Industrial investments in Bihar in recent period

1. Presentation to
Project Approval
&
Monitoring Committee (PAMC)
Part-II
5th March 2012

2. 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

3. Projects - 1st installment of Grant Release
Vishwanath Agro Foods Pvt. Ltd.
Uttri Bihar Milk Food Company Pvt. Ltd.

4. 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

5. 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

6. 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

7. 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)

8. MBNB Cold Storage PRIVATE LIMITED
 Project Type: RABC
 Location: Teghra, Begusarai
 Project Cost: ` 999.12 Lacs
 Grant sanctioned: ` 310.91 Lacs
 Bank Loan: ` 350.00 Lacs (PNB)
 Investment till date: ` 492.63 Lacs
 Recommended for 1st & 2nd Installment–
 ` 93.27 Lacs

9. 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

10. 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 .

11. 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: ` 418.49Lacs
Recommended for 1st & 2nd Installments–
` 51.42 Lacs

12. Narmadeshwar Rice Mills private limited
 Project Type: Modern Rice Mill.
 Location: Industrial ,Growth Centre,
Aurangabad
 Project Cost: ` 1065.21 Lacs
 Grant Sanctioned: ` 316.96 Lacs
Bank Loan: ` 392.00lacs (SBI, Ranchi)
 Investment till date: ` 151.38 Lacs
Recommended for 1st & 2nd Installments– ` 95.07Lacs

13. Anmol Feeds Pvt. Ltd.
 Project Type: Poultry Feed Unit
 Location: Bela, Industrial Area,
Muzaffarpur
 Project Cost: ` 337.54Lacs
 Grant Sanctioned: ` 67.12Lacs
Investment till date: `201.98Lacs
Recommended for 1st & 2nd Installments– `20.13lacs (to be
transferred to the company’s A/c)

14. 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: ` 321.10Lacs
Recommended for 1st & 2nd Installments– ` 110.25 Lacs

15. Shirdi Foods Private limited
 Project Type: Candy Sugar
 Location: Bela Industrial Area, .
Muzaffarpur
 Project Cost: ` 148.17Lacs
 Grant Sanctioned: ` 42.12 Lacs
Bank Loan: ` 69.00 lacs
(Bank of India ,Muzaffarpur)
 Investment till date: ` 112.49 Lacs
Recommended for 1st & 2nd Installments– ` 12.63Lacs to be
transferred to the Bank loan A/C

16. Ishwar Raj Beverages Pvt. Ltd.
 Project Type: Beverage Unit
 Location: Jethuli ,Fatuah
 Project Cost: ` 1075.35Lacs
 Grant Sanctioned: ` 320.96Lacs
Bank Loan: ` 756.00 Lacs
(Allahabad Bank)
Investment till date: ` 933.45Lacs
Recommended for 1st & 2nd Installments–
 ` 96.27Lacs

17. Bhojpur Rice Mill Pvt. Ltd.
 Project Type: Rice Mill
 Location: Jagdishpur Bhojpur
 Project Cost: ` 193.26Lacs
 Grant Sanctioned: ` 48.45Lacs
Investment till date: ` 158.40Lacs
Recommended for 1st & 2nd Installments–
 ` 14.52Lacs

18. 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

19. 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: ` 778.94Lacs
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.

20. 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 to
increase in Required paid up capital.

21. Projects – 2nd installment of Grant Release
Protech Feed Pvt.Ltd
Siddhi Refoils & Industries Pvt.Ltd.

22. Protech Feed Pvt .Ltd.
 Project Type: Poultry Feed Unit
 Location: EPIP,Hazipur
 Project Cost: ` 1284.75 Lacs
 Grant Sanctioned: ` 345.01Lacs
Bank Loan: ` 635.00Lacs
(SBI,SME branch Patna)
 Investment till date: ` 295.93Lacs
 Recommended for 2nd Installments– ` 79.00Lacs

23. Siddhi Refoils & Industries Pvt .Ltd.
 Project Type: Edible Oil Unit
 Location: Lalganj,Vaishali
 Project Cost: ` 7071.95 Lacs
 Grant Sanctioned: ` 500.00Lacs
Bank Loan: ` 3100Lacs
(SBI , Kolkata)
 Investment till date: ` 2056.00Lacs
 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.

24. Projects – 3rd installment of Grant Release
Shobhnath Rice Mill Pvt. Ltd
Jhunjhunwala Oil Mills Limited
Krrish Rice Mills Pvt Limited

25. Shobhnath Rice Mills Pvt .Ltd.
 Project Type: Rice Mill Unit
 Location: Kaimur
 Project Cost: ` 158.23Lacs
 Grant Sanctioned: ` 37.84 Lacs
Bank Loan: ` 88.38Lacs (PNB , Kaimur)
 Investment till date: ` 151.23Lacs
 Recommended for 3rd Installments– ` 15.12Lacs

26. Jhunjhunwala Oil Mills .Ltd.
 Project Type: Modern Rice Mill
 Location: Kudra, Kaimur
 Project Cost: ` 1899.15 Lacs
 Grant Sanctioned: ` 500.00 Lacs
 Investment till date: ` 1504.06Lacs
 Recommended for 3rd Installments– ` 200.00Lacs to be transferred
to banl loan A/c

27. Krrish Rice Mills Pvt .Ltd.
 Project Type: Modern Rice Mill
 Location: Industrial Area , Fatuah
 Project Cost: ` 1031.64 Lacs
 Grant Sanctioned: ` 312.85 Lacs
Bank Loan: ` 470.00 Lacs (SBI , Commercial Branch,Patna)
 Investment till date: ` 982.72Lacs
 Recommended for 3rd Installments– ` 125.12 Lacs

28. Projects – 4th installment of Grant Release
Tarouna Cold Storage Pvt. Ltd

29. Tarouna Cold Storage Pvt .Ltd.
 Project Type: RABC
 Location: Jalalgarh, Purnea
 Project Cost: ` 947.58 Lacs
 Grant Sanctioned: ` 281.38 Lacs
Bank Loan: ` 608.57Lacs(UBI , Purnea)
 Investment till date: ` 1012.07Lacs
 Recommended for 4th Installments– ` 83.12Lacs

30. 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.

31. 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

32. 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

33. 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

34. 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.

35. 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

37. Projects – Grant Release on hold
Green Earth Fertilizer Pvt. Ltd
B.K Industries Ltd
Manju Makhana Enterprises Pvt. Ltd

38. Green Earth Fertilizer Pvt. Ltd.
 Project Type: Rice Mill
 Location: Sitamarhi, Industrial Area
 Project Cost: ` 240.35Lacs
 Grant Sanctioned: ` 55.04Lacs
Status: 1)No progress at the site
2)Inadequate Paid Up Capital
Status Report submitted

39. B.K Industries Ltd.
 Project Type: RABC
 Location: Ilmashnagar, Samastipur
 Project Cost: ` 2363.47Lacs
 Grant Sanctioned: ` 500.00Lacs
Status: 1)Documents pending from
promoter
2)Inadequate Paid Up Capital
Status Report submitted

40. 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
2)Inadequate Paid Up Capital
Status Report submitted