Atul Ltd 2011-12

Atul Ltd | Annual Report 2011-12 Notes to financial statements NOTE 27.6 RELATED PARTY INFORMATION (contd) No Name of the related party Description of relationship 25 Aasthan Dates Ltd Enterprises over which control exercised by key management personnel 26 Atul Bio Space Ltd 27 Atul Clean Energy Ltd 28 Biyaban Agri Ltd 29 Raja Dates Ltd 30 Atul Elkay Polymers Ltd Enterprises over which significant influence exercised 31 Atul (Retail) Brands Ltd 32 LAPOX Polymers Ltd 33 Osia Infrastructure Ltd Other related parties 34 Key management personnel Mr Sunil S Lalbhai Chairman & Managing Director Mr Samveg A Lalbhai Managing Director Mr Bharathy N Mohanan Whole time Director 35 Relatives of key management personnel Dr Vimla S Lalbhai Mother of Mr Sunil S Lalbhai Mrs Shreekumari Mohanan Wife of Mr Bharathy N Mohanan Ms Swati S Lalbhai Sister of Mr Sunil S Lalbhai Ms Nishtha S Lalbhai Daughter of Mr Sunil S Lalbhai 36 Welfare funds Key management personnel and employees are Trustees Atul Club Atul Foundation Trust Atul Kelvani Mandal Atul Rural Development Fund Atul Vidyalaya * Investment held through subsidiary companies. ( ` cr) NOTE 27.6 (B) Summary of related party transactions No Nature of transaction 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 217.72 0.19 2.66 0.50 – – – – (180.70) – (0.19) (0.57) – – – – 2 Interest received 1.11 – – – – – – – (0.37) – – – – – – – 3 Sale of technical know-how 1.25 – – – – – – (1.50) – – – – – – – 4 Service charges received 0.83 – – – – – – – – – – – – – – – Purchases and expenses 1 Purchase of goods 2.90 0.72 12.91 – – – – – (0.55) - (10.60) – – – – – 2 Commission paid 1.72 – – – – – – – (1.24) – – – – – – –