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Notes to Accounts of Asahi India Glass Ltd.

Mar 31, 2014

NOTE 1. The Company has taken offices, warehouses and residential facilities under cancellable operating lease agreements. The lease agreements are usually renewed by mutual consent on mutually agreeable terms. Total rental expenses under such leases amount to Rs. 455 Lakhs (Rs. 425 Lakhs).

NOTE 2. There are no delays in payments to Micro and Small Enterprises as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006). The information regarding Micro and Small enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. Further, no interest during the year has been paid or payable under the terms of the MSMED Act, 2006.

NOTE 3. Some of the Sundry Creditors, Trade Receivables and Advances are subject to confirmation/reconciliation.

NOTE 4. The Company has not considered necessary to provide for diminution in investment in equity shares of Subsidiary Companies AIS Glass Solutions Ltd. and GX Glass Sales & Services Ltd. as investment is long term and diminution in value is temporary.

NOTE 5. The balance of Rs. 1186 Lakhs (Rs. 1310 Lakhs) in ''Foreign Currency Monetary Item Translation Difference Account'' is after adjustment of Rs. 1565 Lakhs (Rs. 744 Lakhs) recognised as expense for the year pursuant to option exercised by the Company in line with Notification No. G.S.R. 225(E) dated March 31, 2009 and subsequent clarification via Circular No. 25/2012 dated August 9, 2012 issued by the Ministry of Corporate Affairs Government of India.

NOTE 6. The remuneration to the Managing Director has been approved by shareholders of the Company up to ceiling of Rs. 75 Lakhs. However, owing to losses during the year, remuneration paid of Rs. 31 Lakhs is in excess of limits as per Schedule XIII of The Companies Act, 1956. An application to the Central Government for approval of such excess remuneration up to the ceiling approved by shareholders is being made by the Company.

NOTE 7. a) The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency fluctuations. The Company does not use forward contracts for speculative purposes.

NOTE 8. RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD (AS)-18 a) List of Related Parties

i) Subsidiaries : AIS Glass Solutions Limited, Integrated Glass Materials Limited, GX Glass Sales & Services Limited

ii) Associates : AIS Adhesives Ltd., Asahi India Map Auto Glass Ltd., Vincotte International India Assessment Services (P) Ltd.

iii) Enterprises owned or significantly influenced by key management personnel or their relatives :

Shield Autoglass Ltd., Samir Paging Systems Ltd., R. S. Estates (P) Ltd., Nishi Electronics (P) Ltd., Maltex Malsters Ltd., Essel Marketing (P) Ltd., Allied Fincap Services Ltd., Usha Memorial Trust, Krishna Maruti Ltd.

iv) Key management personnel and their relatives :

Directors : Mr. B. M. Labroo, Mr. Sanjay Labroo, Mr. H. Nohara, Relatives : Mrs. Kanta Labroo

v) Other related parties where control exists :

Asahi Glass Co. Limited, Japan and its subsidiaries - AGC Flat Glass Asia Pacific Pte. Ltd., AGC Technology Solutions Co. Ltd., AGC Bor Glass Works OJSC, AGC Automotive Phillipines Inc., PT Asahimas Flat Glass Co., Ltd., AGC Automotive Thailand Co., Ltd., AGC Flat Glass Hellas SA, AGC Automotive China Co., Ltd. AGC Flat Glass Coating SA, AGC Glass Europe (Formerly AGC Flat Glass Europe), AGC Flat Glass Nederland BV, AGC Automotive (Foshan) Co., Ltd. AGC Flat Glass North America Ltd., AGC Flat Glass Klin LLC, AGC Flat Glass - (Vastok LLC) - Russia,

NOTE 9. CONTINGENT LIABILITIES AND COMMITMENTS (To the extent not provided for)

Rs. Lakhs

As At 31st March, 2014 As At 31st March, 2013

CONTINGENT LIABILITIES

a) Claims against the Company not acknowledged as Debts

i) Excise, Custom duty and Service Tax 1566 1509 (including excise duty liability of Rs. 311 Lakhs (Rs. 311 Lakhs) settled by Settlement Commission deleted by Delhi High Court against which SLP of Excise Department has been accepted by Supreme Court of India)

ii) Disputed Income Tax 13 380

iii) Disputed Sales Tax Demand 1371 1159

iv) Others 229 22

b) Guarantees

i) Bank Guarantees and Letters of Credit outstanding 5237 6261

ii) Corporate Guarantees 2438 2465

c) Other Money for which the Company is contingently liable

Channel Financing from Bank 1476 687

Commitments

Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 434 Lakhs (Rs. 196 Lakhs).

