Annexure XIV Continued… - Edelweiss

FINANCIAL INDEBTEDNESS
Set forth below is a brief summary of our Company’s secured borrowings (together with a brief description of
certain terms of such financing arrangements) which comprise fund based limits aggregating to ` 10,718.76
million and non-fund based limits aggregating to ` 1,714.03, as of March 31, 2011. As of March 31, 2011, our
Company has not availed of any unsecured loans.
Fund Based Limits
Sr.
No.
Term Loans
Name of Lender
Facility
(in million)
Total amount
outstanding
(including
accrued interest)
as on March 31,
2011
(in million)
Rate of Interest
as on March
31, 2011
(per annum)
1. Syndicate Bank ` 650.00 ` 251.11 Syndicate Bank
PLR - 2.50% i.e.
11.25%
2. YES Bank Limited ` 600.00 ` 60.71 YES Bank
Limited PLR –
3.60% i.e.
14.90%
3. a) Axis Bank
Limited;
Repayment
Schedule
In 84 monthly
instalments as per
the sanction letter
with effect from
December 31,
2006.
In 12 equal
quarterly
instalments after
six months
moratorium with
effect from March
2009.
` 810.00 ` 599.89 35 quarterly
instalments to
b) Bank of India; ` 750.00 ` 555.54
each bank with
effect from
September 30,
2011 in
accordance with
c) Central Bank of
` 700.00 ` 519.24
the common rupee
India;
loan agreement in
relation to this
facility.
d) Corporation Bank; ` 750.00 ` 556.12
Security Created
1. Hypothecation by way of
first charge on fixed assets
of the 30 MW Thermal
Power Project at
Chakabura, Chhattisgarh;
2. Further, secured by way of
personal guarantees of our
Directors namely Mr.
Rudra Sen Sindhu, Mr.
Ganesh Chandra Mrig, Mr.
Kuldeep Singh Solanki, Mr.
Vir Sen Sindhu and Mr.
Vrit Pal Sindhu, and certain
relatives of our Directors,
namely, Mr. Ajay Mrig and
Mr. Satya Pal Sindhu.
1. Exclusive charge on land,
building, and plant &
machinery of our
Subsidiary, Aryan Clean
Coal Technologies Private
Limited; and
2. Personal guarantees of our
Directors, Mr. Rudra Sen
Sindhu and Mr. Kuldeep
Singh Solanki.
1. All the plant and machinery
in relation to the 270 MW
thermal power project at
Village Kasaipali, both
tangible and intangible,
including its rights, title,
interest and benefit in all
tangible and intangible
assets (both present and
future);
2. Equitable mortgage on
immoveable property of
our Company situated at
Village Jawali (17.08
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