Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 Schedules forming part of the accounts SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS (contd) 10 Related party information (contd) (a) Name of the related party and nature of relationship No Name of the related party Description of relationship 20 21 22 23 24 25 26 27 28 LAPOX Polymers Private Ltd Atul (Retail) Brands Private Ltd Atul Ayurveda Ltd Atul Crop Care Ltd Atul Entertainment Ltd Atul Hospitality Ltd Atul Medical Care Ltd Jayati Infrastructure Ltd Osia Dairy Ltd Enterprises over which significant influence exercised Other related parties 29 Key management personnel Mr Sunil S Lalbhai Mr Samveg A Lalbhai Mr Bharathy N Mohanan Chairman & Managing Director Managing Director Whole time Director 30 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 31 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 Subsidiary companies 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 178.09 2.80 0.57 – – – – (131.34) (0.32) (0.18) – – – – 2 Interest received 0.37 – – – – – – (0.38) – – – – – – 3 Technical know-how fees 1.50 – – – – – – ( – ) – – – – – – Purchases and expenses 1 Purchase of goods 0.53 10.62 – – – – – (1.43) ( – ) – – – – –