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annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
Notes on the standalone financial statements
for the year ended 31 March 2017
(
`
in crores)
31 March 2017
31 March 2016 1 April 2015
Investments
(a) Investments in equity shares (unquoted)
Investments in subsidiaries
Soriso Ceramic Private Limited:
15,30,000 (March 31, 2016 : 15,30,000, April 1, 2015 : 15,30,000)
Equity shares of
`
10 each fully paid up
5.62
5.62
5.62
Jaxx Vitrified Private Limited
91,19,500 (March 31, 2016 : 91,19,500, April 1, 2015 : 91,19,500)
Equity shares of
`
10 each fully paid up
24.75
24.75
24.75
Vennar Ceramics Limited
76,50,000 (March 31, 2016 : 76,50,000, April 1, 2015 : 76,50,000)
Equity shares of
`
10 each fully paid up
13.65
13.65
13.65
Cosa Ceramics Private Limited
46,42,040 (March 31, 2016 : 46,42,040, April 1, 2015 : 46,42,040)
Equity shares of
`
10 each fully paid up
11.61
11.61
11.61
Floera Ceramics Private Limited
510,000 (March 31, 2016 : 5,10,000, April 1, 2015 : Nil)
Equity shares of
`
100 each fully paid up
5.10
5.10
-
Kajaria Bathware Private Limited
25,00,000 (March 31, 2016 : 25,00,000, April 1, 2015 : 15,00,000)
Equity shares of
`
10 each fully paid up
40.00
40.00
15.00
Taurus Tiles Private Limited
81,60,000 (March 31, 2016 : 8160,000, April 1, 2015 : 70,50,800)
Equity shares of
`
10 each fully paid up
8.16
8.16
7.05
108.89
108.89
77.68
(b) Investment in LLP (wholly owned entity)
Kajaria Ceramics Kazakhstan LLP
-
-
1.51
Total
108.89
108.89
79.19
Aggregate value of unquoted investments
108.89
108.89
79.19
5. investments
(
`
in crores)
31 March 2017
31 March 2016 1 April 2015
Security Deposits
Unsecured, Considered Good
8.48
7.44
6.56
Deferred Lease expenses
2.71
1.83
2.05
Loans to Related Parties *
Unsecured, Considered Good
179.24
140.35
92.38
Total
190.43
149.62
100.99
6. Loans #
Notes:
# Loans are non-derivative financial assets which generate a fixed or variable interest income for the Company. The carrying value
may be affected by changes in the credit risk of the counterparties.
* Represents loans given to subsidiary companies and include
`
62.18 crores (March 31, 2016:
`
40.24 crores, April 1, 2015:
`
24.37
crores) given to “Kajaria Bathware Private Limited” in which directors of the company are also directors.