You are here » Home » Companies » Company Overview » Core Healthcare Ltd

Core Healthcare Ltd.

BSE: 500091 Sector: Health care
NSE: COREPARENT ISIN Code: INE494A01017
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Core Healthcare Ltd. (COREPARENT) - Director Report

Company director report

CORE HEALTHCARE LIMITED ANNUAL REPORT 2006-2007 DIRECTOR'S REPORT Dear Members, We have pleasure in presenting the Annual General Meeting of the Company along with the audited statements of Accounts for the year ended 31st March, 2007. Financial Performance (Rs. in Lacs) Financial Results 2006-07 2005-06 Income from operations 5.86 5057.69 Financial Expenses 1.69 139.70 Depreciation 112.83 4330.18 Net Loss After Tax 983.71 6488.62 Operations Owing to the acquisition of the assets by ARCIL under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 and handing over the assets to other entities there was no business operation in respect of Company. Hon'ble High Court of Gujarat vide its order dated 1st March 2007 has sanctioned the scheme of de-merger under which the assets of Sachana Undertaking has been transferred to Nirma Limited and as mentioned earlier the assets of Pharma Division of Company located at Rajpur are in possession of ARCIL and it has appointed a healthcare company as custodian cum agent to take care of these assets. Dividend In view of the losses your Board is unable to recommend any dividend on equity shares. Deposits The company has not accepted any Deposits from the public within the meaning of Section 58 A of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975 during the year. In respect of deposits of earlier years company is in the process of settling the same. Directors At the ensuing Anneal General Meeting Mr. Biren R Shah retires by rotation and being eligible for offers himself for reappointment. During the year under review Mr. Vivek J Rawal was appointed as Additional Directors of the company and hold office till the conclusion of the annual general meeting. Directors Responsibility Statement Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956 , which requires company to give a Directors Responsibility Statement, your directors hereby confirm: That in preparation of annual accounts, the applicable accounting, standards had been followed along with proper explanation relating to material departure. That Company has selected Mercantile accounting policies and applied them consistently and made judgements 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 or loss of the company for that period. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for the safeguarding the assets of the company and for preventing and detecting fraud and other irregulations. That the directors had prepared the Annual accounts on a going concern basis for the year ending on 31st March, 2007. Auditors The Auditors M/s. Padam Chand Jain &. Associates, Chartered Accountants retire at the ensuing Annual General Meeting and offer themselves for reappointment. The Auditors have confirmed that if appointed their appointment would be within the limit stated in Section 224 of the Companies Act, 1956. Comment on Auditors' Report The Auditors' Report have mentioned that Company has not made provision 0of interest and that for sales tax liability. It has also pointed out. regarding non compliance of Accounting standard 28 regarding impairment of Assets and provisions for Contingent liabilities among others. As the Shareholders are aware that company had been going through difficult tune which resulted into certain lapses on compliance front. Now with High Court having sanctioned the scheme and the same being implemented most of the compliance have been effected to and Company do not expect any adverse remark thereof from now. Particulars of Employees and Others The Company does not have any employee receiving remuneration of Rs. 2,00,000/per month or Rs. 24,00,000/- per annum and therefore no particulars are required to be furnished under Section 217 (2A) of the Companies Act, 1956 Information on Energy Conservation, Technology Absorption and Foreign Exchange Earnings Particulars regarding conservation of energy, Technology up gradation, and Foreign Exchange Earnings and Outgo, pursuant to Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules 1988 are not applicable to the Company during the period under review as no operations were carried out during the year. Appreciation The company places on record its deep appreciation for all those who are associated with the company and have continued their support towards the growth and stability of the company. Place: Ahmedabad For and on behalf of the Date : 31st August. 2007 Board of Directors Sd/- BIREN SHAH CHAIRMAN

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard