|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIR HURKISONDAS NURROTUMDAS RELIANCE FOUNDATION HOSPITAL AND RESEARCH
CENTRE |
|
|
|
|
Registered
Office : |
Raja Ram Mohan Roy Road, Prathana Samaj Girgaun Mumbai – 400004,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
1925 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
Legal Form : |
Charitable Trust |
|
|
|
|
Line of Business
: |
Hospital |
|
|
|
|
No. of Employees
: |
Information declined by management |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established and renowed health care institution
erstwhile founded in the year 1925 bearing a rich heritage as “Sir
Hurkisondas Nurrotumdas Hospital and Research Centre”. Subsequently in its 90th
year it was rebuilt by the Reliance Foundation into a modern 19 – Storey
tower with two heritage wings and was inaugurated by prime minister Narendra
Modi as on October 25, 2014. Sir H. N. Reliance Foundation Hospital and Research Centre is a 345
bed, multi-specialty tertiary care hospital with 6 thrust areas namely
cardiac Sciences, Nephro-Urology, Neuro Sciences, Oncology, Orthopaedics and
Spine, and Women and Child Health along with all the allied products and
services under one roof. Trade relations are fair. Business is active. Payment terms are
regular and as per commitments. In view of reputed collaborations with Johns Hopkins, MD Anderson
Cancer Centre, Massachusetts General Hospital and the University of Southern
California, the hospital 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Charudatta Kulkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9004399369 |
|
Date : |
07.11.2014 |
LOCATIONS
|
Registered Office/ Hospital and Research Center : |
Raja Ram Mohan Roy Road, Prathana Samaj Girgaun Mumbai – 400004,
Maharashtra, India |
|
Tel. No.: |
91-22-61305182/ 66105555/ 66106250 |
|
Mobile No.: |
91-9004399369 (Mr. Charudatta Kulkarni) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9 Lac Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Maker Chamber IV, 3rd Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-67673825 |
|
Location : |
Owned |
MANAGEMENT
|
Name : |
Mrs. Nita Ambani |
|
Designation : |
President |
|
|
|
|
Name : |
Mr. Rohit C. Shah |
|
Designation : |
Joint Secretary |
|
|
|
|
Name : |
Mr. Mahesh Kambar |
|
Designation : |
Joint Treasurer |
KEY EXECUTIVES
|
Name : |
Mr. Charudatta Kulkarni |
|
Designation : |
Account manager |
BUSINESS DETAILS
|
Line of Business : |
Hospital |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|
|
|
|
Bankers : |
·
ICICI Bank, Nariman Road, Mumbai, Maharashtra,
India ·
State Bank of India, Nariman Road, Mumbai,
Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Charudatta Kulkarni
(Account manager)
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 |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
Yes |
|
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 |
LITIGATION DETAILS
BENCH:- BOMBAY
PRESENTATION DATE: 10.04.2013
|
STAMP NO.:- WPST/11208/2013 FILING DTE:- 10.042013 REG. NO.:- WP/5355/2013 REG. DATE:- 24.06.2013 |
|
|
PETITIONER:- UNION OF INDIA, THROUGH THE REGIONAL PETN. ADV.:- SURESH KUMAR (0) DISTRICT:- MUMBAI
|
RESPONDENT:- SIR HURKISONDAS NURROTUMDAS HOSPITAL AND RESEARCH
CENTER RESP. ADV.:- A.S. DAYAL ND ASSOCIATES (0) |
|
BENCH:- SINGLE STATUS:- ADMITTED (UNREADY) LAST DATE:- 26.08.2014 LAST CORAM :- HON’BLE SHRI JUSTICE A.S. OKA HON’BLE SHRI
JUSTICE A.S. CHANDURKAR |
STAGE:- PETITIONS FOR ADMISSION – FRESH (CIVIL SIDE MATTERS) |
|
ACT :- PROVIDENT FUND ACT
|
|
PRESS RELEASE
PM INAUGURATES RELIANCE FOUNDATION HOSPITAL
MUMBAI: Prime Minister Narendra Modi on Saturday inaugurated the revamped Sir Hurkisondas Nurrotumdas Reliance Foundation Hospital and Research Centre in Mumbai.
Located in south Mumbai, the hospital in its 90th year was rebuilt by the
Reliance Foundation, led by its chairperson Nita Ambani, into a modern 19-storey
tower with two heritage wings, the foundation said in a statement.
Nita Ambani termed it "a historic day" in the life of the hospital
which was re-dedicated to the people of Mumbai.
"Narendra bhai, we assure that this hospital will become a centre of good health and global levels of health care, respect for life, modern technology combined with love and compassion, with dignity to all," Nita Ambani said.
"This will not be just a hospital but an institution of care," she
said, adding that words like religion, caste, social strata, age and gender
will not interfere with the kind of treatment patients receive.
"We won't just treat health, we will also respect life," and at this
institution quality will meet affordability, she added.
Founded in 1925 as Mumbai's first general hospital, it has a rich heritage — it
saw the freedom struggle and the Second World War, and Mahatma Gandhi was among
its frequent visitors.
The hospital celebrated its silver jubilee with Sardar Vallabhbhai Patel as its
chief guest and the golden jubilee celebrations were graced by Jayaprakash
Narayan.
Now in its 90th year, the prime minister is inaugurating its new avatar, the
foundation said.
The hospital has collaborations with Johns Hopkins, MD Anderson Cancer Center, Massachusetts
General Hospital and the University of Southern California. It is also equipped
with robotic surgery and online video conferencing facility for global
consultations.
The hospital's outreach programme currently covers over 310,000 individuals
providing preventive and primary healthcare on a digital platform virtually
free of cost. It has also initiated steps to adopt nearby areas as part of the
Swachh Bharat Abhiyan.
It has also adopted water recycling and rainwater harvesting programmes, making
it one of the greenest health care facilities of its size in the country.
The 345-bed, multi-specialty tertiary care hospital has six thrust areas:
cardiac sciences, nephro-urology, neuro sciences, oncology, orthopaedics and
spine, and women and child health.
Earlier, Mukesh Ambani, his wife Nita and other family members welcomed Modi
near the entrance to the hospital, along with Maharashtra Governor C.V. Rao.
Present at the inauguration were Kokilaben Ambani, Amitabh Bachchan, Gulzar,
Shah Rukh Khan, Aamir Khan, Hrithik Roshan, Paresh Rawal, Rishi Kapoor, Neetu
Kapoor, Sonakshi Sinha, Saif Ali Khan, Kareena Kapoor, Aishwarya Rai, Bharat
Ratna Sachin Tendulkar, Sunil Gavaskar, Praful Patel, Kajol, Rani Mukherjee,
Sonali Bendre, union minister Nitin Gadkari and Maharashtra BJP leaders
Devendra Fadnavis, Vinod Tawde and other celebrities.
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.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
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.