The Dy. Gen.
Manager
Exim Bank Of India
New Delhi. 15th October, 2007
Ref: Working Capital Proposal.
Sir,
With reference to our telephonic discussion we are hereby submitting our proposal for
working capital limits. Kindly do the needful and oblige.
Thanking you
Yours faithfully
For Coppice Technologies Pvt. Ltd.
Director
The Dy. Gen. Manager
Exim Bank Of India
New Delhi. 04.03.2006
Ref: Your letter No. EXIM:NDRO:0212/2006 dated 02.03.2006.
Sir,
With reference to your above-mentioned letter we would like to submit as under:
01. We have taken up the matter with our bankers for pari passu charge and at the
moment they are not agreeable but we are hopeful to get the same at the time
of renewal of facilities next year.
02. We are not having any collateral with us at the moment but we are sure to
provide the same to you a token value of collateral with in three to four
months of time from the date of sanction of facilities.
Thanking you
Yours faithfully
For Expotec International Limited
Director
The Dy. Gen. Manager
Exim Bank Of India
Statesman House
New Delhi. 10.04.2006
Ref: Our pending request for working capital limits.
Sir,
With reference to our pending request for the working capital limits we would like to
submit that as we are expecting orders with in a short span of time so kindly process the
request and sanction us the required limits.
Thanking you
Yours faithfully
For Expotec International Limited
Director
The General Manager
Exim Bank Of India
Mumbai
27.04.2007
Dear Sir,
With reference to our telephonic discussion we are sending you the detail of the Nostro
account of Andhra Bank:
OUR BANK : ANDHRA BANK, M-35, CONNAUGHT CIRCUS
BRANCH, NEW DELHI.
SWIFT: ANDBINBBNDL
OUR ACCOUNT NO.: 4588
CORRESPONDENT BANK: CITI BANK N.A.
SWIFT: CITIUS33
UID: 131962
ACCOUNT NO. OF ANDHRA BANK
IN CITI BANK NA 36153818
OUR LC NO.: CD 123-342 CA/ETR 1
OUR CONTRACT NO.: EIL/TSE/109/06.
We request you to kindly remit USD 1139996 to our account in Andhra bank as twenty
percent advance payment for the execution of the contract.
Thanking you
Yours faithfully
For Expotec International Limited
(Authorised Signatory)
The Manager
Exim Bank Of India
Barakhamba Road
New Delhi.
30.04.2007
Ref: Payments under LC No. CD 123-342 CA/ETR 1.
Dear Sir,
We are doing exclusive banking with Andhra Bank and we are executing the contract
from our bank and taking various facilities from them. We request you to kindly route all
payments to the following mentioned detail of the Nostro account of Andhra Bank:
OUR BANK : ANDHRA BANK, M-35, CONNAUGHT CIRCUS
BRANCH, NEW DELHI.
SWIFT: ANDBINBBNDL
OUR ACCOUNT NO.: 4588
CORRESPONDENT BANK: CITI BANK N.A.
SWIFT: CITIUS33
UID: 131962
ACCOUNT NO. OF ANDHRA BANK
IN CITI BANK NA 36153818
OUR LC NO.: CD 123-342 CA/ETR 1
OUR CONTRACT NO.: EIL/TSE/109/06.
We request you to kindly remit all payments connected with above to our bank only as
mentioned above. Kindly acknowledge the receipt of this letter and oblige.
Thanking you
Yours faithfully
For Expotec International Limited
(Authorised Signatory)
cc: Andhra Bank, M-35, Connaught Circus Branch, New Delhi.
To,
The Manager (Credit),
Export-Import Bank of India,
Statesman House,
148, Barakhambha Road,
New Delhi
Subject: Request for Sanction of Working Capital Facilities for
Execution of Export Contract of US $ 10mio for IT Training Project
under Line of Credit to Govt. of Senegal
Sir,
Please refer the letter from your Head Office at Mumbai vide Ref. No.
