SVPGlobalVenturesLtd.
INVESTOR
PRESENTATIONFEBRUARY2016
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
INDEX
2
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
CHAPTER
3
EXECUTIVESUMMARY
• SVPGlobalVenturesLtd,incorporatedin1982,isaflagshipcompanyofShriVallabhPiJegroup-a100yearoldbusinessgroup
• Professionallymanagedcompany,ledby2ndgeneraLonentrepreneurMr.ChiragPiJe
• StateoftheartmanufacturingfaciliLesatTamilNaduforspecialisedyarncateringtowidebaseofcustomers
• ListedonBSEwithanapproximatecurrentmarketcapofINR500Mn(asof31stDecember2015)
• ProductmixconsistsofCoZon,polyester&blendedyarnswhichitsellsinthedomesLcandexportmarket
• FY15Productmix:CoZon50%,PolyesterandBlended50%
• FY15geographicmixdomesLc95%andinternaLonal5%
• FlexibilityinmanufacturingcoZon,polyesterorblendedyarnbaseddemand&customerrequirement
• StrongclientrelaLonshipsofmorethan3decades
• Expandingintovalue-addedcompactyarnsegment.
• TUFbenefitsandotherstatesubsidiesmakestheexpansionprojectveryaZracLve.
OVERVIEWBUSINESS&REVENUE(%)MIX KEYSTRENGTHS
CONSOLIDATEDFINANCIALS(FY15)
• TotalIncome–INR373.11Mn;3yearCAGR:162%
• EBITDA–INR4.31Mn;3yearCAGR:47%
• PAT–INR1.87Mn;3yearCAGR:185%
4
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
CHAPTER
5
• SVPGlobalVentures(“SVP”)isastateoftheartyarnmanufacturingcompany
• SVPistheholdingcompanyfortheenLreTexLlebranchofShriVallabhPiJeGroup
• HeadquarteredinMumbai,thecompany’scurrentproducLoncapacityis2,10,000spindles(i.e.approx.45,000tonnesofyarn)anditisgoingforfurthercapacityexpansionof2,00,000spindlesand2,400rotors
• TheCompanyhasmanufacturingfaciliLesatCoimbatore,Palani,MaduraiinTamilNaduandseJngupnewfaciliLesinJhalawar,Rajasthan
• ManufacturingfacilityisfungiblebetweencoZon,polyesterandblendedyarnsdependingoncustomerpreferenceanddemandscenario
• ThecompanysuppliestomulLpleleadingbrandsinIndiaandhasadiversecustomerbaseacrossthecountry.
• ExperLseinsourcingbestqualityrawmaterialsleadingtohigherqualityyarns
COMPANYOVERVIEW
CoZon,50%Polyester,50%
ProductMix
DomesLc,95%
Export,5%
GeographicalBreakup
6
• Groupwasestablishedintheyear1898;Over100yearsoldBusinessHouse
• TheCompanywasfoundedbySethShriVallabhPiJe-FoundingmemberofBombayBullionexchange
• TheNamewaschangedfromShreeDhanopFinanceandConsultancyLtdovertheyearstoSVPGlobalVenturesLimited
• PreviouslytheCompanywasengagedinthebusinessofRetail,InvestmentandJewellerywithprimefocusonTexLle.
• StrongfocusonCommunityDevelopmentandCSR
GROUPHISTORY
SETHSHRIVALLABHPITTIE
SHRIRAMDEVPITTIE
7
MANAGEMENTTEAM
Mr.V.S.ReddyProfessionalDirector
• 25+Years
Mr.R.MuthumanickamVicePresident(Opera4ons)
• 35+YearsMr.SantoshGuptaVicePresident(Finance)
• 20+YearsMr.KanakRayPresident
• [35+]Years
Mr.PraveenShelleyProfessionalDirector
• 30+YearsMr.SantoshKumarSinhaVicePresident(Opera4ons)
• 25+YearsMr.ManishChaturvediGeneralManager(OperaLons)
• 20+YearsMr.MrutyunjayKumarSr.VicePresident(Opera4ons)
• 22+Years
ManagementTeamwithExperienceinYears
MR.CHIRAGPITTIE–MD
• Mr.ChiragPiJeisthesecondgeneraLonentrepreneurofSVPL.
• HehasaBSBAdegree
inFinanceandManagementfromBostonUniversity,USA.
• HehasavisionofconverLngtheclosefamilyheldbusinessintoaleadingpublic
companydeliveringsuperiorreturnstoshareholders
• Heissupportedbyastrong&wellexperiencedprofessionalmanagementteam.
