Mar 31, 2014
1. Defined Benefit Plan
The employees' gratuity scheme is a defined benefit plan. The present
value of obligation is determined based on actuarial valuation using
the Projected Unit Credit Method. Under the PUC method a projected
accrued benefit is calculated at the beginning of the period and again
at the end of the period for each benefit that will accrue for all
active member of the plan.
2. DISCLOSURES FOR ASSETS UNDER OPERATING LEASES
The company has given office premises on operative lease Ref Note No.8
of Fixed Assets .
3. RELATED PARTY TRANSACTIONS
As per Accounting standard 18, issued by the Institute of Chartered
Accountants of India, the disclosure of transactions with the related
parties as defined in accounting standard as identified by the
management are given below:-
3.1 RELATIONSHIP
a) Key Management Personnel
Preeti Agarwal Managing Director
Priyanka Agarwal Whole Time Director
b) Relatives of key Management Personnel
Anand Agarwal Spouse of Key Management Personnel
Ashish Agarwal Spouse of Key Management Personnel
c) Entities over which key management personnel and their relative are
able to exercise significant influence.- Associates
1. Haldiram Marketing Pvt. Ltd.
2. Haldiram Snacks Pvt. Ltd.
3. M.R. Equipment & Warehousing Pvt. Ltd.
4. Haldiram Products Pvt. Ltd.
5. Haldiram Mfg. Co. Pvt. Ltd.
6. Bright Agrotech Pvt. Ltd
7. Crest Developers Pvt. Ltd.
8. Coral Products Pvt. Ltd.
9. P.D. Tech space Pvt. Ltd.
10. HR Exploration Pvt. Ltd
11. Haldiram Trading Pvt. Ltd.
12. Haldiram Ethnic Foods Pvt. Ltd.
13. Adhunik Realators Pvt. Ltd.
14. HR Snacks Pvt. Ltd.
15. Haldiram Exports Pvt. Ltd.
16. Haldiram India Pvt. Ltd.
17. HR Lifecare Pvt. Ltd.
18. HRB Softech Pvt. Ltd.
19. Haldiram Charitable Society
20. Haldiram Educational Society
21. Haldiram Overseas Ltd.
22. Amit Aqarwal (HUF)
23. M. L. Agarwal (HUF)
24. M.S. Aqarwal (HUFI
25. Pankai Aqarwal (HUF)
26. Ashish Aqarwal (HUF)
27. Anand Aqarwal (HUF)
4. The company has made payment of Rs. 29,58,705/- as security
deposit with Sahara India for maintenance of its flat in term of
conveyance deed of the flat and has shown the same as advances
recoverable in note no 14 to the balance sheet.
5. The company has created a reserve fund by way of transferring a
sum at the rate of 20% of its net profits in accordance with the
directions of the Reserve Bank of India in pursuance of the issuance of
certificate of registration under section of 45 1A of the Reserve Bank
of India Act 1934.
6. The company has made a provision at Rate of 0.25% of its standard
Loans amounting to Rs.2,97,566/- (Previous year Rs. 1,91,506/-) as per
prudential norms issued by Reserve Bank of India.
Mar 31, 2013
1. Defined Benefit Plan
The employees' gratuity scheme is a defined benefit plan. The present
value of obligation is determined based on actuarial valuation using
the Projected Unit Credit Method. Under the PUC method a projected
accrued benefit is calculated at the beginning of the period and again
at the end of the period for each benefit that will accrue for all
active member of the plan.
2. RELATED PARTY TRANSACTIONS
As per Accounting standard 18, issued by the Institute of Chartered
Accountants of India, the disclosure of transactions w|th the related
paries as defined in accounting standard as identified by the
management are given below:-.
