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NOTE 4 LONG-TERM BORROWINGS
(contd)
Sr No
Type of loan | Nature of security
Terms of repayment
(iii)
Foreign currency loan from a foreign financial
institution amounting to
`
47.58 cr (Previous year:
`
65.72 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.
Tranche1:7halfyearlyinstallmentsbeginning
from January 15, 2013 along with interest
@ 6 Month LIBOR + 225 bps p.a. (balance
installments payable-3 of
`
2.50 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-4 of
`
10.02
cr each).
(iv)
a) Unsecured rupee term loan from a bank amounting
to
`
0.05 cr (Previous year:
`
0.11 cr).
20 equal quarterly installments beginning
from November 30, 2011 along with
interest @ Base rate +1.5% p.a. (balance
installments payable-9 for
`
0.01 cr each).
b) Unsecured rupee term loan from a bank amounting
to
`
0.21 cr (Previous year:
`
0.25 cr).
Quarterly installments beginning from
December 1, 2012 along with interest @
Base rate +1.5% p.a. (balance installments
payable-6 of
`
0.04 cr each).
(
`
cr)
NOTE 5 DEFERRED TAX LIABILITIES (NET)
As at
March 31, 2014
Charge | (credit)
during the year
As at
March 31, 2013
Deferred tax liabilities:
on account of timing difference in depreciation
43.85
8.68
35.17
43.85
8.68
35.17
Deferred tax assets:
on account of timing difference in
(a) Provision for leave encashment
7.22
0.41
6.81
(b) Provision for doubtful debts
1.14
0.19
0.95
(c) Provision for doubtful advances
0.06
–
0.06
(d) Voluntary retirement scheme
0.04
(0.15)
0.19
8.46
0.45
8.01
Net deferred tax liabilities | (assets)
35.39
8.23
27.16
(
`
cr)
NOTE 6 LONG-TERM PROVISIONS
As at
March 31, 2014
As at
March 31, 2013
Provision for leave entitlement
5.19
5.04
5.19
5.04
Notes
to the Financial Statements