APPRAISAL MEMORANDUM

CIRCLE : N.E.Circle,BRANCH : Dawrpui – 4809

1.a) Borrower’s ProfileName : M/S V.LALLIANA & SONSAddress : New Market, Aizawl

Ph – 2324923 (S),Ph – 2321914 (R)

Segment : C & I (Trade & Services)

Constitution : Proprietorship

Name of Proprietor : Mr.V.Lalliana and Address New Market, Aizawl

Ph – 2324923 (S),Ph – 2321914 (R)

IRAC Status : Standard.

Industry : Trade & Services

Activity : Dealer in sales of hardware goods & paints.

Date of Incorporation : 1964

Banking with us since : 1975

Banking Arrangement: a) Existing Connection - Cash Credit limit of Rs.25.00 lacs b) New Unit : No.c) If takeover, whether all norms complied with : Does not arise

b) Brief Background : The Unit is a proprietorship concerned with Mr.VLalliana as a proprietor, established in 1964 dealing in sales of hardware items and paints at New Market, Aizawl.

In the initial stage, A Cash Credit limit of Rs.3.90 lacs was sanctioned to the firm in the year 1985 vide Regional Office, Shillong letter No.29/70 dt,18.02.1985. The business growth during the last ten years was good and the profit also grew steadily. Hence, the limitb was enhanced to Rs.20.00 lacs vide Regional Office letter No. 2/599 dt. 17.05.2003.

c) Brief condition of company The Unit is classified under Trade & Services sector. The Unit is one of the oldest saler of hardware goods & paints in the city and the location is the best place for line of business in the city. Besides, the unit is well-established and having good reputation in the market.

d) RMD Advisory dated :Qualitative approach :Quantitative approach :

Comments :

e) Indebtedness/Exposure & Capital Charge:Company Group Proposed Exposure

Indebtedness Existing Proposed Existing Proposed Credit conversion factor

Risk weight

Fund based 25.00 25.00 - -Non Fund Based - - - -

-

TOTAL (Indebtedness) 25.00 25.00Investment - - - -Leasing - - - -TOTAL(Exposure) 25.00 25.00 - -Capital Charge for Total Exposure

2. PRESENT PROPOSAL :a) Sanction of Fund Based Working Capital limit of Rs.25.00 lacs

This proposal falls within the powers of the Chief Manager as Fund Based Total Indebtedness is Rs.30.00 lacs(non-corporatte)

b) Credit Limits(Existing and Proposed (Rs.in lacs)Existing Proposed Change

Limits SBI % Total Cons/MBA

SBI % Total Cons/MBA

SBI Total Cons/MBA

FBWC 25.00 25.00 - -TLsTOTAL FB 25.00 25.00 - -LCBGTOTAL NFBTOTALFB + NFB

25.00 25.00 - -

c) SHARING PATTERN: (Rs.in lacs)Financial Arrangement : Sole Banking/Consortium/Multiple BankingLead Bank :

FB NFB TOTALSBI 25.00 - 25.00Ass. Banks - - -SBI Group - - -Other Banks - - -

T O T A L 25.00 - 25.00

3.PERFORMANCE AND FINANCIAL INDICATORS: (Rs.in lacs)Last 2 yrs.

ActualsCurrent

YearNext Year

Q/HY results as on

2009 2010 2011 2012 Prev.Yr. Current Year

Install cap.Qty. - - - -Net Sales Qty. - - - -Net Sales (value) 297.11 313.21 330.00 350.00 SalesExports - - - - (Exports

)Operating ProfitPBT 10.79 12.40 14.00 15.60PBT/Net Sales 3.63 3.96 4.24 4.46PAT 10.79 12.40 14.00 15.60 PATCash Accruals 11.13 12.69 14.24 15.81PBDIT 14.08 15.52 17.24 18.91 b.Industry Exposure as on

