| 1.1 Accounting Standard (AS-17) "Segment Reporting":
The Company has identified business segments as its primary segment.
Business segments are primarily Healthcare and Fine Chemicals Revenues
and expenses directly attributable to segments are reported under each
reportable segment. Expenses which are not directly identifiable to
each reportable segment have been allocated on the basis of associated
revenues of the segment and manpower efforts. All other expenses which
are not attributable to segments have been disclosed as unallocable
expenses. Assets and liabilities that are directly attributable or
allocable to segments are disclosed under each reportable segment. All
other assets and liabilities are discolosed as unallocable. Fixed
assets that are used interchangeably amongst segments are not allocated
to primary segments.
1.2 Accounting Standard ( As-18) " Related Party Disclosures":
a) Entities in which the Company has substantial Interest Emmessar
Technologies Limited
b) Key Management Personnel and their relatives
i) MSR Ayyangar - Managing Director
ii) Dr. Anuradha Raghavan - Daughter of MSR Ayyangar
iii) Dr. Sarada Raghavan - Daughter of MSR Ayyangar
1.3 Due to/ from parties are subject to confirmation.
1.4 In the opinion of the Board all the current Assets, Loans and
Advances deposits are realisable at value stated in ordinary course of
business which are atleast equal to the amount at which they are stated
in the books unless otherwise stated.
1.5 As no dividend has been declared during the current year as well
as previous year, the Company has not remitted any dividend in foreign
currency to its non resident shareholders during the current year as
well as previous year
1.6 The company is in the proces of evaluating various business
opportunities within the pharmaceutical and health care industry. These
business plans when implemented will have positive impact on the
financial performance and absorb all the lossess. Accordingly, the
company is of the view that going concern assumption is not affected.
1.7 Previous year figures have been regrouped/ reclassified to
correspond with the curent year classification \ disclosure
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