Annexure II In Principle format (Revised)

Name of the Branch: Barshi

Date11-05-2017

Format For In Principle Request

SUB:- Request for in-principle approval for taking up Credit Proposal

We submit brief details of applicant and request you permit us to take up detailed
proposal. Kindly accord in principle approval for the limits as sought for

1) Borrower Profile

a) Name & address of the applicant M/s Shrree Datta Industries

Address CT11/1 MIDC Tembhurni
b) Group Bagal
d) Whether any of the above persons is No
included in RBI/CIBIL defaulter’s list /
SAL of ECGC
e) SMA Status NA
f) External Credit Rating
g) Existing connections of the borrower / New Customer
group/promoters, with the Bank, if any

2. Brief write-up about the Group/Applicant/ Activity/ Promoters:

M/s Shree Datta Industries is partnership firm (duly registered ) with only two partners.

1) Shri Chandra ant K Bagal Residing @ Sujay Nagar Lane 12 Akluj 413101
2) Mrs.Bhagyshri Cubage (Spouse of Partner No.1

Mr.Bagal is carrying on business of selling HDPE Bags to various Sugar factories in

Solapur, Dist.Solapur is well-known as “HUB” of sugar factories’ Mr Bagal has
developed very good liaison with certain key persons .He is having sufficient experience
and expertise in marketing. He has got training in manufacturing process.
Mrs Bagal is presently engaged in Trading of Aluminum e Extrusion products. Her
experience and expertise would certainly beneficial to proposed New Unit

3. Details of credit facilities being enjoyed from other banks/ financial institutions

Bank/FI Limit Amount Balance Period Interest Security

(NEW UNIT-No Borrowing from Bank or any other sourse)

4.Credit facilities sought for (Rs. In lakhs)

No Limit Amount Interest proposed Period Margin

1 Term Loan 700 11.50% 7-10 Years 25%
2 Cash-Credit 100 11.50% Annual Review 25%
TOTAL 800

(Including sub limits, if any)

5. Purpose of the proposed loan: To start HDPE WOVE SACK MFG

6. Securities offered for the proposed limits

Security Particulars Value (Rs.in lakhs)

Primary Hyp of PLANT & MACHINERY 725
Factory Premises/Raw Material 200
Collateral Two Residential bungalows 90
60
Additional
Guarantee/Co- NW:
obligancy
Others Cash margin: 310

(Need not furnish full details of properties offered. Security to be grouped as

1. Commercial property at Akluj... in the name ofMr Baga l..valued at 60

2. Residential property at Sujay Nagar in the name of ..Mr.Bagal.valued at 90
3. Industrial property at Madha... in the name of Firm.valued at ...... etc) 200
7. Key financial/performance indicators (Rs in Lakhs):

Operating
Performance Base : First second Year Third year Fourth year v year
Sales 2739.85 3045.08 3473.87 3909.92 3924.45
OPBDIT 205.66 242.91 295.08 343.64 365.18
OPBDIT Margin (%) 7.51 7.98 8.49 8.79 9.31
Non operating income
Interest 111.01 109.62 101.59 91.72 77.08
Depreciation 83.33 74.57 67.56 61.24 55.52
PAT 10.43 56.62 124.03 188.79 230.69
PAT Margin (%) 0.38 1.86 3.57 4.83 5.88
Net Cash accruals 93.76 131.19 191.59 250.03 286.21
Balance Sheet
Tangible Net Worth 338.58 383.05 510.07 638.09 721.23
Term Debt 765.71 589.53 501.98 401.36 285.70
Unsecured loans 0.00 0.00 0.00 0.00 0.00
Other term liabilities 0.00 0.00 0.00 0.00 0.00
Short term debt 0.00 0.00 0.00 0.00 0.00
Other Current liabilities 159.55 311.35 315.01 361.52 434.02

Total Liabilities 1263.84 1283.93 1327.06 1400.97 1440.95

Fixed assets 852.94 778.37 710.80 649.57 594.05
Non current assets
Inventory 74.59 84.05 96.00 108.08 106.68
Debtors 23.40 30.45 34.73 30.92 39.21
Other Current assets 312.91 391.06 485.53 612.40 701.01
Total Assets 1263.84 1283.93 1327.06 1400.97 1440.95
Ratios
Interest Cover (times) 1.85 2.22 2.90 3.75 4.74
Debt Equity Ratio 2.26 1.54 0.98 0.63 0.40
TOL/TNW 2.73 2.35 1.60 1.20 1.00
Current Ratio 1.86 2.10 2.11 2.12 2.15
TOL/Sales 0.34 0.30 0.24 0.20 0.18
8. Details of Group Concerns (Name, activity, promoters, limits availed, brief financials):

9. Additional Details-

1. Copy of SO of existing limits if any.

2. Account statements of the firm for the last one year

3. CIBIL report of applicant, promoters/guarantors-