2010-11 - Grasim

ULTRATECH CEMENT
MIDDLE EAST INVESTMENTS LIMITED
6. Estimated amount of contracts remaining to be executed on capital account and not provided (net of
advances) AED 6.21 Crores / INR 75.40 Crores.
7. Segment reporting
Business Segment:
The Company is exclusively engaged in the business of cement which, in the context of AS 17 “Segment
Reporting”, notified under the Companies (Accounting Standard) Rules, 2006, constitutes one single primary
segment.
Geographical Segment:
Geographical Segment is identified as secondary segment and details are given below:
Geography
AED INR
AED
INR
Crores
Crores Crores
Crores
2010-11 2009-10
U.A.E. 22.19 275.20 0.00 0.00
Bahrain 2.67 33.15 0.00 0.00
Bangladesh 5.15 63.93 0.00 0.00
Tot
otal
30.01 372.28 0.00 0.00
8. Disclosure of related parties / related party transactions
a. Names of related parties with whom transactions were carried out during the year and description of
relationship:
Name of the related party
Nature of relationship
UltarTech Cement Limited, India Parent Company
b. There were no transactions with Key Management Personnel (KMP) and their relatives during the year.
Nature of transaction
AED INR
AED
INR
Crores
Crores Crores
Crores
2010-11 2009-10
Issue of Equity shares 14.88 180.65 0.60 7.34
c. Outstanding Balance as on March 31, 2011:
Nature of transaction
AED INR
AED
INR
Crores
Crores Crores
Crores
2010-11 2009-10
i) Debtors NIL NIL NIL NIL
ii) Loans and Advances NIL NIL NIL NIL
iii) Sundry Creditors 0.03 0.41 NIL NIL
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