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annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
Notes on the consolidated financial statements
for the year ended 31 March 2017
(
`
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)
1.25
3.65
5.16
`
8.00 crores (31
March 2016
`
8.00
crore, 1 April 2015
`
8.00 crore)
11.40%
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 Equitable mortgage
of Factory Land and building situated
at Village Shapar, Morvi and Equitable
mortgage of Residential house situated
at Village Jodhapar, Morvi belonging to
a promoter of the company.
On demand
Term loans -
from Banks
(secured)
-
-
0.01
`
0 (31 March 2016
`
0 , 1 April 2015
`
0.01 crore)
14%
Secured against respecticve assets
financed.
Repayable in 36
monthly installment
as per agreement
Term loan -
from financial
institution *
5.19
5.19
- 5.19 (31 March
2016
`
5.19 crore, 1
April 2015 NIL)
N. A.
Secured against first charge on part
of factory land and building of the
company at Sikandrabad, UP.
repayble in one
installment after 7
years from date of
disbursement.
Term loans -
from Banks
(secured)
0.26
1.21
2.83 1.47 (31 March
2016
`
3.23 crore,
1 April 2015
`
6.12
crore)
Rate of interest
is varing for each
loan.
Secured against respecticve assets
financed.
according to
respective loan
agreement executed
with lender
Working capital
facility (secured)
-
39.61
53.12 50.00 (31 March
2016
`
50.00 crore,
1 April 2015
`
50.00
crore)
Rate of interest
is variable and
linkerd to MCLR.
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)
-
-
25.51 25.51
LIBOR + 2.5% Secured by LOU from working capital
lenders
180 to 360 days
(a) Terms of Borrowings
15. Borrowings
(contd...)