(ANNEXURE-IV)

APPRISAL FORMAT- D

[FORMAT for Fresh Sanction /Enhancement /Review /Renewal of Term

Loan & Working Capital facilities – From Rs.10.00 lacs to Below Rs.25.00
lacs – As applicable for proposals falling under Agri /MSME /Others]

Name of the A/c: M/S A.E. PLYWOOD

Branch Birohihat Region NADIA

Asset SMA status
Classificatio
n
Internal Rating
Rating based on
ABS as at
Sector MSME Line of
activity
Priority /non- Dealing with
priority our Bank
since
Exposure Existing Proposed Exposure to Existing Proposed
(Borrower) 9.00 15.00 (Group)
(Rs. in lacs) (Rs./Lacs)
Date of First Date of last
sanction review
/sanction

Re: - Proposal for Fresh Sanction /Enhancement /Review/Renewal in

the following facilities:
(Rs. in lacs)
Facility Existing Proposed
Limit Out. RoI/ Limit RoI Maturity
as on Comm /Comm
Fund
Based
-CC/OD 9.00 15.00

-Term Loan
Sub total 9.00 15.00
Non Fund
Based
-LC
-BG
Sub total
Total 0.00 0.00

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 1. General Information:
Constitution Individual/Proprietorship/Partnership/Limited
Company/HUF/Trust/ Cooperative
Society /Others
Address of Regd./Corporate SOANKHALI, PANCHPUKURIA, BIROHI,
Office HARINGHATA,
NADIA, PI- 741225

Project Office/Plant Site SOANKHALI, PANCHPUKURIA, BIROHI,

HARINGHATA,
NADIA, PI- 741225

Date of incorporation
Dealing with UBI since 2004
Key Person KUTUBUDDIN MONDAL

Customer ID
Name, address and PAN of DEUPM2290K
proprietor/ partners

2. Position of Account as on:

(Rs. in lacs)
Nature of Limit DP Present Overdue, Interest Installment
Facilities outstanding if any serviced serviced
up to up to
Fund Based
CC/OD/WCDL 9.00 9.00
Term Loan
Others
Sub Total (A) 9.00
Non Fund
Based
LC (I & F)
BG
Others
Sub Total (B) 0.00
Total (A+B) 9.00

Security:
(Rs. in lacs)
Type Particulars Basis of Total Value
valuation
Primary CGFT1
Collateral

Guarantee Existing & Proposed

Guarantor Amount Net worth (Rs/ lacs) *
Personal

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Corporate
Government
*Net worth value taken as per AFS as on/ CA certificate dt. Opinion sheet on
the net worth of the guarantors shall invariably be drawn.

Details of title search report and valuation report obtained from bank’s
empanelled lawyer /valuer to be mentioned as under:-

Title Search Name of the Remarks Confirmation

Advocate over
enforceability of
SARFAESI Act.
First Search Report NA
dated…….
Second Search Report NA
dated……..

(Rs. in lacs)
Valuation Name of the Market Value Distress Value
Valuer
First Valuation Report NA
dated……..
Second Valuation NA
Report dated…….

(Property description, property Identification /Registration No, extant

/measurement of land /building, nature of land such as Agriculture /Commercial
/residential etc., name of the title owners, as per Title Search report and
Valuation Report are to be compared & matched.)

(Government rates /Circle rates /Guideline Value of the property to be obtained

and compared with Value as per Valuation Report.)

(Search in ROC /CERSAI to be carried out to ascertain subsisting /prior charge,

if any, in favor of other Banks/ FIs, over the securities offered to our Bank.)

Computation of Asset Coverage Ratio:

(Rs. in lacs)
Total Value of security NA
Total Exposure NA
ACR NA
Collateral Coverage NA