NOTE 10. There are no delays in payments to Micro and Small Enterprises as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006). The information regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company and its subsidiaries. Further, no interest during the year has been paid or payable under the terms of the MSMED Act, 2006.

NOTE 11.The balance of Rs. 1186 Lakhs (Rs. 1310 Lakhs) in ''Foreign Currency Monetary item Translation Difference Account'' is after adjustment of Rs. 1565 Lakhs (Rs. 744 Lakhs) recognised as expense for the period pursuant to option exercised by the Company given in Paragraph 46A of Accounting Standard (AS)-11 “The Effects of Changes in Foreign Exchange Rates" inserted by the Notification dated 29th December, 2011 issued by the Ministry of Corporate Affairs, Government of India.

NOTE 12. Previous year''s figures have been regroupe/rearranged, wherever found necessary. Figures in the brackets above are in respect of the previous year.

NOTE 13. Figures have been rounded off to Rs. Lakhs.


Mar 31, 2013

NOTE 1. The Company has taken offices, warehouses and residential facilities under cancellable operating lease agreements. The lease agreements are usually renewed by mutual consent on mutually agreeable terms. Total rental expenses under such leases amount to Rs. 425 Lakhs (Rs. 417 Lakhs).

NOTE 2. There are no delays in payments to Micro and Small Enterprises as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006). The information regarding Micro and Small enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. Further, no interest during the year has been paid or payable under the terms of the MSMED Act, 2006.

NOTE 3. Some of the Sundry Creditors, Trade Receivables and Advances are subject to confirmation/reconciliation.

NOTE 4. During the year, the Company decided to increase the issued capital by allotment of further equity shares on right basis (Rights Issue) and accordingly Board approved issuance of such shares in their Meeting held on October 10, 2012. The "Draft Letter of Offer" was filed with SEBI on February 8, 2013 against which the Company received interim observations from SEBI and filed reply to them.

In March 2013, the Company received advance subscription of Rs. 5000 lakhs against share application money from one of the promoters in the proposed Rights Issue towards its entitlement. The said advance against share application money is being used towards the objects of the proposed Rights Issue. The terms and conditions, number of shares proposed to be issued and the amount of premium etc. will be ascertained on receipt of approval from SEBI.

NOTE 5. The Company has not considered necessary to provide for diminution in value of equity shares of Subsidiary Companies AIS Glass Solutions Ltd., GX Glass Sales & Services Ltd. and Integrated Glass Materials Ltd. as investment is long term and diminution in value is temporary.

NOTE 6. The balance of Rs. 1310 Lakhs (Rs. 1180 Lakhs) in ''Foreign Currency Monetary Item Translation Difference Account'' is after adjustment ofRs. 744 Lakhs (Rs. 428 Lakhs) recognised as expense for the year pursuant to option exercised by the Company given in Paragraph 46A of Accounting Standard (AS) -11 "The Effects of Changes in Foreign Exchange Rates" inserted by the notification dated 29th December, 2011 issued by the Ministry of Corporate Affairs, Government of India.

NOTE 7. The remuneration to the Managing Director has been approved by shareholders of the Company up to ceiling of Rs. 75 Lakhs. However, owing to losses during the year, remuneration paid of Rs. 68 Lakhs is in excess of limits as per Schedule XIII of The Companies Act, 1956. The Company has made an application to the Central Government for approval of such excess remuneration up to the ceiling approved by shareholders.

NOTE 8. a) The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency fluctuations. The Company does not use forward contracts for speculative purposes.

