Atul Ltd 2020-21

123 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 17 Borrowings a) Security details: Working capital loans repayable on demand from banks (March 31, 2021: nil, March 31, 2020: nil) 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 letters of credit given by the bankers aggregating to ` 144.73 cr (March 31, 2020: ` 133.02 cr). b) The carrying amount of assets hypothecated | mortgaged as security for borrowing limits are: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 i) Property, plant and equipment excluding leasehold land 1,035.83 884.71 ii) Inventories 510.57 427.46 iii) Trade receivables 713.53 718.93 iv) Current assets other than inventories and trade receivables 426.35 150.06 Total assets as security 2,686.28 2,181.16 c) Net debt reconciliation: ( ` cr) Particulars As at March 31, 2021 As at March 31, 2020 Net debt as at the beginning of the year - - (Repayment ) | Disbursement - - Interest expense 0.46 0.75 Interest paid (0.46) (0.75) Net debt as at the end of the year - - ( ` cr) Note 18 Trade payables As at March 31, 2021 As at March 31, 2020 a) Total outstanding dues of micro-enterprises and small enterprises (refer Note 28.14) 22.77 8.58 b) Total outstanding dues of creditors other than micro-enterprises and small enterprises i) Related party (refer Note 28.4) Acceptances 7.00 1.33 Payables 16.90 19.04 ii) Others 516.01 449.51 562.68 478.46 ( ` cr) Note 19 Contract liabilities As at March 31, 2021 As at March 31, 2020 Advances received from customers 23.01 25.03 23.01 25.03 ( ` cr) Note 20 Other current liabilities As at March 31, 2021 As at March 31, 2020 a) Statutory dues 7.44 5.64 b) Others - 1.77 7.44 7.41