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APPLICATION FOR ACCOMMODATION
STATE BANK OF INDIA
HEAD OFFICE : BANDRA KURLA COMPLEX.
Mumbai – 400051
To, 15thFebruary, 2017.
The Agent,
STATE BANK OF INDIA
Duncon Street Branch
Dear Sir,
We beg to apply for a Loan/Cash Credit accommodation against securities and under terms and conditions as mentioned below. We also give the required particulars about ourselves to enable you to arrived at your decision.
1 Applicant’s Name full – M/S SRIPATI TRADERS (P) LTD.
2 * Constitution of the applicant.- PRIVATELIMITED COMPANY
Directors
1. Mr. R.C. PUJARA
Head Office – 1. AZAD ROAD, 9TH FLOOR, Mumbai-400011
3 (a) Nature of business carried on – TRADING IN KNITTED COTTON GARMENTS, FABRICS, ETC.
(b) Place of business – Regd. Office : 1. AZAD ROAD, 9TH FLOOR, Mumbai-400011
(c) Estd— 1996
4 Statement of financial position as on 31.03.2002
LIABILITIES ASSETS Rs. Lacs
Capital | 12.00 | Land & Building | Nil |
Trade Creditors | 4.81 | Plant & Machinery | Nil |
Other Creditors | 0.69 | Stock-in-Trade | Nil |
Bank Credit | 0.00 | Sundry Debtors | Nil |
Long Term Loan | 0.00 | Unquoted Investment | 82.08 |
Surplus | 88.01 | Cash-in-hand & in Bank | 13.02 |
Others | 0.00 | Advances | 10.41 |
Others | 0.00 | ||
Total | 105.51 | 105.51 |
5 Nature of facility required and terms offered
(i) Nature of charge: 1st charge on current assets
(ii) Limit - LC Limit of Rs. 75 lacs
(iii) Margin –5%
(iv) Interest – As per Fedai/ SBI guidelines applicable
(v) Commission – As applicable
(vi) Other charges- As applicable
The goods are stored in the godown rented by the Company.
6 Particulars of Securities offered :
a. Primary: First charge on the current assets of the company both
present and future
b. Additional: Equitable Mortgage of land measuring 5 cotta situated
at Bonchtolla, Tiljala, Mumbai valuing at Rs. 50 Lacs, belonging to Puspa Traders (P) Ltd.
7 Purpose of accommodation – To finance purchase of materials by the
company.
8 How proposed to be repaid and period
For which accommodation is required
Letter of Credit will be liquidated against realization of bill
9 (a) any accommodation, whether under Loan,
Cash Credit, Overdraft or Bills discounting
enjoyed at this Branch or any other branch NOT APPLICABLE
of the Bank (State particulars of arrangement,
giving amount of present indebtedness with
securities held there against.)
(b) State particulars of any account and/or
arrangement for accommodation with other NOT APPLICABLE
Bank (s).
10 (a) Name of the guarantor (s) if any – NOT APPLICABLE
(b) The guarantor (s) occupation, address, and worth.
(c) Name and address of his/their Bankers –
Rs./Lacs
2000 | 2001 | 2002 | |||
11 | Sales, Gross Income, Net Income Import & Export (if any) for last Three years. | Sales Gross Income Net Income (Interest) Export Import | 126.78 0.20 0.20 Nil Nil Nil | 642.45 0.45 0.45 Nil Nil Nil | 70.00 0.50 0.50 Nil Nil |
12 | Income-tax, Super Profit tax, Wealth Tax assessed and or paid for the last Three years. | Income Tax and other taxes assessed Income Tax and otherTaxes paid | 0.08 0.08 | 0.18 0.18 | 0.18 0.18 |
13 | Other particulars, if any, which the Applicant wishes to give- (Mention particularly if Import/Export bills are paced with the Bank and letters Credit opened through this Bank. Mention also particulars of personal Assets outside the business in a separate Sheet, if necessary) | NIL | NIL | NIL | NIL |
I/We hereby declare that I / We have read the rules below and that the answers given above are true and I / We hold myself/ourselves personally liable if any of the above information is found to be incorrect later. I/We declare the no part of the advance will be utilized for speculative and/or anti-social purpose.
For SRIPATI TRADERS (P) LTD.
Authorised Signatory
Date
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