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1.

MARKET ANALYSIS
SWOT Analysis of ABC Electricals:

STRENGTH:
The borrower is well
known in this field. The
unit enjoys good

WEAKNESS:
Nil

reputation.

OPPORTUNITY:
The unit does
specialized items. Good
opportunity.

THREAT:
No real threat as they
are supplying to various
companies in various
fields.

2. TECHNICAL ANALYSIS

a. Location and Site


Factory Building and Land valued at FSV Rs.85.60 lacs which is located in
Injampakkam, is facilitated with adequate infrastructure facilities.
b. Raw Material
Raw material is made easily available from nearby states.
The previous incident in which the unit was sanctioned an ad hoc limit of Rs.20.00
lacs for executing some urgent orders. Because of delay in procuring raw materials
the contract was cancelled. The raw materials are being used in some other suitable
processes.
c. Plant & Machinery, Plant Capacity and Manufacturing Process

Machinery valued at Rs.8.00 Lacs and at Rs.25.00 Lacs. Machinery were imported
from Germany and it all contained new technology in the industry.
3. FINANCIAL ANALYSIS
a. Cost of Project & Means of Financing
Each year the mean of financing is stable by the major way of bringing capital by
promoters and the way of Term Loan.
b. Profitability Statements:

Year Ending

31.03.2012

31.03.2013

31.03.2014

31.03.2015

31.03.2016

Audit Status

Audited

Audited

Audited

Audited

Projected

Sales

292.40

438.35

225.19

275.00

600.00

Labour Charges

6.34

5.10

1.13

2.00

5.00

Total Sales

298.74

443.45

226.32

277.00

605.00

Purchases

273.05

414.75

169.00

230.00

490.00

Labour / Job Work Chrg

1.24

6.45

0.53

1.00

1.50

Wages & Salary

10.66

19.23

13.39

14.73

29.00

Electricity Charges

0.63

2.40

2.83

3.11

6.00

Machinery Maintenance

0.69

0.22

0.88

1.00

3.00

Factory Maintenance

0.76

0.09

Sub - Total

287.03

443.14

186.63

249.84

529.50

Add: Opening Stock

21.96

36.91

80.28

91.56

120.00

Sub - Total

308.99

480.05

266.91

341.40

649.50

Less Closing Stock

36.91

80.28

91.56

120.00

120.00

Cost of Sales

272.08

399.77

175.35

221.40

529.50

Office Admin Expenses

4.79

4.99

5.34

5.87

6.17

Telephone Expenses

1.01

1.11

0.55

0.58

0.61

Travelling &

0.60
0.68

0.99

1.04

1.09

Conveyance
Vehicle Maintenance

0.43

0.76

1.72

1.81

1.90

Sub Total

6.83

7.54

8.60

9.30

9.76

Operating Profit Before

19.83

36.14

42.37

46.30

65.74

Bank Charges

0.30

1.28

0.61

0.64

0.67

Interest on Term Loan

8.73

9.46

8.50

6.00

8.40

2.86

10.11

14.52

16.80

8.40

Interest Others

0.19

0.56

0.49

0.40

0.25

Depreciation

1.19

12.59

12.47

10.60

11.26

Sub - Total

4.54

33.27

37.55

36.94

34.98

15.29

2.87

4.82

9.36

30.76

Net Profit before Tax

15.29

2.87

4.82

9.36

30.76

Provision for Tax

1.00

6.75

15.29

2.87

4.82

8.36

24.01

Interest & Depreciation

Interest on Term Loan


Misc. Cash Credit
Interest on Working
Capital

Operating Profit Before


Tax

Net Profit Carried to


B/S

c. Break Even Analysis


Total Fixed Cost x Sales
Break-even point = (Sales - Variable Costs)

Year Ending

31.03.2012

31.03.2013

31.03.2014

31.03.2015

31.03.2016

Break Even Point


(Sales in Rupees)

2.5

4.5

3.2

3.8

3.46

d. Funds-Flow Statement

FUNDS FLOW STATEMENT OF SUBJECT COMPANY (Rs. In lacs)


