Page 279 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

19. Borrowings
` in crore
As at As at
March 31, 2020 March 31, 2019
Non-current
Secured - at amortised cost
(a) term loans - bank (footnote 'a') 1,402.54 2,898.32
(b) term loans - others (footnote 'b') 0.27 0.47
Unsecured - at amortised cost
(a) term loans - bank (footnote 'd') 2,098.59 1,921.14
(b) term loans - others (footnote 'e') 0.42 0.17
(c) other loans (footnote 'f') 5.23 5.55
3,507.05 4,825.65
less: unamortised finance cost 33.69 56.32
3,473.36 4,769.33
Current
Loans repayable on demand
Secured - from banks
(a) Cash/packing credits/Bank o/d (footnote 'g') 24.12 36.95
(b) Working capital demand loan (footnote 'h') 42.88 30.83
Unsecured - from banks
(a) term loans - bank (footnote 'i') 1,324.14 -
(b) Working capital demand loan (footnote 'j') 378.33 117.56
(c) Suppliers' credit (footnote 'k') 143.47 167.12
1,912.94 352.46
Footnotes:
(a) (i) Secured term loans owed by natrium Holdings and its subsidiaries (‘natrium Holdings limited group’):
Secured term loans of natrium Holdings limited group comprise of a £ 80 million term loan (‘term loan’) and a £ 20 million
revolving credit facility (‘rCF’). as at March 31, 2020, the debt outstanding under the term loan amounts to ` 748.02 crore (2019:
` 724.19 crore) (£ 80 million 2019: £ 80 million).
a maximum of £ 20 million can be drawn down under the rCF, of which `187.01 crore (2019: `162.95 crore) (2020: £ 20 million
and 2019: £ 18 million) had been drawn down as at March 31, 2020.
Interest on this facility is payable at lIBor plus 1.15% per annum (2019: 1.15% per annum). the debt facilities are secured by
fixed and floating charges over the assets of the sub-group. Both the above loans are repayable in full in March 2023.
(ii) Secured term loans owed by Cheshire Salt Holdings limited (‘CSHl group’):
Secured term loans of CSHl group comprise of a £ 50 million term loan (‘term loan’) and a £ 5 million revolving credit facility
(‘rCF’). as at March 31, 2020, the debt outstanding under the term loan amounts to ` 467.51 crore (2019: ` 452.62) (£ 50 million
2019: £ 50 million). the rCF is unutilised as at March 31, 2020.
Interest on these facility is payable at lIBor plus 1.35% per annum. the debt facilities are secured by fixed and floating charges
over the assets of the sub-group. the term loans is repayable in instalments commencing March 2021 and ending in March
2023.
(iii) Secured term loans owed by tata Chemicals north america (‘tCna’) group:
Secured term loans of tCna comprise of a uSd 315 million term loan (‘term loan’) and a uSd 25 million revolving line of credit
(‘revolver’).
the term loans are secured by a first-priority interest in the tCna’s 75% interest in tCSapH, the tCna’s assets, and equity interest
in foreign subsidiaries. as at March 31, 2020, the debt outstanding under this agreement is `1,704.73 crore (uSd 225.30 million)
(this has been disclosed in note 20 within the heading current maturity of non-current borrowings under other financial
liabilities (current)) and 2019: `1,558.06 crore (uSd 225.30 million). the term loan and revolver are repayable in full on august
9, 2020.

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