Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Br Ref. No.
Date
SSIAnd/ADV/16-17/
Approval /
Decision
Noting /
Ratification
Information
HO Ref. No.
Date
MD & CEO
ED
Initial
Date
CREC has endorsed the recommendations of General Manager in its meeting held on
__________
________________
Branch: SSI Andheri east
Name of Account
CUST ID:
PAN NO:
1.
2.
Name of Account
Constitution
AUTO POWER
Proprietorship Firm
NA
3a
If Company/Partnership:
Date of Incorporation/Regn:
Commencement of
Operation (in case of Co):
Business/Activity
3b
4.
6a
6b
6c
6d
7.
9
10a
10b
Advances:
Previous
SBS -5
2
1
Investments:
Present
8. Asset code
11/
Standard
10c
10d
Management
If yes,
to our Bank:_____________%
to consortium:____________%
to other Bank/FI:__________%
Shares
held
% of
Shares
held
Shares
Pledged
% of
Share
pledged
Banks/FIs to
whom
pledged
Amount
Promoters
NA
i)
ii)
iii)
Institutional
Investors
B -FII
NA
C -Mutual Funds
D Public
E Total
The promoters having share more than 5% should be listed separately.
11 b. Banking Arrangement and Sharing Pattern:
Financial Arrangement
Working Capital
(Sole)
If not Sole Banking, Leader / Main Bank
Term Loan
0.50
0.00
Existing
Proposed
Existing
Proposed
Existing Limits
NFB
1 Bank of India
FB
TL
WC
0.00 0.50
TOTAL
1.00
1.50
Total
0.00
1.00
1.50
0.50
nd
100
2 Last year
FB
TL
WC
0.0 0.50
0
NFB
TOTAL
Share
%
1.00
1.50
100
0.0
0
1.00
1.50
0.50
Total Exposure
Last Year
Current Year
(including proposed)
1.50
Total Indebtedness of the Unit
with other Banks/FIs as per
CRILC Data search
Proposed Limits
Sha
re%
1.50
--
1.50
--
Actual
Ceiling
Remarks
Borrower
Group
Industry
% ) industry
:
:
:
:
:
2.
NBG Approval :
Renewal / Review
(i)
Renewal of CC facility
(ii)
Review of NFBL
14. FACILITIES:
Particulars
Position as on
Existing
Proposed
Inc./
Dec.
0.50
0.50
0.50
0.50
0.50
0.50
0.50
-
1.00
0.25
1.00
1.50
DL
Bal.
O/S
Over
dues
0.11
0.11
0.11
1.00
0.00
0.25
1.00
1.50
0.01
0.01
0.12
Proposed
Pricing/ROI/Comm.
Particulars$
Principal
Hypothecation of stock
Hypothecation of Book-Debts
Date
of
valuation
As per stock
statement of
April 2016
Total
1.44 1.44
0.20
(On full
utilization
of limit0
2.22
0.20
(On full
utilization
of limit)
2.22
2.22
3.86
2.22
3.86
Total Collateral
Total (Principal+Collateral)
Previous
Year
Our share
Last Year
Current
Year
3.83
1.48
2.57
1.48
Note : It should be specifically mentioned as to the facility for which such security is
available .
Assets
Name of Guarantor
Liabilities
Net worth
Basis
2)
3)
4)
5)
Particulars
Credit Turnover
Proportionate Sales (our share)
Average Balance
Maximum Balance
Minimum Balance
No. of times TOL/Adhoc Limit
allowed
Amount
6)
7)
Audited
Audited
( 2013-14) (2014-15)
Provisional Estimate
(2015-16)
(2016-17)
Projected
(2017-18)
In case of NBFC, Gross NPA, Net NPA and CRAR(Tier 1 & II) and Asset under Management (AUM) to be
given separately.
Up to Q1/H1/Q3/
(Current Year)
Up to Q1/H1/Q3/
(Last year)
Net Sales
EBIDTA
Net Profit
21.
