ES-2

(Branch or SARAL or RO or FGMO or CO)

Executive Summary Format for Credit proposal of above Rs.10Lacs and less than Rs.500Lacs
Reference:

Date:
MEMORANDUM TO (SANCTIONING AUTHORITY)
A/C WITH:________BRANCH_______RO______ FGMO

A.1
A.2
A.3

G.
H.
I.

Name of the account

Address
CIN
Registration no., if applicable
PAN
Group, if any
Date of incorporation
Constitution
Dealing with bank since
Credit facility since
If the a/c is new, name of present
bankers, if any
Line of activity
BSR code (Sector)
Classification

J.

(If MSME, original investment in

P&M/equipment)
Category, if applicable

K.

Banking arrangement

L.

CGTMSE Coverage

B.
C.
D.
E.1
E.2
F.

:
: (Including Office/Unit location)
:
:
:
:
:
:
:
:
: (Sector as per BSR code)
: (Agriculture, Micro/Small/medium/large industry,
Infrastructure/Non-infrastructure etc., whichever is
applicable)
:
: (Minority
Community/Women
Beneficiary/PH
/SC/ST/General etc., whichever is applicable)
: Sole/Multiple/Consortium along with name of lead
bank and our share (Current & proposed), where
applicable
: (Yes/No/N.A.)

1. Purpose of Note (Synopsis of Final Recommendation)

Nature of
Limit

Existing
Limit.

Prop.
Limit

Interest/Commission
[With reference to BR]
Applicable
Existing /
Prop.
Effective
/Effective
rate
rate

(Rs. in _____)
Margin
Conces
sion

Exist

Prop

Our Bank
Total
Other
Banks/FIs
Total
Grand
Total
(The referred interest rate as well as approval of concession shall be enumerated.)
Delegated authority: The proposal falls within the delegated authority of _______ on account of _______.
Date of sanction / Last review
Sanctioning authority (previous sanction)
Due date of review
Asset classification
Status of account

:
:
:
:
: Regular or EAS / SMA due to ______

Name of the concern

Name of the Branch/RO

Credit rating:

Rating Date

ABS as of previous year

Date:

ABS as of current year

Date:

Internal Rating
2.
Names of Proprietor / Partners / Directors & their means:
Sr. No.
Name
Designation
PAN
Means
Previou
s
Date:

(Rs. in ______)
DIN, if applicable
Latest
Date:

Total
(PAN & DIN, if applicable should be invariably mentioned / Reason for variation in means to be
commented upon)
3.

Background
(Including
latest
development in business & present
request in brief.)
3.1 Firm/Company/Concern

3.2 Promoters / Directors

Proprietor / Partners

wherever

4.1

Capital
Structure,
applicable
Authorised Capital
Issued & Subscribed Capital
Paid Up Capital
Book Value
Market Value (Listed companies)

(number) of share of Rs.___

each
: (number) of share of Rs.___ each
: (number) of share of Rs.___ each
:
: If applicable

4.2 Shareholding pattern

In case of company indicate following details:
Share Holder
No. of
Shares

Face Value
Current
Date:

Holding %
Previous
Date:

TOTAL
In case of partnership firms indicate capital contributed by each partner separately:
Name of the partner
Current/Date:
Previous/Date:
TOTAL
4.3 Any significant change in share holding pattern
5.

Comments on the following:

5.1 Credit Report/s
5.2 Search report/s
5.3 CIBIL Report/s
(CIBIL report of promoters/guarantors should
also be commented upon along with
individual score)

6.1

Comment on due diligence of borrower

: (Along with Date of Report)

Page 2 of 8

Name of the concern

Name of the Branch/RO

6.2

Whether the name of the concern /

directors/group concerns figure in RBI
defaulters / caution list / caution list of
exporters / wilful defaulters /ECGC SAL List.
If yes, furnish details (Date of the list shall
be mentioned)

6.3

Whether director / partner / proprietor is a

director in our / other bank or is related to
them. If yes i)
Name of such Director with name of
the Bank
ii)
Type of Relation

: (Yes/No
If yes, comments on the same)

6.4

Any litigation in force against the firm /

company or against the partners / director.
If so, mention details and present position

: (Yes/No
If yes, comments on the same)

7.

