Amal Ltd 2019-20

Amal Ltd | Annual Report 2019-2020 Note 7 Trade receivables (continued) Trade receivables consists of few customers, majorly from related parties, for which ongoing credit evaluation is performed on the financial condition of the customers, historical experience of collecting receivable, subsequent realisations and orders in hand. Based on evaluation allowance for doubtful debts recognised in the Statement of Profit and Loss is nil. ( ` lakhs ) Note 8 Cash and cash equivalents As at March 31, 2020 As at March 31, 2019 a) Balances with banks in current accounts 51.89 10.87 b) Cash on hand 0.23 0.14 52.12 11.01 There are no repatriation restrictions with regard to cash and cash equivalents. ( ` lakhs ) Note 9 Equity share capital As at March 31, 2020 As at March 31, 2019 Authorised 1,50,00,000 (March 31, 2019: 1,50,00,000) equity shares of ` 10 each 1,500.00 1,500.00 1,500.00 1,500.00 Issued and subscribed 94,25,000 (March 31, 2019: 94,25,000) equity shares of ` 10 each, fully paid-up 942.50 942.50 942.50 942.50 a) Rights, preferences and restrictions: The Company has one class of shares referred to as equity shares having a par value of ` 10 each. i) Equity shares: In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts and preference shares. The distribution will be in proportion to the number of equity shares held by the shareholders. ii) Dividend: The dividend proposed by the Board is subject to the approval of the shareholders in the ensuing Annual General Meeting. Notes to the Financial Statements