Company Overview Financial Statements Notice Statutory Reports 53 Rudolf Atul Chemicals Ltd | Annual Report 2019-20 (` lakhs) Note 4 Loans As at March 31, 2020 As at March 31, 2019 Unsecured, considered good i) Inter corporate deposit to related parties (refer Note 26.3 C) 700.00 500.00 ii) Inter corporate deposit to others 600.00 600.00 1,300.00 1,100.00 The Company determines the realisable value of loans based on the regular service of interest on loan, subsequent recoveries of loan, past trends, credit risk profiles and support of holding company of the loanee. Based on this assessment, the Company is of the view that carrying amounts of loans is expected to be realisable. (` lakhs) Note 5 Other assets As at March 31, 2020 As at March 31, 2019 Current Non-current Current Non-current i) Balances with the government department a) Tax paid under protest - 12.02 - 14.95 b) Balances with the statutory authorities 36.90 - 30.27 - ii) Prepayment for goods and services 0.93 - 0.70 - iii) Others 8.01 - 8.60 - 45.84 12.02 39.57 14.95 (` lakhs) Note 6 Inventories* As at March 31, 2020 As at March 31, 2019 i) Raw materials and packing materials 362.81 442.48 Add: Goods-in-transit 151.42 89.40 514.23 531.88 ii) Finished goods 281.12 386.51 iii) Stock-in-trade 98.37 77.42 379.49 463.93 893.72 995.81 *The mode of valuation of inventory has been stated in Note 1(ix) Inventories are valued considering provision for allowance for obsolescence, inventory carrying risk and delay in usage cause by the slow production pace due to lower off-take in the present situation. In addition to the historical pattern of inventory provision, we have considered the likelihood of reduction in sales price, customer orders on hand and margins, including subsequent cancellations, if any, nature and aging of inventories to reflect current and estimated future economic conditions also taking into account the possible effects due to COVID-19. This assessment is also considering the product demand, expected price trend and sales plan in respective industries. Amounts recognised in the Statement of Profit and Loss of ` 0.35 cr (March 31, 2019: ` nil cr). (` lakhs) Note 7 Trade receivables As at March 31, 2020 As at March 31, 2019 a) Unsecured, considered good i) Related parties (refer Note 26.3) 0.58 10.66 ii) Others 1,601.14 1,601.72 1,622.01 1,632.67 Less: Allowance for doubtful debts 28.00 - 1,573.72 1,632.67
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