Company Overview Financial Statements Notice Statutory Reports 75 Rudolf Atul Chemicals Ltd | Annual Report 2021-22 Future minimum lease payments payable under finance leases together with the present value of the net minimum lease payments (MLP) are as under: (` lakhs) Particulars As at March 31, 2022 As at March 31, 2021 MLP payable Present value of MLP payable MLP payable Present value of MLP payable Not later than one year - - 20.00 20.00 Later than one year and not later than five years 40.00 35.42 40.00 33.30 Later than five years 160.00 79.35 160.00 74.60 Total MLP payable 200.00 114.77 220.00 127.90 Less: future finance cost 85.23 - 92.10 - Present value of MLP payable 114.77 114.77 127.90 127.90 The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. Rent paid to lessor for short-term lease period is recognised in the Statement of Profit and Loss as Rent in Note 23 ‘Other expenses’. Cash payments for the principal portion and interest of the lease liabilities are classified within financing activities and short-term lease payments within operating activities. Note 24.12 Disclosure requirement under MSMED Act, 2006 The Company has certain dues to suppliers (trade payables) registered under The Micro, Small andMediumEnterprises Development Act, 2006, ‘MSMED Act’. The disclosures pursuant to the said MSMED Act are as follows: (` lakhs) Particulars As at March 31, 2022 As at March 31, 2021 Principal amount due to suppliers registered under the MSMED Act and remaining unpaid as at year end 366.88 99.58 Interest due to suppliers registered under the MSMED Act and remaining unpaid as at year end 0.04 2.19 Principal amounts paid to suppliers registered under the MSMED Act, beyond the appointed day during the year 3,840.07 274.20 Interest paid, other than under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year - - Interest paid, under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day during the year - - Interest due and payable towards suppliers registered under MSMED Act, for payments already made 3.59 3.56 Further interest remaining due and payable for earlier years - - Above disclosures have been made based on information available with the Company, for suppliers who are registered as Micro, Small and Medium Enterprise under the MSMED Act as at March 31, 2022. The Auditors have relied upon in respect of this matter.
RkJQdWJsaXNoZXIy MjA2MDI2