APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
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FINANCIAL INDEBTEDNESS<br />
The financial indebtedness of our Company as on February 28, 2011is as under:<br />
(` Lakhs)<br />
Bank Name Facility Limit Outstanding as<br />
on 28.02.2011<br />
Rate of Int./Commission<br />
(p.a)<br />
Karnataka Bank Ltd Overdraft 2750.00 846.90 13.50%<br />
Bank Guarantee 12750.00 10158.00 1.25%<br />
ICICI Bank Ltd Cash Credit 750.00 756.22 12.00%<br />
Bank Guarantee 4250.00 2565.00 Commission for EMD<br />
guarantee is 0.70%; plus<br />
Handling charges of<br />
0.30%<br />
State Bank of India Cash Credit 3000.00 3496.46 13.15%<br />
Bank Guarantee 6000.00 556.00 1.655%<br />
Punjab National<br />
Bank<br />
Cash Credit 1000.00 75.00 13.50%<br />
Bank Guarantee 3300.00 NIL 1.20% plus ST for<br />
performanceguarantee and<br />
1.80% plus ST for<br />
financial guarantees<br />
I. Primary Securityto Karnataka Bank Ltd<br />
1 Banks - OD/CC<br />
facility<br />
Hypothecation of Stock/WIP/contract receivables on pari passu basis with ICICI Bank<br />
<strong>Limited</strong> and SBI<br />
Collateral security for OD / CC limits To Karnataka Bank Ltd<br />
1 G-3,G-4 of Pavani Plaza, Panjagutta, Hyd - in the name of Mr. Adala Prabhakara Reddy<br />
2 G-5,G-6 of Pavani Plaza, Panjagutta, Hyd - in the name of Mrs. Adala Vindhyavali<br />
3 G-7,G-8 of Pavani Plaza, Panjagutta, Hyd - in the name of Mrs. P. Himabindu<br />
4 EM of land property - Plot No. 42,43 at Ramamurthy nagar, Nellore, 876 Sq. yards with 2 storied building belonging<br />
to Mrs. Adala Vindhyavali<br />
5 EM of landed property Plot No. 1 - at Benniganahalli Village, KR Puram, Hubli, Bangalore - 4487.25 sft ,<br />
commercial building with 8 floors - 34,400 sq ft. belonging to Mr. Adala Prabhakara Reddy<br />
6 EM plots bearing no. 1058 at JH coop Housing Society, Hyd - 1250 sq. yards belonging to Mrs. A. Himabindu<br />
7 Vacant commercial site No. 2, D-1, Gangadhara chetty Road, Bangalore -21,000 sq. ft. belonging to Company<br />
8 Co-obligation /<br />
guarantee<br />
II.<br />
a<br />
State Bank of India:<br />
Primary Security:<br />
Collateral Security<br />
a)Mrs. Adala Vindhyavali<br />
b) Mr. Pulagam Harikrishna<br />
c)Dr. Pellakuru Chandra Kiran Reddy<br />
d) Mr. Gunapati Murali Krishna Reddy<br />
e) Mr. Adala Prabhakara Reddy and<br />
f) Mrs. P Himabindu<br />
Hypothecation of stocks, receivables and other chargeable current assets of the company,<br />
ranking pari-passu, with Karnataka Bank Ltd and ICICI Bank ltd<br />
Equitable Mortgage of five properties belonging to company and associate concern(as<br />
detailed below)<br />
Residential plots Nos 1,2,3 in survey no 311/E, 315/E, & 316/E, located in Nallagandla village, Serilingampally<br />
mandal, RR Dist belonging to M/s. Sreenivasa Associates (Project Works) Ltd, admeasuring 1983.85 S.Y.<br />
(Document No.1794/08)<br />
180
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