DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
DRIVIN G ROWTH - Dr. Reddy's
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142<br />
schedules to the consolidated balance sheet |<br />
(All amounts in Indian Rupees thousands, except share data)<br />
As at March 31, 2002<br />
schedule 2: reserves and surplus<br />
CAPITAL RESERVE<br />
Balance at the beginning and end of the year 7,470<br />
SHARE PREMIUM<br />
Balance at the beginning of the year 2,014,380<br />
Add: Share premium received during the year on ADS issue 6,180,493<br />
(Refer note 13 of schedule 20) 8,194,873<br />
Less: ADS issue expenses written-off (463,893)<br />
DEBENTURE REDEMPTION RESERVE<br />
7,470<br />
7,730,980<br />
Balance at the beginning of the year 142,494<br />
Less: Transferred to profit and loss account (142,494)<br />
GENERAL RESERVE<br />
Balance at the beginning of the year 2,902,091<br />
Less: Net deferred tax liability upto March 31, 2001 (655,051)<br />
(Refer Note 7 of schedule 20)<br />
2,247,040<br />
Add: Transferred from profit and loss account 3,500,000<br />
PROFIT AND LOSS ACCOUNT<br />
–<br />
5,747,040<br />
Balance in profit and loss account 245,861<br />
schedule 3: secured loans<br />
LOANS FROM BANKS<br />
13,731,351<br />
Cash credit and packing credit [Note 1(a) & (b)] 12,685<br />
Term loan from bank [Note 1(b)] 6,142<br />
Loan from Indian Renewable Energy Development Agency Limited (Note 2) 47,345<br />
Loans from others (Note 3) 4,731<br />
NOTES:<br />
70,903<br />
1. a) The Company has working capital facilities with a consortium of bankers and has created a charge, on a pari-passu basis, by<br />
hypothecation of the whole of the current assets, both present and future, and a first charge on immovable properties,<br />
pertaining to certain factories of the Company.<br />
b) Packing credit facility and the term loan from bank availed by Compact Electric Limited (“CEL”) are secured by way of charge<br />
on all movable and immovable properties of CEL and equitable mortgage of land and building of CEL.<br />
2. Loan from Indian Renewable Energy Development Agency Limited is secured by way of hypothecation of specific movable assets<br />
pertaining to the Solar Grid Interactive Power plant of the Company.<br />
3. Loan from Agricultural Bank of China taken by Kunshan Rotam Reddy Pharmaceutical Company Limited (“Reddy Kunshan”) is<br />
secured by way of hypothecation of its land and building.<br />
schedule 4: unsecured loans<br />
Sales Tax deferment loan from the Government of Andhra Pradesh (interest free) 85,186<br />
Other unsecured loans 18,609<br />
CONSOLIDATED FINANCIALS | FINANCIALS | ANNUAL REPORT 2001-2002<br />
103,795
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