Year ending

31.03.12

31.03.13

31.03.14

31.03.15

31.03.16

31.03.17

Audit status

Audited

Audited

Audited

Audited

Projected

Projected

Net Profit

15.29

2.87

4.82

8.36

24.01

29.74

Depreciation

1.19

12.59

12.47

10.60

11.26

11.07

15.00

35.31

-2.94

-4.59

-7.14

-8.00

-9.00

15.16

-0.81

-1.33

-1.50

-2.00

-3.00

19.98

71.81

14.92

-62.91

7.50

10.00

60.00

-7.50

-10.00

-2.32

13.33

-9.58

-1.56

-2.25

-0.81

59.87

21.00

-41.12

-3.99

7.42

9.49

8.76

-4.76

-3.37

0.16

0.18

0.20

8.08

-8.08

161.32

105.01

-27.78

17.02

30.61

37.68

72.99

32.78

15.00

10.00

71.43

14.77

-28.98

-14.93

11.11

16.18

14.95

43.37

11.28

28.44

5.00

Sources

Introduction of
Capital
Increase in Term
Loan 1
Increase in Term
Loan 2
Inc. in W.C Loan
Increase in Term
Loan Misc Cash
Credit
Increase in Other
Loans
Increase in Creditors
Increase in Cr
Expenses
Increase in Cr
Capital Goods
Total
Application
Increase in Fixed
Assets
Increase in Sundry
Debtors
Increase in Stock of
Materials

e. Balance Sheet Projections


BALANCE SHEET OF SUBJECT COMPANY (Rs. In lacs)
Year ending

31.03.12

31.03.13

31.03.14

31.03.15

31.03.16

31.03.17

Audit status

Audited

Audited

Audited

Audited

Projected

Projected

Capital Account

37.88

37.05

39.09

59.45

79.46

103.19

Term Loan Vehicle

0.87

4.86

4.06

2.81

0.81

Term Loan 1

60.67

57.73

53.14

46.00

38.00

29.00

Term Loan 2

15.16

14.35

13.02

11.52

9.52

6.52

Term Loan Misc.

60.00

52.50

42.50

W.C Loan

36.18

107.99

122.91

60.00

67.50

77.50

Other Loans

9.34

0.56

0.25

Creditors Trade

67.23

88.23

47.11

43.13

50.54

60.03

Creditors Expense

11.90

7.14

3.77

3.93

4.10

4.30

8.08

237.97

326.69

283.66

287.08

302.43

323.04

Liabilities

Creditors Capital
Goods
Total

Assets

Gross Block of

19.50

150.85

138.26

125.79

130.19

128.93

Depreciation

1.19

12.59

12.47

10.60

11.26

11.07

Net Block

18.31

138.26

125.79

115.19

118.93

117.86

99.76

Stock of Materials

36.91

80.28

91.56

120.00

120.00

125.00

Bills Receivables

79.53

94.30

65.32

50.39

61.50

77.68

0.58

0.30

0.10

0.50

1.00

1.50

Loans & Advances

2.88

13.55

0.89

1.00

1.00

1.00

Total

237.97

326.69

283.66

287.08

302.43

323.04

Fixed Assets

Capital Work in
Progress

Cash & Bank


Balance

f. Financial Ratios
LIQUIDITY RATIOS
1. Current Ratio:
Current Assets

2011-2012

117.02

123.39

0.95

2012-2013

174.88

203.36

0.86

2013-2014

156.98

173.79

0.90

2014-2015

170.89

107.05

1.60

2015-2016

182.50

122.14

1.49

*Amounts Denoted in Lakhs.

Current Ratio
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
2012

Current

Year

2013

2014

2015

2016

Liabilities

Current Ratio

Inference:
The ratio was high during the period 2014-2015 and it was low during the period 2012-2013
which is shown in above table and figure. The ratio was satisfactory during the year 2014-2015.

2. Quick Ratio:

Quick Assets

2011-2012

80.11

123.39

0.65

2012- 2013

94.60

203.36

0.47

2013- 2014

65.42

173.79

0.38

2014-2015

50.89

107.05

0.48

2015-2016

62.50

122.14

0.51

*Amounts Denoted in Lakhs.

Quick Ratio
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0

2012

Current

Year

2013

2014

2015

2016

Liabilities

Quick Ratio

Inference:
The quick ratio was high during the period of 2011-2012 and it was satisfactory during 20072008 and it started to decrease from 2011-2012 period and again it is increased from 2013-2014
and it is maintained in same position till 2015-2016 projected financial year.

