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C O R P O R A T I O N B A N K (H.O.: MANGALORE) FROM : SURAT MAIN BRANCH REF NO : MNCAI:LBA:CRAGREEMENT IN PRINCIPLE: 1. 2.

Name of the Party & Branch Constitution/Names of the Directors Net worth : M/S SHREE SURAT JILLA UTTAR PURVA KHAND UDHYOG SML : CO-OPERATIVE SOCIETY
SN 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. NAME OF THE DIRECTORS PRAVINBHAI M CHAUDHARI RAISINGBHAI G VASAVA MANHARBHAI N PATEL SEVLABHAI B CHAUDHARI MOHANBHAI K PATEL MAGANBHAI V CHAUDHARI LALLUBHAI M CHAUDHARI ISHVARBHAI M CHAUDHARI RANGABHAI R CHAUDHARI SARADHABHAI M CHAUDHARI LALLUBHAI P SOLANKI MULCHANDBHAI Z PATEL JYOTIBEN R PATEL MAGANBHAI U CHAUDHARI

TO : THE CHAIRMAN & MANAGING DIRECTOR CORPOATION BANK / DATE :

3. 4. 5.

Line of Business Standing a. Group

: PRODUCTION OF SUGAR : 25/05/1994 :

b. Present Bankers

SN
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

NAME OF THE BANK


BANK OF BARODA(ARETH)C/A BANK OF INDIA(BARDOLI) SBI (MANDVI) SURAT DIST.CO OP. BANK (MANDVI)C/A SURAT DIST. CO. OP. BANK (MANDVI)SB/A SURAT DIST.CO.OP.BANK (SURAT) SURAT DIST. CO OP.BANK (MANGROL)C/A SURAT BHARUCH GRAMIN BANK BARODA GUJARAT GRAMIN BANK (GODSAMBA) ANDHRA BANK (NAVSARI) HDFC BANK (BARDOLI)

c. Whether any of the directors are in the RBI defaulters list. 6. Core Promoters (background Creditability, Capacity, Character, etc.)

NO

: INTRODUCTION This co operative soc. was established in 25/05/1994 intending to establish its sugar factory so that it could play important role in social & economic development of Mandvi taluka. The society has 22849 nos. of shareholders of which most of them are sc/st small marginal farmers as played by neighboring sugar factories such as Bardoli Madhi, Chalthan and many others in south Gujarat

CAPACITY DETAIL OF NEARBY SUGAR FACTORIES ARE AS UNDER


SN 1. 2. 3. NAME MADHI BARDOLI KAMREJ CAPACITY (TCD) 7500 10000 3500 DISTANCE (KMS) 22 21 18

MILL MANAGEMENT
1.CHAIRMAN :BABUBHAI S BADAN 2.VICE CHAIRMAN :BABUBHAI Z GAMIT 3.NO.OF DIRECTORS : 14 4.LIST OF SENIOR OFFICERS
a)Ravindrabhai V Patel-Managing Director b)M.B.Bhagatvala-Chief Accountant c)U.S.Desai-Office Suprintendent d)Sanatbhai S Desai-C.D.O. process for establishing sugar factory is in primary stage. At present working of the society is being looked after by the chairman & managing directors.

EXISTING PRODUCTION OF SUGARCANE

YEAR 2005 -06 2006 -07 2007 -08 2008 -09

AREA (HA) 386.6 884.2 1187 894.8

YIELD MT/HA 70.00 71.15 55.00 70.00

PRODN. (M.T) 27062.00 62910.83 65285.00 62636.00

CANE SUPPLIE 22400 47200 49500 43200

7.

Present Proposal : a) Fund based working Project cost for the proposed capital with scheme of establishment of new details of margin, sugar factory given below. period, ROI. PARTICULARS AMOUNT (Lacs)
LAND & SITE DEVELOPMENT BUILDING & CIVIL WORKS PLANT & MACHINERY MISCELLANOUS FIXED ASSETS OTHER EXPENSES DURING CONSTRUCTION PERIOD TO BE CAPITALIZED PREOPERATIVE EXPENSES STORES & SPARES CANE DEVELOPMENT EXPENSES START UP EXPENSES PROVISION FOR CONTINGENCIES INCLUDING ESCALATION FOR MACHINERY MARGIN MONEY FOR WORKING CAPITAL TOTAL 765.77 935.97 4040.00 167.22 498.00 97.55 50.00 25.00 35.00 247.00 38.49 6900.00

b) Non Fund Based WC

: Nil

c) Term Loan/DPG : In the case of TL/DPG PROJECT AT A GALANCE brief details such

as cost of the project, means of finance, debt equity ratio, DSCR, participating banks/F.I, Technical feasibility, financial viability etc.,should be furnished/commented.

