15 feb doc for whr

WAREHOUSE RECEIPT / BOND

Name & Address of the Depositor Receipt / Bond Number Date

K RANGHAIH

S/O CHANNAIAH

GUMMUNURU KOTTAL

CHIPPAGIRI MANDALAM

KARNOL DST

NO. A201600019

15/02/2016

Details of Commodity Deposited

Commodity/Variety No. of Bags/Units Approximate Qty

Kg.

Approximate Value /Rs.

CHANNA 604BAGS/60KGS 36240KGS @RS.46/=RS.1667040/=

0KGS RS.0/=

0BAGS/ 0KGS RS.0/=

TOTAL RS.1667040/=

Chamber where

Stored

Storage Mark Depositors Identification

Marks

B 20/201,21/222,31/181, NOMARK

I declare that I am the owner

representative of the goods mentioned above. I

certify that the above consignment is fit for

storing in cold storage. I have read & understood

all terms & conditions & also have undertaken to

abide by them

Signature of the Depositor

For SREE SESHADRI COLD STORAGE

PVT. LTD.,

Authorized Signatory

Note : This receipt should be produced at the time of releasing the goods

Details of Withdrawals

Date Gate Pass No. No. of Bags Variety Depositor’s Signature

“UNDER LIEN TO INDIAN OVERSEAS BANK, BELLARY” 24

SREE SESHADRI COLD STORAGE PVT. LTD., Plot No. 1347, 163P, 182P & 183, KIADB Industrial Area,

2nd Main, 3rd Stage, Mundargi, BELLARY- 583 101.

Cell : 8147788888

GENERAL TERMS & CONDITIONS TENDER FOR STORAGE :

1. All goods for cold Storage shall be delivered at the Cold Storage premises properly marked and packed for handling. 2. The Depositor declares that are in good condition and are fit for keeping in the Cold Storage.

3. The Depositor also certifies that the goods are in good condition and are fit for keeping in the cold storage.

4. The Depositor shall furnish before delivery goods a manifest showing marks, brands or size to be kept and accounted for separately. Otherwise the goods may be stored in bulk or assorted at the discretion of the cold storage incharge.

5. The Depositor shall the details of unsound packing if any at the time of deposit. The cold storage shall not take any responsibility for

pilferages from such packages. 6. 6. Purely as per the declaration given by the depositor the cold storage is accepting deposit of goods. The Cold Storage are not in any

way aware of the contents inside the pickings or any small containers of potty packing inside. There fore the Cold Storage shall not

take any responsibility what so ever for pilferages noticed after taking delivery of the goods from the storage. It is the responsibility of the depositor to see whether his packings are in the same condition as at the time of deposit. While taking delivery of the stocks

complains received after removing the stocks from the premises of the storage shall not be entertained under any circumstances.

7. Cold Storage undertakes to store and deliver the goods only on packages in which they are originally received unless otherwise provided.

STORAGE PERIOD:

8. All goods are stored on month-to-month basis unless otherwise provided. A Storage month shall extend from a date in one calendar

month to but not including the same date of the next and of succeeding calendar months but if there is no corresponding date in a next

succeeding calendar month it shall extend to and Include the last day of that month. When the last day of the final storage month falls

on a Sunday or public holiday, the storage month shall be deemed to expire on the next succeeding business day. 9. If for any reason the goods deposited cannot be kept for along time in the Cold Storage for which it was agreed to be kept or its further

keeping will deteriorate greatly in value or injure other property the Cold Storage may give such notice as is reasonable and possible in

the circumstances to the depositor requiring nim to remove those goods from the Cold Storage whether immediately or within the time notified in the notice after paying all the charges, if any due to the Cold Storage.

10. If a Depositor fails to remove the goods within the time required the Cold Storage may remove them and sell the goods in public auction at the risk and cost of the Depositor and appropriate the sale proceeds towards its dues and remit the balance, if any to the

Depositor.

DEUVERY REQUIREMENTS:

11. (a) Instructions for delivery of goods shall always be in writing and signed by the depositor or his authorised agent. Advance

Intimation of atleast 4 hrs. during business time shall be given whenever release of goods is required from the Cold Storage. The goods

shall be handled only by the authorised workmen and shall not be allowed to be handled by any other person when once it is inside Cold Storage factory. The goods shall be accepted and delivered only during the business hours except in special cases at the discretion

of the Sree Seshadri Cold Storage Pvt. Ltd., Only authorised persons with proper identity of die clients shall be allowed to negotiate

the transaction. Nobody shall be permitted inside the Cold Storage room without permission of Competent authority of the Cold Storage.

(b) Depositor shall not be allowed to take delivery of goods stored unless otherwise he clears all the dues to the Sree Seshadri Cold

Storage Pvt. Ltd.,

LIABILITY:

12. The Cold Storage plant undertakes to exercise reasonable care and diligence required by ten rules and regulations relating to such

storage for keeping the goods in the Cold Storage. The Goods for Cold Storage are accepted entirely at Depositor’s risk only. The Depositor is advised to make his own arrangements for covering the goods by necessary insurance. The Cold Storage shall have the

lien for the goods deposited until all its dues are cleared by the depositor.

13. If any damage or loss occurs to the goods on account of failure of the Cold Storage plant and machinery and, or on account of other factors which are beyond control, the Cold Storage shall not be responsible for such loss or damage.

14. The quality condition value and contents of goods are known to the Cold Storage authorities as entered in ten receipt on the basis of

the declaration made in the regarding by the Depositor at the time of deposit. 15. The Cold Storage shall not hold any responsibility for the loss in weight, shrinkage and other after effects on account of cold storage.

