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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 531952ISIN: INE811H01017INDUSTRY: Textiles - Spinning - Cotton Blended

BSE   ` 82.40   Open: 84.98   Today's Range 82.00
84.98
-0.20 ( -0.24 %) Prev Close: 82.60 52 Week Range 36.65
94.90
Year End :2018-03 

27 ADDITIONAL INFORMATIONS

27.1

Contingent liabilities and commitments

(To the extent not provided for) Contingent Liabilities

(a) Claim against the company not acknowledged As debts; (b) Guarantees

27.2

CIF value of import

361498

680 009

Packing Material

Components and spare parts;

2,007,886

1,972,384

Capital goods;

0

19,490,664

Total

2,369,384

22,143,057

27.3

Expenditure in foreign currency

Exhibition & fair charges

4,903,149

4,499,792

Travelling

2,282,975

2,341,862

Others

24,422,997

12,015,355

Total

31,609,121

18,857,009

27.4

Details of consumption of imported and indigenous items

915,950,878

664,664,021

Raw Materials

Indigenous

% Of Total

100

100

Imported

-

-

% Of Total

-

-

Total consumption

915,950,878

664,664,021

Spare parts and components

Indigenous

135,758,854

91,021,066

% Of Total

98.52

98

Imported

2,007,886

1,972,384

% Of Total

1.48

2

Total consumption

137,766,840

92,993,550

27.5

Earning in foreign exchange

Direct export of good calculated on FOB basis (Previous year's figures have been regrouped reclassified wherever necessary to correspond with the current year' classification / disclosure)

1,356,927,871

991,483,133

28 Related Party Disclosures

28.1 Related Parties and transactions with them during the year as identified by the Management are given below:

(i) Key Management personnel's

Sh. Ravinder Garg, Mr. Amit Garg, Mr. Nitin Garg, Asha Garg

On 13th April 2018, Mr. Aditya Garg son of Mr. Amit Garg, Managing Director, was appointed for the position of a Management Trainee in the Marketing Department for a period of three months with the Stipend of Rs.15000/- per month.

Details of transactions carried out with related parties in the ordinary course of business:

(Rupees in Lacs)

Sr. No

Nature of Business

Key Management personnel's

Enterprises over which key management personnel & their relatives are able to exercise significant influence.

Total

2017-18

2016-17

2017-18

2016-17

2017-18

2016-17

Remuneration

(i)

Paid

Ravinder Garg

63.00

42.00

63.00

42.00

Amit Garg

63.00

42.00

63.00

42.00

Nitin Garg

63.00

42.00

63.00

42.00

Asha Garg

9.00

1.50

9.00

1.50

(ii)

Rent Paid

Ravinder Garg

1.50

1.50

1.50

1.50

Amit Garg

6.00

6.00

6.00

6.00

Nitin Garg

6.00

6.00

6.00

6.00