Mar 31, 2016
1 Terms in Respect of Equity Shares
Equity shares carrying voting rights at the General Meeting of the Company , and are entitled to dividend and to participate in surplus if any in the event of winding up.
2. Inventories
Stock-in-trade in medical accessories
(As taken valued and certified by the management )
3. Disclosures of related party transactions (as identified & certified by the management):
As per Accounting Standard-18- '' Related Party Disclosures'' issued by the Institute of Chartered Accountants of India, the names of the related parties are given below :
a Associate / Joint Venture Concerns (a) Goenka Securities Pvt. Ltd. b Key Management Personnel
(a) Mr. Ashok Kumar Goenka |
(Director) |
(b) Mr. Rajesh Goenka |
(Whole-Time-Director & Chairman) |
(c) Dr. Subash R. Kamath |
(Director) |
(d) Mr. Rajkumar Bajoria |
(Director) |
(e) Mr. Jagdish Chand Kumbhat |
(Director) |
(f) Mr. Vinod Kumar Singhi |
(Director) |
(g) Ms. Neha Goenka |
(Director) |
(h) Mr. Santosh Kumar Thakur |
(Chief Financial Officer) |
(i) Mr. Pritam Paul |
(Company Secretary) |
c. Relatives of Key Management Personnel
(a) Ashok Kumar Goenka & Others (HUF)
(b) Banwari Lal Goenka & Sons (HUF)
(c) Rajesh Goenka & Others (HUF)
4. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the value stated in accounts, if realized in ordinary course of business, unless otherwise stated. The provision for all known liabilities is adequate and not in excess/short of the amount considered reasonable/necessary.
5. Balances of some of the Sundry creditors, Loans and advances incorporated in the books as per balances appearing in the relevant subsidiary records, are subject to confirmation from the respective parties and consequential adjustments arising from reconciliation, if any. The management however is of the view that there will be no material discrepancies in this regard.
6. Previous year''s figures have been regrouped/rearranged, wherever necessary.
7. Figures have been rounded off to nearest rupee.
Mar 31, 2014
1. Previous year''s figures have been regrouped/rearranged,
wherever necessary.
2. Figures have been rounded off to nearest rupee.
Mar 31, 2013
1. Disclosures of related party transactions (as identified &
certified by the management):
As per Accounting Standard-18- '' Related Party Disclosures'' issued by
the Institute of Chartered Accountants of India, the names of the
related parties are given below :
a Associate / Joint Venture Concerns b Key Management Personnel
(a) Mr. Ashok Kumar Goenka (Chairman)
(b) Mr. Rajesh Goenka (Whole-Time-Director)
(c) Dr. Subash R. Kamath (Director)
(d) Mr. Rajkumar Bajoria (Director)
(e) Mr. Ashok Bhat (Whole-Time-Director)
(f) Mr. Jagdish Chand Kumbhat (Director)
(g) Mr. Vinod Kumar Singhi (Director)
c Relatives of Key Management Personnel
(a) Ashok Kumar Goenka & Others (HUF)
(b) Banwari Lal Goenka & Sons (HUF)
(c) Rajesh Goenka & Others (HUF)
2. Previous year''s figures have been regrouped/rearranged, wherever
necessary.
3. Figures in the bracket relate to previous year.
4. Figures have been rounded off to nearest rupee.
Mar 31, 2012
1 Deferred tax Assets (Net)
Disclosure under AS 22 for Deferred tax (liability) / asset
In accordance with AS-22 on' Accounting for taxed on Income' by the
Institute of Chartered Accountants of India, net deferred tax,
2 Disclosures of related party transactions (as identified & certified
by the management):
As per Accounting Standard-18-' Related Party Disclosures' issued by
the Institute of Chartered Accountants of India, the names of the
related parties are given below:
a Associate / Joint Venture Concerns
b Key Management Personnel
(a) Mr. Ashok Kumar Goenka (Chairman)
(b) Mr. Banwari Lai Goenka (Director)
(c) Mr. Rajesh Goenka (Whole-Time-Director)
(d) Dr. Subash R. Kamath (Director)
(e) Mr. Rajkumar Bajoria (Director)
(f) Mr. Ashok Bhat (Whole-Time-Director)
(g) Mr. Jagdish Chand Kumbhat (Director)
(h) Mr. Vinod Kumar Singhi (Director)
c Relatives of Key Management Personnel
(a) Ashok Kumar Goenka & Others (HUF)
(b) Banwari Lai Goenka & Sons (HUF)
(c) Rajesh Goenka & Others (HUF)
3 Previous year's figures have been regrouped/rearranged, wherever
necessary.