16. No guarantee is given for the life of the goods stored in the Cold Storage.

SCHEDULE OF CHARGE:

17. (a) The charges shall be as per the rates prescribed by the Cold Storage which are subjected to change from time to time without

notice.

(b) If there exists continuous power cut and necessary arises to run the compressor with diesel Generator sets then 25% extra rental charges shall be collected and addition to the usual tariff intimated to the Depositors for collection of 25% additional rental charges in

this regard shall be intimated 7 days in ddyance.

(c) All storage charges shall be paid on month-to-month basis unless otherwise provided for and the storage charges shall be paid in advance for each month in case of continuous monthly charges should be paid within 7 days then the cold storage authorities have

every right to remove the stocks from the cold storage and to keep it in open yard without giving any advance Intimation to the

Depositor, and then after one week to sell the goods in public Intimation to the Depositor and to adjust the sale proceeds towards dues. (d) The charges for handling, loading and unloading and extra service rendered in the interest of depositor are to be paid by the

Depositor of goods in addition to usual Cold Storage charges. When the goods are transferred from one rack to another at the request

of the Depositor, a charge for handling snail be deemed levied. The Cold Storage may also transform at its own expenses any goods in storage from one rack to another in the Cold Storage for reasons of administrative convenience.

(e) The Cold Storage has right to sell the stock in their custody incase the depositor fails to pay the dues to the bank on or before 31st

December every year, and credit the amount to the loan account or the creditor and to adjust the balance amount towards storage charges, without any notice to the depositor.

18. After one month up to 15 days we collect cold storage rent for one month.

19. The form for any claim of dispute arising out of this agreement shall be the Civil Court at Bellary City. Note : This receipt should be produced at the time of releasing the goods.

Signature of the Depositor 25

Place: Bellary

Date: 15/02/2016

From,

SRI/SMT.K RANGHAIH S/O.S/O CHANNAIAH

GUMMUNURU KOTTAL

CHIPPAGIRI MANDALAM

KARNOL DST

The Senior Manager,

Indian Overseas Bank Bellary.

Dear Sir,

Produce Loan for Rs.995000 /=

With reference to the above, I hereby declare that:

1. I am a farmer residing at CHIPPAGIRI MANDALAM holding an

agricultural land to the extent of 3.93 ACRE.

2. I will not use the loan amount for trading purpose.

3. I have not availed any crop loan for cultivation of above produce.

4. No loan is outstanding against the above crop.

Yours faithfully,

20

Indian Overseas Bank, Bellary. Application form for loan under Tie-up Arrangement with Cold Storage Unit :

Sree Seshadri Cold Storage Pvt. Ltd., Bellary.

1. Name : K RANGHAIH

2. Age : 38 YEARS

3. Father’s Name : S/O CHANNAIAH

4. Address : H.NO.

: GUMMUNURU KOTTAL

CHIPPAGIRI MANDALAM,BELLARY

5. Lands cultivated (in acres) : Dry Land Garden Land Wet land Total

1. Own Land : 54, 3.93 ACRE

2. Lease Land :

6. Weather availed crop.

Loan from any institution :NO AT

7. If So, Amount, date of

availment and due date :/=,

for repayment

8. Crops for which finance

availed :

9. Produce kept in Cold Storage Unit Sree Seshadri Cold Storage Pvt. Ltd.,

Commodities Bags Quantity in Quintal Market Value

Commodity/Variety No. of Bags/Units Approximate Qty Kg. Approximate Value /Rs.


BAGS/KGS 0KGS @RS./=RS.0/=

0BAGS/KGS 0KGS @RS./=RS.0/=

TOTAL RS.1667040/=

Finance Required :

10. I request you to sanction a loan of Rs.995000 /=against My DPN and Pledge of ware-

house receipt No. 201600019 Dated 15/02/2016 of M/s. Sree Sheshadri Cold

Storage Pvt. Ltd., (Name of the Cold Storage Unit) to meet our urgent expenses such

as crop cultivation etc.,

21

11. (BPLR-4.25%), Rs.50,001/= to Rs.2,00,000/= is 10.25%(BPLR-1.75%),and

for the loans beyond Rs. 2,00,000/- is 11.5%(BPLR-0.50%) half yearly

compoundable. I also understand that the rate of penal interest beyond due date

i.e., 42415 is 2% extra. The rate interests are subject to RBI and Bank’s

guidelines.

12. I hereby authorized you to hand over the bonds to the cold Storage

management after closure of the loan account.

13. I accept to bear the processing charges i.e., Rs. 3000/- for the beyond Rs.

25,000/- and inspection charges of Rs. 25/-for all the loan accounts. I also

understand that I have to reimburse the postages and notice charges.

Date : 15/02/2016 (Signature of the Applicant)

The Manager,

Indian Overseas Bank, Bellary.

The above mentioned applicant handed over the copy of original bond and

Phani copy. We may sanction an amount of loan of Rs. 995000 /=as per the under

mentioned calculation.





