date: 20.11

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Date: 20.11.2021

Notification

Inviting Applications from Eligible Applicants for Empanelment of Engineers /

Firms as Third-Party Services Providers (TPSPs) for TEV (Techno Economic

Viability) Study / Lenders Independent Engineers (LIE)

1) Applications are invited for Empanelment of Engineers / Firms as Third-Party

Services Providers (TPSPs) for TEV (Techno Economic Viability) Study / Lenders

Independent Engineers, subject to fulfilment of Eligibility Criteria as furnished

in Annexure-1.

2) The scope of entrustment for the empanelled Third-Party Services Providers

(TPSPs) will generally be restricted to the eligible accounts financed by the Bank

within the jurisdictional area of Zone of the Bank opted by the Applicant, as the

empanelment will be made zone-wise. The terms of engagement for empanelled

TPSPs for TEV / LIE Study are furnished in Annexure-2.

3) The Third-Party Services Providers (TPSPs) for TEV (Techno Economic Viability)

Study / Lenders Independent Engineers (LIE) already empanelled / earlier

applied with Union Bank of India or e-Andhra Bank, or e-Corporation Bank,

will also have to apply afresh, as new panel will be prepared taking into

consideration the overall requirements of the amalgamated entity.

4) The Application Format can be download from Bank’s Corporate Website at

https://www.unionbankofindia.co.in/english/tender.aspx. Application format

is as per Annexure-3.

5) The duly completed and signed Applications along with Original and Two self-

attested xeroxed sets of all supporting documents and Checklist (Annexure-6)

should be submitted at own cost (during bank’s working hours only) at any

Regional Office within the opted Zone of Union Bank of India between

25.11.2021 & 13.12.2021 (both days inclusive). No application will be

accepted entertained for current empanelment process after 13.12.2021.

6) The applicants will also have to present (at their own cost) the originals of all

supporting documents attached with the Application for verification at the

same Regional Office (with prior appointment), within 3 (three) bank’s working

days of submission of application.

https://www.unionbankofindia.co.in/english/tender.aspx

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7) The application not supported by the required documents, OR where originals

of all supporting documents attached with the Application are not produced

for verification at the same Regional Office within prescribed time, OR where

the applications with conditional acceptance of terms & conditions, is liable to

be summarily rejected.

8) List of Bank’s Regional Offices under each Zone is available in Annexure-5.

9) The applicants should not submit any application / documents directly to

Bank’s Zonal Office and/or Central Office.

10) The empanelment as TPSPs for TEV Study / LIE (including number of TPSPs) will

be done at the sole discretion of the Bank and the Bank reserves its right of

rejecting any of /all the applications, without assigning any reason there-of. It

is clarified that the empanelment as TPSPs for TEV Study / LIE neither

guarantees any/ regular assignments, nor does it tantamount to Contract of

Employment with the Bank.

11) In case any applicant (firm / company/ individual/ proprietor/ partner/director)

has been found guilty of misconduct in professional capacity in any Bank/

Institution and his/her name has been circulated/ reported by Indian Banks

Association (IBA)/ Reserve Bank of India (RBI)/ Securities and Exchange Board of

India (SEBI) / Governing Institute/ Any Regulatory or Statutory Authority/ Any

Govt. Agency or Body, his/ her application will not be considered for

empanelment as TPSPs for TEV Study / LIE.

12) If the performance of any empanelled TPSPs for TEV Study / LIE is found to be

unsatisfactory or he/she is found involved in any misconduct in professional

capacity/ unwarranted practice/frauds, the Bank can remove such TPSPs for TEV

Study / LIE from the panel at its sole discretion. The name/s of the TPSPs for

TEV Study / LIE depanelled by Bank will be informed to IBA for circulation among

member Banks.

For any clarifications, the applicant may contact the nearest Regional Office of

Union Bank of India.