4 Figures in the bracket relate to previous year.
5 Figures have been rounded off to nearest rupee.
Mar 31, 2011
A. Earning per share
Earning per share is calculated by dividing the net profit or loss for
the period attributable to equity shareholders, by the weighted average
number of equity shares outstanding during the period.
For the purpose of calculating diluted earning per share, the net
profit or loss for the period attributable to equity shareholders and
the weighted average number of share outstanding during the period are
adjusted for the effects of all diluted potential.
b. Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank
and in hand and Short- term investments with an original maturity of
three months or less.
c. Contingent liabilities
Liabilities which are material and whose future outcome cannot be
ascertained with reasonable certainty, are treated as contingent and
disclosed by way of notes to the accounts.
d. Provisions
A provision is recognised when the company has a present obligation as
a result of past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of which reliable
estimate can be made.
e Disclosures of related party transactions :
a List of related parties with whom the Company has transacted during
the year
i Associate / Joint Venture Concerns
ii Key Management Personnel
a Mr. Ashok Kumar Goenka
b. Mr. Banwari Lai Goenka
c. Mr. Rajesh Goenka
d. Dr. Subash R Kamath
e. Mr. Raj Kumar Bajoria
f. Mr. Ashok Bhat
g. Mr. Jagdish Chand Kumbhat
h. Mr. VinodSinghi
iii Relatives of Key Management Personnel
a Ashok Kumar Goenka & Others (HUF)
b.Banwari Lai Goenka & Sons (HUF)
c. Rajesh Goenka & Others (HUF)
Mar 31, 2010
I. Retirement and other employee benefits
Retirement benefit in the form of Provident Fund is a defined
contribution scheme and the contributions are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
Gratuity liability is a defined benefit obligation and is provided for
on the basis of actuarial valuation made at the end of each financial
year.
Short term compensated absences are provided for based on estimates.
Long term compensated absences are provided for based on actuarial
valuation.
Actuarial gains/losses are immediately taken to profit and loss account
and are not deferred.
ii. Borrowing costs
Borrowing costs relating to the acquisition / construction of
qualifying assets are capitalised until the time all substantial
activities necessary to prepare the qualifying assets for their
intended use are complete.
iii. Foreign currency transactions
Foreign currency transactions are recorded on the basis of exchange
rates prevailing on the date of their occurrence. Foreign currency
monetary items are reported using the closing rates and exchange
difference arising thereon is charged to the Profit and Loss Account.
iv. Taxation
Tax expense comprises of current, deferred and fringe benefits tax.
Current income-tax and fringe benefit tax are measured at the amount
expected to be paid to the tax authorities in accordance with the
Indian Income Tax Act,1961.
Deferred tax is recognized on a prudent basis for timing differences,
being difference between taxable and accounting income/expenditure that
originate in one period and are capable of reversal in one or more
subsequent period(s).
MAT credit is recognised as an asset only when and to the extent there
is convincing evidence that the Company will pay normal income tax
during the specified period.
v. Earning per share
Earning per share is calculated by dividing the net profit or loss for
the period attributable to equity shareholders, by the weighted average
number of equity shares outstanding during the period.
For the purpose of calculating diluted earning per share, the net
profit or loss for the period attributable to equity shareholders and
the weighted average number of share outstanding during the period are
adjusted for the effects of all diluted potentia.
vi. Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank
and in hand and short-term investments with an original maturity of
three months or less.
vii. Contingent liabilities
Liabilities which are material and whose future outcome cannot be
ascertained with reasonable certainty, are treated as contingent and
disclosed by way of notes to the accounts.
viii. Provisions
A provision is recognised when the company has a present obligation as
a result of past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of which reliable
estimate can be made.
ix. Research & Development
Revenue Expenditure is charged to Profit & Loss Account and Capital
Expenditure is added to the cost of Fixed Assets in the accounting year
in which it is incurred.
x. Prior Period Items
Prior period expenses/Income are accounted under the respective heads.
Material items, if any, are disclosed separately by way of a note.
xi Disclosures of related party transactions :
a List of related parties with whom the Company has transacted during
the year
i Associate /Joint Venture Concerns
ii Key Management Personnel
a.Mr.Ashok Kumar Goenka
b.Mr.Banwari Lal Goenka
c.Mr.Rajesh Goenka
d.Dr.Subash R.Kamath
e.Mr.Raj Kumar Bajoria
f.Mr.Ashok Bhat
g.Mr.Jagdish Chand Kumbhat
h.Mr.Vinod Singhi
iii Relatives of Key Management Personnel
a.Ashok Kumar Goenka &Others (HUF)
b.Banwari Lal Goenka &Sons (HUF)
c.Rajesh Goenka &Others (HUF)
xii Enterprise owned or significantly influenced by Key Management
Personnel and their relatives
Previous years figures have been regrouped/rearranged,wherever
necessary.