SRS Limited (RHP) - Karvy

SRS LimitedSecurity Clause for Secured Loans are given as under:1 Rupee Term Loan from Banks (on consortium basis comprising of State Bank of India (Lead Banker), StateBank of Bikaner & Jaipur, State Bank of Patiala, State Bank of Travancore and Union Bank of India)amounting to Rs. 390.23 millions is secured against first pari pasu charge on all the fixed assets of theCompany, including Equitable Mortgage of land and building at site no 4, City Center, Sector-12 andMultiplex-cum Shopping Mall constructed thereon in the name of the Company and further secured by firstpari pasu charge on (a) 8 acres of land at Prithla in the name of SPS Buildcon Ltd. (b) 6.84 acres of land atPrithla in the name of SRS Retreat Services Ltd. (c) Extention of charge on current assets. The Facility isfurther secured by personal guarantee by Directors and corporate guarantee of SPS Buildcon Ltd., SRS RetreatServices Ltd., BTL Industries Ltd., BTL Portfolio Ltd., SRS International Ltd., SRS Professional ServicesLtd., and SRS IT Solutions Pvt. Ltd.2 Rupee Term Loan from ICICI Bank for Jasola Property amounting to Rs. 12.68 millions is secured againstEquitable mortgage on Jasola Property of the Compnay and Personal guarantee of relative of Directors andcorporate guarantee of SRS Finance Ltd.3 Rupee Term Loan (Corporate Loan) from Bank of Baroda amounting to Rs. 120.00 millions is secured againstEquitable mortgage of Land measuring 66 Kanal situated on Sector-8, Palwal in the name of SRS Real EstateLimited and Personal guarentee of Director and Corporate guarentee of SRS Real Estate Limited.4 Rupee Term Loan from various Banks amouting to Rs. 10.85 millions and from Others amounting to Rs. 0.59millions against Equipments/Vehicles is secured against hypothecation of specified equipments/vehicles of theCompnay.5 Gold Loan (Metal) from The Bank of Nova Scotia amounting to Rs. 875.99 millions is secured against Letterof Credit and FDR.6 Cash Credit facility from Banks (on consortium basis comprising of State Bank of India (Lead Banker),Oriental Bank of Commerce, State Bank of Patiala, State Bank of Travancore and Bank of India) securedagainst hypothecation of stocks & book debts and equitable mortgage of specific properties and Personalguarantee of directors and Corporate guarantee of SPS Buildcon Ltd., SRS Retreat Services Ltd., BTLIndustries Ltd., BTL Portfolio Ltd., SRS International Ltd., SRS Professional Services Ltd., and SRS ITSolutions Pvt. Ltd.Annexure–XSTATEMENT OF STANDALONE UNSECURED LOANS, AS RESTATED(Rs. in Millions)Particulars As at March 31,2011 2010 2009 2008 2007From Directors - - - - -From Group Company - - - - 0.74Zero % Fully Convertible Debentures - - 75.00 - -Inter Corporate Deposits 2.50 12.40 26.04 17.91 9.63Total 2.50 12.40 101.04 17.01 10.37Terms and Conditions of Unsecured Loans outstanding as on March 31, 2011:ParticularsLoan o/s(Rs. inMillions.)Rate ofIntt.(PA)Repayment ScheduleInter Corporate Deposits 2.50 18% Payable on Demand265