DRIVIN G ROWTH - Dr. Reddy's

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306 management report To The Shareholders, Management is pleased to hereby present to you the Company’s financial report for the period ended December 31, 2001. STATE OF AFFAIRS There was no significant change in the state of affairs of the Company compared to previous years. The Company did not have any royalty income during the period. As a result of the size of the Company, based on article 396-6 of the Dutch Civil Code, the Company is not obliged to have the financial statements audited. Consequently, these accounts have not been audited. FUTURE DEVELOPMENTS 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 NETHERLANDS B.V. | FINANCIALS | ANNUAL REPORT 2001-2002 Board of Management Amsterdam K A REDDY January 31, 2002 Holland Intertrust Corporation B.V.
alance sheet | AS AT DECEMBER 31 (In NLG) 2001 2000 assets FIXED ASSETS Financial fixed assets Investment 368,891 368,891 368,891 368,891 Current Assets Pre-payments & accrued income – 59,339 Cash & banks 198,698 52,371 Other current assets 79,370 13,130 278,068 124,840 646,959 493,731 liabilities & shareholders’ equity SHORT-TERM DEBT Royalties payable – – Payable parent company 340,972 2,566 Accruals & deferrals 26,170 26,321 Wage tax / Social security 123,755 307,554 Corporate income tax (93,500) (171,384) 397,396 165,057 CAPITAL & RESERVES Issued & paid-up capital 40,000 40,000 Retained earnings 288,674 633,344 Result for the year (79,111) (344,670) 249,563 328,674 646,959 493,731 REDDY NETHERLANDS B.V. | FINANCIALS | ANNUAL REPORT 2001-2002 307
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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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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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auditors’ report A RAMACHANDRA RA
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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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Page 263 and 264: B - Agreements with Mr Luc Lamiraul
Page 265 and 266: cheminor investments ltd.
Page 267 and 268: auditors’ report A RAMACHANDRA RA
Page 269 and 270: alance sheet | AS AT MARCH 31 Parti
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Page 277 and 278: Acknowledgements The Directors take
Page 279 and 280: annexure to the auditors’ report
Page 281 and 282: profit and loss account | FOR EXPEN
Page 283 and 284: schedules forming part of the profi
Page 285 and 286: schedules forming part of the balan
Page 287 and 288: zenovus biotech pvt. ltd.
Page 289 and 290: auditors’ report A RAMACHANDRA RA
Page 295 and 296: kunshan rotam reddy pharmaceutical
Page 297 and 298: alance sheet | AS AT DECEMBER 31 (R
Page 299 and 300: income statement | FOR THE YEAR END
Page 301 and 302: notes to the financial statements 5
Page 303: eddy netherlands b.v.
Page 307 and 308: general notes GENERAL COMMENTS The
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Page 311 and 312: The remuneration payable by way of
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