Atul Ltd 2014-15

99 ( ` cr) NOTE 4 LONG-TERM BORROWINGS Non-current Current maturities As at March 31, 2015 As at March 31, 2014 As at March 31, 2015 As at March 31, 2014 Secured: i) Rupee term loan from a foreign financial institution 20.83 31.25 10.42 10.42 ii) Foreign currency term loans from banks 33.25 59.47 28.68 17.53 iii) Foreign currency term loan from a foreign financial institution – 22.54 23.47 25.04 Unsecured: iv) Rupee term loans from a bank – 0.10 0.14 0.16 54.08 113.36 62.71 53.15 Amount disclosed under the head ‘Other Current Liabilities’ (refer Note 10) (62.71) (53.15) 54.08 113.36 – – No. Type of loan | Nature of security Terms of repayment i) Rupee term loan from a foreign financial institution amounting to ` 31.25 cr (Previous year: ` 41.67 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. 15 equal half yearly installments beginning from January 14, 2011 along with interest ranging from 6.99% p.a. to 7.46% p.a. (balance installments payable - 6 of ` 5.21 cr each). ii) a) Foreign currency term loan from a foreign bank amounting to ` 9.77 cr (Previous year: ` 16.90 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. 16 equal quarterly installments beginning from July 31, 2012 along with interest @ 3 month LIBOR + 225 bps p.a. (balance installments payable - 5 of ` 1.96 cr each). b) Foreign currency term loan from a bank amounting to ` 52.16 cr (Previous year: ` 60.10 cr) is secured by first pari passu charge on the entire movable and immovable fixed assets of the Company, both present and future. 12 equal quarterly installments beginning from December 29, 2014 along with interest @ 3 month LIBOR + 290 bps p.a. (balance installments payable - 10 of ` 5.22 cr each). Notes to the Financial Statements