The Citizen Co-operative Society Ltd

HEAD OFFICE: SAROORNAGAR, HYDERABAD-500 035

LOAN APPRAISAL
Powers : HEAD OFFICE Note No. Date /09/2019
Branch : Bhavani Puram, Asset Classification Standard
Vijayawada

I.PARTICULARS OF THE BORROWER:

Name of the borrower : M/s. Sai Srinivasa Constructions.
Address : #4-10-28/2, 3rd Lane, Naidupet, Beside Annadana
Satram, Amaravathi Road, Guntur– 522007
Constitution : Partnership Firm
Date of incorporation : 2017
Line of Activity : Construction & Real Estates
Dealings with our Society since : New Account

PERSONAL INFORMATION OF THE APPLICANTS

S.No Information in Detail Applicant-1 Applicant-2

a Full name of the applicant Mr. Srikanth Rayapati Ms. Sowjanya Rayapati
Farther’s Name S/O Mastan Rao R W/O Srikanth Rayapati
Age – Years 45Y 36Y
Qualification B.A B.Sc
PAN Number AJXPR4583M BJKPR7043E
GST 37ADGFS3830H1ZZ 37ADGFS3830H1ZZ
Aadhaar No: 708626572732 976134321469
Residential address D.No.5-215, East Streets, D.No.5-215, East Streets,
Thulluru (Post & Mandal), Thulluru (Post &
Guntur Dist – 522 237 Mandal), Guntur Dist –
522 237
Business / Plant Address Site Office, Site Office,
Peddapalakaluru Road, Peddapalakaluru Road,
Rice mill Road, Rice mill Road,
Gujjanagundla, Guntur Gujjanagundla, Guntur
Number of dependents 1 1
Contact Number +91 8886565665 +91 9010277988
Employment Particulars Self-Employed Self-Employed
Company - -

Address --
Office Tel.number --
Designation Managing Partner Partner
Purpose of loan To Finish the Current
running Construction
Project at Palakaluru Road
Amount of Loan required Rs. 70.00 lakhs
Existing Liabilities with - -
Others

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 Particulars of Security Offered Flat Nos. 102, 402, 502 & Flat Nos. 102, 402, 502 &
403,Srinivasam Residential 403,Srinivasam
Apartments, Residential Apartments,
Peddapalakaluru Road, Peddapalakaluru Road,
Rice mill Road, Rice mill Road,
Gujjanagundla, Guntur Gujjanagundla, Guntur
Bank Balance as on 16.09.19 18,000 (Roundoff) 10,000 (Roundoff)
LIC Policies Held 5,00,000 3,00,000
Gold & Jewellery 10,00,000 15,00,000
Land/Flat 1,40,00,000 – Joint Property 1,40,00,000– Joint Property
Bank Accounts with Vijaya Bank Vijaya Bank
Account Number 414801011000629 414801011001234

PERSONAL INFORMATION OF CO_OBLIGANTS/GUARANTOR

Name Alapati Suman Babu
Father’s name / S/o Late Narasimha Rao
Husband Name
Residential Address Flat No.103, Ghandarva
Towers, Vankamamidivari
Street, Nazerpet, Tenali,
Guntur
Permanent Address -DO--
Employment Self
Information
Firm’s name College Canteen
Address Tenali
Designation Proprietor
Nature of Business Canteen for students
Relationship with Friend
Applicant
Contact Number +918328596989

2. Details of existing and proposed limits with our bank: Rs in lakhs

FACILITY EXISTING O/S AS ON DP/OD PROPOSED RATE OF INTEREST
LIMIT LIMIT
EXISTIN PROPOSED
G
Term Loan 35.00 - 15.00%
SOD 35.00 - 15.50%

Security Details (Summary)

Sl.No. Name of the Owners Short details of Property Value (Rs in
lakhs)
1 Rayapati Srikanth & Residential Apartment Flats situated Rs. 140.00
Rayapati Sowjanya at Peddapalakaluru Road having Flat lakhs
Nos. 102, 402, 502 & 403 at Srinivasam
Residential Apartments,
Peddapalakaluru Road, Rice mill
Road, Gujjanagundla, Guntur to the
ext of 1050 sq fts, 1050 sq fts, 1050 sq
fts, 1475 sq fts.,

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III. BRIEF HISTORY:

Sri Srikanth Rayapati and , Smt. Sowjanya Rayapati are spouses only
and Residents of Thulluru. The both persons are educated and having well
experience in the business line. They are running business in the name of M/s
Sai Srinivasa Constructions. All the business license are in the name of
Rayapati Srikanth & Rayapati Sowjanya.

The main activity of the business is the Construction of Buildings, Real

estates and other contract works. The Construction of Bulidings is for
Residential purpose at Palakaluru Road and doing real estates activites in
Andhra Pradesh. It includes other contract works like construction residential
houses for Individuals in Andhra Pradesh.

