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
(`in lacs)

1st installment 2 projects 23.66
For 1st & 2nd 14projects 934.35
installment
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.

Vishwanath Agro Foods 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

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

 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)
Recommended for 1st & 2nd Installments– ` 95.07Lacs

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

 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)
Investment till date: ` 933.45Lacs
 ` 96.27Lacs

Bhojpur Rice Mill Pvt. Ltd.

 Project Type: Rice Mill
 Location: Jagdishpur Bhojpur
Investment till date: ` 158.40Lacs
 ` 14.52Lacs

Maa Bhagwati KalyanpurCold Stores Pvt.
Ltd.
 Location: Kalyanpur , Samastipur
 Bank Loan: `362.00 lacs
(with Kshetriya graminbank, Samastipur.)
 Recommended for 1st & 2nd Installments– ` 70.17Lacs

Amit Solvex
 Project Type: Edible oil unit
 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

Protech Feed Pvt.Ltd
Siddhi Refoils & Industries 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

Shobhnath Rice Mill Pvt. Ltd
Jhunjhunwala Oil Mills Limited
Krrish Rice Mills Pvt Limited

Shobhnath Rice Mills Pvt .Ltd.

 Project Type: Rice Mill Unit
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.

 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.

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 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 :MEANS OF FINANCE

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

MAA SARASWATI RICE MILLS PVT.LTD

Particulars As per approved Proposed Change
DPR (`in lacs) (`in 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 & 0 5.31
accessories
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.

 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

Bihar major industries in recent period

Bihar major industries in recent period

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