Request letter Corrective / Active Plan for MSME account stressed due to COVID

{Under RBI’s restructuring policy dated 06.08.2020}

(For existing exposure above Rs. 10 lakh) (To be obtained from borrower)

Date: 17th Mar, 2021

To
The Branch Manager
Indian Bank
M G Road, Ernakulam

1. Brief Profile of theborrower

1.1 Name of the Enterprise / Borrower The Devicolam Distilleries Limited
1.2 Chief Promoter Mr. Clint Martel Wilfred
1.3 Constitution Public Limited
1.4 Date of incorporation 29th July, 1938
1.5 Date of commencement of operations 2003
1.6 Address / Location of the unit / factory Door No: 9/764, Parakkamuga,
Kusumagiri, Kakkanad, Kochi /
Ernakulam, Pincode:682030
1.7 Line of activity Manufacture and Export of I M F L
1.8 Whether unit is functioning to its full YES
capacity
NA
If No, reasons and steps taken for full
capacity utilization
1.9 Impact of COVID-19 Company remained closed for about
90 days in 2020
Even from July, 2020 manufacturing
is at a slow pace (30% to 40% down)
Had to face hardship in retaining
labour
Revenue went down due to paucity
of funds and insufficient orders from
customers
COVID-19 being a world level
pandemic, only marginal level of
export orders materialize
Payment of wages to labour with no
comparable revenue will be reflected
in the current year results with a
book loss and not a cash loss.
1.10 Whether unit is classified as MSME as per
Yes
old norms (prior to 30.06.2020)
If yes, type (Micro/Medium/Small) Medium
1.11 PAN AABCT4046M
1.12 Whether GST No is applicable Yes
If yes, GST No 32AABCT4046M1ZC
If No, reason for exemption NA
1.13 Details of Proprietor / Partners / Directors
Name and Address PAN/DIN % of
Designation shareholding
1.13.1 Mr. Clint Martel Wilfred Puthenpurakel House, ABNPW6970H 56.62%
Nazareth,
Mattancherry,
Ernakulam Kerala -
682002
1.13.2 Mr. Clive Melini Wilfred Puthenpurakel House, ABOPW1317K 37.57%
Nazareth,
Mattancherry,
Ernakulam Kerala -
682002
1.13.3 Mrs. Leelamma Wilfred Puthenpurakel House, ABUPW4216B 5.81%
Nazareth,
Mattancherry,
Ernakulam Kerala –
682002
1.13.4 Mr. Cartina Stanley Cee Cee Villa, NA NIL
Puthenpurakel House,
Nazareth,
Mattancherry,
Ernakulam Kerala –
682002
1.13.5 Mr. Vijay Burman Outram Street 63, NA NIL
Shakespeare,
Sarani, Kolkata-
700016
1.14 Existing Banking arrangement Sole banking / Multiple Banking
/ Consortium
PAN not given for the last two Directors as they Sole Banking with Indian Bank
are having no shares / stake in the company.

2. Existing liabilities with Banks /FIs:

2.1 With Indian Bank (Date of Sanction/renewal: )
Balance Balance Acco
Sl Account 01.03.2 01.03.2 unt
No. Facilit No. Limit 0 1 Statu Security
y (Crs) (Crs) (Crs) s
(with
over
dues(
if
any)
2.1.1 OCC 869374230 6.00 5.94 5.33 Stocks, Receivables,
Standard/ Machiney, EM Factory
Active Land & Building of
value not less than Rs
42 crs)
2.1.2 Stocks & Receivables
EPC 6338675558 2.00 0.41 NIL Standard/
Active
COVID EM – Factory Land &
 Loan 688782427 1.27 NIL 1.37* Building of value not
Standard/ less than Rs 43 crs
Active extension

 Includes COVID moratorium interest amount of Rs 9.80 lakhs which has been fully
repaid on 15th March and there is no interest outstanding on account of COVID Loan. Bal
as on 17th Mar is Rs 127.05 lakhs.

