| 1. SEGMENT INFORMATION:
The Company has only one reportable segment in terms of Accounting
Standard 17 (AS 17) 'Segment Reporting' mandated by Rule 3 of the
Companies (Accounting Standard) Rules 2006, which is skin care business
and hence disclosure requirements under Accounting Standard 17 (AS 17)
'Segment Reporting' mandated by Rule 3 of the Companies (Accounting
Standard) Rules 2006 are not applicable.
2. RELATED PARTY DISCLOSURE:
(a) Name of related parties and nature of relationship
I. Subsidiaries:
with effect from April 1, 2013 (Refer Note 1B)
- Kaya Limited
- Derma - Rx International Aesthetics Pte. Ltd.#
- The DRx Clinic Pte. Ltd.#
- The DRx Medispa Pte. Ltd.#
- DIPL Singapore Pte Limited
(Erstwhile known as DRx Investments Pte. Ltd.)
- DRx Aesthetics Sdn. Bhd.#
- Kaya Middle East FZE
# Upto January 9, 2014
KME Holdings Pte Ltd
(with effect from October 18, 2013)
II. Key Management Personnel (KMP) Mr. Harsh Mariwala
III. Enterprise over which KMP have significant Marico Limited
infuence and transactions have taken place (was also the holding
Company upto March 31, 2013)
* For the purpose of calculating the weighted average number of equity
shares, the equity shares issued pursuant to the Scheme of Arrangement
(Refer Note 1B) have been considered effective April 1, 2013, being the
appointed date for the Scheme of Arrangement.
3. (a) On November 14, 2013, the Board of Directors of Kaya Limited,
wholly owned subsidiary of the Company, approved the divestment of its
investment in Derma Rx International Aesthetics Pte Limited, along with
its step down subsidiaries DRx Clinic Pte. Ltd., DRx Aesthetics Sdn Bhd
and DRx Medispa Pte. Ltd (collectively referred as 'DIAL Group')
subject to the approval of the shareholders. The shareholders' approval
was obtained at the Extra Ordinary General Meeting held on November 15,
2013. As a result, a Share Purchase Agreement was entered on
December 1, 2013 for divestment of 100% stake in DIAL Group, which was concluded on January 9, 2014 upon receipt of consideration of SGD
34.48 million (Equivalent Rs. 16,800.83 lacs) by Kaya Limited.
(b) Further, the Board of Directors of the Kaya Limited have expressed
their intention to sell majority of its stake in its step down
subsidiary Kaya Middle East FZE.
4. OPERATING LEASES:
The Company has entered into operating lease arrangement for its office
premises for a period of 5 years and, is renewable on a periodic basis
at the option of the lessor and / or lessee.
Disclosure in respect of assets taken on non-cancellable operating
lease:
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