Atul Ltd 2011-12

Atul Ltd | Annual Report 2011-12 Sr No Type of loan | Nature of security Terms of repayment (a) (i) 1. Rupee term loan from a bank amounting to ` 6.23 cr (Previous year: ` 12.51 cr) is secured by first pari passu charge on the fixed assets of the Company as a whole, both present and future, excluding specific assets with specific charge. Repayable in 16 equal quarterly installments beginning from June 30, 2009 along with interest @ PLR -2% p.a. 2. Rupee term loan from a bank amounting to ` 12.64 cr (Previous year: ` 17.60 cr) is secured by first pari passu charge on the fixed assets of the Company as a whole, both present and future, excluding specific assets with specific charge. Repayable in 20 equal quarterly installments beginning from October 30, 2009 along with interest @ Base rate +3.50% p.a. 3. Rupee term loan from a bank amounting to ` 7.50 cr (Previous year: ` 12.50 cr) is secured by first pari passu charge on the fixed assets of the Company as a whole, both present and future, excluding specific assets with specific charge. Repayable in 16 equal quarterly installments beginning from October 28, 2009 along with interest @ Base rate +1.50% p.a. (a) (ii) 1. Rupee term loan from a financial institution amounting to ` NIL (Previous year: ` 6.21 cr) is secured by first pari passu charge on the fixed assets of the Company as a whole, both present and future, excluding specific assets with specific charge. Repayable in 20 equal quarterly installments beginning from April 10, 2007 along with interest @ 10.75% p.a. ( ` cr) NOTE 4 LONG-TERM BORROWINGS Non-current Current As at March 31, 2012 As at March 31, 2011 As at March 31, 2012 As at March 31, 2011 (a) Term loans Secured: (i) Rupee term loans from banks 10.14 26.37 16.23 16.24 (ii) Rupee term loans from financial institutions 52.08 65.21 13.13 20.25 (iii) Foreign currency term loans from banks 20.78 - 4.80 15.42 (iv) Foreign currency term loans from financial institutions 61.81 11.16 2.14 - Unsecured: (v) Rupee term loans from banks 0.09 - 0.02 - 144.90 102.74 36.32 51.91 (b) Deposits, unsecured: (i) Public deposits from related parties - 0.83 0.83 0.01 (ii) Public deposits from others - 6.79 6.66 3.67 - 7.62 7.49 3.68 Amount disclosed under the head ‘Other Current Liabilities’ (see Note 9) (43.81) (55.59) 144.90 110.36 - - Notes to financial statements