Jindal Cotex Limited

Introduction

RR Presents India’s Leading Textile Brand

Jindal Group of Ludhiana was established in 1977 by Sh. Jagdish Rai Jindal when his sons, Mr. Yash Paul Jindal, Mr. Ramesh Jindal and Mr. Rajinder Jindal joined him in the business.

In 1980, Group entered into manufacturing of Bi-cycle Parts by launching a new partnership concern JINDAL FINE INDUSTRIES, the firm developed Single Speed & Multi Speed Freewheels and now sells complete range of bicycles under the Trade Name “LEADER”

In 1998, Mr. Sandeep Jindal s/o Sh. Yash Paul Jindal completed his Commerce Graduation and entered into family business. This was the point of diversification for JINDAL Group when they entered into Textile Business

Thus Group set up the Jindal Cotex Ltd (JCL) with the objective of manufacture of variety of Yarns from man made as well as natural fiber

JCL is promoted by Mr Yash Paul Jindal, Mr Rajinder Jindal, Mr. Ramesh Jindal & Mr Sandeep Jindal

Brief Overview of Group

Spinning Capacity

Jindal Cotex Limited was incorporated in February, 1998 by the promoters of Jindal Group with the prime objective of manufacture of variety of Yarns. Initially, the company set up 6912 Spindles and reached to the capacity of 52272 spindles in 2010.

Business Overview

Manufacturers Acrylic Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarn.

Yarns produced are used for made up in apparels, hosiery and garment Industry

Installed capacity of 52272 spindles for acrylic, cotton blended and polyester yarns with manufacturing capacity of 14000TPA

Enjoys Premium in the Acrylic yarn segment.

Strong Customer base and dealer network in the local and Inter-State Market.

Ensures - Quality with Speed

Modern Technology

Ownership – Shareholding Pattern

Promoter 30.55%

Public25%

GDR 44.04%

2.66%

Shareholding Pattern as on 30.09.2011 (%)Promoter Public GDR FIIs

JCL is a widely held public limited company, listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Recognition Certificates

Certificate of ‘Star Export House’ by Office of DGFT.

ISO 9001:2008 Certificate by TUVNORD

Business Evolution

Incorporation of Company

Started with 6912 spindles

1998 1999 2006 2008 2009

Reached Capacity of 23472spindles

Raised Rs. 937.50 millions through IPO & shares listed on BSE& NSE

2009 2010 2011

Reached Capacity of 52272 spindles after successful erection of 28800 cotton spindles

2010

Commenced commercial production in JML & JSTL

ISO 9001:2008 Certified

Commissioned 1250 KW wind Mill

Initiated the implementation of technical textile projects in JML & JSTL

Successfully raised US$ 38.75 million through GDR

Brief Financials of JCL

31.03.2011 31.03.2010 31.03.2009(Audited) (Audited) (Audited)

Revenue/Sales 268.86 146.33 138.58

Export Sales (9.37) (1.99) (17.09)

EBIDTA 33.28 13.71 10.14

Interest 10.8 3.1 2.29

Depreciation 9.29 3.08 2.61

PBT 13.19 7.53 5.24

PAT 10.45 7.09 4.25

EBIDTA % 12.38 9.37 7.32

PAT % 3.89 4.85 3.07

Equity Capital (Rs) 45 25 12.55

EPS (Rs) 2.61 3.65 3.39

Net Worth 298.51 119.39 33.16

Particulars

Rs. In crores

* On Stand alone basis

Subsidiaries –Technical Textile projects

JCL diversified into technical textiles and implemented technical textile projects in its wholly owned subsidiaries namely Jindal Medicot Ltd & Jindal Specialty Textiles Ltd.

The total capital outlay of for these projects has been Rs.239.00 crores. Out of which Rs.81.00 crores is funded through proceeds of IPO floated by JCL & balance Rs.158.00 crores is tied up through term loans from banks.

Both the projects have been financed under “Technology Up gradation Fund Scheme” (TUFS) thus term loans entitled for 5% interest subsidy and 10% capital subsidy on cost of plant & machinery

Both the projects are being set up in the textile park promoted by Himachal Textile Park Ltd, Tehsil Amb, Distt Una with the total area of around 65 acres

The projects have been set up with the state of art technology and latest plant & machinery

Both the projects have successfully commenced its commercial production and offer high value addition.

Jindal Specialty Textiles Limited

Integrated Plant for laminated fabrics with the production facilities for fabrics, PVC Film and Lamination

Annual Capacity of 90 million sq meters

Total outlay of Rs.15100 millions

Exclusive Technical know how tie up for a period of 10 years with Wonpoong Corporation, South Korea

Commercial production has been started partially in October, 2011 and will be commissioned fully by January, 2012

Jindal Specialty Textiles Limited

Products to be Manufactured

End-use

PVC Laminated Product

Frontlit Banner Fabric Backlit Banner Fabric

This type of fabrics as used for Outdoor advertising media.

Inflatable Fabric for Boats etc

This product is used for making boats for recreation and army applications

Tent Fabric Used for Outdoor Tents

Truck Siders Used for advertisement in trucks

Thank You

Jindal Cotex Limited