Deal Description

Funding for Operational NPA units in India, preferably in the manufacturing sector.
• ROI of 2% p.m. (reducing balance). Only interest amount to be paid from the first month – no moratorium.
• Tenure:
     1. For NPA account – 2+1 years.
     2. For WC – depends on the performance of the business.
• Profit share – to be decided in case the company is unable able to serve 2% p.m.
• Additional working capital can be provided.
• Processing charges of Rs. 21 lakhs closing fees of 12% (milestone based).
• No pre-closure charges.

Information required:

1. KYC documents of trust/company/society
2. KYC documents of Directors/ Trustees/ Guarantors
3. Loan Agreement executed between the lender and borrower
4. Mortgage of title deeds
5. Property papers mortgage
6. Valuation of Properties
7. Guarantor’s documents
8. Any reports of fraud/ complaints against the borrowers and guarantors
9. Date of NPA
10. Action /legal course taken for recovery from the borrowers and guarantors
11. Letter of OTS
12. Charges levied on ROC / registration of trust or society, if any.
13. Any other information required for due diligence must for assessment of accounts.
14. Last Six (6) months any running loans taken/investment taken which are not part of the balance sheets (secured or unsecured)
15. Details of the project for which the funds are required with order book and revival plan.

The title documents of the property are already mortgaged with the bank must be freehold and must convey equitable title for mortgaging the same to the to the ARC. The sole discretion to accept or reject the title documents shall vest with ARC. Margin money of 25% of the total exposure of the loan amount required.

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