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PREET REMEDIES PRIVATE LIMITED
ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED
31.03.2013
REGISTERED OFFICE: 655, INDUSTRIAL AREA, PHASE-II, CHANDIGARH
PREET REMEDIES PRIVATE LIMITED REGISTERED OFFICE: 655, INDUSTRIAL AREA, PHASE-II, CHANDIGARH
=============================== NOTICE
Notice is hereby given that the Annual General Meeting of the members of the company will be held on Monday, the 30th day of September, 2013 at the Registered Office of the Company at 4.00 P.M. to transact the following Business: Ordinary Business: 1) To receive, consider and adopt the Audited Balance Sheet as on 31st March 2013 and the
Profit & Loss Account for the year ended on that date together with the reports of the Directors and the Auditors thereon.
2) To re-appoint M/s Shiv K Gupta & Associates, Chartered Accountants (FRN –
006946N), as Statutory Auditors of the Company- who hold office till the conclusion of this Annual General Meeting and being eligible, offer their services for re-appointment.
For and on behalf of the Board of Directors PREET REMEDIES PRIVATE LIMITED
Sd/- Sd/- (Harpreet Singh Kalra) (Sanjeev Kumar)
DIRECTOR DIRECTOR Date: 28-08-2013 Place: CHANDIGARH Notes: 1) A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend
and vote instead of himself and the proxy need not be member of the Company. Proxies in order to be effective must be deposited with the Company’s Registered Office atleast 48 hours before the Meeting.
2) The relevant records/ registers of the Company will remain open for inspection of members as per the provisions of the Companies Act, 1956 and can be inspected at the Registered Office.
For and on behalf of the Board of Directors PREET REMEDIES PRIVATE LIMITED
Sd/- Sd/- (Harpreet Singh Kalra) (Sanjeev Kumar)
DIRECTOR DIRECTOR Date: 28-08-2013 Place: CHANDIGARH
PREET REMEDIES PRIVATE LIMITED
REGISTERED OFFICE: 655, INDUSTRIAL AREA, PHASE-II, CHANDIGARH ===============================
DIRECTORS' REPORT To the Members
Your Directors have pleasure in presenting the Annual Report together with the audited accounts of the Company for the year ending 31st March 2013.
Financial Results PARTICULARS 315T MARCH 2013 315T MARCH 2012
Amount (in Rs.) Amount (in Rs.)
Income 400,404,732.23 382,438,335 .00
Expenditure 396,690,722.34 379,941,179.00
Net Profit before Income Tax 3,714,009.89 2,497,156.00
Provision for Income Tax including deferred tax 1,676,147.00 303,759.00
NET PROFIT FOR THE YEAR
2,037,862.89 2,193,397.00
Employees: During the year covered by the Balance Sheet, the Company did not have any employee drawing remuneration in excess of the minimum sum specified in the Section 217(2A) of the Companies Act, 1956. Director’s Responsibility Statement Pursuant to the provisions of the Section 217(2AA) of the Companies (Amendment) Act’2000, the directors state: i) that in the preparation of the Annual Accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures. ii) that the directors had selected such accounting policies and applied them consistently
and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the company for that period.
iii) that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.
iv) that the directors had prepared the annual accounts on a going concern basis. Deposits: The company has not accepted any deposits during the year attracting the provisions of Section 58-A of the Companies Act, 1956. Dividend: The Directors have not recommended any dividend for the year.
Directors: There was no change in the directorship of the Company during the year. Buy-back of Shares: The Company has not bought back it shares during the year.
