Examples of NBZ in a sentence
Pursuant to the terms of the NBZ Product Transfer Agreement, NBZ has agreed to transfer to AIPL NBZ’s rights and obligations with respect to manufacturing agreements with selected customers and also right to manufacture and sell these products.
A direct ownership by the existing share holders of KDL & NBZ does not exist in the carved-out business, Shareholder’s Funds comprising of ‘Share Capital’ and ‘Reserves and Surplus’ of the acquired business have not been considered for the purpose of these carved-out financial statements.
The carved-out financial statements have been carved-out/extracted from the books of accounts of KDL & NBZ for the nine month period ended December 31, 2011 using the principle assumptions for identification of assets and liabilities of the division, allocations of revenue and cost of the division and other adjustments taken by management of the carved-out business.
In accordance with terms contained in the BTA, AIPL also closed on a related Product Transfer Agreement between the Company and NBZ.
However, since the financial statements of the acquired business represented the majority of the operations of KDIL, and since only limited assets were acquired from NBZ, it was determined that full financial statements of the carved-out business could be prepared.The Carved-out Financial Statements – audited by S.
The "carved-out financial statements" have been prepared for the "carved-out business" acquired by AIPL, from KDL & NBZ.
The "carved-out business" represents business acquired by AIPL (as mentioned above) consisting of a manufacturing unit at Paonta Sahib, Himachal Pradesh in India, along with the right to manufacture and sell certain hormones products of Mumbai unit of KDL and certain hormones products of NBZ.
Cash flow for Mumbai division of KDL & for NBZ, where only products are acquired, is calculated based on the profits earned from these products sold after considering inventory movements.
Head Office Account The Direct investment by KDL & NBZ in the carved-out business is accounted for as “Head Office Account” in Note 4 to the carved-out financial statements.
For products acquired for Mumbai unit of KDL and for NBZ where underlying fixed assets are not acquired, depreciation is allocated between products taken over and other products on the basis of sales.