50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
126
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL & ITS SUBSIDIARIES
( COMPANIES LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL )
T THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR END D 31ST MARCH, 2016
As at
As at
31.03.2016 31.03.2015
Rupees
Rupees
Rupees
10 NON CURRENT INVESTMENTS :
Trade Investments, Unquoted (At Cost)
51,00,000
51,00,000
1,25,00,000
1,25,00,000
Add: Share in Post Acquisiton Profits of GJSCI upto 31st March, 2016
1,87,25,952
-
3,12,25,952
Non trade investments, Unquoted (At Cost)
Govt of India 8% Savings Bonds 2003
3,41,65,587
3,72,56,705
Fixed Deposit with bank maturing later than one year
65,37,064
-
7,70,28,603
5,48,56,705
11 LONG TERM LOANS & ADVANCES :
(Considered Good unless otherwise stated)
Secured Loan
House Building Advances
17,44,537
17,41,078
Tax Deducted at Source / Refund Receivable
29,96,81,124
22,66,08,664
Entertainment Duty Paid under protest
3,23,425
3,23,425
Service Tax Input Credit Receivable
4,18,93,829
3,91,32,041
Service Tax Paid under Protest, Appeal pending
1,10,65,583
1,10,65,583
Loans & Advances
Indian Diamond Institute, Surat
50,00,000
50,00,000
Refundable Seed Fund to India Diamond Trading Centre (Associate)
1,66,99,975
-
26,533
2,18,294
Deposits
4,61,177
5,69,937
37,68,96,183
28,46,59,021
12 OTHER NON-CURRENT ASSETS
12.1 Other Bank Balances
Term deposits maturing beyond 12 months period
43,98,36,662
48,25,63,204
(including interest accrued Rs. 1,44,80,885; 2014-2015: Rs. 1,84,98,694)
12.2 Training Aids :
(As valued, verified & certified by the Regional Directors)
Diamonds, Precious and Semi-precious stones
1,52,774
1,52,774
Gem Testing Laboratory, Jaipur
Tools and Consumable
Regional Office, Jaipur
90,464
90,464
Precious Metals and Consumables
2,49,269
2,49,269
Indian Institute of Gems & Jewellery- Tardeo
Precious Metals and Consumables
15,862
15,862
Indian Institute of Gems & Jewellery- Manikanchan, Kolkatta
Tools, training aids and consumables (valued at cost)
73,99,116
73,75,058
Specimens (RCCI - SDC)
33,978
33,978
Gem Testing Laboratories, Jaipur
79,41,463
79,17,405
44,77,78,125
49,04,80,609
Note:-
1) Valuation being a technical matter, is incorporated in the accounts as certified
by the concerned Regional Directors and accepted by the Auditors.
13 TRADE RECEIVABLES :
Sundry Debtors
( Unsecured), (Considered Good unless stated otherwise)
Debts outstanding for a period exceeding six months
Considerd Doubtful
19,36,274
22,89,710
Less : Provision for Doubtful Debts
19,36,274
16,92,583
-
5,97,127
Others - Considered Good
1,07,15,356
63,81,855
Debts outstanding for a period less than six months
1,18,90,187
87,30,226
2,26,05,543
1,57,09,208
(As taken, valued and certified by management, being a technical matter - IIGJ Andheri)
Advances recoverable in cash or in kind or for value to be received (Unsecured)
5,10,000 Equity Shares of Rs. 10 each, fully paid up of
National Skill Development Corporation Ltd.
12,50,000 Equity Shares of Rs. 10 each, fully paid up of
The Gem & Jewellery Skill Council of India Ltd.(GJSCI)
