\

SUBMITTED BY SUBMITTED TO
ADVANCES SECTION BRANCH HEAD
JAGATPURA BRANCH JAGATPURA
JAIPUR JAIPUR
Ref No: MS CR RENEWAL 356-2015 Date: 28.02.2015

SUBJECT: RENEWAL WITH ENHANCEMENT WC LIMIT OF M/s WINCARE PHARMA

PROPOSED SOLE BANKING Existing Proposed

Sector SME- Asset Standard Standard

Priority-Mfg Classification
Sanctioning BRANCH ASC CODE S1 S1
Authority HEAD (L)
BSR Code 24203 CRR LR-III as per LR-III as per
Sector Code 10600 ABS 2014 ABS 2013
Scheme Code 60100
Basel Code 18000

I. Exposure.

Nature of Limit Existing Proposed

FUND BASED 00.00 9.00
NON FUND BASED –BULC +BG Nil Nil
TOTAL 00.00 9.00

II. Borrower profile

1 Name of the Borrower : M/s Amaira Garments
2 Nature of Activity / Line of : Trading
the business
3 i)Constitution : Proprietorship – Atul Mandal
ii) Whether listed Co. : No
4 Sector : Trading – SME Private
5 Standing : 2020
6 Banking With us since :
7 Group : Nil
8 Important changes in the : Nil
management in the relevant
period
9 Location: Regd. Office & : F 202-204, RIICO INDUSTRIAL AREA
Admin. Office & Works MANSAROVAR JAIPUR 302020
 M/S Amaira Garments
10 Availability of ECGC Gtee. : N/A
/Cover.
11 Share Holding Pattern: Proprietor
Particulars Net worth (`lacs) % share holding
Mr. Atul Mandal 50.00 100%
12 If any of the directors of the firm is/are interested / associated with any defaulting
companies per RBI defaulters list? If So, : NO
13 CIBIL:- S.N NAME RELATION MARKS REMARKS
1. ATUL MANDAL PROPRIETOR NO ADVERSE

The company CIBIL does not having any adverse remark

14 Exporters SAL List: N/A

III. Present proposal:

a. To permit Renewal of existing Working Capital Limit with enhancement for a period of
one year with the terms and condition mentioned here below and elsewhere in the
note:
(i) EXISTING FROM OUR BANK (Rs. in Lacs)
Nature of limit Limits Margin Liability Overdue
28.02.2015
CC
Total

PROPOSED (Rs. in Lacs)

Nature of Limit Amount Margin

Recommended by
branch
CC 25% on STOCK
9.00 Lakhs AND 50%
BOOK DEBTS
Fund base
Non Fund Based Nil
Total (FB)

b. Sanction terms sought:

Sl. No Terms Existing/Proposed
Purpose of Cash Credit For working capital requirement against
Limit Hypothecation of Raw Material, Stocks in
process, Finished goods etc. in the forms of
electrical equipments etc. and Book Debts
created out of genuine sales transaction.
01 Stock Statements/ BD /MSOD Statements
i. Simplified --
ii. Detailed DETAILED
02 Periodicity HALF YEARLY
03 Due Date for Submission of

2
 M/S Amaira Garments
i. Stock Statement 7th of Succeeding Month
ii. Book Debt Statement HALF YEARLY
04 Periodicity of Inspection of Stocks
i. Local HALF YEARLY
ii. Outstation HALF YEARLY
05 Age of Book Debts 90 DAYS

III c) Other Permissions/Proposals:

 Nil

III. e) Allotment of ASC Code:

Permit to continue to ASC Code S 1 to the subject company

III. f) Rate of interest recommended: As per HO CIR 668/2013
For WC Limit
i) Existing ROI 8.90% (Floating) i.E. RLLR+1.25%. As
per HO CIR ……….. (MSME Cap
scheme) as account has been rated as
Normal Risk as per ABS 2014.

Subject to change from time to time as

per HO guidelines.

I. DETAILS OF SECURITIES: (Rs. in lacs)

Nature of Security Value Nature of charge
1. a) Prime
Stocks of Raw Material, WIP, Rs. 13.89 lacs as per BS Hypo.- First charge
Finished Goods & Other
Consumable Stores
Book Debts Rs 5.00 lacs as per BS Hypo.- First charge
2. Collaterals CGTMSE COVER

. 3) Personal Guarantee of the following:

SL Name of the Guarantor Relation Net worth

Based on NF 589
1 CGTMSE COVER

4) Corporate Guarantee/ Govt. Guarantee: NA

IV. BACKGROUND OF THE BORROWER

M/S Amaira Garments was established in 2020 as proprietorship firm by Mr.Atul Mandal. The
factory of the firm is situated at F 202-204, RIICO INDUSTRIAL AREA MANSAROVAR
JAIPUR. The firm is involved in Manufacturing of all types of wearing clothes. The brand name of
the company is Amaira.

The company will be connected with many online apps like Amazon Flipkart Myntra and sale
there products through them.
3
 M/S Amaira Garments

The father of the proprietor Shri Shyam Mandal is in the business for more than 20 years and
having long term relationship with dealers who purchase the final product of the firm. The firm
has secured an order of 5000 dresses with is attached, hence this proposal is for working capital
for procurement of cloth and other required raw material. The other orders worth Rs. 30 lakhs
are in hand of the firm, hence the production for the next three months is packed with and
factory is working with its full capacity.

The future plans of the firm to purchase of embroidery machine, which will be taken up after
increase of term over. The monitoring will be done through the monthly GST return and stock
statements.

