| Dear Members,
The Directors have pleasure in presenting their Twenty Sixth Annual
Report and Audited Statement of Accounts for the financial year ended
31st March, 2014
(Rs. In Lakhs)
2013-14 2012-13
Total receipts/ Income 1250.37 937.82
Operating profit before
financial charges,
Depreciation & tax 184.82 170.82
Less : Financial charges 96.01 86.06
Depreciation 57.40 153.41 51.41 137.47
Net Profit (before tax) 31.41 33.35
Less : Provision for Tax 9.75 9.80
21.66 23.55
Less/Add : Deferred Tax
Liability (current year) ( )0.14 ( )1.75
Net Profit 21.80 21.80
Surplus B/F from previous Year 220.23 198.43
Surplus C/F to Balance Sheet 242.03 220.23
WORKING OPERATION
During the year under review, the hospital unit provided all medical
facilities with available high tech equipment and expertise of the
consulting specialists and other paramedical staff and maintained high
status in the line. Though there has been continued recessionary trend
in economy greatly affecting the hospital services, your company has
been able to serve comparatively better with all its high profile
experts and consultants which made it possible to achieve satisfactory
working results during the year under review. The company has been in
the forefront for varied specialized medical services and, except under
any unforeseen circumstances, some improved working results are
expected during the current year.
STOCKEXCHANGES
The equity shares of company are listed with Jaipur, Delhi and
Ahmedabad Stock Exchanges and annual listing fee for the current year
is being paid.
BIMAL ROY SONI, ANJU SONI, who retire by rotation at the ensuing annual
general meeting and being eligible, offer themselves for reappointment/
appointment. Your Board recommends their re-appointments for your
consideration, at the ensuing Annual General Meeting of the company.
SUDHA GARG, ASHOK PURI, RAJ KUMAR SONI, KAMLAKAR SHARMA, PRAVEEN KUMAR
SONI, PURSHOTAM DAS AGARWAL, SAIFY ARSIWALA removed due to non
attending continuously board meeting sine last one year.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to provisions of section 217 (2AA) of Companies Act, 1956,your
directors hereby state:
1. that in the preparation of the annual accounts for the financial
year ended 31st March 2014 the applicable accounting standards had been
followed along with proper explanation relating to material departure;
2. that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
3. that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956 for safeguarding the assets of
the company and for preventing and detecting fraud and other
irregularities;
4. that the directors had prepared the annual accounts on a going
concern basis.
AUDIT COMMITTEE
An Audit Committee comprising Dr. Anju Soni, Shri Surendra Kumar Kala
and Shri Sumer Chand Jain (Non-executive & independent), Members
existed. Powers & functions of Committee are as provided in Section
292A of the Companies Act, 1956 and clause 49 of Listing Agreement.
CORPORATE GOVERNANCE
A separate report on Corporate Governance of the company is annexed to
this report. A certificate from the auditors of the company regarding
compliance of corporate governance as stipulated under clause 49 of the
listing agreement is appended to the report on corporate governance.
Affirmation from Chairman cum Managing Director regarding compliance of
code of conduct has been given elsewhere in the Annual Report.
COMPLIANCE CERTIFICATE
A copy of Compliance Certificate obtained under provision of section
383 A(1). Proviso of Companies Act, 1956, is attached here to.
CHAIRMAN CUM MANAGING DIRECTOR & CHIEF FINANCIAL OFFICER CERTIFICATION
As required by Clause 49 of the Listing Agreement, the Chairman cum
Managing Director and Chief Accounts Officer Certification is provided
elsewhere in the Annual Report.
FIXED DEPOSIT
The company has not accepted any deposit from the public pursuant to
provisions of section 58A of the Companies Act, 1956.
AUDITORS
Notes to the account as referred to in the auditors report are self
explanatory and therefore do not call for any further comments or
explanation.
M/s Tambi Ashok & Associates, chartered accountants retire at the
ensuing Annual General Meeting and are eligible for their
reappointment. They have furnished a certificate to the effect their
proposed reappointment, if made, would be within the prescribed limit
under section 139 of the Companies Act, 2013.
PARTICULARS OF EMPLOYEES
None of the employees was covered under the provision of section 217
(2A) of the Companies Act 1956 read with the Companies (Particulars of
Employees) Rules, 1975 (as amended) and the said particulars are Nil.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION, ETC.
There is no unusual consumption of power, except for general lighting.
There is no imported technology involved, as medical experts drawn from
available sources in India are assisting in the hospital services being
provided.
Foreign exchange Earning & Out go 2013-14 2012-13
Earning: Nil Nil
Expenditure: Nil Nil
ACKNOWLEDGMENT
Your directors wish to sincerely thank the Punjab National Bank, SIDBI,
SBBJ, Bajaj Finance Ltd., Government Authorities, RBI, Financial
Institutions and other Government Agencies for their excellent support
and cooperation. The Directors also express their appreciation for the
dedicated and sincere services rendered by all Consultant Doctors,
officers and employees, which in turn enabled the company to win
confidence from larger segment of public.
For on the behalf of Board of Directors
Place: Jaipur Sd/-
Dated: 30.05.2014 (Dr. B.R. Soni)
Chairman & Managing Director
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