REPCO BANK Ltd, DATE: 20-02-2024 356 Process Note For Uptos0 Lakhs Date 20-02-2024 [Branch Name NELLORE [Name of the Applicant ]GANDOTI RAMESH KUMAR [Customer 1D ‘A071 NROOD0004570 [Constitution Individual Business Activity/Occupation/Profession FABRICATION WORKS Co-applicant Deta ‘Name Customer 1D IGANDOTI NAGA PRASANNA [AO7INR0000004571 [Guarantor Details Name ‘Membership / Customer 1D |AMARTIALURU DIANUNIAYA KUMAR ‘A071 NROOOO0O4S72 Borrowings of the applicant Nature of Facil Purpose ‘Amount Sanctioned [Balance Outstanding] Monthly Loan] Details of Security ‘Commitment Personal Loan stig Needs] 1,55,000 112,000 lo The Loan account shall be repaid with the proceedings of proposed loan, PERSONAL LOAN. 3,00,000. 300,000, 15,416 [Officer comments about the applicant and co-applicant (with reference to business activity competition track record with repeo bank) [SFG Ramesh Kumar is new customer of our branch. He has approached us for the term loan of Rs.30,00 Lakh towards clearance lof his business debts and other outside debts incurred during acquisition of total share of mortgaging property from his father and brother after expiry of his mother. These debts was taken from the Friends and relative cizele with eoodwill asa security. He is running a fabrication unit in the name of M’s.Ramani Mega |Contractor. as a partnership firm with partner as himself and his spouse (G Naga Prasanna) at D.No. 1-977-1, Bangowthote, Nawabpet, Nellore, Andhra Pradesh-S24002 for the past 1S years and his taking. fabrication contracts with the industries in the Nellore and Nellore Surrounding Areas. He is running this business with help of 5 noth Indian workers, He is a registered person under GST ACT 2016 and filing regular monthly returns under this act. He has submitted ast 6 months returns forthe proof of business. He is getting monthly gross receipts of Rs.6,00 Lakh to Rs.10.00 Lakh based works undertaken. He is getting regular contracts oF works from the clients with his reputetion in the work completion and dedication towards clients redresses for their grievances of previous works undertaken by him He is maintaining margin of 15% to 20% of gross receipts and hence his average monthly net profit ftom his business is Rs.90,000:- to Rs.1.50,000/., As per the GST retums average gross receipts is Rs 3.64 Lakhs, but actual receipts at Rs. 10.00 Lakh as per the borrover statement. Conservatively on branch assessment, we have derived the gross receipts at Rs$.40 Lakh with profit margin at 15%. Hence his ‘monthly net profit is Rs.81000/-.. We have not spilt this profit between partner because of family partnership and moreover wife- husband business. Hence the applicant monthly income is Rs. Phelan “fm 1{81000)-. He is receipt the contract amount/works amount after [completion basis. Presently he is undertaking contracts of amout Rs. 15.00,000/- for the last two months near Krishnapatanam Port Mortgaging property consists of three floors (Ground floor - Two portions occupied by tenants, First Floor occupied by the owner or mortzayor, Second floor ~ One portion occupied by tenants). He is Jzetting monthly rental income of Rs. 15,000/- from three portions of mortgaging property. He is getting this income on cash basis and not ‘maintaining any agreement with the tenants, during the branch assessment, we have verified the same and found correct, Hence hi total income oF the borrower is Rs, 96,000/= Smi.G Naga Prasanna joins as a Co-appticant to proposed loan and she is wite the applicani, She is one of the partner of Mis.Ramani Mega Contractors, Partnership Firm. He is help and taking care of Junie whenever need occurs, a Officer Comments about the applicant and eo-applicant(wi reference to occupation, businesssales,profit, ion.track record with repco bank) [Se.G Ramesh Kumar is new customer of our branch, He has approached us forthe term loan of Rs.30.00 Lakh towards clearanve JoF his business debts and other outside debts incurred during acquisition of total share of mortgaging property from his father and brother after expiry of his mother. These debts was taken from the riends and relative circle with yoodwill as a security {He is running a fabrication unit in the name of Mis Ramani Mega Contractor. asa partnership firm with partner as himself and his spouse (G Naga Prasanna) at D.No.1-977-1, Bangowthota, Nawabpet, Nellore, Andhra Pradesh-524002 for the past 15 years and his taking Fabrication contracts with the industries in the Nellore and Neliore Surrounding Areas. He is running this business with help of 5 north Indian workers, He is a registered person under GST ACT 2016 and Tiling regular monthly retures under thi aet. He has submited last 6 months returns forthe proof of business. He is getting monthly gross receipts of Rs.6.00 Lakh to Rs.10.00 Lakh based works undertaken, He is getting regular contracts or works from the clients with his reputation in the work completion and dedication towards clents redresses for their grievances of previous works undertaken by him, He is maintaining margin of 15% to 20% of gross receipts and hence his average monthly net profit from his business is Rs.90,000%- to Rs.1,50.000/. As per the GST retums average gross receipts is RS. 3.64 Lakhs, but actual receipts at Rs. 10,00 Lakh as per the borrower statement. Conservatively om branch assessment, we have devived the gross receipts at Rs$.40 Lakh with profit margin at 5%. Hence his ‘monthly net profit is Rs $1000:-, We have not spilt this profi berween partner because of family partnership and moreover wife husband business. Hence the applicant monthly income is Rs. $1000. He is receipt the contract amount/works amount after completion basis. Presently he is undertaking contracts of amounting Rs. 15.00,000:- for the ast twa months near Krishaapatanam Port Mortgaging property consists of three floors (Ground floor - Two lportions occupied by tenants, First Floor occupied by the owner or mortgagor, Second floor - One portion occupied by tenants). He is getting monthly rental income of Rs.15,0001- from three portions af mortgaging property. He is getting this income on cash basis and not ‘maintaining any agreement withthe tenants. during the branch lassessment, we have verified the same and found correct, Hence bis total income of the borrower is Rs 96,0001 2‘Sm.G Naga Prasanna joins as a Co-applicant to proposed lean and she is wife the applicant. She is one of the partner of M/S Ramani Mega Contractors, Partnership Firm. He is help and taking care of unit wheneveF need occurs, Nature of town REPCO SURABHITL Narration of the purpose He has approached us for the termn loan of RS.30.00 Lakh towards ‘clearance of his business debts and other outside debis incurred uring acquisition of total share of morigaging property from his father and brother after expity of his mother. These debts was taken from the friends and relative circle with goodwill as a security [Loan/Limit amount requested = 30,00,000 Repayment Total Income per month [Total existing loan commitments per month (Other Expenses lo [Surplus available per month [30,584 [Repayment period in months (excluding moratorium) Ey Rate of Interest 11.60) Variance ROW C35 Net ROL 10.25 Reason for variance of ROT Head Office ROI fixation leter dated 17.02.2024 and HO IF Ne2I12 dated 17.02.2024 EMI for proposed toan 30.062 Net surplus 0.5 [Con nents on repayment eapacity "The applicant is running a fabrication unit in the name of Mis Ramani Mega Contractor. as a partnership firm with pattner as himself and his spouse (G Naga Prasanna) at D.No,1-977-1, Bangowthota. Nawabpet, Nellore, Andhra Pradesh-524002 for the past 15 years and his taking fabrication contracts with the industries in the Nellore an Nellore Surrounding Areas He is geting monthly gross receipts of Rs.6.00 Lakh to Rs.10.00 Lakh based works undertaken. He is getting regular contracts oF jvorks from the clients with his reputation in the work completion end dedication towards clients redresses for their prievances of previous works undertaken by him. He is maintaining margin of 15% to 20% of gross receipts and ence his average monthly net profit from his business ts Rs-90,00/- bo Rs.1.50,000/=. As per the GST returns average gross receipts is Rs. 3.64 Lakhs, but actual receipts at Rs.10.00 Lakh as per the borrower statement. Conservatively on branch assessment, we have derived the ross receipts at RS5.40 Lakh with profit margin at 15%. Hence his monthly net profit is Rs 81000. : Mortgaging property consists of three floors (Ground floor - Twe. Portions occupied by tenants, Fist Floor occupied by the owner oF mortgagor, Second oor - One portion occupied by tenants). Ile is getting monthly rental income of