Accounting Policies of Dhanvantri Jeevan Rekha Ltd. Company

Mar 31, 2024

Note: 2. Significant Accounting Policy

2.1 Basis of preparation of financial information

a) The accounts have been prepared in accordance with Indian Accounting Standards (“Ind AS") and disclosures thereon comply with the
requirements of IND-As, stipulations contained in Schedule-Ill (revised) as applicable under Section 133 of the Companies Act, 2013 read with
Rule 7 of the Companies (Accounts) Rules 2014, Companies (Indian Accounting Standards) Rules 2015 as amended form time to time, other
pronouncement of ICAI, provisions of the Companies Act and Rules and guidelines issued by SEBI as applicable.

b) The financial statements have been prepared on going concern basis in accordance with accounting principles generally accepted in India. The
presentation of financial statement is based on Ind AS Schedule III of the Companies Act, 2013.

c) The financial statements have been prepared under the historical cost convention on accrual basis.

2.2 Historical Cost Convention

The financial statements are prepared on accrual basis of accounting under historical cost convention in accordance with generally accepted
accounting principles in India and the relevant provisions of the Companies Act, 2013 including Indian Accounting Standards notified there under,
except for certain financial instruments which are measured at fair values at the end of each reporting period, as explained in the accounting
policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

i. Defined benefit plan-plan assets measured at fair value.

ii. Certain financial assets and liabilities.

2.3 Use of Estimates

The preparation of financial statements is in conformity with generally accepted accounting principles which require the management of the
Company to make judgements, estimates and assumptions that affect the reported amount of revenues, expenses, assets and liabilities and
disclosure of contingent liabilities at the end of the reporting period. Although these estimates are based upon the management’s best knowledge of
current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the
carrying amounts of assets or liabilities in future period. Appropriate changes in estimates are made as management becomes aware of changes in
circumstances surrounding the estimates.

2.4 Current versus non-current classification

The entity presents assets and liabilities in the balance sheet based on current/ non-current classification:

An asset is classified as current, when:

a) It is expected to be realised or intended to be sold or consumed in normal operating cycle, b) It is held primarily for the purpose of trading, c) It
is expected to be realised within twelve months after the reporting period, or d) It is cash or cash equivalent unless restricted from being
exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current.

A liability is classified as current, when:

a) It is expected to be settled in normal operating cycle, b) It is held primarily for the purpose of trading, c) It is due to be settled within twelve
months after the reporting period, or d) There is no unconditional right to defer the settlement of the liability for at least twelve months after the
reporting period. The entity classifies all other liabilities as non-current. Deferred tax assets and liabilities are always classified as noncurrent
assets and liabilities

2.5 Summary of Significant Accounting Policies

a) Valuation of Inventories

Consumables etc. are valued at lower of the cost or net realizable value applying the First in First out Method (FIFO).

b) Depreciation

Depreciation on Tangible fixed assets other than land is charged on straight line method so as to write off the cost/carrying amount of assets.
The useful life of assets as prescribed under Part C of Schedule II of the Companies Act 2013 and depreciation is charged on that are on the
following basis:

1. Depreciation on All Assets is charged at Straight Line Method basis in the manner as prescribed in Companies Act 2013 and rate as per
prescribed useful life

2. Intangible assets are amortized over a period of 5 year on a straight-line basis.

2.6 Recognition of Income & Expenses

All items of Incomes and expenses have been accounted for on accrual basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date
when such assets is ready for its intended use.

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant
uncertainties and in accordance with accounting standards applicable.

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Mar 31, 2015

Background of the Company

Dhanvantri Jeevan Rekha Ltd. is a company listed with U.P. Stock Exchange, Mumbai Stock Exchange and Delhi Stock Exchange providing diagnostic and therapeutic services in the field of Urology, Gastroenterology, Cardiology, Neurology, Internal Medicine and Radiology including Magnetic Resonance Imaging (MRI). it has extended its scope of diagnostic and hospital services by providing a fully operational Cath Lab, catering to higher end needs of the cardiac patients including Angiography, Angioplasty, Pacemaker Implantation, Valvuloplasty etc. In these financial statements, current year figures are from April 1, 2014 to March 31, 2015 (2014-2015). Previous year figures are from April 1, 2013 to March 31, 2014 (2013-2014). The functional and reporting currency of the Company is Indian Rupees.

