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Atul Ltd
|
Annual Report 2009-10
10(a)
Name of the related party and nature of relationship: (contd)
No Name of the related party
Description of relationship
SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS
(contd)
Other related parties
19 Key Management Personnel:
Mr Sunil S Lalbhai
Chairman and Managing Director
Mr Samveg A Lalbhai
Managing Director
Mr B N Mohanan
Wholetime Director
20 Relatives of Key Management Personnel:
Dr Vimlaben S Lalbhai
Mother of Mr Sunil S Lalbhai
Mrs Shreekumari Mohanan
Wife of Mr B N Mohanan
Ms Swati S Lalbhai
Sister of Mr Sunil S Labhai
Ms Nishtha S Lalbhai
Daughter of Mr Sunil S Labhai
21 Welfare Funds:
Atul Rural Develpoment Fund
}
Atul Kelavani Mandal
Key management persons and
employees are trustees
Atul Vidyalaya
Atul Club
(b) Material transactions with related parties
(Rs crores)
No Nameoftherelatedparty Subsidiaries Associate
company
Enterpriseover
whichcontrol
exercisedbykey
management
personnel
Enterprise
overwhich
significant
influence
exercised
Key
management
personnel
Relativesof
key
management
personnel
Welfare
Funds
Sales and Income
1 Sale of goods
Atul Europe Limited
67.77
(51.88)
Atul Americas, Inc.
50.57
(68.06)
Atul Bioscience Limited
0.30
-
Atul Biospace Limited
0.18
(-)
Amal Limited
-
(0.07)
2 Interest received
Ameer Trading
Corporation Limited
0.38
(0.41)
Purchases and Expenses
1 Purchase of goods
Atul Americas, Inc.
1.43
(0.81)
2 Commission paid
Atul Europe Limited
0.73
(1.05)
Atul International Trading
(Shanghai) Co Limited
0.27
(0.53)
Schedule
forming part of the accounts
87