21 May 2012
A co. had taken a loan for 5 years of Rs. 9,45,00,000 on 31.03.2009 and continuously default principal, interest & penal interest as follows Rs. in Cr Financial Year 2008-09: Principal default-Rs.9.45 cr. Interest default- NIL Penal Interest Default- Nil Principal o/s as on 31/03/2009-Rs.9.45cr
Financial Year 2009-10: Princpa; default-Rs.1.89cr Interest Default- Rs.1.37Cr Penal Interest Default-NIl Principal O/s as on 31/03/10-Rs.9.45Cr Interest O/s as on 31/03/10-Rs.1.37Cr
Financial Year 2010-11: Principal Default-Rs.1.89CR Int. Default-Rs.1.10Cr Penal Int. Default-Rs.0.56Cr Principal O/s as on 31/03/11-Rs.9.45Cr Int O/s as on 31/03/11-Rs.2.45Cr Penal Int. O/s as on 31/03/11-Rs.0.56Cr
Financial Year 2011-12: Principal Default-Rs.1.89Cr Int. Default-Rs.0.83Cr Penal Int Default-Rs.1.07Cr Principal O/s as on 31/03/12-Rs9.45Cr Int. O/s as on 31/03/12-Rs.3.29Cr. Penal O/s as on 31/03/12-Rs.1.64Cr
Financial Year 2012-13 Principal Due 1.89 Cr & Previous years Due
Now as per revised Schedule, as on 31.03.2012 what amount will be shown under -- Long Term Borrowings -- Short Term Borrowings -- Other Current Liabilities.
04 June 2012
thanks for your reply sir but i have a doubt regarding the presentation. whether defaut of principal amount is shown under other current liabilities as a part of current maturities of long term borrowings or it is to be shon as a part of long term borrowings.
CAclubindia