3. Debt-Equity Ratio:
Total Shareholders

Capital Structure

Equity

Ratio

76.70

37.88

2.02

2012-2013

86.28

37.05

1.81

2013-2014

70.78

39.09

1.81

2014-2015

120.58

59.45

2.03

2015-2016

100.83

79.46

1.27

Year

Total Liabilities

2011-2012

*Amounts Denoted in Lakhs.

Debt-Equity Ratio
10
9
8
7
6
5
4
3
2
1
0

2012

2013

2014

2015

2016

Inference:
The firm should have a minimum of 50% margin of safety in meeting the long term financial
commitments. The ratio was maintained in the same position from 2008-2012. There was
fluctuation, so it is not good for the company.

4. Proprietary Ratio:
Total Share
Holders equity

Total Assets

2011-2012

37.88

237.97

15.92%

2012-2013

37.05

326.69

11.34%

2013-2014

39.09

283.60

13.78%

2014-2015

59.45

287.08

20.71%

2015-2016

79.46

302.43

26.27%

*Amounts Denoted in Lakhs.

Proprietary Ratio
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%

2012

Proprietary

Year

2013

2014

2015

2016

2017

Ratio

Inference:
The ratio was high during the projected period of 2016-2017 and it started to decrease from
2008-2012. It shows an increasing trend from the period of 2012-2013, so the company has to
maintain this growth.

5. Fixed Assets Ratio:

Net Sales

Fixed Assets

2011-2012

298.74

18.31

16.32

2012-2013

443.45

138.26

3.21

2013-2014

226.32

125.79

1.8

2014-2015

277

115.19

2.40

2015-2016

605

118.93

5.09

*Amounts Denoted in Lakhs.

Fixed Assets Ratio


18
16
14
12
10
8
6
4
2
0

2012

Fixed Assets

Year

2013

2014

2015

2016

Ratio

Inference:
This ratio denotes a tremendous peak in the period of 2011-2012. And it started to decline from
the period 2012-2013.The ratio was low during the period 2013-2014 and it start to increase from
2014-2015 then it shows a fluctuating trend.

6. Return on Assets Ratio:


Annual Net

Year

Income

Assets

15.29

237.97

6.43

2012-2013

2.87

282.33

1.02%

2013-2014

4.82

305.18

1.58%

2014-2015

8.36

285.37

2.93%

2015-2016

24.01

294.76

8.15%

Return On Assets Ratio


9
8
7
6
5
4
3
2
1
2012

Return On

2011-2012

*Amounts Denoted in Lakhs.

Avg. Total Sales

2013

2014

2015

2016

Inference:
The ratio shows an increasing trend from 2013-2014 and it was high on the period of 2011-2012.
The ratio shows that the firm earned better profit during the period 2013-2015. It shows the good
position of the firm.

7. ROCE (Return on Capital Employed):


Year

EBIT

Capital Employed

ROCE

2011-2012

19.83

114.58

17.31%

2012-2013

36.14

123.33

29.30%

2013-2014

42.37

109.87

38.50%

2014-2015

46.30

180.03

25.72%

2015-2016

65.74

180.29

36.46%

*Amounts Denoted in Lakhs.

ROCE
45
40
35
30
25
20
15
10
5
0

2012

Inference:

2013

2014

2015

2016

The ratio shows the increasing trend during the period 2011- 2014 and it shows the decreasing
trend during from the period of 2014-2015 and then it has been showing increasing trend from
the projected periods of 2015-2017. So the firm has to utilize the long term funds properly to
earn more profits if the projected years should show above exact trend.

8. Interest Coverage Ratio:

EBIT

Interest Expenses

2011-2012

19.83

3.05

6.50

2012-2013

36.14

19.4

1.86

2013-2014

42.37

24.47

1.73

2014-2015

46.30

25.7

1.8

2015-2016

65.74

23.05

2.85

*Amounts Denoted in Lakhs.

Interest Coverage Ratio


10
9
8
7
6
5
4
3
2
1
0

2012

Interest

Year

2013

2014

2015

2016

Coverage Ratio

Inference:
This ratio was peak at the period of 2011-2012 and went down in following period of 2012-2013.
The ratio shows decreasing trend from 2012-2014. The ratio shows an increasing trend from
2013-2014 till the period of 2016-2017. It shows a fluctuating trend.

