000_GMM Directors Report-Pg-1-18.indd - GMM Pfaudler Ltd

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GMM PFAUDLER LIMITEDAnnual Report 2009 - 201028. Related Party Disclosures (Continued)(II) Transactions with related parties (` ‘000)Ultimate HoldingTransactionHolding Company Subsidiary Companies Fellow Subsidiaries Key Mgmt. PersonnelCompanyRelative of KeyMgmt. PersonnelOther RelatedParties31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09 31.03.10 31.03.09Purchase of goods – – 199 14,705 3,128 6,003 1,874 – – – – 2,363 927Sale of goods – – – 2,978 4,478 18,042 38,904 15,530 – – – – 72,645 –Purchase of fixed assets – – – – – – – – – – – – 10,815 –Receiving of services – – – – 1,464 80 – 753 – – – – 24,961 23,672Royalty paid – – 7,514 6,710 – – – – – – – – – –Lease Rent paid – – – – – – – – – – – – 6,409 6,140Remuneration paid – – – – – – – – 13,630 13,896 2,524 – – –Interest received – – – – 3,135 5,775 – – 69 100 – – – –Dividend paid – – 20,872 20,872 – – – – 2,907 3,389 1,323 841 – –Deposit received back – – – – 1,167 – – – – – – – – 16,000Commission received on services provided 7,236 4,581 – – – – – – – – – – – –Reimbursement of expenses – 926 – – – – – 12 – – – – 772 –Balance outstanding as on March 31, 2010Payables – – 11,736 7,276 832 2,703 6,004 8,452 5,621 4,448 331 210 6,168 5,516Receivables 653 – – 3,208 173,303 177,223 5,528 20,903 1,225 1,610 – – 54,855 –Deposit outstanding – – – – – – – – – – – – 11,664 10,37246
28 (III) Significant Related Party Transactions are as under:` ‘000Nature of transactions Year Ended Year Ended31.03.10 31.03.09Purchase of goods Mavag AG 14,705 3,128Pfaudler Werke GMBH 5,087 1,218Skyline Millars Limited 2,363 –Glass Lined Equip. Co. Ltd. – 133Pfaudler Balfour Limited – 15Sale of goods Mavag AG – 18,042Pfaudler Werke GMBH 34,820 8,881Pfaudler Balfour Limited – 4,693Pfaudler Inc. – 2,978Bayer Material Science Pvt. Ltd. 72,645 –Suzoh Pfaudler – 1,956Purchase of capital goods Siemens Limited 6,620 –Skyline Millars Limited 2,249 –Receiving Services Ready Mix Concrete Limited 12,733 12,784Glass Lined Equip. Co. Ltd. 9,011 5,836Skyline Millars Limited 3,218 5,023Pfaudler Balfour Limited – 715Lease rent paid Skyline Millars Limited 4,721 4,678Ready Mix Concrete Limited 1,688 1,444Royalty paid Pfaudler Inc. 7,514 6,710Remuneration paid Mr. Ashok J. Patel 9,386 7,975Mr. Ashok Pillai 4,247 3,607Mr. Tarak A. Patel 2,524 2,314Interest Received GMM Mavag AG 3,135 5,775Dividend paid Pfaudler Inc. 20,872 20,872Mr. Ashok J. Patel 2,907 2,90547
Page 1 and 2: BOARD OF DIRECTORS P. KRISHNAMURTHY
Page 4 and 5: GMM PFAUDLER LIMITEDAnnual Report 2
Page 76: GMM MAVAG AGTo the Board of Directo
Page 79 and 80: MAVAG AGTo the Board of Directors o
Page 81 and 82: MAVAG AGIncome Statement for the pe
Page 83 and 84: KARAMSAD HOLDINGS LIMITEDDIRECTORS
Page 85 and 86: KARAMSAD HOLDINGS LIMITEDAUDITORS
Page 87 and 88: KARAMSAD HOLDINGS LIMITEDCASH FLOW
Page 89 and 90: KARAMSAD INVESTMENTS LIMITEDDIRECTO
Page 91 and 92: KARAMSAD INVESTMENTS LIMITEDAUDITOR
Page 93 and 94: KARAMSAD INVESTMENTS LIMITEDCASH FL
Page 95 and 96: KARAMSAD INVESTMENTS LIMITEDREGISTE

000_GMM Directors Report-Pg-1-18.indd - GMM Pfaudler Ltd

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