Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
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Sr.<br />
No.<br />
Name of Lender<br />
Facility<br />
(in million)<br />
Total amount<br />
outstanding<br />
(including<br />
accrued interest)<br />
as on March 31,<br />
2011<br />
(in million)<br />
Rate of Interest<br />
as on March<br />
31, 2011<br />
(per annum)<br />
Repayment<br />
Schedule<br />
Security Created<br />
lenders under Multiple<br />
Banking arrangement; and<br />
3. Personal guarantees of our<br />
Directors, Mr. Rudra Sen<br />
Sindhu, Mr. Ganesh<br />
Chandra Mrig, Mr.<br />
Kuldeep Singh Solanki and<br />
Mr. Vir Sen Sindhu.<br />
10. IndusInd Bank<br />
Limited<br />
` 250.00<br />
(also includes bank<br />
guarantee limits of `<br />
250.00 as a sub limit<br />
within the fund based<br />
working capital)<br />
` 11.13 Base Rate +<br />
4.50% i.e.<br />
13.25%<br />
For bank<br />
guarantee<br />
charges:<br />
Performance –<br />
0.125% per<br />
quarter or part<br />
thereof.<br />
Financial-<br />
0.1875% per<br />
quarter or part<br />
thereof.<br />
Repayment on<br />
demand and<br />
renewable yearly)<br />
1. First pari passu charge on<br />
current assets of our<br />
Company along with other<br />
working capital lenders;<br />
2. Collateral - Pari passu<br />
charge on security offered<br />
to other working capital<br />
lenders under multiple<br />
banking arrangement; and<br />
3. Personal guarantees of our<br />
Directors, Mr. Rudra Sen<br />
Sindhu, Mr. Ganesh<br />
Chandra Mrig, Mr.<br />
Kuldeep Singh Solanki and<br />
Mr. Vir Sen Sindhu.<br />
Bill discounting<br />
11. Standard Chartered<br />
Bank<br />
` 150.00 NIL Varies from<br />
10% - 12.50%<br />
based upon the<br />
date of invoice<br />
Repayable on<br />
demand and<br />
renewable yearly.<br />
1. First pari passu charge on<br />
current assets of our<br />
Company along with other<br />
working capital lenders.<br />
2. Collateral – Pari passu<br />
charge on security offered<br />
to other working capital<br />
lenders under multiple<br />
banking arrangement; and<br />
Equipment finance<br />
12. Standard Chartered<br />
Bank<br />
` 85.00 ` 0.47 10.50% Repayment by<br />
way of 35 equated<br />
monthly<br />
instalments.<br />
3. Personal guarantees of our<br />
Directors, Mr. Rudra Sen<br />
Sindhu, Mr. Ganesh<br />
Chandra Mrig, Mr.<br />
Kuldeep Singh Solanki and<br />
Mr. Vir Sen Sindhu.<br />
1. First and exclusive charge<br />
on assets financed by<br />
Standard Chartered Bank;<br />
and<br />
2. Post dated cheques for<br />
repayment of interest and<br />
principal.<br />
Non-Fund Based Limits<br />
275
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