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BANK OF BARODA

Head Office : Mandvi, Baroda


Proposal for credit facilities

(NEW PROPOSAL /REVIEW/REVIEW WITH INCREASE /DECREASE /ADDITIONAL F

Submitted to :

The Asstt. Gen. Manager


Agra

Reference No. :
Date

Borrower,s No.
xxx
Borrower's Name: A.A..International..

Address :--Office

Branch
Region
Zone

Lakri Fazalpur
Moradabad

:
:
:

Health Code
Credit Authorisation

Factory Lakri Fazalpur


Moradabad

Prior Approval
Reporting

NA

Group affilaitaion

Located in Back ward area


(State whether MRTP/

---Manufacturing

Other Group )

Date of incorporation
Registered as

:
:

Public/Private/Joint sector :

1990

Large and Medium

SSI Unit

SSI

Prop. Firm

Trading
Selective Credit Control
Export oriented

Dealing with our Bank since :

1990
Import Substitution

Borrower's Business

: Manufacturing & Export of


Brass, EPNS Iron Metal
Artware & Handicrafts

Is it a sick Unit?
If so, Under Nursing Programm
Credit Guarantee Cover
ECGC Cover:

Whether products are

NA

Yield in the account

under price control

Period

From

01.04.2001t

Amount Rs 40.91 la

Borrower's Name: A.A..International..

Proposal page no.

Name of prop./partners/directors Net worth


(Rs In lacs)
31.03.2002

Guarantor's Name

1. Mr OmVeer Singh

Mr. Prem Veer Singh


Smt.Rajni Thakur

378.17

Smt Manorama Singh

Name of Chief Executive /Fin

Mr. Om Veer Singh

Net worth of the firm/co. as on 31.03.2002


(Rs In lacs)

Paid up capital
Reserves

486.63
NIL

Business experience of promo

The proprietor of the firm, Mr O


is having rich and successful e
of EPNS/ Brass/ Metal/ Glass
handicraft items for last-12-yea

Accumulated profit (+)

NIL

or loss (--)
NET WORTH
Intangible Assets

Tangible Net worth

486.63
NIL
486.63

Name of the Auditors: M/s Pradeep Hari & Co.

Borrower's Name: A.A..International..

Proposal page no.

Production capacity : (Licensed, installed,actual/est./projected production)

No licence is required to start handicraft unit. As such no licensed/ installed capacity is f


Prduction of the firm largely depends on orders in hands to be executed during the year.
Manufacturing of brass items is labour intensive and production can be stepped up easi
additional labour , which is available locally in Moradabad.

Raw materials,power etc. availability /Marketing set up / Market for finished produ

Raw Material :- Main raw material for the unit are brass sheets , Silver silly which are ea
local mmarket and at Jagdhari. Besides this glass items required are procured from Fir

Power :- The firm has got power load of 157.50 KVA for the production and as stand-by

-3- generator sets of 360 KVA are also available.

Marketting Setup :Firm is well established among the oversease buyers and having wide
marketing through buying agencies which provide export orders to the firm through out

Major suppliers of raw materials &


customers of company's products

Overdues in TL/DPG
Instalment /Interest

Raw material is locally available on demand


from various suppliers of local market as well as
from outside market viz. Jagdhary and Firozabad.

Not applicable

Buyers :
TWO'S Co. Inc
ANTHOPOLOGIE
TUESDAY MORNING INC
CANADIAN TIRE CORP.LTD.
TORRE & TAGUS DESIGN LTD
RESTORATION HARDWARE
WILLIUM SONOMA INC
COST PLUS Inc.
SIA BENELUX NV

USA
USA
USA
CANADA
CANADA
USA
USA
USA
USA

Borrower's Name: A.A..International..

SIA FRANCE INC


SIA ITALIA SRL
SIA INTERNATIONAL
SIA UK LTD
HABITAT UK/ FRANCE

Proposal page no.

Date of last review

22.01.2002

Sole/Multiple/Consortium

Sanctioning authority

DGM, WUP
& U Zone

Lead Bank

Due date for review

22.01.2003

Reasons for delay in review

Delayed submission

Our Share in percentage

of financial papers by firm.

Quarterly operating statement regularly received

Documents are in order

: NO

( if No, please give


adverse position an
rectified or not )

:YES.

Terms and conditions of sanction complied

YES.

Deposit relationship/Ancilliary Business

Whether refinance is obtained


term loans ? If not, reasons th

Following deposits are being maintained by the firm


with us '
'FDR for Rs 100.00 Lacs
Not Applicable

NCREASE /DECREASE /ADDITIONAL FACILITIES)

I.B.B. Moradabad
AGRA
Western U.P & U Zone

1
NA
NA
NA
Located in Back ward area

NO
YES
NA
YES
NO

Selective Credit Control

NO
YES
NO

NO
If so, Under Nursing Programme
Credit Guarantee Cover

NO
YES

:
From

13.02%

01.04.2001to 31.03.2002

Amount Rs 40.91 lacs

Proposal page no. 2

Guarantor's Name

Net worth
(Rs In lacs)
31.03.2002

Mr. Prem Veer Singh

792.80
77.32

Smt Manorama Singh

46.07

Name of Chief Executive /Finance controller

Business experience of promoters

The proprietor of the firm, Mr Om Veer Singh


is having rich and successful experience in exports
of EPNS/ Brass/ Metal/ Glass wares and
handicraft items for last-12-years.

