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Noida Medicare
BSE: 523670|ISIN: INE740C01019|SECTOR: Hospitals & Medical Services
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« Mar 09
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.
Source : Dion Global Solutions Limited
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