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Atul Ltd | Annual Report 2017-18
Part B: Associate and joint venture companies
Statement pursuant to section 129 (3) of the Companies Act, 2013 related to joint arrangements
(
`
cr
)
No. Name of the company
Latest audited
Balance Sheet
date
Shares of associate | joint arrangements
held by the Company on the year end
Description
of how there
is significant
influence
Reason why
the associate|
joint
arrangements
is not
consolidated
Net worth
attributable
to
shareholding
as per latest
audited
Balance Sheet
Accumulated
profit | (loss)
Profit | (Loss) for the year
No.
Amount of
investment
Extent of
holding %
Considered in
consolidation
Not
considered in
consolidation
Joint venture company
01 Rudolf Atul Chemicals Ltd March 31, 2018
29,18,750
6.13
50.00% Refer Note 1
NA
11.18
12.00
4.23
4.81
Joint operation
01 Anaven LLP
March 31, 2018
21.56
50.00% Refer Note 2
NA
18.51
0.01
0.01
0.01
Note 1: By representation on the Board of Directors of the joint venture company, the Company participates in the policy-making process.
Note 2: This is a jointly controlled entity.
Notes
to the Consolidated Financial Statements