FROMAT NO II

h:

FORMAT FOR REVIEW OF OVERDRAFT UNDER BTL

Name of Borrower/Applicant
Name of Borrower/s

Worth
(Rs in Lacs)

M/S
Name of the Partners
1
2
3
TOTAL
Guarantors Name:
1
2
3
Issue for consideration: In case of firm already in our books:
Position of account as on :
Facility
Fund Based
OD under BTL
Non Fund Based
Business Activity
Date of
Documents/LAD
Date of original
sanction
Date of last review
Due Date of Review

Limit

Value of Security/DateOutstanding as On

Reason for not

reviewing the facility on
time (if applicable)

Insurance
Comment on the
Satisfactory
Conduct of Accounts

Summary of
Performance

OD Under BTL

Actuals of
Estimated for
Previous Two years upto Current Year

(Rs. In Lacs)
Projections

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Total Sales
Total Purchase
Net Profit
Current Year
Sales
Sales Tax/VAT
Assessment
Order dated
SalesTax/VAT
Return dated

.for the year

for the year

Deviation sought in the a/c

a) If Yes, Detail of Deviation

Rs na
Rs..

No

b) Approval No. / Date

(Rs. In Lacs)
Inspection of residence/ office/ Showroom/immovable property:

Date of visit
Adverse
comments, if
any
Computation of Limit

OD Under BTL

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1) Last years Actual Sales

2)Current years sales during the completed months
3)Current year Annualized Sales
Completed Months x 12 / Completed Months
4) Projected Sales ( as on 31.03.1)
5) Accepted Projected Sales for 201
6) 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 less
Total
Particulars
of Limit

Nature of
Facility

Nature of
Security

Value of
Security
(Rs. In Lacs)

Limit
(Rs. In Lacs)

Sanctioned/Reviea) Overw Recommended draft

b) Term
Loan
Total
Repayment Schedule
On Demand
Major terms & conditions
As under
Rate 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 RBIs directives/banks 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 10 th
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

OD Under BTL

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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
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 Banks 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

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