Dear MEMBERS,
The Directors have pleasure in presenting the Twenty Ninth Annual
Report together with the Audited accounts for the year ended 31st March
2014.
FINANCIAL RESULTS 2013-2014 2012-2013
(Rs.) (Rs.)
Operating Income 7,42,92,535 56,422,453
Profit before Interest &
Depreciation 5,013,600 17,76,694
Less: a) Interest 19,93,377 1,131,969
b)Depreciation 19,61,123 2,045,679
Net Profit / (Loss) before
Taxation 10,59,100 (1,400,954)
Provision for Income
Tax 7,63,000 0
Provision for Deferred
Tax (1,41,676) (270,91 5)
Net Profit / (Loss) after
Taxation 4,37,776 (1,130,039)
Add: Balance of Profit Brought
forward from previous years 13,34,112 (2,44,730)
Add: Excess/ (Short) Provision for
income Tax for Previous years 0 (40,657)
Balance carried to Balance
Sheet 8,96,336 1,334,1 12
OPERATIONS:
The operational income of the Company has increased from Rs.564.22 Lacs
to Rs.742.92 Lacs registering a growth of 31.67 % in the current year.
Income from scanning business has marginally increased from Rs. 0.92
Lacs to Rs. 1.10 Lacs during the year under review. The income from
trading and servicing has increased from Rs. 497.33 Lacs to Rs. 591.98
Lacs for the current year. While Distribution Commission has increased
from Rs. 60.75 Lacs to Rs. 140.27 Lacs for the current year. Overall
income has increased by Rs. 1 78.70 Lacs, during the year under review.
INCOME FROM NON DIAGNOSTIC BUSINESS:
The Overall income is increasing year after year. The company has
earned profit of Rs.4.38 Lacs after tax as Against the loss of
Rs. 11.30 Lac in Previous Year. The Directors are hopeful to achieve
further growth in the year 2014-15, as the company has undertaken new
projects/Tenders.
DIVIDEND:
Due to the past losses the Board expresses their inability to recommend
any dividend for the year 201 3- 2014.
LISTING:
Shares of your Company continue to be listed on Bombay Stock Exchange
Limited, Mumbai and the listing fee has been paid for the year 2014-201
5 in the month of May, 2014.
DIRECTORS:
Mr. Cirish Sareen & Mr. Ravi Kohli, Directors of the Company retire by
rotation and being eligible, offer themselves for reappointment.
The Board recommends to the shareholders the re-appointments of the
above-mentioned Directors.
THE DIRECTORS RESPONSIBILITY
Pursuant to the requirement under Section 134(5) of the Companies Act,
2013 with respect to Directors' Responsibility Statement, it is hereby
confirmed:
i) That in the preparation of the accounts for the financial year ended
31st March, 2014, the applicable accounting standards have been
followed along with proper explanation related to material departures;
ii) That the Directors have selected such accounting policies and
applied them consistently and made adjustments and estimates that are
reasonable and prudent so as to give a fair view of the State of
Affairs of the Company at the end of the Financial Year and of the
Profit and Loss of the Company for that period;
iii) That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 201 3 for safeguarding the Assets of
the Company and for preventing and detecting fraud and other
irregularities;
iv) That the Directors have prepared the accounts for the financial
year ended 31st March 2014 on a 'going concern' basis.
AUDITORS' REPORT AND RE-APPOINTMENT OF AUDITORS
The Auditors, M/s R. Nagpal Associates, Chartered Accountants, New
Delhi hold office till the conclusion of the ensuing Annual General
Meeting and are recommended for re-appointment. They have submitted a
certificate in accordance with the applicable provisions of the
companies Act 2013, confirming their eligibility and willingness for
re-appointment.
The observation of Auditors and Notes on Accounts are self-explanatory.
PARTICULARS OF EMPLOYEES
The Provisions of Section 21 7 (2A) of the Companies Act, 1956 read
with the Companies (Particulars of Employees) Rules, 1975 as amended by
Amendment Rules, 2011 do not apply, as none of the employees of the
Company was paid a salary of Rs. 5,00,000/- (Rupees Five lacs only) or
more per month, if employed for part of the year or Rs.60,00,000/-
(Rupees Sixty lacs only) per annum, if employed throughout the year.
FIXED DEPOSITS
The Company has not accepted any deposits under Section 73 of Companies
Act, 2013 during the financial year under review.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EARNINGS AND
OUTGO
The information pertaining to conservation of energy, technology
absorption, foreign exchange earnings and Outgo is given in the
Annexure forming part of this Report.
ACKNOWLEDGEMENT
Your Directors wish to place on record their appreciation for the
co-operation and assistance extended by the Bankers, the Medical
Professionals and the Staff.
For and on behalf of the Board of Directors
DR. GAUTAM SEHAL MR. RAVI KOHLI
MANAGING DIRECTOR DIRECTOR
PLACE-: NEW DELHI
DATE-: 30thMAY 2014.
|