Whether account is taken / to be taken

over. If so norms for takeover are fulfilled

: Yes/No
If Yes, compliance of takeover norms

8.1

Operational experience of our bank with

regard to sister / allied concerns
Name of
Branch
Conduct
Working
Term
the
of
Capital
Loan
Concern
Account

of

other

Banks

on

sister

: (RBI Defaulter List (Suit filed/No-suit filed

Dt....: Yes/No
RBI Wilful Defaulter (Suit filed/Non suit
filed) Dt....: Yes/No
ECGC SAL List Dt....: Yes/No
RBI caution List as on.... : Yes/No
Exporter Caution List as on ...: Yes/No)

:
:

:
Contingent

Investments

Present
irregularity, if
any

: (Including Name of sister

Credit/CIBIL report thereof)

MOR

8.2

Comments
concerns

concern

&

8.3

Brief Financials of Sister Concerns, if any

9.

Comments on foreign currency exposure

and un-hedged exposure, if any

: (Latest provision amount to be captured

from Finacle through UFCE menu &
compliance of UFCE policy including
pricing to be confirmed)

10.1 Nature & value of prime security (Immovable assets):

[Rs. in ____]
Nature / Description
Value
Dt. & Value along
Insurance
CERSAI
Remarks
of primary Security
Accepted by
with name of
Search with
Branch
Valuers
date
Mkt Value:
Amount:
Distress Value:
Date
of
Expiry:
Guideline Value:
Name of Valuer:
TOTAL
(Whether insurance is adequate should be comment upon. Details of valuation of plant & machinery, if
applicable shall also be provided. Comments on latest & previous valuation, wherever available should
be mentioned)

10.2 Nature & value of collateral security:

Nature / Description
Value
Dt. & Value along
Page 3 of 8

Insurance

CERSAI

(Rs. In ____)
Remarks

Name of the concern

Name of the Branch/RO

of collateral
Security

Accepted by
Branch

with name of
Valuers
Mkt Value:
Distress Value:
Guideline Value:
Name of Valuer:

Search with
date
Amount:
Date
of
Expiry:

Total
Our Share
Collateral coverage
(In %)
(Whether insurance is adequate should be comment upon. Comments on latest & previous valuation,
wherever available should be mentioned)
Comments on Due diligence of property: (Primary/Collateral)
Comments on Title Search Report (Date of report/including specific comments on enforceability of
mortgage):
10.3

Personal guarantee / corporate guarantee:

Name of the
PAN
Latest Means
Guarantor
(Credit Report date _____)

(Rs. In ____)
Means as per last sanction
(Credit report date ____)

Total
(Reason for variation in means to be commented upon)
11

S.
No
.
a.
b.
c.
d.
e.
e(i)
f.
g.
h.
i.
j.
k.
l.
m.
n.
o.
p.
q.
r.
s.
t.

Financial indicators of borrower

Year ended / ending

: -

Mar.__
(Aud.)

Name of statutory auditors: __________

Membership No. _________
Firm Registration No. __________
- Date of Certificate of C.A. who have audited the
latest financials: ________ (As per IC 9751
dt.28.11.13)]
(Rs. in ____)
Mar.__
Mar.___
Mar.___
Mar.___
(Aud.)
(Previous
(Aud /
(Proj.)
Sanction)*
Est.)

Paid-Up Capital
Reserves & Surplus
Intangible assets
Tangible Net Worth (a+b-c)
Long Term Liabilities
(w/w unsecured loan i.e.
Quasi Equity)
Capital Employed (d+e)
Net Block
Investments
Non Current Assets
Net Working Capital (f-g-h-i)
or (k-l)
Current Assets
Current Liabilities
Current Ratio (k/l)
DER (TL/TNW) (e/d)
TOL/TNW Ratio ((e+l)/d)
TOL/TNW along with
Contingent Liabilities
Net Sales
Cost of Sales
Operating Profit/EBDITA
Other Income
Page 4 of 8

Name of the concern

Name of the Branch/RO

u.
v.
w.
x.

