Atul Ltd Annual Report 2016-17_Aug 8

210 / 236

Atul Ltd | Annual Report 2016-17
Name of entity Principal
activities
Place of
business |
country of
incorporation
Ownership interest held by the Group Ownership interest held by the
non-controlling interests
March 31,
2017
March 31,
2016
April 01,
2015
March 31,
2017
March 31,
2016
April 01,
2015
% % % % % %
Aasthan Dates Ltd Agri products India 100 100 100 – – –
Amal Ltd Chemicals India 36.74 – – 63.26 – –
Anchor Adhesives Private Ltd Chemicals India 100 100 51 – – 49
Atul Aarogya Ltd
Healthcare
products India 100 100 100 – – –
Atul Ayurveda Ltd
Ayurvedic
products India 100 100 100 – – –
Atul Bioscience Ltd Chemicals India 100 100 100 – – –
Atul Biospace Ltd Agri products India 100 100 100 – – –
Atul Brasil Qumicos Ltda Chemicals Brazil 100 100 100 – – –
Atul China Ltd Chemicals China 100 100 100 – – –
Atul Clean Energy Ltd
Renewable
energy India 100 100 100 – – –
Atul Crop Care Ltd Agri products India 100 100 100 – – –
Atul Deutschland GmbH Chemicals Germany 100 100 100 – – –
Atul Elkay Polymers Ltd Polymers India 100 100 100 – – –
Atul Entertainment Ltd Entertainment India 100 100 100 – – –
Atul Europe Ltd Chemicals UK 100 100 100 – – –
Atul Finserv Ltd Investments India 100 100 100 – – –
Atul Finresource Ltd Finance India 100 100 100 – – –
Atul Hospitality Ltd Hospitality India 100 100 100 – – –
Atul Infotech Private Ltd
Information
Technology India 100 100 100 – – –
Atul Middle East FZ-LLC Chemicals UAE 100 100 100 – – –
Atul Nivesh Ltd Investments India 100 100 100 – – –
Atul Rajasthan Date Palms Ltd Agri products India 74 74 74 26 26 26
Atul (Retail) Brands Ltd Retail India 100 100 100 – – –
Atul Seeds Ltd Agri products India 100 100 100 – – –
Atul USA Inc Chemicals USA 100 100 100 – – –
Biyaban Agri Ltd Agri products India 100 100 100 – – –
DPD Ltd Agri products UK 98 98 98 2 2 2
Jayati Infrastructure Ltd Infrastructure India 100 100 100 – – –
Lapox Polymers Ltd Polymers India 100 100 100 – – –
Osia Dairy Ltd Dairy India 100 100 100 – – –
Osia Infrastructure Ltd Infrastructure India 100 100 100 – – –
Raja Dates Ltd Agri products India 100 100 100 – – –
i) Significant judgement: consolidation of entities with less than 50% voting interest
The Management has concluded that the Group controls certain entities (refer Note 29.18), even though it holds less than
half of the voting rights of these entities. This is because the boards of these entities comprise Key Management Personnel
of Atul Ltd. Atul Ltd directs the relevant activities (procurement, production and marketing) of Anchor Adhesives Pvt Ltd
by virtue of a Shareholders’ agreement. This agreement also grants Atul Ltd the right to appoint, reassign or remove Key
Management Personnel comprising Chief Executive Officer and Chief Financial Officer of Anchor Adhesives Pvt Ltd and
to establish and approve its financial and operating budgets. For significant judgements pertaining to control over Amal
Ltd, refer Note 29.17.
b) Non-controlling interests (NCI)
Set out below is summarised financial information for each subsidiary company that has non-controlling interests that
are material to the Group. The amounts disclosed for each subsidiary company are before inter-company eliminations.
Notes to the Consolidated Financial Statements