Amal Ltd 2013-14

53 NOTE 30 RELATED PARTY DISCLOSURES a) Name of the related party and nature of relationship Sr No Name of the related party Description of relationship 1 Ameer Trading Corporation Ltd Investing Company 2 Atul Ltd Investing Company Key management personnel 3 Mr Vasudev Koppaka Managing Director ( ` ‘000) (b) Transactions with related parties 2013-14 2012-13 Sales and income 1 Sale of goods Atul Ltd 110,311 124,701 2 Service charges Atul Ltd 1,130 1,233 Purchases and expenses 1 Purchase of goods Atul Ltd 95 142 2 Purchase of capital goods Atul Ltd - 90 3 Service charges Atul Ltd 1,200 1,250 4 Reimbursement of expenses Ameer Trading Corporation Ltd 13 17 Atul Ltd 195 - Other transactions 1 Lease rent Atul Ltd 8 8 2 Managing Directors’ Remuneration Atul Ltd 880 880 Outstanding balances as at year end 1 Loans payable Atul Ltd 166,847 166,847 2 Share application money pending allotment Ameer Trading Corporation Ltd 24,000 24,000 3 Preference shares Atul Ltd 100,000 100,000 4 Payables Advance from customers Atul Ltd 18,667 46,780 Other payables Ameer Trading Corporation Ltd 298 298 Atul Ltd 11,735 17,836 Notes to the Financial Statements