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CLAIMS AND ADVANCES (Tables)
 9 Months Ended
Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]  
Schedule of Other Assets, Noncurrent [Table Text Block]
   

(in thousands)

  
   

As of

December 31, 2020

($)

    

As of

March 31,

2020

($)

  

Claims receivable (1)

     383       374  

Non-current deposits

     24       24  

Non-current advances (2)

     212       212  

Total

     619       610  

(1)

The claims receivable is due from the Cochin International Airport (“CIA”) that is partially owned by the State Government of Kerala. As of December 31, 2020, the receivable is due for over one year. The Company continues to carry the full value of the receivables without interest and without any impairment, because it believes that there is minimal risk that CIA will become insolvent and unable to make the payment. While the Company has initiated collection proceedings, it believes it will be difficult to receive the amount in the next 12 months because of the time required for legal collection proceedings. The increase in claims receivable was mainly due to foreign exchange translation as a result of a decline in value of Indian Rupee. 

 

 

(2)

Includes a loan of $200 thousand to one of our manufacturers for the purchase of equipment, at an annual interest rate of three percent (3%), due on April 1, 2021.