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Atul Ltd | Annual Report 2011-12
(
`
cr)
Notes
to financial statements
NOTE 13 LONG-TERM LOANS AND ADVANCES
As at
March 31, 2012
As at
March 31, 2011
(a) Loans and advances to related parties:*
(i) Secured, considered good
11.29
11.29
(ii) Unsecured, considered good
5.01
5.01
(b) Others:
(i) Capital advances
6.17
6.66
(ii) Security deposits
5.64
3.70
28.11
26.66
* An amount of
`
11.29 cr (Previous year
`
11.29 cr) is given to an associate company as a secured loan. The
said company is registered under BIFR and is implementing its revival plan. First charge over all their assets has
been assigned exclusively in favour of the Company. The Company has also given an unsecured loan of
`
3.59 cr
(Previous year
`
3.59 cr) as Promoter’s contribution (repayable in two equal installments in financial year 2015-16
and 2016-17). 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, 2012
As at
March 31, 2011
(i) Balance with banks in fixed deposits
0.29
1.18
(ii) Balance with Goverment departments:
Tax paid under protest
10.51
9.03
VAT receivable
14.76
12.25
Security deposit
2.00
2.00
27.56
24.46
(
`
cr)
NOTE 15 INVENTORIES *
As at
March 31, 2012
As at
March 31, 2011
(a) Raw materials and packing materials
48.01
51.45
Add: Goods-in-transit
22.73
4.15
70.74
55.60
(b) Work-in-progress
108.27
101.46
(c) Finished goods
78.57
69.62
Add: Goods-in-transit
1.89
1.36
80.46
70.98
(d) Stock-in-trade
3.45
3.71
(e) Stores, spares and fuel
29.58
29.64
Add: Goods-in-transit
0.49
-
30.07
29.64
292.99
261.39
* At cost and net realisable value whichever is lower.