103 / 168
101
(
`
cr)
NOTE 8 SHORT-TERM BORROWINGS
As at
March 31, 2015
As at
March 31, 2014
a) Secured*
Working capital loans repayable on demand from banks
51.61
129.27
b) Unsecured
Loan from banks including foreign banks
12.52
55.00
c) Commercial papers
100.00
–
d) Deposit from the Directors
0.01
–
164.14
184.27
* Security details:
Secured by hypothecation of tangible current assets, 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
`
70.66 cr (Previous year:
`
103.38 cr)
The maximum amount outstanding of commercial paper during the year was
`
100 cr. (Previous year:
`
25 cr)
(
`
cr)
NOTE 9 TRADE PAYABLES
As at
March 31, 2015
As at
March 31, 2014
Trade payables including acceptances
262.63
319.01
262.63
319.01
Following is the information required to be furnished as per Section 22 of the Micro, Small and Medium Enterprise
Development Act, 2006 (MSMED Act):
(
`
cr)
Particulars
As at
March 31, 2015
As at
March 31, 2014
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
1.31
1.78
Interest due to suppliers registered under the MSMED Act and
remaining unpaid as at year end
0.34
0.26
Principal amounts paid to suppliers registered under the MSMED Act,
beyond the appointed day during the year
0.23
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
0.08
0.26
Further interest remaining due and payable for earlier years
0.26
–
1. There were no other conditions existing, which require a disclosure under MSMED 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 MSMED Act, 2006 as at March 31, 2015.
Notes
to the Financial Statements