Page 281 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

(vi) debt owed by tata Chemicals International pte. limited (‘tCIpl’):
the outstanding loan as at 31st March, 2020 is ` 1,513.30 crore (2019: ` 1,383.11 crore) (uSd 200 million (2019: uSd 200 million)).
the loan bear an effective interest rate of 3.91% (2019: 3.81%). the loan is repayable in full on december 12, 2022.
(e) Debt owed by Rallis:
term loan from Council of Scientific and Industrial research: the balance payable as on March 31, 2020 is ` 0.42 crore (2019: ` 0.26
crore) of which an amount of ` nil (2019: ` 0.09 crore) has been disclosed in note 20 within the heading current maturity of long
term debt under other financial liabilities (current). the same is repayable alongwith interest in 7 annual installments. the loan bears
interest of 3% per annum.
(f) Debt owed by Rallis:
Sales tax deferral Scheme: the loan is repayable in annual installments which range from a maximum of ` 1.13 crore to a minimum of
` 0.15 crore over the period stretching from april 1, 2020 to March 31, 2027. the amount outstanding is free of interest. the balance
outstanding as at March 31, 2020 is ` 5.55 crore (2019: ` 5.70 crore), out of which ` 0.31 crore (2019: ` 0.15 crore) has been disclosed
in note 20 within the heading current maturity of long term debt under other financial liabilities (current).
(g) (i) debt owed by tCl:
loans from banks on Cash Credit ` nil (2019: ` 0.99 crore) carry an interest ranging from 8.70% per annum to 9.10% p.a. and are
secured by way of hypothecation of stocks of raw materials, finished products, stores and work-in-process as well as book debts.

(ii) debt owed by rallis:
Bank overdrafts and cash credit facility ` 24.12 (2019: ` 35.96 crore) are secured by first pari passu charge on inventories
(including raw material, finished goods and work-in-progress) and book debts.
(h) (i) debt owed by tCMl:
outstanding loan of ` 17.38 crore (2019: ` 13.83 crore)(2020: uSd 2.3 million and 2019: uSd 2 million). It is a secured overdraft
facility against dues receivable from Kenyan revenue authority. the rate of interest for this borrowing is 8.08% (2019: 9%) per
annum.
(ii) debt owed by rallis:
loan of ` 25.50 crore (2019: ` 17.00 crore) is secured by first paripassu charge on stock (including raw material, finished goods
and work-in-progress) and book debts and carries a weighted average interest of 8.56% per annum.
(i) Term loan of VHI, comprised of a ` 1324.14 crore (2019: ` Nil) (USD 175 million (2019: USD Nil) term loan (‘Bridge loan’)
the Bridge loan is unsecured and is repayable in full on June 19, 2020. the effective interest rate for the year ended March 31, 2020 is
ranging from 2.94 % to 3.19 %.
(j) Debt owed by TCIPL:
` 378.33 crore (2019: ` 117.56 crore)(2020: uSd 50 million and 2019: uSd 17 million) is towards unsecured working capital facility and
is repayable within 90 days (2019: 90 days) . Interest is charged at 1.39% to 3.99% (2019: 2.60% to 3.99%) per annum over uS$ lIBor.
(k) Suppliers’ credit:
as at March 31, 2020: unsecured Supplier’s credit repayable on demand bears interest ranging from 1.91 % to 3.14 % per annum.
as at March 31, 2019: unsecured Supplier’s credit repayable on demand bears interest ranging from 2.69% to 3.12% per annum.

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