`THE KALUPUR COMMERCIAL CO-OP.

BANK LIMITED
NOTES FROM LOAN DEPARTMENT – NAVA VADAJ BRANCH
NEW PROPOSAL

Name of Applicant Mr./Miss. (Student) Tirth Ashish Patel CIF 11455290

Mr/ Mrs. Co-applicant I) Ashish Kanubhai Patel CIF 10456388

Address 12, Dev Ashish society, Opp. Swastik High School, Nava Vadaj, Ahmedabad

Income Details Co - Applicant 1 Co-Applicant 2

A.Y. 2019-20 A.Y. 2018-19 A.Y. 2019-20 A.Y. 2018-19

11.47 Lakh 13.50 Lakh NA NA

CIBIL Particular Cibil Remark Date of Birth

Score

Applicant (student) Tirth Ashishbhai Patel -1 Insufficient credit 12/30/1899

history

Co-applicant 1 Ashish Kanubhai Patel 696 Satisfactory 08/04/1970

Guarantors 1 Ushaben Ashishkumar Patel 786 Satisfactory 04/03/1971

Guarantors 2 Kamal Harikrishna Patel 792 Satisfactory 15/12/1970

Income Tax
A.Y. 2019-20 A.Y. 2018-19 A.Y. 2017-18
Return Date (A.Y.)
Co-applicant 1 12/30/1899 06/09/2018 07/10/2017
Guarantors 1 26/09/2019 06/09/2018 20/09/2017
Guarantors 2 03/07/2019 11/07/2018 N. A.

Nature of Income Salary / Business / Profession / Service income

Brief Detail of Co-

Co-applicant Business Person (**** Including 24 Months Moratorium Period)
applicants i)

Applicant's Request Branch Recommendation

Loan Amt Loan Amt Tenure

Tenure
TOTAL 32.00 Lakh 120 Months 30.00 Lakh 120 Months*****

APPRAISAL NOTE PAGE NO. 1 of 6

Security Description of the Property Owner Valuation

Plot No. 12, Radhe Industrial Estate, Nr. Mrs. Ushaben 1,12,00,000/-
Umiya Industrial Estate, Zak Kadadara, Ashishkumar Patel
Road, Zak Dehgam, Gandhinagar

Valuer : Bakul N Desai Valution Date 21/05/2019

Total --- Rs: lacs

Details of Name PAN Income

Guarantors
i) Mrs. Ushaben Ashishkumar Patel AUJPP2728F 6.10 Lakh

ii) Mr. Kamal Harikrishna Patel AOSPP8935K 5.36 Lakh

ELIGIBILTY CRIETERIA:
NO CRITERIA REMARKS STATUS

1 Student's Standard Results Year of

Academic history Passing
SSC 74.50% 2013
HSC 70.07% 2015
B. E. in Mechanical Engineering 8.55 CGPA 2019
IELTS 7 BAND 2019
GRE Appear 2019

2 University & Particular Remarks

course validity
Name of the The University of Texas at Arlington
University

Course Materials Engineering (Masters)

Duration of the 2 YEARS

Course

2 Future scope of There is a Good scope of Income after Completion of Course.

the Income of
student after
completion of
study.

APPRAISAL NOTE PAGE NO. 2 of 6

 3 Fees+ other exps Particular Amount (Currency: USD) Rs: 30 Lakh
Total Fees (Tution & Living Fees) Amount
AU$/CAD$/USD/ Euro/other *Total (Currency:$25,467 *2 Year)
Term / year )
Add : Air Ticket Approx. ($1690 USD)
Add : Visa Fees ($350 USD)
Total Fees with Above Expenses Amount (Currency: $ 52974
USD)
Add : Other Incidental Expenses Amount (Currency: _______)
1 AU$/USD$/CAD$/Euro etc Rs: 37.61 Lakh
1USD = 71 INR
Total Rs: 37.61 Lakh
80% of above Rs: 30.08 Lakh
Application (Loan amt) Rs: 30 Lakh

4 60%/70% of market Particular Amount Margin Security Rs: 72 Lakh

value of self (Rs in lacs) required
occupied
residential/commer Proposed Rs. 30 Lakh 30.00% Rs. 43 Lakh
cial property. education loan
Security valuation Available for Education loan Rs. 72 Lakh
( Calculation Give Under for Security )
Security coverage 134.93%

5 Eligibility as per Mr. Ashish Kanubhai Patel Rs: 11.45 Lakh (AY 2019-20) Rs: 30 Lakh
the calculation
sheet attached EMI/NMI Ratio is 45 % which is acceptable.
with this report
(** Here we consider only 96 months repayment period for
EMI/NMI Ratio.)

6 Applicant/ Education loan Rs: 30 Lakh Rs: 30 Lakh

Branch's Request

Loan Eligibility – Minimum of Sr. No. 3 , 4, 5 & 6 Rs: 30 Lakh

Other Observation:

Applicant-1 Cibil Mr. Tirth Ashishbhai Patel

 There is insufficient credit history.
 There is no inquiry shown in his cibil score.

Co-Applicant-1 Cibil Mr. Ashish Kanubhai Patel

 As per cibil loan account shown 7 out of which 5 account are shown zero Outstanding.

