Home  »  Company  »  Looks Health Service  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Looks Health Services Ltd.

Mar 31, 2015

1. Figures have been rounded off to the nearest rupee, wherever required.

2. Accounting standards as prescribed have been followed & reported wherever applicable.

3. In the Opinion of the Board the current assets, loans and advances will fetch the amounts stated, if realized in the ordinary course of business and adequate provision for all known liabilities of the company has been made. Balances shown under Loans, Advances, and Sundry Debtors & Creditors are subject to confirmation, reconciliation and subsequent adjustment if any.

4. a) According to management, Company has not given any guarantee on behalf of the Directors or other officers.

5. The Company has not received information from vendors/suppliers regarding their status under the" Micro , Small & Medium Enterprises Act, 2006" and hence disclosure relating to amount unpaid for the period end together with interest paid or payable under this Act has not been given.

6. According to management, No litigations are filed against or pending against the Company. Company does not have any present obligation arising out of any past event. Hence no provision arises or is made for contingent liabilities.

7. Previous Year's figures have been regrouped / reclassified wherever considered necessary to make them comparable with the current year figures.

8. Foreign Currency Transactions - Particulars Amount Purchase Import (USD $1879) Rs. 102850/-

9. Earnings Per Share (on Face Value of Rs.10/- each)

In determining the Earnings Per share, the company considers the net profit after tax which includes any post tax effect of any extraordinary / exceptional item. The number of shares used in computing basic earning per share is the weighted average number of shares outstanding during the period.

The number of shares used in computing Diluted earnings per share comprises the weighted average number of shares considered for computing Basic Earnings per share and also the weighted number of equity shares that would have been issued on conversion of all potentially dilutive shares.

In the event of issue of bonus shares, or share split the number of equity shares outstanding is increased without an increase in the resources. The number of Equity shares outstanding before the event is adjusted for the proportionate change in the number of equity shares outstanding as if the event had occurred at the beginning of the earliest period reported.

Basic Earning Per Share - (0.27)

Profit/(Loss) after Tax/Weighted Avg. Shares Outstanding = (16,08,482)/6000000 = (Rs.0.27)

Diluted Earning Per Share - (0.27)

Profit/(Loss) after Tax / Weighted Avg. Shares Outstanding = (16,08,482)/ 6000000 = (Rs.0.27)

Diluted EPS is similar to Basic EPS as there is no potential equity share as on date.

10. As none of the employees have completed the minimum length of service as provided in payment of gratuity Act, 1972, no provision for gratuity is made by the Management.


Mar 31, 2014

1. Figures have been rounded off to the nearest rupee, wherever required.

2. Accounting standards as prescribed have been followed & reported wherever applicable.

3. In the Opinion of the Board the current assets, loans and advances will fetch the amounts stated, if realized in the ordinary course of business and adequate provision for all known liabilities of the com- pany has been made. Balances shown under Loans, Advances, Sundry Debtors & Creditors are subject to confirmation, reconciliation and subsequent adjustment if any.

4. a) According to management, Company has not given any guarantee on behalf of the Directors or other officers.

5. The Company has not received information from vendors/suppliers regarding their status under the " Micro , Small & Medium Enterprises Act, 2006" and hence disclosure relating to amount unpaid for the period end together with interest paid or payable under this Act has not been given.

6. According to management, No litigations are filed against or pending against the Company. Company does not have any present obligation arising out of any past event. Hence no provision arises or is made for contingent liabilities.

7. Previous Year''s figures have been regrouped / reclassified wherever considered necessary to make them comparable with the current year figures.

8. Earning Per Share (on Face Value of Rs.10/- each)

In determining the Earnings Per share, the company considers the net profit after tax which includes any post tax effect of any extraordinary / exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period.

The number of shares used in computing Diluted earnings per share comprises the weighted average number of shares considered for computing Basic Earnings per share and also the weighted number of equity shares that would have been issued on conversion of all potentially dilutive shares.

In the event of issue of bonus shares, or share split the number of equity shares outstanding is in- creased without an increase in the resources. The number of Equity shares outstanding before the event is adjusted for the proportionate change in the number of equity shares outstanding as if the event had occurred at the beginning of the earliest period reported.

Basic Earning Per Share - (0.01)

Profit/(Loss) after Tax / Weighted Avg. Shares Outstanding = (41625)/ 6000000 = (Rs.0.01)

Diluted Earning Per Share - (0.01)

Profit/(Loss) after Tax / Weighted Avg. Shares Outstanding = (41625)/ 6000000 = (Rs.0.01)

Diluted EPS is similar to Basic EPS as there are no potential equity share as on date.

9. As none of the employees have completed the minimum length of service as provided in payment of gratuity Act, 1972, no provision for gratuity is made by the Management.

10. Related Party Transactions -

According to management & from the records, following related parties transactions were noticed -


Mar 31, 2013

1. Figures have been rounded off to the nearest rupee, wherever required.

2. Accounting Standards:

Accounting standards as prescribed have been followed & reported wherever applicable.

3. In the Opinion of the Board the current assets, loans and advances will fetch the amounts stated, if realized in the ordinary course of business. Further Loans & Advances, Inter Corporate Deposits, Debtors & Creditors are all subject to reconciliation and confirmation.

4. a) According to management, Company has not given any guarantee on behalf of the Directors or other Officers.

b) Company has advanced an interest free loan of Rs.4,85,407/- to Dr. Prashant Vikram - Chairman to be recovered from him

5. Company has come out with an IPO for 30,00,000 Equity Shares of Rs.10/- each at a premium of Rs.30/- per share during the year & raised a sum of Rs.12 Crore.

6. As per the information provided by the Company there are no dues outstanding, including interest as at 31st March 2013 to Small and Micro enterprises as defined under Micro, Small and Medium Enterprises Develop- ment (MSMED) Act,2006.

7. No litigations are filed or pending against the Company & Company does not have any present obligation arising out of any past event. Hence no provision arises or is made for contingent liabilities.

8. Expenditure above Rs.l Lac or 1% of Revenue (whichever is higher) is duly reflected in Schedule of Other Expenses.

9. Net gain on Foreign Exchange Fluctuation was adjusted in Medical Equipment A/c. as same was paid for acquiring Medical Equipment.

Find IFSC