RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

Prepayment
Charges:
2% of the Prepaid
Amount.
years)
M/s Chand
Bagh
Investments
Ltd.
DETAILS OF THE ABOVE CASH CREDIT FACILITIES ARE AS UNDER:
Working
Capital
State Bank
of India
Rs. 2000
lakhs
Interest Moratorium Prime/Collateral security Guarantees
SBAR i.e.,
currently
11.75%
p.a. at
monthly
rests.
- Primary:
First charge by way of
Hypothecation on entire current
assets of the Company.
Collateral:
Extension of charges on all fixed
assets of the Company.
Personal
Guarantees
1. Mr. Madhav
Kumar
Swarup
2. Mr. Ajay
Kumar
Swarup
Corporate
Guarantees
M/s Chand
Bagh
Investments
Ltd.
On 24th July 2006, the Cash Credit limit sanctioned by SBI was Rs. 400 lakhs, but later on vide
their letter no. IFB/CREDIT/2007-08/485 dated 21st July 2007 the same facility was enhanced
to Rs.800 lakhs. State Bank of India has further enhanced the Cash Credit facilities to Rs.1600
lakhs vide their letter no. IFB/CREDIT/2008-09/40 dated May 22, 2008. Again on 29.07.2009
State Bank of India has further enhanced the Cash Credit facilities to Rs. 2000 lakhs vide its
letter no. IFB/CREDIT/2009-10/90.
DETAILS OF THE NON-FUND BASED FACILITIES ARE AS UNDER:
Limit Purpose Margin Security Period
Bank
Guarantee
(Domestic)
Rs. 50 lakhs
renewed vide
SBI’s letter no.
IFB/CREDIT/2009-
10/90 dated July
29, 2009.
For issuance of Sales
Tax/Excise/Customs/Security
Deposit and for any other
bonafide business purpose.
15% (However, 100%
cash margin in case of
guarantees covering
disputed liabilities)
Same as in Cash
Credit Facility.
18 months
Letters of Credit
(WC-
Inland/Import)
For purchase of Raw
Materials, Consumables,
Stores etc.
15% Same As in Cash
Credit Facility.
Usance:
Maximum – 90
Days
Rs. 150 lakhs
renewed vide
SBI’s letter no.
IFB/CREDIT/2009-
10/90 dated July
29, 2009
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