Atul-2011-12

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Atul Ltd | Annual Report 2011-12
Notes to financial statements
( `cr)
NOTE 27.6 (C) Details of material transactions with related parties
No Name of the related party 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
Atul Europe Ltd 115.29 – – – – – – –
(99.42) – – – – – – –
Atul USA Inc (formerly known
as Atul Americas Inc) 88.94 – – – – – – –
(73.55) – – – – – – –
2 Interest received
Ameer Trading Corporation Ltd 1.11 – – – – – – –
(0.37) – – – – – – –
3 Sale of Technical know-how
Atul Rajasthan Date Palms Ltd 1.25 – – – – – – –
(1.50) – – – – – – –
4 Service charges received
Atul Bioscience Ltd 0.83 – – – – – – –
– – – – – – – –
Purchases and expenses
1 Purchase of goods
Amal Ltd – – 9.00 – – – – –
– – (10.60) – – – – –
DPD Ltd 2.00 – – – – – – –
– – – – – – – –
M. Dohmen S.A. – – 3.92 – – – – –
– – – – – – – –
2 Commission paid
Atul Europe Ltd 1.34 – – – – – – –
(0.87) – – – – – – –
Atul China Ltd {formerly
known as Atul International
Trading (Shanghai) Co Ltd} 0.23 – – – – – – –
(0.37) – – – – – – –
3 Technical know-how
M. Dohmen S.A. – – – – – – – –
– – (0.30) – – – – –
4 Service charges
Atul Bioscience Ltd 1.30 – – – – – – –
(0.58) – – – – – – –
Atul Infotech Ltd – – 1.17 – – – – –
– – (1.02) – – – – –
LAPOX Polymers Ltd – – – – 2.59 – – –
– – – – (1.87) – – –
5 Remuneration
Mr Sunil S Lalbhai – – – – – 2.16 – –
– – – – – (1.63) – –
Mr Samveg A Lalbhai – – – – – 1.18 – –
– – – – – (0.86) – –
Mr Bharathy N Mohanan – – – – – 0.74 – –
– – – – – (0.62) – –