IDBI BANK LIMITED

RBG, Shankchura (Sol 1355)

Name of Firm: M/S Megha Enterprise.
Submitted to CSC
Name of the Firm M/S Megha Enterprise
Proprietor: Shri Giasuddin Mondal
Constitution Proprietorship Firm
Line of Activity M/S Megha Enterprisea Proprietorship firm started by Shri Giasuddin Mondal. The firm is having
GSTIN NO 19AJVPM5617KIZE and registered office at M/S Megha Enterprise, Nimdaria
Kodalia Gram Panchayet; Shankchura Village, P.O Taki, Basirhat I Block, North 24 Parganas,
Westbengal, Pin 743429. N/L Shankchura Bazar.
Mr Giasuddin Mondal is graduate by qualification and have had good track record as per the
banking arrangement and professional career is concerned. He is also known for his quality
services as per the completion certificates obtained from various Govt. Departments he had Served
with. The firm is engaged in government construction business for last 10 years. They are mainly
executing projects of Sundarban Development Board(SDB) ;W.B.S.R.D.A. South 24 parganas and
Zila Parishad North 24 Parganas as per work orders allotted. At present the firm is having
following work orders in hand worth Rs Rs 237.42 Lakhs.
The said firm has valid trade license issued by Nimdaria kodalia gram panchayat till 31st March,
2025.Applicant firm is also engaged in trading of agricultural products and Wholesale Allopathy
Medicine.
YTD Figure and debtor-creditors details analyzed and found satisfactory as business volume is
reflecting steady growth.
Stock registers are being maintained properly. Regular sign of acquisition and sell noticed. Books
of accounts are being maintained properly and almost all transactions are being routed through the
account.
Proprietor Shri Giasuddin Mondal
Banking with us since 09-10-2015
Product (specify name of the
product) Property Power
Last Sanction date (In case N.A.
of existing relationship)

Exposure: Rs 50.00 lakhs (Rs Lakh)

Type of Assistance Sanction Limit ROI/Commission

Fund Based Existing Proposed O/s. O/d Existing Proposed

Assistance
Sought
Running - Overdraft -Rs N.A. N.A. - RLLR(Y)+1.35%
PC/R-PCFC/FBD/FBP/FBN/EBR 50.00 Lakhs
Total Fund Based - Overdraft -Rs N.A. N.A. - RLLR(Y)+1.35%
50.00 Lakhs
Bank Guarantee - - N.A. N.A.
Forward Contract Limit / LER N.A. N.A. N.A. N.A. N.A.
Total Non Fund Based N.A. N.A. N.A. N.A. N.A.
Gross Total Rs 50.00 N.A. N.A. RLLR(Y)+1.35%
Lakhs
 Forwarding to CPC
Name of the Firm: M/s Megha Enterprise

SECURITY:
Primary Security: 1.EM on Property
2. Extension Of Charge proposed on existing mortgage.
Collateral Security: N.A.

Facility Details of Security Valuation details:

CC / EPC/RPC /RPCFC Following properties proposed to be obtained as Primary Valuation details:

/FBP/FBN/FBD/EBR & Security. TIRs done by Bank Empanelled advocate. Valuation done by Bank
BG and LER(Forward - Md. Minhazuddin/Legalglobus Law Firm empanelled valurer.
Contract)
Property 1
Apartment No. B/106/0304 at SPANDAN Block located at Property 1
Plot No. E/1 (Phase 2B), Cluster B, Staircase No. 106 on the
3rd Floor measuring about 320 sq. ft. more or less Carpet Area Basudeb Dey dated 16-08-2022
consisting of 1 Bed Room, 1 Living cum Dining Room, 1 RSV: 18.39 Lakhs FMV: 16.55
Kitchen, 1 Balcony and 1 Toilet together with In-Stilt Two- Lakhs
Wheeler Parking space bearing number B-106/S5 on the
Ground Floor in Mass Housing Complex namely “SP-
SHUKHOBRISHTI” constructed upon an entire land
measuring 150 Acres at Plot nos. E/1 & E/2, North Bagjala
Canal, Action Area- III in New Town Rajarhat, P.S. New
Town, Kolkata- 700135 Property 2

