Expression of Interest

Ref No: EOI/RV/PVS/01 

Date : 25th December, 2019

 

 

On 16th October, 2019 the Hon: Bench of NCLT, Kochi had issued the order admitting the application filed by Dr.N P Kamalesh (Operational Creditor-1) and M/s OCS Group (India) Private Limited (Operational Creditor-2) against PVS Memorial Hospital Private Limited(“Corporate Debtor”).  In this regard, the undersigned has been appointed as Resolution Professional.

 

Intent of Appointing Registered Valuer

 

The Resolution Professional is desirous of appointing registered valuers for valuation of assets and properties of the Corporate Debtor, in accordance with Regulation 27 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Accordingly, Expression of Interest (EOI) is hereby invited from interested registered valuers under IBBI for undertaking the aforementioned valuation.

The EOI should contain the following:

 

  1. A profile of the registered valuer under IBBI, containing the firm’s/ company’s experience (experience in valuation under the Corporate Insolvency Resolution Process);

  2. An all-inclusive quote for valuation, inter alia, containing the professional fees, taxes, conveyance charges and such like.

  3. IBBI Registration certificate for registered valuer.

  4. Assets of the Corporate Debtor: The assets of the Corporate Debtor comprises of Lands & Building, Furniture & Fixtures, Medical Equipment, Vehicles, Intangible Assets, office equipment and Plant & Machinery etc. Further details of the assets shall be provided to the shortlisted valuers upon request.

Scope of Services:

The Valuer shall determine the value of assets of the Company in accordance with the amended regulation 35 of insolvency and bankruptcy board of India (Insolvency Resolution Process for Corporate Persons) (amendment) regulations, 2018 and shall submit to the resolution professional an estimate of the fair value and of the liquidation value computed in accordance with internationally accepted valuation standards, after physical verification of the inventory and fixed assets of the corporate debtor.

Brief note on the Corporate Debtor

  1. PVS Memorial Hospital Private Limited is a Private limited Company having CIN U85110KL1992PTC006573.

  2. The main objects of the company is to Organise, establish, set up and run Hospitals, Nursing homes, Clinics and Healthcare centers for reception and treatment of persons suffering from illness.

  3. The authorized capital of the company as per the last audited financial statements and as per the Master data is 24500000 equity shares of Rs. 10/- each and 50000 redeemable Preference shares of Rs. 100/- each

  4. Click here to know more about PVS Memorial Hospital Private Limited("Corporate Debtor")

Read Relevant Regulation with respect to the Expression of Interest.

Regulation 27

Regulation 35

Notes

  1. The credentials and the best quote shall be considered for selecting the valuer.

  2. The quotation stated in the EOI will be considered final and non-negotiable.

  3. The EOIs must be submitted in soft format through email with subject “EXPRESSION OF INTEREST FOR VALUATION OF ASSETS OF PVS MEMORIAL HOSPITAL PRIVATE LIMITED” addressing to: CS.BIJOY P PULIPRA, FCS, IP, RV, Resolution Professional of PVS Memorial Hospital Private Limited at the email id- bijoy.pvs@artismc.com

  4. The EOIs must be submitted by (10th January, 2020) i.e. (Friday at 18:00 HRS.). Any submission after the last date shall not be accepted. 

  5. Please note that no personal calls will be entertained in this regard.

  6. In case of any clarifications, please feel free to mail at the aforementioned email id.

  7. Click here for more details on CIRP

 

BIJOY.P.PULIPRA 
Insolvency Professional | 

IRP- PVS Memorial Hospital Private Limited

|IBBI-IPA 02/IP- N00607/11864| 

bijoy.pvs@artismc.com

0471 4020700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25 Appointment of registered valuers.

The resolution professional shall within seven days of his appointment, but not later than forty-seventh day from the insolvency commencement date, appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor in accordance with regulation 35:

 

Provided that the following persons shall not be appointed as registered valuers, namely:

(a) a relative of the resolution professional;

(b) a related party of the corporate debtor;

 (c) an auditor of the corporate debtor at any time during the five years preceding the insolvency commencement date; or

(d) a partner or director of the insolvency professional entity of which the resolution professional is a partner or director.

35. Fair value and Liquidation value

(1) Fair value and liquidation value shall be determined in the following manner:-

(a) the two registered valuers appointed under regulation 27 shall submit to the resolution professional an estimate of the fair value and of the liquidation value computed in accordance with internationally accepted valuation standards, after physical verification of the inventory and fixed assets of the corporate debtor;

(b) if in the opinion of the resolution professional, the two estimates of a value are significantly different, he may appoint another registered valuer who shall submit an estimate of the value computed in the same manner; and

(c) the average of the two closest estimates of a value shall be considered the fair value or the liquidation value, as the case may be. (2) After the receipt of resolution plans in accordance with the Code and these regulations, the resolution professional shall provide the fair value and the liquidation value to every member of the committee in electronic form, on receiving an undertaking from the member to the effect that such member shall maintain confidentiality of the fair value and the liquidation value and shall not use such values to cause an undue gain or undue loss to itself or any other person and comply with the requirements under sub-section (2) of section 29:

(3) The resolution professional and registered valuers shall maintain confidentiality of the fair value and the liquidation value.”