1 GENERAL INFORMATION
BDH INDUSTRIES LIMITED is a public limited company, incorporated in 1990 under the Companies Act, 1956 having its registered office in Mumbai. The company is engaged in manufacturing of therapeutic formulations covering wide range of pharmaceuticals. Its shares are listed on the Bombay Stock Exchange. The company caters to both domestic as well as international market.
a) Terms and Rights attached to Equity Shares :
The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets after discharging all liabilities of the Company, in proportion to their shareholding.
Notes
i) FBC / EBP / EBD is secured by Export Bills Sent for Collections / Purchased and Discounted.
ii) Letter of Credit is secured by goods purchased thereunder.
iii) Overdraft is secured by Book Debts of the company.
iv) Packing Credit and Cash Credit is secured by Hypothecation of Stock
Note No. 2 :
i) Disclosure as required by Ind AS 108 “Segment Reporting” of the Companies (Indian Accounting Standards) Rules, 2015
Based on the “management approach” as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance In accordance with Ind AS “Operating Segment”, the Company has only one reportable operating segment i.e. Pharmaceuticals.
ii) Disclosure in accordance with Ind AS - 19 “Employee Benefits”, of the Companies (Indian Accounting Standards) Rules, 2015.
The company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The Company makes annual contributions to BDH Industries Limited Employees’ Group Gratuity Cash Accumulation Scheme of LIC, a funded defined benefit plan for qualifying employees.
The following table summarizes the components of net benefit expense recognized in the Statement of Profit and Loss and the funded status and amounts recognized in the balance sheet.
iii) Disclosure as required by Ind AS 24 “Related Parties” of the Companies (Indian Accounting Standards) Rules, 2015
a) Directors and Key Management Personnels
Ms. Jayashree Nair (Chairperson and Managing Director)
Mr. S.C.Kachhara (Joint Managing Director / CFO)
Ms. Karthika Nair (Non-Executive Director)
Mr. Bhagirath Singh (Independent Director)
Mr. A. V. Menon (Independent Director)
Dr. Dinesh Variar (Independent Director)
b) Relatives of Directors and Key Management Personnels
Name of Related Party Mr. G.L.Kachhara Mr. Ankit Kachhara
c) Others
Karthika Nair Smarak Samithi
vi) DIVIDEND
The Board of Directors at its meeting held on May 29, 2018 has recommended a dividend of Rs. 2.25 per equity share for the year ended March 31, 2018. The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.
v) Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification disclosure.
Signature to Note No.1 to 25 of financial statements.
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