Note 1 Corporate Information
Noida Medicare Centre Limited , is a Public Limited Company domiciled
in India and incorporated under the provisions of the Companies
Act,1956. The company is primarily engaged in Hospital and Diagnostics
in NCR Region. It''s shares are listed on DSE, BSE and UPSE in India.
Note 2 2.1 Basis of Preparation
i) The financial statements of the Company have been prepared in
compliance with Accounting Standards issued by the Companies
(Accounting Standards) Rules,2006, the relevant provisions of the
Companies Act, 1956 and guideline issued by the Security Exchange Board
of India(SEBI) under the historical cost convention and on an accrual
basis of accounting in accordance with Generally Accepted Accounting
Principles (GAAP) except investment available for sale and held for
trading is measured at fair value and land and building which is
measured at revalued cost. Necessary adjustments for material variances
in the accounting policies, wherever applicable, have been made in the
consolidated financial statements.
ii) The accounting policies adopted for preparation of financial
statements are consistent with those of previous year, except for the
change in accounting policy explained para 2.3 (a) below.
2.2 Uses of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires making of estimates and
assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets & liabilities at the date of
financial statements and the reported amounts of revenues and expenses
during the reporting year. Differences between the actual results and
estimates are recognized in the year in which the results are known/
a) Term loan from Kotak Mahindra Bank Ltd is secured by Land and
Building including other fixed assets and current assets including
movable and immovable asstes (present and future) of the company and
guaranteed by the promoter directors of the company.
b) Term loan from Dhanlaxmi Bank Ltd is secured by Hypotication of
Equipments and Equitable Mortgage Land and factory building of NMC
Biopharm Pvt Ltd and personal guarantee of promoter directors of the
c) Vehicle loans are secured against hypothecation of respective
d) Deferred Credit is for the supply of Fixed Assets from supplier and
guaranteed by thepromoter directors of the company.
Note 3 : Leases Asset Taken on Lease
The Company has taken premises on lease for which total expenditure
amounting to Rs. 56,64,368/-(Previous Year Rs. 36,62,116/-) have been
Note 4 : In view of the management, the current assets, loans and
advances have a value on realization in the ordinary courses of
business at least equal to the amount, at which they are stated in the
Balance Sheet as at 31st March, 2012. Note 29 : There is no reportable
segment of the company in view of the Accounting Standard -17
'' Segment Reporting'' as issued by the Companies (Accounting Standards)
Note 5 : Sundry Debtors, Sundry Creditors and loans & advances are
subject to confirmation from respective parties.
Note 6 : Note on Micro, Small and medium Enterprises
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.