Agenda . Working details (production, sales etc) for the month of April13 and the result of the same Production capacity; Target (daily/monthly-as applicable) verses actual production Target Sales verses & Actual Sales. Marketing & Sales Policy Stock of Raw Materials & Finish Goods: Old (damaged, slow moving, dead) Stock, if any Packing material, consumables & Stores Stock: Old (slow moving, dead) Stock, if any Creditors / Suppliers Status (important suppliers – top 5/10/20 as the case may be ) Bank working capital Loans (CC, PC) verses drawing power status Sales Due / debtors Status (important debtors – top 5/10/20 as the case may be ) Long due/overdue; doubtful debtors. Steps taken to recover Status of other receivables (taxes, duties, refunds), Capital Advances, Deposits: Idle Machinery, land, any other asset. Any pending matter related with plot of land Report on Legal Compliances (as are applicable): under the provisions of IT Act, Excise & Customs, Service Tax, VAT, GPCB, Labour (PF, ESIC, ) & Factory Act, Company Law, other Acts Pending Fulfillment / Compliances: Export obligations; import licenses Adequacy of Insurance coverage Other matters and Concerns which need to be reviewed Organization Chart Other Matter, if any, related with the Unit.
Transcript
Agenda.
Working details (production, sales etc) for the month of April13 and the result of the same
Production capacity; Target (daily/monthly-as applicable) verses actual production
Target Sales verses & Actual Sales. Marketing & Sales Policy
Stock of Raw Materials & Finish Goods: Old (damaged, slow moving, dead) Stock, if any
Packing material, consumables & Stores Stock: Old (slowmoving, dead) Stock, if any
Creditors / Suppliers Status (important suppliers – top5/10/20 as the case may be )
Bank working capital Loans (CC, PC) verses drawing power status
Sales Due / debtors Status (important debtors – top 5/10/20 as the case may be )
Long due/overdue; doubtful debtors. Steps taken to recover
Status of other receivables (taxes, duties, refunds), Capital Advances, Deposits:
Idle Machinery, land, any other asset. Any pending matter related with plot of land
Report on Legal Compliances (as are applicable): under the provisions of IT Act, Excise & Customs, Service Tax, VAT, GPCB, Labour (PF, ESIC, ) & Factory Act, Company Law, other Acts
4. Start of internal Audit. : (Internal Auditorsare being identified,
will be introduced in due course)
5. Views on the name : “GROUP IDENTIFICTION” “PRATIBHA GROUP”.
6. Communication : To set up a system for regular & written communication with the Promoters.
7. Out City Visit : 1. Advance Information. 2. Business Visit :- To discuss in Person about the proposed visit.
3. Visit Report.
May 23, 2013
Sub: To Review – Bank Finance Guarantors.
1. GPPL & GEL:-
While reviewing the Guarantees, it is needed to
maintain that
the both Promoter Groups have equal amount of
Guarantees.
So, modification, addition and release of
Guarantees are to be
worked out accordingly. (Personal GTE/Corporate
GTE).
2. NEW PROJECT:-
Further, in case of new Project, it is to be
observed that all the
Promoter Groups provide sufficient guarantees
(Personal/Corporate) to the extent possible.
Pramod Chaudhary
Insurance coverage of our Group Companies (Under yourAdvisory)
Few of our plants of our Group Companies are insured/coveredunder your valuable advisory. Expect that the plants areadequately covered and Safety Audit is undertaken from timeto time. I want to have an update on such insurance coverage. Pleasepay visit to my office with necessary status of each of ourcompany. Thanking you,PRAMOD CHAUDHARY
Due/Long-due pending matters with Income Tax – Pratibha Group Units.
Attn: Mr. Dennis/Mr. Erric I am informed that there are certain pending matters and areunder your follow up with the Income Tax Department. (i.e.Refund, Transfer of file, Certificates etc.). I want an update on each of such matter of each of ourunit/company. Please pay a visit to my office with statusof each matter. Thanking you,PRAMOD CHAUDHARY
May 27, 2013
Shri Yogesh Gupta/Shri Avneep Bansal
Sub: Review Meeting – Spectrum and Spec. Auxichem. Ref: AGENDA – Information Memorandum.
