General information about company

Name of The CompanyAUSTIN ENGINEERING COMPANY LIMITED
BSE Scrip Code522005
NSE Symbol
MSE SymbolAUSTENG
Date of Start of Financial Year01-04-2021
Date of End of Financial Year31-03-2022
Reporting PeriodSecond half yearly
Date of Start of Reporting Period01-10-2021
Date of End of Reporting Period31-03-2022
Level of rounding used in financial resultsLakhs
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes



Related party transactions

A. Details of related party

Sr1234567891011121314
Name of the related partyMAX PRECISION BEARING PVT. LTD.ACCUMAX ENGINEERING COMPANYACCORD PRECISION PRODUCTHIREN N VADGAMARAJAN R BHAMBHANIASIDDIK A KOTALNIRALI S DOSHI ( UP TO 31-01-2022 )SHAHID S KOTALNAROTTAM C VADGAMA - HUFRAMNIKLAL N BAMBHANIA - HUFJIGNESH S THANKISHASHIKANT M THANKI - HUFHIRAL A. SHAH ( From 01-02-2022 )AUSTIN ENGINEERING CO. U.S.A
Categories of related partiesPromoters GroupPromoters GroupPromoters GroupKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentKey management personnel of entity or parentPromoters GroupPromoters GroupKey management personnel of entity or parentPromotersKey management personnel of entity or parentSubsidiaries
description of relationshipSon of Non Executive Director Anila S ThankiDirector Hiren N Vadgama as a partnerDirector Hiren N Vadgama as a TrusteesDIRECTOR DIRECTOR C.F.OCOMPANY SECRETARYSon of CFO Siddik A KotalFather's Huf of Director Hiren N. VadgamaFather's Huf of Director Rajan R. BambhaniaSon of Non Executive Director Anila S ThankiHusbands Huf of Non Executive Director Anila S ThankiCOMPANY SECRETARYsubsidiaries
PAN of related partyAANFM5056HAAYFA5978RAADFA4199HAAUPV9105FABYPB5378DACWPK1827BCEWPD1787DAZSPK4588QAAAHV9956NAABHB2605KAAUPT4736AAAAHT4380ACWZPS5771HZZZZZ9999Z
CIN of related partyU29130GJ2006PTC048925

B. Details of related party transactions

Purchase of goods and services1305802055533500000000000
Sale of goods and services135657691924800000000000135925383
Purchase of fixed assets00000000000000
Sale of fixed assets00000000000000
Rendering of services3008440000000000000
Receiving of services1325625532441223438977800000000000
Leases 00000000000000
Loans and advances given00000000000000
Loans and advances taken00000000000000
Loans and advances given that are repaid00000000000000
Loans and advances taken that are repaid00000000000000
Deposits placed 00000000000000
Deposits taken00000000000000
Transfer of research & development00000000000000
Transfers under lease agreement00000000000000
Equity investment00000000000000
Impairment in equity investment00000000000000
Expense for bad or doubtful debts00000000000000
Guarantees or collateral given00000000000000
Guarantees or collateral taken00000000000000
Interest income00000000000000
Interest paid00000000875776620866013432300
Dividend income00000000000000
Dividend paid00000000000000
Management contracts including for deputation of employees00000000000000
Settlement of liabilities by entity on behalf of related party00000000000000

Remuneration

Short term employee benefits00000000000000
Post employment benefits00000000000000
Other long-term benefits00000000000000
Termination benefits00000000000000
Share based payments00000000000000
Others0002599086127059559068214328526780005757900240150

C. Outstanding balances

Receivables

Secured000000000000081944865.07
Un Secured00000000000000

Payables

Secured290730818670869318022000008106384.935746877.9301243327.9300
Un Secured00000000000000

Loans and advances given

Secured00000000000000
Un Secured00000000000000

Loans and advances taken

Secured00000000000000
Un Secured00000000000000

Deposits placed

Secured00000000000000
Un Secured00000000000000

Deposits taken

Secured00000000000000
Un Secured00000000000000

Guarantees or collateral given

Secured00000000000000
Un Secured00000000000000

Guarantees or collateral taken

Secured00000000000000
Un Secured00000000000000

Investment in equity

Secured00000000000000
Un Secured00000000000000

Provision for doubtful debt

Secured00000000000000
Un Secured00000000000000

Note

Subsidiary in USA no PAN & CIN applicable