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99
No.
Type of loan | Nature of security
Terms of repayment
i)
Rupee term loan from a foreign financial institution
amounting to
`
20.83 cr (Previous year:
`
31.25 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, both 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 - 4 of
`
5.21 cr each).
ii)
a) Foreign currency term loan from a foreign bank
amounting to
`
2.07 cr (Previous year:
`
9.77 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, both 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 - 1 of
`
2.07 cr each).
b) Foreign currency term loan from a bank amounting
to
`
33.17 cr (Previous year:
`
52.16 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 - 6 of
`
5.53 cr each).
iii)
Foreign currency loan from a foreign financial institution
amounting to
`
Nil (Previous year:
`
23.47 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, both present
and future.
Tranche 1:7 half yearly installments beginning
from January 15, 2013 along with interest
@ 6 Month LIBOR + 225 bps p.a.
The loan was fully repaid during the year.
Tranche 2:7 half yearly installments
beginning from July 15, 2013 along with
interest @ 6 Month LIBOR + 225 bps p.a.
The loan was fully repaid during the year.
iv)
a) Unsecured rupee term loan from a bank amounting
to
`
0.003 cr (Previous year:
`
0.03 cr).
20 equal quarterly installments beginning
from November 30, 2011 along with
interest @ Base rate +1.5% p.a. (balance
installments payable - 1 for
`
0.003 cr each).
b) Unsecured rupee term loan from a bank amounting
to
`
Nil (Previous year:
`
0.11 cr).
Quarterly installments beginning from
December 01, 2012 along with interest @
Base rate +1.5% p.a.
The loan was fully repaid during the year..
Notes
to the Financial Statements
Note 4 Long-term borrowings
(continued)