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-0.4 (-2.02%)
-0.25 (-1.27%) | Notes to Accounts | Year End : Mar '12 |
i There was lack of Government support for levying anti-dumping duty despite efforts of the Company. Hence, the Company has suspended the production of Penicillin-'' as import from China have resulted in unviable prices. The Company is in process of exploring other alternative options to utilize its manufacturing capacity. ii The remuneration paid to Managerial / Whole Time Director is in excess of the remuneration prescribed under schedule XIII to the Companies Act, I956 .The Company is in process of making an application for the necessary approval from the Central Government for the excess paid remuneration in the prescribed limits. iii. As per information / documents available with the Company, there are no small scale undertaking. Hence information as per requirement of section 22 of Micro, Small & Medium Enterprises Development Act, 2006, not given. iv. Segment Reporting Primary Segment The Company has identified Pharmaceuticals and Real Estate as the primary reportable segment. The Company has started a real estate project for residential use. The project is in initial stage and no revenue / profit is recognized in the current quarter / period and therefore, the Company has reported only pharmaceutical segment in accordance with the Accounting Standard on Segment Reporting (AS-I7). In view of the inter-woven/inter-mixed nature of business and manufacturing facility, other secondary segmental information is not ascertainable. v Listing Agreement clause 32 disclosure Disclosures as required under clause 32 of listing agreement have not been given as there are no such transactions with any such party / Employee. vi During the year ended 3Ist March, 20I2 the revised schedule VI notified under the Companies Act, I956 has become applicable to the Company for perpetration and presentation of its financial statement. The adoption of revised schedule VI does not impact recombination and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The company has also reclassified the previous year''s figures in accordance with the requirements applicable in the current year. In view of this reclassification certain figures of current year are not strictly comparable with those of the previous year. |
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| Source : Dion Global Solutions Limited | |
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