GUJARAT NRE COKE LIMITED List of Creditors (Version 6: Pursuant to claims received and updated as on )

Transcription

1 GUJARAT NRE COKE LIMITED List of Creditors (Version 6: Pursuant to claims received and updated as on ) Sl. No. Category of Creditor Amount Claimed (in INR) Amounts of Claims admitted (in INR) Security Interest Details of Claims Financial Creditors 37,84,03,40, ,4,5,7,34.96 Detailed in List A List A (Page Nos. 2 7) 2 3 Operational Creditors (other than Workmen and Employees) Operational Creditors (only Workmen and Employees) TOTAL 9,24,52,8, ,09,69,27, ,08,55,59, ,50,84,99,239.4 List B (Page Nos. 8 0) List C (Page No. ) Page of 5

2 LIST A GUJARAT NRE COKE LIMITED List of Creditors (Version 6: Pursuant to claims received and updated as on ) Category: Financial Creditors Official Exchange Rate as on (Insolvency Commencement Date): USD : INR Sl. No. Name of Creditor Nature of Financial Debt Amount Claimed (in INR, unless otherwise stated) Amounts of Claims Admitted (in INR) Security Interest Assets Care & Reconstruction Enterprise (since assignment of debts by DBS Bank ) Overdraft (inclusive of Interest) Long Term Loan (inclusive of Interest) 23,9,52, ,38,52, ,5,04, ,70,57, ,5,04, ,89,57, Page 2 of 5

3 Cash Credit (inclusive of Interest) 95,99,74, ,99,74, Letter of Credit (inclusive of Interest) 76,37,9, ,37,9, Term Loan (inclusive of Interest),80,43,99,759.59,80,43,99, Axis Bank 3 Bank of Baroda Non Convertible Debentures (inclusive of Interest) 2,39,2,06, ,39,2,06,27.04 Funded Interest Term Loan and Working Capital Term Loan,07,28,98, Corporate Guarantee given by Gujarat NRE Coke (Guarantor) for Foreign Currency Term Loan taken by Gujarat NRE (Borrower) USD 0,000, ,63,70,98, ,39,28, Cash Credit (inclusive of Interest),44,3,37,03.8,44,3,37,03.8 Working Capital Term Loan (inclusive of Interest),09,56,5,673.50,09,56,5, Funded Interest Term Loan (inclusive of Interest) 28,46,06, ,46,06, ,56,42,00,37. 4 Corporation Bank Inland Bank Guarantee 3,07,53, ,85,4,3, ,07,53, ,85,4,3, Non Convertible Debentures (inclusive of Interest),02,2,406.85,02,2, Funded Interest Term Loan (inclusive of Interest) 2,32,88,99.2 3,35,00, ,32,88,99.2 3,35,00, Page 3 of 5

4 5 Export Import Bank of India Rupee Loan (inclusive of Interest) 77,56,62, ,89,3, Additional Term Loan (inclusive of Interest) 6,78,56, ,35,9, ,78,56, ,67,87, ICICI Bank Ltd. Bank Guarantees 9,66, ,66, Cash Credit (inclusive of 7 IDBI Bank Interest) 23,42,67, ,42,67, Viability Gap Funding (inclusive of Interest),0,75, ,53,43,568.26,0,75, ,53,43, Cash Credit (inclusive of Interest) 2,48,2,4, ,48,2,4,36.00 JM Financial Asset Rupee Term Loan (inclusive of Interest),2,35,97,089.00,2,35,97, Reconstruction Company Priority Term Loan (inclusive of Interest) 5,08,03, ,08,03, New Term Loan (inclusive of Interest) 39,73,98, ,73,98, (since assignment of the debts by ICICI Letters of Credit (inclusive of Interest) 76,27,98, ,27,98, Bank ) Term Loan NRE Metcoke (since merged with Gujarat NRE Coke ) (inclusive of Interest) 28,92,5, ,0,50,90, ,92,5, ,0,50,90, The Lakshmi Vilas Bank Term Loan I (inclusive of Interest) 43,85,58, ,85,58,47.00 Term Loan II (inclisive of Interest) 28,25,20, ,25,20, Viability Gap Funding (inclusive of Interest) 0,45,8, ,56,60, ,45,8, ,56,60,20.00 Page 4 of 5