Shri Shyam Mandal, the father of the proprietor is quite a popular name in the area of RICCO
Mansarovar and Shri Atul Mandal is a young and dynamic entrepreneur with good future plans.

The firm has its distribution network spread all most all over Rajasthan and India. It will be
supply offline and online both.

During the ASSESMENT Year 2022, the firm estimates there turnover of Rs. 90 lacs with a net
profit margin of 6.26%. The Firm is projecting to achieve a turnover of Rs.108.30 Cr.

II. SELECTED FINANCIAL INDICATORS WITH DETAILED COMMENTS:

KEY FINANCIAL INDICATORS

Name
: M/S Amaira Garments

Sr. Parameters ESTIMATED ESTIMATED Projected Projected

No.
2021 2022 2023 2024
  Number of months 12 12 12 12
1 Tengibal Net Worth 32.54 53.39 80.64 115.15
2 Capital Employed 32.54 53.39 80.64 115.15
3 Sales 50.00 90.00 108.90 132.86
4 Cost of Goods Sold 25.79 63.72 75.87 92.06
5 Gross Profit 24.21 26.28 33.03 40.80
6 .Current Liabilities 15.80 26.79 27.64 29.34
7 .Current Assets 48.64 80.18 108.27 144.49
8 Net Current Assets 32.84 53.39 80.63 115.15
9 Accounts Recivable 5.00 13.50 10.90 13.29
10 Credit For Purchase 4.15 6.84 7.64 9.30
11 Purchase 37.21 66.45 79.04 96.28

12 Inventories 13.89 16.62 19.79 24.01

13 Interest on CC A/c 0.23 0.81 0.91 1.04

14 Net Profit 22.97 21.58 28.28 35.84

4
 M/S Amaira Garments
15 Non Trading Income 0.00 0.00 0.00 0.00
16  Operating Profit 22.97 21.58 28.28 35.84
17 Total Liabilities 15.80 26.79 27.64 29.34
RATIOS
18 Gross profit/Sales E/C 48.42% 29.20% 30.33% 30.71%
19 Net profit/Net worth N/A 70.59% 40.42% 35.07% 31.12%
Operating profit/Capital
20 70.59% 70.59% 40.42% 31.12%
Employed P/B
21 Net profit/Sales N/S 45.93% 23.98% 23.98% 26.97%
Current Assets/Current
22 3.08 2.99 3.92 4.92
Liabilities G/F
23 Sales/Tangibal Net Worth C/A 1.54 1.69 1.35 1.15
Total Liabilities/ Tangibal Net
24 0.46 0.50 0.34 0.25
Worth Q/A
Inventory/Sales L/C 0.28 0.18 0.18 0.18
25
- In term of days 100 66 65 65
Creditors/Purchases J/K 0.11 0.10 0.10 0.10
26
-In term of days 40 37 35 35
Recevables/Sales I/C 0.10 0.15 0.10 0.10
27
-In term of days 36 54 36 36
Comments on financials of the proposed project:

Capital & Net Worth:

The Capital is having increasing trend and every year it is increasing. And accordingly the
networth is also increasing.

CR:
The current ratio is 3.08:1 which is higher than the bench mark level and revealing good liquidity
in the business.

Sales & Net Profit:

The party has projected turnover of 50 lakhs out of which 30 lakhs orders are in hand and seems
achievable during the current FY.

Profitability:

There is a good margin in garment business which is reflecting more than 40% since the cost of
raw material is low but after stitching, the price of the dress become high due to special affects by
the designers and special type of embroidery.

TOL: TNW:
TOL: TNW ratio is less than 1 which is lower than the bench mark of 2:1 as at 31.03.2014.

Holding Levels:
 Holding levels are within permissible norms. Holding levels are further projected to improve.

Other financial indicators are estimated to be comfortable / satisfactory.

5
M/S Amaira Garments
III. ASSESSMENT OF WORKING CAPITAL LIMIT:
1) Current trend: Rs. In lac
Sales – Estimated for 2021-22 Rs. 50 lacs
Actual- up to Jan 2015 New Incorporation
Comments on pro rata New Incorporation

The prorate achievement is near to the achievement and party is confident of achieving the projected
turnover.
2) Fund Based
The firm, being SME unit and seeking Fund Based Working Capital limit below Rs. 9.00 lacs,
hence is eligible to be assessed as per Turnover Method.

Working in this regard is as follows-

(In Lacs)
TURNOVER METHOD 31.03.21
1. Estimated Sales 50.00
2. 25% of Sales 12.50
3. 5% of Sales 2.50
4. Item 2 – 4 10.00

As per turn over method maximum bank finance of 10.00 lacs may be accepted. Whereas the party has
accepted working capital limit of Rs 9.00 lakhs which seems to be reasonable and recommended for
sanction working capital limit of Rs 9.00 lakhs.

VII. VALUE OF THE ACCOUNT:

(Amount in Rs.)
PERIOD INTEREST COMMISSION
New Account

V. Section Recommendations:
In view of:
A. Reputed client and good orders in hand
B. Achievable turnover of 50 lakhs
C. Eligible for the requested working capital requirement as per turnover method.
D. Exposure convered under CGTMSE GUARANTEE cover
E. Young and dynamic entrepreneur with support of experienced family background

We recommend to consider the followings:

PERMIT NHANCEMENT FRESH WORKING CAPITAL LIMIT OF Rs 9.00 LAKHS

Recommending officer

Orders of the Branch Head

Branch Head