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.