1

ZONAL OFFICE CREDIT CELL – ZONAL OFFICE – VISAKHAPATNAM
NOTE-CUM-MEMORANDUM FOR THE ZOCC
Agenda No.

Meeting Date :

Zone

: Region II - Vishakapatanam

Segment

: MSME (Services)

Branch : Governorpet, Vijayawada.
Industry : Others (Dealer in Volkswagen cars)
Dealing with us since : Group - March 2010

Account : M/s. ATR Cars Private Limited
(Private Limited Company)
To Sanction:
i)
Cash Credit(Hyp) Limit of Rs. 250.00 lacs for its Volkswagen showroom/work shop
at Rajahmundry for a period of one year.
ii)
Term Loan of Rs. 700.00 lacs for completion of semi finished show room/ work
shop premises at Nellore at a project cost of Rs. 1103.75 lacs repayable in 83
variable monthly instalments, w.e.f. November 2012. Total tenor is 83 months.
iii)
Bank Guarantee Limit of Rs. 500.00 lacs for lifting of stocks from the car company
to the Nellore unit.
To approve :
i)
Dilution of security for M/s. ATR Warehousing Co. P. Ltd., as the same security is
extended to the current exposure of M/s. ATR Cars P Ltd.
ii)
Waiver of TEV study
iii)
The marks scored by the company (23.37) in the Financial parameters of CRA rating
as against the minimum prescribed marks of 25 (within 25% deviation - ZOCC is the
deviation approving authority)
iv)
10% cash margin on the Bank Guarantee as against minimum stipulated 25%
To Note:
i)
ii)

The deviations in take over norms approved by G M (RNW SZ III) in respect of
a) non achieving 3 years continuous profits and
b) CRA rating of SB 9 as against minimum stipulated SB 6
The following credit rating assigned to the Company based on the Audited
Balance Sheet for 2011-12:Borrower Rating
Facility Rating

SB-9

Cash Credit(Hyp)
Term Loan
Bank Guarantee

FR-2
FR-2
FR-2

2

Section A1
Present Proposal:
CIRCLE/SBU:
BRANCH:
GOVERNORPET
a) Borrower’s Profile:
Name: ATR CARS PRIVATE LIMITED (Nellore)
Segment: MSME (Services)
Constitution :
PRIVATE LIMITED COMPANY
Location: Nellore
New unit/Existing unit: New Unit
Existing Connection:
Yes
If yes:
Banking with us since:
2010
Date of last Renewal/Review (*) New
If Reviewed valid upto:
NA
IRAC Status of 1.Advances:
: Standard
2.Investments: NA
( * ) In case of review – date up to which reviewed to be mentioned

b)
i)

Proposal: For sanction/ approval/ confirmation:
Sanction:
a) Cash Credit(Hyp) Limit of Rs. 250.00 lacs for its Volkswagen showroom/work shop at
b)
c)

ii)

Nellore for a period of one year.
Term Loan of Rs. 700.00 lacs for completion of semi finished show room/ work shop
premises at Nellore at a project cost of Rs. 1103.75 lacs repayable in 83 variable
monthly instalments, w.e.f. November 2012. Total tenor is 83 months.
Bank Guarantee Limit of Rs. 500.00 lacs for purchase of stock from the car company
to the Nellore unit.

Approval:
a) Dilution of security for M/s. ATR Warehousing Co. P. Ltd., as the same security is
extended to the current exposure of M/s. ATR Cars P Ltd.

b) Waiver of TEV study.
c) The marks scored by the company (23.37) in the Financial parameters of CRA rating
as against the minimum prescribed marks of 25 (within 25% deviation - ZOCC is the
deviation approving authority).
10% cash margin on the Bank Guarantee as against minimum stipulated 25%.

d)
iii) To Note:
a) a) The deviations in take over norms approved by G M (RNW SZ III) in respect of

a) non achieving 3 years continuous profits and
b) CRA rating of SB 9 as against minimum stipulated SB 6
b) The following credit rating assigned to the Company based on the Audited Balance
Sheet for 2011-12:-

Borrower Rating

SB-9

3
Facility Rating
Cash Credit(Hyp)
Term Loan
Bank Guarantee

FR-2
FR-2
FR-2

b)
This proposal falls within the powers ZOCC (V)
as:
of
i) FB/NFB/Total indebtedness is Rs 1450.00 Lakhs (Corp)
ii) Involves policy level deviations:
a) non achieving 3 years continuous profits and
b) CRA rating of SB 9 as against minimum stipulated SB 6
c) The marks scored by the company (23.37) in the Financial parameters of CRA rating as
against the minimum prescribed marks of 25

iii)

is a director in

Bank

00 950.00 500.00 100 - - - - c ii) Credit Limits (company & Group): Exposure Company Group Existing Proposed Existing Proposed Fund Based 950.00 Total Indebtedness Investments Leasing Total Exposure Bank’s Share++(%) 100% Bank’s Share in TL++(%) 100% - .00 NA NA Non Fund Based 500.00 100 - - - - - - - - - - - - - - 1450.00 - 100 100 100 - - - - - - - - - - - - - - - - - - - - 500.00 100 EPC/FBD Total FBWC TLs/ECBs/FCL Adhoc. if any Total FB (a) NFBWC LC NFBWC BG Total NFBWC (b) Derivative/FC/CEL ( c) Projected related LC Projected related BG Project NFB (d) Total NFB (b)+(c) +(d)+(e)+f Total indebtedness (a)+ (f)=g Investments (h) Leasing (i) Total Exposure (g)+(h)+(i) - - - - - - Total Cons/ MBA/ Syndication - Change SBH Total Cons/ MBA/ Syndication Sole Banking - - 700.4 c i) Credit Limits (Existing and Proposed): Existing Proposed Limits SBH % Total SBH % Cons/ MBA/ Syndication CC/WCDl/BD 250.

26 1200.P.73 172. in lacs) Name of the Bank Term Outstanding as per Purpose Loan ABS as on Limit 31.00 350. ATR Warehousing P Ltd.00 (Total) Top five banks in terms of their exposure Bank A IndusInd 2538.03.26 2200.00 7722. SBH 300.00 c) Sharing Pattern Group company : M/s. The brief details of the Term Loans enjoyed by the company are as under:(Rs.00 1183.00 Bank B .00 10.5 d Banking Arrangement and Sharing Pattern: Financial Arrangement: Sole Banking FB TL WC SBH 800. : The Company is presently enjoying the following WC/Term Loans from several Banks mostly for the construction of Warehouses in various parts of the A.00 192.00 1200.48 400.00 1000..00 3175.00 5863.70 Total Rent Discounting120.00 1000.45 --do---do---do---do-Construction Equipment Loan (for purchase of Dumpers) --do-Term Loan Overdraft Vehicle Loans Rent Plus Loan WC CC .41 497.45 22..00 Associate Banks 400.00 1200.00 Other Banks 4663.00 353.00 1000.99 322.00 500..00 NFB Indian Overseas Total 853.85 --do-APSFC Axis Bank Shriram Transport Finance Co Ltd.30 1117.2011 Indian Overseas Bank --do---do---do-Indusind Bank State Bank of India 110.00 APSFC Bank 354.15 900.59 1182.67 313. SBH AXIS Total % Share 1000.00 SB Group 1200.00 1200.23 2537.00 463.

00 2.00 125.34 22.98 237. Est.34%) -31. Fin.80 0.27 ROE% @figures in brackets denote estimates at the time of last renewal *Interest Coverage Ratio: Calculation method EBITDA/Interest company as per prudential exposure norms To Industry exposure To total advances (domestic) b) Comments on Performance & Financial Indicators – (Comments only on adverse movements in the above): i) Net Sales: The Company has achieved a sales of Rs.39 320.12 4.36 3.75 TNW 93.61 TOL/TNW 5.69 349.14 -31. TNW 93.98 785.99 5129.83 NFBL 500. 5580.77 2.92 27.PAT 648.69 19.08 1.6 Section A2 PERFORMANCE DETAILS a) Performance and financial indicators: Year  Gross Sales (Value) Net Sales (Value) (Exports) Raw Materials Power and Fuel Direct Labour Add: Op.43 828.46 796.94 183.07 lacs up to 30.52 (0. 6562.83 122.19% Total 1450.66 487.11 5580.36 3.08 1.54 2765.51 6562.52 -23.51 6562.15% FBL 950.12 4.86 Exposure of the -- PBDIT -1. The company (Nellore unit) has achieved sales turnover of Rs.66 487. 2765.51 lacs during 2012-13 and projected Rs.09 6087.76 140.48 364. goods Selling.52 (9.63 0. Proj LastYr Cur Yr 337. goods Less: Cl.51 lacs for the FY 2012-13 .37%) 9.09.52 33.99 337.11 lacs during 2011-12 and estimated Rs.85 40.75 403. TNW 5.12 1.33%) 9.78 Current Ratio 1.54 2765.25 288.2013 2.93 b.81 785. Industry Exposure as on 31. Fin.32 1.38 61.52 Interest Coverage Ratio* PUC 125.78 TOL/ Adj. 3449.69 Net sales 337.02 320.00 143.00 403.41 392.03. in lakhs) Last two years Curr Next Q/HY results as on actual year year 2011 2012 2013 2014 Audited Prov.41 392.59 2653.62 9.28 78.72% 42.43 266.00 94.11 5580.76% 28.34%) -31.25 132.54 2656.2012 as against the estimated 5580.77 2.15 NWC DSCR 1.23 355.48 364.92 (0.33 1.92 140. General & Admn Costs) Interest Operating Profit after interest OPM% (OP/NS%) PBT PBT/Net Sales% PAT Cash Accruals (Rs.69 (Exports) .69 lacs during 2013-14.61 Adj.16 (9.

48 364. (a) Increase in equity - 278.2013 and further projected to derease to 1.77 and projected at 2. The Current Ratio of the Company for the FY 2012 is below the bench mark level of 1. TNW: (Past three years) 2010 Opening TNW (excluding SAM$) 2011 2012 93.96 635.33 as per ABS as on 31. Due to the lower Current Assets as on 31.03. Hence.2012.03.36 as on 31. the Gearing Ratio of the Company has been estimated to improve to 3.69 lacs for the year 2013-14.34 Share Application Money (SAM) $ (b) Increase in share premium Add.32 as on 31.03.33 as on 31. 6562. 5580.52 -7.77 as on 31.2012.82 Add. it is acceptable.20:1 in case of non-manufacturing units. However. vi) Current Ratio & NWC: The Current Ratio of the Company has marginally decreased from 1. We request the ZOCC (V) to note the deviations in TOL/TNW and Current Ratio.08 as on 31.2012 to 1.51 lacs during the year 2012-13 and projected Rs. With the increase in TNW during 2012-13.2013.03./Subtract change in intangible assets Adjust prior year expenses Deduct Dividend Payment Add/Subtract: DTL/DTA Closing TNW Investments in Associates/ Subsidiaries (A&S) Long Term Loans to A&S Adjusted TNW $SAM be converted to equity by next Balance Sheet date Comments: iv) TOL/TNW: The Gearing Ratio of the Company has been estimated to improve from 4. The company has estimated gross revenues of Rs.2012 to 3.03.41 Add PAT -31. respectively.7 ii) iii ) Profitability (PBT/NS): The company has shown a marginal profit in the first year of operations at Nellore Branch. its first year of operations only (2 ½ months ) the current Ratio of the Company was lower at 1.03.03. which is within bench mark level of 5:1 for nonmanufacturing units.78 for FY 2013 & 2014.2014. the Current Ratio is estimated to improve in the next few years.75 61. c) Movement of long term funds: FUNDS FLOW Actuals (PY-3) 2010 Actuals (PY-2) 2011 Actuals (PY-1) 2012 Estimated (Current Yr) 2013 Projected (Next Yr) 2014 .

iii & iv ) ( B) i. Reserves & Surplus (Other than revaluation reserves) xii Share Application Money xiii.92 59.SBH (> 12 months) vi.82 278.28 144.73 Prev year 2011 CURRENT ASSETS a) Cash & Bank Balances b) LC/BG Margins & liquid investments c) Receivables( < 6 Months) d) Investments (Other than long term) e) Total inventory f) i) Other current Assets. ii.55 334. d) Synopsis of Balance Sheet: LIABILITIES Prev year Last year 2011 2012 CURRENT LIABILITIES Short Term Bank Finance (A) Other Current Liabilities (Total of i. PUC xi.10 582.00 -31.Others TOTAL CURRENT ASSETS FIXED ASSETS Gross Block -3.08 - 104.85 .72 (204.77 202. Sundry Creditors ii.00 109.25 125.48 572.28 22.82 (A) 250.00 8.96 28.Dues from Associates /Subsidiaries ii) Other Current Assets.51 513.65 444. xi.25 94. Debentures.73 648. Term Loans .30 315. Unsecured Loans ix.69 127. Other Term Liabilities TOTAL TERM LIABILITIES ( Total of v to ix ) (D) TOTAL OUTSIDE LIABILITIES ( TOL = C+D) (E) x.51 60. Term Loans – Others (> 12 months) vii.07 963.98 - - d) Others (Depreciation) e) Others - 8. TL inst.00 611. Shares (< 12 years).52 93.03 212.32 349.38 479.58 - Long Term Uses a) CAPEX b)Others Long term Surplus / Deficit - 86.52 125.75 - - c) Loans - 120.00 24.28 103.87 120.22 599.Advance Payments received iii.8 Long Term Sources a) Retained Profit after Tax b) Equity Funds - -31.10 24. Repayable in 12 months ( incl FCCB) iv.58 107. Others TOTAL CURRENT LIABILITIES (A+B) (C) v.94 88.19 Last year 2012 320.38 125.11 86.00 Comments: The movement of Long Term funds is satisfactory.87 310. xii and xiii (F) TOTAL LIABILITIES (E + F ) (G) ASSETS 334.75) 164.32 24.00 -7. FCCB etc viii.91 290.81 133.31 112. DTL Net Worth ( NW ) Total of x.81 1097.22 50.Redeemable Pref.64 711.

