50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
101
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
As at
As at
31.03.2016
31.03.2015
Rupees
Rupees
Rupees
THE GEM & JEWELLER EXPORT PROMOTI N COUNCIL
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
Balances with Scheduled Banks :
In Current Accounts
3,30,84,531
92,24,461
In FCNR Accounts
2,73,968
97,13,068
3,33,58,500
1,89,37,529
3,35,25,342
1,91,24,269
13.2 Other Bank Balances
Term Deposits maturing within 12 months *
1,26,19,78,815
95,13,75,646
(Including interest accrued
Rs. 7,14,51,867; 2014-15 : Rs. 5,06,64,402)
1,29,55,04,156
97,04,99,915
*State Bank of India has a lien on Fixed Deposits for Bank Guarantees
53,70,588
53,70,588
14 SHORT TERM LOANS & ADVANCES :
Loans and Advances to staff
(Considered Good)
Secured
-
2,06,360
Unsecured
3,66,510
4,43,798
Prepaid Expenses
85,03,318
8,24,73,110
88,69,826
8,31,23,268
15 OTHER CURRENT ASSETS :
Grant In Aid receivable under MAI Scheme -
(Refer Note No. "32")
2,10,00,000
3,42,23,213
Deposits
1,41,65,752
1,53,17,153
Advance to Sundry Creditors
1,11,92,801
1,30,15,080
4,63,58,553
6,25,55,446
As at
As at
31.03.2016
31.03.2015
Rupees
Rupees
Rupees
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
Balances w th Scheduled Banks :
In Current Accounts
3,30,84,531
92,24,461
In FCNR Accounts
2,73,968
97,13,068
3,33,58,500
1,89,37,529
3,35,25,342
1,91,24,269
13.2 Other Bank Balances
Term Deposits maturing within 12 months *
1,26,19,78,815
95,13,75,646
(Including interest accrued
Rs. 7,14,51,867; 2014-15 : Rs. 5,06,64,402)
1,29,55,04,156
97,04,99,915
*State Bank of India has a lien on Fixed Deposits for Bank Guarantees
53,70,588
53,70,588
14 SHORT TERM LOANS & ADVANCES :
Loans and Advances to staff
(Considered Good)
Secured
-
2,06,360
Unsecured
3,66,510
4,43,798
Prepaid Expenses
85,03,318
8,24,73,110
88,69,826
8,31,23,268
15 OTHER CURRENT ASSETS :
Grant In Aid receivable under MAI Scheme -
(Refer Note No. "32")
2,10,00,000
3,42,23,213
Deposits
1,41,65,752
1,53,17,153
Advance to Sundry Creditors
1,11,92,801
1,30,15,080
4,63,58,553
6,25,55,446
12 TRADE RECEIVABLES :
Sundry Debtors
( Unsecured), (Considered Good unless stated otherwise)
Debts outstanding for a period exceeding six months
Considerd Doubtful
19,36,274
16,38,533
Less : Provision for Doubtful Debts
19,36,274
16,38,533
-
-
Others - Considered Good
1,06,84,099
48,25,222
Debts outstanding for a period less than six months
1,02,30, 97
8 ,64,659
2,09,14,796
1,28,89,881
13 CASH & CASH EQUIVALENTS :
13.1 Cash a d Cash Equivalents
- Cash on hand
1,66,663
1,73,83
- Foreign Currency in hand
-
12,731
(As verified and certified by the Executive Director)
Postage stamps on hand
(being balance of Franking Machine Account)
179
170
1,66, 42
1,86,7 0
