Shopper's Stop Limited - Securities and Exchange Board of India

SHOPPERS' STOP LIMITED
ANNEXURE - IV: SUMMARY STATEMENT OF PRINCIPAL TERMS OF LOANS AND ASSETS
CHARGED AS SECURITY
(Rupees in Millions)
As at 31 March
PARTICULARS 2004 2003 2002 2001 2000
A SECURED LOANS
Term loans
-From Banks
B
-From HDFC Ltd
Working Capital Demand Loans
Cash credit facilities- from
banks
UNSECURED LOANS
Commercial Paper with Banks
Interest free loans from CL
Raheja Group of Companies
-
-
301
Note "a"
189
-
298 284
Note "c" Note "c"
-
-
-
277 277
Note "e" Note
"e"
237 196
70 100 155
Note "b" Note "d" Note "d" Note "f" Note "f"
538
50
Note "g"
-
50
494
-
-
-
354
-
-
-
377
30 30
Note "h" Note "h"
Notes :
Working capital demand loans are secured by a pari passu charge on the current assets, both
A present and future exclusive lien on lease deposits and by hypothecation of movable fixed assets of
the company both present and future.
Secured by a paripasu charge against on all the movable properties of the Company, both present
b and future.
Represents a notional US dollar denominated loan equivalent to USD 5,804,312 at the exchange
c rate of USD 1= Rs. 48.24. The loan is repayable on October 31, 2006 at the exchange rate of USD
1 = Rs. 60. It is secured by (a) charge over the leasehold rights of commercial properties where the
Company's outlets are set up and charge on all deposits placed by the Company with the lessor/s,
licensor/s, conductors (b) a first charge on all the movable properties of the Company both present
and future ranking paripasu with ICICI Bank Limited; and (c) Charge over the brand name
'Shoppers' Stop' which includes all the rights, title and interest over the said trademark as also all
other rights that may be available under law.
D Secured by a pari passu charge with HDFC Ltd. on all the moveable properties of the company ,
both present and future.
Secured by (a) mortgage and first charge on all the company's immovable and movable properties,
E both present and future (b) mortgage of leasehold right of commercial properties, present and
future, including the lease deposit with lessor (c) charge on all current assets of the Company (d)
assignment of all insurance policies of the Company(except cash in transit) of all stores in favour of
ICICI (e) pesonal guarantees of two diurectors . The term loan carries an interest rate of 50 basis
points over the prime lending rate and is repayable in 14 equal instalments commencing June 30,
2002
Secured by a pari passu charge with ICICI as mentioned in (c)above . Further, the cash credit
f facility bears an interest rate of 100 basis points above the ICICI bank advance rate.
g Rs. 50.00 taken from UCO bank @5.85% per annum payable on 5 May 2004
h There are no stipulations as to repayment.
30
-
30
-
-
432
-
-
-