TECHNICAL FESIBILITY
Inst.capacity : 1750 TCD Sugarcane Crushing :3.15lacs ton Sugar production : 3.465lacs qtl No of season days: 180 COST OF PROJECT :6900.00LACS

MEANS OF FINANCE 1)OWN CONTRIBUTION :1725.00lacs 2)FINC.INST/BANKS :5175.00lacs TOTAL ECONOMIC LIABILITY 1)DSCR : 1.81 2)PAY BACK PERIOD : 8.7 YEARS 3)IRR : 24.92 4)BREAK EVEN POINT : 48.10% 6900.00lacs

8. Full details of financial position for last 2 years, current year estimates and projections for next year. (Rs. in lacs) a. b. c. d. e. f. Capital Net worth Net Working Capital Current Ratio Net Sales Net Profit Before Tax g. Depreciation h. TOL/TNW i. 31.03.10 31.03.09 31.03.08 355.55 286.78 240.78 241.92 163.68 302.40 1.46 1.33 3.16 856.66 907.26 824.01 0.18 0.044 3.70 2.37 2.30 0.30

9.

Detailed Balance Sheet analysis should be furnished with comments:

along

BALANCE SHEET AS ON 31ST MARCH 2010 LIABILITIES CAPITAL FUNDS: SHARE CAPITAL RESURVES & SURPLUSES DEPRECIATION FUND RESERVE FUND SECURED LOAN BARODA GUJARAT GRAMIN BANK UNSECURED LOANS DEPOSITS UNSECURED SUNDRY CREDITORS SUGAR CANE PAYMENT LIABILITIES SHERDI PAYMENT200910 DEPOSITES PROFIT AMOUNT 299.02 14.00 52.60 7.08

(in Lacs)

30.58 17.00 508.82 0.50 3.93

ASSETS AMOUNT FIXED ASSETS BANDHKAM A/C 17.76 DEADSTOCK 4.92 ELE.CONNECTION 1.00 FANCING 8.20 FURNITURE & FIXTURE 2.06 HANDPUMP BOARING 0.98 80.21 LAND PURCHASE 6.37 RASTA BANDHKAM 1.03 SUBMARSHIBLE 12.30 VEHICLES INVESTMENT SURAT DIST CO OP 0.001 BANK : SHARE 0.005 SURAT JILL KHARID VECHAN SANGH LOANS & ADVANCES NEW LAND PURCHASE ADVANCE SHED KHARIDI SUNDRY DEBTORS PRELIMENRY & PREOPERETIVE CASH & BANK

172.82 10.14 576.98 30.95 7.80

TOTAL

933.53

TOTAL

933.53

COMMENTS: 1)FIXED ASSETS ARE RECORDED AT COST.COST IS PURCHASE COST TOGETHER WITH ALL INCIDENTAL COSTS OF ACQUSITION AND OTHER RELATED ALLIED COSTS. 2)DEPRECIATION HAS BEEN PROVIDED ON WDV METHOD IN THE BOOKS OF ACCOUNTS.

3)INVESTMENT STATED AT COST PRICE. 4)DEPOSITS RECEIVED & GRANTED AND BALANCE IN CURRENT LIABILITIES ACCOUNT AND LOANS AND ADVANCE GIVEN ARE SUBJECT TO CONFERMATION. 5)BANK BALANCES ARE AGREEING AS PER BANK RECONCILLATION STATEMENT. 6)CONTINGENT LIABILITIES ARE ACCOUNTED FOR ONLY WHEN AND TO THE EXTENT THE SAME ARE CRYSTALLIZED AND HAVE BECOME PAYABLE.BEFORE THAT THE SAME ARE IGNORED. 7)THE FINANCIAL STATEMENTS ARE PREPARED ON THE MERCANTILE BASIS WITH HISTORICAL COST CONVENTION.ALL FUNDAMENTAL ASSUMPTIONS ARE APPLICABLE. 10. Our experience with the group (comments on group companies dealings with us, financial position, Health Code etc. ) 11. Limits/liabilities/overdue of other group concerns/allied concerns to be furnished in detail. (with our bank/other banks).

SN 1. 12.

NAME OF THE BANK BARODA GUJARAT GRAMIN BANK TOTAL

AMOUNT 708416.00 708416.00

Details of OPL on the borrowers :

13. (a) Details of OPL on group companies, if any :

(b)

Brief analysis of the credit risk of the borrower/borrower group :

14.