GOILOC-71(1)/07/1596 dated 8th October, 2007.
We have entered into a contract Agreement with Societe Amar Consulting, Dakar,
Senegal for US $ 10,00,000.00 (US Dollars Ten Million) to sell and provide services for
I.T. Training Centre in Senegal. The said Contract has been APPROVED by Ministry of
Finance and Economic Planning, Government of SenegaL The Government of Senegal
has already approached you for the approval of the above mentioned Contract for
extending LOC to Government of Senegal.
To execute the said orders, we request you to kindly extend us the following Credit
facilities:
FUND BASED LIMITS:
A. Preshipment Facility:
1. Packing Credit Facility in Foreign Currency : Equivalent of INR 250.00 Lakhs;
MARGIN 25% AGT. HYP. OF
STOCKS IN TRADE. MAX.
TENOR 180 DAYS ;
INTEREST RATE: LIBOR+100
BASIS POINT.
B. Post Shipment Facility:
1. Export Documents Negotiation under LC : Equivalent of INR 250.00 Lakhs;
MARGIN : NIL AGT. EXPORT
RECEIVABLES.
INTEREST RATE: LIBOR+100
BASIS POINT.
NON FUND BASED LIMITS:
INLC / FLC- DP /DA 90 DAYS: EQUIVALENT TO INR 1000 LACS -MARGIN 10%
BG / FBG : EQUIVALENT TO INR 1000 LACS – MARGIN 10%
BRIEF HISTORY OF THE COMPANY:
Coppice Technologies Pvt. Ltd. Was incorporated on 22 ND March, 2004. The
Memorandum and Articles of Association of the Company are enclosed for your
reference. There are three Directors in the Company - Mr. Aashish Oberoi, Mr. Diwakar
Mishra and Mr. Vinay Singh, who have huge experience of more than 17 years in Export
Business. The paid up capital of the Company is Rs100,000.00 divided into 10000 shares
of Rs.10/- each. The shareholding pattern is as follows:
1. Sh. Aashish Oberoi 3333 shares;
2. Sh. Diwakar Mishra 3334 shares;
3. Sh. Vinay Kumar Singh 3333 shares.
The has however, been no business in the said Company since incoparation and this is the
First Order / Contract that the Company has enetered into. The company expects to do a
Good Business in the coming years.
BRIEF BACKGROUND OF PROMOTERS AND GROUP COMPANIES:
The group companies / firms are LUCKY EXPORTS, (which is a Two Star Export
House and is ISO Certified ) and Expotech International Ltd.
THE PROMOTER DIRECTORS NAMELY MR. DIWAKAR MISHRA, MR. VINAY
KUMAR SINGH ARE QUALIFIED ENGINEERS AND MR. AASHISH OBEROI IS A
QUALIFIED DOCTOR, JOINTLY STARTED THE BUSINESS IN 1991. AFTER
PUTTING THEIR HARD EFFORTS INTO BUSINESS YEAR BY YEAR THEY
HAVE SHOWN A STUDY GROWTH AND ACQUIRED GOOD WEALTH IN LAST
FOURTEEN YEARS. WE HAVE ONE OFFICE IN MOSCOW (RUSSIA), ONE
OFFICE IN SHARJAH (UAE) AND ONE IN SUDAN AND ETHOPIA TO LOOK
AFTER THE MARKETING REQUIREMENT OF THE BUSINESS. AS A MATTER
OF POLICY THEY ALWAYS SUPERVISE THE OPERATIONS THEMSELVES IN
ALL OFFICES.
THE COMPANIES ARE ALL PROFESSIONALLY MANAGED AND ARE
DIVIDED INTO DIFFERENT FUNCTIONAL AREAS. EACH AREA IS BEING
MANAGED BY QUALIFIED PROFESSIONALS AND ALL THE MANAGERS OF
THE RELEVENT FUNCTIONAL AREAS REPORT TO THE LOCAL DIRECTOR
PERSONALLY. FOR THE IT, MR. JOGINDER SINGH HAS JOINED OUR
ORGANISATION AS CEO, WHO HAS WIDE EXPERIENCE IN IT INDUSTRY AND
WAS WITH TATA CONSULTANCY SERVICES AS _______________.