Auditors: M/s Shiv K Gupta & Associates, Chartered Accountants (FRN – 006946N), who retire at the ensuing Annual General Meeting and being eligible, have offered themselves for re-appointment. The directors also recommend their re-appointment. Auditor’s Report: The contents of the Auditors Report are self explanatory and hence do not require any further comments. Secretarial Compliance Certificate: The Secretarial Compliance Certificate obtained under Section 383A of Companies Act, 1956 from M/S JASPREET DHAWAN & ASSOCIATES, COMPANY SECRETARIES (CP No. 8545), SCO 312, Second Floor, Sector 40D, Chandigarh is attached herewith and is self explanatory. Conservation of Energy, Technology Absorption, foreign Exchange earning and out-go: The particulars regarding above are NIL. Acknowledgements: Your Directors place on record their sincere appreciation for the significant contribution made by the employees through their dedication, hard work, active involvement and devoted services rendered. The Directors would also like to thank all other stakeholders, investors including bankers and other business associates, who have extended their valuable sustained support and encouragement. This has, understandably, been critical for the Company’s success. The Directors look forward to their continued support and understanding in the years to come. For and on behalf of the Board of Directors PREET REMEDIES PRIVATE LIMITED
Sd/- Sd/- (Harpreet Singh Kalra) (Sanjeev Kumar)
DIRECTOR DIRECTOR Date: 28-08-2013 Place: CHANDIGARH
IndeDendent Auditor's Report
l-o the lvlembers ofPreet Remedies Private Limited
ReDort on the Financial Statements
We have audited the acoompanying financial statements of Preet Remedies Private
Limited ("the Company"), which comprises the Balance Sheet as at March 31, 2013,
and the Statement of Profit and Loss, and a summary of significant accountingpolicies ard other explanatory nformation
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of these financial staiements that
give a true and fair view of the tinancial position, financial performance of the
Company in accordance with the Accounting Standards referred io in sub-section(3C) of section 211 ot Ihe Companes Act, 1956 ("the Act"). This responsibility
rncludes the design, implementation and maintenance of internal control relevant to
the prepafation and presentation of the financial statements that give a true and fair
view and are free from material misstatement. whether due to fraud or error.
Auditor's ResponsibllityOur responsibility is to express an opinion on these financial statements based 0n
our audit. We conducted our audit in accordance with the Standards on Auditingissued by the Institute of Chartered Accountants of India. Those Standards require
that we comply with ethical requirements and plan and perform the audit to obtain
ieasonable assurance about whether the financial siatements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts
and disclosures in the financial statements. The 0rocedures selected depend on the
auditor s judgment, including the assessment of the risks of maierial misstatement of
the flnancial statements, whether due io fraud or efrof. In making those risk
assessments, the auditor considers internal control relevant to the Company's
preparation and fair presentation of the financial statements in order to design audit
procedures ihat are appropdate in the circumstances. An audit also includes
evalualing the appropriateness of accounting policies used and the reasonableness
of lhe accounting estimaies made by management' as well as evaluating the overall
presenlation of the financial statements
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis {or our audit opinion
Opinion
In our opinion and to the best oi our information and according to the explanations
given to us, the financial statemenis give the information requifed by the Act in the
manner so requifed and give a true and fair view in conformity with the accounting
principles generally accepted in India:
a) in the case of the Balance Sheet, of the state of atiairs of ihe Company as at
Mafch 3'1,2013;
b) in the case of the Pront and Loss Account' of the profiv loss for the year ended on
that date.
Report on Other Legal and Regulatory Requirements
1. As required by the companies (Auditois Report) order, 2003 ("the Orded')
issued by the Central Government of India in terms of sub-section (4A) of
section 227 of the Act, we give in the Annexure a statement on the matters
specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
a) We have obtained all the information and explanations which to the best of
our knowledge and beliei were necessary for the purpose of our auditi
b) In our opinion proper books of accouni as required by law have been kept
by the Company so far as appears from our examination of those books
c) The Balance Sheet and Statement of Profit and Loss dealt with by this
Report are in agreement with the books of account.
d) In our opinion, the Balance Sheet and Siatement of Profit and Loss compl,
with the Accounting Standards referred to in subsection (3C) of section 211
of the Companies Act, 1956;
6lchai\q\!rD\
e) On the basis of written reoresentations received from the directors as on
March 31, 2013, and taken on record by the Board of Directors, none of the
directors is disqualifled as on March 31, 2013, from being appointed as adirector in terms of clause (g) of sub-section (1) of section 274 ot theCompanies Act, 1956.
f) Since the Central Government has not issued any notification as to the rate
at which the cess is to be paid under sectjon 441A of the Companies Ac-1956 nor has it issued any Rules under the said section, prescribing the
manner in which such cess is to be paid, no cess is due and payable by the
Company.
For SHIV K. GUPTA & ASSOCIATES
(SHIV K GUFqtrCRD,P.
lvlembership No. : 085397
Place: CHANDIGARH
Date: August 28tn, 2013
Chadered
The Annexure referred to in paragraph 1 of the Our Report of even date to themembers of Preet Remedies private Limited on the accounts of the Companyfor the year ended 31'r March, 2013.
On the basis of such checks as we considered appropriate and accordtng tothe information and explanation given to us during the course of our audit, wereport that:
1. (a) The Company has maintained proper records showing fu particutarsincluding quantitative details and situation of its fixed assets.
