MSME- 2 (Proposal format for all Micro and Small Enterprises (both Manufacturing and services for limits

upto Rs. 25 Lacs) BANK OF INDIA Borivali (East) Branch

PROPOSAL NO: BRV(E)/ADV/ DATE: 25.06.2012 ACCOUNT: WESTERN PHARMA

NEW REVIEW: Review at exiting level on Same terms Classification: Trading (C & IC) Credit Rating of the account:NA

Advance since: August 2002 Last sanction Date: 14.02.2011 Authority: Chief Manager Asset Code: 11/Std

Whether 1) Advance to SC/ST 2) Advance to Minority 3) Under any Govt Sponsored Programme If yes Name of the Scheme 4) Woman Beneficiary (if yes % of holding-----------% ) 5) Whether covered under CGTMSE scheme 6) VAT Registration 7) Whether registered with District Industries Centre ( Not Mandatory) 8) Whether member of any Association: If yes, Name of Association A: Borrower Details: I II III IV V Name of Account: M/s Western Pharma Established Since: 1994 Nature of business activity: Trading in Pharmaceutical Raw Materials Constitution: Proprietor Address: Office: 8, Beldiwala Building, 158 Wagdevi Street, Mumbai- 400003

No No No No No No No No

Factory/ Godown : NA

VI

a) Name of Proprietor

: Mr. Nimish M Shah

Net Worth (lakhs) Last Year This Year 28.82 28.82 : 38 years : B.Com :11, Dharamji Sadan, Carter Road No. 1 Borivali East Mumbai : AAEPS6364B : 17 years

b) Age in years c) Academic Qualifications d) Residential address

e) PAN card No f) Experience in the line of Activity

B: Guarantors Details (if applicable) Name : Mr.Kagen Kantilal Mehta Age (years) : Residential address : A/ 302 New Akruti CHS Ltd, Kandivali (West) Mumbai Occupation: Liabilities with us (if any)

: NA

C: Purpose of the Loan: Working Capital for business D: Value/conduct of account- existing deposits (Rupees in lakhs) Last Year Borrower Group Average current deposits Other Deposits Interest earnings This year Borrower

Group

E: PROPOSED FACILITIES & SECURITIES FUND BASED LIMITS a) Cash Credit Limits Existing 2.00 Limits proposed 2.00

( Rs in lakhs) Value of security Rs. Margin% Rate of interest 40% 3% over base rate presently 14.50%

Security in brief

Hypothecation of Book Debts Pledge of DBD for Rs. 80000/Assignment of LIC policies with aggregate sum assured Rs. 3.00 lakhs

Rs. 0.80

E: FINANCIAL POSITION: Summary of Working Results as at: (Rupees in lakhs) Last Year This year 31.03.__ 31.03.__

Last Year 31.03.___

This Year 31.03._ _

Net Worth Sales Other income Net Profit

Current Ratio Debt Equity Ratio Debt Service Coverage Ratio

F Present Position of the Account( as on)( Rs. In lakhs) SANCTIONED LIMIT FUND BASED LIMITS a) Cash Credit DRAWING LIMIT OUTSTANDING

2.00

2.00

G. GROUP/ASSOCIATE CONCERNS: Liabilities of Group/ Associate concerns with us/ other banks Not Applicable H. DUE DILIGENCE: 1. Date of Inspection:05.01.2012 a) Name of Official: Mr. S S Mandal b) Observations & brief recommendations: Satisfactory 2. Verification of Business/Residential Address done on 12.02.2011 by Mr. S S Mandal 3. Verification of Certificates/Income Tax & other related documents: Yes/No 4. Reports from Existing Banker obtained on NA 5. Asset & Liabilities Statements verified: Yes/No 6. Market Enquiries done: yes/no; Findings 7. CIBIL /ECGC/RBI wilful defaulters list checked Findings Satisfactory I. SECURITY DOCUMENTS Security Documents Existing 1. D.P Note dt 06.09.2002 for Rs. 200000 2. Bearer Letter dt. 06.09.2002 3. Charge & Hypo of Book Debts dt 06.09.2002 4. Multipurpose Documents (L-514) dt. 06.09.2002 5. Letter of Non- borrowing(L-486) dt. 06.09.2002 6.Letter of Non- encumbrance (L-466) dt. 06.09.2002 Security Documents Proposed Limits availed Outstanding Balance

7.Letter of Guarantee(OD-168) dt. 06.09.2002 executed by Mr. Kagen Kantilal Mehta 8. Undertaking regarding no relation with Bank,s Directors(L- 515) dt 06.09.2002 9. Irrevocable letter of Authority dt. 30.08.2002 10. Renewal Doc(l 444C) dt. 15.01.2005, 27.09.2007, 12.01.2010 11. Insurance valid upto Renewal Doc(L 444c)

29.11.2011

J. BRANCH COMMENTS & RECOMMENDATIONS: Branch comments and Recommendations: M/s Western Pharma is a proprietary firm engaged in trading of pharmaceutical raw materials since 1994. The firm is banking with us since 2002. They are enjoying a cash credit limit of Rs. 2.00 lakhs against hypothecation of Book Debts since 2002. The original cash credit limit was sanctioned by Chif Manager on 30.08.2002 and last reviewed/sanctioned by Chief Manager on 14.02.2011 Thee conduct of the account is satisfactory. Renewal document dated 12.01.2010 has been obtained. Insurance is not applicable as the facility is against book debts. Inspection is done on 05.01.2012 and findings are satisfactory. In view of the aforesaid and the following: Long association of the firm Trouble free dealings Adequate collateral security available We recommend for continuing of the CC limit of Rs. 2 lakhs against Book Debts

Prepared By

Recommended By

Sweta Agarwal Credit Officer

Senior Manager (Cr)

Sanctioned By

R.N. Chabbra Chief Manager