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Notes to Accounts of Noida Medicare Centre Ltd.

Mar 31, 2014

NOTE 1 : CONTINGENT LIABILITIES AND COMMITMENTS

1. Contingent liabilities

(a) Claims against the company not acknowledged as debts 2,468,375 2,468,375

i) Pending With CIT(Appeal) AY 1994-95 Rs.1260000/- (Previous Year Rs.1260000/-)

ii) Pending With High Court for Entry Tax Rs. 595000/-(Previous year Rs.595000/-)

iii) Pending With Sales Tax Deptt. (AY 07-08 and 09-10) Rs. 613375/- (Previous year Rs.613375/-) 2,468,375 2,468,375

NOTE 2 : RELATED PARTY TRANSACTIONS

Related party disclosure required under Accounting Standard-18 issued by the Institute of Chartered Accountant of India are given below: A. List of Related Parties with whom transactions have taken place and Relationships:

Name of the related party Nature of relationship

1 NMC Imaging & Diagnostics Pvt Ltd Associate company

2 NMC Biopharm Pvt Ltd Associate company

3 Rancan Impex Pvt Ltd Associate company

4 NMC SKY Diagnostics Pvt Ltd Associate company

5 Dr Naveen Chaudhri Key Managerial Personnel

6 Mrs Amita Chaudhri Relative of Key Managerial Personnel

NOTE 3 : LEASES Asset Taken on Lease

The Company has taken premises on lease for which total expenditure amounting to Rs. 61,80,800/-(Previous Year Rs. 62,38,411/-) have been incurred.

NOTE 4 : In view of the management, the current assets, loans and advances have a value on realization in the ordinary courses of business at least equal to the amount, at which they are stated in the Balance Sheet as at 31st March, 2014.

NOTE 5 : There is no reportable segment of the company in view of the Accounting Standard -17 ''Segment Reporting'' as issued by the Companies (Accounting Standards) Rules,2006

NOTE 6 : DIRECTORS REMUNERATION

Managerial Remuneration under Section 198 of the Companies Act, 1956.

NOTE 7 : Sundry Debtors, Sundry Creditors and loans & advances are subject to confirmation from respective parties.

NOTE 8 : MEDIUM AND SMALL NOTE

Pursuant to amendment to schedule VI of Companies Act,1956,vide Notification No GSR 719(E) dated November 16, 2007,the company has not received information from vender regarding the Micro ,Small and Medium Enterprises Development Act, 2006,Hence disclosure related to unpaid and outstanding at the year end together with the interest paid/payable have not been given.


Mar 31, 2013

Note 1

Corporate Information

Noida Medicare Centre Limited , is a public limited company domiciled in India and incorporated under the provisions of the Companies Act,1956. The company is primarily engaged in Hospital and Diagnostics in NCR Region of New Delhi . It''s shares are listed on DSE, BSE and UPSE in India.

Note 2

2.1 Basis of Preparation

I) The financial statements of the Company have been prepared in compliance with Accounting Standards issued by the Companies (Accounting Standards) Rules,2006, the relevant provisions of the Companies Act, 1956 and guideline issued by the Security Exchange Board of India under the historical cost convention and on an accrual basis of accounting in accordance with Generally Accepted Accounting Principles (GAAP) except investment available for sale and held for trading is measured at fair value and land and building which is measured at revalued cost. Necessary adjustments for material variances in the accounting policies, wherever applicable, have been made in the consolidated financial statements.

ii) The accounting policies adopted for preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained para 2.3 (a) below.

2.2 Uses of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires making of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets & liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting year. Differences between the actual results and estimates are recognized in the year in which the results are known /materialized.


Mar 31, 2012

Note 1 Corporate Information

Noida Medicare Centre Limited , is a Public Limited Company domiciled in India and incorporated under the provisions of the Companies Act,1956. The company is primarily engaged in Hospital and Diagnostics in NCR Region. It's shares are listed on DSE, BSE and UPSE in India.

Note 2 2.1 Basis of Preparation

i) The financial statements of the Company have been prepared in compliance with Accounting Standards issued by the Companies (Accounting Standards) Rules,2006, the relevant provisions of the Companies Act, 1956 and guideline issued by the Security Exchange Board of India(SEBI) under the historical cost convention and on an accrual basis of accounting in accordance with Generally Accepted Accounting Principles (GAAP) except investment available for sale and held for trading is measured at fair value and land and building which is measured at revalued cost. Necessary adjustments for material variances in the accounting policies, wherever applicable, have been made in the consolidated financial statements.

ii) The accounting policies adopted for preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained para 2.3 (a) below.

2.2 Uses of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires making of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets & liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting year. Differences between the actual results and estimates are recognized in the year in which the results are known/ materialized.

Notes :-

a) Term loan from Kotak Mahindra Bank Ltd is secured by Land and Building including other fixed assets and current assets including movable and immovable asstes (present and future) of the company and guaranteed by the promoter directors of the company.

b) Term loan from Dhanlaxmi Bank Ltd is secured by Hypotication of Equipments and Equitable Mortgage Land and factory building of NMC Biopharm Pvt Ltd and personal guarantee of promoter directors of the company

c) Vehicle loans are secured against hypothecation of respective vehicles.

d) Deferred Credit is for the supply of Fixed Assets from supplier and guaranteed by thepromoter directors of the company.

