IDBI Bank Ltd.

Memorandum to RCC
Proposal for Renewal of WC/ ST/TL/CL Assistance

Item No
RCC Meeting Date:

Business Vertical Nature of Assistance/Facility Amount Sought

SME Renewal in Fund based and FB: CC: Rs.1005 lakh
Non-fund based working capital NFB: FLC/ILC: Rs.500 lakh
facility LER: Rs.50 lakh

I SUMMARY SHEET
1. Branch Name: CSC, New Delhi
SOL ID:
127
2. Date of Receipt of 17/01/2009 3. ARN No. 017100222001
Completed Application
4. Name of the Borrower/ Oriental Trimex Limited
Company
5. Address: Registered Office and Corporate Office:
Plant:
26/25, IInd floor, Bazar Marg, Old Rajindra Nagar, New Delhi –
110060
Processing Units (Marble Processing Units):
1) D-3, Site-V, Surjapur Industrial Area, Greater Noida.
2) B (57) (b), SIPCOT Ind. Complex Gumidipoondi, Thiruvallur,
Tamil Nadu.
Granite Processing Unit:
S-2/6, Industrial Estate, Asanabani, Rairangpur, Dist. Mayurbhanj,
Orissa.
6. Nature of Business/ Engaged in the business of import, export, cutting, polishing and
Products
processing of marbles/granites.
7. Constitution Public Limited company
8. Promoters/ Directors 1) Shri Rajesh Punia – Managing Director
(Names) 2) Smt. Savita Punia – Whole Time Director
3) Shri Sunil Kumar – Director
4) Shri Vivek Seth – Director
5) Shri Mahesh Chandra Mehta – Director
6) Shri Rakesh Takyar – Director
9. Listed Stock Price as on 19.03.2009

1
 Bombay stock High Low: Face Value:
Exchange Limited,
Mumbai (Code No: NSE 5.50 5.00 10.00
OTL 532817)
BSE 5.25 4.65 10.00
National Stock
Exchange of India
Limited, Mumbai
(Code No.: OTL
14346)
10. Shareholding as on
(Latest - %): Shareholder No. of %
Shares
Promoters 6406299 43.24
Institutional Investors 320000 2.16
Body Corporate 1628294 10.99
NRIs/ OCBs 110478 0.75
General Public 6350137 42.86
Total 14815208 100.00%

11. Company/ Customer ID 3801715 12. BSR Code 26904

13. PSL / Non PSL Non PSL (Medium Enterprises)

14. Date of last sanction 31st October, 2007

15. Internal Rating Last Rating Proposed
(Risk Dept.) BBB Rating BBB with score of 3.26
(Off the System), assigned by
Risk Department
16. External Rating Not Applicable
17. Bank’s RM Case transferred from MCG
18. Date of last Visit/Call: 12.09.2008 19. Name of the Shri Aditya Gupta, Sr.
officer visited:
Manager (Finance) and Shri
Rajesh Punia.
20. Observations of visit The all round working of the unit was found satisfactory.

21. Proposed Arrangement Consortium

22. Facility: Existing/Proposed:

Facility (Value in Rs. in lakh) O/s as on Overdue Limits Remarks
28.02.2009 (if any) (Pricing, tenure
etc.)

2
 Present Proposed
(including
present)
FB: Cash Credit 1070.94 NIL 1005.00 1005.00 Proposed:
BPLR (at present
13.50% p.a.),
payable presently.
Next renewal in
the month of
January 2010.
Total FB 1070.94 NIL 1005.00 1005.00
NFB: FLC/ILC 223.92 NIL 500.00 500.00 Commission
@1.00% p.a

Interest-
BPLR+3.5% +2%
on the devolved
amount, which
would be
considered as a
separate working
capital demand
loan.
LER -- NIL 50.00 50.00 As stipulated by
bank’s treasury
Department.
Total NFB 223.92 NIL 550.00 550.00
Forex O/s Not Applicable
Forward MTM
LER
Derivative O/s Not Applicable
s MTM
CMS Line – Intra-day
23. Total Exposure to
company (TE) - excld
CMS Nil Nil 1555.00 1555.00 NA
24. Total Group Exposure
(TGE)
(company-wise exposure
details to be attached)
Nil Nil 1555.00 1555.00 NA
25. Compliance with Bank’s
Credit Policy Yes
26. Cross Sell (CMS/Salary account/ Tax Collection/ Excise/Dividend distribution/ Forex/LER/
Carbon Credit/Syndication/Corporate Advisory Services etc)
Present Total Our Share Income Likelihood of

3
 Arrangemen Volume Earned (in Shifting to our
t with (in lakh) lakh) Bank
IDBI 50.00* 100% Nil Likely to shift to
CMS Line – Intra-day
(Proposed) our bank
Likely to shift to
Salary
J&K Bank 118.00 Nil Nil our bank
Tax Collection/ Excise Axis Bank 287.13 Nil Nil -------
Others NA Nil Nil Nil Nil
* Party has applied for Rs.100 lakh CMS Line Limit but we recommend for Rs.50 lakh within the CC
limit. Details as per Appendix III.
27. Account Profitability:
Account Profitability Avg. Interest Income Non-Interest Income ROC (%)
Utiliz. (Rs. lakh) (Rs. lakh)
FB 95% 43.82 --
NFB 95% -- 14.25
Existing 57%
Others -- -- 15.05
Total -- 43.82 29.30
FB 100% 49.55 --
NFB 100% -- 5.00
Expected 46%
Others -- -- 7.53
Total 100% 49.55 12.53
28. Current & Proposed Borrowing Arrangements (Rs. lakh)
Outstanding as
Working Capital Current Limits Proposed Limits
On 28.02.2009
Banks
FB NFB Total FB NFB Total FB NFB Total
1. J&K Bank 1185 600 1785 1190.00 316 1506.00 - - -
2. IDBI Bank 1005 550 1555 1070.94 223.70 1294.64 1005 550 1555
3. Axis Bank 710 550 1260 718 20.00 738 - - -
4. Standard
750 750 1500 749 Nil 749 - - -
Chartered Bank
Total 3650 2450 6100 3727.94 559.70 4287.64 1005 550 1555
** Current Limits from J&K Bank, Axis Bank and Standard Charted Bank have already been
Renewed
29. Banker’s Report & Comments
thereon (for new relationships) Existing relationship.
30. None
Nominee Director’s observations, if any
31. Credit History Satisfactory
32. Security

