| 1) Discontinued Operation
The company has discontinued its operation since 24th of February 2009
and has sold its entire asset pursuant to sale agreement with TTK
Healthcare Limited in the FY 2009-10. The company has accumulated
losses of Rs.8,48,18,197/- which is more than 50% of its net worth, and
had incurred cash losses of Rs.8,51,757/- during the financial year
2014-15 (FY 2013-14 Rs.5,98,785/-). Hence, all the assets and
liabilities are adjusted to its net realisable value.
2) Loan to Directors
Short Term loans and advances includes as amount of Rs.70,47,151/- (
amount sanctioned during the year Rs.Nil) being outstanding of loans
given to one of the directors , without obtaining the prior approval of
Central Government as per Sec.295 of erstwhile Companies Act 1956.
3) Previous year figures have been regrouped and recast to confirm with
current year classification.
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