Kesoram Industries Limited | Corporate Website



5.	LONG TERM BORROWINGS		in Rs crore
			Non current portion		Current maturities
			31st March, 2013	31st March, 2012	31st March, 2013	31st March, 2012
	Term Loans :
		From Bank
		Indian rupee loan (secured)	2,057.55	2,245.00	549.95	255.00
		Foreign currency loan (secured)	157.96	210.31	111.23	393.19
		From others
		Indian rupee loan (secured)	262.91	-	12.09	-
		Finance lease (secured)	0.15	-	0.10	-
		Deposits (unsecured) :
		From selling agents and others	295.82	300.46	-	-
			2,774.39	2,755.77	673.37	648.19

	The above amount includes :
		Secured borrowings	2,478.57	2,455.31	673.37	648.19
		Unsecured borrowings	295.82	300.46	-	-
		Amount disclosed under the head "other current liabilities" (refer Note 8)	-	-	(673.37)	(648.19)
			2,774.39	2,755.77	-	-

		The finance lease obligation is in respect of a Audi A6 car aquired in 2012 which is secured against the said asset. The above mentioned facility is to be repaid in equal monthly installments over the period of loan and at an interest rate of 10% p.a. The period of repayment with respect to balance sheet date is 28 months

a. Repayment terms and nature of securities given for Indian rupee term loans are as follows :
				in Rs crore
Bank	31-Mar-13	31-Mar-12	Nature of Security		Repayment Terms

Bank of Baroda	160.00	200.00	First pari passu charge on all moveable and immovable fixed assets (both present and future) and second pari passu charge on all current assets (both present and future) of the various units (excluding Spun Pipes & Foundry and Hindustan Heavy Chemicals units) of the company, subject to prior subsisting charge on moveable and immoveable fixed assets pertaining to Vasavadatta Cement unit.		Repayable in four specified annual instalments commencing from March 2013. Interest is payable monthly @ base rate plus 1.25% p.a.

Punjab National Bank	235.00	300.00	First pari passu charge on all moveable and immovable fixed assets (both present and future) and second pari passu charge on all current assets (both present and future) of the various units (excluding Spun Pipes & Foundry and Hindustan Heavy Chemicals units) of the company, subject to prior subsisting charge on moveable and immoveable fixed assets pertaining to Vasavadatta Cement unit.		Repayable in twenty quarterly instalments starting from June 2012 distributed as first sixteen instalments of Rs 16.25 crore each and balance four instalments of 10 crore each Interest is payable monthly @ base rate plus 1.5% p.a. plus term premium.
	395.00	500.00	Carried over