TOTAL RS.1667040/=

Loan Amount RS.995000/=

Asst. Manager. Senior Manager

22

The Manager,

Indian Overseas Bank

BELLARY

Name(s) K RANGHAIH

Loan No. ……………………….. Amount Rs.995000/=

LETTER OF PLEDGE

I/we hereby acknowledge to have deposited with Indian Overseas Bank BELLARY the goods, documents and securities for property of money, hereunder mentioned (hereinafter referred to as “the said goods and securities” in which expression are included unless the same is inconsistent with the context any further goods, documents and securities for property money to be deposited as hereinafter mentioned a) as a collateral security for the due payment of my/your Promissory Note to the said Bank dated this 15/02/2016 day of ………………………… for the sum of Rupees .995000/= as well as of all interest at the rate of ….% over Reserve Bank of India rate of interest with a minimum of 10.25% per annum or at such other rates as may be notified by the Bank to me/us from time to time with HALF YEARLY rests and charges thereon, and also for the cost and charges of keeping the said goods and securities as a security and in case I/we shall make default in paying the said sum of Rs.995000/= to the said Bank on demand according to the tenor of my/our said Promissory Note . I/We hereby authorize and empower the said Bank or any recognized Agent thereof to sell or remove and sell and absolutely dispose of the said goods and securities in such manner as they or he may think most advisable without any reference to

me/us the undersigned or consent on my/our part. I/We further hereby authorise the said Bank to reimburse itself out of the proceeds of the said goods and securities all costs, charges and expenses of keeping and selling the said goods and securities, but so that the said Bank shall not be responsible for any loss from or through any employee / Agent I Broker or Auctioneer employed in the sale of the said goods and securities, or in any other manner whatsoever in respect of the said goods and securities and the said Bank shall also reimburse itself in the amount of the said Promissory Note and all interest and charges thereon, and should any balance remain over. I/we authorise the said Bank to place amount against all such sum or sums of money as may at the time of such sale be due or owing by or from me/us to the said Bank upon or in respect of any other Promissory Note, Bill of Exchange or other engagement, although it shall happen that such sum or sums of money shall not be due at the time of such sale, and I/We further engage to pay to the said Bank the balance, if any, remaining unsatisfied and I/We further engage to grant such further documents as may be found necessary effectually to vest in the said Bank the said goods and securities to enable them to sell or transfer the same and

Signature 3

I/We further engage to maintain a margin either by payment in cash or by the deposit of further approved goods, documents or securities for property or money, so that the amount advanced be not more than 60 percent .of the market value of the goods or securities deposited as security for the time being and I/We agree the bank’s decision as to market value shall in all cases be final and binding upon me/us. And in the event of my/our failing to maintain such margin as aforesaid I/Wehereby 7uthorize the said bank to sell at any time before the maturity of my/our said Promissory Note the portion of or all, the said goods and securities for the time being the subject of this security which may be necessary to the full payment of my/our said Promissory note with interest and charges as agreed on. And all fresh security added is to be subject to the same conditions as hereinbefore stated or as stipulated for by any separate document. I/We further agree and engage not to revoke or make void any Power of Attorney or other authority which I/we have given or may give to said Bank to enable it to sell and transfer the Said goods and securities for the time being the subject of this security.

The Bank shall not be answerable or liable for any damage arising out of shortage, theft, pilferage, deterioration, depreciation and other causes Which the said goods and securities may suffer while in its possession or custody or in the possession or custody of its servants or Agents including clearing Agents.

The bank shall not be responsible for the shortage in weight or the goods pledged since it will not ordinarily be possible to ascertain their correct weight by the Bank either at the time of storage or release.

It is distinctly understood that I/We take full responsibility for the correctness of the quality, weight and quantity, of the goods and for their safety and insurance and for taking such measures or precautions as may be necessary in this connection. l/We further agree that the Bank shall not be responsible for any accidental or willful wrong or fraud on the part of its employees committed in respect of the said goods and securities while in the custody of the bank.

And I/We hereby declare that I/We am/are the owner! Owners of the said goods and securities and that the

same are, except for such deposit, within my/our, own disposition and control and free from any prior charge. And lANe hereby also agree that any notice in writing requiring to be served hereunder shall be sufficiently served if addressed to me/us at my/our address registered in the Bank or in the event of no such address being registered at my/our last known place of residence of business in CHIPPAGIRI MANDALAM and left as such address or place or if forwarded to me! us by post at the address or place aforesaid. A notice sent by post shall be deemed to be given at the time when in due course of post it would be delivered at the address to which it is sent.

“I/we hereby agree as a pre-condition of the loan! advances given to me/us by the bank that in case I/We commit default in the repayment of the loan! advances or in the repayment of interest thereon or any of the agreed installment of the loan on due date/s, the bank and/or the Reserve Bank of India will have an unqualified right to disclose or publish my/our name or the name of our company/firm/unit and its directors! partners! proprietors as defaulters in such manner and through such medium as the bank or Reserve Bank of India in their absolute discretion may think fit”.

The Borrower hereby agrees and undertakes that the amount/amounts advanced or to be advanced by the Bank will not be used for any purpose other than for which it has been sanctioned/ advanced. It is distinctly understood by the Borrower that the Borrower is hereby expressly prohibited from using the amount advanced and/or to be advanced or any part thereof for any purpose other than for which it has been advanced sanctioned.

The Borrower hereby agrees and undertakes that after availment of the loan or any part of it, the Borrower will procure and produce a certificate from its auditors or from any auditor the bank may nominate in this behalf, certifying that the amount/amounts advanced by the Bank have been, used only for the purpose for which it has been sanctioned/ advanced and if the Borrower fails to

Signature 4

produce such certification and I or if the Bank apprehends or has any reason to believe, (the Bank’s decision in this regard being final) that the borrower has violated or is violating or is likely to violate this condition it shall be lawful for the Bank and the Bank shall have a right to recall the entire balance due under all, any and I or each of the credit facilities or accommodations then outstanding or any part thereof forthwith notwithstanding anything to the contrary contained herein or in any other document or letter of sanction or term’s and conditions and without prejudice to any of the rights of the Bank hereunder or under any law, rule or refutations to initiate appropriate Civil and / or criminal action/s against the Borrower.

