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MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT JANUARY, 2008

MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT JANUARY, 2008. Average Funds utilization (in % of Sanctioned Limit). Jan.,08 Feb., 07 to Jan., 08 54.62 63.66. Average Cost of Funds as % of Sales. Jan.,08 Feb., 07 to Jan., 08 1.02 1.44. Average Cost of Funds per KG of foam(in Rs.).

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MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENT JANUARY, 2008

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  1. MONTHLY HIGHLIGHTS OF FINANCE DEPARTMENTJANUARY, 2008

  2. Average Funds utilization (in % of Sanctioned Limit) • Jan.,08 Feb., 07 to Jan., 08 • 54.62 63.66 Average Cost of Funds as % of Sales • Jan.,08 Feb., 07 to Jan., 08 • 1.02 1.44 Average Cost of Funds per KG of foam(in Rs.) • Jan.,08 Feb., 07 to Jan., 08 • 2.56 2.85

  3. 1. Total interest cost reduction for the year 2007-08 over 2006-07 (Target 10%) Rs. in Lacs Yearly as on date Comparison Company Name Jan, 08 Apr, 07 to Jan., 08 Apr, 06 Jan., 07 35.60 299.95 SFPL 429.53

  4. Maintenance of average monthly cash balance • (Amt.Rs. in lacs) • UnitActual AmountLimit per unit • Sahibabad - 0.70 1.00 • Surajpur - 0.90 .50 • Greater Noida - 1.97 3.00 • Sikkim - 0.65 .50 • Hyderabad - 9.59 7.00 • Silvassa IV - 7.19 10.00 • Silvassa V - 1.72 2.00 • Silvassa X - 6.63 10.00 • HO - 12.55 20.00 • Auora Foams - 5.01 2.00 • Auora Foams HO - 1.52 1.00 • Kalaamb - 0.33 .25 • Export - 0.09 1.00 • Total 48.85 58.25

  5. 3. Payment to suppliers on due date All payments have been made on due date.

  6. ACTIVITY PERFORMED IN JAN.08 • Purchase a new Tata Ace vehicles for Quality Marketing and Kalpa Sales. • Renewed Overseas Insurance policy of Mr. Rahul Gautam, Mr. Tushaar Gautam and Mrs. Namita Gautam. • Renewed Vehicle Insurance policy of Mr. Arvind Kumar and Mr. A.K.Sharma car. • Discussed and shared information with the representative of Crisil for the purpose of credit rating.

  7. ACTIVITY PERFORMED IN JAN.08 • Discussed with M/s Religare for taking the policy of Public liability. • In principle approval for credit facilities from HDFC Bank has been obtained. • Guarantee margin of erstwhile Feather Foam Enterprises has been released to the extent of Rs. 7 lacs after continuous follow up.

  8. ACTIVITY FOR THE MONTH OF FEB., 08 • Submission of bank renewal papers for review and renewal of limits to Central Bank of India. • Regular loan proposal for working capital limit with HSBC and HDFC Bank. • Submission of QIS Form – II for the period October, 2007 to December, 2007. • Renewal of vehicle insurance policy of Mr. Praduman Patel Car. • Follow up with Central Bank of India for obtaining Pari Passu letter from Central Bank of India.

  9. THANKS, ANY QUESTION?

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