87 / 148
85
(
`
cr)
NOTE 13 LONG-TERM LOANS AND ADVANCES
As at
March 31, 2014
As at
March 31, 2013
(a) Loans and advances to related parties: *
(i) Secured, considered good
11.29
11.29
(ii) Unsecured, considered good
9.32
9.32
(b) Others:
(i) Capital advances
5.64
6.91
(ii) Security deposits
2.81
4.06
29.06
31.58
* An amount of
`
11.29 cr has been advanced to an associate Company as a secured loan. The said Company
is registered with BIFR and is implementing its revival plan. First charge over all their assets has been assigned
exclusively in favour of the Company. This loan is repayable in three installments during 2017-18 to 2019-20.
The Company has also given an unsecured loan of
`
3.59 cr (Previous year:
`
3.59 cr) as Promoter’s contribution
(repayment will be made as per mutually decided terms and conditions between both the companies subject
to prior approval of BIFR). 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
March 31, 2014
As at
March 31, 2013
(a) Balance with bank in fixed deposits, with maturity beyond 12 months
0.02
0.05
(b) Balance with Government departments:
Tax paid under protest
20.52
10.51
Tax paid in advance, net of provisions
3.95
8.11
VAT receivable
30.13
20.32
Security deposit (see Note 11 (d))
2.00
2.00
(c) Mark-to-Market gains on derivatives
7.69
2.64
64.31
43.63
(
`
cr)
NOTE 15 INVENTORIES *
As at
March 31, 2014
As at
March 31, 2013
(a) Raw materials and packing materials
87.52
89.81
Add: Goods-in-transit
24.58
20.26
112.10
110.07
(b) Work-in-progress
102.70
73.66
(c) Finished goods
126.19
88.74
Add: Goods-in-transit
5.76
3.75
131.95
92.49
(d) Stock-in-trade
3.01
2.75
(e) Stores, spares and fuel
21.83
28.56
Add: Goods-in-transit
4.16
–
25.99
28.56
375.75
307.53
* Goods-in-transit at cost to date and others at cost or net realisable value whichever is lower.
Notes
to the Financial Statements