MIRA INFORM REPORT
|
Report No. : |
312277 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAKESHORE
HOSPITAL AND RESEARCH CENTRE LIMITED |
|
|
|
|
Registered
Office : |
X/299 B, Maradukanayannur, Taluk Nettoor, P O
Ernakulam, Cochin – 682304 Kerala |
|
Tel No : |
91-484-2701032 / 2701033 / 2703951 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.04.1996 |
|
|
|
|
Com. Reg. No.: |
09-010260 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 500.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KL1996PLC010260 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4923A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Hospital Activities |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
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 |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by healthy
net worth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DENIED
MANAGEMENT NON CO-OPERATIVE 91-484-2701032
LOCATIONS
|
Registered Office : |
X/299 B, Maradukanayannur, Taluk Nettoor, P O Ernakulam, Cochin
– 682304, Kerala, India |
|
Tel. No.: |
91-484-2701032 / 2701033 / 2703951 |
|
Fax No.: |
91-484-2701996 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON : 27.09.2014
|
Name : |
Mr. Philip Augustine |
|
Designation : |
Managing Director |
|
Address : |
Symphony Automobile Road, Palarivattom, Ernakulam, Cochin – 682021,
Kerala, India |
|
Date of Birth/Age : |
01.08.1947 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
00895772 |
|
PAN No.: |
ACSPA1778R |
|
|
|
|
Name : |
Mr. Parayarukandy Vettath Chandran |
|
Designation : |
Director |
|
Address : |
Keralakala, Azchavattom, Valayanad Calicut – 673007, Kerala, India |
|
Date of Birth/Age : |
23.11.1939 |
|
Date of Appointment : |
31.12.2003 |
|
DIN No.: |
00115059 |
|
|
|
|
Name : |
Mr. Achutha Janardhana Pai |
|
Designation : |
Director |
|
Address : |
C3, Ayes Aprtements, TD Road, Ernakulam, Cochin – 682011, Kerala,
India |
|
Date of Birth/Age : |
06.09.1945 |
|
Date of Appointment : |
27.09.2014 |
|
DIN No.: |
00115688 |
|
|
|
|
Name : |
Mr. George Nereaparam Vareed |
|
Designation : |
Director |
|
Address : |
Al Yousefi, Post Box No. 3189, Sharjah, United Arab emirates |
|
Date of Birth/Age : |
30.08.1954 |
|
Date of Appointment : |
30.09.1999 |
|
DIN No.: |
00278319 |
|
PAN No.: |
AOAPG4670G |
|
|
|
|
Name : |
Mr. Yusuffali Musaliam Veettil Abdul Kader |
|
Designation : |
Director |
|
Address : |
Emke Mansion, Nattika, Trissur – 680566, Kerala, India |
|
Date of Birth/Age : |
15.11.1955 |
|
Date of Appointment : |
30.09.1999 |
|
PAN No.: |
ACNPY6727D |
|
DIN No.: |
00364677 |
|
|
|
|
Name : |
Mr. Narayan Pillai Prabhakaran Nair Kayipparambil |
|
Designation : |
Director |
|
Address : |
Thekkedath House, 30/902 L Mountain Road, Vytila, Ernakulam, Cochin –
682036, Kerala, India |
|
Date of Birth/Age : |
11.10.1943 |
|
Date of Appointment : |
25.06.1998 |
|
DIN No.: |
00900836 |
|
|
|
|
Name : |
Mr. Kaivilayil Varghese Johny |
|
Designation : |
Director |
|
Address : |
No. 12 B, Uparika Malika, Old Thevara Road, Kochi, Ernakulam, Cochin –
682013, Kerala, India |
|
Date of Birth/Age : |
21.07.1938 |
|
Date of Appointment : |
30.12.1999 |
|
PAN No.: |
AAHPJ6995L |
|
DIN No.: |
00903258 |
|
|
|
|
Name : |
Mr. Parayil Daniel Mathew |
|
Designation : |
Director |
|
Address : |
Paryil House, Kaipattoor PO, Pathanamthitta – 689648, Kerala, India |
|
Date of Birth/Age : |
05.03.1959 |
|
Date of Appointment : |
27.06.2001 |
|
DIN No.: |
00903297 |
|
|
|
|
Name : |
Mr. Peter Anthony John |
|
Designation : |
Director |
|
Address : |
Kodiyil Civil Lines Road, Edapally PO, Ernakulam, Cochin – 682024,
Kerala, India |
|
Date of Birth/Age : |
21.08.1930 |
|
Date of Appointment : |
04.04.1996 |
|
DIN No.: |
00903498 |
|
|
|
|
Name : |
Mr. Poovakottu Mani Sebastian |
|
Designation : |
Director |
|
Address : |
Poovakottu House, Kanjirathanam, Kottayam – 686603, Kerala, India |
|
Date of Birth/Age : |
20.09.1953 |
|
Date of Appointment : |
08.07.2002 |
|
PAN No.: |
CWFPS7252F |
|
DIN No.: |
00903813 |
|
|
|
|
Name : |
Mr. Mathai Mudyilathu Mathai |
|
Designation : |
Director |
|
Address : |
Mudyilethu M M Villa, Kuttapuzha PO, Thiruvalla, Pathanamathitta –
689103, Kerala, India |
|
Date of Birth/Age : |
25.05.1943 |
|
Date of Appointment : |
17.12.2004 |
|
DIN No.: |
00904368 |
|
|
|
|
Name : |
Mr. Job Varghese |
|
Designation : |
Director |
|
Address : |
No. 97, Muirfield Circle, Wheation, Illinois, USA 60189 |
|
Date of Birth/Age : |
22.06.1951 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
02839141 |
|
|
|
|
Name : |
Mr. Shamsheer Vayalil Parambath |