PROFITABILITY RATIOS
9. Gross Profit Ratio:

Gross Profit

Net Sales

2011-2012

26.66

298.74

8.92%

2012-2013

38.58

443.45

8.7%

2013-2014

49.84

226.32

22.02%

2014-2015

53.6

277

19.35%

2015-2016

70.5

605

11.65%

*Amounts Denoted in Lakhs.

Gross Profit Ratio


25
20
15
10
5
0

2012

Gross Profit

Year

2013

2014

2015

2016

Ratio

Inference:
The ratio was low during the period 2011-2013. The ratio was high during the period 2013-2014
and the ratio was better during this period. Again the ratio start to decrease from 2014-2015 it
shows in decreasing trend and the firm earns less profit.

10. Net Profit Ratio:


Year

Net Profit

Net Sales

Net Profit Ratio

2011-2012

15.29

298.74

5.12%

2012-2013

2.87

443.45

0.65%

2013-2014

4.82

226.32

2.13%

2014-2015

8.36

277

3.02%

2015-2016

24.01

605

3.97%

*Amounts Denoted in Lakhs.

Net Profit Ratio


6
5
4
3
2
1
0

2012

2013

2014

2015

2016

Inference:
The ratio was high during the period 2011-2012 and it decreased during 2012-2013 and it again
increased during the period 2013-2014 and from that period it was in an increasing trend. It
shows a fluctuating trend.

11. Operating Profit Ratio:

Operating Profit

Net Sales

2011-2012

19.83

298.74

6.64%

2012-2013

36.14

443.45

8.15%

2013-2014

42.37

226.32

18.72%

2014-2015

46.30

277

16.71%

2015-2016

65.74

605

10.87%

*Amounts Denoted in Lakhs.

Operating Profit Ratio


20
18
16
14
12
10
8
6
4
2
0

2012

Operating Profit

Year

2013

2014

2015

2016

Ratio

Inference:
The ratio was high during the period 2013-2014 and it was low during the projected period 20162017. The ratio shows increasing trend from the year 2011-2012 then again it shows a decreasing
trend so it is good for the company.

ACTIVITY TURNOVER RATIOS


12. Stock Turnover Ratio:
Average

Stock Turnover

Inventory

Ratio

272.08

29.4

9.25

2012-2013

399.77

58.6

6.82

2013-2014

175.35

58.92

2.04

2014-2015

221.40

105.78

2.09

2015-2016

529.50

120

4.41

Year

COGS

2011-2012

*Amounts Denoted in Lakhs.

Stock Turnover Ratio


10
9
8
7
6
5
4
3
2
1
0

2012

2013

2014

2015

2016

Inference:
The ratio was high during the period 2011-2012 and it was low during the period 2012-2013 and
again it decreases during 2013-2014 then again it increase during 2014-2015 and then it shows
an increasing trend, so this increasing trend has to be stable for getting better position.

13. Debts Turnover Ratio:

Net Credit Sales

Average Debtors

2011-2012

74.69

80

0.93

2012-2013

110.86

86.92

1.28

2013-2014

56.58

79.81

0.71

2014-2015

69.25

57.86

1.2

2015-2016

151.25

55.95

2.7

*Amounts Denoted in Lakhs.

Debts Turnover Ratio


3
2.5
2
1.5
1
0.5
0

2012

Debts Turnover

Year

2013

2014

2015

2016

Ratio

Inference:
The ratio was low during the period 2013-2014 and it was high during the period 2015-2016.
The ratio during projected period 2015-2016 was satisfactory. And this ratio fluctuating trend in
the company.

14. Credits Turnover Ratio:


Net Credit

Year

Purchases

Ratio

68.26

87.21

0.78

2012-2013

103.69

95.29

1.14

2013-2014

42.25

73.13

0.58

2014-2015

57.5

48.97

1.17

2015-2016

122.5

50.85

2.41

Credits Turnover Ratio


3
2.5
2
1.5
1
0.5

2012

Credits Turnover

2011-2012

*Amounts Denoted in Lakhs.

Average Creditors

2013

2014

2015

2016

Inference:
The ratio was low during the period 2011-2012 and it started to increase during the period 20122013 and it was decreased during the period 2013-2014 then again it increased during 20142015. After that it shows an increasing trend. It shows a fluctuating trend and the ratio was
satisfactory during the year 2013-2014.