8
KeyConsolidatedFinancialsofCitronanditsSubsidiariesasof31March2015• NetSales:~Rs.1351crore• PAT:~Rs.7.46crore• NetWorth:~Rs.269.81crore• TotalLandbank:~4.58acreslandatPalaniand15.89
acreslandnearMadurai• LandBankPresently:55acresoflandplusother
properLes.• OtherFixedAssets:~Rs.100crore• Revenueandprofitabilityexpectedtogrowsubstan4ally
postcomple4onofexpansionprojects• Equityinfusioninplace;projectfinancingsecured• Allnewcapaci4eswouldbeofCompactYarn• AHrac4vestatesubsidiestoeffec4velyreducethe
interestcost
CREATINGSHAREHOLDERVALUE
SVPITTIEGLOBALCORPORATION
(USA)
SVPTEXTILESPLC(ETHIOPIA)
PLATINUMTEXTILESLTD
HELIOSMERCANTILELTD
SVPINDUSTRIESLTD
HELIOSEXPORTLTD
CITRONINFRAPROJECTSLIMITED
SVPGLOBALVENTURESLIMITED AssetsofCitronInfraAcquiredbySVPGlobalforaconsideraLonofRs.103croresinAugust2015
100%
100%
9
ManufacturingfaciliLes
CorporateOffice
PlaceswithintheManufacturingfacility
MANUFACTURINGLOCATIONS
Coimbatore
Palani
RamnadMumbai
USA
InternaLonalOffices
CHINA
UpcomingYarnmanufacturingfacili4esSP1-3,SP-2,SP–4,SP2-1atDhanodi,Jhalawar
10
Enterprisingmanagementteamwithrichexperience–a100yearoldbusinessgroup
FungibleManufacturingFaciliLes
ProcurementofthebestqualitycoZonfacilitaLngsmoothproducLonplanbesideshighqualityproducts
Trustedanddiversifiedclientbase,bothNaLonal&InternaLonal.
Advancedtechnologymachineryandstate-of-the-artplant
Expandingcapacityintovalueaddedcompactyarns
KEYSTRENGTHS
11
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
CHAPTER
12
OURPRODUCTBASKET
• CoZonremainsthemostimportantnaturalfibre,soistreatedindepth.• ItisusedasthebasicfiberforanytexLlemakingcompany.• Itsmainlyusedtomakeclothfabricandreadymadegarmentsandotherusesto.
• Polyester thread or yarn are used extensively in apparel and home furnishings, fromshirts and pants to jackets and hats, bed sheets, blankets, upholstered furniture andcomputermousemats.
• Polyesterfabricsarehighlystain-resistant—infact,theonlyclassofdyeswhichcanbeusedtoalterthecolourofpolyesterfabric
• Blended yarn producLon, process of combining fibres of different origins, length,thickness,orcolourtomakeyarn.
• Blending is accomplished before spinning and is performed to impart such desirablecharacterisLcs as strength or durability, to reduce cost by combining expensive fibreswithlesscostlytypes,ortoachievespecialcolourortextureeffects.
13
YARNMANUFACTURINGPROCESS
Blowroom
Carding
Drawing(Breaker)
Drawing(Finisher)
Simplex
Spinning
Winding
Packing
U
• GinnedCoZonandPSFarecleanedandopenedtosmallersizeinblowroom.
• Smallersizefibersaretransformedtolongstrandoffiber,wherefibersareindividualizedincarding.
• Combinghelpstoremoveshortfibersthroughcombingmachine
• Drawinghelpscombine4silverstoone..
• Inspinning,outputofsimplexisstretchedandtwistedtoyarn.
• Insimplex,silverisstretchedandtwistedasfirststepforconversiontoyarn.
• Windinghelpswoundyarnonpaperconesforpackingandsale.IthelpsineliminaLngyarnfaults.
14
Compactyarnisarevolu]oninspinningtechnology.Overrecentyears,thesystemofcompactspinninghascons]tutedarapidlydevelopingtechnologicaltrendinmostcountries.Thecompactspinningisaprocesswherefibrestranddrawnbydra_ingsystemiscondensedbeforetwis]ngit.TheCompanyislaunchingitscompactyarnsegmentinJhalawardistrictofRajasthan.Itisenteringthecompactyarnbusinessduetothefollowingbenefits• BeZersmoothness• Higherlustre• AbrasionfastnessbeZerby40-50%• Hairinesslowerby20-30%,asmeasuredwiththeuseofthester
apparatus• Hairinesslowerby60%,asmeasuredwiththeuseoftheZweigle
apparatus• TenacityandelongaLonatbreakhigherby8-15%,andsmallermass
irregularity
Capturinghighvalueyarnbusinesswithforayintocompactyarn.
