Provisions
Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.
Retirement Benefits
Defined Contribution Plans
The Company makes contributions towards provident fund and employee state insurance to a defined contribution retirement benefit plan for
qualifying employees. Under the plan, the Company is required to contribute a specified percentage of payroll cost to the retirement benefit plan to
fund the benefits.
The amount recognized as an expense towards contribution to Provident Fund and Employee State Insurance for the year aggregated to Rs.
10,29,552/- (previous year: Rs. 8,84,731/-)
Defined Benefit Plan
Gratuity: The Company operates post-employment defined benefit plan that provide gratuity. The gratuity plan entitles an employee, who has
rendered at least five years of continuous service, to receive one-half month's salary for each year of completed service at the time of
retirement/exit. The Company is paying gratuity to all its employees who are eligible and the same is computed in accordance with the Payment of
Gratuity Act, 1972. The Company is in process to get the Group Gratuity Scheme with the Life Insurance Corporation of India to cover the Liability
in respect of Gratuity to employees.
The Company's obligation in respect of the gratuity plan, which is a defined benefit plan, is provided for based on actuarial valuation carried out by
an independent actuary using the projected unit credit method. The Company recognizes actuarial gains and losses immediately in the statement
of profit and loss.
Note: 13.1
Trade receivables are unsecured and are derived from revenue earned from providing medical, healthcare and other ancillary services. Although the
Company is directly affected by the financial condition of its customer, management does not believe significant credit risks exist at the balance sheet
date. The Company does not require collateral or other securities to support its accounts receivable. Ageing of Trade Receivables Is attached with
the Financial Statements vide Annexure - II
Note: 24
Ratios as per the Schedule III requirement are given vide Annexure III
In terms of our report of even date For Notes forming part of the accounts: 1-24
For Anuj Goyal & Co. For and on behalf of Board of Directors
Chartered Accountants of Dhanvantri Jeevan Rekha Ltd.
(Anuj Goyal) (Shalini Sharma) (P.S. Kashyap)
Proprietor Din: 03530674 Din: 01664811
Firm Regn No. 004881C Managing Director Chairman
Membership No.073710
UDIN: 23073710BGXPQC7907
(Bikram Singh) (Ritika Bhandari)
Place: Meerut PAN: AHSPS4761P PAN: CPIPM9040M
Date: 21.05.2024 Chief Financial Officer Company Secretary
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