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Banswara Syntex Limited

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1 Banswara Syntex Limited
Investor Update June 2011 BSE Code: NSE Code: BANSWRAS Bloomberg Code: BSWL IN Reuters Code: BANS.BO 1 1

2 KEY HIGHLIGHTS OF 2010-11 Total Income increased by 28.13%
EBIDTA increased by 29.79% PAT more than 1.52 times. Basic EPS Rs Net Worth Rs. 160 Cr. Net Worth and DTL Rs. 190 Cr. Book Value of Shares Rs per share Dividend 50% 20% Interim in Nov-10 30% Final in FY 2011

3 COMPANY HIGHLIGHTS 32,000 Tones Yarn Production
A Complete composite mill untill fabric production at single location so advantage of lead time Export Culture with over 65% Export Sales 400 Lac Mtr Wooven Fabric WE ARE “LYCRA ASSURED and Accredited” Company based on pillars of trust, innovation, service and reliability Design Studio for Fabric and Garment 5 Million Meters/Month Finishing Laboratory accredited by M & S and world leading brand “AATCC” World Class Yarn & Fabric Testing Lab 3 Lac Pcs/Month Garments European Quality available in India due to Joint venture with Carreman of France Capable and Experienced Team Recently launched fashion brand i.e Saint X for both formal and casual wear – fabric and garments. 30/33 MW Power Plant Production Facility for technical fabrics including jacquard fabrics BANSWARA SYNTEX LIMITED

4 SAFE HARBOR This presentation outlines the business model of
Banswara Syntex Limited and its future growth strategy. It is for reference of the intended recipient only and any unauthorized sharing of the same is prohibited. This document does not constitute an offer or invitation to offer for purchase / sale of any securities. The document may contain certain “Forward Looking Statements”, which the Management believes to be true in terms of the present organizational strategy. There is no warranty, implied or otherwise that the information is accurate or otherwise complete and neither the company nor its Management shall be held responsible for any act or omission on the part of the recipient of this document. BANSWARA SYNTEX LIMITED

5 Agenda AGENDA About Us 1 Business Process 4 Our Plants 5
Our Customers 11 Shareholding Pattern as on March 31, Dividend and Bonus History 15 Historical Product-Wise / Market-Wise Revenues 16 Historical Financial Performance 18 BSL’ Share Price v/s BSE Sensex 19 Awards and Achievements 20 Investment Rationale 21 Status of the Project Undertaken 22 Major Milestones 23 Corporate Social Endeavors 26 Contacts 27 Agenda BANSWARA SYNTEX LIMITED

6 ABOUT US Banswara Syntex Ltd. (BSL) was incorporated in the year 1976 as a joint sector company with RIICO Ltd. (A Govt. of Rajasthan Undertaking) and Mr. R. L. Toshniwal. In 1982, Mr. Toshniwal purchased the shares from RIICO. Currently, BSL is a Public Limited Company and the promoters holding 53.53% of Equity Share Capital. Initially it was a spinning mill with 12,500 spindles. BSL has been on an ongoing roadmap of expansion, diversification and modernization plans. Over the last 3 decades, BSL has increased the Spinning capacity to 1,44,452 spindles commenced production of Fabric from 1993, Readymade Garments from 2004, Made-ups and Worsted Spinning from BSL has also entered into a 50:50 JV with Carreman Michel Thierry Group (CMTG) of France. BSL is a Government recognized Trading House and has won the Highest Export Performance award from SRTEPC for the last 8 years in a row. The Company also owns state awards for “Export Excellence” for export made in last 3 Years from to BSL is one of the LARGEST vertically integrated textile player 1 BANSWARA SYNTEX LIMITED

7 About Us KEY MANAGERIAL PERSONNELS 2
Mr. R L Toshniwal – Chairman & Managing Director He holds a Masters degree in Textiles from Leeds University, UK and has a vast experience of 48 years in the field of Textile Industry. Besides Banswara, he is on the board of five other companies and also holds the office of Chairman of the Synthetic & Rayon Textile Export Promotion Council (SRTEPC). Mr. Ravi Toshniwal – Joint Managing Director He holds a B.Tech (Chem.) from IIT, Mumbai and has also undergone OPM Course of Harvard University, USA. He has 19 years of experience in Textile Industry and is responsible for the overall activities of the company. Mr. Rakesh Mehra – Whole Time Director He is a Chartered Accountant by qualification and has 23 years of experience in Textile Industry. He is responsible for the entire commercial and financial activities besides export sales of yarn. Mr. Shaleen Toshniwal – Whole Time Director He holds a Bachelors degree in Business Management from Bentley College, USA and has over 8 years of experience in the field of Textile Industry. He is responsible for the readymade garment units of the company at Daman and Surat. 2 BANSWARA SYNTEX LIMITED

