parenteral impex limited - pdindia.com · form no. mgt-9 extract of annual return as on financial...

PARENTERAL IMPEX LIMITED Reqd. Off.: 340, LAXMl PLAZA, LAXMl INDUSTRIAL ESTATE, NEW LINK ROAD, ANDHERI (W) MUMBAI 4000 53

ROARIIS' REPORT

To The Mcrilber-s of' I'sr-entc~.al 111lpes I,in~itetl

I'lic Dircctoss o f )our Cornpa~iy are pleased to present tlie 9''' A ~ i ~ l t ~ a l Report together \"it11 the audited fillancia1 statenielit of tlie cornpan! for the financial !ear ended 3 1 " March, 30 15.

During tlie !)car undcs sc\ , icu the C o n ~ p a n y did not carry out an? opera t i~ ig activities.

Tlie Board of Ilirectors express tlicir inability to reco~ii~nend an! Dividend for tlie 1-inancial yea1 i ~ ~ l d e s sevie\v.

[ E c T O R S AND KEY MANAGERIAL PERSONNEL 1 S1ir.i V i ~ ~ o d I<~~niar ( ;~~pta (I>IN:00030 145). [lircctor ol'tlic c o ~ n p a ~ i is liable to retire b! rotalio~l at the for-tlicoming An~iual Ce11er.al Mccti~ig and bei~lp eligible. offers lii~nself for re-appoint~~le~it.

COIVTRACTS AND ARRANGEMENTS WITH RELATE11 PARTIES I

As tlic coliipaliy has not co~nme~iced its business operations, there were no contracts with the ~.clatcd parties d ~ ~ ~ . i n g tlie year under revic~v.

Your Directors dra\\. atte~itio~i of the rnen1bc1.s to Note 13 to tlie financial stateliierit \vllicli sets out ~.clated party clisclosures as pcr AS-1 8.

MIS. T.N. Unni R: Co.. Cliarte~.ed Accountants. Statutory Auditors ol'tlle Company bearing Firm l<egistration No. 004890C. retiring at tlie ensuing Annual General Meeting of [lie Company and p~.uposed to bc re-appoi~ited as [lie statutory auditor of the Coiilpany from tlie conclusion o f the c~isuins A~lntral Cieneral Meeti~ig t i l l the conclusio~i of tlie licxt Arin~ral (;encral Mccting 01' lhc Co~iipan;.

As recluired u~ider section 139 of tlie Colnpa~iies Act. 201 3. the Company lias obtained a written consent finm M!s. T.N. U111li R: Co.. Cll i~t ter~d A ~ c o ~ ~ ~ i t a ~ l t s . to S L I C ~ ~ re-appointment ant1 also a certificate to the effect that their re-appointment. if made. \vould be in accordance wit11 tlie p~.o\tisiclns ol' scctiorl 139(I ) ancl section 14 1 of tlic Companies Act. 201 3 and rulcs made tlieret~~ider. as Ilia!, be applicable.

'l'lic 1-epol-t of the Statutory Auclitors does not contain ally qualificatio~l, reservation or adverse remark or disclailner and the same is self esplanatory and do not call for any fi~rther commcnts froni tlie Board.

As the company lias not co~limenced its business operations. there is no rcquiremcnt of Risk Management i n the colnpanq during tlie )car under revie\\.

Corporate Office- Shree Ganesh Chambers, Navlakha Square, A.B. Road, lndore (M.P)- 452001, CIN- U24239MH2006PLC166419

PARENTERAL IMPEX LIMITED Reqd. Off.: 340, LAXMl PLAZA, LAXMI INDUSTRIAL ESTATE, NEW LINK ROAD, ANDHERI (W) MUMBAI 4000 53

FIXED DEPOSIT L - - --. i

-.I

'l'lic conipan! has not acccptcd deposits during tllc !,car under re\ ie\\ neither covered ~111cle1- Chapter V o f [lie Co~npanies Act, 2013 nor otlicr\\ise. No amount has remained unpaid or unclai~iied as at [lie elid o f tlie year. tlicrefnre. there is no def'ault in repayment o f deposits or payment o f interest thereon during the year undcr revicw.

I l u r i ng the >.car under reLicu. nonc o f the emplo?ees of'the Company was in receipt o f re~ i~unc ra t i on for the year uhich. i n the aggregate. Lvas not lcss than sixty lakh rupees.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EARNINGS & OUTGO

l'a~.ticulars pertaining to tlic Conscr\iation o f Energy. 7'eclinology Absorption and Foreign fisclinngc Earnings & Outgo as prescribed under section 134 of the Cornpanics Act. 701 -3 read \villi tlic (:o~iipanies (Accounls) l i ~ ~ l e s . 30 14. arc not applicable to the conipali!.

