Atul Ltd 2011-12

71 Notes to financial statements Sr No Type of loan | Nature of security Terms of repayment 2. Rupeetermloanfromafinancial institutionamounting to ` 62.50 cr (Previous year: ` 72.91 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, both present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, both present and future. Repayable in 15 equal half yearly installments beginning from January 14, 2011 along with interest ranging from 6.99% p.a. to 7.46% p.a. 3. Rupee term loan from a financial institution amounting to ` 2.71 cr (Previous year: ` 6.34 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 February 19, 2009 along with interest LTMLR + 180 bps p.a. (a) (iii) 1. Foreign currency term loan from a bank amounting to ` NIL (Previous year: ` 3.75 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 December 31, 2007 along with interest @ 6 Month LIBOR +500 bps p.a. 2. Foreign currency term loan from a bank amounting to ` NIL (Previous year: ` 6.09 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 May 05, 2008 along with interest @ 6 Month LIBOR +450 bps p.a. 3. Foreign currency term loan from a bank amounting to ` NIL (Previous year: ` 5.58 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, 2008 along with interest @ 6 Month LIBOR +425 bps p.a. 4. Foreign currency term loan from a bank amounting to ` 25.58 cr (Previous year: ` NIL) is to be 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 July 31, 2012 along with interest @ 3 Month LIBOR +225 bps p.a. (a) (iv) 1. Foreign currency loan from a financial institution amounting to ` 63.95 cr (Previous year: ` 11.16 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, present and future. Repayable in7halfyearly installmentsbeginning from July 15, 2012 along with interest @ 6 Month LIBOR +225 bps p.a. (a) (v) 1. Unsecured rupee term loan from a bank amounting to ` 0.11 cr (Previous year: ` NIL) Repayable in 20 equal quarterly installments beginning from November 30, 2011 along with interest @ Base rate +2.5% p.a. NOTE 4 LONG-TERM BORROWINGS (contd)