(b) As explained to us, fixed assets have been physically verified by themanagement at reasonable intervals; no material discrepancies werenoticed on such verification.
(c) In our opinion and according to the information and explanations givento us, no flxed asset has been disposed during the year and thereforedoes not affect the going concern assumption.
2. (a) As explained to us, inventories have been physica y verified dunng theyear by the management at reasonable intervals.
(b) In our opinion and according to the information and explanations gjvento us, the procedures of physical verjfication of inventories followeo oVthe management are reasonable and adequate in relation to the stze ofthe Company and the nature of its busjness.
(c) In our opinion and on the basis of our examination of the records, theCompany is generally maintaining proper records of its anventones. Nomaterial discrepancy was noticed on physical verification of stocKs oytne management as compared to book records.
3. (a) According to the information and explanations given to us ano on rnebasis of our examination of the books of account, the Company has notgranted any loans, secured or unsecured, to companies, firms or othelparties listed in the register maintained under Section 301 of theCompanies Act, 1956. Consequen y, the provisions of clauses iii (b),iii(c) and iii (d) of the order are not applicable to the Companv.
(e) According to the information and explanations given to us and on thebasis of our examination of the books of account, the Company has nottaken loans from companies, firms or other parties listed in the registermaintained under Section 301 of the Companies Act, 1956. Thus subclauses (0 & (g) are not applicable to the Company. ,.<;e
4.
5.
7.
B.
9.
ln our opinion and according to the information and explanations given to
us, there is generally an adequate internal control procedure
commensurate with the size of the Company and the nature of its
business, for the purchase of inventories & fixed assets and payment for
expenses & for sale of goods. During the course of our audit, no major
instance of continuing failufe to correct any weaknesses in the internal
controls has been noticed.
(a) Based on the audit pfocedures applied by us and according to the
information and explanations provided by the management, the
particulars of contracts or arrangements referred to in seciion 30'l of the
Act have been so entered in the register maintained under section 301 of
the Act.
(b) As per information & explanations given to us and in our opinion, the
transaction in pursuance gf above contracts or arrangements have been
made at prices which are reasonable having regard to the prevailing
market prices at the relevant time.
The Company has not accepted any deposits from the public covered
under section 58A and 58AA ofthe Companies Act, 1956.
As per information & explanations given by the management, the
Company has an internal audit system commensufate with its size and the
nature of its business.
We have broadly reviewed the books of accounts and records maintained
by the Company relaling to manufacture of pharmaceutical formulation,
pursuant to rules made by the Central Govt. For the maintainance of cost
records u/s 209(1Xd) of ihe Companies Act, 1956 and are of the opinion
that prima-facie, the prescribed accounts and records have been
maintained. We have however not made a detailed examination of the
records with a view to determine whether they are accurate of complete.
(a) According to the records of the Company, undisputed statutory dues
including Provident Fund, lnvestor Education and Protection Fund,
Employees' State Insurance, lncome-tax, Sales-tax, Wealth Tax, Service
Tax, Custom Duty, Excise Duty, cess to the extent applicable and any
other statutory dues have generally been regularly deposited with the
appropriate authorities. According to the information and explanations
given to us there were no outstanding statutory dues as on 31st of March,
10.
2013 fot a pefiod of more than six months from the date they became
payable.
(b) According to the rnformation and explanations given to us there is no
amounis payable in respect of income tax, wealih tax, service tax' sales
tax, customs duty and excise duty which have not been deposited on
account of any disputes.
The Company does not have any accumulated loss and has not incurred
cash loss during the financial year covered by our audit and in the
immediately preceding financial year.
Based on our audit procedures and on the informatlon and explanati0ns
given by the management, we are of the opinion that, the Company has
not defaulted in repayment of dues to a financial institution' bank or
debenture holders.
According to the information and explanations given to us, the Company
has not granted loans and advances on the basis of security by way of
pledge of shares, debentures and other securities.
The Company is not a chit fund or a nidhi /mutual beneiit fund/society
Therefore, the provision of this clause of the Companies (Auditor's
Report) Order, 2003 (as amended) is not applicable to the Company.
According to the information and explanations given to us, the Company
has not given any guafantees for loan taken by others from a bank or
financial institution.
15. Based on our audit procedures and on the information given by the
management, we report that the Company has not raised any term loans
during the year.
