1. LONG-TERM BORROWINGS
The above liability of 15% Non-convertible Debentures, being unpaid
without proper and valid claims, is continuing under long term
borrowings. The said Debentures, as per the terms of issue are secured
by way of second charge over leased assets and assets under Hire
Purchase Agreements and book debts pertaining to such Lease and Hire
In respect of loans from companies there are no specific terms and
conditions as to repayment of the above Loans and Advances except that
the amounts are to be repaid in a phased manner depending upon the
resources available to the Company from time to time.
# Includes dues to related parties - Refer to Note No. 19.
2. Balances of Sundry Debtors, Sundry Creditors, Loans and Advances
payable or receivable are subject to confirmations to be obtained from
3. Extraordinary items : Nil (Previous year Rs. 15,84,000/-
represents the interest expenditure pertaining to earlier years against
a loan with a scheduled bank, which was settled under one time
4. Related Party Transactions:
a) There are no Loans and Advances in the nature of Loans to
Subsidiaries, Associates etc. as required to be disclosed under Clause
32 of listing agreement. The Company has an investment of Rs. 275.02
lacs in 2750220 Equity Shares of Rs. 10/- each in its Associate Company
M/s. Medinova Diagnostic Services Limited.
5. The company is engaged in the Business of Marketing/Trading of
Hospital Products. There are no other reportable segments.
6. The company has no dues to Micro, Small and Medium Enterprises
during the year ended 31st March, 2012 and 31st March, 2011.