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Notes to Accounts of Secunderabad Healthcare Ltd.

Mar 31, 2015

1. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

2. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

3. The Company did not have any transaction with small scale industrial (SSI) undertaking during the year ended March 31st, 2015 and hence there are no amounts due to such undertaking. Further the identification of SSI undertaking is based on the management's knowledge of their status.

4. In accordance with the Accounting Standard 22 (AS 22) issued by the Institute of Chartered Accountants of India, the Company has accounted for deferred income tax during the year. The deferred Income Tax provision during the year amounts to Rs. (6,42,386) as compared to Rs. (16,325) for the previous year.

5. Detailed information regarding quantitative particulars under part II of Schedule III to the Companies Act, 2013.

(AS PER DETAILS ENCLOSED)

6. Related Party & Related Party Transactions Disclosures: a. Related Parties:

Name of the Related Party Nature of Relationship

Daniel Solomon Bondugula Managing Director

Vinay Madhukar Ganu Executive Director

Rajaram Arjun Rambade Executive Director

Sangeeta Dyanoba Savane Non Executive - Independent Director

Surendra Naidu Rayapati Non Executive - Independent Director

Dr. Thakur Ramesh Singh Non Executive - Independent Director Chouhan

Amit Tarach and Shah Non Executive - Independent Director

Jigar Premchand Motta Non Executive - Independent Director

S L M Chowdary Palempati Non Executive- Non-Independent Director

7. Previous year's figures have been regrouped wherever necessary.

8. The figures have been rounded off to nearest rupee.


Mar 31, 2014

1. Investment:

The Quoted and Unquoted Investments are stated at cost i.e. cost of acquisition, inclusive of the expenses incidental to acquisition, wherever applicable.

2. Inventories:

Inventories are valued at Cost or Market Price, whichever is lower.

3. Taxes on Income:

The current charge for income tax is calculated in accordance with the relevant tax regulations applicable to the company, deferred tax asset and liability is recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial Statements. Deferred tax asset & liability are measured as per the tax rates/ laws that have been enacted or substantively enacted by the Balance Sheet date.

4. Earnings per Share :

The Earnings considered in ascertaining the Earnings per Share comprises the Net Profit after Tax. The number of Shares used in the computation of the Earnings per Share is the weighted average number of Shares outstanding during the year.

5. Gratuity:

No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed five years of services as required by the payment of Gratuity Act.

6. Related Party Disclosures

The Company furnishes the Disclosure of transactions with related parties, as required by Accounting Standard 18 "Related Party Disclosure" as specified in the Companies (Accounting Standard) Rules, 2006. Related parties as defined under clause 3 of the Accounting Standard 18 have been identified on the basis of representation made by the management and information available with the company.

7. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

8. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

9. The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended March 31st,2014 and hence there are no amounts due to such undertaking. Further the identification of SSI undertaking is based on the management''s knowledge of their status.

10. The implementation of Accounting Standard (AS-20) "Earning per share" issued by the Institute of Chartered Accountants of India.

11. Previous year''s figures have been regrouped wherever necessary.

12. The figures have been rounded off to nearest rupee.

13. In accordance with the Accounting Standard 22 (AS 22) issued by the Institute of Chartered Accountants of India, the Company has accounted for deferred income tax during the year. The deferred Income Tax provision during the year amounts to Rs. (16,325) as compared to Rs. (2,35,487) for the previous year.

14. Detailed information regarding quantitative particulars under part II of Schedule VI to the Companies Act, 1956.


Mar 31, 2013

1. Investment :

The Quoted and Unquoted Investments are stated at cost i.e. cost of acquisition, inclusive of the expenses incidental to acquisition, wherever applicable.

2. Inventories :

Inventories are valued at Cost or Market Price, whichever is lower.

1. Taxes on Income :

The current charge for income tax is calculated in accordance with the relevant tax regulations applicable to the company, deferred tax asset and liability is recognized for future tax consequences attributable to the timing differences that result between the profit offered for income tax and the profit as per the financial Statements. Deferred tax asset & liability are measured as per the tax rates/ laws that have been enacted or substantively enacted by the Balance Sheet date.

2. Earnings per Share :

The Earnings considered in ascertaining the Earnings per Share comprises the Net Profit after Tax. The number of Shares used in the computation of the Earnings per Share is the weighted average number of Shares outstanding during the year.

3. Gratuity :

No provision for Gratuity has been made in the accounts as none of the employees of the Company have completed five years of services as required by the payment of Gratuity Act.

4. Related Party Transactions

Related party disclosures under accounting standard 18 issued by ICAI are not applicable as there is no related party transaction.

5. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

The provisions for all known liabilities are ascertained.

6. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

7. The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended March 31st, 2013 and hence there are no amounts due to such undertaking. Further the identification of SSI undertaking is based on the management''s knowledge of their status.

8. In accordance with the Accounting Standard 22 (AS 22) issued by the Institute of Chartered Accountants of India, the Company has accounted for deferred income tax during the year. The deferred Income Tax provision during the year amounts to Rs. (235487) as compared to Rs. (1800478) for the previous year.

9. CIF Value of Imports NIL

10. Expenditures in Foreign Currencies NIL

11. Remittance in Foreign Currency NIL

12. Earning in foreign Currency NIL

13. Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 is not applicable to the Company.

14. The implementation of Accounting Standard (AS-20) "Earning per Share" issued by the Institute of Chartered Accountants of India.

15. The figures have been rounded off to nearest rupee


Mar 31, 2012

1. In the opinion of the management, the Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are ascertained.

2. Balance of Creditors and Loans & Advances and balances of Bank current account are subject to confirmation.

3. The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended March 31st, 2012 and hence there are no amounts due to such undertaking. Further the identification of SSI undertaking is based on the management's knowledge of their status.

4. In accordance with the Accounting Standard 22 (AS 22) issued by the Institute of Chartered Accountants of India, the Company has accounted for deferred income tax during the year. Deferred Income Tax provision during the year amounts to Rs. 1800478 as compared to Nil for the previous year.

5 CIF Value of Imports NIL

6 Expenditures in Foreign Currencies NIL

7 Remittance in Foreign Currency NIL

8 Earning in foreign Currency NIL

9. Additional information pursuant to paragraph 3 of the part II of the Schedule VI to the Companies Act, 1956 is not applicable to the Company.

10. Till the year ended 31s' March 2011, pre-revised Schedule VI to the Companies Act 1956 was being used for preparation and presentation of financial statements. During the year ended 31st March 2012, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company. Accordingly, the company has reclassified figures of previous year to confirm to this year's classification. On adoption of the revised Schedule VI, there has been no significant impact on recognition and measurement principles followed for preparation of financial statements.

11. The figures have been rounded off to nearest rupee.


Mar 31, 2010

1 There are no dues to SSI Units outstanding for more than 30 days.

2 Confirmations were obtained from debtors/creditors as to the balance receivable from/payable to them as at year end.

3 In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has ac- counted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs. 1732/- towards deferred income tax Asset. (Previous year Rs. 4658282/- to- wards deferred income tax Liability.)

4 Previous years figures have been regrouped wherever necessary.

5 The figures have been rounded off to the nearest rupee.

 
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