NOTE 1.
EMPLOYEE BENEFITS - Disclosures pursuant to Accounting Standard - 15 (Revised)
Defined Contribution plans:
Contribution to the regional Provident Fund Commissioner to secure retrial benefits in respect of Employees' Provident Fund and Employees' Family Pension Fund, based on the Statutory Provisions as per the Employees' provident Fund Scheme, Rs.1117397/- (Previous Year Rs.788604/-) is recognized as an expense and shown under the head "Salary, Wages and Employees' Benefits", (Schedule-23) in the Profit and Loss Account.
NOTE 2.
Related Party Disclosure
(a) List of Related Parties
i) Key Management Personnel
Ravi N.Gupta (Managing Director)
Narendra R. Gupta (Whole Time Director)
Amarnath Pashpatinath Agarwal (CEO)
Rajendra Navneetlal Lad (CFO)
Ranjana Pascal Dmello (Director)
Suresh Bhandary (Director)
Satish Kashinath Marathe (Director)
Bhagyashree Maftlala Bhutaka Company Secretary
ii) Relatives of Key Management Personnel
Sita N Gupta (Mother of Mr.Ravi N. Gupta)
Sheetal R Gupta (wife of Mr. Ravi N. Gupta)
ii) Enterprises where control exist
Bhola Commodeal Pvt. Ltd
Enakhsi Silk Mills Pvt. Ltd
Snehal Multi Trade Pvt. Ltd
Note: - Figures in the bracket indicate previous year figures.
34. Previous figure have been regrouped and re-arranged wherever considered necessary.
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