Atul Ltd 2009-10

86 / 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 Nameof the relatedparty 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