2.1 General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to the Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

2.2 Valuation of Inventories

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First in First Out Method (FIFO).

2.3 Recognition of Income & Expenses All items of incomes and expenses have been accounted for on accrual basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets is ready for its intended use.

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance with accounting standards applicable.

Provisions

Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.

Retirement Benefits

Liability in respect of retirement benefits is provided and / or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund/ Family Pension Fund: are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(b) Gratuity: 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

8.1 Taxes on Income

Provision for current tax is made on the basis of estimated taxable income for current accounting year in accordance with the Income Tax Act, 1961, taking into account the regular tax liability of MAT. The tax liability is based on claims made in earlier years and expert opinion received.

The deferred tax for timing differences between book profit and tax profits is accounted for, using the tax rates and laws that have been substantively enacted as of the balances sheet date.

9.1 Fixed Assets

(a) Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price or cost of construction and any attributable cost of bringing the asset to its working condition for its intended use.

9.2 Depreciation

(a) Depreciation on assets is provided on straight line basis at the rates and in the manner as specified in Schedule li to the Companies Act, 2013.

(b) The Company's management has reviewed and changed useful life of assets (from their date of purchase) resulting in re-computation of depreciation and related deferred tax liabilities, where applicable.

(c) Depreciation on Fixed Assets added/disposed/off/ discarded during the year has been provided on a pro-rata basis.

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Mar 31, 2014

1.1 General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to the Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

2.2 Valuation of Inventories

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First in First Out Method (FIFO).

2.3 Recognition of Income & Expenses

All items of Incomes and expenses have been accounted for on accrual basis.

Borrowing Cost - Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets is ready for its intended use.

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition - The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance with accounting standards applicable.

Provisions - Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated..

Retirement Benefits - Liability in respect of retirement benefits is provided and/or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund/ Family Pension Fund: are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(b) Gratuity: 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

3.1 The Equity Shares of the Company, having par value of Rs. 10/- per share, rank parri passu in all respect including voting rights and entitlement of Dividends

6.1 Unsecured Loan has been taken from public @12% p.a., repayable in three years

8.1 Taxes on Income

Provision for current tax is made on the basis of estimated taxable income for current accounting year in accordance with the Income Tax Act, 1961, taking into account the regular tax liability of MAT. The tax liability is based on claims made in earlier years and expert opinion received.

The deferred tax for timing differences between book profit and tax profits is accounted for, using the tax rates and laws that have been substantively enacted as of the balances sheet date.

Deferred tax assets arising from timing differences are recognized to the extent there is reasonable certainty that these would be realized in future.

Deferred tax assets are recognized on unabsorbed losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profits.

9.1 Fixed Assets

(a) Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price or cost of construction and any attributable cost of bringing the asset to its working condition for its intended use.

9.2 Depreciation

(a) Depreciation on assets is provided on straight line basis at the rates and in the manner as specified in Schedule XIV to the Companies Act, 1956

(b) Depreciation on Fixed Assets added/disposed/off/ discarded during the year has been provided on a pro-rata basis.

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Mar 31, 2013

1.1 General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to the Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

1.2 Valuation of Inventories

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First in First Out Method iFIFO).

1.3 Recognition of Income & Expenses

All items of Incomes and expenses have been accounted for on accrual basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets is ready for its intended use. Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance with accounting standards applicable.

Provisions

Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.

Retirement Benefits

Liability in respect of retirement benefits is provided and / or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund/ Family Pension Fund: are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(b) Gratuity: 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

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Mar 31, 2012

1.1 General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to the Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

1.2 Valuation of Inventories

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First in First Out Method (FIFO).

