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Cent Agro Tea

S.N.

PARAMETERS

PARTICULARS

1

Type of borrower
  1. Large borrowers: All tea units which have their own processing factories, irrespective of the size of their holdings, and those who do not have processing factories but whose holdings are above 100 hectare (250 acres).
  2. Small borrowers: All the units with holding upto 100 hectares and who do not have processing factories of their own.
  3. Bought- leaf factories: All such units which buy green leaves from planters for processing.
  4. Mini tea factory: Tea factory owned by a small grower, an association of small tea growers or a Producer Company and which sources all the required tea leaf from its own plantation for the purpose of manufacture of tea and having capacity to produce not more than five hundred kilograms of made tea per day

2

Nature of Facility

Term Loan, Cash Credit and NFB Limit

 

3

Quantum of Finance

 ₹ 0.10 Cr up to ₹ 100.00 Cr

4

Financial Ratios

As applicable to Seasonal Industries (For the purpose of Financial Analysis and Appraisal only) i.e.

Parameter

Minimum Ratio

AVG DSCR

1.50

DER

3:1

TOL/TNW

5:1

ACR

1.50

 

ZLCC and above may allow deviation maximum up to two parameters with maximum 40% relaxation, subject to minimum DSCR should not be below 1.25.

Working capital:

Cash Budget method for working capital limit. Current ratio is exempted for this limit.

5

Rate of Interest
  1. As per rating mentioned below:

Credit Rating

Rate of Interest

CBI1

12 M MCLR

CBI2

12 M MCLR

CBI3

12 M MCLR

CBI4

12 M MCLR

CBI5

12 M MCLR

CBI6

12 M MCLR +0.70

CBI7

12 M MCLR +1.00

CBI8

12 M MCLR +2.00

CBI9

12 M MCLR +3.00

CBI10

12 M MCLR +4.00

Tenor premium for term loan

Up to 3 years

0.00%

>3 years <= 5 years

0.20%

Above 5 years

0.30%

Hurdle rating is maximum CBI-6 for fresh and CBI 5 for takeover.

*Presently MCLR(12M) -8.80%

6

Security
  1. The total exposure in respect of various credit facilities granted to the Tea Companies should not exceed 75% of the value of their tea estate(s).
  2. The tea estate(s) should be mortgaged to the Bank, unless specifically exempted.
  3. Collateral securities to the minimum to the extent of 25% of the exposure is to be obtained in case of new tea borrowal accounts apart from mortgage of tea estate
  4. Considering the track record of the Company, the Sanctioning Authority may decide to obtain additional collateral securities in the existing tea borrowal account.
  5. In case of bought leaf tea factories advance may be allowed on merit with creation of mortgage on the factory land, building, fixtures and structures and other collaterals, the aggregate value of which must not be less than 133% of the proposed credit facilities if the project is found to be technically feasible and commercially viable.
  6. Personal Guarantee of all the Promoters/Directors/Partners shall be taken apart from the mortgage.