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Trimurthi Drugs & Pharmaceuticals Ltd. Notes to Accounts, Trimurthi Drugs & Pharmaceuticals Ltd. Company
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Notes to Accounts of Trimurthi Drugs & Pharmaceuticals Ltd.

Mar 31, 2015

1. Provisions, Contingent Liabilities' and Contingent Assets=

Provisions are recognized for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated,

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hen" ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

2. Taxes on Income :

Current Year Income Tax amounting to Rs. 16,21,820/- has been recognized as per the Tax rates applicable for the year. Deferred Tax [Asset) amounting to Rs. 3,37,490/- has been recognized due to the differences arising on account of Depreciation, Amortization of Expenses and Losses on Sale of Assets.

3. In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4. Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5. The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year,

6. Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7. Poises an rounded off to the nearest rupee.-


Mar 31, 2014

1 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon''ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

2 Taxes on Income:

Current Year Income Tax amounting to Rs. 21,46,076/- has been recognized as per the Tax rates applicable for the year. Deferred Tax (Asset) amounting to Rs. 2,10,457/-has been recognized due to the differences arising on account of Depreciation, Amortisation of Expenses and Losses on Sale of Assets.

3 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5 The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

6 Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7 Paises are rounded off to the nearest rupee.


Mar 31, 2013

1.1 Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard -18 issued by the Institute of Chartered Accountants of India, the company''s related parties with whom the company has entered into transactions during the year in the ordinary course of business, as certified by the Management are discussed below:

(a] The Management of the Company feels that the rent paid to above related parties was reasonable when compared to prevailing market prices in the similar areas.

(b) M/s TDPL Health Care India Limited is a C&F Agent of M/s Alpa Laboratories Limited, Indore which is not related to the Company. The price paid for purchase of medicines is reasonable when compared to prevailing market prices.

1.2 Earning Per Share:

Basic EPS before extraordinary items Rs. 0.55

Diluted EPS before extraordinary items Rs. 0.55

Note: In the segment reporting, common assets that are used interchangeable not allocated to the individual segments above.

1.3 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon''ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

1.4 Taxes on Income:

Current Year Income Tax amounting to Rs. 19,57,895/- has been recognized as per the Tax rates applicable for the year. DeferredTax (Net) amounting to Rs. 2,59,351/- has been recognized due to the differences arising on account of Depreciation, Amortisation of Expenses and Losses on Sale of Assets.

1.5 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

1.6 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

1.7 The Company has made payments to units covered under Micro, Small andMedium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

1.8 Previous year figures have been regrouped and rearranged wherever found necessary to be in confirmative with current year classification.

1.9 Paises are rounded off to the nearest rupee.


Mar 31, 2012

1.1 Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard -18 issued by the Institute of Chartered Accountants of India, the company's related parties with whom the company has entered into transactions during the year in the ordinary course of business, as certified by the Management are discussed below:

(a) The Management of the Company feels that the rent paid to above related parties was reasonable when compared to prevailing market prices in the similar areas.

(b) M/s TDPL Health Care India Limited is a C&F Agent of M/s Alpha Laboratories Limited, Indore which is not related to the Company. The price paid for purchase of medicines is reasonable when compared to prevailing market prices.

1.2 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon'ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

1.3 Unpaid Dividend of earlier years has not been incorporated in Books of accounts in the earlier years (FY 2008-09 and 2009-10) amounting to Rs.2,76,578/-, which is now incorporated in the current financial year. However, this has no effect on the profit and loss account for any of the respective financial years.

1.4 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

1.5 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

1.6 The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

1.7 Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

1.8 Paises are rounded off to the nearest rupee.


Mar 31, 2010

1. Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, the companys related parties with whom the Company has entered into transactions during the year in the ordinary course of business, as certified by the Management are3 disclosed below.

b) The Medicines Purchased from TDPL Health Care (India) Ltd.,M/s. TDPL Health Care (India) Ltd., is C&F Agent and the price paid for such medicines is reasonable when compared to prevailing market prices.

2. Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Honble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

Provision for Income Tax includes an amount of Rs.91,068/- (Rupees Ninety One Thousand and Sixty Eight Only) towards Interest U/s 234B & C of Income Tax Act, 1961.

3. In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4. Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5. The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

6. Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7. Paises are rounded off to the nearest rupee.

8. Schedules 1 to 10 form part an integral of this report.

 
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