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Moneycontrol.com India | Notes to Account > Hospitals & Medical Services > Notes to Account from Noida Medicare - BSE: 523670, NSE: N.A
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Noida Medicare
BSE: 523670|ISIN: INE740C01019|SECTOR: Hospitals & Medical Services
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« Mar 08
Notes to Accounts Year End : Mar '09
(i) The Company is engaged in the healthcare business , which in the
 context of Accounting Standard 17 Issued by the Institute of Chartered
 Accountants of India is considered the only business segment.
 
 (ii) Related Party Transactions : Related party disclosure required
 under Accounting Standard-18 issued by the Institute Of Chartered
 Accountant of India are given below:
 
 A.  List of Related Parties with whom transactions have taken place and
 Relationships:
 
 S. No.     Name of the related party         Nature of relationship
 
 1        NMC Imaging & Diagnostics Pvt Ltd     Associate company
 
 2        NMC Overseas Pvt Ltd                  Associate company
 
 3        Global Medical Centre & Pharma
          Production Limited                    Joint Venture
 
 4        Brig. R. S. Chaudhri                  Key Managerial Personnel
 
 5        Dr, Naveen Chaudhri                   Key Managerial Personnel
 
 6        Mrs. Amita Chaudhri                   Relative of Key 
                                                Managerial Personnel
 
 (iii) Contingent Liabilities not provided for on the account of claims
 not acknowledged as debt Rs 18,55,000/- (previous year Rs.
 18,55,000/-).
 
 (iv) Accounting Year: Accounting year ot Balance Sheet and Profit &
 Loss is from 1st April 2008 to 31st March 2009 (Previous year 1st April
 2007 to 31st March 2008).
 
 (v) Pursuant to amendment to schedule VI of Companies Act, 1956, vide
 Notification No. GSR 719(E) dated November 16, 2007, the company has
 not received information from vender regarding the Micro, Small and
 Medium Enterprises Development Act, 2006, Hence disclosure related to
 unpaid and outstanding at the year end together with the interest paid
 / payable have not been given.
 
 (vi) Share Premium amount Rs. 4200000/- has arisen on account of
 allotment of 1200000 equity shares of Rs, 10/- each issued to FIs at a
 premium of Rs. 3.50/- each as per guide lines of SEBI.
 
 (vii) Cash flows are reported using indirect method as specified in
 accounting standard, AS-3 cash flow statement.
 
 (viii) The Company has taken premises on lease for which lotal
 expenditure amounting to Rs. 26,74,149/- (Previous Year Rs.
 30,22,969/-) have been recognized.
 
 (ix) In view of the management, the current assets, loans and
 advances have a value of realization in the ordinary course of busines
 at least equal to the amount at which they are stated in the balance
 sheet at 31.03.2009,
 
 (x)Previous years figures have been regrouped / rearranged
 wherever necessary.
Source : Dion Global Solutions Limited
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