2009-10 Annual Report - SPML

SPML INFRA LIMITEDSPML INFRA LIMITED (formerly Subhash Projects and Marketing Limited)SCHEDULES FORMING PART OF THE BALANCE SHEET31st March 2010(Rs in ‘000)31st March 2009(Rs in ‘000)SCHEDULE 3 : SECURED LOANSA) TERM LOANS(i) From Rural Electrification Corporation Limited – 89,968(Secured by way of hypothecation of 11 Nos. Wind Electric Generating Sets of 4.51 MW capacitywith accessories and personal guarantees of three Promoter Directors of the Company)Interest Accrued & due on above – 79,820(ii) From Scheduled Banks 178,546 202,197(Rs 157,673 thousands (Rs.181,276 thousands) secured against hypothecation of constructionequipments purchased against such loans and personal guarantee of three promoter directors of theCompany. Of the above, Rs 67,500 Thousands (Rs.59,900 thousands) are falling due for paymentwithin one year- Rs 20,873 thousands (Rs.20,921 thousands) secured by exclusive charge over movable fixedassets and current assets (including receivables) of the car parking project being implemented by thecompany in Sector 17, Chandigarh and further secured by Second Pari passu charges over currentassets and movable fixed assets of the company.Interest Accrued & due on above 1,690 2,063(iii) Deferred Payment CreditsFrom Banks 35,429 41,869From Others 9,612 54,788(Secured against hypothecation of Vehicles / Construction equipments purchased against such loans.Of the above, Rs 27,948 thousands (Rs 58,426 thousands) are falling due for payment within oneyear)(iv) Others (Short Term)From Banks 236,379 150,000(Secured by hypothecation of stock and book debts of the Company and also by hypothecation ofplant and machinery, furniture & fixtures & office equipments. These loans are additionally securedby the guarantees of three promoter directors of the Company and corporate guarantee of SPMEngineers Ltd.)461,656 620,705B) OTHER LOANS(i) From Banks on Cash Credit Account(Secured by hypothecation of stock and book debts of the Company and also by hypothecation of 2,131,492 2,285,860plant and machinery, furniture & fixtures & office equipments. These loans are additionally securedby the guarantees of three promoter directors of the Company and corporate guarantee of SPMEngineers Ltd.)2,131,492 2,285,8602,593,148 2,906,565SCHEDULE 4 : UNSECURED LOANS(i) From Banks (Short Term) 304,733 937,128(Secured by the personal guarantee of three Promoter Directors of the Company)Interest Accrued & Due on above 663 –(ii) From Bodies Corporate (Short Term) 1,011,198 206,208Interest Accrued & Due on above 575 3,6581,317,169 1,146,99434