4
Security Existing (Nature, Seniority, value, Proposed (nature, seniority, Asset Cover
status of creation) value, expected time for
(Facility-wise) creation)
(Facility-wise)
Primary
1) Cash Credit Hypothecation of stocks of Hypothecation of stocks
R.M. /W.I.P. /F.G. lying in the of R.M. /W.I.P. /F.G.
factory, godown elsewhere lying in the factory,
including items in transit and all godown elsewhere
present and future book debts / including items in
receivables on pari-passu basis transit and all present
with other working capital bankers. and future book debts /
receivables on pari-
passu basis with other
working capital
bankers.
1) First pari-passu charge over all All existing collateral 0.59
Collateral the fixed assets including plant and securities having
machinery situate at D-3, Site-V, realized value of
Surajpur Industrial Area, Greater Rs.1652 lakh (approx).
Noida (Marble processing unit) AND
having realized value of Rs.1200 1) First pari-passu
lakh (approx). charge over all the fixed
assets including plant
2) First pari-passu charge over all and machinery situated
the fixed assets including plant and at I-63, Industrial area,
machinery situate at Plot No.4, Surajpur-5, Kasna,
Somnathpur, IDCO Industrial Greater Noida
Estate, Balasore, Orrisa (Mining (Marketing outlet) -
location) having realized value of Mortgage to be created
Rs.40 lakh (approx). valued at Rs.682.80
lakh.
3) First pari-passu charge over all
the fixed assets including plant and 2) First pari passu
machinery situate at S-62/2, charge over all the fixed
Industrial Estate, Asanabani, assets including plant
Rairangpur, Dist.Mayurbhanj, and machinery situated
Orrisa (Mining Location) having at B-57b, SIPCOT
realized value of Rs.12 lakh Industrial Complex,
(approx). Gummudipoondi, Tamil
Nadu (Marble
4) First pari passu charge over all Processing Unit) –
the fixed assets including plant and Mortgage to be created
machinery situate at 391-392, valued at Rs. 1011.50
Naskarhat, South Khal, Para E.M. lakh.
Bypass, P.S. Tuhaka, Kolkata.

5
 (Mining Location) having realized
value of Rs.400 lakh (approx).
Personal guarantees of
Shri Rajesh Punia
having networth of
Guarantees Personal guarantees of Shri Rajesh Rs.300.21 lakh and
Punia and Smt. Savita Punia. Smt. Savita Punia
having networth of
Rs.182.76 lakh as on
31.12.08.
33. All Charged assets of the company with Bank clause. Additional insurance
Insurance
coverage shall be obtained by the company based on the additional stock. All
(Coverage,
the security charged to the bank will be comprehensively insured against theft,
validity &
fire, earthquake, riots & other natural and non-natural calamities with agreed
adequacy
bank’s clause. The cost of insurance will be borne by the concern.
34. Inspection
(Last
inspection
Date of last visit: 12th September 2008. Visit report was satisfactory
date &
observations
)
35. Check List of enclosures Yes/No
(1) Analysis of Latest Audited Financial Statements Yes
(2) YTD performance Yes
(3) Credmin sheet Yes
(4) LER Deals sheet NA
(5) Profitability & cash flow projections Yes
(6) Rating Report along with clarifications Yes
(7) Others, if any

6
II COMPANY & BUSINESS PROFILE

7
BACKGROUND:
Oriental Trimex Limited was incorporated in 1996 and has been engaged in the business of
trading of building material, marble and granite since its incorporation. Initially company was
started by Shri Rajesh Punia and Smt. Savita Punia as private limited and in FY06-07 the
company had come out with IPO. The directors of the company are Shri Rajesh Punia, Smt
Savita punia, Shri Sunil Kumar, Shri Vivek Seth, Shri Mahesh Chandra Mehta and Shri Rakesh
Takyar. In 2001, the company commissioned marble processing unit at Greater Noida with a
licensed and installed capacity of 12,600 MT p.a. whereby the company initiated the process of
imported as well as indigenous rough marble blocks into slabs/tiles. The company further
acquired small granite processing unit at Rairangpur, Orissa with a capacity of 650 MT and
another at Balasore, Orissa with capacity of 100 MT. Presently, the company is sourcing its raw
material requirements through imports and indigenous sources. The company is importing
rough marble blocks for meeting its raw material requirement from Middle East, South East
Asian Countries, Greece, Egypt, Spain, Turkey and Italy and sells its after processing in the
domestic market to institutional as well as retail customers either directly or through
wholesalers. The company also imports semi processed marble slabs for raw material
requirement from these countries including Sri Lanka apart from sourcing market slabs and
blocks indigenously. The company imports decorative marble blocks, which are used in
residential/commercial buildings, hotels, hospitals, restaurants etc.
Milestones achieved by the company:

Year Milestones
1996 Incorporated as Private Limited Company for trading in building materials mainly
marble, granite and tiles
2001 Change of status by conversion into Public Limited Company
2001 Commissioning of marble processing unit at Greater Noida with installed capacity
of 12,600 MT
2001 Opening of showroom / retail outlet at Chennai
2001 Awarded as "Shreshtha Vyapari" for the year 2000-2001 by the Sales Tax
Authorities, Delhi
2001 Awarded KSA 9001-ISO 9001 QMS Certification from KMAQ-Korea for quality
management system.
2003 Acquisition of 7 acres of land at Balasore, Orissa
2004 Grant of mining lease at Village Jangia-Badadalmia, Tehsil-Bahalda, Rairangpura,
District Baripada, Orissa over 6.90 acres under Orissa Minor Minerals Concession
Rules 2004 for a period of 10 years
2005 Acquisition of a small granite processing unit at Rairangpur, Orissa with an annual
installed capacity of 650 MT. Acquisition of a small granite processing unit at
8
 III PERFORMANCE/FINANCIAL ANALYSIS

Performance/Financial Indicators
(Rs. lakh)
Year ended 2006 2007 2008 2009 2010 2011
(Aud.) (Aud.) (Aud.) (Est.) (P (Proj.)
ro
j.)