- . - . . - . - - - ~~ - - -- -- -- -- . - -- -- - -- - -

1)IKFCTOIIS' IIESI'ONSI HILITY STATEMENT 1 1

I'ursuant to the provisions of section 134 o f the Companies Act, 2013, with respect to the r1irectoi.s' Responsibility Statement, it is hereby confirnled that:

( i ) i l l rlir p1.eparatio11 o f a l ~ n ~ ~ a l accounts I'or tlie ycar ended 31" Ma~,cli. 2015, the applicable Accounting S~andnrds have bee11 fnlloived along \vitli proper cspla~iation relati~ig to niaterial departures:

(i i) the Ilirectors had selected sucli accourlti~lg policies and applied them consistently and ~nade judg~iients and estimates tliat are reasonable and prudent. so as to give a true and fair vie\v o f tlie state o f affairs o f the Company as at thc end o f tlie financial year elided on 3 1 " Varcli. 201 5 and o f tlie profit and loss o f tlie Company Ibr tlie financial year ended 3 1 " March. 20 15:

( i i i ) tlie Dil-ectors habe take11 propcs and sufl?cie~it care for tile ~iiaintena~ice o f adequare accot~nti~ig records in accnrdarlcc ivitli the pro\,isiolis o f the Co~ilpa~lies Act. 30 13, t'or safeguardi~lg tlic assets o f the C'o~iipanj. and Ibr p r c ~ e ~ i t i n g ancl dctccti~ig t 'ra~~d ancl otller i~.rcgularities;

( i \ ) tlie Directors lia\;e prepared the a ~ i ~ i i ~ a l accounts for tlie financial \ear ended 3 1'' M~I-c l l , 20 15 on a going concern basis:

(v) the Dirccto1.s has laid do\v11 i~ i ter~ia l tinancial controls to be follo\.ved by tlie company and that sucli internal controls are adequate and were operating effectively:

( ~ . i ) t l l ~ 1)il.e~tors llad devised proper systems to ensure compliance with the pro\iisions of all applicable la\\,s and that such systems wcre adequate and o l~erat i~ ig eI'fc'ecti\~el~.

Corporate Office- Shree Ganesh Chambers, Navlakha Square, A.B. Road, lndore (M.P)- 452001, CIN- U24239MH2006PLC166419

PARENTERAL IMPEX LIMITED Reqd. Off.: 340, LAXMl PLAZA, LAXMl INDUSTRIAL ESTATE, NEW LINK ROAD, ANDHERI (W) MUMBAI 4000 53

I DISCLOSURES I__ . -- d . .

I. I'liere is no cha~ige in the nature o f business o f tlie colnpany cluring the year under revie\v.

ii. D u ~ . i ~ i g tile year under review. tlie colnpany was not ~.equired to constitute tile Nomination :111d I ~ c I ~ ~ L I I ~ c ~ ~ I ~ ~ o I ~ Committee.

i i i . 'The Board lias establislied Vig i l Mechanism for directors and e~iiplo>,ecs o f tlie colnpali>.. i ~ . . I l u r i ~ l g tllc ).car ~111dcr ~ . c \ i c \ \ . tlicrc arc no ~iiatel-ial cl ia~iges and c o ~ i ~ ~ i i i ~ ~ n e ~ i t s nSli.cting

tlic financial position o f tile company ~v l i i c l i have occurred between the end o f tlie linancial ).ear to \\.liicli tlie finalicial statements relate and tlie date o f report.

v. There lias becti ~ i o significant atid material orders passed by tlie regulators or courts or tr ibu~iit ls impacting tlie going concern status and company's operations in f i~ture.

\ t i . The internal t i ~ i a~ i c i a l controls \\/it11 reference to the f i~iancial statement o f tlie company 211-e adequate and comniensuratc to tlie size o f the compaliy.

.. . ~ I I . T'lic extract of' Anliual Retuni o f the conipan! is annexed lierc\\.itli as Annesure-I to this

report. \,iii. ' l ' l ie I3oar.d of' Directors met six (6 ) t i~nes during tlie financial year 3,014-2015. 'T'he

~ i iax imuni tinic gap bet\\feen two (2) consecutive meetings did not escecd one hundred and twenty days.

is. I lur i r lp tlie year uncles r.evie\\. the Company lias neither given ally guarantee or provided an\. security in connection \vitll a loan to any otlier body corporate 01- person nor invested ally fund in tlie securities o f any otlicr body corporate or extended loan to ally company. I lo\veves. the company lias given loan to a related party.

s. [ I i ~ r i ~ i g tlic ycar ~ ~ l i d e r revie\\:. tlic coml3any had no profits and tl1t.reli~1.e ~ h c coliiparl! t~oci; lot p~.olx)sc [(-I carr!, all). a ~ n o l l ~ i t 10 its rcscr\es.

