| 1. Balances of Sundry Debtors, Sundry Creditors, Loans and Advances
payable or receivable are subject to confirmations to be obtained from
the parties.
2. Related Party Transactions:
As required by Accounting Standard - AS 18 "Related Party Disclosures"
issued by the Institute of Chartered Accountants of India, details of
transactions and list of related parties with whom transactions have
taken place during the year are as follows:
During the year, the Company had entered into a Tripartite "Deed of
Assignment of Debt" with M/s. Medinova Diagnostic Services Limited
(MDSL) and M/s. Harvins Constructions Pvt. Ltd (HCPL) for assignment of
Debt as on 31.01.2014. Accordingly, Debts payable to M/s. MDSL have
been assigned to M/s. HCPL for an aggregate amount of Rs.12,35,38,622/-
upon execution of the said Deed of Assignment of Debt, the Call
Deposit, Advances and Accrued Interest payable to the related party
M/s. MDSL stands settled as on 31.01.2014.
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.
During the year, the Company had entered into a Share Purchase
Agreement (SPA) with M/s. Vijaya Diagnostic Centre Pvt. Ltd (Acquirer)
for sale of 27,50,220 equity shares held as investment in M/s. Medinova
Diagnostic Services Limited. The Sale/Transfer of the said equity
shares would be concluded in favour of the acquirer subject to
fulfillment of the 'Open Offer' requirements as mended under Regulation
3(1) and 4 of the SEBI (SAST) Regulations, 2011, by the Acquirer.
3. The company is engaged in the Business of Marketing/Trading of
Hospital Products. There are no other reportable segments.
4. The company has no dues to Micro, Small and Medium Enterprises as
at the Balance Sheet date.
5. Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the Current year's classification /
disclosure.
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