The Borrower further agrees that on such demand, the

Borrower shall forthwith pay the amount/s due together with interest, interest tax, further interest, additional interest, penal interest, commission fees, cost, charges and expenses incurred or to be incurred by the Bank till date of payment

The Bank shall have an absolute discretion to determine what amount/s within the aforesaid limit it will advance and or/allow to be outstanding from time to time in the respective separate account opened/to be opened by it and the Bank shall be at liberty to refuse to allow further drawings or advances or to make available any credit facility at any time without pervious notice to the Borrower and without assigning any reasons therefore.

PARTICULARS OF SECURITIES ABOVE REFERRED TO





TOTAL RS.1667040/=

………………………………………………………….

Signature of Borrower(s)

5

CONSENT-CUMAUTHORIZATION (CAL.A)

l/We, understand that as a pre-condition relating to grant of and/or continuing availment of the loans/ advances/other non-fund based credit facilities to/by me/us, the Indian Overseas Bank, requires my/our consent for the disclosure by the bank of, information and data relating to me/us of the credit facility availed of/to be availed by me/us, obligations assumed/to be assumed, by me/us in relation thereto and default, if any committed by me/us, in discharge thereof.

2. Accordingly, I/We hereby agree and give consent for the disclosure by the Indian Overseas Bank of all

or any such:

(a) Information and data relating to me/us:

(b) the information of data relating to any credit facility availed of/to be availed, by me/us and

(c) default, if any, committed by me/us, in discharge of my/our such obligation.

as the Indian Overseas Bank may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd and any other agency authorised in this behalf by RBI.

3. l/We, declare that the information and data furnished by me/us to the Indian Overseas Bank are true and correct.

4. l/We, undertake that:

a) the Credit Information Bureau (India) Ltd. and any other agency so authorised may use, process the said information and data disclosed by the Bank in the manner as deemed fit by them; and

(b) the. Credit Information Bureau (India) Ltd. and any other agency so authorised may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/ financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression ‘bank’ includes lending institutions for the purpose.

………………………………………………………….

Signature of Borrower(s)

6

Indian Overseas Bank AGREEMENT FOR ADVANCES AGAINST PLEDGE OF WAREHOUSE RECEIPTS

Place : BELLARY

Date :15/02/2016

The Manager,

Indian Overseas Bank

Bellary.

Dear Sirs,

I / we hereby acknowledge to have delivered to you WAREHOUSE RECEIPT NO.201600019 DATED15/02/2016 ISSUED BY M/S SREE SESHADRI COLD STORAGE PVT., LTD., BELLARY documents of title to goods described in general terms in the schedule hereto as security for due repayment of the debt due by me/us K RANGHAIH for sum of 995000/= Rupees NINE LAKHS NINTY FIVE THOUSANDS ONLY by way of principal and of interest thereon at the rate of 10.25% per annum or such rate as may be fixed by the Bank from time to time and all charges to be made by you in connection therewith and also all necessary expenses (ordinary as well as extraordinary) costs and charges which may be incurred by you in respect of the possession or for the preservation of the said goods / documents of title to goods.

2. l/we agree that in the event of my/our failing to pay you on demand the said sum of Rupees NINE LAKHS NINTY FIVE THOUSANDS ONLY together with interest thereon and all costs charges and expenses incurred by you in connection there with or in

F-375

respect of the possession of the goods documents of title to goods, or in the event of my/our failure to observe or perform any of the terms and conditions hereof, you shall be entitled without any previous notice to me/us or consent on my/our part (notwithstanding any notice required by law or otherwise to be given the right to which notice is hereby expressly waived by me/us) and without prejudice to any of your other rights or remedies to sell or otherwise, dispose of either by public auction or private contract as you may consider advisable at any time or times the goods pledged as aforesaid or any part or parts thereof and to appropriate the net sale proceeds in the first instance towards the costs, charges and expenses. due to you for the keeping of and selling the said goods and then towards the debt due and all interest and charges thereon. If after appropriation made as above, any surplus remains, you shall be at liberty to apply and appropriate the amount against any other debts or liabilities of mine/ours to you, whether alone or jointly with any persons of firm (whether as principal debtors or as surety) whether the same be secured or not, and whether such debts had become due or not. You shall have also the right without any previous notice to me/us to set-off or appropriate any sum or sums of money standing to my/our credit in any

7

3 4. 5 6 7

account at any office of your bank towards the debt due by me/us, in the event of my/our failure to pay the debt on demand or in the event of any deficit existing even after appropriating the sale proceeds of the goods. I/We agree that I/We shall accept without question the Banks accounts of such sale or sales or other transactions signed by any authorised officer of the Bank as sufficient proof of the amount realised by the sale or sales and the costs, charges and expenses incurred in connection therewith.

I/We agree that the Bank shall not be responsible for any loss from or through any Brokers or Auctioneers employed in the sale or sales of the said goods or in any other manner whatsoever in respect of the said goods.

I/We hereby engage and undertake to maintain at all times in favour of the Banks a margin of 40% between the market value from time to time of the goods and the balance due to you from time to time. Such margin is to be calculated on the market value of the goods as fixed by you from time to time and is to be maintained by me/us either by the delivery by me/us of further security to be approved by you or by cash payment by mel us of sufficient sum so to maintain unimpaired the said margin. n assessing the market value of the goods and arriving at the loan able value of the goods pledged after reserving the requisite margin, you shall be the sole Judge.

We undertake to insure and to keep insured the said goods at all times and from time to time its full value against fire and all other risks as required by you with Insurance companies approved by you and to deliver to you the policy or policies of Insurance duly transferred in your favour. In the event of my/ our failure to do so, you shall be entitled to insure the said goods at my/our expense and on my/our account and debit the charges to my/our account and I/We shall be bound to repay you on demand all such sums so paid by you or debited to my/our account.

