investor presentation - pittie presentation february ... eliminang yarn faults . 14 ... capturing...

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


•  Proposedtomanufacturing2,400rotors

•  Totalcapacityintones:11,000

•  Total5.13acresLandboughttomanufactureyarn.


•  StateSubsidy:6%+3%:CustomizedpackageforSVPL



EXPANSIONPLANS–RAJASTHAN


AAKASHGANGA(ProposedSubsidiaryofCitron)•  Timeline:Q2FY2018

•  ExpectedProjectCost:230cr


•  Proposedtomanufacturing50,000spindles

•  Totalcapacityintones:11,000

•  Total22acresLandboughttomanufactureyarn.





19

JHALAWARProjectIII:Pla]numTex]lesLtd•  Timeline:Q4FY2017

•  ExpectedProjectCost:232Cr


•  Proposed to manufacturing 50,000 spindles (10,867

tonnes)

•  Total 10 acres Land bought to manufacture compact

coZonyarn





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.


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

investor presentation - pittie presentation february ... eliminang yarn faults . 14 ... capturing...

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