This Year
Last Year
This Year
TNW as on
Add:
Less:
TNW as on
Components of TNW:
Particulars
21.2 NET SALES: Sales turnover of the firm has decreased from Rs814.81 lac as on
31.03.2014 to Rs579.59 lac as on 31.03.15 and further decreased to Rs482.68 lac
current financial year 31.03.16
10
21.3 OTHER INCOME : Other income of the firm has decreased from Rs5.05 lac as on
31.03.15 to Rs0.61 lac as on 31.03.16.As per CMA, firm has estimated other
income of Rs1.75 and Rs2.00 lac for the year ended 31.03.17 and 31.03.18.
21.4 PROFITS/PROFITABILITY: The net profit of the firm has decreased from Rs8.84 lac
as on 31.03.15 to Rs5.89 lac as on 31.03.16 .The same way EBITDA has
decreased from Rs16.36 lac to Rs13.49 lac during the same period. The decreased
in the profitability is mainly due to the decreased in the purchases amounting
.With increased sales in 2016-17,the profitability is likely to show a rise in the next
year with EBITDa showing a rise to
p.a
21.5 INVESTMENTS:
During FY16 firm has made investment of Rs
in Bank FDR,whicg is w
21.6 CURRENT RATIO:
Current Ratio of the firm was at 3.54 on 31.03.14,3.75 as on 31.03.15 and 3.61 as
on 31.03.16.The estimated and projection current ratio are 4.10 on 31.03.17 and
3.83 on 31.03.18 respectively. This shows the better liquidity position of the
firm .The ratio is above the bench mark level. Hence we may accept the same
21.7 DEBT EQUITY RATIO:
DER as on 31.03.14 was at 0.51, as on 31.03.15 was at 0.40 and current year
31.03.16 is 0.41.The estimated and projection DER are 0.32 and 0.33 as on
31.03.17 and 31.03.18 respectively. This shows the firm have better position to
repayment of debt .We may accept the same.
21.8 DSCR/ ISCR: No DSCR
21.9 NET BLOCK:
Net block of the firm has increased from Rs27.30 lac as on 31.03.14 to Rs73.56 lac
as on 31.03.15.the current financial year 31.03.01, the Net Block is further
increased to Rs102.46 lac. As per estimated /projections Net Block will be
Rs103.26 lac and Rs108.70 lac. The Net Block of the firm comprises Air
conditioner, computer, furniture and vehicle etc. The reason for movement in net
block is depreciation , which is done under WDV method.
21.10 CONTINGENT LIABILITIES: NIL
21.11 Segmental Reporting and Consolidated financials:NIL
21.12 STATUTORY AUDITORS REMARKS/QUALIFICATIONS:NIL
22.
Year
Sales
PBDIT
PAT
TNW
CR
Note: In case it is NBFC, please also give Gross NPA, Net NPA and CRAR for
respective years.
DER
11
2014-15
Audited
612.92
(Figures in lac)
2015-16 2016-17 2017-18
Audited
Audited
Audited
540.92
527.47
546.00
177.72
163.26
107.84
78.75
87.50
524.06
449.66
432.86
448.72
458.50
175.45
153.23
135.18
131.87
136.50
505.82
449.66
390.92
398.72
403.50
348.62
296.43
297.69
316.85
322.00
Particular/year
A
b
c
D
E
F
2013-14
Audited
current 701.78
Total
asset
Current
liabilities other
than bank
Working capital
gap(a-b)
Minimum
working
capital(25% of
a)
Actual/projected
working capital
c-d
12
c-e
MPBF(lower of f 18.24
& g)
Excess
Nil
borrowing,
if
any
18.24
0.00
0.00
Nil
41.94
50.00
55.00
41.94
50.00
55.00
Nil
Nil
Nil
e). Recommendation:
We recommend approval of assessment of WCFB limits at Rs.________ crore as
above with our share Rs.________ crore (______%age). (In case our percentage
share is decreasing or increasing, reasons for the same to be given.) We recommend
sanction of our share of WCFB limits as under:
In the view of above mentioned assessment the firm is eligible for Rs0.50crs &
Rs.0.55crs for FY17 & FY18 respectively .WCFBL as per assessment based on
2nd method of lending and acceptable holding level ,we recommended for
WCFBL limit of Rs0.50crs as under.
