Annual Report 2011 - 2012 - United Breweries Limited

6. LONG-TERM BORROWINGS
Notes to the Consolidated Financial Statements (contd.)
Non-current portion
As at
March 31, 2012
(All amounts in Rs.lacs, unless otherwise stated)
As at
March 31, 2011
Current portion
As at
March 31, 2012
As at
March 31, 2011
Secured borrowings
Foreign currency term loans
External commercial borrowing from banks 35,810 — — 4,656
Term loan from banks — 625 625 3,756
Indian currency term loans — 3,344 1,700 5,316
Other loans — — — 1,056
35,810 3,969 2,325 14,784
Unsecured borrowings
From banks — 19,033 1,533 1,533
Deferred payment liabilities 4,470 4,470 — —
4,470 23,503 1,533 1,533
Amount disclosed under the head " Other
current liabilities" (Note 11)
— — (3,858) (16,317)
Total 40,280 27,472 — —
Nature of security and terms of repayment for secured borrowings
Nature of security
Terms of repayment
Foreign currency term loans
HDFC Bank Ltd: Rs.625 (2011: Rs.3,125) secured by
first pari-passu charge on all moveable and immoveable
properties of the company except Taloja, Aurangabad,
Dharuhera, Chennai Breweries, Empee Breweries, UB
Nizam, UB Ajanta and Srikakulam breweries.
DBS Bank Ltd: Rs.25,578 (2011: Rs. Nil) secured by paripassu
charge on other than current assets of present
and future except Taloja and Aranvoyal breweries.
Rabobank International: Rs.10,232 (2011: Rs. Nil) secured
by pari-passu charge on other than current assets of
present and future except Taloja and Aranvoyal Breweries.
BNP Paribas: Rs.Nil (2011: Rs.4,656) secured by first
charge on all moveable and immovable properties of
the Company except Taloja, Aurangabad, Dharuhera,
Chennai Breweries, Empee Breweries, UB Nizam, UB
Ajanta and Srikakulam breweries.
Axis Bank Ltd: Rs.Nil (2011: Rs.1,256) secured by first
charge on fixed assets and current assets of Srikakulam
brewery.
Repayable in 16 quarterly instalments from the date of
loan (June 2008) along with interest of 9.45% per annum
(fully hedged)
Repayable from February 27, 2016 i.e. end of 4th year in 9
equal quarterly instalments of till February 27, 2018 along
with interest of 9.58% per annum (fully hedged)
3 year ECB Loan repayable on January 10, 2015. Interest
of 7.15% per annum payable on quarterly basis (fully
hedged)
Repayable in December 2011 on completion of 5 years
from the date of loan (December 2006) along with interest
of 8.85% per annum (fully hedged)
Repayable in 16 quarterly instalments from the date of
loan (December 2007) along with interest of 6-months
Libor + 275 basis points (not hedged)
78