NOTE 9. RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD (AS) - 18 a) List of Related Parties

i) Subsidiaries : AIS Glass Solutions Limited, Integrated Glass Materials Limited, GX Glass Sales & Services Limited

ii) Associates : AIS Adhesives Ltd., Asahi India Map Auto Glass Ltd., Vincotte International India Assessment Services (P) Ltd.

iii) Enterprises owned or significantly influenced by key management personnel or their relatives:

Shield Autoglass Ltd., Samir Paging Systems Ltd., R. S. Estates (P) Ltd., Nishi Electronics (P) Ltd., Maltex Malsters Ltd., Essel Marketing (P) Ltd., Allied Fincap Services Ltd., Usha Memorial Trust, Krishna Maruti Ltd.

iv) Key management personnel and their relatives:

Directors : Mr. B. M. Labroo, Mr. Sanjay Labroo, Mr. H. Nohara,

Relatives : Mrs. Kanta Labroo

v) Other related parties where control exists : Asahi Glass Co. Limited, Japan and its subsidiaries (except subsidiaries with whom no transactions took place) - AGC Flat Glass Asia Pacific Pte. Ltd., AGC Technology Solutions Co., Ltd., AGC Automotive Europe SA, AGC Automotive Phillipines Inc., PT Asahimas Flat Glass Co., TBK., AGC Automotive Thailand Co., Ltd., AGC Flat Glass Hellas SA, AGC Flat Glass Coating SA, AGC Glass Europe (Formerly AGC Flat Glass Europe), AGC Flat Glass Nederland BV, AGC Automotive (Foshan) Co., Ltd.

NOTE 10. Previous year''s figures have been regrouped/rearranged, wherever found necessary. Figures in brackets above are in respect of previous year

NOTE 11. Figures have been rounded off to Rs. Lakhs.


Mar 31, 2012

1. CONTINGENT LIABILITIES AND COMMITMENTS

(To the extent not provided for) Rs. Lakhs

As At As At 31st March, 2012 31st March, 2011

Contingent Liabilities

a) Claims against the Company not acknowledged as debts (excluding interest and penalty which may be payable on such claims)

i) Excise and Custom duty (including referred in Note 33) 1328 1347

ii)Disputed Income Tax 387 367

iii) Disputed Sales Tax Demand 1091 987

b) Guarantees

i) Bank Guarantees and Letter of Credit Outstanding 3051 3028

ii)Corporate Guarantees [including Rs. 6568 Lakhs (Rs. 4652 Lakhs) for subsidiaries] 8201 7106

c) Other money for which the Company is contingently liable Channel Financing from Bank 947 933

Commitments

Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 208 Lakhs (Rs. 3072 Lakhs).

2. Some of the Sundry Creditors, Trade Receivables and Advances are subject to confirmation/reconciliation.

3. In a previous year, in Auto SBU of the Company, Custom and Central Excise Settlement Commission settled Excise Duty Liability at Rs. 368 Lakhs (excluding interest) out of which the Company had accepted liability of Rs. 56 Lakhs and paid the same along with interest of Rs. 20 Lakhs. The matter was decided in favour of the Company by the High Court of Delhi against which SLP of the Excise Department has been accepted by the Supreme Court of India.

4. The Company has not considered necessary to provide for diminution in value of equity shares of Subsidiary Companies AIS Glass Solutions Ltd., GX Glass Sales & Services Ltd. and Integrated Glass Materials Ltd. as investment is long term and diminution in value is temporary.

5. The Company has exercised the option given in paragraph 46A of Accounting Standard (AS)-11 "The Effects of Changes in Foreign Exchange Rates" inserted by the Notification dated 29th December 2011 issued by the Ministry of Corporate Affairs, Government of India and accordingly the exchange differences arising on reporting of long term foreign currency monetary items relating to the acquisition of depreciable capital assets are adjusted to the cost of the assets to be depreciated over the balance life of the asset and in other cases accumulated in "Foreign Currency Monetary Items Translation Difference Account" and amortised over the balance period of such long term foreign currency monetary items.

Out of Foreign Currency Monetary Item Translation Difference Account of Rs. 1608 Lakhs, an amount of Rs. 428 Lakhs has been amortised. Pursuant to such adoption of the option, the loss for the year is lower by Rs. 1180 Lakhs.

6. The remuneration to the Managing and Other Directors is approved by the shareholders of the Company. However owing to the losses during the year such remuneration was not determinable on the date of such approval. The remuneration so approved and paid is in excess of the ceiling limits in Schedule XIII of the Companies Act, 1956. An application is being made to the Central Government for approval of excess remuneration of Rs. 26 Lakhs (Previous year Nil).

