Annexure XIV Continued… - Edelweiss

Sr.
No.
Bank Guarantees
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. Indian Overseas Bank ` 200.00 ` 176.65 25% of
applicable
commission
(Applicable
commission is
for financial
guarantee –
0.75% per
quarter and for
performance
guarantee –
0.5% per
quarter)
Repayment
Schedule
Repayable on
demand and
renewable yearly.
Security Created
1. 10% cash margin; and
2. First pari passu charge on
current assets of our
Company along with other
Working Capital Lenders.
Collateral:
3. House property situated at
1509 DLF Phase III,
Gurgaon;
4. Equitable mortgage of
residential land property at
Plot No.953, Sector 31-
32A, Gurgaon;
5. Land and building, plant
and machinery owned by
our Company situated at
Village Panderpauni Tehsil
Rajpura, District
Chanderpur, Maharashtra;
6. Equitable mortgage of
property situated at Flat
No. 18, I & II Floor, and
Flat no. 3, Ground Floor
Basant Enclave, N. Delhi;
7. Personal guarantees of our
Directors, Mr. Rudra Sen
Sindhu, Mr. Ganesh
Chandra Mrig, Mr.
Kuldeep Singh Solanki and
Mr. Vir Sen Sindhu; and
8. Counter guarantee of our
Company.
2. Standard Chartered
Bank
` 580.00
` 284.06 Commission-
0.75% per
annum (plus
applicable
Service Tax
payable
monthly
(both
performance
and financial)
Repayable on
demand and
renewable yearly.
1. 10% cash margin; and
2. First pari passu charge on
current assets of our
Company along with other
Working Capital Lenders.
Collateral:
3. House property situated at
1509 DLF Phase III,
Gurgaon;
4. Equitable mortgage of
residential land property at
276