1) Though, Agenda matters were discussed, but thedata/details of some of the matters were not handedover in writing. So, summary, as per InformationMemorandum, may please be e-mailed.
2) The details of Foreign Currency Loan (Against termloan) May also be sent.
1. Please refer to AGENDA - Information Memorandum and sendthe data/ details of some of the items which are pending.
2.Details of monthly power consumption in UNITS.
3.Amount of Bank GTE against EPCG/Advance Licence
4.Yarn Stock – 18 Tons – Amount - ?
May 27, 2013
Vikram Knittex.
Sub: AGENDA – Information Memorandum
Please send the details
1) April Electricity Bill & number of Units consumed.2) Details of dead/slow moving stock. 3) Details of other receivable (i.e. IT refund etc.)4) Total Debtors – Break-up
DP – Debtors =DA – Debtors =
5) Amount of Service Tax Refund6) Please send a scanned copy of duty free Import
Entitlement Licence
May 28, 2013
Sub: SAFETY AUDIT and adequacy of Insurance Coverage.
Each one of us is aware about the importance of Insurancecoverage. We need to insure that all of our properties areadequately covered under insurance. Likewise, coverage ofman power under ESIC, GPA & other relate of insurance isalso equally important.
In this context, please update me on the following:-
1) Safety Audit Status2) Services provided by the Insurers/advisors3) Adequacy of Insurance coverage for
- Man Power- Assets
4) Long pending/Unsettled claims.5) Details of Insurance Advisor (i.e. Contact person, e-
mail ID, Cell No. and address etc.
Further, a detailed statement of Insurance coverage mayplease be e-mailed. This statement should cover allimportant aspects including date of renewal, premium paidand insurance amount of each important asset, LoP Policy,transit Policy etc. etc.
PRAMOD CHAUDHARY
May 27, 2013
Sub: Income Tax – Refund & other pending issues.
We have discussed about the I. T. Refund during the
“Review Meeting” besides the refund, there might be
other issues pending with the I. T. Dept.
So, following details may please be sent:-
1) I. T. Refund: Detailed statement.
2) Pending Assessment/ Appeal, if any.
3) TDS return matter, if any.
4) Lower Tax Deduction Certificate – If applied &
pending.
5) Other matter, if any.
PRAMOD CHAUDHARY
May 30, 2013
INTERNAL CONTROLS & SYSTEMS
The Unit is in business for a long time. With the experience and
passage of time, internal control & systems have been developed
and implemented. And are modified from time to time and as and
when needed.
As a director of the Unit, you might feel that there are certain
fields where more attention is needed. May be that it is not
possible to identify such fields. May be that as the existing
man power in engaged in a day to day working, there may be cases
where certain important matters are left out. And as a matter of
routine, an important aspect might be by-passed or certain
compliances might remain pending.
So, it is being felt that let us appoint a CA Firm to check &
verify the Internal Controls & Systems. They will provide their
observations & findings. We are in consultation with certain CA
Firms (Other than Statutory Auditors).
They will do the INTERNAL AUDIT for a period of 3 or 6 months (or
more as may be needed). They are being appointed to do subject
specific audit. It will provide proper and timely result. In
this context, and based upon your experience, please let us know
which of the following aspects, are to be covered under Internal
Audit for the unit.
1. Procurement & Purchases
2. Production & Process
3. Stock/Inventory
4. Sales & Realization
5. Software: Recording of all transaction & reporting
6. Compliances
7. Other, if any
Please reply.
Thanks
PRAMOD CHAUDHARY
May 31, 2013
Yes, I am aware of the working & systems of Unit. Scope of
improvement is always there. Let the Internal Auditors submit
their report. Thereafter we will decide about the continuity of
the same
Pramod Chaudhary
Let us start internal audit in every unit. It is good there is
any single process and system inspite of that make it compulsion
of all the units. Let us see the result of them then tke further
decision. If they cannot find anything then may discontinue, but
we should start.
Shri RKC
Please prepare a file – Containing all the office information.