CPP/CIR/CSK/30 dt.94 1097.73 17. Net cash from Investments c.63) (410.9 Less Cum Depreciation Net Block (excluding revaluation reserves) Investment in Associates.19 e) Comments on adverse movements only in the above : (Not to exceed 5-6 lines) i)Comments on any change in capital structure.66 (207.present position vi)Loans and advances to group companies.10) 351.57 3361. Net cash from Operations b. iii)Movement of Unsecured Loans (quasi equity) iv)Change in investments in Group companies / others v)Comments on Sundry Debtors beyond 6 months .37) (134. including DTA (E) Total Assets (D+E) 8.71 582.00 572. Net cash from financing d.40 . extent of cash flow from investing activities and financing activities may be given) [Refer CPPD Circular No.70) Remarks Consolidated Data* :(NOT APPLICABLE as ATR Cars Pvt.14 1095.63 598.Net increase in cash/ cash equivalent g) Actuals Actuals Estimated (PY-2) (2011-12) (2012-13) 27. * mark implies applicable to listed companies only) i) Key Financial Indicators: Net Sales Previous Year (2011) Last year (2012) 337.22 (B) - 50.73 572.79 (513. 07. if any f) ACTIVITY-WISE CASH FLOW ANALYSIS: (Brief observations on whether operating activities are the principal revenue producing activities of the enterprise.25 1. This data is applicable for *listed companies.00 (C) (D) 50. Subsidiaries.00 78. viii)Others. if not commensurate with increase in value of inventory & receivables. sister concerns etc Other investments Receivables > 6 months Others Non Current Assets Total Tangible Assets A+B+C = DTA Other Intangible Assets Intangible Assets.07.2011 on Credit Assessment: Cash Flow Statement (CFS)] CASH FLOW a. Ltd is not a Listed Company. ii)Comments on Short Term borrowings.34) (18.

00 93.26 125.36 4.75 364.10 PBT PAT Cash Accruals PUC TNW TOL/TNW TOL/Adj TNW -31.52 -7.12 5.82 -7.52 14.82 -23.12 4.52 -31.36 .41 5.48 403.

Comments: PBT/ Net Sales . ii) Market related: Name of Co. Name of Co. FB Lts$ NFB Year No. PE (NOT APPLICABLE) Sales CR Cash Cycle Net Profit TOL/ TNW (NOT APPLICABLE) Market Cap Share Price* (@) EPS of Last Year H L C (* for listed companies) @ 52 weeks’ High Low.11 ii) Consolidated Cash Flow:(NOT APPLICABLE as ATR Cars Pvt. Lts$ S. face value to be mentioned. Net cash from financing d. No. Ltd is not a Listed Company) Consolidated Cash Flow (Activity wise) Prev Year Last Year a. Net increase in cash/ cash equivalent h) Inter-firm Comparison: i) Finance related: S. Net cash from Investments c. if not Rs 10. Net cash from Operations b.

15 2.35 21990. 12808.91.20 Exposure of the % company as per prudential exposure norms 387.09 12122. ATR CARS P LTD – CONSOLIDATED DATA a) Performance and financial indicators: Last two years actuals Current year Estimate s 31.97.05 410.88 61. 5418.41 (Exports) Raw Materials Power and Fuel Direct labour SG & A costs Interest Operating Profit(OP) after interest 6310.14 505.91 3.02 13.42 394.06 1882.01 .19 1428.48.39 Adj.75 PAT .2012 Gross Sales(value) 5418.89 lacs during 2011-12 .42 394.67 48.35 346.41 Ratio * PUC 410.89 21918.18 388.77 .02 27.11 NWC 175.05 13.53 681.73 To Industry exposure 651.56 Interest Coverage 0.77 DSCR 2.03.80 12808.89 21918.24 TOL / Adj.51 256.110.96 1.20 14 Last Year Curre nt Year S b.64 202.39 187.03.13.42.93 PAT Audited 31.06 b) Comments on Performance & Financial Indicators -(Comments only on adverse movements in the above): i) Net Sales : 2011 is the first full year of operations for the company.24 Current Ratio 1.91 3.73 PBT / Net Sales% -1.83 Q/HY results as on Projectio ns 31.03.12 2) M/s. TNW 214.02 151.1.34 To total advances (domestic) 2.38 2.23 142.07 1.64 1052.29 2.34.98 3.26 ROE% .34 524.89.65 449.83 .65 -0.31 OPM% (OP/NS%) -2.78 361.36 .03.24 NFBL Total 165.57 450. Industry Exposure as on FBL 24112.29 2.04 1088.60 PBDIT 179.33 1.19 1428.32 1.63 PBT .82 TNW 214.60 Cash Accruals .65 1284.06 1882.53 .58 .80 lacs during 2010-11 and Rs. The Company has achieved a sales of Rs.2011 Audited 31.07 1.02 13.20 13 Next year 25361.78 665.93 Net Sales Exports 25361.82 1389.15.05 456.41 Net Sales (value) (Export) Net Sales (Quantity) 5418.39 28.239.80 12808.48 1.39 TOL/TNW 15.TNW 15.87 1.

ii)Profitability (PBT / NS): The company has incurred losses during the initial years 2010.09.2013.2012 to 1. The company has posted Gross revenues/cash accruals of Rs.40 2.05 7.60 lacs for the year 2012-13.53 .51 409.45 21.29 as on 31.91 as on 31. The Rajahmundry unit has commenced operations from mid January 2012.00 .13 and estimated Rs.42 394.33 -24. The Current Ratio of the Company for the FY 2013 & FY 2014 are below the bench mark level of 1. 214.72 214. 505.11 as on 31.41 lacs during 2012-13.90.42 394.2012 as against estimated sales turnover of Rs. The company as a whole achieved a sales turnover of Rs.61. 21918. the Current Ratio is estimated to improve in the next few years. Hence.33 $ SAM be converted to equity by next Balance sheet date.07 as on 31.05 200.30 . 2011 and 2012 due to depreciation provision and interest on loan.41 lacs for the FY 2012-13.14 lacs during the year 2011-12 and estimated Rs.03. (a) Increase in equity (b) Increase in share premium Add.00 lacs up to 30./Subtract change in intangible assets Adjust prior year expenses Deduct Dividend Payment Add / Subtract : DTL / DTA Closing TNW 303.2014. with better management of current assets. 8454.33 Investments in Associates/ Subsidiaries(A & S) Long Term Loans to A & S Adjusted TNW 303.42 409.19 214. However. which is within bench mark level of 5:1 for non-manufacturing units.20:1 in case of non-manufacturing units.2013 and further deteriorated to 1. 21918.32 as on 31. the Gearing Ratio of the Company has been estimated to improve to 2.03.03.17 6.19 Comments: iv).98 6. and the increase in TNW during 2012-13. iii)TNW: (Past three years) 2010 2011 2012 1. .03.97.2012 to 3. vi CURRENT RATIO & NWC: The Current Ratio of the Company has marginally deteriorated from 1.03. it is acceptable. TOL / TNW: The Gearing Ratio of the Company has been estimated to improve from 13.95 Opening TNW ( excluding SAM $ ) Share Application Money $ Add PAT Add.48.24 during FY 2014. With increased capacity of operations.00 -105.

64 921.20 525.00 0.14 c) MOVEMENT OF LONG TERM FUNDS: FUNDS FLOW Long Term Sources a) Cash Accruals b) Equity Funds c) Loans d) Others Long Term Uses a) CAPEX b)Others Long term Surplus / Deficit Estimated Projected Projected 2013 1556.29 Comments: d) Synopsis of Balance Sheet: LIABILITIES CURRENT LIABILITIES Short Term Bank Finance (A) Other Current Liabilities ( B) ( Total of i.00 0. Redeemable Pref.22 410. DTL Net Worth ( NW ) (F) Total of x.19 5878.Advance Payments received iii.59 394.00 0.76 0. xii and xiii TOTAL LIABILITIES (G) (E + F ) ASSETS SSETS CURRENT ASSETS a) Cash & Bank Balances Previous year 2011 Last year 2012 382. Unsecured Loans ix.31 525.78 1998. Reserves & Surplus ( Other than revaluation reserves ) xii Share Application Money xiii. ii. PUC xi.00 839. Term Loans -SB (> 12 months) vi.44 2014 670.78 144.00 0.00 839.77 576.98 2157.00 -215.38 0.00 160. Shares (< 12 years).00 0.67 2406. FCCB etc viii.20 2015 721.60 682.58 0.72 670.98 3326.00 0. iii & iv ) i. xi.05 -173.78 721.72 502.77 0.86 200.00 236. Repayable in 12 months ( incl FCCB) iv. Sundry Creditors ii. Other Term Liabilities TOTAL TERM LIABILITIES (D) ( Total of v to ix ) TOTAL OUTSIDE LIABILITIES (E) ( TOL = C+D) x.68 0.00 198.37 3457.73 1724. TL inst.60 1837.05 5484. Others TOTAL CURRENT LIABILITIES (C) (A+B) v.38 3221. Debentures.83 2404.14 410.. Term Loans – Others (> 12 months) vii.31 219.98 2206.00 0.40 2381.45 593.62 .850.33 Previous year Last year 240.00 2157.24 0.41 979.42 502.13 .

00 0.00 1855. including DTA (E) Total Assets (D+E) 2556.84 416.00 0. Others.39 878. Net cash from Investments c.00 77.00 0.95 0.00 1636.05 5878.64 77.00 1513.Not applicable (Brief observations on whether operating activities are the principal revenue producing activities of the enterprise.04 1421. if any f) ACTIVITY-WISE CASH FLOW ANALYSIS: . Net cash from Operations b.00 1397.70 0. if not commensurate with increase in value of inventory & receivables.59 5878.00 0.40 TOTAL CURRENT ASSETS (A) FIXED ASSETS Gross Block Less Cum Depreciation Net Block (excluding revaluation reserves) (B) Investment in Associates.00 3457. Net increase in cash/ cash equivalent g) Consolidated Data* Actuals (PY-2) Actuals (PY-1) Estimated (Current Yr) Remarks . Movement of Unsecured Loans (quasi equity) Change in investments in Group companies / others Comments on Sundry Debtors beyond 6 months -present position Loans and advances to group companies.54 0. Net cash from financing d.00 3435. Subsidiaries.33 21.15 105.88 0.05 e) Comments on adverse movements only in the above : (Not to exceed 5-6 lines) i) ii) iii) iv) v) vi) viii) Comments on any change in capital structure. sister concerns etc Other investments Receivables > 6 months Others Non Current Assets (C) Total Tangible Assets A+B+C = (D) DTA Other Intangible Assets Intangible Assets.00 637. extent of cash flow from investing activities and financing activities may be given) CASH FLOW a.39 281.88 4379.15 b) LC/BG Margins & liquid investments c) Receivables( < 6 Months) d) Investments (Other than long term) e) Total inventory f) Other current assets 0.33 0. Comments on Short Term borrowings.92 215.76 0.34 0.40 984.

on the lines of item 2A-a).Not applicable Consolidated Cash Flow (Activity wise) a.60 Cash Accruals 61.19 1428.06 TOL/TNW 13.29 TOL/Adj TNW 13.18 388. FB Lts$ NFB Lts$ Year Sales CR Cash Cycle Net Profit ($ wherever available either from our own data or external source) ii) Market related: S. No. face value to be mentioned.41 PBT -42. Comments: PBT/Net TOL/ Sales TNW EPS of Last Year . Net increase in cash/ cash equivalent Previous Year Last Year h) Inter-firm Comparison: . Net cash from financing d.91 3.16 i) Key Financial Indicators Current Year Next year 2013 2012 Net Sales 12808.60 PUC 410. ii) Consolidated Cash Flow . Name of Co.73 PAT -48. consolidated data for past two years to be provided in full.29 * For borrowers with annual turnover of Rs 500 crores and above. if not Rs 10. Name of Co. No.51 256.05 1389. PE Market Share Price* (@) Cap H L C (* for listed companies) @ 52 weeks’ High Low. instead of g).14 505.89 21918.91 3. Net cash from Operations b.82 TNW 394. d) and f).Not available i) Finance related: S. Net cash from Investments c.

17 RISK ASSESMENT SECTION A3 a) Credit Rating Current CRA based on balance Sheet as on 31. 90/100 90/100 BG FR-2 90/100 90/100 The Credit rating summary is placed as Annexure-8.00 Previous Facility rating Facilities CC TL BG Current FR 2 FR 2 FR 2 Previous -NA- Marks scored by the company in borrower rating/ facility rating mentioned below: Borrower rating Parameter Financial Risk Business & Industry Risk Management Risk Total Minimum Score 25/65 12/20 Marks Scored by the Co. & Bank Guarantee) The company has scored 23. Term Loan.32/100 Facility rating Facility Rating CC TL FR-2 FR-2 Marks Scored by the Co. net profit and other financial parameters. Comments on change(s) in CRA Rating / Model The credit rating of the Company has been carried out based on the Audited Balance Sheet for 2011-12 and the company has been assigned CRA rating of SB 9 and Facility Rating of FR 2 (Cash Credit (Hyp).03. We request ZOCC (V) to approve the deviation.2012 Validated on Borrower rating Current Previous CRA -Rating SB 9 NA Overall Score 54 Financial Score/ 23.37/65 18/20 8/15 12. As the difference is within 25% of the minimum prescribed marks ZOCC (V) is the competent authority to approve the deviation.95/15 45/100 54.37 marks under Financial Risk as against the minimum score prescribed 25 due to adverse gearing ratio. 23.37 Minimum Score 25. b) External Rating : Branch will be advised to get the unit rated by External rating agency Rating Agency : Date and Amount of Rating : Rating Rationale in brief: c) RMD ADVISORIES: i) RMD Guidance Note ii) Qualitative approach Rating Obtained: (Previous Rating) Rating valid upto: .

