CREDIT APPLICATION
(cover page)
BORROWER Bajaj Electricals Ltd.
BRANCH
DATE OF C.A.
C.A. REFERENCE NO.
CUSTOMER ID
RELATIONSHIP MANAGER
APPROVING CREDIT COMMITTEE * IA / IB / II / III / IV / Board
DATE OF DISPOSAL BY C.C. *
NATURE OF DISPOSAL * Approved as recommended / Approved with modifications / Deferred / Declined
RESOLUTION REFERENCE NO. *
REPORTED TO NEXT LEVEL ON *
IDBI BANK LTD
RECOMMENDATION *
REGIONAL HEAD / CORPORATE BANKING, CORPORATE OFFICE
RECOMMENDATION OF RH:
BAJAJ Electricals is a white goods company working under BAJAJ group. It has a good growth prospects with expected turnover of Rs. 2000 Crores by FY10. Turnover of the company is expected to grow at more than 25%. The company has a good credit history. It is planning some acquisitions and major expansions in future years and may need loans for the same. Liquidity conditions of the company are good. The White Goods Consumer Durables industry was one of the few industries which grew even in the period of recession and is also expected to have good growth in future years.
Considering the same, we propose giving loans to the company in terms of Project Finance to finance expansion of the acquired company, Letter of Credit to finance Fixed Assets purchase and Bank Guarantee to finance future projects
ADDITIONAL CONDITIONS PROPOSED BY RH:
As we are not in the consortium of the company’s banks, we will give a limited exposure to the company and give secured loans.
(REGIONAL HEAD)
RECOMM ...