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10. SHORT-TERM BORROWINGS
Particulars Company and
its subsidiaries
As at
31 March, 2012
HT Media Limited
(` in lacs)
Joint Venture Total Total
As at
31 March, 2012
As at
31 March, 2012
As at
31 March, 2011
Secured
Overdraft facility from Deutsche Bank - - - 5,607.37
Buyer's credit from BNP Paribas 3,798.35 - 3,798.35 7,773.87
Buyer's credit from Royal Bank of Scotland 4,197.93 - 4,197.93 -
Cash Credit Facility from HDFC Bank 1,857.37 - 1,857.37 1,182.76
Buyer's Credit from HDFC Bank 2,631.72 - 2,631.72 2,052.22
Unsecured
12,485.37 - 12,485.37 16,616.22
Buyer's credit from HDFC Bank - - - 690.41
Buyer's credit from Citi Bank 7,492.63 - 7,492.63 1,436.21
Buyer's credit from Deutsche Bank 4,144.47 - 4,144.47 709.55
Cash credit from Deutsche Bank 3,367.00 - 3,367.00 -
Short Term Loan from Mehul Investment 11.00 - 11.00 -
15,015.10 - 15,015.10 2,836.17
TOTAL 27,500.47 - 27,500.47 19,452.39
1. Overdraft facility from Deutsche Bank is secured by way of pledge on the HT Media Limited’s investment in the Mutual
Fund Units of FMPs (Kotak FMP Series 58, L&T FMP IV, Tata FMP 38A, BSL FMP Series DP, HDFC FMP 24M Sep,
ICICI Prudential FMP Series 58, Reliance FMP XIX Series 20, Reliance FMP XX Series 31, IDFC FMP 2yS1, Reliance FMP
XX Series 32, Reliance FMP XX Series 33, Tata FMP 38B, ICICI Pru FMP Series 57, IDFC FMP 3ys5, DWS FMP Series
91, Kotak FMP Series 55)
2. Buyer’s credit from BNP Paribas is secured by way of first pari passu charge over all moveable assets such as raw materials,
stock-in-process, finished goods lying at various factories, godowns, warehouses, etc, wherever situated or in transit, both
present or future and book debts of the HT Media Limited and all book debts, outstanding moneys, receivables, claims,
bills which are due and which may at any time during the continuance of this security become due by any person, firm,
company or body corporate.
3. Buyer’s credit from Royal Bank of Scotland is secured by way of first pari-passu charge over current asstes with other banks
in multiple banking arrangements of the HT Media Limited.
4. Cash Credit from HDFC Bank is taken by a subisdiary namely HT Burda Media Limited and is secured by way of first
charge on all current assets, present and future,of the HT Burda Media Limited. This Cash Credit is repayable on demand
and carries interest rate 9.00% to 12.75%. The Overdraft limit is further secured by Comfort Letter given by HT Media
Limted (Parent Company).
5. Buyer’s credit from HDFC is secured by way of first charge to the bank on all the stock in trade both present and future
consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise and all book debts,
outstanding monies receivable, claims and bills both present and future which are now due and owing or which may at any
time hereafter during the continuance of this security becomes due and owing to the Hindustan Media Ventures Limited.
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