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Page Background

Atul Ltd | Annual Report 2010-11

Schedules

forming part of the accounts

SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS

(contd)

10 Related party information (contd)

(a) Name of the related party and nature of relationship

No Name of the related party

Description of relationship

20

21

22

23

24

25

26

27

28

LAPOX Polymers Private Ltd

Atul (Retail) Brands Private Ltd

Atul Ayurveda Ltd

Atul Crop Care Ltd

Atul Entertainment Ltd

Atul Hospitality Ltd

Atul Medical Care Ltd

Jayati Infrastructure Ltd

Osia Dairy Ltd

Enterprises over which significant influence

exercised

Other related parties

29 Key management personnel

Mr Sunil S Lalbhai

Mr Samveg A Lalbhai

Mr Bharathy N Mohanan

Chairman & Managing Director

Managing Director

Whole time Director

30 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

31 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

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

178.09

2.80

0.57

–

–

–

–

(131.34)

(0.32)

(0.18)

–

–

–

–

2 Interest received

0.37

–

–

–

–

–

–

(0.38)

–

–

–

–

–

–

3 Technical know-how fees

1.50

–

–

–

–

–

–

( – )

–

–

–

–

–

–

Purchases and expenses

1 Purchase of goods

0.53

10.62

–

–

–

–

–

(1.43)

( – )

–

–

–

–

–