FA Number COMM/DAL/18/008FA Dated 22.02.

2017 Page # 2 of 2
INBOX BUSINESS TECHNOLOGIES PRIVATE
Customer Name Group Name DYNAMIC GROUP
LIMITED
Facility
Line # Orig./Ext. Unit Existing Limits Proposed limits Outstandings Facilities Description (Terms & Conditions)
Type
The IJARAH / Diminishing Musharaka (Direct) / (Sale and Lease Back) Facility will be utilized to
adjust outstanding amount of PKR 88.892 Million of Term Finance Facility of original amount of
PKR 300.00 Million disbursed on 13.10.2014 & PKR 319.862 Million of Term Finance Facility of
original amount of PKR 520 Million disbursed on 05.05.2016 by WBG - Head Office, The Bank of
Purpose:- Punjab. In addition to that, LC opened under LC (Sight / Usance) Local and Foreign & Acceptances
IJARAH / Limit (OTT) of PKR 650.00 Million (Present O/S Amount is PKR 128.28 Million*)for specific
Diminishing porjects will also retire through this proposed DM Facility.
1 BOP-IBD-0700 Musharaka (Direct) NIL 520,000,000 NIL
/ (Sale and Lease
Back) Facility * As per approval # 3965/16 dated 26.12.2016 80% of SLC / ULC amount will be retired through
Term Finance (Now DM Facility) and 20% will be retired through own sources, therefore out of PKR
128.28 Million, PKR 102.62 Million will be retired through DM Facility.

Tenor:-
Term Finance 1 Existing Proposed*
Outstanding Amount PKR 88.982 Million Outstanding Amount PKR 88.982 Million
Remaining Installments 8 Installments 13
Date of Maturity 13.09.2017 Date of Maturity 13 months from date of
disbursement
Repayment frequency Monthly Repayment frequency Monthly
*The tenor of facility is changed because of Shairah constraint, where the tenor of Ijarah / DM facility
should be above 1 year.
Term Finance 2 As per already approved Facility structure
Outstanding Amount - PKR 319.862 Million
Remaining Installments - 35
Date of Maturity - 05.05.2019
Repayment frequency - Monthly
1 year KIBOR + 250 BPS
Proposed The base rate for rental calculation will be set for the first time on business day prior to the
Pricing Drawdown date and then on the last business day prior to the beginning of each annual period for the
rentals due for the next 1 year.
Rental to be recovered on monthly basis as per already approved repayment schedule in approval #
Rental 3965/16 dated 26.12.2016. It is calculated on actual number of days elapsed in a year of 365 days on
Servicing outstanding facility amount.
Drawdown Drawdown allowed in bullets or in multiple tranches during the availabitliy period.
Availability Earlier of upto 6 months from the date of Disbursement Authorization Certificate from CAD.
Period
1 > Existing Ranking charge over present and future Current assets of the company for PKR 694.00
Million with 25% margin already registered with SECP dated 15.02.2016 will be upgraded to First
Pari Passu Charge with in 180 days from the first Drawdown on best effort basis OR Ranking charge
over present and future MOVEABLE assets of the company for PKR 694.00 Million with 25%
Margin will be registered with SECP & will be upgraded to First Pari Passu Charge with in 180 days
from the first Drawdown on best effort basis.

2 > Ranking charge over present and future current assets of the company for PKR 694.00 Million
with 25% margin already registered with SECP dated 15.02.2016.
*This charge will be vacated upon registration of Ranking charge over present and future moveable
assets of the company for PKR 694.00 Million.
3 > Specific Charge over Project's Equipments related to AFC-BSS Rawalpindi - Islamabad Metro
Security Project for Rs. 400.00 Million already registered with SECP dated 19.05.2015
*This charge will be vacated upon full and final adjustment of PKR 88.982 Million (Term Finance - 1)

4 > Assignment of Receivable of the project (Already assigned through clause # 12.4 of Contract
dated August 22, 2014)
5 > Specific Charge over Project's Equipments related to AFC-BSS Multan Metro Bus Project and
Feeder Routers of AFC-BSS Lahore, Multan , Rawalpinidi Metrobus for Rs 694.00 M already
registered with SECP dated 15.03.2016

6 > Assignment of Receivable of the projects to be assigned through contract which will be executed
between PMA and Inbox Business Technologies Pvt. Ltd for projects as mention above (already
assigned)

The IJARAH / Diminishing Musharaka (Sale and Lease Back) Facility will be utilized to adjust
SLB existing CONVENTIONAL Term Finance facilities & Retirement of Outstanding Letter of Credit
Justification with The Bank of Punjab - Wholesale Banking Group.

Monitoring: As per Shariah approved process flow.

