1 of 29 - PowerPoint PPT Presentation

1 / 23
About This Presentation
Title:

1 of 29

Description:

== CORPORATE PRESENTATION == * of 29 Disclaimer * No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness ... – PowerPoint PPT presentation

Number of Views:101
Avg rating:3.0/5.0
Slides: 24
Provided by: anup71
Category:
Tags: yarn

less

Transcript and Presenter's Notes

Title: 1 of 29


1
CORPORATE PRESENTATION
2
Disclaimer
No representation or warranty, express or
implied, is made as to, and no reliance should be
placed on, the fairness, accuracy, completeness
or correctness of the information or opinions
contained in this presentation. Such information
and opinions are in all events not current after
the date of this presentation. Certain statements
made in this presentation may not be based on
historical information or facts and may be
"forward looking statements based on the
currently held beliefs and assumptions of the
management of Sumeet Industries Limited
(Company or Sumeet), which are expressed
in good faith and in their opinion reasonable,
including those relating to the Companys general
business plans and strategy, its future
financial condition and growth prospects and
future developments in its industry and its
competitive and regulatory environment.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors,
which may cause the actual results,
financial condition, performance or achievements
of the Company or industry results to differ
materially from the results, financial condition,
performance or achievements expressed or implied
by such forward-looking statements, including
future changes or developments in the Companys
business, its competitive environment and
political, economic, legal and social conditions.
Further, past performance is not necessarily
indicative of future results. Given these risks,
uncertainties and other factors, viewers of this
presentation are cautioned not to place undue
reliance on these forward-looking statements.
The Company disclaims any obligation to update
these forward-looking statements to reflect
future events or developments. This
presentation is for general information purposes
only, without regard to any specific objectives,
financial situations or informational needs of
any particular person. This presentation does not
constitute an offer or invitation to purchase or
subscribe for any securities in any
jurisdiction, including the United States. No
part of it should form the basis of or be relied
upon in connection with any investment decision
or any contract or commitment to purchase or
subscribe for any securities. None of our
securities may be offered or sold in the United
States, without registration under the U.S.
Securities Act of 1933, as amended, or pursuant
to an exemption from registration
therefrom. This presentation is confidential
and may not be copied or disseminated, in whole
or in part, and in any manner.
3
Index
TABLE OF CONTENTS PAGE NO.

Industry Overview 4
Company Overview 6-7
Objects of QIP 16-17
Financial Snapshot 21-22
4
Textile Industry - Overview
  • Contributes to 4 to GDP and 17 to Indias
    Export Earnings
  • Provides employment to over 35 mn people
  • According to the Confederation of Indian Textile
    Industry (CITI), the potential size of the Indian
    textiles industry is expected to reach US 110
    billion by 2012

Key Segments of Textile Industry
5
Textile Industry Advantage to India
Sources Ministry of Textiles 200809 annual
report Note on sericulture and the silk
industry, Ministry of Textiles
6
Man-Made Staple Fibre And Filament Yarn Industry
Cont2
6
7
Man-Made Staple Fibre And Filament Yarn Industry
8
Company Snapshot
  • Incorporated in 1988 by Mr. Shankarlal Somani and
    his family to carry on the business of Polyester.
  • First plant set up in 1993-94 to manufacture
    Polypropylene Multifilament Yarn (PPMFY) with
    installed capacity of 1500 TPA.
  • Gradual expansion in Polyester Filament Yarn
    (POY), Polyester Filament Yarn (FDY) and PET
    Chips with current installed capacity of
    1,00,000 TPA.
  • Among the best quality manufacturers in India,
    for producing dope dyed polypropylene yarn in
    which accuracy and uniformity of color is
    guaranteed.
  • Products marketed under the brand name SUMILON
    approximate share of 20 in India.
  • Received a Star Export House status by Ministry
    of Commerce Industry in 2004-05.
  • Maiden public issue in December 1992 listed on
    BSE NSE.
  • Company has shown tremendous growth with 343
    CAGR of Turnover (FY06-FY10) and 1179 CAGR of
    Profit after Tax (FY06-FY10).

9
Sumeet Industries Limited - Overview
Products Overview
P. P. Multi Filament Yarn (PPMFY)
Polyester Filament Yarn (POY)
Polyester Filament Yarn (FDY)
Pet Chips
3,900 Tons
36,000 Tons
17,000 Tons
47,000 Tons
Annual Capacity
10
Sumeet Industries Limited - Overview
Products Overview
POLYESTER
PET CHIPS
TEXTURISED
POY / FDY
POLY PROPYLENE
POY
CRIMP
TWISTED
11
Journey thus Far - Milestones and Achievements
  • This Prestigious Expansion cum Backward
    Integration Plan completed with total investment
    of Rs. 150.00 Crores and increased companys
    capacity from 12000 tons to 100000 tons (More
    than 8 times)

2010
  • Commissioned 6 MW Gas based Genset Captive Power
    Plant, enhancing the capacity of captive power
    generation by 8.5 MW

