89
Notes on Accounts
4. LONG-TERM BORROWINGS
As at
As at
31.03.2013
31.03.2012
`
in million
`
in million
NOTES :
1. Term loans from Banks are secured by 1st charge on immovable and movable assets (present and future) of the Company (subject to
prior charges on movables in favour of banks) ranking pari-pasu with the charges created in favour of participating Banks and further
guaranteed by the Directors of the Company.
2. Term Loans from others parties are secured against respective assets financed.
3. The term loans are repayable generally over a period of three to five years after a moratarium period of one to two years in installments
as per the terms of the respective agreements.
A. TERM LOANS
From Banks
- Secured
775.25
898.41
From Other Parties
- Secured
19.71
18.34
B. PROMOTER LOANS
- From Directors, shareholders & relatives
Unsecured
97.73
0.00
892.69
916.75
As At 1st April 2012
643.68
603.20
Add : Additional adjustment for current year
12.59
40.48
As at 31st March 2013
656.27
643.68
The net increase during the year in the deferred tax liability
`
12.59 Million (previous year increase
`
40.48 million) has been debited to
the Statement of Profit & Loss.
5. DEFERRED TAX LIABILITY
Provision for Gratuity Obligation
As per last balance sheet
62.24
42.16
Additions during the year
25.08
20.08
Total
87.32
62.24
Refer Note No. 35 for detailed disclosure as per AS 15.
6. LONG TERM PROVISIONS
Loans Repayable On Demand
Working Capital Facilities
- From Banks (Secured)
1,535.06
1,106.24
Short Term Loans & Advances
- From Banks (Unsecured)
200.00
37.04
Total
1,735.06
1,143.28
Working Capital Facilities from Banks are secured by 1st charge on inventories and book debts and second charge on immovable and
movable assets of the Company ranking pari passu amongst the Banks and further guaranteed by the Directors of the Company.
7. SHORT-TERM BORROWINGS