9
Net Sales 5073.71 7837.24 10470.90 14969.72 19957.62 24944.53
Other Income 18.87 56.71 63.18 25.00 25.00 25.00
PBDIT 528.08 655.80 843.27 1536.17 1828.83 2982.64
PAT 271.30 293.63 275.39 676.49 843.09 1554.07
Cash Profit 291.5 315.76 306.98 752.52 919.88 1933.69
Paid Up Capital 433.33 1481.52 1481.52 1481.52 1481.52 1481.52
Tangible Net Worth 675.58 5081.81 5272.40 5537.45 5879.44 6250.57
Net Working Capital 198.65 4357.09 3052.01 1785.48 2062.03 2466.05
Net Cash From -- -1022.25 -713.41 -996.91 -31.79 811.52
Opns.
PBDIT as a % of 10.41 8.37 8.05 10.26 9.16 11.96
Sales
NP as a % of Sales 5.35 3.75 2.63 4.52 4.22 6.23
TOL/TNW 2.91 0.52 0.86 1.22 1.37 1.51
(TOL+ Conti. 2.91 0.52 0.86 1.22 1.37 1.51
Liability)/TNW
Current Ratio 1.12 2.82 1.71 1.31 1.31 1.28
Interest Coverage 4.49 3.46 2.71 2.92 3.32 4.82

Observations /Comments

Sales: Sales of the company is showing increasing trend. It increased from Rs 78537.24
lakh in FY 2007 to Rs 10470.90 lakh in FY 2008 showing increase of 33.60 %. The
company has forecast good sales for the coming years in view of good rapport and long
standing relationship in the market. It has projected sales of Rs 14969.72 lakh in FY 2009
and Rs 19957.62 lakh in FY 2010.

Net Profit: The firm has posted profit after tax of Rs 275.39 lakh with net margin of
2.63% for the period ended March 31, 2008. For FY 09, the firm expects an increase of

42.96% in its net profit. The company has already achieved net profit of Rs.178.39 lakh
as on 31st Dec 08. The firm has projected its profits to grow to Rs 676.49 lakh in FY 09,
Rs 843.09 lakh in FY 10. The firm sees excellent opportunity for growth of its business
in the coming years, notwithstanding the global downtrend.

10
GP Margin: GP Margin of the company in FY 2007 is 8.09 % and further decrease to
7.75% in FY 2008 because of decrease in the sales. GP Margin of the company projected
to improve further to 7.78% in FY 2009.

NP Margin: NP Margin of the company has decreased from 3.75% in FY 2007 to 2.63%
in FY 2008. Company has projected NP margin at 2.54 % in FY 2009 and 2.73 % in FY
2010.
Capital: Capital of the Company remains same in FY07 to FY 09 by Rs 1481.52 lakh.

TOL/TNW: TOL/TNW of the company in FY 2008 is 0.86 i.e. which is within our
benchmark 3.5:1. The TOL/TNW for FY 2009 and 2010 is 1.22 and 1.37 respectively.

Current Ratio: The Current ratio of the company is at comfortable level of 1.71 in FY
2008. The estimated current ratio for FY09 is 1.31 and 1.28 for FY10. The liquidity
position of the firm would be satisfactory.

Cash From Operations: The Company has put Rs.4477.4 lakh in fixed assets which will
be financed by IPO proceeds, presently with J&K Bank. This will improve the liquidity
position of the company.

Interest Coverage Ratio: Interest coverage ratio of the company for FY08 at 2.71 and
projected for FY09 at 2.92.

Auditors Qualifications, if any (and clarifications)

No adverse comments

YTD Performance

YTD Performance
(Rs. in lakh)
9 Months Ended
Details 31-12-07 31-12-08
Sales 7526.85 8018.88

11
Other Income 23.89 17.00
PBDIT 713.17 664.92
Interest Costs 219.36 418.29
Depreciation 20.21 37.22
PAT 245.97 178.39
Cash Accruals 266.18 215.61

Observations /Comments

The sales for 9 months ended for 31.12.08 is Rs.8018.88 lakh, which is higher than that
of the same period previous year. In 31.12.07 the sales figure was Rs. 7526.58 lakh.
However, PAT has decreased from Rs. 245.97 lakh to Rs.178.39. This is due to
slowdown in the global economy.

Peer Comparison
(Rs. lakh)
Oriental Trimex
As on 31.03.07 Limited Nitco Tiles
Net Sales 7837.24 41311.00
PBDIT 655.80 7300.10
PAT 293.63 3802.00
PBDIT (%) 8.37% 17.67%
PAT (%) 3.75% 9.20%
Total Net Worth (TNW) 5081.81 29701.40
Current Ratio 2.82 2.15

Observations /Comments
Oriental Trimex Limited has achieved sales of Rs.7837.24 lakh, which is less than the
Nitco Tiles. This is because Oriental Trimex Limited only specializes in marbles and
granites whereas Nitco tiles is into various products i.e. ceramic tiles, vertified tiles,

mosaico, marble, cement and terrazzo tiles. Oriental Trimex limited has a satisfactory
performance even in the period of economic slowdown.

Group Financials (As on 31.03.2008)

12
 (Rs. lakh)
Particulars Sales PAT TNW TOL/TNW
Oriental (Buildmat) 0.06 (1.70) 96.10 1.73
Exports Private
Limited
Oriental Tiles Ltd. 109.81 2.72 43.43 6.91
Colombo Stones 1023.53 116.67 344.21 2.98
Industries (Private)
Limited
Deepali Granites Pvt. --- (0.06) 0.79 5.37
Ltd.

Observations /Comments

The above group companies except Oriental Tiles Limited are still in existence but the
production of these companies is negligible. Oriental Tiles Limited is engaged in
marketing marble blocks & slabs and having its business activities confined mainly in
Kolkata.

EOD Status

Particulars Status As on March 31, 2008 EOD

Triggered?
(Y/N)
Current Ratio < 1.25 1.71 No
TOL/TNW>3.5 0.86 No
Company incurring Cash No cash loss No
loss
Negative variation of Sales increased by 33.60% in FY 08. No
more than 10% between
provisional & audited
results (in the stipulated
parameters)
Cross Default No default No
Defaults with any other No No
bank/FI/MF/lending
institution
Any change in 1) Shri Dharamvir Gupta, one of the directors No
circumstances including of the company expired on 25th February
but not limited to a 2008. In place of him new director has
material change in appointed named Shri Rakesh Takyar.
ownership/shareholding 2) Funds received through IPO were

13
pattern/management of Rs.4469.70. The utilization of these fund as
the company on 30.06.07 and 30.06.08 are given below:
@

@
Funds received through IPO proceeds 30.06.07 30.06.08
(Rs. in lakh) (Rs. in lakh)
1) Issue Expenses 414.19 416.16
2) Advance for Mining Machinery 33.13 --
3) Quarry Development Expenses 40.00 --
4) General corporate Purposes 547.52 545.49
5) Purchase of Land -- 848.08
6) Purchase of Plant & Machinery -- 538.94
7) Electric Installation -- 30.43
8) Construction of Building -- 432.53
9) Long term working capital -- 490.00
10) Bank fixed deposits/IPO Escrow 3434.86 1168.07
account with the J&K Bank Ltd.
Total 4469.70 4469.70

Observations /Comments

EOD has not triggered. Current ratio is above 1.25 at 1.71 and TOL/TNW is below 3.5 at
0.86 and they continue to do so in the projections for the next two years.

