Annual Report - Brandhouse Retails
Annual Report - Brandhouse Retails
Annual Report - Brandhouse Retails
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BRANDHOUSE<br />
R E T A I L S<br />
8 TH ANNUAL REPORT 2011-12<br />
Key enterprises in which directors are interested.<br />
SKNL International B.V.<br />
SKNL europe B.V.<br />
SKNL Italy S.P.A<br />
SKNL Global Holding B.V.<br />
LeGGIUNO S.P.A.<br />
SKNL North America B.V.<br />
N ‘ essence Holdings Limited.<br />
S. Kumars (U.K.) Ltd.<br />
Anjaneya Foundation.<br />
SKNL Foundation.<br />
Remala Trading B.V.<br />
Coppley Corp<br />
HMX Poland sp. Z.o.o<br />
HMX Acquisition Corp.<br />
HMX Des Plaines LLC.<br />
Quartet Real estate LLC.<br />
HMX LLC.<br />
HMX, DTC Co.<br />
Marling & evans Ltd, U.K.<br />
Global Apparel (U.S) Limited<br />
Global Apparel (France) Limited.<br />
Global Apparel (Hongkong) Limited.<br />
7172931 Canada Limited<br />
Key Management Personnel Mr. Nitin S. Kasliwal – Chairman & Managing Director<br />
Mrs. Jyoti N. Kasliwal – Director<br />
Relatives of Key Management Personnel Ms. Anjani N. Kasliwal (Daughter of Shri Nitin S. Kasliwal<br />
and Smt Jyoti N. Kasliwal)<br />
Transactions with Related Parties: (` in Lacs)<br />
Nature of Transactions subsidiary Company key Enterprises in which Relatives of key<br />
brandhouse Oviesse Ltd<br />
As at<br />
31 st March<br />
2012<br />
As at<br />
31 st March<br />
2011<br />
57<br />
directors are interested.<br />
As at<br />
31 st March<br />
2012<br />
Notes to the financial statements<br />
As at<br />
31 st March<br />
2011<br />
Management Personnel<br />
As at<br />
31 st March<br />
2012<br />
As at<br />
31 st March<br />
2011<br />
Purchases of Goods - - 67,480.17 65,290.18 - -<br />
Salary - - - - 17.00 17.00<br />
Investments 2,898.10 1,280.70 - - - -<br />
Share Application Money - 17.39 - - - -<br />
Outstanding as on<br />
31st March 2012<br />
- 17.39 18,401.12 19,585.62 - -<br />
i) Related party relationships are as identified by the management and have been relied upon by the Statutory Auditors.<br />
ii) There is no amount written off or written back to/ from related parties.<br />
NOTE: 37.<br />
The Company has obtained various stores on operating Lease. Lease payments made during the year debited to Statement<br />
of Profit and loss is ` 2,107.31 Lacs (Previous Year ` 2,370.43 Lacs). The amount of future minimum lease payments/<br />
commitment under Non Cancelable operating Lease is as under:<br />
(` in Lacs)<br />
Period As at<br />
31st As at<br />
March 2012 31st March 2011<br />
Not later than one year 1,987.74 2,178.15<br />
Later than one year but not later than five years 10,012.19 10,676.90<br />
Later than five years 10,037.24 11,466.39