Proposal page no. 3

tual/est./projected production)

such no licensed/ installed capacity is fixed.


n hands to be executed during the year.
and production can be stepped up easily by deploying

ting set up / Market for finished products etc.

e brass sheets , Silver silly which are easily available in


ass items required are procured from Firozabad.

KVA for the production and as stand-by arrangement

g the oversease buyers and having wide network of


de export orders to the firm through out the year.

Overdues in TL/DPG
Instalment /Interest

FRANCE
SRL
SA
UK
UK

Proposal page no. 4

Sole/Multiple/Consortium

: Sole

-- --- --

Our Share in percentage

100%

( if No, please give full details of


adverse position and state whether
rectified or not )

Whether refinance is obtained on eligible


term loans ? If not, reasons thereof :

Not Applicable

Proposal Page No. 5


Borrower's Name:A.A. International

Nature of facility

Existing
Limits

Proposed
Limits

A. FUND BASED LIMITS


Term Finance
1. Term Loan

7.40

5.30

Margin
Period

Rate of interest

:
25%
: 36 Months. Repayable in 12 quarterly instalm
each wef April 01 or -3- months after first disb
:

Security

2.00 % over TPLR

: 1. D.P. Note duly executed by firm and its pr


personal capacity.
2. Hypothecation of Machinery / Vehicle.
3.Blank TTO forms duly executed by firm.
4. Letter of Installment with acceleration cla
5. Irrevocable Power of Attorney in Bank's fa

Working Capital Finance

1. Packing Credit
Purpose
Margin
Period
Rate of interest

( Regular Limit )

280.00

280.00

: To finance preshipment credit requirements


:
20%
:
12 Months
2.50 % below PLR upto 180 days, beyond 18
days 0.50 below PLR beyond 270 days as pe
guidelines.

Security :

1 Joint & Several D.P. Notes executed by the firm and its partners in personal ca
2. Letter of continuing security without negative lien clause
3. Hypothecation of stocks of goods like all kinds of raw materials and
Semi Finished stocks, consumable stores , & Finished goods etc.
4. Export Trust Receipts
5. Letter of undertaking for adjustment of P.C. by negotiation of the export docum
stipulated period.
6. Deposit of prime Bank 's L/C and /or confirmed orders.

PROVISO:- To provide two way convertibility between Packing Credit and FBP upto Rs 100.0

Other Condition :1. It must be ensured that no individual Packing Credit is outstanding for more t
or actual production cycle whichever is earlier.

Proposal Page No. 5a


Borrower's Name:A.A. International

Nature of facility
2. Foreign bills Purchased / PSDL
(DP/DA Bills ) ( Usance 60/90 Days)
Margin
Period
Rate of interest
:

Commission
Purpose

Existing
Limits
150.00

Proposed
Limits
150.00

: 10 % on DA Bills
:
12 Months
2.50 % below PLR upto 90 days, beyond 90 d
0.50 % over PLR or as per Bank's/ RBI guide
force from time to time, thereafter at commer
: As per FEDAI rules/ Bank's/RBI guidelines.
: To finance postshipment credit requirement

Security :

1. FBP undertaking duly executed by the firm and its proprietor in personal Capa
2. Letter of pledge of security with suitable modification as applicable.
3. Lodgement of DA/DP Bills drawn on first class parties under
prime bank's L/C and/or confirmed orders accompanied by
usual documents including bills covering consignment of
Brass Builders Hardware, Indian Iron H/W & Aluminium Hardwares.
Sub -Limit
Bills Purchase Clean
Margin
Charges
Purpose
Security

25

25.00

0.00

: NIL
: As per bank's existing guidelines.
: For purchase of DDB cheques.
: 1. Letter of BP undertaking
2. Power of attorney to receive DDB entitlements from the appr

authority.
3. DDB cheques deposited with the Bank.
Over Draft against FDR

Limit
Margin
Interest
Period

95.3
: 5%
: 1% above deposit rate
: 12 months

Security

: 1. Duly discharged FDR in the name of Firm / Proprietor value


2. LDOC duly signed by Depositor / Borrower.
3. Letter of sole proprietorship.

Proposal Page No. 6


Borrower's Name:A.A. International

Modification in terms and conditions /variation in limits etc. with purpose /justificati

1. To allow Two way convertibility of Rs 100.00 lacs between P.C. and FBP limits.
2. To allow substitution of LIC policy No. 251464128 S.V. Rs 17.33 lacs as on 15.02.2002 b
of land value Rs 20.00 lacs.

CONFIRMATION OF ACTION:
1. Action of the branch in having continued the facilities beyond due date of review I.e.22.0

2. Action of the branch in having allowed following Excess ,Adhoc & TOD facilities beyond
Nature
of facility
TOD

Account

Limit/ A.V.

Max. Amount
of excess

nil

Borrower's Name:A.A. International

Working Capital Assesmment

Period

Proposal Page No. 9

For the year 2003-2004

1200.00 lacs

Based on sales

Method of lending :

Second

Justification for working capital Limits:

As per appraisal note

Deviations in Inventory /receivable holding with reasons

As per appraisal note

Term Loan /DPG reqirement with Justification:

As per appraisal note

Contigent Limits requrements with justfications

NIL

Proposal Page No. 10

Conduct of the account :


Dealing and conduct of the accounts are satisfactory

Proposal recommended by :

Branch Manager

AGM/DGM/GM of the Zone

YES

Regional Manager

----

Functional Authority at CO

Comments /Recommendations of sponsoring Authority:

In view of satisfactory dealing of the party and deposit relationship , we recommend for re
credit facilities as proposed on page No. 5 & 5A of the proposal for further period of 12 mo
on terms and conditions mentioned in Annexure D1 to D3 and with modification as mentio
6 'of the proposal and in appraisal note.we also request to confirm the action of the branch
continued the 'facilities beyond due date of review I.e.22.01.2003, to the date of review.

