Reporting of loan agreement details under Foreign Exchange Management Act, 1999

                                                  Form-83                                           

(Reporting of loan agreement details under Foreign Exchange Management Act, 1999)

To be submitted in duplicate by the borrower to designated Authorised Dealer (AD) for all categories and any amount of external commercial borrowing (ECB). After examining conformity with the extant ECB guidelines, the AD may provide requisite details in Part F of the Form and forward one copy (within 7 days from the date of signing loan agreement between borrower and lender) for allotment of Loan Registration Number (LRN) to:

The Director                                                                                            

Balance of Payments Statistics Division

Department of Statistics and Information Management (DSIM)

Reserve Bank of India

C-8-9 Bandra-Kurla Complex

Mumbai – 400 051

Agreement Details (To be filled by borrowers of External Commercial Borrowings)

ECB under (Tick one) >>

Approval Route

Automatic Route

In case of Approval Route

No. and Date of RBI-FED approval: (attach copy of approval letter)

Loan Key Number (allotted by RBI)

Earlier Loan Registration No. (Applicable only for Revised Form-83)

Part A: Borrower details

Name and address of the Borrower (in BLOCK letters) Registration Number given by the Registrar of Companies: PAN Number of Company: Business Activity: Contact Official’s Name:                   Designation: Phone No.     : Fax No.         : E-mail ID      : (No item should be left blank)

Borrower Category (Tick one)

Public Sector

Private Sector

Detailed Category (Tick one)

Corporate - Manufacturing

Corporate - Infrastructure

Corporate –Service Sector - (Hotels, Hospitals and Software)

Corporate – Service Sector – (Other than Hotels, Hospitals and Software)

Bank

Financial Institution (other than NBFC)

NBFC- IFC

Reg. No.

NBFC- MFI

Reg. No.

NBFC- Others

Reg. No.

Non-Government Organization (NGO)

Micro Finance Institution (MFI)

Others (Specify)

Part B: Lender details

Name and address of the lender/ lessor /foreign supplier (in BLOCK letters) Country: E-mail ID      : (No item should be left blank)

Lender Category (Tick one)

Multilateral Financial Institution

Foreign Government (Bilateral Agency)

Export Credit Agency

Indian Commercial Bank branch abroad

Other Commercial Bank

Supplier of Equipment

Leasing Company

Foreign Collaborator / Foreign Equity Holder

International Capital Market

Regional Financial Institution

Government Owned Development Financial Institution

Others (Specify)

Details of foreign equity holding of the lender in the borrower company: (a)     Share in paid-up equity of the borrower (%)

(b)              Amount of paid-up capital

ECB-Liability: equity ratio in case of borrowings above USD 5 million from foreign equity holder :

Part C: Loan Details

Loan Agreement Date (YYYY/MM/DD)

/

/

Effective Date of the Loan

/

/

Last Date of Disbursement

/

/

Maturity Date (Last payment date)

/

/

Grace Period (if in agreement)

Years

Months

Currency Name 1. 2. 3.

Currency Code (SWIFT)

Amount (in Foreign Currency) 1. 2. 3.

Equivalent Amount (in US Dollars) (as on date of this form)

Proposed Bifurcation of the amount

Foreign Currency Expenditure

Rupee Expenditure

(in loan currency)

Hedging details (Tick one)

Currency Swap

Interest Rate Swap

Others

Unhedged

In case options are provided in the loan agreement (tick in the appropriate box)

Call Option

___  per cent of Debt

Can be executed after date

/

/

Put Option

___  per cent of Debt

Can be executed after date

/

/

Name and address of the Guarantor (in Block letters) Contact Official’s Name:                                                Designation                  : Phone No.:                                              Fax No.:                                  E-mail id: Guarantee Status Code (as per Box 1):

Borrowing Purpose Code (as per Box 2): (In case of multiple purpose, give break up of amount to be utilised under each purpose as Annex)

Project Details:

If import, specify the Country of import (if more than one country, attach details as Annex):

Economic Sector/ Industry Code  (See Box-3)

Type of ECB (Tick in appropriate box)

1.Buyers’ Credit

2.Commercial Loan / Syndicated Loan (attach sheet for percentage distribution among lenders)

3.Suppliers’ Credit

4.Export Credit from Bilateral Sources

5.Line of Credit

6.Securitised Instruments (Bonds, CP, FRN, etc.)

7.Financial Lease

8.FCCB, FCEB, Non-Convertible Preference Shares, Optionally Convertible Preference Shares, Partially Convertible Preference Shares

9.Refinancing of old ECBs                                                 LRN of the old ECB:                             Approval No.                             Date of Approval:     Amount refinanced:                               Reason:

10.Others (Specify)

Interest Payment Schedule

First Payment Date

/

/

No.of payments per year

Fixed Rate

Floating Rate

Base with currency

Margin

Cap Rate

Floor Rate

Drawdown Schedule

Tranche No.

Date* (YYYY-MM-DD)

Currency

Amount

If more than one equal installment#

Total No. of drawals

No. of drawals in a calendar year

* 1. In case of import of goods or services, date of import is to be furnished against date of drawdown.    2. In case of financial lease, date of acquisition (import) of the goods is to be mentioned as date of drawdown.    3. In case securitised instruments, date of issue has to be shown as date of drawdown.    4. In case of more than one equal drawdown transactions are shown in a row, the first date of transaction should be mentioned. # If drawdown is in unequal installments, details should be given in Annex.

Principal Repayment Schedule

Date (YYYY-MM-DD)

Currency

Amount

If more than one equal installments #

Total No. of payments

No. of payments in a calendar year

# If repayment is in unequal instalments, details should be given in Annex. Part D: Other Charges

Specify Nature of charge

Expected Date of Payment

Currency

Amount

In case of multiple equal payments

No. of payments in a year

Total number of payments

Penal Interest for late payments Fixed               %  or   Base:                     Margin: Commitment Charges                         % per annum of:               % of Undrawn Amount: Part E: Details of ECB already availed (not applicable for the first-time borrower)

Year

Loan Reg.No. (LRN)

Currency

Amount of Loan

Principal (as per agreement)

Disbursed so far

Net outstanding (Principal)

We hereby certify that the particulars given above are true and correct to the best of our knowledge and belief and no material information has been withheld and/or misrepresented. Furthermore, the ECB is in compliance with the extant ECB guidelines.

Place: __________                                         ___________________________________________________

                                                                                   (Signature of the Authorised Official of the Company)

Date: ___________         Stamp                   Name: ______________________ Designation:______________

Place:_____________                                   ___________________________________________________

                                                                                     (Signature of Company Secretary/ Chartered Accountant)

 Date:_______________ Stamp                             Name: _________________________________________

          

                                                                                       Registration No.:______________________________

Part F: [To be filled-in by the Authorised Dealer]

We have scrutinized the related documents and confirm the following:

1	End-use (give % share if more than one end-use)		(i) (ii) (iii)	Tick one
				Permissible under Automatic Route	Approved by Foreign Exchange Department, RBI under Approval Route
2	Average Maturity		Years		Months
3	Cost Factors (%)		Fixed Rate Loan	Floating Rate Loan
				Margin (spread) over base		Base
	a) Interest Rate
	b) All-in-cost
4	In case of loan from ‘Foreign Equity Holder’, it is confirmed that: a)    Direct equity holding of lender is at least 25per cent of the paid-up equity (as per FCGPR taken on record by RBI / FCTRS return taken on record) b)    Including the proposed borrowing, the “ECB Liability – Equity Ratio” (4:1) criteria is satisfied for borrowings of more than US $ 5 million
5	Borrower has given written undertaking to AD to the effect that it has been submitting ECB-2 Returns regularly to RBI in respect of past ECB/FCCB loans)					Yes / Not Applicable
6	Other important facts relevant for the allotment of LRN

We certify that the borrower is our customer and the particulars given in this Form are true and correct to the best of our knowledge and belief. This application complies with the extant ECB guidelines and we recommend it for allotment of Loan Registration Number (LRN) by RBI.

