‘MedPlus Health Services Limited (formerly known as MedPlus Health Services Private Limited)
Annexure- VIL

Notes to Restated Consolidated Financial Information

(All amounts are in Rs. in millions except as othersvise stated)

19 Borrowings “As at September 30, As at September 30,

 

phe se ‘As at March 31, 2021 As at March 31, 2020 As at March 31, 2019

Non current

Liability component of compound financial instrument (refer note: 52)* z - z e

 

 

 

* The amounts are below millions hence the same are not appearing

 

Current
Cash credit from bank (secured) 567.48 863.82 1,352.35, 1,050.51 719.02
Loan from others (unsecured) : : : = 325.00

367.48 863.82 1,352.35, 1,050.51 7,034.02,

 

 

(a) Cash credit facility as at
(i) September 30, 2021 is obtained from Axis Bank, HDFC Bank, State Bank of India & Karur Vyasya Bank. During the period, new Cash credit facility from State Bank of India & Karur Vyasya
Bank was obtained,

(ii) September 30, 2020 is obtained from Axis Bank & HDFC Bank.

(iii) March 31, 2021 is obtained from Axis Bank & HDFC Bank.

(iv) March 31, 2020 is obtained from Axis Bank & HDFC Bank. During the year, the company has closed its facility with State Bank of India consortium and availed new facility with Axis Bank
& HDFC Bank.

(v) March 31, 2019 is obtained from State Bank of India consortium,

‘These cash credit facilities are secured by the following:

(i) Pari Passu charge on the entire present and future inventories of the subsidiary company - Optival Health Solutions Pri
(ii) Pari Passu charge on the entire present and future immovable fixed assets of Optival except the following building
"Unfinished Shop no:G1 in the ground floor of Karna Nilayam in H No:10-1/6 on plot no:3/c at P&T Colony, Gaddiannarm Village, Saroor nagar revenue Mandal, Ranga Reddy District’

 

te Limited ("Optival")

(iii) Collateral security by way of fixed deposit to Axis Bank Limited, HDFC Bank Limited, State Bank of India & Karur Vysya Bank of Rs 193.50 millions,
(September 30, 2020 Axis Bank Limited and HDFC Bank Limited of Rs 177.00 millions, March 31, 2021: Axis Bank Limited and HDFC Bank Limited of Rs 234.00 millions, March 31, 2020: Axis
Bank Limited and HDFC Bank Limited of Rs 177.00 millions, March 31, 2019: State Bank of India consortium of Rs.248.24 millions),

(iv) Corporate guarantee by MedPlus Health Services Limited (formerly known as MedPlus Health Services Private Limited), the holding company for credit facilities obtained by Optival

(v) Personal guarantees of Dr. G.Madhukar Reddy (Director of the Company), No immovable property of personal guarantor shall be encumbered /disposed off without prior consent of the
Bank (September 30, 2020: Dr. G.Madhukar Reddy (Director of the Company), March 31, 2021: Dr. G.Madhukar Reddy (Director of the Company), March 31, 2020: Dr. G.Madhukar Reddy
(Director of the Company), March 31, 2019: Mr. KS. Murali Krishna (directors of the subsidiary - Optival) and Dr. G. Madhukar Reddy (directors of the Company), P Srinivas and Surendranath
M (directors of RiteMed Pharma Retail Private Limited)).

(&) During the year ended 31 March 2019, subsidiary company - Optival had charge against fixed assets, hypothecation of stocks, receivables and other chargeable current assets. During the year
ended 31 March 2020, the charge on these assets has been satisfied upon closure of cash credit facility with State Bank of India and its consortium.

Interest rate on cash credit during the period carries floating, interest rate ranges from MCLR + 0.45% to 0.55% per annum, MCLR ranges from 7.22% to 7.33% per annum (September 30, 2020
MCLR + 1.1% to 2.2% per annum, MCLR ranges from 7.15% to 8.15% per annum, March 31, 2021 MCLR + 1.10% to 2.00% per annum, MCLR ranges from 8.50% to 9.95% per annum, March 31,
2020 MCLR + 1.1% to 2.2% per annum, March 31, 2019 MCLR#2.00% to 2.75% per annum).

Loan from others represents
a) Loan from others represents loan of Rs. Nil (September 30, 2020: Rs.Nil, March 31, 2021: Rs.Nil, March 31, 2020: Rs.Nil, March 31, 2019: Rs.285 millions) taken from M/s Merlin Holding.
Private Limited. The loan carried an interest @ 20.50% and @20.00% per annum for an amount of Rs 200 million and Rs 85 million respectively, the loan was repaid on April 10, 2019.

b) Rs.Nil (March 31, 2020: Rs.Nil, March 31, 2019: Rs.40 millions) taken from Mrs. Pravesa Holding Private Limited on 7th September, 2017. The loan carried an interest @ 18% per annum, the
Joan was repaid on April 11, 2019.

(6 The group has complied with the requirement of filing of quarterly returns/statements of current assets with the banks or financial institutions, wherever applicable, and these returns were in
agreement with the books of accounts for the period ended June 30, 2018, September 30, 2018, December 31, 2018, June 30, 2019, September 30, 2019, December 31, 2019, June 30, 2020 &
September 30, 2021. Following are the discrepancies between books of accounts & quarterly statements submitted to banks, where borrowings have been availed based on security of current
assets

 

[Quarter )Name of bank Particulars [Amount as per books|Amount as reported] Amount of difference Reason for material discrepancies
lof account jin the — quarterly|
lreturn/ statement

 

Mar19 [Axis and HDFC [inventories 3805.76 385.80 9.96 |The variance is on certain year end
Jadjustment, carried post filing of returns
lwith the banks

 

Mar-20 [Axis and HDFC inventories 6,263.36 627643 (73.07) [The variance is on certain year end
Jadjustment, carried post filing of returns
with the banks

 

 

[Sep-20 Axis and HDFC [inventories 6763.85 650654 167.51 [Stock in Gansit not included in amount
lreported in the quarterly return
[Dec-20_ [Axis and HDFC inventories 722 7,092.98 12823 |Stock in transit not included in amount

lreported in the quarterly return

 

 

 

Mardi [Axis and HDFC [inventories 751928 (9117) |The variance is on certain year end
Jadjustment, carried post filing of returns
lwith the banks

ljan-d1 [Axis and HDF inventories Banos B1eso8 T6095 [Stock in Gansit not included In amount

 

 

 

 

 

 

 

reported in the quarterly return

 

252

 