Details in Annexure-6) ii) Utilization of limits: N A – New connection Utilisation of limits: Comments FB Limits Average utilisation % NFB Average utilisation % Review of Cash Credit Account for previous year: Rs in crores Comments (i)Total debit summations (ii)Total credit summations % of (ii) to total sales.C) Security Coverage – SB: including excluding including residual residual residual value value value Amount (%) Amount (%) Amount (%) Term Loan Working Capital Comment on infirmities in security creation. vi) Cross Defaults: If any. of times irregular & time taken for adjustment of peak irregularity. Furnish summary position here. Comments (if the utilization is less than 60%) e) Review of Term Loans (Term Loans with all Banks/FIs to be mentioned): N A – New connection Name Limit DP Outstandings Irregularity. if any. please specify: f) Security Coverage : (Pl. DSCR FAC Date of of the as on -------if any * R restruct FI/Bank ures. Full details to be furnished in Section. Sanction Actuals * Comment on reasons for over dues : i) No of instalments due: ii) No of instalments paid: iii) No of Installments in arrears: iv) Amount of interest in arrears: v) Comment on the company’s action plan for regularizing the account.18 iii) iv) Quantitative approach Comments d) i) Conduct of Account: N A – New connection (to comment briefly on irregularities in the accounts in the past 12 months – no. if any excluding residual value Amount (%) .

Penal action stipulated in last sanction: N A . if any . if any: i) Statutory dues/other contingent liabilities: Dues Amount quantified in ABS Statutory dues Contingent liabilities Comments. if the impact is significant j) Risks and mitigating factors : Impact on financial position (as % of TNW) Negative score in CRA.New connection Stipulation Status of compliance Penal action recommended.7 PBDIT/ Interest (Times)* b) OTHERS [Observations / Conditions/ including Post Sanction modifications (if any)] 1 2 * Comments only when the negative variance is more than 20%.N A . in Auditors report Stock & Receivables audit report h) Earlier terms of Sanction -Compliance status : N A – New connection S.New connection Report Date Warning Signal /Major irregularities/ Other significant observations Comments RFIA Report Credit Audit Reports RBI AFI u/s 35 Other Audit Reports Qualification if any.1 Equity infusion A.2 Conversion of Share Appln money/ Unsecured loans into equity @ A.3 Dividend outflow/ Sale of Investments A.N o.4 TOL/TNW (Times)* A .6 Current Ratio* A. in brief.5 TOL/ Adj TNW (Times)* A. Conditions/observations Covenant details/ time frame Compliance status a) FINANCIAL COVENANTS A.19 g) Warning signals and unattended major irregularities .

Renault etc. if any 6. established brands like Maruti. Due to the above.. The Promoters submitted that the profit margins are thin in the vehicle dealer business.20 Critical risks perceived CRA 1. Financial Risks related 2. interlocking of funds. Business and Industry Risks Mitigating factors The Company is estimated to have lower profitability from the operations. Environmental Clearances& Sustainability measures 7. Toyota and emerging brands like Nissan. Hundai. However. (Risk perception – Medium) Group related Sustaina bility concerns Country risk 3. Other pending approvals. due to the severe competition in car segment. the dealers are expected to offer discounts in line with the market scenario in order to achieve the higher business goals. Nellore and Rajahmundry. The company is hopeful of getting good business in future too. the profitability of the unit was estimated at lower level which is in line with the prevailing market situation. Volkswagen Cars are having good image and command good market value for high networth individuals. Further. where applicable 5. may pose tough challenges to the continuous sales of the Volkswagen products. Adverse features in Group Concerns/ Associate entities. TATA. (Risk perception – Low) The Company is the authorized dealer of Volkswagen Cars in Visakhapatnam Vijayawada. Group gearing. if any . Hurdle Rates 4.

00 15.25 5. (Rs.01 149.75 8.03.60 Estimates ( last year) 2012 - Interest & Other Charges as per latest Balance Sheet dated 31.10.00 15. on WC 10.50 27.75% % Int.2012) .25 4. on TL 10. Interest Other Charges * If share not pro -rata then reasons for the same Return on Capital Charged Comments Estimated (Prev Year) - SBH Share Amount Actual (Prev Year) - Other Banks’/FIs’ Pricing: --NA-Name of the Bank Term Loan Working Capital - Percentage Estimated (Curr year) - - b) Existing - Proposed - c) Proposed Pricing: ITEM Base Existing Rate Card rate Proposed rate Rate Spread Effective Spread Effective Spread Effective Rate Rate Rate Int. in Lakhs) SBH Actuals (last year) Estimates (curr year) 2013 2014 27.25% % ( As per MSME 2012-13/20 dated 12.76 113.25 5.21 Section A4 PRICING a) Income Analysis: From WC Int.50 14.2012.75 4.75 80.50 14.50 43.35 8.

400 per lac Rs.25% LC BG -NAJustification with cost benefit analysis : No concessions proposed Extent of concession (%) Nil Nil Nil Nil Nil Nil . 400 per lac Commit charges Upfront fee -NA1.25% 1.22 d) Other concessions already extended / proposed: Other income ITEM Existing Rate Card rate Proposed rate Processing fee -NARs.

50 crores Rs.Borrower b) Prudential norms .50 crores Rs.50% of Banks capital fund 15. CRE and .75 Rs. 15.53 Justifications .Suit filed list Banned list of Promoters (SEBI) (CIC: Credit Information Companies) Deviations in Loan Policy: Parameters b) a) Prudential norms . 50.Group c) FB exposure to the industry d) Substantial exposure: Borrower e) Substantial exposure : Group f) Term Loan -Tenor g) CRA Minimum Score h) Hurdle rate i) TOL/TNW j) Liquidity k) Debt / equity l) Promoters contribution m) Average gross DSCR (TL) n) Non compliance of norms for strategic schemes: viz.93 43. 23.29 1. group concerns figure in defaulter/willful defaulters list: Willful defaulters’ list dated: RBI defaulters’ list dated: Name of the director Name of the director 31. Corporate Loans.00% of Banks capital fund 10 years 45 SB 10 5.others p) Others Justification: Indicative Min/Max level as per Loan policy Rs.2011 Yes/No Default in connection with (Name of the company) Default in connection with (Name of the company) Remarks Remarks ECGC Caution List dated: CIC – Credit History CICs .00 1.32 1.00 crores 83 months 54 SB 9 4.00 crores Company's level as on 31. directors.11.2012 Rs.00 : 1.00 crores Rs.20 : 1 2:1 30% of equity 1. 14. TIFS.23 Section A5 LOAN POLICY: DEVIATIONS AND COMPLIANCE: a) Whether names of promoters.09.22 % 1. 14. company.12. 23.2011 No 30.00 crores 7.

95 lacs in 2012 and projected a net profit of Rs.49 lacs for FY 2013) requested the GM (RNW SZ III) to approve the deviation. (cash accruals of Rs. ZOCC (V) is the competent authority to approve deviation. We recommend for ZOCC (V) to approve the de viation.10.2012. Deviations in Takeover norms Deviations i) The advance to be taken over should be rated SB 6 (old rating SBH-3) or above – whereas the company’s CRA rating as per ABS 2012 is SB 9. Advances to Officers and the Relatives of Senior Officers of SB/other Banks* e.10.37 / 25 in Financial Risk Parameters b. 51. Compliance Complied Justification - Compliance Complied with c. Not applicable Not applicable Complied with d) Deviations.24 c) Other deviations Parameters a. Scheme specific deviations. Advances to Bank's Directors and parties related to Directors* d.2012. in respect of compliance with Prudential exposure limits as per RBI norms: Proposed Exposure Exposure cap as per Prudential norms as on: Substantial exposure . Advances to Directors of other Bank(s) and parties related to other Bank’s Directors* [* Refer latest RBI master Circular on Statutory and other Restrictions] Approved by G M (RNW SZ III) on 17. Complied with Approved by G M (RNW SZ III) on 17. ii) The company should have earned 3 years continuous profits – 3 years losses iv) The company shall score minimum scores prescribed under various risk segments – 23. This is a deviation. if any. 262. if any Deviations - Justification In view of i) the existing connection / conduct of the accounts ii) value of the security iii) to get a share in the groups car business iv) The Directors of ATR group are from business family with good track record v) the company is showing positive signs of profit building.

Outstanding Unsecured Advances Agg. if any: Nil Agg. .50 crores 23.25 Bank’s exposure to borrower Bank’s exposure to group SB group’s exposure to the borrower / group 14. if required. Outstanding Unsecured Guarantees Total Outstanding Advances Policy Norms prescribed Position presently available Comments: d.ii) Unsecured exposure.00 crores d.iii) Position regarding status of Statutory / In-Principle approval from SB.

00 Lakhs & Bank Guarantee of Rs. The activity also will not require much technical expertise and the unit is also employing technical people to look after the business activities.54% Our share in total debt 63.53 Min. d) Details of TEV Study (if proposed for waiver. if available) c) Appraised by: In house of the company. Detailed Project report is annexed. Cash Credit Limits of Rs. b) Project/Purpose: i) Description: Construction of Volkswagen showroom in Nellore.00 Lakhs. As the request of the Company is genuine. directors. 1103. company. having major stake I the SPV: M/s. DSCR 1.e. Vijawada and Nellore with its in house appraisal. ii) Key Project Parameters: Project Cost Rs. group concerns figure in defaulter/willful defaulters list: Circle: Branch: Company: VIJAYAWADA Governorpet Branch M/s.00 Lakhs Debt/ Equity Ratio 1. specified) Average Tenor 83 Months Gross Avg. Security Margin Details of sponsor. 500. 700. Nov Tenor of the loan (moratorium to be 2012 – interest as and when debited.26 Section A6 SYNOPTIC APPRAISAL MEMORANDUM FOR TERM LOAN: a) Whether names of promoters. justifications to be given): The Company has requested for waiver of TEV study by approved consultant as it has already established successfully show rooms at other places Vizag. ATR Warehousing P Ltd a) Name (Details to be furnished here if available) b) Credit Enhancement Mechanism (Available/ not available) – (Details to be furnished.00 Lakhs. 250.46% 83 variable monthly instalments w .73 Promoters’ Contribution 36. ATR CARS PRIVATE LIMITED (Nellore) Term Loan/DPG: a) Proposal: Sanction of Term Loan of Rs. f . . we recommend to ZOCC (V) for according approval for waiver of the TEV study for the project.

3.75 Development P&M Other assets Prel. Equity: Promote Others Total r (a) (b) (c=a+b) Building & Site 533. cash flow comfort and other requirements b) Internal accruals: Details relating to availability/ adequacy of surplus to be commented upon ) e) Remarks on Cost of project & Means of finance* (in brief): * to include analysis of Group equity plans for the projects .00 1103.75 lacs out of total cost of the project 1103.73 [@ IDC – interest during construction. in case of Investments from Associates .75 403.Means of Finance : The promoters’ contribution in the project is Rs. as a component of preliminary & preoperative expenses] Promoter’s contribution: 36. Total equity contribution 403.00ii) ECB iii) Debentures iv)Unsecured loans v) Others. furniture.54%.00 iii) Internal Accruals* 403. e.00 i) Secured Loan (Term 700. Building Construction. and Pre-op. 4)Production factors : The Company is presently doing its operations in the partly .00 B.Project implementation Schedule : As mentioned above.Cost of the Project : The cost of the project consists of the cost of construction/completion of the Workshop premises. Total Debt (i+ii+iii+iv+v) 700. projected cash flows & leverage 1.54% a) Sources of Promoter’s funds to be specified.their Cash Accruals to be examined over the project implementation period with reference to past performance. It also started the construction of their own building.27 e) Cost of Project.75 (i+ii+iii) 55.403. Debt 50. investments to be liquidated.g details of assets.75 A. cost of machinery.75 lacs works out to 36.00 Loan) 25.75 Total 1103.00 ii) Pref.75 lacs pertains to the site Development. Shares 140. fixtures and completion of automobile sheds etc. debt servicing requirements/ CAPEX. The amount of Rs.1103. expenses Deposits Deposit for BG Margin WC Margin 300. Means of Finance and Key Project Parameters: (Rs. in lakhs) Cost Means of Finance Land A.75Total (A+B) Debt Equity (B/A) 1. current trends. the Company has already commenced its operations. if any B.75 i) Equity Shares 403. 2.

