| 1 Corporate information
Yashraj Containeurs Limited is a Public Limited Company, formed vide
certificate of incorporation dated 27th July 1993, assessed to income
tax having registerred address Plot No. 757/758, Jwala Estate, First
Floor, Soni Wadi, Near Kora Kendra, Off S.V. Road, Borivali (West),
Mumbai 400 092. Yashraj Containeurs Limited is into the business of
Manufacturing of Barrels & Trading of CRCA coils.
2. Terms/Rights attached to equity shares
The Company has one class of equity shares having a par value of Rs. 10
per share. Each Holder of equity share is entitled to 1 vote per
share.In the event of Liquidation of the company, the holders of equity
share will be entitled to receive remining assets of the company, after
distriibution of all preferencial amounts. The distributation will be
in proportion to the number of equity shares held by the shareholders.
3. The company operates gratuity plan wherein employee is entitled to
the benefit as per scheme of the company for each completed year of
service. The same is payable on retirement or termination whichever is
earlier. The benefit vests only after five years of continuous service.
4. Defined Benefit Plans - Leave Encashment
The Company does not accumulate the leaves of employees. Leave is
encashed every year.
5. Related party transactions
Details of related parties:
Description of relationship Names of related parties
Associates Precision Containeurs Ltd
Vas Infrastructure Ltd
Vasparr Shelter Ltd
Vas Educomp Pvt. Ltd.
Pushpanjali Drums Pvt. Ltd.
Key Management Personnel (KMP) Dr. Jayesh V Valia - Executive Chairman
Mr. Babulal Jain - Director
Mr. G. Venkataraman - Director
Relatives of KMP Mrs. Sangeeta Valia
Mr. Madhav Valia
Mr. Raj Valia
Note : Related parties have been identified by the Management.
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