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Banswara Syntex Limited. Investor Update. June 2011. BSE Code: 503722 NSE Code: BANSWRAS Bloomberg Code: BSWL IN Reuters Code: BANS.BO. 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. 32.05.

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slide1

Banswara Syntex Limited

Investor Update

June 2011

BSE Code: 503722

NSE Code: BANSWRAS

Bloomberg Code: BSWL IN

Reuters Code: BANS.BO

slide2

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. 32.05
  • Net Worth Rs. 160 Cr.
  • Net Worth and DTL Rs. 190 Cr.
  • Book Value of Shares Rs. 108.37 per share
  • Dividend 50%
    • 20% Interim in Nov-10
    • 30% Final in FY 2011
slide3

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

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide4

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.

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide5

AGENDA

  • About Us 1
  • Business Process 4
  • Our Plants 5
  • Our Customers 11
  • Shareholding Pattern as on March 31, 2011 14
  • 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

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide6

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 2008. 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 theHighest Export Performance awardfromSRTEPC 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 2005-06 to 2007-08.

BSL is one of the LARGEST vertically integrated textile player

1

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide7

About Us

KEY MANAGERIAL PERSONNELS

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

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BANSWARA SYNTEX LIMITED

slide8

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

- Industrialist

- Industrialist

- Industrialist

- 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

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BANSWARA SYNTEX LIMITED

slide9

BUSINESS PROCESS

Spinning

Weaving & Processing

Garmenting

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

slide10

Our Plants

Location

Spinning

Weaving

&

Processing

Garments

Banswara

Banswara

Daman & Surat

  • Jacquard made-ups – 12,500 pcs / month
  • Readymade Trousers – 2,70,000 pcs / month
  • Readymade Jackets – 22,500 pcs / month
  • Shuttle-less Looms – 254
  • Jacquard Looms – 20
  • Fabric – Processing Capacity – 5 Million Meters / Month
  • Ring Spindles – 1,29,316
  • Worsted Yarn Spindles – 14,400
  • Air Jet Spindles - 736

5

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide11

OUR PLANTS

Installed Capacity

*(Per Month)

** Includes 150 MT for wool dying, 150 MT for yarn dying and 900 MT for fibre dying.

6

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BANSWARA SYNTEX LIMITED

slide12

OUR PLANTS

Installed Capacity

Spinning

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 14,400

Air Jet Spindles 736

7

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BANSWARA SYNTEX LIMITED

slide13

OUR PLANTS

Installed Capacity

Fabric - Weaving & Processing

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 254

Jacquard Looms 20

Fabric Processing Capacity 5 Million Meters/Month

8

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BANSWARA SYNTEX LIMITED

slide14

OUR PLANTS

Installed Capacity

Readymade Garments

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 12,500 pcs/month
  • Readymade Trousers 2,70,000 pcs/month
  • Readymade Jackets 22,500 pcs/month

9

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide15

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

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide16

OUR CUSTOMERS

In India

11

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide17

OUR CUSTOMERS

In India

ARVIND

12

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BANSWARA SYNTEX LIMITED

slide18

OUR CUSTOMERS

Across the globe

13

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BANSWARA SYNTEX LIMITED

slide19

No.

Category of Shareholder

Total No. of Shares

% of Total Share Capital

(A)

Shareholding of Promoter and Promoter

Group

(i)

Individuals/ Hindu Undivided Family

6908816

46.82%

(ii)

Bodies Corporate

989969

06.71%

(A) Total

7898785

53.53%

(B)

Public shareholding

(a)

Institutions

1505878

10.20% 

(b)

Non-institutions

 0

 0

(i)

Bodies Corporate

2311327

15.67%

(ii)

Individuals -

i. Individual shareholders holding nominal

share capital up to Rs. 1 lakh.

2077993

14.08%

ii. Individual shareholders holding nominal

share capital in excess of Rs. 1 lakh.