Interest/Finance Charges
Depreciation
Tax
Net Profit after Tax (s+t-u-vw)
y.
Cash Accruals (v+x)
* As per previous sanction, wherever applicable.
11.1
11.2

Comments on Financial Indicators

Audit Notes in Balance Sheet if any, to be
specified
Comments on Restructuring, if any

:
:

12

Evaluation of the following:

Management Risk
Industry Risk
Business risk

13.
13.1

Conduct of the account

Regularity in submission of
Stock/Book Debt Statement
QPR/Half Yearly Statement
Financial Statements
CMA Data
Name of the Statement / Return

11.3

13.2

(If applicable Yes/No)

:
:
:
:

Stock Statement / BD
QPR/Half Yearly Statement
13.3

Comments on operations / overdues

13.4
13.5

Comments on statutory dues

Comments on invocation of BG/Devolvement
of LC, wherever applicable

Page 5 of 8

No. of Statements /
Last Stat. /
Return recd. During
Return recd.
the year
: (If
applicable

(Date)
Number)
: (If
applicable

(Date)
Number)
:
Particulars
Previous Current
Year
Year
Credit Turnover
Sales
% of credit
turnover to sales
Maximum Debit
Balance
Average Debit
Balance
No. of days in
debit
Inward cheque
return (No.)
Outward Cheque
return (No.)
No. of occasions
excesses/ TOD
allowed
Maximum
Excesses/ TOD
allowed
Remarks:
:
:

Name of the concern

Name of the Branch/RO

13.6

Any irregular feature observed in

monitoring report, wherever applicable

the

: (Including Date of MMR)

13.7
Value of account (During Financial Year):
i) Advances:
Previous year/Date:
- Interest Income
- Fee Based Income
ii) Third party products:
iii)
Retail / Consumer / Finance[to
No. of Accounts
employees associates]
iv) Deposits:
- Own
- Third Party

Compliance to terms of sanction

Completion of Mortgage formalities & vetting
of mortgage by advocate along with date

14.2

Registration of Charges with RoC

14.3

Whether documents valid and in force

14.5

14.6
14.7
14.8.1
14.8.2
14.9
14.10
(In case

Compliances to CPAO observations along with

date of CPA
Whether all other terms and conditions
complied along with observations/remarks of
sanctioning authority, if any, as per previous
sanction / modification proposals
Whether Consortium meetings held at
prescribed periodic intervals
Compliance of consortium/multiple banking
guidelines of the bank
Compliance on Loan Policy
Compliance of RBI guidelines
Date of last inspection of factory / stock /
assets, etc
Date of Technical Inspection, wherever
applicable
of non-compliance, suitable justification shall be

15.
Audit
observations
(Pending for compliance)
15.1RBI Inspection
15.2RBIA (Internal Audit)
15.3Concurrent
15.4Statutory
15.5 Stock Audit

Amount

Amount

14.
14.1

14.4

(Rs. in _____)
Current year/Date:

Date

:
: (Yes/No
Date of completion of mortgage:
Date of legal vetting of mortgage: )
: (Yes/No
Search ID
Date:______)
: (Yes/No
Date of documents:
Date of DBC:
Date
of
legal
Vetting
documents:______)
: (Yes/No
Date:______)
(Yes/No)

of

: (Yes/No)
Date of last Consortium meeting
Gist of minutes:
: (Yes/No)
: (Yes/No)
(Yes/No)
: (Date:
Comments :)
: (Date:
Gist of inspection :)
provided)

Observations

Page 6 of 8

Tenure

Branch Replies
including COR

Present status

Name of the concern

Name of the Branch/RO

16.1

Exposure details from our bank including investment, if any.:

OUR BANK
Limits
Limits
O/s as on
Value of Prime
Nature of Facility
Existing
Recomm
Securities [Our
ended
share]

(Rs. in _____)
Irregularities,
if any

TOTAL
Investment
(Date of Stock-Book debt statement should be mentioned in prime securities)
16.2 Exposure details from banking system/FIs (Incl. Our Bank):
Existing Limits
Fund Based WC
Non Fund Based
Term Loan
Sl.
No.

