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Apap effects hydrocodone side

Until such time that we receive registered trademarks, we can only seek relief against "passing off' by other entities. Accordingly, we may be required to invest significant resources in developing a new brand. Furthermore, the intellectual property protection obtained by us apap effects hydrocodone side may be inadequate, we may be unable to detect any unauthorized use and we may need to undertake expensive and time-consuming litigation to protect our intellectual property rights and this may have an adverse effect on our business, prospects, results of operations and financial condition. 41.We are subject to risks arising from exchange and/or interest rate fluctuations, which could adversely affect our business, prospects, results of operations and financial condition. Although our functional currency is, and our accounts are prepared in, Indian Rupees, we transact a significant portion of our business in several other currencies. Approximately 42.8% and 34.4% of our revenue from operations in fiscal 2012 and fiscal 2011, respectively, were derived from exports.

Substantially all of our non-Indian sales income is denominated in foreign currencies, primarily in U.S. Further, we continue to incur apap effects hydrocodone side a significant amount exp pharms tramadol shtml of non-Rupee indebtedness in the form of external commercial borrowings and packing credit, which creates foreign currency exposure in respect of our cash flows and ability to service such debt.

As of March 31, 2011, our total non-Rupee indebtedness was ' 4,075.6 million as compared to our total Rupee indebtedness of ' 9,722.5 million. As of March 31, 2012, our total non-Rupee indebtedness was ' 5,266.4 million as compared to our total Rupee indebtedness of ' 11,661.7 million. Further, as of December 31, 2012, our total non- Rupee indebtedness was ' 5,038.1 million as compared to our total Rupee indebtedness of ' 8,577.1 million. Our net worth as of March 31, 2012 and December 31, 2012 was ' 13,037.1 million and ' 16,746.5 million, respectively. Our exchange rate risk apap effects hydrocodone side primarily arises from our foreign currency revenues, costs and other foreign currency assets and liabilities to the extent that there is no natural hedge. While from time to time we hedge part of our foreign currency exposure, we may be affected by fluctuations in the exchange rates between the Indian rupee and other currencies.

In the recent past, the Rupee has depreciated significantly when compared to the U.S. dollar and since we transact a significant portion of our business in U.S.

dollars, the reported sales in Rupee terms exhibits a growth partly influenced by the depreciating Rupee and there can be no assurance that the growth of our international operations in the future will also benefit from a similar trend. Further, if such depreciation continues in the future it will increase our Rupee cost of servicing and apap effects hydrocodone side repaying hydrocodone in long system foreign currency borrowings and costs. We cannot predict the effects of exchange rate fluctuations upon our future operating results because of the variability of currency exposure and the potential volatility of currency exchange rates. Therefore, changes in the exchange rate between the Rupee and the U.S. dollar and other non-Rupee currencies may have an adverse effect on our income which in turn may adversely affect our business, results of operations and financial condition.



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