5 0 Life Insurance Corporation of India Non Convertible Debentures (inclusive of Interest) 2,98,5,40, ,04,80,65, Funded Interest Term Loan (inclusive of Interest) 2,98,5,40, ,80,0, ,64,60,67, National Pension System Trust A/c SBI Pension Fund Scheme Central Government SBI Pension Funds Private Non Convertible Debentures (inclusive of Interest) 2,8,42, ,8,42, National Pension System Trust A/c SBI Pension Fund Scheme State Government SBI Pension Funds Private Standard Chartered Bank Non Convertible Debentures (inclusive of Interest) 6,67,27, ,67,27,429.4 Overdraft (inclusive of Interest) 37,3,75, ,3,75, Term Loans (inclusive of Interest),39,98,5,583.8,39,98,5,583.8 Funded Interest Term Loan (inclusive of Interest) 2,79,57,3.38,90,09,84, ,79,57,3.38,90,09,84,92.29 Page 5 of 5

6 4 State Bank of India Term Loan (inclusive of Interest) 2,47,06,2, ,47,06,2, Corporate Term Loan (inclusive of Interest) 4,8,68,66,6.44 4,8,68,66,6.44 Working Capital Term Loan (inclusive of Interest) 26,72,3, ,72,3,94.89 Funded Interest Term Loan (inclusive of Interest) 30,03,96, ,03,96, Cash Credit (inclusive of Interest) 4,9,67,9,9.33 4,9,67,9,9.33 Non Convertible Debentures (inclusive of Interest) 5,63,67, ,63,67, Syndicate Bank 6 7 Tamilnad Mercantile Bank United Bank of India Bank Guarantee 8,54,22,935.00,56,36,26, ,54,22,935.00,56,36,26, Term Loan (inclusive of Interest) 60,69,04, ,69,04,209. Cash Credit (inclusive of interest) 72,9,68, ,9,68, Viability Gap Funding (inclusive of Interest) 7,7,66, ,9,35, ,7,66, ,9,35,78.97 Cash Credit (inclusive of interest) 6,24,66, ,24,66, Viability Gap Funding (inclusive of Interest),39,75, ,64,4,590.39,39,75, ,64,4, Page 6 of 5

7 8 Far East Capital Fund Foreign Currency Convertible Bonds (inclusive of Interest) USD,304, ,40,00, ,40,00, Investec Bank (Switzerland) AG Foreign Currency Convertible Bonds (inclusive of Interest) USD 433, ,78,82, ,78,82, Teatree Enterprises Foreign Currency Convertible Bonds (inclusive of Interest) USD 8,95,250.00,2,80,05,90.20,2,80,05, Tothill Ventures Foreign Currency Convertible Bonds (inclusive of Interest) USD,087, ,00,00, ,00,00,38.20 TOTAL 37,84,03,40, ,4,5,7,34.96 NOTE:. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 2. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 3. Uninvoked Bank Guarantee Page 7 of 5

8 LIST B GUJARAT NRE COKE LIMITED List of Creditors (Version 6: Pursuant to claims received and updated as on ) Category: Operational Creditors other than Workmen and Employees Official Exchange Rate as on (Insolvency Commencement Date): USD : INR GBP : INR AUD : INR ( SBI Foreign Currency Ready Rates) Sl. No. Names Armada (Singapore) Pte Nature of Operational Debt Amount Claimed (in USD) (in GBP) (in AUD) (in INR) Amounts of Claims Admitted (in INR) Freight and Demurrage Charges (inclusive of Interest),79,95, ,4,963.2,28,25,23, Associated Road Carriers Transportation Charges 26,87, ,80, Axis Trustee Services Fee for acting as Debenture Trustee 40,95, ,95, British Marine Freight and Demurrage Charges and Legal Costs 6,37,96, ,53,30, Advance against Supply of Coeclerici Asia Pte Products and Legal Costs (inclusive of Interest),00,0, , ,97,43, Security Interest 2 6 Dwarka Sales Agency Commission 7 8 Daiichi Chuo Kisen Kaicha Department of Income Tax, Ministry of Finance, IT Circle 8(), Kolkata Freight (A) Tax Demand for AY u/s 43() of Income tax Act 47,54, ,54, ,3,64, ,77,95,0, ,90, Page 8 of 5