In view of the above. with minimum infrastructure for the sale/servicing works of the Volkswagen vehicles.22 786.75:1.31 578.76 113.95 2. It is observed that the DSCR is higher only during the latter period of the loan tenor.86 124.51) 58.91 124.26 76.13 281.12 201.02 78.32 Depreciation Interest on Term Loan 8.01 43. the Average Gross DSCR is considered as satisfactory reflecting adequate cash surplus available to the unit for the repayment of Term Loan throughout the repayment period.43 40.52) (7.85 58.32 306. thus reducing the repayment period may put a strain on repayment capacity of the unit in the first few years.08 2012-13 2013-14 2014-15 875.71 183.36 709.01 53.08 - 1.85 - .99 328.68 322.40 66.08:1 which does not comply with our norm of a minimum of 1.22 Total .39 453.02 246.62 1.A B) DEBT Repayment of Term Loan Repayment of Interest on Term Loan - 10.RATIO .82) 28.94 128.29 164.26 220.04 224.87 129.86 124.01 106.5 201516 201617 201718 643. 8) Security Margin : (Rs.54 280.38 0.26 76. in Lacs) 2011-12 WDV of fixed assets Aggregate TL/DPG 767.08 1.00 22.43 40.54 - 201920 450.25 94.08 104. However.12 1.76 113.64 586. DSCR in the later years has picked up and therefore.35 95.53 7) Comments on DSCR: The Average Gross DSCR of the Firm works out to 1.17 703.20 57.B 0.30 74.86 297. The DSCR is lowest in the year 2012-13 at 1. we recommend to ZOCC to accept the Term Loan tenor of 83.79 203.40 1.85 58.01 4.27 1.53 which is acceptable as the same is above our minimum norm of 1.28 completed showroom at Nellore.86 0.92 76.01 4.78 535.55 201819 490.35 95.86 124.58 88.(A/B) D) Average DSCR 1. 5) Marketing : Not Applicable as the Company is engaged in the dealership of the passenger Cars of Volkswagen Motors which is having good brand value and the Principal is taking care of the promotional activities of the vehicles.18 279.77 22.86 124.77 220.22 (23.38 C) DSCR . f) Overall viability and acceptability of the proposal : 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 (31.92 A) SERVICE Net Profit as per P& L A/c Add: Total .62 173.25:1 throughout the repayment period.01 43.

Rs.11. 8.56 % 86. 8. Rs.07. we recommend for sanction of Term Loan of Rs.(floating .2012.03. 8.000/Rs.70.73% 68.000/Rs. promoter’s profile and the satisfactory projected financials.15 507.74 490. 8.82.000/Rs.98.000 62. The variable repayment schedule of the Term Loan is as under:Period No.35% 33.00 % 100. Rs.000/Rs.49 440. Rs.70. 8.70.700.98. of instalme nts June 2012 to March 2013 9 Apr 2013 to March 2014 12 Apr 2014 to March 2015 12 Apr 2015 to March 2016 12 Apr 2016 to March 2017 12 Apr 2017 to March 2018 12 Apr 2018 to October 2019 7 Apr 2019 to Aug 2019 1 Amount of Monthly installment Rs. 9) Break-even and sensitivity analysis and whether acceptable : Not carried out as the Company is not a manufacturing unit and is engaged in the sale and servicing of the Volkswagen Vehicles.92.09 297.35% in the year 2011-12 and is considered as satisfactory.00 lacs to the Company for completion of showroom workshop premises at Rajahmundry for undertaking its authorised sales / servicing works as dealer of Volkswagen Vehicles.07.75% p.000/Rs.54 450.37 % 86.2012.2012 and last instalment 30.98.29 outstanding Security margin available % of margin. 89.70.98.07 % 100.000 1.75.000/Rs. 8.07. . 14) Environment and Sustainability implications: Nil g) Overall viability and acceptability of the proposal : Keeping in view the Company’s business prospects.70.98.000 8. Rs. Rs.24 460.000/- Total amount Rs.@ 4. Interest on the Term Loan is payable as and when debited.35% 53. Rs. 64.000 1.07.11. 11)Repayment Schedule: The proposed Term Loan will be payable in 83 monthly variable installments as under.92. 8. 8.98.09 333. The rate of interest corresponding to the rating is 14.000 1.000 12) Pricing by other major Banks / FI and justification of the proposed pricing: 13) Compliance of the project with environmental / social / statutory requirements: Complied with.50% above SBH Base Rate) on the term loan.94% 42.000 1. The first installment of the Term Loan falls due on 30.00 % Comments on Security Margin : The Security Margin is lowest at 8. 10) CRA & Proposed pricing: The credit rating of the unit is carried out and the unit was assigned a risk rating of SB-9 based on the audited financials as on 31. the first full year of operations.07.85 8.000 1.03 381.98.a.000/Rs.

Volkswagen for lifting of stocks from the car company to the Nellore unit.2013. 500. A5. Details of appraisal of working capital is described at Section B 2 of the proposal.38 250.00 lacs for completion of workshop at Nellore.51 - 2.26 (0. P Ltd. ii) Term Loan of Rs.00 lacs for the year ended 31.00 lacs to run the company’s Nellore showroom/workshop.26) 250.00 lacs to be issued in favour of M/s.. we recommend to ZOCC (V) for sanction of the Fund Based Working Capital Limits (CC-Hyp) of Rs.03.700. The branch/company has requested for sanction of WC limits of Rs.00 - Other sanctions : i)Cash Credit(Hyp) Limit of Rs.00 lacs for its Nellore unit for a period of one year.62 0.31 0.250. in lakhs) Curryear Proj for following year 2764. 700. Based on the ABF assessment.00 lacs to the Company for completion of showroom workshop premises at Rajahmundry for undertaking its authorised sales / servicing works as dealer of Volkswagen Vehicles. 250. as the same security is . ATR Warehousing Co.00 lacs for completion of semi finished show room at Rajahmundry The company has requested for sanction of Rs. we recommend for sanction of Term Loan of Rs. B-1 and B-2) a) Working Capital : Sl Particulars No 1 2 Net sales Inventory/NetSales + Receivables/ Gross Sales (days) 3 Net Sales to Total tangible Assets 4 ABF/ TCA 5 S Cr/ TCA 6 OCL/ TCA 7 NWC/ TCA 8 FB WC 9 NFB WC Brief Comments: b) Last Sanction Estimated Actual ( Rs.30 Section A7 a) Justification for the proposal: (Only bullet points): (Other than those covered in Section A4.250.52 2.30 0.06 - 5580. i) Dilution of security for M/s. 700.00 lacs for a period of one year. 250. promoter’s profile and the satisfactory projected financials. the Fund Based working capital requirement of the Company is estimated at Rs.00 - 0. As per the request of the branch and Company. A6.Keeping in view the Company’s business prospects. Details of appraisal of Term Loan is described at Section B 1 of the proposal.57 1. iii) The Company has requested for Bank Guarantee Limit of Rs.

00 2716.60 250.92% to 183.00 3158. Ac.09.00 1000.00 CC 1000.08.15 %.876 cents in Survey no. ATR Cars P Ltd.2010.45 lacs valued by Sri Lt.00) 4974.45 Security coverage % 416. B. in lacs) Irregularity 11. Rent Plus 400.2012 1000.15 The ZOCC (V) is requested to note the dilution in overall collateral security coverage from the existing 273. Vijawada and Nellore .59 (Rs..31 extended to the current exposure of M/s. Visakhapatnam district of A.00 400.93 1816.00) 4558.Sahoo.00 1011.45 Steel City Properties (1820.00 273. panel valuer. col.2010 and renewed the same on 04. Collateral : Extension of Equitable Mortgage of the property as under : Details of Security* Total Value E M of Industrial land adm.45 Steel City Properties 416.00 350.92 183. 62/1 and 65/1 in Mindi village. Rent Plus CC ATR Cars P Ltd CC TL BG “ 400.K. and the super structures thereon valued at Rs.45 4558. 4974.00 250..45 ATR Warehousing P Ltd.36 -- The collateral security is as under : b.00 (1820. Existing Facility Proposed 4974.00 ATR Warehousing P Ltd.10.P.07.00 325.45 3158.44 326.2012: Facility Limits Cash Credit (Hyp) Term Loan 1000.36 353.00 DP O/s as on 19. ii) Waiver of TEV study The Company has requested for waiver of TEV study by approved consultant as it has already established successfully show rooms at other places Vizag. M/s. ATR Warehousing P Ltd.4. Gajuwaka. The promoter company of M/s. was sanctioned the following credit facilities by ZOCC (V) on 02. ATR Cars P Ltd.00 Total exposure Overall Security coverage % 400. vide report dated 23.

we recommend to ZOCC for waiver of the TEV study by an approved consultant for the proposed project at Rajahmundry. The company has requested for continuation of the same.10. we request the ZOCC (V) to note the position. etc . The company is promoted by reputed M/s. the company is availing the Bank Guarantee of Rs. a) Justification for the proposal: (Only bullet points) (Other than those covered in section A4. & Bank Guarantee). We request ZOCC (V) to approve the same. B-1 and B-2) The proposal is considered as a fair banking proposition in view of the following:  The Directors of M/s.ZOCC is the deviation approving authority) The credit rating of the Company has been carried out based on the Audited Balance Sheet for 2011-12 and has been assigned CRA rating of SB 9 and Facility Rating of FR 2 (Cash Credit(Hyp). We request ZOCC (V) to approve 10% cash margin on the Bank Guarantee as against minimum stipulated 25%. Term Loan.00 lacs at Indian Bank Gajuwaka branch. ii) The credit rating SB 9 assigned to the Company based on the Audited Balance Sheet for 2011-12 The credit rating of the Company has been carried out based on the Audited Balance Sheet for 2011-12 and has been assigned CRA rating of SB 9 and Facility Rating of FR 2 (Cash Credit(Hyp). iii) The marks scored by the company (23.. d) Noting i) The deviations in take over norms approved by G M (RNW SZ III) in respect of a) non achieving 3 years continuous profits and b) CRA rating of SB 9 as against minimum stipulated SB 6 The company could not meet 2 of the Take over norms viz. and the existing connection.37 marks under Financial Risk as against the minimum score prescribed 25 due to non-securing of marks in certain financial parameters like gearing ratio. As the request of the Company is genuine. Term Loan. & Bank Guarantee) The company has scored 23. Taking in to account the genuine reasons putforth by the company.A6. the competent authority to approve this deviation which was approved on 17. ATR Cars are from business family with good track records.2012. As the difference is within 25% of the minimum prescribed marks ZOCC (V) can take a view on the position. and on the request of the branch we have recommended to the GM (RNW SZ III). a) non achieving 3 years continuous profits and b) CRA rating of SB 9 as against minimum stipulated SB 6.37) in the Financial parameters of CRA rating as against the minimum prescribed marks of 25 (within 25% deviation . 400. Vizag at 10% cash margin. ATR Warehousing P Ltd  We have no exposure in the cars division of the company/group and with this our . Hence. iv) 10% cash margin on the Bank Guarantee as against minimum stipulated 25% At present. We request the ZOCC (V) to note the CRA rating assigned to the company.32 with its in house appraisal/expertise.A5.

250. company’s standing and the business potential.00 lacs is considered satisfactory.54%) out of the total project cost of Rs.33      exposure will be of 21. 500. ii) Waiver of TEV study iii) The marks scored by the company (23.06 lacs for FY 2013 Keeping in view the profile of the promoters. The firm’s stake in the project at Rs.00 lacs for its Nellore unit for a period of one year. P Ltd. the company has projected profits from FY 2013. and the request of the branch. 20696. 700..75 lacs (37.00 lacs for completion of semi finished show room at Nellore. To Sanction: i) Cash Credit(Hyp) Limit of Rs. iii) Bank Guarantee Limit of Rs. ATR Cars P Ltd.37) in the Financial parameters of CRA rating as against the minimum prescribed marks of 25 (within 25% deviation ZOCC is the deviation approving authority) iv) 10% cash margin on the Bank Guarantee as against minimum stipulated 25% To Note: i) The deviations in take over norms approved by G M (RNW SZ III) in respect of a) non achieving 3 years continuous profits and b) CRA rating of SB 9 as against minimum stipulated SB 6 ii) The following credit rating assigned to the Company based on the Audited Balance Sheet for 2011-12:- b) Borrower Rating Facility Rating SB-9 Cash Credit(Hyp) Term Loan Bank Guarantee FR-2 FR-2 FR-2 Recommended for sanction / approval / confirmation: Appraised by Assessed by Signature Additional Assessment by . ii) Term Loan of Rs. 700.53 will generate good cash surplus towards repayment of instalments and interest The company has made a turnover of Rs 12482. ATR Warehousing Co.31% in MBA The company has established show rooms where no other dealers of Volkswagen have show rooms Though the company has incurred losses during the initial years of operation.403. as the same security is extended to the current exposure of M/s.41 lacs for the FY 2012 and projected a turnover of Rs. The projected financials of the project with DSCR at 1.00 lacs for lifting of stocks from the car company to the Nellore unit To approve : i) Dilution of security for M/s. we recommend to the ZOCC for the following:b) Recommended for sanction / approval / confirmation.

34 Name Designation Place: Hyderbad Date: 01.12.2011 Credit Analyst Team Leader Deputy General Manager .

the same shall be obtained. Subsequently.35 ZONAL OFFICE CREDIT CELL ZONAL OFFICE -VISAKHAPATNAM Date : 18. 3) The branch shall get SBI Life Insurance business from the company/Directors/Employees Deputy General Manager (Chairman): Assistant General Manager (Member): Assistant General Manager (Member): .2012 CHIEF MANAGER (ZOCC) ZONAL OFFICE CREDIT COMMITTEE “Sanctioned/Approved/Confirmed/Noted” Meeting Date : Observations: 1) The branch shall obtain latest stock statement duly certified by the Chartered Accountant before release of the loan. branch/division wise and company as a whole.10. Ltd. 2) The insurance shall be done through SBI General Insurance Co. at every quarter end.

