Page 156 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements

NOTE 32 - PARTICULARS OF LOANS GIVEN/GUARANTEES GIVEN, AS REQUIRED BY CLAUSE (4) OF SECTION
186 OF THE ACT
Amount H In Lakhs
Rate of
Name of the party Nature As at As at Period Interest Purposes
March 31, 2020 March 31, 2019
General
Kolte-Patil Redevelopment Private Loan 514 407 Repayable 11% corporate
Limited on Demand
loan
General
Repayable
PNP Agrotech Private Limited Loan 555 482 11% corporate
on Demand
loan
General
Repayable
Kolte-Patil Real Estate Private Limited Loan 1,079 4,870 11% corporate
on Demand
loan
General
Repayable
Anisha Lifespaces Private Limited Loan 65 5 12% corporate
on Demand
loan
Total 2,213 5,764
Working
Kolte-Patil I-Ven Townships (Pune) Corporate 20,000 2,000 Not Not Capital
Limited Guarantee Applicable Applicable
Facility
Total 20,000 20,000

NOTE 33 - CONTINGENT LIABILITIES (TO THE EXTENT NOT PROVIDED FOR) (H in Lakhs)

As at As at
Particulars
March 31, 2020 March 31, 2019
(1) Claims against the Company not acknowledged as debt *
(a) Claims not acknowledged as debts represent cases filed in Civil Court and High Court. 4,254 2,853
(b) Claims in respect of Income Tax matters (pending in Appeal). 804 381
(2) Corporate guarantees given issued by the Company on behalf of Subsidiaries** (Refer 20,000 20,000
Note 32)
Total 25,058 23,234
*In the opinion of the management the above claims are not sustainable and the Company does not expect any outflow of economic
resources in respect of above claims and therefore no provision is made in respect thereof.
**The Company does not expect any outflow of resources in respect of the Guarantees issued.

NOTE 34 - AUDITORS REMUNERATION (NET OF GST) TOWARDS (H in Lakhs)
Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Statutory audit fees 56 57
Tax matters - -
Other attest services 12 31
Re-imbursement of out-of-pocket expenses 2 2
Total 70 90

154 | Kolte-Patil Developers Limited