9 9 0 2 EPC Constructions India Ltd. Deepak Rainshed Builders Gupta Global Resources Private Jindal Steel & Power (B) Tax Demand for AY u/s 47 / 43(3) & 56 of Income Tax Act 42,5, (C) Tax Demand for AY u/s 5WE(3) of Income Tax Act 2,66,72.00 (D) Tax Demand for AY 20 2 u/s 43(3) of Income tax Act 3,40, ,40,67.00 (E) Tax Demand for AY u/s 44C(3) / 43(3) and 56 of Income Tax Act (F) Tax Demand for AY u/s44c(3) / 43(3) and 56 of Income Tax Act 74,43,77, ,55,90, ,9,00, Trade Receiveable 2,84,6, Transportation and other Charges 3,44, ,44, Sale of Coal 77,2,65, ,77,29,5.00 Advance against Supply of Products, Liquidated Damages (all inclusive of Interest) and Arbitration Costs and Fees 82,29,53, ,29,53, Page 9 of 5

10 3 Kawasaki Kisen Kaisha 4 Omniwealth Legal Pty 5 PCL (Shipping) Pte 6 SBI Capital Markets Freight and Demurrage Charges 8,07,573.74,63,94, Legal Fees Freight Advisory Services, etc 3,73,9.29,55,79, ,05,88, ,25,75,05, ,66,58, ,66,58, Suzlon Global Services Operation and Maintenance Charges for Wind Farms (inclusive of Interest) 63,8,3, ,8,3, Ultrabulk A/S Claim against Collaborative Business Ventures (inclusive of Interest) 9 Wollongong Coal Coal Purchase and Legal Cost 20 Wongawilli Coal Pty Coal Purchase 3,25,62,28.53,64,49,62, ,97,8,0.53 7,53, ,88,26,06,020.66,04,26, ,3,82,98.59 TOTAL 22,62,72, ,57,745.78,26, ,49,42,66, ,09,69,27, NOTE:. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 2. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 3. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 4. Substantiation of balance Claim is pending for want of evidence/clarification/information sought from the Creditor. 5. Tax Demand of Rs. 5,90,57/ not admitted since already paid. 6. Tax Demand of Rs. 62,92,753/ not admitted since already paid. 7. Tax Demand of Rs. 2,66,72/ not admitted since already paid. 8. Tax Demand of Rs. 74,43,77,590/ not admitted as Appeal order is in favour of Corporate Debtor. 9. In AY the tax outstanding of corporate debtor was Rs. 5.9 crores as on the date of filing IT return. Thereafter the corporate debtor paid Rs. 3 crores. Subsequently, the I.T department passed an assessment order for Rs crores alongwith interest of Rs..59 crores. Appeal has been filed agaist such order. The claim admitted is therefore Rs. 2.9 crores. 0. Adjudication pending for want of information from the claimant. Page 0 of 5

11 LIST C GUJARAT NRE COKE LIMITED List of Creditors (Version 6: Pursuant to claims received and updated as on ) Category: Operational Creditors only Workmen and Employees Sl. Amount Amounts of Claims Security Names Nature of Operational Debt No. Claimed admitted Interest TOTAL Page of 5

12 Sl. No. Security Interest Details of Security Interest for Existing Term Loans, Working Capital Term Loans (WCTL), Funded Interest Term Loans (FITL), Non Convertible Debentures (NCD) and New/Additional Term Loans including Viability Gap Funding (VGF) by CDR and Non CDR Lenders but excluding Term Loan I granted by Lakshmi Vilas Bank for Term Loan of Rs Crores st Pari passu Charge on the entire fixed assets (both present and future) of the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. st Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at NRE Metcoke (now merged with Gujarat NRE Coke ) at Bhachau in the State of Gujarat. 2nd Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at Bajrangbali Coke Industries (now merged with Gujarat NRE Coke ) at Bhachau in the State of Gujarat. 2nd Pari passu Charge over the entire current assets (both present and future) of the Corporate Debtor namely, stocks of raw material, semi finished and finished goods and book debts, outstanding monies, receivables, choses in action and/or other claims pertaining to the Corporate Debtor's various Projects in the States of Gujarat and Karnataka. Details of Security Interest held exclusively by Lakshmi Vilas Bank for Term Loan I of Rs Crores 2 st Charge on the entire fixed assets of Bajrangbali Coke Industries (now merged with Gujarat NRE Coke ), located at Bhachau in the State of Gujarat. 2nd Pari passu Charge on the entire fixed assets (both present and future) of the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. Page 2 of 5