75% . Vijayawadae 2.36 SECTION A8 PROFILE OF THE BORROWER CIF No.No. Corporate Bodies Indian Public NRI/OCB Mutual Funds 0. Name Designation 1 AT RAYUDU MD 2 A AMMAJI A AVNASH DIRECTOR ABHPA0658E DIRECTOR AAMPA1094J 3 Identifiers DIN PAN AALPA9219L Full Address Passport Others 11-8-34 Daspalla Hills Vizag 03 4 5 [* Identifiers based on KYC guidelines] Details of Share-holding pattern of Promoter Directors : S. 1 2 3 Name of the Promoter / Director A T Rayudu Ammaji Anumolu Corporate – ATR Warehousing P Ltd No. Visakhapatnam – 530 003 . Nellore 3.. Addresses & Locations of the company : CIF No(s) .25 99. Description % of Holding Promoters Pvt. of Shares held 5000 5000 4090500 4 ii) Shareholding Pattern as on …………………. Rajahmundry Names & Addresses of the Promoters / Directors : S.Do - Registered Office (Full Address) Administrative Office (Full Address) Factories/ Production Centres (Full Addresses) 1.N A - ATR Cars P Ltd.No. Visakhapatnam 4.75 Value of Shares held % of share holding 0. Daspalla Hills.12 99. – Corporate Identity Number U50300AP2009PTC063215 PAN – AAHCA6327J 11-8-34.12 0.

and Consumer Goods and is assorted with land pieces at strategic locations Suited for Logistics across Southern India. ATR Warehousing P Ltd : Founded by Mr. Specific comments on ‘Right to recompense’ clauses needs to be commented upon Notional Loss NA Comments NA Brief Background of the company / Group & Management (To include competence / reputation/ corporate governance etc. Year Date of Existing Sanction FB WC TL Sanctioned NFB FB WC NFB TL Net Sales (only for the relevant period) CRA ( All credit sanctions including ad-hoc sanctions to be captured) ii. Associates and Directors (Please quantify). if any.T Rayudu in 1972. The group adopted the strategy of buying distressed companies which had land assets at strategic locations. the Company opened six ice factories and three cold storage Warehouses within a span of 9 months. The group is managed by the founder along with his son.37 Banks / Financial Institutions Foreign Institutional Investors Others Total 100 100 iii. ATR warehousing is the flagship Company of the group and controls all other Group companies through direct or indirect holdings. Particulars Loss/Notional loss/ Haircut suffered by the Bank on account of Write off/Compromise settlements/ References to CDR in respect of previous exposures on Companies floated by Related parties Groups. the group has been in a continuous evolution and expansion. Comment on change in shareholding pattern. Avnash Anumolu.): Group: M/s. Established in 1993 with ice cold storage space for Fisheries in Vizag (Costal Andhra Pradesh). built its first industrial . Gas. The Company owned land in Vizag and at the behest of Cairns Energy. The group has structured itself into different companies due to Control of land possessions under Urban Land Ceiling Act. The ATR group is into industrial warehousing for Oil. A. subsequent to previous sanction: Credit History (with our Bank): (Last 5 years for all segments) i. To cater to the urgent need for Cold storage warehousing. Mr.

Name of the Associate/Group Activity No. Brief write up on the Industry/ Sector and the Company’s standing (Comments on domestic/ international standing. The company’s credit requirement for Vijayawada and Visakhapatnam facilities have been funded by Andhra Bank. Rising competition in segment has kept sales per model flat over the past 5 years. and at Nellore in January 2011. Later. At present. 4. The company has set up a 3S facility (Sales + Service + Spares) of Volkswagen Cars at Vijayawada in the year 2009. Vijayawada. The credit requirement for Nellore show room has been funded by Indian Bank. business strategies and competitive advantage etc. the Company moved into Kakinada which was fast developing into a major oil & Natural Gas Exploration centre on the east coast.000 Mn The names of the group companies and their activity are as under :Sl. S/o Sri A T Rayudu . even as total sales have grown by 18 per cent. It has been proposed by the branch for take over of the BG limit as well as all the credit requirements of company’s Rajahmundry show room will be financed by us. especially the small cars category.2011 to ATR Cars for opening another facility at Rajahmundry. Pragati Fertilizer (P) Ltd Warehousing & Logistics 8. It signed contracts with Reliance Energy & SCHLUMBERGER for further expansion. Five new players entered this category. during 2005-06 to 2010-11. at Visakhapatnam in March 2010.38 warehouse for storing Cairn’s pipes which are used in offshore rigs. Steel City Properties (P) Ltd Warehousing & Logistics 3. market share. 400. ATR Logistics Warehousing & Logistics 10. manufacturers of Metal roofing sheets. Usha Tube & Pipes Ltd (UTPL).10. UB ELASTOMERS LTD(P) Ltd Warehousing & Logistics Visakhapatnam 9. penetration of cars & UVs in India is currently 9 per thousand people.00 lac for completing the show room . the Indian Bank has given a Bank Guarantee of Rs. Avnash Automobiles (P) Ltd Authorized Dealers for Maruti Suzuki Cars Visakhapatnam 5. MSIL lost clout in . The facility at Rajahmundry is partially set up and company has requested for Term Loan of Rs. In addition to it . gave another Letter of Intent dated 03. NAI AE&R.00 Lakhs for the purpose of lifting stock from M/s. the Company has around 75 acres of land bank which is valued at around INR 4. M/s Volkswagen Group Sales India Pvt Ltd (manufacturer of Volkswagen car). Gunadala Branch. The company has been selling Volkswagen Cars from August. This unaddressed potential has attracted more players to the cars & UVs segment. The para to conclude with the outlook for the unit) Currently. Concern 1. Hyderabad Commercial real estate Services ATR Cars Private Ltd. 250. Avnash Estates & Resorts Ltd. ATR Cars (P) Ltd Visakhapatnam Authorized Dealers for Volkswagen Cars & Vijayawada 6. Anmol Trading Corporation Trading (Import & Export).Mrs A Rayudu and Mr Avnash Anumolu. Gajuwaka Branch. 2010. : ATR Cars Pvt Ltd is a company promoted by Mr A T Rayudu .: Resorts & Property Development 7. Volkswagen for Rajahmundry show room of the company. Logistics & Warehousing Visakhapatnam 2. less than in than most developed markets.

In India it has established its facility i. as players look to expand their reach in smaller cities. Volkswagen India P Ltd. Consequently. In India it offers 5 models in luxury segment 1 in mid size and 1 in small segment. It is the largest single investment in India by a German company. with its share falling by 10 percentage points to 54 per cent between 2005-06 and 2010-11..e.5 per cent. Its headquarters is in Wolfsburg. Rising competition from these players has offered Indian consumers newer models at competitive prices. M/s. M/s. meters (around 2 Km). CRISIL Research believes that localisation and platform sharing will enable Indian automakers tackle rising competition in the coming years. thus pushing up their cost pressures. Volkswagen is a car maker with history of more than a century. . They are also driven by an under penetrated vehicle market and relatively lower operating costs. It has capacity to produce 1. More global automakers are setting up independent operations in India to capitalise on this growth. This will intensify cost pressures on players over the next 5 years. As competition intensifies. CRISIL Research expects the Indian automobile industry to more than double by 2015-16 from 2010-11 levels.000 vehicles per year. selling and distribution costs. 3800 crores). at Chakan in 575 acres and its buildings constitute 115 thousand sq.. Germany and the design and R&D support is provided from Germany. till date. as a percentage of total sales will also rise from current levels of 2.39 this segment. The facility was constructed in record 17 months and commissioned in 2009 by investing about 580 million Euros (Rs. carmakers’ R&D costs as a percentage of total sales. this will pressure existing market leaders to launch products more frequently at better prices. Moreover.10. will rise in the coming years from about 4 per cent as of 2010-11.

00 lacs for construction/completion of showroom at Nellore for retail sales/servicing of Volkswagen cars.75 lacs.75 Lakhs In house of the Company. Now they are completing the construction of the showroom at a project cost of Rs. Term Loan : a) Proposal : Sanction of TL of Rs.75 Lakhs Rs.00 lacs for completion of Nellore workshop premises b) Project / Purpose : Completion of construction of workshop premises ii) Key Project Parameters: Project Cost Debt Equity D/E Ratio Tenor of the loan Gross avg DSCR Min. 1103. 700.00 Lakhs Rs.53 Rs. Security Margin Promoter’s contribution c) Appraised by: Rs.40 Section B-1 APPRAISAL MEMORANDUM FOR TERM LOAN: Circle: VIJAYAWADA Branch: GOVERNORPET Company: ATR CARS PRIVATE LIMITED. b) Project/Purpose: The company has commenced Volkswagen cars showroom at Nellore in January 2012 in a semi-finished premises with their own funds. . Term Loan/DPG: a) Proposal: Sanction of Term Loan of Rs.1103. 403.73 83 Months 1. we recommend to ZOCC for waiver of the TEV study by an approved consultant for the proposed project at Nellore. 403. As the request of the Company is genuine.75 Lakhs 1. Vijayawada and rajamundry with its in house appraisal/expertise. 700. 700. justifications to be given): The Company has requested for waiver of TEV study by approved consultant as it has already established successfully show rooms at other places Vizag. d) Details of TEV Study (if proposed for waiver.

is M/s.00 700. and Pre-op. 2010.73 Promoters’ contribution: a/A% 37.00 ii) Pref. Visakhapatnam. Volkswagen Cars India P Ltd and has been selling Volkswagen Cars from August.00 i) RTL 25.75 i) Equity Shares 403.) The main promoter of M/s. Means of Finance and Key Project Parameters: Cost Means of Finance Land A.75Total (A+B) Debt Equity (B/A) 1. Gunadala Branch.75 403. Rajamundry and now at Nellore. ATR Warehousing P Ltd.00 B.. Gas.75 700. 1. Shares 140.75 - Total (c=a+b) 403.54% f) 403. The credit requirement for Nellore show room has been funded by Indian Bank. Debt 50. expenses IDC @ Contingencies WC Margin 300. The company has so far established authorized dealership show rooms at Vijayawada. It has been now been proposed by our MSME branch.75 Remarks on Cost of Project ( CoP) & Means of Finance ( MoF) (in brief): (comments on MoF to also include promoter Group’s equity commitments during project implementation period in the context of Group’s projected free cash flows & leverage over the period. Gajuwaka Branch.00ii) ECB iii) Debentures iv)Unsecured loans v) Others. ATR Cars P Ltd.27 lacs. for sanction of all the credit requirements of company’s Nellore show room. Vijayawada.41 e) Cost of Project. and Consumer Goods and is assorted with land pieces at strategic locations suited for Logistics across Southern India. The company has taken authorized dealership of Volkswagen cars from M/s. Equity: Promote Others r (a) (b) Building 533. if any Total Debt (i+ii+iii+iv+v) Total 1103.00 iii) Internal Accruals* Total equity contribution (i+ii+iii) 55. Visakhapatnam.Cost of the Project : .00 1103.190.75 P&M Other assets Prel. The company’s credit requirement for Vijayawada and Visakhapatnam facilities have been funded by Andhra Bank. promoted by high networth individuals having adequate means to infuse the remaining contribution of Rs. All the Directors of the Company are businessmen with varied interests in industrial warehousing for Oil.

00 11. The present project is for completion of .00 18.75 lacs out of total cost of the project 1103.403.25 5 Electrical Items 45. Share Capital – Company Term Loan from bank Total (Rs lacs ) 403.75 Borrowers % Margin Bank Finance 403.75 3.0 0 75.00 Buildings 483.75 6 Office Equipment 20.00 100% - 2 3 Total 1.00 50% 25.42 (Rs in lacs) S No Particulars Cost 1 Site Development 50.00 100% - Deposit for BG Margin 50.00 100% - Working Capital Margin 25.00 1103.00 25% 15. the Company has already commenced its Showroom operations in the partly completed owned premises at Nellore from mid January 2012.00 7 Deposits 55.75 700.00 25.75 lacs works out to 37.75 700.75 29% 345.54%.Project implementation Schedule : As mentioned above.00 4 Furniture 75.25 25% 33.00 25% 225.00 25.75 25% 56.00 50.00 5.7 5 138.00 2.00 55.103.00 Plant & Machinery 300.Means of Finance : The promoters’ contribution in the project is Rs.

82 288.13 220.32 306.94 128.08 - 2.75 544.637813.29 164.81 183.20 143.82 .54 280.927209.87 491.43 40. 4)Production factors : The Company is presently doing its operations in the partly completed showroom at Nellore.86 124.22 94.83 183.38 85.52 14.85 58.01 6.13 281.62 1.52 27.2015.01 4.201812 13 14 15 16 17 18 19 Capacity utilization % Sales 2765.43 the partly constructed show room which will be fully ready by December 2012.2016.12 113.71 183.38 1.52 9.168494.15 279.40 1.12 201.26 76.92 326.69 OP -31. 5) Marketing : Not Applicable as the Company is engaged in the dealership of the passenger Cars of Volkswagen Motors which is having good brand value and the Principal is taking care of the promotional activities of the vehicles.27 1.35 95.115583.86 205.70 0.43 40.6 Net Profit -31.32 Cash Accruals-23.2012.86 124.35 95.56 140.26 220.09 2.22 0.01 4.63 430. with minimum infrastructure for the sale/servicing works of the Volkswagen vehicles.95 2.68 322.86 0.22 Interest TOTAL TL / DPG Existing repayments Loan Proposed Loans Interest TOTAL Gross DSCR Average Gross DSCR (23.2013.86 -1.2017.01 6.26 132.94 Cash Accruals -23.596760.669189.26 76.92 - - - - - - - - - 10.54 2764.92 494.01 16.04 225.06 5580.52 9.83 PAT -31.86 124. in Lakhs) PY 2 AUD PY 1 AUD CY FY Net sales 337.52 PBDIT Year 2011.22 94.91 124.85 58.93 PBT -31.86 297.51 6562.51) 33.156565.02 239. i a) Commercial viability (company as a whole): ( not applicable for SPVs) (Rs.23 355.12 113.92 326.52 8.31 302.01 106.25 282.52 9.87 129.47 1.2014.62 173.86 124.

