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Atul Ltd | Annual Report 2010-11

SCHEDULE 16 NOTES FORMING PART OF THE CONSOLIDATED ACCOUNTS

(contd)

(c) Material transactions with related parties (contd)

(

`

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

2 Technical know-how fees

M. Dohmen S.A.

0.30

-

-

-

-

-

( - )

-

-

-

-

-

3 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)

-

-

-

4 Remuneration

Mr Sunil S Lalbhai

-

-

-

1.64

-

-

-

-

-

(1.55)

-

-

Mr Samveg A Lalbhai

-

-

-

0.86

-

-

-

-

-

(0.86)

-

-

Mr Bharathy N Mohanan

-

-

-

0.62

-

-

-

-

-

(0.56)

-

-

Mr Chris J Bent

-

-

-

0.07

-

-

-

-

-

(0.07)

-

-

5 Donations

Atul Rural Development Fund

-

-

-

-

-

0.33

-

-

-

-

- (0.20)

6 Contribution to common expenses

Atul Kelavani Mandal

-

-

-

-

-

0.06

-

-

-

-

- (0.06)

Atul Vidyalaya

-

-

-

-

-

0.07

-

-

-

-

- (0.20)

Other transactions

1 Loans given

Amal Ltd

3.59

-

-

-

-

-

( - )

-

-

-

-

-

Atul Bioscience Ltd

5.70

-

-

-

-

-

( - )

-

-

-

-

-

Schedules

forming part of the Consolidated accounts