962378

06.52%

Sub-Total (b)

5351698

36.27%

(B) Total Public Shareholding (a) +b)

6857576

46.47%

TOTAL SHARE CAPITAL (A + B)

14756361

100.00%

SHARE HOLDING PATTERN

as on June 30, 2011

14

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide20

DIVIDEND and BONUS HISTORY

35%

50%

Company issued 1 Bonus Share for 2 Shares held by the shareholders on the record date i.e. 18.08.2006

15

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

product wise revenues for the last 5 years

PRODUCT WISE REVENUES FOR THE LAST 5 YEARS

(INR in Crore)

16

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BANSWARA SYNTEX LIMITED

market wise revenue for the last 5 year

Market-wise Revenue For The Last 5 Year

(INR in Crore)

*Includes incentives

17

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BANSWARA SYNTEX LIMITED

slide23

Historical Financial Performance

(INR In Crores)

*Including Extraordinary Item

18

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide24

BANSWARA SHARE PRICE V/S BSE SENSEX

19

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BANSWARA SYNTEX LIMITED

slide25

AWARDS / ACHIEVEMENTS

The company has got “Export Excellence” Award from the Rajasthan State Government for its export performance for the year 1993-94 and 1994-95, and also from 2005-06 to 2007-08

20

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BANSWARA SYNTEX LIMITED

slide26

INVESTMENT RATIONALE

  • 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

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BANSWARA SYNTEX LIMITED

slide27

STATUS OF THE PROJECT UNDERTAKEN

The investment by the company on Expansion, Modernization and Diversification during 2009-10 and 2010-11 in Rs. 149.91 crores and Rs. 45.85 crores respectively. It is also proposed to invest Rs. 80 crores during 2011-12. The additional production capacities would yeild the production value at optimum level subsequently.

22

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BANSWARA SYNTEX LIMITED

slide28

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 17025 NABL accreditation. 
  • Developed fabric designing section and created a garment studio at Mumbai for improvement in fabric and garment designs. 

2008

23

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BANSWARA SYNTEX LIMITED

slide29

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 16.50 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, 2010.

Purchased 18292 sq. ft. land and 18089 sq. ft. building constructed thereon at Daman to further expand the garment business of the Company.

Board of Directors announced Rs. 1.50 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.

MAJOR MILESTONES

2009

24

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BANSWARA SYNTEX LIMITED

slide30

MAJOR MILESTONES

  • Addition of new production capacities:-
    • Spinning - 7824 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.

2010-11

And so on

25

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BANSWARA SYNTEX LIMITED

slide31

CORPORATE SOCIAL ENDEAVORS

“AWAAS SEVA SADAN “

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)

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BANSWARA SYNTEX LIMITED

slide32

Contact Us

Corporate Office

5th Floor, Gopal Bhawan, 199, Princess Street, Mumbai – 400 002

  • Banswara Plant and Registered Office

Industrial Area, Dahod Road,

Banswara - 327 001 (Rajasthan)

Daman Plant

Survey No. 713/1, 713/2, 713/3, 725/2 & 725/1, Village Dabhel, Nani Daman,

Daman - 396210

Plot No. 5-6, G.I.D.C., Apparel Park, SEZ Sachin,

Surat – 394 230 (Gujarat)

Surat Plant

27

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BANSWARA SYNTEX LIMITED

slide33

Administrative Block

Thermal Power Plant

Spinning Unit

Surat SEZ Unit

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

slide34

Design Studio

Quality Testing Laboratory

Finished Fabric Inspection

Three Layer-Technical Fabric

www.banswarasyntex.com

BANSWARA SYNTEX LIMITED

email ir@banswarafabrics com web www banswarasyntex com
Email: ir@banswarafabrics.com

Web: www.banswarasyntex.com

For further details, please contact:

Mr. J. K. Jain

Sr. V. P. (F&C) & Company Secretary

Banswara Syntex Limited