PUC 52.21 55.57 60.87 65.00 FBLTNW 55.57 60.87 65.00 69.00 NFBLAdj.TNW 51.54 56.61 59.30 62.80 TotalTOL/TNW 0.51 0.43 0.45 0.43TOL/Adj.TNW 0.55 0.46 0.49 0.48Total CA 72.93 75.92 81.80 86.52Current Ratio 2.57 2.91 2.82 2.88

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NWC 44.51 49.87 52.80 56.52

Comments : Sales : Net Sales was Rs.297.11 lacs last year with an increase in 94.91% from 2009. The firm’s projected turnover Rs.350.00 lacs for March, 2011 (20.49% increase) is considered to be achievable in view of past performances and proposal for enhancement of Cash Credit limit from Rs.10.00 lacs to Rs.25.00 lacs.

Profitability : The PBT/Sales projected at the level of 4.46%. The net profit and Net Working Capital are expected to increase over the years due to retention of profit. Therefore, the projected level of profitability is considered acceptable. TOL/TNW : The projected ratio is well above the benchmark and is acceptable. The is no outside borrowing except sundry creditors as well as advance received from customers.Current Ratio : The projected ratio is also well above the bench mark and the position is considered acceptable.

c) Movement in TNW (Past three years): (Rs. in lacs) Audited31.03.08

Audited31.03.09

Audited31.03.2010

Opening TNW 48.25 52.21 55.57Add PAT 10.20 10.79 12.40Add. Increase in equity/premium - - -Add/Substract change in intangible assets - - -Adjust prior year expenses - - -Deduct Divident Payment 6.24 7.43 7.10Closing TNW 52.21 55.57 60.87

4. RISK ASSESSMENT : a) Credit Rating

Borrower Rating Facility RatingWorking Capital Term Loan Facilities Existing Proposed

Exist. Pros. Exist. Pros. Hurdle rate

CRA SB-2 SB-1 Cash Credit

SB-1

CRISILICRAOthers

Existing ProposedCRA based on audited balanced sheet as on - 31.03.2010Validated on

b) Risk and mitigating factors :Critical risks preceived Mitigating factors

Due to location of shop is in the main heart of the city and financial crisis in the state, there can be traffic problem and decrease of purchasing power of the people and therefore sales may not be upto the level of estimated..

The items dealt with is essential commodities for our life and demand could not be increased even though financial crisis in the state. Besides, the unit is well established and having good reputation in the market.

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c) Warning signals/Major irregularities in Inspection Report/Credit Audit/Other Reports

Reports Warning signal/Major Irregularities

Comments

I/A Audit Report Nil NilCredit Audit ReportsOther Audit ReportsQualification if any, in Auditors report

d) SECURITY :Details Valuation & basis of

valuationDate of valuation /

Opinion ReportPrimary Security Hypothecation of

hardwares & paintsAudited statement & personal inspection

Collateral Security

1 )Equitable of landed property owned by Mr. V.Lalliana at New Market, Aizawl under LSC No.AZL.76 of 1969, market value of Rs.47.78 lacs2) Lien on STDR for Rs.10.00 lacs

Valuation done by Bank’s Empanelled valuer

……………

Rs-47.78 lacs

Guarantee Vanthangpuia,Dawrpui, Aizawl

Opinion Report …………..

Collateral Coverage %

For SBI 100%For Others

e.) Changes in security if any, Justification: Not applicable

4. PRICING :0.75% above SBAR 11.75%wef 29/06/2009 Minimum -12.50%

a) Conduct of Account : (Last Year)No.of occasions Average period for

regularisationIrregularity report last submitted on

Irregularity inWorking Capital

Nil Nil Nil

Comments : - - -Irregularity inTerm Loan

- - -

Comments - - - Utilisation of limitsFB Limits Average Utilisation 90%NFB Limits Average Utilisation %

b) Income Analysis : (Rs in lacs)S B I

From Estimates(Last Year)

Actuals(Last Year)

Estimates(Current Year)

WC Int. - 0.79 3.00 -

TL Int,. - - -LC - - -BG - - -Bill - - -Forex - - -Others - - -Interest & Other Charges as per latestBalance Sheet dated 31.03.2010

