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e) Security details:
Working capital loans repayable on demand from banks is 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
`
83.24 cr (March 31, 2016:
`
65.03 cr, April 01, 2015:
`
70.66 cr)
f)
The carrying amount of assets hypothecated | mortgaged as security for current and non-current borrowings are:
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
First charge for current and second charge for non-current
borrowings
i) Inventories
367.89
374.17
349.65
ii) Trade receivables
507.06
420.12
439.19
iii) Current assets other than inventories and trade receivables
153.83
163.41
147.07
1,028.78
957.70
935.91
First charge for non-current and second charge for current
borrowings
Property, plant and equipment excluding leasehold land
909.77
681.11
440.67
Total assets as security
1,938.55
1,638.81
1,376.58
(
`
cr)
Note 16 Other financial liabilities
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Current
Non-
current
Current
Non-
current
Current
Non-
current
a) Current maturities of long-term debt (refer
Note 15)
21.23
–
34.60
–
62.71
–
b) Security deposits
–
19.30
–
18.51
–
14.93
c) Interest accrued but not due
0.18
–
0.42
–
0.66
–
d) Unclaimed dividends *
1.71
–
1.44
–
1.27
–
e) Unclaimed matured deposits and interest
thereon *
0.01
–
0.02
–
0.02
–
f) Creditor for capital goods
18.38
–
17.95
–
8.82
–
g) Other liabilities (includes discount payable)
4.75
2.14
7.49
3.19
9.80
2.40
46.26
21.44
61.92
21.70
83.28
17.33
* There is no amount due and outstanding to be credited to Investor Education and Protection Fund as at March 31, 2017.
(
`
cr)
Note 17 Provisions
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Current
Non-
current
Current
Non-
current
Current
Non-
current
a) Provision for compensated absences
6.08
20.04
5.35
17.23
5.53
15.86
b) Others {refer a (ii) and b below}
1.54
–
1.65
–
1.51
–
7.62
20.04
7.00
17.23
7.04
15.86
a) Information about individual provisions and significant estimates
i)
Compensated absences
The Compensated absences covers the liability for sick and earned leave. Out of the total amount disclosed above,
the amount of
`
6.08 cr (March 31, 2016:
`
5.35 cr, April 01, 2015:
`
5.53 cr) is presented as current, since the
Company does not have an unconditional right to defer settlement for any of these obligations. However, based
on past experience, the Company does not expect all employees to take the full amount of accrued leave or require
payment within the next 12 months.
Notes
to the Financial Statements