CompactYarnadvantage• Lowhairiness
• HigherstrengthandelongaLon• Lessfiberfly
• Significantadvantagesindownstreamprocessing
CompactYarn
FORAYINTOCOMPACTYARN
RingSpunYarn
15
Capacity-SpindlesSpindles-82,000EmployeeStrength:550
Capacity-SpindlesSpindles-9000EmployeeStrength:100
Capacity:SpindlesSpindles:7000EmployeeStrength:100
§ FaciliLesarelocatedincloseproximitytoeachotherandnearmajorrawmaterialandtexLlehub
§ FacilitylocaLonsensureflexibilityinoperaLons,workingcapitalrequirementopLmizaLonandlowlogisLcalcosts
§ Total1,10,000spindlesownedand1,00,000spindlescontracted
§ StateoftheartR&DfaciliLes
OURFACILITIES
TAMILNADURamnad
COIMBATORE
PALANI
16
Coimbatore
Palani
Ramnad
RAJASTHAN
Jhalawar
Seangupstateoftheartfacili]esinJhalawar,Rajasthan• TotalCapacityAddi]on–2,00,000Spindles&
2,400Rotors(c.55,000tonnesofyarn)
• PlannedCapex–INR1,004Cr
EXPANSIONPLANS-JHALAWAR
17
SP1-3,SP-2,SP–4,SP2-1atDhanodi,Jhalawar
JHALAWARProjectI• Timeline:Q4FY2016
• ExpectedProjectCost:452Cr
• Funding:Equitymixby177CrandDebtmixby275Cr.
• Proposedtomanufacturing1,00,000spindles(21,780
tonnes)
• Total22,000capacityintones.
• Total25acresLandboughttomanufactureyarn.
• TUFInterestSubsidy:2%
• StateSubsidy:6%+3%-CustomizedpackageforSVPL
• VATbenefit:60%VATtobepaidback
• PowerBenefit:50%ElectricityDutyRebate
18
JHALAWARProjectII(SVPGlobalVenturesLtd)• Timeline:Q2FY2017
• ExpectedProjectCost:91
• Funding:Equitymixby37CrandDebtmixby55Cr.
• Proposedtomanufacturing2,400rotors
• Totalcapacityintones:11,000
• Total5.13acresLandboughttomanufactureyarn.
• TUFInterestSubsidy:2%
• StateSubsidy:6%+3%:CustomizedpackageforSVPL
• VATbenefit:60%VATtobepaidback
• PowerBenefit:50%ElectricityDutyRebate
EXPANSIONPLANS–RAJASTHAN
EXPANSIONPLANS–RAJASTHAN
AAKASHGANGA(ProposedSubsidiaryofCitron)• Timeline:Q2FY2018
• ExpectedProjectCost:230cr
• Funding:Equitymixby60CrandDebtmixby170Cr.
• Proposedtomanufacturing50,000spindles
• Totalcapacityintones:11,000
• Total22acresLandboughttomanufactureyarn.
• TUFInterestSubsidy:2%
• StateSubsidy:6%+3%-CustomizedpackageforSVPL
• VATbenefit:60%VATtobepaidback
• PowerBenefit:50%ElectricityDutyRebate
19
JHALAWARProjectIII:Pla]numTex]lesLtd• Timeline:Q4FY2017
• ExpectedProjectCost:232Cr
• Funding:Equitymixby70CrandDebtmixby162Cr.
• Proposed to manufacturing 50,000 spindles (10,867
tonnes)
• Total 10 acres Land bought to manufacture compact
coZonyarn
• TUFInterestSubsidy:2%
• StateSubsidy:6%+3%-CustomizedpackageforSVPL
• VATbenefit:60%VATtobepaidback
• PowerBenefit:50%ElectricityDutyRebate
StrategicAdvantageoftheNewFacilityIntroduc]on:
RajasthanisapreferredbusinessdesLnaLonsforpeoplearoundtheworld.Abundantnaturalresources,investment-friendlypolicies,avastandunexploredtalentpoolandasecularenvironmentaresomeofthereasonswhynaLonalandinternaLonalbusinessgiantsaredrawntothismagnificentstate.
