Mar 31, 2018
1 GENERAL INFORMATION
BDH INDUSTRIES LIMITED is a public limited company, incorporated in 1990 under the Companies Act, 1956 having its registered office in Mumbai. The company is engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.
a) Terms and Rights attached to Equity Shares :
The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.
Notes
i) FBC / EBP / EBD is secured by Export Bills Sent for Collections / Purchased and Discounted.
ii) Letter of Credit is secured by goods purchased thereunder.
iii) Overdraft is secured by Book Debts of the company.
iv) Packing Credit and Cash Credit is secured by Hypothecation of Stock
Note No. 2 :
i) Disclosure as required by Ind AS 108 âSegment Reportingâ of the Companies (Indian Accounting Standards) Rules, 2015
Based on the âmanagement approachâ as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the Companyâs performance In accordance with Ind AS âOperating Segmentâ, the Company has only one reportable operating segment i.e. Pharmaceuticals.
ii) Disclosure in accordance with Ind AS - 19 âEmployee Benefitsâ, of the Companies (Indian Accounting Standards) Rules, 2015.
The company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The Company makes annual contributions to BDH Industries Limited Employeesâ Group Gratuity Cash Accumulation Scheme of LIC, a funded defined benefit plan for qualifying employees.
The following table summarizes the components of net benefit expense recognized in the Statement of Profit and Loss and the funded status and amounts recognized in the balance sheet.
iii) Disclosure as required by Ind AS 24 âRelated Partiesâ of the Companies (Indian Accounting Standards) Rules, 2015
a) Directors and Key Management Personnels
Ms. Jayashree Nair (Chairperson and Managing Director)
Mr. S.C.Kachhara (Joint Managing Director / CFO)
Ms. Karthika Nair (Non-Executive Director)
Mr. Bhagirath Singh (Independent Director)
Mr. A. V. Menon (Independent Director)
Dr. Dinesh Variar (Independent Director)
b) Relatives of Directors and Key Management Personnels
Name of Related Party Mr. G.L.Kachhara Mr. Ankit Kachhara
c) Others
Karthika Nair Smarak Samithi
vi) DIVIDEND
The Board of Directors at its meeting held on May 29, 2018 has recommended a dividend of Rs. 2.25 per equity share for the year ended March 31, 2018. The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.
v) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.
Signature to Note No.1 to 25 of financial statements.
Mar 31, 2016
1. Terms and Rights attached to Equity Shares :
The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.
For the year ended 31st March, 2016 the amount of dividend recommended as distribution to equity shareholders is Rs. 2.00 per share (Previous year - Rs. 1.40 per share plus Special Silver Jubilee Dividend Rs. 0.30 per share, total amounts to Rs. 1.70 per share ) as proposed dividend.
2. Disclosure as required by Accounting Standard - AS 17 âSegment Reportingâ issued by Institute of Chartered Accountants of India The entire operations of the Company relate only to one segment viz. pharmaceuticals. As such, there is no separate reportable segment under Accounting Standard - AS 17 on Segment Reporting.
3. Disclosure as required by Accounting Standard - AS 18 âRelated Partiesâ issued by Institute of Chartered Accountants of India
4. Key Management Personnelâs
Mrs. Jayashree Nair (Chairperson and Managing Director)
Mr. S.C.Kachhara (Executive Director / CFO)
Mrs. Karthika Nair (Non-Executive Director)
5. Relatives of Key Management Personnelâs Name of Related Party
Mr. G.L.Kachhara Mr. Ankit Kachhara
6. Others
Karthika Nair Smarak Samithi
7. Previous yearâs figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.
Mar 31, 2015
Not available
Mar 31, 2014
1 GENERAL INFORMATION
BDH INDUSTRIES LIMITED is a public limited company engaged in
manufacturing of therapeutic formulations covering wide range of
pharmaceuticals. Its shares are listed on the Bombay Stock Exchange.
The company caters to both domestic as well as international market.
i) Contingent liabilities not provided for : (Rs. in Lakhs)
2013-14 2012-13
i) Bank Guarantees 148.76 140.55
ii) Appeals filed in respect of disputed
demands by government authorities against
the company
- Income Tax 19.08 70.18
iii) Previous years figures have been regrouped / reclassified
wherever necessary to correspond with the current years classification
disclosure.
Mar 31, 2013
1 GENERAL INFORMATION
BDH INDUSTRIES LIMITED is a public limited company engaged in
manufacturing of therapeutic formulations covering wide range of
pharmaceuticals. Its shares are listed on the Bombay Stock Exchange.
The company caters to both domestic as well as international market.
i) Disclosure as required by Accounting Standard - AS 17 "Segment
Reporting" issued by Institute of Chartered Accountants of India
The entire operations of the Company relate only to one segment viz.
pharmaceuticals. As such, there is no separate reportable segment under
Accounting Standard - AS 17 on Segment Reporting.
ii) Disclosure as required by Accounting Standard - AS 18 "Related
Parties" issued by Institute of Chartered Accountants of India
a) Key Management Personnels Name of Related Party
Mrs. Jayashree Nair (Chairperson and Managing Director)
Mr. S.C.Kachhara (Executive Director)
Mrs. Karthika Nair (Non - Executive Director)
b) Relatives of Key Management Personnels Name of Related Party
Mr. G.L.Kachhara Mr. Ankit Kachhara
c) Others
Karthika Nair Smarak Samithi
iii) Contingent liabilities not provided for :
(Rs. in lakhs)
Particulars 2012-2013 2011-2012
i) Bank Guarantees 140.55 147.07
ii) Appeals filed in respect of
disputed demands by government
authorities against the company
- Income Tax 70.18 78.44
iv) Previous years figures have been regrouped / reclassified
wherever necessary to correspond with the current years classification
disclosure.