8 About Us BOARD OF DIRECTORS
Banswara Syntex Limited has 13 Directors including 4 managing & whole time directors, 1 nominee director appointed by EXIM Bank and other 8 directors who are independent professional directors on the Board. Independent Directors are: Mr. Kamal Kishore Kacholia Mr. Parduman Kumar Mr. Vijay Mehta Mr. Vijay Kumar Agarwal Mr. A N Jariwala Mr. D P Garg Mr. S B Agarwal Dr. R. Swaminthan (nominee director) CA Pradeep Bhandari - Industrialist - (Rtd) Chief GM IDBI - Renowned Financial Consultant - Consultant Ex -Group Executive President (Textile) of Grasim -(Retd.) I.A.S., Nominee Exim Bank, Ex. Secretary to Asian Development Bank, Manila Philippines, - Ex. C.E.O. Raymonds and at present Director of Raymonds, Industrial and Financial Consultant 3 BANSWARA SYNTEX LIMITED

9 BUSINESS PROCESS Spinning Weaving & Processing Garmenting 4 Filament
Yarn (Rayon / Polyester) VSF PSF ASF Cotton Lycra Linen Wool Domestic Sales Weaving Including Technical Fabric SPUN YARN Internal Sales Garments /Made Ups SPINNING Processing & Finishing Internal Sales P. Fabric / Fabric Export Sales External Sales P. Fabric / T. Fabric / Fabric External Sales P. Fabric – Performance Fabric T. Fabric – Technical Fabric 4

10 Our Plants Spinning Weaving & Processing Garments Banswara Banswara
Location Spinning Weaving & Processing Garments Banswara Banswara Daman & Surat Ring Spindles – 1,29,316 Worsted Yarn Spindles – 14,400 Air Jet Spindles - 736 Shuttle-less Looms – 254 Jacquard Looms – 20 Fabric – Processing Capacity – 5 Million Meters / Month Jacquard made-ups – 12,500 pcs / month Readymade Trousers – 2,70,000 pcs / month Readymade Jackets – 22,500 pcs / month 5 BANSWARA SYNTEX LIMITED

11 OUR PLANTS Installed Capacity 6 PRODUCT UNIT CAPACITY
Spinning BSL 70,036 Spindles BFL 59,280 AIRJET 736 WORSTED 14,400 Weaving TOSHCO 130 Looms BJF 107 JAQUARD 20 CARREMAN - JV 77 Fabric Processing BTM 5 Million Mtr* Garments DAMAN 1,50,000 Trousers* 7,500 Jackets* SURAT 1,20,000 15,000 Power Plant Thermal 30/36 MW Furnace Oil 9.07 Dyeing** Fiber & Yarn 1,200 MT* *(Per Month) ** Includes 150 MT for wool dying, 150 MT for yarn dying and 900 MT for fibre dying. 6 BANSWARA SYNTEX LIMITED

12 OUR PLANTS Spinning Installed Capacity 7
BSL is a vertically integrated textile player engaged in manufacturing of man-made synthetic blended yarn, wool and wool mixed yarn, all type of suiting and jacquard furnishing and technical fabrics besides production of trousers, jackets and made-ups. BSL specializes in producing blends of viscose staple fibre, polyester staple fibre, acrylic staple fibre, lycra, cotton, linen and wool. BSL has a total production capacity of 32,220 tones of yarn per annum. It includes 30,600 tones polyester blended dyed yarns and 1,620 tones wool mix yarn per annum.  The Company also specializes in producing various type of fancy spun yarns. The present installed capacities are as under:- Ring Spindles 1,29,316 Worsted Yarn Spindles ,400 Air Jet Spindles 7 BANSWARA SYNTEX LIMITED

13 OUR PLANTS Fabric - Weaving & Processing Installed Capacity
BSL produces Hi-Quality, Hi-Performance textile wear, technical & jacquard finished fabric for both domestic and overseas markets. BSL has high qualified, skilled and dedicated Technical team where we produce textile fabrics from fibre stage to yarn, weaving, finishing and Garmenting. Our Specialty in textile include: » Stretch fabrics: “LYCRA ASSURED and Accredited” » Specialty Fnishings: Stain, Wrinkle, Moisture Management » Two Zone Fabric » Fire Retardant Fabric » Fabric Design and Development innovations » Laminated Technical Fabric Shuttles-less Looms Jacquard Looms Fabric Processing Capacity Million Meters/Month 8 BANSWARA SYNTEX LIMITED