:
Sr.no
1
2
Facility
CC-Hyp of
stocks
CC-Hyp of
B/debt(up to 90
days only)
Total/Max(1+2)
Existing
0.50
Proposed
0.50
Margin
25%
0.50
0.50
40%
0.50
Specific approval be sought in case of extending credit limits to cover sales to asset
purchases from group company/ies with a cap stipulated. Approval be also sought for
allowing DP against receivables of group companies, advance paid to suppliers, stocks in
transit and unbilled invoices/revenues with justification.
25. NON FUND BASED LIMITS ASSESSMENT:
While making LC assessment for raw material, points to be covered broadly are - raw
material being purchased, out of which how much is being purchased under LC, from
where and from whom it is being purchased, whether indigenously or imported and
assessment to be made as under:
Assessment of Letter of Credit (L/C-I/F)/DP/DA:
a.
b.
c.
d.
e.
Rs.
Rs.
days
days
days
Rs.
13
Amount
14
2
3
4
5
6
7
8
9
10
(B)
(C)
(D)
(E)
(F)
(G)
Amount
Recommendations:
We recommend approval of assessment of NFB limits (LC/BG) at Rs.________ crore
as above with our share Rs.________ crore (______%age). (In case our percentage
share is decreasing or increasing, reasons for the same to be given.) We recommend
sanction of our share of WCFB limits as under:
15
Facility
Proposed
Existing
Amount
Margin (%)
Amount
Margin (%)
.this
26 b. INDUSTRY PERCEPTION:
The Indian auto-component industry is expected to witness a moderate growth in
sales during 2016-17 even as the domestic demand may be impacted by automotive
segment, specific growth rates in the short to medium term. While the export growth
potential remains significant during the medium-term, the ability of auto-component
player to capitalize on their strengths and overcome challenges assumes
importance .Going Forward the sustainability of the increase in ROCE will depend
crucially on demand growth and the effective utilization of capacities.
27. FAVOURABLE FACTORS (in brief):
1) The proprietress has several year of experience in the same business.
2) Firm has good base of customer.
3) Satisfactory Collateral coverage ratio at
RISK FACTORS AND MITIGANTS:
1) Existing as well as new manufactures in the same industry are the main
competitor and price fluctuation are the major risk factor.
2) Change in Government policies on service tax adversely impact the working
of the firm.
3) Business is solely depending on proprietress.
Mitigant:
1) Borrower is experienced enough to face the competition and take adequate
measures to control cost and prevent loss out of price fluctuation.
2) Vastness of the Indian Market.
(Existing)
Facility
WCFBL
NFB
-
Limit
0.50
1.00
1.50
16
AC/
CR
Limit
FB
Domestic:
1.Auto
Power
MNZ/
Andheri
SSI
New
A/c/
SBS
5
2.
Treasury:
1.
2.
Overseas:
1.
2.
Total
Total/
Max.
NFB
O/s
FB
Out of
Order
NFB
0.50
1.00
1.50
0.11
0.01
0.50
1.00
1.50
0.11
0.01
Borrower
Cap.
Actual
Group
Cap.
Actual
Currency
Exports
Hedged
Unhedged
Imports
Hedged
Unhedged
Trade Payables
Trade Receivables
Non-Trade @
@ Non-trade exposure to include ECB, FCCB, FCNR (B) Loans, etc.
Remarks and Mitigants for Unhedged portion of the exposure
Utilisation of :
25%
25%
17
Import Turnover
C
Earning
Interest
Other Income
Bills Purchased/ collected
LCs opened
Guarantees issued
Any other Income
Total
Yield (%)
Last Year
No.
Amt.
Earnings
No.
