154 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements Note 17 Borrowings (` cr) Particulars Maturity Terms of repayment Interest rate pa As at March 31, 2023 As at March 31, 2022 Noncurrent Current Noncurrent Current a) Secured Cash credit loan from banks repayable on demand Short-term Repayable on demand 9.00% to 9.25% (March 31, 2022: 7.10% to 7.35%) - 5.41 - 22.77 b) Unsecured Working capital demand loan from banks 0-90 days 0-90 days (March 31, 2022: 3.80 % to 4%) - - - 50.17 - 5.41 - 72.94 a) Security details Working capital loans repayable on demand from banks (March 31, 2023: ` 5.41 cr, March 31, 2022: ` 72.94 cr) 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 ` 200.08 cr (March 31, 2022: ` 195.80 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, 2023 As at March 31, 2022 i) Property, plant and equipment excluding leasehold land, certain lands and buildings 1,341.65 1,253.52 ii) Inventories 647.64 701.03 iii) Trade receivables 893.86 1,058.83 iv) Current assets other than inventories and trade receivables 125.13 165.69 Total assets as security 3,008.28 3,179.07 d) Net debt reconciliation (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Net debt as at the beginning of the year 72.94 - (Repayment ) | Disbursement (67.53) 72.94 Interest expense 0.18 0.83 Interest paid (0.18) (0.83) Net debt as at the end of the year 5.41 72.94
RkJQdWJsaXNoZXIy MjA2MDI2