1) Bank Loan & Repayment
2) Assessment situation
3) 3) Refund pending – Department wise.
4) Misc. information which are to be required for me from time
to time.
Pramod Chaudhary
June 1, 2013
Shri Mahendrabhai
As discussed, the subject of ‘Internal Audit’ has been taken up. A letter (Copy enclosed for your ready reference) has been sent to each Unit.
It is proposed that following CA firms will take up the ‘Internal
Audit’ job:-
1) Pratibha : Suresh Gandhi & Co.
2) Spectrum : Suresh Kabra & Co.
3) Nobletex : Suresh Kabra & Co.
4) Vikram Knittex : Sunil Kedia & Co.
5) Kottex : Suresh Gandhi & Co.
6) GPPL : Abhishek Mittal & Co.
7) GEL ; Abhishek Mittal & Co.
Hope it is ok. If ok, will inform the Auditors to visit the Unit
and to start the work.
Please advise.
RegardsPramod Chaudhary
June 6, 2013
Shri Mahendrabhai
As informed earlier, Unit wise meetings were held on 24th & 25th
May, 2013.
Further, it is being proposed to hold the next meeting as under:-
14/06/2013 – FRIDAY
1) Denim : 3. 00 PM
2) GEL : 3. 45 PM
3) Vikram Knittex : 4. 30 PM
4) GPPL : 5. 15 PM
15/06/2013 – STURDAY
1) PFL – Coating : 3. 00 PM
2) PFL : 3. 45 PM
3) Nobletex : 3. 45 PM
4) Kottex : 4. 30 PM
5) Spectrum : 5. 15 PM
Proposed AGENDA is attached herewith.
Regards
Pramod Chaudhary
AGENDA
1. Profitability for the month of April & May and itscomparison with last year’s average and B/S.
2. Cash Flow.
3. Capacity utilization and improvement.
4. Other matters (as may be applicable to the Unit which wereobserved during the last meeting).
1) Man power requirement – action taken in the matter.
2) Progress in fulfillment of export obligation against EPCG
Lience.
3) Long due refunds/receivables – follow up status.
4) Status of slow moving/dead stock items.
5) Doubtful debtors and steps taken to recover.
5. Others.
June 7, 2013.
Mr. Ganesh
Sub: Job work billing and collection .
I am observing the billing and collection for last some time.
This is good that you are taking good efforts to improve the
billing.
But in case of collection, it is important to improve the
position.
1) Claim related matters must be cleared in time limit.
2) There must not be communication gap with party and between
you & Masters.
3) Party’s account should be settled suitably and in time.
4) On account payment part’s A/c. should be cleared within time
limit.
No need to remind you again and again on this topic.
PRAMOD CHAUDHARY
June 6, 2013
Ref: Review of Meeting – Date 15/06/13 time 5.15 PM at 121, GIDC,
Pandesara, Surat
Please find attached a file with Agenda of the meeting as above.
Pramod Chaudhary
June 7, 2013
To
The Director(s)
Sub: Business visit – Report
As a part of business, it is required to visit various
offices/places from time to time like:-
1) Sales Promotion Tour/Visit.
2) Business Meet.
3) Seminar/ Conference.
4) Govt./Semi-Govt. Office visit
5) Capital goods/Raw-material procurement related – Research
visit.
A written report on each such visit may please be e-mailed immediately after the visit. And also e-mail the pre-intimation of proposed out city visit at:-
Please advice above the possible date/days of A/c. Clearance of the following party’s Accounts:-
Sr
.
No
.
Party Name Particular When it will
be
Settled/
Cleared 1 Mangalshree Creation Claim
2 Ronak/Roshni Creation A/c. pending July 12
and Claim 3 AMRO Creation Re-finish4 Neha Fashion Claim5 Mahalaxmi/RAMS, Mumbai Claim/ Long Due
6 Stuti Processors Over Due7 Rajendra Kumar Babulal
Jain
Over Due since July
128 Axon Global On A/c. payment
received to settle
the A/c.9 Pashupati Fabrics Claim – Long due10 Rahul Silk Mills Re-finish
Please reply.
