Application for External Commercial Borrowings (ECB)
under Approval Route
Instructions
The complete application should be submitted by the applicant through the designated authorised dealer to the Chief General Manager-In-Charge, Foreign Exchange Department, Central Office, ECB Division, Reserve Bank of India, Mumbai 400 001.
Documentation:
Following documents, (as relevant) certified by authorised dealer, should be forwarded with the application:
(i) A copy of offer letter from the overseas lender/supplier furnishing complete details of the terms and conditions of proposed ECB.
(ii) A copy of the import contract, proforma/commercial invoice/bill of lading.
_______________________________________________________________
PART-A- GENERAL INFORMATION ABOUT THE BORROWER
1. Name of the applicant
(BLOCK LETTERS)
Address
__________________________________
2. Status of the applicant
i) Private Sector
ii) Public Sector
______________________________________
PART-B-INFORMATION ABOUT THE PROPOSED ECB
_____________________________________
Currency Amount US$ equivalent
1. Details of the ECB
(a) Purpose of the ECB
(b) Nature of ECB [Please put (x) in the appropriate box]
| (i) | Suppliers' Credit |
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| (ii) | Buyers' Credit |
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| (iii) | Syndicated Loan |
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| (iv) | Export Credit |
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| (v) | Loan from foreign collaborator/equity holder (with details of amount, percentage equity holding in the paid-up equity capital of the borrower company) |
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| (vi) | Floating Rate Notes |
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| (vii) | Fixed Rate Bonds |
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| (viii) | Line of Credit |
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| (ix) | Commercial Bank Loan |
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| (x) | Others (please specify) |
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(c) Terms and conditions of the ECB
(i) Rate of interest :
(ii) Up-front fee :
(iii) Management fee :
(iv) Other charges, if any (Please specify) :
(v) All-in-cost :
(vi) Commitment fee :
(vii) Rate of penal interest :
(viii) Period of ECB :
(ix) Details of call/put option, if any. :
(x) Grace / moratorium period :
(xi) Repayment terms (half yearly/annually/bullet) :
(xii) Average maturity :
_________________________________________________________________
2. Details of the lender
Name and address of the lender/supplier
___________________________________________
3. Nature of security to be provided, if any.
________________________________________
PART C – INFORMATION ABOUT DRAW DOWN AND REPAYMENTS
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| Draw-down | Repayment of Principal | Interest Payment | ||||||
| Month | Year | Amount | Month | Year | Amount | Month | Year | Amount |
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PART D – ADDITIONAL INFORMATION
1. Information about the project
i) Name & location of the project :
ii) Total cost of the project : Rs. USD
iii) Total ECB as a % of project cost :
iv) Nature of the project :
v) Whether Appraised by
financial institution/bank :
vi) Infrastructure Sector :
a) Power
b) Telecommunication
c) Railways
d) Roads including bridges
e) Ports
f) Industrial parks
g) Urban infrastructure - Water supply, Sanitation and sewerage.
vii) Whether requires clearance from any :
statutory authority ? If yes, furnish
the name of authority, clearance no.
and date.
| 2. ECB already availed -(not applicable for the first time borrower) | |||||
| Year | Registration No. | Currency | Loan Amount | Amount disbursed | Amount outstanding* |
| 2003-04 |
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| 2002-03 |
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| 2001-02 |
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* net of repayments, if any, on the date of application.
PART E – CERTIFICATIONS
1. By the applicant
We hereby certify that -
(i) the particulars given above are true and correct to the best of our knowledge and belief.
(ii) the ECB to be raised will be utilised for permitted purposes
______________________
(Signature of Authorised Official of the applicant)
Place_______________
Name:_________________________________
Date________________ Stamp
Designation_____________________________
Phone No. ______________________________
Fax ________________________________
E-mail _________________________________
___________________________________________________
2. By the authorised dealer –
We hereby certify that –
(i) the applicant is our customer.
(ii) we have scrutinised the application and the original letter of offer from the lender/supplier and documents relating to proposed borrowing and found the same to be in order.
________________________________
(Signature of Authorised Official)
Place ________________ Name _________________________________
Date_________________ Stamp Name of the Bank/branch__________________
A.D.Code______________________________
_____________________________________________________________________
Ozg Fundraising Consultant
Ozg Fundraising TV
Email: funding.consultant@ozg.co.in
