Minutes of Meeting held on 09-04-13 - Nsez.gov.in

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Noida Special Economic Zone(<strong>Minutes</strong> <strong>of</strong> <strong>Meeting</strong> <strong>of</strong> Approval Committee <strong>of</strong> Naida SEZ<strong>held</strong> on 09/04/2013)Page 2 <strong>of</strong>54. Application <strong>of</strong> MIs. Hanung Toys & Textiles Ltd. for setting up a unit inNSEZ.The Committee discussed the proposal and decided to approve the same withprojected FOB value <strong>of</strong> exports <strong>of</strong> Rs. 19300.00 lakhs and NFE earnings <strong>of</strong> Rs.3090.00 lakhs over a period <strong>of</strong> first five years.5. Application <strong>of</strong> MIs. RBS Enterprises for setting up a unit in NSEZ.The Committee discussed the proposal at length and felt that the ITRs/details <strong>of</strong>proposed sources <strong>of</strong> funding <strong>of</strong> project provided by the promoter don't appear tobe sufficient for implementation <strong>of</strong> the project. The Committee thereforedeferred the proposal with the directions to the applicant to resubmit the projectapplication, duly recast and supported with details <strong>of</strong> liquid assets/ net worthstatement in respect <strong>of</strong> proprietor/firm duly certified by a CA firm and a letterfrom bank conveying the 'in principle' sanction for the proposed loan.6. MIs Heuer International - Change <strong>of</strong> Entrepreneur & review <strong>of</strong>performanceThe Committee discussed the proposal <strong>of</strong> the unit and approved the change <strong>of</strong>entrepreneur from Heuer International to 'Heuer International - A Division <strong>of</strong>G.S.T. Corporation Ltd.' subject to submission <strong>of</strong> an undertaking by theincoming entreprenuer regarding taking over <strong>of</strong> the assets and liabilities <strong>of</strong>existing unit, and execution <strong>of</strong> revised bond cum legal undertaking. TheCommittee also monitored the performance <strong>of</strong> the unit on the basis <strong>of</strong> APRs upto 2011-12 and noted achievement <strong>of</strong> positive NFE by the unit as on31/03/2012.7. MIs Kundan Rice Mills Ltd. - LOA Renewal & Monitoring <strong>of</strong> performance.The Committee monitored the performance <strong>of</strong> the unit on the basis <strong>of</strong> APRs upto 2011-12 and noted achievement <strong>of</strong> positive NFE by the unit as on31/03/2012. Extension in the validity <strong>of</strong> LOA <strong>of</strong> the unit was also approved bythe Committee for next five years w.e.f. 11/03/2013.\I 1\L~However, the Committeeamended the LOA <strong>of</strong> the unit restricting the authorised
Noida Special Economic Zone(<strong>Minutes</strong> <strong>of</strong> <strong>Meeting</strong> <strong>of</strong> Approval Committee <strong>of</strong> Naida SEZ<strong>held</strong> on 09/04/2013)Page 3 <strong>of</strong>5operations <strong>of</strong> the unit to "Manufacturing <strong>of</strong> gold/silver jewellery studded withdiamond."8. MIs Romsons International - Amendment in LOA & Review <strong>of</strong>performance.The Committee considered the proposal <strong>of</strong> the unit and approved suffixing <strong>of</strong>'Unit-II' in the name <strong>of</strong> unit. The unit in NSEZ will henceforth be known as"Romsons International (Unit-H)".9. Following cases were also placed before the Approval Committee formonitoring <strong>of</strong> performance/APRs. Unit wise decision <strong>of</strong> the Committee areindicated below:-1. VKM Exports: The Committee noted that there are pending realizationto the tune <strong>of</strong> Rs. 481.23 lakhs. Some <strong>of</strong> the realizations are pendingsince 2010-11. The Committee felt the need to know the reasons <strong>of</strong> nonrealization<strong>of</strong> forex and deferred the case with the directions to the unitto submit latest ITRs to be placed before the next UAC. Parameteresrelating to import <strong>of</strong> broken jewellery also needs to be examined & put upbefore the UAC.2. Reliance Precitone Jewellers Pvt. Ltd.: The Committee monitored theachievement <strong>of</strong> positive NFE by the unit as on 31/03/2012, but theCommittee reiterated its displeasure over the low performance <strong>of</strong> the unitwith respect to exports made and NFE earned which is very low andmarginal vis-a-vis space allotted. The unit was directed to improve itsperformance as also advised earlier by UAC dt. 10106/2011. TheCommittee also directed the unit to submit copy <strong>of</strong> latest ITRs <strong>of</strong> the unit,for its perusal in next meeting.3. Balaji Export Co. (Mfg Unit): The Committee monitored theperformance <strong>of</strong> the unit on the basis <strong>of</strong> APRs up to 2011-12 and notedachievement <strong>of</strong> positive NFE by the unit as on 31/03/2012.4. Balaji Export Co. (Trading Unit) & Rank International: The Committeedirected the units to apply for exit as they would now not be allowedtrading activities in gold.A5. Anagram Systems: The Committee expressed its displeasure over the
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Minutes of Meeting held on 09-04-13 - Nsez.gov.in

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