Annexure-II

COMMON FORMAT FOR REPORTING OF IRREGULARITY / DEFAULT AND

STRESSED ASSETS (SMAs)

CORRECTIVE ACTION PLAN FOR STRESSED ASSETS (CAPSA)

Memorandum for Reporting of Irregularity / Default / SMA, submitted to…………..

(Delete whichever is not applicable)

Category SMA-0, SMA-I & SMA-2, Sub-Standard

Circle/Group AMARAVATI
Branch MANGALAGIRI
Name of the Borrower M/s Titan Ready Mix Concrete
Status of Borrower (Willful /NonCooperative No record found
/ CIC / CRILIC etc.)
Segment SSI
Date of last Sanction / Renewal / Review 14/08/2018
Sanctioning Authority Regional Credit Committee
Date of default/irregularity in the account 01/07/19
No. of days’ account is in the default/ 31
irregular during the month under reporting
Total no. of days’ account has been in IRAC 1: 82
default/irregular in current FY IRAC 2 : 4
IRAC 3 : 2
SMA Category 2
Date of Last SMA reporting, if applicable Not applicable
Documents Valid Till 30/08/21
Date of Last Inspection 02/08/19
Date of last stock &receivable audit ---

1 Name and Address of the Borrower M/s Titan Ready Mix Concrete
Group &CEO Mg partner : M RAVI KUMAR
Location of Regd. Office &factory Regd. Office:FLAT NO.502 SRI KESAVA
HEIGHTS, PANTAKALUVA ROAD PATAMATA,
VIJAYAWADA
Constitution Partnership
Date of Incorporation 26/07/2018
Banking with us since 13/06/2018
Banking Arrangement sole
CRA/ECR SB - 7
2 Industry Manufacturing
Line of Activity Ready Mix Concrete plant

3. Financial Arrangement: MBA/ Sole banking/ Consortium (Lead Bank:……..)

Indebtedness Existing Proposed Name of the Share %
Bank
FBWC 0 1.00 Cr SBI 100.00%
Term Loan 0 3.25 Cr
NFBWC ----- ----- Others -----
Investment ----- -----
Total 0 Cr 4.25 Cr Total 100.00%

• Other Group Companies- Brief Details

Name of the FB NFB Limits CRA SMA IRAC Date of last
Company Limits Category renewal / sanction
(If, banking with us)
NIL

• Position of accounts as on 01.08.2019 :

Rs. In Cr
Fund Limit Drawing Outstandin Irregular/ Outstanding Irregular/ Current Irregular /
Based power g Default (ason Default Amount Outstanding Default
{ason last Amount thedate of (ason…..) Amount
Friday maximum
ofthe overdue).
month} Dt29.06.201
9
Dt
26.07.201
9.
CC(Stock 1.00 1.00 0.99 0 0.99 0 0.99 0.01
/ Book
Debt)/EP
C/ PCFC

FBP/FBD ----- ----- ----- ----- ----- ----- ----- -----

WCDL ----- ----- ----- ----- ----- ----- ----- -----
TermLoa 3.25 3.02 3.12 0.07 3.12 0.13 3.15 0.13
n
Total FB 4.25 4.02 4.11 0.07 4.11 0.13 4.14 0.14
LC/BGetc ----- ----- ----- ----- ----- ----- ----- -----
.
Others ----- ----- ----- ----- ----- ----- ----- -----
Total ----- ----- ----- ----- ----- ----- ----- -----
NFB
Total 4.25 4.02 4.11 0.07 4.11 0.13 4.14 0.14
FB+NFB
RealizablevalueCollateralSecurity(Excludingresidualvalue) : Rs.4.26 Cr
(100 %)
Particulars DuringMonth DuringFY
No. of InstancesTotalAmount No. of TotalAmount
Instances
LCDevolvement NIL NIL NIL NIL

SBLC/NRLFDefau NIL NIL NIL NIL

lt
BGInvocation NIL NIL NIL NIL

Investment NIL NIL NIL NIL

Repayment
Default

• a. Performance & Fin. Indicator as on: 31.03.2019

Particulars ABSLast ABSPreceding Estimated Current

Year1 Year CurrentFY Year*
31.03.2019 31.03.2020
Net sales ----- ----- -----

Credit ----- ----- -----

Summations
OperatingProfi ----- ----- ----
t
PAT ----- ----- -----

PAT/NetSales( ----- -----

%)
CashAccrual ----- -----

ICR ----- -----

PUC ----- -----

TNW ----- -----

Adj.TNW ----- -----

TOL/TNW ----- -----

TOL/Adj.TNW ----- -----

LongTerm ----- -----

Debt/EBITDA
NWC ----- -----

CurrentRatio ----- -----

FixedAssets: ----- -----

GrossBlock
Net Block
b. Cash Flow (Mandatory for unit with total exposure above Rs.25.00 crore) : NA
Particular Last Mnth-2 Last Mnth-1 Proj. Mnth-1 Proj. Mnth- 2 Proj. Mnth-3
Receipts

