EXCEL CROP CARE LIMITED C O N T E N T S - BSE
EXCEL CROP CARE LIMITED C O N T E N T S - BSE
EXCEL CROP CARE LIMITED C O N T E N T S - BSE
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SCHEDULE ‘T’ — (Cont’d.)<br />
NOTES TO ACCOUNTS<br />
<strong>EXCEL</strong> <strong>CROP</strong> <strong>CARE</strong> <strong>LIMITED</strong><br />
SCHEDULE FORMING PART OF THE BALANCE SHEET AND THE PROFIT AND LOSS ACCOUNT<br />
(ii) Amounts for the current and previous four periods as per Para 120(n)(i) of Accounting Standard 15 “Employee Benefits” (Revised,<br />
2003)(‘AS-15’) are as follows:<br />
Gratuity (` in lacs)<br />
2011 2010 2009 2008 2007<br />
Defined benefit obligation 24,57.56 20,65.37 16,30.40 12,53.03 3,33.91<br />
Plan assets 22,26.17 16,58.38 14,11.97 11,67.78 —<br />
Surplus/(deficit) (2,31.39) (4,06.99) (2,18.43) (85.25) (3,33.91)<br />
Experience adjustments on plan liabilities 63.06 1,00.79 * * *<br />
Experience adjustments on plan assets 20.43 58.36 * * *<br />
* The disclosure required under Para 120(n)(ii) of AS-15 pertaining to experience adjustments on plan assets and plan liabilities is not given as such<br />
information is not available with the Company.<br />
II. Defined Contribution Plans:<br />
(i) Provident Fund is a defined contribution scheme established under a State Plan.<br />
(ii) Superannuation Fund is a defined contribution scheme. The scheme is funded with an insurance company in the form of a qualifying insurance<br />
policy.<br />
(iii) Defined Contribution Plan:<br />
Current service cost included under the head Personnel Expenses in Schedule ‘Q’<br />
Manufacturing and Other Expenses.<br />
54<br />
Current Year<br />
(` in lacs)<br />
Previous Year<br />
(` In lacs)<br />
Provident Fund and Family Pension Fund 2,02.09 1,83.07<br />
Superannuation Fund 99.74 83.30<br />
16. Related Party Disclosures as required by Accounting Standard (AS)-18 “Related Party Disclosures”, notified by Companies, (Accounting Standards) Rules,<br />
2006 (as amended) are given below:<br />
(A) Relationships:<br />
(1) Subsidiary Companies:<br />
Excel Industries (Australia) Pty Limited<br />
Excel Industries (Europe) N.V.<br />
ECCL Investments and Finance Limited<br />
Excel Genetics Limited<br />
Excel Crop Care (Africa) Limited (w.e.f. 15 June 2010)<br />
Excel Brasil Agronegocious Ltda*<br />
* On 30th March, 2011, the Company established Excel Brasil Agronegocious Ltda, a wholly owned subsidiary company, in Brazil.<br />
The Company has not made any investment in the shares of the said subsidiary company till 31st March, 2011.<br />
(2) Joint Venture:<br />
Multichem Industries (a partnership firm)
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