Notes to Accounts of Biogen Pharmachem Industries Ltd.

Mar 31, 2024

Statement of significant accounting policies and other explanatory notes form part of the balance sheet and statement of profit and loss.

The Company has only one class of equity shares having a par value of Rs. 1/- per share. Each holder of equity shares is entitled to one vote per share.

The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting. In event of liquidation of the Company, the holders of equity shares would be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity shares held by the shareholders.

Basis of preparation

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under Section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. The financial statements have been prepared on an accrual basis and under the historical cost convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained below.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Differences between actual results and estimates are recognised in the period in which the results are known / materialised.

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Mar 31, 2016

Note: 1 Balances of Sundry Debtors, Creditors, Loans and Advances, Unsecured Loan are subject to confirmation and reconciliation.

Note: 2 In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 3 Segment Information: There are no reportable segments as per the contention of the management.

Note: 4 Basic and Diluted Earning per share (EPS) computed in accordance with Accounting Standard (AS) 20 "Earning Per Share"

Note: 5 previous years'' figures have been regrouped and recasted wherever necessary.

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Mar 31, 2015

1. Balances of Sundry Debtors, Creditors, Loans and Advances, Unsecured Loan are subject to confirmation and reconciliation.

2. In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. Segment Information: There are no reportable segments as per the contention of the management.

4. Previous years' figures have been regrouped and recasted wherever necessary.

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Mar 31, 2014

Note: 1 Balances of Sundry Debtors, Creditors, Loans and Advances, Unsecured Loan are subject to confirmation and reconciliation.

Note: 2 In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note :3 a) The computation of net profit for the purpose of calculation of director''s remuneration u/s 349 of the companies Act 1956 is not enumerated since no commission has been paid to any director.

Note: 4 Segment Information: There are no reportable segments as per the contention of the management.

Note: 5 previous years'' figures have been regrouped and recasted wherever necessary.

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Mar 31, 2013

Note :1 a) The computation of net profit for the purpose of calculation of director''s remuneration u/s 349 of the companies Act 1956 is not enumerated since no commission has been paid to any director.

Note: 2 Segment Information: There are no reportable segments as per the contention of the management.

Note: 3 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting Standard (AS) 20 "Earning Per Share"

Note: 4 previous years'' figures have been regrouped and recanted wherever necessary.

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Mar 31, 2010

1. Balances of Sundry Debtors, Creditors, Loans and Advances, Unsecured Loan are subject to confirmation and reconciliation.

2. In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. The company has given Loans & Advances of Rs 298,289,397/- to body corporate and invested 2,56,00,000/- in shares of other companies.

4. Related Party Transaction.

No related party transaction were carried out during the year

5. Segment Information:

There are no reportable segments as per the contention of the management.

6. Previous years figures have been regrouped and recasted wherever necessary.

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Mar 31, 2009

1. In view of the MAT provisions of Income Tax Act, 1961 the provision for taxation is not made.

2. tHE MAXIMUM AMOUNT DUE FROM THE dIRECTORS IS rS. nIL. lACS (Previous Year Rs. Nil Lacs.)

3. Contingent Liabilities not provided for Rs. Nil (Previous Year Nil)

4. Contract remaining to be executed on capital Account not provided for Rs. Nil (Previous Year Nil)

5. Quantitative Details

The company is trading in shares and commodities items and as they dealt in any shares and commodities items and transaction being numerous the same are not furnished.

6. Provision of clause 4D of part II of schedule VI of the companies Act, 1956, regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign currency on accounts of dividends etc, are not given as all information required in the Clauses are Nil. (Previous year Nil).

7. Balance of Sundry Debtors, Creditors, Loans & Advances and Current Liabilities and Classification under the above heads, in absence of any documentary support, given and aooeptcd as agreed by management, are subject to confirmation.

8. Wherever original supporting bills/vouchers are not available we have relied on the bills/vouchers duly authenticated by the Directors.

The company does not have any outstanding dilutive potential equity shares. Consequently, the basis and diluted earning per share of the company remain the same.

9. Previous years figures have been regrouped and rearranged wherever necessary.

10. Paisa is rounded off to nearest rupees.

11. The statement of Significant Accounting Policies and the Notes numbered 2 to 13 above form an integral part of the accounts for the year March, 2009.