Material Creditors

Material Creditors

As on December 31, 2017, our Company has 744 creditors to whom a total amount of ₹2,266.71 million is outstanding. Based on the Materiality Policy adopted by our Board, the threshold for material dues is 5% of total trade payable, as at December 31, 2017, i.e. 5% of ₹2,266.71million which is ₹113.33million, 16 are material creditors to whom total amount due is ₹1,805.59 million.

Further, based on available information regarding status of the creditor as defined under section 2 of the Micro, Small and Medium Enterprises Development Act, 2006, as of December 31, 2017, our Company owes outstanding dues of ₹18.73 million to 39 small scale undertakings. With respect to other creditors, as of December 31, 2017, our Company owes outstanding dues of ₹16.62 million to a total of 66 creditors.