190 / 236
188
Notes on the consolidated financial statements
for the year ended 31 March 2017
(a) Terms of 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
Working capital
facility (secured)
2.23
11.22
`
10.00 crores (31
March 2016
`
10.00
crore, 1 April 2015
`
Nil)
9.30%
Secured against 1st charge on
Inventories and Book debts of the
company, both present & future.
Above loan is further secured by
gaurantee of Holding Company M/s,
Kajaria Ceramics Limited
On demand
Working capital
facility (secured)
3.02
-
-
`
10.00 crores (31
March 2016
`
10.00
crore, 1 April 2015
`
Nil)
Secured against Hypothecation of
entire raw materials, stock in processs,
stores & spares, packing materials,
finished goods and book debts of the
company, both present & future. Above
loan is further secured by gaurantee of
Holding Company M/s, Kajaria Ceramics
Limited
upto 150 days
usance
Term loans -
from Banks
(secured)
10.10
14.31
14.31
`
17.50 crores
(Availed amount
17.22 crores). (31
March 2016
`
17.50
crores, 1 Apr 2015
`
17.50 crores)
11.50%
Hypothecation of entire machineries,
Electrical installations, Furniture &
Fixtures, Office equipments & other
movable FA, present & Future, situated
at the factory of the company. Above
loan is further secured by Equitable
mortgage of Factory Land and building
situated at Village Shapar, Morbi and
Equitable mortgage of Residential
house situated at Village Jodhapar,
Morbi belonging to a promoter of the
company.
Loan is repayable
in 53 monthly
installments of
`
32.40 Lakhs each
and 54th installment
of
`
32.80 Lakhs
w.e.f. July 2015 till
Feb 2020
15. Borrowings
(contd...)