1. Secured Loan reapayble on demand :
ICICI Bank Limited Cash Credit Facility : Sanction limit of ' 2970 Lakhs ('1170 Lakhs Funded and '1800 Lakhs Non Funded). Terms of Repayment : On Demand Descriptive Note
Cash Credit with bank has been secured by Hypothecation of Book Debts with 25% margin on receivables upto to 120 days. The cash credit is further collaterally secured by Equitable / Register Mortgage created on Property : Unit No. 619, 624 and 625 Lodha Supremus II, 22 Wagle Industrial Eatate, Thane owned by ANI Instruments - Partnership firm along with personal gaurantees of following Directors :
Mr. Navin Nandakumar Korpe Mrs. Anita Navin Korpe Mr. Akshay Korpe Mr. Kedar Korpe
2. Unsecured Loan reapayble on demand :
Standard Chartered Bank - Cash Credit Facility : Sanction limit of ' 1500 Lakhs.
Terms of Repayment : On Demand
Descriptive Note
Cash Credit with bank has been secured by Hypothecation of Book Debts with 25% margin on receivables upto to 90 days.The cash credit is further secured by corporate guarantee of ANI Instruments - Partnership firm along with personal gaurantees of following Directors :
Mr. Navin Nandakumar Korpe Mr. Akshay Korpe Mr. Kedar Korpe
Note 7.1 : Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2024, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.
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