Approval of restructuring package in favour of _________________as under :

1. Cut off Date fixed at 31st March 2014.

2. Entire interest irregularity in Term Loan as on 31-03-2014 amounting to Rs.
11.94 Lacs will be paid from own source before implementation of
restructuring package.
3. Out of total CC (H) Limit Rs. 1800.00 lakh, Rs. 800.00 lakh be converted into
WCTL repayable in 60 monthly ballooning installments w.e.f. April16. (24
installments of Rs. 10.00 lakh, 24 installments of Rs. 14.00 Lakh and 12
Installments of Rs.18.67 lakh).
4. Residual CC (H) Limit Rs. 1000.00 lakh be continued for working capital
finance. Interest to be served as & when levied on monthly basis.
5. Principal Term Loan O/s Rs. 404.83 Lakh to be repayable in 60 monthly
ballooning installments w.e.f. April16. (24 installments of Rs.5.00 lakh, 24
installments of Rs. 7.00 Lakh and 12 Installments of Rs.9.75 lakh).
6. Future Interest in Term Loan, WCTL and all FITLs up to Mar16 amounting Rs.
356.66 lakh be converted into FITL I to be repayable in 60 monthly ballooning
installments w.e.f. April 2016. (24 installments of Rs. 5.00 lakh, 24
installments of Rs.6.50 Lakh and 12 Installments of Rs. 6.72 lakh). Interest in
TL, WCTL and all FITLs to be served as & when levied w.e.f. April16.
7. To consider charging of interest as under:
i. Cash Credit Account: Base Rate plus 2.75% (linked to base rate) i.e.
13%.
ii. TL, WCTL & FITL: Base Rate plus 2.75% plus tp (0.50%) (linked to
base rate) i.e. 13.50%.
iii. Cash Credit account Margin are asunder:
For Stock @ 20%
For Book-debts @ 30% up to 120 days
Letter of Credit @ 10%
iv.

Cash Credit Limit of Rs. 10.00 Crores with sub limit of Letter of

Credit Rs. 3.00 Crores

within over all limit of Rs. 10.00 Crores with 90 days D.A.
v.

Also Drawing Power shall be allowed against Stocks, Spares/Rolls or

Book debts
without any rider or sub limits.
8. The company shall abide with Right to Recompense as per the guidelines of
Reserve Bank of India.

9. Existing Primary Security, Collateral Security and Personal Guarantees of

Directors to be continued.
10.Company shall maintain by way of unsecured loans of Rs. 300.00 Lakh during
2014-2015 onwards and not to be withdrawn during currency of banks loan.
11.Companys entire transactions to be routed through CC (H) account and all
current accounts be closed with immediate effect. Penal interest of 2% be
levied in case of non compliance.
12.Provision on account of diminution in fair value of the advance has to be
computed as per the RBI guidelines.
13.Debtor-Creditor Agreement (DCA) with standstill clause be executed in terms
of prescribed performa.
14.In case of default- 2% penal interest would be charged over and above
prevailing normal rate, which would be applied on the amount of default for
the period of default in the event of the unit achieving the projections but
defaulting in payment of principal/interest.
15.The bank shall have the right to recompense i.e. recovery of the sacrifice
made by it after the unit becomes profitable and all the term loans
outstanding at the time of restructuring and sanctioned as a part of
restructuring package have been repaid.
16.Charge on existing securities (primary & collaterals) be extended for
restructured advance.

Crystallized Liability (Cut of date-31.03.2014) (Rs. in Lakh)

Sanction
limit
i)
ii)
iii)
iv)
v)

DP

O/s as at
CC
WCTL
FITL
TL
31.03.20
Proposed Exposure Style
14
1838.73 1000.00 800.00
---

CC
1800.00
(H)
Term
675.00
440.85
Loan
Future Interest in TL up to Mar16
Future Interest in WCTL up to Mar16
Future Interest in FITLs up to Mar16
Total

--

--

--

404.83

--112.09
---244.57
-----1000. 800.00 356.66 404.83
00
Gross Exposure Rs. 2561.49 Lakh

17.The account be retained in standard category on restructuring, should be

dealt as per extant IRAC Norms only when all the outstanding loan/facilities in
the account perform satisfactorily during the specified period i.e.

principal and interest on all facilities in the account are serviced as per terms
of payment during that period.
Specified Period means a period of two year from the commencement of the
first payment of interest or principal, whichever is later, on the credit facility
with longest period of moratorium under the terms of restructuring package.
Satisfactory Performance Satisfactory performance during the specified
period means adherence to the following conditions during that period.
a) Cash Credit Accounts
The account should not be out of order any time during the specified
period, for a duration of more than 90 days. In addition, there should
not be any overdues at the end of the specified period.
b) Term Loan Accounts
No payment should remain overdue for a period of more than 90 days.
In addition there should not be any overdues at the end of the
specified period.
c) In case, however, satisfactory performance after the specified period is not
evidenced, the asset classification of the restructured account would be
governed as per the applicable prudential norms with reference to the prerestructuring payment schedule.