Annual Report-FY 2011-12 - Timex Group India

As at 31 As at 31March 2012 March 201113. Inventories (valued at lower of cost and net realizable value)Raw materials and components [includes goods in transit Rs. 26 lakhs 1,329 1,191(previous year Rs. 38 lakhs)]Work-in-progress 224 111Finished goods [includes goods in transit Rs. Nil 2,557 2,037(previous year Rs. 66 lakhs)]Traded goods 21 23Stores and consumables - 44,131 3,36614. Trade receivables Non-current CurrentYear ended Year ended Year ended Year ended31 March 2012 31 March 2011 31 March 2012 31 March 2011(Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs)Debts outstanding for a period exceedingsix months from the date they are due for paymentDebts due from related parties, unsecured(refer note 29) - - 151 8Unsecured, considered good 324 230 87 52Unsecured, considered doubtful - - 403 323324 230 641 383Less: Provision for doubtful debts - - 403 323324 230 238 60Other debtsDebts due from related parties, unsecured (refer note 29) - - 315 184Unsecured, considered good - - 9,375 7,276- - 9,690 7,460Less: Provision for doubtful debts - - - -- - 9,690 7,460324 230 9,928 7,52015. Cash and bank balances Non-current CurrentYear ended Year ended Year ended Year ended31 March 2012 31 March 2011 31 March 2012 31 March 2011(Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs)Cash and cash equivalentsBalances with banks:On current accounts - - 36 270Deposits with original maturity of less than 3 months - - - 700Cheques on hand - - 285 288Cash on hand - - 5 8- - 326 1,266Other bank balancesMargin money deposits* 2 - # - 1Amount disclosed under non current assests (refer note 12) (2) - # - -- - 326 1,267*Pledged with bank as security for guarantees issued on behalf of the Company.# Amount is below rounding off threshold adopted by the Company.42