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FIEM INDUSTRIES LIMITED Regulatory Filings 2021
62116_rns_2021-07-26_06409cc6-2287-493e-b722-e541658876d6.pdf
Regulatory Filings
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FIEM INDUSTRIES LIMITED
Unit-VII: Plot No. 1915. Rai Industrial Estate. Phase-V. Sonepat-131029 Haryana (INDIA) Tel. : +91-130-2367905/906/907/908/909/910 Fax: +91-130-2369703
E-mail: [email protected]
July 26, 2021
(through NEAPS)
The Manager, Listing Department, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai -400051
Dear Sir.
Sub: Related Party Transactions for Half Year ended March 31, 01. Requirements) Ref: Regulation 23(9) of SEBI (Listing Obligations a~d DIsc osure Regulations, 2015 (referred herein as Listing Regulations).
. d rt transactions on a consolidated basis for the Please find attached the dlsclosue of reflate ta y if d in the relevant accounting standards as half year ended March 31, 2021, In the oma spec: re per Regulation 23(9) of the Listing Regulations.
This is for your information and records please.
Yours faithfully For Fiem Industries Limited
~.
Arvind K. Chauhan Company Secretary
Encls: Ala
Disclosure of Related Party Transactions on consolidated basis for the half year ended March. 31. 2021
(i) Key Management Personnel (KMP) and their relatives
| Mr. Jagjeevan Kumar Jain | Chairman & Managing Director |
|---|---|
| Mrs. SeemaJain | Whole-timeDirector |
| Ms. Aanchal Jain | Whole-timeDirector |
| Mr. Rahul Jain | Whole-timeDirector |
| Mr. RajeshSharma | Whole-timeDirector |
| Mr. Kashi Ram Yadav | Whole-timeDirector |
| Mr. Ashok Kumar Sharma | Independent Director |
| Mr. Iqbal Singh | Independent Director |
| Mr. Jawahar Thakur | Independent Director |
| Mr. Mohan Bir Sahni | Independent Director |
| Mr. Subodh Kumar Jain | Independent Director |
| Mr. Vinod Kumar Malhotra | Independent Director |
| Ms. Shobha Khatri | Independent Director |
| Mr. OP Gupta | Chief Financial Officer |
| Mr. Arvind Kumar Chauhan | Company Secretary and Compliance Officer |
| Mrs. Pallavi Jain | Vice-President (Spouse of Mr. Rahul Jain, Whole-timeDirector) |
| (ii) Related Parties Controlledby Key Management | Personnel (KMP) |
| Fiem Auto Private Limited | Entity Controlled by Mr. Jagjeevan Kumar Jain |
| Jagjeevan Kumar Jain (HUF) | Entity Controlled by Mr. Jagjeevan Kumar Jain |
| Fiem Auto & Electrical Industries | Entity Controlled by Mr. Jagjeevan Kumar Jain |
| Fiem Foundation (Trust formed for CSR) | Entity Controlled by Key Management Personnel |
| (iii) Joint Ventures | |
| Aisan Fiem AutomotivesIndia Pvt. Ltd | JV incorporatedin India, 26% ownership interest held by the Company |
| Centro Ricerche Fiem Horustech Sri | JV incorporatedin Italy, 50% ownership interest held by the Company |
| Fiem Kyowa (HK) Mould Company Ltd | JV incorporatedin Hong Kong, 50% ownership interest held by the Company |
(iv) Other Related Party
Fiem Industries Limited Group Gratuity Trust
Post-employment benefit plan of Employee's of Fiem Industries Limited
Note:- Transactions and balances with wholly owned subsidiaries are eliminated on consolidation and transaction with the above related arties are as under:-
| Transaction with related party for the half year ended 31/03/2021 | For the half year ended31/03/2021 | |
