Mar 31, 2015
1 The financial statements have been prepared in accordance with the
Revised Schedule VI of the Companies Act 2013 to the extent applicable
and the necessary details have been disclosed in the said statement as
per Part I & II of the Schedule.
Fixed Assets: Fixed Assets up to 31st March 2006 are stated at Revalued
cost and Fixed Assets purchased after 1st April 2006 are stated at
Historical Cost inclusive of duties, Sales Tax, freight and
installation Cost. During the Current Financial year Land and
Buildings are again revalued.
Depreciation: Depreciation is provided as per Written Down Value method
at the rates specified in the Schedule - II of the Companies Act, 2013.
"Current Assets.
INVENTORIES:
1. Raw Materials are valued at cost on first in first out method.
2. Packing Materials are valued at cost on first in first out method.
3. Stock in process is valued at cost, including manufacturing
expenses.
4. Finished Goods are valued at cost of materials and process ."
Sundry Debtors: Sundry Debtors are taken at book value after Providing
for un-realisable.
Income & Expenditure: Accounted on accrual concept Revenue Recognition
: Sales includes Sales Tax and Excise Duty.
Segment Reporting:
The Company operates in a solitary business segment i.e.,
pharmaceuticals and Bulk Drugs, comprising mainly manufacture of
formulations and creams which as per Accounting Standard - AS17 is
considered as the only one reportable business segment. The company
also manufactures skin/face Creams and tooth paste both covered under
Drugs & Cosmetics Act, with valid Drug Licenses obtained and they are
also treated as same business segment. Accordingly, no further
financial information for business segment is required to be given.
2.5 The Company has only one class of equity shares having a par value
of Rs.10 per share. Each holder of equity shares is entitled to one
vote per share. In the event of liquidation of the Company the holders
of equity shares will be entiled to receive remaining assets of the
Company after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
Mar 31, 2014
1 The financial statements have been prepared in accordance with the
Revised Schedule VI of the Companies Act 1956 to the extent applicable
and the necessary details have been disclosed in the said statement as
per Part I & II of the Schedule.
Fixed Assets: Fixed Assets up to 31st March 2006 are stated at Revalued
cost and Fixed Assets purchased after 1st April 2006 are stated at
Historical Cost inclusive of duties, Sales Tax, freight and
installation Cost.
Depreciation: Depreciation is provided as per Written Down Value method
at the rates specified in the Schedule - XIV of the Companies Act, 1956
on Single Shift Basis on the values excluding Revaluation amount
Current Assets INVENTORIES:
1. Raw Materials are valued at cost on first in first out method.
2. Packing Materials are valued at cost on first in first out method.
3. Stock in process is valued at cost, including manufacturing
expenses.
4. Finished Goods are valued at cost of materials and process
Sundry Debtors:Sundry Debtors are taken at book value after Providing
for un-realisable.
Income & Expenditure: Accounted on accrual concept
Revenue Recognition : Sales includes Sales Tax and Excise Duty.
Segment Reporting:
The Company operates in a solitary business segment i.e.,
pharmaceuticals and Bulk Drugs, comprising mainly manufacture of
formulations and creams which as per Accounting Standard - AS17 is
considered as the only one reportable business segment. The company
also manufactures skin/face Creams and tooth paste both covered under
Drugs & Cosmetics Act, with valid Drug Licenses obtained and they are
also treated as same business segment. Accordingly, no further
financial information for business segment is required to be given.ses.
Mar 31, 2013
1 The financial statements have been prepared in accordance with the
Revised Schedule VI of the Companies Act 1956 to the extent applicable
and the necessary details have been disclosed in the said statement as
per Part I & II of the Schedule.
Fixed Assets:Fixed Assets up to 31st March 2006 are stated at Revalued
cost and Fixed Assets purchased after 1 st April 2006 are stated at
Historical Cost inclusive of duties, Sales Tax, freight and
installation Cost.
Depreciation:Depreciation is provided as per Written Down Value method
at the rates specified in the Schedule - XIV of the Companies Act, 1956
on Single Shift Basis on the values excluding Revaluation amount
Current Asset. INVENTORIES:
1. Raw Materials are valued at cost on first in first out method.
2. Packing Materials are valued at cost on first in first out method.
3. Stock in process is valued at cost, including manufacturing
expenses.
4. Finished Goods are valued at cost of materials and process .
Sundry Debtors.Sundry Debtors are taken at book value after Providing
for un-realisable.
Income & ExpenditurerAccounted on accrual concept
Revenue Recognition : Sales includes Sales Tax and Excise Duty.
