MEDICAL RESEARCH FOUNDATION OLD NO.18, NEW NO.41, COLLEGE ROAD, CHENNAI 600 006 ANNUAL REPORT & ACCOUNTS 2013 - 2014 1 MEDICAL RESEARCH FOUNDATION To The Members of the Medical Research Foundation 5th September 2014 NOTICE NOTICE IS HEREBY GIVEN TO THE MEMBERS OF THE MEDICAL RESEARCH FOUNDATION THAT THE 36TH ANNUAL GENERAL MEETING OF THE FOUNDATION WILL BE HELD ON MONDAY, THE 29th SEPTEMBER 2014 AT 5.00 P.M. AT BOARD ROOM, 2ND FLOOR, KAMALNAYAN BAJAJ RESEARCH CENTRE BLOCK, NEW NO 41, OLD NO 18, COLLEGE ROAD, CHENNAI 600 006. AGENDA 1. To consider and adopt the Annual report of the Foundation for the year 2013-14. 2. To consider and adopt the Audited Income and Expenditure Account for the year ended March 31, 2014 and the Balance Sheet as at that date together with the Report of the Auditors thereon. 3. To appoint Auditors and to fix their remuneration for the year ending 31st March 2015. 4. To elect Members to the Board of Management in the vacancies caused by the retirement of the following Members, who being eligible offer themselves for re-appointment. Sl. No NAME CATEGORY OF MEMBERSHIP 1 Mr. Ashok Kumar Mehta Donor member 2 Mr. Mani S. Subramonian Patron member 3 Mr. H D Malesra Patron member 5. To amend clause 13(ii) of Bye-laws of Medical Research Foundation. 6. To elect Mr. Narendra Srisrimal as Donor Member of Foundation. Kindly make it convenient to attend the meeting. G.RAMACHANDRAN Honorary Secretary Encl: 1. Explanatory statement for Item 4 & 5 of the Agenda 2. Audited Accounts for the year ended March 31, 2014 2 MEDICAL RESEARCH FOUNDATION Explanatory statement for Item 4 & 5 of the Agenda 4. Their term of appointment expires in September 2014. As per 11(v) of the Bye-laws of the Foundation read with Section 15(5) of the Tamil Nadu Societies Registration Act 1975, they are eligible for reappointment to the Board of Members. They have offered themselves for reappointment. As per rule no 10(c) of the Memorandum of Association and Bye laws of the Foundation, the 2 directors Mr. H D Malesra and Mr. Mani S Subramonian who represent Sir Ratan Tata Trust and M/s Jaslok Hospital and Research Centre respectively are eligible for automatic re-election. In the absence of any specific notice to the Foundation from these two organizations notifying any change their nominees, these 2 members will get elected automatically. 5. To amend clause 13(ii) of Bye-laws of Medical Research Foundation stated as below: “The members constituting the Board shall not be more than Thirty Three out of which Seven members shall be Patron members including patron members described under 10 (c) above. Out of the balance Twenty Six members, upto Nine members can be elected from amongst the Ophthalmic consultants and Senior Executives permanently employed by MRF and scientists permanently employed by Vision Research Foundation, the balance will constitute of Two Founder Members, Twelve Donor Members and Three Honorary Members not employed by MRF. As far as M/s Jaslok Hospital and Research Center is concerned they are entitled to nominate two persons to the Board of Management. The persons nominated by M/s Jaslok Hospital and Research Center, M/s Keligavan Investment and Trading (P) Ltd., M/s Jamwadi Investment Trading (P) Ltd, Sir Ratan Tata Trust are entitled to be elected as members of the Board of Management as stipulated under clause 10(c) of the bye laws” Proposal to amend as below: “The members constituting the Board shall not be more than Thirty Three out of which Two members shall be from Founder members, Eight members shall be from Patron members including patron members described under 10 (c) above, Fourteen members shall be Donor members, and Nine members shall be Honorary members. Of these Nine Honorary members, Six members can be elected from amongst the Ophthalmic consultants and Senior Executives permanently employed by MRF and scientists permanently employed by Vision Research Foundation, and the balance Three Honorary Members not employed by MRF. As far as M/s Jaslok Hospital and Research Center is concerned they are entitled to nominate two persons to the Board of Management. The persons nominated by M/s Jaslok Hospital and Research Center, M/s Keligavan Investment and Trading (P) Ltd., M/s Jamwadi Investment Trading (P) Ltd, Sir Ratan Tata Trust, Essel Mining and Industries Limited, Kolkata are entitled to be elected as members of the Board of Management as stipulated under clause 10(c) of the bye laws” 3 MEDICAL RESEARCH FOUNDATION SANKARA NETHRALAYA MISSION STATEMENT QUALITY OBJECTIVES The mission of Sankara Nethralaya is to To maintain the quality of ophthalmic provide Total Eye-care solutions of highest s e r v i c e s i n a c c o r d a n c e w i t h standards to all sections of community international standards. through a team of competent, committed and compassionate professionals