Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 ( ` lakhs) Note 7 Trade receivables As at March 31, 2021 As at March 31, 2020 Considered good - unsecured i) Related parties (refer Note 25.3) 469.01 686.74 ii) Others 17.59 26.92 486.60 713.66 Trade receivables consists a few customers, primarily from related parties, 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 Standalone 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 27.64 51.89 b) Cash on hand 0.10 0.23 27.74 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 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 any of 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. Each holder of equity shares is entitled to one vote per share. Additionally, the Company has authorised, issued and fully paid 0% redeemable 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.