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Explore Bosch connections « Dec 09
Notes to Accounts Year End : Dec '10
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.
 
 
 
Source : Dion Global Solutions Limited
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