Mar 31, 2012
A) Terms and Rights attached to Equity Shares :
The company has one class of equity shares having a par value of Rs. 10
per share. Each shareholder is eligible for one vote per share held.
The dividend proposed by the Board of Directors is subject to the
approval of shareholders in the ensuing Annual General Meeting. In the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets after discharging all liabilities of the Company,
in proportion to their shareholding.
For the year ended 31st March, 2012 the amount of dividend recognized
as distribution to equity shareholders is Rs. 0.60 per share (Previous
year - Rs. 0.50 per share) as proposed dividend.
Notes :
i) FBC / EBP / EBD is secured by Export bills sent for collections /
purchased and discounted.
ii) Letter of Credit is secured by goods purchased thereunder.
iii) Overdraft is secured by book debts of the company.
iv) Packing Credit and Cash Credit is secured by hypothecation of
stock.
1 GENERAL INFORMATION
BDH INDUSTRIES LIMITED is a public limited company engaged in
manufacturing of therapeutic formulations covering wide range of
pharmaceuticals. Its shares are listed on the Bombay Stock Exchange.
The company caters to both domestic as well as international market.
i) Disclosure as required by Accounting Standard - AS 17 "Segment
Reporting" issued by Institute of Chartered Accountants of India
The entire operations of the Company relate only to one segment viz.
pharmaceuticals. As such, there is no separate reportable segment under
Accounting Standard - AS 17 on Segment Reporting.
ii) Disclosure as required by Accounting Standard - AS 18 "Related
Parties" issued by Institute of Chartered Accountants of India
a) Key Management Personnels Name of Related Party
Mrs. Jayashree Nair (Chairperson and Managing Director)
Mr. S.C.Kachhara (Executive Director)
Mrs. Karthika Nair (Non - Executive Director)
b) Relatives of Key Management Personnels
Name of Related Party
Mr. G.L.Kachhara
Mr. Ankit Kachhara
c) Others
Karthika Nair Smarak Samithi
iii) The Company has reclassified the published previous years figures
to conform to the norms of the Revised ScheduleVI. The adoption of
Revised Schedule VI does not impact recognition and measurement
principles followed for preparation of the financial statements.
However, it significantly impacts presentations and disclosures made in
the financial statements.
Mar 31, 2010
1. In respect ol the shed at Umbergaon, depreciation has not been
provided smce ihe shed was not put to use during the year under review
Depreciation pertaining to the revaluation of assets is credited back
to the Profit & Loss account
2. in the opinion ot the Board the Current Assets and Loans and
Advances are approximately of the value staled if realized in the
ordinary course of business. The provision for depreciation and known
liability is adequate and not in excess of the amount reasonably
necessary
3. The stipulated time for construction of factory building in respect
ol Leasehold Land at Waluj and Kudal has been expired However, the
management has applied to MlOC for extension
4. During the year the company has taken credit of Excise Duty of Rs
5952709 (Previous Year Rs. .5743658) on purchase of Raw Material and
Packing Material under the CENVAT Scheme
5. S.S.I. CREDITORS
Pursuant to the amendment to Schedule VI ol the Companies Act, 1956 In
March 1999 regarding disclosure ol amount due to creditors which are
Smal Scale Industries (SSIs), the company has initiated the process of
collecting the information from the creditors regarding their SSI
status, which is still in progress. therefore tne compilation ol
break-up ol the sundry creditors between the SSIs and the others could
not be made
6. CONTINGENT LIABILITIES NOT PROVIDED FOR
(Rs. in Lacs)
2009-10 2008-09
(a) Bank Guarantees 103.61 211.89
(b) Claims against the Company not
acknowledged as debt 10.00 10.00
(c) Appeals filed in respect of
disputed demands by government
authorities against the company:
-Income Tax 94.10 72.57
7. RELATED PARTIES DISCLOSURES
A) Key Management Personnels
Name of Related Party Nature of relationship
Mrs. Jayashree Nair Chairperson & Managing Director
Mr. S. C. Kachhara Executive Director
Mrs Karthlka Nair Director
B) Relatives of Key Management Personnels Name of Related Party Nature
ol relationship
Mr G L Kachhara Brother of Mr S C Kachhara
Mr Ankit Kachhara Son of Mr. S. C Kachhara
C) Others
Name of Related Party Nature of relationship
Karthfca Nar Smarak Same Mrs Jayashree Mar - Presldert, Mrs Karthika
Nair - Secretary
8. Debrt and Credit balances generated in normal course of business
of Debtors, Creditors and AchatKKS are subect to con&maiion and
reconciliation
9. The figures in brackets are in respect of previous year
10. The figures of previous year have been regrouped and/or rearranged
and/or restated wherever considered necessary
11. Additional information pursuant to the provision of part IV of
schedule Vi to the Companies Act 1956 Annexure -1