Contingent Liabilities:
Contingent liabilities are disclosed when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or non occurrence
of one or more uncertain future events not wholly within the control of the company or
a present obligation that arises from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable estimate of the amount cannot
be made, is termed as a contingent liability.
Leases
Leases in which a significant portion of the risks and rewards of ownership are retained by the
lessor are classified as operative leases. The company’s significant leasing arrangements
are in respect of operating leases of office premises. The leasing arrangements are for
a period ranging between one year to three years generally and are either renewable or
cancelable by mutual consent and on agreed terms. Payments made under operating
leases are charged in the Statement of Profit and Loss Account.
Segment Reporting
The accounting policies adopted for segment reporting are in conformity with the accounting
policies adopted for the Company. Revenue and expenses have been identified to segments
on the basis of their relationship to the operating activities of the segment.
Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares
outstanding during the period. Earnings considered in ascertaining the Company’s
earnings per share is the net profit for the period after applicable taxes for the period. The
weighted average value of equity shares considered for EPS is Rs.10/- per equity share.
NOTES RELATING TO BALANCE SHEET
PARTICULARS
-
SHARE CAPITAL
AUTHORISED :
12,00,00,000 (March 31, 2014 : 12,00,00,000) Equity
Shares of Rs.10/- each
Issued:
-
(March 31, 2014 : 7,94,36,47
Shares of Rs.10/- each fully paid up
Subscribed and Paidup:
-
(March 31, 2014 : 7,94,36,478) Equity
Shares of Rs.10/- each fully paid up
Total
|
AS ON
|
|
31.03.2015
(Rs)
|
31.03.2014
(Rs)
|
|
1,200,000,000
|
1,200,000,000
|
|
1,200,000,000
|
1,200,000,000
|
|
794,364,780
|
794,364,780
|
|
794,364,780
|
794,364,780
|
|
794,364,780
|
794,364,780
|
|
794,364,780
|
794,364,780
|
-
There are no shareholders hoding more than 5% shares in the Company.
-
Reconciliation of Number of Shares outstanding at the beginning and at the end of the year
|
Equity Shares:
|
As at March 31, 2015
|
As at March 31, 2014
|
|
|
No. of Shares
|
Amount
|
No. of Shares
|
Amount
|
|
Balance at the
beginning of the year
|
79,436,478
|
794,364,780
|
79,436,478
|
794,364,780
|
|
Add: Shares issued
during the year
|
-
|
-
|
-
|
-
|
|
Balance at the end
|
|
|
|
|
|
of the year
|
79,436,478
|
794,364,780
|
79,436,478
|
794,364,780
|
-
Rights attached to Shares
-
Equity Shares: The Company has one class of equity shares having a par value of
Rs.10/- per share. Each Shareholder is eligible for one vote per share held.Goodwill
During the previous year’s goodwill was considered under Miscellaneous expenditure not
written off, where as in the current year as per the revised schedule VI goodwill is grouped
under intangible assets. As per the decision of the Management, Goodwill is not being
written off.
-
Segment Reporting
The Company’s exclusive business is Medical Transcription, Training Software Development
and Consulting Services as such this is the only reportable segment as per Accounting
Standard - 17 on Segment Reporting issued by the Institute of Chartered Accountants
of India. As the Company consider whole of India as a-single geographical segment, the
disclosures related to secondary segments are not relevant for the Company.
-
Related Party Disclosures
Related Party Relationships have been identified by the Management and relied upon by
the Auditors
-
Associates: CAT Degree College
CAT Technology Inc
CAT Technology FZE
-
Relatives of Directors Mrs. Nisha Jaiswal
Mrs. Namrita Jaiswal
Mrs. Muneer osmani
-
Key Managerial Personnel Mr.Dhiraj Kumar Jaiswal - Managing Director
-
Related Party Relationships have been identified by the Management and relied
upon by the Auditors.
|
Name of the
Related Party
|
Relationship
|
Nature of
Trasnsaction
|
Total
Amount
during the Year
|
Outstanding
amount as on
31.03.2015
|
|
Dhiraj Kumar Jaiswal
|
Managing Director
|
Remuneration
|
12.00 lacs
|
19,28,066.00
|
-
Taxation
Current tax is reckoned based on the current year’s income and tax payable in
accordance with the prevailing tax laws.
In accordance with Accounting Standard 22 on Accounting for Taxes on Income, the
Company has computed Deferred Tax Asset amounting to Rs.8, 28,876/- on account
of timing difference in relation to depreciation as per books vis-a-vis Tax Laws.
-
Leases
Operating Lease: The Company has no Operating leases.
Finance Lease: The Company has no finance leases.
-
Dues to Micro and Small Enterprises
The information required to be disclosed under the Micro, Small and Medium
Enterprises Development Act, 2006 has been determined to the extent such parties
have been identified on the basis of information available with the company. There are
no over dues to parties on account of principal amount and / or interest and accordingly
no additional disclosures have been made.
-
Previous Year Figures
The financial statements for the year ended March 31, 2015 have been prepared as
per the applicable Schedule VI to the Companies Act, 1956.
For and on behalf of
For Suresh Gupta .Y & Co.,
Chartered Accountant
Firm Regn No: 009012S
Sd/-
Y.Suresh Gupta
Proprietor
Membership No.209738
Place: Hyderabad
Date: 30th May, 2015
For and on behalf of the Board
Sd/-
Dhiraj Kumar Jaiswal
Managing Director
Sd/-
Syed Mohiuddin Ahmed
Director
S d/-
Anurag Jaiswal
Chief Financial Officer
|
