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 Â 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.