annual report - Jindal Group of Companies

SCHEDULE : 6 - INVENTORIESAs At As At31.03.2011 31.03.2010Rs.Rs.(As Verified, Valued and Certified by the Management)Stores & Spares 103,562,542 119,266,324{Including Capital stores Rs. 20,363,577/- (Previous Year Rs. 16,819,042/- )} 103,562,542 119,266,324SCHEDULE : 7 - SUNDRY DEBTORS(Unsecured, Considered Good)Debts Outstanding for a period exceeding six months 695,748,045 701,688,752Other debts 1,226,633,031 1,826,274,3551,922,381,076 2,527,963,107SCHEDULE : 8 - CASH AND BANK BALANCESCash in hand 707,848 670,850Balances with Scheduled Banks- In Current Accounts 618,508 834,236- In Fixed Deposit Accounts (Margin Money) 76,544 8,888,544- In Unclaimed Dividend Accounts 879,210 836,6902,282,110 11,230,320SCHEDULE : 9 - OTHER CURRENT ASSETSInterest accrued but not due 26,394 2,627,294Claims Receivable 12,399,830 42,624,39712,426,224 45,251,691SCHEDULE : 10 - LOANS AND ADVANCES(Unsecured, Considered Good)Loans to Bodies Corporate 1,144,254,549 978,406,100Advances Recoverable in Cash or in kind or for value to be received 276,697,582 317,179,772Security Deposits 16,242,148 10,703,798Advance Fringe Benefit Tax - 720,000(Net of Provision of Rs. NIL Previous Year Rs.720,000/- )1,437,194,279 1,307,009,670Note:Loan to Bodies Corporates includes Rs.893,033,781/- being the loan (at restated value), toJoint Venture Company namely Discovery Drilling Pte Ltd., Singapore, which is quasi equityin nature and also fully subordinated to the Loan given by Banks to the JV company (PreviousYear Rs. 749,815,774/-). As per the agreement, the loan is repayble within 12 months fromthe date, all Bank loans of JV Company are fully paid. The latest date of scheduled repaymentof junior Bank loan to JV Company is 26th July, 2014.43