Bihar major industries in recent period

Presentation to

Project Approval

&

Monitoring Committee (PAMC)

Part-II

5th March 2012

GRANT RELEASE Grant Stage No. Of Projects Release Amount

(ìn lacs)

1st installment 2 projects 23.66

For 1st & 2nd

installment 14projects 934.35

For 2nd installment 2 projects 179.00

For 3rd installment 3 projects 340.24

For 4th installment 1projects 83.12

Status Report (on Hold) 3Projects ---

Total 25 Projects 1560.37

Projects - 1st installment of Grant Release

Vishwanath Agro Foods Pvt. Ltd.

Uttri Bihar Milk Food Company Pvt. Ltd.

•Project Type: Corn Milling Unit

• Location: Village Silout, Tahsil, Kudhni,

district Muzaffarpur

•Project Cost: ` 521.18Lacs

• Grant Sanctioned: ` 156.31Lacs

• Bank Loan status: under process

•Investment till date: ` 56.57 Lacs

• Recommended for 1st Installment– ` 15.63Lacs

Vishwanath Agro Foods Pvt. Ltd.

Uttri Bihar Milk Food Company Pvt. Ltd.

Project Type: Milk Processing Unit

Location: Dalsinghsarai, Samastipur

Project Cost: ` 282.59 Lacs

Grant Sanctioned: ` 80.37Lacs

Bank Loan: Yet to achieve

Investment till date: ` 29.04 Lacs

Recommended for 1st & 2nd Installments– ` 8.03Lacs

Projects - 1st & 2nd installment of Grant Release

1.Gaytri soya Food Products

2.MBNB Cold Storage Pvt. Limited

3. Vaishali Enterprises and Cold Storage Pvt. Ltd.

4.Anuj Dairy Private Limited

5.Maa Mundeshwari Agro Mills Pvt. Ltd

6.Narmadeshwar Rice Mills Pvt.ltd

7.Anmol feeds Pvt.Ltd

8.Vina Paras Rice Mills Pvt. Ltd

9.Shirdi Foods Pvt. Ltd

10.Ishwar Raj Beverages Pvt Ltd

11.Bhojpur Rice Mill Pvt. Ltd.

12.Maa Bhagwati Kalyanpur Cold Stores Pvt.Ltd

13.Amit Solvex

14.Kritika Rice Mill Pvt. Ltd

Gayatri Soya Food Products

• Project Type: soybean processing unit

• Location: Village Bishunpur Pankari , District-Patna

•Project Cost: ` 45.94Lacs

• Grant Sanctioned: ` 14.34Lacs

• Bank Loan: ` 31.75lacs (PNB)

• Investment till date: ` 47.74 Lacs

Recommended for 1st & 2nd Installment– ` 4.29Lacs ( to be transferred

to PNB bank)

MBNB Cold Storage PRIVATE LIMITED

Project Type: RABC

Location: Teghra, Begusarai


Grant sanctioned: ` 310.91 Lacs

Bank Loan: ` 350.00 Lacs (PNB)


Recommended for 1st & 2nd Installment–

` 93.27 Lacs

Vaishali Enterprises and Cold Storage P. Ltd

Project Type: RABC

Location: Industrial Growth Centre, Giddha, Ara


Grant Sanctioned: ` 344.44 Lacs

Bank Loan: ` 610.00 Lacs Bank of India,

Patna MID Corporate Branch.

Investment till date: ` 606.87Lacs

Recommended for 1st & 2nd Installment– ` 103.32Lacs

Anuj Dairy P. Ltd

Project Type: Milk Processing Unit

Location: Industrial Area, Hazipur



Bank Loan: ` 70.00 Lacs (SBI, Patna )

Investment till date: ` 287.75 Lacs .

Recommended for 1st & 2nd Installment– ` 114.90 .

Maa Mundeshwari Agro Mill s Private limited Project Type: Modern Rice Mill

Location: Industrial Growth Centre,

Aurangabad



Bank Loan: ` 233.63Lacs (Central Bank Of India)


Recommended for 1st & 2nd Installments–

` 51.42 Lacs

Narmadeshwar Rice Mills private limited

. Project Type: Modern Rice Mill

Location: Industrial ,Growth Centre,

Aurangabad



Bank Loan: ` 392.00lacs (SBI, Ranchi)



Anmol Feeds Pvt. Ltd.