14 OUR PLANTS Readymade Garments Installed Capacity 9
BSL’s Garmenting units are located in Daman and Surat. At both these locations, BSL specializes in productions of Trousers and Jackets, therbeby making BSL – a complete vertically integrated textile player (ie – right from conceiving an idea for fabric  to the final product ready to wear in the least possible lead-time). Both these unites are equipped with a full complement of high-end machines to manufacture Trousers and Jackets of the finest quality, namely - Marking and Grading on a CAD system from Rich Peace Sewing line onsists of Juki machines Automatic Welting Machines from Eagle Curtain Felling Machines from Union Special, Eyelet Buttonhole Machines from Reece and Blind Loop Machines from Mair Complete Pressing process from Rotondi incl leggers, toppers & side seam presses Jacquard made-ups ,500 pcs/month Readymade Trousers 2,70,000 pcs/month Readymade Jackets ,500 pcs/month 9 BANSWARA SYNTEX LIMITED

15 OUR PLANTS Installed Capacity
1st unit of 15/18 MW Thermal Power Plant commenced operations from Sept’07. 2nd unit of 15 MW Thermal Power Plant commenced operations from March’11. 10 BANSWARA SYNTEX LIMITED

16 OUR CUSTOMERS In India 11 www.banswarasyntex.com
BANSWARA SYNTEX LIMITED

17 OUR CUSTOMERS In India ARVIND 12 www.banswarasyntex.com
BANSWARA SYNTEX LIMITED

18 OUR CUSTOMERS Across the globe 13 www.banswarasyntex.com
BANSWARA SYNTEX LIMITED

19 SHARE HOLDING PATTERN as on June 30, 2011 14 www.banswarasyntex.com
No. Category of Shareholder Total No. of Shares % of Total Share Capital (A) Shareholding of Promoter and Promoter Group (i) Individuals/ Hindu Undivided Family 46.82% (ii) Bodies Corporate 989969 06.71% (A) Total 53.53% (B) Public shareholding (a) Institutions 10.20%  (b) Non-institutions  0 15.67% Individuals - i. Individual shareholders holding nominal share capital up to Rs. 1 lakh. 14.08% ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 962378 06.52% Sub-Total (b) 36.27% (B) Total Public Shareholding (a) +b) 46.47% TOTAL SHARE CAPITAL (A + B) 100.00% 14 BANSWARA SYNTEX LIMITED

20 DIVIDEND and BONUS HISTORY
Year Percentage 2004 – 05 12% 2005 – 06 20% 2006 – 07 2007 – 08 2008 – 09 18% 2009 – 10 Interim Dividend 2009 – 10 Final Dividend 15% 2010 – 11 Interim Dividend 2010 – 11 Final Dividend 20% 30% 35% 50% Company issued 1 Bonus Share for 2 Shares held by the shareholders on the record date i.e 15 BANSWARA SYNTEX LIMITED

21 PRODUCT WISE REVENUES FOR THE LAST 5 YEARS
(INR in Crore) PARTICULARS FY FY FY FY FY AMT % TOTAL INCOME 393.95 100.00 438.10 548.94 630.96 808.45 YARN 211.50 53.69 230.42 52.60 254.65 46.39 289.22 45.84 340.05 42.06 FABRICS 149.70 38.00 168.17 38.39 238.36 43.42 285.53 40.97 353.86 43.77 GARMENT 22.91 5.82 29.72 6.78 43.65 7.95 58.50 9.27 79.54 9.84 OTHERS 2.50 9.79 2.23 12.28 2.24 24.71 3.92 35.00 4.33 16 BANSWARA SYNTEX LIMITED

22 Market-wise Revenue For The Last 5 Year
(INR in Crore) FINANCIAL YEAR EXPORT * DOMESTIC TOTAL AMT % 256.94 65.22 137.01 34.78 393.95 100.00 281.52 64.26 156.58 35.74 438.10 366.44 66.75 182.50 33.25 548.94 411.13 65.16 219.84 34.84 630.97 522.75 64.66 285.71 35.34 808.45 *Includes incentives 17 BANSWARA SYNTEX LIMITED

