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Atul Ltd | Annual Report 2011-12
Sr No
Type of loan | Nature of security
Terms of repayment
(a) (i)
1. Rupee term loan from a bank amounting to
`
6.23
cr (Previous year:
`
12.51 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, 2009 along with
interest @ PLR -2% p.a.
2. Rupee term loan from a bank amounting to
`
12.64 cr (Previous year:
`
17.60 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 20 equal quarterly installments
beginning from October 30, 2009 along with
interest @ Base rate +3.50% p.a.
3. Rupee term loan from a bank amounting to
`
7.50
cr (Previous year:
`
12.50 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 October 28, 2009 along with
interest @ Base rate +1.50% p.a.
(a) (ii) 1. Rupee term loan from a financial institution
amounting to
`
NIL (Previous year:
`
6.21 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 20 equal quarterly installments
beginning from April 10, 2007 along with
interest @ 10.75% p.a.
(
`
cr)
NOTE 4 LONG-TERM BORROWINGS
Non-current
Current
As at
March 31,
2012
As at
March 31,
2011
As at
March 31,
2012
As at
March 31,
2011
(a) Term loans
Secured:
(i) Rupee term loans from banks
10.14
26.37
16.23
16.24
(ii) Rupee term loans from financial institutions
52.08
65.21
13.13
20.25
(iii) Foreign currency term loans from banks
20.78
-
4.80
15.42
(iv) Foreign currency term loans from financial
institutions
61.81
11.16
2.14
-
Unsecured:
(v) Rupee term loans from banks
0.09
-
0.02
-
144.90
102.74
36.32
51.91
(b) Deposits, unsecured:
(i) Public deposits from related parties
-
0.83
0.83
0.01
(ii) Public deposits from others
-
6.79
6.66
3.67
-
7.62
7.49
3.68
Amount disclosed under the head ‘Other Current
Liabilities’ (see Note 9)
(43.81)
(55.59)
144.90
110.36
-
-
Notes
to financial statements