Project Type: Poultry Feed Unit

Location: Bela, Industrial Area,

Muzaffarpur

Project Cost: ` 337.54Lacs


Investment till date: `201.98Lacs

Recommended for 1st & 2nd Installments– `20.13lacs (to be

transferred to the company’s A/c)

Vina Paras Modern Rice Mill Private limited

Project Type: Modern Rice Mill

Location: Kaimur



Bank Loan: ` 500.00Lacs (SBI,SME Branch)


Recommended for 1st & 2nd Installments– ` 110.25 Lacs

Shirdi Foods Private limited

.

Project Type: Candy Sugar

Location: Bela Industrial Area,

Muzaffarpur



Bank Loan: ` 69.00 lacs

(Bank of India ,Muzaffarpur)


Recommended for 1st & 2nd Installments– ` 12.63Lacs to be

transferred to the Bank loan A/C

Ishwar Raj Beverages Pvt. Ltd.

Project Type: Beverage Unit

Location: Jethuli ,Fatuah



Bank Loan: ` 756.00 Lacs (Allahabad Bank)



` 96.27Lacs

Bhojpur Rice Mill Pvt. Ltd.

Project Type: Rice Mill

Location: Jagdishpur Bhojpur





` 14.52Lacs

Maa Bhagwati KalyanpurCold Stores Pvt.

Ltd.

Project Type: RABC

Location: Kalyanpur , Samastipur



Bank Loan: `362.00 lacs (with Kshetriya graminbank, Samastipur.)



Amit Solvex Project Type: Edible oil unit

Location: Kaimur



Bank Loan: `250.00 lacs (Allahabad Bank)


Site Inspection done on 20/08/2011

Status report submitted on 23/09/2011

Now, the complete inspection report is submitted

Recommended for 1st & 2nd Installments– ` 88.86Lacs with condition to

approval from all the members of Site Inspection team.

Kritika Rice Mill Pvt. Ltd.


Location: Basudeopur Chowk,

Samastipur



Bank Loan: ` 385lacs(Allahabad

Bank ,Samastipur)

Investment till date: ` 470.75

Recommended for 1st & 2nd Installments– ` 59.25Lacs subject to

increase in Required paid up capital.

Projects – 2nd installment of Grant Release

Siddhi Refoils & Industries Pvt.Ltd.

Protech Feed Pvt.Ltd

Protech Feed Pvt .Ltd.

Project Type: Poultry Feed Unit

Location: EPIP,Hazipur



Bank Loan: ` 635.00Lacs (SBI,SME branch Patna)


Recommended for 2nd Installments– ` 79.00Lacs

Siddhi Refoils & Industries Pvt .Ltd.

Project Type: Edible Oil Unit

Location: Lalganj,Vaishali



Bank Loan: ` 3100Lacs (SBI , Kolkata)


Recommended for 2nd Installments ` 100.00 Lacs with a condition

that the company increases its paid up capital to `3.5cr which is 10% of

the total project equity (Requirement for release of 1st installment ).

If this doesn’t happens within 6month of the release of the 1st

installment then the company to return back ` 50lacs.

Projects – 3rd installment of Grant Release

Jhunjhunwala Oil Mills Limited

Shobhnath Rice Mill Pvt. Ltd

Krrish Rice Mills Pvt Limited

Shobhnath Rice Mills Pvt .Ltd.

Project Type: Rice Mill Unit

Location: Kaimur



Bank Loan: ` 88.38Lacs (PNB , Kaimur)


Recommended for 3rd Installments– ` 15.12Lacs

Jhunjhunwala Oil Mills .Ltd.


Location: Kudra, Kaimur




Recommended for 3rd Installments– ` 200.00Lacs to be transferred

to banl loan A/c

Krrish Rice Mills Pvt .Ltd.