Sd/-

Chief General Manager

MSME Department

Central Office, Mumbai

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Annexure-1

Eligibility Criteria related to Empanelment of Engineers / Firms as Third-Party

Services Providers (TPSPs) for TEV (Techno Economic Viability) Study /

Lenders Independent Engineers (LIE)

1) Educational Qualifications (Proprietor/Partner/Director):

a) BE [Mechanical, Electrical, Civil, Electronic/Telecom, Textile, Chemical] or

equivalent educational qualification, OR

b) M Tech from a recognized University in India & abroad

Additionally, for TEV, Professional qualifications in finance e.g.CA, CS, ICWA, MBA

etc from a recognized University in India and abroad is required.

2) Membership of Professional Body (Proprietor/Partner/Director):

a) The TPSPs should be members of their respective governing council /

Associations such as Institution of Valuers / Association of Engineers / Institute

of Engineers / The Institute of Electrical and Electronics Engineers, etc.

b) Registration under Companies (Registered Valuers and Valuation) Rules, 2017

(for Land & Building or Plant & Machinery) for which Insolvency and Bankruptcy

Board of India (IBBI) is the responsible authority, will be mandatory for

empanelment.

3) Experience:

a) Minimum 5 years’ experience as TEV / LIE consultants.

b) The Applicant TPSP should be on the approved list of atleast 2 Public Sector

Banks. Bank may waive this condition, provided the applicant individual / firm /

company has adequate experience/ expertise in TEV/ LIE study.

4) Infrastructure:

a) In case of Public Limited Company, minimum 3 Professional Directors with

experience as per Para (3) and Professional Directors should not be less than 50%

of total directors.

b) Adequate support of Trained/Semi Trained Employees

c) Adequate support of Trainees/Apprentices

d) Office space equipped with modern technologies

5) Other Requirements:

a) Adequate knowledge of financial analysis to Proprietor/ Partners/ Directors.

b) In case of proprietorship, the proprietor should have the requisite qualification,

membership and experience prescribed as per Para- 1, 2 and 3 respectively.

c) In case of Partnership Firm / Private Limited Company / LLP, atleast one partner

/ director should have the requisite qualification and experience as Para- 1, 2

and 3 respectively.

d) Entity, Proprietors, Partners and Directors should not have been blacklisted,

caution listed with IBA by Bank (s) / FIs or statutory bodies.

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Annexure-2

Terms of Engagement as Third-Party Services Providers (TPSPs) for TEV (Techno Economic Viability) Study / Lenders Independent Engineers (LIE)

1) Tenure of Empanelment:

a) The tenure of the empanelment shall be for 02 (two) years from the date of

empanelment (date of issue of letter to respective individual / firm / company).

b) Bank shall carry out review exercise at the time of renewal, based on

performance along with necessary information which the Third-Party Service

Provider (TPSP) will have to furnish to the Bank as and when called for.

c) Bank shall also carry out periodic review (generally once in a year or issue of new

lists, whichever is earlier) to deal with additions / deletions to the existing list

of empanelled Third-Party Service Providers (TPSPs).

d) Bank reserves the right to remove any individual / firm / company from the panel

any time after giving 15 days’ notice even before completion of 2 years.

2) Remuneration Structure for Third-Party Services Providers (TPSPs) for TEV

(Techno Economic Viability) Study / Lenders Independent Engineers (LIE):

a) The fee structure will be on mutually acceptable terms between the Client and

TPSPs (TEV /LIE Service Provider) depending on the size of the project and

specific assignment keeping in view number of Man Hours required for execution.

The TPSP shall provide a copy of the mutually agreed fee structure with terms

and conditions (duly signed by the Client and TPSP) to the branch, where the

borrowal accounts are maintained, before commencement of the assignment.

b) Though the payment of fees for the services rendered by TPSP will be borne by

the client for whom the consultancy work will be done, the Bank will directly

pay the fee to TPSP by debiting the account of the borrower in case of sole

banking.

3) Other terms & Conditions:

The applicants selected for empanelment as Third-Party Services Providers

(TPSPs) for TEV (Techno Economic Viability) Study / Lenders Independent

Engineers (LIE) will be required to submit the following documents duly signed

by the Individual/ Firm / Company and Proprietor / Partners/ Directors (as the

case may be) as a part of acceptance of empanelment-

a) Letter of Indemnity as per Annexure-4.

b) Code of Conduct as per Annexure-5.