13 Details of Security Interest for Working Capital Facilities [Cash Credit (CC), Letter of Credit (LC), Overdraft and Bank Guarantee] sanctioned by both CDR and Non CDR Lenders st Pari passu Charge on the entire current assets (both present and future) pertaining to the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka. 2 2nd Pari passu Charge on the entire fixed assets (both present and future) pertaining to the Corporate Debtor's coke and steel units at Khambalia and Bhachau in the State of Gujarat and Dharwad in the State of Karnataka and Windmill units at various locations in the State of Gujarat. 2nd Pari passu Charge over the entire fixed assets (both present and future) of the Corporate Debtor's leased unit namely at NRE Metcoke (now 3 merged with Gujarat NRE Coke ) at Bhachau in the State of Gujarat. Common Additional Security Interest for Existing Term Loans, Non Convertible Debentures (NCD), Working Capital Term Loans (WCTL), Funded Interest Term Loans (FITL), Working Capital Facilities (both funded and non fund based) st Pari passu Charge on Residential Property at, Clyde Row, Hastings, Kolkata, sgtanding in the name of Mr. Arun Kumar Jagatramka. st Pari passu charge on Residential cum office Property at NRE House, Saru Road, Jamnagar, Gujarat, standing in the name of Mr. Arun Kumar 2 Jagatramka. Pledge of unencumbered shares of the Corporate Debtor held by the Promoters/Promoter Group Company aggregating to 7,84,78,035 Equity Shares 3 and,33,57,468 Class "B" Equity Shares. (Refer Annexure 2 for details ) Page 3 of 5

14 Guarantees (Common for all Facilities) Personal Guarantees of Promoters/Directors, i.e. Mr. Arun Kumar Jagatramka and Ms. Mona Jagatramka. Corporate Guarantee (to the extent of the value of shares pledged) of Promoter Group companies, namely: 2 3 i. Gujarat NRE Mineral Resources (now merged with Bharat NRE Coke ) ii. Mangal Crystal Coke Private iii. Bhachau Traders Private iv. Khambalia Traders Private v. Mahanidhi Vyapaar Private vi. Russel Vale Traders Private vii. Wonga Traders Private Corporate Guarantee of Bajrangbali Coke Industries (now merged with Gujarat NRE Coke ), NRE Metcoke (now merged with Gujarat NRE Coke ) and Bharat NRE Coke. Term Loan NRE Metcoke (now merged with Gujarat NRE Coke ) in favour of JM Financial Asset Reconstruction Company i. Exclusive charge on current assets of NRE Metcoke (now merged with Gujarat NRE Coke ) ii. 2nd Pari passu charge on all immovable and movable assets of NRE Metcoke (now merged with Gujarat NRE Coke ) Page 4 of 5

15 Annexure 2 Pledge of Shares to CDR and Non CDR Lenders Sl. No. Pledgor Equity (No. of Shares) Class "B" Equity (No. of Shares) State Bank of India Arun Kumar Jagatramka 22,50,556 20,40,055 2 Gujarat NRE Mineral Resources (now merged with Bharat NRE Coke ) 60,22,472 68,3,93 3 Mona Jagatramka 5,007 5,85,500 4 Bhachau Traders Private 2,00,00,000 5 Khambalia Traders Private 2,00,00,000 6 Mahanidhi Vyapaar Private 2,00,00,000 7 Russel Vale Traders Private 2,00,00,000 8 Wonga Traders Private 2,00,00,000 9 Mangal Crystal Coke Private 4,50,00,000 Lakshmi Vilas Bank Gujarat NRE Mineral Resources (now merged with Bharat NRE Coke ) 35,00,000 3,00,000 2 Arun Kumar Jagatramka 26,00,000 8,00,000 IDBI Bank Gujarat NRE Mineral Resources (now merged with Bharat NRE Coke ) 57,00,000 United Bank of India Gujarat NRE Mineral Resources (now merged with Bharat NRE Coke ),34,00,000 TOTAL 7,84,78,035,33,57,468 NOTE: Shares are pledged by Pledgors to the above Banks, however, all CDR and Non CDR Lenders have pari passu security interest in the same. Page 5 of 5