SBI Share Amount and percentage

Interest

Other Charges

SBI Share Amount and percentageRs.0.79 lac is SBI (100%) as Interes on Cash Credit account

c) Other Bank’s/FIs PricingExisting Proposed

Term Loan Nil NilWorking Capital Nil Nil

d) Proposed Pricing :ITEM Existing Rate Card rate Proposed Rate

Int. on WC SB-1Int. on TL -Processing fee Rs.17,500Commit chargesUpfront feeLCBG

Justification for concessions already extended/propose(mention about cost benefit)

6. LOAN POLICY : DEVIATIONS AND COMPLIANCE :a) Whether names of promoters, directors, company, group concerns figure in defaulter/willful defaulters listRBI defaulters’ list dated : NoName of the Director Default in connection

with:(Name of the company)

Not applicable

Justification for considering continuation/enhancement in facility

Does not arise

Willful defaulters’ list dated : NoName of the Director Default in connection with:

(Name of the company) Not applicable

Justification for considering continuation/enhancement in facility

Does not arise

ECGC caution list N.A.CIBIL N.A.

b) Deviations in Loan Policy :Parameters Indicative

Min/Max. levelCompany’s levelas on 31.03.10

1. Liquidity Min. 1.33 ……2. TOL/TNW Max. 3.00 0.433. Average gross DSCR (TL) Min. 1.7 -4. Debt/Equity Min. 2:1 -

-

5. Promoter’s contribution to the project (TL

Max. 20% 25%

6. Prudential Norms -7. FB exposure to the industry -8. Substantial exposure : Borrower -9. Substantial exposure : Group -

10. Others -

c) Deviations in Take over norms and comments : Not applicable

d) Directors of the borrower company are relatives(scope of the terms ‘relative as defined in RBI Master Circular on loans and advances – Statutory and other Restrictions) of any members of the Bank’s Board/Senior Officer of the Bank/Member of any other Bank’s Board -

No

e) Compliance with Section 20 of the Banking Regulation Act : Whether any of the Directors of the Bank is Director of the borrower company or is having any interest in the same :

Not applicable

7. a) Future Plans & Business potential (ver a 3-5 Year horizon) including Cross Selling/Retail Marketing based on Co./Group future plans (to be quantified)

I t e m s Present Position – Whether Tie-Up ?

(Yes/No)*

BusinessEstimated.

i) Corporate Salary Packageii) P Segment Loans

a) Housingb) Auto Loansc) Personal Loans

iii) SBI Credit Cardiv) SBI Lifev) SBI Mutual Fundsvi) SBI Vishwayatra Foreign Travel Yatra Cardsvii) Vendor/Dealer Financeviii)

Any Other(specify)

b) Environmental and sustainability implications : Does not arise

c) Earlier terms of sanction : compliance status : Does not arise

d) Statutory dues/Other contingent liabilities :Dues Level (Rs.in lacs) Impact on financial position

Statutory Dues NilContingent Liabilities Nil

8. a) Justification for the proposal : (Only bullet points)

Subject to the following, the proposal is considered a fair banking risk keeping in view of the following :

a) The promoter, Mr. V.Lalliana is maintaining good credit in the market. The family is also well-established.

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b) Sufficient collateral security will be available to cover our exposure in the form of landed properties and personal guarantees.

c) There is a good demand for the products as the items dealt with is essential commodities in our life and market competition is not tough in this line.

d) The Unit is a well-established with proven track records.

b) Recommendation for saction/approval In view of the above, I recommend for sanction of Cash Credit limit of Rs.25.00 (Rupees twenty

five lacs only)under C&I segment for a period of one year.

