‘AURANGABAD BRANCH (0210845) Chetan Trade Cenire, Opp. Saint Francis School, Jalna Road, Aurangabad, Maharashtra ‘TEL: 0240-2331601, Email: A678@indianbank.co.in BR/AUB/GECLS /2021-22/06 Date: 18.01.2022. SANCTION LETTER ~ “IND-GECLS 1.0 (Extension)” gub-Re, Zs MWS Shardopasana Industries M-130,MIDC,Waluj MIDC, at € a A bad 3 | ‘ wurangal z| 4 a: = Dear Sir/Madam, Converts With reference to your application dated 14.01.2022,GECLS 1.0 (Extension) proposal, we are pleased to inform you that following facility has been sanctioned by competent authority, ‘subject to terms and conditions stipulated below: (Rupees in Lakhs) Facility Limit Rate of Interest Period IND-GECLS 7.0 Rs.7.50 Lacs [EBLR 4.00% 42.80% Door To Door 60 Months, Extension) spread +0.70% (floating) 24 Months moratoriim ‘At present 7.50% P.A. Months repayment. he interest will be realized 's and when debited to the L account, Purpose of Loan: Working Capital Existing Facilities: ot ~ Facility AccountNumber | Limit Existing (Rs. in Lacs) jorking Capital OCC 20321883243 65.00 (GECLS 58004230995 10.50Pens NO” Securities : . Documentation: As per Banks guidelines. 3. Margin: Nit - NCGTC Cover: 100% Guarantee Cover on the outstanding amount by NCGTC for the Security (existing & to be extended for this facility): (RS. In Lakhs) Nature Details Value Charge over asset created out of GECLS Hypothecation of stocks |" Floating loan and book debts created out of GECL 1.0 Extension ‘Second charge on existing Securily to be| Second ; s detailed | created on GECLS loan Charge/hypothecation | below charge over current & fixed assets created for the WCTLTerm = a Loan/GECLS Loan “Security Particulars Date of Valuation Value In Rs. Lakhs PRIMARY: . Working Capital ‘Stocks Rs.59.00 Lacs pints 31.12.2021 (Stock Book Debts: Rs.26.97 Exclusive Charge by way of Statement) Lacs | Hypothecation of Book Debts ; and all other current assets of Total : Re.85.97 Lacs. cosmetic division, both present and future | Collateral : By Rupesh Laddha, RSV: ; 1.Extension of Equitable | Valuer dated 04.08.2020 | Rs.85.00Lakhs. mortgage of property land and | FMV Rs.94.15 Lakhs building in the name of Ultra | (After completion of work) Beauty Care Pvt Lid at M-130, MIDC Waluj Industrial Area, Aurangabad, in the name of Vaishali Padmakar Dabhadkar Specific Terms & Conditions: Processing Fees: No Processing Fees. credit facility under “Emergency Credit Line Guarantee Scheme” as on the date of | NPA or On date of lodgement of claim which ever is lower. | . Guarantee Fee: NIL . Prepayment Charges: No Prepayrrient penalty in case of early repayment. . The Company has to ensure that charge of all fai ieee \ ies is registered with ROC, |including the earlier GECLS Loan and proposed GECL 1.0 Extension, 8. The Company has to ensure security perfection has been done. 9. Security: a. Hypothecation of assets to be created under the scheme as primary security, b. Second charge over current and fixed assets created for WCTL/Term Loan with the existing credit facilities. 10.Alll other terms and conditions as per banks guidelines. General Terms & Conditions: + Facilities will be released after completion of documentation and security extension. Loan should be utilized for the business purpose. The facility will be covered under ‘Emergency Credit Line Guarantee” Scheme of NCGTC and the branch to ensure that the same, + Allthe other Terms and conditions of existing sanction will continue. Bank reserves the right to cancel / suspend / reduce any or all the facilities and to alter / amend /vary the terms and conditions of our sanction including the rate of interest. . Yours faithfully, Garry (Deepak Shriwé ‘Chief Manager