Cotton Yarn Spinning Project

COMPARISON WITH OTHER PROJECTS

Introduction

Promoters

Market

Processing

Raw Material

Assumption

The estimated project cost was compared with some of public issues launched recently. The comparison is given below:-

Project Details	Project cost (Rs in lakhs)	Appraised by	Remark
Abhishek Mills 12000 Spindles	2740.00	UTI Bank,	Capital cost Comparable
Gangotri textile A ring spinning units of 19200 spindles	7746.00	SBI Cap Markets	Comparable
Gangotri textile 31200 spindles	7376.00	SBI Cap Markets	Comparable
Jagjanani Textiles Limited 960 Rotor 6000 spindles & 48 high speet airjet weaving unit	5417.00	IDBI	Comparable
KENCO Enterprises Ltd 10560 spindles	3429.52	IDBI and SBI	Comparable
Nitin Spg. Ltd 50400 sp. 12 knitting M/c	15000.00	IDBI	Comparable
Minar textile Bl., dyeing & printing Fabric 12000 TPA & Bl. Dyeing yarn 900 TPA	6324.74	Not apparised	Not comparable
Pacific Cotspin 25200 spindles	7982.00	Not appraised	Comparable
Priyadarshini Spg Working Capital	945.00	Capex appraised by a No.of banks, WC not appraised	Not Comparable
Shivlik Global Expansion of the existing cap. for Yarn Dyeing and Processing	250.00	Not appraised	not comparable
Vijeswari	9048.00	Capital cost only	-do-

Thus, the project considered here is reasonably budgeted, going by the fact that plant and machinery are used ones.