ASSESSMENT OF WORKING FACILITIES

a) Inventory & Receivable level : (Months/Days)Inventory/Payments Actuals Estimated Projected

Raw Materials - - --Imported - - --Domestic - - -SIP - - -FG 55.30 56.00 57.00Receivables 19.37 24.20 28.00Sundry Creditors - - - - Import - - - - Domestic - - -

b) Assessed Bank Finance :

Assessed Bank Finance Actual Estimated ProjectedYear 2010 2011 2012TCA 75.92 81.80 86.52OCL 3.85 4.00 5.00WC Gap 72.07 77.80 81.52NWC 49.87 52.80 56.52BF 22.20 25.00 25.00NWC/TCA(%) 65.69 64.55 65.33FB/TCA(%) 29.24 30.56 28.90OCL/TCA(%) 0.00 0.00 0.00

c. Assessment of EPC/FBD limits : Not applicable

d) Computation of LC Limits for WC : Not applicable

Annual RM Cons.under LC -Monthly RM purchases -Usane -Lead time -

-

L/C limit required -Recommended LC limit -Documentary : Non Documentary

e) Assessment of BG limit :Outstanding BGs as on….. Not applicableAdd : BGs required during the period……. Not applicableLess : Estimated maturity/cancellation of BG During the period………..Requirements of BGsRecommended BG limitFinancial :

f) Efficiency ratios :Particulars A A(E) E P

Net Sales to Total Tangible assets(times) 3.60 3.51 3.54PBT to Total Tangible Assets (%) 14.27 14.89 15.76Operating Cost to Sales(%) 96.28 96.00 95.83Bank Finance to Current Assets(%) 29.24 30.56 28.90Inventory + Receivables to Net Sales(days) 0 0 0

g) Fund Flow Analysis:For the Year 2009 2010 2011 2012Long Term Sources 15.48 16.39 19.83 20.18Long Term Uses 11.64 10.69 16.61 16.23Long Term Surplus 3.84 5.70 3.22 3.95

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TERM & CONDITIONS

CIRCLE : N.E.

COMPANY : M/S V.Lalliana & Sons

A. Security Facility : Cash Credit

Primary : Hypothecation of entire stocks, receivables, inventory and all other current assets of the unit both present and future.

Collateral : 1)Equitable of landed propertyowned by Mr. V.Lalliana at New Market, Aizawl under LSC No.AZL.76 of 1969, market value of Rs.47.78 lacs

.2)Third Party guarantee of Mr.Vanthangpuia, Prop: of M/S Life Drug Centre, Upper Bazar, Aizawl whose Net at Rs 52.00 lacs.

3) Pledge of STDR No.626687. dt. 25.03.2004 for Rs. 5,00,000/- in the name of Mr. V.Lalliana, A/C No. 10276826539, Amount of Rs. 7,12,088

B. ECGC COVER : Not applicable.

C. MARGIN :Cash Credit Existing Proposed

RM : Domestic - 25% : Impoted - -SIP - -FG - -Receivables(Cover 90 days) - -Letter of Credit - -BG - -

D. RATE OF INTEREST : Facility : Cash CreditCRA : SB-2Pricing : SB-1

E. INSURANCE : To be done for market value covering all Insurable risks

F. PROCESSING FEE : Processing Fees to be realized @Rs 500 per lacs

G. INSPECTION : Inspection to be done at monthly irregular Interval.

H TERM LOAN MARGIN : Not applicable

H. i) Repayment Schedule : Not applicable since repayable on demandii)Repayment to start from : Not applicable since repayable on demand

-

I. OTHER CRITICAL COVENANTS :

i) Loan will be disbursed after completion of all formalities.

ii) Equitable mortgage and Equitable Mortgage on LSC will be created free from all defects.

iii) The applicant will bank only with SBI

iv) Stock statement should be submitted monthly.

FEEDBACK REPORTName of Firm : M/S V.LALLIANA & SONS

EXISTING CONNECTIONS

1.a. NATURE OF PROPOSAL: Renewal at existing level/ with enhancement

1.b. Date of receipt of application with CMA data at the branch: N.A.

2. Facilities sought

(Rs. in lacs)

FacilitiesExisting Proposed Change

(+ / -)

CASH CREDIT- (HYP)

- (BOOK DEBTS)

25.00 25.00 -

WCDL Nil. Nil. NIL

EPC/ PCFC NIL NIL NIL

EBD/ EBN NIL NIL NIL

DDP (Cheques) NIL NIL NIL

(Bills) NIL NIL NIL

Term Loan Nil. NIL NIL

Letter of Credit NIL NIL NIL

Bank Guarantees . Nil.

