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123
annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
(
`
in crores)
Non Current
Current
31 March 2017
31 March 2016 1 April 2015
31 March 2017
31 March 2016 1 April 2015
Term Loan
Secured
From Banks
0.26
1.21
2.84
-
-
-
Less: current maturities of
long term debt (refer note
19)
(0.26)
(0.93)
(1.61)
From financial institution
2.70
2.42
-
-
-
-
Working capital facility
Secured
From Banks
-
-
-
7.78
39.73
86.91
2.70
2.70
1.23
7.78
39.73
86.91
Refer note on next page for details of borrowings.
15. Borrowings
(
`
in crores)
Type of loan
Loan outstanding
Sanction
amount
Rate of
interest
Security
Guarantee
Repayment terms
As on 31
March 2017
As on 31
March 2016
As on 1
April 2015
Term loans -
from Banks
(secured)
0.26
1.21
2.83
`
1.47 crores (31
March 2016
`
3.23
crore, 1 April 2015
`
6.12 crore)
10.5%
to 11%
Secured against respective
assets financed.
Repayable in
equal monthly
installments over
3 years
Term loan -
from financial
institution *
5.19
5.19
0
`
5.19 crores (31
March 2016
`
5.19
crore, 1 April 2015
NIL)
Nil
Secured against first charge on
part of factory land and building
of the company at Sikandrabad,
UP.
Repayable in one
installment after
7 years from date
of disbursement.
Working capital
facility (secured)
0
0
25.51
`
Nil (31 March
2016
`
Nil, 1 April
2015
`
25.51 crores)
LIBOR +
2.5%
Secured by LOU from working
capital lenders
Repayable in 180
to 360 days
Working capital
facility (secured)
0
39.61
53.12
`
50.00 crores (31
March 2016
`
50.00
crore, 1 April 2015
`
50.00 crore)
9.4% to
11.30%
secured by 1st charge on
inventories and book debts and
second charge on immovable
and movable assets of the
company (at its factories at
Sikandrabad, U. P. and Gailpur,
Rajasthan)
On demand
Working capital
facility (secured)
7.78
0.13
8.28 (
`
7.78 crores (31
March 2016
`
0.13
crores, 1 April 2015
`
8.29 crores)
9% to
9.25%
All facilities are covered under
ECGC port shipment and buyer
wise cover issued by Export
Credit Guarantee Corporation of
India Ltd.
25 to 180 days
* In absolute terms i.e. undiscounted
(a) Terms of Borrowings
Notes on the standalone financial statements
for the year ended 31 March 2017