The Company operates in a solitary business segment i.e.,
pharmaceuticals and Bulk Drugs, comprising mainly manufacture of
formulations and creams which as per Accounting Standard - AS17 is
considered as the only one reportable business segment. The company
also manufactures skin/face Creams and tooth paste both covered under
Drugs & Cosmetics Act, with valid Drug Licenses obtained and there are
also treated as same business segment. Accordingly, no further
financial information for business segment is required to be given.The
geographical Segmentation is not relevant, as there are no exports for
this year.
Mar 31, 2012
1. The Financial statements have been prepared in accordance with the
Revised Schedule VI of the Companies Act 1956 to the extent applicable
and the necessary details have been disclosed in the said statement as
per part I & II of the Schedule.
Fixed Assets: Fixed Assets up to 31st March 2006 are stated at Revalued
cost and Fixed Assets purchased after 1st April 2006 are stated at
Historical Cost Inclusive of duties, Sales Tax, freight and
installation Cost.
Depreciation: Depreciation is provided as per Written Down Value method
at the rates specified in the Schedule -XIV of the Companies Act, 1956
on Single Shift Basis on the values excluding Revaluation amount.
Current Assets INVENTORIES:
1. Raw Materials are valued at cost on first in first out method.
2. Packing Materials are valued at cost on first in first out method.
3. Stock in process is valued at cost, including manufacturing
expenses.
4. Finished Goods are valued at cost of materials and process.
5. Sundry Debtors are taken at book value after providing for
un-realisable.
Income & Expenditure Accounted on accrual concent
Revenue Recognition: Sales includes sales Tax and Excise Duty.
The Company operates in a Solitary business segment i.e., pharmaceuticals
and Bulk Drugs, corrprising mainly manufacture of formulations and
creams which as per Accounting Standard - AS 17 is considered as the
only one reportable business segment. The company also manufactures
skirt / Taco Creams and tooth paste both covered under Drugs &
Cosmetics Act, with valid Drug Licenses obtained and there are also
treated as same business segment. Accordingly no further financial
information for business segment as required to be given. The
geographical segmentation is not relevant, as there are no exports for
this year.
Mar 31, 2011
1 Basis of Accounting : Accounts are prepared under historical cost
Convention and on the assumption of going concern and on accrual basis.
2. Fixed Assets : Fixed Assets up to 31st March 2006 are stated at
Revalued cost and Fixed Assets purchased after 1st April 2006 are
stated at Historical Cost inclusive of duties, Sales Tax, freight and
installation Cost.
3. Depreciation : Depreciation is provided as per Written Down Value
method at the rates specified in the Schedule - XIV of the Companies
Act, 1956 on Single Shift Basis on the values excluding Revaluation
amount.
4. Current Assets : INVENTORIES:
1. Raw Materials are valued at cost on first in first out method.
2. Packing Materials are valued at cost on first in first out method.
3. Stock in process is valued at cost, including manufacturing
expenses.
4. Finished Goods are valued at cost of materials and process.
5. Sundry Debtors : Sundry Debtors are taken at book value after
Providing for un-realisable.
6. Retiring Benefits : Gratuity has been provided as per the payment
Of Gratuity Act for all the eligible employees upto 31st March,11.
No provision has been made for leave encashment as company's H.R.Policy
does not allow encashment
7. Income & Expenditure: Accounted on accrual concept.
8. Revenue Recognition: Sales and procesing fee include Excise Duty
and Sales Tax.
Mar 31, 2010
1 Basis of Accounting
Accounts are prepared under historical cost Convention and on the
assumption of going concern and on accrual basis.
2.Fixed Assets
Fixed Assets up to 31 st March 2006 are stated at Revalued cost and
Fixed Assets purchased after 15th April 2006 are stated at Historical
Cost inclusive of duties,Sales Tax,freight and installation Cost.
3.Depreciation
Depreciation is provided as per Written Down Value method at the rates
specified in the Schedule -XIV of the Companies Act,1956 on Single
Shift Basis on the value excluding Revaluation amount.
4.Current Assets
INVENTORIES:
1.Raw Materials are valued at cost on first in first out method.
2.Packing Materials are valued at cost on first in first out method.
3.Stock in process is valued at cost, including manufacturing expenses.
4.Finished Goods are valued at cost of material and process.
5.Sundry Debtors
Sundry Debtors are taken at book value after Providing for
un-realisable.
6.Retiring Benefits
Gratuity has been provided as per the payment of Gratuity Act for all
the eligible employees upto 31 st March,10. No provision has been made
for leave encashment as companys H.R.Policy does not allow encashment
7.Income &Expenditure
Accounted on accrual concept.
8.Revenue Recognition
Sales include Excise Duty and Sales Tax.