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-0.5 (-2.94%)| Notes to Accounts | Year End : Mar '12 |
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/ materialized. Notes :- 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 company c) Vehicle loans are secured against hypothecation of respective vehicles. 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 incurred. 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) Rules,2006 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. |
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| Source : Dion Global Solutions Limited | |
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