Sunita w, Please wait till FPO is announced then you can buy truckload of power grid.Heartening to see so many ladies coming on board once this nuisance of anonymous was cleared.Wonder why it took so many days for Chittorgarh team to remove the virus which was causing widespread damage to itself.
Good to see that the anonymous group is gone ..:-)quick question to Sreedhar or SJ..for this issue is it going to be 2 lacs or 1 lac for retail category..thanks.
1. The Company proposes to use the issue proceeds amounting to Rs.200 lacs for purchase of land from group Company, namely, Jalousies (India) Private Limited. There has been no independent land valuation done for this purpose.
2. GIL has not yet identified land for Maharashtra unit and the Company is in the process of exploring overseas location, for set up of new project.
3. The company has not placed orders for the machineries and other equipments proposed to be purchased. There could be cost and time over run.
4. In last three years our Company has under utilized the installed capacity for various products.
5. The average cost of acquisition of the equity Shares of face value Rs.10/- by the Promoters is Rs. 6.66.
6. Impact of currency fluctuation -having a global presence with import and export trade, the company business faces currency rate fluctuation volatility. Any change in the currency rates may have an impact on the financials of the Company.
7. International changes in price of Lead metal may affect the performance. In last one year, the commodity market has seen a wild swing of lead price movement in a range of $880 to $2447 per MT.
8. Lead industry is one of the health hazardous industries and is governed by strict environmental laws and regulations which may become more stringent in times ahead.
9. Lead industry in India is highly competitive in nature.
10. The company has no history of dividend payment.
11. Due to change in the EXIM Policy in the year 2002, the demand for Lead Oxides, primary product for the company, declined and the unit was out of production for a period of four years from 2001-02 to 2004-05.
12. For the financial years March 31, 2007, 2008 and 2010, the company had a negative cash flow from operations to the tune of Rs.51.77 lacs, Rs. 35.82 Lacs and Rs. 1,811.95 Lacs respectively.
13 The company had defaulted to Bank of Baroda in the past. In the year 2000 the company had to shut down operations for five years due to non-availability of working capital funds! The outstanding was repaid to bank in F.Y. 2005-06 as a onetime settlement of Rs.90.00 lacs.
14. The implementation of the project is at a very preliminary stage. Any delay in implementation of the same may increase the capital cost and affect returns from the project.
15. The exact location for the over seas projects are yet to be identified. There are no assured dividends from the investments envisaged in overseas ventures.