Atul Ltd 2019-20

Corporate Overview Statutory Reports Financial Statements 192 Atul Ltd | Annual Report 2019-20 01-21 22-91 92-228 c) W orking capital loans repayable on demand from banks are secured by hypothecation of tangible current assets, namely, inventories and book debts and secured by second and subservient charge on immovable and movable assets of the Company and certain subsidiary companies to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letters of credit given by the bankers aggregating to ` 133.02 cr (March 31, 2019: ` 102.31 cr). d) The carrying amount of assets hypothecated | mortgaged as security for current and non-current borrowing limits are: ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 First charge for current and second charge for non-current borrowings i) Inventories 465.04 454.25 ii) Trade receivables 739.05 799.82 iii) Current assets other than inventories and trade receivables 160.14 193.60 1,364.23 1,447.67 First charge for non-current and second charge for current borrowings Property plant and equipment excluding leasehold land 1,100.22 1,082.57 Total assets as security 2,464.45 2,530.24 c) Net debt reconciliation: ( ` cr) Particulars Liabilities from financing activities Current borrowings Non-current borrowings Total Net debt as at March 31, 2018 15.91 - 15.91 (Repayments) | Disbursements (6.50) 45.35 38.85 Interest expense 0.67 0.87 1.54 Interest paid (0.67) (0.87) (1.54) Net debt as at March 31, 2019 9.40 45.35 54.75 (Repayments) | Disbursements 0.99 52.73 53.71 Interest expense 1.29 3.84 5.13 Interest paid (1.29) (3.84) (5.13) Net debt as at March 31, 2020 10.39 98.08 108.47 ( ` cr) Note 17 Other financial liabilities As at March 31, 2020 As at March 31, 2019 Current Non-current Current Non-current a) Current maturities of long-term debt (refer Note 16) 11.50 - 2.21 - b) Employee benefits payable 59.54 - 49.53 - c) Security deposits 28.10 - - 25.42 d) Interest accrued but not due (refer Note 16) - - 0.08 - e) Unclaimed dividends* 3.26 - 2.14 - f) Unclaimed matured deposits and interest thereon* - - 0.01 - g) Derivative financial liabilities designated as hedges (net ) 1.62 - - - h) Creditor for capital goods 57.46 - 81.78 - i) Lease liabilities # - 6.71 - - j) Other liabilities (includes discount payable) 6.78 2.96 2.86 2.61 168.26 9.67 138.61 28.03 *There is no amount due and outstanding to be credited to Investor Education and Protection Fund as at March 31, 2020. # Refer Note 29.12 for disclosure of lease liabilities.