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
4 Acquisition of Investment for
non-cash consideration
Rudolf Atul Chemicals Ltd
Transfer of technical know-how – 1.63 – – – – – –
– – – – – – – –
Transfer of trade receivable – 1.24 – – – – – –
– – – – – – – –
Transfer of inventories – 0.26 – – – – – –
– – – – – – – –
5 Investment purchased
(i) Purchase of Atul Bioscience
Ltd Shares from Ameer Trading
Corporation Ltd.
6% Preference Shares in Atul
Bioscience Ltd 2.00 – – – – – – –
– – – – – – – –
10% Preference Shares in Atul
Bioscience Ltd 0.40 – – – – – – –
– – – – – – – –
Equity Shares of Atul
Bioscience Ltd 2.75 – – – – – – –
– – – – – – – –
(ii) Purchase of Atul Bioscience
Ltd Shares from Atul Infotech
Ltd.
Equity Shares of Atul
Bioscience Ltd – – 2.75 – – – – –
– – – – – – – –
6 Guarantees given
Atul Europe Ltd – – – – – – – –
(9.50) – – – – – – –
7 Share application money
Atul Bioscience Ltd 1.00 – – – – – – –
– – – – – – – –
Atul Brasil Qumicos Ltda 0.29 – – – – – – –
– – – – – – – –
8 Advance for land
Gujarat Synthwood Ltd – – 0.64 – – – – –
– – – – – – – –
9 Advance adjusted
Amal Ltd – – 1.90 – – – – –
– – – – – – – –
1 Outstanding balances as at
year end
Payables
Atul Europe Ltd 1.51 – – – – – – –
(0.89) – – – – – – –
Atul Deutschland GmbH 0.84 – – – – – – –
(0.84) – – – – – – –
M. Dohmen S.A. 0.76 – – – – – – –
– – – – – – – –
Rudolf Atul Chemicals Ltd – 0.85 – – – – – –
– – – – – – – –
(contd)