16 Based on the information and explanations given to us and on an overall
examination of the Balance Sheet of the Company as at 3l"rMarch,
2013, we report that no funds raised on short-term basis have been used
for long-term investment by the Company.
'18. Based on the audit procedures performed and the information and
explanations given to us by the management, we report that the Company
has not made any preferential allotment of shares during the year.
19. The Company has no outsianding debentures during the period under
audrt.
2a. Ihe Company has not raised any money by public issue during the year'
11.
12.
13
14.
\)#
2'1. Based on the audit procedures performed and the information and
explanations given to us, we report that no fraud on or by the Company
haa been noticed or reponed during the year, nor have we been informed
of such case bY the management
For SHIV K. GUPTA & ASSOCIATES
Cha untants
FRN;
(SHIV K G
Membership No. :
Place: CHANDIGARH
Date: August 28rn, 2013
PREET REMEDIES PRIVAIE LIMITED. CHANDIGARH
Balance Sheet as at 31st March,2013
reDortino Deriod
Figures as atthe €nd ofprevious reporting
Denod
1
2
3
5678
30,000,000.00135 939.805 00
2.918,24200
64,835,753.00112,248,041 .0022,324,464.OO
726,735.40
30,000,000.00133.901.942 00
6.715.550.00
71,465,880.0085,202,880.00r0,781,059.00
143.000.00
I. EOUITY AND LIABILITIES
(1) shareltoldefs Funds(aJ Share Capilal(b) Reserves and Surplus
{c)Money received againsl share warranls
12) Sha.e applicatio. money pending allotment
13) Non-Current Liabilitiesia) Long-tem borowmgs(b) Defered Iax liabililles (Net)(c) Other Long tem liablllles(d) Long tem provlsions
(4) Current Liabilities(a) Shorl-lerm borrcwnss(b)Trade payables(c) Olher cuffenl liabiliti€s(d)Shortlem provls ons
368.992.640.00 338,210,311.00
I
10
11
'12
13
15
16
53,862,548 00
39.896,735 00436,300 00
16,752,272.OA
42.27 1 ,334.OO142,233,810.0025,400,928.00
477,O13.007,661,700.00
59,674,438.00
39,896,735.00768,300.00
16,730,287.00
84,017,760.00110,469,932.00
19,356,185.003S6,526.00
6,900,148.00
II. ASSETS(1) Non-current asseis
(i)Tangible assets(iil Intangibie assets(iii) Capital work-in-progrcss
(b) Non-cunent inveslrn ents(c) Deiened tax assets (net)(d) Long lem loans and advances(e) Olher non-cu.renl assets
(a) CLrnenl inveslmenls
(d)Cash and cash eq!ivalents(e) Shortlerm loans and advances(0 Olher current assels
368,992,640.00 338.210.311.00
In lerms ofour seper€le report of even date annexed tk;TESCHARFRN
{s.K,
lJt. No.085397
PLACE CHAND1GARHDATE : 28.0E.2013
Statefrenl of Prottl and Loss tortheyearended 3ist March.2013
I Revenue lrom opeElions
lll.loial Revenue 0 +|l)/V €xoerses:Cosl olmate ats @nsumedPu.chase oI Slock in-TradeManlfaclu.ing and opeEllng coslChanoes in invonlodes ol linished soods. work-inpooress and slek-in-T6deEmployee b€nolil expense
Depreclation and amortiErion expense
ToratErponses
v Pfofil beiore exceplionatand exlEo.dinary lems
Vli Profl befo@ extEordinary tems.nd tax (V,Vt)
vrrr Enraordinary llens
x Pronl befofe iax (Vll-Vrll)
(3)Tax in .espel of ea.liar yea.Xl Prolil(Loss) t om thd p€rid rrom conlinulns
Xll. Proliv(Loss) f.om dis@nthoinO opeGtions
xlll. Tax expense oldis@ntinuins operarons
XlV. Prcfit(Lost from Discoolinuinq opeEtions (Xtl
XV Proliv(Loss) lor lhe pe.iod (Xl + XrV)
xvl. Earning perequity sha€l
(2) Dilured
398 39r,967 00 330,449,617 00
398,891,967.001 ,512,765.23 1.548.713 00
19
20
2l2223I
319.950 949.00