Others NIL NIL NIL

[In case of Consortium/MBA, details of the existing/ proposed limits with individual banks, facility wise]

3. Indicative change sought in the existing terms and conditions (Only change from existing terms and conditions of

sanction need be mentioned):

a. Primary Security Hypo. of stock-in-trade(LPG)

b. Collateral Security (if any) * Equitable of landed property owned by Mr. V.Lalliana at New Market, Aizawl under LSC No.AZL.76 of 1969, market value of Rs.47.78 lacs

c. Personal Guarantee Third Party guarantee of Mr.Vanthangpuia, -

Prop: of M/S Life Drug Centre, Upper Bazar, Aizawl whose Net at Rs 52.00 lacs..

d. Pricing (Facility wise) Dispensed with SBI Trader’s Easy Loan

e. Margin Cash Credit-25%

Bank Guarantee –…na..%

f. Upfront/ processing fees Existing -Rs. 20,000

Proposed – Rs.25,000

g. Repayment terms/ tenor in case of Term Loan

DNA

h. Special conditions, requirement of the Co.

DNA

i. Details of reset of interest rates in respect of existing TLs including date of last reset

DNA

j. Whether any modifications in the standard covenants are required and if so, details.

DNA

* Details of existing collateral security furnished under item 10

4.a Income Analysis (Borrower) (Rs. In lacs)Estimates (2009-10)

Actuals (2009-10)

Estimates (2010-11)

Projections(2011-12)

Working capital interest 2.00 2.29 2.80 3.00

Term Loan interest - - - -

Income from LC

Income from BG

Income from Bills

Processing charges 0.10 0.15 0.15

Upfront fees

Commitment Charges

EM Creation/extension charges - - 0.15 -

Exchange earned from

remittance business

Commission from cross selling

(SBI Card/SBI Life/SBI Mutual

Funds/New India Assurance

Forex business - Sales - Purchase - Derivative products turnover - RemunerationOther Income (Please specify)

-

4.b VALUE OF THE GROUP: (Rs. in lac)

Estimates(2008-09)

Actuals(2008-09)

Estimates (2009-10)

Interest

Exchange

Commission

Other Income

Forex business - Sales - Purchase

4. c. Quarterly / Half yearly cumulative performance (For existing unit): (Rs. in lac)

Up to last quarter(Current Year)

Up to corresponding Quarter(Previous Year)

PBT

4. d. Quarterly net sales performance of the Company/ Unit:

[Only Net Sales figures pertaining to a quarter need to be furnished (without cumulative figures)] (Rs. in lac)

PREVIOUS YEAR (Last) CURRENT YEAR

Quarter - I 68.89 75.00

Quarter - II 69.73 86.00

Quarter - III 70.98 92.00

Quarter - IV 72.05 97.00

5.a. Conduct of the account (s) (last year)

No. of times the account was irregular (Please specify facility-wise)

No of occasions

Total No. of days

Average period of regularization(days)

Report submitted Report confirmed

Upto month

To authority

Upto month

By authority

Cash Credit Nil Nil Nil Nil Nil Nil Nil

Term loan Nil Nil Nil Nil Nil Nil Nil

Letter of

Credit

Nil Nil Nil Nil Nil Nil Nil

Bank

Guarantee

Nil Nil Nil Nil Nil Nil Nil

Other

accounts

Nil Nil Nil Nil Nil Nil Nil

In case of irregularity in the Term Loan a/c, please mention whether the irregularity was due to non-payment of installment/ interest.

5.b. Utilisation of limits:

-

5.bAverage utilization: 94.14 %

Average utilization: N.A. %FB Limits : Rs.25.00 lacs

6. Compliance of observations of sanctioning authority:

S.No

.

MCCC/ WBCC/ CCC/ ZCC observations at the time of

last sanction

Compliance status

Routing of Sales proceeds into account Complied with

7. REVIEW OF ACCOUNTS (AS ON 31st March 2010)

(A) WORKING CAPITAL FACILITIES (corresponding to Co’s last F.Y.) ‘ in lacs

CC WC(OD) EPC BD

i) Outstanding as on opening date of F.Y 17.72 - - -

ii) Total debits during the year 269.97

iii) Total credits during the year* 272.82

iv) Outstanding as on closing date of F.Y. 14.87

v) Minimum outstanding (on 20.11.2009) 14.90

vi) Maximum outstanding (on 31.07.2009) 20.01

vii) Average advance value of primary

security

viii) Interest earned during the year 2.29

(b) LC account (corresponding to Co’s last financial year) (Rs in lac)

Number Amounti)

Outstandings on the opening date of F.YNil Nil

ii) LCs opened during the year Nil Niliii) LCs paid during the year Nil Niliv) LCs devolved during the year (out of (iii) above) Nil Nilv) Outstandings as on closing date of F.Y. Nil Nil

vi) LC issuance charges recovered during the yearNil Nil

(c) Bank Guarantee account (corresponding to Co’s last financial year) (Rs in lac)

i) Outstanding as on opening date of F.Y. N.A.

ii) BG’s issued during the year

iii) BG’s cancelled/expired during the year

-

iv) BG’s invoked during the year(Out of ( iii) above)

v) Outstanding as on closing date of F.Yvi) BG commission recovered during the year

(d) Break up of Bank Guarantees (Rs in Lacs)Particulars Amt. In Cr. Particulars Amt. In Cr.

Security Retention Money Nil

Bid Bond Nil Performance Guarantee Nil

(e) Details of retail banking/ any other business generated through the account / Cross selling (as per details below): (Rs. in lac)

S.No.

HeadNo. Amount

1 Per segment business mobilizedAmount (No of loans) fromi) Housing Loanii) Car Loansiii) Personal Loansiv) Any other per loansTotal Per loans mobilized

2 Deposits mobilized from the unit/ Promoters / Employees(Rough average balance during the year)i) Current Accountii) Salary Accountiii) Fixed DepositsTOTAL

3 Government business routed through us4 SBI Mutual fund business mobilized5 SBI Life Policies sold – Amt (no.)

PAI policies of The New India Assurance Company Limited for Bank’s loans

6 SBI Credit Cards 7 ATM Cards issued

f. TECHNOLOGY PRODUCTSS.No

.Head Yes / No

1 Corporate Internet Banking Introduced? No2 Multicity Cheques Issued? Yes3 Cash Management Product Introduced? No4 Supply Chain finance introduced? No

g. ANY CONCESSIONS EXTENDED

S.No. Head Extent of concession1. Inland Remittance2 Bank Guarantee commission3 Commission on export bills4 Others (Specify)

8. Group Profile:

-

Name of the borrower / guarantorNet Means (as on………)* Date of report

Borrower-(Proprietor) – V.Lalliana

Rs. …….. lacs

Guarantor- Vanthangpuia Rs. …. lacs

Note :

a. Associate concern details as per enclosed format to be enclosed.

b. Opinion report in the enclosed IBA format may please be obtained and a copy furnished to us for our records).

9. Present position of the borrowing Company’s/ Unit’s accounts: (as on 22.11.2010) (Rs.in lac)

S.No. Facility Limit sanctioned

MVS AVS Drawing power

Outstanding Irregularity, if any

1 CC 25.00 - - 25.00 Rs…. lacsNIL

2 BG Nil.NIL

10. Details of existing and additional collateral security : (Rs. In lacs)Particulars of collateral security *

Market Value

Realisable Value

Govt. notified value

Valuation by Banks approved valuer on

Date of Inspection of Collateral

Date of creation of mortgage

Equitable of landed property owned by Mr. V.Lalliana at New Market, Aizawl under LSC No.AZL.76 of 1969.

