Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

24. SECURITIES PLEDGED
Notes to the Financial Statements
Year Ended 31 st March 2011
Following assets have been pledged as security for liabilities.
Name of Bank Loan Security nature of Liability carrying Amount Pledged
Facility 2011 2010
Rs. Rs. Rs.
Bank of Ceylon 125,000,000 Primary mortgage over estate produce consisting of Tea, Rubber, Oilpalm, Coffee, Overdraft 53,797,091 57,572,458
Coconuts, Clove & Paddy on estate.
Primary floating mortgage bond for Rs. 25 Mn. over stock of estate produce consisting
of Tea, Rubber, Oil Palm and Coconut stored at Dunsinane, Sheen, Fernlands and
Medecombra Estates at Pundaluoya.
Hatton National Bank 50,000,000 Primary floating mortgage bond for Rs. 10 Mn. over leasehold property at “Talgaswella
Estate” in Galle.
Overdraft 15,359,281 15,808,105
Corporate Guarantee of Aitken Spence Plantation Managements Ltd.
Hatton National Bank 10,000,000 Primary floating mortagage bond for Rs. 25 Mn. over lease hold property “Gallinda E-Friends Loan 15,359,281 15,808,105
Estate” at Mapagala, Galle.
Hatton National Bank 75,000,000 Primary floating mortgage bond for Rs. 100 Mn. over leasehold property at “Fernlands Money Market Loan 7,086,861 7,293,951
Estate” Pundaluoya,Nuwara Eliya.
Hatton National Bank 25,000,000 Primary floating mortgage bond for Rs. 100 Mn. over leasehold property at “Fernlands Money Market Loan 7,086,861 25,000,000
Estate” Pundaluoya,Nuwara Eliya.
Hatton National Bank 10,000,000 Leeway available on the primary floating mortagage band for Rs. 50 Mn over leasehold Short Term Loan 11,952,017 12,301,274
property “Harrow Estate” situated at Pundaluoya, Nuwara Eliya
Seylan Bank 90,700,000 Primary mortgage over leasehold rights to the land and Buildings of Elpitiya and Term Loan 27,101,570 27,986,152
Bentota Estates.
DFCC Bank 158,481,886 Primary mortgage over leasehold rights to the land and buildings of Nayapane, Term Loan 37,478,674 38,574,938
Deviturai & Newpeacock estates.
DFCC Bank 124,014,728 Further mortgage over leasehold rights to the land and the buildings of Nayapane, Term Loan 37,478,674 38,574,938
Deviturai & Newpeacock estates.
DFCC Bank 25,429,000 Further mortgage over leasehold rights to the land and the buildings of Nayapane, Term Loan 37,478,674 38,574,938
Deviturai & Newpeacock estates.
DFCC Bank 47,000,000 Secondary mortgage over the leasehold rights of Sheen estate
Term Loan 11,572,377 11,910,540
together with buildings & machinery situated at Kadorapitiya.
Secondary mortgage over the leasehold rights of Sheen estate
DFCC Bank 18,000,000 Term Loan 11,572,377 11,910,540
together with buildings & machinery situated at Kadorapitiya.
NDB 80,000,000 Primary Mortgage over lealehold rights of Lelwela Estate.
Tea Securitising Loan 5,393,827 5,551,443
Corporate Guarantee of Aitken Spence Plantation Managements Ltd.
NDB 150,000,000 Primary Mortgage over lealehold rights of Ketandola Estate & Gulugahakanda Estate.
Further mortgage over future Tea receivables.
Tea Securitising Loan 18,852,544 19,424,611
Further Mortgage over leasehold rights of Lelwela Estate.
State Bank of India 250,000,000 Primary Mortgage over lealehold rights of Dunsinane Estate & Meddacombra Estate. Tea Securitising Loan 35,137,854 36,164,640
NDB 75,000,000 Securitising of future Tea Sales.
Tea Securitising Loan Securitising of future Tea Sales
NDB 115,000,000 Securitising of future Tea Sales.
Tea Securitising Loan Securitising of future Tea Sales
NDB 50,000,000 Securitising of future Tea Sales.
Tea Securitising Loan Securitising of future Tea Sales
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Elpitiya Plantations Plc Annual Report 2010/11