DRIVIN G ROWTH - Dr. Reddy's

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212 management report To The Shareholders, Management is pleased to hereby present to you the Company’s financial statements for the year 2001. No unexpected events occurred during the year and net results were broadly within Management’s expectations. On the basis of the current operations, no material changes in results are foreseen for the present financial year. Management will continue their efforts to further develop the Company’s business. REDDY ANTILLES N.V. | FINANCIALS | ANNUAL REPORT 2001 Board of Management Curaçao K A REDDY March 5, 2002 Intertrust (Curaçao) N.V.
alance sheet | AS AT DECEMBER 31 (US $) 2001 2000 assets FIXED ASSETS Financial fixed assets Subsidiaries 2,121,004 2,121,004 Loans to affiliated companies 1,043,868 1,043,868 3,164,872 3,164,872 Current assets Advances to affiliated companies 135,093 1,081 Interest receivable 148 5,842 Cash at bank 1,300,257 1,545,814 1,435,498 1,552,737 4,600,370 4,717,609 shareholders’ equity & liabilities Shareholders’ equity Issued & paid-up capital 500,000 500,000 Retained earnings 4,108,251 5,355,861 Result current period (14,998) (1,247,610) 4,593,253 4,608,251 Short-term liabilities Dividend payable – 100,000 Accrued expenses 7,117 9,358 7,117 109,358 4,600,370 4,717,609 Note: The accompanying notes are an integral part of these financial statements. REDDY ANTILLES N.V. | FINANCIALS | ANNUAL REPORT 2001 213
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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
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CHART B NCE Pipeline Diabetes DRF N
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AURIGENE WILL BUILD SKILLS IN AUTOM
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The highlights of the scheme were:
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INVESTMENTS INVESTMENTS reduced to
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Rs. 108 million (US$ 2.25 million)
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THE STRENGTH OF INDIA’S SCIENTIFI
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internal accounting, administrative
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e disproportionately distributed in
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COMPOSITION AND MEETINGS OF THE BOA
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Table 2 | Remuneration of the direc
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(iii) Ms. G Anuradha (daughter of D
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increase speed of reporting and cre
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the Committee. The Investment Commi
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MANAGEMENT DISCUSSION AND ANALYSIS
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non-executive, independent Addition
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press releases and conducts program
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We state that no investor grievance
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Media Bhaswati Banerjee / R. Rammoh
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CODES AT VARIOUS STOCK EXCHANGES Th
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EQUITY HISTORY OF THE COMPANY Table
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SHAREHOLDING PATTERN AS ON MARCH 31
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dematerialised form may contact the
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UNCLAIMED DIVIDENDS Pursuant to sec
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generics Survey No. 41 Bachupally Q
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financials 103
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annexure to the auditors’ report
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alance sheet | AS AT MARCH 31 (All
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schedules to the balance sheet | (A
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schedules to the profit and loss ac
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schedule to the balance sheet and p
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cash flow statement | YEAR ENDED MA
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auditors’ certificate To The Boar
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consolidated financials
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consolidated balance sheet | (All a
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schedules to the consolidated balan
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schedules to the consolidated profi
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schedule to the consolidated balanc
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Page 165 and 166: The net Aggregate of profits (losse
Page 167 and 168: drl investments ltd.
Page 169 and 170: auditors’ report A RAMACHANDRA RA
Page 171 and 172: alance sheet | AS Schedule 2002 200
Page 173 and 174: schedules | AS AT MARCH 31 (Rs) 200
Page 175 and 176: schedules Schedule - 3.00 NOTES TO
Page 177 and 178: compact electric ltd.
Page 179 and 180: auditors’ report A RAMACHANDRA RA
Page 181 and 182: alance sheet | AS Schedule 2002 200
Page 187 and 188: schedules | FOR THE YEAR ENDED MARC
Page 189 and 190: schedules 7. The information requir
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Page 193 and 194: eddy pharmaceuticals hong kong ltd.
Page 195 and 196: eport of the auditors ERNST & YOUNG
Page 197 and 198: profit and loss account | YEAR ENDE
Page 199 and 200: notes to financial statements - DEC
Page 201 and 202: notes to financial statements - DEC
Page 203 and 204: eddy biomed ltd.
Page 205 and 206: eport of sinay joint-stock company
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Page 219 and 220: alance sheet | AS AT MARCH 31 (US $
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Page 229 and 230: 9. DIVIDENDS No dividend has been p
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Page 241 and 242: alance sheet | AS AT MARCH 31 (US $
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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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auditors’ report A RAMACHANDRA RA
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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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auditors’ report A RAMACHANDRA RA
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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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