Notes on the consolidated financial statements
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
Capital Redemption Reserve
As per last Balance Sheet
5.00
5.00
Securities Premium Account
As per last Balance Sheet
163.06
63.84
Add : Amount received on issue of shares
0.00
99.22
163.06
163.06
General Reserve
Balance b/f
185.37
146.03
Less: Amount withdrawn from reserve
0.00
-0.66
Add : Transferred During the Year
60.00
40.00
245.37
185.37
Employee Stock Option Outstanding
Amount for the year (Refer Note 35)
0.17
0.00
Foreign currency translation reserve
-0.17
0.00
Surplus
As per last balance sheet
371.62
274.17
Add: Net Profit after Tax transferred from Statement of Profit & Loss
229.20
175.60
Less : Proposed Dividend on Equity Shares [Dividend
`
5 per share (Previous year
`
4/- per share)]
39.74
31.79
Less : Corporate Dividend Tax
8.09
6.36
Less : Transfer to General Reserve
60.00
40.00
492.99
371.62
906.43
725.05
3. RESERVES AND SURPLUS
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
A. RUPEE TERM LOANS
SECURED
- from Banks
126.55
82.06
- from Financial Institutions (Interest Free)
5.19
0.00
- from Others
0.00
0.57
Vehicle Loan from banks
0.40
1.62
B. UNSECURED LOANS
From Directors & Shareholders of Subsidiary Companies
12.74
12.15
144.87
96.40
4. LONG-TERM BORROWINGS
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 Directors of the Company.
2. Interest Free Term loan from a state financial institution is secured against first charge on part of factory land and building of the
company at Sikandrabad, Uttar Pradesh. The loan is repayable in one instalment after seven years from the date of disbursement.
3. Vehicle Loans are secured against respective assets financed. Rate of interest of these loans ranges from 9.50% to 11.00% p.a..
Repayment of vehicle loans are according to the respective loan agreement executed with the lender.
4. 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. Rate of interest of these loans ranges from 9.7% to 15.25%.
5. There is no default in repayment of principle or interest on any of the loans during the year.
142
Kajaria Ceramics Limited
