FROMAT NO IIh:

FORMAT FOR REVIEW OF OVERDRAFT UNDER BTL

Name of Borrower/Applicant

Name of Borrower/s Worth (Rs in Lacs)

M/S Name of the Partners123

TOTALGuarantor’s Name:123

Issue for consideration: -

In case of firm already in our books: Position of account as on :

Facility Limit Value of Security/Date Outstanding as On Fund BasedOD under BTLNon Fund BasedBusiness ActivityDate of Documents/LADDate of original sanctionDate of last reviewDue Date of ReviewReason for not reviewing the facility on time (if applicable)InsuranceComment on the Conduct of Accounts

Satisfactory

(Rs. In Lacs)Summary of Performance

Actuals ofPrevious Two years upto

Estimated forCurrent Year

Projections

OD Under BTL 1 of 4

Total Sales

Total PurchaseNet ProfitCurrent Year Sales

Sales Tax/VAT Assessment Order dated

…….for the year Rs…………… na

SalesTax/VAT Return dated

……………for the year Rs…………..

Deviation sought in the a/c

a) If Yes, Detail of Deviation

b) Approval No. / Date

No

………………………………………………………………………

………………………………………………………………………

………………………………………………………………………

(Rs. In Lacs)

Inspection of residence/ office/ Showroom/immovable property:

Date of visit

Adverse comments, if

any

Computation of Limit

1) Last year’s Actual Sales 2)Current year’s sales during the completed months

OD Under BTL 2 of 4

3)Current year Annualized Sales Completed Months x 12 / Completed Months4) Projected Sales ( as on 31.03.1)5) Accepted Projected Sales for 2016) Permissible Limit (20% of accepted projected Sales)7) Advance Value of the Collateral Security(60% of the realizable value of RS.

8) Sanctioned Limit (4) or (5) whichever is lessTotal

Particulars of Limit

Nature ofFacility

Nature ofSecurity

Value ofSecurity

(Rs. In Lacs)

Limit(Rs. In Lacs)

Sanctioned/Review Recommended

a) Over- draftb) Term Loan

Total

Repayment Schedule On DemandMajor terms & conditions As underRate of Interest Base rate +2% I e 12.00% p a presently Margin 40% of Realizable value

Other Terms and Conditions:

1. The firm should deal and route all banking transactions exclusively through our bank.

2. The facilities are sanctioned for a period of 12 months. Renewal of facilities will be Subject to

satisfactory conduct and performance for which the required information(financial statements, etc)

should be submitted by the firm-3- months before the due date. Failure to do so would attract

penal interest @ 2% pa.

3. Processing / Documentation/ Inspection/ Insurance and valuation charges along with

Service Tax and Education Cess thereon are to be paid by the borrower at the rates

prescribed by the bank from time to time.

4. The rate of interest, margin, other charges and terms and conditions are subject to

change as per RBI’s directives/bank’s policy from time to time.

5. The bank reserves the right to recall the credit facilities at any time.

6. Stock statements for the month of February every year will be submitted by the 10th

March of that year.

7. All the assets charged to the Bank shall be insured comprehensively with agreed Bank

clause.

8. The firm to undertake that they do not owe any overdue statutory dues like Sales Tax, Income Tax, Corporation Tax, Professional Tax etc. and have obtained / renewed

licenses from concerned authorities required for carrying out the business.

9. Obtaining insurance cover for the stock may not be a condition for sanction of the

facility. However, branch may counsel their borrowers to have the stock insured in

OD Under BTL 3 of 4

their own interest at their cost.

10.Bank will have the right to carry out inspection of securities and the charge thereof

will be borne by the borrower.

11.Valuation of immovable property offered as security is to be done by Bank’s approved

valuer at least once in -3- years.

12. Non compliance of any terms and conditions will attract 2 % penal interest.

Notwithstanding anything contained hereinabove, the bank reserves the right to discontinue

the facilities / any facility without giving any notice, in case of non-compliance/ breach of

any of the terms and conditions stipulated herein and from time to time, as also if the

relevant documents are defective or in the case of any development or situation wherein in

the opinion of the bank its interest will be/ is likely to be prejudicially affected by continuing

the facility.

Appraisal/Brief Background/Justification:

Officer (Credit) Sr. Br. Manager Sanction No. Date :

OD Under BTL 4 of 4