DRIVIN G ROWTH - Dr. Reddy's

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106 Related parties 16. In our opinion, and according to the information and explanations given to us, the transactions for purchase of goods and materials and for sale of goods, materials and services made in pursuance of contracts or arrangements entered in the register maintained under section 301 of the Companies Act, 1956, and aggregating during the year to Rs 50,000 or more in respect of each party, have been made at prices which are reasonable having regard to prevailing market prices for such goods, materials or services or the prices at which transactions for similar goods, materials or services have been made with other parties. Fixed deposits 17. The Company has not accepted any deposits from the public and consequently the provisions of section 58A of the Companies Act, 1956, and the rules made thereunder are not applicable, to the Company. Staff welfare 18. The Company has been regular in depositing Provident Fund and Employees’ State Insurance dues during the year, with the appropriate authorities. 19. According to information and explanations given to us by management and on the basis of the examination of the books of account carried out by us, no personal expenses of employees have been charged to the Profit and Loss Account, other than those payable under contractual obligations or in accordance with generally accepted business practice. Taxation 20. According to the information and explanations given to us, there are no undisputed amounts payable in respect of income tax, wealth tax, sales tax, customs duty and excise duty which are outstanding as at March 31, 2002 for a period of more than six months from the date they became payable. Others 21. The Company is not a sick industrial company within the meaning of clause (o) of sub-section (1) of section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985. For BHARAT S RAUT & CO. For A RAMACHANDRA RAO & CO. Chartered Accountants Chartered Accountants PRADIP KANAKIA A RAMACHANDRA RAO Partner Partner Hyderabad June 4, 2002 DR. REDDY’S LABORATORIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
alance sheet | AS AT MARCH 31 (All amounts in Indian Rupees thousands, except share data) Schedule 2002 2001 sources of funds SHAREHOLDERS’ FUNDS Share capital 1 382,580 316,455 Reserves and surplus 2 14,197,294 5,216,112 LOAN FUNDS 14,579,874 5,532,567 Secured loans 3 53,014 2,461,767 Unsecured loans 4 85,186 1,292,663 138,200 3,754,430 14,718,074 9,286,997 application of funds FIXED ASSETS 5 Gross block 5,699,424 4,853,659 Less: Accumulated depreciation (2,215,907) (1,888,866) Net block 3,483,517 2,964,793 Capital work-in-progress (including capital advances) 476,130 345,333 3,959,647 3,310,126 INVESTMENTS CURRENT ASSETS, LOANS AND ADVANCES 6 639,432 789,848 Inventories 7 1,898,124 1,576,060 Sundry debtors 8 4,449,543 2,849,735 Cash and bank balances 9 4,885,601 194,308 Loans and advances 10 1,213,292 861,680 Long-term deposits 20(13) 113,750 136,500 CURRENT LIABILITIES AND PROVISIONS 12,560,310 5,618,283 Current liabilities 11 1,726,058 1,139,623 Provisions 12 280,284 237,246 2,006,342 1,376,869 Net current assets 10,553,968 4,241,414 Deferred tax liability 20(4) (434,973) – Miscellaneous expenditure (to the extent not written-off or adjusted) 13 – 945,609 14,718,074 9,286,997 Notes to accounts 20 The schedules referred to above form an integral part of the Balance Sheet. As per our report attached. For DR. REDDY’S LABORATORIES LIMITED For BHARAT S RAUT & CO. DR. K ANJI REDDY Chairman Chartered Accountants G V PRASAD Executive Vice Chairman & CEO PRADIP KANAKIA K SATISH REDDY Managing Director & COO Partner DR. OMKAR GOSWAMI Director For A RAMACHANDRA RAO & CO. V S VASUDEVAN Chief Financial Officer Chartered Accountants A RAMACHANDRA RAO Partner SANTOSH KUMAR NAIR Company Secretary Hyderabad June 4, 2002 DR. REDDY’S LABORATORIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002 107
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DRIVIN G ROWTH Dr. Reddy’s Labora
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sales of branded formulations grew
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THE ULTIMATE ACCOLADE FOR A PHARMAC
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IT TAKES COURAGE AND VISION TO LOOK
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1997 Entered: Phase I clinical tria
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1987 USFDA Inspection: Ibuprofen fa
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1999 Submitted: ANDA for Omeprazole
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1995 Established: Reddy- Biomed; ou
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ARMED WITH A HIGHLY MOTIVATED AND C
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K ILO L AB FACILITY at Technology D
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SHE PRACTICES HAVE EVOLVED FROM AN
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ADOPTING A COMPETENCY-BASED FRAMEWO
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THE HIGHEST PATRIOTISM AND PHILANTH
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AFTER AN HOUR AT ROSHNI I LEFT WITH
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and valuation THE DICTUM in any kno
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total shareholder’s return “TOT
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4,585,070 equity shares of erstwhil
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REDDY PHARMACEUTICALS HONG KONG LTD
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Pathway enables Reddy US Therapeuti
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AUDITORS THE AUDIT in the financial
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2.Benefits derived as a result of t
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Table B | Technology, absorption, a
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articulation of its corporate visio
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THE LAUNCH OF FLUOXETINE HAS BEEN T
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MUCH OF THE CASH FLOW ARISING OUT O
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WITH THE ANTICIPATED GROWTH IN THE
Page 53 and 54: CHART B NCE Pipeline Diabetes DRF N
Page 55 and 56: AURIGENE WILL BUILD SKILLS IN AUTOM
Page 57 and 58: The highlights of the scheme were:
Page 59 and 60: INVESTMENTS INVESTMENTS reduced to
Page 61 and 62: Rs. 108 million (US$ 2.25 million)
Page 63 and 64: THE STRENGTH OF INDIA’S SCIENTIFI
Page 65 and 66: internal accounting, administrative
Page 67 and 68: e disproportionately distributed in
Page 69 and 70: COMPOSITION AND MEETINGS OF THE BOA
Page 71 and 72: Table 2 | Remuneration of the direc
Page 73 and 74: (iii) Ms. G Anuradha (daughter of D
Page 75 and 76: increase speed of reporting and cre
Page 77 and 78: the Committee. The Investment Commi
Page 79 and 80: MANAGEMENT DISCUSSION AND ANALYSIS
Page 81 and 82: non-executive, independent Addition
Page 83 and 84: press releases and conducts program
Page 85 and 86: We state that no investor grievance
