A. As per accounting standard 18, disclosures of the transactions with
related parties as defined in the Accounting Standard are given below.
(i) List of related parties with whom transaction has taken place
Sr.No. Name of the related Party Nature of relationship
1 Swojas Associates Pvt. Ltd. Associate Company
(ii) Key Management Personal (KMP) and Relatives of Key Management
Sr.No. Name of the Person Nature of relationship
1 Ashutosh R.Shah Chairman & Director
2 Ashish R.Shah Managing Directors
3 Sanjeev M.Kokane Director
B. The amount outstanding & payable as at the year end to small scale
& ancillary industries included in sundry creditors is not specified
separately as necessary information for such determination is not
available with the company.
C. Some of the Debit and Credit balances are subject to confirmation
D. Information regards to Purchases, Sales and Stock during the year:
The Company has stopped its production activities in February, 2001.
Hence there are no purchases, sales and stock.
E. The company has not purchased or incurred any expenses in foreign
F. Earning in foreign exchange : NIL
G. Previous years figures have been reworked, regrouped, rearranged &
reclassified wherever necessary.