / 22067252 / 40511111 |
|
Fax No.: |
91-22-2080871 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
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Indore Hospital : |
Ring Road, Indore,
Madhya Pradesh, Scheme No.54, Vijay Nagar, Indore - 452010, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-4077000 / 4001713 / 4001717 |
|
Fax No.: |
91-731-4266571 |
BOARD OF MANAGEMENT
|
Name : |
Mr. Bharat Kumar Taparia |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Harsh V Lodha |
|
Designation : |
Trustee |
|
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|
Name : |
Mrs. Nandini Nopany |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. Deepak Parekh |
|
Designation : |
Trustee |
KEY EXECUTIVES
|
Name : |
Mr. Shyam Malpani |
|
Designation : |
Dy. Hon Secretary |
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ADMINISTRATION
: |
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|
|
|
Name : |
Dr. D.P Vyas |
|
Designation : |
Medical Director |
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|
Name : |
Mrs. Shaila Bhalekar |
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Designation : |
Director Nursing |
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|
Name : |
Mr. Ramesh Bhattad |
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Designation : |
Jt. Director IR and HR |
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|
Name : |
Dr. R.V. Patil |
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Designation : |
Jt. Director Medical Services |
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|
Name : |
Dr. Rajesh Choumal |
|
Designation : |
Jt. Director Admin and H.E and A.S |
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|
Name : |
Mr. Manoj Singhal |
|
Designation : |
Jt. Director Materials |
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|
Name : |
Mr. Rajkumar Agarwal |
|
Designation : |
Finance Controller |
|
|
|
|
Name : |
Shri G. P. Sharma |
|
Designation : |
Manager |
|
Qualification : |
B.A., LLB. |
|
|
|
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ACADEMIC
|
|
|
|
|
|
Name : |
Dr. S.Jayram |
|
Designation : |
Dean - Bombay Hospital Institute Of Medical Sciences |
|
|
|
|
Name : |
Mr. Kulkarni |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Providing Healthcare Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management. |
|
|
|
|
Bankers : |
Not divulged |
|
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Banking
Relations : |
-- |
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Auditors : |
Not divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
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Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been parted by Mr. Kulkarni
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
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 |
No |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
WEBSITE DETAILS:
Bombay Hospital and
Medical Research Centre - An institution in itself
Mumbai, the centre for quality medical care not only across India, but also the South Asia. A city that has a rich medical history. Situated in South Mumbai is the Bombay Hospital and Medical Research Centre, the medical hub of India's biggest metropolis.
Established over five decades ago, in 1952, The Bombay Hospital was the result of the enormous philanthropy displayed by Shri Rameshwardas Birla, Founder Chairman of the Bombay Hospital Trust. It began as a 440 bed hospital whose objective was, in its founder’s words, “to render the same level of service to the poor that the rich would get in a good hospital.”
Today, the hospital has grown to house over 830 beds, some
of the country’s most advanced diagnostic and surgical equipment, and offers a
comprehensive range of specialised medical services. The objective however,
remains unchanged. Which is why 33% of the patients treated are in the general
ward and pay only for their medicines and consumables. The free OPD at the
hospital successfully treats in excess of 100000 patients each year.
Ever since it was established in 1952, the Bombay Hospital has instilled in its
patients a sense of genuine trust. Trust that has been built by combining
superior medical treatment with a caringly humane attitude. Which is why, in
excess of two lakh people confidently walk through its hallowed doors every
year, year after year.
It is on this sound foundation that the hospital has based its pursuit of excellence in every field of medical specialisation. This has seen fruition in the form of the Medical Research Centre now known as the M P Birla Medical Centre.
The Bombay Hospital presently ranks among the finest multi-speciality tertiary level medical centres in the country. The internationally renowned panel of doctors and consultants in every field of specialisation have, at their disposal, cutting-edge equipment. Supported by a highly trained and professional nursing staff. Little wonder then, that the Bombay Hospital attracts patients from every strata of society. Be it a factory worker from rural India, a high-flying executive from a multi-national company or the likes of former Prime Minister and Governor of Maharashtra.
PRESS RELEASE
Bombay Hospital and
Medical Research Centre, Mumbai
One of the top hospitals in Mumbai, Bombay hospital and medical research center is a well-known multi-speciality, tertiary care hospital located in Mumbai’s CST area. Spread over 500000 square feet with four hospital buildings, Bombay hospital is a premier medical center founded in the year 1950 by RD Birla. Well equipped with 830 beds, 22 operation theaters and over 200 resident doctors, Bombay hospital caters to all specialities of medicine including cardiology, orthopedics, oncology, neurology and many more. What sets this hospital apart is the fact that it houses the RD Birla International Cardiac center that has the country’s largest Coronary Artery Bypass Grafting complex that is said to conducts over 1800 surgeries and 4000 angioplasties every year. Apart from that it has a leading neurosurgery and neurology wing that is capable of handling all types of brain tumours and spinal surgeries. Not only does it look after a patient’s medical needs, it also has a library, museum, and training institute for nurses, further education facilities for its doctors and a pharmacy.
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 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.61.07 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
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.