1.  Income tax comprises current tax and deferred tax. The Current
 Income Tax is calculated in accordance with the provisions of Income
 Tax Act, 1961. Deferred Tax is Calculated as per Accounting
 Standard-22.
 
 2.  In the Opinion of the Board of Directors and to the best of their
 knowledge and belief the value of realization of Current Assets, Loans
 & Advances in the ordinary course of business will not be less than the
 amount at which they are stated in the Balance Sheet.
 
 3.  Provision of clause 4-C (a), 4-C (b), 4-C(c) of part-II of the
 schedule VI of the Companies Act, 1956 regarding the licensed capacity
 and installed capacity are not applicable to the company.
 
 4.  Provisions of clause 4-D of part-II of the schedule VI of the
 Companies Act, 1956 regarding the value of imports, expenditure
 incurred in foreign currency, amount of remittance in foreign currency
 on account of dividends, export earnings etc, are not given as all
 information required in the clauses are NIL.
 
 5.  Confirmation of Balance of Debtors, Creditors, Loans & Advances are
 subject to confirmation in some cases.
 
 6.  Cash Flow Statement for the year ended on 31st March, 2012 is
 enclosed in the statement annexed to these accounts.
 
 7.  Figures have been rounded off to Rupees in Lakhs.
 
 8.  As per Government notification No. F.No. 2/06/2008 -C.L.-V dated
 30.03.2011, the Revised Schedule VI is applicable for the Balance Sheet
 and Profit & Loss Account to be prepared for the financial year
 commencing on or after April 1,2011.
 
 In View of the above, previous year figures have been regrouped &
 rearranged.
 
 NOTES FORMING PART OF THE ACCOUNTS
 
 NOTE - 9
 
 (a) SHARE CAPITAL
 
 (f) Terms/right attached to equity shares:
 
 The Company has only one class of equity shares having a par value of
 Rs.10 per share fully paid up. Each holder of equity share is entitled
 to one vote per share. In the event of liquidation of the Company, the
 holders of the equity shares will be entitled to receive sale proceeds
 from remaining assets of the Company after distribution of all
 preferential amounts. The distribution will be in proportion to the
 number of equity shares held by the shareholders.
 
 Note 10
 
 Other current Liabilities
 
 Details of Security
 
 (a) Equitable mortgage of Land and Building of M/s. SHARMA EAST INDIA
 HOSPITALS & MEDICALS RESEARCH LTD..(Hospital building) Situated at Lai
 Kothi, Jaipur.(Admeasuring 2126.75 SQ. Yards.)
 
 (b) EM of Plot No. 1, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 373.33 SQ. Yards.)
 
 (c) EM of Plot No. 2, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 404.44 SQ. Yards.)
 
 (d) EM of Plot No. 3, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 373.33 SQ. Yards.)
 
 (e) EM of Plot No. 4, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 373.33 SQ. Yards.)
 
 (f) EM of Plot No. 23, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 576.00 SQ. Yards.)
 
 (g) EM of Plot No. 26, Udai Nagar-B Gopalpura Bypass,Jaipur.(Admeasuring
 344.65 SQ. Yards.)
 
 (h) EM of Residential House situated at Plot No. B-103,Janpath, Shyam
 Nagar, Jaipur. (Admeasuring 500.00 SQ. Yards.) 
 
 (i) First Charge on all Block Assets of the Company (Present And
 Future),Plant & Machinery and all Current Assets of the Company (j)
 Collateral Security: Personal/Corporate Guarantee of Shri Ganpat Rai
 Sharma, Dr. Shailendra Kumar Sharma Directors of the Company and
 Smt.Maya Sharma and Smt. Madhulika Sharma.