Atul Ltd 2020-21

191 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 h) Foreign currency translation reserve Exchange differences arising on translation of the foreign operations are recognised in other comprehensive income as described in accounting policy and accumulated in a separate reserve within equity. The cumulative amount is reclassified to the Consolidated Statement of Profit and Loss when the net investment is disposed off. ( ` cr) Note 16 Borrowings Maturity Terms of repayment Interest rate p.a. As at March 31, 2021 As at March 31, 2020 a) Secured i) Rupee term loan from banks (refer Note a) July 2025 20 equal quarterly installments 8.90% - 60.75 - 40.94 December 2025 22 equal quarterly installments 9.00% - 36.83 - 32.78 March 2028 20 equal quarterly installments 7.90% 2.44 - - ii) Foreign currency term loan from banks (refer Note b) May 2023 50 equal monthly installments 5.25% - 0.87 - 0.99 August 2023 48 equal monthly installments starting from September 2019 2.75% (Base rate + 2%) - 5.88 - 16.85 iii) Working capital loans from banks (refer Note c) December 2025 22 equal quarterly installments 8.25% 2.89 2.00 1 - 12 months Repayable on demand 9.75% - 10.15% 3.51 - 3.39 - b) Unsecured i) Rupee term loan from a bank March 2021 8 quarterly installments 9.70% - - - 4.52 ii) Loan from related parties 1 - 6 months 1 - 6 months 9.00% - 13.50 7.00 - 3.51 123.16 10.39 98.08 Amount of current maturities of long-term debt disclosed under the head ‘Other financial liabilities’ (refer Note 17) - (24.95) - (11.50) 3.51 98.21 10.39 86.58 Notes: a) Rupee term loans from banks are secured by exclusive charge on the property, plant and equipment of respective subsidiary companies, both present and future. b) Foreign currency term loans from banks are secured by exclusive charge on the building of respective subsidiary companies, both present and future. c) Working capital loans repayable on demand from banks are secured by hypothecation of tangible current assets, namely, inventories and book debts and secured by second and subservient charge on immovable and movable assets of the Company and certain subsidiary companies to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letters of credit given by the bankers aggregating to ` 144.73 cr (March 31, 2020: ` 133.02 cr).