Expression of Interest- Statutory Auditor

Ref No: EOI/SA/PVS/04 

Date : 15th  January, 2020

The Resolution Professional is desirous of appointing a reputed and experienced firm of Chartered Accountants to the office of  Statutory Auditors of the PVS Memorial Hospital Private Limited for the period commencing from 2018-2019. Accordingly, Expression of Interest (EOI) is hereby invited from interested Chartered Accountants for undertaking the aforementioned assignment. 

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 a firm of Chartered Accountants/Chartered Accountant

The Resolution Professional is desirous of appointing a reputed and experienced firm of Chartered Accountants to appoint as statutory auditors of M/s. PVS Memorial Hospital Private Limited for the period commencing from 01st April, 2018 to 31st March, 2019. Accordingly, Expression of Interest (EOI) is hereby invited from interested Chartered Accountants for undertaking the aforementioned assignment. The period of appointment shall be for a 5(Five) years from the date of appointment.

 

The EOI should contain the following:

 

  1. A profile of the firm containing the firm’s experience;

  2. An all-inclusive quote for auditing of financial statements for 2018-10, inter alia, containing the professional fees, taxes, out of pocket expenses, conveyance charges etc.

Activities of the Corporate Debtor

The company is not operational since May, 2019 and the transactions are very minimal from the same date. The assets of the Corporate Debtor comprises of Lands & Building, Furniture & Fixtures, Medical Equipment, Vehicles, Intangible Assets, office equipment and Plant & Machinery etc. The latest audited financial statements is for the year 2017-18 and the same shall be provided on specific request. 

Scope of Services:

The company had completed the auditing of its financial statements upto 31st March, 2018. The appointment to the office of Statutory Auditors shall be for a period 5 years from the date of appointment for carrying out the statutory audit for the year 2018-2019. 

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")

Notes

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

  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-EOI/SA/PVS/04 ” 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 (27th January, 2020) i.e. (Monday 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