Current Year
Amount Earnings
Present
Arrangement with
Total
Volume
Our
share
(%)
Income
Earned
(Last.Yr)
Income
Likelihood of shifting
Expected to our Bank
(Curr.Yr)
Y/N
Timeline
CMS Facility
Salary
Tax/Excise
Collection
Dividend
Card Products
Other (Retail)
Other (3rd Party
Product)
Other (Specify)
Saving Bank
Current Deposit
Term Deposit
Total
Any other ancillary business of the company / group with us:
35 a. TARIFF:
18
Item
Rate of Interest
LC charges
BG charges
Processing/TEV
other charges
Applicable charge
Cash Credit
Present charges
Proposed charges
Cash Credit
and
36. AUDIT/INSPECTION/MEETINGS/CPA:
A
B
C
D
Last Date
Inspection
(Primary/Collateral)
Stock audit
NA
For FY:
Consortium meeting
NA
Any adverse comments of Statutory/
Internal/ Concurrent/RBI Auditors and
Borrower's Auditors
Closure of CPA (Authority & Date)
(comment
on
any
specific
direction/qualification, if any)
Insurance (Coverage, validity and
adequacy)
Remarks/observations
Satisfactory
NA
NA
NIL
CPA 2
37.1 CONFIRMATION:
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
Yes
Yes/No
Yes
Yes/No
Yes
No
Yes/No
No
No
Yes/No
19
k.
l.
M
N
O
P
Q
r
S
T
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Compliance
(If pending reasons
therefor and the road map
for its compliance)
Date by which it is
expected to be
complied
Financial
Remarks
Yes / No
20
Brief Background
Auto Power, a proprietorship firm, was established in 1990 with late Mr. Dinesh
Patel as its proprietor. It was re-established by Mrs. Parinda w/o Late Mr. Dinesh
Patel in Jan12 after the demise of the husband. she has god experience of
running the business with her late husband. The firm is involved in manufacturing
& disturbing of Ac and DC drives, Distribution Panels, Battery Operated
Vehicle, Digital panel Meter, Stabilizer and other Electrical Equipment. These
products are widely used in residential and commercial purposes. Its procures
21
material from its suppliers and gets the fabrication work done from other parties.
Once the fabricated parts are received in the factory, the engineer and technicians
work is done on it to produce final product. The work done in the firms factory
involves more of human expertise than the machine work.
The firm is an authorized dealer of Fuji Electrical, Japan and also having ISO
9001:2008 certificate.
The products of the firm are:
Battery Operated Electrical Vehicles: Its includes Battery Operated Vehicles
such as Electric Vehicles-4 seater, EVS 6 seater and rough Terrain EVS.
Electric Golf Carts: Its includes Golf Carts such as Electric Vehicle-4 seater,
Electric Vehicles, Electric Golf Cart Cars and Electric Golf Cart-6 seater.
Variable Frequency AC Drives: Its include Variable Frequency AC Drives such as
Frenic Mini,Frenic Multi,Frenic Eco Power Controllers, Frenic Mega, Frenic
speed controllers, Frenic 5000 G11 and many more items.
Industrial wireless Radio Remote Controllers
APFC systems
Fuji Servo System
Temperature controllers
Control Panels
Digital Panel Meters,etc.
The firm has its administrative office at 22,virvani industrial Estate,off.Western
Express Highway, Goregaon(East),Mumbai -400063.Factory of the firm is situated
at block no.97 & 98,plot mo.24 opp. Khodiyar Temple,Chacharwadi Vasna,Talukasanand district-Ahmadabad, which is owned by the sister concern of the firm viz
Auto Power Drives(India)
Mangement:
Ms. Parinda Dinesh Patel is proprietress of the firm ,has several year of
experience of running the business with her late husband. She managing business
efficiently after the demise of her husband .She oversees the overall management
of the firm. She id adequately conversant and has vast experience/numerous
contacts in this line of business
The proprietress is assisted by qualified and experience staff. Overall
management of the firm is satisfactory.
Detail of Group Companies and their financials (Sales, PAT, TNW, CR, DER).
Banking Arrangements.
The group concern of the firm namely Auto Power Drives(India) Ltd. Has not
started any operation due to death of Mr. Dinesh Patel. At present te Auto Power is
maintaining carious current a/c & EEFC a/c with HDFC and development Credit
22
bank, Which they have closed as per last proposal. They have requested for
allowing continuation of the CD A/c with HDFC due to tax payment. We may
agree.
Due Diligence :
Not applicable since existing account
CIBIL:
CIBIL reports of the proprietress firm and the guarntos generated and no
adverse remarks found
40.
I.
