111 well as credit exposures to trade | non-trade customers including outstanding receivables. i) Credit risk management Credit risk is managed through the policy surrounding Credit Risk Management. ii) Provision for expected credit losses The Company provides for expected credit loss based on the following: Trade receivables Trade receivables consist of few customers, majorly of amount receivable from Atul Ltd, the holding company, for which ongoing credit evaluation is performed on the financial condition of the account receivables. Historical experience of collecting receivables of the Company is supported by low level of past default and hence the credit risk is perceived to be low. b) Liquidity risk Ultimate responsibility for liquidity risk management rests with the Board of Directors, who has approved an appropriate liquidity risk management framework for short, medium and long-term funding and liquidity management requirements of the Company. The Management monitors rolling forecasts of the liquidity position of the Company and cash and cash equivalents on the basis of expected cash flows and manages liquidity risk by continuously monitoring forecast and actual cash flows and by matching the maturity profiles of financial assets and liabilities. The following table shows thematurity analysis of financial liabilities of the Company based on contractually agreed undiscounted cash flows including contractual interest payment, as at the Standalone Balance Sheet date: (` lakhs) Contractual maturities of financial liabilities as at March 31, 2022 Less than 1 year More than 1 year Total Borrowings 200.00 - 200.00 Trade payables 310.98 - 310.98 Creditors for capital goods 25.71 - 25.71 Security deposits payable 20.31 - 20.31 Employee benefits payable 29.86 - 29.86
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