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REF: CO:C&RD
DATE:03.01.2013

The Chief Manager,

BO: SME Ambala.

Reg: Limit proposal

M/s EPICU Agro Products Pvt. Ltd . at yours.

On the basis of your recommendations, COCAC(Level

ll) in its meeting on 26 12.2012 has the

following facilities & approved other issues as under:-

a) Enhancement in FBWC limits form Rs.75Q !99-!qE9l-Q09+ac'

b) Renewal of NFB limits of Rs.390 Lac
c) Review of existing TLs with o/s of Rs.998 19 Lac
o) rglilrfegr-toan of Rs 1o28 Lag
Approval of other issues as under

the action of the BM in having allowed

ffiving
v' ooerations in the account after confirmed
due date renewal ie 03'01 2012 by reviewing the
account by your branch on 03.07.2012 for three months'

for opening of Specific FLC for Rs.27.00 lacs to import one machinery from
f"i*"n-*ithin eiisting:lLgdtC timit. The advance made to supplier may be treated as
Margin. The FLC be adjusted to the debit of proposed term loan on supply of machine.

.V'b),Permission

ls
BM to ensure that conduct of accounts with other banks in the name of allied concern
name of ComPanY is closed before
release of enhanced FBWC / TL.
2. BM's valuation in terms of LA Ctt 4912012 be qot do
the
before disbursement. BM to obtain 2n
name of Smt. Anjana T
in the name of
3. Sati
CIBIL data be obtained and copy held in record.
note.
in the
for the
Partv to induct unsecured loans as
. Term
ano
of mach
BM to ensure that
to the suppliers of P&M in terms of extant guidelines.
loan to be OisnurseiO-Oireii-ty
Party
load for its unit as Per SSIO
BM to ensure that party is
has applied for additiohEl power load on 725 KW.

1.

ADDITONAL CONDITONS STIPLUATED BO COCAC-II:

1) Company will convert its _share application money of Rs.50.00 lac into paid up capital
premium before submitting proposdfbi relaxafi onTn

2) Company to close its accounts with HDFC Bank and current account with

3)

PNB_ before

releaQe of proposed credit facilities.

--.-'-.--------

Proposal f6r refaxation of ROI & 50% relaxation in processing fee/upfront fee has not been
considered and BM to move afresh for reduction in ROI & 50% relaxation in processing
fee/upfront fee after receipt of external rating and successful implementation of proposed
expansion plan.
4)
ERf. from ICRA be obtained by 31.03.2013 failing which penel interest be charged.
5) BO tiEnsurelFat non cornpliance of T & C of and other adverse features are properly
r6fla^ta.l in Phrq
o)
subm

Thre following additional terms & conditions apart from terms & conditions as per annexure-l
annexed with the sanction letter.

Please ensure strict compliance of all the stipulations and in case of any deficiency/inconsistency
the same be brought to our office, immediately.

Sr. Manager

Sr. Manager

Repayment

(Fresh)
TERM L
Rs.1 028 lacs ( Rs Ten Crore twenty
lacs only )
BR+3.50%+ Term Premia 0.50% ie 14.5oo/o p.a. with monthly rests or
such rate that the bank may fix from time to time, for +A category
advances for Large enterprises subject to change as per HO/RBI
guidelines.
Minimum 25. o/o or difference in cost of project and amount of loan
whichever is higher.
The term loan of Rs. 1028 lacs shall be repayable w.e.f. March 2014 in
24 quarterly installments of Rs.42.83 lacs each. lnterest shall be
recovered as and when levied.
lst Charge on block assets of the company by way of Hypothecation of
Machinery and equipment & other fixed assets and EM of land and
building detailed at item no.3 below
The borrower shall get the above assets insured against all risks at their
own cost with usual bank clause. A copy of the insurance policy will be
keot on bank's records also.
The payment shall be made directly to the suppliers as far as
possible. Original bills/cash memos in the joint names of bank and
the company for all the, fixed assets/machinery financed by bank
shall be submitted by the borrower and to be placed on bank's
record. Term Loan will be released in stages as per physical
progress of the project.
Borrowers/Lenders' Engineers shall submit quarterly implementation
schedule which should match with the appraisal note and Quarterly
Progress Report be submitted to keep apprise the Bank with the
progress of the project and to satisfy the bank's officials about end
use of funds and timely implementation of the project within the
approval.
Reimbursement of amount already invested by the party over and
above its proposed contribution, if any, shall be allowed after end
use verification and submission of bills.

