Date: 26.09.

2017

To,
The Relationship Manager,
Aditya Birla.
Surat.

Subject: Refund for the excess amount debited from the account.
Ref: Loan Account Number XMERSPR00063559.

Dear Sir,

With reference to the above mentioned subject, we M/s Paresh Enterprise have availed Loan against
Property of Rs. 3,03,00,000/- crore from your esteem organization. We have been disbursed amount of
Rs. 2,97,40,365/- as on 09.09.2015.

We would like to bring in your notice that as per our knowledge we have found the below mentioned
discrepancies in our loan.

1. Excess Term Loan Interest: -

As per the sanction letter (Loan Agreement Number: XMERSPR00063559) dated 18/09/2015
your financial institute has sanctioned loan of Rs. 3,03,00,000/- @ 13% and the same was
disburse on 9/09/2015. As per the repayment schedule submitted to us our first EMI was due on
01/10/2015 of Rs. 4,52,412/-.

According to our calculation the interest due for 22 days should be as under:
Sr. No. Particulars Remarks
1. Loan Amount 3,03,00,000/-
2. Rate of Interest 13%
3. Loan Disburse date 9/09/2015
4. First EMI Due Date 1/10/2015
5. No. of days for which EMI is Due 22 Days (From 9/09/2015 to 30/09/2015)
6. Interest as per our calculation: -
(a) Interest per Annum 39,39,000/- (3,03,00,000 X 13%)

(b) Interest for 22 days 2,37,419/- (39,39,000/- 365 days X 22 days)

7. Interest as per EMI Sheet 3,28,250/-
8. Excess Interest charged (7-6) 90,831/-

We have enclosed Copy of Sanction letter, EMI Sheet, Loan Statement for your ready reference.
 2. TDS matter: -

We have found that as per our repayment schedule, Installment-1 & 2 of Rs. 4,52,412/- each have been
debited from our bank without deducting TDS as per the income tax rule. Total excess amount debited
of Rs. 65,516/-.

Sr. Date EMI TDS Net EMI EMI Debited TDS Remark
No. Amount Amount to be as per loan Amount
(In Rs.) (@10% of debited Statement refundable
interest) to us
(5)-(4)
(1) (2) (3) (4) (5) (6)
1. 01.10.2015 4,52,412 32,825 4,19,587 4,52,412 32,825 Chq No.
577977
2. 02.11.2015 4,52,412 32,691 4,19,721 4,52,412 32,691 ECS
TOTAL 65,516

3. Insurance Matter: -

As per the Terms and Conditions of the sanction letter, our Insurance Charges are Nil against which our
account has been debited with Rs. 3,00,000/- for Insurance Charges dated 09.09.2015 against which the
refund process was initiated and our account was credited of Rs. 1,50,000/- as on 20.01.2016. Again our
account was debited with Rs. 1,50,000/- vide cheque no. 060086 as on 25.01.2016. We have hereby
enclosed the loan statement highlighting the matter. Kindly look into the matter and initiate the refund
of Rs. 3,00,000/- debited from our account.

Sr. Date Particulars Amount Amount

No. (Dr) (Cr)
1. 09/09/2015 Insurance Premium 3,00,000 -
2. 20/01/2016 Insurance Premium refund - 1,50,000
3. 20/01/2016 Insurance Premium 1,50,000 -
4.
5.
6.