Page 209 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

Number of Number of
Amount as on
Amount as on
Name of Preference Share Holders Preference Shares as March 31, 2020 Preference Shares as March 31, 2019
at March 31,2020 at March 31,2019
Manish Doshi 183,037 293 183,037 293
Vandana Doshi 183,037 293 183,037 293
Total 366,074 586 366,074 586

18C: LOANS
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 and selected
assets.

- Mortgage on all rights, interest & title of certain residential projects and corporate guarantee given by Kolte-Patil Developers Limited.
Rate of Interest : The rate of interest on such loans are ranging between 10 % to 14%
ii) Term Loan from Financial Institutions :
Security : Exclusive charge by way of RMOE on the projects land, hypothecation of scheduled receivable (both sold and unsold) of Projects,
all insurance proceeds both present and future.
An exclusive charge by way of hypothecation on escrow account, all monies credited / deposited therein and all investments in respect thereof.
Repayment Terms : monthly/quarterly instalments.

18D: VEHICLE LOAN:
Security : Vehicle loan are secured by the underlying assets for which loans are obtained
Rate of Interest : The Rate of Loans are between 6.50 % to 10%.

18E: LOAN FROM OTHERS:
These unsecured loans are replayable on demand.

NOTE 19 - TRADE PAYABLES : NON-CURRENT
(H in Lakhs)
As at As at
Particulars March 31, 2020 March 31, 2019

Carried at amortised Cost
Total outstanding dues to micro enterprises and small enterprises (Refer note 49) - -
Total outstanding dues other than to micro enterprises and small enterprises 1,819 1,205
Total 1,819 1,205

Annual Report 2019-20 | 207