x i . 'l'he provisions of soction 135 of tlic C'o~i ipa~l ies Act. 301 -3 read \vith Co~npa~i ies (Corporate Social Respc~~isibilit>, Po l i c , ) Rules. 3013 I-elated to Corporate Social Responsibilitj, is riot applicnble as the conipnn! docs not meet the criteria specified therein.

x i i . 7'lie Company lias neither tlie Managing Dircctor nor the Whole-Time Directors on the Doard o f the company \\.llo are in receipt 01' any cum~nission from the company. I-lo\\c\,cr. Mr. ivln~iollar 1,al Gupta (D IN : 00040784). M r . Vi l iod I<uniar Gupta (00039IJ5) and V r . G o v i ~ l d Das Garg (0057,0067). No~i-executi\:e Di~.ectc>rs o f the colnl,ali! recci\,es ~.e~nuncration from Parente~.al Drugs (Inclia) Limited, Holding conipan'.

si i i . l)uring tlie year i~ncler ~.ebie\\'. tlie company \\)as not required to appoint ally Independent I1i1-ector so tlicrc \\,as no secli~irement o f disclosure under tlie provisions o f section 149 o f the Companies Act, 30 13.

s iv. As reported by tile statuto~y auditor o f the cornpan).. tlicre are 110 such rrauds other t l i a~ i those \ \~hicI i ase reportable to Ccntral Government under section 143( 13,) of tllc

('ompanics Act. 30 13. x v . 'l'hc company is nor recluircd to gi\:e all!, disclosure uncler [lie provisiorls of' sub-sectio~l

( 3 ) ol'section 67 of tlle Co~iipanies Act. 201 3. sv i .No cases o f sexual I iarass~iie~lt were reported in tlic last I i ~ ~ a n c i a l year. svi i . The companq lias neither any subsidiary compaliy nor SV or- Associate co~npanies and

l ic~ ice neither any company llas beconie or ceased to be subsidiary, Joint Venture or Associate company o f the compa~iy during tlie year uncler review and tlius, no reporting is 1.ec1~1ircd o ~ i their performance. I-lo\vcver. the company is a whol ly ow~ ied subsidiary o f

I'aretlteral Drugs ( I~ id i :~) I,iniilcd, Holdins cornpall!.

Corporate Office- Shree Ganesh Chambers, Navlakha Square, A.B. Road, IndoreCMLP)-~ - - - - - - - - -

PARENTERAL IMPEX LIMITED Reqd. Off.: 340, LAXMl PLAZA, LAXMl INDUSTRIAL ESTATE, NEW LINK ROAD. ANDHERI (W) MUMBAI 4000 53

1 ACKNOWLEDGEMENTS

'Tlie Directol-s ~ \ l o u l d l i ke to espress thei r appreciat ion for rhe assistance and co-oper-ation received fro111 Bankers. Ciovs~.nl i icnt aurhorities. custoniers. aritl v e ~ i d o r s d u r i n g t l ie year. Y o u r I l i r c c t o r s a lso \visl i to place o n record t l l c i r deep sense o f appreciat ion f o r t l ie commi t t ed scrvices of Escculi\;es. S l a f f and \'vorkers o f the Con ipanp.

FOB AND ON BEHALF OF T H E BOARD

f Vinotl Kurnar Gupta Govintl Das Garg i

I)ircctor Director' ( D I N : 00039145) (DIN: 00520067)

Corporate Office- Shree Ganesh Chambers, Navlakha Square, A.B. Road, lndore (M.P)- - - - - - - - - - -45?00+, €W- H242-39MK2606PLCt66419 - - - - - - - - - - - - - - -

FORM NO. MGT-9 EXTRACT OF A N N U A L RETURN

As on financial yeat- ended on 31.03.2015

[Pursuant to Sectiorl92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 20141

I. REGISTRATION & OTHER DETAILS:

li!:: Registratio11 L ~ I C 1 2 11 171'7006 4 - -- - - - -

Name o l '~ l i e Cnriipany I1a~.e~itcraI Inipes I.imited I CategoryiSub-catcgol-y of Cornpall>, 1.-imitcd by sliaresllndian Non-Gover~ime~it Company

Transfer Agent. if any. [--_I 1 P

.

11. PKINCII'AL BUSINESS ACTIVITIES O F THE COMPANY (All the business activities contributing 10 O/o or- more of t h e total tu rnover of t h e company shall be s t a ted)

F ~ o T ~ a r n e andDescr ip t ion of main / NIC Code of the 1 % to total turriaver of the]

Address of the Registered office & contact details

340, I,axrni Plaza, Laxmi Industrial Estate. New Link Road. Andlieri (W). Mumbai. Maharashtra- 400 053

i Wlietlier listed c o l n p a l i i y

Name, ~ d d ~ & s & contact details of the Iiegistrar 8:

I plodllcr~ I

_ _ -- activities dur ing t h e year . i -1 1 1

I'h. N o . 072-6 1 725900- 1

I-;I\ N o . 013-2633; 70.7

I'niail Id : - cs.pdpllri'lpdirldia.co~ii -

No Not Applicable

1 I 1 r o t / services , P r o d ~ ~ c t / s e r v i c e - -

; ' l radi~ig of I'harmaccut~cals 6870

111. PARTICULARS OF tIOLDING, SUBSIDIARY AND ASSOCIATE COMI'ANIES -

cortipany

T h e Company has no t rading I

- ..--r--.p----..- ..r-. -. .- .-- -- - . -- - .- 7.-... - '-.

