CREDIT APPROVAL SUMMARY - GROUP

Branch Clifton Segment Corporate Orig. Unit Corporate Group ID 002661526/00 Related Party of No Date 2-Mar-22
Name 2661525 Askari Bank

Region South Account Grow Type of Request Fresh PEP No CA No. 2022/South-I/KHI/CAA/ Next Review Date 31-May-23
Strategy Corp/026

Borrower Legal Status Industry Sub Industry Account

Classification

M/s Dawlance (Private) Limited Pvt. Ltd. Company Electrical Equipment Consumer Electronics Regular

M/s United Refrigeration Industries Limited Public Ltd. Unlisted Company Electrical Equipment Consumer Electronics Regular

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CA Purpose:

The purpose of this credit proposal is to:

Dawlance (Private) Limited
1)To extend fresh working capital facilities of up to PKR 1,000.00 Million
2) United Refrigeration Industries Limited
1)To extend fresh working capital facilities of up to PKR 1,000.00 Million

Actual Projected CRR (ORR&FRR) External

Borrower Rating Agency External Rating Total Prop. Exposure
Yield ROCE Yield ROCE Current Previous
M/s Dawlance (Private) Limited 1.68% 28.00% 1.86% 32.00% 3-4 N/A N/A N/A #REF!
M/s United Refrigeration Industries Limited #REF! #REF! #REF! #REF! 7-4 N/A N/A N/A -
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Total Limit GRR Total Existing O/S

Group Name (As on DD.MM.YYYY)
Existing Proposed Existing Proposed
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Borrower: M/s Dawlance (Private) Limited

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
1
1.1
2
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Total - - - - -

Borrower: M/s United Refrigeration Industries Limited

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
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Total - - - - -

Borrower: #REF!

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
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Total - - - - -

Borrower: #REF!

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
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 CREDIT APPROVAL SUMMARY - GROUP
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 CREDIT APPROVAL SUMMARY - GROUP

Borrower: #REF!

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
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Total - - - - -

Borrower: #REF!

No Facility Existing Limit Outstanding as on Prop. FB Prop. NFB Net Change Proposed Existing Proposed Pricing Overdues
DD.MM.YYYY Expiry Pricing (Amount)
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Total - - - - -

Credit Policy Exception

Business Unit's Recommendations:

Designation Name Signature Remarks Date

RM/TL

Unit Head

RCH / RHS

RGM

CH
 CREDIT APPROVAL PACKAGE - GROUP

Branch Name Clifton Segment Corporate Orig. Unit Corporate Group ID 002661526/0026615 Related Party of No CA No. 2022/South-I/KHI/CAA/Corp/
25 Askari Bank 026

Region South Account Grow Type of Fresh PEP No Date 2-Mar-22 Next Review 31-May-23
Strategy Request Date

M/s Dawlance (Private) Limited

A. Borrower Names:
M/s United Refrigeration Industries Limited

Group Name Arcelik Group Group GRR A/3

B. Borrower's Detail:

Current Previous CRR Credit

Borrower Name Main Industry Sub Industry Legal Status CRR (Old Scale / New External Rating
Agency
External
Rating
Date
Established
Relationship
with AKBL
Account
classification
(New Scale) Scale - FRR) since
I
n
Dawlance (Private) Limited Electrical Equipment Consumer Pvt. Ltd. 3-4 N/A N/A N/A 16-Jan-91 Fresh Regular d
Electronics Company _
1
3I

United Refrigeration Industries Consumer Public Ltd. n

d
Limited Electrical Equipment Electronics Unlisted 7-4 N/A N/A N/A 1-Mar-80 Fresh Regular _
Company 1
3
C. CA Purpose:
The purpose of this credit proposal is to:
Dawlance (Private) Limited
1)To extend fresh working capital facilities of up to PKR 1,000.00 Million
2) United Refrigeration Industries Limited
1)To extend fresh working capital facilities of up to PKR 1,000.00 Million

D. Faculty Structure (Rupee In Millions)

Borrower Name: M/s Dawlance (Private) Limited
Existing Proposed

Facility No. Facility Funded Non Funded Outstanding Existing Expiry Funded Non Funded Proposed Proposed Net Change
Limit Limit Pricing Pricing Expiry
1 Running Finance 500.00 - 3MK + 0.50% 30-Jun-23 500.00
Relevant
1.1 Money Market (500.00) - KIBOR + 30-Jun-23 0.00
Spread

LC Sight/
2 Usance/Deferred - 500.00 0.02% Flat. 30-Jun-23 500.00
Payment (Foreign/
Local)
Maximum Limit 500.00 500.00 1000.00
Total Limit / Current Outstanding 1,000.00 1000.00

