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Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMRITA INSTITUTE OF MEDICAL SCIENCES AND RESEARCH CENTRE |
|
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Registered
Office : |
AIMS Ponekkara, P. O Kochi – 680 041, Kerala |
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Country : |
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Date of
Incorporation : |
17.05.1998 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Institutes Research
Centre |
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Line of Business
: |
Provide
Affordable Medical Care to Patients. |
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|
No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a non-profit
making organization having financial assistance from Sri Mata
Amritanandamayi. It is an
established and reputed organization. Trade relation are fair. Business is
active. Payment terms are usually correct. Subject can be
considered good for business dealing 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 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of Amway
India was arrested by the Andhra Pradesh Police in connection with a complaint
against the direct selling firm. This is the second time that he has been taken
into custody. A year, ago the Kerala Police had arrested Pinckney and two
company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ravindra Nath |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-0484-280 1234 |
|
Date : |
01.07.2014 |
LOCATIONS
|
Registered Office : |
AIMS Ponekkara, P. O Kochi – 680 041, Kerala, India |
|
Tel. No.: |
91-484-2801234/ 2851234 / 4001234 / 6681234 |
|
Fax No.: |
91-484-2802020 |
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E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Dr. Prem Nair |
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Designation : |
Director |
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Experience : |
|
|
Name : |
Mr. Ron Gottsegen |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ravindra Nath |
|
Designation : |
Finance Manager |
BUSINESS DETAILS
|
Line of Business : |
Provide
Affordable Medical Care to Patients. |
|
|
|
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Imports : |
|
|
Products : |
Medical Equipment |
|
Countries : |
· Germany · USA |
|
|
|
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Terms : |
|
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
75 (Approximately) |
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Bankers : |
· Dhanlaxmi Bank Aims Branch, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
|
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Name : |
Raja and Company Chartered Accountants |
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|
|
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Associates/Subsidiaries : |
· Amritha Enterprises (Private) Limited |
CAPITAL STRUCTURE
|
Capital Investment : |
|
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Ravindra Nath.
FINANCIAL ANALYSIS
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 |
No |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
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 |
Amrita Institute of Medical Science (AIMS) brings together a dedicated team
of physicians, nurses, and other healthcare professionals to provide the
highest standards of medical treatment. Our full range of primary and specialty
care medical services enables cross-specialty consultation, which assures
outstanding treatment for each patient. Our extensive infrastructure
offers facilities comprising 25 modern operating theatres, 210 equipped intensive-care
beds, a fully computerized and networked Hospital Information System (HIS), a
fully digital radiology department, NABL accredited clinical laboratories
and 24 / 7 telemedicine service.
The Amrita Institute of Medical Sciences is the adjunct to the term
"new universalism" coined by the World Health Organization. This
massive healthcare infrastructure with over 3,330,000 sq. ft of built-up area
spread over 125 acres of land, supports a daily patient volume of about 3000
outpatients with 95 percent inpatient occupancy. Annual patient turnover
touches an incredible figure of over 779,055 outpatients and nearly 47,577
inpatients.
Amrita offers a total and comprehensive health solution comparable to the
best hospitals in the world. The AIMS team comprises physicians, surgeons and
other healthcare professionals of the highest calibre and experience. AIMS
features one of the most advanced hospital computer networks in India. The
network supports more than 2000 computers and has computerized nearly
every aspect of patient care including all patient information, lab testing and
radiological imaging.
In the fifteen short years since its inception, Amrita Institute of Medical
Sciences (AIMS) has grown from a 115 bed specialty hospital to a 1450 bed
super-specialty tertiary care health centre with an attached medical college
hospital. On the 17th of May 1998, AIMS was inaugurated by the then Prime
Minister of India, Shri Atal Bihari Vajpayee, in the presence of Her Holiness,
Sri Mata Amritanandamayi Devi.
The Institution is nationally accredited by the National Assessment and
Accreditation Council (NAAC) with "A" Grade. Other accreditations
received by the hospital include the International Organization for
Standardization (ISO 9001-2008), National Accreditation Board for Testing and
Calibration Laboratories (NABL) for laboratories and National Accreditation
Board for Hospitals and Healthcare Providers (NABH).
With extensive facilities comprising 25 modern operating theatres, 210 equipped
intensive-care beds, a fully computerized and networked Hospital Information
System (HIS), a fully digital radiology department, NABL accredited clinical
laboratories and a 24/7 telemedicine service, AIMS offers a total and
comprehensive health solution comparable to the best hospitals in the world.
The institution is equipped with 12 Super Speciality Departments and 45 other
departments. The hospital is using Fully Digital Imaging Services as the first
institution in South East Asia.