Property 2 Basudeb Dey dated 16-08-2022

Apartment No. B/105/0403 at SPANDAN Block located at RSV: 18.39 Lakhs FMV: 16.55
Plot No. E/1 (Phase 3), Cluster B, Staircase No. 105 on the 4 th Lakhs
Floor measuring about 320 sq. ft. more or less Carpet Area
consisting of 1 Bed Room, 1 Living cum Dining Room, 1
Kitchen, 1 Balcony and 1 Toilet together with In-Stilt Two-
Wheeler Parking space bearing number B-105/S14 on the
Ground Floor in Mass Housing Complex namely “SP-
SHUKHOBRISHTI” constructed upon an entire land Property 3
measuring 150 Acres at Plot nos. E/1 & E/2, North Bagjala Basudeb Dey dated 16-08-2022
Canal, Action Area- III in New Town Rajarhat, P.S. New RSV: 18.39 Lakhs FMV: 16.55
Town, Kolkata- 700135 Lakhs

Property 3
Apartment No. B/106/0404 at SPANDAN Block located at
Plot No. E/1 (Phase 2B), Cluster B, Staircase No. 106 on the 4 th
Floor measuring about 320 sq. ft. more or less Carpet Area
consisting of 1 Bed Room, 1 Living cum Dining Room, 1
Kitchen, 1 Balcony and 1 Toilet together with In-Stilt Two-
Wheeler Parking space bearing number B-106/S6 on the
Ground Floor in Mass Housing Complex namely “SP-
Property 4
SHUKHOBRISHTI” constructed upon an entire land
measuring 150 Acres at Plot nos. E/1 & E/2, North Bagjala
S. Nandi & Associates
Canal, Action Area- III in New Town Rajarhat, P.S. New dated 08-12-2022
Town, Kolkata- 700135 FMV: 73.35 Lakhs RSV: 66.01
Lakhs
Property 4:
Extension Of Charge proposed on existing
mortgage.Details of the Property:
Piece and parcel of land and building measuring about 01
Cottah 08 Chittacks 09 Sq. ft. be the same or a little more or
less under R.S. Dag No. 200 corresponding to L.R. Dag No.

2
 Forwarding to CPC
Name of the Firm: M/s Megha Enterprise

2895 comprised under R.S. Khatian No. 135 corresponding to

L.R. Khatian No. 2163 corresponding to Present L.R. Khatian
No. 4839 lying and situated at Mouza Bonomalipur, J.L. No.
80, Re. Su. No. 226, being Municipal Holding No. 10/1/1,
Bonomalipur Road, within the local limits of Barasat
Municipality, within Ward No. 14, P.S. Barasat, Dist. North 24
Parganas, Pin. 700124.

Comments/Recommendation of Relationship Manager/Asset Officer

Justifications for recommending the proposal:

Fresh sanction of Overdraft (OD) Under “Property Power” is recommended considering that –

 The Applicant is a reputed businessman and associated with the followings firms/company.
M/S Megha Enterprise (Proprietorship Firm)
 Security coverage of more than 130% has been proposed for this proposed facility. The proposed Overdraft
facility will be covered under PSL, Small Service Industry; which is a present thrust of the bank. The proposal also
qualified for Regulatory Retail Portfolio, thus attracting lower risk weight of 75%.
 For M/S Megha Enterprise,the business is running in full swing, stock of unit and Book Debt(Government of
WB) is adequate during time of visit. As examined the cash credit/current account Statement, sales are being routed
through account. Books of account are properly maintained. Financial Parameters of the firm is also satisfied with
bank’s product guidelines.
 The firm mostly deals with the Several Government departments (100% of Total Work Orders) and at present
having work orders of more than 2.37 crore in hand to execute in coming days.
 Due to Lower pricing and locational proximity and recent additional work order allocation, the Firm has
decided to take credit facility to IDBI Bank .More Over IDBI Bank has already sanctioned credit facilities in
individual capacity of proprietor and repayment track record is good.

Comments/ Recommendation of Branch Head

In view of the above and as the sanction of aggregate assistance by means of Fresh sanction of OD Facility of Rs 50.00
Lakh to M/s Megha Enterprise falling beyond the sanctioning powers of Branch Head, the proposal as stated in the Due
Diligence Report ,it is recommended for sanction at CSC Kolkata as per extant DoP.