Thanks
RAJKUMAR AGARWAL
June 10, 2013
Sub: Income Tax – Refund & other pending issues.
We have discussed about the I. T. Refund during the “ReviewMeeting”. Besides the refund, there might be other issuespending with the I. T. Dept.
So, following details may please be sent:-
S.No Details Your follow upstatus
1 I. T. Refund: Details statement2 Pending Assessment/ Appeal, if
any3 TDS return matter, if any4 Lower Tax Deduction Certificate
– If applied & pending5 Other matter, if any
A meeting is likely to be held with the Tax Consultant inthe matter. Please send the details at the earliest.
PRAMOD CHAUDHARY
June 10, 2013
Dear Mr. Dennis
As per our talk, please visit me at PRATIBHA, 399, GIDC,
Pandesara on Saturday (15th June) at 11.00 AM.
Please bring up dated status of refunds, file transfer issues,
other I.T. Dept. related issues of each of our company.
Thanks
Pramod Chaudhary
June 21, 2013
GPPL
Please up date me on the following:-
1. Quality Control : It is a matter of great concern. Competent
person is to be appointed to take control.
2. Marketing : Status of finding out one person, as it was
already discussed?
3. Promoter Fund : Send a Cheque of Rs. 24.00 lacs of TAPTI
VALLEY EDUCATION FOUNDATION.
4. Renewal Proposal : Guarantees of both promoters should be
made equal and to be proposed accordingly.
PRAMOD CHAUDHARY
July 5, 2013
Sub: Job work Debtors – Long Pending Matters.
1. While going through the list, as sent by you, it is
noticed:-
a) That there are few matters which are more than 12 months
old.
b) That the amount involved in all these matters is big.
c) That about 15 matters are pending which are known to the
A/c. Deptt./ Collection-Wala
2. Please add/write the month of Billing against each party
under the column ‘Particular’
3. There might be some other pending matters also, which are
not known to the A/c. Deptt. /Collection-Wala. Because, in
case of a complain, generally, the party informs about it to
the Master first. Collection-Wala comes to know when
approaches the party for getting the payment of the job work
bill.
4. So, please check with the Master(s), whether any other major
claim(s) has been reported by the party and is pending?
5. As a matter of practice, Nobletex
a) Should have a check and control on claims and should
improve the quality of the JOB WORK.
b) Should have proper system of settlement of claims in
time.
Thanks
RAJKUMAR AGARWAL
July 5, 2013
Attn: Mr. Bharat Patel
As discussed and e-mailed earlier also, we are yet to receive of
BUSINESS A/c.
Please send it soon.
Regards
Pramod Chaudhary
July 6, 2013
Sub: Review Meeting
We shall hold the Review Meeting at 121, GIDC on 18/19/20th July
(Will fix-up date/Time later) to review the quarter ending
results:-
1. Information Memorandum – up date (as per attached file)
2. Status of on-going internal research/development work,
technology up-gradation & modification & other plant related
work.
3. Quarter ending financial results i.e. P/L, B/S & Summary
cash flow.
Please acknowledge.
PRAMOD CHAUDHRY
M/s. ANUBHA INDUSTRIES PVT. LTD.
Sub: Project – Up date
Please see that a written report on project up date is e-mailed
to us on a fixed internal and on regular basis.
Pramod Chaudhary
To:
1. Mr. Aditya Goyal
2. Mr. A. Bansal.
July 9, 2013
Kottex
Sub: IT Refund – Your Mail Below
The refund is pending for A. Y. 2009-10. What is the reply of
the Consultant?. Why it is pending for a long time?.
Sub: Your mail blow – TUF Subsidy
A. Interest Subsidy.
1. Term Loan 9.95 Crores: What is the reply of the
consultant about the difference Claim?
2. Term Loan 2.17 Crores: Why is it pending, when it was
applied?
3. Term Loan 12.50 Crores (8.68 Crores): Why the status is
not clear?
B. Capital Subsidy 9Term Loan 2.17 Crores): When it was
applied, any compliance pending, whey it is not received?
