MEMORANDUM

NICASIA BANK LTD

To : ACOSPO
From :RM/BM-Kausaltar
Date :02/07/2021
Subject :Partial Limit Cancellation
Branch :Kausaltar

Borrower: EARTH VISION INTERNATIONAL EDUCATION PVT.LTD

Units under the group currently banking with us: NA
Relationship with us since: 2018

Account status as on: 02/07/2021

Existing Limit Proposed
Facility Type Total Limit O/s Limit
Advised Unadvised

TL 5,500,000 - 5,500,000 4,399,930.34 4,399,930.34

DL 710,000 - 710,000 710,000 0

Total 6,210,000 - 6,210,000 4,470,930.34 4,399,930.34

Date of last annual review:N/A

Background:

The unit is in credit relationship with us since 2018. Currently, the unit is availing Term Loan limit of
4399K and DL Limit of 710K with us. Borrower has requested us to partially settle it DL limit of 710K due
to surplus of fund. The client will be continuing it TL limit with us.

Present proposal:

Partial Settlement of DL limit of 710K due to surplus of fund.

Present overdue/ irregularity status: During the period no irregularity has been found on this account.

Security/Collateral Detail:

a) Details of Security : (Security is not to be released)

Amount in 000’s
Security/Collateral Details FMV Mortgaged for

Plot No: Area

Kuldas Muctan Tamang and
70(land & building) 0-5-2-2.5
24302 Earth Vision International
Location: Sitapaila, Ward No: 15, Kathmandu
Education Pvt Ltd
Owner: Mr. Kuldas Moktan Tamang
Total Value 24302
Please also provide the following information/ declaration

 The existing collateral is not cross mortgaged/collateralized for limit on account of any other
unit/group exposure.
 The captioned client has not provided guarantees to any other unit/group.
 The proposal/memo does not contradict with any regulatory requirement, relevant laws and
internal policies, guidelines and manuals of the bank (except of deviation proposed). Further, the
proposed pricing, LAF, commitment fee, etc. doesn’t violate any regulatory provision.

Commitment/ Prepayment fee and other charges:

Following charges as per the terms of agreement will be recovered prior release of security.
Prepayment Fee : As per STC
Commitment Fee : As per CFOL
Release fee : As per STC
Other applicable charges (if any) : N/A

Apart from specifically mentioned above, other fees/ charges (if applicable) shall be charged as per STC.

Waivers proposed (if any):N/A

Recommendation:

Based on above grounds recommended for release of security as tabulated above.

Prepared By Supported By Approved By

Saurav Poudel Saurav Poudel Merina Dangol

RM RM BM