Amal Ltd 2015-16

71 Notes to the Financial Statements Note 28 Related party disclosures (a) Name of the related party and nature of relationship Name of the Related Party Description of relationship 1. Atul Finserv Ltd Investing Company 2. Atul Ltd Investing Company 3. Key Management Personnel Mr T T P Shaheel Managing Director (upto July 11, 2015) Mr P N Ogale Managing Director (effective July 12, 2015) Mr S R Kalra Chief Financial Officer Mr A T Mankodi Company Secretary (effective August 01, 2015) ( ` 000) (b) Transactions with related parties 2015-16 2014-15 Sales and income 1. Sale of goods (excluding taxes) Atul Ltd 1,90,720 1,53,253 2. Service charges Atul Ltd - 950 Purchases and expenses 1. Purchase of raw materials Atul Ltd - 30 2. Business and auxiliary service charges Atul Ltd 1,419 1,200 3. Reimbursement of expenses recovered | paid Reimbursement paid - Atul Finserv Ltd 11 25 - Atul Ltd 42 30 Reimbursement recovered - Atul Ltd 94 - 4. Lease rent Atul Ltd 8 8 5. Managing Directors’ Remuneration Atul Ltd 594 885 Outstanding balances as at year end 1. Loans payable Atul Ltd 1,66,847 1,66,847 2. Share application money pending allotment Atul Finserv Ltd 24,000 24,000 3. Preference shares Atul Ltd 1,00,000 1,00,000