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Annexure 3

APPLICATION FORM FOR EMPANELMENT OF THIRD-PARTY SERVICES PROVIDERS (TPSPS) FOR TEV (TECHNO ECONOMIC VIABILITY) STUDY / LENDERS INDEPENDENT ENGINEERS

1. Name

2. Office Address

3. Constitution

4. PAN of Firm/ Company

5. GST No. & Date of Registration

6. Date of Establishment

7. Details of Promoters

Name Designation DIN PAN Others (Passport, Aadhaar Card no., Driving License)

Full

address Qualification /s

Industrial consultancy experience

8. In case of Public Limited Company:

Name of the Director Whether Professional

Director

Whether having prescribed experience

(Para-3 of Annexure-1)

9. Name, contact no. & email id of concerned officials

Name Designation Contact No. e-mail Id

10. Personal & Professional details of Professional Staff:

Sr. No

Name Designation Date of Birth

Qualification /s Area of

Specialization Details of

Experience

11. No. of Trained/Semi Trained Employees

12. No. of Trainees/Apprentices

13. Availability of Office space equipped with

modern technologies

Yes/ No Owned / Rented

14. Persons having adequate knowledge of financial analysis

Sr. No

Name Designation Nature of knowledge of

financial analysis No. of years of experience

in financial analysis

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15. Particulars of membership / registration with national / international agencies (e.g. Member of respective governing council / association)

Sr. No

Governing Council /

Association

Type of Membership

Registration No.

Valid up to

16. List of Financial Institutions / Banks with which the applicant individual/ firm/ company is already empanelled and date of empanelment with the Bank/FIs

Sr. No

Name of the Bank/

Financial Institution

Geographical Area for which

empanelled

Empanelled for TEV

Study / LIE

Date of Empanelment

No. of Assignments

Allotted Completed

17. Assignment completed in last 5 years (Minimum Required Period for Eligibility) with Commercial Banks / Financial Institutions etc. other than Union Bank of India:

Date of Assignment

Nature of Work

Name of Project with brief details (Sector, Project Cost, Name of

Promoters / Group, Location, etc.)

Assignment completed

on

Name of Commercial Bank / FIs /

Organization

Name, Address & Contact No. of

Commercial Banks / FIs/ Organization

18. Applicant’s Financial Information as on 31.03.2___ (Rs. in lacs) along with ITR Returns and Audited Balance Sheet for last 3 years-

Year 31.03._____ 31.03.____ 31.03.____ (Current Year)

Paid up Capital

Income / Revenue

Borrowings

Net Worth

PAT

Debt / Equity Ratio

19. Capital / Shareholding Pattern -

Name of Holder Resident or Non-Resident

Address % of share holding

20. Details of regulatory/ statutory issues

(including blacklisting/ caution listing with IBA

by Banks / FIs or statutory bodies) faced by the

applicant firm/ company / promoters, if any,

in the past 5 years and present status

21. Whether willing to sign Letter of Indemnity

(As per Annexure-4) on empanelment

Yes/ No

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22. Whether willing to sign Code of Conduct (As

per Annexure-5) on empanelment

Yes/ No

23. Any other details relevant to empanelment (any special achievement, etc.) not included above

Declaration:

I/we declare that the particulars furnished above are true to the best of my knowledge and belief.

I/we, further confirm that all the necessary supporting documents are enclosed with the application.

I/we hereby undertake that the firm/company, if empanelled, shall have arm’s length dealing with the proposed clients for whose projects TEV Study is done, will not have any business dealings with them or give them undue favour, will not demand additional remuneration than what is initially settled nor will unnecessarily delay the TEV Report.

I/we understand that Bank shall comply with RBI directions on examination of role of TPE’s wherever the accounts of the borrowers are declared WD/Fraud, for caution listing of TPE’s with IBA wherever TPE’s are found involved.

I/we hereby apply to the bank to empanel firm/company on the Bank’s panel as consultant for Techno Economic Viability Report/Financial Appraisal.

I / we solemnly declare that I/we are not debarred / delisted/ caution listed with IBA by any Bank / FI / RBI and any other body for any professional misconduct and our services have not been found deficient by any Bank / FI.

I/we understand that any discrepancy/wrong information/breach of undertaking would lead to cancellation of empanelment as consultant with immediate effect.

For______________________ Seal of the company / firm Place Proprietor / Partner / Authorized signatory Date

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Annexure 4

LETTER OF INDEMNITY TO BE EXECUTED BY

Third-Party Services Providers (TPSPs) empanelled for TEV (Techno Economic Viability) Study / Lenders Independent Engineers (LIE)

To,

Union Bank of India,

_________________.

Dear Sir/s,

In consideration of Bank (herein after called the “Bank” which expression shall include its

successors and assigns) empaneling me /us on their panel of approved Third-Party Services

Providers (TPSPs) for TEV (Techno Economic Viability) Study / Lenders Independent Engineers (LIE)

for the purpose of assessing/disbursing the credit limits granted or to be granted by the Bank to

its various borrowers, I/We jointly and severally, extend this Letter of Indemnity.

Whereas by the letter of empanelment dated _______, the bank has empanelled me/us on

their panel of approved Third-Party Services Providers (TPSPs) for TEV (Techno Economic Viability)

Study / Lenders Independent Engineers (LIE) for the purpose of assessing/disbursing the credit

limits granted/to be granted by the Bank, I/We jointly and severally agree as follows:-

I/We shall duly and faithfully perform and discharge all the duties in the works entrusted

by the Bank and in relation to the purposes of empanelment, fairly without any favour or

discrimination and I/we hereby undertake and agree you, your successors and assigns at all times

and from time to time from and against all loss, damage and all actions, suits, proceedings,

expenses, costs, charges and demands arising out of any act, lapses, defaults, negligence, errors,

mistakes committed by me/us in performance of my/our professionals obligations and I/we also

hereby undertake and agree to pay to you on demand sums of money, costs, charges and expenses

incurred in respect thereof and also to pay you interest on all such moneys at your ruling rate.

I/We further specifically agree that this Indemnity shall continue to remain in force and

I/We shall continue to be liable there under for all losses, damages, costs, charges and expenses

arising out of any act, lapses, defaults, negligence, errors, mistakes committed by me/us in

performance of my/our professional obligations and shall be binding on me/us and our legal and

personal representatives, successors and assigns.

Yours faithfully,

Signature

(Name of the Approved Lender Independent Engineers / TEV

Study Provider) Place:

Date:

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ANNEXURE 5

CODE OF CONDUCT TO BE EXECUTED BY

Third-Party Services Providers (TPSPs) empanelled for TEV (Techno Economic Viability) Study / Lenders Independent Engineers (LIE)

I/ We hereby undertake to strictly adhere to the following Code of Conduct:

A. Integrity and Fairness

1) A TEV Consultant / LIE shall, in the conduct of his/its business, follow high standards of integrity and fairness in all his/its dealings with his/its clients.

2) A TEV Consultant / LIE shall maintain integrity by being honest, straightforward, and forthright in all professional relationships.

3) A TEV Consultant / LIE shall endeavour to ensure that he/she/it/they provides true and adequate information and shall not misrepresent any facts or situations.

4) A TEV Consultant / LIE shall refrain from being involved in any action that would bring disrepute to the profession.

5) A TEV Consultant / LIE shall keep public interest foremost while delivering his services.

B. Professional Competence and Due Care

6) A TEV Consultant / LIE shall always render high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment.

7) A TEV Consultant / LIE shall carry out professional services in accordance with the relevant technical and professional standards that may be specified from time to time.

8) A TEV Consultant / LIE shall continuously maintain professional knowledge and skill to provide competent professional service based on up-to-date developments in practice, prevailing regulations/guidelines, and techniques.