|---|---|---|
| Rendering of Services to: | (All amounts in INR Lakhs) | |
| -Joint Venture | ||
| Aisan Fiem AutomotivesIndia Pvt. Ltd. | 260.00 | |
| 260,00 | ||
| Sale of Finished Goods to: | ||
| -Joint Venture | ||
| Aisan Fiem AutomotivesIndia Pvt. Ltd. | 0.03 | |
| 0.03 | ||
| Purchase of Goods (Moulds & Dies) from: | ||
| -Joint Venture | ||
| Fiem Kyowa (HK) Mould Company Ltd. | 113.88 | |
| 113.88 | ||
| Purchase of Moulds & Dies for own use from: | ||
| -Joint Venture | ||
| Fiem Kyowa (HK) Mould Company Ltd. | 91.81 |
------------------------------------------------------.--- -
91.81
(All amounts in INR Lakhs)
| Receiving of Services from: | |
|---|---|
| -Related party controlledby KMP | |
| Fiem Auto & Electrical Industries (for brand royalty) | 25,00 |
| 25.00 | |
| Lease Rent Paid to | |
| -Key Management Personnel (KMP) | |
| Ms. Aanchal Jain | 62.88 |
| Mr. Rahul Jain | 30,27 |
| 93.15 | |
| to CorporateContributionSocial ResponsibilityActivities | |
| Fiem Foundation | 75.00 |
| 75.00 | |
| Contributionto Gratuity Fund | |
| Fiem IndustriesLimited Group Gratuity Trust | 299.97 |
| 299.97 | |
| Benefits to Key Managementand their relative | |
| Short-term benefits | 353.99 |
| Sitting Fee | 13.20 |
| Total Compensation | 367.19 |
| -Short-termbenefits | |
| Mr. Jagjeevan Kumar Jain | 62.40 |
| Mrs. Seema Jain | 33.00 |
| Ms. Aanchal Jain | 27.00 |
| Mr. Rahul Jain | . 33.00 |
| Mr. Kashi Ram Yadav | 51.80 |
| Mr. RajeshSharma | 64.50 |
| Mr. OPGupta | 30.90 |
| Mr. Arvind Kumar Chauhan | 36.39 |
| Mrs. Pallavi Jain | 15.00 |
| 353.99 | |
| -Sitti ng Fee | |
| Mr. Iqbal Singh | 2.40 |
| Mr. Ashok Kumar Sharma | 1.50 |
| Mr. Jawahar Thakur | 2.00 |
| Mr. Mohan Bir Sahni | 1.50 |
| Mr. Subodh Kumar Jain | 1.80 |
| Mr. Vinod Kumar Malhotra | 2.50 |
| Ms. Shobha Khatri | 1.50 |
| 13.20 |
Note:. The above short-term benefits does not include provisions for incremental gratuity and leave encashment liabilities since the provisions are based on actuarial valuations for the Company as a whole ..
| Balances outstandingas at 31/03/2021 | As at31/03/2021 |
|---|---|
| (All amounts in INR Lakhs) | |
| Other Current Assets (Advance to Suppliers other than capital goods): | |
| -Joint Venture | |
| Fiem Kyo.wa(HK) Mould Company Ltd | 6.36 |
| 6.36 | |
| Non-Current Investment:(Accounted as per Equity Method) | |
| -Joint Venture | |
| Aisan Fiem AutomotivesIndia Pvt. Ltd. | 2,056.84 |
| Centro Ricerche Fiem Horustech Sri | 16.65 |
| Fiem Kyo.wa(HK) Mould Company Ltd | 25.74 |
| 2,099.22 | |
| Security Deposit Receivables Against Lease Rent | |
| -Key Management and their relative | |
| Ms. Aanchal Jain | 54.68 |
| Mr. Rahul Jain | 26.33 |
| 81.01 | |
| Trade Payable: | |
| -Joint Venture | |
| Centro Ricerche Fiem Horustech Sri | 12.54 |
| Fiem Kyowa (HK) Mould Company Ltd | 21.79 |
| 34.34 | |
| Other Current Financial Liabilities: | |
| -Key Management and their relative | |
| Mr. Jagjeevan Kumar Jain | 0.21 |
| Mrs. Seema Jain | 1.13 |
| Ms. Aanchal Jain | 1.51 |
| Mr. Rahul Jain | 0.75 |
| Mr. RajeshSharma | ·6.65 |
| Mr. Kashi Ram Yadav | 5.94 |
| Mr. OPGupta | 4.02 |
| Mr. Arvind Kumar Chauhan | 4.16 |
| Mrs. Pallavi Jain | 0.11 |
| -Related party controlledby KMP | |
| Fiem Auto. & Electrical Industries | 0.19 |
| 24.66 |