15 507.12 113.03 381.99 643.40 1. we recommend to ZOCC to accept the Term Loan tenor of 83.92 326.04 225.13 - 281.91 124.22 94.25:1 throughout the repayment period.75:1.35 95.25 282.927209.09 2.51) TOTAL TL / Existing Loan DPG repayments Proposed Loans Interest TOTAL Gross DSCR - 33.54 703. thus reducing the repayment period may put a strain on repayment capacity of the unit in the first few years.82 1.01 6.01 0.37 86.53 which is acceptable as the same is above our minimum norm of 1.63 430.71 183.26 220.13 220.86 124.95 Average Gross DSCR Net DSCR 1.2012.52 27. 8) Security Margin : (Rs.32 - - 10.2015.15 6565.17 875.22 453.49 440. However.35% 33.86 - - 297.08:1 which does not comply with our norm of a minimum of 1.64 78.82 i b) Commercial viability (Current project): Year 2011.115583.01 Interest (23.16 8494.62 1.29 164.637813.86 124.596760.43 40.36 328.85 - .12 113.75 544.78 74.2017-18 12 13 15 16 17 Capacity utilization % Sales 2765.86 205.85 58. the Average Gross DSCR is considered as satisfactory reflecting adequate cash surplus available to the unit for the repayment of Term Loan throughout the repayment period.31 0. in Lacs) 2011-12 WDV of fixed assets Aggregate TL/DPG outstanding Security margin available % of margin.26 76.56 86.54 Cash Accruals -23.54 450.09 297.85 58.00 450.08 578.01 16.62 173.12 201. In view of the above.31 786.86 124.52 9.15 - - 279.24 460.35% 53.07 100. DSCR in the later years has picked up and therefore.27 1.74 490.87 - 2.55 - 64.66 Net Profit -31.94% 42.2013-14 2014.35 95.43 40. 201516 201617 201718 201819 201920 2012-13 2013-14 2014-15 767.5 203.94 128.2016.47 1.26 76. The DSCR is lowest in the year 2012-13 at 1.86 0.01 106.39 709.73% 68.01 6. It is observed that the DSCR is higher only during the latter period of the loan tenor.02 535.81 183.02 239.30 490.00 100.09 333.85 8.82 7) Comments on DSCR: The Average Gross DSCR of the Firm works out to 1.44 Net DSCR 1.68 322.79 586.

92. Rs. 11)Repayment Schedule: The proposed Term Loan will be payable in 83 monthly variable installments as under. Rs. 8. 89. the first full year of operations.000 8.a. 8.2012.000/Rs.(floating .70.98. 8.2012 and last instalment 30.75.75% p. promoter’s profile and the satisfactory projected financials.50% above SBH Base Rate) on the term loan.000 1.70.03.000/Rs.2012.07.98. Rs.98.35% in the year 2011-12 and is considered as satisfactory. The rate of interest corresponding to the rating is 14. Rs. 9) Break-even and sensitivity analysis and whether acceptable : Not carried out as the Company is not a manufacturing unit and is engaged in the sale and servicing of the Volkswagen Vehicles. 8.11.98.70.000 1. 14) Environment and Sustainability implications: Nil g) Overall viability and acceptability of the proposal : Keeping in view the Company’s business prospects.000/Rs. we recommend for sanction of Term Loan of Rs. Rs. 8. Rs.98.70.000 12) Pricing by other major Banks / FI and justification of the proposed pricing: 13) Compliance of the project with environmental / social / statutory requirements: Complied with.700. The variable repayment schedule of the Term Loan is as under:Period No.000 1. Rs. Interest on the Term Loan is payable as and when debited.98.11.07.92. 8. The first installment of the Term Loan falls due on 30.000/- Total amount Rs.07.000/Rs.07.000 1. 1) The project cost details to be vetted by Chartered Accountant.98.82.000 1. 8.07.000 62.00 lacs to the Company for completion of showroom workshop premises at Rajahmundry for undertaking its authorised sales / servicing works as dealer of Volkswagen Vehicles. of instalme nts June 2012 to March 2013 9 Apr 2013 to March 2014 12 Apr 2014 to March 2015 12 Apr 2015 to March 2016 12 Apr 2016 to March 2017 12 Apr 2017 to March 2018 12 Apr 2018 to October 2019 7 Apr 2019 to Aug 2019 1 Amount of Monthly installment Rs. 2) Branch is advised to release the Term Loan on prorate basis only after the company brings its margin upfront 3) Chartered Engineer’s certificate to be obtained after completion of the project to verify the end use of funds 4) COD to be obtained from the company after completion of the project % .@ 4.000/Rs.45 % % % % Comments on Security Margin : The Security Margin is lowest at 8.70. 10) CRA & Proposed pricing: The credit rating of the unit is carried out and the unit was assigned a risk rating of SB-9 based on the audited financials as on 31.000/Rs.000/Rs. 8.

Payable in 12 M S Creditors 46.72 - - Amount Da ys FG 785.78 - 90.38 17.19 - 76.Turnover Method.05 1336.26 20.92 - 124.86 92.46 Section B-2 Appraisal Memorandum for Working Capital: (If the assessment of the WC limits is based on any other parameters.98 14.00 1335.86 .86 124. like Cash Budget method. Nayak Committee.71 Amount Da ys SIP - - - - - - - - - - - - 1371. please specify them along with an explanation) a) Overall viability and acceptability of the proposal : Inventory/Payments 2011-12 2012-13 2013-14 Raw material -Imported - ( Rs.28 124.68 Amount Day s Receivables Amount Day s TL insl. in lakhs) 2014-15 - Amount Da ys - -Domestic 11.

Domestic Amount Days Other Current Assets 480.00 - - 480.79% 17.35 839.44 NWC -135.09% 41.00 250.449.17 1.86 WC Gap 363.36% - 39.40 844.462.86 604.00 - 480.73% - NWC/TCA (%) BF/TCA (%) OCL/TCA (%) OCA/TCA (%) LC/SC(%) 590.25% 41.21 1.00 16.20 574.86 604.88% - 17.47 .31% 41.65% 56.17 857.70 - .00 - 480.01% 29.444.93% - 40.Import Amount Days .20 BF 250.00 604.00 250.00 250.36% 17.30 OCL 480.00 - Amount b) Assessed Bank Finance: Assessed Bank Finance Year TCA 2011-12 2011-12 2012-13 2012-13 2013-14 2013-14 2014-15 2014-15 843.26 1.

2012 0.00 . in lakhs) Outstanding BGs as on 31.00 Financial : Performance : Margin (Proposed): 50. between Usance available & Sundry Creditors : e) Assessment of BG limit: (Rs. purchases should be net of duties.00 Recommended BG limit 500.48 c) Assessment of EPC / FBD limits : (Not Applicable) Sl.03.03. No. AS ON 31st MARCH ACTUAL A EPC A1Annual Export Sales A2Exports Per month A3Average RM holding (in months) A4Average processing period (in months) A5Total requirement [A2 x(A3+A4)] Less : Margin A6EPC Limit Recommended B PSC B1Average export receivables (in months) B2PSC required (A2 *B1) B3FBD Limit Recommended C Total export finance required (A6+B3) d) Computation of LC limits for WC: Not Applicable Foreign LCs ESTIMATE PROJECTION NA Domestic LCs Total LCs Total Purchases of RM (Esti/Proj) Procurement out of LC (%) Monthly RM purchases out of LC* a) Usance (average) NA b) Lead time (average) Total Time (a + b) LC Limit required Recommended LC limit Documentary : Non Documentary : Margin (Existing / Proposed): Usance / Sundry Creditors : *In case of foreign LCs. if any.00 Add: BGs required during the period 31.03.2013 Less : Estimated maturity/cancellation of BGs during the 0. Comments on mismatch.00 period Requirements of BGs 500.00 31.2012 to 500.

49

(In case of EPC Contractors/ Construction industry detailed assessment in respect of
Guarantees issued for Bid bond, Mobilization, Performance, Retention, Other BGs be
provided)
The company has availed a Bank Guarantee of Rs. 400.00 lacs from Indian Bank Gajuwaka Branch, for lifting stock
from the company to its Rajahmundry unit , in favour of M/s. Volkswagen Group Sales India P Ltd., issued for a period
of one year and valid up to 23.11.2012.
The company has requested for takeover the Bank Guarantee limit from Indian Bank, Vizag,
along with the sanction of WC/TL facilities to its Rajahmundry unit. We have issued a letter of
intent for taking over the BG limit to the Indian Bank. The credit opinion report and B G letter
submitted by the Indian Bank is enclosed.
We propose to take over the limit by issuing a letter of comfort to the bank. As the BG is due to
expire on 23.11.2012, we will issue a fresh BG in favour of the M/s. Volkswagen Group Sales India P
Ltd., . In case of any devolvement in between the due date we will honour the Bank Guarantee
based on the letter of comfort issued to Indian Bank, Gajuwaka branch.
S
BG Parameters
Particulars
No
1
Limit
400.00 lacs – To be taken over from Indian
Bank, Gajuwaka branch, Vizag.
The
existing BG issued by them is due on
23.11.2012.
2
Cash Margin
10% - The applicant has to deposit a cash
margin of on Non-fund based limits in the
form of Bank’s Special Term Deposit.
3
Security
i) Counter Indemnity of the borrower.
ii)Extension of Charge over current assets,
all collaterals available to Working
Capital/TL
limits should cover Bank
Guarantee limit also.
4
Purpose
Lifting of stocks from M/s. Volkswagen Group
Sales India P Ltd., .
5
Period of B G
12 months
6
Commission
As per banks standard rates
Assessment of BG limits for EPC contractors/ Construction Industry : N A
Comments on mismatch, if any, between Mobilization BGs given and Advance payment Outstanding
l)

Assessment of Credit Exposure Limit (Forward Contract Limit):As per Annexure-2. - Not Applicable
Assessment of BG limits for EPC contractors/ Construction Industry (Not Applicable)

f)

Assessment of Credit Exposure Limit (Forward Contract Limit): Not Applicable

50

Section C
Standard Terms & Conditions:
Circle:
Branch:
Company:

VIJAYAWADA
GOVERNORPET
ATR CARS PRIVATE LIMITED (Nellore)

Security:

a. Primary
Facility
CC (HYP)

TL

Details of Security*

Type of Charge

Hypothecation of the Stocks Hypothecation
(Cars), Spares and other
Receivables, both present and
future, of the Company.
All the equipment, plant & Hypothecation
machinery, Electrical fixtures
furniture and fittings and all
other movable assets at the
company’s workshop
is
situated in a leased industrial
shed premises at 69-31-14,
Sriramnagar,
Rallacheruvu,
Opp.
FCI
godowns,
Rajahmundry – 533103.

Value**
Rs in lacs

Date of
valuation

Basis of
valuation

1103.75
as per
project cost

BG
*To include detail like Khata no./ Survey No./ Patrta No.etc, Flat no, House no, Area/extent of land, address.
** In case of Consortium/ MBA Accounts our share to be provided. Details of Total Security for the facility and for the
Banking System may be shown in brackets
Collateral : Extension of Equitable Mortgage of the property as under :
(Rs. in lacs)

Details of Security*
Total Value
E M of Industrial land
adm. Ac.4.876 cents in
Survey no. 62/1 and 65/1
in
Mindi
village,
Gajuwaka,
Visakhapatnam district of A.P.
and the super structures
thereon valued at Rs.
4974.45 lacs valued by Sri
Lt. col. B.K.Sahoo, panel
valuer, vide report dated
23.08.2010.

Existing
Facility

Proposed

4974.45
Steel City Properties
416.00
(1820.00)

4974.45
Steel City Properties
(1820.00)

4558.45
ATR Warehousing P Ltd.
Rent Plus
400.00
CC
1000.00

416.00
4558.45

ATR Warehousing P Ltd.
Rent Plus
CC

400.00
1000.00
3158.45

3158.45
ATR Cars P Ltd

51
CC
TL
BG “
400.00
Security coverage %
Total exposure

325.60

250.00
250.00

350.93

1816.00

2716.00

Overall Security coverage %

273.92

183.15

The branch is advised to obtain latest copies of EC s and verify our charge and keep on record.
Charges to be registered with ROC within 30 days of release of the facilities
Latest search report to be obtained and verify that our charge is persisting.
c. Guarantees:
i) Guarantee of Managing Directors/Directors of the company
Facility
CC 2.50 Cr
TL 2.62 Cr
BG 4.00 Cr

Name
A T Rayudu
Ammaji Anumolu
Avnash Anumolu

Net Means
10236.02
2353.24
3611.59

As on
31.03.2012
31.03.2012
31.03.2012

(Rs. in lacs)
Compiled on
15.10.2012
15.10.2012
15.102012

ii) Corporate guarantee of M/s. ATR Warehousing P Ltd.
In case of Corporate guarantee(s) -brief profile and financials of the company extending the guarantees executed by the
entity on behalf of the associate concerns to be given.
In case of personal guarantees, net worth to be furnished
d. Security Coverage:
(Rs. lacs)
Details of Security*
Total Value

Existing
Facility

4974.45
E M of Industrial land Steel City Properties
adm. Ac.4.876 cents in 416.00
Survey no. 62/1 and 65/1 (1820.00)
in
Mindi
village,
Gajuwaka,
Visakha- 4558.45
patnam district of A.P. ATR Warehousing P Ltd.
and the super structures Rent Plus
thereon valued at Rs. 400.00
4974.45 lacs valued by Sri CC
Lt. col. B.K.Sahoo, panel 1000.00
valuer, vide report dated
23.08.2010.
3158.45

Proposed
4974.45
Steel City Properties
(1820.00)

416.00
4558.45

ATR Warehousing P Ltd.
Rent Plus
CC

400.00
1000.00
3158.45

ATR Cars P Ltd
CC
TL
BG “

250.00
250.00

60 350. Thus.a. the collateral security coverage complies with our collateral security norms. MARGINS : (For Each Facility as Applicable) Cash Credit: Existing RM: Domestic RM: Imported SIP FG Receivables (Cover ---days) Letter of Credit BG TL / DPG Project LC Justification for deviation from existing margins.25% p.2012 CC (Hyp) 14.00 Security coverage % Total exposure 325. Security Coverage – SB: Existing including residual value(%) excluding residual value(%) Proposed including residual value(%) excluding residual value(%) Term Loan (%) Working Capital (%) Comment on infirmities in security creation. RATE OF INTEREST: CRA Pricing SB-9 based on Audited Balance Sheet as on 31.75% p. if any i. Deviation from existing security (if any) to be mentioned in the proposal. MARGINS: Term Loan 37.@ 5.50% above SBH Base Rate) as card rates T L 15.00 2716.54% C. if any to be provided in Section A 7above. Proposed 10% 37.(floating .54% D.00 Overall Security coverage % 273.92 183. Justification of deviation to be furnished in Section A7 e.93 1816. Please indicate time frame allowed for security creation: ii.15 Comments on Collateral Security Coverage : As per the MSME Policy guidelines.a. ECGC COVER: Not applicable f.00 % above SBG Base Rate) . the collateral security coverage required for any exposure is 75% in respect of non-manufacturing units.@ 4.03.52 400. (floating .

