Documentu

Hedging Strategy

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Company’s direct approach to retailers.

No in house fighting between SURYA dealers.

No Vacant area - Product available at every place.

Actual feedback from market.

Market prices till END USER will be in control of Company.

Policy making will be on the basis of Feedback of Market .

Fixed Margin for distributors, whole seller and retailors.

Hedging Strategy for a Export Oriented Cmpany

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Surya Global Steel Tube Limited

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Particular30-09-2010

Year Ending30-06-2011 Qtr Ending

Estimated Y.E. 2011

(Sept.)% of

Achievement

Turnover 98.79 387 652.50 59%

(Fig Rs in Cr)

Financial SGSTL

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SGSTL Equitable Mortgage

Company has Deposited Title deeds of land measuring 91.825 acres with PNB dated 4th Aug 2011

Surya Roshni Limited

CMA Analysis

&

Proposed Banks Limits

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CMA v/s Actuals

Particulars DivisionEst. CMA FY

2011-12Apr 11 to

Jun 11Achievement

(in %)

Steel 1885 411 22%Lighting 870 176 20%

Total 2755 587 21%

Steel 40 6 15%Lighting 44 5 11%

Total 84 11 13%

Sales

PBT

Fig Rs in Cr.

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Unaudited Financial Results Q1 2011-12

S.No. Particulars Q1 2011-12 Q1 2010-11 FY. 2010-11

1 Sales 587.69 508.19 2441.82

2 EBITDA 36.64 32.27 181.94

3 Depreciation 10.66 8.72 51.24

4 Interest 14.78 13.73 60.54

5 PBT 11.20 9.82 70.16

6 PAT 9.77 8.36 61.57

(Rs in Cr.)

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Unaudited Financial Results Q1 2011-12

Steel DivisionS.No. Particulars Q1 2011-12 Q1 2010-11 FY. 2010-11

1 Sales411.32 340.99 1617.21

2 EBITDA16.13 10.29 75.58

3 Depreciation3.69 1.77 19.04

4 Interest6.19 4.21 24.18

5 PBT 6.25 4.31 32.36

(Rs in Cr.)

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Unaudited Financial Results Q1 2011-12

Lighting DivisionS.No. Particulars Q1 2011-12 Q1 2010-11 FY. 2010-11

1 Sales176.37 167.20 824.61

2 EBITDA20.51 21.98 106.36

3 Depreciation6.97 6.95 32.20

4 Interest8.59 9.52 36.36

5 PBT 4.95 5.51 37.80

(Rs in Cr.)

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Bank NameExisting Fund

BasedLimits

Enhanced ByProposed

Fund Based

State Bank of India 165 20 185

Punjab National Bank140 7 147

State Bank of Patiala40 0 40

IDBI Bank 35 0 35

Bank of Baroda 15 0 15

ICICI Bank - 20 20

SCB - 18 18

Total Consortium 395 65 460

Bank Sharing Pattern:- Fund Based

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Bank NameExisting Non Fund Base

Limits Enhanced By

Proposed Non Fund Base

State Bank of India 103 54 157

Punjab National Bank82 31 113

State Bank of Patiala20 0 20

IDBI Bank 20 0 20

Bank of Baroda - 15 15

ICICI Bank - 40 40

SCB - 25 25

Total Consortium 225 165 390

Bank Sharing Pattern:- Non Fund Based

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Bank NameExisting Limits

Share in %

Limits Enhanced By

Proposed Limits

State Bank of India 268 43% 85.69 353.69

Punjab National Bank222 36% 38 260

State Bank of Patiala60 10% 0 60

IDBI Bank 55 9% 0 55

Bank of Baroda 15 2% 15 30

ICICI Bank   60 60

SCB   43 43

Total Consortium  620 100% 241.69 861.69

Bank Sharing Pattern:- WC Limits

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Highlight of Lead Bank Sanction

ROI- CC:-@2.50% Above Base Rate, Presently effective rate 12.50% p.a. with

monthly reset.EPC:-@0.75% Above Base Rate,

Presently effective rate 10.75% p.a. with monthly reset.

L/C Charges:-75% Concession in bank extant charges.

BG& Letter of Comfort Issue Charges:- 75% Concession in bank extant charges

SBI has increased the Rating from SB-7 to SB-5.

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Working Capital-CC Rate in line with SBI CC Rate.

NOC for API Project Loans in SGSTL.

Match the Concession in line with Lead Bank.

NOC for ICICI-ECB.

Expectation from Consortium

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April 12, 2023

April 12, 2023

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