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71
Notes
to financial statements
Sr No
Type of loan | Nature of security
Terms of repayment
2. Rupeetermloanfromafinancialinstitutionamounting
to
`
62.50 cr (Previous year:
`
72.91 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, both present and future,
excluding specific assets with exclusive charge
and second charge on entire current assets of the
Company, both present and future.
Repayable in 15 equal half yearly installments
beginning from January 14, 2011 along with
interest ranging from 6.99% p.a. to 7.46%
p.a.
3. Rupee term loan from a financial institution
amounting to
`
2.71 cr (Previous year:
`
6.34 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 February 19, 2009 along with
interest LTMLR + 180 bps p.a.
(a) (iii) 1. Foreign currency term loan from a bank amounting
to
`
NIL (Previous year:
`
3.75 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 December 31, 2007 along
with interest @ 6 Month LIBOR +500 bps p.a.
2. Foreign currency term loan from a bank amounting
to
`
NIL (Previous year:
`
6.09 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 May 05, 2008 along with
interest @ 6 Month LIBOR +450 bps p.a.
3. Foreign currency term loan from a bank amounting
to
`
NIL (Previous year:
`
5.58 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, 2008 along with
interest @ 6 Month LIBOR +425 bps p.a.
4. Foreign currency term loan from a bank amounting
to
`
25.58 cr (Previous year:
`
NIL) is to be 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 July 31, 2012 along with
interest @ 3 Month LIBOR +225 bps p.a.
(a) (iv) 1. Foreign currency loan from a financial institution
amounting to
`
63.95 cr (Previous year:
`
11.16
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.
Repayablein7halfyearlyinstallmentsbeginning
from July 15, 2012 along with interest @
6 Month LIBOR +225 bps p.a.
(a) (v) 1. Unsecured rupee term loan from a bank amounting
to
`
0.11 cr (Previous year:
`
NIL)
Repayable in 20 equal quarterly installments
beginning from November 30, 2011 along
with interest @ Base rate +2.5% p.a.
NOTE 4 LONG-TERM BORROWINGS
(contd)