Whether security is perfected: Yes/ No

If not, brief
reasons
Numbers of time

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extension sought

3. Financial performance during last 3 years:

(Rs in lacs)
F.Y. ended on Year-1 Year-2 Year-3 Year- Year-
4 5
Audited Audited Audited Est. Proj
Share Capital 1 14.9 1 22
2.80 6 13.26 6.97 .16
Tangible Net Worth 1 13.2 2 28
4.96 6 16.97 2.16 .10
Adjusted TNW (Net Of 1 13.2 2 28
Group Investment) 4.96 6 16.97 2.16 .10
Term Liabilities
1.50 - - - -
Net Block (Net Of Rev. Res) 1 11.8 1 11
0.34 3 11.83 1.83 .83
Non-Current Assets 1
- - 1.02 1.02 .02
Current Assets 10.4 2 30
7.28 3 15.90 4.56 .64
Current Liabilities 9. 1 15
1.16 00 11.78 5.25 .39
Net Working Capital 1. 15
6.12 43 4.12 9.31 .25
Gross Sales
40.59 40.78 60.66 75.82 83.4
Net Sales
40.59 40.78 60.66 75.82 83.4
PBDITA
3.29 3.49 5.29 8.09 8.84
Profit Before Tax
3.29 3.29 4.51 6.39 7.14
Profit After Tax
3.29 3.29 4.51 6.39 7.14
Gross Cash Generation
3.29 3.29 4.51 6.39 7.14
TOL/TNW 0. 0
0.18 68 0.69 0.69 .55
TOL/ Adjusted TNW 0. 0
0.18 68 0.69 0.69 .55
Debt/Equity
0.10 - - - -
Current Ratio 1. 1
6.28 16 1.35 1.61 .99
Interest Coverage Ratio 17.4 5
5 6.78 4.76 .20

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4. Credit Requirement:

Assessment of Working Capital under Turnover Method:

(Rs. in lacs)
Sl.No Particulars Amount
1 Estimated /projected sales for the FY ….
83.40
2 Working Capital Requirement (25% of
Sl.No. 1) 20.85
3 Borrower’s margin (25% of Sl. No. 2) 05.21

4 Eligible working capital limit (2-3) 15.64

Term Loan Requirement & Means of Finance

(Rs. in lacs)
Cost of Project Amount Means of Finance Amount

Cost of land & Building Promoter’s Capital

Cost of Plant & Machinery Term Loan
Cost of other Fixed assets
Margin Money of Working
capital
Provision for contingencies
Preoperative expenses
Total Total

Computation of DSCR:
(Rs in lacs)
Particulars EstimatedProj
d Proj Proj Proj

Net Profit
Interest on Term Loan
Depreciation & Pre-
operative
Total (A)
Payment towards Principal
Payment towards Interest
Total (B)
Debt service Coverage
Ratio (B/A)
Average DSCR

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Minimum DSCR

Non Fund Requirement

S. No. Parameters LC (I &F) /BG
1 Purpose
2 Beneficiary
3 Value
4 Margin
5 Tenor
6 Security
7 Retirement
8 Commission
9 Past experience
10 Overall Limit /TNW as on

5. Conduct of the Account:-

A. Operation in the Cash Credit /Overdraft Account :-
Particulars Year 1 Year 2
Max. Dr Balance
Min. Dr. Balance
Debit Summation
Credit Summation

B. Operation under LC/BG facility :-

Particulars Year 1 Year 2
No. of LC/BG issued
Amount of LC/BG issued
No. of LC devolved/BG
invoked
Amount of LC
devolvement/ BG
invocation

C. Availment of limit, overdrawing:

D. Routing of proportionate business in consortium, routing of sale proceeds:

E. Regularity in submission of CMA data/ financial statement/QMS/Stock

Statement:

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 Year1 Year2
Interest income
Commission earned
Processing Fees & other
income
Forex income
Total
F. The information regarding no. of cheques returned with amount involved
due to financial reasons during the review period should be mentioned:

G. The amount/frequency of irregularity in the account during the review period

should be mentioned:

H. Value of the Account/ Connection:

(Rs. in lacs)

6. A. Confirmation/ Compliances:

Sl.No Particulars .Remarks

1 Deviations, if any from usual norms/policy deviations
guidelines
2 Compliance of last sanctioned terms (Non Non compliance
compliance, if any to be discussed.)
3. Security documents are valid/duly yes
vetted/enforceable/date of last document
audit with comments, if any and steps
initiated for rectification
4. Proper charge on securities created (such as yes
date of execution of loan documents
(Individual/consortium),mortgage creation,
deposit of title deed, ROC charge registration
and CERSAI registration)
5 Payment of statutory liabilities no
6 Status of litigation against/by the company no
7 Date of last inspection by Bank’s
Officials (Adverse comments, if any and
steps initiated for regularization
of the same.)
8 Insurance details of charged securities

