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Atul Ltd | Annual Report 2013-14
(
`
cr)
NOTE 7 SHORT-TERM BORROWINGS
As at
March 31, 2014
As at
March 31, 2013
(a) Secured*
Working capital loans repayable on demand from banks
129.27
151.09
(b) Unsecured
Loan from banks including foreign banks
55.00
–
(c) Buyers’ credit arrangement
–
9.36
184.27
160.45
* Security details:
Secured by hypothecation of tangible current assets (other than movable plant and equipment), namely,
inventories and book debts of the Company as a whole and also secured by second and subservient charge
on immovable and movable assets of the Company to the extent of individual bank limit as mentioned in joint
consortium documents. This also extends to guarantees and letter of credits given by the bankers aggregating
to
`
103.38 cr (Previous year:
`
86.98 cr)
(
`
cr)
NOTE 8 TRADE PAYABLES
As at
March 31, 2014
As at
March 31, 2013
Trade payables including acceptances
316.87
275.32
316.87
275.32
Following is the information, required to be furnished as per Section 22 of the Micro, Small and Medium Enterprise
Development Act, 2006:
(
`
cr)
Particulars
As at
March 31, 2014
As at
March 31, 2013
The principal amount and the interest due thereon remaining unpaid to
any supplier at the end of each accounting year:
Principal amount due to suppliers registered under the MSMED Act
and remaining unpaid as at year end
1.78
2.19
Interest due to suppliers registered under the MSMED Act and
remaining unpaid as at year end
0.26
–
Principal amounts paid to suppliers registered under the MSMED Act,
beyond the appointed day during the year
19.32
–
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
–
–
Interest due and payable towards suppliers registered under MSMED
Act, for payments already made
0.26
–
Further interest remaining due and payable for earlier years
–
–
1 There were no other conditions existing, which require a disclosure under Micro, Small and Medium Enterprise
Development Act, 2006.
2 Above disclosures have been made based on information available with the Company, for suppliers who are
registered as micro, small and medium enterprise under ‘The Micro, Small and Medium Enterprise Development
Act, 2006’ as at March 31, 2014.
Notes
to the Financial Statements