Go Fashion (India) Limited {formerly known as Go Fashion (India) Private Limited}
Notes to the restated financial information
(Amount in Millions, except for share data or as otherwise stated)

Note
No.
39
c

Related party disclosure continued
Balances with related parties

 

Particulars

Subsidiary

KMP

Enterprises owned or significantly influenced by Key Management Personnel /
Directors and their relatives

 

‘As at

 

31/Mar/2021

31/Mar/2020|

31/Mar/2019|

31/Mar/2021

31/Mar/2020|

31/Mar/2019|

30/Jun/2021] _ 30/Jun/2020|

31/Mar/2021

31/Mar/2020|_31/Mar/2019

 

Trade receivables
Meridian Global Ventures Private Limited

0.01

 

Security deposit
Meridian Global Ventures Private Limited

7.20 7.20

7.20

7.20

7.20

 

‘Trade payable
GO Fashion FZE
Meridian Global Ventures Private Limited

0.42

0.03

 

Loan receivable
GO Fashion FZE

 

 

Balances receivable
Ms.Pushpa Saraogi

 

 

 

 

 

 

0.00

 

 

 

 

 

 

The company has provided unsecured loan to Go Fashion FZE amounting to & 34.55 Million (AED 19,55,000), during the financial year 2017-18, repayable on demand, duly authorised by the Board of Directors at their meeting held on
14.06.2017 (AED 1,000,000), 07.09.2017 (AED 400,000), 07.11.2017 (AED 200,000) and 16.02.2018 (AED 355,000). Since the aforesaid amount of % 34.55 Million was not recoverable, it has been written-off in the company's books

for the year ended March 31, 2019.

During the financial year 2018-19, the company had provided an advance to Meridian Global Ventures Private Limited amounting to 30.00 Million ( 30.00 Million in July'18), and it has been fully settled during the s

2018-19 (2 20.00 Million in August '18 and 2 10.00 Million in September '18). Interest at the rate of 7.50% per annum has been charged on the same.
During the financial year 2020-21, the company had provided an advance to Meridian Global Ventures Private Limited amounting to % 221.00 Million ( 84.00 Million in May '20 and % 137.00 Million in July '20), and it has been fully
settled during the same financial year 2020-21 (% 84.00 Million in May '20 and % 137.00 Million in August '20).

255

 

ime financial year