In the event of loss or destruction by fire or

8

9

10

11

Other wise you shall be entitled to recover and receive all monies payable in respect of the insurance and appropriate it towards the debt due by me/us and the previous Clause (2) supra shall also apply in such cases as if there had been a realization of the value of the goods by sale.

I/We further agree that, notwithstanding the discharge of the debt due by me/us as security for payment of which I/We have pledged with you the goods documents of title to goods mentioned in the schedule here to you shall have the right to retain and hold such goods which may remain in my/our possession at the time of the discharge of the debt for which they were originally pledged as and by way of security for all other debts or liabilities of mine/ours owing to you on any account at any office of the Bank (whether singly or jointly, whether as principal debtor or as surety) and you shall have all the rights of a pledge over the said goods in respect of such debts or liabilities and all such, powers and discretions as are exercisable by you in respect of the goods so remaining.

I/We agree that you shall not be required to sell the goods pledged before suing me/us on the debt due, as it is purely optional on your part so to do and that we shall not dispute your right to sue me/ us on the debt due, retaining the goods/documents of title to goods pledged by me/us as security.

I/We agree that you shall not be answerable or responsible for any damage or depreciation which the said goods and property may suffer while in your possession and that we shall not also hold you responsible for any loss or shortage or dimi nution in quantity or weight of the goods caused by theft, burglar3’ or any other cause and that such loss or damages or depreciation or diminution shall be suffered and borne by me/us wholly.

I/We hereby acknowledge that you have accepted pledge of the goods hereunder on the distinct understanding that you shall not be held liable to me/us or my/our heirs, assignees, administrators or executors or any person claiming right or title to 8

12

13

14

the goods under or through me/us for

accountability on the ground of any shortage of

any quantity or any defect or variation in the

quality, nature, condition and contents of the said

goods as represented by me/us and that the

pledge of the goods was taken by you on the

faith of my! our representation as to the quantity,

quality, condition, nature and contents of the said

goods and without verification of the correctness

of my/our representation on the strength of which

wholly you were induced to act by me/us

(notwithstanding any certificate of any godown

keeper or other employee of the Bank

acknowledging receipt of goods as represented

by me/us or delivery to the Bank).

I/We hereby declare that I/We have every right to

pledge the goods/documents of title to goods

hereby pledged and to create a valid pledge

thereof in your favour and that there are no

encumbrances, lien or attachment of any kind or

any sort, over the• same.

I/We agree that all other securities given by

me/us on any other account or in respect of any

other transaction of mine/ours with you shall, in

so far as the same shall not have been exhaust,

be available to you as further security for the

debt or liability secured under this instrument of

pledge.I/We agree to have the Bank’s lien noted

in the Warehouse Certificate and deliver the

same to you before drawing any advance

together with an undertaking by Warehouseman

to the following effect that the goods or any part

thereof will not be permitted to be removed or

dealt with from the warehouse in any manner by,

the depositor without the written permission of

the Bank previously obtained; and that

notwithstanding any agreement to the contrary

between the depositor without the written

permission of the Bank previously obtained; and

that notwithstanding any agreement to the

contrary between the depositor and

warehouseman the goods will be delivered to the

Bank on demand without any reference to the

depositor or his consent; the Bank is at liberty to

15

16

17

18

inspect, through its officers, the goods under lien

to the Bank during the hours of business; that the

Warehouseman shall give notice to the Bank in

case of any loss or damage to the goods when it is

in deposit in the Warehouse and before taking any

action to auction the goods deteriorating or about

to deteriorate in the warehouse in accordance with

the State/Central Warehouse rules.

I/We agree to indemnify you and keep you

indemnified against all losses, damages, claims,

demands, costs, charges and expenses sustained

by you or made against you in respect of the

goods pledged under this instrument.

I/We further agree that the security delivered to

you from time to time shall be security to you for

the repayment of the ultimate balance outstanding

unpaid in the loan/overdraft/cash credit account

and I am /We are to remain liable for the balance

not withstanding the fact that by payments made

into the account, the loan/overdraft /cash credit

may stand reduced or extinguished other balance

in the said accounts brought to credit from time to

time or at any time.

I/We hereby accept that this pledge of mine/ours;

carries with it your right to repledge the said goods

to which I/We hereby expressly give my/our

consent.

I/We hereby agree as a pre-condition of the loan!

advances given to me/us by the bank that in case

I/We commit default in the repayment of the loan!

advances or in the repayment of interest thereon

or any of the agreed installment of the loan on due

date/s, the bank and/or the Reserve Bank of India

will have an unqualified right to disclose or publish

my/our name or the name of our company/firm!

unit and its directors/partners/proprietors and

defaulters in such manner and through such

medium as the bank or Reserve Bank of India in

their absolute discreion may think fit.

9

SCHEDULE

Description of Document WARE HOUSE RECEIPT NO.201600019 DATED.15/02/2016 ISSUEDBY M/S SREE SESHADRI COLD STORAGE PVT.LTD., BELLARY

Signature …………………………………. Address Sri.K RANGHAIH

S/O,W/O.S/O CHANNAIAH

GUMMUNURU KOTTAL

CHIPPAGIRI MANDALAM

KARNOL DST

10

Sree Seshadri Cold Storage Pvt. Ltd., Plot No. 1347, 163P, 182P, 183, KIADB Industrial Area, 2

nd Main,

3rd

Stage, Mundargi, Bellary.

LETTER OF UNDERTAKING The Manager,

Indian Overseas Bank,

Bellary.