Date :

Office : International Business Branch,


MORADABAD

Signature & Designation

Decision and comments of sanctioning authority:

Date :
Office

Signature & Designation

Proposal Page No. 5

Diff /Increase
Decrease

-2.10

Months. Repayable in 12 quarterly instalment of Rs 62000


h wef April 01 or -3- months after first disbursement.

D.P. Note duly executed by firm and its proprietor in their

Hypothecation of Machinery / Vehicle.


Blank TTO forms duly executed by firm.
Letter of Installment with acceleration clause.
rrevocable Power of Attorney in Bank's favour.
NIL

finance preshipment credit requirements of the firm.

% below PLR upto 180 days, beyond 180 days to 270


s 0.50 below PLR beyond 270 days as per RBI / bank's

by the firm and its partners in personal capacity.

ike all kinds of raw materials and

of P.C. by negotiation of the export documents within the

between Packing Credit and FBP upto Rs 100.00 lacs.

l Packing Credit is outstanding for more than 180 days

Proposal Page No. 5a

Diff /Increase
Decrease
0.00

% below PLR upto 90 days, beyond 90 days to 6 months


% over PLR or as per Bank's/ RBI guidelines in
e from time to time, thereafter at commercial rate.
per FEDAI rules/ Bank's/RBI guidelines.
finance postshipment credit requirement of the firm.

he firm and its proprietor in personal Capacity.

o receive DDB entitlements from the appropriate

DR in the name of Firm / Proprietor value Rs 100.31 lacs.

Proposal Page No. 6

n in limits etc. with purpose /justification:

28 S.V. Rs 17.33 lacs as on 15.02.2002 by equitable

cilities beyond due date of review I.e.22.01.2003.

g Excess ,Adhoc & TOD facilities beyond its powers.


When adjusted

Proposal Page No. 9

Proposal Page No. 10

Functional Authority at CO

eposit relationship , we recommend for review the


f the proposal for further period of 12 months
D1 to D3 and with modification as mentioned on page no.
equest to confirm the action of the branch in having
w I.e.22.01.2003, to the date of review.

----

Signature & Designation

Signature & Designation

Borrower's name :- A.A. International

Proposal Page No. 1

LIST OF ANNEXURES
Annexure

Contents

Whether Enclosed
Yes/No/Not appicable

Major shareholders

NO

Name of consortium member banks with


sharing pattern (with Proposed limits)

NA

Facilities with Financial Institutions/


Other banks (with Existing limits)

NIL

Detailed terms and conditions

YES

Operating Statement

YES

Analysis on Balance Sheet

YES

Cost of Project and sources of finance


(For New Projects/Expansions etc.)

NA

Funds flow statement ( additional data


three years for fresh T/L and DPGs only)

NA

Record of Business turnover

YES

Working Capital Assessment

YES

Group Concerns and their Banking


arrangement

YES

Major adverse features pointed out by


RBI/Inspectors/Auditors and steps taken

YES

Minutes of the Consortium Meeting

NA

Appraisal Note for Sick units

NA

Proposal Page No. 11

Whether Enclosed
Yes/No/Not appicable

Borrowers Name : M/S A.A. International

Annexure

DETAIL OF SHAREHOLDERS
S.No.

Name of the share holder

NOT APPLICABLE

No. of shares

Amount

Annexure

% Holding

Borrowers Name : M/S Paramount Metal Factory

BANKING ARRANGEMENT COMPANY AS A WHOLE /DIVISION W


Name of the Bank

Bank of Baroda

Share ratio

100.00%

Proposed

Limits (Rs in La

Term loan
PC
FBP
OD against
FDR

0.00
478.00
42.00

Total

620.00

100.00

ANNEXURE B

ANY AS A WHOLE /DIVISION WISE


Proposed

Limits (Rs in Lacs)

Borrowers Name : M/S R.R. International

FACILITIES WITH FINANCIAL INSTITUTIONS & OTHER BANKS (EXISTING LIMITS)

Name of the Bank/


financial Institution

Nature of facility

NIL

Limit

ANNEX URE C

& OTHER BANKS (EXISTING LIMITS)

(Rs in lacs)
O/S
Overdues
balance

Borrower's Name: M/S PARAMOUNT METAL FACTORY


ANALYSIS OF BALANCE SHEET
SNO
PARTICULARS
YEAR ENDING

ACTUALS
31.03.2005

ACTUALS
31.03.2006

CURRENT LIABILITIES
1 Short Term Borrowings from banks
a. From Bank Of Baroda
b. From other Banks

494.55
0.00

642.49
2.21

Sub Total (A)

494.55

644.70

0.00

0.00

0.00

0.00

85.74

190.71

0.00

0.00

13.34

56.68

7 Interest and other charges accrued


but not due for payment

0.00

0.00

8 Provision for taxation

0.00

0.00

9 Dividend Payable

0.00

0.00

10 Other Statutory Liabilities


(Due in one year)

