Mar 31, 2015
Background of the Company
Dhanvantri Jeevan Rekha Ltd. is a company listed with U.P. Stock
Exchange, Mumbai Stock Exchange and Delhi Stock Exchange providing
diagnostic and therapeutic services in the field of Urology,
Gastroenterology, Cardiology, Neurology, Internal Medicine and
Radiology including Magnetic Resonance Imaging (MRI). it has extended
its scope of diagnostic and hospital services by providing a fully
operational Cath Lab, catering to higher end needs of the cardiac
patients including Angiography, Angioplasty, Pacemaker Implantation,
Valvuloplasty etc. In these financial statements, current year figures
are from April 1, 2014 to March 31, 2015 (2014-2015). Previous year
figures are from April 1, 2013 to March 31, 2014 (2013-2014). The
functional and reporting currency of the Company is Indian Rupees.
2.1 General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to the Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
2.2 Valuation of Inventories
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First in First Out Method (FIFO).
2.3 Recognition of Income & Expenses All items of incomes and expenses
have been accounted for on accrual basis.
Borrowing Cost
Borrowing Costs attributable to acquisition and construction of
qualifying assets are capitalized as a part of the cost of such asset
up to the date when such assets is ready for its intended use.
Other borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition
The Company follows mercantile system of accounting and recognizes
income and expenditure on accrual basis except those with significant
uncertainties and in accordance with accounting standards applicable.
Provisions
Provisions are recognized in the accounts in respect of present
probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Liability in respect of retirement benefits is provided and / or funded
and charged to Profit & Loss Account as follows:
(a) Provident Fund/ Family Pension Fund: are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
(b) Gratuity: The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
8.1 Taxes on Income
Provision for current tax is made on the basis of estimated taxable
income for current accounting year in accordance with the Income Tax
Act, 1961, taking into account the regular tax liability of MAT. The
tax liability is based on claims made in earlier years and expert
opinion received.
The deferred tax for timing differences between book profit and tax
profits is accounted for, using the tax rates and laws that have been
substantively enacted as of the balances sheet date.
9.1 Fixed Assets
(a) Fixed Assets are stated at cost less accumulated depreciation. Cost
comprises the purchase price or cost of construction and any
attributable cost of bringing the asset to its working condition for
its intended use.
9.2 Depreciation
(a) Depreciation on assets is provided on straight line basis at the
rates and in the manner as specified in Schedule li to the Companies
Act, 2013.
(b) The Company's management has reviewed and changed useful life of
assets (from their date of purchase) resulting in re-computation of
depreciation and related deferred tax liabilities, where applicable.
(c) Depreciation on Fixed Assets added/disposed/off/ discarded during
the year has been provided on a pro-rata basis.
Mar 31, 2014
1.1 General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to the Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
2.2 Valuation of Inventories
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First in First Out Method (FIFO).
2.3 Recognition of Income & Expenses
All items of Incomes and expenses have been accounted for on accrual
basis.
Borrowing Cost - Borrowing Costs attributable to acquisition and
construction of qualifying assets are capitalized as a part of the cost
of such asset up to the date when such assets is ready for its intended
use.
Other borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition - The Company follows mercantile system of
accounting and recognizes income and expenditure on accrual basis
except those with significant uncertainties and in accordance with
accounting standards applicable.
Provisions - Provisions are recognized in the accounts in respect of
present probable obligations, the amount of which can be reliably
estimated..
Retirement Benefits - Liability in respect of retirement benefits is
provided and/or funded and charged to Profit & Loss Account as follows:
(a) Provident Fund/ Family Pension Fund: are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
(b) Gratuity: The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
3.1 The Equity Shares of the Company, having par value of Rs. 10/- per
share, rank parri passu in all respect including voting rights and
entitlement of Dividends
6.1 Unsecured Loan has been taken from public @12% p.a., repayable in
three years
8.1 Taxes on Income
Provision for current tax is made on the basis of estimated taxable
income for current accounting year in accordance with the Income Tax
Act, 1961, taking into account the regular tax liability of MAT. The
tax liability is based on claims made in earlier years and expert
opinion received.
The deferred tax for timing differences between book profit and tax
profits is accounted for, using the tax rates and laws that have been
substantively enacted as of the balances sheet date.
Deferred tax assets arising from timing differences are recognized to
the extent there is reasonable certainty that these would be realized
in future.
Deferred tax assets are recognized on unabsorbed losses only if there
is virtual certainty that such deferred tax assets can be realized
against future taxable profits.
9.1 Fixed Assets
(a) Fixed Assets are stated at cost less accumulated depreciation. Cost
comprises the purchase price or cost of construction and any
attributable cost of bringing the asset to its working condition for
its intended use.
9.2 Depreciation
(a) Depreciation on assets is provided on straight line basis at the
rates and in the manner as specified in Schedule XIV to the Companies
Act, 1956
(b) Depreciation on Fixed Assets added/disposed/off/ discarded during
the year has been provided on a pro-rata basis.
Mar 31, 2013
1.1 General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to the Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
1.2 Valuation of Inventories
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First in First Out Method iFIFO).
1.3 Recognition of Income & Expenses
All items of Incomes and expenses have been accounted for on accrual
basis.
Borrowing Cost
Borrowing Costs attributable to acquisition and construction of
qualifying assets are capitalized as a part of the cost of such asset
up to the date when such assets is ready for its intended use. Other
borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition
The Company follows mercantile system of accounting and recognizes
income and expenditure on accrual basis except those with significant
uncertainties and in accordance with accounting standards applicable.
