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Atul Ltd | Annual Report 2010-11
SCHEDULE 16 NOTES FORMING PART OF THE CONSOLIDATED ACCOUNTS
(contd)
(a) Name of the related party and nature of relationship (contd)
No Name of the related party
Description of relationship
Other related parties
23 Key management personnel
In Atul Ltd
Mr Sunil S Lalbhai
Mr Samveg A Lalbhai
Mr Bharathy N Mohanan
In Atul Europe Ltd
Mr Chris J Bent
The Chairman & Managing Director
Managing Director
Whole time Director
Director
24 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
25 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
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
2.80
0.57
-
-
-
-
(0.32)
(0.18)
-
-
-
-
2 Interest received
0.16
-
-
-
-
-
(0.39)
-
-
-
-
-
Purchases and expenses
1 Purchase of goods
10.62
-
-
-
-
-
( - )
-
-
-
-
-
2 Technical know-how fees
0.30
-
-
-
-
-
( - )
-
-
-
-
-
3 Service charges paid
1.62
-
1.87
-
-
-
(4.41)
(0.19)
(0.34)
-
-
-
4 Remuneration
-
-
-
3.11
-
-
-
-
-
(2.97)
-
-
5 Donations
-
-
-
-
-
0.33
-
-
-
-
-
(0.20)
6 Contribution to common expenses
-
-
-
-
-
0.13
-
-
-
-
-
(0.26)
Schedules
forming part of the Consolidated accounts