0.13

0.50

11 Instalment of term Loan/Deferred


Payment credit/deb./redeemable

0.00

0.00

5.43

6.03

2 Short Term Borrowings from others


(Mobilisation Advance adjustable within one year)

3 Deposits (Maturing in One Year)


4 Sundry Creditors (Trade)
5 Unsecured Loans
6 Advance/progress payment from
customers/deposits from dealers

preference shares (one year due)


12 Other Current Liabilities and
Provisions (due in one year)

Sub Total (B)


13 TOTAL CURRENT LIABILITIES (A+B)

104.64

253.92

599.19

898.62

Borrower's Name: M/S Paramount Metal Factory


ANALYSIS OF BALANCE SHEET
SNO

PARTICULARS
YEAR ENDING

ACTUALS
31.03.2005

ACTUALS
31.03.2006

TERM LIABILITIES
14 Debentures (not maturing in one Year)

0.00

0.00

15 Redeemable preference share


(maturing after 1 but before 12 yrs)

0.00

0.00

2.51

7.32

0.00

0.00

0.00

0.00

0.00

0.00

2.51

7.32

16 Term loans (repayable after 1 year)


16 a. Borrowings from group companies
Directors,friends,relatives.
b. Others
17 Deferred payment credits
18 Public Deposits
19 Other Term Liabilities
(Mob. Adv. Adjustable after one year)
20 Total Term liab.(total 14 to 19)

21 TOTAL OUTSIDE LIABILITIES (13+20)

601.70

905.94

277.70

34.92

23 Preference Share Capital


maturing after 12 years)

0.00

0.00

24 General Reserve

0.00

0.00

25 Development rebate reserve/


investment allowance

0.00

0.00

26 Other Reserves (excl. Provisions)

0.00

0.00

27 Surplus(+) or Deficit(-) in P&L A/C

0.00

0.00

28 NET WORTH (Total of 22 to 27)

277.70

34.92

29 TOTAL LIABILITIES (21+28)

879.40

940.86

NET WORTH
22 Ordinary Share Capital

Borrower's Name: M/S Paramount Metal Factory


ANALYSIS OF BALANCE SHEET

SNO

PARTICULARS
YEAR ENDING

ACTUALS
31.03.2005

ACTUALS
31.03.2006

CURRENT ASSETS
30 Cash and Bank balances

189.75

94.25

0.00
0.00

0.00
0.00

0.00

0.00

c Duty Draw Back


33 Instalments of deferred receivables

102.52
44.76
0.00

259.67
73.31
0.00

34 Inventory
a. Raw material-Imp
(incl. stores)--Ind
b. Stocks-in-process
c. Finished goods
d. Other Consumable spares

176.88
0.00

160.56
0.00

205.97

272.53

36 Advance payment of taxes

51.09

7.14

37 Other Current assets

37.61

0.61

808.58

868.07

32 Investments:(other than long term


investments:
a. Govt and other trustee securities
b. FDs in Banks/shares
32 a. Receivables other than deferred
and export receivables due in 1 year
b. Export receivables

35 Advance to suppliers of raw


material & store/spares consumable

38 TOTAL CURRENT ASSETS


(Total of items 30 to 37)

Borrower's Name:
ANALYSIS OF BALANCE SHEET
SNO

PARTICULARS
YEAR ENDING
FIXED ASSETS
39 Gross block
40 Depreciation to Date
41 Net Block (39-40)
OTHER NON CURRENT ASSETS
42 Investment/Book debts/advance/
deposits etc.
(a) i) Investment in subsidiary
Companies/affiliates etc
(ii) Others
(b) Advances to suppliers of capital
goods,spares & contractors for
capital expenditure
(c) Deferred receivables maturing
beyond one year
(d) Others
43 Non Consumable Stores and spares
44 Other miscellaneous assets incl.
dues from directors
45 TOTAL OTHER NON CURRENT ASSETS

ACTUALS
31.03.2005

ACTUALS
31.03.2006

(42+43+44)
46 Intangible Assets
(patents,goodwill ,preliminary &
formation Exp. bad/doubtful debts
not provided for etc.)
47 Total Assets (38+41+45+46)
48 Tangible Net worth ( 28-46)
49 NET WORKING CAPITAL (38-13)

Borrower's Name:
OPERATING STATEMENT
SNO

PARTICULARS
AS PER P & L A/C FOR THE YEAR ENDING

1 Gross Sales
2 Less : Excise duty
3 Net sales
4 Cost of sales
a. Raw material (incl. stores)
----imported
----indigenous

ACTUALS
31.03.2005

ACTUALS
31.03.2006

b. Other spares
c. Power & Fuel
d. direct labour
e. repair &maintenance
f. Other mfg/direct exp./ Work Contract Tax
research & dev costs
g. Depreciation
Sub Total
Add : Opening stock in process
Sub Total
Deduct: Closing Stock in Process
Sub Total
Add:Opening Stock of finished goods
Sub Total
Less:Closing Stock of finished goods
Sub Total
Total Cost of sales
5 Gross Profit (3-4)
6 Interest on term loan
overdraft & others
7 Selling,general & administrative exp
Sub Total
8 Operating Profit(5-(6+7)

