1. SEGMENT REPORTING:
The company is principally engaged in single business segment Viz.,
Iron and Steel Products and operates in one geographical segment as per
Accounting Standard 17 on Segment Reporting. Accordingly no segment
reporting has been made by the company.
2. RELATED PARTY DISCLOSURE:
As Per Accounting Standard -18 issued by the Institute of Chartered
Accountants of India, the disclosures of transactions with related
parties as defined in the Accounting Standard are given below:-
a. Subsidiaries, step down subsidiaries, associates and joint
Surana Power Limited
Surana Green Power Limited
Surana Mines and Minerals Limited, Singapore
Uday Energy India Pvt. Ltd.
b. Step down Subsidiaries:
1). PT Borneo Mines and Minerals Limited, Indonesia
3. The Company has so far not received information from vendors
regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 and hence disclosure relating to amounts unpaid
as at the year-end together with interest paid / payable under this Act
have not been given.
4. As per Accounting Standard (AS-15) Employee Benefits, the
disclosure of employee benefits as defined in the Accounting Standard
is given below:
5. Figures in financial statements and notes have been rounded off to
nearest rupee. Quantity figures have been rounded off to the nearest
6. Previous year''s figures have been regrouped, recast and re
arranged wherever found necessary.