150 Atul Ltd | Annual Report 2021-22 Note 17 Borrowings (` cr) Particulars Maturity Terms of repayment Interest rate pa As at March 31, 2022 As at March 31, 2021 Current Noncurrent Current Noncurrent a) Secured Cash credit loan from banks repayable on demand Short-term Repayable on demand 7.10% to 7.35% 22.77 - - - b) Unsecured Working capital demand loan from banks 0-90 days 0-90 days 3.80 % to 4% 50.17 - - - 72.94 - - - a) Security details: Working capital loans repayable on demand from banks (March 31, 2022: ` 72.94, March 31, 2021: nil) is secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole and also secured by second and subservient charge on immovable and movable assets of the Company to the extent of individual bank limit as mentioned in joint consortium documents. This also extends to guarantees and letters of credit given by the bankers aggregating to ` 195.80 cr (March 31, 2021: ` 144.73 cr). b) Quarterly statement of current assets filed with banks during the year are in agreement with the books of accounts. c) The carrying amount of assets hypothecated | mortgaged as security for borrowing limits are: (` cr) Particulars As at March 31, 2022 As at March 31, 2021 i) Property, plant and equipment excluding leasehold land, certain lands and buildings 1,253.52 1,035.83 ii) Inventories 701.03 510.57 iii) Trade receivables 1,058.83 713.53 iv) Current assets other than inventories and trade receivables 165.69 426.35 Total assets as security 3,179.07 2,686.28 d) Net debt reconciliation: (` cr) Particulars As at March 31, 2022 As at March 31, 2021 Net debt as at the beginning of the year - - (Repayment ) | Disbursement 72.94 - Interest expense 0.83 0.05 Interest paid (0.83) (0.05) Net debt as at the end of the year 72.94 -
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