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Report No. : |
310334 |
|
Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIR HURKISONDAS NURROTUMDAS RELIANCE FOUNDATION HOSPITAL AND RESEARCH
CENTRE |
|
|
|
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Registered
Office : |
Padmashree Gordhanbappa Chowk, Raja Ram Mohan Roy Road, Prathana Samaj
Girgaun Mumbai – 400004, Maharashtra |
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Country : |
India |
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Year of
Establishment : |
1925 |
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|
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Capital
Investment : |
Not Divulged |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Charitable Trust |
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Line of Business
: |
Hospital |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
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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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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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.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Charudatta Kulkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9004399369 |
|
Date : |
27.02.2015 |
LOCATIONS
|
Registered Office/ Hospital and Research Center : |
Padmashree Gordhanbappa Chowk, 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 |
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E-Mail : |
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|
Website : |
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|
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 |
|
|
|
|
Reliance Foundation |
Reliance Corporate Park, 5 TTC Industrial Area, Thane-Belapur Road, Ghansoli, Navi Mumbai - 400701, Maharashtra, India |
MANAGEMENT
|
Name : |
Mrs. Nita Ambani |
|
Designation : |
President |
|
|
|
|
Name : |
Mr. Rohit C. Shah |
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Designation : |
Joint Secretary |
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|
|
|
Name : |
Mr. Mahesh Kambar |
|
Designation : |
Joint Treasurer |
KEY EXECUTIVES
|
Name : |
Mr. Charudatta Kulkarni |
|
Designation : |
Account Manager |
BUSINESS DETAILS
|
Line of Business : |
Hospital |
|
|
|
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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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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
1000 (Approximately) |
|
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Bankers : |
·
ICICI Bank, Nariman Road, Mumbai, Maharashtra,
India ·
State Bank of India, Nariman Road, Mumbai,
Maharashtra, India |
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
Not Divulged |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Avaialble |
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 Million]
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
Article
PM REDEDICATES SIR H.N. RELIANCE FOUNDATION HOSPITAL AND RESEARCH
CENTRE IN MUMBAI
OCT 25, 2014
PM: Just as this hospital has undergone kayakalp (renewal), India too
can undergo kayakalp (renewal)
PM: India's health indicators need improvement - let us all contribute
to the best of our ability
PM: India should manufacture state of the art medical equipment
PM: Focus on holistic healthcare. India can serve not only its own
people but others as well.
The Prime Minister, Shri Narendra Modi, today said India will undergo a renewal
through the combined efforts of 1250 Million Indians. He was speaking at the
inauguration of the Sir H.N. Reliance Foundation Hospital and Research Centre
in Mumbai. He said, just as this 90 year old hospital has undergone kayakalp
(renewal), India too, can undergo a kayakalp.
The Prime Minister expressed concern over India's health indicators such as infant mortality and maternal mortality. He said even if one child fell in a borewell, the entire country was worried, but we need to generate more awareness about the hundreds of children who are unable to survive due to lack of primary healthcare facilities. He said society and Government should together give priority to the poorest of poor and make whatever efforts we can to provide affordable health services. He said the Reliance Foundation Hospital was a step in that direction.
The Prime Minister said medical equipment was gaining increasing importance in the field of healthcare, and the need of the hour is for India to manufacture such equipment, as part of the 'Make in India' programme, so that it became available to the poorest of people even in remote corners of India.
Referring to the Digital India programme of the Union Government, he said one of the primary aims of this programme was to ensure advanced healthcare in remote areas through telemedicine, and access to the best education for poor.
The Prime Minister called for a renewed thrust on preventive healthcare, saying that treatment is expensive, while prevention is economical. He said clean drinking water for all would be the biggest source of preventive healthcare. He congratulated the Government of Madhya Pradesh for its initiative of washing hands.
The Prime Minister spoke of his suggestion at the United Nations for an International Yoga Day. He said holistic healthcare was a subject of interest across the world, and India could contribute a lot to this cause, through its rich heritage. He said India had a heritage where people desired the good of everyone. "A true leader works with the intention of wiping the tears of the poor," the Prime Minister said, reciting two shlokas. He congratulated the Reliance Foundation for its health outreach efforts in the neighbourhood communities.
Smt. Kokilaben Ambani presented a memento to the Prime Minister.
The Chairperson of Reliance Foundation Smt. Nita Ambani delivered the welcome address, and talked about the facilities available in the hospital. Shri Mukesh Ambani delivered a vote of thanks. The Governor of Maharashtra Shri C. Vidyasagar Rao, Shri Amitabh Bachchan, Shri Sachin Tendulkar, Rajya Sabha MP Shri Parimal Nathwani and many other distinguished guests and members of the Ambani family were also present on the occasion.
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.61.29 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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.