11 ,145,724.OO
1,139.167.8330,952,062.00
7.636,513.3714.842.272.00
309,156.596.00
10,751.836.00
2 225,299.0025.,r31,530.00
3,459.024.0013 034.222.O0
722.31 37t,94t,179.00
( - tv) 3714,009.89
3,714,009.89
2,497.156 AO
2,497,156.00
(v r-
956,000.00332,000.00388,147.00
2,037,362.89
643,000.00(353.000.00)
13.759 00
2,193,397.00
2193.397 00
0.68068
3,000,000
0.730.73
lnrermsolourseperatereponolevendareannexed /t, .,,nFor srrtY K GUPTA & AssoctarEs {tHr#,^:ffqq:"#frK
\ry$fuuK,")ilrs.x. euNAb\ . /_Jllii.**,-fuf/PLACS : CHANDIGARHoATE :23.0a.2013
W
NOTES TOTHE FINANCIAL STATEME
315rMarch,2013 31.tMarch,2012iulhoised Caoital
3000000 equiry shares ot Rs 10 e.ch futt paid up
5000000 equily shares of Rs. 10 each
lssued, Subsobed & Paid uo
Sanjay ohrr
30,000,000,00 30,000.000.00
The conpany has ony one ctass ot equily Sharehotde6 having a par vatue ot Rs. 10 per sha.e. Each shareholder is etigibte for
Detalls ot sh.res held bJ,.haehotdoF hotding moio th.n 5% ofth..Name of tho Sh.rehotder
28.40./.15.07%13.33%
13.33%
Nole: Above shares incrude Bonus sha.es amounting Rs 22,500 OOO.OO issued inlh6Fy2O1Ot2
Nole 2- Reseryo & Surplus
352,000.00452,00000400,000.00
452.000.00400,000.00
352,000.00452,000.00400,000.00
452,000.00
% ot Holding
28.44r/.15.07%13.33%14,80%1507%13.33%
31stMarch,20l2
TGnster lron Pronr 6 loss 2rc.olnt98,843,192.00 96,649,795.00
100,881,054.99 08843,rd2.ao
32,220,000.00-Amounl Tranlered durino the Yea./ r'dJustmenl of Lasl t€ar-Capilal lnveslfi enl slbsidy
Total
Note 3- Long tem Botrowtng3
32,220,000.00
2,838,750.00 2.8387500035,058,750.00 35.058.?50.00
135,939,80489 133.901,942,00
sslegEank of lndia Macninery Loan
2,918 242 0A 4,299,557.002.415,993.00
2,914,242.40 6.715_550.00
Tems of .epaynenl of tem loans and other Ioans is 5 yea6.Nature or secuit ol each lyp€ ol 6ecured loans (as curenuy given)
Note.l-Oetered tax ltabititi$/AsseG
PARlICULARS31stMarch,2013 315tM.rch.2012
Hypornl6tlon on Vehlcle5
'Iiming difference on langlble assots on a@unt oi depreciaiionTiming difforenc€ on tangible sssels on a@unt oi dep.ecialion C.y
Tolal
(768,300.00) (415,300.00)332,000.00 (353.000.00)
{/t36,300.00) (768,300.00)
xote 5- Shon &rD bonowings
eJ Curent matldties or Lons rem Debrb) workins €pitat loan From Banks
AOrLoan as.insr FoR
3.79?.303.00
52,928,563.00
5,010,738.00
4406,154 00
61,901.103.004,150.483.001,000,130.00
l.) C urenr matudies of LonO Te.m Oebt
{c) AOr Loan asainsl FOR
Hypolhielion on VehicresLand a Burtdrno 6 Hrpothr€tion oISldk
Total
Oerarrs ot rhe agsreqab ot each loan guaEnbed by direcrors orome6, each hoadwise (.s cu.ieouy giveo)BOlCash CrediaorB s o,scoJnrea !2 cr3 563 0n
c.."", .",*rr"" "i
i",o r"., o"or , i3i,iii.33
' Sundry Ci€ditors Captlal Goods
Tot t
Nole 7. Oth6r Corenr tiabltides
1,090,.180 0034,025,050.00
1,177,030,00
112,24!,o4o.e.i -6i6e6ia:66-
a) h'eresl a@redbur not paidon borcwrnosblSl.lulofydues
Provjdenl Fund payabte
c) Advances From Cuslone6d)Cheques/ssued bur not presented torDavm€nle)orherPayabtes
total
Note 8- Short Term prorlsions-;#?f.*r1!ffi
69,292.0052,871.0020,046.0021.712.0a
420,226.4018,654,{20.00
99,565.0031,740,0012,316,0012,234.00
205,480,007915,391.00
eovision ror einproFElGidili370,735
.Proeron ror rax (net ol Advane Ta, --+3ffi8l3fifr
#t'\li.*.{".,il*as/
Note t0- l{on Curenl Inv6ttu.l5
F)ha pr<:luds Baddt -a fr.m n nhkh .on anv 6tn@ested as e Penturhwstmenr rn N€€ttanlh T€ch. Ltd.r.veshe.r ln SWMPL Natagarh
P.eel R€medies prl. Lld.