Provisions
Provisions are recognized in the accounts in respect of present
probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Liability in respect of retirement benefits is provided and / or funded
and charged to Profit & Loss Account as follows:
(a) Provident Fund/ Family Pension Fund: are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
(b) Gratuity: The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
Mar 31, 2012
1.1 General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to the Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
1.2 Valuation of Inventories
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First in First Out Method (FIFO).
1.3 Recognition of Income & Expenses
All items of Incomes and expenses have been accounted for on accrual
basis.
Borrowing Cost
Borrowing Costs attributable to acquisition and construction of
qualifying assets are capitalized as a part of the cost of _ such asset
up to the date when such assets is ready for its intended use. '
Other borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition
The Company follows mercantile system of accounting and recognizes
income and expenditure on accrual basis except those with significant
uncertainties and in accordance with accounting standards applicable.
Provisions
Provisions are recognized in the accounts in respect of present
probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Liability in respect of retirement benefits is provided and / or funded
and charged to Profit & Loss Account as follows:
(a) Provident Fund/ Family Pension Fund: are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
(bj Gratuity: The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
Mar 31, 2011
General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to The Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
Valuation of Inventories:
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First In First Out Method (FIFO)
Recognition of Income & Expenses
All items of incomes and expenses have been accounted for on accrual
basis.
Fixed Assets
(a) Fixed Assets are stated at cost less accumulated depreciation. Cost
comprises the purchase price or cost of construction and any
attributable cost of bringing the asset to its working condition for
its intended use.
Depreciation
(a) Depreciation on assets are provided on straight line basis at the
rates and in the manner as specified in Schedule XIV to The Companies
Act, 1956.
(b) Depreciation on Fixed Assets added / disposed / off / discarded
during the year has been provided on a pro-rata basis.
Borrowing Cost
Borrowing Costs attributable to acquisition and construction of
qualifying assets are capitalized as a part of the cost of such asset
up to the date when such assets are ready for its intended use.
Other borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition
The Company follows mercantile system of accounting and recognizes
income and expenditure on accrual basis except those with significant
uncertainties and in accordance with accounting standards applicable.
Provisions
Provisions are recognized in the accounts in respect of present
probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Liability in respect of retirement benefits is provided and / or funded
and charged to Profit & Loss Account as follows:
(a) Provident Fund / Family Pension Fund : are charged to the Profit
and Loss Account of the year when the contributions to the respective
funds are accrued.
(b) Gratuity : The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
Taxes on Income
Provision for current tax is made on the basis of estimated taxable
income for current accounting year in accordance with the Income Tax
Act, 1961.
The deferred tax for timing differences between book profit and tax
profits is accounted for, using the tax rates and laws that have been
substantively enacted as of the balance-sheet date.
Deferred tax assets arising from timing differences are recognized to
the extent there is reasonable certainty that these would be realized
in future.
Deferred tax assets are recognized on unabsorbed losses only if there
is virtual certainty that such deferred tax assets can be realized
against future taxable profits.
Mar 31, 2010
General
(a) The Financial statement are prepared under the historical cost
convention and as a going concern basis, in accordance with the
Generally Accepted Accounting Principles (GAAP) prevalent in India and
the Mandatory Accounting Standards issued by the Institute of Chartered
Accountants of India and according to The Companies Act, 1956.
(b) Accounting policies that are not specifically referred are
consistent and in consonance with generally accepted accounting
policies.
Valuation of Inventories
(a) Consumables etc. are valued at lower of the cost or net realizable
value applying the First in First Out Method (FIFO).
Recognition of Income & Expenses
All items of Incomes and expenses have been accounted for on accrual
basis.
Fixed Assets
(a) Fixed Assets are stated at cost less accumulated depreciation. Cost
comprises the purchase price or cost of construction and any
attributable cost of bringing the asset to its working condition for
its intended use.
Depreciation
(a) Depreciation on assets is provided on straight line basis at the
rates and in the manner as specified in Schedule XIV to The Companies
Act, 1956
(b) Depreciation on Fixed Assets added/disposed/off/ discarded during
the year has been provided on a pro-rata basis.
Borrowing Cost
Borrowing Costs attributable to acquisition and construction of
qualifying assets are capitalized as a part of the cost of such asset
up to the date when such assets is ready for its intended use.
Other borrowing costs are charged to the Profit & Loss Account.
Revenue Recognition
The Company follows mercantile system of accounting and recognizes
income and expenditure on accrual basis except those with significant
uncertainties and in accordance wth accounting standards applicable.
Provisions
Provisions are recognized in the accounts in respect of present
probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Liability in respect of retirement benefits is provided and / or funded
and charged to Profit & Loss Account as follows:
(a) Provident Fund/ Family Pension Fund: are charged to the Profit and
Loss Account of the year when the contributions to the respective funds
are accrued.
(b) Gratuity: The Company is in process to get the Group Gratuity
Scheme with the Life Insurance Corporation of India to cover the
liability in respect of Gratuity to employees.
(c) Leave Encashment: As determined on the basis of accumulated leave
in the credit of employee as at the year end.
Taxes on Income
Provision for current tax is made on the basis of estimated taxable
income for current accounting year in accordance with the Income Tax
Act, 1961.
The deferred tax for timing differences between book profit and tax
profits is accounted for, using the tax rates and laws that have been
substantively enacted as of the balances sheet date.
Deferred tax assets arising from timing differences are recognized to
the extent there is reasonable certainty that these would be realized
in future.
Defferred tax assets are recognized on unabsorbed losses only if there
is virtual certainty that such deferred tax assets carube realized
against future taxable profits.
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