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LFAR (For Large/ Irregular/ Critical Advance Accounts)

LFAR (For Large/ Irregular/ Critical Advance Accounts)
(To be obtained from the branch Management by the Branch Auditors of branches dealing in large advances/ asset recovery branches)

1. Name of the Borrower

2. Address

3. Constitution

4. Nature of business/ activity

5. Other units in the same group

6. Total exposure of the branch to the Group+

Fund Based (Rs. in lakhs) Non-Fund Based (Rs. in lakhs)

7. Name of Proprietor/ Partners/ Directors

8. Name of the Chief Executive, if any

9. Asset Classification by the Branch

(a) during the current year

(b) during the previous year

10. Asset Classification by the Branch Auditor

(a) during the current year

(b) during the previous year

11. Are there any adverse features pointed out in relation to asset classification by the Reserve Bank of India Inspection or any other audit.

12. Date on which the asset was first Classified as NPA (where applicable)

Facilities sanctioned:

Date of

Sanction

Nature of

facilities

Limit

(Rs. in

Lakhs)

Prime

Security

Collateral

Security

Margin

%

Balance

outstanding at the

year-end

      
Current
Year
Previous
Year
       

Provision made: Rs.________ lakhs

13. Whether the advance is a consortium advance or an advance made on multiple-bank basis.

14. If Consortium,-

(a) names of participating banks with their respective shares

(b) name of the Lead Bank in Consortium

15. If on multiple banking basis, names of other banks and evidence thereof.

16. Has the Branch classified the advance under the Credit Rating norms in accordance with the guidelines of the Controlling Authorities of the Bank.

17.

(a) Details of verification of primary security and evidence thereof;

(b) Details of valuation and evidence thereof

Date

verified

Nature of

Security

Value

Valued by

 

Insured for Rs. _______ lakhs (expiring on ________)

 

18. (a) Details of verification of collateral security and evidence thereof

(b) Details of valuation and evidence thereof

Date

verified

Nature of

Security

Value

Valued by

    
 

Insured for Rs. _______ lakhs (expiring on ________)

 

19. Give details of the Guarantee in respect of the advance

(a) Central Government Guarantee;

(b) State Government Guarantee;

(c) Bank Guarantee or Financial Institution Guarantee;

(d) Other Guarantee

Provide the date and value of the Guarantee in respect of the above.

20. Compliance with the terms and conditions of the sanction

Terms and Conditions

Compliance

(i) Primary Security

a) Charge on primary security

b) Mortgage of fixed assets

c) Registration of charges with Registrar of Companies

d) Insurance with date of validity of Policy

(ii) Collateral Security

a) Charge on collateral security

b) Mortgage of fixed assets

c) Registration of charges with Registrarof Companies

d) Insurance with date of validity of policy

(iii) Guarantees – Existence and execution ofvalid guarantees

(iv) Asset coverage to the branch based uponthe arrangement (i.e., consortium ormultiple-bank basis)

 

(v) Others:

a) Submission of Stock Statements/Quarterly Information Statements andother Information Statements

b) Last inspection of the unit by theBranch officials: Give the date anddetails of errors/ omissions noticed

c) In case of consortium advances,whether copies of documents executedby the company favouring theconsortium are available.

d) Any other area of non compliance withthe terms and conditions of sanction

 

 

21. Key financial indicators for the last two years and projections for the current year (Rs. in lakhs)

IndicatorsAudited
year
ended
31st
March___
Audited
year ended
31st
March___
Estimates for
year ended
31st March
___
Turnover
Increase in turnover %
over previous year Profit before
depreciation, interest
and tax
Less: Interest
Net Cash Profit before
tax
Less: Depreciation
Less: Tax
Net Profit after
Depreciation and Tax
Net Profit to Turnover
Ratio
Capital (Paid-up)
Reserves
Net Worth
Turnover to Capital
Employed Ratio
(The term “Capital
Employed” means the
sum of Net Worth and
Long Term Liabilities)
Current Ratio
Stock Turnover Ratio
Total Outstanding
Liabilities/Total Net
Worth Ratio
In case of listed
companies, Market
Value of Shares
(a) High;
(b) Low; and
(c) Closing
Earnings Per Share
Whether the accounts
were audited? If yes,
upto what date; and are
there any audit
qualifications