000/Rs. Repayment Schedule : Cash Credit : On demand Term Loan : The proposed Term Loan will be payable in 83 monthly variable installments as under.2012 and last instalment 30.07. Rs. F.20% for delayed drawdown beyond 2 months on G. Term Loan Margin : 37. 8.98.000/Rs. Rs.92. 89.000 1. 8.000/Rs. Rs.000 1.98.98.(400 X 650) Upfront Fees(on Term Loan) Loan).07.25% of the Term Equitable Mortgage Charges : Rs.70.20. : 1.92. H.98.07.000/- Total amount Rs.98.000 62.000 8. The variable repayment schedule of the Term Loan is as under:Period No. Rs.70. Rs. 8.53 E. I.70.000/Rs.60. Drawdown of Term Loan : The Term Loan should be released at the written request of the company depending on the progress of the work completed by ensuring the company’s stipulated margin.75.54%%. Interest on the Term Loan is payable as and when debited. Rs.000/Rs. Ltd.75.000 1.98.70.000 1. 8. 8. Rs.000/- Commitment Charges undrawn portion. 2.11.000/. 8. 8. K.07. 8. The first installment of the Term Loan falls due on 30.000/Rs.07.70. Processing Charges ( For CC (Hyp) & BG) : Rs. . 8. SBI General Insurance Co.000 Disbursement : The branch is advised to release the Term Loan directly to the Vendors alongwith the remaining margin money of the promoters.98.09. Insurance : All the Movable Assets (at the Workshop premises proposed to be fianced by us ) and Current Assets of the unit should be insured against all risks in the joint names of the Bank and the Company.000 1.82. : Rs.2019. The insurance shall be done from M/s.000/-(Upfront Fees @ 1. of instalme nts June 2012 to March 2013 9 Apr 2013 to March 2014 12 Apr 2014 to March 2015 12 Apr 2015 to March 2016 12 Apr 2016 to March 2017 12 Apr 2017 to March 2018 12 Apr 2018 to October 2019 7 Apr 2019 to Aug 2019 1 Amount of Monthly installment Rs. Inspection : Quarterly Intervals.000/Rs.

To be borne by the Firm. 12 months As per banks standard rates : The guarantee bond should be on the lines of the . Vizag. Indian Bank. Volkswagen Group Sales India P Ltd. 10% .  Obtaining Valuation Report on the properties offered as security by our panel valuer and conducting branch inspection of the properties to confirm the reasonableness of the valuation accorded by the panel valuer.e. 83 months MSME -Series Documents to be obtained.  Filing of our charges with ROC.The applicant has to deposit a cash margin of on Non-fund based limits in the form of Bank’s Special Term Deposit.00 lacs.54 L. i) Counter Indemnity of the borrower. ii)Extension of Charge over current assets.  Processing/ Upfront Fees/Mortgage charges should be recovered before release of Limits.. 2% p. to be obtained and held on record.a. Other Critical Covenants for Term Loan: Amount Tenor Security Documentation Penal Interest Pre-payment penalty Legal Expenses Other Critical Covenants Rs. for which they will submit undertaking to the Bank. a) Any cost overrun to be met by the Firm. . on the overdue interest and installment amount if the irregularity for 60 days and on the entire amount if it is for more than 60 days (persistent). d) Satisfactory Bankers Opinion Report on the Company from existing bank/branch. i. 2% of the prepaid amount if paid by other than out of the internal cash accruals of the Firm. M. TERMS AND CONDITIONS : BANK GUARANTEE Model S No 1 2 BG Parameters Particulars Limit Cash Margin 3 Security 4 Purpose 5 6 Period of B G Commission 500.00 lacs..700. c) The Company should agree for disclosures under RBI/ CIBIL norms. Lifting of stocks from M/s. in case of any arrears/ overdues in the loan account/ interest payments. Pre-disbursement Conditions :  Obtaining Legal Opinion Reports on the immovable properties offered as Primary and collateral security. b) Dividends cannot be paid without Bank’s prior permission. Agreement to Mortgage to be obtained from the Company. all collaterals available to Working Capital/TL limits should cover Bank Guarantee limit also.

the Company’s books of accounts and to have the Company/projects 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. which would furnish the required information to confirm that the particulars furnished by the Company in the statements are correct. In addition. 07. Any deviation is to be approved by Bank’s Law Officer before issuance of Bank Guarantee. Incorporation : The guarantee bond should be issued incorporating the following paragraph invariably: `NOT WITHSTANDING ANY THING CONTAINED HEREIN ABOVE.55 model circulated vide HO Circular No. Cost of such inspections shall be borne by the Company.11. General Covenants: i) The Bank will have the right to examine at all times. the Company will not without the permission in writing from bank a) effect any change in the capital structure. constant contact will be maintained with the beneficiary/ institution/department in whose favour the guarantee is issued to ascertain whether there are any aberrations or any breach of contract at any stage. UNLESS A DEMAND OR A CLAIM IS PREFERRED/ MADE UNDER THIS GUARANTEE IN WRITING WITHIN _________ DAYS FROM THE DATE OF EXPIRY OF GUARANTEE. Inspection : Control & Follow up : Inspecting Officials will be deputed at irregular intervals to verify the register of works completed. c) implement any schemes of expansion or acquire fixed assets. THE BANK SHALL STAND DISCHARGED OF THE LIABILITY UNDER THIS GUARANTEE. ii) During the currency of the Bank's facilities. Restrictive Clauses : Please also ensure to call for copies of letters of intent before issuance of Bank Guarantee to make sure that there are no restrictive clauses. The books of the firm are to be periodically examined to satisfy that the party is complying with the essential stipulations of the agreement.2001 and other circulars issued from time to time have to be complied with. . cheques received and such other books/registers etc. Adv/2001-2002/50 dt. All other control and follow up measures advised vide Head office Circular No. THE LIABILITY OF THE BANK UNDER THIS GUARANTEE IS RESTRICTED TO RS. Monitoring : It will be ensured that the conditions stipulated in guarantee bond are complied with by the Company. Adv/2001-2002/50 dt.2001.11.___________ (RUPEES ONLY) AND SHALL BE IN FORCE UPTO DATE. THE BANK SHALL STAND DISCHARGED OF THIS LIABILITY UNDER THIS GUARANTEE AND THE COMPANY/BENEFICIARY SHALL HAVE NO CLAIM WHAT SO EVER THEREAFTER’.. 07. b) formulate any scheme of amalgamation or reconstruction.

if any. the Company will inform the Bank accordingly with explanations and the remedial steps proposed to be taken. GENERAL: The credit facilities granted are subject to the directives issued by Govt. vii) The Company will keep the Bank advised of any circumstances adversely affecting the financial position of their subsidiaries including any action taken by any creditor against the subsidiaries. e) enter into borrowing arrangements either secured or unsecured with any other bank or financial institutions. and deposits. if. this will of course. g) declare dividends for any year except out of profits relating to that year after making all due and necessary provisions and provided further that no default had occurred in any repayment obligations. should be strictly complied with.56 d) invest by way of share capital in or lend or advance funds to or place deposits with any other concerns except in normal course of business or as advances to employees. v) The Company will maintain its net working capital position above the levels furnished in its projections for working capital finance. vi) The Company will keep the Bank informed of the happening of any event likely to have substantial effect on their profit or business. A declaration from the directors of the Company to be furnished as under: "I/WE HEREBY AGREE AS A PRE-CONDITION OF THE LOAN/ADVANCES GIVEN TO ME/US BY THE BANK THAT IN CASE I/WE COMMIT DEFAULT IN THE REPAYMENT OF . SBI and any other regulatory authority from time to time. the Bank's decision will be final and binding on the Company. iii) The Company will place with the Bank(and SBI) all its banking business including foreign exchange. f) undertake guarantee obligations on behalf of any other Company. be done in consultation with the Company. All the above facilities have been sanctioned for the purpose of the Company’s normal business requirements. RBI. the monthly production/sales are substantially less than what had been indicated to the Bank. viii) Any other terms and conditions.of India. which are not specifically covered herein but stipulated. iv) The Company should not make any drastic changes in its management set up without the Bank/'s permission. In the event of any difference of opinion arising as to what constitute current assets and current liabilities. for instance. the bank may immediately withdraw the facilities and recall the amounts due from you. If the facilities are used for any other purpose or the bank apprehends that the facilities are likely to be used for such other purposes by you. Company or otherwise. ix) The Bank will be free to suitably modify the terms and conditions detailed above whichever considered necessary.

relating to grant of the loans/advances/other non-fundbased credit facilities to me/us. (State Bank of Hyderabad) requires my/our consent for the disclosure by the Bank of. I/We. and b) the Credit Information Bureau (India) Limited and any other agency so authorized may furnish for consideration. the Bank (State Bank of Hyderabad). to banks/financial institutions and other credit grantors or registered users. Accordingly. I/We. in discharge of my/our obligation. hereby agree and give consent for the disclosure by the Bank of all such: a) Information and data relating to me/us. of the credit facility availed of be availed. relating to grant of the loans/advances/other non-fundbased credit facilities to M/s. Limited and furnishing of guarantee in relation thereto. THE BANK AND/OR THE RESERVE BANK OF INDIA WILL HAVE AN UNQUALIFIED RIGHT TO DISCLOSE OR PUBLISH MY/OUR NAME OR PHOTO OR THE NAME OF OUR COMPANY/ FIRM/UNIT AND ITS DIRECTORS/PARTNERS/PROPRIETORS/ GUARANTORS AS DEFAULTERS IN SUCH MANNER AND THROUGH SUCH MEDIUM AS THE BANK OR RESERVE BANK OF INDIA IN THEIR ABSOLUTE DISCRETION MAY THINK FIT. undertake that: a) the Credit Information Bureau (India) Limited and any other agency so authorized may use. . requires my consent for the disclosure by the Bank of. information and data relating to me/us. as may be specified by the Reserve Bank in this behalf. understand that as a pre-condition. in discharge thereof. I/We. understand that as a pre-condition. of the credit facility availed of/to be availed. if any. by me/us. the Bank. Jayabheri Automotives Pvt. as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Limited and any other agency authorized in this behalf by Reserve Bank of India." Finally. committed by me/us. process the said information and data disclosed by the Bank in the manner as deemed fit by them. From Guarantors I. b) The information or data relating to any credit facility availed of/to be availed. declare that the information and data furnished by me/us to the Bank are true and correct. the processed information and data or products thereof prepared by them. by me/us. by me/us. in discharge thereof. and c) Default. information and data relating to me.57 THE LOAN/ADVANCES OR IN THE REPAYMENT OF INTEREST THEREON OR ANY OF THE AGREED INSTALMENT OF THE LOAN ON DUE DATE (S). consent of the Company for disclosure of information to CIBIL to be furnished on the lines as under: I/We.

. the processed information and data or products thereof prepared by them. as may be specified by the Reserve Bank in this behalf. i) The Company ceasing or threatening to cease to carry on business. in discharge of my obligation. and c) default. c) The Company entering into any arrangements or compromise with its creditors or committing any act of insolvency. I. I. if any. b) the information or data relating to my obligations in any credit facility granted by the bank and guaranteed by me as a guarantor. or such portion thereof as may remain outstanding on the happening of any of the following or other events considered likely to jeopardize the bank's interests a) Any installment of the principal monies being unpaid on the due date for payment thereof. I. declare that the information and data furnished by me to the Bank are true and correct. hereby agree and give consent for the disclosure by the Bank of all/any such : a) information and data relating to me/us. and b) the Credit Information Bureau (India) Limited and any other agency so authorized may furnish for consideration. committed by me. b) The Company committing any breach or default in the performance or observance of the covenants in the mortgage deed executed by them. to banks/financial institutions and other credit grantors or registered users. Calling up of the loan: The bank will be at liberty to call up the loan. as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Limited and any other agency authorized in this behalf by Reserve Bank of India. process the said information and data disclosed by the Bank in the manner as deemed fit by them. d) Any interest remaining unpaid and in arrears for a space of three months after the same shall have become due. f) The Company going into liquidation (except for the purpose of amalgamation or reconstruction approved by the Bank) g) Any of the directors of the Company being adjudicated insolvent or taking advantage of any law for the relief of insolvent debtors. undertake that: a) the Credit Information Bureau (India) Limited and any other agency so authorized may use.58 Accordingly. h) A receiver being appointed in respect of the whole or any part of the property of the Company. e) Execution or distress being enforced or levied against the whole or any part of the Company's property.

