Annual Report 2012-2013 - UB Group

Notes to the Financial Statements (contd.)
40
Nature of security
(4) Loan from Yes Bank Limited amounting to
` 810.675 million (Pr year ` 485 million) (for
securities refer point no. 3 above).
(5) Loan from Yes Bank Limited amounting to
` 2,196.800 million (Pr year ` nil) (for securities
refer point no. 3 above)
(6) Loan from Capital First Limited (formerly
Future Capital Holdings Limited)
amounting to ` 950 million (Pr Year
` 950 million) is secured by the pledge of
1,279,688 shares in United Spirits Limited held
by the company and 1,171,312 shares in United
Spirits Limited held by a subsidiary company.
(7) Loan from L&T Finance Limited amounting to
` 12.792 million (Pr. year ` 23.909 million) is
secured by the fixed assets for which the loan
was taken.
(8) Loan from ECL Finance Limited amounting to
` 1,560.882 million (Pr. year ` 1,000.000 million)
is secured by the pledge of 3,240,000 shares in
United Spirits Limited held by the company.
The security also extend to borrowings from
Edelweiss Finance and Investments Limited.
(9) Loan from Edelweiss Finance and Investment
Limited amounting to ` 384.697 million (Pr
year ` nil) (for security details refer point no.
8 above)
(10) Loan from Religare Finvest Limited amounting
to ` 970 million (Pr year ` 970 million) is secured
by the pledge of 1,951,183 shares in United
Spirits Limited held by the company
(11) Loan from IFCI Limited amounting to
` 2,500 million (Pr year ` 2,500 million) is secured
by the pledge of 402,550 shares in United
Spirits Limited and 7,673,422 shares in United
Breweries Limited held by the company and
1,467,523 shares in United Spirits Limited held
by a subsidiary company. These securities also
extend to borrowings of a subsidiary company.
(12) Loan from IL & FS Financial Services Limited of
` 1,400 million (Pr year ` 1,400 million) is
secured by the pledge of 1,619,000 shares in
United Spirits Limited held by the company and
465,647 shares in United Spirits Limited held by
a subsidiary company.
Terms of repayment
Moratorium of 24 months followed by 12 equal
quarterly instalments from the date of each respective
disbursement i.e. March 31. 2012. Interest @ 3.50%
above the Yes Bank Base rate prevailing from time
to time (presently 14.00% p.a.). Overdue interest of
` 8.533 million is since paid.
Moratorium of 24 months followed by 12 equal
quarterly instalments from the date of each respective
disbursement i.e. March 30. 2013. Interest @ 2.50%
above the Yes Bank Base rate prevailing from time
to time (presently 13.00% p.a.). Overdue interest of
` 1.565 million is since paid.
Repayment of ` 450 million in March 2013 and ` 500
million in June 2013. Rate of interest @ 15.5% p.a.
Repayable in monthly instalments. Last instalment due
in March 2014. Rate of interest @ 14.01% p.a.
Repayable on the last day of 18th month period
commencing from 1st drawdown date i.e October
2012. Rate of interest @18.75% p.a.
Repayable on the last day of 18th month period
commencing from 1st drawdown date i.e October
2012. Rate of interest @18.75% p.a. Overdue interest
of ` 0.056 is since paid.
Repayable in October 2012. Rate of interest @ 18.51%
p.a. Overdue principal of ` 970 million is pending for
repayment.
Repayable in 4 equal instalments of ` 625 million
on April 15, 2013, July 15, 2013, October 15, 2013
and January 15, 2014. Rate of interest @ 16.5% p.a.
Overdue interest of ` 33.781 million is pending for
payment.
Repayment of ` 1,000 million in Nov 2015 and ` 400
million in March 2015. Rate of interest @ 15.75% p.a.
overdue interest of ` 39.744 million is pending for
payment.