1s. N O . N A M E AND ADDIXESS O F I CIN/CLN HOLDING/ OF i APPLICARILEi THE COMPANY ! I SUBSIDIARY SHARES SECTION

I I I I

/ HELD i I ! I A S S O C I A T E ' i I

-- - - ------ - !

~ -----4 1 Parenteral Drugs (India) I L99999MH1983PLC126481 Holdi~ig 1 100 1 , 2(87) (i) & (ii) ,

I

~ i m i t e d I

I I I !

1 )340, Laxmi Plaza, I

! I I 1

/\,axmi 1ndus11-ial E s ~ a t c , I I 1 I I

New Idink Road, Andher-i (W) , I 1 1 1 ~ u m l ) a i - 400 053

~ 1.- I ! J

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup a s percentage of Total Equity)

i) Category-wise Share Holding

Category of Shareholder s

A. Promoters (1) Indian

HUF b) Central Govt c) State Govt(s) d) Bodies Corp. e) Banks / F1 fl Any other .... 1 Sub total (AI(1):-

(2) Foreign

(a)NRls- Individuals 1

No. of Shares held a t the beginning of the year

Demat

Oi0

Chang durinl the year

No. of Shares held a t the end of the year

Physical Demat

0 1

0

0

0

I

0

0

0

0

0

0

50,000

I

0

0 0

0

0

0

0

0

100.00

0

0 0

0

0

0

0

0

0

0

0 0

- - 1)

1 (b) Other- Individuals c) Bodies Corp. d ) Banks/ FI

e) Any other .....

Sub-total (A) (2):- Total Shareholdin

j K m o t e r s

0

0

0

0

0

0

0

0

50,000

0

0 0

----

0

0

0

0

0

50,000

0

0 0

---Q----+---

0

0

0

0

0

0

0

0 0

*----TI -

r l d p 0.12

0

0

Total

I

Physical

0

0

0

49940 1

0

0

50,000

0

99.88 i

0

0

100.00

0

(A) = (A)(l)+ (A) (2) 8. Public Shareholdin

g 1. Institutions a) Mutual Funds b) Banks / FI c) Central Govt d j State

O/o of Total Shares

ppp

*60

0

0

49940

0

0

50,000

0

49940

0

0

50,000

0

0

0

0

0

0

0

0

Total

*60

0

0

O/O of Total Shares

*60

0

0

*60

0

0

49940

0

0

50,000

0

0

0

0.12

0

0

-

-

-

-

---

99.88

0

0 1 100.00

0

O I 0

- -

.- -

0 1

0

50,000

0

0 0

3

0 !

0

1 0 0 . 0 0 ~ ~

0

0 0

- ----

-- 0

,

Govt(s] e) Venture Capital Funds f) Insurance Cornpanies g) FlIs

0

0

0

shareholders holding nominal share capital in excess of Rs. 1 lalth c) Others (specify] (i) Non Resident Indians (Repat)

(ii) Non Resident Indians (Non Repat)

(iii) Clearing Member

(iv) Directors / Relatives

(v) Trusts

Sub- total (B) (2) :-

Total Public Shareholdin

----------

0

0

0

0

0

0

0

-

0

0

I

0

0

0

0

0

0

0

0 0

0

0

0 0

0

0

0

0

i

0

1 0

0

0 0

O 1

0

h) Foreign Venture Capital Funds i) Others (specify) Sub-total (B)( l ) : - 2. Non- Institutions a) Bodies Corp. i) Indian ii) Overseas b) Individuals

0

0

0

i) Individual shareholders holding nominal share capital i ~ p t o Rs. 1 lalth

0

0

0

0 0

0

0

0

0

'

0

0

0

ii) Individual

0

0

0

0 0

O !

0

0

0

0

0

0

0

0

-----

0

0

0

0

0

---

0

0

0

0

0

0

0

0

---

0

0

0

0 0

o 1

0

0

0

0

0

0

0

0

- - - - -

0

0

0 0

0

0

0 0

0

0

0

0

O I

I 0

0

0

0

0

0

0

- - - - -

0

0

0

0

0

0 0

0

0

0 0

0

0

0

0

0

0 0

0

0

0

0

0

- - - -

0 .

- - -

*Held by nominee shareholders on behalf of Parenteral Drugs (India) Limited, Holding Company.

(1) + (B) (2)

C. Shares held by Custodian for CDRs & ADRs

I Grand Total L(A+B+c)

i i ) Shareholding of Promoters

0

N

0

0.

I

Shareholder's Name

1 Limited 2. *Shri

1 Ma~iaharlal

0

0

Parenteral Drugs (India)

3.

4.

100.00

Shareholding at the beginning of the year

10

7.

1 / At the beginning of the year I

0

50,000

Gupta *SShri Vinod Kuniar Gupta *Shri Abhay

*Held by nominee shareholders on behalf of Parenteral Drugs (India) Limited, Holding Company. i i i ) Change in Promoters' Shareholding (please specify, i f there i s no change)

Date wise Increase / Decrease in There is no change in Promoters' Shareholding between 01.04.2014 to

31.03.2015

50,000

Shareholding at the end of the year

No. of Shares

49940

0.02

Gupta *Snit. Alpanii Gupta Total

increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):

0

100.00 0

'YO change in shareholdin!

10

10

SI .

No.

' A t the end of the year I I !

during the year '%) of total

Shares of the

company

99.88

No. of Shares

49940

0

10

50000

Cumulative Shareholding during

the year

0

50,000

'%, o f Shares

Pletlgcd / encumber etl to total

shares 0

0.02

0.02

Shareholding at the beginning of

the year

No. of shares

50,000

'%) of total

Sharcs of the

company

99.88

10

0.02

100.00

No. of

shares

% of total shares of the company

0

(%)of Shares

Pledgctl / encumber ed to total

shares 0

0

0

% of total shares of the company

-- 0 1

ppp

0.02

0

0

10

10

0

10

50000

-

0.02

0.02

0.02

100.00

o

0 I

0

0 I

iv) Shareholding Pattern of top ten Shareholders (Other than Directors, Promoters and Holders of GDRs and ADRs):

V) Shareholding of Directors and Key Managerial Personnel:

s I . No.

1.

Mr. Manohar Lal Gupta

For Each of the Top 10

Shareholders

For each of the Directors and KMP

Reason At the end of the year

Not Applicable, as the companj is having no sha~~eliolder in th is category.

No. Of shares

Shareholding a t the beginning of the year

Shareholding a t the beginning of the year

O/o of . total shares of the company

0.02

Date

No, of shares

Date

No. Of shares

O/O of total shares of the company

Increase/ Decrease in Shareholding

O/O of total shares of the company

* Director till 2 9 t h April, 2014

Increase/ Decrease in Shareholding

Mr. Vinod Kurnar Gupta

Mr. Govind Das Garg

V. INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not due for payment.

(Amount in Rs.) Secured (

Reason

'Mr . Dilip N I L N I L - N I L NIL,

Cul-~lnath Narwate I

1 0

N I L

Cumulative Shareholding during the year

0.02

N I L

Loans excluding

1 nf the financial vear 1 1 1 1

No. of shares

Indebtedness a t the beginning - - -..- ....-..-- -.~- J - - - ~

! i j Prinrinal A m n ~ ~ n t I I I

0 1 9413837 / 0 1 9413837

-

D/o of tota shares ol the cornpanj

-

-

Unsecured Loans

deposits

., . . '''-'r-" - 1 I 1 1

i i ) Interest due but not p a i d p i - - - -04 - - - - - - 0 - -

---

- 8 - - - - - 6 -

10

NIL

Deposits

0.02

N I L

Total Indebtedness

i i i ) Interest accrued but not due

Total (i+ii+iii) Change in Indebtedness during

1 * Reduction

the financial year

* Addition

0

0

1 financial year

0

Net Change Indebtedness at the end of the

0 9413837

iii) Interest accrued but not due

137500

0

i) Principal Amount 1 0 i i ) Interest due but not paid I 0

0 0

VI. REMUNERATION O F DIRECTORS AND KEY MANAGERIAL PERSONNEL- A. Remuneration to Managing Director, Whole-Time Directors and/or Manager:

0

9413837

0

137500

9551337 0

Total (i+ii+iii)

137500

0 1 9551337 0 1 0

0

0

SN.

1

137500

1

1 (b) Value of perquisites u/s 1

9551337

Particulars of Remuneration

Gross salarv

contained in section 17(1) of the Income-tax Act, 1961

17(2) Incon~e-tax Act, 1961 (c) Profits in lieu of salary under

section 17(3) Income- tax Act,

Name of MD/WTD/ Manager / Total Amount The Cotnuany has only Non-Executive Directors on its Board and

(a) Salary as per provisions Manager appointed by the Company.

