FLASH REPORT

for
Proposed restructuring of

Under CDR mechanism

Application Number
Application Date
Table of Contents

Particulars Page No.

Basic details
Check-list
Brief background of promoter(s)
Composition of Board of Directors
Shareholding Pattern
Details of listed shares
Brief background / history of the company / borrower
Borrower’s business model, products and market prospects.
Borrowings / Debt profile
Key Financials and brief comments on past financials including contingent
liabilities/ Corporate Guarantees
Reasons for losses / Need for restructuring
Restructuring proposal including waivers and additional finance with justification
Sacrifice, Promoters Contribution and sources thereof and Recompense amount
Current and Proposed Security with ACR including valuations and basis of
valuations
Key Strength(s) of Borrower which shall help turnaround
Major Risks and Mitigants
Projected Financials
Ratio Analysis
Brief comments on projections and ratios vis a vis viability
Details of non core assets if any
Details of Group Companies/ Subsidaries and restructurings if any proposed or
already implemented for the same
Details of past restructurings if any
Lender-wise debt profile as on COD and date reference – Annexure A
Projected Balance Sheet – Annexure B
Projected P/L-Annexure C
Projected Cash Flow Statements – Annexure D
Cash Budgets for 4 months from reference date- Annexure E
 Item No.: ____________
Empowered Group Meeting
Date: ____________

Flash Report
1. Basic Details:

Company Name : Reference made :

by
Registered office : Date of :
address reference
Constitution : Date of DCA :
Year of : Lead Bank :
incorporation (WC)
Line of buiness / : Lead :
key products Institution/Bank
(TL)
Plant location : Installed :
(State) Capacites
Key promoter(s) : Credit rating with :
name Lead Bank
External Credit
Rating

2. Checklist:

Asset classification with lenders :

Wilful Default (Yes / No) :
BIFR / Non BIFR :
Sector – whether Infra / Non Infra :
Industry
Exposure – Whether commercial real :
estate / capital market
DRT suits filed – No / Yes with relevant :
details
Winding up petition filed – No / Yes with :
relevant details
Other cases against the company – No / :
Yes with relevant details
Cases filed by the company against lenders :
– No / Yes with relevant details
Extent of promoter’s shareholding in total :
equity share capital
Extent of pledge of promoter’s shareholding : ___% of promoter’s holding
____% of total equity base
Total CDR debt outstanding as on Cut off : _____ lenders with aggregate exposure of
date Rs.______ crore
(FB WC + NFB WC + TL)
Total CDR debt outstanding as on date of : _____ lenders with aggregate exposure of
reference Rs.______ crore
(FB WC + NFB WC + TL)
Proposed cut-off date :
Pre TRA designated Bank :
Total overdues of CDR lenders, : Interest – Rs.______ crore
as on cut off date Principal – Rs.______ crore
Dates of consortium meetings / JLMs in 90 :
days preceding the date of reference
3. Brief background of Promoter(s):

4. Composition of Board of Directors

Name Age Qualificatio Experience Other Promoter/Independen

n Directorship t

5. Shareholding Pattern

Particulars No of %
Shares
Promoters
Associates
Other Body
Corporates
Institutions/Banks
Public

6. Details of listed shares

Particulars
Exchange on which shares are listed
Trading Frequency
Current Market Price
Market Capitilisation
52 week H/L
Previous public/right issues and private placement

7. Brief background / history of Company / Borrower:

8. Borrower’s business model, products and market prospects :

9. Borrowings / Debt profile:

Rs. crore
Number of Limits Outstandin Outstanding
lenders sanctioned g as on as on date of
COD reference
CDR Debt :
- Secured WC
- Secured TL
- Unsecured
-------- ----------
Total CDR
Non CDR Debt :
ECB from CDR lenders
FCCB
Public FD
Unsecured loan / ICD
(non promoter)
Unsecured loan / ICD
(promoter + friends / relatives)
FB/NFB debt from other non CDR
lenders
----------- ------------
Total Non CDR

Grand Total
(CDR + Non CDR)

For lender-wise details of CDR debt, please see Annexure A.

10. Key Financials : Rs.crore

Particulars FY 2010 FY 2011 FY 2012 YTD –

3/6/9 mths
ended ___

Net Sales / Income

Other operating income
EBITDA
EBIDTA (%)
PAT
TNW, excluding preference
shares
Preference shares capital
Total Debt / Borrowings
WDV of Fixed Assets (Net
block)
Investments – In
subsidiaries/group cos
Investments – Others
Stocks
Book debts
Trade Creditors
(excl. for capital goods)
Loans and advances to
subsidiaries/Group cos
Total Debts/TNW
Term Debts/ Fixed Assets
Total Debts/EBIDTA
Current Ratio

Brief comments on past financials including contingent liabilities/ Corporate

Guarantees:

11. Reasons for losses / Need for restructuring:

12. Restructuring Proposal including waivers and additional finance with

justification for the same

13 Sacrifice, Promoters Contribution and sources thereof and Recompense amount

14. Current Security and Proposed Security with Asset Coverage Ratio including
valuations and basis of valuation
15. a. Key Strength(s) of Borrower which shall help turnaround :

b. Major Risks and Mitigants :

16. Projected Financials (Refer Annexure B, C and D)

17. Ratio Analysis

Particulars Value Benchmark

Average Adjusted DSCR
Return on Capital Employed (ROCE) – Average
Gap between IRR & Average Cost of Capital
Cost of Capital
Internal Rate of Return (IRR)
Loan Life Ration (LLR)
Asset Coverage Ratio

18. Brief Comments on projection and ratios vis a vis viability

19. Details of non core assets if any

20. Details of Group Companies/ Subsidiaries and restructurings if any proposed or

already implemented for the same

Brief Financials of Group Cos / Subsidiaries

Particulars Rs.
Sales
PAT
Total Debts
TNW
Net Fixed Assets

21. Details of past restructurings if any.

Annexure A

Lender-wise debt profile as on COD and Date of Reference

Annexure B

Projected Balance Sheet

Annexure C

Projected P / L

Annexure D

Projected Cash Flow Statement

Annexure E

Cash Budgets for 4 months from reference date