Home  »  Company  »  Gravita India Ltd.  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Gravita India Ltd.

Mar 31, 2015

1. Corporate Information

Gravita India Limited ('the Company') is a public company incorporated under the provisions of the Companies Act, 1956. Its business operations currently encompass three business areas - Lead processing, trade (lead products and aluminium scrap) and dealings in Lead and Turn-key Lead Recycling projects. The Company carry out smelting of Lead battery scrap / Lead concentrate to produce Secondary Lead metal, which is further transformed into Pure Lead, Specific Lead Alloy Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead products like Lead Sheets, Lead Powder, Lead Shot, etc. The Company has Lead processing unit at Jaipur (Rajasthan) and Bhuj (Gujarat), trading unit at Vishwa Karma Industrial Area, Jaipur and Turn-Key Lead Recycling unit at SEZ, Jaipur (Rajasthan).

2. (a) Terms /rights attached to equity shares

The Company has only one class of shares referred to as equity shares having a face value of Rs. 2 per share. Each equity shareholder is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in the case of interim dividend.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts.

3. Notes:

# Term loans from banks carry interest ranging from 9.57% p.a. to 10.82% p.a. The loans are secured by way of hypothecation of vehicles and repayable in equal monthly installments over a period of 3 to 5 years.

## Foreign currency loans represent two loans from Export Import Bank of India which carries interest ranging from 6 months USD LIBOR 5% p.a. to LIBOR 6% p.a. The loans are repayable in 18/20 equal quarterly installments as per the due dates specified in the respective loan agreements. Loans are secured by way of the following:

First loan:

(a) Pledge of liquid investments in fixed deposits.

(b) Second charge on entire current assets and fixed assets including immovable property of the Company except immovable property situated at Plot No. P.A. 01 1-066, Light Engineering Zone, Mahindra World City - SEZ, Jaipur.

(c) Mortgage of Flat no. 402 in Gravita Tower, A-27-B, Tilak Nagar, Shanti Path, Jaipur of Managing Director Mr. Rajat Agrawal.

(d) Extension of charge on the fixed assets including immovable property situated at Plot No. P.A. 01 1-066, Light Engineering Zone, Mahindra World City - SEZ, Jaipur.

(e) Corporate guarantee of M/s Gravita Infotech (formerly known as M/s Gravita Technomech).

(f) Personal guarantee of Managing Director Mr. Rajat Agrawal.

Second Loan:

(a) Mortgage of immovable property Plot No. P.A. 01 1-066, Light Engineering Zone, Mahindra World City - SEZ, Jaipur

4. Notes:

# Loans repayable on demand are secured by way of:

(a) First pari-passu charge over the entire current assets of the Company including raw material, stock in process, finished goods including stocks in transit and those lying in godowns, ports, etc and book debts (both present and future).

(b) First pari-passu charge on the entire fixed assets of the Company including the following:

(i) Flat no. 302, 401,403 in Gravita Tower, A-27-B, Tilak Nagar, Shanti Path, Jaipur.

(ii) Land and building at Jai Chand ka Bas, Diggi Malpura Road, Phagi, Jaipur.

(c) First pari-passu charge on the following other assets:

(i) Land and house at 3/90, HIG, Mansarovar Jaipur of Gravita Impex Private Limited (related party).

(ii) Flat no. 203 in Gravita Tower, A-27-B, Tilak Nagar, Shanti Path, Jaipur of Managing Director Mr. Rajat Agrawal.

(d) Cash collateral (Fixed Deposits) of Rs. 275.00 lacs.

(e) Personal guarantee of Managing Director Mr. Rajat Agrawal

(f) Corporate guarantee of M/s Gravita Impex Private Limited (related party).

