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Company Information

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ADS DIAGNOSTIC LTD.

17 April 2014 | 12:00

Industry >> Hospitals & Medical Services

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ISIN No BSE Code / NSE Code 523031 / ADSDIAG Book Value (Rs.) 27.19 Face Value 10.00
Bookclosure 30/09/2024 52Week High 11 EPS 8.44 P/E 1.34
Market Cap. 2.49 Cr. 52Week Low 11 P/BV / Div Yield (%) 0.42 / 0.00 Market Lot 100.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :2014-03 
1. Terms/rights/restrictions attached to equity shares:

The company has only one class of Equity Shares at par value of Rs 10 per share.

Each holder of equity shares is entitled to one vote per share and entitled for pro-rata dividend.

                                        Year ended     Year ended
                                        31.3.2014      31.3.2013
                                           Rs.           Rs
2. Contingent Liabilities & 
Commitments (to the extent not
provided for):
A. Claims against the Company / Disputed Liabilities not Acknowledged as Debts

  (a) Custom Authorities demand in
  respect of which the Company is in
  appeal                                4,000,000        4,000,000
  (Amount deposited under protest -
  Rs. 500000)

  (b) Directorate of Revenue show       5,601,507        5,601,507
  cause notice contested by the
  Company
                                         

  (c) Income Tax demand in respect
  of which the Income Tax Department
  is in appeal                          1,873,290        1,873,290

  (d) Income Tax demand for AY 
  2012-13                                 557,380             -

  (e) TDS Demands for various
  financial years                          69,700             -
B. Guarantees

   Performance Guarantee given by 
   the Bank on behalf of the Company
   to Third Parties                    31,768,104       14,504,410

   Margin Money against the above       8,791,004        4,875,000
3. Estimated amount of contracts, remaining to be executed on capital account (net of advances) - Nil (Previous Year - Nil)

4. In the opinion of Board of Directors the assets, other than fixed assets and non-current investments, have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

5. Segment Information for the year ended 31st March, 2014.

a. The Company is organized into two main business segments, namely:

1. Diagnostic Services - includes Scanning, Ultrasound and X-ray.

2. Trading and Other Activities- Includes Sale of Trading Goods, Servicing and Installation of Medical Equipments.

The segments have been identified and reported taking into account, the nature of products and services, the differing risks and returns, the organisation structure and internal financial reporting systems.

b. Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segments and are determined as part of the process of preparation of the financial statements. The Segment Revenues and Results do not include Interest Income, Interest Expenses and Provision for income Tax and Deferred Tax, and these have been grouped under the head "Unallocable".

c. Segment Assets exclude Miscellaneous Expenditure & Income Tax Assets. Segment Liabilities exclude Income Tax Liabilities.

6. Related Party Disclosures, as required in terms of Accounting Standard [AS] -18' are given below. Relationships (Related party relationships are as identified by the Company and relied upon by the Auditors)

A. Key Management Personnel:

i) Dr. Gautam Sehgal, Managing Director

ii) Dr. (Mrs.) Versha Sehgal, Director

iii) Dr. Vivek Sehgal, Director

iv) Mrs. Radhika Sehgal, Director

(Dr. Gautam Sehgal, Managing Director, is related to Dr. (Mrs.) Versha Sehgal, Director, Dr. Vivek Sehgal, Director and Mrs. Radhika Sehgal, Director)

B. Enterprises Over which Key Managerial Personnel are able to Exercise Signficant Influence:

i) Ved Med Software & Trading Private Limited

ii) Cardiovas Medical Private Limited

iii) Dr. A. D. Sehgal & Sons (HUF)

iv) A Small Gift Shop 7. As per Revised Accounting Standard 15 "Employee Benefits" the disclosure as defined in the Accounting Standard are enumerated below. The Company has classified the various benefits provided to the employees as under:

I. Defined Contribution Plan-Provident Fund:

During the year, the Company has recognized the Employer's Contribution to the Employees Provident Fund Organization amounting to Rs. 5,03,961 (Previous Year Rs. 3,43,120).

II. State Plans-Employer Contribution to Employees' Pension Scheme 1995:

During the year, the Company has recognized the Employer's Contribution to the Employees Pension Fund amounting to Rs. 50313 (Previous Year Rs. 46,526).

III. Defined Benefit Plans-Gratuity:

Gratuity Report under the revised Accounting Standard 15 for the year ended 31.3.2014 in respect of Trustees -ADS Diagnostic Ltd Employees Group Gratuity Scheme was done in respect of the aforesaid defined benefits using the following assumptions:

8. Previous year figures have been reworked/regrouped/rearranged wherever necessary to conform to those of current year.