7. a) The Company uses foreign currency forward contracts to

hedge its risks associated with foreign currency fluctuations. The Company does not use forward contracts for speculative purposes.

8. RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD (AS) - 18 a) List of Related Parties

i) Subsidiaries : AIS Glass Solutions Limited, Integrated Glass Materials Limited, GX Glass Sales & Services Limited

ii) Associates : AIS Adhesives Ltd., Asahi India Map Auto Glass Ltd., Vincotte International India Assessment Services (P) Ltd.

iii) Enterprises owned or significantly influenced by key management personnel or their relatives :

Shield Autoglass Ltd., Samir Paging Systems Ltd., R. S. Estates (P) Ltd., Nishi Electronics (P) Ltd., Maltex Malsters Ltd., Essel Marketing (P) Ltd., Allied Fincap Services Ltd., Usha Memorial Trust, Krishna Maruti Ltd.

iv) Key Management Personnel and their relatives :

Directors : Mr. B. M. Labroo, Mr. Sanjay Labroo, Mr. Arvind Singh, Mr. K. Nakagaki, Mr. H. Nohara Relatives : Mrs. Kanta Labroo, Mrs. Vimmi Singh

v) Other related parties where control exists : Asahi Glass Co. Limited, Japan and its subsidiaries - AGC Flat Glass Asia Pacific Pte. Ltd., AGC Technologies Solutions Ltd., Asahi Glass Phillipines Inc., Glavermas Pte Ltd., Asahi Glass Ceramics Co. Ltd., P. T. Asahimas Flat Glass TBK Indonesia, AGC Automotive Thailand Co. Ltd., AGC Flat Glass - Hellas, AGC Flat Glass - Russia, AGC Flat Glass Coating S. A., AGC Technology Systems Solution Company, AGC Flat Glass North America Inc., AGC Flat Glass Europe S. A., AGC Flat Glass Nederland BV, AGC Automotive Foshan, AGC Automotive Replacement Glass, Asahi Glass Machinery Co. Ltd., Asahi Flat Glass Asia Europe S. A.

Notes :

i) For management purposes, the Company is organised into two major operating divisions - Automotive Glass and Float Glass. These divisions are the basis on which the Company reports its primary segment information.

ii) All segment assets and liabilities are directly attributable to the segment. Segment assets include all operating assets used by the segment and consist primarily of fixed assets, inventories, trade receivables, loans and advances and operating cash and bank balances. Segment liabilities include all operating liabilities and consist primarily of creditors and accrued liabilities. Segment assets and liabilities do not include investments, inter corporate deposits, miscellaneous expenditure, current income tax and deferred tax.

iii) Segment revenues and segment results include transfers between business segments. Inter segment sales to Automotive Glass Division are accounted for at cost of production plus 10%. These transfers are eliminated on consolidation.

iv) Joint expenses are allocated to business segments on a reasonable basis. All other revenues and expenses are directly attributable to the segments. They do not include interest income on inter corporate deposit and interest.

10. Previous year's figures have been regrouped/rearranged, wherever found necessary. Figures in brackets above are in respect of previous year.

11. Figures have been rounded off to Rs. Lakhs.


Mar 31, 2011

1. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. 3072 Lakhs (Rs. 1026 Lakhs) (net of advances).

2. Contingent Liabilities for :

Rs. Lakhs

Particulars AS At 31st March 2011 As At 31st March, 2010

a) Bank guarantees and letters of credit outstanding 3028 2646

b) Claims against the Company not acknowledged as debts (excluding interest and penalty which may be payable on such claims)

i) Excise and custom duty (including referred in Note No. 10) 1347 2784

ii) Disputed Income Tax and Wealth Tax Demands 367 10

iii) Corporate Guarantees (including Rs. 4652 Lakhs (Rs. 3952 Lakhs) for subsidiaries) 7106 5168

iv) Channel Financing from Bank 933 1154

v) Disputed Sales Tax Demands 987 968

b) The Company operates post retirement defined benefit plan for retirement gratuity which is funded.

