president & cfo - UB Group

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Schedules forming part of account for the year ended March 31, 2009 (Contd.)13. Segment ReportingThe Company is engaged in the business of manufacture, purchase and sale of Beverage Alcohol (Spirits and Wines)including through Tie-up units/ brand franchise, which constitutes a single business segment. The Company’s operationsoutside India did not exceed the quantitative threshold for disclosure envisaged in AS 17 on ‘Segment Reporting’specified in the Companies (Accounting Standard) Rules 2006. In view of the above, primary and secondary reportingdisclosures for business/geographical segment as envisaged in AS-17 are not applicable to the Company.14. Related Party Disclosuresa) Names of related parties and description of relationshipEnterprise where there is controli) Subsidiary Companies:1) United Spirits Nepal Private Limited (USNPL), 2) Asian Opportunities & Investment Limited (AOIL), 3) Bouvet-Ladubay S.A.S (BL)^, 4) Chapin Landais S.A.S (CL)^, 5) Palmer Investment Group Limited(PIG)^, 6) MontroseInternational SA (MI)^, 7) JIHL Nominees Limited (JIHL)^, 8) RG Shaw & Company Limited (RGSC)^, 9) ShawDarby & Company Limited (SDC)^, 10) Shaw Scott & Company Ltd (SSC)^, 11) Thames Rice Milling CompanyLimited (TRMCL)^, 12) Shaw Wallace Overseas Limited (SWOL)^, 13) McDowell (Scotland) Limited (MSL), 14) USLHoldings Limited (USLHL), 15) Royal Challengers Sports Private Limited (RCSPL), 16) Spring Valley InvestmentHoldings Inc (SVIHI)^, 17) USL Holdings (UK) Limited^, 18) United Spirits (UK) Limited^, 19) United Spirits(Great Britain) Limited^, 20) Shaw Wallace Breweries Limited (SWBL), 21) Ramanretti Investment & TradingLimited (RITL)^, 22) Daffodils Fragrance and Flavours Private Limited (DFFPL), 23) Four Seasons Wines PrivateLimited (FSWPL), 24)Herbertsons Limited (HL), 25) United Vintners Limited (UVL), 26) United Alcobev Limited(UAL) , 27) McDowell Beverages Limited (MBL), 28) McDowell & Company Limited, 29) Jasmine Flavours andFragrances Limited, 30) Liquidity Inc, 31) Whyte and Mackay Group Limited^, 32) Whyte and Mackay HoldingsLtd^, 33) Whyte and Mackay Limited (W&M), 34) Whyte and Mackay Warehousing Limited^, 35) Bruce &Company (Leith) Limited^, 36) Charles Mackinlay & Company Limited^, 37) Dalmore Distillers Limited^, 38)Dalmore Whyte & Mackay Limited^, 39) Edinburgh Scotch Whisky Company Limited^, 40) Ewen & CompanyLimited^, 41) Fettercairn Distillery Limited^, 42) Findlater Scotch Whisky Limited^, 43) Glayva Liqueur Limited^,44) Glentalla Limited^, 45) GPS Realisations Limited^, 46) Grey Rogers & Company Limited^, 47) Hay &MacLeod Limited^, 48) Invergordon Distillers (Holdings) Limited^, 49) Invergordon Distillers Group Limited^,50) Invergordon Distillers Limited^, 51) Invergordon Gin Limited^, 52) Isle of Jura Distillery Company Limited^,53) Jarvis Halliday & Company Limited^, 54) John E McPherson & Sons Limited^, 55) Kensington DistillersLimited^, 56) Kyndal Spirits Limited^, 57) Leith Distillers Limited^, 58) Loch Glass Distilling Company Limited^,59) Longman Distillers Limited^, 60) Lycidas (437) Limited^, 61) Pentland Bonding Company Limited^,62) Ronald Morrison & Company Limited^, 63) St The Sheep Dip Whisky Company Limited^, 64) Vincent Street(437) Limited^, 65) Tamnavulin-Glenlivet Distillery Company Limited^, 66) TDL Realisations Limited^, 67) W & SStrong Limited^, 68) Watson & Middleton Limited^, 69) Wauchope Moodie & Company Limited^, 70) Whyte &Mackay Distillers Limited^, 71) William Muir Limited^, 72) WMB Realisations Limited^, 73) Whyte and MackayProperty Limited^, 74) Whyte and Mackay de Venezuela CA^, 75) KI Trustees Limited^, 76) USL ShanghaiTrading Company Limited *.* Became a subsidiary during the year^ No transactions during the year.60
Schedules forming part of account for the year ended March 31, 2009 (Contd.)ii) USL Benefit TrustAssociates with whom transactions have taken place during the yearUtkal Distilleries Ltd (Utkal) (upto July 25, 2008) and Wine Soc. of India Private Limited.Key Management personnelMr. V.K.Rekhi, Managing DirectorEmployees’ Benefit Plans where there is significant influence:Mc Dowell & Company Limited Staff Gratuity Fund (McD SGF), McDowell & Company Limited Officers' GratuityFund (McD OGF), SWDL Group Officers Gratuity Fund (SWDL OGF), SWDL Employees Gratuity Fund (SWDLEGF), Herbertsons Limited Employees Gratuity Fund (HL EGF), Phipson & Company Limited Management StaffGratuity Fund. (PCL SGF), Phipson & Company Limited Gratuity Fund. (PCL GF), Carew & Company Ltd. GratuityFund (CCL GF), McDowell & Company Limited Provident Fund (McD PF), Herbertsons Limited ExecutivesProvident Fund (HL EPF) and The Bengal Distilleries Company Limited Staff Provident Fund (BD PF), ShawWallace & Associated Companies Employees Gratuity Fund (SWCEGF), Shaw Wallace & Associated CompaniesExecutive Staff Fund (SWCSGF), Shaw Wallace & Co. Associated Companies Provident Fund (SWCPF).61
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CONTENTSDr. Vijay MallyaChairmanRep
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