SANCTION of:
Limits
Existing
Term loan
Working capital (FB)
Non Fund Based
Total/Maximum Limit
0.50
1.00
1.50
Rs. in crore
Proposed
by ZO/Br.
0.50
1.00
1.50
Recommended by
HO
23
II.
APPROVAL FOR:
i)
ii)
III.
SUBJECT TO:
a) Pre-Disbursement terms and conditions
(i)
(ii)
b) Post-Disbursement terms and conditions
(i)
(ii)
c) All other terms and conditions proposed by Branch / ZO / NBG
41.
24
ANNEXURE -1
BRANCH:
ACCOUNT :
LIMITS PROPOSED
Nature of Facility
Fund
Limits
Existing
Proposed
Margin
Effective ROI/
Commission
Based
cc-stock
cc-Book debt
0.50
0.50
0.50
0.50
Non-Fund
Based Limits
L/C-I/F(DP/DA
up to 90days)
BG-Inland
1.00
1.00
0.25
0.25
We also confirm that the proposed terms/conditions have been discussed with the
borrowers and the same are acceptable to them. (In case of any disagreement, appropriate
comments should be offered.)
25
ANNEXURE - 2
BRANCH:
ACCOUNT :
SUPPLEMENTARY INFORMATION
Details of security (to be given facility wise - if common security is obtained for more than
one facility, suitable remarks to be incorporated)
PRINCIPAL SECURITY
Facility
Nature of
Security
Value of
Security
Date of
Valuation
Hypothecation
of stock
Hypothecation
of Book-Debts
1.44
As
per
stock
statement
of
April
2016
Date of
Creation of
first/Second
charge
In case of
pari-passu/
second
charge over
20%
Margin
for LC and BG
in the form of
Banks TDR
COLLATERAL SECURITY
Nature of
Security
EQM of Office
premises No
20,
Ground
floor, Virwani
Industrial
Estate, Off. W
E
Highway
bearing Survey
No 20, Hissa
No 7(p) & 8(p),
C T S No 62,
situated
at
village
Dindoshi,
Goregaon
East, Mumbai-
Owned by
Location
Valuation
Initial
Latest
Date
Date
10.06.20
13 by R
D
Ashtaput
re
&
Associat
es
Date of
creation of
first/secon
d charge
In case of
pari-passu/
second
charge over
26
400060
ANNEXURE - 3
BRANCH:
ACCOUNT :
SUPPLEMENTARY INFORMATION
STATUS OF SECURITY DOCUMENTS, ADEQUACY AND VALIDITY OF INSURANCE,
REGISTRATION OF CHARGES
S.No
1.
Particulars
Whether security
:
documents including the charge
documents are properly
executed and are in order
Validity of security documents :
Facility
3
4
5
Yes/No *
Existing limit
Yes/No *
Yes/No *
27
10
* If not, indicate irregularities and steps taken for rectifying the same.
ANNEXURE 4
Branch:
Group's liabilities with us (including this Borrower Company) ON GLOBAL BASIS
(Exposure at overseas branches may be mentioned in both domestic currency and Rupee equivalent) :
Name of Account
(last San. & Auth)
1.
Limits
Funded
NonFunded
2.
3.
Conduct of
Account
Asset
Code/
Credit
Rating
4.
5.
Our share
in
consortium
/ MBA
advance
6.
Our Investment
in Equity/Deb. &
CPs of the
Co./Lease
Finance
7.
Total
Exposure
in the
Co/Lease
Finance.
8.
Maximum
Exposure as
per norms *
9.
(Rs. in Crore)
Sales
PBT/
Sales
(%)
10.
11.
DER
CR
12.
13.
