The Company was incorporated on April 13 1989 as a privatelimited company with an intention of setting up a 100 bedhospital. The scope of the project was enhanced toincrease the number of beds by 150 beds to 250 beds. TheCompany has been operating at near 100% capacity since itscommercial operation of the first phase of the projectcomprising of 100 beds. The Company has been averaging adaily income of Rs.1 70000. The average daily operatingprofits (profits before interest depreciation and tax) isRs. 65000. The past performance of the Company is asgiven below.Period ending 31.3.93 31.3.94 31.3.95* (Rs. in lacs)Total No. of Beds 100 100 100Occupation 90% 95% 100%Income 273.41 500.30 673.28Operating Profit 4.83 83.84 108.83Interest 297.25 228.37 213.00Depreciation 75.67 98.12 120.00Net Profit/Loss (388.09) (242.65) (224.17)* UnauditedThe Company has not provided for penal interest andliquidated damages amounting to Rs. 55.14 lacs. The samehas not been provided since the interest arrears on whichthe penal interest has been calculated has been convertedinto term loans and the Company has hence contested thecharging of the penal interest and liquadated damages.
| Name | Position |
|---|---|
| Mr. Daljit Singh | Chairman |
| Mr. Chandrasekar Ramasamy | Whole Time Director |
| Ms. Richa Singh Debgupta | Non Exe.Non Ind.Director |
| Mr. Ramesh L Adige | Ind. Non-Executive Director |
| Ms. Shailaja Chandra | Ind. Non-Executive Director |