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Cosmo First Limited Interim / Quarterly Report 2021
62162_rns_2021-06-12_cc50901e-a850-4b46-a673-d479935c4a63.pdf
Interim / Quarterly Report
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CFL/SEC/SE/PS/2021-22/JUNE/03 June 12, 2021
| The Manager (Listing) | The Manager (Listing) | |
|---|---|---|
| Bombay Stock Exchange Limited | National Stock Exchange of India Ltd. | |
| Phiroze Jeejeebhoy Towers, | Exchange Plaza, Plot no. C/1, G Block, | |
| Dalal Street, | Bandra – Kurla Complex | |
| Mumbai-400 001 | Mumbai-400 051 | |
| Scrip Code: 508814 | Security ID: "COSMOFILMS" |
Sub: Submission of Related Party Transactions for the Half year ended on March 31, 2021
Dear Sir,
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith disclosures of Related Party Transactions on a Consolidated basis, in the format specified in the accounting standards for the half year ended on March 31, 2021.
This disclosure is also being uploaded on the website of the Company i.e. www.cosmofilms.com
You are requested to take the same on your records.
Thanking You
Yours faithfully For Cosmo Films Limited
JYOTI DIXIT Digitally signed by JYOTI DIXIT Date: 2021.06.12 17:23:59 +05'30'
Jyoti Dixit Company Secretary & Compliance Officer
Encl: As Above
Related party disclosures
In accordance with the required Indian Accounting Standard (IndAS-24) on related party disclosures where control exist and where transactions have taken place and description of the relationship as identified and certified by management are as follows:
List of related parties and relationships: A. Subsidiary company
a) CF (Netherlands) Holdings Limited BV., Netherlands b) Cosmo Speciality Chemicals Private Limited (incorporated on 2 March 2020)
- B. Step-down subsidiary companies
- a) Cosmo Films Inc., USA b) Cosmo Films Japan (GK), Japan
c) Cosmo Films Korea Limited, Korea d) CF Investment Holding Private (Thailand) Company Limited, Thailand e) Cosmo Films (Singapore) Pte. Limited, Singapore
C. Enterprises over which Key managerial personnel of the Company and their relatives have significant influence:
a) Sunrise Manufacturing Company Limited b) Pravasi Enterprises Limited c) Cosmo Foundation d) Gayatri & Annapurana (Partnership firm)
f) Cosmo Films Poland Sp Z.O.O, Poland
e) Nangia & Company LLP f) Fawkes Management Private Ltd
D. Key management personnel
a) Mr. Ashok Jaipuria, Chairman and Managing Director of Company b) Mr. Anil Kumar Jain, Director of corporate affairs c) Mr. H. K. Agrawal, Independent Director d) Mrs Alpana Parida, Independent Director e) Mr. Rakesh Nangia, Independent Director (joined w.e.f. 10 November 2020) f) Mr. Pratip Chaudhuri, Non-Independent Director g) Mr. H. N. Sinor, Independent Director h) Mr. Anil Wadhwa, Independent Director i) Mr. Pankaj Poddar, Chief Executive Officer j) Mr. Neeraj Jain, Chief Financial Officer k) Mrs. Jyoti Dixit, Company Secretary
E. Relative of key management personnel
a) Mrs. Yamini Kumar b) Mrs. Aanchal Jaipuria Bhandari
c) Mr. Ambrish Jaipuria d) Mrs. Abha Jaipuria
| (Rs. in Crores) | ||||||
|---|---|---|---|---|---|---|
| Particulars | Subsidiaries andstep-downsubsidiariescompanies | Keymanagementpersonnel andtheir relatives | Enterprisesowned orsignificantlyinfluenced bykey management | Total | ||
| Transactions during the year | ||||||
| 1 | Investment made | |||||
| Cosmo Speciality Chemicals Private Limited | - 18.00 | - | 18.00 | |||
| 2 | Purchase of goods | |||||
| Cosmo Speciality Chemicals Private Limited | 21.09 | - | - | 21.09 | ||
| 3 | Sales | |||||
| Cosmo Films Inc., USA | 63.33 | - | - | 63.33 | ||
| Cosmo Films Korea Limited, Korea | 33.95 | - | - | 33.95 | ||
| Cosmo Films Japan (GK), Japan | 3.06 | - | - | 3.06 | ||