Dear,

We wish to inform that MR/MRS. K RANGHAIH S/O,W/OS/O

CHANNAIAH,CHIPPAGIRI MANDALAM is approaching you to sanction a Loan of

Rs995000/= against the pledge of our Cold Storage Bond No. 201600019 dated

15/02/2016 Issued by us for the Value of Rs.1667040/= We have noted your lien in

the Bond and we hereby assure that we will release of your Bank’s lien.

We undertake and agree not to deliver or transfer or part with any of the goods

held under trust for the “Bank” to any of the specified borrowers of the Bank or to

their representatives or agents at any time except the written consent and authorization

of the officials of the Bank’s for release of the specified goods. We accept,

acknowledge and recognize first charge of the Bank over the goods.

Thanking you,

Yours faithfully,

Authorized Signatory/ Manager.

Schedule

Name and Address of the Party Description of Goods No. of Bags

Present

market

value Total

Rs.

Particulars

of

Insurance

Remarks

K RANGHAIH

S/O CHANNAIAH

GUMMUNURU KOTTAL

CHIPPAGIRI

MANDALAM

CHANNA

604BAGS/60KGS

BAGS/KGS

0BAGS/KGS

1667040/=

Authorized Signatory /Manager

23

Indian Overseas Bank, Bellary. Date : 15/02/2016

To,

Sree Seshadri Cold Storage Pvt. Ltd., Bellary.

Plot No. 1347, 163P, 182P, 183, KIADB Industrial Area,

2nd

Main, 3rd

Stage, Mundargi, Bellary.

Dear Sir,

Notice of the Bank’s Lien on Specified Goods.

Please take notice that MR/MRS. K RANGHAIH S/O,W/OS/O

CHANNAIAH,CHIPPAGIRI MANDALAM has/have assigned and endorsed over to the

Bank and deposited with this Bank as Security for advances granted to him/ them against Warehouse

Receipt No201600019 date 15/02/2016 issued by you covering Stocks.

Commodity/Variety No. of Bags/Units Approximate Qty Kg.

CHANNA 604BAGS/60KGS 36240KGS

BAGS/KGS 0KGS

0BAGS/KGS 0KGS

The aforesaid goods or any part thereof shall not at any time be delivered by you except on

the production of your receipt above mentioned duly discharged by the Bank or with the consent of

this Bank. This notice is sent to you in duplicate and we shall be glad if you will please return to us

one copy thereof duly signed by you, in taken of your having received it and of your agreement (a) to

hold such goods in future as Warehouseman for the Indian Overseas Bank and to continue so to hold

the same notwithstanding that the period up to which the goods have been accepted for deposit shall

have expired, and (b) not to sell, hypothecate, charge or otherwise deal with or dispose of the goods,

except where, in the case of goods of perishable nature, it is apprehended that by continued storage

they will deteriorate greatly in value or injure other property, in which event, you shall give such notice

as in reasonable and possible under the circumstances to the Indian Overseas Bank, being lawful

holder of the Warehouse receipt and also to MR/MRS. K RANGHAIH S/O,W/OS/O

CHANNAIAH,CHIPPAGIRI MANDALAM the original depositor requiring the goods to be

received from the Warehouse and if upon their failing to do so, your depose of the goods by public

sale the sale proceeds, less any costs incurred and charges due to you, shall be held by you on

account of the Indian Overseas Bank and shall be payable to the said Bank.

Your’s faithfully,

F-374 Senior Manager 11

The Bank’s lien has been noticed in Warehouse Register. The mention goods

or any part thereof will not be permitted to be received or dealt with from the

Warehouse in any manner by the depositor without the written permission of the

Bank previously obtained. Not with standing any agreement to the contrary with the

depositor, the goods will be delivered to the Bank on demand without any reference

to the depositor of his consent. The Bank is at liberty to inspect through its Officers,

the goods under lien to them during the hours of business. The Bank will be notified

of any loss or damage to the goods before taking any action to auction the goods in

accordance with State/Central Government Warehouse Rules.

Date : 15/02/2016. Signature of Warehouse

12

IINNDDIIAANN OOVVEERRSSEEAASS BBAANNKK DATE: 15/02/2016

PP..NNoo..4455,,AAnnaanntthhaappuurr RRooaadd ,,BBEELLLLAARRYY - 583101

PHONE 08392-275634,279928 Ref: ADVI

To

M/s/Mr./Ms./

SRI/SMT.K RANGHAIH S/O,W/O.S/O CHANNAIAH

,GUMMUNURU KOTTAL

CHIPPAGIRI MANDALAM,BELLARY

Sir (s) CREDIT SANCTION ADVICE

1. We refer to your loan application dated 15/02/2016 we also refer to the related correspondence and discussions seeking clarifications on various points raised by you/ us and the consensus of the terms and conditions and the credit facilities arrived.

We have pleasure in advising sanction of credit facilities as appended to this

communication on terms and conditions stipulated thereon.

- As and when you avail the said credit facilities, renewal of the limits at our option is due (i) at the end of twelve months from the date of this communication or (ii) from the date of our letter, if any, advising revalidation of this sanction:

2. Please note that:

2.a. bank reserves its right to amend, alter the terms and conditions or withdraw all or any of

the credit limits sanctioned at any time at its discretion without assigning any reasons

whatsoever.

2.b. the limits shall not be operative until specified documents are executed both by loanee /s

and guarantor/s and terms and conditions of sanction are complied with as per the

requirements of Sanctioning Authority / disbursing branch (es).

