Page 175 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Standalone Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
Details of Loans repayable on demand
Promoters Directors KMPs
Related parties Others
Total
Note:
27,039.84 100%
27,039.84 100%
Type of Borrower
March 31, 2024
March 31, 2023
Amount of loan or advances in the nature of loan outstanding
% of total Loans and Advances in the nature of loans
Amount of loan or advances in the nature of loan outstanding
% of total Loans and Advances in the nature of loans
-
-
-
-
-
-
17,720.04
100%
-
100%
-
17,720.04
(i) As required under section 186(4) of the Companies Act, loan outstanding of Rs. 17,720.04 Lac (March 31,
2023 : Rs. 27,039.84 Lac) is given at rate of interest ranging from 10% - 12% for business purpose and the same are repayable on demand.
(ii) For amounts due and terms and conditions relating to related party receivables, refer Note 38.
(iii) Since all the above loans given by the company are unsecured and considered good, the bifurcation of loan in other categories as required by Schedule III of Companies Act, 2013 Viz : (a) Secured, (b) Loans which have significant increase in credit risk and (c) credit impaired is not applicable.
(iv) No loans are due from directors or other officers of the company, either severally or jointly with any other person.Nor any loans are due from firms or private companies respectively in which any director is a partner, director or a member.
6 Trade receivables
Trade receivables ( refer note below )
(Unsecured , Considered good, unless Otherwise stated)
Trade Receivables considered good
Trade Receivables - credit impaired
Less: Impairment allowance - credit impaired
Trade receivables Ageing Schedule (Refer Notes below)
As at March 31, 2024
Undisputed Trade Receivables – considered good
Undisputed Trade Receivables – which have significant increase in credit risk
Undisputed Trade receivable – credit impaired
178.31
178.31
178.31 3.74 (3.74) 178.31
Particulars
March 31, 2024
March 31, 2023
187.00
187.00
187.00
3.74
(3.74)
187.00
Particulars
Current but not due
Outstanding for following periods from due date of payment
Total
Less than 6 Months
6 months – 1 year
1-2 years
2-3 years
More than 3 years
-
173.13
-
-
-
13.87
187.00
-
-
-
-
-
-
-
-
-
-
-
-
3.74
3.74
Annual Report 2023-24 | 173