Mar 31, 2014
A. GOING CONCERN CONCEPT
The accounts have been prepared as a going concern under historical
cost basis of accounting and the Company adopted the accrual system of
accounting. Accounting policies not stated explicitly otherwise are
consistent with generally accepted accounting policies.
b. FIXED ASSETS
Fixed Assets are stated at cost less accumulated depreciation.
Other fixed assets include Tenancy, lease hold and other contract
rights for which value was paid to Dr. B.R. Soni for purchase of Soni
Hospital and no depreciation has been charged on it till date.
c. INVESTMENT
Investments are valued at acquisition cost.
d. DEPRECIATION
Depreciation has been provided on straight line method at rates
prescribed under Schedule XIV to the Companies Act, 1956.
e. INVENTORIES
Stock of drugs & medicines and other consumables have been valued at
cost or net realizable price, whichever is lower.
f. RETIREMENT BENEFITS
Employees Group Gratuity Scheme of LIC had been opted in May, 2010 and
Company is paying the Gratuity contribution to LIC in installments as
prescribed by it.
Encashment of Leave is allowed as and when employee leaves the company.
g. PRELIMINARY EXPENDITURE/SHARE ISSUE EXPENSES
Preliminary expenses are being written off over a period of 10 years
subsequent to the year in which the same were incurred.
h. SEGMENT ACCOUNTING :
The Company deals in only one Service segment at Jaipur i.e. Hospital
Services and hence requirement of AS-17 "Segment Reporting" is not
applicable.
i. EARNING PER SHARE :
The earnings considered in ascertaining the Company's EPS comprise the
net profit after tax (and include the post tax effect of any extra
ordinary items), The number of shares used in computing Basic EPS is
the weighted average number of shares outstanding during the year.
j. TAXATION :
Tax expense for the year, comprising current tax and deferred tax is
included in determining the net profit for the year. A provision is
made for the current tax based on tax liability computed in accordance
with relevant tax rates and tax laws. A provision is made for deferred
tax for all timing difference arising between taxable income and
accounting income at currently prescribed tax rates.
Deferred tax assets are recognized only if there is reasonable
certainty that they will be realised and are reviewed for the
appropriateness of their respective carrying values at each balance
sheet date.
Mar 31, 2013
A. GOING CONCERN CONCEPT
The accounts have been prepared as a going concern under historical
cost basis of accounting and the Company adopted the accrual system of
accounting. Accounting policies not stated explicitly otherwise are
consistent with generally accepted accounting policies.
b. FIXED ASSETS
Fixed Assets are stated at cost less accumulated depreciation.
Other fixed assets include Tenancy, lease hold and other contract
rights for which value was paid to Dr. B.R. Soni for purchase of Soni
Hospital and no depreciation has been charged on it till date.
c. INVESTMENT
Investments are valued at acquisition cost.
d. DEPRECIATION
Depreciation has been provided on straight line method at rates
prescribed under Schedule XIV to the Companies Act, 1956.
e. INVENTORIES
Stock of drugs & medicines and other consumables have been valued at
cost or net realizable price, whichever is lower.
f. RETIREMENT BENEFITS
Employees Group Gratuity Scheme of LIC had been opted in May, 2010 and
Company is paying the Gratuity contribution to LIC in installments as
prescribed by it.
Encashment of Leave is allowed as and when employee leaves the company.
g. PRELIMINARY EXPENDITURE/SHARE ISSUE EXPENSES
Preliminary expenses are being written off over a period of 10 years
subsequent to the year in which the same were incurred.
h. SEGMENT ACCOUNTING :
The Company deals in only one Service segment at Jaipur i.e. Hospital
Services and hence requirement of AS-17 "Segment Reporting" is not
applicable.
i. EARNING PER SHARE :
The earnings considered in ascertaining the Company's EPS comprise the
net profit after tax (and include the post tax effect of any extra
ordinary items), The number of shares used in computing Basic EPS is
the weighted average number of shares outstanding during the year.
j. TAXATION :
Tax expense for the year, comprising current tax and deferred tax is
included in determining the net profit for the year. A provision is
made for the current tax based on tax liability computed in accordance
with relevant tax rates and tax laws. A provision is made for deferred
tax for all timing difference arising between taxable income and
accounting income at currently prescribed tax rates.
Deferred tax assets are recognized only if there is reasonable
certainty that they will be realised and are reviewed for the
appropriateness of their respective carrying values at each balance
sheet date.
Mar 31, 2012
A. GOING CONCERN CONCEPT
The accounts have been prepared as a going concern under historical
cost basis of accounting and the Company adopted the accrual system of
accounting. Accounting policies not stated explicitly otherwise are
consistent with generally accepted accounting policies.
b. FIXED ASSETS
Fixed Assets are stated at cost less accumulated depreciation.
Other fixed assets include Tenancy, lease hold and other contract
rights for which value was paid to Dr. B.R. Soni for purchase of Soni
Hospital and no depreciation has been charged on it till date.
c. INVESTMENT
Investments are valued at acquisition cost.
d. DEPRECIATION
Depreciation has been provided on straight line method at rates
prescribed under Schedule XIV to the Companies Act, 1956.
e. INVENTORIES
Stock of drugs & medicines and other consumables have been valued at
cost or net realizable price, whichever is lower.
f. RETIREMENT BENEFITS
Employees Group Gratuity Scheme of LIC had been opted in May, 2010 and
Company is paying the Gratuity contribution to LIC in installments as
prescribed by it.
Encashment of Leave is allowed as and when employee leaves the company.
g. PRELIMINARY EXPENDITURE/SHARE ISSUE EXPENSES
Preliminary expenses are being written off over a period of 10 years
subsequent to the year in which the same were incurred.
h. SEGMENT ACCOUNTING :
The Company deals in only one Service segment at Jaipur i.e. Hospital
Services and hence requirement of AS-17 "Segment Reporting" is not
applicable.
i. EARNING PER SHARE :
The earnings considered in ascertaining the Company's EPS comprise the
net profit after tax (and include the post tax effect of any extra
ordinary items), The number of shares used in computing Basic EPS is
the weighted average number of shares outstanding during the year.
j. TAXATION :
Tax expense for the year, comprising current tax and deferred tax is
included in determining the net profit for the year. A provision is
made for the current tax based on tax liability computed in accordance
with relevant tax rates and tax laws. A provision is made for deferred
tax for all timing difference arising between taxable income and
accounting income at currently prescribed tax rates.
Deferred tax assets are recognized only if there is reasonable
certainty that they will be realised and are reviewed for the
appropriateness of their respective carrying values at each balance
sheet date.