Borrower Name: M/s United Refrigeration Industries Limited

Existing Proposed

Facility No. Facility Funded Non Funded Outstanding Existing Expiry Funded Non Funded Proposed Proposed Net Change
Limit Limit Pricing Pricing Expiry

1 Running Finance 500.00 - 3MK + 0.50% 30-Jun-23 500.00

Relevant
1.1 Money Market (500.00) - KIBOR + 30-Jun-23 0.00
Spread

LC Sight/
2 Usance/Deferred - 500.00 0.02% Flat. 30-Jun-23 500.00
Payment (Foreign/
Local)
Maximum Limit - - - 500.00 500.00 1000.00
Total Limit / Current Outstanding - 1,000.00 1000.00
Total Limit / Current Outstanding - - -
Group Total - 1,000.00 1,000.00
(Separate Funded & Non-Funded)
Group Total - 2,000.00 2,000.00
(Total Funded & Non-Funded)

E. PURPOSE OF EACH FACILITY (Brief purpose of each facility to be mentioned in this section, detailed purpose along with justification of each facility to be covered in Credit Memo)

Borrower Name: M/s Dawlance (Private) Limited

FACILITY Tenor PURPOSE
Running Finance 1 Year To meet working capital requirement of the company
Money Market 1 Year To meet working capital requirement of the company

LC Sight/
Usance/Deferred 30-120 Days To facilitate import of Raw Material/ Spare Parts and other material in line with the company's business.
Payment (Foreign/
Local)

Borrower Name: M/s United Refrigeration Industries Limited

 CREDIT APPROVAL PACKAGE - GROUP

FACILITY Tenor PURPOSE

Running Finance 1 Year To meet working capital requirement of the company
Money Market 1 Year To meet working capital requirement of the company

LC Sight/
Usance/Deferred 30-120 Days To facilitate import of Raw Material/ Spare Parts and other material in line with the company's business.
Payment (Foreign/
Local)

F. Faciliy Repayment
Borrower Name: M/s Dawlance (Private) Limited
Facility Principal / Markup Repayment
Principal To be repaid through customer's own source on demand or at the time of expiry
Running Finance
Markup Markup to be serviced on calendar quarterly basis.

Principal To be repaid through customer's own source on demand or at the time of expiry
Money Market
Markup Markup to be serviced at maturity.

LC Sight/ Principal Imports documents to be retired through company's own source and / or by utilization of RF / MM line. Commision to be recovered upfront.
Usance/Deferred
Payment (Foreign/
Local) Commission Commision to be recovered upfront.

Borrower Name: M/s United Refrigeration Industries Limited

Facility Principal / Markup Repayment
Principal To be repaid through customer's own source on demand or at the time of expiry
Running Finance
Markup Markup to be serviced on calendar quarterly basis.
Principal To be repaid through customer's own source on demand or at the time of expiry
Money Market
Markup Markup to be serviced at maturity.
LC Sight/ Principal Imports documents to be retired through company's own source and / or by utilization of RF / MM line. Commision to be recovered upfront.
Usance/Deferred
Payment (Foreign/ Commission Commision to be recovered upfront.
Local)

G. Existing Security Structure:

Borrower Name: M/s Dawlance (Private) Limited

FACILITY Description of Collateral Valuation Date Charge Amount Ranking Margin MV FSV DP

N/A

Borrower Name: M/s United Refrigeration Industries Limited

FACILITY Description of Collateral Valuation Date Charge Amount Ranking Margin MV FSV DP

N/A

Proposed Security Structure:

Borrower Name: M/s Dawlance (Private) Limited

Facility Description of Collateral Valuation Date Charge Amount Ranking Margin MV FSV DP

Running Finance
1st pari passu hypothecation charge over stocks and receivables with
Money Market 25% margin. Initial disbursement on ranking charge; to be upgraded
to first pari passu within 180 days from first drawdown 1st Parri
LC N/A 1,333.33 Passu/1st Join 25% 1,333.33 1,000.00 1,000.00
Usance/Deferred Parri Passu
Payment (Foreign/
Local)

Cash Margin Nil

LC-Sight Lien on Import Documents for LCS and Accepted drafts for LCU. N/A N/A N/A or as per SBP N/A N/A N/A
Requirements

Borrower Name: M/s United Refrigeration Industries Limited

Facility Description of Collateral Valuation Date Charge Amount Ranking Margin MV FSV DP

Running Finance
1st pari passu hypothecation charge over stocks and receivables with
Money Market 25% margin. Initial disbursement on ranking charge; to be upgraded
to first pari passu within 180 days from first drawdown 1st Parri
LC N/A 1,333.33 Passu/1st Join 25% 1,333.33 1,000.00 1,000.00
Usance/Deferred Parri Passu
Payment (Foreign/
Local)