THE DIRECTORS OF THE UNIT ARE HAVING MORE THAN FIFTEEN YEARS
EXPERIENCE OF BUSINESS AND THEY ARE HAVING WELL-EXPERIENCED
STAFF TO LOOK AFTER THE VARIOUS FUNCTIONAL PARTS. THEY HAVE
GOT THEMSELVES IN EXPORT MARKET. WE ARE MAINLY INTO TENDERING
BUSINESS IN EXPORTS AS WELL AS IN THE NEW LINE OF ACTIVITY.
THE GROUP HAS ALSO DIVERSIFIED INTO EXECUTION OF TURNKEY
PROJECTS AND HAS SUCCESSFULLY EXECUTED A PROJECT FOR
INSTALLATION OF GAS PIPELINE FROM DAHEJ (GUJRAT) TO VIJAYPUR
(MP) OF RS. 50.00 CRORES.
Areas of strength :
1. THE BUSINESS IS MANAGED BY DIRECTORS THEMSELVES WITH
THE SUPPORT OF A TEAM OF PROFESSIONALS.
2. THE DIRECTORS ARE YOUNG AND HIGHLY EDUCATED.
3. THE GROUP COMPANIES / FIRM HAS BEEN DOING GOOD EXPORTS
FOR THE LAST FIFTEEN YEARS.
4. HAVE STARTED ONE OFFICE IN U.A.E. AND ONE OFFICE IN
MOSCOW TO BRING MORE BUSINESS AND TO IMPROVE PROFITS
AND IS DEVERSIFYING INTO NEW MARKETS LIKE SUDAN, SENEGAL ,
ETHOPIA AND CIS COUNTRIES.
5. COMPETIVE PRICE, QUALITY AND TIMELY SERVICE IS THE MOTTO
OF THE GROUP.
DETAILED SCOPE OF THE PROJECT:
In Developing Countries like Senegal, there is huge scope of IT Industry. We
have to take advantage offered by Digital economy. As at present, the
Computers are not being used and offers great potential to us to create Mass IT
literacy. We have huge scope of Human capacity Building in:
Government; Universities; Schools
We are committed to deliver Software Consultancy, Education and Project
Implementation. Our scope of project consists of to sell and provide services for
setting up I.T. Training Centres in Senegal as per Annexure Nos. 1 to 5
attached here with.
MANPOWER PLANNING FOR THE PROJECT:
We will have ON SITE and OFF SITE Teams for the Project.
ON SITE TEAM shall consist of Twenty Nine personnel as follows:
1. GROUP LEADER --- ONE;
2. CENTRE MANAGERS --- FIVE;
3. TRAINERS --- EIGHTEEN;
4. COORDINATORS --- FIVE.
OFF SITE TEAM shall consist of SEVEN personnel as per details below:
1. PROJECT HEAD ---- ONE;
2. GROUP LEADER ----- ONE;
3. PROJECT OFFICER --- FIVE
Besides the above, there will be an Audit Visit every Three Months of the
Project (or earlier as the situation demands). The Audit Visit shall be conducted
from the OFF SITE TEAM personnel.
SOURCES OF GOODS AND SERVICES:
The Company is in an advanced stage of discussions for procurement of Goods
and Services under the Contract from reputed Indian Manufacturers and
Software Consultants like HCL, Lenovo and IBM and shall finalise the same with
them upon receipt of LC under the Contract. The said manufacturers are reputed
Organisations and have Technical Expertise and Know how in the related
products. All the products –Material, Equipment Services are likely to be sourced
from within India.
The Goods shall be shipped with in the period as mentioned in Contract / LC.
