50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
113
Name of the Party
and Nature of
Relationship
Nature of
Transaction
Transaction
Value(2015-16)
Outstanding as at
31.03.2016
Transaction
Value(2014-15)
Outstanding as at
31.03.2015
Subsidiary Cos.
Indian Institute of
Gems & Jewellery,
Andheri
Rent Received
IIJW
Participation
Charges
Contribution
Paid for Building
Repairs
2
2,28,000
18,43,286
(14,364)
2,52,504
Indian Institute of
Gems & Jewellery,
Delhi
IIJW
Participation
Charges
Repayment of
Loan Received
Reimbursement
of Expenses
3,42,000
40,00,000
96,214
6,62,926
3,18,287
43,18,287
Indian Institute of
Gems & Jewellery,
Jaipur
Rent Received
Reimbursement
of Expenses
1
1,30,094
1,52,01,518
1,08,114
1,50,71,424
Indian Institute of
Gems & Jewellery,
Kolkata
Reimbursement
of Expenses
50,326
50,326
-
-
G & J KYC Information
Centre
Reimbursement
of Expenses
43,55,630
43,55,630
-
-
Associates
India Diamond Trading
Centre
Refundable
Seed Fund
Reimbursement
of Expenses
1,66,99,975
11,81,684
1,78,81,659
-
-
Gem & Jewellery Skill
Council of India
-
-
-
-
37.
Disclosure of transactions with related parties as required by the Accounting Standard 18
2
2,58,068
Note: Related Parties as defined under clause 3 of the Accounting Standard 18 – Related Party Disclosures have been
identified by the management and relied upon by the auditors.
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
Amount in Rs.
