annual report - Jindal Group of Companies

SCHEDULE : 3 - SECURED LOANSAs AtAs At31.03.2011 31.03.2010Rs.Rs.From BanksLong TermTerm Loans-Foreign Currency - 95,167,901-Rupee - 15,000,000Other Loans - 5,365,515Working Capital LoanCash Credit from Banks 26,789,311 74,885,626From OthersOther Loans - 116,16426,789,311 190,535,206Notes:1. Long Term Loans includei) Foreign Currency Term Loan from Standard Chartered Bank securedby first charge over respective present and future fixed assets &receivables of the Company Rs. NIL (previous year Rs.95,167,901/-)ii) Rupee Term Loan from Standard Chartered Bank secured by first chargeover respective present and future fixed assets & receivables of theCompany Rs. NIL (previous year Rs. 15,000,000/-)2. Other loans represent vehicle loans taken from Axis Bank Limited andKotak Mahindra Prime Ltd, secured by hypothecation of respective vehiclesby loan of specific charge Rs. NIL (previous year Rs.54,81,679/-)3. Working capital loans are secured by hypothecation of inventories, bookdebts and all other current assets, and first charge on fixed assets (excludingspecific charge), ranking pari-passu amongst working capital lendingBanks.4. Long Term Loan amount repayable within one year Rs. NIL (Previous yearRs.112,166,723/-)36