Nole l1 - tong-Torm Lo.ns lt Adv.nco5
24,090,640.00r5,706,095.00
24,090,640.00r5.706.095.00
109p0o.00 lQq0o0.00!!!q96,7t5.0ii 39,896,7!5.j0
unse@red cDnstd€red oor!b)Soclrftl6 dopcltod_unsecuGd constGred gmd
-M3l Credl Entilsn]eit-D.G. Medical & Hearh ssrytces
lJnse@red @nsider€d oood- rimd usta n anubtolic Llmited
Allowanes tor bad snd doubfut deposG
c, loan.nd Advance. to rotarod p.nb5Unsecured conslder€d goodunsocured @nsidered dolbttul
d) orror roan and Adv.nco!uisg@red @nsiderod good
10,000.00 10,000.00- 4,7U.00_ 1,985.00
500,000.0025,000.00
349,500.00170,000.00
15,147 ,772,0050,000:00
500,0000025,000.00
349,50000170,000.00
15,669,078,00
L6r752'272.00 1Sf-30,267.00guhr assessme are srbject lo finar olrcome of rho pendlng hcomo Tax appeal
----C74--tno_---rq-'iait!oo-
PARTICUIARS
RawMate als & Pacrins Mabrtats 7'692 57600 6.068t4I-Work in prccess 73866.408.00 7{,573,666,00
612,350,00 1.375,324.00
Nore i3- f.ade Receivabt.s
elcoedlng six months tiom thoduelorpaymenl
Receivablc. oqt tanditrg
unsedred consider€d goodunsedr€d considered doubllulLess: P@ision tor doubtfut debrs
Trade Roceivabtes ourstanding forless lhan six months from the dat6
Secured considered goodunsecured considered g@d
Nots 14-cash and Bank Batances
9,746,758.004,233,805.00 4,233.805 00
128,253246.A0 106.236.127.00
1!2,233,810,00 t10,469,932.00
Cash and Cash equivatentsa) aabn@wilh Schedule Sank
-Bank of India {BaddD A/c - 100Bank ol hdia O/D Ac - 0054 & 184
-HDFC Bank Ac- 00667-Punjab Nalionar Bank , c/A-8770Slate Bank ol India,0417
,Bank or hdia (Margin rvoney)FOR under lien ror bank luaratee
Inle.est A.arued on FoRb)Cheque DeposLled bul not Crodiled
166.785.005,002,154.84' 81,481.00
10,000.001! 900.00
1,255,750.0014,3.r4,250.00
1,562,846.001.304,281.00
159,997.007,097.00
46,367.0010,000.00
15,600.000.00201,362.00
2,660,082.00706.00
ToGl
Note r FOR torAnolnling Rsahounlirc Rs.50.00 Lac
19,356.185.00
50.00 Lac lrom lhe FORAmounting Rs 1.63,74774.00 ptedQed to avail lhe OO .gainst FD tor
Note 15, shortTerm loan and advances
- Advances to Suppliers
-hcome Tar fefund FaT-lncome Tar retund F Y.2011 12
totar
ilote 16- Others cu renl asset3
55,864.0015.1,280_0010r,866.00
563 00
65,18800141,780.00103,46300
53,590.0032.505.00
396
pARTTCULARS Asat As.t31siMarch,2013 31stMarch.20t2
7.645.643.00 6,668,036.007,66,t,700.00 6,900,1,18,00
16,057.00 32,112 A0
\#
Note i7- Revenue irom operatios
a)srle ol P6au;
') rranuracrunng coods- Domesric
31stMarch,20i2
399,173,707.00 $1,033,01300
281,740.00 198,397.00
--adddi;a'st:ai-- -tsq-tutCieid.
