Download latest annual report - HT Media

Particulars As at 31 March,
2012
HT Media Limited
(` in lacs)
As at 31 March,
2011
j) Minority Interest in Non - Equity of HTLCL
Share of (Loss) brought forward - -
Share of (Loss) of the current year (174.27) -
Minority Interest on account of consolidation of HTLCL (119.08) -
36.65 -
Minority Interest in Equity of Subsidiaries 7,217.09 6,884.09
Minority Interest in Non - Equity of Subsidiaries
- Share of Profit / (Loss) brought forward 460.59 (1,873.68)
- Share of Profit / (Loss) of the current year 603.86 490.73
Dividend paid to Minority Shareholders (169.21)
Adjustment related to demerger of the Radio Division into the Company in an earlier
year
- 1,532.90
Minority Interest in dividend tax on dividend proposed by Hindustan Media Ventures
Limited
(32.94) (27.45)
Adjustment on account of shares issued to Minority Shareholders of Hindustan Media
Venture Limited during the previous year
- 338.09
Minority Interest on account of consolidation of HTLCL (Also refer note 44)
Share of other Reserves and Surplus
(119.08) -
- Share Premium 5,588.33 5,588.33
- Capital Reserve 54.87 54.87
13,603.51 12,987.88
6. LONG-TERM BORROWINGS
Particulars Company and
its subsidiaries
As at
31 March, 2012
Secured Loan
(` in lacs)
Joint Venture Total Total
As at
31 March, 2012
As at
31 March, 2012
As at
31 March, 2011
Term Loan from HDFC Bank 1,875.00 - 1,875.00 3,375.00
External Commercial Borrowing from Standard
Chartered Bank
5,245.89 - 5,245.89 6,897.51
TOTAL 7,120.89 - 7,120.89 10,272.51
1. Term loan from HDFC Bank carries interest @ PLR minus 7.75% p.a. (Rate of Interest was linked to PLR for the first 2
years from the date of first drawdown. Thereafter, the interest is reset by the bank on annual basis). The loan is repayable in
20 quarterly installments of `375.00 lacs each along with interest, from the date of disbursement, on 08th June, 2009 and
19th June, 2009. The loan is secured by first pari passu charge on all movable fixed assets of the HT Media Limited along
with Term Lenders (except assets financed out of the ECB from Standard Chartered Bank) and first pari passu charge by
way of equitable mortgage of immovable properties belonging to the HT Media Limited situated at Greater Noida (Plot
No. 8, Udyog Vihar, Greater Noida, Gautam Budh Nagar, 201306). The loan is further secured by equitable mortgage by
deposit of title deeds of immovable properties situated at Noida (B-02, Sector 63, Noida 201307) and Mohali (C-164/165
Phase VIII-B Industrial Focal Point, Mohali 160059). The loan is also secured by second charge on the current assets of the
HT Media Limited.
2. External Commercial borrowing from Standard Chartered Bank carries interest @ 6 months USD Libor + 1.20% spread
p.a. payable semi annually.The loan is repayable in 3 annual installments of USD 5,155,670 each , after 4 years from the
date of first drawdown, viz., 8 April, 2008 i.e. at the end of 4th,5th and 6th year. The total tenor of the loan shall not exceed
6 years from date of first drawdown The loan is secured by way of first and specific charge over certain movable plant and
machinery of the HT Media Limited, i.e:
- One Man Roland Off-Set Rotation Printing Press type - Regioman - 2009,
- Muller Martini Martini Mail Room System - 2009 stored or to be stored at HT Media Limited godowns or premises or
wherever else the same may be.
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