3. The Company has taken offices, warehouses and residential facilities under cancellable operating lease agreements. The lease agreements are usually renewed by mutual consent on mutually agreeable terms. Total rental expenses under such lease amount to Rs. 379 Lakhs (Rs. 311 Lakhs).

4. Some of the Current Liabilities, Sundry Debtors and Advances are subject to confirmation/reconciliation.

5. In a previous year, in Auto SBU of the Company, Custom and Central Excise Settlement Commission settled Excise Duty Liability at Rs. 368 Lakhs (excluding interest) out of which the Company had accepted liability of Rs. 56 Lakhs and paid the same along with interest of Rs. 20 Lakhs. The matter was decided in favour of the Company by the High Court of Delhi against which SLP of the Excise Department has been accepted by the Supreme Court of India.

6. The Company has not considered necessary to provide for diminution in value of equity shares of subsidiary companies AIS Glass Solutions Ltd., GX Glass Sales & Services Ltd. and Integrated Glass Material Ltd. as investment is long term and diminution in value is temporary.

7. During the year the amount outstanding as per books to be credited to Investor Education and Protection Fund was Rs. 19.93 Lakhs, out of which amount of Rs. 3.90 Lakhs was refunded by the Companys bank as "excess funding" and the remaining amount of Rs. 16.03 Lakhs was paid to the fund in time. The Company was advised to pay the above amount of Rs. 3.90 Lakhs also to the fund which has since been paid.

8. Interest of Rs. 441 Lakhs (Rs. 57 Lakhs) on borrowings for fixed assets for expansion/new projects is capitalised till the date such assets are put to use for commercial production.

9. Related Party Disclosures under Accounting Standard (AS)-18 :

a) List of Related Parties :

i) Subsidiaries: AIS Glass Solutions Ltd., Integrated Glass Materials Ltd., GX Glass Sales & Services Ltd.

ii) Associates : AIS Adhesives Ltd., Asahi India Map Auto Glass Ltd., Vincotte International India Assessment Services (P) Ltd.

iii) Enterprises owned or significantly influenced by key management personnel or their relatives :

Shield Autoglass Ltd., Samir Paging Systems Ltd., R. S. Estates (P) Ltd., Nishi Electronics (P) Ltd., Maltex Malsters Ltd., Essel Marketing (P) Ltd., Allied Fincap Services Ltd., Usha Memorial Trust, Krishna Maruti Ltd.

iv) Key Management Personnel and their relatives :

Directors : Mr. B. M. Labroo, Mr. Sanjay Labroo, Mr. Arvind Singh, Mr. K. Nakagaki , Mr. H. Nohara Relatives : Mrs. Kanta Labroo, Mrs. Vimi Singh

v) Other related parties where control exists : Asahi Glass Co. Ltd., Japan and its subsidiaries -

AGC Flat Glass Asia Pacific Pte. Ltd., Asahi Glass Machinery Co. Ltd., Asahi Glass Phillipines, Inc., Glavermas Pte. Ltd., Asahi Glass Ceramics Co. Ltd., P. T. Asahimas Flat Glass TBK Indonesia, AGC Automotive Thailand Co. Ltd., AGC Flat Glass - Hellas, AGC Flat Glass - Russia, AGC Flat Glass Coating S. A., AGC Technology Systems Solution Company, AGC Flat Glass North America Inc., Asahi Flat Glass Asia Europe S. A., AGC Flat Glass Europe S. A., AGC Flat Glass Nederland BV

10. Previous years figures have been regrouped/rearranged, wherever found necessary. Figures in brackets above are in respect of previous year.

11. Figures have been rounded off to Rs. Lakhs.


Mar 31, 2010

1. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs.1026 Lakhs (Rs. 409 Lakhs) (net of advances).

2. Contingent Liabilities for: Rs. Lakhs As on 31st As on 31st March 2010 March.2009 a) Bank guarantees and letters of credit outstanding 2646 2988 b) Claims against the Company not acknowledged as debts (excluding interest and penalty which may be payable on such claims) i) Excise and Custom Duty (including referred in Note No. 10) 2784 2737 ii) Disputed Wealth Tax Demands 10 10 iii) Corporate Guarantees [including Rs. 3952 Lakhs (Rs. 4187 Lakhs) for a subsidiary] 5168 5167 iv) Channel Financing from Bank 1154 1223 v) Disputed Sales Tax Demands 968 2564 vi) Others - 13

3. The Company has taken offices, warehouses and residential facilities under cancellable operating lease agreements. The lease agreements are usually renewed by mutual consent on mutually agreeable terms. Total rental expenses under such lease Rs. 241 Lakhs (Rs. 414 Lakhs).