Policies:• AnumberofinnovaLvepoliciesincludingtheIndustrialandInvestmentPromoLon
Policy(RIIP)announcedbythecurrentstategovernmenthaveboostedtheinvestmentprospectsinthestate.
• TUFInterestSubsidy:2%• StateSubsidy:6%+3%-customizedpackageforthegroup• VATbenefit:60%VATtobepaidback• PowerBenefit:50%ElectricityDutyRebate
Connec]vity:• 3KMfromcitycentre• ByAir:Jhalawarislocated87kmfarfromKotaairport.• 1ByRail:JhalawarhasanewlyconstructedrailwaystaLon.RailwaystaLonis2k.m.
farfromjhalawar.• ByRoad:JhalawartownliesonHighwayNo.12.Manygovernmentbusesgoesall
districtandoutside.Andprivatebusesalsoavailablefortravel.
EXPANSIONPLANS–RAJASTHAN
JHALAWARI
JHALAWARI
20
FUTURESTRATEGY
MULTIFOLDGROWTHINREVENUES
• AddiLonof2lacspindletomorethandoublethecapacity
• Highspeed&automatedmachinestoleadtohigherthroughput.
MARGINEXPANSION:
• Expansionintohigh-valuecompactyarnsegment.
• Stateoftheartplant,latestmachines,automaLonandtechnologytoleadtobeZer
producLvity,throughputandmargins
INTEREST&OTHERSUBSIDIESTOSIGNIFICANTLYENHANCEBOTTOMLINE
• EquityandDebtforthenewprojecthasbeenfullyLed-up.
• BenefitssuchasTUFsubsidy,addiLonalstateinterestsubsidiesandsubsidiesinpower,
VATetc.
21
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
CHAPTER
22
LoweringCompe]]venessofChinesemanufacturers
• HigherComplianceCost
• IncreasingLabourCost
• PolluLonnormsbecomingstricter
• CurrencyVolaLlity:20,400yuan($3,400)pertonneofcoZonlast
year
• Lowerfocusonvalueaddedproducts:
OpportunityforIndia
• IncreasingshizofclientsfromChinatoothergeographies
• LargestscaleazerChina.(IndiaSpindleCapacity:50mn.)
• ValueaddedproductsandhighcustomisaLon
• Localisedrawmaterial
• BeZerCompliancenorms
• Higheradaptabilitytochangingtrendsandclientrequirement
YARNINDUSTRY–OPPORTUNITYFORINDIA
628654
561
649
756
166 180 161200
241
0%
5%
10%
15%
20%
25%
30%
35%
0
100
200
300
400
500
600
700
800
2007 2008 2009 2010 2011
World China China/World
Worldv/sChinaTex]leExports
23
• Indiawasannouncedastheworld’ssecondlargestexporterof
texLlesandclothingintheworld.
• TexLleIndustryaccountsfornearly13%ofthetotalexports.
• Itcontributes14%toindustrialproducLonand4%totheGDP.
• Withover45millionpeople,theindustryisoneofthelargest
sourceofemploymentgeneraLoninthecountry.
• ProducLonofYarngrewto489.11lakhkgsinFY14from346.03
lakhkgsinFY11implyingaCAGRof12.2%.
• ProducLonofYarnbetweenApriltoDecember’15stoodat
385.06lakhkgs.
• 100%FDIisapprovedinthesector.TillMay’15FDIinflowin
TexLleIndustrystoodatUSD1647.09million.
Source:IBEF
INDIANTEXTILEINDUSTRY
40%
31%
16%
10%
3%Export,Domes]cSplit
ReadymadeGarmentsCoZonTexLlesManMadeTexLlesHandicrazsOthers
70 78 89 99
226
0
50
100
150
200
250
2009 2010 2011 2014 2023E
India'sTex]leMarketSize(USDBillion)
CAGR:8.7%
24
YARNINDUSTRY–COMPETITIVELANDSCAPE
26%
24%
50%
GlobalCohonproduc]on26MnTonnes
India China RoW
13%
54%
33%
GlobalYarnProduc]on39MnTonnes
India China RoW
Source:WTO,Interna4onalTex4leOutlook,FiberorganandInternalStudies,VardhmanTex4le.
