Mar 31, 2016
1. In the opinion of the management, the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated, unless specifically mentioned otherwise and provisions for all known liabilities have been made.
2. Sundry Debtors, sundry creditors, other liabilities, loans and advances, advances from customers etc., are subject to confirmation.
3. The figures are rounded to the nearest rupee and previous year''s figures have been re-arranged/re-grouped wherever necessary to confirm to the current year''s classification.
4. Information pursuant to the provisions of part IV of Schedule of the Companies Act, 1956. Balance Sheet Abstract and Company''s General Business Profile:
Mar 31, 2015
Security Details
1. Term Loan from Bank is Secured by equitable mortagage of land and
buildings of Bio Pharma unit situated at PLOT No.7 Phase II Alexandria
Knowledge park KOLTHOOR (vill) SHAMIRPET (M) R.R.(Dist). The same is
further secured by second charge on the floriculture assets of the
company situated at 1/102, satyamangalam village, Hosur Tq.,
Krishnagiri Dist., Tamil Nadu and personal guarantee from promoter
directors. The Loan is repayble quaterly over a period of 5 years with
an intial morotorium of 18 months. The Loan carried interest @17.50
p.a. presently.
2. PARTICULARS 31.03.2015 31.03.2014
a) Capital Commitments Nil Nil
Estimated amount of contracts remaining to be
Executed on Capital Account and not provided
for (net of advances)
b) ContingentLiabilitiesnotprovidedfor Nil Nil
3 . Dues to micro & small-scale industrial undertakings: As at
March 31, 2015 as per available information with the company, there are
no dues to small scale industrial undertakings.
4. Related Party Disclosure
Disclosures as required by the Accounting Standard 18 "Related Party
Disclosure" are given below;
Key Management Personnel
Pochiraju Sudhakar Managing Director
5.In the opinion of the management, the current assets, loans
and advances have a value on realization in the ordinary course of
business at least equal to the amount at which they are stated, unless
specifically mentioned otherwise and provisions for all known
liabilities have been made.
6.Interest on term loan and cash credit loan provided based on
interest rates specified in sanction letter. The actual amount interest
on these accounts are not available as non payment of instalment
amounts of term loan and interest on cash credit accounts, the bank has
classified both the term loan and cash credit as NPA accounts and
interest not levied by the bank on these loans.
7.Sundry Debtors, sundry creditors, other liabilities, loans and
advances, advances from customers etc., are subject to confirmation.
8.The figures are rounded to the nearest rupee and previous
year's figures have been re-arranged/re-grouped wherever necessary to
confirm to the current year's classification.
Mar 31, 2014
1. a) The company has only one class of equity shares having a face
value of Rs.10/- each. Each shareholder is eligible for one vote per
share held.
2. Security Details
* Term Loan from Bank is Secured by equitable mortgage of land and
buildings of Bio Pharma unit situated at PLOT No.7 Phase II Alexandria
Knowledge park KOLTHUR (Vill) SHAMEERPET (M) R.R.(Dist). The same is
further secured by first charge on the floriculture assets of the
company situated at 1/102, Satyamangalam village, HosurTq., Krishnagiri
Dist., Tamil Nadu and personal guarantee from promoter directors. The
Loan is repayable quarterly over a period of 5 years with an initial
moratorium of 18 months. The Loan carried interest @17.50 p.a.
presently.
3. a) In the opinion of the management, the current assets, loans and
advances have a value on realisation in the ordinary course of business
at least equal to the amount at which they are stated, unless
specifically mentioned otherwise and provisions for all known
liabilities have been made.
b) Sundry Debtors, sundry creditors, other liabilities, loans and
advances, advances from customers etc., are subject to confirmation.
c) The figures are rounded to the nearest rupee and previous year''s
figures have been re-arranged/re-grouped wherever necessary to confirm
to the current year''s classification.
Mar 31, 2013
PARTICULARS 31.03.2013 31.03.2012
a) Capital Commitments
Estimated amount of contracts
remaining to be Nil Nil
Executed on Capital Account and not
provided for (net of advances)
b) Contingent Liabilities not provided for Nil Nil
c) DUES TO SSI:
There are no dues to SSI units in respect of sundry creditors as
required to be disclosed in accordance with section 211 read with part
1 of schedule VI of the Companies Act, 1956.
d) Managing Director Remuneration Rs.31,50,000 Rs.31,50,000
e) In the opinion of the management, the current assets, loans and
advances have a value on realisation in the ordinary course of business
at least equal to the amount at which they are stated, unless
specifically mentioned otherwise and provisions for all known
liabilities have been made.