Payments

Surplus/ Deficit

• Movement of Stock & Receivables and Sundry Creditors (last 6 months)

Particul Estm. Month- Month-5 Month-4 Month-3 Month-2 Month-1

ar Level 6
Sales
Stocks
Avg.St
ockHol
ding
Period
Receiv
ables
Avg.Re
ceivabl
es
Holding
Period
Sundry
Credito
rs
Avg.Cr
editors
Holding
Period

• Last Inspection done on 20.07.2019 by M.V.Raghavulu (CSO) & M.B.Srinadh

(RMSME) & P V Prasad (Branch Head)

Brief Observations:
The unit is running with limited production capacity for Non-availability of sand. The
promoters are supplying the material to Satya constructions and Durga estates of
Tadepalli.
• Brief Reasons of Irregularity / Default ( e.g. shortfall of WC funds due to increase in
level of operations, elongation of WC cycle, bunching of orders, temporary mismatch of cash
flow, operating losses, diversion of funds, any other reasons-specify):

Recent initiative of Government on restricting the sand availability for commercial purposes
made the firm to run with limited capacity. Further the promoters are supplying to L & T
company, who got contract from government. Due to the pendency in receivables from
govrnment, the activity is temporarily stopped in CRDA region, thereby creating deficit in cash
flow of the firm. Hence the EMIs became overdue and account is irregular.

However the account will be regularized by 07.08.2019, as the funds from government are
released and also the promoters are expecting to resume supplying the material to L&T Co,
the activity of which is going to begin during this week. Also the government is allowing to
procure sand on token basis,which will resume the activity of the firm.

• Whether the Problems are of Temporary Nature OR Likely to Affect Asset Quality,
if Proactive Actions are not Taken- Brief and Clear Rationale to be furnished

The problem is of temporary in nature. The restrictions by government are to

introduce new system of procurement of sand, which will start from August in
phased manner and will be cleared by September, 2019. Thus the activity is
expected to resume and Sales are going on to meet the projections.

• Steps Taken / Proposed to Taken by the Borrower and/or Branch for Resolving the
Problem and/or Regularization of Accounts:

we have visited the unit and issued Demand notice to regularize the account
immediately. Advised the borrower to avoid such instnaces in future by maintaining
contingency fund.

• a. Proposed Immediate Action Plan and comments on Corrective Action Plan for
ensuring Long Term Viability (Holding on operation [where already commenced, details
may be indicated], status of feasibility study / Independent Credit Evaluation, Status of
Resolution Plan e.g. finalization, submission, approval etc.)
we have visited the unit and issued Demand notice to regularize the account
immediately. Advised the borrower to avoid such instnaces in future by maintaining
contingency fund.

• b. Compliance of observations made on the previous report (If not complied,

reasons and expected timeline of compliance to be furnished)
Complied with.

11. Progress of Implementation of Approved Resolution Plan (wherever applicable)

Not applicable
Submitted for:
a) Information & record of Irregularity / Default of Rs 0.13 Crduring the month of
July, 2019
b) Information & record, and review of SMA.
(Delete whichever is not applicable)

Signature

Designation CSO RelationshipMan BranchHead Regional Manager

ager
Name M V Raghavulu M.B.Srinadh P V Prasad S Satyanarayana
Rao
Mobile no. 8008046908 9515740915
Date
Place Mangalagiri Mangalagiri Mangalagiri RBO - 2

Countersigned by#

Signature

Designation DyGen. Manager GeneralManager ChiefGeneralManager

(B&O) (Network/ CCGRO) (CAG/CCG/R&DBG)
Date
Place

# as applicable.

Suggested Actions/Corrective Measures/Observations:

Name of Borrower:M/s UNITED CONSTRUCTIONS
Branch (Circle / Group):Mangalagiri
SMA Category:
Irregularity / Default Reporting for the month of june, 2019 / SMA review for the
month of ………………. (Delete whichever is not applicable)

Sr. SuggestedAction Timeline

no. s/CorrectiveMea
sure/Observatio
ns

(Reviewing Authority)
Annexure-I-A
A) Primary Security:
Facility Details of Type of Value Date of Basis of Noting of charge with
Security ROC charge valuation valuation ROC (Yes/No)
Term Hypotheca NA 4.30 Cr 05/07/18 Bill /Invoice NA
Loan -tion of copies
plant
&Machiner
y
Cash Hypotheca NA 1.58 Cr 31/07/2019 Stock NA
Credit -tion of statement
Stock
&Receivab
les

