Investor Presentaiton
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023
Notes:
d.
136
(i)
Cash outflow towards warranty provision would generally occur during the next two years.
(ii)
Provision for employee benefits includes gratuity, post retirement benefits and compensated absence.
(iii) Litigation and related disputes represents estimates mainly for probable claims arising out of litigation/disputes pending with authorities under
various statutes (i.e. Service Tax, Excise and Customs Duty, Electricity/Fuel Surcharge, Cess). The probability and the timing of the outflow with
regard to these matters will depend on the final outcome of the litigations/disputes.
(iv)
(v)
Cash outflow towards CSR provision would generally occur during the next three years.
Figures in brackets are in respect of Previous year.
Related party disclosures:
(a)
Names of related parties and nature of relationship where control exists are as under:
Subsidiary Companies :
i)
MRF Corp Ltd.
ii)
MRF International Ltd.
iii) MRF Lanka (Private) Ltd.
(b)
iv) MRF SG PTE. LTD
Names of related parties and nature of relationship with whom transactions have taken place:
Key Management Personnel (KMP):
i)
Mr. K.M. Mammen, Chairman and Managing Director
ii)
Mr. Arun Mammen, Vice Chairman and Managing Director
iii) Mr. Rahul Mammen Mappillai, Managing Director
v)
Mr. Varun Mammen, Whole-time Director
iv) Mr. Samir Thariyan Mappillai, Whole-time Director
vi) Mr. S. Dhanvanth Kumar, Company Secretary
vii) Mr. Madhu P Nainan, Executive Vice President Finance
Close Members of the family of KMP: i)
Mrs. Ambika Mammen, Director (Wife of Chairman and Managing Director)
ii)
iii)
Dr. (Mrs) Cibi Mammen, Director (Wife of Vice Chairman and Managing Director)
Mrs. Meera Mammen (Mother of Mr. Varun Mammen)
Companies in which Directors
are interested :
Other Related Parties
Badra Estate & Industries Limited, Devon Machines Pvt. Ltd., Coastal Rubber Equipments Pvt. Ltd.
Braga Industries LLP, Jcee Manufacturing & Services Pvt Ltd, Balanoor Plantations
and Industries Limited, Funskool (India) Ltd., VPC Freight Forwarders Pvt. Ltd, The Malayala
Manorama Co. Private Limited, Tarapore and Company, Tarapore Constructions Private Limited,
The J.H Tarapore Foundation.
Mr.Jacob Kurian-Director, MRF Ltd. Executives Provident Fund Trust, MRF Management Staff
Gratuity Scheme, MRF Employees Gratuity Scheme, MRF Managers' Superannuation Scheme,
MRF Foundation. Mr. Philip Eapen, Mr. Mammen Eapen, Mr. Zachariah Kurian, Mr. George Mammen,
Mr. Mammen A MathewView entire presentation