C. State Capital Subsidy (T/L 9.95 & 2.17): When it was
applied, any compliance pending, whey it is not received?
Please explain why these matters are pending?
July 9, 2013
NOBLETEX
Sub: I.T. Refund: Your mail blow:
As per the details blow, besides the year AY 11-12 & AY 12-13,Refund is pending since AY 2004-05, AY2006-07 and AY 2009-10,which is quite surprising. What it the reason behind such longpending?
Meet the consultant personally and find out the reasons for suchdelay and see that refund is received in due course.
A regular & systematic follow-up is must for such huge amount ofrefund.
July 9, 2013
Mr. Dennis Choksi /Mr. Erric
Sub; Income Tax Refunds
I think you are aware of the various I. T. refunds which arepending for a long time. In case of a company, I am told that,it is even pending since the year 2005-06, Chief Accountant ofeach of my company is in regular touch with you but refunds arenot cleared in time.
One of my Chief Accountants, it needed, can be deputed for thispurpose. But important is that due priority should be given tothe refund subject. I have heard about the claims of the I. T.Department that Returns are processed in a fixed time frame andrefunds are cleared accordingly.
Your office should have a systematic track record of refundpending in each of my company immediately on filling of theReturn and should try to get the refund within permitted timeframe. This is more important when the amount of refund is huge.
So, let me know the company-wise refund and status thereof. Please replyPramod Chaudhary
July 17, 2013
Attn: Mr. Ganesh Changoiwala,
1. The A/c. of M/s. Rajendra Kumar Babulal Jain is pendingsince July 2012 and the amount receivable is Rs. 1.77 lacs.
2. The A/c. of M/s. Stuti Processors is pending since November2012 and the amount receivable is Rs. 73,000/-
3. A/c. with M/s. Axon Global is pending since November 2012.4. Amount of Rs. 3.87 lacs is hold by M/s. AVI Fashion since
April 2013 just because of a re-finish matter of 525 metersof fabrics.
5. Besides above, there are another 11 A/cs. as on dates whichare pending for one reason or another.
It is needless to mention here that each A/c. should begiven due priority and shall be settled amicably, so as torealize the amount hold by each such party.
P. K. CHAUDHARY
KIND ATTN: SHRI M. K. CHAUDHARY
July 17, 2013
Proposed meetings are as under:-
MEETING DATES
(VENUE – 121, G.I.D.C. PANDESARA, SURAT
THURSDAY – 18/07/2013
1. KOTTEX : 18/7/2013 : 3.00 PM
2. NOBLETEX : 18/07/2013 : 4.00 PM
3. SPECTRUM : 18/07/2013 : 5.00 PM
SPECTRUM AUXICHEM
4. ANUBHA : 18/07/2013 : 6.00 PM
SATURDAY – 20/07/2013
5. PFL -COATING : 20/07/2013 : 3.00 PM
6. PFL- MILL : 20/07/2013 : 3.45 PM
7. EXPORT : 20/07/2013 : 4.45 PM
8. GEL : 20/07/2013 : 5.30 PM
9. GPPL : 20/07/2013 : 6.00 PM
(Note: I am not available on 19/07/2013)
Regards
PRAMOD
July 17, 2013
As informed earlier, please note meeting will be held on20/07/2013 (Saturday) at 121, G.I.D.C. Pandesara, Surat at 3.45PM.
Please confirm the receipt.
PRAMOD CHAUDHARY
July 23, 2013
Mr. Dennis
Sub: Income Tax Refund – Nobletex.
In spite of my regular communication with you (over telephone &e-mails), I am yet to receive status of refund in case of anyeach company.
In case of Nobletex, I am told the pending as under:
S.NO.
YEAR AMOUNT PARTICULARS
1 AY 2004-05
4,05,344.00
Paid on 07/03/2009 in relation toour raid case if 2006-07
2 AY 2006-07
1,80,171.00
Paid on 07/03/2009 in relation toour raid case of 2006-07
3 AY 2009-10
3,12,551.00
Out of total refund Rs. 18,10,671.00received 11,61,520.00 & adjusted Rs.3,36,600.00 against demand, whichwas refunded on 12/07/2012
4 AY 2011-12
22,39,378.00
Refund after adjustment of ITliability fm the TDS deducted byparty.
