| FCE FAMER FINANCING | ||
|---|---|---|
| ELIGIBILITY CALCULATOR | ||
| Name of the Farmer: xyz | DOB: 12-14-24 Age: 45 | Reference Number: 2138645 |
| FARMER DETAILS | Land holdings of Farmer: 6.00 | Type of Farmer: Large Farmer |
| Drip installation Area: 2.20 | Survey No: dfe1 | |
| Yield from the land with drip | 3,300 | |
| Number of Members in the house hold: 7 | Number of dependents: 4 | |
| INCOME & EXPENSE CALCULATION | Income | |
| Net Income of the Farmer from the land holdings per crop cycle | 1,597,500 | |
| Income from other sources calculated as per non-dependent family members | 36,429 | |
| Income from other sources calculated as per non-dependent family members | 36,429 | |
| Any other income (pls ensure to provide the exact details) | ||
| Source Details | - | |
| Source Details | - | |
| Source Details | - | |
| GROSS TOTAL ANNUAL INCOME OF FARMER FOR THE LAND HOLDINGS | 1,670,357 | |
| Expense | ||
| Crop loans availed from financial institutions | 100,000 | |
| Interest calculated @ 12% on the loans availed | 12,000 | |
| Total cost of cultivation | 889,200 | |
| Other Household expenses PA | 343,813 | |
| GROSS TOTAL EXPENSES OF THE FARMER | 1,345,013 | |
| Net house hold income of the farmer | 325,344 | |
| LOAN ELIGIBILITY CALCULATION | Maximum Loan eligibility of the farmer | 227,741 |
| Invoice / Quotation amt | 220,000 | |
| Work order Amount | 200,000 | |
| LTV | 85.00% | |
| Requested Loan Amt | 180,000 | |
| Min of Requested loan amt and Eligibility as per LTV | 170,000 | |
| Loan amount proposed | 170,000 | |
| Tenor of the loan: 30 | Total No of Installments: 2 | |
| ROI: 12% | Final LTV on the invoice: 77% | |
| Processing Fee: 1% | Processing Fee @1%: 1,700 | |
| Service Tax @ 12.36%: 210 | Insurance: 1,938 | |
| Service Tax @ 12.36% | 240 | |
| Total Fees payable by farmer | 4,088 | |
| Approval Committee | FALSE | |
| FCE FARMER CAM : CREDIT APPROVAL MEMO | ||||
|---|---|---|---|---|
| 1 | SOURCING DETAILS (from Application) | |||
| Application form | Program: FCE - FARMER FUNDING | Application Date: 09/11/2014 | Application Ref No: 123456.00 | |
| TP | Corporate/ TP Name | ABC | ||
| Dealer | Dealer Code | 12345 | Company Name of Dealer | Deccan Sugar Pvt Ltd |
| 2 | APPLICANT DETAILS (from Application) | |||
| Applicant | Name of Applicant | xyz | Age | 33 |
| Residential Address | Village | eeee | ||
| Taluka | rrr | |||
| District and PIN | dddd | 123456 | ||
| State | dddddd | |||
| Address of land where MIS is to be installed | werd | |||
| Loam Amount requested | 180000 | |||
| Internal Score of Applicant | N - TPF 3 | |||
| 3 | Co-APPLICANT DETAILS (from Application) | |||
| Co-Applicant | Name of Co- Applicant | 0 | Age | 0 |
| 4 | GUARANTOR DETAILS (standard) | |||
| Guarantee | Type of guarantee | Corporate + Dealer Gurantee | ||
| 5 | FARMER'S CROP AND LAND DETAILS & HIS /HER RELATIONSHIP WITH THE CORPORATE | |||
| Crop | Type of Crop | Sugarcane | Number of years of Association with the Corporate/TP | 6 |
| Land is on farmer Name | Application form | Charge if any on the land where MIS is installed | no | |
| Details of Yield and Amt received from Corporate | Previous year | Current Year | Projected for next crop cycle | |
| 1. Total Yield from the Crop in quintals sold to Corporate/TP | 1500 | 1600 | 1800 | |
| 2. Net Amt received for the produce | Rs. 337,500 | Rs. 360,000 | Rs. 405,000 | |
| 6 | Presanction / work order details (Details to be entered if applicable ; pl mention "Not Applicable" if no Presanciton or work order is available) | |||
| Subsidy | Beneficiary Number | |||
| Application number | ||||
| Work-order | Date of presanction / Work order | |||
| Expiry date of presanction / Work order | ||||
| 7 | SECURITY DETAILS | |||
| Security | a | MIS Hypothecation | Yes | |
| b | Dealer Guarantee | Yes | ||
| c | Corporate Guarantee | Yes | ||
| d | Subsidy is being availed by farmer (pls ensure to fill the details of subsidy and check the govt website) | Yes | ||
| Repayment | a | Crushing Season 1 | Crushing Season 2 | Crushing Season 3 |
| Year | 0 | 0 | 0 | |
| 8 | DEFERRALS | CLEARED : Yes/No | ||
| Sanction Conditions | 1 | Farmer photo missing. | No | |
| 2 | Dealer sign missing on quotation | No | ||
| 3 | Farmer self-attestation missing on 7/12,8A & Quotation | No | ||
| 4 | Quotation does not belong to applicant | Yes | ||
| 9 | MITIGATIONS | |||
| a | Work order from Sugar Factory is available | |||
| b | Applicant has been associated with the firm for more than 4yrs | |||
| c | Insurance coverage for Applicant | |||
| d | Indemnity Bond from Dealer Guarantor | |||
| REMARKS BY CREDIT REVIEWER | ||||
| Farmar related queries regarding,Self attestation, Photo Also Dealer sign missing.The same has been raised in queries and send to operation staff and dealer. According to confirmation recived from field staff, the self attestations and all other missing documents will be receive/done at the time of disbursement. | ||||
| OTHER CREDIT CHECKS | ||||
| Field Visit status | Positive | Famer profile | Farmer only | |
| DEVIATIONS | For the use of Credit Approving authourity | |||
| Type of Deviation | Level | Deviation Description | ||
| 1 | Self-attestation pending on documents other than KYC | SCM 1 | Applicant and dealer will sign all the documents before signing the sanction letter or sending the file for disbursement | Approved |
| 2 | OTC request on document availability other than KYC | SCM 2 | Applicant will provide the same within 30 day or before disbursement | Approved as a PDD |
| 2 | OTC request on document availability other than KYC | SCM 2 | Applicant will provide the same within 30 day or before disbursement | Approved as a PDD |
| 3 | ||||
| 4 | ||||
| FINAL APPROVAL DETAILS | ||||
| 1 | SANCTIONED AMOUNT | Rs. 170,000 | 2. ROI | 12.00% |
| 3 | TENURE | 30 | 4: Processing Fee | 1% |
| 5 | APPROVAL COMMITTEE | FALSE | ||
| SIGNATURE OF APPROVING AUTHOURITY | Name of Approving Authourity | |||
| 1 | Sagar Chavan | |||
| 2 | Meenal Bhadrish | |||
| 3 | Biranchi Mishra | |||
| 4 | Anup Shah | |||
| 5 | Avijit Majumdar | |||