Atul Ltd 2012-13

71 Notes to financial statements NOTE 4 LONG-TERM BORROWINGS (contd) Sr No Type of loan | Nature of security Terms of repayment (a) (iii) 1 Foreign currency term loan from banks amounting to ` 22.10 cr (Previous year: ` FU LV VHFXUHG E\ ÀUVW pari passu charge E\ ZD\ RI K\SRWKHFDWLRQ RI DOO PRYDEOH À[HG assets and mortgage of immovable properties of the Company, present and future, excluding VSHFLÀF DVVHWV ZLWK H[FOXVLYH FKDUJH DQG VHFRQG charge on entire current assets of the Company, present and future. 16 equal quarterly installments beginning from July 31, 2012 along with interest @ 3 Month LIBOR + 225 bps p.a. (balance installments payable 14). 2 Foreign currency term loan from banks amounting to ` 54.39 cr (Previous year: ` Nil) is VHFXUHG E\ ÀUVW pari passu charge on the entire PRYDEOH DQG LPPRYDEOH À[HG DVVHWV RI WKH Company, both present and future. Repayable in 12 equal quarterly installments beginning from December 29, 2014 along with interest @ 3 Month LIBOR + 290 bps p.a. (a) (iv) )RUHLJQ FXUUHQF\ ORDQ IURP ÀQDQFLDO LQVWLWXWLRQ amounting to ` 65.72 cr (Previous year: ` FU LV VHFXUHG E\ ÀUVW pari passu charge E\ ZD\ RI K\SRWKHFDWLRQ RI DOO PRYDEOH À[HG assets and mortgage of immovable properties of the Company, present and future, excluding VSHFLÀF DVVHWV ZLWK H[FOXVLYH FKDUJH DQG VHFRQG charge on entire current assets of the Company, present and future. 7 half yearly installments beginning from January 15, 2013 along with interest @ 6 Month LIBOR + 225 bps p.a. (balance installments payable 6). (a) (v) 1 Unsecured rupee term loan from bank amounting to ` 0.11 cr (Previous year: ` 0.11 cr) 20 equal quarterly installments beginning from November 30, 2011 along with interest @ Base rate +2.5% p.a. (balance installments payable 4). 2 Unsecured rupee term loan from bank amounting to ` 0.25 cr (Previous year: ` Nil) Repayable in 20 equal quarterly installments beginning from October 1, 2013 along with interest @ Base rate +2.5% p.a.