Mar 31, 2012
1.1 Balance of sundry Debtors' Sundry Creditors' Unsecured Loans and
Advances are subject to confirmation/reconciliation.
1.2 The Company has entered into One time settlement with Central Bank
of India for Rs. 75 Lakhs payable in instalments. The last instalment
is due in the financial year 2012-13. Keeping in view the one time
settlement' company has accounted for interest.
1.3 The company has not received intimation from the vendors regarding
their status under Micro' Small and Medium Enterprises Development Act'
2006 and hence disclosure relating to their outstanding amount and
interest has not been made.
1.4 The Company's operation mainly consist of only one segment i.e.
Drug formulations and therefore the figures relate to that segment
only.
1.5 Related party disclosures (as indented by the management) as per
accounting standard -18 are given below:
1.6. In Accordance with the Accounting Standard (AS-28) on
"Impairment of Assets" the management during the year carried out
exercise of identifying the assets that may have been impaired in
respect of each cash generating unit. On the basis of this review
carried out by the management there was no impairment loss on the Fixed
assets during the year ended 31st March 2012.
Mar 31, 2010
1. Balance of Sundry Debtors, Sundry Creditors, Unsecured Loans and
Advances are subject to confirmation/reconciHation.
2. Interest on Term Loan and cash credit account with CB1 is not
provided. In view of the pending court proceedings for non acceptance
of one time settlement application of the company by the bank.
3, The company has not received intimation from the venders regarding
their status under Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosure relating to their outstanding amount and
interest has not been made.
4,The Companys operations mainly consists of only one segment i.e.,
Drug formulations and therefore the figures relates to the segment.
Mar 31, 2009
1. Balance of Sundry Debtors, Sundry Creditors, Unsecured Loans and
Advances are subject to confirmation / reconciliation.
2. Interest on Term Loan and cast credit account with CBI is not
provided. In view of the pending court proceedings for non ascendent at
one time settlement application of the company by the bank.
3. The company has not received intimation from the vendors regarding
their status under Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosure relating to their outstanding amount and
interest has not been made.
4. The Companys operations mainly consists of only one segment ie.,
Drug formulations and therefore the figure relates to the segment.
5. The previous figures have been regrouped/rearranged wherever
considered necessary
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