Borrower's Name:
OPERATING STATEMENT

SNO

PARTICULARS
AS PER P & L A/C FOR THE YEAR ENDING

9 Other Income/Expenses
Income
Less : Expenses
Sub Total
10 Profit Before Tax/Loss (8-9)
Provision for tax
11 NET PROFIT

ACTUALS
31.03.2005

ACTUALS
31.03.2006

Borrower's Name:
FINANCIAL POSITION
SNO

PARTICULARS
YEAR ENDING

1 Current Assets
2 Current Liabilities
3 Contribution To Working Capital(1-2)
4 Net Fixed assets
5 Term Liabilities (other than funds
borrowed from group co's ,directors.
6 Contribution to Fixed Capital(4-5)
7 Funds invested in business(3+6)
8 Funds invested outside business/in
group co's/non current assets etc
9 Funds borrowed from group Co's,
directors,friends,family members/
govt. etc
10 Intangible assets(like goodwill etc)
11 Tangible net worth(7+8-9-10)

(Rs in lacs)
ACTUALS ACTUALS
31.03.2005 31.03.2006

12 Net sales (excl Other income)


13 Cost of sales
14 Gross profit (12-13)
15 Net profit (before tax)
16 Provision for development Rebate/
investment allowance reserve
17 Depreciation for the year
18 Cash profits (15+16+17)
19 Dividends payable/paid/withdrawls
20 Provision for taxation
21 Funds retained in the business
(18-19-20)
Borrower's Name:
SNO

PARTICULARS
YEAR ENDING
Current Ratio
Debt equity ratio
Quasi debt equity ratio
Gross profit/Net sales
Net profit/Tangible Net Worth
Inventory to net Sales (in days)
Receivables to net sales (in days)
Debt service coverage ratio
(In case of term Loans/DPG only)

ACTUALS ACTUALS
31.03.2005 31.03.2006

(Rs in lacs)
Actual
31.03.2007

Projected
31.03.2008

projected
31.03.2009

642.80
1.35

650.00
0.00

650.00
0.00

644.15

650.00

650.00

0.00

0.00

0.00

0.00

0.00

0.00

227.94

150.00

150.00

2.13

6.00

6.00

43.58

54.00

43.29

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.78

0.00

0.00

0.00

0.00

0.00

7.26

0.00

0.00

281.69

210.00

199.29

925.84

860.00

849.29

Actual
31.03.2007

Projected
31.03.2008

projected
31.03.2009

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

925.84

860.00

849.29

167.58

403.58

509.57

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

167.58

403.58

509.57

1093.42

1263.58

1358.86

(Rs in lacs)

Actual
31.03.2007

Projected
31.03.2008

projected
31.03.2009

213.75

2.72

3.00

1.04
0.00

1.04
0.00

1.04
0.00

0.00

0.00

0.00

263.88
106.85
0.00

150.00
125.00
0.00

160.00
130.00
0.00

186.09
0.00

630.00
0.00

700.00
0.00

202.25

250.00

270.00

31.01

30.00

32.50

0.23

0.00

0.00

1005.10

1188.76

1296.54

Actual
31.03.2007

Projected
31.03.2008

projected
31.03.2009

Actual
31.03.2007

(Rs. In lac)
Projected projected
31.03.2008
31.03.2009

(Rs. In lac)
Actual
31.03.2007

Projected
31.03.2008

projected
31.03.2009

Actual
Projected projected
31.03.2007 31.03.2008 31.03.2009

Actual
Projected projected
31.03.2007 31.03.2008 31.03.2009

Borrower's name :

ANNEXURE: J
Projected domestic sales for the period
Projected exports sales for the period

01.04.2007 to

01.04.2007 to 31.03.2008

ACTUALS
31.03.2005
DAYS

SNO PARTICULARS

Rs. 3000.00 Lacs

ACTUALS
31.03.2006

AMT

1 CURRENT ASSETS
Imported raw material
Indigenous raw material
Stock in process
Finished goods
Consumables spares
Receivables--- Domestic
--- Export
Other Current Assets
TOTAL
2 CURRENT LIABILITIES
(other than Bank borrowings)
Creditors for purchases
Other Current Liabilities
TOTAL
3
4
5
6
7
8
9
10
11

31.03.2008 Rs NIL

Working Capital Gap(1-2)


Actual/proj. Bank Borrowing
Total Current Liabilities(3+4)
Net Working Capital (1-5)
Minimum stipulated NWC $$
Item 3 - Item 7
Item 3 - Item 6
PBF(Item 8 or 9 w.e is less)
Excess Borrowings

$$:25% OF CURRENT ASSETS-EXPORT RECEIVABLES

DAYS

AMT

Rs. 3000.00 Lacs


Actual
31.03.2007

DAYS

AMT

projections
31.03.2008

DAYS

AMT

FUND FLOW STATEMENT (FOR TERM LOAN / DPG ONLY

Annex H
PARTICULARS

Year ended

ACTUALS
31.03.2006

Projected
31.03.2008

projected
31.03.2009

SOURCES
Profit Before tax

0
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00

0.00

0.00

0.00
0.00
0.00
4.81

368.66
0.00
0.00
0.00

105.99
0.00
0.00
0.00

DECREASE IN
Fixed Assets
Inter-Corp. investments & Advance

Other non current assets

4.81

368.66

105.99

150.15
149.28

5.30
0.00

0.00
0.00

16.32
0.00
81.34

0.00
109.67
39.08

0.00
0.00
0.00

Sub total:

397.09

154.05

0.00

TOTAL FUNDS AVAILABLE

401.90

522.71

105.99

Add: Depreciation
Gross funds generated
Less: Taxes Paid/Payable

Less: Dividend Paid/payable


A

Sub total: Net Fund generated


INCREASE IN
Capital

T/L / Debt / Def. Payment


Public Deposit

Other T/ labilities incl Unsecured loans

Sub total
INCREASE IN
Bank borrowings

Other Current liabilities


DECREASE IN
Inventory
Receivables
Other current assets
C

Borrower's Name: A.A..International..