14
 V. ASSESSMENT OF CURRENT PROPOSAL

Oriental Trimex Limited has approached us for renewal in fund based (Rs 1005 lakh) and
non-fund based (Rs 550 lakh) working capital facility, aggregating to Rs 1555 lakh under
consortium finance with J&K Bank as Lead institution, IDBI Bank and Axis Bank as
member. The other bank namely Standard Chartered Bank has opted to enter the
consortium. Of the proposed renewal, the position of facilities extended to the company is
summarized as under:
Working Capital Limits (Rs. in lakh)
Nature of J&K Bank IDBI Axis Standard Total
facility Bank Bank Chartered
Bank
Cash Credit 1185 1005 710 750 3650
Bill/Cheque -- -- -- 250 250
Purchase
FLC/ILC 500 500 300 -- 1300
BG 100 -- 250 -- 350
LER -- 50 -- -- 50
Total Limit 1785 1555 1260 1000 5600

As the company is on the growth path, it needs large amount of capital assistance to
expand and meet the requirements of customers. Therefore, an additional term loan
facility has taken from ICICI bank of Rs.1100 lakh for financing imported machineries
for their new units at Greater Noida, Chennai and Kolkata. The total cost of the project is
Rs. 58.23 crore. The proposed Capex being undertaken by the company is as follows:

Particulars Amount (Rs. In crore)

Cost
Plant and Machinery (Incurred Rs.6.45 Cr) 18.41
Land (Incurred Rs.9.35 Cr) 10.00
Building 8.75
Electricals 0.85
Pre-operative & corporate 10.02
Long Term Working Capital 10.20
Total 58.23
Means of Finance
IPO Proceeds 47.00
TL from ICICI 11.00
Internal Accruals 0.23
Total 58.23

15
1. Assessment of WC/STL Requirement

Particulars 2006 2007 2008 2009 2010

1. Total Current Assets 1875.03 6749.12 7361.44 7571.84 9497.32
2. Other Current Liabilities 822.11 852.88 1603.36 2121.05 3152.50
3. Working Capital Gap 1052.92 5896.24 5758.08 5450.79 6344.82
4. Min. Stipulated NWC 468.76 1687.28 1840.36 1892.96 2374.33
5. Actual / Projected NWC 273.06 4431.50 3092.79 1800.79 2344.82
6. Item 3 Minus Item 4 584.16 4208.96 3917.72 3557.83 3970.49
7. Item 3 Minus Item 5 779.86 1464.74 2665.29 3650.00 4000.00
8. MPBF (lower of 6 or 7) 584.16 1464.74 2665.29 3557.83 3970.49
9. Excess borrowings
representing Shortfall in
NWC 195.70 NIL NIL 92.17 29.51

The total current asset in 2009 is projected at Rs.7571.84 lakh and the working capital
gap is estimated at Rs.2121.05 lakh. The MPBF for the period is assessed at Rs.3557.83
lakh in FY 09 and Rs.3970.49 lakh in 2010.

Build up of Current Assets & Current Liabilities

(Rs. in lakh)
Particulars 2006 2007 2008 2009 2010
Stock in process – Amt 293.78 606.55 2372.46 3058.65 4158.36
Month’s Cost of Production 0.79 0.91 3.19 2.72 2.75
Month’s cost of sales 1.48 2.66 1.49 1.11 1.00
Domestic Receivables –
Amt 787.29 728.60 579.10 1780.45 2017.85
Month’s Domestic Sales 1.88 1.11 0.66 1.42 1.21
Creditors for Purchases –
Amt 423.58 353.29 656.92 845.46 1149.83
Month’s Purchases 1.39 0.53 0.77 0.77 0.77

Stock-in-Process:
As per Balance sheet closing inventory stands at Rs 2372.46 lakh for the FY 2007-08,
which is higher as compared to Rs 606.55 lakh in the FY 2006-07.

Debtors level:
Debtors level had decreased from 1.11 months in FY 2007 to 0.66 months (i.e. about 19

16
days) in FY 2008 due to better management of the receivables. Company has expanded
its business and has roped in new customers during current year, which has resulted in
increase in debtors level. Also, it is estimated to increase to 1.42 months in FY 2009.

Creditors level:
Creditor’s level was 0.53 month (i.e. about 15 days) & 0.77 months (i.e. about 23 days) in
FY 2007 & FY 2008 respectively.

2. Assessment of TL Requirement
----NA---
3. Assessment of CL Requirement
----NA----

VI. COMPLIANCE WITH EXPOSURE NORMS/ CREDIT POLICY

1. Cap in absolute terms

(Rs. crore)
Particulars Existing Proposed Pre-defined limits
Company 15.55 15.55 1500.00
Group NIL NIL 3000.00

2. As a percentage of IDBI's capital funds as on 31.03.08 Rs 9059.76 Crore

Existing Exposure (Rs. crore) Proposed Exposure Pre-defined limit
(Rs. crore)
Total exposure % of IDBI’s Total % of IDBI’s
capital funds exposure capital funds
15%
Company (20% in case of
15.55 0.172 15.55 0.172% infrastructure)

40%
Group (50% in case of
Nil Nil Nil infrastructure)

3. As a percentage of the Company'/Group's Net worth

Existing Exposure Proposed Exposure Pre-defined
(Rs. lakh) (Rs. lakh) limit

17
Total exposure Net worth % of Total % of 100% in case
(as on Networth of exposure Networth of rating is 'A'
31.03.08) Company Company and above and
75% in case
Company of rating
1555.00 5852.08 26.57% 1555.00 26.57 % below 'A'

--
Group Nil Nil Nil Nil

Compliance with Exposure Norms/Other relevant norms:

S.No. PARAMETERS Norms Status Remarks

1 Performance Growing trend Sales and TNW for the Not Complied
for 3 previous past three years have with.
years in respect been growing. In FY08 the profit
of Sales, Net But the PAT for FY08 of the company is
Profit & TNW is not in a growing Rs.275.39 lakh
trend. and in FY07 it
was Rs.293.63
lakh.
2 Credit Rating BBB ‘A’ as per New SME Rating BBB with
Modal. score of 3.26
assigned by Risk
Department.
3 Interest Coverage Min 2 Interest coverage is Complied with
above 2 during the
previous three years.
4 Leverage 3.5:1 Max In FY 2006, 2007 and Complied with.
2008, TOL/TNW was
at the level of 2.89,
0.52 and 0.86
respectively. As per
the projections, it is
projected at 1.22 and
1.37 for FY 2009 and
2010 respectively.
5 Current Ratio Min 1.25 The current ratio as on Complied with.

