1. Segment Information :
The Companys operations predominantly relate to manufacturing and
trading of automotive products. The Company is also manufacturing
industrial equipments and consumer goods which are non-automotive
products. The risks and rewards associated with these two businesses
are significantly different. Therefore, the primary segment consists of
Automotive Products and Others which are essentially non-automotive
products. Secondary segment information is organised in two
geographical segments, namely India and Outside India.
The Accounting principles and policies adopted in the preparation of
the financial statements are also consistently applied to record
revenue/expenditure and assets/liabilities in individual segments.
These are as set out in the note on significant accounting policies.
The inter-segment sales are recorded at cost.
Holding Company : Robert Bosch GmbH, Germany
Other related parties where transactions have taken place during the
year: Fellow Subsidiary Companies:
ADC Technologies International Pte. Ltd., Singapore
ARESI S.p.A., Italy
BeissbarthGmbH, Germany
Bosch (China) Investment Ltd., China
Bosch Automotive Diagnostics Equipment (Beijing) Ltd., China
Bosch Automotive Diesel Systems Co. Ltd., China
Bosch Automotive Electronics India Pvt. Ltd., India
Bosch Automotive Products (Changsha) Co. Ltd., China
Bosch Automotive Products (Suzhou) Co. Ltd., China
Bosch Automotive Thailand Co. Ltd., Thailand
Bosch Chassis Systems India Ltd., India
Bosch Corporation, Japan
Bosch Diesel, s r.o., Czech Republic
Bosch Electrical Drives India Pvt. Ltd., India
Bosch Engineering GmbH, Germany
Bosch Management Support GmbH, Germany
Bosch Packaging Services AG, Switzerland
Bosch Packaging Technology (Hangzhou) Co. Ltd., China
Bosch Packaging Technology (Singapore) Pte. Ltd., Singapore
Bosch Packaging Technology B.V., Netherlands
Bosch Packaging Technology Inc., United States
Bosch Power Tools (China) Ltd., China
Bosch Rexroth (Beijing) Hydraulic Co. Ltd., China
Bosch Rexorth India Ltd., India
Bosch Rexroth AG, Germany
Bosch Rexroth Corporation, United States
Bosch Rexroth Electric Drives and Controls GmbH, Germany
Bosch Sanayi ve Ticaret A.S., Turkey
Bosch Security Systems B.V., Netherlands
Precision Seals Mfg. Ltd., India
Robert Bosch (Australia) Proprietary Limited, Australia
Robert Bosch (France) S.A.S., France
Robert Bosch (Malaysia) SDN. BHD., Malaysia
Robert Bosch (Proprietary) Limited, South Africa
Robert Bosch (South East Asia) Pte. Ltd., Singapore
Robert Bosch AG, Austria
Robert Bosch Argentina Industrial S.A., Argentina
Robert Bosch Car Multimedia Holding GmbH, Germany
Robert Bosch Company Limited, China
Robert Bosch Elektronika Gyarto Kft, Hungary
Robert Bosch Elektrowerkzeuge GmbH, Germany
Robert Bosch Energy and Body Systems Kft., Hungary
Robert Bosch Engineering and Business Solutions Ltd., India
Robert Bosch Espana Fabrica Madrid, S.A., Spain
Robert Bosch Espana Fabrica Treto, S.A., Spain
Robert Bosch Fahrzeugelektrik Eisenach GmbH, Germany
Robert Bosch Fuel Systems LLC, United States
Robert Bosch Inc., Phillipines
Robert Bosch Korea Diesel Ltd., South Korea
Robert Bosch Korea Ltd., South Korea
Robert Bosch LLC, United States
Robert Bosch Limited, Great Britain
Robert Bosch Limited, Thailand
Robert Bosch Limitada, Brazil
Robert Bosch Packaging Technology Inc., United States
Robert Bosch Packaging Technology B.V., Netherlands
Robert Bosch Power tools SDN BHD, Malaysia
Robert Bosch Saratow AG., Russian Federation
Bosch Security Systems Inc., United States
Bosch Security Systems Pty Ltd., Australia
Bosch Sicherheitssysteme GmbH, Germany
Bosch Solar Thin Film GmbH., Germany
Bosch Techniques dEmballage S.A.S., France
Bosch Trading (Shanghai) Co. Ltd., China
BSH Home Appliances FZE., UAE