2.1 RELATIONSHIP
a) Key Management Personnel
Preeti Agarwal Managing Director
Priyanka Agarwal Whole Time Director
b) Relatives of key Management Personnel
Anand Agarwal Spouse of Key Management Personnel
Ashish Agarwal Spouse of Key Management Personnel
c) Entities over which key management personnel and their relative are
able to exercise significant influence.- Associates
1. Haldiram Marketing Pvt. Ltd.
2. Haldiram Snacks Pvt. Ltd.
3. M.R. Equipment & Warehousing Pvt. Ltd.
4. HRB Foods Pvt. Ltd
5. Ha d ram Products Pvt. Ltd.
6. Haldiram Mfg. co. Pvt Ltd,
7. Bright Agrotech Pvt. Ltd
8. Crest Developer Pvt Ltd.
9 Coral Products Pvt. Ltd
10. Harmony Agrotech Pvt Ltd.
HR Exploration Pvt. Ltd
12. Alpine Medicare Pvt. Ltd.
13. HRB Softech Pvt. Ltd.
14. Haldiram Trading Pvt. Ltd.
15. Haldiram Ethnic Foods Pvt. Ltd
16. Adhunik Realators Pvt. Ltd.
17. HR Snacks Pvt. Ltd.
18. Haldiram Educational Society
19. Haldiram India Pvt. Ltd.
20. HR Life care Pvt. Ltd
21. Haldiram Overseas Ltd
22. Haldiram Charitable Society
23. Haldiram Exports Pvt Ltd
24. M. L. Agarwal (HUF)
25. M.S. Agarwal (HUF)
26. Pankaj Agarwal (HUF)
27. Ashish Agarwal HUF)
28. Anand Agarwal (HUF)
29. Amit Agarwal (HUF)
3. The company has made payment of Rs. 29,58,705/= as security deposit
with Sahara India for maintenance of its flat in term of conveyance
deed of the flat and has shown the same as advances recoverable in
schedule 6 to the balance sheet.
4. The company has created a reserve fund by way of transferring a
sum at the rate of 20% of its net profits in accordance with the
directions of the Reserve Bank of India in pursuance of the issuance of
certificate of registration under section of 45 1A of the Reserve Bank
of India Act 1934.
5. The company has made a provision at Rate of 0.25% of its standard
Loans amounting to Rs. 1 91 506/- (Previous year Rs. 168,285/-) as per
prudential norms issued by Reserve Bank of India.
Mar 31, 2012
1. Defined Benefit Plan
The employees' gratuity scheme is a defined benefit plan. The present
value of obligation is determined based on actuarial valuation using
the Projected Unit Credit Method. Under the PUC method a projected
accrued benefit is calculated at the beginning of the period and again
at the end of the period for each benefit that will accrue for all
active member of the plan.
2. RELATED PARTY TRANSACTIONS
As per Accounting standard 18, issued by the Institute of Chartered
Accountants of India, the disclosure of transactions with the related
parties as defined in accounting standard as identified by the
management are given below:
2.1 RELATIONSHIP
a) Key Management Personnel
Preeti Agarwal Whole Time Director
Priyanka Agarwal Whole Time Director
b) Entities over which key management personnel and their relative are
able to exercise significant influence-associates
1. Haldiram Marketing Pvt. Ltd.
2. Haldiram Snacks Pvt. Ltd.
3. M.R. Equipment & Warehousing Pvt. Ltd.
4. HRB Foods Pvt. Ltd.
5. Haldiram Products Pvt. Ltd.
6. Haldiram Mfg. Co. Pvt. Ltd.
7. Bright Agrotech Pvt. Ltd
8. Crest Developers Pvt. Ltd.
9. Coral Products Pvt. Ltd.
10. Harmony Agrotech Pvt. Ltd.
11. Sharp Foods Pvt. Ltd.
12. Alpine Medicare Pvt. Ltd.
13. HRB Softech Pvt. Ltd.
14. Haldiram Trading Pvt. Ltd.
15. Haldiram Ethnic Foods Pvt. Ltd.
16. Adhunik Realators Pvt. Ltd.
17. HR Snacks Pvt. Ltd.
18. Haldiram Educational Society
19. Haldiram India Pvt. Ltd.
20. HR life care Pvt. Ltd.
21. Haldiram Overseas Ltd.
22. M. L. Agarwal (HUF)
23. M.S. Agarwal (HUF)
24. Pankaj Agarwal (HUF)
25. Ashish Agarwal (HUF)
26. Anand Agarwal (HUF)
27. Amit Agarwal (HUF)
3. The company has made payment of Rs. 29,58,705/- as security
deposit with Sahara India for maintenance of its flat in term of
conveyance deed of the flat and has shown the same as advances
recoverable in Note 13 to the balance sheet.
4. The company has created a reserve fund by way of transferring a
sum at the rate of 20% of its net profits in accordance with the
directions of the Reserve Bank of India in pursuance of the issuance of
certificate of registration under section of 45-1A of the Reserve Bank
of India Act 1934.
5. The company has made a provision at Rate of 0.25% of its standard
Loans amounting to Rs. 1,68,285/-(Previous year Rs. 1,52,700/-) as per
prudential norms issued by Reserve Bank of India.
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