6. B. Compliance of Benchmark Financial Parameters as per Lending

Policy:

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 Parameter As per Lending As per Status of
Policy proposal compliance
Internal Credit
Risk Rating
Promoters’
contribution in the
Equity
TOL/TNW 3:1 0.69 :1
DER
Current Ratio
(without term loan
installments)
Average DSCR
Minimum DSCR
IRR
ACR /FCAR
Overall limit
(FB+NFB) /TNW

6. C. Pricing /Charges:
Particulars Rate as per Present Proposal Remarks
Bank’s guidelines
Rate of Interest on
TL/CC/ Export
Credit limit
Commission on
LC /BG
Processing
charges
Review charges
Documentation
charges
Supervision
charges
Commitment
charges
Penal Charges
Prepayment
charges

7. Recommendations & Rationale for Recommendation: (In bullet points)

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Signature of Recommending official Signature of Sanctioning official

Name of the Account:

TERMS OF SANCTION

Separate Term Sheet to be given for each facility, viz., Term Loan and Working
Capital Facility

1. For Cash Credit /Working Capital Demand Loan /Overdraft:

SL Facility CC/WCDL/OD
No
a Limit 15.00
(Rs. in lacs)
b Purpose Raw materials Purchase
c Margin 25% of the total project Cost
d Rate of Interest
e Tenor
f Repayment
g Security:
Primary Security Land & building Stock Book
Debt
Collateral Security CGSTME Scheme
Guarantee
h Any other terms No

2. For Term Loan:

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SL Facility Term Loan
No
a Limit
(Rs. in lacs)
b Purpose
c Margin
d Rate of Interest
e Tenor
f Repayment
g Security:
Primary Security
Collateral Security
Guarantee
h Any other terms

3. For Letter of Credit (LC) /Bank Guarantee (BG):

SL Facility Letter of Credit / Bank

No Guarantee
a Limit
(Rs. in lacs)
b Purpose
c Margin
d Commission
e Interest Rate in case of Devolvement of
LC /Invocation of BG
f Tenor
g Retirement
h Security:
Primary Security
Collateral Security
Guarantee
i Any other terms

4. Service Charges /Pricing (For all Facilities):

Sl Type of charges Amount

No
1 Processing Charges
2 Review Charges
3 Documentation Charges
4 Supervision Charges /Inspection
Charges
5 Commitment Charges
6 Penal Charges
7 Prepayment Charges
8 ROC charge

10
 9 CIBIL Charge
10 Any other Charge

5. Documentation:
(Document execution & security creation as per Documentation Policy
/Manual of the Bank)
6. Pre-Commitment Conditions, if any:

7. Pre-Disbursement terms of Sanction:

8. Special covenants, if any:

9. Mandatory Covenants:

1. The borrower should maintain adequate books of accounts, as per

applicable accounting practices and standards, which should correctly
reflect its financial position and scale of operations and should not radically
change its accounting system without notice to the Bank.

2. The borrower should submit to the Bank such financial statements as may
be required by the Bank from time to time in addition to the set of
statements to be furnished by the borrower to the Bank as on the date of
publication of the borrower‟s annual accounts.

3. In case of default in repayment of the loan / advances or in the payment of

the interest thereon or any of the agreed installments of the loan on due
date(s) by the borrower, the Bank and / or the RBI will have an unqualified
right to disclose or publish the borrower‟s name or the name of the
borrowing unit and its directors / partners / proprietors as defaulters / willful
defaulters in such manner and through such medium as the Bank or RBI in
their absolute discretion may think fit.

4. The Bank will have the right to share credit information as deemed
appropriate with Credit Information Companies (CICs) or any other
institution as approved by RBI from time to time.

5. The borrower should not induct into its Board a person whose name
appears in the willful defaulters list of RBI / CICs. In case such a person is
already on the Board of the borrowing company, it would take expeditious
and effective steps for removal of that person from its Board. Nominee
directors are excluded for this purpose.

6. In the event of default in repayment to the Bank or if cross default has

occurred the Bank will have the right to appoint its nominee on the Board of
Directors of the borrower to look after its interests.

7. In stressed situation or restructuring of debt, the regulatory guidelines

provide for conversion of debt to equity. The Bank shall have the right to

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 covert loan to equity or other capital in accordance with the regulatory
guidelines.