4. a) In a previous year, in Auto SBU of the Company, Custom and Central Excise Settlement Commission settled Excise Duty Liability at Rs. 368 Lakhs (excluding interest) out of which the Company had accepted liability of Rs. 56 Lakhs and paid the same alongwith interest of Rs. 20 Lakhs. The matter was decided in favour of the Company by the High Court of Delhi against which SLP of the Excise Department has been accepted by the Supreme Court of India.

b) Deputy Commissioner of Customs (Original Authority) in a previous year issued an order imposing additional custom duty of about Rs.1606 Lakhs on the value of project imports made by erstwhile Floatglass India Ltd. (amalgamated with the Company with effect from 1st April, 2002). On appeal by the Company, Commissioner Customs (Appeals) set aside the above order on 25th November, 2002 against which the Commissioner of Customs filed an appeal before the Customs, Excise and Service Tax Appellate Tribunal. In a previous year the matter was remanded back to the Original Authority for fresh decision. The liability, if any, will be accounted on final decision by Original Authority.

5. The Company has not considered necessary to provide for diminution in value of equity shares of subsidiary company AIS Glass Solutions Ltd. as investment is long term and diminution in value is temporary.

6. The balance of Rs.126 Lakhs in "Foreign Currency Monetary Item Translation Difference Account" is after adjustment of Rs.126 Lakhs recognised as income for the year which is in accordance with Companies (Accounting Standards) Amendment Rules 2009, relating to Accounting Standard (AS)-11.

7. Interest of Rs. 57 Lakhs (Rs. 104 Lakhs) on borrowings for fixed assets for expansion/new projects is capitalised till the date such assets are put to use for commercial production.

8. The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency fluctuations relating to firm commitments. The Company does not use forward contracts for trading and speculative purposes.

9. Related Party Disclosures under Accounting Standard (AS)-18 : a) List of Related Parties :

i) Subsidiaries : AIS Glass Solutions Ltd., Integrated Glass Materials Ltd.

ii) Associates : AIS Adhesives Ltd., Asahi India Map Auto Glass Ltd., Vincotte International India Assessment Services (P) Ltd.

iii) Enterprises owned or significantly influenced by key management personnel or their relatives :

Shield Autoglass Ltd., Samir Paging Systems Ltd., R. S. Estates (P) Ltd., Nishi Electronics (P) Ltd., Maltex Malsters Ltd., Essel Marketing (P) Ltd., Allied Fincap Services Ltd., Usha Memorial Trust, ACMA, Krishna Maruti Ltd.

iv) Key Management Personnel and their relatives :

Directors : Mr. B. M. Labroo, Mr. Sanjay Labroo, Mr. K. Kojima, Mr. Arvind Singh, Mr. H. Nohara

Relatives : Mrs. Kanta Labroo, Mrs. Vimi Singh

v) Other related parties where control exists : Asahi Glass Co. Limited, Japan and its subsidiaries - AGC Flat Glass Asia Pacific Pte. Ltd., Asahi Glass Machinery Co. Ltd., Asahi Glass Phillipines, Inc., Glavermas Pte Ltd., Asahi Glass Ceramics Co. Ltd., P. T. Asahimas Flat Glass TBK Indonesia, AGC Automotive Thailand Co. Ltd., AGC Flat Glass - Hellas, AGC Flat Glass - Russia, AGC Flat Glass Coating S.A., AGC Technology Systems Solution Company, AGC Flat Glass North America Inc., Asahi Flat Glass Asia Europe S.A., AGC Flat Glass Europe S.A., AGC Flat Glass Nederland BV.

10. Previous years figures have been regrouped/rearranged, wherever found necessary. Figures in brackets above are in respect of previous year.

11. Figures have been rounded off to Rs. Lakhs.

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