Atul Ltd 2013-14

Atul Ltd | Annual Report 2013-14 ( ` cr) NOTE 27.1 CONTINGENT LIABILITIES As at March 31, 2014 As at March 31, 2013 (i) C laims against the Company not acknowledged as debts in respects of: (a) Excise 7.21 5.84 (b) Income tax 28.10 35.03 (c) Sales tax 0.67 – (d) Customs 2.78 2.78 (e) Water charges 77.03 71.92 (f) Others 14.64 13.54 Note: Future cash outflows in respect of (a) to (f) above are determinable on receipt of judgements | decisions pending with various forums | authorities. (ii) Guarantees given by the Company : Corporate guarantee to a bank on behalf of subsidiary Company for facilities availed by it 9.98 8.23 ( ` cr) NOTE 27.2 COMMITMENTS As at March 31, 2014 As at March 31, 2013 Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) 23.57 20.56 NOTE 27.3 RESEARCH AND DEVELOPMENT Details of expenditure incurred on in-house Research and Development facilities approved by Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India under Section 35 (2AB) of Income tax Act, 1961. ( ` cr) Particulars 2013-14 2012-13 Capital expenditure 7.23 3.80 Recurring expenditure 16.68 12.88 23.91 16.68 ( ` cr) NOTE 27.4 CIF VALUE OF IMPORT, EXPENDITURE, REMITTANCES AND EARNINGS IN FOREIGN CURRENCY 2013-14 2012-13 (a) CIF value of imports: Raw materials 387.16 313.91 Trading finished goods 28.46 10.98 Capital goods 7.68 4.45 (b) Expenditure in foreign currency: Commission 4.64 4.72 Legal and professional charges 0.02 0.28 Finance costs 6.32 6.94 Other matters costs 13.13 9.45 (c) Other remittances: Loan repayments 111.44 153.83 (d) Earnings in foreign currency: FOB value of exports 1,045.26 929.01 Notes to the Financial Statements