Type of creditors | Number of creditors | Amounts involved
(in ₹ million) |
---|---|---|
Micro, small and medium enterprises | Nil | Nil |
Other creditors | 361 | 552.55 |
Total | 361 | 552.55 |
In terms of the Materiality Policy, our Board considers a creditor ‘material’ if amounts due to such creditor exceeds 5% of the total trade payables as per the last full year Restated Financial Statements included in the Offer Documents (Material Creditors). The trade payables of our Company as on March 31, 2021 was ₹879.41 million. Accordingly, a creditor has been considered ‘material’ if the amount due to such creditor exceeds ₹43.97 million (being 5% of the total trade payables) as on March 31, 2021. Further, for outstanding dues to any party which is a micro, small or a medium enterprise (MSME), the disclosure is based on information available with our Company regarding status of the creditor under Section 2 of the Micro, Small and Medium Enterprises Development Act, 2006, as amended.
Based on this criteria, details of outstanding dues owed to Material Creditors as on September 30, 2021 by our Company are set out below:
Sr. No. | Name of Creditors | Amount involved (in Rs. million) |
---|---|---|
1 | Unid Global Corporation | 176.28 |
2 | Evershine Speciality Chemicals LLP | 29.40 |