Name of
the Bank

TOTAL
Proposed Limits
Sl.
Name of
No.
the Bank

% Share

Amt.

% Share

Fund Based WC
% Share
Amt.

Amt.

%
Share

Non Fund Based

% Share
Amt.

Amt.

(Rs. In _____)
Comments on
Conduct of the
Account and
position of last
sanction / review

Term Loan
% Share
Amt.

TOTAL
16.3
17.
17.1

Other liabilities of directors / partners [In

their individual capacity]
Comments on assessment of limits
Projected Level of Sales

17.2

Inventory / Receivable holding period

Particulars

:
: (Overall limit and our share)
: (Including sales achieved during current
year, achievement vis-a-vis projection
during last year and details of major
customers/buyers)

: (Applicable for assessment under FBF

method)
[Rs. in _____]
Mar.____
Mar.___
Mar.____
Mar._____
(Aud.)
(Aud.)
(Aud. / Est.)
(Proj.)

Raw materials
- Indigenous
- Imported
(Months Consumption)
Stock in process
(Months Cost of Production)
Finished Goods
(Months Cost of Sales)
Stores
(Months Consumption)
Export Receivables
(Months Export Sales)
Domestic Receivables
(Months domestic Sales)
Other Current Assets
Sundry Creditors
(Months Purchases)
17.3

Working Capital Assessment

: (FBF/Cash Budget/turnover method)

17.4

Term Loan

:
Page 7 of 8

Name of the concern

Name of the Branch/RO

17.5 Non-Fund Based Limits

:
17.5.1Nature: (Performance/Financial BG ) (Inland/Import LC)(Domestic/Foreign BG)
17.5.2Amount:
17.5.3Period/Usance: (Period of BG/Usance of LC)
17.5.4Commission:
17.5.5Margin: (By way of Cash/FDR)
17.5.6Assessment: (Including Name of major suppliers/LG beneficiaries/LC beneficiaries (Buyers))
17.6

Any other matter including Forex

related
concessions
along
with
justification for concession, if any

: (Banks guidelines for considering concession in

interest rate/service charge as per circular
letter no.2163 dt.09.06.2015 shall be complied.)

18

INTERNAL CREDIT RATING

:
Marks Obtained
Previous Year
Current Year
ABS as of
ABS as of

Parameters

Borrower Rating
Facility Rating
Risk Mitigators
Business aspects
Total Marks with Grade
Rating Rationale:
(In case of down-gradation of credit rating, justification for the same shall be provided. Comments on
external rating, wherever applicable)
19.
Recommendations
:
We recommend for review/renewal/enhancement/fresh credit facilities as mentioned below on stated
terms and conditions:
(Rs. In _____)
Amount
Int./
Nature of Limit
Margin
Primary Security
Comm.
Existing
Proposed
TOTAL
(Present Base Rate @ ________ w.e.f. ______ vide IC No._______ dt._________)
19.1
19.2
19.3
19.4
19.5
19.6

Collateral Security:
Personal/Corporate Guarantee:
Processing charges/Upfront Fees:
Upfront Contribution (In case of Term Loan)
Repayment Schedule (In case of Term Loan)
Other Matters:
20. Terms and conditions:

Annexure-I: Standard terms and conditions

Annexure-II: Undertakings to be obtained from the borrower
Annexure-III: Standard terms for advance under Consortium/Multiple Banking Arrangement
Annexure-IV: Sector Specific additional terms and conditions
Annexure-V: MIS template (As per Instruction Circular 9989 dt.01.07.2014)
Annexure-VI: Flow Chart (As per Instruction Circular 34-2015 dt.01.04.2015)
(In annexure-I/II/III/IV, standard conditions to be appropriately selected during the sanction process
based on nature of advance & constitution of the borrower as per Instruction Circular 9287
dt.16.05.2012. Further, standard terms and conditions should not be repeated in Point No.20 of the
Executive Summary and only reference of the annexure to be made therein.)

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