2.c. the credit facility should be utilised for the specific purpose for which the same has been

sanctioned and. if the bank has reason to believe that you have violated, or apprehends that

you are about to violate the said conditions the Bank shall have the option to exercise its right

to recall the entire loan or any part there of at once, in addition to its right to withdraw the

undrawn limits not withstanding anything contrary contained in this Sanction Advice. It is

affirmed that this right is without prejudice to the Bank's right to demand the Loan amount

for violation of other terms and conditions of the sanction and / or the terms reflected in the

loan / security documents to be executed by you.

13

2.d. the referred credit, facility is extended to you solely at the Bank's discretion. In addition

to what is stated in para 2.c., the Bank reserves the right to withdraw partially / wholly or

regulate such credit facility on the occurrence of anyone or all of the following events:

2.d.l. your non-compliance with terms and conditions of sanction

2.d.2. indulging in drawings beyond sanctioned limits.

2.d.3. issuing cheques for purposes other than specifically agreed.

2.d.4. indulging in large cash withdrawals not commensurate with the requirements estimated.

2.d.5. indulging in activities with are detrimental to the image / interest of the Bank viz., acts that are unlawful, malafide etc.

2.e. In terms of directives in force now or as may be modified from time to time default in

repayment of instalments and / or servicing of interest for a notified period, automatically

results in categorisation of all your borrowal accounts as Non Performing Asset (NPA). Such

categorisation renders you ineligible from seeking.

2.e.1. additional / adhoc credit facilities (Fund based and / or Nonfund based).

2.e.2. waiver of overdue interest. 2.e.3.

soft 2.e.3 recovery measures etc .

2.f. bank is under no obligation to consider your request, if any, for additional Credit facility

(ies) without a comprehensive review of the existing credit limits, operations in the accounts

and past performance in meeting commitments such as servicing of interest charged to the

loan account(s) repayment of loan instalments, prompt submission of stock-statements.,

upkeep of records of inventory and books of accounts, upkeep of machinery financed,

honouring commitments under LC / LG promptly etc, as applicable to the purpose for which

credit facility has been extended.

2.g. in the event of your borrowal account being overdrawn without prior agreement or

exceeding the agreed borrowing limit or in the event of delay / non-submission of stock

statement, Bank shall charge overdue interest at the rates specified from time to time .

The amount of such overdue interest debited to the loan account will find a place in the

Statement of Account received by you (presently such overdue interest is levied @.2..p.a. on

the amount due).

2.h.1. in the case of borrowal accounts where interest rate is linked to BPLR (Bench mark

Prime Lending Rate),or where fixed interest rate is specified by the Bank, changes if any, in

the Bank's BPLR and / or the spread (Viz. Plus or minus percentage factor to BPLR) or fixed

rate specified by the Bank, shall be conveyed through Press Report or Publicity through

media, or a suitable 'Notice' placed in the banking-hall of the branch and such mode of

communication shall be construed as sufficient "Notice" to you about the revision effected

in the interest rates.

14

2.h.2. The applicable interest rate/s will be charged with monthly/quarterly/half

yearly/annual rests, or such other rates and rests as may be notified by the Bank from time to

time.

2.h.3 The interest will be calculated and charged as per the daily balances, to your borrowal

account/s until the same is fully liquidated and the interest so charged will be paid by you as

per the terms agreed or as and when demanded by the Bank.

2.i. prepayment of your borrowal accounts will be subjected to the applicable repayment

charges and revised terms and conditions.

2.j. copies of loan documents to be executed by you for the credit facility(ies) referred herein,

will be provided at your cost, on receipt of a specific request in writing to the undersigned.

2.k. upon availment of credit facility on terms agreed, you have to produce necessary

documentary evidence for end-use and facilitate verification by the bank. As and when called

for, a certificate from your Auditor regarding end-use of the loan availed should be produced

to the bank.

2.1. change if any, in the constitution of your organisation viz Reconstitution of partnership

Firm or conversion of Private Limited Company into a Public Limited Company or changes

in Constitution / Directors, proposals for merger / takeover etc., should be advised

immediately to us in writing. The Bank has the sole discretion to accept or reject such

reconstitution / conversion/ changes and until such time, the same will have the right to

suspend the operation of the limits and in the event, the bank does not accept / recognise such

reconstitution / conversion / changes, the bank will have the right to recall the entire loans, in

addition to the right to withdraw the undrawn limits.

2.m. all your borrowal accounts with our branch / bank will be subjected to the application of

disclosure -norms prescribed by RBI.

2.n. this credit sanction is valid for an availment- period six months from the date of this

communication before which the said credit facilities are to be availed. Unless availed within

the period of six months, this sanction requires revalidation by the Sanctioning Authority, When the necessity for revalidation arises, you have to submit a written request letter to the

branch furnishing the reasons for the non-availment of credit facilities even after lapse of six

months from the date of this communication. Such request for revalidation will be evaluated by

the Sanctioning Authority and the validation of availment - period of sanction or otherwise will

be communicated to you. It is to be noted that request for revalidation of sanction will be

entertained only once.

2.p. your borrowal accounts are subject to the applicability of KYC (Know Your Customer)

guidelines in terms of directives from RBI currently in force. We seek your co-operation in

furnishing the required personal information / data under the requirements of KYC guidelines as

and when the same is sought by us.

15

2.Q. In case the borrower is a company falling under the purview of Campanies Act 1956, the

release of Credit Facilities will be subject to the Company holding valid “Corporate Identity

Number “(CIN) and all Directors of the Company holding Director’s Identification Number

“(DIN).

2.q.1 In respect of loan accounts (with credit limits of above Rupees Five Lacs) which are

renewed with delay, processing charges shall be collected proportionately for the period from the

due date of renewal up to the date of actual renewal as per the schedule of charges prescribed.