Note 5 : Contingent Liabilities And Commitments

(Rs. in Lacs)

For the year For the year ended ended March 31,2015 March 31,2014 Contingent liabilities

Corporate guarantee given to banks for loans availed by the following partnership firms

* M/s Gravita Metals 2,275.00 2,275.00

Dues outstanding 990.02 741.62

* M/s Gravita Metal Inc 500.00 500.00

Dues outstanding 342.06 346.38

Corporate guarantee given to banks for loans availed by the following subsidiary

* Gravita Global Pte Limited 312.95 300.50

Dues outstanding - - Guarantee given to government authorities on behalf of partnership 500.00 500.00 firms

Claims against the Company not acknowledged as debt #

Income Tax 20.52 9.96

Excise Duty/Customs Duty/Service Tax 20.70 72.59

Value Added Tax/Central Sales Tax 4.54 132.81

# All the matters are subject to legal proceedings in the ordinary course of business. The legal proceedings, when ultimately concluded, in the opinion of the management, will not have a material effect on the results of the operations or financial position of the Company.

6. Defined Benefit Plan

The employees' gratuity fund scheme managed by a Trust namely Gravita India Limited Employees Gratuity Trust is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognised in the same manner as gratuity.

Note 7 : Segment Reporting

As per Accounting Standard (AS) 17 "Segment Reporting", Segment information has been provided under the Notes forming part of the Consolidated Financial Statements.

Note 8 :

During the previous year, the Excise Department, under the provisions of Section 12F of Central Excise Act, 1944, had seized past books and records of the Company upto February 10, 2014. In this regard, no show cause notice has been received by the Company till date. The management is confident that the matter will get resolved in due course and no material liability would arise on resolution of this matter. The Company is in process to release the books of accounts.

Note 9 :

The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing legislation under sections 92-92F of the Income Tax Act, 1961. Since the law requires such information and documentation to be contemporaneous in nature, the Company is in the process of updating the documentation of domestic and international transactions with the associated enterprises during the financial year and expects such records to be in existence latest by November 30, 2015. The Management is of the opinion that its international and domestic transactions are at arm's length so that the aforesaid legislation will not have any impact on the financial statements, particularly on the amount of tax expense and that of provision for taxation.

Note 10 :

Pursuant to the enactment of the Companies Act, 2013 w.e.f. April 1, 2014, the Company has reviewed the estimated economic useful lives of its fixed assets generally in accordance with that provided in the Schedule II to the Companies Act, 2013. As a result (after considering the transitional provision specified in the schedule II), the depreciation charge for the current year is higher by Rs. 31.14 lacs and depreciation amounting to Rs. 22.57 lacs (net of deferred tax liabilities of Rs. 10.03 lacs) has been adjusted from the opening balance of retained earnings.

Note 11 :

The Company does not have any long-term contracts including derivative contracts for which there are any material foreseeable losses.

Note 12 :

There are no amounts which are required to be transferred to the Investor Education and Protection Fund.

Note 13 :

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2013

CORPORATE INFORMATION

Gravita India Limited (‘the Company'') is a public Company incorporated under the provisions of the Companies Act, 1956. The Company is carrying out smelting of Lead Ore / Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead Products like Lead Sheets, Lead Pipes etc. with proven technology and processes. The Company has state-of-the-art Lead Processing unit at Jaipur (Rajasthan) and recently installed a unit at Bhuj (Gujarat).

1. SEGMENT REPORTING

As per Accounting Standard (AS) 17 on "Segment Reporting”, Segment information has been provided under the Notes to Consolidated Financial Statements.

2. RELATED PARTY TRANSACTIONS 33.1 Related Party Disclosure a. List of Subsidiaries

Gravita Exim Limited and its Associate Navam Lanka Limited (Associate from 06th January, 2013) Gravita Ghana Limited Gravita Mozambique LDA

Gravita Senegal S.A.U (Subsidiary up to 26th December, 2012) Gravita Energy Limited Gravita Infra Private Limited

Noble Build Estate Private Limited (Subsidiary from 03rd July, 2012) Gravita Global Pte Limited and its Subsidiary - Gravita Netherlands BV and its subsidiaries

- Gravita Senegal S.A.U (Subsidiary from 27th December, 2012)

- Gravita Nicaragua S.A.

