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Notes to Accounts of Saamya Biotech (India) Ltd.

Mar 31, 2015

1. Contingent Liabilities:

Disputed demand in respect of TDS including interest thereon for an amount of Rs.20, 22,405/- for the AY. 2009-10 is pending before ITAT (Hyderabad).

2. The Company has not appointed Chief Financial Officer (CFO) and Company Secretary (Compliance Officer) in the financial year 2014-2015.

3. Dues to Micro & Small Enterprises:

There are no overdue principal amounts and interest thereon payable for the period of more than 45 days to Micro Enterprises and Small Enterprises, as at 31-03-2015.

4. Balances of Sundry debtors/creditors are subject to Confirmations.

5. Previous year's figures have been regrouped wherever necessary.

6. The figures have been rounded off to the nearest rupee.


Mar 31, 2014

1. CORPORATE INFORMATION

To avoid gestation period, Company initiated the marketing of drug intermediates and raw materials in domestic & international markets as supplementary means of rev- enue generation and to strengthen the marketing team. The Company has focused on its projects with revised plans.

2. Related Party & Related Party Transactions Disclosures: a. Related Parties:

Name of the Related Party Nature of Relationship

Dr. Y. Sonia Reddy Chairman & Joint Managing Director

Dr. Y. Manivardhan Reddy Managing Director

Dr. P. Naveen Chander Reddy Independent Director

Mr. P. Suresh Reddy Independent Director

Dr. C. Naveen Reddy Independent Director

3. During the Financial Year, the Company has made a sale of Land admeasuring 3.01 Acres for a consideration of Rs. 51,53,550.00 and the proceeds thereof has been utilized towards the Refund of Share Application Money.

4. Dues to Micro & Small Enterprises:

There are no overdue principle amounts and interest thereon payable to Micro Enter- prises and Small Enterprises, as at 31-03-2014.

5. Closing Balances of Debtors, Creditors, Loans and Advances are subject to confirma- tions.

6. Previous year''s figures have been regrouped wherever necessary.

7. The figures have been rounded off to the nearest rupee


Mar 31, 2013

1. Amount of delayed outstanding dues to Micro and Small Enterprise as per MSME Development Act, 2006, could not be ascertained at the end of the financial year.

2. No Confirmations were obtained from debtors / creditors as to the balances receivable from / payable to them as at year end.

3. Segment Reporting

The Company has started only trading division operations. So the total revenue related to trading division only and hence the Segment Reporting as required by AS – 17 is not applicable.

4. Previous year''s figures have been regrouped wherever necessary.

5. The figures have been rounded off to the nearest rupee


Mar 31, 2012

1. Share Capital:

The Equity Share Capital of the Company as on 31st March 2012 was Rs. 248,825,000/- divided into 24,882,500 Equity Shares of Rs. 10/- each fully paid up.

The Company had allotted 15,000,000 Share Warrants to promoter / Promoter group in the Board Meeting held on 27th February 2010. These Warrants are convertible into equal number of Equity Shares at a option of the warrant holder within 18 months from the date of the allotment. Out of the total warrants, Mr. Y. Manivardhan Reddy and Mrs. Y. Sonia reddy exercised the option to convert 1,790,000 Share Warrants into equal number of Equity Shares. Accordingly, the Board of the Company in its meeting held on 26th August 2011 allotted 1,790,000 Equity Shares at a price of Rs.10.50 (including premium of Rs.0.50) and pursuant to this allotment the Paid up Capital of the Company has increased by Rs.17,900,000 and Securities Premium of Rs. 895,000. The remaining Warrants were lapsed and the application money paid on those lapsed warrants of Rs.43,205,000 has forfeited and transferred to Capital Reserve.

2. There are no dues to SSI Units outstanding for more than 30 days.

3. No Confirmations were obtained from debtors / creditors as to the balances receivable from / payable to them as at year end.

4. Segment Reporting

The Company has started only trading division operations. So the total revenue related to trading division only and hence the Segment Reporting as required by AS - 17 is not disclosed here separately.

5. Additional information pursuant to provisions of part II of Schedule VI of the companies Act,1956.

6. Previous year's figures have been regrouped wherever necessary.

7. The figures have been rounded off to the nearest rupee


Mar 31, 2010

1. Share Capital:

The Equity Share Capital of the Company as on 31st March 2009 was Rs. 230,925,000/- divided into 230,92,500 Equity Shares of Rs. 10/- each fully paid up.

During the year:

The Company has accorded the approval from the shareholders through postal ballot, for issue of 1,50,00,000 Convertible Warrants to promoters / Promoter Group, convertible into equal number of equity shares of Rs. 10/- each, at the option of the Warrant holders within an aggregate time period of 18 months from the date of allotment of the Warrants. Company has sought the In-principle approval from Bombay Stock Exchange Limited for the same.

2. Particulars of Employees in accordance with sub-section (2A) of section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975.

3. There are no dues to SSI Units outstanding for more than 30 days.

4. Confirmations were obtained from debtors / creditors as to the balances receivable from / payable to them as at year end.

5. Deposits:

Include Rs. 15,00,000/- made to Bombay Stock Exchange Limited for ensuring compliance for all the listing requirements. This amount is refundable on compliance of the said requirements and after furnishing No Objection Certificates from the Securities & Exchange Board of India.

6. Secured Loans:

Company has taken the Vehicle / Equipment loans from the Banks / financial institutions which are secured against hypothecation of vehicles / equipments.

7.Deferred Tax:

As there is no timing difference of depreciation / loss, the provision for deferred income tax liability does not arise as per Accounting Standard 22 (As 22) issued by the ICAI, and hence differed income tax liability has not been provided.

8. Loan & Advances:

Includes advance for Capital Goods of Rs. 1665.00 lakhs and Land & Building of Rs. 183.95 lakhs.

9. During the year the company has started only marketing division operations. Hence the total revenue related to the marketing division.

10. Previous years figures have been regrouped wherever necessary.

11. The figures have been rounded off to the nearest rupee.

 
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