1. Related party transactions
Details of related parties:
Description of relationship Names of related parties
Holding company Katra Holding Ltd, Mauritius
subsidiary Companies Ayurvedagram Heritage wellness
centre Pvt Ltd
Ayu Inc, USA
Ayu Natural Medicine Clinic PS, USA
Ayurvedic Academy Inc., USA
Nutraveda Pte Ltd
CMS katra Holdings LLC, USA
CMS katra Nursings LLC, USA
Associates All Seasons Herbs Pvt. Ltd.
Arudrama Developments Pvt. Ltd.
Asha Medical Foundation Pvt. Ltd.
Global Agrisystem Pvt. Ltd & its
Katra Holding Pvt. Ltd.
Katra Mirine Pvt. Ltd.
Katra Phylochem India Pvt.
Mason & Summers A/cobev Pvt. Ltd.
& its Sudsidiaries
Mason & Summers Leisure Pvt. Ltd.
Seagrow Bio-Technics India Pvt.
Managerial Person-Director Dr. K. Anil kumar
Related of key Managerial Mrs. Snitha Anilkumar Person
Mrs. Chithra Gopinath
Note: Related parties have been identified by the Management.
2. Contingent Liabilities
I. Company has given a corporate guarantee of Rs. 60,000,000/- to Axis
Bank Ltd., towards the Credit facilities availed by subsidiary company
M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.
II. Company has given a corporate guarantee of Rs. 50,000,000/- to
Ratnakar Bank Ltd., toward the Credit facilities availed by subsidiary
company M/s Ayurvedagram Heritage Wellness Centre Pvt, Ltd.
III. The company has given a bank guarantee of Rs. 1,000,000/- to The
Ministry of Indian Affairs, office of protector General of Emigrants,
IV. The company has given a bank guarantee of Rs. 1,000,000/- to Health
& Family Welfare Dept, Government of Kerala towards security deposit
for giving permission to start one year para medical certificate in
V. The company has given a bank guarantee of Rs. 90,000/- to
commissioner, Delhi value Added Tax towards VAT registration at Delhi.
VI. The company has given a bank guarantee of Rs. 50,000/- to
Commissioner, Delhi Value Added Tax towards F Form.
3. Segment results: The company is primarily engaged in Ayurvedic
services and products. Accordingly there is no separate reportable
segment in accordance with AS 17-segemnt reporting prescribed under the
Companies (Accounting Standards) Rules 2006.
4. The revised schedule VI has become effective from April 2011 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Pervious year figures have been re-grouped/reclassified
whenever necessary to correspond with the current year