1) Related party disclosure:
Related party disclosure as required by AS-18,"Related Party Disclosure", is given below:
I. Parties where control exists:
Related Party __Relationship_
SPGPrints B.V.__Holding Company_
SPGPrints Group B.V.__Holding Company of SPGPrints B.V.
Print II B.V.__Ultimate Holding Company_
Atul Sugar Screens Private Limited Wholly-owned Subsidiary
II. Fellow Subsidiaries where common control exists and transactions have taken place:
- SPGPrints Printing Systems Wuxi Co Ltd.
- SPGPrints Austria GMBH
- Veco B.V.
- SPGPrints Brasil Ltda.
- SPGPrints Mexico S.A. De C.V
III. Key Management Personnel:
Mr. Shailesh Wani Managing Director
c) Other Disclosure
1 Segment have been identified in line with the Accounting Standard -17 "Segment Reporting" taking into account the organization structure as well as the differing risks and returns.
2 Company has disclosed business segment as the primary segment.
3 Composition of business Segment:
Name of Segment__Comprises_
Textile Consumables and Textile Perforated Rotary Screens, Lacquer & Auxiliary Machinery Chemicals, Rotary Screen Printing Machine,
Engraving Equipment, Components and Spares,
Graphics Product__Anilox Rollers, Rotamesh screens and RotaPlate
Galvanic Galvano consumables
Operating Lease : As a Less or
The Company has given Land and Building on operating lease. This lease arrangement is for a period of 7 years and it is non-cancellable. This lease is renewable for the further period on mutually agreeable terms:
Operating Lease : As a Lessee
The Company has entered into cancellable lease agreements for premises for a period of one year. The lease rentals aggregating Rs. 1,681,800 (Previous Year Rs. 384,000) have been included under the head "Other Expenses" Note 27 "Rent" of Statement of Profit and Loss.
3) Previous year figures have been reclassified to conform to this year's classification.