Atul Ltd 2011-12

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) – –