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SCHEDULES TO THE ACCOUNTS<br />
23 NOTES ON ACCOUNTS (contd...)<br />
12. Related Party Disclosures<br />
Related parties with whom transactions have taken place during the year<br />
i Directors/Key Management Personnel:<br />
Mr. Mahendra Agarwal (Managing Director)<br />
Mr. S Bhattacharya (Wholetime Director)<br />
ii Relatives of Key Management Personnel<br />
Mr. Dhruv Agarwal (Son of Mr. Mahendra Agarwal)<br />
iii Associates<br />
Gati Intellects Systems Ltd.<br />
TCI Finance Ltd.<br />
Neera Finance & Investments Pvt. Ltd.<br />
Bunny Investments & Finance Pvt. Ltd.<br />
Giri Roadlines Pvt. Ltd.<br />
Jubilee Commercials & Trading Pvt. Ltd.<br />
Gati Investments Ltd.<br />
Gati Shipping Ltd.<br />
TCI Hi-ways Pvt. Ltd.<br />
TCI Industries Ltd.<br />
(Amount in Rs. Lacs)<br />
SL Nature of Transaction July - June 2003 July - June 2002<br />
A<br />
B<br />
C<br />
Expenditure<br />
i Associates<br />
Consultancy 11.70 12.15<br />
Rent 10.56 9.69<br />
Freight Charges 340.08 677.26<br />
ii Key Management Personnel<br />
Remuneration 55.60 36.38<br />
iii Relative of key Management Personnel<br />
Salary 0.57 –<br />
Receipts<br />
i Associates<br />
Interest 26.87 121.24<br />
Freight 14.93 9.75<br />
Sale of Trucks 8.00 –<br />
Other Charges 35.72 –<br />
Finance & Investment<br />
i Associates<br />
Advances towards fixed Assets - Taken 35.82 492.23<br />
Advances towards fixed Assets - Given – 102.22<br />
Loans - Taken 737.70 1658.95<br />
Loans - Given 727.70 1558.51<br />
Deposit repaid 1.70 2.50<br />
D Balance as on 30th June, 2003<br />
i Associates<br />
Loans and Advances 733.74 654.35<br />
Corporate Guarantees 290.95 6.93<br />
46
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