DRIVIN G ROWTH - Dr. Reddy's

schedules to the balance sheet |
(All amounts in Indian Rupees thousands, except share data)
As at As at
March 31, 2002 March 31, 2001
schedule 3: secured loans
Debentures
a) 17.30% secured, redeemable, non-convertible
debentures of Rs. 100 each, fully paid-up
b) 16.25% secured, redeemable, non-convertible
– 200,000
debentures of Rs. 100 each, fully paid-up
Loans from banks
– 100,000
Cash credit and packing credit (Note 1) 5,669 1,218,747
External Commercial Borrowing-HSBC – 112,390
Term loans from Financial Institutions – 788,032
Loan from Indian Renewable Energy Development Agency Limited (Note 2) 47,345 42,598
53,014 2,461,767
NOTES:
1. The Company has working capital facilities with a consortium of bankers and has created a charge, on a pari-passu basis, by
hypothecation of the whole of the current assets, both present and future, and a first charge on immovable properties, pertaining
to certain factories of the Company.
2. Loan from Indian Renewable Energy Development Agency Limited is secured by way of hypothecation of specific movable assets
pertaining to the Solar Grid Interactive Power plant.
(All amounts in Indian Rupees thousands, except share data)
As at As at
March 31, 2002 March 31, 2001
schedule 4: unsecured loans
Fixed deposits
Short term loans from banks
– 54
Rupee loan – 590,000
Foreign currency loan – 403,049
Overdrafts
Commercial paper (maximum outstanding at any time during the year: Rs. 100,000;
– 122,815
previous year: Rs. 260,000) – 100,000
Sales tax deferment loan from the Government of Andhra Pradesh (interest free) 85,186 76,745
85,186 1,292,663
DR. REDDY’S LABORATORIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
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