20%
48%
32%
Globalcapacity250millionspindles
India China RoW
49Mn,81Mn,
120Mn,
13Mntonnes,
7Mntonnes,
6Mntonnes,
13Mntonnes,
5Mntonnes,
21Mntonnes,
25
• USD252millionhasbeenallocatedforTUFSscheme
• USD24.8millionhasbeenallocatedforNaLonalHandloomDevelopmentProgram
• USD33.34millionhasbeenallocatedforHumanResourceDevelopment
• AllocaLonofUSD39.8millionforapparelparksunderSITP
• USD26.05millionhavebeenallocatedforNERTexLlePromoLonScheme
• USD1.33millionhasbeenallocatedtoTradeFacilitaLonCentreandCrazMuseum
SUPPORTTOTEXTILESECTORBYGOIINFY16
SomeofthekeytaxreliefsinBudgetFY16:
• ZeroexcisedutyforthecoZonproducts
• StructureoftheexcisedutyonMan-MadeFibrehasbeenthesame
StressonmechanisaLon
UnionBudget
Taxsopsandfinancialpackage
Infrastructuresupport
26
POLICYSUPPORT–KEYINGREDIENTTOGROWTH
• TUFSforthetexLlesectortoconLnueinthe12thFiveYearPlanwithaninvestmenttargetofUSD24.8billion
• InvestmentwasmadetopromotemodernisaLonandup-gradaLonofthetexLleindustrybyprovidingcreditatreducedrates
• ThepolicywasintroducedfortheoveralldevelopmentoftexLleindustry
• Keyareasoffocusincludetechnologicalupgrades,enhancementofproducLvity,productdiversificaLonandfinancingarrangements
• FDIofupto100percentisallowedinthetexLlesectorthroughtheautomaLcroute
• GovernmentofIndiahasplannedanincreaseinthefundoutlayfortechnicaltexLlesindustrytomorethanUSD117millionduringthecurrent12thFiveYearPlan(2012-17)Technology
Upgrada]onFundScheme
Na]onalTex]lePolicy-2000
ForeignDirectInvestment
TechnicalTex]leIndustry
27
EXECUTIVE SUMMARY
BUSINESS OVERVIEW
INDUSTRY OVERVIEW
FINANCIAL OVERVIEW
COMPANY OVERVIEW
CHAPTER
28
CONSOLIDATEDINCOMESTATEMENT
INCOMESTATEMENT(INRMN) FY13 FY14 FY15 9M-FY16*
TotalIncome 54.51 54.28 373.11 5,470.31
TotalExpenses 52.51 52.17 368.80 5,203.04
EBITDA 2.00 2.11 4.31 267.28
EBITDAMargin 3.67% 3.89% 1.16% 4.89%
DepreciaLon 1.52 1.53 1.38 45.56
FinanceCost 0.00 0.05 0.00 141.12
PBT 0.48 0.53 2.93 80.59
Tax 0.25 0.18 1.06 14.33
ProfitAzerTax 0.23 0.35 1.87 66.27
PATMargin 0.42% 0.64% 0.50% 1.21%
EPS(Diluted) 0.30 0.46 0.15 2.65
29*9MFY16consolidatedfinancialsincludethefinancialsofthesubsidiariesunderCitronInfraprojectsacquiredbySVPGlobalfromthedateofacquisiLoni.e.18thAugust2015upto31stDecember2015.
CONSOLIDATEDBALANCESHEET
PARTICULARS(INRinMn) FY13 FY14 FY15 PARTICULARS(INRinMn) FY13 FY14 FY15
EQUITIES&LIABILITIES ASSETS
ShareholderFunds NonCurrentAssets
(A)ShareCapital 22.40 22.40 126.50 (A)NetFixedAssets
(B)Reserves&Surplus 4.56 4.92 7.94 GoodwillonconsolidaLon 8.71 7.22 5.89 (C)ShareApplicaLonMoney 0.00 107.48 0.00 (B)Non-currentinvestments 2.90 2.90 2.90
(C)LongtermLoans&Advances
NonCurrentLiabili]es (D)OtherNonCurrentAssets 0.08 0.05 0.00 (A)DefferedtaxliabiliLes 1.35 1.35 1.05 MinorityInterest
ForeignCurrencyTranslaLon
CurrentLiabili]es CurrentAssets
(A)ShorttermBorrowings 94.38 95.91 102.62 (A)Inventories 7.00 7.67 16.06 (B)TradePayables 104.05 19.16 132.15 (B)TradeReceivables 137.02 135.80 150.07 (C)OtherCurrentLiabiliLes 0.46 0.39 0.29 (D)Cash&BankBalances 0.51 1.90 2.33 (D)Short-termprovisions 0.55 0.42 0.94 (E)Short-termloans&advances 71.03 93.27 194.11
(F)Othercurrentassets 0.49 3.21 0.12 GRANDTOTAL-EQUITIES&LIABILITES 227.74 252.02 371.49 GRANDTOTAL–ASSETS 227.74 252.02 371.49
30
CAPITALMARKET
-100%
-50%
0%
50%
100%
150%SVPGlobal Sensex
PriceData(Asof31stDec,2015) INR FaceValue 10
MarketPrice 42
