Post on 04-Jun-2018
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NOTE TO ASSISTANT GENERAL MANAGER, SMELF, SURAT
Fresh/Renewal/ Enhancement
OBSERVATIONS
Date of receipt ofproposal at SMELF
Date of receipt of fullclarification at SMELF
Date of puttin up tosanctionin Aut!orit"
#$%#&%'#() )#%#&%'#() )#%#&%'#()
Na*e of t!e Account + Ms% Sil- Mills
Branc! + International Business Branch, SuratReion . Surat./one + South Gujarat Zone
SE0TION I+ DETAILS OF T1E 2RO2OSAL
(%#% Gist of t!e 2roposal+To consider fres! sanction cre3it facilities for a period of ! months on terms and conditionsas detailed in "nne#ure $.
(%(
a To consi3er fres! sanction of t!e follo4in facilities%56 in
Lacs7
Li*its2urpose
E8istin2ropos
e3Inc%597Dec%5:7
2resent Os
O;er:3ues, ifan"
%ash%redit
&or'in(%apital
:: )*.++ )*.++ -- il
ac'in(%reditupto 0+da1s
cumFB/FB$2sance0+ da1s
&or'in(
%apital
-- !*+.++ !*+.++ --- I3
FB:Total
:: )'
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= a% To accept 3e;iations+2ara*eter As per Do*estic
2olic" Ban->sGui3elines
2resent case De;iation
----il---
c Mo3ifications+ Nil
3 0onfir*ations+ Nile To allo4 follo4in concessions+ Nil
f Ot!er issues+ Nil
(%' a Reference of e8istin sanction ot applica4le as new account. =% Aree*ent in principle rante3 on
ot "pplica4le
(%) A3:!oc sanctions*o3ifications 3urin t!e re;ie4 perio3 5in =rief7%SanctionsAut!Date Gist 5 in one line7
ot applica4le
'%# Basic Data+:"sset %lassification Fresh "ccountBan'5s %redit Ratin( Based on "BS6.+6.!+6
B7B * ,%%8 FR 6/ %R 9, %F%/ FB/FB$8 FR !/ %R 9.:Su4ject to ;alidation
Term 3oan .".Securit1 ";aila4le8rimar1
Term 3oan I3&or'in(%apital
9!.* 3acs :Estimated as on 6.+6.!+9eriod
9.) &hether listed firm8 presentmar'et uotation J *! wee'shi(h / low8 ot listed su4seuentto 4u1 4ac' of shares.
ot a listed compan1
9. 7ur Ban'5s in;estment in thefirm
il
9.0 &hether all clearance / appro;alsha;e 4een o4tained li'e ollution%learance
The acti;it1 of the firm is tradin( and e#port of ;alueadded art sil' cloths/ fa4rics which does not reuirepermission from G%B.
?%(# MaJor Inspection irreularities
%oncurrent "udit ot "pplica4le as fresh account.Internal "uditRBI InspectionStatutor1 "udit%redit "uditStoc' "udit%omment of %redit ?onitorin( $ept.
?%(( Au3itors Re*ar-s
"uditors of the firm.
Mualification remar's of the auditors
?/s. G.. Rai C "ssociates, %hartered "ccountants,Suratil
&hether statutor1 dues ha;e 4eenpaid
Les
%ontin(ent lia4ilities il7ther Remar's il
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*.A arameters Indicati;e?in/?a# le;el as per S?E
loan polic1
%ompan15s le;el as at
6.+6.6 6.+6.9"udited Estimated
i. %urrent Ratio .66 A.+6 .9+ii. $E Ratio :T73/T&< 9.*8 !.6 !.9*iii. $E Ratio :TT3/T&< 68 !.!A +.+!i;. ";era(e $S%R ot "pplica4le -- --;. ?inimum $S%R ot "pplica4le -- --;i. romoters contri4ution incl.
2nsecured 3oans;s.
+4
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5Rs% in lacs7Na*e of t!e
associateSales Net profit Tani=le net
4ort!0urrent
ratioDE ratio
5TOLTNC7
ear5Au3ite37
'#('
'#() '#(' '#() '#(' '#() '#(' '#() '#(' '#()
il
$%# USTIFI0ATIONS+
(7 0as! 0re3it+ Rs% $. )4++?+) and ;s. -(4.,( Lacs during .>. )4+)?+- res2ective&y.
3he firm has not avai&ed any #orking ca2ita& faci&ity and managing the business from their
o#n funds. 6o# as they are 2&anning for ex2ort of cotton yarn$ fabrics @ to#e&s$ they have
a22roached our !ank for sanction of #orking ca2ita& faci&ities.
Considering the 2ro2osed ex2ort activity$ the firm has estimated sa&es of ;s. +4*.44 Lacs
for .>. )4+-?+, out of #hich domestic sa&es is ;s. ,)*.44 Lacs and ex2ort sa&es of ;s.
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e8port li*its are to =e release3 strictl" aainst Letter of 0re3it for t!e first Si8 Mont!sti*e an3 after ettin e8perience of t!e o;erseas custo*ers confir* or3ers *a" =econsi3ere3 for release of pac-in cre3it%
Detaile3 assess*ent of 4or-in capital is i;en !erein after in Section II of t!isappraisal note%
(7 Ter* Loan+ NIL'7 Non fun3 =ase3 facilit"+ NIL)7 Ot!er Issue+ Nil
RE0OMMENDATIONS8-In ;iew of the for(oin(, we recommend to sanction fresh &or'in( %apital limits for a period of !months as indicated in Issue for %onsideration %olumn on terms and conditions detailed in"nne#ure- $ of this note and su4ject to the followin(8
2re 3is=urse*ent con3ition+
(% "ll the facilities are to 4e released onl1 after proper documentation, creation C re(istration ofeuita4le mort(a(e and the same to 4e ;etted 41 ?ana(er :le(al
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To endea;or for can;assin( 6rdpart1 products ;iK. India First 3ife Insurance amon( thepromoters and famil1 mem4ers.
To endea;or to cross sell the ;arious IT facilities/ products i.e. %redit %ard, $e4it %ard,Baroda connect, pa1ment of indirect ta# online, RTGS to promoters/ firm/ (roup.
Firm to desist from inter-firm transactions, onl1 (enuine trade transactions are to 4e allowedand there should 4e no inter-loc'in( of funds.
That the compan1 4rin( additional lon( term funds to meet with the repa1ment o4li(ationsof the Ban' in time, if there is ne(ati;e cash profit or positi;e cash profit is not adeuate toser;ice repa1ment o4li(ations of the Ban'.
The firm to maintain financial discipline and ensure that adeuate funds are a;aila4le in theaccount 4efore issuin( the cheue. The 4an' will ha;e the ri(ht to discontinue thesanctioned credit facilities in the e;ent of dishonor of 9 cheues of Rs..++ crore C a4o;eand/or A cheues of 4elow Rs. .++ crore durin( financial 1ear for want of sufficient funds inthe account.
Reco**en3e3
5Ra;i Mal!otra70!ief ManaerSME Loan Factor"$ate8
10
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Branc! International Business BranchBorro4er Na*e ?/s. Sil' ?illsBorro4er AS0ROM ID
Na*e of Fiel3AS0RO
M0ODE
Description
(
0onstitution
6)
PROPRIETARY CONCERN (PROPRIETOR -
MALE)
' Occupation )+9 Trader) Reliion ot $eclared :ot "pplica4le