Note 3 : Leases Asset Taken on Lease

The Company has taken premises on lease for which total expenditure amounting to Rs. 56,64,368/-(Previous Year Rs. 36,62,116/-) have been incurred.

Note 4 : In view of the management, the current assets, loans and advances have a value on realization in the ordinary courses of business at least equal to the amount, at which they are stated in the Balance Sheet as at 31st March, 2012. Note 29 : There is no reportable segment of the company in view of the Accounting Standard -17 ' Segment Reporting' as issued by the Companies (Accounting Standards) Rules,2006

Note 5 : Sundry Debtors, Sundry Creditors and loans & advances are subject to confirmation from respective parties.

Note 6 : Note on Micro, Small and medium Enterprises

Pursuant to amendment to schedule VI of Companies Act,1956,vide Notification No GSR 719(E) dated November 16, 2007,the company has not received information from vender regarding the Micro ,Small and Medium Enterprises Development Act, 2006,Hence disclosure related to unpaid and outstanding at the year end together with the interest paid/payable have not been given.


Mar 31, 2011

(i) Sundry Debtors, Sundry Creditors and loans & advances are subject to confirmation from respective parties.

(ii) Additional information required by Para 3 to (4D) of part II of Schedule VI to the Companies Act, 1956, is as under:

(iii) During the year under review, no fixed assets have been acquired on lease basis.

(iv) The Company is engaged in the healthcare business , which in the context of Accounting Standard 17 issued by the Institute of Chartered Accountants of India is considered the only business segment.

(v) Related Party Transactions:

Related party disclosure required under Accounting Standard-18 issued by the Institute of Chartered Accountant of India are given below: A. List of Related Parties with whom transactions have taken place and Relationships:

(vi) Contingent Liabilities not provided for on the account of claims not acknowledged as debt Rs. 18,55,000/- (previous year Rs. 18,55,000/-).

(vii) Accounting Year

Accounting year of Balance Sheet and Profit & Loss is from 1 st April 2010 to 31 st March 2011 (Previous year 1 st April 2009 to 31 stMarch 2010).

(viii) Pursuant to amendment to schedule VI of Companies Act,1956,vide Notification No GSR 719(E) dated November 16, 2007,the company has not received information from vender regarding the Micro ,Small and Medium Enterprises Development Act, 2006,Hence disclosure related to unpaid and outstanding at the year end together with the interest paid/payable have not been given.

(ix) The Company has taken premises on lease for which total expenditure amounting to Rs. 36,62,116/-(Previous Year Rs. 27,45,250/-) have been incurred.

(x) In view of the management, the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the balance sheet as at 31.03.2011.

(xi) Previous year's figures have been regrouped/rearranged wherever necessary.


Mar 31, 2009

(i) The Company is engaged in the healthcare business , which in the context of Accounting Standard 17 Issued by the Institute of Chartered Accountants of India is considered the only business segment.

(ii) Related Party Transactions : Related party disclosure required under Accounting Standard-18 issued by the Institute Of Chartered Accountant of India are given below:

A. List of Related Parties with whom transactions have taken place and Relationships:

S. No. Name of the related party Nature of relationship

1 NMC Imaging & Diagnostics Pvt Ltd Associate company

2 NMC Overseas Pvt Ltd Associate company

3 Global Medical Centre & Pharma Production Limited Joint Venture

4 Brig. R. S. Chaudhri Key Managerial Personnel

5 Dr, Naveen Chaudhri Key Managerial Personnel

6 Mrs. Amita Chaudhri Relative of Key Managerial Personnel

(iii) Contingent Liabilities not provided for on the account of claims not acknowledged as debt Rs 18,55,000/- (previous year Rs. 18,55,000/-).

(iv) Accounting Year: Accounting year ot Balance Sheet and Profit & Loss is from 1st April 2008 to 31st March 2009 (Previous year 1st April 2007 to 31st March 2008).

(v) Pursuant to amendment to schedule VI of Companies Act, 1956, vide Notification No. GSR 719(E) dated November 16, 2007, the company has not received information from vender regarding the Micro, Small and Medium Enterprises Development Act, 2006, Hence disclosure related to unpaid and outstanding at the year end together with the interest paid / payable have not been given.

(vi) Share Premium amount Rs. 4200000/- has arisen on account of allotment of 1200000 equity shares of Rs, 10/- each issued to FIs at a premium of Rs. 3.50/- each as per guide lines of SEBI.

(vii) Cash flows are reported using indirect method as specified in accounting standard, AS-3 cash flow statement.

(viii) The Company has taken premises on lease for which lotal expenditure amounting to Rs. 26,74,149/- (Previous Year Rs. 30,22,969/-) have been recognized.

(ix) In view of the management, the current assets, loans and advances have a value of realization in the ordinary course of busines at least equal to the amount at which they are stated in the balance sheet at 31.03.2009,

(x)Previous years figures have been regrouped / rearranged wherever necessary.

 
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