23 Historical Financial Performance
(INR In Crores) S.NO PARTICULARS F/Y F/Y F/Y 1 TOTAL INCOME 808.45 630.97 548.94 2 EXPORTS (Incl. Export Benefits 522.75 411.13 366.44 3 EBIDTA* 138.99 107.09 73.92 EBIDTA / TOTAL INCOME % 17.19% 16.97% 13.47% 4 EBITA* 104.97 76.35 44.54 EBITA / TOTAL INCOME % 12.98% 12.10% 8.11% 5 PBT * 62.51 43.34 11.29 PBT / TOTAL INCOME % 7.73% 6.87% 2.06% 6 PAT * 46.93 30.88 9.59 PAT / TOTAL INCOME % 5.80% 4.89% 1.75% 7 GROSS FIXED ASSETS 677.83 535.17 475.29 8 EQUITY SHARE CAPITAL 14.74 13.08 9 PREFERENCE SHARE CAPITAL 1.73 10 RESERVES & SURPLUS 145.18 101.31 76.22 11 NET WORTH (Excluding DTL) 159.92 114.39 89.31 12 DIVIDEND % 20.00% (Interim) 15.00% (Interim) 18.00% 30.00% (Final) 20.00% (Final) 13 ISSUE OF BONUS SHARES (Bonus: Equity Share) - 14 BOOK VALUE PER SHARE (Rs.) 108.37 87.45 68.14 15 EARNING PER SHARE -Basic (Rs.) 32.05 23.56 7.29 -Diluted (Rs.) 31.79 20.92 6.47 *Including Extraordinary Item 18 BANSWARA SYNTEX LIMITED

24 BANSWARA SHARE PRICE V/S BSE SENSEX
19 BANSWARA SYNTEX LIMITED

25 AWARDS / ACHIEVEMENTS 20 Year Category www.banswarasyntex.com 1996-97
The company has got “Export Excellence” Award from the Rajasthan State Government for its export performance for the year and , and also from to Year Category Second Best Overall Export Performance Best Export Performance in the category of Acrylic yarn Third Best Overall Export Performance Best Export Performance in the category of Man-Made Fibre Blended Fabrics Fifth Highest Overall Export Performance in Synthetic & Rayon Textiles Highest Export Performance in Acrylic Yarn Highest Export Performance in Polyester Spun Fabrics Highest Export Performance in Man-Made Fibre Blended Fabrics Best Export Performance in Polyester Spun Fabrics Best Export Performance in Man-made Fibre Blended Fabrics Fourth Best Overall Export Performance in Synthetic & Rayon Textiles Best Export Performance in Man-Made Fibre Blended Fabrics Highest Export Performance in Man Made Fibre Blended Fabrics 20 BANSWARA SYNTEX LIMITED

26 INVESTMENT RATIONALE 21 Rising Value Addition
- BSL is India’s one of biggest integrated textile manufacturer. - BSL produces all types of fabric i.e. poly viscose, poly viscose lycra, 100% cotton and its mix, All wool and wool blends, linen etc. - BSL is largest producer of PV Lycra fabric in the country (annual production is almost 3 times the production of rest of the producers in India) - BSL offers complete package solution from fibre to the garments in all product range include technical textiles and shirting fabric. Growth - BSL is increasing its weaving capacity and almost doubling its garmenting capacity over the next 3 years besides growing yarn dyeing, cotton and wool dying. Targetting New Markets - Set-up of marketing office in UK. - Key Customers of the company are gradually finding their operations in the developed markets unviable and shifting their business to BSL. - Ongoing addition of new customers of repute and size from the past couple of years. Sustaining Profitability - BSL is amongst the few companies which sustained in the textile downturn due to its integrated capacity, new product development and strong relationship with its key customers. - BSL has consistently generated profits and has never restructured its debts alike many other companies in the textile sector. 21 BANSWARA SYNTEX LIMITED

27 STATUS OF THE PROJECT UNDERTAKEN
The investment by the company on Expansion, Modernization and Diversification during and in Rs crores and Rs crores respectively. It is also proposed to invest Rs. 80 crores during The additional production capacities would yeild the production value at optimum level subsequently. Sr. No. Particulars 1 SPINNING (SPINDLES) a) SYNTHETICS BLENDED 119188 127012 135460 b) WORSTED BLENDED YARN 14400 19200 c) AIRJET YARN 576 736 592 2 FIBRE & YARN DYEING (MT/MONTH) a) FIBRE 720 840 b) YARN 90 150 3 FABRIC WEAVING (NO. OF LOOMS) a) FABRIC WEAVING 190 248 352 b) JAQUARD & TECHNICAL FABRIC 12 20 34 4 FABRIC PROCESSING (LACS MTRS/MONTH) 40 50 55 5 TROUSERS - LINES 15 18 19 PCS / MONTH 225000 270000 285000 JACKETS - LINES PCS . MONTH 7500 15000 22500 6 THERMAL POWER PLANT (COAL BASED) 33 22 BANSWARA SYNTEX LIMITED