Page 87 and 88: Media Bhaswati Banerjee / R. Rammoh
Page 89 and 90: CODES AT VARIOUS STOCK EXCHANGES Th
Page 91 and 92: EQUITY HISTORY OF THE COMPANY Table
Page 93 and 94: SHAREHOLDING PATTERN AS ON MARCH 31
Page 95 and 96: dematerialised form may contact the
Page 97 and 98: UNCLAIMED DIVIDENDS Pursuant to sec
Page 99 and 100: generics Survey No. 41 Bachupally Q
Page 101 and 102: financials 103
Page 103: annexure to the auditors’ report
Page 107 and 108: schedules to the balance sheet | (A
Page 117 and 118: schedules to the profit and loss ac
Page 119 and 120: schedule to the balance sheet and p
Page 131 and 132: cash flow statement | YEAR ENDED MA
Page 133 and 134: auditors’ certificate To The Boar
Page 135 and 136: consolidated financials
Page 137 and 138: consolidated balance sheet | (All a
Page 139 and 140: schedules to the consolidated balan
Page 145 and 146: schedules to the consolidated profi
Page 147 and 148: schedule to the consolidated balanc
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schedule to the consolidated balanc
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cash flow statement | (contd...) YE
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statement under section 212
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The net Aggregate of profits (losse
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drl investments ltd.
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auditors’ report A RAMACHANDRA RA
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alance sheet | AS Schedule 2002 200
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schedules | AS AT MARCH 31 (Rs) 200
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schedules Schedule - 3.00 NOTES TO
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compact electric ltd.
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alance sheet | AS Schedule 2002 200
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schedules | FOR THE YEAR ENDED MARC
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schedules 7. The information requir
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alance sheet abstract and company
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eddy pharmaceuticals hong kong ltd.
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eport of the auditors ERNST & YOUNG
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profit and loss account | YEAR ENDE
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notes to financial statements - DEC
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notes to financial statements - DEC
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eddy biomed ltd.
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eport of sinay joint-stock company
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alance sheet | AS AT DECEMBER 31 (R
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eddy antilles n.v.
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alance sheet | AS AT DECEMBER 31 (U
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notes to the financial statements G
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dr. reddy’s farmacêutica do bras
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dr. reddy’s laboratories, inc.
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alance sheet | AS AT MARCH 31 (US $
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statement of cash flows | FOR THE Y
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notes to the financial statements n
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notes to the financial statements n
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eddy pharmaceuticals singapore pte
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9. DIVIDENDS No dividend has been p
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eport of the auditors to the member
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profit and loss statement | FOR sta
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notes to the financial statements -
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notes to the financial statements -
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eddy us therapeutics, inc
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alance sheet | AS AT MARCH 31 (US $
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statement of cash flows | FOR THE Y
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notes to financial statements 2.REL
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eddy cheminor s.a.
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alance sheet | Euros March 31, Fisc
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profit and loss account | FOR THE Y
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accounting rules and methods Annexe
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depreciation | AS Categories A Posi
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ageing analysis of debts receivable
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details of charges to be paid | AS
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effect of different fiscal provisio
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B - Agreements with Mr Luc Lamiraul
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cheminor investments ltd.
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alance sheet | AS AT MARCH 31 Parti
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schedules forming part of balance s
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alance sheet abstract and company
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aurigene discovery technologies ltd
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Acknowledgements The Directors take
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annexure to the auditors’ report
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profit and loss account | FOR EXPEN
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schedules forming part of the profi
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schedules forming part of the balan
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zenovus biotech pvt. ltd.
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kunshan rotam reddy pharmaceutical
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alance sheet | AS AT DECEMBER 31 (R
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income statement | FOR THE YEAR END
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notes to the financial statements 5
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eddy netherlands b.v.
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alance sheet | AS AT DECEMBER 31 (I
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general notes GENERAL COMMENTS The
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notice
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The remuneration payable by way of
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Item No. 9 The Company had appointe
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DRIVIN G ROWTH - Dr. Reddy's

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