|
Designation : |
Director |
|
Address : |
Nellikkot, Chalappuram PO Kozhikkode – 673002, Kerala, India |
|
Date of Birth/Age : |
11.01.1977 |
|
Date of Appointment : |
29.09.2012 |
|
PAN No.: |
BTKPS0897P |
|
DIN No.: |
02371712 |
KEY EXECUTIVES
|
Name : |
Mr. R. Murleedharan |
|
Designation : |
Secretary |
|
Address : |
Flat No. AF, Rambal Madhavam, Error West, Ernakulam, Cochin – 686306,
Kerala, India |
|
Date of Birth/Age : |
17.11.1963 |
|
Date of Appointment : |
04.03.2009 |
|
PAN No.: |
AFLPP7754G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON : 27.09.2014
NOTE : SHARE HOLDING FILE
ATTACHED
AS ON : 27.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
10.15 |
|
Bodies corporate |
4.23 |
|
Directors or relatives of Directors |
64.86 |
|
Other top fifty shareholders |
12.07 |
|
Others |
8.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Hospital Activities |
||||||
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Products / Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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||||||
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Imports : |
Not Available |
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||||||
|
Terms : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
Sriniketan P B No 2350,
Ernakulam, Kochi – 682016, Kerala, India |
|
PAN No.: |
AABFV9555E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates / Subsidiary : |
Not Available |
CAPITAL STRUCTURE
AS ON : 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
500,000 |
Preference Shares |
Rs.100/- each |
Rs.50.000 Million |
|
|
Total |
|
Rs.550.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 490.000
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
500,000 |
Preference Shares |
Rs.100/- each |
Rs.50.000 Million |
|
|
Total |
|
Rs.550.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 490.000
Million |
|
1,00,000 |
Preference Shares |
Rs.10/- each |
Rs. 10.000
Million |
|
|
Total |
|
Rs.500.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
500.000 |
502.512 |
401.581 |
|
(b) Reserves & Surplus |
699.684 |
592.448 |
297.464 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
5.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
1199.684 |
1099.960 |
699.045 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
118.444 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
64.672 |
64.042 |
59.562 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
31.810 |
24.502 |
19.526 |
|
Total Non-current
Liabilities (3) |
214.926 |
88.544 |
79.088 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
160.292 |
131.649 |
115.789 |
|
(c) Other
current liabilities |
60.243 |
33.804 |
27.437 |
|
(d) Short-term
provisions |
73.583 |
85.509 |
53.378 |
|
Total Current
Liabilities (4) |
294.118 |
250.962 |
196.604 |
|
|
|
|
|
|
TOTAL |
1708.728 |
1439.466 |
974.737 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
738.441 |
722.161 |
714.874 |
|
(ii) Intangible
Assets |
0.510 |
1.798 |
2.875 |
|
(iii)
Capital work-in-progress |
223.252 |
10.315 |
14.426 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
71.351 |
8.485 |
4.118 |
|
(e) Other
Non-current assets |
173.189 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1206.743 |
742.759 |
736.293 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
58.518 |
44.855 |
36.188 |
|
(c) Trade
receivables |
32.555 |
13.717 |
11.993 |
|
(d) Cash
and cash equivalents |
380.349 |
613.591 |
181.161 |
|
(e) Short-term
loans and advances |
13.475 |
4.897 |
5.026 |
|
(f) Other
current assets |
17.088 |
19.647 |
4.076 |
|
Total
Current Assets |
501.985 |
696.707 |
238.444 |
|
|
|
|
|
|
TOTAL |
1708.728 |
1439.466 |
974.737 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1542.206 |
1339.475 |
1152.727 |
|
|
|
Other Income |
66.587 |
30.570 |
17.577 |
|
|
|
TOTAL |
1608.793 |
1370.045 |
1170.304 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
592.796 |
524.729 |
469.867 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(13.663) |
(8.667) |
(6.310) |
|
|
|
Employees benefits expense |
337.057 |
271.669 |
207.803 |
|
|
|
Other expenses |
408.875 |
353.486 |
295.171 |
|
|
|
TOTAL |
1325.065 |
1141.217 |
966.531 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
283.728 |
228.828 |
203.773 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.502 |
0.010 |
0.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
281.226 |
228.818 |
203.680 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
51.389 |
48.620 |
44.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
229.837 |
180.198 |
159.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
85.255 |
67.380 |
39.999 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
144.582 |
112.818 |
119.357 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
194.100 |
151.000 |
89.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
10.000 |
|
|
|
Dividend |
59.000 |
59.700 |
47.400 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
69.000 |
69.700 |
57.400 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
269.682 |
194.118 |
150.957 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
26.210 |
33.425 |
25.183 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.000 |
|
|
|
Other Earnings |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
26.210 |
33.425 |
25.183 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.93 |
2.83 |
3.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
9.38 |
8.42 |
10.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
18.40 |
17.08 |
17.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.47 |
12.61 |
16.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.16 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
2.78 |
1.21 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
401.581 |
502.512 |
500.000 |
|
Reserves & Surplus |
297.464 |
592.448 |
699.684 |
|
Share Application money
pending allotment |
0.000 |
5.000 |
0.000 |
|
Net worth |
699.045 |
1099.960 |
1199.684 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
118.444 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
118.444 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.099 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1152.727 |
1339.475 |
1542.206 |
|
|
|
16.201 |
15.135 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1152.727 |
1339.475 |
1542.206 |
|
Profit |
119.357 |
112.818 |
144.582 |
|
|
10.35% |
8.42% |
9.38% |
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 |
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90019756 |
31/05/2012 * |
35,000,000.00 |
Corporation Bank |
Vyttila Branch, Ernakulam, Cochin, Kerala - 682019, INDIA |
B41824970 |
* Date of charge modification
FINANCIAL HIGHLIGHTS
During the year, the Company has made profit before tax of Rs 229.800 Million as against Rs 180.200 Million of the previous year. Even though there is an increase in the expenses on account of salary revision, the overall income has increased on account of the factors like increase in pharmacy sales, laboratory and diagnostic services, income from other health services and interest income.
REVIEW OF OPERATIONS
The year saw further improvement in the performance of the company in spite of the fact that there were not enough beds in the hospital to cater to the number of patients seeking inpatient service. This was overcome to some extent by improved patient turnaround time and enhancing outpatient facilities. They could improve patient arrivals at the Executive Health check programmes, corporate clientele and overseas. They are looking forward to the timely completion of their new block to house upgraded departments of Oncology, Gastroenterology and Cardiology.
They have installed the latest MRI scan available in the country with software for multi-specialty applications. This includes unique functions like MR Elastography commissioned for the first time in the private sector in India.
They could also start a multi-organ transplant programme for the first time in the country under the leadership of experienced consultants in various fields. They could re-start their liver transplant programme which was suspended for some time. Also a second kidney transplant unit has been commissioned. A meaningful ‘deceased’ donor transplant programme has been put in place. Preparations are on for starting heart, pancreas and intestinal transplant programmes which should be the first of such initiatives in the country. An Endocrinology department and a second unit of Psychiatry also have been commissioned.
The construction of the new block is progressing and will be commissioned in late 2016. Some of the activities during the year are depicted in the pictures in this report.
OUTLOOK
During the year 2013-14, they have achieved a turnover of Rs 1610.000 Million (last year Rs 1370.000 Million) and made a net profit of Rs 144.600 Million (last year Rs.112.800 Million). In view of the favourable market conditions, they have projected a turnover of Rs 1900.000 Million and profit before tax of Rs 220.000 Million for the current financial year.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
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.