EMC Super Speciality Hospital Private Limited was established as a partnership firm in 2003 under the name of ‘Emergency Medical Care Hospital’ in Amritsar (Punjab). Subsequently, in 2006, it acquired its second unit in Amritsar and started operations as a multi-speciality hospital & accidental care center with joint replacement services. In 2008, a third unit was setup by acquiring a hospital on lease from M/s Ram Saran Kishori Lal Trust and established super speciality hospital with heart care centre including Cath & Cardiac Lapidaries with Advanced Critical Care Intensive Care Unit. Directors of EMC Super Speciality Hospital Private Limited are Rajinder Singh, Pawan Kumar Arora, Meenu Arora. The partnership firm was reconstituted as a private limited company under the name ‘EMC Super Speciality Hospital Private Limited’ in 2010. The company runs a 380 bedded super specialty hospital and has acquired 50 beds running hospital ‘M/s Swift Hospital’ in Amritsar. It aso has a Joint venture (25 percent share) with NSH Hospital (NASA & HUB Super speciality Hospital), a 150 bedded hospital.

­­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer/borrower failed to submit such information before the due date.
Acuité believes that information risk is a critical component in such ratings, and non-cooperation by the issuer along with unwillingness to provide information could be a sign of potential deterioration in its overall credit quality.
This rating is, therefore, being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

­The rating is based on information available from sources other than the issuer/borrower (in the absence of information provided by the issuer/borrower). Acuité endeavored to gather information about the entity/industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

­No information provided by the issuer / available for Acuite to comment upon.

­Not Applicable

­No information provided by the issuer / available for Acuite to comment upon.

­Not Applicable

­Not Applicable

­Not Applicable

­Acuité is yet to receive the latest No Default Statement (NDS) from the rated entity, despite repeated requests and follow-ups.

­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’ s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.