Home  »  Company  »  Secun. Health  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

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, 2011

1 Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975. NIL

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

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

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

5 In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs. Nil towards deferred income tax Asset. (Previous year Rs. 1732)

6 Previous year’s figures have been regrouped wherever necessary.

7 The figures have been rounded off to the 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.


Mar 31, 2009

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975.

NIL

2. Detailed inforametion regarding quantitative particulars under Part II of Schedule VI to the Companies Act, 1956.

(AS PER THE DETAILS ENCLOSED)

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

4. No confirmation were obtained from debtors / creditors as to the balances receivable from/payable to them as at year end.

5. In according with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs. 46,58,282/- towards defferred income tax liability (previous year Rs.6883789/- towards deferred income tax Liability).

6. Previous years figures have been regrouped wherever necessary.

7. The figure have been rounded off to the nearest rupee.


Mar 31, 2008

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

2. Comfirmations were obtained from, debtors / creditors as to the balances receivable from/payable to them as at year end.

In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs. 6883789/- towards deferred income tax Liability. (Previous year Rs. 266678/- towards deferred income tax Liability).

3. Previous years figures have been regrouped wherever necessary.

4. The figure have been rounded off to the nearest rupee.


Mar 31, 2007

1. The Company is engaged in Medical Services. The production and sale of such services cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of sales and the information as required under Paragraphs 3 and 4C of Part II of Schedule VI to the Companies Act, 1956.

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

3. No confirmation were obtained from debtors / creditors as to the balances receivable from/payable to them as at year end.

4. In according with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs.266678/- towards deferred income tax Liability.

5. Previous years figures have been regrouped wherever necessary.

6. The figure have been rounded off to the nearest rupee.


Mar 31, 2006

ANNUAL REPORT 2005-2006

NOTES ON ACCOUNTS

A. SIGNIFICANT ACCOUNTING POLICIES

General :

(i) These accounts are prepared on the historical cost basis and on the accounting principles of a going concern.

(ii) Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles.

Revenue Recognition :

(i) The Company follows the Mercantile system of Accounting and recognises income and expenditure on accrual basis.

(ii) Revenue is not recognised on the grounds of prudence, until realised in respect of liquidated damages, delayed payments as recovery of the amounts are not certain.

Inventories:

Inventories are valued at cost or market price whichever is lower.

Taxation :

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 recognised 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.

Earning Per Share:

The earning considered in ascertaining the company's earning per share comprises net profit after tax. The number of shares used in computing basic earning per share is the weighted average number of shares outstanding during the year.

Gratuity :

No provision for gratuity has been made as no employee has put in qualifying period of service for entitlement of this benefit.

B. NOTES ON ACCOUNTS

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975.

NIL

2. Director's Remuneration : Current Year (Rs.) Previous Year (Rs.) 112,000/- 112,000/-

3. Auditor's Remuneration Current Year (Rs.) Previous Year (Rs.) Audit Fee 25,000/- 25,000/-

4. The Company is engaged in Medical services. The production and sale of such services cannot be expressed in any generic unit, Hence, it is not possible to give the quantitative details of sales and the information as required under Paragraphs 3 and 4C of Part II of Schedule VI the Companies Act, 1956.

5 There are no dues to SSI Units outstanding for more than 30 days. The Secured loan availed by the company was repaid and there is no outstanding during the year.

6. No confirmations were obtained from debtors / creditors as to the balances receivable from / payable to them as at year-end.

7 As there is no timing difference of depreciation during the year, deferred income tax Asset / Liability for the current year not provided in accordance with Accounting Standard 22 (AS 22) issued by the ICAI. (Previous year Rs.480288/- towards deferred income tax Asset).

8. Previous years figures have been regrouped wherever necessary.

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

As per our report of even date

For P. MURALI & CO., CHARTERED ACCOUNTANTS

For and on behalf of the Board SECUNDERABAD HEALTH CARE LIMITED

P. MURALI MOHANA RAO PARTNER

MANAGING DIRECTOR

EXECUTIVE DIRECTOR

PLACE : HYDERABAD DATE : 02-09-2006


Mar 31, 2002

1. Particulars of Employees in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975. -NIL-

2. Remuneration to Auditors:

Current year Previous year Rs. Rs.

Audit Fee 25,000/- 25,000/-

3. Directors Remuneration:

Salary 6,08,000 608000/-

4. Rent for the Hospital premises has been not charged to profit and loss account from 1st April 1996 to 31st July, 2000. and for the same liability also not accounted in the book of records because matter is under litigation. During the year Rs. 18 lakhs paid to the owner as per Court advise the same shown as Advance.

5. In accordance with Accounting Standard 22 "Accounting for Taxes on Income" (AS 22) issued by the ICAI, the Company has accounted for deferred taxes during the year. Accumulated deferred tax liability of Rs 32.41 Lacs as on April 1, 2001 has been charged to revenue in accordance with the transitional provisions of AS 22. The deferred tax provision for the current year amounts to Rs. 0.39 lacs towards deferred tax liability.

6. EARNING PER SHARE:

The earnings considered in ascertaining the companys Earnings Per Share comprise net profit after tax. The number of shares used in computing basic Earnings Per share is the weighted average number of shares outstanding during the year.

7. No confirmation were obtained from debtors/creditors as to the balances receivable from/payable to them as at the year end.

8. Previous years figures have been regrouped wherever necessary.

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


Mar 31, 2001

1. Rent for the Hospital premises has been not charged to profit and loss account from 1st April 1996 to 31st July, 2000. and for the same liability also not accounted in the book of records because matter is under litigation. During the year Rs. 30 lakhs paid to the owner as per Court advise the same shown as Advance.

2. No confirmation were obtained from debtors/creditors as to the balances receivable from/payable to them as at the year end.

3. Previous years figures have been regrouped wherever necessary.

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


Mar 31, 2000

1. Particulars of Employees in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975. -- Nil --

2. Rent for the Hospital premises has been not charged to profit and loss account from 1st April 1996 to 31st July, 2000. and for the same liability also not accounted in the book of records because matter is under litigation. During the years Rs. 30 lakhs paid to the owner as per Court advise the same shown as Advance.

3. No confirmation were obtained from debtors/creditors as to the balances receivable from/payable to them as at the year end.

4. Previous year figures have been regrouped wherever necessary.

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


Mar 31, 1999

1. Particulars of Employees in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975. NIL

2. Remuneration to Auditors : Current year Previous year Rs. Rs. Audit Fee 15000/- 15000/-

3. Directors Remuneration : Current year Previous year Rs. Rs. Salary 5,48,000/- 3,60,000/-

4. Rent is not charged to profit and loss account and for the same liability also not taken in to account because matter is under litigation.

5. No confirmation were obtained from debtors / creditors as to the balances receivable from / payable to them as at the year end.

6. Previous years figures have been regrouped wherever necessary.

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


Mar 31, 1998

1. No confirmation were obtained from debtors / creditors as to the balances receivable from / payable to them as at the year end.


Mar 31, 1997

1. No confirmation were obtained from debtors / creditors as to the balances receivable from / payable to them as at the year end.

2. Particulars of Employees in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975.


Mar 31, 1995

1. The Schedules referred to in the Balance Sheet form an integral part of the accounts.

2. Particulars of Employees in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975.

NIL

3. Remuneration to Auditors is Rs 10,000/- as Audit fees (Previous year Rs 10,000/-).

4. Managing Directors Remuneration

Current year Previous year Rs. Rs.

Salary 60,000 30,000 Perquisites 60,000 30,000

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X