1 ; 1 Stock Option 1 Sweat Equity

Commission

0

. - there a re no Managing Director, Whole-Time Director and /or

I 1 - as % of profit I

9551337

Total (A) Ceiling as per the Act Not Applicable

B. Remuneration to other directors:

SN. Particulars of Remuneration

Name of Directors

/ / committee meetings 1 The company has neither paid any fees for attending board -o r

Total Amount

1 Independent Directors

Fee for attending board

I 1 Commission

It was not required to appoint Independent Director on the Board of the Conlpany pursuant to the provisions of the Companies Act, 2013. Also,

committee meetings nor any commission to the Non-Executive Directors

Others, please specify Total [I)

1 1 Directors 1

I of the Company during the financial year 01.04.2014 to 31.03.2015.

I . ,

1 I Fee for attending board 1

2 Other Non-Executive

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD:

Remuneration Overall Ceiling as per the Act

SN / Particulars of I Key Managerial Personr~el

Not Applicable

1 Reniuneration CEO I CS I CFO 1 Total

1 Gross salary

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 196 1 (b) Value of perq~lisites

1 1961 , U/S 17(2) Income-tax Act,

2 I I I I I

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 196 1 Stock Option

3 1 Sweat Equity

4

5

I

Commission -as % of profit -others, specify.. . Others, please specify Total

VII. PENALTIES

A. COMPANY

/ PUNISHMENT/ COMPOUNDING O F OFFENCES: Authority [RD / NCLT/ COURT]

Section of the Companies Act

Appeal made, if any (give Details)

I Penalty I - I - I - I - I - I

Brief Description

Details of Penalty / Punishment/ Compounding fees imposed

Penalty

Punishment

Compounding

1 Punishment [

- I I

Compounding

C. OTHER OFFICERS IN DEFAULT

B. DIRECTORS

Punishment

Compounding

T.N. UNNl & Co. CHARTERED ACCOUNTANTS

402, Alankar Point 4-A, Rajgarh Kothi

Geetha Bhawan Square, A.B. Road, INDORE - 452 001

INDEPENDENT AUDITORS REPORT

TO THE MEMBERS OF PARENTERAL IMPEX LIMITED

REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying financial statements of Parenteral lmpex Limited ("the Company"), which comprise the Balance Sheet as at March 31, 201 5, the Profit and Loss Statement, the Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information.

MANAGEMENTS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 201 3 ("the Act") with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement. whether due to fraud or error.

AUDITORS' RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and pcriulllt ir~c UUQII IO oulaln reasonaale assurance about whether the financial statements are free from material misstatements.




An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Company's directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

OPINION

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,201 5, and its loss and its cash flows for the year ended on that date.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the Companies (Auditor's Report) Order, 201 5 ("the Order") issued by the Government of India in terms of the Sub Section (1 1) of Section 143 of the Act we give the Annexure a statement on the matters specified in paras 3 and 4 of the Order, to the extent and as applicable.

2. As required by Section 143(3) of the Act, we report that;

a) We have sought and obtained all the information and explanations which to the best of or knowledge and belief were necessary for the purposes of our audit;

b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

c) The Balance Sheet, the Profit and Loss Statement, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account;

T.N. UNNl & Co. CHARTEREDACCOUNTANTS



d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

e) On the basis of the written representations received from the directors as on March 31, 2015, taken on record by the Board of Directors, none of the directors is disqualified as on March 31,2015, from being appointed as a director in terms of Section 164 (2) of the Act; and

f) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements as referred to in Note 23 to the financial statements;

ii. The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, and as required on long-term contracts including derivative contracts; and

iii. The point regarding delay in transferring any amounts to the Investor Education and Protection Fund is not applicable to the Company.

For T.N. Unni & Co Chartered Accountants

Place : lndore Date : 2gth ~ a y 201 5

No.

T.N. Unni (Partner)

M.M.No. 014520




Annexure to the Independent Auditor's Report

The Annexure referred to in our independent Auditor's Report to the members of the Company on the Statements for the year ended March 31, 201 5, we report that :

(i) The Company does not have any fixed assets.

(ii) The Company has no trading activities during the year.

(iii) The Company has not granted loans to corporate covered in the register maintained under section 189 of the Companies Ad, 2013 ("the Act")

(iv) In our opinion and according to the information and explanation given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business with regard to purchase of fixed assets and sale of services. The activities of the Company do not involve purchase of inventory and the sale of goods. We have not observed any major weakness in the internal control system during the course of the audit.

(v) The Company has not accepted any deposits from the public.

(vi) Maintenance and cost audit of cost records has not been prescribed for the products of the company by the Central Government, under Section 148 (1) of the Companies Act, 2013

(vii) According to the information and explanation given to us and on the basis of our examination of the records of the Company, amounts deductedlaccrued in the books of account in respect of undisputed statutory dues including provident fund, income tax, sales tax, wealth tax, service tax, duty of customs, value added tax, cess and other material statutory dues have been regularly deposited during the year by the Company with the appropriate authorities.

According to the information and explanation given to us, no undisputed amounts payable in respect of provident fund, income tax, sales tax, wealth tax, service tax, duty of customs, value added tax, cess and other material statutory dues were in arrears as at 31 March 2015 for a period of more than six months from the date of they became payable.

