Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 Notes to the Financial Statements ( ` 000) Note 10 Inventories As at March 31, 2016 As at March 31, 2015 Raw materials and components 816 2,418 Work-in-progress 665 2,164 Finished goods 1,812 2,124 Stores and spares 8,883 7,102 12,176 13,808 Note: Inventories (except stores and spares which are valued at cost) are stated at lower of cost and net realisable value. ( ` 000) Note 11 Trade receivables (Unsecured, considered good; unless otherwise stated) As at March 31, 2016 As at March 31, 2015 Trade receivables outstanding for more than six months - - Trade receivables outstanding for less than six months 4,598 2,890 4,598 2,890 ( ` 000) Note 12 Cash and bank balances As at March 31, 2016 As at March 31, 2015 Cash and cash equivalents Balance with banks in current accounts 1,067 2,779 Balance with banks in saving account - Refer note (i) below - 196 Cash on hand 9 18 1,076 2,993 Other bank balances Fixed deposit with bank with original maturity of 12 months - Refer note (ii) below - 1,040 1,076 4,033 Note: (i) The amount was lying with the IDBI bank in No Lien account. (ii) The above fixed deposit was placed with Axis bank towards bank guarantee given by it. ( ` 000) Note 13 Short-term loans and advances (Unsecured, considered good; unless otherwise stated) As at March 31, 2016 As at March 31, 2015 Advance to staff 54 31 Balance with Excise and Service tax Departments 1,060 1,090 Income tax paid in advance | TDS 71 94 Prepayments | Interest accrued 518 432 Advance to creditors - Considered good 1,475 1,365 - Considered doubtful 240 258 1,715 1,623 Less : Provision for doubtful advances 240 258 1,475 1,365 3,178 3,012