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(ii) Fixed Assets :
All the fixed assets (including additions during the year) are located in India.
20) Related Party Disclosures :
Related party disclosures as required by AS - 18 "Related Party Disclosures" are given below (Related Parties are as
identified by the Company and relied upon by the Auditors):
4.
1 .
List of related parties :
Parties where Control Exists - Subsidiary Companies :
GTC Global Limited
GTC Investment & Finance Limited
Olive Investment & Finance Limited
Rajnigandha Investment & Finance Limited
Panama Investment & Finance Limited
Golden Investment (Sikkim) Private Limited.
2.
Other Parties with whom the Company has entered into transactions during the year :
Key Management Personnel
Mr. J. P. Khetar
Managing Director
Mr. Viney Mehra
Whole Time Director
Mr. N. V. Joshi
Whole Time Director (upto 21/10/2003)
Mr. A. K. Joshi
Whole Time Director (w.e.f. 21/10/2003
B.
During the year, the following transactions were carried out with the related parties in the ordinary course of
business :
(Amount in Rs.)
Subsidiaries
Key
Relatives of
Total
Management
Key Management
Personnel
Personnel
Expenses :
Rent
HITITI
(1,44,000)
(1,44,000)
Remuneration
59,95,296
59,95,296
(39,21,502)
(39,21,502)
Purchase of Goods
(1,04,419)
(1,04,419)
Finance & Investment :
ns & Adv
1,03,41,899
DIDITI
1,03,41,899
(*2,92,69,756)
2,92,69,756)
Amount repaid
1,51,20,075
1,51,20,075
(75,850)
(75,850)
Refund of share application money
1,87,50,000
1,87,50,000
(-)
Outstandings :
Payable
2,71,61,219
5,74,823
2,77,36,042
4,22,81,294)
7,34, 18,305
(96,670)
4,23,77,964)
Receivable
7,34,18,305
6,30,76,406)
6,30,76,406)
Investments
2,31,79,980
2,31,79,980
(2,31,79,980)
(2,31,79,980)
Share Application Money given
(1,87,50,000)
1,87,50,000)
Guarantees provided
8,53,84,205
8,53,84,205
7,99,6
(7,99,68,240)
(Includes assignment of debts of Rs.2,92,65,500)
Notes :
1. No amount pertaining to Related Parties has been provided for as doubtful debts. Also, no amount has been written off/
written back in respect of aforesaid parties during the year.
2
Details relating to remuneration to the above Key Management Personnel has been disclosed in Note no.29 here
below.
Maximum amount of loan due from the subsidiary at any time during the year Rs.7,34, 18,305 (Previous Year Rs.
6,30,76,406).
4. Figures in brackets pertain to previous year.
38
Source: https://www.industrydocuments.ucsf.edu/docs/fsgj0223

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