gayatri projects limited - Edelweiss

Syndicate OSL (ST) 1500.00 PLR + 1% 3 Instalments of Exclusive charge on the fixed/current assets of theBank OSL 1000.00 (Presently Rs. 500 lakhs in specific NHAI project·12% p.a) December 2007, Collateral Security·PLR + 1% Feburary 2008 and In Existing UREM of Theatre Complex at Hyderabad·(Presently April 2008. Existing UREM of property at TSR complex, Hyderabad·12% p.a) 2 Instalments of Hypothecation of machinery & vehiclesRs. 5.00 crores each Personal Guaranteesof Smt. Indira Reddy, Sh. Brij Mohan Reddy,payable in October’ 07and January’ 08.Shri T.V.Sandeep Reddy, Shri. G. Sivakumar Reddy,Shri T. Subbarami Reddy, M/S Deep Enterprises and GayatriHotels and Theatre Pvt. Ltd.Term Loan 300.00 PTLR + 3% Quaterly Instalments of The machinery taken as security for DPG facility(By Rs. 17.41 Lakhs starting will be taken as securityconverting from January, 2003the existingDPG facility)SOD 100.00 PLR + 3% Charge on Stocks , Book Debts and other current assets toWorking 400.00 PLR + 3% cover all the facilities ranking paripassu with other banksCapitaland hypothecation of theatre complexDemandLoan1. Collateral Security of existing UREM of Theatre Complex at Hyderabad, existing UREM of property at TSR complex, Hyderabad andhypothecation of machinery & vehicles2. Personal Guarantees of Smt. Indira Reddy, Sh. Brij Mohan Reddy, Shri T.V.Sandeep Reddy, Shri. G. Sivakumar Reddy, Shri T. SubbaramiReddy, M/S Deep Enterprises and Gayatri Hotels and Theatre Pvt. Ltd.3. Joint mortgage of property at 6-3-1090, TSR Complex, Rajbhavan Road, Somajiguda with Canara Bank and Corporation bank.Corporation Overdraft 355.00 PLR + 3.00%Bank i.e 14.5%at presentTerm Loan 750.00 CBMTLR + Quaterly Installment of Paripassu floating charge on all the fixed assets3% i.e Rs. 37.50 Lakhs15.25%Collateral Security1. Exclusive first charge by way of Equitable Mortgage of the residential properties.2. Pari-passu charge on the Equitable mortgage of commercial complex, viz., TSR towers at somajiguda, Hyderabad on pari-passu basiswith Canara Bank and Syndicate Bank to the extent of Rs. 1100 lakhs. (This property is in the name of Deep Enterprises in which Sri.T Subbarami Reddy, Smt. T Indira Reddy and Sri Sandeep Kumar Reddy are partners, Value of the Property is Rs. 6757 lakhs. CanaraBank is presently holding this security and has ceded pari-passu charge of Rs. 1100 lakhs in favour of our Bank.)3. Hypothecation of all movable fixed assets of the company except specific assets charged for the DPG facilities / debentures on paripassu basis with other Banks viz., Syndicate Bank, Bank of Baroda and Canara Bank (Net Block Rs. 5981.28 Lakhs) and all currentassets of the Company.Guarantors1. Personal Guarantee of the directors of the company viz., Smt. T Indira Reddy, Mr. T Subbarami Reddy, Sri J Brij Mohan Reddy Sri TV Sandeep Kumar Reddy and Sri G Siva Kumar Reddy.2. Third Party guarantee of Sri T Subbarami Reddy63