52WeekH/L 50/11.5
MarketCap(INRMn) 531
EquitySharesOutstanding(Mn) 12.65
1YearAvg.TradingVolume('000) 6
68%
32%
ShareholdingPahernason31stDecember,2015
Promoter
Public
*1stJanuary2015consideredasthebasedate.31
NorepresentaLonorwarranty,expressorimplied, ismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy,completenessorcorrectnessoftheinformaLonoropinionscontainedinthispresentaLon.SuchinformaLonandopinionsareinalleventsnotcurrentazerthedateofthispresentaLon.CertainstatementsmadeinthispresentaLonmaynotbebasedonhistoricalinformaLonorfactsandmaybe"forwardlookingstatements"basedonthecurrentlyheldbeliefsandassumpLonsofthemanagementSVPGlobalVenturesLimited(“Company”or“SVP”or“SVPGlobalVenturesLtd.”),whichareexpressed in good faith and in their opinion reasonable, including those relaLng to the Company’s general business plans and strategy,its future financial condiLon and growth prospects and futuredevelopmentsinitsindustryanditscompeLLveandregulatoryenvironment.Forward-looking statements involve knownandunknown risks, uncertainLes andother factors,whichmay cause theactual results, financial condiLon,performanceor achievementsof theCompanyorindustryresultstodiffermateriallyfromtheresults,financialcondiLon,performanceorachievementsexpressedorimpliedbysuchforward-lookingstatements,includingfuturechangesordevelopmentsinthe Company’s business, its compeLLve environment and poliLcal, economic, legal and social condiLons. Further, past performance is not necessarily indicaLve of future results. Given these risks,uncertainLesandotherfactors,viewersofthispresentaLonarecauLonednottoplaceunduerelianceontheseforward-lookingstatements.TheCompanydisclaimsanyobligaLontoupdatetheseforward-lookingstatementstoreflectfutureeventsordevelopments.ThispresentaLonisforgeneralinformaLonpurposesonly,withoutregardtoanyspecificobjecLves,financialsituaLonsorinformaLonalneedsofanyparLcularperson.ThispresentaLondoesnotconsLtuteanofferor invitaLontopurchaseorsubscribeforanysecuriLes inany jurisdicLon, includingtheUnitedStates.Nopartof itshouldformthebasisoforberelieduponinconnecLonwithany investmentdecisionoranycontractorcommitmenttopurchaseorsubscribeforanysecuriLes.NoneofoursecuriLesmaybeofferedorsoldintheUnitedStates,withoutregistraLonundertheU.S.SecuriLesActof1933,asamended,orpursuanttoanexempLonfromregistraLontherefrom.ThispresentaLonisconfidenLalandmaynotbecopiedordisseminated,inwholeorinpart,andinanymanner.ValoremAdvisorsDisclaimer:ValoremAdvisorsisanIndependentInvestorRelaLonsManagementServicecompany.ThisPresentaLonhasbeenpreparedbyValoremAdvisorsbasedoninformaLonanddatawhichtheCompanyconsidersreliable,butValoremAdvisorsandtheCompanymakesnorepresentaLonorwarranty,expressor implied,whatsoever,andnorelianceshallbeplacedon,thetruth,accuracy,completeness, fairnessandreasonablenessofthecontentsofthisPresentaLon.ThisPresentaLonmaynotbeallinclusiveandmaynotcontainalloftheinformaLonthatyoumayconsidermaterial.Anyliabilityinrespectofthecontentsof,oranyomissionfrom,thisPresentaLonisexpresslyexcluded.ValoremAdvisorsalsoherebycerLfiesthatthedirectorsoremployeesofValoremAdvisorsdonotownanystockinpersonalorcompanycapacityoftheCompanyunderreview.
Forfurtherinforma]onpleasecontactourInvestorRela]onsRepresenta]ves:ValoremAdvisorsMr.AnujSonpal,CEOTel:+91-223006-7521/22/23/24Email:[email protected]
DISCLAIMER
32
SVPGlobalVenturesLtd.
THANKYOU!
33