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(c) Material transactions with related parties (contd) ( ` 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 Atul Europe Ltd 99.42 – – – – – – (67.77) – – – – – – Atul Americas Inc 73.55 – – – – – – (50.57) – – – – – – 2 Interest received Ameer Trading Corporation Ltd 0.37 – – – – – – (0.38) – – – – – - 3 Technical know-how fees Atul Rajasthan Date Palms Ltd 1.50 – – – – – – ( - ) – – – – – – Purchases and expenses 1 Purchase of goods Amal Ltd – 10.60 – – – – – – ( - ) – – – – – 2 Commission paid Atul Europe Ltd 0.87 – – – – – – (0.73) – – – – – – Atul International Trading (Shanghai) Co Ltd 0.37 – – – – – – (0.27) – – – – – – 3 Technical know-how fees M. Dohmen S.A. – 0.30 – – – – – – ( – ) – – – – – 4 Service charges paid Atul Bioscience Ltd – 0.58 – – – – – – (1.67) – – – – – Atul Infotech Private Ltd – 1.02 – – – – – – (2.74) – – – – – LAPOX Polymers Private Ltd – – – 1.87 – – – – – – (0.34) – – –