* (100% funded limits & investment in Equity/Pref. Shares/Debentures, Lease Fin., CPs, etc. plus 100% of Non-funded limits)
** (Bank's Norms : as per RBI guidelines
For Borrower : 15% (20% for infrastructure)of Bank's Paid up Capital & Free Reserves
For Group
: 40%(50% for infrastructure) of Bank's Paid up Capital & Free Reserves)
Annexure - 5
Checklist for sanction/approval of ____________
BRANCH/ZONE:
Date:
Sanctioning authority
(Credit Committee)
Category of Proposal
Asset code/Classification
Name of Project company/SPV/Borrower
Company/Firm
Name of Promoter/Group
Banking Arrangement
(Sole/Consortium/Multiple)
Lead Bank and its share
Our bank share
Status of Rating
-External(Date)
-internal(Date)
Total Project Cost
Total Debt
Existing/Proposed Loan from BOI
General Compliance:
S.N. Check-list
1
2
3
4
5
6
Compliance
Status
Yes/No
Remarks
30
Legal Vetting:
Vetting of security document by panel
advocate (Date of vetting in case of
existing accounts)
Status of compliance of existing
terms of sanction. If not, Complied
status to be given.
Due Diligence
S.N. Check-list
1
2
3
4
5
Compliance
Status
Yes/No
Remarks
31
Project Term Loan (as applicable except power and Road Sector Accounts):
S.N. Check-list
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Compliance
Status
Yes/No
Remarks
32
10
11
12
13
14
15
Particulars
Status (Yes/No)
Remarks
33
16
17
18
19
20
21
22
23
Whether
the
Environment
Clearance has been obtained
Whether there is any deviation
with reference to guidelines, if
yes, whether the same has been
clearly indicated
Solar / Wind Power Project
(Additional for the sector)
Status of Land Acquisition
a-Defence Land
b-Forest Land
c-Connectivity and location
Insolation Studies in case of
Solar/wind Studies in case of
Wind Power carried out
Whether the site where solar
power project is being setup has
been identified by Ministry of
New and Renewable energy
(MNRE). Solar energy Centre
and renewable energy ministry
of
the
respective
state
governments (Solar Project)
Whether the site where windmill
project is setup has been
identified by Ministry of NonConventional energy Sources/
C-WET (Centre for Wind Energy
Technology) (Wind Mill Project)
Transmission
Project
(Additional for the sector)
Whether Transmission Service
Agreement has been executed
Whether EPC contract executed
Major supplier of equipment
India/Chinese/Others
34
3
4
5
6
7
8
9
Particular
Status (Yes/No)
Whether
Sole/Consortium/Multiple
In case of consortium,
whether assessment as done
by Lead Bank has been
approved by consortium
Whether Lead Bank has
approved enhancement as
per assessment
Whether
all
the
items
considered
for
arriving
drawing power has been
proposed/approved
Remarks
Officer-Credit Department
PF No:
Head Office Comments:
Verified by
Approved by
35
GLOSSARY:
Short Name
AC
ACR
BEP
BC
BG
CAP
CR
CCR
CPA
COD
COP
DER
DSCR
DL
ECB
FCL
FACR
FBL
FITL
FG
IRAC
IRR
ISCR
JLF
LC
LOC
MPBF
MOF
NFBL
NWC
PAT
PCFC
PUC
PG
ROI
SMA
SDR
STL
TL
TNW
TOL
UFCE
WC
WCDL
WCTL
Abbreviation
Asset Code
Asset Coverage Ratio
Break Even Point
Buyers Credit
Bank Guarantee
Corrective Action Plan
Credit Rating / Current Ratio
Collateral Coverage Ratio
Credit Process Audit
Commercial operation Date
Cost of Project
Debt Equity Ratio
Debt Service Coverage Ratio
Drawing Limit
External Commercial Borrowing
Foreign Currency Loan
Fixed Assets Coverage Ratio
Fund Based Limit
Funded Interest Term Loan
Financial Guarantee
Income Recognition Asset Classification
Internal Rate of Return
Interest Service Coverage Ratio
Joint Lenders Forum
Letter of Credit
Line of Credit
Maximum Permissible Bank Finance
Means of Finance
Non-Fund Based Limit
Net Working Capital
Profit after Tax
Packing Credit in Foreign Currency
Paid up Capital
Performance Guarantee
Rate of Interest
Special Mention Account
Strategic Debt Restructuring
Short Term Loan
Term Loan
Tangible Net Worth
Total Outside Liability / Temporary Over Limit
Unhedged Foreign Currency Exposure
Working Capital
Working Capital Demand Loan
Working Capital Term Loan
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WCFB
WCNFB