(viii) The Company has neither has accumulated losses as at March 31, 2015 nor has incurred any cash losses during the financial year ended on that date or in the immediately preceding financial year. -

,+;{m?\., " >.. '. PH.:OFF.4060787 R E S I . 2 5 5 2 9 8 4 T E L E F A X : 2 4 9 3 5 5 5 ;it;; - _ -. ,.. . ,. .

,!,?- , '- ' ., ,.A' . \'!

T.N. UNNl & Co. CHARTEREDACCOUNTANTS



(ix) On the basis of information and explanation given by the Management in our opinion that the Company has not availed any borrowing from banks.

(x) The Company has not given any Guarantee for loans taken by others from banks or financial institutions.

(xi) The Company has not availed any fresh term loan during the current financial year 2014-1 5.

(xii) According to the information and explanations given to us and the examination of the records we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of any such case by the Management.

For T.N. Unni & Co Chartered Accountants

Firm Renn. No. 004890C

Place : lndore Date : 2gth May 201 5

, . --/,' . T.N.Unni 1%- (Partner)

. - Parentera1 Impex Limited Mumbai

,.

BALANCE SHEET AS AT 31ST MARCH, 2015 (Amount in INR)

As at 31st March 2014

500,000

9,413,837

1,717 60,610

9,976,164

1,485,610 8,413,982

76,572

9,976,164

Referred t o in our Report of even date FOR T. N. UNNl & CO. FOR PARENTERAL IMPEX LIMITED CHARTERED ACCOUN~.A~ZS- Firm Regn No. 0048$0C, 1 - -, "

r , \ 7.i ($6- 1 - ,.kjI - - \ , A . ., - . -../ ./ 7 ( 0 .-r,'Lk

T. N. Unni .-< ., -,: ,, V.K. Gupta - G. D. ~ Q r g w -

(Partner] - .- Director Director Membership No. : 014520 DIN 00039145 DIN 00520067

lndore Dated ! 29th May 2015


500,000

9,551,337

4,186 2,500

10,058,023

1,550,000 8,438,930

69,093

10,058,023

Part iculars

I. EQUITY AND LIABILITIES

J1) Shareholder's Funds Share Capital

12) Non-Current Liabilities Long-Term Borrowings

J31 Current Liabilities

(a) Trade Payables (b) Other Current Liabilities

Total Equity & Liabilities

II.ASSETS

J1) Non-Current Assets (a) Long term loans and advances (b) Other non-current assets

12) Current Assets Cash and cash equivalents

Total Assets Significant Accounting Policies & Notes on Financial Statement

Note No.

2

3

4 5

6 7

8

1 to 13

Parenteral lmpex Limited Cash Flow Statement for the year ended on 31st March 2015

A - CASH FLOW FROM OPERATING ACTIVITIES :

Net profit/loss before tax and extra-ordinary items

adjustment for : 1. Depreciation 2. InterestIDividend

Operating profit before working capital change

adjustment for :

1. Trade and other receivable 3. Trade and other Payable

Cash Generated from Operation

1. Interest Paid 2. Direct Taxes Paid

Cash Flow Before Extraordinary items

Extra ordinary Items

Net cash from operating activities ..... A

B - CASH FLOW FROM INVESTING ACTIVITIES :

Misc. Exp.

Net Cash used in investing activities .... B

C - CASH FLOW FROM FINANCING AtrlVlTlES :

Proceeds from long term borrowings

Net Cash from Financing Activities .... C

Net increase/decrease in Cash & Cash equivalents (A+B+C)

Opening Cash and Cash equivalents Balances

Closing Cash and Cash equivalents Balances

FOR T. N. UNNl & CO. FOR PARENTERAL IMPEX LIMITED CHARTERED ACCOUNTANTS Firm Regn No. 004890C ,.:z\

/, . - . . I ! .. X.'

;: . ,.. * . . " ..\~

j ' 7.':: l . . >.p..-r

L C V.K. Gupta G. D C G ~

(Parlner) Director Director DIN 00039145 DIN 00520067

lndore .. . . Dated : 29th May 2015

2014-15

164,390 -55,641

-120,031

(Amount i n INR) 2013-14

283,627 -58,782

224,845

Parenteral lmpex Limited Mumbai

Notes Forming Integral Part of the Balance Sheet as at 31St March, 2015 Note : 1 Significant Accounting Policies

l ~ a s i s of Prepartation of Financial Statement The Financial Statements are prepared at historical costs convention on the basis of going concern in accordance with the generally accepted accounting principles in India and the provision of the Companies Act, 2013. Figures for the previous year have been re-grouped and rearranged wherever considered necessary . Figures in bracket are represent corresponding previous year unless otherwise stated.

Depreciation and amortisation As there are no Fixed Assets ,no provision for deprication has been made.

