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Atul Ltd | Annual Report 2010-11

Schedules

forming part of the 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

Sales and income

1 Sale of goods

Atul Europe Ltd

99.42

–

–

–

–

–

–

(67.77)

–

–

–

–

–

–

Atul Americas Inc

73.55

–

–

–

–

–

–

(50.57)

–

–

–

–

–

–

2 Interest received

Ameer Trading

Corporation Ltd

0.37

–

–

–

–

–

–

(0.38)

–

–

–

–

–

-

3 Technical know-how fees

Atul Rajasthan Date

Palms Ltd

1.50

–

–

–

–

–

–

( - )

–

–

–

–

–

–

Purchases and expenses

1 Purchase of goods

Amal Ltd

–

10.60

–

–

–

–

–

–

( - )

–

–

–

–

–

2 Commission paid

Atul Europe Ltd

0.87

–

–

–

–

–

–

(0.73)

–

–

–

–

–

–

Atul International

Trading (Shanghai) Co

Ltd

0.37

–

–

–

–

–

–

(0.27)

–

–

–

–

–

–

3 Technical know-how fees

M. Dohmen S.A.

–

0.30

–

–

–

–

–

–

( – )

–

–

–

–

–

4 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)

–

–

–