15. Fixed Obligation Income Ratio (FOIR):


Total Interest

Gross monthly

Paid

income

2011-2012

0.25

2.22

11.26%

2012-2013

1.61

3.64

44.23%

2013-2014

2.04

4.25

48%

2014-2015

2.14

4.63

46.22%

2015-2016

1.92

6.29

30.52%

Year

*Amounts Denoted in Lakhs.

Fixed Obligation Income Ratio


60
50
40
30
20
10
0

2012

2013

2014

2015

2016

FOIR

Inference:
The percentage of such ratio should be under the amount of 50%. So that the balance income can
be manage to control the other expenses in a company.
The Fixed Obligation Income Ratio in this company shows a fluctuating trend and it also
restricted inside of 50%. In the period of 2013-2014 it was in peak. After that it shows a
decreasing trend. And this should be maintained.

16. Installment to Income Ratio (IIR):


Gross Monthly

Year

Loan Installment

2015-2016

0.70

6.29

11.13%

2016-2017

0.61

6.86

8.89%

Income

IIR

*Amounts Denoted in Lakhs.

Installment to Income Ratio


4000%
3500%
3000%
2500%
2000%
1500%
1000%
500%
0%

2016

2017

Inference:
The Installment to Income Ratio (IIR) restricts the equated monthly installment to 40% of the
income. So the balance amount can be spend on day to day expenses.

In credit appraisal process the Installment to Income Ratio is concentrated on projected years
rather than the audited years. And in this case, in the periods of 2015-2017 the Installment to
Income Ratio is restricted inside 40% and showing a decreasing trend which is good.

17. Debt-Service Coverage Ratio (DSCR):


Year ending

31.03.12

31.03.13

31.03.14

31.03.15

31.03.16

Net Profit

15.29

2.87

4.82

8.36

24.01

Depreciation

1.19

12.59

12.47

10.60

11.26

8.73

9.46

8.50

14.40

16.48

24.19

26.75

27.46

49.67

20.15

3.75

5.92

8.64

10.00

7.50

8.73

9.46

8.50

14.40

Sub Total

20.15

12.48

15.38

17.14

31.90

DSCR

0.82

1.94

1.74

1.60

1.56

Interest on Term
Loan
Sub Total
Repayment of Term
Loan
Repayment of Term
Loan Misc. Cash
Credit
Interest on Term
Loan

Debt-Service Coverage Ratio


2.5

1.5

0.5

2012

Inference:

2013

2014

2015

2016

FINANCIAL INDICATORS OF SUBJECT COMPANY (Rs. In lacs)


Year ending

31.03.12

31.03.13

31.03.14

31.03.15

31.3.16

31.3.17

Audit status

Audited

Audited

Audited

Audited

Estimated

Estimated

Net Sales

298.74

443.45

226.32

277.00

605.00

706.00

Operating profit

15.29

2.87

4.82

9.36

30.76

38.84

Net Profit After Tax

15.29

2.87

4.82

8.36

24.01

29.84

Cash Generation

16.48

15.46

17.29

18.96

35.27

40.91

Net working capital

-6.37

-28.48

-16.81

63.84

60.36

62.35

Current ratio

0.95

0.86

0.90

1.60

1.49

1.44

TNW

37.88

37.05

39.09

59.45

79.46

103.19

TOL / TNW

5.28

7.82

6.26

3.83

2.81

2.13

2.02

2.33

1.81

2.03

1.27

0.76

1.55

1.75

1.95

1.04

1.29

1.65

Term Liability/
TNW
Gross Fixed assets/
Term loans

Working Capital Assessment: As per Nayak Committee Recommendations:

Year Ending

31.03.12

31.03.13

31.03.14

31.03.15

31.03.16

Net Sales

298.74

443.45

226.32

277.00

605.00

Required Working Capital 25% of sales - [A]

74.69

110.86

56.58

69.25

151.25

14.94

22.17

11.32

13.85

30.25

-5.24

-6.37

-28.48

-16.81

63.84

[A] - [B]

59.75

88.69

45.26

55.40

121.00

[A] - [C]

79.93

117.23

85.06

86.06

87.41

Whichever is less

59.75

88.69

45.26

55.40

87.41

Promoters' contribution - 5%
[B]
Already Available NWC
[of previous year]
[C]

CREDIT RISK RATING ABC ELECTRICALS PVT LTD.


The account was rated under the Large Corporate Model. The following rating have been
obtained by both: branch office and zone office,
1. FINANCIAL EVALUATION
i.