28 MAJOR MILESTONES Started Worsted Spinning Division to produce wool mixed yarns. Commencement/ utilization of enhanced processing capacity from 16 lacs meters/month to 22 lacs meters/month. Started additional lines for production of trousers and jackets at Surat SEZ Plant and Suits at Daman Plant. Started production of Made-ups`/Décor at Banswara. Started Cotton yarn dyeing at Banswara. Developed world class fabric testing laboratory as per ISO, AATCC, ASTM, LS & Co., M & S etc. testing protocol.  The laboratory has successfully achieved accreditation of Levis & Co., Marks & Spencer and undergoing ISO NABL accreditation.  Developed fabric designing section and created a garment studio at Mumbai for improvement in fabric and garment designs.  2008 23 BANSWARA SYNTEX LIMITED

29 MAJOR MILESTONES Company started production of technical fabric and jacquard technical fabric. Company added one more imported Italian make Stenter with other balancing/value adding machines to increase the fabric processing capacity up to 4 million meters a month. Board of Directors allotted lacs warrants to persons other than promoters at a price of Rs.41/- per warrant. These warrant have been converted into equal number of Equity Shares by the Board of Directors of the company in its meeting held on 27th April, Purchased sq. ft. land and sq. ft. building constructed thereon at Daman to further expand the garment business of the Company. Board of Directors announced Rs per Share as interim dividend. The Company has taken up installation of 2nd unit of power plant and project for technical textile. Taking up further expansion of Weaving, Processing and Garmenting capacities and also modernization of its spinning division. Acquire office premises at company’s existing Mumbai office to take care of increase volume of company’s business. 2009 24 BANSWARA SYNTEX LIMITED

30 2010-11 And so on MAJOR MILESTONES 25
Addition of new production capacities:- Spinning Ring Spindles, 168 Airjet Spindles Weaving – 66 Looms Processing- -2 Stenters Garments – 2 Trouser Lines TPP – 2nd Unit of 15/18 MW Royal Bank of Scotland an Institutional Investor purchased 8.81% Equity Share Capital of the Company. Establishment of Marketing Office at London (UK). Commenced generation of power on 2nd Unit of Thermal Power Plant of 15 MW Capacity. Commenced supply of Govt. Quota Coal to reduce the power cost. Fabric Testing capacity increased by 45%. Laboratory has been accredited by Railway Authorities , Accreditation renewed by LEVI’s, M&S for third consecutive year. Set up for testing fire retardant and laminated fabric. Started production of shirting fabrics. Recently launched fashion brand i.e. Saint X for both formal and casual wear – fabric and garments. And so on 25 BANSWARA SYNTEX LIMITED

31 “AWAAS SEVA SADAN “ CORPORATE SOCIAL ENDEAVORS Home away from home
AWAAS is a home for Senior Citizen to Love in Dignity, Love and Affection with Community. Awaas is located in Dongargaonwadi, Lonavala. The Founder Trustee of Awaas Seva Sadan Trust is Owner of Gatt No. 237, VIll. Dongargaonwadi, Lonavala Admeasuring about 3 acres. Awaas Seva Sadan Trust developed and constructed 50 Room of approx. 200 Sq. ft. each with two Hall Approx. 1,000 sq. ft. each, total built up are 19,000 sq. ft.  It will have 50 Rooms (100% occupancy) with attached bath and cooking platform. Rooms for residents is free of charge except maintenance expenses shared on a co-operative basis. All rooms are well furnished. "we would like to make life as enjoyable and as interesting as possible for Retired and Elder Persons.“ R.L.Toshniwal (Founder Trustee) 26 BANSWARA SYNTEX LIMITED

32 Contact Us 27 Corporate Office
5th Floor, Gopal Bhawan, 199, Princess Street, Mumbai – Banswara Plant and Registered Office Industrial Area, Dahod Road, Banswara (Rajasthan) Daman Plant Survey No. 713/1, 713/2, 713/3, 725/2 & 725/1, Village Dabhel, Nani Daman, Daman Plot No. 5-6, G.I.D.C., Apparel Park, SEZ Sachin, Surat – (Gujarat) Surat Plant 27 BANSWARA SYNTEX LIMITED

33 www.banswarasyntex.com Administrative Block Thermal Power Plant
Spinning Unit Surat SEZ Unit BANSWARA SYNTEX LIMITED

34 www.banswarasyntex.com Design Studio Quality Testing Laboratory
Finished Fabric Inspection Three Layer-Technical Fabric BANSWARA SYNTEX LIMITED

35 Mr. J. K. Jain For further details, please contact:
Sr. V. P. (F&C) & Company Secretary Banswara Syntex Limited Web:


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