FUND FLOW STATEMENT (FOR TERM LOAN / DPG ONLY
Annex H Contd....

PARTICULARS

Year ended

ACTUALS
31.03.2006

Projected
31.03.2008

projected
31.03.2009

USES
DECREASE IN
Capital

242.78
0.00
0.00
0.00

0.00
0.00
0.00
7.32

0.00
0.00
0.00
0.00

0.00

0.00

0.00

0.00

0.00

0.00

242.78

7.32

0.00

0.00
0.00

0.00
43.92

0.00
10.71

INCREASE IN
Inventory
Receivables
Other current assets

0.00
157.15
0.00

469.44
0.00
0.00

70.00
10.00
27.78

Sub total:

157.15

513.36

118.49

Loss as per P & L account


Less: Depreciation
Gross funds lost
Add: Taxes Paid/Payable
Add: Dividend Paid/payable

0
0.00
0.00

0
0.00
0.00

0
0.00
0.00

Sub total: Net funds lost

0.00

0.00

0.00

T/L / Debt / Def. Payment


Public Deposit

Other term labilities


INCREASE IN
Fixed Assets
Inter-Corp. investments & Advance
Other non current assets
D

Sub total
DECREASE IN
Bank borrowings

Other Current liabilities

TOTAL FUNDS USED

399.93

520.68

118.49

Long Term Sources


Less: Long Term Uses
Surplus(+)/Short fall(-)

4.81
242.78
-237.97

368.66
7.32
361.34

105.99
0.00
105.99

Short Term Sources


Less: Short Term Uses
Surplus(+) /Short fall(-)

397.09
157.15
239.94

154.05
513.36
-359.31

0.00
118.49
-118.49

SUMMARY:

WORKING
Bank Borrowings
Current Liabilities(Excuding term loan
instalment)

Inventory
Receivables
Other current assets
Total Current Assets

644.70

650.00

650.00

253.92

210

199.29

160.56
259.67
447.84
1766.69

630
150
408.76
2048.76

700
160
436.54
2145.83

Term loan
Pubic Deposit

0
0

0
0

0
0

0
0
7.32
0
0
7.32

0
0
0
0
0
0

0
0
0
0
0
0

0.00

0.00

0.00

0.00
0.00

0.00
0.00

0.00
0.00

Dep as per PL a/c

Fixed assets for FFS


Inter corporate Dep.
Other non current assets

0.00

0.00

0.00

34.92

403.58

509.57

Other Term Liab.


Debentures (not maturing in one Year)
Redeemable preference share
Unsecured loan
Deferred payment credits
Other Term Liabilities

Fixed assets
Less : Depreciation

Capital

0.00
34.92
-242.78

0.00 Err:509
403.58
Err:509
368.66
105.99

`
'Cost of Project and Sources of Finance (For T/L & DPG Only)
Cost of Project
Already
To be
Incurred
Incurred
Upto
Upto
S.No.

Particulaes

Land

Site Development

Building & Civil Work

Plant & Machinery


(including stores & spares)
a) Imported----CIF
b) Indegeneous

Total

Nature of source

( Cost)

Inland Transportation

Clearing & other exp. (Imp.)

Other Fixed Assets

Tech. Know - how

Preliminary & Preoperative exp.

Others --Specify

10

Contingencies & Escalation

11

Capital cost of scheme

12

Marign Money for Working Capital


Total cost of scheme

Repayment Schedule

NOT APPLICABLE

Annexure G

Rs. Lacs
Source of Finance
Already
To be
Total
Arranged Arranged
Upto
Upto
Nature of source

NOT APPLICABLE

Borrowers Name : M/S A.A. International


BUSINESS TURNOVER, 01.04.2002 to 31.12.2002

ANNEXURE - I
Amount Rs. In Lacs
WORKING CAPITAL FACILITIES
OD against FDR
Last 12 Month

P.C.
Last 12 months

Packing Credit
Limit

95.3

310.00 ( inci. adhoc ltRs 30.00 l

Max. Debit Balance

310.00

Mini. Debit Balance

280.00

Average Balance
Interest earned

90.00

297.00

7.84

20.06

Credit Summations, Total

Value of Security
Drawing Power
Debit Balance ( 07.01.2002)

b) Advance against Bill (BP/ BD)

310.00

FBP

2001-02

01.04.02 to 28.02.03

FBP/PSDL
Limit
No. of Bills
Amount

150.00

150

198

210

740.99

617.19

Max. Outstanding
Present Outstanding ( 07.01.2003 )

Overdue Bills

8.95

nil

nil

nil

nil

Number
Amount
Bills Return unpaid
Number

Amount
Discount Earned

C) Letter of Credit

3.28

Inland
DA

Foreign
DP

DA

Limit
Amount
Max. Bills Presented
Number of Outstanding Bills
Amount
Present Outstanding (Limit utilized)

Commission Earned

Annexure -I
Borrowers Name : M/S A.A. International
TERM LOANS AND DEFERRED PAYMENT GUARANTIES
Limit

Term Loan - I

Term Loan - II

Limit Sanctioned

Interest Earned

Present
outstanding

7.40

0.51

5.30

Remarks :