Category

Past
Financials
Absolute
Compariso
n

ii.
Category

Future risk

Subjective
Assessmen

Past Financials

Parameter

CO
Value

Benchmark Values

Rate

TOL/TNW

6.26

>5.00

5.00-4.00

4.00-2.50

2.50-1.00

<1.00

Current
Ratio

0.90

<1.00

1.00-1.25

1.25-1.50

1.50-2.00

>2.00

DSCR

1.74

<1.00

1.00-1.25

1.25-1.75

1.75-2.50

>2.50

ROCE

0.39

<8%

8-12%

12-15%

15-25%

>25%

(Inv + Rec) /
Net sales

0.29

>6.00

6.00-5.00

5.00-4.00

4.00-3.00

<3.00

Future risk and subjective assessment


Parameter

Comments

Rate

Impact of contingent
liability

There is no other contingent liability

4.00

Impact of Expansion

It will lead to more sales.

3.00

Transparency in
accounting

The financial statements are prepared in accordance


with generally accepted accounting principles

2.00

t of
Financials

Quality of inventory

The expected variance in the value may be less than


5%

3.00

Reliability of Debtors

There is no disclosure of debtors

2.00

2. BUSINESS EVALUATION
A. Market position evaluation
Parameter

Comments

Competitive position

Expected sales growth

Rate
3.00

The firm has achieved a sales growth of around


38% during the years 2013 14. It is expected
that company will be in a position to achieve a
sales growth of around 10 25% in the current
year

Input related risk

3.00

3.00

Availability of raw material


and other critical inputs

Raw material is easily available from nearby


states

3.00

Proximity to skilled Labor

The firm is located in industrial in CHENNAI


inputs are available easily

3.00

Production related risk


State of technology used

4.00
The firm has adopted proven technology better
than its peers

Product related risk


Product range

4.00
3.00

Firm is mainly engaged in the processing of


OEM

3.00

Product quality

Quality of product is reported to be better than


the peers

3.00

Marketing

3.00

Distribution network

Firm has a well-developed distribution network

3.00

Geographical diversity of the


market

Firm is selling its product directly to the vehicle


manufacturers

3.00

B. Industry risk evaluation


Industry risk evaluation for electrical industry

75%

4. MANAGEMENT EVALUATION
A. Objective

Parameter

Co
Value

Actual gross
sales

226.32

Targeted sales

215.44

Actual PBT

4.82

Targeted PBT

4.15

Rate

<75
%

75% - 79%

80% - 89%

90% - 95%

>95%

4.00

<75
%

75% - 79%

80% - 89%

90% - 95%

>95%

4.00

B. Subjective
S. No.

Parameter

Comments

Rate

Management set up

The firm is in operation since 1998

3.00

Commitment and sincerity

The management is reported to be reliable


and sincere

3.00

Track record in debt payment

The account is running satisfactorily with us

2.00

Financial strength/ flexibility

Management is capable of arranging funds


but with a time lag

2.00

5. CONDUCT OF ACCOUNT EVALUATION

Parameter

Status of account

Comments
No irregularity is observed with our bank in last 2
years

Rate

3.00

Operations in account

Operations in account are healthy

3.00

Submission of financial data

Timely submission of data

3.00

TOTAL SCORE
Factor

% score obtained

Weight

Weighted Score

62.50

40.00%

25.00

60.00

25.00%

15.00

Management Evaluation

75.00

20.00%

15.00

Conduct of Account

75.00

15.00%

11.25

Financial Evaluation
Business

&

Industry

Evaluation

AGGREGATE SCORE

66.25

**THIS MEANS THE RATING OF THE BORROWER IS CRISIL A (Adequate Safety)**


Recommendations: In view of the above facts & figures we recommend renewal of limits as
follows.
Nature of facility

Limit /
DP

Increment

Margin

Rate of
interest

Prime Security

25% for
Book
Debts

12.50 %

Stocks &Book
Debts

Cash credit against


Stocks & Assignment of
Book Debts

60.00

TermLoan-1-Rs.60.00
[Renewal]

45.83

NIL

25 %

12.75 %

Factory land &


Building &
Machinery

Term Loan-2-Rs.15.00
[Renewal]

11.32

NIL

25 %

12.25%

Machinery-

New WCTL-Bifurcation
of Existing CC

60.00

25 %

12.50

Stocks & Book


Debts