Page 271 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

Notes forming part of the Consolidated Financial Statements

Note No. : 19 Borrowings (Contd.)

(ii) Current (H in Lacs)
Particulars As at As at
31st March, 2020 31st March, 2019
Carried at amortized cost
Loans repayable on demand
Working capital loans
From banks
Secured
Rupee loans
State Bank of India (SBI) 46889.20 66879.25
HDFC Bank Ltd. (HDFC) 20000.72 12957.16
Kotak Mahindra Bank Ltd. (KOTAK) 9255.44 5100.07
ICICI Bank Ltd. (ICICI) 14723.84 68.46
Bank of Baroda (BOB) 15000.00 105869.20 - 85004.94
Foreign currency loans
Pre-shipment packing credit
HDFC Bank Ltd. (HDFC) - 4363.10
Other loans
Working capital loans
From banks
Secured
Rupee loans
HDFC Bank Ltd. (HDFC) - 38762.94
Foreign currency loans
Post-shipment credit (Bill discounted with banks)
HDFC Bank Ltd. (HDFC) - 5674.92
ICICI Bank Ltd. (ICICI) - - 5660.34 11335.26

105869.20 139466.24
Summary of current borrowings
Secured borrowings 105869.20 139466.24
Unsecured borrowings - -
105869.20 139466.24
Nature of securities :
a) Working capital loans from SBI are secured / to be secured:
i) by way of hypothecation of entire stock of sugar, sugar in process, mill stores, bagasse, molasses and other current assets including
book debts, both present and future, of all the ten sugar units of the Company on pari passu basis with HDFC, ICICI, Kotak and
BOB.
ii) by way of exclusive hypothecation of entire current assets of all the Cogeneration units of the Company.
iii) by way of third charge on immovable and movable properties (excluding current assets and book debts), both present and future,
of all the ten sugar units of the Company on pari passu with HDFC.
During the year, Company has appointed Security Trustee for custody of the title deeds of immovable properties of all the ten sugar
units of the Company. At present title deeds of eight sugar units has been handed over and accordingly charge has been created.
b) Working capital loans from HDFC are secured / to be secured (except as given in (c ) below)
i) by way of hypothecation of entire stock of sugar, sugar in process, mill stores, bagasse, molasses and other current assets including
book debts, both present and future, of all the ten sugar units of the Company on pari passu basis with SBI, ICICI, Kotak and BOB.
ii) by way of third charge on immovable and movable properties (excluding current assets and book debts), both present and future,
of all the ten sugar units of the Company on pari passu with SBI.
Annual Report 2019-20 | 269