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Atul Ltd | Annual Report 2014-15
NOTE 4 LONG-TERM BORROWINGS
(continued)
No.
Type of loan | Nature of security
Terms of repayment
iii)
Foreign currency loan from a foreign financial institution
amounting to
`
23.47 cr (Previous year:
`
47.58 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.
Tranche 1:7 half yearly installments
beginning from January 15, 2013 along
with interest @ 6 month LIBOR + 225
bps p.a. (balance installments payable-1
of
`
2.60 cr each). Tranche 2:7 half yearly
installments beginning from July 15, 2013
along with interest @ 6 month LIBOR
+ 225 bps p.a. (balance installments
payable - 2 of
`
10.43 cr each).
iv)
a) Unsecured rupee term loan from a bank amounting
to
`
0.03 cr (Previous year:
`
0.05 cr).
20 equal quarterly installments beginning
from November 30, 2011 along with
interest @ Base rate +1.5% p.a. (balance
installments payable - 4 for
`
0.01 cr each).
b) Unsecured rupee term loan from a bank amounting
to
`
0.11 cr (Previous year:
`
0.21 cr).
Quarterly installments beginning from
December 01, 2012 along with interest @
Base rate +1.5% p.a. (balance installments
payable - 3 of
`
0.04 cr each).
(
`
cr)
NOTE 5 DEFERRED TAX LIABILITIES (NET)
As at
March 31,
2015
Charge | (Credit) during the
year
As at
March 31,
2014
Statement
of Profit
and Loss
General
reserve*
Total
Deferred tax liabilities:
on account of timing difference in depreciation
53.54
14.49
(4.80)
9.69
43.85
53.54
14.49
(4.80)
9.69
43.85
Deferred tax assets:
on account of timing difference in
a) Provision for leave encashment
7.40
0.18
–
0.18
7.22
b) Provision for doubtful debts
1.50
0.36
–
0.36
1.14
c) Provision for doubtful advances
0.07
0.01
–
0.01
0.06
d) Voluntary Retirement Scheme
0.16
0.12
–
0.12
0.04
9.13
0.67
–
0.67
8.46
Net deferred tax liabilities | (assets)
44.41
13.82
(4.80)
9.02
35.39
*Refer Note 12(c)
(
`
cr)
NOTE 6 OTHER LONG-TERM LIABILITIES
As at
March 31, 2015
As at
March 31, 2014
Security deposits
20.13
17.80
20.13
17.80
(
`
cr)
NOTE 7 LONG-TERM PROVISIONS
As at
March 31, 2015
As at
March 31, 2014
Provision for leave entitlement
15.86
15.16
15.86
15.16
Notes
to the Financial Statements