Guarantee (Other than Deferred Payment)

Number of Guarantees
Secured

Purpose :-

Total Liabilities
Unsecured

Commission
earned

Yield 10.28 %

Period :- From 01.04.02 to 31.12.200

Reason for low yield

NA

Amount Rs. In Lacs

( inci. adhoc ltRs 30.00 lacs

01.04.02 to 28.02.03

Foreign

Revoling
DP

DA

Overdue
Instalment

nil

Interest

DP

Unscheduli
ng
done or not

Purpose

Outstanding
No. of Grarantees
Secured

Financial

Performance

Others

Unsecured Amounts

Period :- From 01.04.02 to 31.12.2002

Borrower's Name: A.A. International

GROUP CONCERNS AND THEIR BANKING ARRANGEMENTS


Name of the firm /
company

Bank with which


they are dealing

Credit facilities , if any


Funded
-----Rs in lacs----------

3'A' Inc

Ourselves

Comments:

Conduct of the above accounts are satisfactory

184.21

Borrower's Name: A.A..International..

MAJOR ADVERSE FEATURES POINTED OUT BY AUDITORS/INSPECTORS/RBI

Features pointed out

Comments on action taken

1. Credit rating A+ needs review, branch has awarded


full marks for returning of cheques whereas there
are several occasions where cheques are returned
unpaid due to financial reasons.

Revised credit rating sheet i


The credit rating of the firm d
from A+.

2 Power of attorney to receive DDB entitlements from


appropriate authority yet to be obtained.

We have asked the firm to s


notorised POA to receive DD

3. Projected sales not achieved , decline in current ratio,


DE ratio and profit of the firm.

These facts have been takin


at the time of carrying out C
processing of the review pro

4. List of machinery with value and date of purchase not


attached with LDOC 19.

List of plant & machinery is e


LDOC-19.

5. Name of proprietor not mentioned on LDOC-38.

The name of the proprietor i


on LDOC -38.

6. Physical inspection report of mortgaged properties,


their insurance cover note and photo of depositor of
on annexure A etc are not on record.

The physical inspection of th


properties is being arranged
the firm to submit insurance
the mortgaged properties an
depositors of title deeds.

Borrower's Name: A.A. International

Minutes of consortium meeting :

NOT APPLICABLE

Borrower's Name: A.A. International

Appraisal note for sick unit


(Giving reasons for sickness ,whether potentially viable , package of reliefs/concessions
nursing Programme)

NOT APPLICABLE

Annexure

:K

RANGEMENTS

edit facilities , if any


Non funded

Sanctioning Auth.
and Date of last
Sanction/review

-Rs in lacs----------

reviewed on 30.09.2002
by Chief Manager
for 6 months

Annexure

NSPECTORS/RBI

mments on action taken

vised credit rating sheet is enclosed.


e credit rating of the firm declined to 'A'

e have asked the firm to submit duly


orised POA to receive DDB.

ese facts have been taking into concideration


he time of carrying out Credit rating and
ocessing of the review proposal.

t of plant & machinery is enclosed with

e name of the proprietor is mentioned

e physical inspection of the mortgaged


operties is being arranged. We have asked
firm to submit insurance cover notes of
mortgaged properties and photos of
positors of title deeds.

:L

Annexure

:M

e of reliefs/concessions

Annexure

:N

YEAR ENDING

ACTUALS
31.03.2005

ACTUALS
31.03.2006

Projected
31.03.2008

(A) LIQUIDITY RATIO


1-

Current Ratio
Current Assets/Current Liabilities

1.35

0.97

1.38

0.00

0.00

0.00

(B) SOLVENCY RATIOS


2-

Solvency Ratio
Net Tangible Assets/Total Outside Liab.

(C) EFFICIENCY RATIOS


(i)

Financial Management Ratios

3-

Debt Equity Ratio


Total outside Debt /Net worth

2.17

25.94

2.13

4-

Quasi Debt Equity ratio

2.15

21.45

2.13

5-

Fixed Assets Coverage Ratio


Net fixed Assets/Long,Medium term debts

6-

Debtors Turnover Ratio


=Outstanding Debtors x 365
--------------------------------------------Credit Sales

#DIV/0!

#DIV/0!

#DIV/0!

7-

Creditors Turnover Ratio (No. of d


=Outstanding Creditors x 365
--------------------------------------------Credit Purchases

#DIV/0!

#DIV/0!

#DIV/0!

(ii)

Material Management Ratio

8-

Raw Material Turnover Ratio


(Number of Days)

#DIV/0!

#DIV/0!

#DIV/0!

=Raw material on hand x 365


------------------------------------------------------------Raw material consumed during the year
9-

Process Stock Turnover Ratio


#DIV/0!
(Number of Days)
=Process of Stock on hand x 365
------------------------------------------------------------Cost of goods sold during the year

#DIV/0!

#DIV/0!

10- Finished Goods Turnover Ratio


#DIV/0!
(Number of Days)
=Finished Goods on hand x 365
------------------------------------------------------------Cost of goods sold during the year

#DIV/0!

#DIV/0!

11- Assets Turnover Ratio


=Sales
-------------------------------Net Operating Assets

#DIV/0!

#DIV/0!

#DIV/0!

0.00

0.00 ACTUALS
YEAR ENDING

31.03.2005

ACTUALS

Projected

31.03.2006

31.03.2008

(iii) PROFITABILITY RATIOS


12- Gross profit ratio
Gross profit/Gross sales

#DIV/0!

