183 / 236
181
(
`
cr)
Note 17 Borrowings
Maturity Terms of
repayment
Effective
interest
rate p.a.
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Current
Non-
current
Current
Non-
current
Current
Non-
current
a)
Secured
i)
Rupee term loan from a
foreign financial institution
(refer Note a)
January,
2018
15 equal
half yearly
installments
6.99% -
7.46%
–
10.42
– 20.83
– 31.25
ii)
Foreign currency term loans
from banks (refer Note b
and c)
September,
2017
12 equal
quarterly
installments
3 months
LIBOR +
2.90%
– 10.81
– 33.17
– 52.16
April, 2016 16 equal
quarterly
installments
3 months
LIBOR +
2.25%
–
–
–
2.07
–
9.78
iii) Foreign currency term loans
from a foreign financial
institution (refer Note d)
January,
2016
16 equal
quarterly
installments
6 months
LIBOR +
2.25%
–
–
–
–
– 23.47
iv) Working capital loans from
banks (refer Note f)
1-12
months
Repayable
on demand
2.43% -
11.00%
13.43
79.51
51.99
v)
Rupee term loans from bank
(refer Note e)
June, 2018 60 equal
monthly
installments
Base rate +
2.50%
–
1.87
3.38
–
4.87
b)
Unsecured
i)
Rupee term loans from a
bank (March 31, 2016:
`
30,112)
May, 2016 20 equal
quarterly
installments
Base rate +
1.50%
–
–
–
–
–
0.14
ii)
Loan from banks including
foreign banks
1-6
months
1-6
months
1.00% -
5.00%
52.95
54.24
16.20
iii)
Loan from Related Parties
1-6
months
1-6
months
9.25%
4.25
17.50
9.00
c)
Buyers' credit
–
6.91
–
d)
Commercial papers
1-3
months
1-3
months
6.50%
73.95
98.20
97.73
e)
Deposit from the Directors
1-12
months
1-12
months
9.00%
0.01
0.01
0.01
144.59 23.10
256.37 59.45 174.93 121.67
Amount of current maturities of long-term debt disclosed under the head
'Other financial liabilities' (refer Note 18)
(22.72)
(36.10)
(64.21)
144.59
0.38 256.37
23.35 174.93
57.46
a) Rupee term loan from a foreign financial institution is secured by first
pari passu
charge by way of hypothecation of
all movable property, plant and equipment and mortgage of immovable properties of the Group, present and future,
excluding specific assets with first
pari-passu
charge with other lenders and second charge on entire current assets of the
Group, both present and future.
b) Foreign currency term loan from a foreign bank is secured by first
pari passu
charge by way of hypothecation of all
movable property, plant and equipment and mortgage of immovable properties of the Group, present and future,
excluding specific assets with first
pari passu
charge and second charge on entire current assets of the Group, both
present and future.
c) Foreign currency term loan from a bank is secured by first
pari passu
charge on the entire movable and immovable
property, plant and equipment of the Group, both present and future.
d) Foreign currency term loan from a foreign bank is secured by first
pari passu
charge by way of hypothecation of all
movable property, plant and equipment and mortgage of immovable properties of the Group, present and future,
excluding specific assets with first
pari-passu
charge with other lenders charge and second charge on entire current assets
of the Group, both present and future.
e) Rupee term loan from bank is secured by exclusive charge on the fixed assets of the Company as a whole, both present
and future.
f)
Security details:
Working capital loans repayable on demand from banks is secured by hypothecation of tangible current assets, namely,
inventories and book debts of the Group as a whole and also secured by second and subservient charge on immovable
and movable assets of the Group to the extent of individual bank limit as mentioned in joint consortium documents. This
also extends to guarantees and letter of credits given by the bankers aggregating
`
82.47 cr (March 31, 2016:
`
65.03 cr,
April 01, 2015:
`
70.66 cr).
Notes
to the Consolidated Financial Statements