*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
*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
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: