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Notes to Accounts of Pharmaids Pharmaceuticals Ltd.

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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