Page 143 - Annual Report 2019-20

Notes forming part of the financial statements Notes forming part of the financial statements 141

44 (iv) Transactions with Related Parties for the year ended 31 March 2020 are as follows: ( in crores)
st
Nature of Transaction For the year ended 31 March 2020 For the year ended 31 March 2019
st
st
( in crores) Subsidiary Associate KMP/ Total Subsidiary Associate KMP/ Total
Nature of Transaction For the year ended 31 March 2020 For the year ended 31 March 2019 Significant Significant PIDILITE ANNUAL REPORT 2019-20
st
st
Influence of Influence of
Subsidiary Associate KMP/ Total Subsidiary Associate KMP/ Total KMP/Close KMP/Close
Significant Significant member of member of
Influence of Influence of KMP KMP
KMP/Close KMP/Close
member of member of e. Purchase of Goods
KMP KMP Vinyl Chemicals (India) Ltd - 320.83 - 320.83 - 552.41 - 552.41
a. Sales and Related Income nitin Enterprises 39.51 - - 39.51 55.96 - - 55.96
ICA Pidilite Pvt Ltd 47.23 - - 47.23 45.58 - - 45.58
Parekh Marketing Ltd - - 73.97 73.97 - - 98.70 98.70
Cipy Polyurathanes Pvt Ltd 3.22 - - 3.22 - - - -
Pidilite MEA Chemicals LLC 55.35 - - 55.35 47.86 - - 47.86 hybrid Coatings 2.72 - - 2.72 2.35 - - 2.35
nina Percept Private Limited 13.36 - - 13.36 32.62 - - 32.62 Building Envelope Systems India Ltd 2.02 - - 2.02 2.07 - - 2.07
Pidilite Speciality Chemicals 26.44 - - 26.44 19.01 - - 19.01 Sub-Total (e) 94.70 320.83 - 415.53 105.96 552.41 - 658.37
Bangladesh Pvt Ltd f. Royalty Paid
Pidilite Lanka (Pvt) Ltd 9.81 - - 9.81 10.72 - - 10.72 Pidilite Innovation Centre Pte Ltd 2.54 - - 2.54 2.37 - - 2.37
Pidilite Industries Egypt - SAE 8.40 - - 8.40 5.52 - - 5.52 Sub-Total (f) 2.54 - - 2.54 2.37 - - 2.37
Pidilite uSA Inc 5.02 - - 5.02 4.92 - - 4.92 g. Expense for services received
ICA Pidilite Pvt Ltd 0.23 - - 0.23 1.89 - - 1.89 Pidilite uSA Inc 14.28 - - 14.28 15.44 - - 15.44
Pidilite Innovation Centre Pte Ltd 3.92 - - 3.92 4.16 - - 4.16
Cipy Polyurathanes Pvt Ltd 0.05 - - 0.05 - - - -
PT Pidilite Indonesia 0.71 - - 0.71 0.71 - - 0.71
PIL Trading (Egypt) Company 0.66 - - 0.66 1.53 - - 1.53 Pidilite Industries Trading (Shanghai) 0.72 - - 0.72 0.63 - - 0.63
Pidilite Bamco Ltd 0.24 - - 0.24 0.80 - - 0.80 Co. Ltd
Pidilite Chemical PLC 0.14 - - 0.14 0.14 - - 0.14
Pidilite Innovation Centre Pte Ltd 0.72 - - 0.72 0.60 - - 0.60
Sub-Total (g) 19.77 - - 19.77 21.08 - - 21.08
Sub-Total (a) 120.28 - 73.97 194.25 125.47 - 98.70 224.17 h. Investment in Share Capital
b. Royalty and Technical Knowhow Received
ICA Pidilite Pvt Ltd - - - - 26.64 - - 26.64
Pidilite Speciality Chemicals 2.21 - - 2.21 1.83 - - 1.83 Pulvitec do Brasil Industria e - - - - 9.35 - - 9.35
Bangladesh Pvt Ltd Comercio de Colas e Adesivos Ltda