3l5tMarch,2O13
a{ore 19- Materirt coEumed
1 512,765.23
Total
Nole 20. M.nlfacturtnq .nd Opera0ng Cosrs
_ j+q:-'r!491+_J!l!1!dd393,917,357.00
73,966,408.00383,730,262.0074,573,666.00
arch,2012powerafd Fuet 322,275.00 _8d346_56_
Elecrricitu & ware.charses 6,125,986.00 5.830,12900Lab€'penses 231,301.00 102,169.00Freiqhland canaqe lnward 427,a74,00 s4,t..r29.ooFood E)penses (Factory) 1,602,544.00 1,o92,9oO,OORepar 3lrarntarnane 78,368,00 378,76,t,00
Loadiag lnloading Expenses
Total
[oro 21-Changes In tnventortes ot Ftnishod coods and work tn progres!
1,514,491.00790,230.00
5,300.006,955.00
1,910,033.00345,289.0039,669.0028,000.00
r1,1 f21.00
Total
Ch.nges rn hventories ofF ished coods and Work m prosres,
3,068,770.00
8.30a.e2617 --l;i;:69a:oo
7,692,57617
(1,139,107,83) 12,225,299.00)
8,068,7?0,00 9,348,303,001Jl'5,324.00 ?321,090.009,444,094.00 1L669,393.00
Note 22- emptoyoe Ben€lit Expens6$
PARTICULARS
Slalf and Labour weltars
folat
31stMs.ch,2O1321,596,867.0d 16,571,4007,859.901.A0
615,320.00
269,222.00
6,640.589.00
101,568.00198,274.00
- =;a*..-
Intera Ert;;G 31stMarch,20l2
--rld*#l##Sr8##r{o(o 24- admn. and oth6rerpenses
rEvettrns a c.fr6;me- 31$tMarch,2Ot3
Oifedof R6muneEton
Prinrlrc and Sta0onery
Cash O6counr 6 Trade O scolntF.eioht 8 Cadaqe OuMards
Legal & profe$ionat CharaesRalin! Fee Etp.Newspape.s & periodic€tsPollution conlrot Expenses
Aoa.dng A todong E:p lJc
Repak and mat.tenance.
vehicle Runntng & rvain!.
PeliminaryE&enses WO
626,343.00979,705.00258,a01.00
2,160,000_00289,658.00663,34300
75,000.0068,350.00
221452.002,138,05?.00
95,958.00.650,560.00
75,0400062,887.00
848,020.0038,608,00
590,906.00
419,325.00r13,060,0075,000.00
,{12,9,{8.00
473,127.0Ar,441,180.00
51,636.70132,229.00235,086.00
62,538.001,454.765.00
185.0016,055.00
61,798.00
770,00?,00712.9,4,4.00
2,160,000.00402,821.00355,277.0032,114 00
i,480.005s0,959.00
2,062,222.0A39,790.00
777,596.0091,549.00
s80.0017,648,00s3,913,00
241,153.003,146.00
128,102.00
216,09?.00114,624.00119,000.00226,651.00i22,980.00
1 ,3.12,760.00132,600.00129,032.00537,770.00u.214.00
1,1273A4.00
25,28A.00
78,652.00
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Note,23 NOTES ON ACCOUNTs
1 Accounting poticies: {AS.1)
rj::;ffy"jlF:;:1;:::j#T#'i::fi"#:::ffi"::T;::::ffi:,.?::,:.:""::erp.end,,ure.naccrua bass:"J,',,illtl'Ali":,il;"1i:*mml;:t**;,.::i',"'':fi:,il"$ll;:l;::::nff*,fi::4i!
a) Stock ih H3nd: (As-z)
The Slock ofGoods In hand as on 11<
"ffi#l*t"i.f$:ffr#*'Ji:":,["i"F;8111ry**whherevsedAs2vaua"n
bl priorperiod & Extra o.o,n"o,,"ln. "
t o''" u'podioned maunfactLrring overheads
*i"g**ls*x,+i:w:-l'l,s,:"x-g,l :,lr,,j[#i*c) Depreciation:(45-6)
i;'::"r"J::1"J"il,1i:ff;:en[iXsJH6lrcvrded on wr'ren crown varue in ,ne books or Accounrs as per rhe rares
d) Revenue Recoginition: (AS_9)
Revenue js f€cognised only when the risk and rewards have been lransferred.e) Fixed Assets: (AS-lO)
fu A""ut"'tu "t"t"d "t
cosl of acquisitlon and all cosl rclaling lo lhe acquisjtion and insralation of fixed assets
0 Retirement Benefits: (AS-'|S)
Ji"X{i#ffffiJ.:i:,::ii:fft,ff"3:[il:r.Ac,, 1s48 and Emproyees providen, Funds & r\,4isce,aneous
g) Accounting for Taxes on Income: (AS_22t
The Accounling slandard ,Accountino for
.
