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Notes to Accounts of BDH Industries Ltd.

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

 
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