- Gravita Trinidad & Tobago Limited

b. Associates

Gravita Honduras SA DE CV (Associate up to 25th September, 2012) Navam Lanka Limited (Associate up to 05th January, 2013)

c. Limited Liability Partnership Firms

Gravita Technomech LLP (in process of strike off)

d. Partnership Firms

M/s Gravita Metals (formerly known as M/s KM Udyog) M/s Gravita Metal Inc (formerly known as M/s Metal Inc) M/s Gravita Technomech

e. Enterprises having same Key Management Personnel and/or their relatives as the reporting enterprise: Gravita Exim Limited

Gravita Ghana Limited

Gravita Mozambique LDA

Gravita Senegal S.A.U (Subsidiary up to 26th December, 2012)

Gravita Energy Limited

Gravita Infra Pvt. Ltd.

Noble Build Estate Pvt Ltd.

Gravita Global Pte Ltd

Gravita Netherlands BV

Navam Lanka Ltd.

Gravita Honduras SA DE CV (Associates up to 25th September, 2012)

Gravita Technomech LLP (in process of strike off)

M/s Gravita Metals (formerly known as M/s KM Udyog)

M/s Gravita Metal Inc (formerly known as M/s Metal Inc)

M/s Gravita Technomech

Gravita Impex Pvt. Limited

Saurabh Farms Limited

Shah Buildcon Pvt. Limited

Jalousies India Pvt. Limited

Surana Professional Services Pvt Limited

M/s R.Surana & Company

M/s Surana Associates

Gravita Nicaragua S.A

Gravita Trinidad And Tobago Ltd

f. Key Management Personnel Dr. Mahavir Prasad Agarwal Mr. Rajat Agrawal

Mr. Rajeev Surana

3 DERIVATIVE INSTRUMENTS AND UNHEDGED FOREIGN CUIRRENCY EXPOSURE

The Company used forward exchange contracts to hedge against its foreign currency exposure relating to the underlying transaction. The Company does not enter into any derivative instruments for trading or speculative purpose. There are no outstanding foreign currency contracts as on 31-Mar-2013.

4. The previous year figures have been shown in bracket and regrouped/reclassified, wherever necessary to conform to the current year presentation.


Mar 31, 2012

A) Terms/Rights attached to Equity Shares

The Company has only one class of equity shares having a face value of Rs10/- per share. Each equity share holder is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

The Board of Directors of the Company have declared interim dividend @ 10% amounting to Rs1/- per share on the paid up capital of the Company in the meeting held on 3rd February 2012.

For the year ended 31st March 2012, the amount of per share final dividend recognised as distributions to equity shareholders is Rs3/- per share (31st March 2011: Rs4/- per share).

The Company has acquired approval of shareholders by way of postal ballot on 11-May-2012 for sub-division of face value of equity share from Rs10 per share to Rs2 per share.

In the event of liquidation of the Company , the holders of equity shares will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts.

b) Shares held by the holding/ultimate holding company and/or their subsidiaries/associates: - Nil

c) Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date:

During the F.Y. 2009-10 the Company has allotted one fully paid bonus share against two fully paid equity shares by capitalisation of Reserves amounting to Rs33,400,000/-.

d) Shares reserved for issue under options

The Company has reserved issuance of 681000 Equity Shares of Rs10/- each for offering to eligible employees of the Company and its subsidiaries under Employees Stock Option Scheme (ESOS). During the year company has granted 80076 options to the eligible employees at a price of Rs10/- per share plus all applicable taxes, as may be levied in this regard on the Company. The options would vest over a maximum period of 4 year. 16,258 options were lapsed during the year ended 31st March 2012. For further details refer to Director's Report.

For Working Capital Loan from Banks

Working Capital Loan are secured by way of hypothecations (Floating Charge) on stocks (including raw material, work-in- progress, finished goods), Book Debts and/or Equitable mortgage of factory land, buildings, flats, guarantees and Fixed Deposits.

Details of dues to Micro, Small and Medium Enterprises as defined under MSMED Act, 2006

The Company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006 and hence disclosures regarding:

(a) Amount due and outstanding to suppliers as at the end of accounting year.

(b) Interest paid during the year.

(c) Interest payable at the end of accounting year.

(d) Interest accrued and unpaid at the end of the accounting year, have not been given.

