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Atul Ltd | Annual Report 2011-12
Notes
to financial statements
NOTE 27.6 RELATED PARTY INFORMATION
(contd)
No Name of the related party
Description of relationship
25 Aasthan Dates Ltd
Enterprises over which control exercised by
key management personnel
26 Atul Bio Space Ltd
27 Atul Clean Energy Ltd
28 Biyaban Agri Ltd
29 Raja Dates Ltd
30 Atul Elkay Polymers Ltd
Enterprises over which significant influence
exercised
31 Atul (Retail) Brands Ltd
32 LAPOX Polymers Ltd
33 Osia Infrastructure Ltd
Other related parties
34 Key management personnel
Mr Sunil S Lalbhai
Chairman & Managing Director
Mr Samveg A Lalbhai
Managing Director
Mr Bharathy N Mohanan
Whole time Director
35 Relatives of key management personnel
Dr Vimla S Lalbhai
Mother of Mr Sunil S Lalbhai
Mrs Shreekumari Mohanan
Wife of Mr Bharathy N Mohanan
Ms Swati S Lalbhai
Sister of Mr Sunil S Lalbhai
Ms Nishtha S Lalbhai
Daughter of Mr Sunil S Lalbhai
36 Welfare funds
Key management personnel and employees
are Trustees
Atul Club
Atul Foundation Trust
Atul Kelvani Mandal
Atul Rural Development Fund
Atul Vidyalaya
* Investment held through subsidiary companies.
(
`
cr)
NOTE 27.6 (B) Summary of related party transactions
No Nature of transaction
Subsidiary
companies
Joint
venture
company
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
217.72
0.19
2.66
0.50
–
–
–
–
(180.70)
–
(0.19)
(0.57)
–
–
–
–
2 Interest received
1.11
–
–
–
–
–
–
–
(0.37)
–
–
–
–
–
–
–
3 Sale of technical know-how
1.25
–
–
–
–
–
–
(1.50)
–
–
–
–
–
–
–
4 Service charges received
0.83
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
Purchases and expenses
1 Purchase of goods
2.90
0.72
12.91
–
–
–
–
–
(0.55)
-
(10.60)
–
–
–
–
–
2 Commission paid
1.72
–
–
–
–
–
–
–
(1.24)
–
–
–
–
–
–
–