Page 146 - FBL AR 2019-20

Fermenta Biotech Limited
Annual Report 2019-20

Notes to the Standalone financial statements for the year ended March 31, 2020

27 Borrowings (Current) (contd.)
(H inLakhs)
March 31, 2020 March 31, 2019
From others (Unsecured)
Inter corporate deposits (ICD) from Allegro Corporate Finance Advisors Pvt. Ltd. - 404.93
Inter corporate deposits (ICD) from DVK Investments Pvt. Ltd, the Holding Company - 250.00
Total 10,433.30 6,021.25
Packing credit, cash credit from Union Bank of India, are secured by first pari-passu charge on hypothecation of stocks, book debts and and
by equitable mortgage of factory land and buildings at Dahej and Kullu and all moveable property, plant and equipment of the Company
except vehicles with Yes Bank limited and Kotak Mahindra Bank Limited. The average interest rate for packing credit in foreign currency is
3.19% (EURO PCFC - EURIBOR+3%, USD PCFC - 6M LIBOR+3%) and average interest rate for cash credit is 10.00% to 10.65%.
Packing credit from Yes Bank Limited is secured by first pari-passu charge on current assets of the Company and by equitable mortgage of
factory land and buildings at Dahej and Kullu and all moveable property, plant and equipment of the Company except vehicles with Union
Bank of India and Kotak Mahindra Bank Limited. The average interest rate for packing credit in foreign currency is 2.75%.
Packing credit and cash credit facility from Kotak Mahindra Bank Limited is secured by First pari-passu charge on current assets, moveable
property, plant and equipment of the Company and equitable mortgage of factory land and buildings at Dahej and Kullu with Union Bank of
India and Yes Bank Limited (excluding the plant and building financed through term loan from Union Bank and Yes Bank). The average interest
rate for packing credit in foreign currency is 2.5% and Cash credit is 10.50%
Short term working capital loan taken from Union Bank of India are secured against the lien of fixed deposits. The average interest rate is
7.90% .
ICD’s from DVK Investments Pvt Ltd and Allegro Corporate Finance Advisors Pvt Ltd carried interest at rate of 12% p.a.
28 Other financial liabilities (Current)
( H in Lakhs )
March 31, 2020 March 31, 2019
Current maturities of long term debts (Refer note 23) 1,417.05 1,327.33
Deposits from tenants 541.56 296.78
Interest accrued but not due on borrowings 43.15 223.57
Payable to employees / directors 562.96 1,797.26
Liability for capital expenditure 395.55 520.88
Unclaimed dividend 13.51 15.25
Due to others - 71.71
Total 2,973.78 4,252.78
29 Other current liabilities
( H in Lakhs )
March 31, 2020 March 31, 2019
Advances from customers 161.81 199.37
Statutory dues 21.30 204.62
Deferred rent 50.50 66.83
Others - 18.97
Total 233.61 489.79
30 Provisions (Current)
( H in Lakhs )
March 31, 2020 March 31, 2019
Provisions for employee benefit:
Compensated absences 42.74 44.26
Other provisions
Provision for share of loss in a joint venture in excess of cost of investment 13.02 13.02
Total 55.76 57.28

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