2009
  • The Company has commissioned fully imported C.P.
    PLANT (Continuous Polymerization Plant) of 288
    tones per day capacity or 100000 tones per annum
    as Expansion cum Backward Integration Project

2009
  • The Company converted its coal based power plant
    of 2.5 MW to Gas based Gen Set Power Plant for
    further reducing its power cost. The Company
    has tie-up with Gujarat Gas Company for
    supplying the Gas through Pipeline for the said
    Power Plant

2007
  • Installed 60 Water Jet Looms to manufacture 3.5
    Million meters Woven Fabric per annum

2006
  • Installed Polyester Spinning Plant to manufacture
    12000 MT Polyester Filament Yarn (POY) per annum
    with capital investment of Rs. 300 Million

2005
  • Installed coal based power plant of 2.5 MW for
    captive power generation with capital investment
    of Rs. 60 Million

2004
  • Increased the capacity of Texturising Twisting
    to 3900 MT 2000 MT respectively per annum

1999
  • Increased the capacity of Polypropylene
    Multifilament Yarn to 3900 MT per annum with
    capital investment of Rs. 144 Million

1997
  • Change of Name of the Company (Sumeet Synthetics
    Limited to Sumeet Industries Limited)

1995
  • Installed capacities of Texturising Twisting of
    1500 MT per annum for value addition with total
    project cost of Rs. 45 Million

1995
  • Installed capacity of 1500 tons per annum of
    Polypropylene Multifilament yarn with total
    project cost of Rs. 200 Million

1993
  • Conversion from Private Limited to Public Limited

1992
  • Incorporation of Sumeet Synthetics Private Limited

1988
12
Business Strategy
13
Competitive Strengths
14
Experienced Promoters
Name Designation Education Profile
Mr. Shankarlal Somani Chairman and Executive Director Graduation in Commerce from University of Rajasthan Over 3 decades of experience in the textile industry Plays a key role in management of our Company Has served social prestigious posts like Managing committee member of Sarvajanik Education Society and Shri Maheswari Vidyapeeth
Mr. Rajkumar Somani Managing Director Bachelors degree in Commerce from University of Rajasthan Has experience of about 28 years in the textile industry Instrumental in establishing a Polyester Filament Yarn and Twisted Texturised Yarn plants
Mr. Sumeet Somani Whole Time Director M.Com from South Gujarat University, D.B.M. from S. P. Jain Institute of Management Research, Mumbai Looking after Companys expansion plan and future business planning with core management of the Company He is managing a process house SANYA FASHIONS and Priyanshi Creations Private Limited at Surat
Rs. in Lakhs
15
Export Turnover
U.S.A.
ARGENTINA
INDONESIA
SRI LANKA
SOUTH AFRICA
EGYPT
SAUDI ARABIA
SPAIN
16
Objects of the QIP
Cost of the Project
Rs. in Lakhs
1 To finance the cost of enhancement of spinning capacity of POY/FDY from 53,000 TPA to 1,00,000 TPA. This expansion will utilize balance capacity of poly condensation plant as captive consumption by manufacturing POY/FDY directly from MEG PTA instead of producing PET chips. This project will also enhance the scale of operation and improve the cost competitiveness of Companys products 14,150.00
2 To augment the existing working capital requirements 3,000.00
Total 17,150.00
Cont2
17
Objects of the QIP
Means of Finance
Rs. in Lakhs
1 QIP Proceeds 6,000.00
2 ECA loan from KBC Bank Deutschland AG 5,894.30
3 ECB loan of US 10 MN 4600.00
4 Internal Accruals 655.70
Total 17,150.00
17
18
Peer Group Comparison
PAT Margin EBITDA Margin
RONW EPS
Rs.
Sources Capitalline
19
Stock Performance Analysis
Monthly Analysis (July Dec 2010)
Rs.
Annual Analysis (FY08 FY10)
Rs.
Sources www.bseindia.com
20
Corporate Structure
Shareholding Pattern
Board of Directors
Name of the Director Designation Nature of Directorship
Mr. Shankarlal Somani Chairman Non-Independent, Executive
Mr. Raj Kumar Somani Managing Director Non-Independent, Executive
Mr. Sumeet Somani Chief Financial Officer Non-Independent, Executive
Mr. Dinesh Khare Director Non- Independent, Executive
Mr. B. C. Chordia Director Independent, Non- Executive
Mr. Vinod Ladia Director Independent, Non- Executive
Mr. Mangilal Lahoti Director Independent, Non- Executive
Mr. Devi Prasad Saboo Director Independent, Non- Executive
www.bseindia.com, as on 31st Dec. 2010
21
Strong Financial Performance
Rs. In Lakhs
Rs. In Lakhs
22
Strong Financial Performance
Rs. In Lakhs
Rs.
EPS after Rights Issue of 11 in Jan. 2009
EPS is not annualised
23
Thank You
Write a Comment
User Comments (0)
About PowerShow.com