9) In the preparation of a TEV/LIE report, the TEV Consultant / LIE shall not disclaim liability for his/its expertise or deny his/its duty of care, except to the extent that the assumptions are based on statements of fact provided by the subject firm (i.e., whose TEV/LIE report is undertaken) or its auditors or consultants or information available in public domain and not generated by the TEV Consultant / LIE.

10) A TEV Consultant / LIE shall not carry out any instruction of the subject firm in so far as they are incompatible with the requirements of integrity, objectivity, & independence.

C. Independence and Disclosure of Interest

11) A TEV Consultant / LIE shall act with objectivity in his/its professional dealings by ensuring that his/its decisions are made without the presence of any bias, conflict of interest, coercion, or undue influence of any party, whether directly connected to the assignment or not.

12) A TEV Consultant / LIE shall not take up an assignment, if he/it or any of his/its relatives or associates is not independent in terms of association to the subject client.

13) A TEV Consultant / LIE shall maintain complete independence in his/its professional relationships and shall conduct the assigned work independent of external influences.

14) A TEV Consultant / LIE shall, wherever necessary, disclose to the Bank, possible sources of conflicts of duties and interests, while providing unbiased services.

15) TEV Consultant / LIE shall not indulge in “mandate snatching (to undertake assignments for TEV / LIE inspection of a particular site / unit using unscrupulous means)” or offering “Convenience Report” in order to cater to a client’s needs.

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16) As an independent entity, TEV Consultant / LIE shall not charge success fee (Success fees may be defined as a compensation / incentive paid to any third party for successful closure of transaction. In this case, favorable TEV / LIE report).

D. Confidentiality

17) A TEV Consultant / LIE shall not use or divulge to any other party any confidential information about the subject client for whom TEV/LIE study is conducted , which has come to his/its knowledge without proper and specific authority or unless there is a legal or professional right or duty to disclose.

E. Information Management

18) A TEV consultant / LIE shall ensure that he/ it maintains written contemporaneous records for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained so as to sufficiently enable a reasonable person to take a view on the appropriateness of his/its decisions and actions.

19) A TEV consultant / LIE shall appear, co-operate and will provide all information and records in case of any need or legal or statutory or professional requirement.

F. Gifts and hospitality:

20) A TEV consultant / LIE or his/its relative shall not accept gifts or hospitality which undermines or affects his independence as a TEV consultant / LIE.

Explanation: For the purposes of this code the term ‘relative’ shall have the same meaning as defined in clause (77) of Section 2 of the Companies Act, 2013 (18 of 2013).

21) A TEV consultant / LIE shall not offer gifts or hospitality or a financial or any other advantage to a public servant or any other person with a view to obtain or retain work for himself/ itself, or to obtain or retain an advantage in the conduct of profession for himself/ itself.

G. Remuneration and Costs

22) A TEV consultant / LIE shall provide services for remuneration which is charged in a transparent manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable rules.

23) A TEV consultant / LIE shall not accept any fees or charges other than those which are disclosed in a written contract with the person to whom he would be rendering service.

H. Occupation, employability and restrictions

24) A TEV consultant / LIE shall refrain from accepting too many assignments, if he/it is unlikely to be able to devote adequate time to each of his/ its assignments.

25) A TEV consultant / LIE shall not conduct business which discredits the profession.

Signature

(Name of LIE/TEV study Provider)

Date:

Place:

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Annexure-6

Check List of Document to be submitted by Applicants for Empanelment as Third-Party Services Providers (TPSPs) empanelled for TEV (Techno Economic Viability) Study / Lenders

Independent Engineers (LIE)

(Original + 2 Self-Attested Xerox Copies of Each Document)

S. No.

Description of Document

No. of documents attached

Firm/ Company

Proprietor/ Partner/ Directors

1. Application (Annexure-3)

2. PAN Card

3. GST Registration Certificate

4. Partnership Deed / Articles & Memorandum of Association (as applicable)

5. Educational Qualifications

6. BE [Mechanical, Electrical, Civil, Electronic/ Telecom, Textile, Chemical] or equivalent

7. M. Tech from recognized University in India & abroad

(a) CA/CS/ICWA/MBA from a recognized University in India/ abroad

(b) Certificates of Membership of Professional Bodies

(c) Certificate of Registration under Companies (Registered Valuers and Valuation) Rules, 2017 (for Land & Building or Plant & Machinery)

