Particulars <strong>Pipavav</strong> Defence and Offshore Engineering Company Limited Schedules forming part of the Consolidated Balance Sheet Schedule - 1 SHARE CAPITAL Authorised 800,000,000 (Previous Year: 800,000,000) Equity shares of Rs. 10/- each Rs in Lacs As at As at March 31, 20<strong>11</strong> March 31, <strong>2010</strong> 80,000.00 80,000.00 80,000.00 80,000.00 Issued, Subscribed and Paid Up 665,798,388 (Previous Year: 665,798,388) Equity Shares of Rs. 10/- each fully paid up 66,579.84 66,579.84 Total Note: 25,400,000 Equity shares of Rs. 10/- each fully paid up will be alloted to the holders of 10% Compulsorily and Mandatorily Convertible Debentures on the conversion of these debentures and 25,221,612 Equity shares of Rs. 10/- each fully paid up will be alloted on the exercise of the option by the equity share warrant holders. Schedule - 2 RESERVES AND SURPLUS Securities Premium Account 66,579.84 66,579.84 Balance as per Last Balance Sheet 103,650.01 67,448.02 Add :- On Issue of Shares - 41,321.57 Less :- Securities Issue Expenses 1,148.45 5,<strong>11</strong>9.58 102,501.56 103,650.01 Total Schedule - 3 SECURED LOANS Term Loans 102,501.56 103,650.01 - from Banks 69,017.01 57,035.09 - from Financial Institutions 39,220.82 40,782.25 108,237.83 97,817.34 Short Term Loans - from Banks 42,650.00 9,500.00 - from Financial Institutions - 5,500.00 42,650.00 15,000.00 Vehicle Loans 81.17 47.85 Interest Accrued and Due - 242.40 Total 150,969.00 <strong>11</strong>3,107.59 1) The term loan from Banks and Financial Institutions referred to above are secured by way of first charge and mortgage on all the immovable properties of the Company, both present and future and hypothecation of all movable properties of the Company, both present and future, except book debts and stocks which are subject to the prior charge to secure working capital requirements. 2) Short Term Loans from Banks referred to above includes: a) Rs. 10,000 lacs secured by way of subservient charge on current assets of the company, b) Rs. 20,000 lacs secured by way of subservient charges on Fixed assets of the Company , c) Rs. 5,000 lacs secured by way of first charge on the current assets of the company and second charge on Fixed Assets of the company. d) Rs. 7,650 lacs secured against FDR's pledged by the Company. 3) All term loans and short term loans of Rs. 25,000 lacs are guaranteed by a promoter group company. 4) Term Loans of Rs. 79,773.49 lacs and short term loans of Rs. 35,000 lacs are guaranteed by some of the directors in their ������������ personal capacity. 5) Vehicle Loans are secured by Hypothecation of the specific vehicles financed. 84
Schedules forming part of the Consolidated Balance Sheet <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>-<strong>11</strong> Particulars Schedule - 4 UNSECURED LOANS Debentures As at March 31, 20<strong>11</strong> Rs in Lacs As at March 31, <strong>2010</strong> 25,400,000 (Previous Year: NIL) 10% Compulsorily and Mandatorily Convertible Debentures of Rs. 70/- each Short Term :- 17,780.00 - From Banks 33,326.18* 19,883.95* Total 51,106.18 19,883.95 * Includes Rs. 31,9<strong>11</strong>.00 lacs (Previous Year: Rs. 8,851.80 lacs) for operations and Rs. 1,415.18 lacs (Previous Year: Rs.1,032.15 lacs) relating to discounting of letter of credits / buyers credit for the project. Note: Each Compulsorily and Mandatorily Convertible Debenture will be converted into one fully paid up Equity share of the company of Rs. 10/- each on completion of one year from the date of allotment i.e. May 19, <strong>2010</strong>. ������������85
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