Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 Schedules forming part of 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 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 Atul Europe Ltd 6.83 – – – – – – (–) – – – – – – Equity Shares in Anchor Adhesives Private Ltd – 1.47 – – – – – – (–) – – – – – 5 Guarantees given Atul Europe Ltd 9.50 – – – – – – (–) – – – – – – Outstanding balances 1 Payables Atul Europe Ltd 0.89 – – – – – – (0.17) – – – – – – Atul Deutschland GmbH 0.84 – – – – – – (0.14) – – – – – – LAPOX Polymers Private Ltd – – – 1.88 – – – – – – (0.05) – – – 2 Receivables Atul Europe Ltd 27.75 – – – – – – (28.27) – – – – – – Atul Americas Inc 15.24 – – – – – – (9.45) – – – – – – Ameer Trading Corporation Ltd 13.40 – – – – – – (5.66) – – – – – – Amal Ltd – 15.26 – – – – – – (21.29) – – – – – 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.