Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Notes to the Financial Statements Note 27.14 Disclosure requirement under MSMED Act, 2006 The Company has certain dues to suppliers (trade and capital) registered under Micro, Small and Medium Enterprises Development Act, 2006 (‘MSMED Act’). The disclosures pursuant to the said MSMED Act are as follows: ( ` cr) Particulars As at March 31, 2018 As at March 31, 2017 Principal amount due to suppliers registered under the MSMED Act and remaining unpaid as at year end 4.06 3.30 Interest due to suppliers registered under the MSMED Act and remaining unpaid as at year end 0.02 0.02 Principal amounts paid to suppliers registered under the MSMED Act, beyond the appointed day during the year 1.14 2.51 Interest paid, other than under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year – – Interest paid, under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year 0.02 0.01 Interest due and payable towards suppliers registered under MSMED Act, for payments already made – – Further interest remaining due and payable for earlier years – – Note 27.15 Expenditure on Corporate Social Responsibility initiatives a) Gross amount required to be spent by the Company during the year is ` 7.39 cr b) Amount spent during the year on: ( ` cr) Particulars Paid Payable Total i) Construction | acquisition of any asset – – – ii) On purposes other than (i) above 7.39 – 7.39 Note 27.16 Rounding off Figures less than ` 50,000 have been shown at actual in brackets. Note 27.17 Offsetting financial assets and liabilities The below Note presents the recognised financial instruments that are offset, or subject to enforceable master netting arrangements and other similar Agreements, but not offset, as at March 31, 2018 and March 31, 2017. a) Collateral against borrowings The Company has hypothecated | mortgaged financial instruments as collateral against a number of its borrowings. Refer to Note 15 for further information on financial and non-financial collateral hypothecated | mortgaged as security against borrowings. b) Master netting arrangements – not currently enforceable Agreements with derivative counterparties are based on an ISDA Master Agreement. Under the terms of these arrangements, only where certain credit events occur (such as default), the net position owing | receivable to a single counterparty in the same currency will be taken as owing and all the relevant arrangements terminated. As the Company does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Balance Sheet.