TOTAL 520,000,000 The Package shall be subject to all usual terms & conditions of the Bank's and SBP's Prudential Regulations.
GRAND TOTAL 520,000,000

The client intended to convert their entity into a quoted public limited company and have planned to launch an IPO for generation of additional paid up capital. According to their initial assessment, an amount in excess of
Rs. 3.0 Billion is expected to be generated through IPO. Upon successful completion of the formalities and generation of the anticipated equity, the available funds shall be used to settle the funded outstanding of Financial
Institutions and only exposure with Islamic banks will be left as client also plan to convert its conventional facilities to Islamic Financing limits. In this regard, we have approached client and offer them to converts its
FUNDED Facilities with The Bank of Punjab - WBG to TAQWA Islamic Banking instead of settlement upon availability of funds from IPO.
 Impact on Financial Cost Due to Increase in KIBOR for One Year

Total Funded Outstanding as on Financial Charges Financial Cost % FC after KIBOR Financial Charges
Sr # Name of Bank Current FC % Before KIBOR after Increase in Impact Due to Pricing
Limits April 11, 2022 Increase
Change KIBOR Increase in KIBOR
1 HBL DF 250,000,000 19,726,498 14.82% 2,923,467 16.01% 3,158,212 234,745 1 YK+2.5%

2 HBL - S&W 328,000,000 82,000,000 3.00% 2,460,000 3.00% 2,460,000 - 3%

3 BOP-TIB 500,000,000 500,000,000 13.60% 53,758,881 16.01% 55,102,853 1,343,972 IYK+2.5%

4 BOP - S&W 375,000,000 93,750,000 3.00% 2,812,500 3.00% 2,812,500 - 3%

2,582,064 14.18% 366,137 15.43% 398,412 32,276 6MK+2.25%

5 NBP Aiteemad 200,000,000
29,986,750 14.79% 4,435,040 15.43% 4,626,956 191,915 3MK+2.25%

PGL - Generator 6,507,628 15.69% 1,021,047 17.50% 1,138,835 117,788 IYK+3.99%

PGL - IT Equipment 14,539,445 16.70% 2,428,087 18.51% 2,691,251 263,164 IYK+5%

6 98,170,452
PGL - Air Condition 27,637,951 16.20% 4,477,348 18.01% 4,977,595 500,247 IYK+4.5%

PGL- Lab Equipment 45,115,123 16.95% 7,647,013 18.01% 8,125,234 478,220 IYK+5%

PAIR- Equipment 69,292,000 59,642,210 14.22% 8,481,122 16.51% 9,846,929 1,365,807 3MK+3%

7 PAIR - Vehicles 82,800,000 74,010,799 13.72% 10,154,282 16.01% 11,849,129 1,694,847 3MK+2.5%

PAIR - Vehicle/ Buses 74,559,449 30,243,199 12.97% 3,922,543 14.93% 4,515,310 592,767 6MK+1.75%

Total 1,820,462,452 985,741,669 104,887,468 111,703,216 6,815,748

 Impact on Financial Cost Due to Increase in KIBOR for One Year

Sr # Financial Institute & Facility Outstanding as on Current FC % Current Financial Cost Financial Cost % after FC after KIBOR Change in Financial Pricing
June 15, 2022 Increase in KIBOR Increase Cost

1 HBL DF 10,072,005 17.70% 857,048 18.47% 898,393 41,345 1 YK+2.5%

2 HBL - S&W 82,000,000 3.00% 1,299,155 3.00% 1,299,155 - 3%

3 BOP-TIB 500,000,000 17.70% 88,060,531 18.47% 91,891,413 3,830,882 IYK+2.5%

4 BOP - S&W 93,750,000 3.00% 2,095,890 3.00% 2,095,890 - 3%

5 NBP civic 3,504,550 16.95% 547,253 17.88% 577,280 30,026 6MK+2.25%

NBP Old 1,305,417 16.74% 161,503 17.10% 164,999 3,496 3MK+2.25%

NBP Buses 90,950,000 16.74% 13,931,945 17.10% 14,231,557 299,612 3MK+2.25%

NBP Bolan 1,007,675 16.74% 157,096 17.10% 159,534 2,438 3MK+2.25%

NBP Yaris 2,408,050 16.74% 466,525 17.10% 474,060 7,535 3MK+2.25%

6 NBP Porsche 26,482,200 16.74% 4,084,096 17.10% 4,171,926 87,830 3MK+2.25%

PGL - Generator 6,176,352 19.19% 1,017,290 19.96% 1,059,454 42,163 IYK+3.99%

PGL - IT Equipment 13,259,594 20.20% 1,955,764 20.97% 2,039,085 83,321 IYK+5%

PGL - Air Conditioner 26,235,312 19.70% 4,437,679 20.47% 4,629,547 191,868 IYK+4.5%

7 PGL- Lab Equipment 43,090,070 19.70% 7,417,809 20.47% 7,738,283 320,475 IYK+5%
Pair High Speed PC SLB 11,070,000 17.54% 1,453,533 17.85% 1,479,992 26,459 3MK+3%

PAIR- Equipment 57,530,254 17.49% 9,231,707 17.85% 9,491,846 260,139 3MK+3%

PAIR - Vehicles 72,488,825 16.99% 6,610,452 17.35% 11,415,524 4,805,072 3MK+2.5%

PAIR - Vehicle/ Buses 26,474,947 16.45% 3,352,491 17.38% 3,560,015 207,524 6MK+1.75%

Total 1,067,805,251 147,137,768 157,377,953 10,240,185

Weighted Average Cost of Debt 15.79%

W.A Cost of Debt without Subsidised Loan of Salaries 18.31%