23. Notes on Financial Statements:
I. Previous year's figures have been regrouped, rearranged and reclassified wherever necessary.
II. There is no claim against the company not acknowledged as debts.
III. In the opinion of the management there is no such events occurred after the date of balance sheet that needs discloser in these accounts.
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IV.
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Contingent Liabilities and Commitments
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FY 24-25
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FY 23-24
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A. Contingent liabilities and commitments*
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176.75
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176.75
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B. Claims against the Company not acknowledged as Debts **
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191.97
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191.97
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C. Estimated amount of contracts remaining to be executed on capital account and not provided for
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NIl
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NIL
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* Contingent liabilities include Letter of Credit.
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** The Company has received a demand notice from Maharashtra Pollution Control board and Tarapur Environment protection Society for Rs. 191.97 Lakhs towards the interim compensation for the damages to the environment. The Company has already deposited 30% of this amount i.e. Rs. 57.591 Lakhs under protest. The Company has also filed an appeal in Supreme Court against the demand and a stay order has already been granted.
V. The Income Tax Assessments of the Company have been completed up to Assessment year 2024-25.
VI. Earnings Per Share (EPS)
Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the Company by the weighted average number of Equity shares outstanding during the year.
Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company (after adjusting for interest on the convertible preference shares) by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.
XI. Segment Information:
The Company is into the business of Bulk Drugs predominantly in India which in the context of Indian Accounting Standards 108 - "Segment Information" represent single reportable business segment. The revenues, total expenses and net profit as per the statement of the profit and loss represents the revenue, total expenses and the net profit of the sole reportable segment.
XIII. Corporate Social Responsibility
As per Section 135 of the Companies Act, 2013 read with rules made thereunder and amendments thereof, the Company does not fall into the criteria specified in Section 135(1) during the immediately preceding financial year and hence not liable to make any contribution towards CSR activities for the financial year 2023-2024.
XIV. Other regulatory Information
i. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
ii. The Company does not have any transactions with companies struck off.
iii. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
iv. The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
v. The Company have not advanced or given loan or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
vi. The company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall:
a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
vii. The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Ac, 1961 (such as search or survey or any other relevant provisions of Income Tax Act, 1961).
viii. The Company has not been declared as Willful Defaulter by any Banks, Financial Institutions or Other lenders.
11) Current ratio has reduced due to reduction in inventory and cash and cash equivalents.
12) Debt - Equity ratio has increased due to borrowings taken for expansion project to increase the production capacity.
13) Debt service Coverage ratio has reduced, even though Profit after taxes before Interest & Depreciation has increased, due to increase in debt taken for expansion project to increase the production capacity.
14) Inventory Turnover ratio reduced due reduced purchase resulting in reduced cost of goods sold.
15) Trade receivables Turnover ratio reduced due to increase in trade receivables arising from delay in export receivable.
16) Trade payables Turnover ratio improved due to import payment terms.
17) Net Capital Turnover ratio decreased due to reduction in working capital.
18) Return on Equity reduced due to reduce in Profit after tax.
19) Net Profit ratio reduced due to reduce in Profit after tax.
20) Return on Capital employed reduced due to reduced in earnings after interest and taxes.
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