2.q.2 In addition to the processing charges for the lapsed period, processing charges shall also be

collected for one year from the date of actual renewal.

2.q.3 Processing charges calculated as above is appended:

For the lapsed period Rs. /=

For the next one year till( 15/02/2016

date)

Rs.3000 /=

Total Rs.3000 /=

This amount is non-refundable even if you do not take up the limits Renewed or foreclose the

loan/ facilities account within the period mentioned.

2.r. The information/data pertaining to all your borrowal accounts shall be furnished to Credit

Information Bureau of India Limited (CIBIL) and other Agencies/Authorities, from time to time in

terms of mandatory provision in force.

3. Guarantor/s is/are advised to take notice that the bank shall have the right to exercise

discretion with regard to allowing the loanee to withdraw amount from the loan account

over and above the limit sanctioned and the guarantee to be extended shall cover such an

eventuality also.

4. This Sanction Advice is being delivered to you in duplicate. Kindly return the duplicate

copy of this Sanction Advice duly signed on all pages by you as also by the guarantor/s in

token of your acceptance of Credit facility/ facilities sanctioned to you on the Terms and

Conditions specified herein.

Deputy / Second Line Manager First Line Manager

16

Name of Facility Limits Margin Interest Rate

AGRICULTURAL ADVANCES

SHORT TERM LOAN AGAINST

WAREHOUSE RECEIPTS

THROUGH M/s SREE SESHADRI

COLD STORAGE PVT LTD

995000/=

(RUPEES.NINE

LAKHS NINTY

FIVE

THOUSANDS

ONLY ONLY)

672040/= BPLR –-0.5%

Presently 10.25%

Prime Security : Against pledge of ware house receipt of the following commodity,

Commodity/Variety No. of Bags/Units Approximate

Qty Kg.

CHANNA 604BAGS/60KGS 36240KGS

BAGS/KGS 0KGS

0BAGS/KGS 0KGS

Repayment of Term Loan :

The loan should be repaid within 12 months after date of first disbursement. Holiday period interest

should be serviced as and when debited during the holiday period.

Guarantors :-

Terms and conditions

Other Terms and conditions:

1.You should pay/ regularize the account if the prices of goods tend to fall

Without allowing us to recourse to forced sale of goods by Bank.

2. The Goods deposited in the warehouse should be comprehensively insured for the full

value with the Bank’s clause by Warehouse.

Date : Deputy/Second line manager First line Manager

17

DEMAND PROMISSORY NOTE

RS. 995000/- PLACE: BELLARY

DATE: 15/02/2016

On Demand I/We K RANGHAIH S/O S/O CHANNAIAH,CHIPPAGIRI MANDALAM

jointly and severally Promise to pay INDIAN OVERSEAS BANK, or order, the sum of

Rupees 995000/-(Rupees. NINE LAKHS NINTY FIVE THOUSANDS ONLY

ONLY) for value received together with interest thereon at the rate of -0.5% percent

over/below the Bank’s Benchmark Prime Lending Rate as may be revised by the Bank from

time to time (which at present is 9.70%) and the present effective rate of interest at

percent per annum from this date until repayment in full with HALF YEARLY rests

or at such rates and rests as may be revised by the Bank on its own or as per the instruction of

the Reserve Bank of India from time to time.

(Signature of the Borrower/s)

2

ANNEXURE-II

INDIAN OVERSEAS BANK

BELLARY BRANCH

Name of the Applicant : K RANGHAIH

Appraisal Form for Advance against Warehouse Receipts

1. Details of crop produce & storage :

Sl.No. Name of the crop Quantity Market Value

(Rs.)

M S P Value

(Rs.)

1 CHANNA 36240 1667040

2 0 0

3 0 0

TOTAL 1667040

Sl.No. Warehouse/Cold

Storage Receipt

No.

Name of State/Centre Ware-house

Corporation/Private unit issued the Receipt

1 201600019 M/S SREE SESHADRI COLD STORAGE PVT., BELLARY.

Whether our lien is marked on Warehouse Receipt : Yes/No

If the warehouse/cold storage receipt is from private unit? : Yes/No

(An approved List of Warehouses/Cold storages from other banks/NABARD to be

obtained and maintained by Ros)

2. Proof of land record or lease agreement & Details : 54 TOTAL 3.93 ACARES

3. Declared that produce is free from any kind YES

of charge to others

4. Total value of all the produce : Rs. 1667040/=

Less Margin 40% : Rs.672040

Net eligible loan : Rs.995000

Terms of Repayment proposed : 12 Month ends on : 15/02/2017

Signature of Appraising Officer

SENIOR MANAGER

19

CERTIFICATE OF DOCUMENTATION FOR ADVANCES

FROM TO

NAME : UDAY KUMAR : THE SENIOR MANAGER ROLL NO : 51586 : INDIAN OVERSEAS BANK DESIGNATION: MANAGER II LINE : BELLARY BRANCH

=======================================================================

CREDIT FACILITIES ADVANCE DOCUMENTS

ACCOUNT: K RANGHAIH

FACILITY: CHANNA

AMOUNT: 9,95,000 ========================================================================

I hereby certify that the relevant advance documents as per instructions in the

Book of Instructions/ Documentation Manual and Circulars issued from time to

time/Sanction Endorsements have been obtained from the captioned borrower in

respect of the loan (Indicate nature of the loan)

___________________________________ facilities sanctioned by you/RO/CO

vide sanction No: ___________________________dated ________________

and that the documents are complete in all respects.

(SIGNATURE)

1

15 feb doc for whr

Documents