Rs.15,000/- from three portions oF mortgaging property. He is getting this income on cash basis snd not maintaining any agreement withthe tenants, during the branch assessinent, we have verified the same and found correct. Hence his total meome of the borrower is Rs 96.000) {ohio & 3Per month Business Income of applicant Rs.81,000/- Rental income of applicant Rs.15,000/- HToval income Rs.96.000/- The existing loan commitment with other banks: Bank Name Outstanding EMI (in Lakhs) "( Loan Amount Lakhs) G Rames Kumar Aditya Birls Finance Lid 3.00 3.00 Rs. 15.416 Personal Loan IG Ramesh Kumar Rs.NIL Personal Loan Loan shall be closed from the proceedings of the proposed loan. Bajaj Finance Lad 1s) 2 Existing loan commitment ofborrowers Rs. 18.416 Proposed Loan commitme Rs 40,062. Tota} Loan commitment Rs $5.47 so, Net surplus per month ——RsA0,522 So, the borrowers have enough repayment capaci loan account with us. for the proposed [Comments on unit inspection Date Name of th inspecting Officer ‘Comments 19-62-2024 Malla: Eswara Rao (CM) and Bhaskara Rao PalakirthAM) He is running a fabrication unit in the name lof Mis.Ramani Mega Contractor, as a partnership firm with pariner as himself and his spouse (G Naga Prasanna) at D.No, 1.977-1, Bangowthota, Nawabpet, Nellore, Andhra Pradesh-524002 for the past 15 years and his taking fabrication contracts with the industries in the Nellore and Neltore Surrounding Areas, He is running this business with help of S north Indian workers. He is registered person under GST ACT 2016 and filing regular monthly returns under this act, He has submitted last {6 months returns for the proof of business. |Comments on Security inspection Date yecting Officer ‘Comments I r9-02-2024 IMalladi Eswara Rao (CM) and Bhaskara Rao PalakirthitAM) The property offered as security for the proposed loan is Residential Building |Contains Three Floor ie. G Plus ? Floors The property is located in developed residential area of Nellore and has good marketability Valuation Report (Rs. in lakhs) [Total Value taken for security Coverage [cos 4Loan Exposure 30 223) [Asset coverage ratio ‘Comments on Security Coverage It is poses adequate security coverage as per our norms, Security [coverage ratio 2.23 times of exposure [Comments on legal opi [As per legal opinion opinion given by our panel lawyer Sei P.SANAJIV KUMAR dt 14.02.2024, the applicants has clear ttle lover the property, Further We obtained Ho Legal Clearance, Vide Mis SRINLRILARD/2023-2024 Date.20.02.2024, There is no adverse remarks in the Legal opinion, ‘CIBIL Remarks [There is no adverse remarks in CIBIE report 1. Auto Loan availed by Sri.G Samba Siva Rao, father of Sr.G Ramesh Kumar closed in the month of Januray 2024 and subsnitted letter from HDEC Bank. Hence not taken into consideration is about Guarantor Sri Dhununjaya Kumar is joining a « Gaaeanor for the proposed [oan He isa close friend of borrower and he knows S.C Rainesh Kumar forthe past 25 years and he is working as 8 Manager in Mi Lakshmu Srigev: Rice Mill (Raw and Boiled), NV Gardens, Ashok Nagar, Nellore, Ancira Pradesh. He i getting monthly salary and ‘commission of Rs,50000/- on cash basis and employer also not provided any letter regarding this. Hence, we have obtained hs income tax returns as praof of income. He is a ereditworthy person. Recommendation by the branch Nature of Loan] Amount in Rs.| — Rate of Total Moratorium | Repayment | Validity upto | EMI for Interest(%) | repayment | period in period in proposed loan period in months ‘months in Rs. months (excluding, s moratorium) REPCO 30.00.00 10.25 120 lo 120 0,062 [SURABRITL Purpose [Clearance of Outside Debts [Branch Officer Comments [Considering the applicant monthly Business income and applicant Rental Income security value.genuine purpose they may be sanction Loan of Rs.30,0000 Lakh under the scheme Repeo instant property Loan scheme swith repayment period 120 EMIs for the purpose of clearance of debts with our terms and conditions Branch Manager © Based on the above aspects, applicants income source, liabilities lobligations. purpose of loan amount and other aspects mentioned in te loan proposal, we may pleased to sanction term loan of Rs.30.00 [Lakh towards clearance of Outside Debts of SriG Ramesh Kumar xdet Repco Surablii Scheme repayable in 120 months with applicable terms and conditions ich Head