in a patient- Effective utilization of infrastructure friendly environment. facilities including manpower. Sankara Nethralaya is also committed to To ensure continued patients' create a CENTRE of Excellence for ophthalmic satisfaction. professionals for continuously updating their To ensure high level of staff satisfaction knowledge through Education, Training, and and motivation. carrying innovative India centric Research to benefit the entire ophthalmic community. In all our undertakings we will be guided by the underlying philosophy of Sankara Nethralaya. PHILOSOPHY QUALITY POLICY Let the word Sankara of Sankara Nethralaya We pledge to meet the patients' requirements ever remind me and my associates His by offering expert ophthalmic care with Holiness' command that there be a missionary c om p a s s i on th rou g h a c om m i tte d Spirit in the project. professional team. Let the word Nethralaya constantly remind We commit to achieve quality services me and my colleagues that the place of our through the Quality Management System work is an Alaya. Work will be our Worship while complying with all applicable which we shall do with sincerity, dedication regulatory requirements. and utmost Love. 4 MEDICAL RESEARCH FOUNDATION BOARD OF MANAGEMENT 2013 - 2014 President Dr. S. S. Badrinath Honorary Secretary Mr. G. Ramachandran Honorary Treasurer Mr. N. Sugalchand Jain Other Members of the Board 1. Mr. Ashok Kumar Mehta Member 2. Dr Barwale. B. R Member 3. Mr. Govind.V Member 4. Mr. Jagdish M Chanrai Member 5. Mr Kothari. B. H Member 6. Dr Lingam Gopal Member 7. Mr.Mani. S. Subramonian Member 8. Mr. Malesra. H. D Member 9. Mrs. Nina B.H. Kothari Member 10. Mr. Parekh R. C Member 11. Ms.Prabhavathy Seethapathy Member 12. Dr. Pramod Bhende Member 13. Dr. Prema Padmanabhan Member 14. Mr. Ramakrishna. C Member 15. Dr. Ramaswamy M. A. M Member 16. Mr. Rajaratnam. S Member 17. Ms. Rajashree Birla Member 18. Mr. Raju Barwale Member 19. Mr. Ranganatha Gupta N Member 20. Mr. Renganath N D J Member 21. Dr. Surendran. T. S Member 22. Dr. Saravanan. M Member 23. Mr. Surendra M. Mehta Member 24. Ms. Usha Zehr Barwale Member 25. Mr. Vaidyanathan .V Member 26. Dr. Vasan. K S Member 27. Mr. Venkitaramanan. S Member 5 MEDICAL RESEARCH FOUNDATION Chairman : Dr. S. Bhaskaran Managing Director : Dr. K. S. Vasan Senior General Manager : Ms. Akila Ganesan Deputy General Manager (Finance) : Ms. Susila Girisan Auditors : M/s. S. Viswanathan Chartered Accountants, Chennai Bankers : HDFC Bank Ltd., State Bank of India Registered Office : Old No.18, New No.41, College Road, Chennai - 600 006. Locations of Sankara Nethralaya: Tamil Nadu Andra Pradesh Main Hospital Sri Srinivasa Sankara Nethralaya Old No.18, New No.41, College Road, Chennai-600006. Central Hospital, K.T. Road (Near TTD Administration Bldg.) Tirupathi 517 501. Jagadguru Kanchi Sri Chandrasekarendra Sri City Sankara Nethralaya Saraswathi Nethra Nilayam (A Unit of Medical Research Foundation, Chennai) 21, Pycrofts Garden Road, Chennai 600 006. Sri City Medical Care Center,305, North, 2nd street, Sector3, Dr. V. G. Appukutty Campus, Sri City, Varadaiahpalem Mandal, Elite School of Optometry & Chittoor Dist, AP - 517541. C.U. Shah Sankara Nethralaya No.8, GST Road, St. Thomas Mount, Chennai 600 016. West Bengal Navasuja Sankara Nethralaya No.73, VenkataKrishna Iyer Road, Aditya Birla Sankara Nethralaya Raja Annamalaipuram, Chennai 600028. No.147, Barakhola, Mukundapur, E M Bypass, (Near Jaslok Community Ophthalmic Centre Santhoshpur Connector Kolkata - 700 099. 138, Rama Building ,Greams Road, Chennai 600 006. Sankara Nethralaya RSM Square Smt. T. K. Lakshmi Ammal and Smt. T.K. No.10, Raja Subodh Mallik Square Alamelu Ammal Sankara Nethralaya Kolkata - 700013 New No 39. Old no. 19, 1st Main Road, East Shenoy Nagar, Chennai 600 030. Medical Record Office of Sankara Nethralaya No 9, Vanagaram Road, Ayanambakkam, Chennai 600 095. The Sankara Nethralaya Academy - Vanagaram No 9, Vanagaram Road, Ayanambakkam, Chennai 600 095. Sankara Nethralaya Rameshwaram R S Falor Hospital, 45 West Street, Rameswaram 623526. 6 MEDICAL RESEARCH FOUNDATION ANNUAL REPORT FOR THE FINANCIAL YEAR 2013-14 I have great pleasure in presenting the 36th Annual Report of the Medical Research Foundation. FINANCIAL PERFORMANCE The financial performance of the Foundation for the year 2013-14 is summarized below: (Rs in Lakhs) Description 2013-14 2012-13 INCOME Hospital Collections 13180 11765 Grants and Other Income 803 777 Total Income 13983 12542 EXPENDITURE 12349 11582 Surplus before Depreciation 1634 959 Depreciation 1089 1149 Net Surplus/Deficit 545 (189) Net Surplus 545 (189) The Hospital Collection this year was higher by Rs. 1415 lakhs compared to 2012-2013 with an increase of 12%. After meeting all the expenses including depreciation Net Income over Expenditure was Rs.