| CF (Netherlands) Holdings Limited BV., Netherlands | 14.57 | - | - | 14.57 | ||
| Cosmo Speciality Chemicals Private Limited | 19.03 | - | - | 19.03 | ||
| 4 | Sales return | |||||
| Cosmo Films Inc., USA | 0.01 | - | - | 0.01 | ||
| CF (Netherlands) Holdings Limited BV.,Netherlands | 0.60 | - | - | 0.60 | ||
| 5 | Sales of property, plant and equipment | |||||
| Cosmo Speciality Chemicals Private Limited | 11.36 | - | - | 11.36 | ||
| 6 | Other operating revenues | |||||
| Cosmo Films Inc., USA | 0.22 | - | - | 0.22 | ||
| Cosmo Films Korea Limited, Korea | 0.13 | - | - | 0.13 | ||
| Cosmo Films Japan (GK), Japan | 0.08 | - | - | 0.08 | ||
| 7 | Reimbursement received for expenses paid (net) | |||||
| Cosmo Films Inc., USA | 0.10 | - | - | 0.10 | ||
| Cosmo Speciality Chemicals Private Limited | 1.03 | - | - | 1.03 | ||
| 8 | Expenses incurred | |||||
| Cosmo Films Japan (GK), Japan | 0.90 | - | - | 0.90 | ||
| CF (Netherlands) Holdings Limited BV., Netherlands | 0.68 | - | - | 0.68 | ||
| 9 | Rent received | |||||
| Parvasi Enterprises Limited | - | - | 0.01 | 0.01 | ||
| Cosmo Speciality Chemicals Private Limited | 0.23 | - | - | 0.23 | ||
| 10 | Professional fees paid | |||||
| Mrs. Yamini Kumar | - | 0.83 | - | 0.83 | ||
| Nangia & Company LLP | - | - | 0.18 | 0.18 | ||
| 12 | Short term employee benefits | - | 18.33 | - | 18.33 | |
| 13 | Post employment benefits* | - | 0.44 | - | 0.44 | |
| 14 | Share based payments | - | 0.22 | - | 0.22 | |
| 15 | Buyback of shares | |||||
| Mr. Ashok Jaipuria | - | 1.26 | - | 1.26 | ||
| Mr. Anil Kumar Jain | - | 0.09 | - | 0.09 | ||
| Mr. Rakesh Nangia | - | 0.11 | - | 0.11 | ||
| Mr. Pankaj Poddar | - | 0.04 | - | 0.04 | ||
| Mr. Ambrish Jaipuria | - | 1.29 | - | 1.29 | ||
| Mrs. Aanchal Jaipuria Bhandari | - | 0.33 | - | 0.33 | ||
| Mrs. Yamini Kumar | - | 0.19 | - | 0.19 | ||
| Mrs Abha Jaipuria | - | 0.09 | - | 0.09 | ||
| Gayatri & Annapurana | - | - | 27.41 | 27.41 | ||
| Fawkes Management Private Ltd | -- | - | 0.74 | 0.74 | ||
| Parvasi Enterprises Limited | - | 0.02 | 0.02 | |||
| 16 | Sitting fee/commission paid | |||||
| Mr. H. K. Agrawal | - | 0.13 | - | 0.13 | ||
| Mrs. Alpana Parida | - | 0.13 | - | 0.13 | ||
| Mr. Pratip Chaudhuri | - | 0.14 | - | 0.14 | ||
| Mr. H. N. Sinor | - | 0.13 | - | 0.13 | ||
| Mr. Anil Wadhwa | - | 0.13 | - | 0.13 | ||
| Mr. Rakesh Nangia | - | 0.13 | - | 0.13 | ||
| 17 | Repayment of loan | |||||
| Mr. Pankaj Poddar | - | (2.04) | - | (2.04) | ||
| 18 | Interest income on loan given | |||||
| Mr. Pankaj Poddar | - | 0.21 | - | 0.21 | ||
| 19 | Corporate social responsibility expenditure | - | ||||
| Contribution to Cosmo Foundation | - | 1.78 | 1.78 |
* Does not include the provision made for gratuity and leave benefits, as they are determined on an actuarial basis for all the employees together.
Outstanding Balances as at March 31, 2021
| SubsidiariesParticularsEnterprisesKeyTotaland step-downowned ormanagementsubsidiariessignificantlypersonnel andcompaniesinfluenced bytheir relativeskey managementOutstanding balances1Trade receivablesCosmo Films Inc., USA33.04--Cosmo Films Korea Limited, Korea18.69-- | (Rs. in Crores) |
|---|---|
| 33.04 | |
| 18.69 | |
| Cosmo Films Japan (GK), Japan2.06-- | 2.06 |
| CF (Netherlands) Holdings Limited BV., Netherlands12.22-- | 12.22 |
| 2Trade payables | |
| Cosmo Speciality Chemicals Private Limited4.27-- | 4.27 |
| 3Receivables against sale of property, plant and equipment | |
| Cosmo Speciality Chemicals Private Limited11.36-- | 11.36 |
| 4Remuneration/commission payable--18.10 | 18.10 |
| 5Loan outstanding | |
| Mr. Pankaj Poddar--7.61 | 7.61 |
| 6Interest receivable | |
| Mr. Pankaj Poddar--0.08 | 0.08 |
Digitally signed by JYOTI DIXIT Date: 2021.06.12 17:24:40 +05'30'