Company Overview Financial Statements Notice Statutory Reports 53 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 (` lakhs) Note 3 Loans As at March 31, 2021 As at March 31, 2020 Unsecured, considered good i) Inter-corporate deposit to related parties (refer Note 25.3 C) 1,050.00 700.00 ii) Inter-corporate deposit to others - 600.00 1,050.00 1,300.00 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 are expected to be realisable. (` lakhs) Note 4 Other assets As at March 31, 2021 As at March 31, 2020 Current Non-current Current Non-current i) Balances with the government department a) Balances with the statutory authorities - 30.27 36.90 - ii) Advances for goods and services 67.63 - 0.93 - iii) Others 5.23 - 8.01 - 72.86 30.27 45.84 - (` lakhs) Note 5 Inventories* As at March 31, 2021 As at March 31, 2020 i) Raw materials and packing materials 455.88 362.81 Add: Goods-in-transit 374.66 151.42 830.54 514.23 ii) Finished goods 278.53 281.12 iii) Stock-in-trade 93.09 98.37 1,202.16 893.72 *During the year, the Company has changed the inventory valuation method from FIFO to periodic moving weighted average {Note 1 (j)}. The impact of which is not material. Inventories are valued considering the provision for allowance for obsolescence, inventory carrying risk and delay in usage caused by the slow production pace due to lower off-take in the present situation. In addition to the historical pattern of inventory provision, the Company has considered the likelihood of reduction in sales price, customer orders on hand and margins, including subsequent cancellations, if any, nature and ageing of inventories to reflect the current and estimated future economic conditions taking into account the possible effects due to the COVID-19 pandemic. 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 ` nil cr (March 31, 2020: ` 0.35 cr). (` lakhs) Note 6 Trade receivables As at March 31, 2021 As at March 31, 2020 a) Unsecured, considered good i) Related parties (refer Note 25.3) - 0.58 ii) Others 2,270.84 2,270.84 1,601.14 1,601.72 Less: Allowance for doubtful debts 28.00 28.00 2,242.84 1,573.72
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