gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDthe contracts for the purchase or acquisition were entered into in the ordinary course of the business, and thecontracts were not entered into in contemplation of the Offer nor is the Offer contemplated in consequence of thecontracts; orthe amount of the purchase money is not material; or disclosure has been made earlier in this ProspectusExcept as stated in the section entitled “Related Party Transactions” on page 116 of this Prospectus, we have not purchasedany property in which any of our Promoters and Directors, have any direct or indirect interest in any payment made thereof.Our IndebtnessName of Type of Amount (Rs. Rate of Repayment SecurityBank Loan/ Facility In Lakhs Interest ScheduleCanara Bank CleanOverdraft 2550.00 11.25% p.a. - Equitable Mortgage of commercial and residential properties,(11.15 % machineries & equipments. Paripassu first charge on·monthly Stocks, Construction materials, book debts and receivables ofcompounding)company· Machinery and vehicles, not specifically charged/encumbered to any bankShort Term 1500.00 11.25% In 31 months -3Loan Equal Installment of Personal Guarantees of following Directors:·Rs 500 lakh in Smt T.Indira Reddy·27 th month (Oct’07), Sri. T.Sandeep Kumar Reddy·29 th month (Dec’07) Sri G.Siva Kumar Reddy·and 31 st month (Feb’08) Sri J Brij Mohan Reddy· Sri T Subbarami ReddyBank of Term Loan 1585.00 1% over 19 quarterly installments Demand Promissory Note·Baroda BPLR of Rs. 83.34 lakhs Hypothecation of machinery & vehicle purchased from thepresently (Last installment loan.11.50% Rs 83.18 lakhs) startingfrom 04.11.2004Overdraft 6500.00 BPLR +0.50% DP note executed by Company·(Presently Hypothecation of stocks, construction material, machinery,11.00% p.a.) vehicle, book debts on paripasu basisCash Credit 1000.00 BPLR + On Demand DP note executed by Company·0.50% Letter of BP undertaking·(presently Hypothecation of stocks, machinery,11.00%) vehicle, book debts etc.· Lodgment of supply billOther Securities:·Personal Guarantee of Smt T.Indira Reddy, Sri. T.Sandeep Kumar Reddy, Sri G.Siva Kumar Reddy, Sri J Brij Mohan Reddy,Sri T Subbarami Reddy and Smt G. Sullochanamma·Equitable mortgage of properties standing in the name of Sri T. Subbarami Reddy, Sri T.V.Sandeep Reddy,Smt. G.Sulochanamma and Sri. G.Shivakumar Reddy.Charge on stocks, Bookdebts and other current assets to cover all facilities ranking pari passu with other banks i.e. CanaraBank, Syndicate Bank and Corporation Bank.62