f) Sundry Debtors, sundry creditors, other liabilities, loans and
advances, advances from customers etc., are subject to confirmation.
g) The figures are rounded to the nearest rupee and previous year`s
figures have been re- arranged/re-grouped wherever necessary to confirm
to the current year`s classification.
h) Information pursuant to the provisions of part IV of Schedule of the
Companies Act, 1956. Balance Sheet Abstract and Compans General
Business Profile:
Mar 31, 2012
Security Details
*1. Term Loan from Bank is Secured by equitable mortagage of land and
buildings of Bio Pharma unit situated at PLOT No.7 Phase II Alexandria
Knowledge park KOLTHOOR (vill) SHAMIRPET (M) R.R.(Dist). The same is
further secured by second charge on the floriculture assets of the
company situated at 1/102, satyamangalam village, Hosur Tq.,
Krishnagiri Dist., Tamil Nadu and personal guarantee from promoter
directors. The Loan is repayble quaterly over a period of 5 years with
an intial morotorium of 18 months. The Loan carried interest @17.50
p.a. presently.
*2 Research and Development Expenditure of Rs. 2,35,99,902 consists of
R & D Revenue expenditure of Rs. 100.21 Lakhs during the financial year
2010-11 and Rs. 135.79 lakhs during the firnancial year 2011-12 spent
on product development of Bio-pharma Division and eligible under
Section 35(2)(b) of Income Tax Act 1961 shown separately.
*3 The R & D Expendidture of Rs. 8,09,37,582 consists of capital
equipment procured for R & D and is net of Rs. 50.00 Lakhs received
from DSIR as grant to wards approved project for development of liquid
rebies vaccine.
Contingent Liabilities
All known liabilities, wherever material.
PARTICULARS 31.03.2012 31.03.2011
a) Capital Commitments
Estimated amount of contracts remaining
to be Executed on Capital Account and
not provided for (net of advances) Nil Nil
b) Contingent Liabilities not
provided for Nil Nil
c) DUES TO SSI:
There are no dues to SSI units
in respect of sundry creditors
as required to be disclosed in
accordance with section
211 read with part 1 of
schedule VI of the
Companies Act, 1956.
d) Managing Director Remuneration Rs.63,00,000 3150000
The term loan facilities with Oriental Bank of Commerce are secured by
first charge on the Immovable properties, and Movable properties of the
company and also by the personal Guarantee of the promoter directors
Sri P Sudhakar, Smt. P Sailaja and Smt. P B T Sundari. The term loan
from Punjab National Bank is secured by first chare in the assets of
the biopharma unit and second charge on the assets of the floriculture
unit and personal guarantees of Sri. P,Sudhakar and Smt. P.Sailaja.
1) In the opinion of the management, the current assets, loans and
advances have a value on realiszation in the ordinary course of
business at least equal to the amount at which they are stated, unless
specifically mentioned otherwise and provisions for all known
liabilities have been made.
2) Sundry Debtors, sundry creditors, other liabilities, loans and
advances, advances from customers etc., are subject to confirmation.
3) The figures are rounded to the nearest rupee and previous year's
figures have been re-arranged/re-grouped wherever necessary to confirm
to the current year's classification.
4) Information pursuant to the provisions of part IV of Schedule of
the Companies Act, 1956. Balance Sheet Abstract and Company's
General Business Profile:
Mar 31, 2010
PARTICULARS 31.03.2010 31.03.2009
a) Capital Commitments
Estimated amount of contracts
remaining to be Executed on
Capital Account and not provided for
(net of advances) Nil Nil
b) Contingent Liabilities not
provided for Nil Nil
c) DUES TO SSI:
There are no dues to SSI units in respect of sundry creditors as
required to be disclosed in accordance with section 211 read with part
1 of schedule VI of the Companies Act, 1956.
2) The term loan facilities with Oriental Bank of commerce are secured
by first charge on the Immovable properties, and Movable properties of
the company and also by the personal Guarantees of the promoter
directors, Sri. P. Sudhakar, Smt. P. Sailaja, and Smt. P.B.T. Sundari.
3) In the opinion of the management, the current assets, loans and
advances have a value on realisation in the ordinary course of business
at least equal to the amount at which they are stated, unless
specifically mentioned otherwise and provisions for all known
liabilities have been made.
4) Sundry Debtors, sundry creditors, other liabilities, loans and
advances, advances from customers etc., are subject to confirmation.
5) The figures are rounded to the nearest rupee and previous years
figures have been re-arranged/ re-grouped wherever necessary to conform
to the current years classification.