The Company is making efforts to get the confirmations from the suppliers as regards their status under the Act.

*Unpaid Share Application money of Rs17.31 lacs, was remained unreflected in the balance sheet as on 31.03.201 1, which has no impact on Profit and Loss of the Company. The figure has been now incorporated in the balance sheet as on 31.03.2012.

1 EXCEPTIONAL ITEMS

Exceptional items includes profit on sale of subsidiary amounting to Rs 32.17 Lacs

The Company has taken certain assets on Operating Lease agreement with:

A. Rajat Agrawal

Major terms of the Agreement are as under:

i. Monthly Lease Rent Rs35,000/-

ii. Tenure of the lease: Lease agreement valid till dated 30th November, 2012

B. Rajat Agrawal

Major terms of the Agreement are as under:

i. Monthly Lease Rent Rs35,000/-

ii. Tenure of the lease: Lease agreement valid till dated 30th November, 2012

C. Rajat Agrawal

Major terms of the Agreement are as under:

i. Monthly Lease Rent Rs130,000/-

ii. Tenure of the lease: Lease agreement valid till dated 14th September 2012

D. Saurabh Farms Limited

Major terms of the Agreement are as under:

i. Monthly Lease Rent Rs2,000/-

ii. Tenure of the lease: Lease agreement valid till dated 30th November, 2012

E. Archna Gupta & Vijay Gupta

Major terms of the Agreement are as under:

i. Monthly Lease Rent Rs13,128/-

ii. Tenure of the lease: Lease agreement valid till dated 31st August 2012

2. SEGMENT REPORTING

The Company is a one-segment company in the business of Lead Smelting & Refining. Hence, no further disclosures are required under AS-17, other than those already provided in the financial statements.

3. RELATED PARTY DISCLOSURE

a. List of Subsidiaries

i) Gravita Exim Limited

ii) Gravita Ghana Limited

iii) Gravita Mozambique LDA

iv) Gravita Senegal S.A.U

v) Gravita Energy Limited

vi) Gravita Infra Pvt. Ltd.

vii) Gravita Technomech LLP

viii) M/s Gravita Technomech

ix) M/s Gravita Metals (formerly known as M/s KM Udyog)

x) M/s Gravita Metal Inc (formerly known as M/s Metal Inc)

xi) Gravita Georgia Limited (Subsidiary upto 23rd September 2011)

xii) Floret Tradelink Limited (Subsidiary upto 18th May 2011)

xiii) Penta Exim Limited (Subsidiary upto 6th May 2011)

b. Associates

i) Navam Lanka Ltd.

ii) Gravita Honduras SA DE CV

iii) Pearl Landcon Pvt Limited

c. Enterprises having same Key Management Personnel and/or their relatives as the reporting enterprise:

i) Gravita Impex Pvt. Limited

ii Saurabh Farms Limited

iii) Gravita Honduras SA DE CV

iv) Gravita Metal Inc (formerly known as Metal Inc)

v) Navam Lanka Limited

vi) Shah Buildcon Pvt. Limited

vii) Jalousies India Pvt. Limited

viii) Surana Professional Services Pvt Limited

ix) Gravita Exim Ltd.

x) Gravita Energy Ltd.

xi) Gravita Infra Pvt. Ltd.

xii) Gravita Technomech LLP.

xiii) M/s Gravita Technomech

xiv) M/s Gravita Metals (formerly known as M/s KM Udyog)

xv) Gravita Ghana Ltd.

xvi) R. Surana & Company

xvii) Surana Associates

d. Key Management Personnel

i) Dr. Mahavir Prasad Agarwal

ii) Shri Rajat Agrawal

iii) Shri Rajeev Surana

4. CONTINGENT LIABILITIES (Rs in Lacs)

Particulars As at As at 31st March 2012 31st March 2011

Bank Guarantees to Custom authorities for import of Raw material against Advance licences: - 7.77

Letter of Credit for import of raw material 21.74 35.70

Bank Guarantee to BSE 22.50 22.50

5. DERIVATIVE INSTRUMENTS AND UNHEDGED FOREIGN CURRENCY EXPOSURE

The Company used forward exchange contracts to hedge against its foreign currency exposure relating to the underlying transaction and firm commitments. The Company does not enter into any derivative instruments for trading or speculative purpose. There are no outstanding foreign currency contracts as on 31-Mar-2012.


