2011-12 - Diamines And Chemicals Limited

Nature of Securitiesi. Term loans from bank amounting to `68,040,875 (March 31, 2011: ` 68,596,811) aresecured by way of first charge over the entirefixed assets, both, present and future, whichare acquired out of bank finance, includingequitable mortgage over Land (Windmill) atNandurbar, Maharashtra.ii. Term loans from bank amounting to ` 7,328,144(March 31, 2011: ` 14,697,618 ) are securedby way of exclusive equitable mortgage of theLand and Windmill financed and exclusive firsthypothecation charge on the receivablesarising out of the operation of the windmill.Second equitable mortgage charge onremaining fixed assets of the Company, both,present and future, and second hypothecationcharge on all movable fixed assets of theCompany, both, present and future.iii. Vehicle loan amounting to ` 165,662 (March31, 2011: ` 369,690) are secured againsthypothecation of specified vehiclesiv. Vehicle loan amounting to ` 2,811,196 (March31, 2011: ` 35,133,450) are secured againsthypothecation of specified vehiclesv. Vehicle loan amounting to ` 1,965,576 (March31, 2011: ` 3,119,991) are secured againsthypothecation of specified vehiclesAs atAs atMarch 31, 2012 March 31, 2011` ` `4. Long-term borrowingsTerm Loans (Refer Note 4.1)SecuredFrom Banks 49,381,174 61,779,287From Other Party 737,117 1,998,46350,118,291 63,777,7504.1 Nature of Security and Terms of repayment of Long-term Borrowings (including Current maturitiesshown in Note 9)Term of repaymentOf this Term Loana. ` 10,132,700 (March 31, 2011: ` 17,400,366)is repayable in 24 equal quarterly instalmentsfrom August 30, 2006 alongwith the interest of15.15%b. ` 40,521,115 (March 31, 2011: ` 50,579,315)is repayable 24 in equal quarterly instalmentsfrom May 1, 2009 alongwith the interest of15.75%c. ` 17,387,060 (March 31, 2011: ` 617,130) isrepayable in 19 equal quarterly instalmentsfrom January 30, 2012 alongwith the interestof 15.15%Repayable in 24 quaterly instalments fromDecember 28, 2005 alongwith the interest of15.15%Repayable in 36 monthly instalments fromNovember 27, 2009 alongwith the interest of9.12%Repayable in 60 monthly instalments fromJune 26, 2010 alongwith the interest of 8.35%Repayable in 35 monthly instalments fromNovember 24, 2010 along with the interest of9.14%32