The applicants are wish to Provide the works all over in Andhra
Pradesh., Hence they require funds to finish present running construction
project at palakaluru. They approached and request to sanction an amount of
Rs. 35.00 lakhs as term loan and Rs. 35.00 Lakhs as Overdraft facility with
repayment of 84 EMI. For this proposed loan they are offering residential
vacant land to the ext of 4625 sq fts., worth of Rs. 140.00 lakhs. The
coverage value is equal to 200%

The applicant submitted repayment schedule and other detail for

coming seven years. The Average DSCR is 2.41 times – All other financials
are satisfactory. AND also submitted Income tax returns for the last three
years of both the applicants and Co – obligates

The other details are as follows:

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Present Reference:

Party requesting to sanction an amount of Rs. 35.00 lakhs as term loan &
Rs. 35.00 Lakhs as Overdraft facility to with repayment of 84 EMI. For this he
is offering Residential Apartment Flats property which covers equal to 200%.

Views and Observations:

 Party is having well experience in business activity

 Security offering residential apartment flats coverage is also
equal to two times of loan
 Estimation and projection all are within the norms

Based on all observations we are here with recommending to sanction the

following limits for a period seven years.

FACILITY EXISTING O/S AS ON DP/OD PROPOSED RATE OF INTEREST

LIMIT /07/2017 LIMIT
EXISTIN PROPOSED
G
Term Loan 35.00 15.00%
OD 35.00 15.50%

PARTICULARS OF ASSOCIATE CONCERNS DEALING WITH BAKS ..NIL..

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 Name of Name of Facility Limit Outstanding Over- Sanctioning
Concern/ the as on dues Authority
Activity Bank
--

VIEWS AND RECOMMENDATIONS OF THE APPRAISING AUTHORITY:

 Party is having well experience in business activity

 Security offering residential apartment flats is also equals to
two times of loan
 The firm is having increase trend of turnover and running with
profits only.
 The proprietor and spouse are in the business field and having
good relations in the market.
 Estimation and projection all are within the norms

We recommend to sanction an amount of RS. 35.00 lakhs as term loan

& Rs. 35.00 lakhs as Overdraft facility with repayment of 84 EMIs.

RECOMMENDATIONS

In view of the above we recommend for sanction of the following credit facilities to
the party.

1. Facility : Term loan

Limit : Rs. 35.00 lakhs
Purpose : To Finish the Current running Construction Project at
Palakaluru Road
Security : Residential Apartment Flats worth Rs. 140.00 lakhs
Tenor : Seven years
Interest : 15.00%
Guarantors : Alapati Suman Babu

2. Facility : Over Draft

Limit : Rs. 35.00 lakhs
Purpose : For working capital of the business
Security : Residential Apartment Flats worth Rs. 140.00lakhs
Tenor : Seven years
Interest : 15.50
Guarantors : Alapati Suman Babu

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 Annexure 1
Securities

S.No Security-1
1 Name of the property Rayapati Srikanth & Rayapati Sowjanya
owner
2 Description of property Residential Apartment Flats situated at
Peddapalakaluru Road having Flat Nos. 102, 402, 502
& 403 at Srinivasam Residential Apartments,
Peddapalakaluru Road, Rice mill Road,
Gujjanagundla, Guntur to the ext of 1050 sq fts, 1050
sq fts, 1050 sq fts, 1475 sq fts.,
3 Boundaries North Property of Raya Pullareddy

East 30`ft Wide Road

West Property of Patibandla Koteswararao etc.,

South Property of others Soldout by Gudapati

Venkateswarlu
4 Extent of Property Land 4625.00 sq fts
5 Constructed area in Sq Ft
6 Sy. Number/H.No. D.No 350/2C2
7 Value Rs. 140.00 lakhs
8 Value as per Approved Rs. 140.00 Lakhs
Engineer’s valuation
9 Date of Society’s 18/09/2019
official’s Visit Report
10 Whether Legal opinion on Yes, EC enclosed
the property is clear
11 Monthly/Yearly Income
On the property
12 Any liabilities on the NIL
property

Annexure II
Repayment Sources

The sources to repay the loan amount along with interest are as follows.

Source I

Financial Year Srikanth Rayapati Sowjanya Alapati Suman Babu

2018-19 652188 523945 309458
2017-18 649783 521420 308630
2016-17 553600 453000 303550
2015-16 534300 389600 299650
Copies of IT Returns furnished are available and the same are perused.

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Source II ..N.A…

The details of the project proposed to be taken up by the company are as under:

Project
Basis of Construction
Total No. of Flats Proposed
Land owner
Land area
Total built up area
Developers' share
Land Owner's share
Implementation period
Total saleable area
Sale price per sft Rs
Total sales value
Sales realization
Year
2016-17 0%
2017-18 30%
2018-19 70%
Expected profit (Rs in lakhs) 8%

Remarks: