Atul Ltd 2012-13

Atul Ltd | Annual Report 2012-13 Notes to financial statements ( ` cr) NOTE 27.1 CONTINGENT LIABILITIES As at March 31, 2013 As at March 31, 2012 (i) Claims against the Company not acknowledged as debts in respects of: (a) Excise 5.84 6.25 (b) Income tax 35.03 27.70 (c) Sales tax - 0.74 (d) Customs 2.78 2.78 (e) Water charges 71.92 68.63 (f) Others 13.54 13.26 1RWH )XWXUH FDVK RXWÁRZV LQ UHVSHFW RI D WR I DERYH DUH determinable on receipt of judgements | decisions pending with various forums | authorities. (ii) Guarantees given by the Company : (a) Corporate guarantee to a bank on behalf of subsidiary company for facilities availed by them 8.23 1.11 ( ` cr) NOTE 27.2 COMMITMENTS As at March 31, 2013 As at March 31, 2012 Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) 20.56 13.97 NOTE 27.3 RESEARCH AND DEVELOPMENT Details of expenditure incurred on in-house Research and Development (R&D) facilities approved by Department of 6FLHQWLÀF DQG ,QGXVWULDO 5HVHDUFK 0LQLVWU\ RI 6FLHQFH DQG 7HFKQRORJ\ *RYHUQPHQW RI ,QGLD XQGHU 6HFWLRQ $% of Income Tax Act, 1961. ( ` cr) Particulars 2012-13 2011-12 Capital expenditure 3.80 0.40 Recurring expenditure 12.88 10.48 16.68 10.88 ( ` cr) NOTE 27.4 CIF VALUEOF IMPORT, EXPENDITURE, REMITTANCES AND EARNINGS IN FOREIGN CURRENCY 2012-13 2011-12 (a) CIF value of imports: Raw materials 313.91 309.54 7UDGLQJ ÀQLVKHG JRRGV 10.98 11.03 Capital goods 4.45 5.47 (b) Expenditure in foreign currency: Commission 4.72 4.24 Other matters 16.67 8.58 (c) Other remittances: Loan repayments 153.83 210.68 (d) Earnings in foreign currency: FOB value of exports 952.40 777.55