Recognition of Revenue and Expenditure The Company has commence its business, hence all expenditure incurred are clubbed In pre-operative

I a 153,000 (50,000) Equity Shares of Rs. 10 each I 500,000 1 500,000 1

Note : 2 Share Capital

2 Issued, Subscribed & Paid UD Caoital lfullv oaidl a 50,000 (50,000) Equity Shares of Rs. 10 each

Sr. No

1

Particulars

Authorized Share Caoital

a

Issued during the year Outstanding at the end of the year

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets o f the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.


Reconciliation of Shares outstanding a t the beginning and atthe end of the year

I 50,000 1 50,000

- b

i


Equity Shares

At the Beginning of the year

Terms / Rights Attached to Shares Equitv Shares The Company has only one class of equity shares having a par value of Rs. lo/-. Each holder of equity share Is entitled to one vote per shares. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

31.03.2015 Nos.

50,000

31.03.2014 Nos.

50,000

31.03.2014 Nos.

50,000

31.03.2015 Nos.

50,000

c

d

Note : 3 Long Term Borrowings

Shares held by Hokling Company (100% subsidiary)

Equity Shares

31.03.2015 Nos.

50,000

Name of Shareholders holding more than 5% shares o f the Company

- Equity Shares - Parenteral Drugs (India) Limited

31.03.2014 Nos.

50,000

Sr. No

. . .;, , \... :, . . ,- -*.-,. ,',' , ' .' .:',

x ..d


9,551,337

9,551,337

Particulars

Unsecured Loans &Advances From Related Parties

Total


9,413,837

9,413,837


Notes Forming lntegral Part of the Balance Sheet as at 31St March, 2015

Note : 4 Trade Payable

Disclosure as per Micro, Small and Medium Enterprises Development Act, 2006 On the basis of information available, there are no outstanding dues in excess of Rs. 1.00 lac each payable to 5x1 units for more than 30 days in so far as they could be identified as per Micro, Small and Medium

Others


, Particulars

Micro, Small & Medium EnterKIirSes 4,186 1 1,717

l ~ r i n c i ~ a l amount & interest due and remaining unpaid I


Total I 4,186 1 1,717

Enterprises Development Act, 2006.

1 lnterest paid I

Particulars

Payment made beyond the appointed day during the year lnterest due and payable for the period of delay


lnterest accrued and remaining unpaid Amount of further interest remaining due and payable in succeeding year


*Since paid

Note : 5 Other Current Liabilities

Sr. No

Note : 6 Long Term Loans and Advances

Particulars

Sr. No

1 2

Long Term Loans and Advances (Unsecured, Considered Good) Security Deposit Loans &Advances due from Directors/Related Private Companles

Note : 7 Other Non Current Assets


Particulars

Sr. No

1

2


Preliminary Expenses (To the extent not written off or adjusted) Pre-operative Expenses (To the extent not written off or adjusted)

Note : 8 Cash & cash equivalents


Particulars

Sr. No

1

2



* .

Particulars

Balance with Bank Cash on Hand

Total



16,184 52,909

69,093


16,632 59,940

76,572


Notes Forming Integral Part of the Balance Sheet as at 31St March, 2015

Referred to In our Report of even date FOR T. N. UNNl & CO.

Note 9 ]contingent liabilities and commitments : There is no contingent liabitlies and commitments as at the end of the year.

Firm Regn No. 004890C

Note 10

T. N. Unni

(Partner)

In the opinion of the Board of Directors of the Company the Current Assets, Loan &Advances have

a value on realisation in the ordinary course of business at least equal t o the amount a t which they are stated

and provision for all known liabilities are adequate and not in excess of the amount reasonably necessary.

/' i

k->

V.K. Gupta

Director

Note 11 :Auditors Remuneration

FOR PARENTERAL IMPEX LIMITED

Particulars

Audit Fees

Total

Membership No. : 014520 DIN 00039145 DIN 0052006i

lndore

Dated : 29th May 2015


1,686

1,686

As a t 31st March 2014

1,686

1,686

Note 12 I Segmental Reporting

The Company is principally engaged in the business of pharmaceutical. Accordingly there are no segments as per

Accounting Standard 17 "Segmental Reporting" issued by the Institute of Chartered Accountants of India.

Note 13 : Related Party Disclosures (a) Holding Company

Parenteral Drugs (India) Limited (b) Other related party relationship where transactions have taken place during the year

Enterprises over which Kev Managerial Personnel exercise si~nificant influence Mahangapati Investments Private Limited

(c) Summary of Related Party Transactions

a)

b)

Particulars

Transaction Unsecured loan recd

Outstanding Balances as on 31st March 2015

Key Management Personnel

Holding Company

(503,237)

Enterprises controlled by key

management/ relatives 137,500

(3,458,837)

9,551,337 (9,413,387)

parenteral impex limited - pdindia.com · form no. mgt-9 extract of annual return as on financial...

Documents