XML 27 R14.htm IDEA: XBRL DOCUMENT v3.21.2
CLAIMS AND ADVANCES
6 Months Ended
Sep. 30, 2021
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

NOTE 8 CLAIMS AND ADVANCES

 

   

(in thousands)

 
   

As of

September 30, 2021

($)

   

As of

March 31,

2021

($)

 

Claims receivable (1)

    376       382  

Non-current deposits

    -       18  

Non-current advances (2)

    235       203  

Total

    611       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 $200 thousand owed to one of our manufacturers for the purchase of equipment.