Location: Industrial Area , Fatuah



Bank Loan: ` 470.00 Lacs (SBI , Commercial Branch,Patna)


Recommended for 3rd Installments– ` 125.12 Lacs

Projects – 4th installment of Grant Release

Tarouna Cold Storage Pvt. Ltd

Tarouna Cold Storage Pvt .Ltd.

Project Type: RABC

Location: Jalalgarh, Purnea



Bank Loan: ` 608.57Lacs(UBI , Purnea)


Recommended for 4th Installments– ` 83.12Lacs

Projects with deviations

PROJECTS CHANGES

Siddhasaram Rice Mill clusters Layout & Plant and Machinery

Jhunjhunwala oil Mills Limited Plant & Machinery

Lumbini Beverages Pvt.Ltd New Unit to Expansion

Maa Saraswati Rice Mills Pvt. Ltd Layout, Plant & Machinery, Civil and project Cost.

Particulars

As per

approved

DPR

covered

under 35%

grant

covered

under 40%

grant

Covered

under

Captive

power

subsidy

Rs. in lacs

Land* 170.3 38.74 147.83 24.49

Buildings* 1653.22 345.99 1123.24 771.17

Equipments and other Utilities* 1465.13 525.33 281.03 1310.83

Preliminary & pre operative expenses 202.72 202.72

Contingencies 155.92 155.92

Margin money for WC 124.91 124.91

1393.61 1552.11 2106.50

Total 3772.2 5052.21

Amount for capital grant calculation* 3288.65 910.06 1552.11 2106.50

Eligible Subsidy 40% 35% 40% 50%

Grant calculated (Rs. in lacs) 945.64 318.52 620.84 1053.25

Revised Total grant (Rs. in lacs) 939.36

SIDDHASARAM RICE MILL CLUSTER: PROJECT COST

Particulars As approved in DPR Present Structure Change

Equity 854.37 1493.60 +639.23

Grant-GoB 945.63 939.36 -6.27

GrantGoB-Power 462.28 1053.25 +590.97

Debt 1509.91 1566.00 +56.09

Total 3772.19 5052.21 1280.02

SIDDHASARAM RICE MILL CLUSTER :MEANS OF FINANCE

MAA SARASWATI RICE MILLS PVT.LTD

Particulars As per approved DPR (ìn lacs)

Proposed Change (ìn lacs)

Land 32.8 10.1

Building 44.00 70.25

Equipments & other utilities

1.Rice Mill 40.43 40.43

2.MCC Panel 3.00 2.94

3.Electrical fittings & accessories

0 5.31

4.Compressor 0 5.89

5.Colour sorter 0 22.44

6.DG.Set 250 Kva 0 13.05

Total 120.23 170.41

Recommendation:

The capital investment has increased from `120.23 lacs to `170.41 lacs

As compared to the PAMC approved project there is an increase in GoB

grant from `41.00 lacs to `55.07 lacs.

Hence, increased grant amount will be released only after the

Changed component are observed & duly verified in joint site inspection

For the time being grant will released as per DPR approved earlier by PAMC.

1. No-Lien account and term loan account should be in the

same bank.

2. Bank as Designated Vendor: Promoters should have the

option of utilizing the grant amount directly to dilute the debt

availed from the banks.

3.Fund Flow to Promoter’s Account: e.g.-BIL, & Anmol Feeds

4.Grant release on hold -4 projects

Projects – Grant Release on hold

Green Earth Fertilizer Pvt. Ltd B.K Industries Ltd

Manju Makhana Enterprises Pvt. Ltd

Green Earth Fertilizer Pvt. Ltd.


Location: Sitamarhi, Industrial Area



Status: 1)No progress at the site

2)Inadequate Paid Up Capital

Status Report submitted

B.K Industries Ltd.

Project Type: RABC

Location: Ilmashnagar, Samastipur



Status: 1)Documents pending from promoter



Manju Makhana Enterprise Pvt. Ltd.

Project Type: Makhana Processing

Unit

Location: Madhubani

Project Cost: ` Lacs

Grant Sanctioned: ` Lacs

Status: 1)No progress at the site



Investor Relations

Bihar major industries in recent period