PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

167 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 14 b) Lease liabilities Particulars Non-Current portion Current portion As at March 31, 2021 As at March 31, 2020 (Restated) As at March 31, 2021 As at March 31, 2020 (Restated) Lease liabilities 431.25 619.43 156.45 79.63 431.25 619.43 156.45 79.63 15 Current borrowings (secured) Particulars As at March 31, 2021 As at March 31, 2020 (Restated) From Banks: Cash credit 14.81 – Working capital demand loan 9,705.14 15,397.82 Packing credit from bank 6,713.35 8,862.73 Buyers credit – 1,278.31 Total 16,433.30 25,538.86 a) All the above loans are secured by first pari passu charge on all current assets of the Holding company both present and future. b) Working capital loans from banks are secured by way of hypothecation of inventories both on hand and in transit and book debts and other receivables both present and future and also secured by way of second charge on fixed assets. Working capital loans carry interest rate @ 5.15% to 6.40%. c) Post shipment and packing credit from bank carry interest rate @ 0.70% to 6.75% and are due for payment within 180 days. d) Cash Credit loan from bank carry interest rate @ 6.50% to 7.00%. 16 Provisions Particulars Non-Current portion Current portion As at March 31, 2021 As at March 31, 2020 (Restated) As at March 31, 2021 As at March 31, 2020 (Restated) Provisions for employee benefits Compensated absences (refer note 32) 372.93 337.83 52.12 38.56 Gratuity (refer note 32) 1,095.16 953.72 83.45 62.81 Other provision Provision for wealth tax – – – 0.20 1,468.09 1,291.55 135.57 101.57 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)