B) Collateral Security: NIL

Facilit Details of Security SARF Owned Marke Realiz Guideli Date Noting of
y AESI by t Value able ne &Basis of charge
Comp Value Value valuation with ROC
liant (Yes/No)
(Y/N)
CC Residential Plot at Y Gajula 0.91 0.82 0.24 21/07/2018 NA
&TL Sy No : 118/2B, Nagavalli
Plot No.1, (Wife of
R.S.No:118/2 B, One of
Kanuru,Vijayawada, the
521002, (Urban), partners)
Admeasuring Total
Area : 202 SqYds
CC Residential Flat at Y Gajula 0.64 0.57 0.28 21/07/2018
&TL Sy No : 154/1, Venkata
157/A,B, at Flat Ramana
No.4A, 4th floor, (Partner)
D.No:2-194/17,
Jayaram towers
apartments, opp.
Kennedy
International school,
Kanuru main road,
Penamaluru,VIjaya-
wada, 521002,
(Urban),
Admeasuring Total
Area : 37 Sq.Yds
Undivided
CC Residential Building Y Gajula 21/07/2018
&TL Sy No : 152/1A, at Venkata
#5-197, PLOT Ramana
NO.1, R.S.No: (Partner)
152/1A, KANURU,
PENAMULURU,
VIJAYAWADA,
521002, (Urban),
Admeasuring Total
Area : 164 Sq.Yds
CC Residential Building Y Gajula 21/07/2018
&TL Sy No : 363/1, at Venkata
flat no.401, 4th Ramana
floor, Sakuntala (Partner)
residency, D.No:48-
16-9E, Gunadala,
Vijayawada 520004
(Urban),
Admeasuring Total
Area : 40 SqYds
undivided
CC Residential Plot AT Y G 21/07/2018
&TL Sy NO : 15/1B, Venkata
situated at Subba
R.S.No:15-1B, Near Rao
Kalyana (partner)
Venkateswra
swamy temple,
Mantada, Vuyyuru,
(Semi Urban),
Admeasuring Total
Area : 829 Sq.Yd
• Guarantees (Personal / Corporate / Others)
i. Personal Guarantees:
Name of Guarantor Net Means As on
RAVI MACHAVARAPU 0.72 31/07/2018
K KUTUMBA RAO 0.55 31/07/2018
G VENKATA RAMANA 2.74 31/07/2018
G Venkata Subba Rao 1.29 31/07/2018
NAGAVALLI GAZULA 1.00 31/07/2018

• Corporate Guarantees: NIL

Name of Guarantor Net Means As on

• Government Guarantee / ECGC / CGTMSE / others: NIL

• Security Coverage:
Value of Primary Security Rs.4.30 Cr
Realizable value of Collateral Security Rs.4.26 Cr
Total Value of Security Rs.13.61 Cr
Total Indebtness Rs.3.74 Cr
Security Coverage% :: 363.90% Collateral Security Coverage% :: 0%
Note: In case of Consortium/MBA Accounts our share to be provided

E) Whether Security is Perfected: Yes

[If no, time permitted by appropriate authority and progress thereof. Details of any
adverse non-attended observation(s) of Legal Audit is also to be furnished]

F) Critical RFIA / Credit Audit Remarks and compliance:

G) Stock & Receivable Audit (Observations relating to divergence from reported

drawing power, diversion of funds etc. to be provided)
Not applicable

H) Any other details (Shortfall in insurance value, frequent dishonor of cheques,

noncompliance with critical sanction T&Cs etc.)
NIL
 Annexure-III

Statement of Irregularities / Defaults for the quarter (from……..to……….) submitted to

ECCB for information

(Rs. in crore)

Name of Branch
Borrower
Nature of facility (which is irregular)
Limit
DP
Outstanding
Amount of Irregularity / Default (in excess of
sanctioned limit)
Date of Irregularity / Default
SMA Status (0/1/2)
Observation of DMD (CAG/CCG/ RB)

State Bank of India

CGM (CAG/CCG/Circle) Place:

Date
 Annexure-IV

STATEMENT OF IRREGULARITIES IN NPA ACCOUNTS SUBMITTED TO SANCTIONING

AUTHORITY FOR INFORMATION, AS ON…………..
(Rs. in crore)

Name of Branch
Borrower
Nature of facility (which is irregular)
Limit
DP
Outstanding
Amount of Irregularity / Default (in excess of
sanctioned limit)
Irregular since
Present Status
Irregularity during current fin year
IRAC Status
CRILC data as on
Status of observations of Recommendin g
Authority (if any)

The above accounts are being monitored by HPTF / Other review committees, and have been
reviewed on quarterly basis, during the year.

State Bank of India Branch Head/ RM / DGM /

GM / CGM / DMD Place:
Date:
 Annexure-V

Reporting of Irregularity / Default (Sanctions up to Rs.1.00 crore)

Name of Branch
Borrower
Nature of facility (which is irregular)
Limit
DP
Outstanding
Amount of Irregularity / Default (in excess of
sanctioned limit)
SMA-0/1/2
Remarks