Rs-47.78 lacs

Rs-47.78 lacs

20.11.2010

11. Major Irregularities pointed out in various Inspection/Audit Reports –which impact risk profile of the Company and compliance thereof-(Please refer to I&A Report/Credit Audit Report /RBI Inspection Report/LFAR etc.and indicate date of the report)

Sl

Audit report Date of report Major irregularities Mitigation

-

Inspection & Audit

4.

5.

Statutory Audit

Circle Audit

Nil

Nil

Nil

Nil

Nil

Nil

Dy.Manager (Credit) Chief Manager.

STATE BANK OF INDIADAWRPUI BRANCH:

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ANNEXURE ‘G’

DETAILS ABOUT ASSOCIATE CONCERNS(Rs. In lac)

Particulars1) Company details:a) Name

M/s.b) Constitutionc) Name of Partners/ Directorsd) Activitye) Established on

BankersCredit Facilities:Fund-BasedInland Bill discounting TotalIf they are banking with us, date of last sanction.4) Credit Rating 5) IRAC6) Conduct of account

DECLARATION OF ASSETS & LIABILITIES

1. Name of Applicant : .V.LALLIANA

-

Financial parameters (Rs. in lac)As on 31.03.

(past two years)2008 2009

Net SalesPBTPBT/NS %PUCTNWTOL/TNWCR

Address (with Phone No,if any) : New Market, Aizawl Ph – 2324923 (S),Ph – 2321914 (R)

2. Name of Business/Occupation : Authorised dealer in sales of hardware goods & paintsActivity, etc.

3. Age & Qualification : ….. years, ………

4. Name of father : ………..

5. Name of Firm (If firm) : M/S V.LALLIANAAddress (with Phone No.if any) : New Market, Aizawl Date of establishment : 1964.

6. CURRENT ASSETSA) Name of Bank & Branch. Account No. Balance (Rs.)SBI, Dawrpui Branch 10276826539 (STDR) Rs. 7,12,088

b) Stock value (for business) : Rs. 40,00,000c) G.P.Fund balance : Nild) Others/Householdgoods : Nil

7. FIXED ASSETS :a) Type of vehicles : Registration No. Yr.of Purchase. Present Value Maruti Gypsy MZ-01/B-7266 ………… Rs.2,00,000

b) L.S.No. Location Type of building. Approx. Value (Assam Type/RCC)

AZL. 76 of 1969 New Market Rs.47.78 lacs.

c) Insurance Policy No. : Nil Sum Assured. : ……………… Premium :

8. Liability, (if any) : ………………….

9. Any others :

Dt.22nd November, 2010 (V.LALLIANA)

DECLARATION OF ASSETS & LIABILITIES

1. Name of Applicant : .VANTHANGPUIAAddress (with Phone No,if any) : Dawrpui, Aizawl Ph – 2325841

2. Name of Business/Occupation : Prop: of M/S Life Drug Centre, Upper Bazar, AizawlActivity, etc.

-

3. Age & Qualification : 47 years, ………………

4. Name of father : ………..

5. Name of Firm (If firm) : M/S Life Drug Centre, Upper Bazar, AizawlAddress (with Phone No.if any) : Phone - 2325841Date of establishment :

6. CURRENT ASSETSA) Name of Bank & Branch. Account No. Balance (Rs.)

b) Stock value (for business) : c) G.P.Fund balance : d) Others/Householdgoods :

7. FIXED ASSETS :a) Type of vehicles : Registration No. Yr.of Purchase. Present Value

b) L.S.No. Location Type of building. Approx. Value (Assam Type/RCC)

NIL

c) Insurance Policy No. : Nil Sum Assured. : ……………… Premium :

8. Liability, (if any) : Nil.

9. Any others :

Dt.22nd November, 2010 (VANTHANGPUIA)

INDEX NO................DATE : ......................