5 AY 2012-13
36,68,385.00
Refund after adjustment of ITliability fm the TDS deducted byparty
I think you should take it on priority and get the refund at theearliest.
PRAMOD CHAUDHARY
July 23, 2013
Dear Shri Bharatbhai,
Sub: Business A/c. Statement.
1. It has been discussed during your visits that you will sendthe business A/cs. soon.
2. It has also been requested through e-mils to send thebusiness A/cs. Details.
3. It was advised to discuss on the A/c. statements, to settlethe business A/c. and to finalize the EXIST from thebusiness.
4. Please see that the matter is taken-up now and necessarydetails are send to us/are discussed at the earliest.
1. Reply to the mail below and send a fresh list of unsettledissued of debtors.
2. Income Tax refund: what is the latest status of differencein TDS Credit?
3. Visit DSI from time to time, sort out the TDS difference andget the refund at the earliest.
4. Huge amount is blocked, so take it on priority.
July 31, 2013
I. Outstanding as on 25/07/2013.
1. Overdue bills
Payment of Bills for March 12, April12, October 12,January 13 & March 13 is overdue.
2. PD Citra Busana
Bills dated 5/4/13 & 6/6/13 were not mentioned in the
list of outstanding bills as on 8/6/13. It means,
outstanding as on 8/6/13 was, total due from the party
was 7.55 lacs US$ and not 6.89 lacs US$ as on 8/6/13.
3. Likewise, Bills dated 4/5/13 & 5/6/13 of SARL BAHOO,
Bills dated 8/6/13 of Shiva Textiles and Bills dated
3/6/13 of Top Inter Gold were not mentioned in the
list of outstanding as on 8/6/13.
4. The lists of outstanding as on 25/7/13 & 8/6/13 areenclosed herewith.
5. So it is needed to check whether the list ofoutstanding as 8/6/13 was correct?
August 22, 2013
Dear
Please e-mail me a list of various pending works as on date.
S.No.
Pending Status as on date
123
This will include Govt./Semi-Govt. related issues, refunds,subsidy, EPCG/Advance Licenses, GEB, Man-Power and others, asmay be applicable to your company.
PRAMOD CHAUDHARY
/
October 3, 2013
M/s. Vikram Knittex,
Sub: Half Yearly Review
1. Half year ending financial results i.e. P/L A/c. & B/S.
2. Slow moving/dead stock status:-As on 1/4/13 As on 30/9/13__________ ___________Qty. Amount Qty. Amount.
3. Bill-wise Sales Dues:-Bill Date Party Name Amount DP/DA
3. Doubtful Debtors:-S. No. Party Name Amount Due Steps Taken
4. Half Yearly Financial results i.e. P/L, B/S., Cash Flow.
5. Raw Material Store/Maintenance Store:-
Slow moving/Dead Stock S. No. Items Amount as on
1/4/13Amount 30/9/13
6. Machinery/Capital Assets lying idle:S. No. Name of Assets
7. Status of pending refunds/receivable8. Report – on legal companies.
October 4, 2013
Sub: Half Yearly Review
1. Half year financial statements i.e. P/L A/c., B/S., & Cash
Flow
2. Bank Finance & Rate of Interest
3. Impact of foreign currency fluctuations on last six months
financial results.
4. List of on-going important, pending works, including legal
compliance, if any.
5. Proposed cash flow statement from October to March 2014.
6. Long pending refunds/receivables
7. Discussion/note on Debtors/Doubtful debtors, if any.
8. Discussion/note on stock holding/slow moving stock, if any.
9. Other matter, if need to be discussed.
PRAMOD CHAUDHARY
October 16, 2013
Vikram Knittex.
