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Notes to Accounts of Olympic Cards Ltd.

Mar 31, 2015

Securities provided against Loan facilities from the Banks / Financial Institutions :

a) The Secured Loans include of Cash Credit with M/s.Axis Bank Limited of 75,93,26,873/-, M/s.AxisBank Limited Machinery loan of 713,88,33,771/- are secured by paripassu first charge by way of hypothecation of Land and Building Plot No. 4.&K-19, Vysarpadi, Chennai - 600 039, These Property belongs to M/S. Olympic Plastic Products, Plot No.5, Vysarpadi and Kannigaiper Property, Thiruvallur District, 601102, these property belongs to in the name of the company and No. 31, Dr.RadhakrishnanSalai, Mylapore, Chennai 600 004, property belongs to Mr.H.Noor Mohamed and SJarina.

b) The Rupee Loan from M/s. Edelweiss Retail Finance Ltd for expansion of Business amounting to 7 2,49,04,769/- are secured by paripassu first charge by way of hypothecation of No.4, Badrian Street, Chennai - 600 001. This property belongs to Mr.H.Noor Mohamed.

c) The Rupee Loan from M/s. ICICI Bank Limited expansion of Business amounting to 7 9,56,46,690/- are secured by paripassu first charge by way of hypothecation of No. 195, N.S.C Bose Road, Chennai - 600 001., No.9 & 10, Chinnathambi Street, No. 52,Malayaperumal Street,Chennai - 600001., No. 195 N.S.C. Bose Road property belongs to Mr.H.Noor Mohamed, S.Jarina, Mohamed Faizal and N.Mohamed Iqbal. The Other Properties belongs to Mr. H.Noor Mohamed.

d) The Rupee Loan from M/s. Fulletron India Credit Co. Limited expansion of Business amounting to 7 7,41,15,118/- are secured by paripassu first charge by way of hypothecation of No.4, United India Colony , Kodambakkam, Chennai- 600024.,No.54, Chinnathambi Street, Chennai - 600 001., N0.8-A, Taramani, Velachery Road, Velachery, Chennai - 600 042.These properties belongs to the company.

e) The Rupee Loan from M/s. The National Small Industries Corporation Ltd.,purchase of Raw materials for Business amounting to 7 49,68,147/- are secured by paripassu first charge by way of hypothecation of Bank Guarantee.


Mar 31, 2014

Contingent Liabilities

Particulars Year Ended 31st Year Ended 31st March, 2014 March, 2013

Claims against the Company not - - acknowledged as debts

b) Others - -

Securities provided against Loan facilities from the Banks / Financial Institutions :

a) The Secured Loans include of Cash Credit with M/s. Axis Bank Limited of Rs.4,43,73,237/-, M/s. Axis Bank Limited Machinery loan of Rs. 13,24,90,396/- are secured by pari passu first charge by way of hypothecation of Land and Building Plot No. 4 and 5, Vyasarpadi, K-19, Vysarpadi, Chennai - 600 039, Kannigaiper Property, Thiruvallur District, Chennai - 601 102 and No.31, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600 004.

b) The Rupee Loan from M/s. Edelweiss Housing Finance Ltd for modernization/expansion of Business amounting to Rs. 1,52,42,677/- are secured by pari passu first charge by way of hypothecation of No.4, Badrian Street, Chennai - 600 001.

c) The Rupee Loan from M/s. ICICI Bank Limited modernization/expansion of Business amounting to Rs. 10,24,88,046/- are secured by pari passu first charge by way of hypothecation of No.195, N.S.C Bose Road, Ch - 1, No.9 and 10, Chinnathambi St, No. 52, Malayaperumal st, Chennai - 600 001.

d) The Rupee Loan from M/s. HDB Financial Services Limited modernization/expansion of Business amounting to Rs.79,08,039/- are secured by pari passu first charge by way of hypothecation of No.4, United India colony , Kodambakkam, Chennai - 600 024.

e) The Rupee Loan from M/s. Kotak Mahindra Bank Limited modernization/expansion of Business amounting to Rs.2,40,15,188/- are secured by pari passu first charge by way of hypothecation of No.54, Chinnathambi Street, Chennai - 600 001.


Mar 31, 2013

Contingent Liabilities

Particulars As at 31st March, As at 31st March, 2013 2012 Rs. Rs.

a) Claims against the Company not acknowledged as debts - -

b) Others - -

NOTE 1:

The presentation of the financial statements is based on the Revised Schedule VI of the Companies Act, 1956, applicable from the current financial year. Accordingly, previous year figures are realigned to make it comparable with the current year.


Mar 31, 2012

(i) The Rupee Term Loan from City Union Bank Limited for modernization/ expansion amounting to Rs. 50,11,55/- are secured by a pari passu first charge by way of hypothecation of an immovable property at Vysarpadi, Chennai.

(ii) The Rupee Term Loan from Bajaj Auto Finance Limited for modernization/expansion amounting to Rs.11,11,80,059/- are secured by a pari passu first charge by way of hypothecation of four immovable properties located at Parry & Mylapore, Chennai, Owned by

Mr. H. Noor Mohamed and Mrs. S. Jarina Directors of the Company. (iii) The Rupee Term Loan from HDB Financial Services Limited for modernization/expansion amounting to Rs. 91,27,590/- are secured by a pari passu first charge by way of hypothecation of an immovable property at Kodambakkam, Chennai.

(iv) The Rupee Term Loan from India Infoline Housing Finance Limited for modernization/expansion amounting to Rs. 2,19,49,027/- are secured by a pari passu first charge by way of hypothecation of an immovable property at parrys, Chennai, Owned by Mr. H. Moor Mohamed. Mrs. S. Jarina, and Mr. N. Mohamed Faizal Directors of the Company together with Mr. N. Monamed Saleem, and Mr. N. Mohamed Iqbal Relatives of the Directors.

 
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