Embed Size (px)
Citation preview
Hedging Strategy
1
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
28
Surya Global Steel Tube Limited
29
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
30
41
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
31
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.
32
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.)
33
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.)
34
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.)
35
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
36
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
37
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
38
Highlight of Lead Bank Sanction
ROI- CC:[email protected]% Above Base Rate, Presently effective rate 12.50% p.a. with
monthly reset.EPC:[email protected]% 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.
39
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
40
April 12, 2023
April 12, 2023
42
