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Notes to Accounts of Birla Pacific Medspa Ltd.

Mar 31, 2013

1 Background of the company:

The company is currently engaged in the business of cosmetic and medical services.

2 Trade receivables, trade payables, loans & advances, other current assets and other current liabilities are subject to confrmation & reconciliation if any.

3 As the company does not have information as to which of its creditors is registered under The Micro, Small and Medium Enterprises Development Act, 2006 , no disclosure as required by the said Act is given.

General description of the leasing arrangement:

i) Leased Assets: Premises.

ii) Future lease rentals are determined on the basis of agreed terms.

iii) At the expiry of the lease term, the Company can extend the lease with mutual agreement with Lessee.

4 Related Party Disclosure as per Accounting Standard - 18 :

a) Holding Company

Birla Wellness & Healthcare Pvt Ltd (Upto 29 June 2011)

b) Key Management Personnel

Mr. Yashovardhan Birla Director (Upto 14th February 2013)

Mr. PVR Murthy Director

Mr. Abhijit Desai Managing Director (Upto 30th September 2012)

Mr. Jaydeep Banerjee Managing Director (From 7th November 2012 to 14th February 2013)

c) Enterprises where Key Management Personnel have got signifcant infuence Birla Lifestyle Pvt Ltd

Birla Kerala Vaidhyashala Pvt Ltd.

Birla Wellness & Healthcare Pvt Ltd

Birla Shloka Edutech Limited

Birla Research & Lifesciences Ltd.

Birla Power Solutions Ltd.

Birla Surya Ltd.

Birla Cotsyn Ind. Ltd

Birla Infrastructure Ltd.

d) Relatives of Key Managerial Personnel Mrs. Avanti Birla

e) Partnership where Company is a partner. Birla IVF LLP

5 SEGMENT REPORTING

The Company is operating in only one segment, namely, in the business of medical and healthcare treatments.

6 Figures are rounded off to the nearest rupee.

7 Previous period fgures are regrouped and rearranged wherever necessary.

8 The company made its Initial Public Offering (IPO) in June 2011 and has issued 6,51,46,366.Equity shares of Rs. 10/- each for cash at a price of Rs. 10/- per Equity share aggregating to Rs. 65,17,63,660. Pursuant to the issue, the Equity Share Capital of Company stands increased to Rs. 1,12,14,25,840. The Equity Shares have been listed on the Bombay Stock Exchange Limited with effect from 7th July, 2011.

9 Exceptional Item represents writting off of deferred accumulated revenue expenditure of Rs.8,97,55,020 being in the nature of Brand Building Expenses and IPO expenses.

10 The company is in the process of recruiting full time Secretary as required by Sec. 383A of the Companies Act, 1956 and Managing Director as required by Sec. 269 of the Companies Act, 1956.


Mar 31, 2012

1 Background of the company:

The company is currently engaged in the business of cosmetic and medical services.

2 Trade receivables, trade payables, loans & advances, other current assets and other current liabilities are subject to confirmation & reconciliation if any.

3 As the company does not have information as to which of its creditors is registered under The Micro, Small and Medium Enterprises Development Act, 2006 , no disclosure as required by the said Act is given.

General description of the leasing arrangement:

i) Leased Assets: Premises.

ii) Future lease rentals are determined on the basis of agreed terms.

iii) At the expiry of the lease term, the Company can extend the lease with mutual agreement with Lessee.

4 related Party Disclosure as per Accounting Standard - 18 :

a) Holding Company

Birla Wellness & Healthcare Pvt Ltd (Upto 29 June 2011)

b) Key Management Personnel

Mr. Yashovardhan Birla Director Mr. PVR Murthy Director

Dr. Abhijit Desai Managing Director

c) Enterprises where Key Management Personnel have got significant influence Birla Lifestyle Pvt. Ltd.

Birla Viking Travels Ltd.

Birla Kerala Vaidhyashala Pvt Ltd.

Shearson Investment & Trading Co Pvt Ltd.

Birla Wellness & Healthcare Pvt Ltd. (after 29 June 2011)

Birla Shloka Edutech Ltd.

Birla research & Lifesciences Ltd.

Birla Power Solutions Ltd.

Birla Surya Ltd.

Birla Cotsyn (India) Ltd.

Birla Infrastructure Ltd.

d) relatives of Key Managerial Personnel Mrs. Avanti Birla

e) Partnership where Company is a partner.

Birla IVF LLP

5 SEGMENT REPORTING

The Company is operating in only one segment, namely, in the business of medical and healthcare treatments.

6 Figures are rounded off to the nearest rupee.

7 Previous period figures are regrouped and rearranged wherever necessary.

8 The company made its Initial Public Offering (IPO) in June 2011 and has issued 6,51,46,366 Equity shares of Rs. 10/- each for cash at a price of Rs. 10/- per Equity share aggregating to Rs. 65,17,63,660. Pursuant to the issue, the Equity Share Capital of Company stands increased to Rs. 1,12,14,25,840. The Equity Shares have been listed on the Bombay Stock Exchange Limited with effect from 7th July, 2011.

9 The Company has deferred the accumulated revenue expenditure of Rs. 8,97,75,020 (previous period Rs. 5,56,38,638 plus current period Rs.3,41,16,382) being in the nature of Brand Building Expenses.

 
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