I. Rs.in lakhs
As at 31st March As at 31st March
Estimated amounts of contracts
remaining to be executed
and not provided for 1,925.00 0.00
Claims under adjudication not
acknowledged as debts:
i) Demands raised by Income Tax,
Excise & Service Tax Authorities 58.01 58.01
II) Bank & other Guarantees
I. The presentation of the accounts is based on the Revised Schedule VI
of the Companies Act, 1956, applicable from the current financial year.
Accordingly, previous year figures are realigned to make it comparable
with the current year. Assets & Liabilities are bifurcated into current
and non-current based on 12 months period from the Balance Sheet date,
as the Operating cycle of the Company is less than one year.
1. The company has invested in Accentia Physician services a software
development company which is in to development of software related to
EMR and SaaS. During the current year investment made for acquiring
17.85% of the total shares of the company. The company has strategic
investment plan to take over the full control of the company over a
period of time.
2. Erstwhile GET, has taken commercial premises under financial lease.
The Company to recognize the lease as an asset and a liability. This
has been disclosed pursuant to Accounting Standards 19,Leasesissued
by the Instituteof Chartered Accountants of India.
3. The company has not received any intimation from the suppliers
regarding The Micro, Small and Medium Development Act, 2006 (the Act)
and hence disclosure regarding:
a) Amount due and outstanding to suppliers as at the end of the
b) Interest paid during the year.
c) Interest payable at the end of the accounting year.
d) Interest accrued and unpaid at the end of accounting year and has
not been provided. The Company is making efforts to get the
confirmations from the suppliers as regards their status under the Act.
4. In the opinion of the Board, the Current Assets, loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated in the financial
statements and provision made for all known and determined liabilities
are adequate and not in excess of the amount stated.
5. Previous year figures have been regrouped, reclassified and
rearranged wherever necessary to confirm to this year''s classification.
Figures with previous year are not comparable due to merging of the
company during the current year.
6. Balance sheet Abstract & Companies general business profile as
required by Part IV Schedule VI to the Companies Act 1956 is enclosed
in Annexure A''.