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CLAIMS AND ADVANCES
3 Months Ended
Jun. 30, 2021
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

NOTE 8 CLAIMS AND ADVANCES

 

   

(in thousands)

 
   

As of

June 30, 2021

($)

   

As of

March 31,

2021

($)

 

Claims receivable (1)

    375       382  

Non-current deposits

    18       18  

Non-current advances (2)

    203       203  

Total

    596       603  

 

(1)

The claims receivable is due from the Cochin International Airport (“CIA”) that is partially owned by the State Government of Kerala. While the Company has initiated collection proceedings in the Commercial Court of Ernakulam, the Company believes it will be difficult to receive the amount in the next 12 months because of the time required for legal collection proceedings. The decrease in claims receivable was mainly due to foreign exchange translation as a result of a decrease in value of Indian Rupee. 

   

(2)

Includes a loan of $200 thousand to one of our manufacturers for the purchase of equipment.