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 yearÂs 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