Mar 31, 2011

1. These financial statements are prepared for the period 01-Apr-2010 to 31-Mar-2011. Corresponding figures are reported for the year ended on 31-Mar-2010.The previous years figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

2. Contingent Liabilities not provided for: (Rs. in Lacs)

Particulars As at As at

31 March 2011 31 March 2010

Bank Guarantees to Custom authorities for import

of Raw material against Advance Licenses 7.77 20.31

Letter of Credit for import of raw material 35.70 75.55

Bank Guarantee to BSE 22.50 0.00

3. Estimated amount of contracts remaining to be executed on Capital Account and not provided for - Rs. NIL.

4. The liability in respect of payment under employees leave encashment and gratuity has been provided on actuarial valuation in line with Accounting Standard 15 (Revised). Since there is not much change in the conditions and circumstances between 31-Mar-2010 and 31-Mar-2011, therefore defined benefit obligations are taken on the basis of last year provisions.

5. Micro & Small Enterprises Dues:-

The company has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act 2006 and hence disclosures regarding:

(a) Amount due and outstanding to suppliers as at the end of accounting year.

(b) Interest paid during the year

(c) Interest payable at the end of accounting year

(d) Interest accrued and unpaid at the end of the accounting year, have not been given.

The company is making efforts to get the confirmations from the suppliers as regards their status under the Act.

6. Segment Reporting

The company is a one-segment company in the business of Lead Smelting & Refining. Hence, no further disclosures are required under AS-17, other than those already provided in the financial statements.

7. Related Party Disclosure

a. Subsidiaries

i) Gravita Exim Limited

ii) Gravita Ghana Limited

iii) Gravita Mozambique LDA

iv) Gravita Senegal S.A.U

v) Gravita Georgia Ltd

vi) Gravita Energy Ltd.

vii) Gravita Infra Pvt. Ltd.

viii) Floret Tradelink Ltd.

ix) Gravita Technomech LLP.

x) Gravita Technomech

xi) K.M Udyog

xii) Penta Exim Ltd.

b. Enterprises having same Key Management Personnel and/or their relatives as the reporting enterprise

i) Gravita Impex Pvt. Limited

ii) Saurabh Farms Limited

iii) Gravita Honduras S.A.

iv) Pearl Landcon Pvt Limited

v) Navam Lanka Limited

vi) Shah Buildcon Pvt. Limited

vii) Jalousies India Pvt. Limited

viii) Surana Professional Services Pvt Limited

ix) Gravita Exim Ltd.

x) Penta Exim Ltd.

xi) Gravita Energy Ltd.

xii) Gravita Infra Pvt. Ltd.

xiii) Floret Tradelink Ltd.

xiv) Gravita Technomech LLP.

xv) Gravita Technomech

xvi) K.M Udyog

xvii) Gravita Georgia Ltd

xviii) Gravita Ghana Ltd.

xix) R.Surana & Company

xx) Surana Associates

c. Associates

i) Navam Lanka Ltd.

ii) Gravita Honduras SA

iii) Pearl Landcon Pvt Limited

d. Key Management Personnel

Dr. Mahaveer Prasad Agarwal

Shri Rajat Agrawal

Shri Rajeev Surana

8. The Company used forward exchange contracts to hedge against its foreign currency exposure relating to the underlying transaction and firm commitments. The Company does not enter into any derivative instruments for trading or speculative purpose. There are no outstanding foreign currency contracts as on 31-Mar-2011.

9. During the year the Company has made an Initial Public Offer (IPO) of 3,600,000 equity shares at a premium of Rs.115 against which total expenses of Rs.261.54 lacs were incurred which were adjusted against Share Premium.

