73 / 140
71
Notes
to financial statements
NOTE 4 LONG-TERM BORROWINGS
(contd)
Sr No
Type of loan | Nature of security
Terms of repayment
(a) (iii) 1 Foreign currency term loan from banks
amounting to
`
22.10 cr (Previous year:
`
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pari passu
charge
E\ ZD\ RI K\SRWKHFDWLRQ RI DOO PRYDEOH À[HG
assets and mortgage of immovable properties
of the Company, present and future, excluding
VSHFLÀF DVVHWV ZLWK H[FOXVLYH FKDUJH DQG VHFRQG
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 14).
2 Foreign currency term loan from banks
amounting to
`
54.39 cr (Previous year:
`
Nil) is
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pari passu
charge on the entire
PRYDEOH DQG LPPRYDEOH À[HG DVVHWV RI WKH
Company, both present and future.
Repayable in 12 equal quarterly installments
beginning from December 29, 2014 along with
interest @ 3 Month LIBOR + 290 bps p.a.
(a) (iv)
)RUHLJQ FXUUHQF\ ORDQ IURP ÀQDQFLDO LQVWLWXWLRQ
amounting to
`
65.72 cr (Previous year:
`
FU LV VHFXUHG E\ ÀUVW
pari passu
charge
E\ ZD\ RI K\SRWKHFDWLRQ RI DOO PRYDEOH À[HG
assets and mortgage of immovable properties
of the Company, present and future, excluding
VSHFLÀF DVVHWV ZLWK H[FOXVLYH FKDUJH DQG VHFRQG
charge on entire current assets of the Company,
present and future.
7 half yearly installments beginning from
January 15, 2013 along with interest @ 6 Month
LIBOR + 225 bps p.a. (balance installments
payable 6).
(a) (v) 1 Unsecured rupee term loan from bank amounting
to
`
0.11 cr (Previous year:
`
0.11 cr)
20 equal quarterly installments beginning from
November 30, 2011 along with interest @ Base
rate +2.5% p.a. (balance installments payable 4).
2 Unsecured rupee term loan from bank
amounting to
`
0.25 cr (Previous year:
`
Nil)
Repayable in 20 equal quarterly installments
beginning from October 1, 2013 along with
interest @ Base rate +2.5% p.a.