consolidated notes to financial statements
as at june 30, 2012
` IN LACS B-4 1.
2.
Long term Borrowings Secured Loans: Debentures (See Note 4.1 & 4.2) External commercial borrowings (See Note 4.3) Term loans : Banks (See Note 4.4 ((a) to (c)) Financial institutions (See Note 4.4 (d)) Vehicle loan (See Note 4.5) Unsecured Loans: Non-convertible debentures (See Note 4.6) Loan from banks (See Note 4.7) Zero coupon compulsory convertible bonds (ZCCB) (USD 15 Mn) (See Note 4.8) Deferred payment liabilities
Total long-term borrowings (1+2) Secured Loan:-
30.06.2012
30.06.2011
67,000 49,204
78,000 65,527
63,782 940 315 1,81,241
53,316 2,380 398 1,99,621
20,000 33,736 8,434 2,864 65,034 2,46,275
25,000 27,250 6,813 2,885 61,948 2,61,569
4.1 Non-Convertible Debentures
The Company had issued non convertible debentures (NCD) of ` 75,000 lacs which carrying an interest rate ranging from 8.75% to 9.90% depending upon the date and amount drawn. The debenture is secured by pari-passu first charge on fixed assets of the company both present and future except for NCD of ` 25,000 Lacs allotted on 29th September 2010 which is secured by Pari-Passu first charge on movable fixed assets of the company, both present and future. NCD are repayable in installments starting from September 2012 to June 2018. Maturity Profile and Rate of interest of Non Convertible Debentures are as set out below : Maturity Profile
Current Rate of Interest 2012-2013 8.75% 3,000 9.00% 2,500 9.08% 9.35% 9.50% 9.55% 9.65% 2,500 9.75% 9.90% 4.2 Non-Convertible Debentures
2013-2014 2,500 3,000 2,500 -
2014-2015 3,000 2,500 2,500 -
non – current 2015-2016 5,000 4,000 5,000 -
2016-2017 12,500 7,500 6,000
2017-2018 5,000 6,000
MATURITY PROFILE
Current non – current Rate of Interest 2012-2013 2013-2014 2014-2015 2015-2016 8.50% 2800 10.50% 200 The above debentures are secured by parri-passu first charge created on all immoveable and moveable properties of the Company both present and future.
4.3 External Commercial Borrowings (a)
The Company had obtained a loan from Consortium led by Rabobank for USD 145 million . The loan is repayable in installments starting from February 2011 to May 2015.The Loan is secured by pari-passu first charge on fixed assets of the company both present and future. Maturity Profile of External Commercial Borrowings are as set out below:
MATURITY PROFILE Current non – current 2012-2013 2013-2014 2014-2015 25,614 25,614 18,028 (b) The Company had obtained ECB of USD 20 Mn from HSBC which is secured by the first parri-passu charged on all moveable properties of the Company both present and future. MATURITY PROFILE Current 2012-2013 5561
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B a l l arp u r In d u s t rie s Li m i ted A n n ua l R e p o rt 2 0 1 1 -1 2
2013-2014 5561
non – current 2014-2015 -
2015-2016 -