INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

Schedules
SCHEDULE ‘19’
NOTES ON BALANCE SHEET AND PROFIT AND LOSS ACCOUNT (Contd.)
Rs. in Crores
Previous Year
Rs. in Crores
17% Seventeenth Series (Redeemable at par in three equal annual instalments 80.00 80.00
commencing from 24th January, 2002)
14.25% Nineteenth Series (Reedeemable at par on 17th July, 2002) 40.00 40.00
13.20% Twentieth Series (Reedeemable at par on 8th October, 2003) 30.00 30.00
13.50% Twenty first Series (Reedeemable at par on 1st August, 2003) 50.00 50.00
10.85% Twenty second Series (Redeemable at par on 10th March, 2006) 50.00 —
Term Loans from Financial Institutions — 9.89
(b) Loans from Financial Institutions secured by exclusive charge of the assets — 32.31
acquired thereagainst
(c) Working Capital Borrowings secured by hypothecation of inventories and book debts 142.28 117.03
7. (a) Certain Land, Buildings and Plant & Machinery were revalued in the years 1982
and 1987 on the basis of reports of approved valuers on market value/ replacement
cost basis using standard indices. The following revalued amounts (net of withdrawals)
remain substituted for the historical cost in the gross block of fixed assets:
Land 7.00 7.00
Buildings 21.76 21.76
(b) As the amount added on revaluation of Plant and Machinery is fully provided
for by way of depreciation over the years, these assets have been restored to their
hiostorical costs on 31st March, 2000 and the addition so made earlier has been
written-off by adjusting the same to the related accumulated depreciation. This does
not have any impact on the result of the Company or its net block of fixed assets
8. Capital Work in Progress includes : Advances against Capital Expenditure 5.76 3.68
9. The Company has taken some assets on Finance Lease basis. Future Lease Rental
obligations in respect of these assets is Rs. 0.73 Crores (Previous Year Rs.0.38
Crores) and Lease Rent payable within a year is Rs. 0.28 Crores (Previous Year
Rs.0.18 Crores).
10. Loans & Advances include advance towards Equity of the following companies as one of the
co-promoters, the respective amounts being intended to be adjusted against the value of the
equity shares to be issued by such co-promoted Companies on substantial progress in
implementation of the relative projects after procuring all regulatory approvals etc.
Rosa Power Supply Co. Ltd. 1.05 1.13
Bina Power Supply Co. Ltd. 8.21 7.67
Birla Telecom Ltd. 0.05 0.05
11. (a) Sundry creditors includes amounts due to small scale industrial undertaking 0.80 0.91
(b) The parties being small scale / ancillary industrial undertakings to whom amount
exceeding Rs.1 lac are outstanding for more than 30 days but not overdue :
Amtech Electronics (India) Ltd., Empire Instrumentation& Melfrank Engineers Pvt.Ltd,
Rai Sons Pvt. Ltd.and Chinttaranjan Industries.
(c) There were no amounts overdue to Small Scale and/or Ancilliary industrial suppliers
on account of principal and/or interest as at the close of the year.
(d) The above disclosure is based on the information/documents available with the
Company.
12. Interest on Government and other securities is net of Rs. 3.62 crores (Previous Year 0.26 crores)
in case of long term current investments, being the reversal of income accrued in the
earlier years on certain securities sold during the year and the difference between the sale
price and cost is realised and accounted as profit on sale of investments.
48