Vaishali Enterprises and Cold Storage P. Ltd Project Type: RABC Location: Industrial Growth Centre, Giddha, Ara Project Cost: ` 1136.70 Lacs 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 Project Cost: ` 1320.34 Lacs Grant Sanctioned: ` 383.04 Lacs 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 Project Cost: ` 638.10 Lacs Grant Sanctioned: ` 171.44Lacs Bank Loan: ` 233.63Lacs (Central Bank Of India) Investment till date: ` 418.49LacsRecommended for 1st & 2nd Installments–` 51.42 Lacs
Narmadeshwar Rice Mills private limited Project Type: Modern Rice Mill. Location: Industrial ,Growth Centre, Aurangabad Project Cost: ` 1065.21 Lacs Grant Sanctioned: ` 316.96 LacsBank Loan: ` 392.00lacs (SBI, Ranchi) Investment till date: ` 151.38 LacsRecommended for 1st & 2nd Installments– ` 95.07Lacs
Anmol Feeds Pvt. Ltd. Project Type: Poultry Feed Unit Location: Bela, Industrial Area, Muzaffarpur Project Cost: ` 337.54Lacs Grant Sanctioned: ` 67.12LacsInvestment till date: `201.98LacsRecommended for 1st & 2nd Installments– `20.13lacs (to betransferred to the company’s A/c)
Vina Paras Modern Rice Mill Private limited Project Type: Modern Rice Mill Location: Kaimur Project Cost: ` 1272.94Lacs Grant Sanctioned: ` 367.52Lacs Bank Loan: ` 500.00Lacs (SBI,SME Branch) Investment till date: ` 321.10LacsRecommended for 1st & 2nd Installments– ` 110.25 Lacs
Shirdi Foods Private limited Project Type: Candy Sugar Location: Bela Industrial Area, . Muzaffarpur Project Cost: ` 148.17Lacs Grant Sanctioned: ` 42.12 LacsBank Loan: ` 69.00 lacs (Bank of India ,Muzaffarpur) Investment till date: ` 112.49 LacsRecommended for 1st & 2nd Installments– ` 12.63Lacs to betransferred to the Bank loan A/C
Maa Bhagwati KalyanpurCold Stores Pvt. Ltd. Project Type: RABC Location: Kalyanpur , Samastipur Project Cost: ` 778.75Lacs Grant Sanctioned: ` 233.94 Lacs Bank Loan: `362.00 lacs(with Kshetriya graminbank, Samastipur.) Investment till date: ` 296.85 Lacs Recommended for 1st & 2nd Installments– ` 70.17Lacs
Amit Solvex Project Type: Edible oil unit Location: Kaimur Project Cost: ` 1051.71Lacs Grant Sanctioned: ` 296.2Lacs Bank Loan: `250.00 lacs(Allahabad Bank) Investment till date: ` 778.94LacsSite Inspection done on 20/08/2011Status report submitted on 23/09/2011Now, the complete inspection report is submitted Recommended for 1st & 2nd Installments– ` 88.86Lacs with condition toapproval from all the members of Site Inspection team.
Kritika Rice Mill Pvt. Ltd. Project Type: Rice Mill Location: Basudeopur Chowk, Samastipur Project Cost: ` 733.66Lacs Grant Sanctioned: ` 197.55Lacs Bank Loan: ` 385lacs(Allahabad Bank ,Samastipur) Investment till date: ` 470.75 Recommended for 1st & 2nd Installments– ` 59.25Lacs subject toincrease in Required paid up capital.
Projects – 2nd installment of Grant Release Protech Feed Pvt.Ltd Siddhi Refoils & Industries Pvt.Ltd.
Siddhi Refoils & Industries Pvt .Ltd. Project Type: Edible Oil Unit Location: Lalganj,Vaishali Project Cost: ` 7071.95 Lacs Grant Sanctioned: ` 500.00LacsBank Loan: ` 3100Lacs (SBI , Kolkata) Investment till date: ` 2056.00Lacs Recommended for 2nd Installments ` 100.00 Lacs with a conditionthat the company increases its paid up capital to `3.5cr which is 10% ofthe total project equity (Requirement for release of 1st installment ).If this doesn’t happens within 6month of the release of the 1stinstallment then the company to return back ` 50lacs.
Projects with deviations PROJECTS CHANGESSiddhasaram Rice Mill clusters Layout & Plant and MachineryJhunjhunwala oil Mills Limited Plant & MachineryLumbini Beverages Pvt.Ltd New Unit to ExpansionMaa Saraswati Rice Mills Pvt. Ltd Layout, Plant & Machinery, Civil and project Cost.
SIDDHASARAM RICE MILL CLUSTER: PROJECT COST Covered under As per covered covered Captive approved under 35% under 40% power DPR grant grant subsidy Particulars Rs. in lacsLand* 170.3 38.74 147.83 24.49Buildings* 1653.22 345.99 1123.24 771.17Equipments and other Utilities* 1465.13 525.33 281.03 1310.83Preliminary & pre operative expenses 202.72 202.72Contingencies 155.92 155.92Margin money for WC 124.91 124.91 1393.61 1552.11 2106.50Total 3772.2 5052.21Amount for capital grant calculation* 3288.65 910.06 1552.11 2106.50Eligible Subsidy 40% 35% 40% 50%Grant calculated (Rs. in lacs) 945.64 318.52 620.84 1053.25Revised Total grant (Rs. in lacs) 939.36
MAA SARASWATI RICE MILLS PVT.LTDParticulars As per approved Proposed Change DPR (`in lacs) (`in lacs)Land 32.8 10.1Building 44.00 70.25Equipments & other utilities1.Rice Mill 40.43 40.432.MCC Panel 3.00 2.943.Electrical fittings & 0 5.31accessories4.Compressor 0 5.895.Colour sorter 0 22.446.DG.Set 250 Kva 0 13.05Total 120.23 170.41
Recommendation:The capital investment has increased from `120.23 lacs to `170.41 lacsAs 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 theoption of utilizing the grant amount directly to dilute the debtavailed from the banks.3.Fund Flow to Promoter’s Account: e.g.-BIL, & Anmol Feeds4.Grant release on hold -4 projects
Projects – Grant Release on hold Green Earth Fertilizer Pvt. Ltd B.K Industries LtdManju Makhana Enterprises Pvt. Ltd
Green Earth Fertilizer Pvt. Ltd. Project Type: Rice Mill Location: Sitamarhi, Industrial Area Project Cost: ` 240.35Lacs Grant Sanctioned: ` 55.04LacsStatus: 1)No progress at the site 2)Inadequate Paid Up CapitalStatus Report submitted
B.K Industries Ltd. Project Type: RABC Location: Ilmashnagar, Samastipur Project Cost: ` 2363.47Lacs Grant Sanctioned: ` 500.00LacsStatus: 1)Documents pending from promoter 2)Inadequate Paid Up CapitalStatus Report submitted
Manju Makhana Enterprise Pvt. Ltd. Project Type: Makhana Processing Unit Location: Madhubani Project Cost: ` Lacs Grant Sanctioned: ` LacsStatus: 1)No progress at the site 2)Inadequate Paid Up CapitalStatus Report submitted