Annual Report - Brandhouse Retails

Particulars
BRANDHOUSE
R E T A I L S
NOTE :6 SHORT-TERM BORROwiNgS
8 TH ANNUAL REPORT 2011-12
72
As at
31 st March 2012
(` in Lacs)
As at
31st March 2011
Secured Loan
Loans Repayable on demand
From Banks 11,342.30 10,930.50
From others - (Vehicle Loans) - 13.59
TOTAL 11,342.30 10,944.09
a) Loans from banks (Working Capital facilities repayment on demand) are secured by hypothecation of :
i. Principal Security First pari-passu - present and future Current Asset of the Company.
ii. Second pari-passu – present and future Movable and Non-Movable Fixed Asset of the Company.
iii. Personal Guarantee of Chairman & Managing Director
iv. Corporate Guarantee given by S.Kumars Nationwide Limited.
v. Secured against corporate gurantee given by parent company and Anjaneya Holding Private Limited and the
personal gurantee of Mr. Nitin Kasliwal Chairman & Managing Director.
The above Loans from banks (Working Capital Facilities) carries interest @ 15% to 16%.
b ) Loans from others (Vehicle Loans) is secured by hypothecation of the vehicles financed.
Consolidated Notes to Financial Statements
NOTE :7 TRAdE PAYABLES
Total Outstanding due of Micro, Small and Medium Enterprices* - -
Others 20,340.13 21,049.75
TOTAL 20,340.13 21,049.75
*There is no dues payable to Micro, Small and Medium Enterprises for more than 45 days, and hence there is no need for
provision of interest in the current year. The same is based on the information available with the Company and relied upon
by the Auditors.
NOTE :8 OTHER CURRENT LiABiLiTiES
Current Maturities of long-term borrowings (Secured Non Convertible
Debenture) (Refer Note 8A)
6,545.00 6,545.00
Interest accrued and due on NCD (Refer Note 8B) 267.12 -
Interest accrued but note due on NCD 472.97 488.10
Current maturities of a long term borrowing (Refer note- 4) 300.00 -
Book Overdraft with Banks 47.29 6.58
Statutory Dues Payable 222.29 112.97
Creditors for Capital Goods & other contractual obligation 13.56 16.01
Credits Balance of Trade Receivable 1.98 3.52
Amount Payable to Employees 228.62 118.18
Other Payables 75.74 56.62
TOTAL 8,174.57 7,346.98