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 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)