8. Proof of Minimum 5 years’ experience as TEV / LIE consultants

9. Certificates of empanelment as TPSP for TEV/ LIE from atleast 2 Public Sector Banks

10. Certificates of entrustment & completion of assignments as TPSP for TEV/ LIE

11. Unaudited/ Audited Financial Statements for FY 2018-19, 2019-20 & 2020-21 (as applicable)

12. Income Tax Assessment Order / Income Tax Return Acknowledgment for FY 2018-19, 2019-20 & 2020-21

Other documents (Please specify against each item)

13.

14.

15.

Signature

(Name & Designation of Signatory)

Applicant Firm/ Company:____________

Date:

Place:

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Annexure-7

List of Bank’s Regional Offices under each Zone

ZONE Regions in the Zone

1) Ahmedabad 1. Ahmedabad 2. Anand

3. Baroda 4. Gandhinagar

5. Junagadh 6. Mehsana

7. Rajkot 8. Surat

2) Bengaluru 1. Belagavi 2. Bengaluru East

3. Bengaluru North 4. Bengaluru South

5. Shivamogga 6. Hubballi

7. Kalaburagi 8. Mysuru

3) Bhopal 1. Bhopal Central 2. Bhopal South

3. Bilaspur 4. Gwalior

5. Indore 6. Jabalpur

7. Raipur 8. Rewa

4) Bhubaneshwar 1. Balasore 2. Berhampur

3. Bhubaneshwar 4. Cuttack

5. Rayagada 6. Sambalpur

5) Chandigarh 1. Amritsar 2. Bathinda

3. Chandigarh 4. Hissar

5. Jalandhar 6. Karnal

7. Ludhiana 8. Shimla

6) Chennai 1. Chennai South 2. Chennai North

3. Chennai West 4. Coimbatore

5. Madurai 6. Salem

7. Tiruchirapally 8. Tiruppur

7) Delhi 1. Delhi Central 2. Delhi NCR

3. Delhi North 4. Delhi South

8) Hyderabad 1. Hyderabad-Koti 2. Hyderabad-Saifabad

3. Hyderabad-Punjagutta 4. Karimnagar

5. Khammam 6. Mahabubnagar

7. Nizamabad 8. Secunderabad

9. Warangal

9) Jaipur 1. Jaipur 2. Jodhpur

3. Udaipur

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10) Kolkata 1. Durgapur 2. Greater Kolkata

3. Guwahati 4. Howrah

5. Kolkata Metro 6. Siliguri

11) Lucknow 1. Agra 2. Bareilly

3. Dehradun 4. Faizabad

5. Ghaziabad 6. Haldwani

7. Kanpur 8. Lucknow

9. Meerut

12) Mangaluru 1. Ernakulam Rural 2. Ernakulam

3. Kollam 4. Kottayam

5. Kozhikode 6. Mangaluru

7. Thiruvananthapuram 8. Udupi

13) Mumbai 1. Mumbai South 2. Mumbai Thane

3. Mumbai Borivali 4. Mumbai Andheri

5. Mumbai Vashi

14) Pune 1. Ahmednagar 2. Amravati

3. Goa 4. Kolhapur

5. Nagpur 6. Nasik

7. Pune East 8. Pune West

15) Ranchi 1. Bhagalpur 2. Dhanbad

3. Patna 4. Ranchi

5. Samastipur

16) Varanasi 1. Azamgarh 2. Ghazipur

3. Gorakhpur 4. Jaunpur

5. Mau 6. Prayagraj

7. Varanasi

17) Vijayawada 1. Anantapur 2. Guntur

3. Kadapa 4. Kurnool

5. Machilipatnam 6. Nellore

7. Ongole 8. Tirupathi

9. Vijayawada

18) Visakhapatnam 1. Bhimavaram 2. Eluru

3. Kakinada 4. Rajahmundry

5. Srikakulam 6. Visakhapatnam

date: 20.11

Documents