Details of consortium/multiple banking/Syndication & sharing pattern :. 100% by our Bank

a.

If we are not leaders in the consortium the appraisal report by the leader should be furnished along with comments. : N.A.

b.

If under multiple banking arrangements limits/ liabilities/overdue with other banks or an auditors certificate giving the details of such limits and liabilities : NO,THERE IS NO MULTIPLE BANKING ARRANGEMENTS LIMITS/LIABILITIES/OVERDUES WITH OTHER BANKS

15.

CMA status :

16.

Value of the account, expected value, commission, Forex & deposits :

17.

Working capital assessment (details in on holding levels.

brief),

comments

18.

Security offered details of value, valuation, year of valuation etc. :

basis

of

Prime : 1. Building and civil work on land which have to be mortgage to the bank as collateral. 2. Plant and machinery having its invoice value. 3. Stock of sugarcane and sugar and other raw material and sundry debtor & other receivable. Collateral :

SN 1.

NAME OF THE VILLAGE NAREN,TA-MANDVI,DIST-SURAT: BLOK NO. 497 498 499 500 505 506 507 509 510 512 516 517 AMOUNT (IN LACS) 251.82 334.56 233.61 212.01 255.69 104.77 114.37 348.89 344.09 247.97 117.25 328.66

AMOUNT

2893.69

2.

BAUDHAN,TA-MANDVI,DIST-SURAT BLOCK NO.611,612,613,614,615A 506.50

3.

VADOD,TA-MANDVI,DIST-SURAT BLOCK NO.4B,193 TOTAL 57.75 3457.94

(a)

Personal guarantees including corporate guarantees :

NIL

: 19. Industrial scenario prospects/capital

present position/future market perception etc.:

PRESENT POSITION: The Shree Surat Jilla Uttar purva Vibhag Sahkari Kand Udyog Sahakari Mandli Ltd. Is a registered under the Co.Op. society Act and running the activity of sugar. The society is already running the activity and having good turnover and profit also.

FUTURE PROSPECTS: The society has to set up the own plan for sugar can crussing. The expansion the current activity need the building and plant and machinery. SUGAR EXPANSION SN 1. 2. 3. 4. 5. 6. 7. PARTICULARS
CAPACITY UTILIZATION GROSS SEASON DAYS CRUSHING PER SEASON DAYS ESTIMATED CANE CRUSHING SUGAR RECOVERY SUGAR PRODUCTION PRODUCTION OF MOLASSES BAGASSE SAVING

UNIT
% DAYS TONNES LAC TONNES %CANE LACS QTLS %CANE %CANE

PARAMETERS
90-100 170-180 1575-1750 2.68-3.15 10.25-11 2.744-3.465 4.3% CANE 8% CANE

FINANCIAL PARAMETERS

SN 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

PARTICULARS
CANE PRICE CANE PURCHASE TAX CANE HARVESTING & TRANSPORT CHARGES OTHER CANE INCIDENTAL EXPENSES SUGAR SALES RELIZATION LEVY(20%) FREE(80%) SALE OF MOLASSES REALIZATION FROM BAGASSE PROCESS MATERIAL,CHEMICALS & CONSUMABLES PACKING MATERIAL SALARY & WAGES(SUGAR)

PARAMETERS
RS.2000/- p.t. 2% OF CANE PRICE RS.350/- p.t. RS.5/-p.t. RS.1232.75 p.q. RS.3300/- p.t. RS.5000/-p.t. RS.1500/-p.t. RS.20/-p.t.CRUSH RS.50/-p.q. 1ST YEAR RS.250 LAKHS AFTERWARD 5% INCREASE ON LAST YEAR WAGES FOR NEXT 4 YEARS @11% P.A.ON 50%AVERAGE SUGAR STOCK WITH 10% & 15% MARGIN ON LEVY & FREE SUGAR @12% P.A.ON REDUCING BAL.METHOD THE REPAYMENT WILL BE MADE IN 7 YEAR EXCLUDING 2 YEAR MORATORIUM PERIOD ON SLM METHOD RATE AS PER COMPANIES ACT.

11.

INT.ON WORKING CAPITAL

12.

INT.ON TERM LOAN FLS./BANKS

13.

DEPRECIATION

CAPITAL MARKET PRECEPTION 20. Exposure limit if any, prescribed by industry/ activity - Present Exposure : the bank for the

RECOMMENDATIONS :

SR.MANAGER

DIV.MANAGER

ASST.GEN.MANAGER DY. GENERAL MANAGER