The AIMS team comprises physicians, surgeons and other healthcare
professionals of the highest caliber and experience. The institution now has
4500 support staff and 670 faculty members. AIMS features one of the most
advanced hospital computer networks in India. It owns a Fully Integrated Health
Care Delivery System. Another unique feature is the Teleconnectivity which
connects it to 36 Centres in India, 32 in the African Subcontinent and 6 in
other Countries. A PET (Positron Emitting Tomography) CT scanner, the first of
its kind in the state of Kerala and which is extremely useful for early
detection of cancer, has been installed in AIMS and was inaugurated in July
2009 by Dr. A. P. J. Abdul Kalam, former President of India.
FACT SHEET AND
CHARITABLE ACTIVITIES:
Amrita Institute of Medical
Sciences has grown from a 115-bed multi-speciality hospital
to a 1450-bed super-speciality tertiary care referral health centre with an
attached medical college hospital having an additional 400-bed facility. This
massive health care infrastructure with over 50 clinical departments, a dozen
para-clinical departments, having a built-up area of 3,330,000 sq.ft spread
over 125 acres of land. It supports a patient volume of 3000 outpatients with
95 percent inpatient occupancy. Annual patient turnover exceeds 779,055
outpatients and nearly 47,577 inpatients.
With extensive facilities comprising 25 modern
operating theatres, 210 equipped intensive-care beds, a fully computerized and
networked Hospital Information System (HIS), a fully digital radiology
department, NABL accredited clinical laboratories and 24 / 7 telemedicine
service, Amrita offers a total and comprehensive health solution comparable to
the best hospitals in the world.
The educational institutions of Amrita Vishwa
Vidyapeetham, a University established under section 3 of UGC Act 1956, has at
its Health Sciences Campus in Kochi, the Amrita School of Medicine, the Amrita
Center for Nanosciences, the Amrita School of Dentistry, the Amrita College of
Nursing, and the Amrita School of Pharmacy. Each of these schools are committed
to being centers of excellence providing value-based medical education, where
the highest human qualities of compassion, dedication, purity and
service are instilled in youth.
Parent Organization
Mata Amritanandamayi Math, a registered Public
Charitable Trust headquartered at Amritapuri, Kollam, Kerala, was founded to
disseminate the message of spirituality, universal love and selfless service to
humanity, which shines through the life and teachings of Mata Amritanandamayi.
It organises activities for the spiritual, educational, social and cultural
advancement of mankind and the upliftment of the poor and the downtrodden.
Some of the socio-welfare activities undertaken by
the Math include medical services, numerous educational institutions, houses
for the poor, pensions for destitute women, a home for senior citizens,
orphanages, a hospice, a school for the speech and hearing impaired, plus many
more.
·
Amrita Speech and Hearing
Improvement School (ASHIS), Trichur
·
Amrita Kuteeram, Free Housing
Scheme (25,000 houses) for poor and handicapped persons in various parts of the
country
·
Amrita Nidhi, Pension Scheme
for 50,000 widows and destitutes
·
Amrita Niketanam, orphanages
located at Kollam, and Madurai accommodating over six hundred children
·
Amrita Kripa Sagar, a hospice
for terminally ill cancer patients, Mumbai
·
Anbu Illam, home for senior
citizens, Sivakasi
·
Amrita Kripa Charitable
Hospital, Amritapuri
·
Amrita Kripa Charitable
Hospital, Mysore
·
Amrita Kripa Charitable
Hospital, Kalpetta
·
Amrita Kripa Charitable
Hospital, Andaman
·
Amrita AIDS Community Care
Center, Thiruvanathapuram
·
Amrita Healthcare Centre,
Pampa, Sabarimala
·
Free meal scheme for feeding
about 5000 people every week.
·
Amrita Medical Mission of
Ayurveda, a herbal conservation park, research and production centre for
Ayurvedic Medicines, Wayanad
·
Amrita Ayurvedic Research and
Production Centre, Kollam.
·
Brahmasthanam Temples,
consecrated at various centres by Amma, including Kodungallur, Kozhikode,
Thiruvananthapuram, Madurai, Chennai, Mumbai, New Delhi, Pune, Mauritius,
Palakkad, Thalasserry, Mananthavady, Mysore and Coimbatore.
·
Amrita Sanskrit Higher
Secondary School, Kollam.
·
Vedanta Vidyalayam, Amritapuri
·
Amrita Vidyapeetam, a
Malayalam medium school at Attapadi, Palakkad district and over ten informal
schools for tribal children
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.59.97 |
|
|
1 |
Rs.102.89 |
|
Euro |
1 |
Rs.80.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.