Go Fashion (India) Limited {formerly known as Go Fashion (India) Private Limited}
Notes to the restated consolidated financial information
(Amount in 2 Millions, except for share data or as otherwise stated)

 

 

 

 

 

 

 

 

 

 

Note "Particulars As at
No. 31/Mar/2019
17 “Other equity
Securities premium*™
Opening balance 1,057.93
Premium on share issued during the year =
Utilised for issue of bonus shares (200.00)
Closing balance 857.93
Retained earnings*
Opening balance (Refer Note 41) 220.60
‘Add: Transfer from the statement of profit and | 411.27
Addi (Less): Remeasurements of defined benefit obligations* 3.59
Less : Dividend =
Less : Tax on dividend :
‘Closing balance 635.46
Total reserves and surplus 1,493.39

 

* Notes:
(a) Securities premium
provisions of the Companies Act 2013

ount

  

 

s used to record the premium on issue of shares and is utilised in accordance with the

(b) Retained earnings represent the amount of accumulated earings / deficit of the Company, and re-measurement

   

gains
shareholde1

 

losses on defined benefit plans. The amount that
is determined bi

 

requirements of the Companies Act, 2013. Thi

 

18 Provision

in be distributed by the Company as dividends to its equity
ed on the separate financial statements of the Company and also considering the
s, the amounts reported above are not distributable in entirety.

 

 

 

 

 

 

 

 

Non-current
Provision for employee benefits
Gratuity (Refer Note 37) 7.24
Total 7.24
19 Borrowings
Current
Secured
Cash credit from banks and financial institution 8281
Current account [overdraft] *
Total 82.81
* Note on Terms of current borrowings:
The cash credit facility from Ratnakar Bank Limited ('RBL Bank'] comprising of 8200 Million, has been obtained for the

 

purpose of working capital. The facility has been availed for a tenure of 12 months

The facility is secured by way of an exch

 

company, both present and future, and an unconditional and irrevocable personal guarantee of Mr. Prak:

Gautam Saraogi and Mr, Rahul Saraogi

Interest is charged at 0.45% above 1 year MCLR on a monthly basis.

 

charge on the entire current assets

and is repayable on demand.

 

sets of the
Saraogi, Mr.

and moveable fixed a

   

 

The following is the summary of the differences between Current Asset declared with the Bank and as per Audited financial

statements:

 

Inventories as per declaration with Bank
HTrade Receivable as per declai
Total (A)

Inventories as per financial statement
Trade Receivable as per financial statement
‘Total (B)

Difference (A)-(B)

tion with Bank

 

 

614.99
425.31
1040.30
702.72
400.93
1,103.65
(63.35)|

 

 

 

No

 

284

The aforesaid differences are due to the declarations with Banks are made before financial reporting closure process.