18
 31.03.08 was at 1.71,
i.e. above the
benchmark. In the FY
2009 it is 1.31 and in
2010 it is 1.28 i.e.
above the norm.
6 Margin on Minimum 25% Margin on primary Complied with
Security security: stock 25%,
book debts 90 days:
25%. Collateral on
company's fixed assets
is also stipulated.
7 Credit History No known No defaults Complied with
wilful defaults.

VII KEY RISKS/ MITIGANTS/RATING

1. Business & Industry 1) Strength
Risks a) Promoters are well experienced in Marble & Granite trade and
industry.
b) Professional management.
c) Established track record in marble trade & industry.
d) Trained and experienced personnel.
e) Wide distributors/dealers network through out the country.
f) Existing marketing offices in Delhi, Kolkata & Chennai.
g) Oriental has own Quarry of granite/decorative stones thereby the
cost of raw materials for granite processing unit will be very low in
comparison with other processors who does not own quarry.
h) Some of the existing overseas suppliers of imported marble are
prospective buyers for granite blocks and slabs.
i) As per Import License policy of the government, no further
license is to be given for import the tiles. Because of this entry
barrier there is no further significant increase in the competition.
2) Weakness
a) Company’s existing sales are mainly to domestic customers.
b) Company is dependent on overseas supplies for its raw material
requirement for Marble processing units.
3) Opportunities
a) Growth potential for construction industry in the coming years in
India is an opportunity for the company.
b) Growing demand for Granite in overseas countries.
c) Increasing usage of Green marble/granite for decoration purposes
is an exciting opportunity for the company.
4) Threats

19
 Change in Government rules and regulations like Exim policy,
Import duties etc. can affect company’s business operations.
2. Financial Risks No risk is perceived, except volatility in exchange rates.
3. Management Risks The company has professionals as specialists in various fields who
take care of the day-to-day operations.
4. ECGC Cover Nil

5. Country Risk Nil

(if relevant)

20
6. Internal Rating Risk concern raised by RISK DEPARTMENT H.O
concerns
The proposal was sent for rating to risk department under New SME
modal along with DAN and other relevant papers in original on 20th
January 09. We have received rating (BBB), Score (3.26) with risk
concerns on 5th March 09, by Risk Department.
Concerns raised by rating department and our comments are as
follows:
Risk / Concerns Comments
1) There is substantial The increase in receivable level is
increase in receivables level due to targeting big corporate
from 0.66 months FY 08 to houses (to increase sales) on high
1.42 months in FY 09. NWC credit terms as a result of changed
is projected to reduce from market condition.
Rs.31 crore in FY 08 to NWC has decreased due to high
Rs.18 crore in FY 09, levels of creditor and advances.
meanwhile bank borrowings YTD is low due to global
have also increased in CFY financial meltdown. Actual
and projected to increase availment of working capital
further. The YTD would be linked to Drawing
achievement is low for the 9 power.
months ended Dec.'08 and
estimates appear optimistic.
Accordingly, WC
requirement to be reassessed
& monitored within
ABF/DP. There appears
need to infuse long-term
funds.
2) The company is also in an Peer comparison has been done
expansionary mode hence; with Nitco Tiles. Oriental Trimex
the company has raised Limited specializes only in
Rs.47 crore through IPO and marbles and granites whereas
has proposed TL of Rs.11 Nitco tiles is into various products
crore from ICICI Bank to i.e. ceramic tiles, vertified tiles,
fund the capex of Rs.58 mosaico, marble, cement and
crore. Prima facie the terrazzo tiles. Oriental Trimex
project cost appears limited has a satisfactory
optimistic & needs to be performance even in the period of
compared / evaluated with economic slowdown.
other peer concerns. Despite J&K bank is custodian &
Rs.10 crore of LTWC appointed monitoring agency for
envisaged under the IPO funds & periodic reports are
proposed capex, excess bank submitted & ICICI bank has
borrowings has been granted Term Loan on the basis of
projected for next 2 years. Projected expansion plan
Hence, it necessitates LTWC is only one time

21
infusion of additional long- infusement for kick-start of
term funds. operations in upcoming projects.

3) The company is operating The Company has confirmed

in the decorative orders & is also expecting bigger
marble/granite segment, a orders from government agencies.
niche segment of The advances paid for raw
construction industry. With materials were Rs.44 lakh, Rs.140
the downturn in the lakh and Rs.614 lakh for the FY
construction business the ending 2006, 2007 and 2008
performance of the company respectively. It was clarified by
is likely to be impacted in the company officials that the
the short to medium term. company had to remit advance
Given this background payments to raw material
constant rise in advance to suppliers located abroad as a part
suppliers may be examined payment for the purpose of import
closely. of raw materials. In view of the
recession in the West and the tight
prevailing market conditions in
2008, the requirement of advance
payments by the exporters for
supply of raw materials
increased.
Other Concerns Comments
4) Unsecured loans may be In the fresh documentation
subordinated to bank loan. subordination agreement will be
obtained from the company.
5) Given the size of the The company fully adheres to the
company, corporate standards set out by the Securities
governance issues need to and Exchange Board of India’s
be addressed. Corporate Governance practices
and has implemented all its
stipulations.
6) As per the Credmin The company has already
review, submission of submitted the quarterly results and
quarterly results & MIS is agreed to give MIS.
irregular and insurance is Insurance for stock of raw
pending. material, Finished, Semi Finished
Goods has already been obtained
for Rs.35 crore till 30th May 2009.

22
VII. RECOMMENDATIONS

23
1. Certification
(In case of non-compliance, give details / reasons & justification for recommending the
limit despite non-compliance)

24
 2. There are no un-rectified irregularities in the account, except for:
No unrectified irregularities in the account.

b. All formalities regarding documentation and security creation for existing facilities
have been completed
(Except Property at Rajender Nagar securities of all other properties has been
created)

c. All other terms, including EODs, for existing exposures are in compliance.
Complied With.

d. The company / directors / group companies / guarantors do not figure in

RBI’s/CIBIL defaulter list (the company/promoters name does not appear in the caution
list. There are no litigations pending against borrowers, other than those in the normal
course of business.

