Atul Ltd 2010-11

SCHEDULE 16 NOTES FORMING PART OF THE CONSOLIDATED ACCOUNTS (contd) (c) Material transactions with related parties (contd) ( ` 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 2 Loan repaid Atul Bioscience Ltd 4.30 - - - - - ( - ) - - - - - 3 Interest paid on fixed deposits Mr Sunil S Lalbhai - - - 0.04 - - - - - (0.03) - - Dr Vimla S Lalbhai - - - - 0.01 - - - - - (0.01) - Ms Nishtha S Lalbhai - - - - 0.03 - - - - - (0.02) - 4 Investments Preference Shares in Amal Ltd* 10.00 - - - - - ( - ) - - - - - Equity Shares in Anchor Adhesives Private Ltd 1.47 - - - - - ( - ) - - - - - Equity Shares in Atul Bioscience Ltd 2.75 - - - - - ( - ) - - - - - Preference Shares in Atul Infotech Private Ltd 2.75 - - - - - ( - ) - - - - - Equity Shares in M. Dohmen S.A. 14.21 - - - - - ( - ) - - - - - Outstanding balances 1 Payables LAPOX Polymers Private Ltd - - 1.88 - - - - - (0.05) - - - 2 Receivables Amal Ltd 15.26 - - - - - (21.29) - - - - - Atul Bioscience Ltd 8.68 - - - - - (5.15) - - - - - Related party relationship is as identified by the Company on the basis of information available with the management and relied upon by the Auditors. * Preference Shares have been issued by Amal Ltd worth ` 10.00 crores in terms of BIFR order. Schedules forming part of the Consolidated accounts 116 | 117