#DIV/0!

#DIV/0!

13- Net profit ratio


Net Profit/net Sales

#DIV/0!

#DIV/0!

#DIV/0!

14- Operating Profit


Operating Profit/Net Sales

#DIV/0!

#DIV/0!

#DIV/0!

15- Return On Investment

#DIV/0!

#DIV/0!

#DIV/0!

16- NWC to current assets

0.00%

0.00%

0.00%

17- NWC to working capital gap

0.00%

0.00%

0.00%

=EBIT
-----------------------Net operating Assets

OTHER RATIOS

projected
31.03.2009

1.53

0.00

1.67

1.67

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

projected
31.03.2009

#DIV/0!

#DIV/0!

#DIV/0!

#DIV/0!

0.00%
0.00%

COUNTER CHECKS OF CACULATIONS


SNO PARTICULARS
YEAR ENDING

Total libilities
Total assets
Diff

ACTUALS
31.03.2005

ACTUALS
31.03.2006

Projected
31.03.2008

879.40
0.00
879.40

940.86
0.00
940.86

1263.58
0.00
1263.58

NWC :B/S
NWS :WCA

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

Tangible net woth Bal sheet


Tangible net worth page 7

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

Current assets
Balance sheet
Page 7
Anne J

808.58
0.00
0.00

868.07
0.00
0.00

1188.76
0.00
0.00

Current Liabilities
Balance sheet
Page 7
Anne J

599.19
0.00
0.00

898.62
0.00
0.00

860.00
0.00
0.00

projected
31.03.2009

1358.86
0.00
1358.86
0.00
0.00
0.00
0.00
0.00
0.00
1296.54
0.00
0.00

849.29
0.00
0.00

ASSESSMENT OF WORKING CAPITAL LIMIT - TURNOVER METHOD


A-1

LAST YEAR - 1999-2000

A-1.1

Projected Turnover ( Net of sales returns etc. )

A-1.2

Actual Turnover (Net of sales returns etc.)

A-1.3

Variance between 1.1 and 1.2 above ( In %)

A-1.4
a

Actual Margin contributed towards working capital


requirement
Amount

Percentage to 1.2 above

A-2

CURRENT YEAR -2000-2001

A-2.1

Actual turnover (net of sales returns,etc.)upto the months


previous to the date/month of the instant appraisal.

A-2.2

Acceptable turnover for full of the current year after


taking into account the 2.1. above and other
justifications,(to be specified) if any.

A-2.3

Actual Margin contributed towards working capital


requirement (i.e. excess of total Current Assets over
total Current Liabilities) as on the date/month previous
to the date/month of the instant appraisal.
a

Amount

Percentage to 2.2. above.

A-3

NEXT YEAR -- 2001-2002

A-3.1

The turnover (net of sales returns etc.)projected by the


party.
The turnover considered acceptable by the appraising
authority for the instant appraisal considering ,inter-alia
,the relevant figures under A-1 & A-2 above and other
justifications (to be specified )if any.

A-3.2

A-3.3
A-3.4
a

Margin projected by the party to be contributed in the


next year for working capital finance.
Margin stipulated by the appraising authority amount of
this margin is to be higher among the following:
either 5% of the 3.2. above

b
A-4

or the amount as per 3.3 above

A-4.1

PERMISSIBLE BANK FINANCE shall be (25% of A-3.2


minus the amount arrived under 3.4. above):
Amount of PBF

A-4.2

Percentage of PBF-amount to A-3..2 above.

(Rs In lacs)

ASSESSMENT AS PER COUNTER CHECK METHOD

Sr. Particulars
No
B-1. PERFORMANCE PARAMETERS
B-1.1Average Monthly Net Sales
B-1.1Less Average Monthly Expenses
Purchase of raw material,store,stock in
B-1.2trade etdc.
B-1.2 Spares
B-1.2 Wages & Salaries
Other manufacturing & business
B.1.2expenses.
Drawings for sustenance of the
borrower(drawings by the
B-1.2proprietor/partrners)
B-1.2Total Monthly Expenses
B-1.3Monthly surplus
(1.1 minus B-1.2.6)

Step no.

I
XXXXXXXXXXXXXXXX

II
III

B-2 Operating Cycle


B-2.1Number of days for which stock of raw
material stores spares stock in trade
etc are required.

Average Number of Days

B-2.2Average Production time required for


conversion of raw material into finished
goods '(in case of
manufacturing/procesing units')
B-2.3Average stocking period for finished
goods/stock in trade
B-2.4Average period of credit sales '(time
taken for realization of sale proceeds
from the trade debtors')

B-2.5TOTAL OPERATING CYCLE


B-3. APPROXIMATE REQUIREMENT OF
WORKING CAPITAL FINANCE.

Last Year Current


Year

IV

B-3.1Gross Working Capital Required


(Step No.'II' X '(Step No.IV')
30 days
B-3.2Less: Average amount of sundry
creditors # equivalent to one operating
cycle/advances from customers for
supplied
B-3.3Gross Working Capital/Requirement
B-3.4Less: Amount that is/can be
contributed by the borrower towards
Margin for working capital finance from
the banking system '(this amount is to
be same as arrived at under the point
No."A-3.4."above')
B-3.5Approximate requirement of Working
Capital finance from the Banking
Systen i.e."B-3.3" minus "B-3.4"
above.

FORMAT B

Next Year

XXXXXXXX

Average Number of Days