Pidilite MEA Chemicals LLC 0.88 - - 0.88 0.83 - - 0.83 Pidilite Ventures LLC - - - - 7.41 - - 7.41
Pidilite Industries Egypt - SAE 0.75 - - 0.75 0.58 - - 0.58 Pidilite Middle East Ltd - - - - 5.31 - - 5.31
Pidilite Bamco Ltd 0.17 - - 0.17 0.16 - - 0.16 Pidilite International Pte Ltd 18.03 - - 18.03 4.16 - - 4.16
Madhumala Ventures Pvt Ltd 126.49 - - 126.49 - - - -
Bamco Supply and Services Ltd 0.11 - - 0.11 0.08 - - 0.08
Pidilite Litokol Pvt Ltd 0.60 - - 0.60 - - - -
nebula East Africa Pvt.Ltd. 0.05 - - 0.05 0.04 - - 0.04 Pidilite Industries Egypt - SAE 0.32 - - 0.32 - - - -
Sub-Total (b) 4.17 - - 4.17 3.52 - - 3.52 Pidilite Grupo Puma Mfg Ltd 0.01 - - 0.01 - - - -
c. Income from Services Rendered Pidilite Chemical PLC 0.74 - - 0.74 - - - -
nina Percept Private Limited 3.17 - - 3.17 3.68 - - 3.68 Cipy Polyurethanes Pvt Ltd - - - - 8.16 - - 8.16
ICA Pidilite Pvt Ltd 0.14 - - 0.14 0.96 - - 0.96 Sub-Total (h) 146.19 - - 146.19 61.03 - - 61.03
i. Profit on Sale/Transfer of Intangible Assets
Pidilite Lanka (Pvt) Ltd 0.25 - - 0.25 0.25 - - 0.25
ICA Pidilite Pvt Ltd - - - - 33.41 - - 33.41
Pidilite MEA Chemicals LLC 0.23 - - 0.23 0.23 - - 0.23 Sub-Total (i) - - - - 33.41 - - 33.41
Pidilite Speciality Chemicals 0.32 - - 0.32 0.21 - - 0.21 j. Sale of Fixed Asset
Bangladesh Pvt Ltd Parekh Marketing Ltd - - 0.32 0.32 - - - -
Pidilite Bamco Ltd 0.14 - - 0.14 0.16 - - 0.16 Sub-Total (j) - - 0.32 0.32 - - - -
Pidilite Industries Egypt - SAE 0.07 - - 0.07 0.07 - - 0.07 k. Rent Paid/ (Received)
hybrid Coatings 0.06 - - 0.06 0.07 - - 0.07 Smt. Mala Parekh - - 0.71 0.71 - - 0.78 0.78
-
0.08
0.08
0.07
0.07
Building Envelope Systems India Ltd 0.06 - - 0.06 0.04 - - 0.04 Parekh Marketing Ltd 0.03 - (0.08) (0.08) - - (0.06) (0.06)
0.07
0.07
-
-
-
-
0.03
ICA Pidilite Pvt Ltd
-
-
PIDILITE ANNUAL REPORT 2019-20 d. Dividend Received 4.60 1.79 - 4.60 0.00 2.16 - 0.00 l. Reimbursement of expenses made 0.09 - 0.03 0.03 0.06 - - 0.06
-
-
-
nitin Enterprises
-
-
-
Pargro Investment Pvt Ltd
-
-
-
-
-
-
-
0.02
0.02
Pidilite Innovation Centre Pte Ltd
0.02
0.02
-
-
-
0.79
0.79
Sub-Total (k)
-
0.71
0.03
0.74
-
Pidilite East Africa Ltd.
-
0.14
-
0.14
0.00
-
0.00
-
-
Bamco Supply and Services Ltd*
6.11
Pidilite MEA Chemicals LLC
6.11
8.03
8.03
-
-
-
-
-
-
Parekh Marketing Ltd
-
-
Sub-Total (c)
-
5.76
-
5.76
-
-
0.16
-
0.13
0.13
-
Pidilite Speciality Chemicals
-
0.16
Bangladesh Pvt Ltd
-
-
2.16
Vinyl Chemicals (India) Ltd
-
1.79
-
0.09
-
-
PIL Trading (Egypt) Company
-
-
9.77
-
9.77
-
-
0.10
0.10
0.02
-
-
-
0.38
ICA Pidilite Pvt Ltd
0.02
-
-
-
Pidilite uSA Inc
-
-
4.97
-
-
4.97
-
-
-
0.21
-
Pidilite Lanka (Pvt) Ltd
-
-
-
Sub-Total (d)
-
-
140 Pidilite International Pte Ltd - 1.79 - 1.79 14.74 2.16 - 16.90 Pidilite Innovation Centre Pte Ltd 0.38 - - 0.21 0.04 - - 0.04
Sub-Total (l) 7.05 - 0.03 7.08 8.28 - - 8.28