(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. |