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NOTES TO ACCOUNTS

Generic Pharmasec Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 362.16 Cr. P/BV 17.67 Book Value (₹) 0.95
52 Week High/Low (₹) 17/4 FV/ML 1/1 P/E(X) 7,952.38
Bookclosure 12/04/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2018-03 

(I) Terms/ right attached to Equity Shares

The Company has only one Class of equity shares having par value of Rs.10 per Shares. Each holder of Equity Shares is entitled to one vote per share. In the event of liquidation of the company, the holders of equity share will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(III) Reduction ofpaid up capitalfrom Rs. 6,51,97,000/to Rs.32,59,850/dividedinto 3,25,985 Equity shares of Rs. 10/each by cancelling 61,93,715 equity shares of Rs. 10/each which is lost or unrepresented by the available assets, vide the order dated 17.06.2016passed by The Honorable High Court of Gujra tat Ahmedabad *Disclosure in relation to Micro and Small enterprises 'Suppliers' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 ('Act').

The Ministry of Micro, Small and Medium Enterprises has issued an Office Memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with their customers the Entrepreneurs Memorandum Number as allocated after filing of the said Memorandum. Accordingly, the disclosures above in respect of the amounts payable to such enterprises as at the period end has been made based on information received and available with the Company.

As explained by management there is no outstanding balance related to Micro and Small enterprises 'Suppliers' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 ('Act') as at year end

Note No: 1 Earnings per share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the company by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the company by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.

The following data reflects the inputs to calculation of basic and diluted EPS.

NOTE NO. : 2 Exemptions applied

Ind AS 101 allows first-time adopters certain exemptions from the retrospective application of certain requirements under Ind AS. The Company has applied the following exemptions:

Since there is no change in the functional currency, the company has elected to continue with the carrying value measured under the previous GAAP and use that carrying values as the deemed cost for property, plant and equipment on the transition date.

Ind AS 101 permits a first time adopter to elect to continue with the carrying value for all of its property, plant and equipment as recognised in the financial statements a as at the date of transition to Ind AS, measured as per previous GAAP and use that as its deemed cost as at the date of transition. Accordingly, the Group has elected to measure all of property, plant and equipment at the previous GAAP carrying value.

Note 3:

Some of the balances of current trade payables are subject to confirmation and reconciliation of any.

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