BUSINESS BRIEF

Background: The group was established in the 1930s with a specific focus on Transport, Textiles & Global Trading.

There are 3 companies within the main/parent group:

1. Garment Division- Manufacturer and Exporter of Ready Made Garments to branded customers based in France, USA, Canada, Poland, and Finland) An ISO, WRAP & SEDEX Certified Company
2. Fabric & Textile Division - The Company supplies Fabric and Other Textile related products to all the Textile companies in India and Overseas. Their primary focus is on the export of grey and color (dyed) fabric/denim.
3. Yarn, Fabric & Made ups Division- The company is an exporter of Yarn, Fabric & Made-ups. It’s certified by an institution like GOTS (Global Organic Textile Standards) & BCI (Best Cotton Initiative Certified).

Current Plans of the Group- The Group is planning to restart the operations of the Yarn, Fabric and Garment Division. The existing customers of the Group for several decades have shown keen interest in our products and are willing to place the orders once we are ready to supply them as per their requirements. The group is a WRAP, SEDAX and DISNEY certified company. Our Buyers have been comfortable since we hold all the Compliances for all production, social and ethical norms required globally.

• To setup fully integrated In- House facility for Embroidery and Printing.
• To setup additional Garmenting Unit with a capacity of 500-600 seats in the outskirts of Chennai.
• To setup a Domestic Brand for Inner Garments thereby having a retail presence to increase the bottom line of the Company.

Financial Projections- The Top Line of the group Textile Division shall be around Rs 400 Crores for the first year (FY 22-23) and shall progressively move upwards for the consecutive years.

Given below is the Application of the sought Funds for restarting the operations :

The Ask- 200 Crores (From Investors)
Proposed Investment Model- Open for discussion (Equity/Low Cost Debt/Fixed Rate Coupon or Hybrid etc.)

• Working Capital & Corporate Purpose- INR 110 Crores
• Payment to Banks & Institutions – INR 60 Crores
• Creditors/Suppliers/Statutory Dues- INR 30 Crores

Revenue of various Divisions of FY 2020:

• Garment Division: INR 154.01 Cr.
• Fabric Division: INR 75.44 Cr.
• Yarn Division: INR 60.1 Cr.