Mar 31, 2013
1 Background of the company:
The company is currently engaged in the business of cosmetic and
medical services.
2 Trade receivables, trade payables, loans & advances, other current
assets and other current liabilities are subject to confrmation &
reconciliation if any.
3 As the company does not have information as to which of its
creditors is registered under The Micro, Small and Medium Enterprises
Development Act, 2006 , no disclosure as required by the said Act is
given.
General description of the leasing arrangement:
i) Leased Assets: Premises.
ii) Future lease rentals are determined on the basis of agreed terms.
iii) At the expiry of the lease term, the Company can extend the lease
with mutual agreement with Lessee.
4 Related Party Disclosure as per Accounting Standard - 18 :
a) Holding Company
Birla Wellness & Healthcare Pvt Ltd (Upto 29 June 2011)
b) Key Management Personnel
Mr. Yashovardhan Birla Director (Upto 14th February 2013)
Mr. PVR Murthy Director
Mr. Abhijit Desai Managing Director (Upto 30th September 2012)
Mr. Jaydeep Banerjee Managing Director (From 7th November 2012 to 14th
February 2013)
c) Enterprises where Key Management Personnel have got signifcant
infuence Birla Lifestyle Pvt Ltd
Birla Kerala Vaidhyashala Pvt Ltd.
Birla Wellness & Healthcare Pvt Ltd
Birla Shloka Edutech Limited
Birla Research & Lifesciences Ltd.
Birla Power Solutions Ltd.
Birla Surya Ltd.
Birla Cotsyn Ind. Ltd
Birla Infrastructure Ltd.
d) Relatives of Key Managerial Personnel Mrs. Avanti Birla
e) Partnership where Company is a partner. Birla IVF LLP
5 SEGMENT REPORTING
The Company is operating in only one segment, namely, in the business
of medical and healthcare treatments.
6 Figures are rounded off to the nearest rupee.
7 Previous period fgures are regrouped and rearranged wherever
necessary.
8 The company made its Initial Public Offering (IPO) in June 2011 and
has issued 6,51,46,366.Equity shares of Rs. 10/- each for cash at a
price of Rs. 10/- per Equity share aggregating to Rs. 65,17,63,660.
Pursuant to the issue, the Equity Share Capital of Company stands
increased to Rs. 1,12,14,25,840. The Equity Shares have been listed on
the Bombay Stock Exchange Limited with effect from 7th July, 2011.
9 Exceptional Item represents writting off of deferred accumulated
revenue expenditure of Rs.8,97,55,020 being in the nature of Brand
Building Expenses and IPO expenses.
10 The company is in the process of recruiting full time Secretary as
required by Sec. 383A of the Companies Act, 1956 and Managing Director
as required by Sec. 269 of the Companies Act, 1956.
Mar 31, 2012
1 Background of the company:
The company is currently engaged in the business of cosmetic and
medical services.
2 Trade receivables, trade payables, loans & advances, other current
assets and other current liabilities are subject to confirmation &
reconciliation if any.
3 As the company does not have information as to which of its
creditors is registered under The Micro, Small and Medium Enterprises
Development Act, 2006 , no disclosure as required by the said Act is
given.
General description of the leasing arrangement:
i) Leased Assets: Premises.
ii) Future lease rentals are determined on the basis of agreed terms.
iii) At the expiry of the lease term, the Company can extend the lease
with mutual agreement with Lessee.
4 related Party Disclosure as per Accounting Standard - 18 :
a) Holding Company
Birla Wellness & Healthcare Pvt Ltd (Upto 29 June 2011)
b) Key Management Personnel
Mr. Yashovardhan Birla Director Mr. PVR Murthy Director
Dr. Abhijit Desai Managing Director
c) Enterprises where Key Management Personnel have got significant
influence Birla Lifestyle Pvt. Ltd.
Birla Viking Travels Ltd.
Birla Kerala Vaidhyashala Pvt Ltd.
Shearson Investment & Trading Co Pvt Ltd.
Birla Wellness & Healthcare Pvt Ltd. (after 29 June 2011)
Birla Shloka Edutech Ltd.
Birla research & Lifesciences Ltd.
Birla Power Solutions Ltd.
Birla Surya Ltd.
Birla Cotsyn (India) Ltd.
Birla Infrastructure Ltd.
d) relatives of Key Managerial Personnel Mrs. Avanti Birla
e) Partnership where Company is a partner.
Birla IVF LLP
5 SEGMENT REPORTING
The Company is operating in only one segment, namely, in the business
of medical and healthcare treatments.
6 Figures are rounded off to the nearest rupee.
7 Previous period figures are regrouped and rearranged wherever
necessary.
8 The company made its Initial Public Offering (IPO) in June 2011 and
has issued 6,51,46,366 Equity shares of Rs. 10/- each for cash at a
price of Rs. 10/- per Equity share aggregating to Rs. 65,17,63,660.
Pursuant to the issue, the Equity Share Capital of Company stands
increased to Rs. 1,12,14,25,840. The Equity Shares have been listed on
the Bombay Stock Exchange Limited with effect from 7th July, 2011.
9 The Company has deferred the accumulated revenue expenditure of Rs.
8,97,75,020 (previous period Rs. 5,56,38,638 plus current period
Rs.3,41,16,382) being in the nature of Brand Building Expenses.
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