(Our Motto Is “GOOD QUALITY & GOOD SERVICE")
Application for • • • Machinery Term Loan of Rs. 65 lacs Various Working Capital Limits of Rs. 1000 Lacs Bank Guarantee of Rs. 50 Lacs
Our Motto Is “GOOD QUALITY & GOOD SERVICE"
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Executive Summary of the Project About the Promoters / Partners Project Cost and Financial Highlights Term Stipulations Other Project Details Process Flow Chart Project Implementation Schedule Credit Monitoring Assessment Data
Executive Summary of the Project
The proposed project is for setting up a 100% Export Oriented Unit engaged in the manufacturing of ferrous & non-ferrous metal ingots / billets; extruded / casted bars, rods, profiles; manufactured parts of electrical and electronic items, hardware, sanitary wares and other items with the major thrust to cater the international market. The unit will be engaged in Manufacturing of Ingots, Billets; Extruded / Casted Bars, Rods, Profiles; Manufactured parts and components of electrical and electronic items, hardware and sanitary items and other items of wide variety with different specifications for consumption of engineering Sector and other engineering firms along with processing of scrap cable and metal scraps. The products have a wide acceptance for the intermediate industrial consumption by engineering and electrical industries. Jamnagar is well known since for its Brass Part manufacturing facilities and it feeds about 70% of requirement of different machined and turned articles, fittings, parts and components of Brass of India and it has major share in international market too. The experience of partners in extrusion plant and in the working of 100% EOU will primarily be a great help. The overseas contacts of the partners have assured business through them as well as directly for reduced cost of operations working under the 100% EOU mode. A sister concern, named M/s. Vishal Impex, of this proposed concern is enjoying credit facilities from your bank. After commissioning of this unit, it is intended to close Vishal Impex and transfer existing customers / business / sale to M/s. Viom Impex. As soon as the new unit starts it's commercial operation, M/s. Vishal Impex, i.e. the erstwhile group concern would be closed. This project would carry all activities carried out by Vishal Impex and would further be expanding to cover new products / business and new international market also. Existing working capital used by Vishal Impex from your bank would be fully repaid from the working capital finance taken in Viom Impex. The collatoral security worth INR 160 Lac of Vishal Impex is held by your bank. That would be free after repayment of loans and that is offered / transferred as collatoral security in case of new limits in this new concern i.e. M/s. VIOM Impex. 1. Unit has received permission for establishment of 100% EOU, Permission letter is enclosed herewith. 2. Unit has also received provisional registration as a SSI unit for the manufacture of activities as stated above. Copy of allotment of Provisional Registration is attached herewith. 3. Copy of Partnership Deed is attached herewith.
About Promoters / Partners of the Unit
M/s. VIOM IMPEX is a closely held partnership firm promoted by Shri Vaikunthbhai G. Kataria alias Bhanushali and his son Shri Mayur V. Kataria. SHRI VAIKUNTHBHAI G. KATARIA ALIAS BHANUSHALI Age : 51 Years He is in the line of import, manufacture and export of various products since 30 years. He will look after the overall production, Quality control, Production Planning and development of New Products. The partner is well experienced in the Extrusion plant and working of 100% EOU. He is the director of Padmavati Impex Pvt. Ltd. which is a 100% EOU engaged in manufacturing and export of parts & components of brass and is established as a quality supplier in the...