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Notes to Accounts of Surya India Ltd.

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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