OPINION REPORTPART - I

INFORMATION ON THE FIRM/BORROWERS

1 Name of the Borrower/Unitand address

M/S V.LALLIANA & SONS, New Market, Aizawl Ph – 2324923 (S),Ph – 2321914 (R)

2 Constitution ProprietorshipMr. V.Lalliana,

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3 Name of Proprietor& Address

New Market, Aizawl Ph – 2324923 (S),Ph – 2321914 (R)

4 Date of Establishment, etc. 1964

5 Banking with the branch since 1975

6 Name of other Bank, if any,where they have account

Nil

7 Nature of business/activity Dealer in sales of Hardware Goods & Paints

8In case of Limited Company(a) Authorised Capital(b) Paid-up Capital

Not applicable

9 Performance (Annual)a) Sales /Bills receivedb) Purchases …………c) Gross Profit …………d) Depreciations …………e) Taxation …………f) Net Profit …………

(Rs.in lacs) As on 31.03.2010313.21280.11 24.710.29-12.40

10 Information on outside borrowings/liabilities for wages, taxes and other expenses. Nil

11 Information on Identical/ Associate concerns Does not arise

12 Technical ability with particular reference to the background of the borrower/proprietor, etc.

Technical know-how is not required. Practical experience for 5 years in the line of business

13 Marketability of the product with regards to demand & acceptability of its quality

It is located in the main market area of Aizawl City. There will be no competition in the area as the unit is an authorized dealer for hardware products in the whole state of Mizoram.

Contd….2….

.-2 –

14 Details of immovable PropertiesLocation of Land & building, Survey No., Encumbrance, if any, Realisable value, etc.

Equitable of landed property owned by Mr. V.Lalliana at New Market, Aizawl under LSC No.AZL.76 of 1969, market value of Rs.47.78 lacs

15 Movable Propertiesa) Bank Balances : Name of Bank & Branch Account No.

Bank Balance

SBI, Dawrpui Branch

10276826539 (STDR)

Total Balance – Rs.7,21,000

b) Stock/ receivables c) Life Insurance, if any. Policy No…………

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Sum assured……… Premium already paid

d) Vehicles : Type of vehicle ...

Motor No./Regn.

Year of Purchased

Approx.value

Maruti Gypsy

MZ-01/B-7266

…………

Rs.2,00,000

e) Others/f) HouseholdgoodsTotal value of Movable Properties (Col.a,b,c,d,e,f) Rs.9.21 lacs

16 LIABILITIES, if any

17 Estimated Net Means(Co.14 +15-16)

18 Credit worthiness of the borrower /proprietor, etc.(Reputation for business commitments, i.e. whether they are meeting their debt obligations promptly or not)

Our discreet enquiry reveal that he is held in good credit in the market

19 Experience as regards dealing with the Bank(brief write up on areas like re

gularity or irregularity in the A/C failure to meet obligations.

The promoter is our regular and good customer

INDEX NO. : ...........DATE : ................

OPINION REPORTPART - III

INFORMATION ON GUARANTOR

1 Name of Guarantor & Address VANTHANGPUIADawrpui, AizawlPh – 2325841

2 Age of Guarantor 47 years3 Telehphones : Shop

ResidencePh – 2325841

4 Academic qualification ………………

5 Functional reponsibilities inthe Unit. Nil.

6 Securities offered by the guarantor for borrowing from the Bank.

Personal Guarantee

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7 Honesty/Integrity/Credit worthiness of the guarantor He is an honest person

8 Credit reputation of the guarantor (reputation to meet business

commitment.)

He is reliable person to meet his business commitment

9 Details of immovable PropertiesLocation of Land & building, Survey No., Encumbrance, if any, Realisable value, etc.

Nil.

10 Movable Propertiesa) Bank Balances : Name of Bank & Branch Account No.

Bank Balanceb) Stock-in-trade c) G.P.F. balance, if anyd) Life Insurance, if any. Policy No………… Premium already paide) Vehicles : Type of vehicle .. Motor No./Regn. Year of Purchased Approx.value

Contd……2……

- 2-

f) Others/Household goods

Total value of Movable Properties (Col.a,b,c,d,e,f)

11 LIABILITIES, if any Nil.

12 Estimated Net Means(Col.9+110-11)

13 General RemarksMr.Vanthangpuia is involves in social and church services. He is held in good credit in the market.

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