RBI’s defaulter list, RBI’s defaulter list (Non suit file accounts of Rs 25.00 lakh and
Rs 1 Crore and above) checked on intranet on 22.09.2008 no records found. CIBIL
report on proprietor and guarantor mentions that “file not found”. CIBIL report is
attached.

3. Neither directors of the Bank nor their relatives are interested in the proposal
nor do they hold substantial interest in the borrowing entity. Further, none of
the directors of other banking company and their relatives are interested in the
proposal.

Suitable Certificate will be obtained from the borrower.

f. The borrowing entity complies with the relevant environmental norms.

The concern is a trading firm and no environmental norms are foreseen.

g. There are no deviations from the credit policy (including policy on Bill Finance),
RBI policy, FEMA and other related regulatory provisions, except for:
No deviation except those mentioned in takeover chart above.

h. There are no cases pending against the borrower / guarantor in any court in respect
of any dues to banks/ financial institutions.
An affidavit regarding the same will be taken before disbursement.

2. Terms of Sanction for Working Capital

25
 Limit Rs 1005 lakh (Rupees one thousand and five lakh only)
Purpose Working Capital (Interchangeability of Rs. 200 lakh
between Cash Credit, Packing Credit/PCFC, Foreign Bill
Purchase and CMS of Rs.50 lakh.
Pricing BPLR i.e. 13.50% presently.
Tenor Tenor: 1 year, next renewal date will be in the month of
Dec 2009
Repayment / Due date On due date / On demand
Processing charges 0.50 % of loan amount plus applicable service tax.
Margins 25% on stock and 40% on book debts.

3. Terms of Sanction for Foreign Letter of Credit

Limit Rs 500 lakh (Rupees five hundred lakh only)

Purpose Procurement of Raw material-Imported or indigenous
Commission 1% p.a.
Tenor Max 120 days
Repayment / Due date On due date / On demand
Margins 15%
Indigenous-90 days
Import-180 days
Liquidated Damages BPLR + 3.5% + 2% on the devolved amount which would
be considered as a separate WCDL.

4. Terms of Sanction for Export Packing Credit

Limit Maximum of Rs 200 lakh (Rupees two hundred lakh

only). It is a Sub-limit of CC. It will be interchangeable to
this extent between CC, Packing credit and Foreign Bill
Purchase.
Purpose Normal working capital requirement of the company.
Interest BPLR-2.5% payable monthly.
Tenor Same as CC.
Repayment / Due date On due date / On demand
Processing Fees 150 bps p.a on the amount disbursed to be payable
upfront.

Other condition Facility to be covered under the WTPCG and WTPSG

cover of ECGC and the relative premium to be borne by
the company.
Covenants General Disbursement of PCFC is subject to availability of foreign
26
5. Recommendation
Considering the foregoing, we recommend:

1) The proposal for renewal of Working Capital facilities of Rs.1555 lakh, which
includes CC-Rs.1005 lakh (Includes interchangeability of Rs. 200 lakh between
Cash Credit, Packing Credit/PCFC and Foreign Bill Purchase), FLC/ILC-Rs.500
lakh and LER limit-Rs.50 lakh).
2) The proposal conforms to the exposure norms except relating to growing profit for
three years.
3) A limit of Rs.50 lakh for CMS is within the overall CC limit being sanctioned to
the company.
4) RCC is requested to approve only one deviation as mentioned above and may
approve renewal of CC limit of Rs.1005 lakh (Includes interchangeability of Rs.
200 lakh between Cash Credit, Packing Credit/PCFC and Foreign Bill Purchase),
FLC/ILC of Rs.500 lakh and LER limit of Rs.50 lakh to Oriental Trimex Limited.
The above sanction will be on the terms and condition as mentioned in Appendix
II for CC limit, FLC/ILC and LER and other normal terms and conditions
applicable for grant of such assistance.

Signature Signature Signature Signature

Priya Sumanpreet Kaur Arun Kumar Goyal K.Subramanian

RO CO DGM Regional Head

27
 Appendix – I
FACILITIES ASSESSMENT
(For Working Capital)

Assessment of Fund Based facility

Calculation of Maximum Permissible Bank Finance

Particulars 2006 2007 2008 2009 2010

1. Total Current Assets 1875.03 6749.12 7361.44 7571.84 9497.32
2. Other Current Liabilities 822.11 852.88 1603.36 2121.05 3152.50
3. Working Capital Gap 1052.92 5896.24 5758.08 5450.79 6344.82
4. Min. Stipulated NWC 468.76 1687.28 1840.36 1892.96 2374.33
5. Actual / Projected NWC 273.06 4431.50 3092.79 1800.79 2344.82
6. Item 3 Minus Item 4 584.16 4208.96 3917.72 3557.83 3970.49
7. Item 3 Minus Item 5 779.86 1464.74 2665.29 3650.00 4000.00
8. MPBF (lower of 6 or 7) 584.16 1464.74 2665.29 3557.83 3970.49
9. Excess borrowings
representing Shortfall in
NWC 195.70 NIL NIL 92.17 29.51

The total current asset in 2009 is projected at Rs.7571.84 lakh and the working capital
gap is estimated at Rs.2121.05 lakh. The MPBF for the period is assessed at Rs.3557.83
lakh in FY 09 and Rs.3970.49 lakh in 2010.

Build up of Current Assets & Current Liabilities

Particulars 2006 2007 2008 2009 2010

Stock in process – Amt 293.78 606.55 2372.46 3058.65 4158.36
Month’s Cost of
Production 0.79 0.91 3.19 2.72 2.75
Month’s cost of sales 1.48 2.66 1.49 1.11 1.00
Domestic Receivables –
Amt 787.29 728.60 579.10 1780.45 2017.85
Month’s Domestic Sales 1.88 1.11 0.66 1.42 1.21
Creditors for Purchases –
Amt 423.58 353.29 656.92 845.46 1149.83
Month’s Purchases 1.39 0.53 0.77 0.77 0.77

28
Comments:

Stock-in-Process:
As per Balance sheet closing inventory stands at Rs.2372.46 lakh for the FY 2007-08,
which is higher as compared to Rs.606.55 lakh in the FY 2006-07.

Debtors Level:
Debtors level had decreased from 1.11 months in FY 2007 to 0.66 months (i.e. about 19
days) in FY 2008 due to better management of the receivables. Company has expanded
its business and has roped in new customers during current year, which has resulted in
increase in debtors level. Also, it is estimated to increase to 1.42 months in FY 2009.

