Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 Note 7 Trade receivables (continued) Trade receivables consists of few customers, majorly from the related party, for which ongoing credit evaluation is performed on the financial condition of the account receivables, historical experience of collecting receivables, subsequent realisations and orders in hand. Based on evaluation, allowance for doubtful debts recognised in the Consolidated Statement of Profit and Loss is nil. ( ` lakhs ) Note 8 Cash and cash equivalents As at March 31, 2021 As at March 31, 2020 a) Balances with banks in current accounts 53.90 51.89 b) Cash on hand 0.10 0.23 54.00 52.12 There are no repatriation restrictions with regard to cash and cash equivalents. ( ` lakhs ) Note 9 Equity share capital As at March 31, 2021 As at March 31, 2020 Authorised 1,50,00,000 (March 31, 2020: 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, 2020: 94,25,000) equity shares of ` 10 each, fully paid 942.50 942.50 942.50 942.50 a) Rights, preferences and restrictions: The Group 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 Group, the holders of equity shares will be entitled to receive the remaining assets of the Group, 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. Each holder of equity shares is entitled to one vote per share. Additionally, the Group, has authorised and issued fully paid 0% redeemable and non-convertible cumulative preference shares of ` 10 each classified as liabilities. These shares do not carry voting rights. Further details are provided in Note 11. ii) Dividend: The dividend proposed by the Board, if any is subject to the approval of shareholders in the ensuing Annual General Meeting, except in case of interim dividend.