BT Magnet-Technologie GmbH, Germany
Centro Studi Component Per Veicoli S.p.A., Italy
ETAS Automotive India Private Ltd., India
ETAS Entwicktungs- und Applik.elektronische Systeme GmbH, Germany
MIVIN Engineering Technologies Private Limited, India
Moehwald GmbH, Germany
Nanjing Huade Spark Plug Co. Ltd..China
Ohta Iron Works Co. Ltd., Japan
OOO Bosch Rexroth, Russian Fedaration
Robert Bosch Sdn. Bhd., Malaysia
Robert Bosch Sistemas de Frenos, S.A. de C.V., Mexico
Robert Bosch Taiwan Co. Ltd., Taiwan
Robert Bosch Tecnologia de Embalagem Ltda., Brazil
Robert Bosch Tool Corporation., United States
Robert Bosch Vietnam Co. Ltd., Vietnam
Robert Bosch S. de R.L. de C.V., Mexico
Robert Bosch spol. s r.o..Czech Republic
Scintilla AG, Switzerland
SICAM S.r.l., Italy
Tecnologie Diesel e Sistemi Frenanti S.p.A., Italy
Telex EVI Audio (Hong Kong) Co. Ltd., China
United Automotive Electronic Systems Co. Ltd., China
VCS Video Communication Systems AG., Germany
Weifu High Technology Co. Ltd., China
Note : The information disclosed is based on the names of the parties
as identified by the management.
Subsidiary of the company: MICO Trading Private Limited. Transaction
details below. Reimbursement of expenses - Nil (2009: TINR 3) ;
Receivable - TINR 132 (2009:TINR 132) Investments in Equity shares -
TINR 900 (2009: Nil)
Key Management Personnel: Mr. V.K. Viswanathan, Dr. Manfred Duernholz
Joint Venture : MHB Filter India Private Ltd., Transaction details
below.
Sales - TINR 7,929 (2009: TINR 11,009), Purchases - TINR 601,715 (2009
: TINR 331,868), Services Rendered - TINR 3,285 (2009 : TINR 3,100)
Receivables - TINR 3,190 (2009: TINR 3,636), Payables - TINR 53,886
(2009 : TINR 32,731)
Investments in Equity shares - TINR 14,250 (2009: TINR 78,250)
Other entity under control of the Company: Bosch India Foundation,
Transaction details below.
Donation: TINR 21,473 (2009: TINR 14,500), Amount payable: TINR 21,578
(2009: TINR 14,875)
Names of fellow subsidiaries having transaction value in excess of 10%
in line transactions
Sales - Robert Bosch Korea Diesel Ltd, South Korea TINR 1,360,585
Rent received - Robert Bosch Engineering and Business Solutions Ltd.,
India TINR 265,702
- Bosch Automotive Electronics India Pvt Ltd, India TINR 46,674
Professional, consultancies and other charges - Robert Bosch
Engineering and Business Solutions Ltd., India TINR 363,334
Interest received - Bosch Rexroth (India) Ltd, India TINR 117,072;
MIVIN Engineering Technology Ltd., India TINR 12,403 Loan given - Bosch
Rexroth India Ltd, India TINR 800,000
2. information on leases as per Accounting Standard 19 on Accounting
for Leases:
(a) Finance Lease :
The company does not have any item covered under finance lease which
needs disclosure as per Accounting Standard 19 - Accounting for
Leases.
(b) Operating Lease Expenses :
The Company has various operating leases for equipments, office
facilities, guest houses and residential premises for employees that
are renewable on a periodic basis. Rental expenses for operating leases
recognised in the Profit and Loss Account for the year amounts to TINR
185,947 (2009 .- TINR 179,184).
[Rs. in Thousands (TINR)]
3. Contingent liabilities :
(a) Claims against the Company not acknowledged as debts:
(i) Excise / Customs Net of tax 235 232
Gross 352 352
(ii) Trade Demands Net of tax 155,603
Gross 233,000
(b) Guarantees given by Banks on behalf
of the Company 256,380 200,486
(c) Bills Discounted not matured 845,620 1,064,635
(d) Certain industrial disputes are pending before various judicial
authorities - amounts not ascertainable.
4. Previous years figures have been regrouped/recast, wherever
necessary, to conform to current years classifications.
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