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Notes to Accounts of Medi-Caps Ltd.

Mar 31, 2015

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company's earning include Rs. 67.51 Lacs from interest Dividend and income from Investments, However as per explanation given in AS-17 Segment revenue does not include Dividend income, Interest & Income from Investment hence there is no separate reporting required.

Note 2 Deferred Tax

Information on deferred tax has been provided in accordance with AS-22 Accounting for taxation on income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001. The deferred tax assets for the year is Rs.4,78,894/- has been recognised in the profit & Loss Account.

Note 3 The company does not have outstanding for more than 30 days as on 31st March 2015 of S.S.I units the respective parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classification.


Mar 31, 2014

1. FIXED ASSETS - Tangible Assets up to 31.03.2014

Note:

1. Factory Building includes staff quarters for which separates cost is not ascertainable.

2. During the year depreciation on computer not charged, Since Computer was fully depreciated last year after charging depreciation but nominal value of Rs. 1/- kept in books because Computers are exist in physical form at the year end.

3. As Plant & Machinery fully depreciated during the year after charging current year depreciation but nominal value of Rs. 1/- kept in books because Plant & Machinery are exist in physical form at the year end.

2. Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company''s earning include Rs.(176.34) Lacs from interest, Dividend and income from Investments, However as per explanation given in AS-17 Segment revenue does not include Dividend income, lnterest & lncome from Investment hence there is no separate reporting required.

3. Deffered Tax

Information on deferred tax has been provided in accordance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001.

The accumulated net deferred tax liability amounting to Rs. 12866070/- has been adjusted against the general reserve. Further, the deferred tax assets for the year is Rs. 866939/- has been recognised in the Statement of Profit & Loss.

4. Additional Information

* Rounded off to nearest Lacs and after deduction quantities removed as such.

5. Employee Benefits

a. Contribution to provident fund and other funds stated under defined contribution plans is Rs. 33.19 Lacs (previous year Rs. 31.41 Lacs).

b. Company has contribute Rs. 2.27 Lacs to Leave Encashment Scheme of LIC during the year.

Note 7: The company does not have outstanding for more than 30 days as on 31st March 2014 of S.S.I. Units the respective parties.

6. Related Party Disclosure

Information on Related party transactions as per Accounting Standard 18 on related party disclosure.

7. Earning Per Share

Earning per share, the numerator and denominator used to calculate Basic and Diluted Earning per shares.

8. The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classification.


Mar 31, 2013

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company''s earning include Rs.(158.60) Lacs from interest, Dividend and income from Investments, However as per explanation given in AS-17 Segemnt revenue does not include Dividend income,lnterest & Income from Investment hence there is no seprate reporting required.

Note 2 DefferedTax

Information on deferred tax has been provided in acordance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effectfrom 1 st April 2001.

The accumulated net deferred tax liability amounting to Rs.12866070/- has been adjusted against the general reserve.Further.the deferred tax assets forthe year is Rs.482180/- has been recognised in the Statement of Profit & Loss.

Note 3 The company does not have outstanding for more than 30 days as on 31 st March 2013 of S.S.I Units the respecti ves parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classifiaction.


Mar 31, 2012

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation ofthe company related to one segment as such there is no separate reporting required. Company' searning include Rs.Lacs from interest, Dividend from Interest, Dividend and Investments, However as per explanation given in AS-17,Segemnt revenue does not include Dividend income,Interest & Income from Investment, hence there is no seprate reporting required.

Note 2 DefferedTax

Information on deferred tax has been provided in acoi'dance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effectfrom 1st April 2001.

The accumulated net deferred tax liability amounting to Rs.12866070/- has been adjusted against the general reserve. Further,the deferred tax assets for the year is Rs.1466591 /- has been recognised in the Profit & Loss Account.

Note 3 The company does not have outstanding for more than 30 days as on 31 st March 2012 of S.S.I Units the respectives parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classifiaction.


Mar 31, 2010

1 Depreciation has been charged on Straight Line Method at the SLM rates specified in schedule XIV to the Companies Act, 1956 on prorata basis. Based on the technical opinion obtained by the Company, the Company has provided depreciation on Plant & Machinery at the rates specified for continuous process plant.

2 Deprecation Charged for the year in Profit & Loss Account is after deducting amount of Rs. 5,16,256/- (previous year Rs. 5,16,256), representing the extra depreciation arising on revaluation of fixed assets, which has been withdrawn from Revaluation reserve.

3 In consonance with Accounting Standard on Inventory valuation and note on Accounting Treatment for Excise duty issued by the Institute of Chartered Accountants of India, the excise duty on finished goods not cleared have been considered for valuation. However, such change has no impact on profit for the year.

4 Company has identified old finished goods stock& the same has been valued at reasonable value.

5 Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Companys earning include Rs.174.76 lacs of income from Interest, Dividend and Investments, However as per explanation given in AS-17, Segment revenue does not include Dividend income. Interest & Income from Investment, hence there is no separate reporting required.

6 Information on deferred tax has been provided in accordance with Accounting Standard 22 - Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001 .The accumulated net deferred tax liability amounting to Rs.1,28,66,070/- has been adjusted against the general reserve. Further, the deferred tax assets for the year is Rs.13,70,111/-has been recognised in the Profit & Loss Account.

7 The company has entered into A Joint venture arrangement with M/s Mission Pharmaceuticals for setting up a plant at SEZ, Pithampur(DisttDHAR) for manufacturing of softgel Capsules with the total proposed investment of . Rs.30.00 crores and out of which Company have already contributed Rs 697.00 lacs upto current financial year.

8 Other liabilities includes:

a) Rs. 763038/ (US$15477) which is received from Star Overseas, Russia as security deposit for special size capsule (size" 1" elongated) development and to be adjusted against supply.

b) Advance received for export supply from S. B. Company, Dubai Rs.2539.30/- (U.S.$ 54.88)

2009-2010 2008-2009

9 Contingent Liabilities:- NIL NIL

10 As per the industrial policy of the Government of India, the activity of the Company does not require licensing.

11 Previous Year figures have been regrouped and rearranged wherever necessary.

12 Schedules 1 to 17 form an integral part of the accounts.

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