Home  »  Company  »  Advanced Microni  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Advanced Micronic Devices Ltd.

Mar 31, 2014

NOTE 1a -

(a) Principal amount payable to Micro and Small Enterprises (to the extent identified by the company from available information and relied upon by the auditors) as at 31st March, 2014 is Rs.63.56 Lacs(Previous year - Rs Rs. 55.99 Lacs ) including unpaid amount of Rs.44.83 Lakhs outstanding for more than 30/ 45 days. Estimated interest thereon is Rs. NIL (Previous Year - Rs.NIL)


Mar 31, 2013

NOTE 1a

(a) Principal amount payable to Micro and Small Enterprises (to the extent identified by the company from available information and relied upon by the auditors) as at 31st March, 2013 is Rs.55.99 Lacs(Previous year - Rs Rs. 41.31 Lacs) including unpaid amount of Rs.40.55 Lakhs outstanding for more than 30/ 45 days. Estimated interest thereon is Rs. NIL (Previous Year-Rs.NIL)


Mar 31, 2012

NOTE 1a - Related Party Disclosures:

Holding Company Opto Circuits (India) Ltd. Fellow Subsidiaries Mediaid Inc., USA

Eurocor Gmbh. Germany

Devon Innovations Pvt. Ltd. Ormed Medical Technology Ltd.

Criticare Systems Inc., USA

Opto Infrastructure Ltd

Maxcor Lifescience Inc., USA

N S Remedies Private Limited Opto Circuits (Malayasia) Sdn. Bhd

Unetixs Vascular Inc. USA

Cardiac Science Corporation, USA

Opto Cardiac Care Ltd.

Opto Eurocor Healthcare Ltd.

Key Management Personnel:

Mr. Vinod Ramnani Chairman & Managing Director

Mr. Bhaskar Valiveti Director


Mar 31, 2010

For the Year Ended 31-03-2010 Rs.in Lakhs For the year Ended 31-03-2009 Rs.in Lakhs

1.CONTINGENT LIABILITIES a)Letter of Credits 74.23 275.39 b)Bank Guarantees 349.62 50.00 TOTAL 225.60 275.60



2.The Company has an on going programme of periodic reconciliation of sundry debtors,sundry creditors,and loans & advances given /taken & Provisions wherever necessary have been made.

3.The Company has taken Group Gratuity scheme under cash accumulation system from LIC of India and unavailed encashable earned leave Rs.4,20,346 on accrual basis.

4.Deferred Tax Asset as at 31 st March 2010 represents the tax effect of temporary differences substantially on account of differences in the written down value of fixed assets on account of differing depreciation methods /rates &other timing differences,arising during the accounting year.

5.During the year The Commissioner of Service Tax,Audit Section,Bengaluru has conducted the Audit and observed that,the Company is liable to pay Rs.2,01,31,900/-.

We have done the assessment and accepted a liability of Rs.44,04,348/-,which has been paid during the year.

In our opinion,the balance of Rs.1,57,27,5527-is not a liability on us But, if we receive any demand from the department,we will contest the claim,to that extent there is contingent liability of Rs.1,57,27,552/-.

6.Net effect of Foreign Exchange rate difference included in the net profit for the period is Rs.35.88 Lakhs Profit (P.Y Rs.102.17 Lakhs (Loss))

7.LIST OF RELATED PARTIES Enterprises owing directly or indirectly,an interest in the voting power of the Company that gives control or significant influence over the Company.

I.Holding Company Opto Circuits (India)Ltd.

II.Fellow Subsidiaries

Altron Industries Pvt.Ltd. EurocorGmbH,Germany Mediaid Inc.,USA Devon Innovation Pvt.Ltd. Ormed Technologies Ltd. Opto Infrastructure Ltd. Criticare Systems Inc.,USA Maxcor Lifescience Inc.,USA

III.Key Management Personnel

Mr.Vinod Ramnani Chairman &Managing Director Mr.Bhaskar Valiveti Whole-Time Executive Director

8.The Income,expenditure and other financials of USA Branch have been consolidated with the Companys accounts. No separate profitability statements have been prepared.These accounts are notAudited.These accounts have been adopted based on the Certification of the Branch Head.

9.The Company capitalised product development expenditure to the tune of Rs.2,44,23,535 during F.Y 2006-07 under intangible assets.This has now been written off during the year and debited to prior period expenses.

10.Previous year figures have been regrouped &reclassified to correspond with the current years classification.

Find IFSC