Note No. 1.1 Terms attached to Equity Shares
The Company has only one class of equity shares referred to as equity shares having a par value of Rs. 10/- each. Each holder of Equity Share is entitled to one vote per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive the remaining assets of the company in proportion to the number of equity shares held.
Note No. 1.2 Terms attached to Preference Shares
The Company has only one class of preference shares referred to as Redeemable Non Convertible Non Cumulative Preference shares having a par value of Rs. 10/- each.
Preference shares issued by the Company shall be redeemable at any time in one or more tranches at the dicretion of the Company or share holder after allotment of shares but not later than 10 years from the date of allotment of the preference shares.
Dividend on Preference shares issued by the Company shall be 6% p.a. on face value which will remain fixed over the tenure of preference shares and shall have priority with respect to payment of dividend or repayment of capital over equity shares.
Note No. 1.7
All share are ranking pari-passu in all respects.
Note No. 1.8
The company does not have reserved any shares for issue under options and contracts/ commitments for the sale of shares/ disinvestment, including the terms and amounts.
Note No. 1.9
As the company does not have issued any securities convertible into equity/preference shares hence the details regarding Terms of any securities convertible into equity/preference shares issued (along with the earliest date of conversion in descending order starting from the farthest such date ) are not applicable. Note No. 1.10
The company has not forfeited any shares at any time.
Note No. 1.11
Disclosure pursuant to unpaid Call
Unpaid Calls Amount
By Directors NIL
By Officers NIL
Note No. 1.12
There is no Shares held by its holding company or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.
1) 9.40% Healtcare Equipments/Infra Loan A/c. No. 84007783 is repayable in 84 EMI of Rs. 441374/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
2) 11.80% Healtcare Equipments/Infra Loan A/c. No. 84145456 is repayable in 84 EMI of Rs. 560439/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
3) 11.05% Healtcare Equipments/Infra Loan A/c. No. 84702766 is repayable in 60 EMI of Rs. 402584/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
Note No. 4.1
As required by the Accounting Standard AS 22 Accounting for Taxes on Income issued by Institute of Chartered Accountants of India, the relevant details are as under.
i) The opening balance of DTL is Rs. 6686.84 and the balance amount Rs. 153.08 is created for the year ended 31-03-2024.
ii) During the year DTL of Rs. 053.08 is created due to originating of Timing difference between accounting and Tax Depreciation.
ii) Net deferred Tax liability as on 31-03-2024 works out to Rs. 6839.92
The DTL of Rs. 6839.92 comprises DTL of Rs. 6839.92 on account of difference between accounting and tax depreciation
Note No. 5.1
1) 9.40% Healtcare Equipments/Infra Loan A/c. No. 84007783 is repayable in 84 EMI of Rs. 441374/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
2) 11.80% Healtcare Equipments/Infra Loan A/c. No. 84145456 is repayable in 84 EMI of Rs. 560439/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
3) 11.05% Healtcare Equipments/Infra Loan A/c. No. 84702766 is repayable in 60 EMI of Rs. 402584/- with HDFC Bank is secured agaisnt hypothication of Fixed Deposit of Rs. 60,00,000/- with HDFC Bank,All the stock in trade both present and future consisiting of raw materials, finished goods, goods in process of manufacturing and any other goods, All the book debts, amounts outstanding, monies receivable, claims, bills, which are now due and owing or which may at any time, All the plant and machinery both present and future consisting of as mentioned in Deed of Hypothecation which is executed with the Bank by the Company. These all loans are also secured by personal gaurantee of the Directors of the Company.
4) Bolero Ambulance Loan of 9 % Rate of Interest from HDFC Bank is secured agaisnt hypothication of Bolero Ambulance of the Company which is repayable in 45 EMI of Rs. 16773/-
5) Ertiga Loan 8.70% rate of Interest with HDFC Bank is secured agaisnt hypothication of Ertiga Car of the Company which is repayble in 48 EMI of Rs. 26599/-.
6) Force Ambulance Loan at 9.85 % rate of Interest with HDFC Bank is secured agaisnt hypothication of Force Ambulance of the Company which repayable in 45 EMI of Rs. 27820/-.
Note: The Company has not accounted for interest provisions previous financial year as per MSMED Act, 2006 as the company has made payments to MSME Vendors within contractual period which is exceeding the contractual time-limit as per MSMED Act, 2006 and the amount payable to them are agreed between the company and the vendors considering the contractual creditperiod and hence, no interest is payable. However for financial year ended 31st March 2024 Company has provided Interest payable to ensure the compliance with the MSMED Act 2006.
1) 09.15% Book Overdraft A/c. No. 50200088059300 is repayable in on demand for the tenure of 60 months with annual renewal with HDFC Bank is secured agaisnt First and exclusive charge on the entire current assets including stocks and book debts, present and future, First and exclusive charge on entire immovable fixed assets of company including various medical equipment, CGTMSE guarantee, Personal Guarantee of Promoter Directors 1. Dr Pranav Thaker, 2. Dr. Narendra Tanwar and 3. Mr. Vimal Patel.
Note No.10.1
Maitreya Hospital Private Limited shares are not tradeable or listed therefore market value can not be deternined and therefore not reported herein.
Maitreya Lifeschience Private Limited. Shares are not tradeable or listed therefore market value can not be deternined and therefore not reported herein.
OHM MRI Private Limited. Shares are not tradeable or listed therefore market value can not be deternined and therefore not reported herein.
Maitreya Hospital Private Limited has not issued shares agaisnt the share application money and that are not tradeable or listed therefore market value can not be deternined and therefore not reported herein.
Tulip Health Check is partnership Firm and is tradeable or listed therefore market value can not be deternined and therefore not reported herein.
Fixed Deposit with HDFC Bank is under lien against the Loan for Equipment and Infrastructure loans taken from HDFC Bank Fixed Deposit with HDFC Bank reported above is Principal Amount of Fixed deposit and it also includes accrued interest on it up to 31.03.2024
In the Opinion of the Board of Directors Current Assets, Loans and Advances (including capital Advances) have a value on realisation in the ordinary course of business, at least equal to the amount which they are stated herein Balance Sheet.
Company is holding 377247.515 (Previous year 116767.873) unit of Axis Ultra Short Term Mutual Fund, NAV of the same as on 31.03.2024 is Rs. 13.5243 (Previous Year 13.0801) accordingly it market value as on 31.03.2024 is Rs. 5102.10 (Previous Year 1527.33)
Company is holding 207655.435 (Previous year 80623.197) unit of ICICI Prudential Ultra short Term Fund, NAV of the same as on 31.03.2024 is Rs. 25.3116 (Previous Year 24.4252) accordingly it market value as on 31.03.2024 is Rs. 5256.09
Fixed Deposit with HDFC Bank 50300383852597 is under lien against the Loan for Equipment and Infrastructure loans taken from HDFC Bank.
Fixed Deposit with HDFC Bank 50300426670211 is under lien against the Bank Guarantee issued by HDFC Bank to State Nodal Office of MA &
PMJAY Yojana.
Fixed Deposit with HDFC Bank 50300522850081 is under lien against the Bank Guarantee issued by HDFC Bank to Nodal Office of ESIC.
X. The estimates of rate of salary increase considered in the actuarial valuation takes into account inflation, seniority, promotion and all other relevant factors including supply and demand in the employment market.
XI. The company operates an Funded gratuity plan wherein employees are entitled to the benefit as per scheme of the company for each completed year of service. The same is payable on retirement or termination whichever is earlier. The benefit vests only after five years of continuous service.
31.08 Taxation:
Company has followed accounting standard AS 22 for determination of tax expense in the accounts. Tax provision for current tax is made for income tax, based on the tax liability computed, after considering tax allowances and exemptions. For defer tax the relevant information is stated at note no. 5 to balance sheet.
31.10 SEGMENT REPORTING:
In view of the Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India the disclosures in respect of segment information for the year ended 31st March 2024 is not applicable to the Company as the Company does not deal in varied products / services and hence not exposed to different risks and returns. Further the Company operates in only one geographical area and does not having any branches or any other outlets and hence not exposed to different risks and returns of geographical segmentation.
31.11 As certified by the management, no transactions has been entered in to by the Company during the year ended 31.03.2024 with any stuck off companies u/s. 248 of the Companies Act, 2013 or u/s. 560 of the Companies Act, 1956.
31.12 All the charges which are subject to register with the Ministry of Corporate Affairs has been duly registered. Bank Guaratnee for MAYOJANA of Rs. 1000 (Thousands), Bank Guarantee for ESIC of Rs. 500 (Thousands) agaisnt fixed deposit for which charge to be created on Fixed Deposits with ROC Ahmedabad with thirty days of sanctioned, is inadvetently missed and not registered with ROC,Ahemedabad. The charges which are needs to be satisfied has also been duly field with MCA wherever applicable.
31.13 During the period under consideration , the Company has required to comply with the provisions of section 135 (Corporate Social Responsibility) of the Companies Act, 2013 and Company has applied the required amount of CSR limits as prescribed us/. 135(1) of the Companies Act, 2013.
31.14 The Company has not sanctioned working capital limit in excess of Rs. 5 Crore by Bank/ Financial Institution on the basis of security of current assets and therefore no disclosure is applicable.
31.15 The Company has complied with clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
31.16 The Company has made Loan and advances in the nature of loans to promoters, directors, KMPs and the related parties in the during the year to the tune of Rs. 23730 , which is reported under related party transaction as per AS 18.
31.17 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
31.18 The Group is not declared a wilfull defaulter by any Bank or Financial institution or any other lender.
31.19 During the year no Scheme of Arrangement has been formulated by the Group/pending with competent authority.
31.2 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
31.21 The Company has not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year.
31.22 The Company has not traded or invested in Crypto Currency or Virtual Currency during the half year ended.
31.23 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business, except for which provision has been made in the accounts. The Company has requested account confirmation from Debotrs and Creditors as at the end of the year but till date there is no such confirmation have been received from the Debtors and Creditors, therefore what ever balance outstanding is subject to confirmation as well as reconciliation.
31.24 In the opinion of The Board of Directors, there were no contingent liabilities on the date of Balance Sheet, except as mentioned in below table regarding legal consumenr court cases against the Company.
31.25 The provision for depreciation and for all the known liabilities are adequate and not in excess of the amount reasonably necessary. However there is pending court litigation against the Company in the Consumer Court as per as per above table, all these case filed by patients against various insurance companies in which company is co-accuse. As per previous experiences Company Management are opinion that there will not be any liability on the Company and therefore no provisions for the same has been made in the books of accounts during the year.
31.26 All the balances of parties' accounts are subject to confirmation.
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