1.3 Recognition of Income & Expenses

All items of Incomes and expenses have been accounted for on accrual basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of _ such asset up to the date when such assets is ready for its intended use. '

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance with accounting standards applicable.

Provisions

Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.

Retirement Benefits

Liability in respect of retirement benefits is provided and / or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund/ Family Pension Fund: are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(bj Gratuity: 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

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Mar 31, 2011

General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to The Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

Valuation of Inventories:

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First In First Out Method (FIFO)

Recognition of Income & Expenses

All items of incomes and expenses have been accounted for on accrual basis.

Fixed Assets

(a) Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price or cost of construction and any attributable cost of bringing the asset to its working condition for its intended use.

Depreciation

(a) Depreciation on assets are provided on straight line basis at the rates and in the manner as specified in Schedule XIV to The Companies Act, 1956.

(b) Depreciation on Fixed Assets added / disposed / off / discarded during the year has been provided on a pro-rata basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets are ready for its intended use.

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance with accounting standards applicable.

Provisions

Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.

Retirement Benefits

Liability in respect of retirement benefits is provided and / or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund / Family Pension Fund : are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(b) Gratuity : 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

Taxes on Income

Provision for current tax is made on the basis of estimated taxable income for current accounting year in accordance with the Income Tax Act, 1961.

The deferred tax for timing differences between book profit and tax profits is accounted for, using the tax rates and laws that have been substantively enacted as of the balance-sheet date.

Deferred tax assets arising from timing differences are recognized to the extent there is reasonable certainty that these would be realized in future.

Deferred tax assets are recognized on unabsorbed losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profits.

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Mar 31, 2010

General

(a) The Financial statement are prepared under the historical cost convention and as a going concern basis, in accordance with the Generally Accepted Accounting Principles (GAAP) prevalent in India and the Mandatory Accounting Standards issued by the Institute of Chartered Accountants of India and according to The Companies Act, 1956.

(b) Accounting policies that are not specifically referred are consistent and in consonance with generally accepted accounting policies.

Valuation of Inventories

(a) Consumables etc. are valued at lower of the cost or net realizable value applying the First in First Out Method (FIFO).

Recognition of Income & Expenses

All items of Incomes and expenses have been accounted for on accrual basis.

Fixed Assets

(a) Fixed Assets are stated at cost less accumulated depreciation. Cost comprises the purchase price or cost of construction and any attributable cost of bringing the asset to its working condition for its intended use.

Depreciation

(a) Depreciation on assets is provided on straight line basis at the rates and in the manner as specified in Schedule XIV to The Companies Act, 1956

(b) Depreciation on Fixed Assets added/disposed/off/ discarded during the year has been provided on a pro-rata basis.

Borrowing Cost

Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets is ready for its intended use.

Other borrowing costs are charged to the Profit & Loss Account.

Revenue Recognition

The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis except those with significant uncertainties and in accordance wth accounting standards applicable.

Provisions

Provisions are recognized in the accounts in respect of present probable obligations, the amount of which can be reliably estimated.

Retirement Benefits

Liability in respect of retirement benefits is provided and / or funded and charged to Profit & Loss Account as follows:

(a) Provident Fund/ Family Pension Fund: are charged to the Profit and Loss Account of the year when the contributions to the respective funds are accrued.

(b) Gratuity: 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.

(c) Leave Encashment: As determined on the basis of accumulated leave in the credit of employee as at the year end.

Taxes on Income

Provision for current tax is made on the basis of estimated taxable income for current accounting year in accordance with the Income Tax Act, 1961.

The deferred tax for timing differences between book profit and tax profits is accounted for, using the tax rates and laws that have been substantively enacted as of the balances sheet date.

Deferred tax assets arising from timing differences are recognized to the extent there is reasonable certainty that these would be realized in future.

Defferred tax assets are recognized on unabsorbed losses only if there is virtual certainty that such deferred tax assets carube realized against future taxable profits.