1. Term Loan availed from Indian Overseas Bank, and Corporation Bank
 are secured against first charge on factory land, building and plant
 and Machinery (Fixed Assets Block) situated at Gat No. 148, Tamgaon,
 Kolhapur - Hupari Road, Tal - Karveer, Dist Kolhapur and further
 secured by second charge on current assets of the company (i.e stock of
 raw material, semi finished goods, stores, spares (not relating to
 plant & machinery) consumables, stores, bills receivables, book debts,
 and all movable assets both present and future on pari passu basis.
 
 Working Capital Facilities (i.e. Bills Discounting, Letter of Credit,
 Bank Guarantee and packing credit) availed from Indian Overseas Bank,
 IDBI Bank (previously The United Western Bank Limited) Corporation Bank
 and Bank of India are secured against first charge on current assets of
 the company (i.e stock of raw material, semi finished goods, stores,
 spares (not relating to plant & machinery) consumables, stores, bills
 receivables, book debts, and all movable assets both present and future
 and further secured by second charge on factory land, building and
 plant and Machinery (Fixed assets Block) situated at Gat No. 148 & 149
 Tamgaon, Kolhapur - Hupari Road, Tal -Karveer, Dist Kolhapur on pari
 passu basis
 
 Term Loans availed from IDBI Bank (previously The United Western Bank
 Limited) are secured against the respective machinery for which loans
 are availed.
 
 Indian Overseas Bank in consortium with State Bank of Hyderabad, State
 Bank of Patiala.Punjab National Bank, State Bank of India, Bank of
 Baroda, Corporation Bank, Bank of India, Unian Bank of India and Axis
 Bank Ltd. (formerly UTI Bank Ltd) has sanctioned Term Loan of Rs. 170
 Crores for New Yarn Dyed Shirting Fabric Project. The said term loans
 of Rs. 170 Crores is secured against the part of Gat No. 148
 admeasuring 13 hector, 37R, and Gat No. 149 area 17 hectors and 42R
 together with all building and structures and all plant and machinery
 attached / permanently fastened to anything attached to the said land,
 both present and future, pertaining to Phase IV. Further whole of the
 movable properties of the company in Phase IV including fixed assets of
 the Company pertaining to the Properties and its movable plant and
 machinery, movable spares, tools and accessories and other movables are
 secured against the said loan.
 
 Related Party Transactions
 
 1 Promoters                     :  Shri Ramchandra M. Mohite
 
 2 Key Management Personnel      :  Shri Anasaheb R. Mohite, 
                                    Managing Director
 
                                 :  Shri Abhishek A. Mohite, Director
                                    (Marketing & Strategy)
 
 3 Others - Enterprises in       :  M/s Maruti Construction Promoters
    which          
 
   Prometer Directors hold 
   Substantial Interest          :  M/s R.M. Mohite & Co
 
 4 Relatives to Key 
   Managerial Personnel          :  Mrs. Anjali A Mohite Associate
                                    Vice President