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Schedules forming part of the Account s
| Annual Report 2008-09
SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS (Contd.)
11 Related party information:
(a) Name of related party and nature of relationship:
No Name of the related party Description of relationship
1 Atul Europe Ltd Subsidiary
2 Atul Americas Inc Subsidiary
3 Atul Deutschland GmbH Subsidiary
4 Atul International Trading (Shanghai) Co. Ltd Subsidiary
5 Ameer Trading Corp Ltd Subsidiary
6 Amal Ltd Associate company
7 Gujarat Synthwood Ltd Jointly promoted company
8 AtRo Ltd Jointly promoted company
9 Key management personnel:
Mr Sunil S Lalbhai - Chairman and Managing Director
Mr Samveg A Lalbhai - Managing Director
Mr J L Shah - Executive Director (up to December 31, 2008)
Mr B N Mohanan - Whole time Director (from January 01, 2009)
10 Relatives of key management personnel:
Dr Vimla S Lalbhai - Mother of Mr Sunil S Lalbhai
Mrs Smita J Shah - Wife of Mr J L Shah
No Name of the related party Subsidiaries Jointly Associate Key Relatives of key
promoted company management management
companies personnel personnel
Sales and income:
1 Sale of goods 14,921.44 – 6.93 – –
(13,768.00) (24.81) – – –
2 Interest received 41.01 – – – –
(8.59) – – – –
3 Supply of services – – – – –
– – (43.35) – –
Purchases and expenses:
1 Purchase of goods 81.09 – – – –
(130.24) – – – –
2 Commission paid 159.61 – – – –
(163.86) – – – –
3 Services charges paid 27.69 – – – –
(27.69) – – – –
4 Remuneration – – – 248.72 –
– – – (215.17) –
5 Discount paid 75.26 – – – –
– – – – –
(b) Transactions with related parties: (Rs in lacs)
73