Place: __________                     Stamp                  __________________________________________________

                                                                                   (Signature of the Authorised Official)

Date: ___________                                            Name: ________________ Designation:__________________

                                                                              

    Name of the bank/ branch _____________________________

    AD Code (Part I and Part II):___________________________

    Tel,No.:___________________Fax No.____________­­­­­­­­­_______

    e-mail ID: __________________________________________

For RBI (DSIM) Use only

CS-DRMS Team	Received on			Action Taken on				Loan Classification
LRN (if allotted)

Instructions for Submitting Form 83

1. All dates should be in the format YYYY/MM/DD (e.g., 2012/01/21 for January 21, 2012).
2. No item should be left blank. In case, any item is not applicable, write ‘N.A.’ against it.
3. If space is not sufficient for giving full details against any item, separate sheet(s) may be attached to the Form and serially numbered as Annex. Each such Annex should be certified by both the borrower and AD.
4. The borrower should give a brief description of his business activity (whether in manufacturing/ trade/ provide services etc.) for the AD’s use.
5. Before forwarding the Form to the Reserve Bank of India, AD must ensure that the form is complete in all respects and scrutinise all the related original documents at its end. Incomplete Forms are liable to be rejected/returned by RBI to AD.
6. Firms/ companies obtaining sub-loans through DFIs/ FIs/ banks/ NBFCs etc. should not complete this form but approach the concerned financial institutions directly for reporting.
7. Following codes are for use in filling Part C of the Form:

Box 1: Guarantee Status Code				Box II: Borrowing Purpose Code
Sr.No.	Code	Description		Sr.No.	Code	Description
1	GG	Govt. of India guarantee		1	IC	Import of capital goods
2	CG	Public Sector guarantee		2	RL	Local sourcing of capital goods (Rupee expenditure)
3	PB	Public Sector Bank guarantee		3	SL	On-lending or sub-lending
4	FI	Financial Institution guarantee		4	RF	Refinancing of earlier ECB
5	MB	Multilateral/ Bilateral Institution guarantee		5	NP	New Project
6	PG	Private Bank guarantee		6	ME	Modernisation/Expansion of existing units
7	PS	Private Sector guarantee		7	PW	Power
8	MS	Mortgage of assets/ security		8	TL	Telecommunication
9	OG	Other guarantee		9	RW	Railways
10	NN	Not guaranteed		10	RD	Roads
				11	PT	Ports
				12	IS	Industrial Parks
				13	UI	Urban infrastructure
				14	OI	Overseas investment in JV/ WOS
				15	DI	PSU Disinvestment
				16	TS	Textile/Steel Restructuring Package
				17	MF	Micro Finance activity
				18	OT	Others (specify)
				19	ER	Mining, Exploration and Refining
				20	CS	Cold  storage or cold room facility
				21	CI	Interest during construction
				22	RR	Refinancing of rupee loans
				23	RB	Redemption of FCCBs

Box 3: Industry Code
Industry group name	Industry description	Code
Plantations (100)	Tea	111
	Coffee	112
	Rubber	113
	Others	119
Mining (200)	Coal	211
	Metal	212
	Others	219
Petroleum & petroleum products manufacturing		300
Agricultural products (400)	Food	411
	Beverages	412
	Sugar	413
	Cigarettes & Tobacco	414
	Breweries & distilleries	415
	Others	419
Textile products (420)	Cotton textile	421
	Jute & coir goods	422
	Silk & rayon	423
	Other textile	429
Transport equipment (430)	Automobiles	431
	Auto accessories & parts	432
	Ship building equipments & stores	433
	Railway equipment & stores	434
	Others	439
Machinery & tools (440)	Textile machinery	441
	Agricultural machinery	442
	Machine tools	443
	Others	449
Metal & metal products (450)	Ferrous (iron & steel)	451
	Non-ferrous	452
	Special alloys	453
	Others	459
Electrical electronic goods & machinery (460)	Electrical goods	461
	Cables	462
	Computer hardware & computer based systems	463
	Electronic valves, tubes & others	464
	Others	469
Chemicals & Allied products (470)	Fertilizers	471
	Dyes & dyes stuff	472
	Medicines & pharmaceuticals	473
	Paints & varnishing	474
	Soaps, detergents, shampoos, shaving product	475
	Others	479
Others of manufacturing (480)	Cement	481
	Other Building Materials	482
	Leather and leather products	483
	Wood products	484
	Rubber goods	485
	Paper & paper products	486
	Typewriters & other office equipment	487
	Printing & publishing	488
	Miscellaneous	489
Trading		500
Construction & turn-key projects		600
Transport		700
Utilities (800)	Power generation, transmission & distribution	811
	Others	812
Banking sector		888
Services (900)	Telecommunication services	911
	Software development services	912
	Technical engineering & consultancy services	913
	Tours & travels services	914
	Cold storage, canning & warehousing services	915
	Media advertising & entertainment services	916
	Financial services	917
	Transport services	919
	Others	950
Others (not elsewhere classified)		999

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