APPRAISAL NOTE PAGE NO. 3 of 6

  Cibil score of Ashish kanubhai Patel is satisfactory.
 One loan account shown in overdue but actually there is no overdue in account.
 2 account are running and its belongs to individual ownership.
 There is 2 new inquiry shown in cibil both are generated in our bank for renewal of OD account and
education loan.

Guarantor-1 Cibil Mrs. Ushaben Ashishkumar Patel

 As per cibil loan account shown 4 out of which 2 account are shown zero Outstanding.
 Cibil score of Ushaben Ashishkumar Patel is satisfactory.
 There is no single day overdue shown in loan account.
 There is 2 loan account is running but actually SOD account is closed as on 19/11/19.01635100026
 There is 2 new inquiry shown in cibil both are generated in our bank for renewal of OD account and
education loan.

Guarantor-2 Cibil Mr. Kamal Harikrishna Patel

 As per cibil loan account shown 6 out of which 4 account are shown zero Outstanding.
 Cibil score of Kamal Harikrishna Patel is satisfactory.
 There is no single day overdue shown in loan account.
 There is 2 loan account is running both are belongs to individual ownership.
 There is No New inquiry shown in cibil in the last year.

BRANCH RECOMMENDATIONS WITH JUSTIFICATIONS

 Applicant Mr. Tirth Ashishbhai Patel Patel has completed B.E. In Mechanical Engineering from
Gujarat Technical University Ahmedabad and scoring good marks.

 Mr. Tirth A. Patel got admission in the university of “The university of Texas at Arlington” for Master
Degree of Materials Engineering. This is 2 year duration course and has good income of scope after
completion of this degree.

 Co-applicant Mr. Ashish Kanubhai Patel is doing business under name of M/s Amarjyot Metal Cast
and M/s Amardeep Metal Cast as partner since 2011, He has earning 11.47 lakh as per A.Y. 2019-
20.
 Mr. Ashish Kanubhai Patel is associated with us since 2011 and his cibil score is satisfactory and
financial condition is also strong.

 Amarjyot Metal Cast is doing manufacturing business of metal related produnct i.e. pipe joints etc.
which is enjoying Hypo Stock & Book Debt facility.

 Applicant will go to USA for Master degree and his educational background is good.

 Relation Between Applicants and Guarantors:-

◦ Applicant 1 is son of Applicant 2 .
◦ Guarantor 1 i.e. Ushaben Ashishbhai Patel is Mother of Appliacnt 1 i.e. Tirh A Patel.
◦ Guarantor 2 i.e. Kamal Harikrishna Patel stand as third party gurantee.

APPRAISAL NOTE PAGE NO. 4 of 6

  Customer is given Industrial Shade for Mortgage Purpose for this education loan. which is belongs
to Guarantor 1 of this education loan. Applicant provide common property for the proposed
education loan and Hypo Stock & Book-debt OD with us since 2013.

 Security coverage is available for this education loan.

(** Customer enjoying Benefit of rate concession in OD limit i.e. 10.50% interest hence I consider full
amount in security required for calculation of security coverage ratio)

 Mrs. Ushaben Ashishkumar Patel is owner of above mention property who is stand as guarantor 1
for this education loan.
1st
 guarantor, Mrs Ushaben Ashishkumar Patel is also doing busniess under name of M/s Amarjyot
Metal Cast as partner and she is earning 6.10 lakh as per ITR A.Y. 2019-20.

 2nd guarantor, Mr. Kamal Harikrishna Patel is doing service as Sr. IT. Technician in patel Airtemp
(INDIA) Ltd. Since 1994, he earned 5.36 lakh as per last ITR A.Y. 2019-20.
 Mr. Kamal H Patel also enjoying housing loan facility with us since 2015 and conduct of account is
satisfactory (01633500007).

 We recommend you to sanction this loan for 120 Months including 24 Months Moratorium Period.

 We will also take affidavit from the student before disbursement of education loan that he has not
availed any other education loan from any Other Bank/Financial institution as per circular dated as
on 01/01/2019 Ref. No. H.O./Inspection/94/2018-19.

 For Calculation of EMI/NMI ratio I consider last two year income and also consider loan tenure after
deducting loan moratorium period as per circular dated 3 rd july 2019. H.O./Advance/34/2019-20.

 EMI/NMI ratio is 45% which is allowed as per circular H.O./Advance/34/2019-20.

 Here I consider 1 USD$ rate is 71 Rupee INR.

APPRAISAL NOTE PAGE NO. 5 of 6

Herewith We recommendate you to Sanction above mentioned advance facility of Education Loan for
USA Master Degree Course for Rs. 30 Lakhs for 10 Years @ ROI 9.25%.( 120 Months including 24
Months Moratorium Period) (We have consider circular as on 02/01/2019 for interest rate based on CIR
report.)

Prepared By: Jitendra Tirthyani (1328) Loan Officer: Shachi Patel

(20/11/2019) (20/11/2019)

Branch Manager: Darshil Shah

(20/11/2019)

APPRAISAL NOTE PAGE NO. 6 of 6