2.2 With Other Bank/s / FIs (Date of Sanction/renewal: )

Overdue Account
Sl
Facility Limit Balance / since status Security
No.
when
2.2.1 NIL NIL NIL
2.2.2 NIL NIL NIL

2.3. Whether the account has beenrestructured earlier: No

3. Details ofGuarantor/s
Name Address PAN Occupation
3.1 Mr. Clint Martel Wilfred Puthenpurakel House, ABNPW6970H Business
Nazareth,
Mattancherry,
Ernakulam Kerala -
682002
3.2 Mr. Clive Melini Wilfred Puthenpurakel House, ABOPW1317K Business
Nazareth,
Mattancherry,
Ernakulam Kerala -
682002
3.3 Mrs. Leelamma Wilfred* Puthenpurakel House, ABUPW4216B NIL
Nazareth,
Mattancherry,
Ernakulam Kerala -
682002

 As Mrs. Leelamma Wilfred being the mother and head of WILFRED Family with age
exceeding 60 years as well as the pandemic threat to elderly people is restricting
herself to peacefully remain at home and is not actively taking part in family
business. Also she holds only 5.8% of the shares of the Company with the
remaining 94.2% held by her two sons. As such DDL is requesting the bank to
relieve her from the guarantorship from now onwards. Existing collateral
securities will be more than sufficient to cover the facilities requested now. Hence
we request the bank to waive the personal guarantee of Mrs. Leelamma Wilfred.

4. PresentRequest
4.1 Present Request Restructuring: Reduced W C
Facilities with new Term Loan
Period: 5 yrs (60 EMIs) – New
Term Loan

4.2 Reasons
4.3 Details of orders in hand
4.4 Sales during the current
financial year upto the date of
submission of application
Of which reflected in the GST
return.
4.5 In case of OCC,
4.5.1 paid stock as on date
4.5.2 Age-wise Book Debts
4.5.3 Age-wise creditors for stock
4.6 Details of statutory dues
remaining outstanding
4.7 Remedial measures sought,
action plan and time frame to
justify the action plan.
4.8 Additional securities proposed Extension of EM already created by the bank over the
factory land and building of DDL apart from
Holiday Period: 12 months
For acquiring new assets (machinery, equipment and
civil works)– Invoices attached – Details of asset
addition given in this application as a table)
Mainly supplies IMFL to KSBC (60%),Defence Depots
(10%) and balance to Exports.
Rs.11.48 crs till the end of Jan, 2021. (Rs 2.50 crs may
be added for Feb and Mar, 2021 to know full year
revenue)
GST paid upto date.
Rs.5.97 crs
(copy of latest stock statement to be
attached)
Rs 5.14 crs
(copy of latest Book Debt statement duly
certified by auditor to be attached)
Rs.0.86 crs
As on 31st Jan, 2021
No statutory dues are pending (except some claims
from tax authorities under dispute)
1. Request you to cancel the EPC/FBN/FBP
facility of Rs 2 crs as export orders may not
materialize in the immediate vicinity of time
frame
2. Renew the existing OCC facility of Rs 6 crs as
it is and sanction EPC/FBN/FBP of Rs 1.25 crs
as a sublimit of OCC so as not to miss-out any
export opportunity that may materialize during
the year 2021-22,
3. Waive the personal guarantee of Mrs.Leelamma
Wilfred considering i) her old age inlight of
pandemic problems, ii) minority shareholding
in the Company (5.8%) and iii) her non-active
in business status
4. Sanction MTL of Rs.1.25 crs with 20% margin
for acquiring assets totaling Rs 1.56 crs with an
initial holiday period of 12 months and
repayable over 60 EMIs thereafter at a lower
rate of interest for an MSME in COVID
conditions. Invoices for assets are attached to
this request letter.
 hypothecation of existing plant and machinery of DDL
as on date of total value not less than Rs 43 crores for
facilities of Rs 8.50 crs with a coverage of 500%.

I / we hereby certify that all information furnished by me / us is true, correct and

complete to the best of my / our knowledge and belief. I / We shall furnish all other
information that may be required by Bank in connection with my / our application. The
information may also be exchanged by you with any agency you may deem fit.You, your
representatives or any other agency as authorized by you, may at any time,inspect/
verify my / our assets, books of accounts, etc. in my / our factory / business premises.
You may take appropriate safeguards / action for recovery of Bank’s dues.

Signature of Borrower/s Signature of Guarantor /s

Place: Place:
Date: Date:

Acknowledgement copy
Office copy:
Received from Mr / Ms/ M/s. anapplicationdated for
corrective action plan under restructuring ofMSME

Date: BranchManager