Name of the Branch : Thippasandra

Name of Firm : M/s Aerostar Global Logistics India Pvt. Ltd

Office Address / Reg Address : Crimson Court I, No. 5 Jeevan Bhima Nagar Main Road,
HAL III Stage Bangalore Bangalore KA 560075 IN

Activity : Logistics & Containerized Services

Name of the Directors : Mr Gopalakrishnan Nair Sundaresan & Mrs Ramya Nair
Group : NA
Details of facilities granted : (Rs. in lacs)
Facility Limit O/s on
12/12/2019
Cash Credit Rs. 110.00 Lakh Rs. 116.52 Lakh
Total Rs. 110.00 Lakh Rs. 116.52 Lakh

Details of security :
Description of property Location/postal address of the property Market value DSV in Lakh
in Lakh
SORP#1 Site No.5, BBMP Katha No.72, Municipal 120.25 96.20
No.9,Ward No.149, Amane Bellandur Khane
Village, Varthur Hobli, Bangalore. 560037

IRAC Status : To be fill by FRR

Date of NPA : 29-03-2020
Outstanding as on : Rs.122.01 Lakhs
Unrealised Interest till : To be fill by FRR
NPA as on : To be fill by FRR
Provision Held as on : To be fill by FRR
Net NPA as on : To be fill by FRR

History of the Account :

Aerostar Global Logistics India Pvt. Ltd (AGLIPL) was started in 01.01.2015 and had only 3 months of operations
in FY2015. The promoter Mr Gopala Krishnan Nair however had started a proprietorship firm M/s Alliance
Global Logistics in July 2014 after resigning from Bollore Africa Logistics India Pvt. Ltd (headquartered in Paris)
as Vice President.

M/s Alliance Global Logistics after completing the FY2015 was takeover by AGLIPL on 01.04.2015 and all the
sales and business transactions were carried in the name of AGLIPL.
The Company was earlier operating from No.95, 1 st Floor, MES Colony, Konena Agrahara. HAL Post Bangalore-
17, however, recently they have moved to a bigger premises located at #5, 2nd Floor, Crimson Court-I, Jeevan
Bhima Nagar Main Road, HAL III Stage, Bangalore-560075. Both the premises are rented.

a) History of Limits :

Facility Date of last Sanctioning Limit O/s as on

sanction Authority ___30.11.19_
____
Cash Credit 22-04-2019 ZCC 110.00 116.51
Term Loan
TOTAL 110.00 116.51

Developments during the quarter :

Regular follow up business Team RM, ZH and Collection Team.   The visit
was made several times to his residence as well and follow up with several notices from our side.  As we built
pressure on the client to clear overdue – the client avoided calls. Customer’s business started getting affected
since the receivables becoming extended and other payments getting delayed. Customer is on talks with few
investors in order to revive the business but failed on the same.  Meanwhile the client run out of funds and had
shut down the business completely. We convenience the client to sell collateral and we started looking for
buyers but we’re able to get price not above Rs.75-90 lakhs.