Atul Ltd 2012-13

127 Notes to Consolidated financial statements NOTE 27.10 INTEREST IN JOINT VENTURE COMPANY The Company has acquired 50 percent interest in Rudolf Atul Chemicals Limited (RACL), a Joint Venture Company in India between IB Industriechemie Beteiligungs GmbH, Germany and Atul Ltd on August 18, 2011. RACL is engaged in the business of manufacturing and marketing textile chemicals. As per the contractual arrangement EHWZHHQ WKH 6KDUHKROGHUV RI 5$&/ ERWK WKH SDUWLHV KDYH VLJQLÀFDQW SDUWLFLSDWLQJ ULJKWV VXFK WKDW WKH\ MRLQWO\ control the operations of the Joint Venture Company. The aggregate amount of assets, liabilities, income and expenses related to the share of the Company in RACL as at and for the year ended March 31, 2013 as per audited ÀQDQFLDO VWDWHPHQWV DUH JLYHQ EHORZ ( ` cr) Particulars As at March 31, 2013 As at March 31, 2012 Balance Sheet Non-current liabilities Deferred tax liabilities (net) 0.06 0.15 Long-term provisions 0.01 0.02 0.07 0.17 Current liabilities Trade payables 3.06 1.65 Other current liabilities 0.27 0.28 Short-term provisions 0.05 0.02 3.38 1.95 Total (A) 3.45 2.12 Non-current assets Tangible assets, net 0.27 0.93 Intangible assets, net 0.72 1.07 Long-term loans and advances 1.50 1.50 2.49 3.50 Current assets Inventories 1.25 1.14 Trade receivables 3.43 2.19 Cash and cash equivalents 2.30 0.98 Short-term loans and advances 0.07 0.27 Other current assets 0.59 0.02 7.64 4.60 Total (B) 10.13 8.10 Net worth (B-A) 6.68 5.98