Atul Ltd 2011-12

Atul Ltd | Annual Report 2011-12 ( ` cr) NOTE 13 LONG-TERM LOANS AND ADVANCES As at March 31, 2012 As at March 31, 2011 (a) Loans and advances to related parties:* (i) Secured, considered good 11.29 11.29 (ii) Unsecured, considered good 5.01 5.01 (b) Others: (i) Capital advances 6.63 6.66 (ii) Security deposits 5.67 3.70 28.60 26.66 * An amount of ` 11.29 cr (Previous year ` 11.29 cr) is given to an associate company as a secured loan. The said company is registered under BIFR and is implementing its revival plan. First charge over all their assets has been assigned exclusively in favour of the Company. The Company has also given an unsecured loan of ` 3.59 cr (Previous year ` 3.59 cr) as Promoter’s contribution (repayable in two equal installments in financial year 2015-16 and 2016- 17). Considering the progress of the revival plan and the present market value of assets, these amounts included under loans and advances are considered as good and recoverable. ( ` cr) NOTE 14 OTHER NON-CURRENT ASSETS As at As at March 31, 2012 March 31, 2011 (i) Balance with bank in fixed deposits 0.31 1.18 (ii) Balance with Goverment departments: Tax paid under protest 10.52 9.03 VAT receivable 14.75 12.25 Security deposit 2.00 2.00 27.58 24.46 ( ` cr) NOTE 15 INVENTORIES * As at March 31, 2012 As at March 31, 2011 (a) Raw materials and packing materials 50.28 51.45 Add: Goods-in-transit 22.73 4.15 73.01 55.60 (b) Work-in-progress 108.27 101.46 (c) Finished goods 114.88 89.87 Add: Goods-in-transit 1.89 1.72 116.77 91.59 (d) Stock-in-trade 3.45 3.71 (e) Stores, spares and fuel 29.58 29.64 Add: Goods-in-transit 0.49 - 30.07 29.64 331.57 282.00 * At cost and net realisable value whichever is lower. Notes to Consolidated financial statements