implementation of the project will be

monitored/reviewed by the Bank on quarterly basis and necessary
corrective steps will be got initiated, if required, from time to time

The

Bank's Name Plate

progress

in

specially in case of time and cost overrun. The borrower shall facilitate
the bank for compliance of the above.
Penal fnterest @26/o over and above the normal rate to be recovered for
the amounvperiod of default
gankb name plate, evidencing hypothecation of security/asset to be
prominently, displayed where the securities charged to the bank are

The borrower shall meet such costs, if any, from its own sources and
shall not ask for any additional term loan from the bank
The unsecured loans shall be subordinated to our Term Loan

Last
sanction

Description

existing/
fresh

Present
book

value

as

on

.EM of factory
land & building
situated at Plot
No226-233 msg
8100 Sq. Meter
Sector 2 , Food
'l

Park

M/s
EPICU
Agro
Products
(P) Ltd.

HSIIDC
Growth center
SAHA

30.09.12
LandRs.84.2'!

(Book

value
plots

of

+408.81

Cost

) Building/vV
(
-Rs.

lP

of 424.53 lac
constructio - | otal
508.74
completion
Total

493.021ac

i)As per valuer, the 09.0

realizable value of o.zv

factory land
Building as

Existing

&

Per

valuation report
dated 09.06.2012
&ShVPGuPta

approved valuer is
Rs 790,00 lacs.

*The valuation of
valuer is Rs.767
lac as under

2no

09.0
o. tz

As per

BM,s
dated
09.06.2012 the RV
is Rs 790.00 lac
per aPProved 28.0
valuer Sh. Rajinder 5.20
Arya the realizable 12
value of factory land
& Building on Plots
valuation

valuation

2. EM of lease
hold rights of
Plot F-31 to F-35
measuring 9270
sq mts allotted
Rajasthan
State Industrial
Development
and Investment
Corporation
(RllCO)at
lndustrial Area
Park
on
leasehold basis
years
Permission to
mortgage to be
obtained from
per
RIICO

by

Food
Alwar

for -99

as

lease deed

126.68
+227.O1

(Estimated
of
constructio

Cost
non

As

as per

completion
)

Total

28.05.2012
430.00 lac

is

Rs

Existing

I
tl

ml\No.23l

14

12,231 12,231

valuer

(P) Ltd.

3 at Village Mohra

430.00

V.P.
dt.

Gupta

09.06.12
BM'S
valuation
09.06.2012

G.T.Road Ambala Cantt

RV is

Rs.

165.00 lac

of

EM

320.00

residential lP Mrs.Anjan

situated at H-239 ,Phase

1 Delhi Ashok Vihar

a Tandon

bank's
approveo

320.00
320.00

Delhi

EM of

residential Anjana
property G-40 Ashok Tandon
Vihar , Phase -l Delhi

Valuation of existing

256.00
zco.uu
256.00

valuer

dt

30.03.2009
BM'Svaluatio
n 03.08.09
Valuation of existing
bank's
approveo
dt
30.03.2009
BM'Svaluatio
n 03.08.09

valuer

{470.00

Total
892.00

Second Charge on the following lP to secure the

Nature of

Book
Value ( as
per PBS as
at

Security

limits

WC

31.O3.2012
124 63 lac

rewc I Second

|
Rs.750.00 lcharge on
lac, NFB lvacant Plot
Rs.280.00 l21e-225 &l
I

Rs.

of

1234-240

lmso 1a175
1020.781ac I Sq. Meter
at
lsituated
Sector
I

'
Food Park '
I
I HSllDc
Growth
I
lcenter -

Value of lP

As per

1"t

valuer

report
from Sh. V.P.
Gupta , the RV
Rs.
556.00 lac

lac, TL

entire Rs' in Lac

of lP is

As per

znd

approved

valuer

I
I
I

i
|

Sh.

Bhaskar

Sharma

dt
28.06.12, The

Balance
Extent of First
residual value
charge
of charge
/*second
Charge holders available to
bank
Rs.400.00 lac( I156.00
First charge is . I
with HDFC I
against WC limit
I
of Rs. 400.00 I
lac
I
availed by allied
concern
I
Epic
Products

beins

M/s
Food
Pvt.
Ltd. (-

I
I