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Nakoda

BSE: 521030|NSE: NAKODA|ISIN: INE559B01023|SECTOR: Textiles - Processing
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« Dec 13
Notes to Accounts Year End : Mar '15
 1. Term Loans
 
 a Term loan of Rs. 250 crores (Phase I) and Term loan of Rs. 153 (Phase
 II) are secured by Pari Passu first charge on all existing immovable
 and movable assets of the company situated and proposed to be situated
 at Block No. 17 to 19 at Karanj and Block No. A/1. B/1, M/1 at Textile
 Park, Hathuran and second charge oh all Current Assets of the company.
 
 2. Corporate Loans
 
 a Corporate loan from Syndicate Bank is secured by EMT of Land and
 Hypothecation oi 9 wind mills situated at Tirunelveli, Talmilnadu.  b
 Corporate loan from Indian Overseas Bank is secured by Hypothecation of
 7 wind miils situated at Ratlam.M.P.
 
 3. CONTINGENT LIABILITIES AND COMMITMENTS
 
 a. Estimated amount of contracts remaining         NIL          NIL
    to be executed on captial Accounted and
    not provided for
 
 b. Counter guarantees given to banks               NIL        738.71
Source : Dion Global Solutions Limited
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