Item • • • • • • • • • Corporate Salary Package P Segment Loans (Nos) (a) Housing (b) Auto Loans (c) Personal Loans SBI Credit Card (No.Rs. cost. ANNEXURE-1 Future Plans & Business potential(over a 3-5 year horizon) including Cross selling / Retail Marketing based on Co / Group’s future plans: (to be quantified). charges or any other monies payable by the Company.) Point of Sale Terminals SBI Corporate Card (No. l) If default is made in due and effective payment of legal expenses. imperil or depreciate the security given to the bank. commitment charges.59 j) The occurrences of any circumstance which is prejudicial to or impairs. impair. k) The occurrence of any event or circumstance which would or is likely to prejudicially or adversely affect in any manner the capacity of the Company to repay the loan.) SBI Life Business : (Premium ) a) Corporate Business b) Retail Business SBI General Insurance (Premium. imperils or depreciate or is likely to prejudice. crores) SBI Capital Markets Ltd Present Position – Whether Tied Up? (Yes / No) * Business estimated . In crores) SBI Mutual Funds (Gross investment – Rs.

please advise efforts made and outcome thereof .60 (a)Project Advisory & Loan Syndication (b) M & A (c ) Private Equity (d)IPO/FPO (e) Others (if any) (Potential Ticket size & when expected may be furnished against each applicable item) • SBI Vishwayatra Foreign Travel Yatra Cards (In USD) • Vendor/ Dealer Finance • Any Other (Please specify) * If no.

6.75% TL-1 15. in lakhs) Risk Capital Weighted Charge Exposure (H+G*13%) (G+D*E*F) .00 700.00 * After netting off financial / cash securities (as per Basel norms) (Rs. 4.00 500. 3. FBWC TL Corporate Loan SLC LC (Docum) LC (Non-docum) BG (Perform) BG (Financial) Proposed Effective CCF (%) Limits Exposure (E) (D) Risk Weight (%) (F) 250. 5.00 CEL Total 1450. 9. 2.25% TL-2 - MRFTP Rate % (B) Net Interest Margin % (C= A-B) External Rating:: Name of the External Credit Rating Agency Credit Rating assigned Date of Rating Rating valid upto Risk Weight applicable Capital Charge: Facility 1.61 ANNEXURE-2 ASSESSMENT OF DERIVATIVE LIMIT) CREDIT EXPOSURE LIMIT (FORWARD CONTRACT / Not Applicable ANNEXURE-3 EARNINGS & ROCC: Net Interest Margin: Facility Rate of interest charged % (A) CC 14. 8. 7.

/discount TL interest LC BG Forex Bills Others TOTAL ROCC(%) (Total Income *100/H) Estimates Interest Income NII Fee Total (Next Year) (U = Income Income (T) T * (V) (W) C/A) .62 Return on Capital Charge (ROCC): Actuals Interest NII Fee Total Income (Q = Income Income (Last P * (R ) (S) year) C/A) (P) WC Int.

Reply received 5. Information sought on changes in the revised business plan 12.2012 8. if any Data Chart: 1. Information recd 7. who visited Shri Pavan Kumar – Branch Manager Whether papers required for KYC obtained Yes (PAN/Articles/Memo etc)? Yes/No Advised the branch for compliance Date of Search Report obtained from ROC Formalities regarding obtention of legal Yes opinion/valuation report completed? (Yes/No) Whether CIRs obtained from existing Bankers? Yes (Yes / No) Other Observations. In Principle Note submitted 17. TL.63 ANNEXURE-4 Details of Due Diligence: Date of Pre-Sanction visit Place(s) visited Name(s) of officials. Date of submission to sanctioning authority (for sanctioning authorities up to the level of GM) 10. 03.2012 3. Nature of facility (ies) applied for: CC. BG.10.10.2012 4.10. Date of receipt of the proposal 03. Date of submission to CCCC if proposal is to be sanctioned by CCCC or higher authorities Appraisal: done by and date of completion Assessment: Done by & Date of completion Additional Assessment: done by and date of completion Designation Credit Analyst Team Leader/ AGM DGM/ GM Date Initials .10. Date of receipt of complete information 9. Discussions held with Company’s officials 6.2012 2.

Vizag Vizag 2011 NA(Banking with us) 2010 7.00 Standard on SB-5 based on on PBS as on 31.32 INCOME NET PROFIT LOSS / -0.N. Limited Warehousing & Automobile Dealer M/s.Agarwal Avnash Managing B.90 -20.13 SBH.00 -7. MSME Branch. Vizag 2010 NA(Banking with us) 10.56/0.00 -14. MSME Branch.2011 31.T. and BANKERS / Fis wef OPINION BANKS / FIs SBH. Director. Automobile Dealer for Bajaj vehicles ATR Ware housing P Ltd Warehousing & Logistics services and Contract Work from HCC Warehouses at Visakhapatnam. Ltd. Sriram Textiles Pvt. Steel City Properties Pvt.00 Standard 14. Kakinada and Hyderabad CONSTITUTION Private Limited Private Limited Private Limited Private Limited Company Company Company Company DIRECTORS / S/Sri/Smt.Rayudu B. Limited Trading in Iron & Steel products M/s.03.00 Standard on SB-7 based on ABS as 31.2011 31. Dwarakanagar Branch.03. Sri A.2011 120.90 Standard SB-7 based PBS as 31.03.03.49 .2013 31.03. Director.64 ANNEXURE -5 GROUP / ASSOCIATE ENTITIES / COMPANIES (Rs. in crores) PARAMETERS/ COMPANY ACTIVITY M/s.03.00 5.49 0.C.Rayudu.2011 NET SALES / 14. S/Sri/Smt.65 0.T.2012 Financials as on 31.00 15. Ammaji Anumolu.03. S/Sri/Smt.17 Smt. Avnash Automobiles Pvt.2011 The unit commenced its operations during 2012-13 SB 9 based on ABS 31.03.C. Dwarakanagar Branch. Vizag 2010 OF NA(Banking with us) FB LIMITS NFB LIMITS TOTAL LIMITS ASSET CLASSIFICATIO N CRA RATING 20.Agarwal S.Agarwal Anumolu Director Avnash Anumolu Anita Agarwal Harshita Anumolu Sri Avnash Aumolu.2011 17. PARTNERS A.

59 43.58 Standard Andhra Bank.67 313. in lacs) Outstanding as Purpose per ABS as on 31.41 497.30 1117. AXIS Bank. Vizag 15.09 13.20 Standard 0.00 10. Vizag APSFC.11 ATR Warehousing P Ltd. Main Branch.23 2537.73 172.70 Rent Discounting --do---do---do---do-Construction Equipment Loan(for purchase of Dumpers) --do-Term Loan Overdraft Vehicle Loans Details about Associate concerns (Not Banking with us) (Rs.00 353.01 1.85 --do-APSFC Axis Bank Shriram Transport Finance Co Ltd.01 0.99 322.70 20. SBH Total 300.03.46 0. Gajuwaka.00 463.00 350.98 2.58 -15.00 1200. Ram Gunadala. Vizag APSFC Vizag CONSTITUTION DIRECTORS/ PARTNERS BANKERS / Fis FB LIMITS NFB LIMITS TOTAL LIMITS ASSET 24.50 45.50 -0.45 22. Rajahmundry AXIS BANK Ram nagar Br.15 900.59 1182. Vizag IIFL Dwarakanagar.00 3175. in crores) ATR Infracons PARAMETERS/COMP ANY M/s.00 1200.00 500.41 8.74 12.00 192.48 400.2011 Name of the Bank Term Loan Limit Indian Overseas Bank --do---do---do-Indusind Bank State Bank of India 110.65 TNW NET BLOCK TOL / TNW CR 7. Limited ACTIVITY Warehousing & Automobile Dealer Private Limited Company A T Rayudu Automobile dealer Automobile Dealer for Volkswagen for Bajaj vehicles Private Limited Company A T Rayudu A T Rayudu SBI. Usha Tubes & ATR Cars P Ltd Pipes Pvt.94 0.50 Standard .00 Rent Plus Loan 6722.84 14. – M B A (Rs.68 1. Vizag wada Indian Bank. Vijaya nagar Br.

Pragathi Fertilizers Limited have not availed any credit facilities with any bank as on date.66 CLASSIFICATION M/s. and M/s. Visakha Infra Projects P Ltd. . .

67 ANNEXURE-6 CONDUCT OF VARIOUS FACILITIES* (Last 12 months period to be covered for all facilities) (+*Applicable for Accounts with Group turnover of less than Rs 1000 crores) (a) Cash Credit New sanction – Not applicable Particulars Last Financial year Current Financial year up to previous month Credit summation* Debit summation* Maximum outstanding Minimum outstanding Average outstanding No. of times and days the account was irregular Reasons for the irregularity(ies) Peak irregularity in the account. 100 crores) (a i): Comments: (b) Bills Facility : Not applicable No of days . if any No of times No of times No of days No. of days taken to adjust peak irregularity (* To be provided for accounts with exposure less than Rs.

Bank Guarantees : New sanction – Not applicable Movement Chart: Nature of Proposal Sanctioned under Discretionary Powers of Proposal received from Branch on Further information received from Promoter on Appraisal submitted to the CM (CR) on Appraisal submitted to the AGM (CR) on Appraisal submitted to the DGM (CR) on Appraisal submitted to the GM (SAMG) &GE(Corp.68 a) Letter of Credit : New sanction .WC/TL/BG ZOCC V .S. Bkg) Appraisal submitted to the HOCC I on Name and Signature (with S. No.) of the second Dealing official (s) involved in the transaction (Manager of Division / Branch Head) Zone / Region Branch Company New .Not applicable d).

However. The unit should have earned net profits The Company has incurred loss in initial years (post tax) in each of the immediately (2009-10 & 2010-11) of operation due to preceding 3 years. Due to this the TNW has been improve at Rs. it is a deviation and the GM (Operations) is competent authority to approve this deviation. The unit should score the minimum The company’s Financials score at 23.28 807.15 1791. takeover can be considered based on the track record for the available period.2012.65 104.2011.12/180 dated dt. as it has been in existence for a shorter duration. 262.74 83. we requested the GM (RNW SZ III) to approve the deviation. As per P&C/2011 . if the unit depreciation and interest on loan account resulting has been in existence for a lesser in loss to the company.02 21. projected to . the authority structure provided for permitting deviations will be used. The account should have been a Standard standard asset in the books of the other (Branch will be advised to obtain a certificate to bank/Fl during the preceding 3 years.69 ANNEXURE .49 lacs for the FY 2013. approving authority. Where a minimum history of at least 1 year is not available and where for specific reasons it is still considered appropriate to take over. which should normally be for at least one year.12.80 878. Hence.54 984.06 lacs. period. 881.10.37 is less scores as prescribed. 19. this effect from Indian Bank before take over However. if a unit is not having a track proposal is submitted) record for 3 years. under the various than the minimum prescribed financials score of risk segments.76 1583.7 Take over norms vis-à-vis compliance : Norms Compliances The advance to be taken over should be CRA rating has been carried out and the company rated SB 6 (old rating SBH-3) or above has been rated SB 9 based on ABS 2012. Year Gross Dep Net Block Block 2010 2011 2012 829. However. – Deviation – ZOCC(V) is the deviation Credit Risk Assessment. it should have earned net profit (post tax) in the preceding year of Depreciation : operation. the company has shown cash accruals of Rs.38 The net losses were eroding the Networth of the company. in the revised model for 25 marks. 51. Approved on 17.95 lacs during 2012 and projected a net profit of Rs.

we recommended to GM (RNW SZ III) to approve the deviation. Not applicable Compliances Not applicable Complied with(Take over from Indian Bank is proposed) Not applicable. Take over of units not complying with any one or more of the norms prescribed and takeover of rescheduled loans to be approved / sanctioned by respective sanctioning authority not below the level of ZOCC/ROCC/ HOCC –III.70 Also the total liabilities were showing a stabilising trend from Rs. generally. If sanction of fresh term loan is proposed along with the takeover. Term loans from State Financial Corporations may be taken over selectively. As per P&C/2011 . may be permitted to extend normally up to 10 years. it is a deviation and the GM (Operations) is competent authority to approve this deviation. flexibility may be allowed in the quantum of periodical repayments. while the original time frame for repayment will be generally adhered to. 5484.12. if a rephasement was necessitated due to external factors and viability of the unit is not in doubt. by the existing FI / Bank after commencement of commercial production. Approved on 18.22 lacs in 2010 to Rs. However. Take over of units from SBI & Associate Banks is not permitted. .2012. 1265. The Term Loan proposed to be takenover should not have been rephased.2011. Hence. Due to these factors the TOL/TNW is expected to improve. if necessary.10.01 lacs in 2013. the remaining period of scheduled repayment of the term loan should be at least 2 years.14 lacs in 2012 and to Rs. Norms When only TLs are taken over. such proposals may also be considered for sanction on a case to case basis. 5911. 19. the schedule of repayment for the existing term loans.12/180 dated dt. For takeover of existing TLs.

71 .