Cash Margin Nil

LC-Sight Lien on Import Documents for LCS and Accepted drafts for LCU. N/A N/A N/A or as per SBP N/A N/A N/A
Requirements
 CREDIT APPROVAL PACKAGE - GROUP

H. Borrower's Yield & ROCE

Actual Projected
Sr. No. Borrower Name
Yield ROCE Yield ROCE
1 M/s Dawlance (Private) Limited 1.68% 28.00% 1.86% 32.00%

Actual Projected
Sr. No. Borrower Name
Yield ROCE Yield ROCE
2 M/s United Refrigeration Industries Limited 1.50% 12.00% 1.50% 15.00%

I. Special Terms & Conditions (DPL & URIL)

1-Approval for waiver of stock report to be furnished in the format provided to all lenders.
2-Approval for issuance of Shipping Guarantee against LCU against after obtaining Trust Receipt and all discrepancy acceptance letters.
3-Premium will be paid regularly as per Client's arrangement with Insurance companies and PPR will be submitted before expiry of insurance policy.
4-Cover note to be acceptable up to 3 months from the date of insurance expiry.
5-Shipping guarantee(s) to be issued against 100% cash margin only or by blocking of RF line or a combination of both.
6-Freight forwarder / house/ charter party /airway bill of lading to be accepted for import of raw material and waiver of PPR and obtaining undertaking for all discrepancies.
7-Stock reports to be provided by the client within 30 days and stock report for the quarter end to be provided within 50 days.
8- Contract/collection pricing to be charged at LC pricing i.e. 0.05% flat.
9- All lines to be treated independently of each other with respect to the credit documentation i.e. in case documentation of one is not complete the same may be blocked without affecting operations in other credit
lines.
10- Stocks to be insured only against Fire, Riots & Strike Damages, Earthquake, Malicious Damages.
11- The requirement of Premium Payment Schedule shall be waived as premium is paid on quarterly basis in arrears and open cover note shall be valid till 180 days. Premium to be paid regularly as per Client's
arrangement with Insurance companies and PPR will be submitted with different intervals/ amounts depending upon stock value.

J. Credit Policy Exceptions / Waivers or Deferrals (DPL & URIL)

a. Credit Policy Exceptions Approval No. Approval date Valid date

1 (Detail of all Credit Policy Exceptions to be mentioned here, wherein exception approval to be raised on
respective format and must be attached with the CA).
b. Proposed Deferrals / waivers
1-Waiver of eCIB and WEBOC/PSW charges.
2Waiver of mentioning of AKBL Share in all policies therewith and approval for obtaining Premium Guarantee Certificate instead of PPR.
3-Waiver of theft/burgalry clauses in insurance policy.
4-Waiver of CLP processing fee & NOC issuance charges; same will be charged on best effort basis.
5- Waiver for terrorism Insurance Policy.
6- Waiver of submission of Annexure A and C at the time of LC establishment and retirement

c. Existing Approved Deferrals / Waivers: Approval No. Approval date Valid date

1 N/A N/A N/A N/A

K. Other Confirmations:
Brief description of missing document or non compliance (detail to be discussed in memo)
Proposal is in conformity with Prudential Regulations. Yes
DAC Issued No
Any shortfall in security. No
Over dues/Default/Restructuring/Rescheduling in CIB of the Company / Directors/ No
Associates
Oustanding RCAD Exceptions No
Terms and condition of approvals arranged in last year fully complied. Yes

Business Unit's Recommendations

Designation Name Signature Date Remarks Contact #

RM Neelam Deepak

TL Abdullah Hashim Vohra

UH Farhan Ahmed Abbasi

RCH Danial Shah

Business Group Head's Recommendation / Approval (As Applicable):

Recommended by: Approved by:

Signature: _______________________ Signature: _______________________
Name: _______________________ Name: _______________________
Designation: _______________________ Designation: _______________________
Date: _______________________ Date: _______________________

Risk Management Group's Recommendation / Approval:

Recommended by: Recommended by: Recommended by:

Signature: _______________________ Signature: _______________________ Signature: _______________________

Name: _______________________ Name: _______________________ Name: _______________________

Designation: _______________________ Designation: _______________________ Designation: _______________________

 CREDIT APPROVAL PACKAGE - GROUP
Date: _______________________ Date: _______________________ Date: _______________________

Approved by:

Signature: _______________________

Name: _______________________
Designation: _______________________
Date: _______________________
President's Approval (If Applicable):
Approved by:

Signature: _______________________
8/30/2018
2/26/2019