Creditors level:
Creditor’s level was 0.53 month (i.e. about 15 days) & 0.77 months (i.e. about 23 days) in
FY 2007 & FY 2008 respectively.

Assessment of Non - Fund Based facility

LC Facility

Particulars Current Year

(Amt in Rs crore)
Estimated Total Purchases 45.00
Purchases under LC 30.00
Usance Period 0 to 120 days
Bank’s exposure 5.00 on 30.11.08

Comments:

The company presently has a sanctioned limit of Rs 500 lakh for both Inland/Overseas
purchases for raw materials, and others as required by the Company. In view of the
increasing business and fund requirements by suppliers all of them are now insisting on
supplying material preferably against L/C only and hence the increased requirements.
The company has also requested for convertibility amongst both these non-fund based

29
limits as sometimes the requirement of one exceeds the other and convertibility allows
the company to utilize the complete limits without delay.

Assessment for LER Limits

Company has been sanctioned LER limit of Rs.50 lakh. The limit is for booking of
forward cover/derivative deals. It is proposed to renew the same.

30
 Appendix - II
TERM SHEET FOR WORKING CAPITAL

Facility I II III IV V
Limit Cash Credit LC EPC FBP LER
Rs.1005.00
Under lakh Rs.500.00 Rs.200.00 lakh Rs.200.00 lakh Rs.50.00
Consortium: lakh (Interchangeabili (Interchangeabil lakh
ty between CC, ity between CC,
PC and FBP) PC and FBP)
Purpose To meet LC for Normal working Normal For
Working procuring capital working capital enabling
Capital raw mater requirement of requirement of hedging of
requirement ial. the company. the company. forex
exposure
due to trade
Pricing BPLR i.e. Commissi BPLR-2.5% BPLR-2.5% As per
13.50% on @ 1% applicable
rate
Tenor 1 year Max 120 Same as CC Bill not to 1 year
days exceed 180
days.
Repayment / On due On On due date/On Realization of Less than 6
Due date date/On demand demand export bills months
demand discounted.
Margins 25% on 15% Same as CC Same as CC 10% of the
stock and outstanding
40% on amount.
book debts Margins
may be
obtained in
the form of
FD.
Security
Primary Hypothecation of Stocks and Book Debts.
Collateral Existing:
1) First pari-passu charge over all the fixed assets including plant and
machinery situate at D-3, Site-V, Surajpur Industrial Area, Greater Noida
(Marble processing unit) having realized value of Rs.1200 lakh (approx).
2) First pari-passu charge over all the fixed assets including plant and
machinery situate at Plot No.4, Somnathpur, IDCO Industrial Estate,
Balasore, Orrisa (Mining location) having realized value of Rs.40 lakh
(approx).
3) First pari-passu charge over all the fixed assets including plant and
machinery situate at S-62/2, Industrial Estate, Asanabani, Rairangpur,
Dist.Mayurbhanj, Orrisa (Mining Location) having realized value of Rs.12

31
 lakh (approx).
4) First pari passu charge over all the fixed assets including plant and
machinery situate at 391-392, Naskarhat, South Khal, Para E.M. Bypass, P.S.
Tuhaka, Kolkata. (Mining Location) having realized value of Rs.400 lakh
(approx).

Proposed:
1) First pari-passu charge over all the fixed assets including plant and
machinery situated at I-63, Industrial area, Surajpur-5, Kasna, Greater Noida
(Marketing outlet) - Mortgage to be created valued at Rs.682.80 lakh.
2) First pari passu charge over all the fixed assets including plant and
machinery situated at B-57b, SIPCOT Industrial Complex, Gummudipoondi,
Tamil Nadu (Marble Processing Unit) –Mortgage to be created valued at Rs.
1011.50 lakh
Third Party Personal guarantees of Shri Rajesh Punia having networth of Rs.300.21 lakh
Guarantees
and Smt. Savita Punia having networth of Rs.182.76 lakh as on 31.12.08.
Events of Covenants constituting an event of default: In the event of any one of the
Default
following occurring it will trigger a review of the account. On such review the
bank will have the right to alter the terms and conditions of this sanction
including inter -alia (but not limited to) recall of facility.
Financials - No Negative variation of more than 10% between provisional &
audited results
- Current ratio not to fall below 1
- TOL/TNW not to go above 3.5 after 31-03-2009.
- Company does not incur cash loss.
- No default/cross default.
Others - There is cross default
- Significant management/marketing change
- Default with any other bank/FI/MF/lending institution.
Processing 0.50% of the sanctioned amount.
charges
Other 1) The borrower shall maintain adequate books of account, which should
Conditions
correctly reflect its financial position and scale of operation and should
not radically change its accounting system without notice to the bank.
2) The company shall route sales proceeds through IDBI on Pro-rata
basis.
3) The company shall create charge on fixed assets within 3 months from
the date of issue of LOI failing which a penal interest of 1% will be
charged on the outstanding amount.

32
4) The company shall furnish an undertaking that during the tenure of the
facility it shall not declare dividend on its share capital if it fails to
meet its obligations to pay the amounts due to IDBI, so long as the
default continues.
5) The company will keep IDBI informed about any change in the capital
structure and management setup during the currency of IDBI’s loan
facilities.
6) IDBI may assign or otherwise transfer the facilities (or the portion
thereof) to any third party and pursuant to which IDBI shall be entitled
to assign the security created herein with all or any rights under this
agreement without the prior consent of the borrower.
7) The borrower shall obtain adequate comprehensive insurance of the
securities mortgage with agreed banks clause,
8) It will submit to the Bank all financial statements, and returns
submitted to the Sales Tax and Income Tax authorities within three
months from the date of closure of the accounting year or as may be
required by the Bank from time to time.
9) Inspection: to be conducted quarterly. The company shall permit IDBI
to carry out technical, financial and legal inspections of the company’s
properties and to visit any facilities of the company and to examine
any plants, installations, sites, works, buildings, properties, equipment,
records and documents relevant to the performance of the obligations
of the company. The cost of inspection will be borne by the company.
10) Enhanced rate of interest at 2% will be charged on the excess drawings
in case any irregularity/breach is continuously less than 60 days, and if
it exceeds beyond 60 days, on the entire outstanding from the date of
irregularity/breach. Enhanced interest will be compounded monthly.
11) Penal interest of 1% will be charged on-
i. The entire outstanding for non-submission of renewal data
for the period of delay. The renewal data are requires to be
submitted to the bank by the company about 3 months from

