| Note 1. Contingent liabilities and commitments (to the extent not
provided for)
Particular As at As at
31st March 31st March
2015 2014
Rs.in Lakh Rs.in Lakh
Contingent liabilities
(a) Guarantees 29.12 32.38
(b) Letter of Credit 1.99 23.31
(c) Claim not Acknowledge 143.75 143.75
by Company (refer note.1)
(d) Claim not Acknowledge 1,574.64 -
by Company - Custom Duty &
Penalty
(refer note.2)
Note:
1) No Provison has been made in books of Account as company is of the
opinion that there will not be any Liability. As company is confident
of winning both the cases inclusive of Rs. 128.50 of Bright Care
Diagnostic Centre and Rs. 15.25 of Dr.Jai Thakur.
2) The Company has received demand order from the Commissioner of
Customs of custom duty aggregating Rs. 787.32 lacs & penalty of Rs.
787.32 lacs for the year 2011-12, 2012-13 & 2013-14. The company is in
process to file an appeal against the said order.
The company is advised that the said demand is legally unsustainable
and hence the company does not expect any liability in the matter.
Note 2. Segment information
The Company is engaged only in one business segment viz. the business
of manufacturing and dealing in Photosensitised materials and other
products for Healthcare industry. Hence the the Segment wise
information as required by AS 17 is not applicable.
Note 3.
A) Consequent upon Amendment to Section 205A of the Companies Act 1956
and introduction of Section 205C by the Companies ( Amendment
Act)1999,the amount of dividend remaining unclaimed for a period of
seven years from the date of transfer to Unpaid dividend account in
respective years in respect of Accounting year 2007-08,2008-09,
2009- 10, 2010-11,2011-12 & 2012-13. subsequent dividend payment, shall
be transferred to the Investors Education and Protection Fund account.
B) Related Parties & Relatinship
a) Company and firm in which Directors and their relatives are
Directors or Partner
Choksi Brothers Pvt.Ltd.(CBPL),Medical Solution(India)Pvt.Ltd.,Unique
Imaging,S.S.Digitech Impex Pvt.Ltd., Photo Marketing Services & Hitech
Imaging Pvt.Ltd.
b) Directors of the company
Anil Choksi,Samir Choksi,Naimish Choksi,Gaurav Choksi"
c) Key Management personnel Tushar K.Choksi ,Sunil A.Choksi"
Note 4. As Schedule for previous year figure
The figures of the previous year have been regrouped / rearanged
wherever necessary. The Figure or the Previous years are given in
brackets.
The company has complied the above accounts based on the
revised/Modified Schedule III applicable for the accounting period
2014-2015.
The disclosure requirements are made in the notes to accounts or by way
of additional statements. The other disclosure as required by the
Companies Act are made in the notes to accounts.
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