Page 151 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements

NOTE 20 - BORROWINGS : NON-CURRENT (H in Lakhs)
Non-Current Current
Particulars As at As at As at As at
March 31, 2020 March 31, 2019 March 31, 2020 March 31, 2019
Carried at amortised cost
Secured
- Loans
from banks 18,292 23,031 15,752 21,120
from financial institution 2,355 370 1,343 1,087
- Vehicle Loans
from banks 127 12 89 70
from financial institution 45 28 49 41
20,819 23,441 17,233 22,318
Amount disclosed under other current financial - - (17,233) (22,318)
liabilities (Refer Note 23)
Total 20,819 23,441 - -

Notes:
(i) Term Loan from Banks are secured by :
Mortgage of all rights, interest and title of the borrower, mortgage of current & future receivables in respect of selected projects. Loan will
be repayable in 10-30 equal monthly/quarterly instalments starting from the end of principal moratorium.
Rate of Interest : The Rate of Loans are between 10 % to 14%.
(ii) Term Loan from financial institutions :
Secured by:
1) An exclusive charge by way of registered mortgage on all the rights, interest and title of borrower, in the respective project.

2) An exclusive charge on respective project land, all buildings, Structures and residential property.
3) Lien on unsold units of the project.
4) An exclusive charge by way of hypothecation of scheduled current & future receivables of the respective projects.
Repayment Terms : Loan will be repayable in 10-48 equal monthly instalments starting from the end of principal moratorium.
Rate of Interest: 10 to 14%

(iii) Vehicle Loans :
Security : Vehicle Loans are secured by the underlying assets for which loans are obtained.
Rate of Interest : The Rate of Loans are between 6.50 % to 10%.

NOTE 21 - OTHER FINANCIAL LIABILITIES : NON-CURRENT (H in Lakhs)
As at As at
Particulars
March 31, 2020 March 31, 2019
Carried at amortised Cost
(a) Financial guarantee contracts 67 100
Total 67 100

Annual Report 2019-20 | 149