33
 the expiry of validity period (which is 12 months from due
of sanction) of sanction of working capital limits.
ii. For non submission of stocks/book debts statements for the
month for which the statement is either not submitted or
submitted with delay, on the entire outstanding.
12) It shall not induct into its firm a person whose name appears in the
willful defaulter of the RBI/ CIBIL.
13) It will keep the bank informed of the happening of any event likely to
have substantial effect on their profit or business, if, for instance sales
are substantially less than what have been indicated to the bank, the
company will inform the Bank accordingly with explanations and
remedial steps proposed to be taken.
14) It will bear the expenses / charges of valuation of securities at the
discretion of the Bank.
15) The company shall deal with the consortium members exclusively and
will not open any account with any other Bank without prior
permission.
16) The firm will make no investments in any subsidiary/ associate
concerns by way of loans and advances or investments in shares
without prior consent of bank in writing.
17) The Bank will have the right to examine at all times the firm’s books
of accounts and to have the firm’s premises inspected from time to
time by officers of the Bank/ qualified auditors/ or technical experts/
or management consultants of the Banks choice. Cost of such
inspections shall be borne by the company.
18) The Bank reserves the right to withdraw the facility in event of any
change in circumstances including but not limited to a material change
in ownership / shareholding pattern / management of the company.
19) The Bank shall have right to securitize the secured assets and in the
event of such securitization the bank is not bound to send an individual
intimation as regard to the said securitization to the borrower and/ or

34
 guarantors.
20) If company defaults with any other Banks / FII / MF/Lending
institutions it will be considered a default and IDBI will have a right to
recall the facility to the Company.
21) The Bank will have the first charge on the profits of the company after
provisions for taxation or other repayment obligations if any, due from
the firm to the Bank.
22) In case of any default in repayment of the Loan/ Advances or in the
payment of interest thereon on the due dates by the borrower the Bank
and / or RBI will have an unqualified right to disclose or publish the
borrowers name / directors name the name of the company/ unit as
defaulter in such manner and through such medium as the bank or RBI
in their absolute discretion may think fit.
23) Pre-payment charges will be levied as per Banks guidelines from time
to time.
24) EM Charges / Allocation charges / Commitment Charges/ Inspection
charges / Documentation Charges etc to be recovered as per Banks
extant guidelines subject to change from time to time.
25) This sanction does not vest in anyone of the right to claim any damage
against the bank for any reason whatsoever.
26) In case the bank increase / decrease the rate of interest pursuant to
circular directives of RBI and/or as linked with BPLR of the Bank
issued / notified from time to time, the same shall be binding on the
borrower and the guarantors.
27) The Bank’s name board(s) should be displayed prominently in the
premises/godowns where stocks hypothecated to the bank are laying.
28) The company will submit to IDBI quarterly financials within 45 days
of the quarter ending and audited financials for the financial year
within 90 days of the financial year ending.
29) IDBI Bank’s exposure to be guaranteed by Shri Rajesh Punia and
Smt. Savita Punia.

35
 Due Date of After One year.
next
renewal/
review
Waivers if NA
any proposed
Documents: (i) For Consortium Limit: As per Consortium
(ii) Outside Consortium: As per Bank’s Norm/Guideline
Insurance
Assets to be Insured Risks to be covered Remarks
Primary and Goods to be fully and comprehensively The company has so
collateral security to insured against risk of fire, SRCC, etc. with far not insured its fixed
be insured for full bank clause. Place of storage to be assets with the Bank
value with agreed mentioned in the insurance policy Clause. The fixed
bank clause. assets to be insured
urgently.
Inspection Frequency

36
 Location of Unit/s Proposed Frequency Reasons for relaxation,
if any, proposed.
Registered and Monthly No relaxation in
Corporate Office: inspection frequency is
26/25, IInd floor, proposed.
Bazar Marg, Old
Rajindra Nagar, New
Delhi – 110060

Processing Units
(Marble Processing
Units):
1) D-3, Site-V,
Surjapur Industrial
Area, Greater Noida
(Marble Processing
Unit).
2) B(57)(b), SIPCOT
Ind. Complex
Gumidipoondi,
Thiruvallur, Tamil
Nadu

Granite Processing
Unit:
S-2/6, Industrial
Estate, Asanabani,
Rairangpur, Dist.
Mayurbhanj, Orissa

37
 Appendix – III

Income to be generate from CMS

For Day 0

Product Offered:

Pricing(Per Min. per inst. Return

Product Arrangement
‘000) (Rs) Chgs.
EXPHV Day 0 Rs. 0.17 NIL Rs. 25
Express (RBI/ NRBI – D-
Day 0 Rs. 0.17 NIL Rs. 25
1 Locs)
Express (NRBI – D-2
NA NA NA NA
Locs)
Swift NA NA NA NA
IRR NA NA NA NA
IMR NA NA NA NA
IMRQCC NA NA NA NA
IMRNQCC NA NA NA NA
IREM NA NA NA NA
CCASH NA NA NA NA
NCASH NA NA NA NA
Return Interest BPLR Drawee Bank charges -NA
Courier Pick up charges (Local products): NIL Debit Due to Expiry: NA
Courier Charges (Outstation products): NA Int. on IREM (fm paid date
to liq.date):
Cash pick up charges: NA >From Day
6 Total Expected CMS Net Income Rs 21995
7 Expected Current AccountFloat Rs NIL
8 Expected Current AccountFloat Income(calculated @ 6.5% p.a.) Rs NIL
9 Estimated Income (6+8) Rs 21995
10 Other Income, if any (pls. Specify) Rs NA
11 Total Estimated Income Rs 21995

38
For Day 1

Pricing (Per Min. per inst. Return

Product Arrangement
‘000) (Rs) Chgs.
EXPHV Day 1 NIL NIL Rs. 25
Express (RBI/ NRBI – D-1
Day 1 Rs. 0.07 NIL Rs. 25
Locs)
Express (NRBI – D-2 Locs) NA NA NA NA
Swift NA NA NA NA
IRR NA NA NA NA
IMR NA NA NA NA
IMRQCC NA NA NA NA
IMRNQCC NA NA NA NA
IREM NA NA NA NA
CCASH NA NA NA NA
NCASH NA NA NA NA
6 Total Expected CMS Net Income Rs53852
7 Expected Current AccountFloat Rs NIL
8 Expected Current AccountFloat Income (calculated @ 6.5% p.a.) Rs NIL
9 Estimated Income (6+8) Rs 53852
10 Other Income, if any (pls. Specify) Rs NA
11 Total Estimated Income Rs 53852

39