10. The Company has taken certain assets on operating lease agreement with:

A. Archana Gupta and Vijay Gupta

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.11,550

ii. Tenure of the lease: Lease agreement valid till 30th Sept. 2011

iii. Lease Deposit: Rs.11,000

B. Rajat Agrawal

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.33,000

ii. Tenure of the lease: Lease agreement valid till 31st Dec. 2011

iii. Lease Deposit: NIL

C. Rajat Agrawal

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.33,000

ii. Tenure of the lease: Lease agreement valid till 31st Dec. 2011

iii. Lease Deposit: NIL

D. Rajeev Surana (H.U.F)

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.30,000

ii. Tenure of the lease: Lease agreement valid till 28th Feb. 2014

iii. Lease Deposit: NIL

E. Saurabh Farms Ltd.

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.1500

ii. Tenure of the lease: Lease agreement valid till 31st Dec 2011

iii. Lease Deposit: NIL

F. Suraj Mal Jangid

Major Terms of the agreement are as under:

i. Monthly lease rent: Rs.11500

ii. Tenure of the lease: Lease agreement valid till 3rd Nov 2011

iii. Lease Deposit: NIL

11. Company has entered into partnership with Gravita Technomech for 51% share on 3rd March 2011.Company has also entered into partnership with K.M Udyog for 55% share on 30th March 2011.Hence both are new subsidiaries of the company.


Mar 31, 2010

These financial statements are prepared for the period Ol-Apr-2009 to 31-Mar-2010. Corresponding figures are reported for the year ended on 31-Mar-2009.

1. The Company has issued one fully paid up bonus equity shares for every two fully paid equity shares held in the company as on 06-09-2009 as per the share holders approval in the extra-ordinary general meeting of the members of the company held on 27-Aug-2009, by capitalizing a sum of Rs.334.00 (in Lacs) out of Companys general reserve as on 07-09-2009.

2. Contingent Liabilities not provided for:

(Amount in Lacs)

Particulars 31-Mar-2010 31-Mar-2009

Bank Guarantees to Custom authorities for import of Raw material 20.31 25.95 against Advance Licenses:

Bank Guarantees to Excise authorities for CT-1 Bond - 1.25

Letter of Credit 75.55 0.00

3. Estimated amount of contracts remaining to be executed on Capital Account and not provided for- Rs. NIL.

4. The liability in respect of payment under employees leave encashment and gratuity has been provided on actuarial valuation in line with Accounting Standard 15 (Revised). Since there is not much change in the conditions and circumstances between 31-Mar-2009 and 31-Mar-2010, therefore defined benefit obligations are taken on the basis of last year provisions.

5. Micro & Small Enterprises Dues:-

The company has not received any intimation from suppliers regarding their status under the micro, small and medium enterprises development Act 2006 and hence disclosures regarding:

(a) Amount due and outstanding to suppliers as at the end of accounting year.

(b) Interest paid during the year

(c) Interest payable at the end of accounting year

(d) Interest accrued and unpaid at the end of the accounting year, have not been given.

6. Segment Reporting:

The company is a one-segment company in the business of Lead Smelting & Refining. Hence, no further disclosures are required under AS-17, other than those already provided in the financial statements.

7. Related Party Disclosure

a. Subsidiary/Joint Venture

Gravita Exim Limited Gravita Ghana Limited Gravita Mozambique LDA Gravita Senegal S.A. Pagrik Ethiopia P.L.C. Gravita Zambia Limited Penta Exim Pvt. Limited Floret Trade link Private Limited Gravita Georgia Ltd

b. Enterprises having same Key Management Personnel and/or their relatives as the reporting enterprise:

Gravita Impex Pvt. Limited

Saurabh Farms Limited

Gravita Honduras S.A.

Pearl Landcon Pvt. Limited

Navam Lanka Limited

Shah Buildcon Pvt. Limited

Jalousies India Pvt. Limited

Surana Professional Services Pvt Limited

c. Key Management Personnel:

Dr. Mahaveer Prasad Agarwal Shri Rajat Agrawal Shri Rajeev Surana Dinesh Kumar Govil Arun Kumar Gupta Yogesh Mohan Kharbanda

8. The figures of Previous year have been regrouped/reclassified, where necessary, to conform to the current years classification.

 
Subscribe now to get personal finance updates in your inbox!