Slip 3
[AD/MA /6 /1999]

ECB 6
[Paragraph 7B. 8A ( i ) ]

Application for permission to raise External Commercial Borrowings under
USD 5 million Scheme/ USD10 million Scheme

Instructions:
1. The application complete in all respects should be submitted in duplicate by the applicant
company through the authorised dealer to the Chief General Manager, Exchange Control
Department, Central Office, ECB Division, Reserve Bank of India, Mumbai - 400 001. In
case the credit facilities are availed of from a consortium of banks, the application should
be submitted through the lead bank.
2. No column should be left blank and/or omitted. Where any column/item is not applicable,
please indicate "Not applicable" against it.
3. Before forwarding the application to Reserve Bank, the authorised dealer should
carefully scrutinise the application for raising the proposed foreign currency loan and
ensure that the application is complete in all respects.
4. Please furnish the details in a separate sheet wherever space is not sufficient.
Documentation:
5. Following documents duly certified by Authorised Dealer should be forwarded with the
application.
(i) A copy of offer letter from the overseas lender furnishing complete details of the
proposed loan arrangement and its terms and conditions.
(ii) Bank certificates in respect of export realisation for last 3 years in case the
application is being made under Exporters’/Foreign Exchange Earners’ Scheme.
(iii) Copy of credit rating awarded by a recognised credit rating agency and copy of
RBI registration certificate if the applicant is a NBFC.
(iv) Copies of FIPB/SIA/CCEA approvals wherever applicable.
PART –A – CATEGORY OF ECB APPLICATION
The Application is being submitted under following Scheme
( Please put cross ( X ) in the correct box)
(1) Under USD5 million scheme
(2) Under USD10 million scheme for
(a) Exporter’/Foreign Exchange Earners’ Scheme
(b) Long Term Borrowers’ Scheme
(c) Infrastructure Projects
(d) Guarantee from abroad for credit enhancement
(e) Others
PART B - GENERAL INFORMATION ABOUT THE BORROWER
1. Name of the applicant
Company/firm [BLOCK LETTERS]
2. Address
Private Sector Public Sector NBFC
( Indicate RBI
registration
number)
3. Status of the applicant firm/company
4. Nature of business and activities of the
applicant in India
5. Details of all Foreign Currency Loans (ECB) availed of and/or approval obtained by the
applicant and by its Group companies during last 3 years.
Amount
(USD Equivalent)
Sr.
no.
Name of
the
Company
RBI/GOI
approval
details
Amount of loan
sanctioned/
drawn down
Amount
outstanding
Due date of
final
repayment
Purpose for
which loan
was taken
1 2 3 4. 5. 6. 7.
6. Details of ECB proceeds parked abroad
Sr.
No.
Name of the bank
Amount
(in USD
equivalent)
Period for which permission
has been obtained from RBI
for parking the funds abroad
Details of RBI
permission
obtained, if any.
1 2 3 4 5
PART - C – INFORMATION ABOUT THE PROPOSED LOAN
Details of the loan
(i) Amount of loan with Currency
(ii) US Dollar Equivalent
7.
(iii) Purpose of the loan
Nature of ECB
(a) Supplier’s Credit
(b) Buyer’s Credit
(c) Syndicated Loan
(d) Export Credit
(e) Loan from foreign Collaborator/Equity holder
8.
(f) FRN/ Bonds
(g) Others ( Please specify)
Terms and conditions of the loan
(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 Loan
(ix) Grace /moratorium period
(x) Repayment terms
( half-yearly/annually/bullet)
9.
(xi ) Average Maturity
Details of the lender
(i) Name and address of the lender/supplier
10
(ii) Is the lender is in any way connected with the
borrower? If yes, please furnish details.
11 Nature of security to be provided, if any.
Additional Information required for applications under USD10 million scheme
12 Details of the project
(i) Total project cost in rupees (crores)
(ii) Total project cost in USD
(iii) Financing plan for the project
( Details of the institutional funding, foreign as well as
domestic, should be furnished)
(iii) Expected date of commissioning
Financial Ratios
(i) Ration of foreign debt to foreign equity
(ii) Ratio of total debt to total equity
13
(iii Total ECB as a percentage of total project cost
14 Export realisation (in USD equivalent) of the applicant
company during the current and previous 3 years
( To be furnished only in case of applications under
Exporters’/Foreign Exchange Earners’ Scheme)
15 Has the project been appraised by any financial
institution/bank.?
If answer is yes, furnish a summary of financial aspects of
the appraisal certified by Chartered Accountant of the
applicant company.
Yes/ No
PART D - INFORMATION ABOUT DRAW DOWN AND REPAYMENTS
16 Name and address of the authorised dealer
through whom the loan amount will be routed
Proposed schedule of draw down of loan and
repayment/payment of principle / interest:
Draw down Repayment/ Payment
Month and Year Amount Principal Interest
17
PART E – Undertaking/Declaration
We hereby certify/undertake that -
i) the amount of ECB to be raised will be utilised for the purpose as indicated in this
application;
ii) we shall not, under any circumstances, use the loan proceeds for investment in stock
market and real estate;
iii) we shall not pay/reimburse/compensate, the overseas lender for the above loan
in any manner and form whatsoever, any charge, commission, etc., other than those
approved by Reserve Bank of India,
iv) we undertake to obtain permission /licence/No Objection Certificate, wherever
applicable, from the concerned State/Central Government authority/body.
v) the particulars given above are true and correct to the best of our knowledge and belief.
Further, no material information has been withheld and/or misrepresented which could
affect Reserve Bank's decision on this application.
________________________________
(Signature of authorised official
of the borrower firm/company)
Place: _________________
Date : _________________
Name: ________________________________
Designation____________________________
Stamp/ Seal of the applicant
Part F - Certificate from Authorised Dealer
We hereby certify that -
i) the applicant is our customer for the last ----- years and has good track record;
ii) we have scrutinised the application and the original letter of offer from the lender for the
proposed borrowing arrangement and have found the same to be in order. The relevant
particulars have been correctly reported in this application;
iii) the particulars given above are true and correct to the best of our knowledge and belief.
We recommend favourable consideration of the request.
________________________________
(Signature of Authorised Official)
Name : ______________________________
Designation : ________________________
Name of bank/
branch : _________________________
Place:__________________ A.D. Code : ________________________
Date: __________________
Stamp________________________________