1. We have received your Debtors Status and outstanding as on15/10/13 where as it was to be made as on 30/09/2013.
2. There is still over dues from M/s. SJS Textiles (April 12,May 13), Dedoo (Jan. 13), Nisara Jaya (June 12).
3. Sales Due with following parties need attention:
Old May-June 13
July13
Aug.-Sept.13
TotalUS$
SJS Textiles-April 12
0.40 0.56 - 0.59 1.55lacs
Dedoo – Jan.13 0.86 - - 0.86lacs
Nisara Jaya –July 12
0.16 - - - 0.16lacs
Sarl Bahoo - 0.59 0.64 0.27 1.50lacs
Top Inter Gold - 1.05 0.29 0.55 1.89lacs
PD Citra Busana - 1.73 1.00 2.70 5.43lacs
TOTAL 1.42 3.93 1.93 4.11 11.39lacs
Others 8.19lacs
TOTAL 19.58lacs
4. From the details above, one can observe that,
(a) Out of total sales due of US$ 19.58 lacs, 27% due isoverdue (US$ 1.42 + 3.93 – May – June 13).
(b) Out of total sales due of US$ 19.58 lacs, 28% due isfrom one single party. (PD Citra – US$ 5.43 lacs)
5. Sales up to date is US$ 34.12 lacs and sales due is US$19.58 lacs, means about 57% of sales is due.
November 20, 2013
IMORTANT
Sub: Air Ticket Bill – to be supported by Boarding Pass
Traveler is hereby advised to keep/retain the boarding pass
with him/her on completion of journey. Boarding pass may
please be submitted with the cashier so that Air Ticket bill
is vouched/ checked properly before making the payment.
December 13, 2013
Dear Bharatbhai
Sub: EXIST from US Business.
1. Please refer to the mail below dated 15/2/13
2. Another mail was sent on dated 16/5/13
3. The matter has been discussed from time to time.
4. Still, we have not received any statement from you.
5. Again, it is hereby requested to up date us about the same,
arrange the EXIST, settle the account.
6. Please reply
PRMOD CHAUDHARY
December 21, 2013
Mr. Ganesh/Mr. Deepchand.
Sub: claim settlement & Long payment due.
I have received your statement of 19 pending matters with theparties.
It seems that it has become a practice to keep the matterspending. In spite of continuing reminder, the matters are stillpending since May 12/ May 13/ June 13.
Whey claim settlement/Rate difference matters are kept pendingfor so long?
Clear all the matters within 15 days and report back.
PRAMOD CHAUDHARY
March 24, 2014
Dear Bharatbhai,
Sub: Guarantees against Bank loans at GPPL
1. Please find attached herewith a statement showing BankLimits sanctioned to GPPL and Bank Guarantees providedby “Pratibha Group” and “TMP Group”.
2. Guarantee amount by Pratibha - 93.30 Crores.
Guarantee amount by TMP – 14.00 Crores.
3. These guarantees had been provided a number of yearsi.e. since start of the Bank loans.
4. Difference in Guarantee amount is about 80 Crores i.e.‘Pratibha’ has provided 80 Crores by way of Spectrum’sGuarantee.
5. Due to providing a Guarantee by Spectrum to GPPL,Spectrum’s Bank rating is going down year by year.
6. Banks are charging additional interest on Bank loans toSpectrum i.e. 1% to 2% additional interest.
7. It is hereby advised that “TMP Group” should reimburseSpectrum by way of a Guarantee charge.
RegardsPramod Chaudhary
cc. to : Mr. Harish Patel
June 17, 2014
Dear Bharatbhai,
Sub: Guarantees against Bank loans at GPPL
1. Please find attached herewith a statement showing BankLimits sanctioned to GPPL and Bank Guarantees providedby “Pratibha Group” and “TMP Group”.
2. Guarantee amount by Pratibha - 93.30 Crores.
Guarantee amount by TMP – 14.00 Crores.
3. These guarantees had been provided a number of yearsi.e. since start of the Bank loans at GPPL.
4. Difference in Guarantee amount is about 80 Crores
5. Due to providing such huge Guarantee by Pratibha toGPPL, we are incurring 2% cost to maintain theGuarantee.
6. It is hereby advised that “TMP Group” should reimburse‘Pratibha’ by way of a Guarantee charge.
