101 / 168
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