8. Bank will have the right to examine at all times the borrower‟s books of
accounts and to have the borrower‟s factories inspected, from time to time,
by officer(s) of the Bank and / or qualified auditors and / or technical experts
and or management consultants of the Bank‟s choice. Cost of such
inspection shall be borne by the borrower. M9. After provision for tax and
other statutory liabilities, unless expressly permitted otherwise, the Bank will
have a first right on the profits of the borrower for repayment of amounts
due to the Bank.

9. The borrower shall keep the Bank informed of the happening of any event
likely to have a substantial effect on their profit or business: for instance, if,
the monthly production or sales are substantially less than what had been
indicated, the borrower shall immediately inform the Bank with explanations
and the remedial steps taken and / or proposed to be taken.

10. The borrower shall keep the Bank advised of any circumstance adversely
affecting the financial position of subsidiaries / group companies or
companies in which it has invested, including any action taken by any
creditor against the said companies legally or otherwise.

11. The borrower will utilize the funds for the purpose they have been lent. The
borrower shall undertake to this effect in the format acceptable to the
Bank/lenders at the time of execution of loan documents on fresh sanction
and/or subsequent renewals. Any deviation will be dealt with as per RBI
guideline.

12. Promoter‟s shares in the borrowing entity should not be pledged to any
Bank / NBFC / Institution without our consent.

13. Each of the following events will attract penal interest / charges as
applicable at rates circulated from time to time, over the normal rate interest
applicable in the account.

14. For the period of overdue interest / instalment in respect of Term Loans and
over-drawings above the drawing power / limit in Fund Based Working
Capital accounts on account of interest / development of Letter of Credit /
Bank Guarantee, insufficient stocks and receivables etc.

 Delay in submission of stock statements defined as number of days as

per bank specific Policy.

 Non-submission of Audited Balance sheet within 8 months of closure of

financial year.

 Non-submission / delayed submission of FFRs, wherever stipulated,

within due date.

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  Non-submission of review / renewal data at least one month prior to due
date.

 Non-obtention of External credit risk rating from agency approved by

RBI.

15. In the event of default, or where signs of interest weakness are apparent,
the Bank shall have the right to securitize the assets charged and in the
event of such securitization, the Bank will suitably inform the borrower(s)
and guarantor(s).

16. The borrower shall deal with our bank / banks under consortium / multiple
banking arrangement exclusively, shall not open current account/s with any
other bank without our prior permission. The borrower‟s entire business
relating to their activity including deposit, remittances, bills / cheque
purchase, non-fund based transactions including LCs and BGs, Forex
transactions, merchant banking, any interest rate or currency hedging
business etc. should be restricted only to the financing banks under
consortium / multiple banking arrangement.

17. No consideration whether by way of commission, brokerage fees or any

other form, would be paid by the borrower to the guarantors for
guaranteeing the credit facilities sanctioned by the Bank to the borrowers.

18. Fund Based Limits both in Working Capital and Term Loan, should be
regulated through an Escrow Mechanism as agreed among banks to avoid
any kind of diversion of funds.

19. The Borrower shall submit on annual basis a declaration stating pending
litigations, if any, against the borrower entity / promoters / partners /
directors.

20. The Borrower shall provide the Bank with the net worth statements of the
guarantor(s) every year, supported with IT/WT returns, Balance sheet, etc.

21. The Borrower, at the time of loan documentation, shall provide declarations,
in Bank‟s / Lenders‟ approved format, in respect of compliance of Section
20 (1)(b) of BR Act, wherever applicable, as also compliance of RBI
regulatory & statutory restrictions on funding by the Bank to an entity where
any of the Bank‟s directors / senior officers / their near relatives are having
beneficial interests

22. Pursuant to mitigate additional capital requirement The Bank shall have the
right to treat the full or part of the undrawn limit as “unconditionally
cancellable” without prior notice in case (i) the borrower does not utilize the
facility fully or partly as per draw down schedule (for term loan &/or capex
LC) or during last six months (for working capital &/or line of credit), and/or
(ii) the borrower‟s creditworthiness deteriorates, and/or (iii) the borrower
fails to comply with terms of sanction.

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10. Consent Clause & Disclosure Clause:
(As per Appendix - A, Appendix - B, Appendix - C, Appendix - D and
Appendix - E as mentioned in Lending Policy.)

***

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