Atul Ltd 2015-16

99 No. Type of loan | Nature of security Terms of repayment i) Rupee term loan from a foreign financial institution amounting to ` 20.83 cr (Previous year: ` 31.25 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, both present and future. 15 equal half yearly installments beginning from January 14, 2011 along with interest ranging from 6.99% p.a. to 7.46% p.a. (balance installments payable - 4 of ` 5.21 cr each). ii) a) Foreign currency term loan from a foreign bank amounting to ` 2.07 cr (Previous year: ` 9.77 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, both 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 - 1 of ` 2.07 cr each). b) Foreign currency term loan from a bank amounting to ` 33.17 cr (Previous year: ` 52.16 cr) is secured by first pari passu charge on the entire movable and immovable fixed assets of the Company, both present and future. 12 equal quarterly installments beginning from December 29, 2014 along with interest @ 3 Month LIBOR + 290 bps p.a. (balance installments payable - 6 of ` 5.53 cr each). iii) Foreign currency loan from a foreign financial institution amounting to ` Nil (Previous year: ` 23.47 cr) is secured by first pari passu charge by way of hypothecation of all movable fixed assets and mortgage of immovable properties of the Company, present and future, excluding specific assets with exclusive charge and second charge on entire current assets of the Company, both present and future. Tranche 1:7 half yearly installments beginning from January 15, 2013 along with interest @ 6 Month LIBOR + 225 bps p.a. The loan was fully repaid during the year. Tranche 2:7 half yearly installments beginning from July 15, 2013 along with interest @ 6 Month LIBOR + 225 bps p.a. The loan was fully repaid during the year. iv) a) Unsecured rupee term loan from a bank amounting to ` 0.003 cr (Previous year: ` 0.03 cr). 20 equal quarterly installments beginning from November 30, 2011 along with interest @ Base rate +1.5% p.a. (balance installments payable - 1 for ` 0.003 cr each). b) Unsecured rupee term loan from a bank amounting to ` Nil (Previous year: ` 0.11 cr). Quarterly installments beginning from December 01, 2012 along with interest @ Base rate +1.5% p.a. The loan was fully repaid during the year.. Notes to the Financial Statements Note 4 Long-term borrowings (continued)