Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 SCHEDULE 16 NOTES FORMING PART OF THE CONSOLIDATED ACCOUNTS (contd) (a) Name of the related party and nature of relationship (contd) No Name of the related party Description of relationship Other related parties 23 Key management personnel In Atul Ltd Mr Sunil S Lalbhai Mr Samveg A Lalbhai Mr Bharathy N Mohanan In Atul Europe Ltd Mr Chris J Bent The Chairman & Managing Director Managing Director Whole time Director Director 24 Relatives of key management personnel Dr Vimla S Lalbhai Mrs Shreekumari Mohanan Ms Swati S Lalbhai Ms Nishtha S Lalbhai Mother of Mr Sunil S Lalbhai Wife of Mr Bharathy N Mohanan Sister of Mr Sunil S Lalbhai Daughter of Mr Sunil S Lalbhai 25 Welfare Funds Atul Rural Development Fund Atul Kelvani Mandal Atul Vidyalaya Atul Club Key management persons and employees are trustees (b) Transactions with related parties ( ` crores) No Name of the related party Associate companies Enterprises over which control exercised by key management personnel Enterprises over which significant influence exercised Key management personnel Relatives of key management personnel Welfare Funds Sales and income 1 Sale of goods 2.80 0.57 - - - - (0.32) (0.18) - - - - 2 Interest received 0.16 - - - - - (0.39) - - - - - Purchases and expenses 1 Purchase of goods 10.62 - - - - - ( - ) - - - - - 2 Technical know-how fees 0.30 - - - - - ( - ) - - - - - 3 Service charges paid 1.62 - 1.87 - - - (4.41) (0.19) (0.34) - - - 4 Remuneration - - - 3.11 - - - - - (2.97) - - 5 Donations - - - - - 0.33 - - - - - (0.20) 6 Contribution to common expenses - - - - - 0.13 - - - - - (0.26) Schedules forming part of the Consolidated accounts