;ru;,": r*::sjni:"g#dii: s*#f;#t"".*?",,iiji:,,,:"ll*;:,.:Tff::i,iff iixt:h) lmpairment ofAssets; {AS-281
;1",:,",,.,: d{i{::n',f:"t"#1,l?i1"n:Tilif."i3,"?,,:"""1i.,",1;l :t%5x.":""1l,; T:t,:J":.":l,,ii#xil*f :",I.il[r;:Hrro:;l,:fi :Jlm*,'.:,*:;1:*:[#..".niiilxm.L,n,by,,ea,ins
2
No contingent tiabtities a.e determined for and
#ffi"::iH:ri.,$;rHiH:fl 'ff #;,;# :",-HjH:: j:;::::': jil:'"",",,"Oebl or Crect balances on whelever account!protil and lors account ce;r;i ;;;;;"""'" "'" "uoiecl
lo conllrmatjon fom lhe parlies as such, thejf effecr on
Figures have been regrouped/rearaanged whenever necessa,y lo make ftem comparable wilh lhe figure o,As pe. AS,22 Accounting for Taxes on lncomprovoeo In rhe books of
""-rno ar r,-,no "";llt^"lY
-Ta)( Liabilities amounting to Rs. 464,000.00 has b€en
depreciarion as provided i" d;;;;r;;#[::1"":3"ff"ffjj"ffi"#larsed as per Income r6x Ao ancl
The Company ope.ates in one busjness segmenl vtz. pharmaceutical Formulations.
Noles 1-to_23 form an integratpart of th6 Batanriq.!", zv,J wnrcn are duty aurhenticareo heretf, sheet and statemeni of Profil & Loss for the year ended 31st of
J",- *Directr'i ,P
6
7
For S K GUPTA & ASSOCIATESCH TANTSFRN
li4an-a
(s,K. cuPROP,M. NO. 085397
PLACE : CHANDTGARHDATE :28.08.2013
. ,iii#^Hi"i$';1,#''*A
, Names ofr€lat€d parries
9ompanElilE;lnir,io, oireEroEiiGeuompany are able lo exercise conlrot orhave signjfi cant infl uence
- Shiva Traders- Ultra Chtron Heellhcare private LimitF.l- r,rectston polymer- Zen labs lndia- Preet plastic Induslrv' Preet packing soluti;ns
2 l(ey l\ranagemenl personnel
_ IUr. Sanjeev Sinq€t- [rr. Harpreet Si;gh Kaha
:#:S:xj]?il:t'_ tvr. Jasbjr sjngh Kaha
(Note: Retated party retatiohship is as idlentified by the Company and relied upon by tne Auditor)
B Transactions carried out withcourse o, business retated padies referred in 1 above, in ordinary
lHature or rransaitiin-.....---
-.---=-Ftr"s"s?CooaffiATat:ii"i{rererred in A{.1) above)
ffi
FiYear ended 3i-52013
Year ended 3i03-2012
7,637,637-00 __!115,465n0Fffi=1::r:j:js]9lrm s 110,409,601.00!f,22,966.00P.*t##j;#=. - ?,530,137.00 4Sat,ooz oomamiifi;;ik- g'e,+sa.oo _ 1SS,Z+a oo1,74e,343.001131j:fi6
liif ;J":TGan'T;i;'-Gc;"di;--_-
rH"fH;'--.;Ffr;;'r.fta_
+sT*.t'*ll.l+4?rreq__l
1,267.150.00 1,125.990.001!4-288,278.00 1p9.485,283.00
.S"ffij#trls__ z, tso.ooo.oo 2,160,000.00z?0,000.00 z?0 000.00
Balances with Related parties
1t'tame or*re ca-v-trh,,;-il*l-ffi
FiYear endedJ?i52013
Year endedJl03-2012
1,488,31 5.00 'I ,220.902.O018,892 00 1,815,797.00
s00,705.00 552,251.00as,szz c2400 36,396,766 00
14,180.00 15,908.00L24,386.00 311,122.00
Retationshh....-_-
Itame or urEEjf,-FJiJiE
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