Ram Avtar Singh's Expert Profile

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Krunal Parekh says : LOOKING FOR AN ANGEL INVESTOR
Dear Sir, We introduce ourselves as Varsha Import & Export Co. newly formed and willing to establish in the Indian Market for the raw material supplies mainly required in Iron & Steel Industries. India being one of the major Steel Producers and Exporters raw material such as metal scrap (ferrous melting scrap) plays a major role where import is concerned. The tremendous demand and short supply has always been a major key role for the trading companies as well as steel importers and exporters. Our product also reflect the same for which we wish to contribute our participation in this major demanding market. With the experience of facilitating as a broker in this market for last 5 years plus, we have been able to manage good relationship in the market. We are not only able to procure the best quality material whether it is domestic or overseas but also we have capabilities to sell the same at the right price through the correct channels. In the past 5 years we have also achieved experience from the overseas market in China, Hong Kong, Singapore and Dubai (U.A.E) Our aim is to start the business with the small quantity of around 150-200 metric tons (MT) for which the estimated cost is around Rs. 5,000,000/- (Rupees Fifty Lacs Only) which includes the cost of the material, duties and other charges, also includes the basic infrastructures such as a ware house and traveling expense (to the origin where-in the material has to be loaded), other minor miscellaneous expenses. Since we expect to procure the material from nearest transit point/origin i.e. mainly from Dubai (U.A.E) having the transit period of just 6 days to the destination port Nhava Seva, Mumbai (India) we, therefore can comfortably move 3 (three) consignments per month or possibly 7 (seven) consignments an average of 2 (two) months. As per our projections and analysis we conclude to have the minimum estimated profit of at lest 10% (ten per cent) excluding all the expenses) on monthly average basis with the above calculations and investments. Higher the turn- over bigger the margin of the profits would be - is our motto. Believing in work is our worship, we have managed to make relations with the manufacturing units and graded traders in Maharashtra as well as in North India such as Gujarat, Punjab and Rajasthan. For detailed project report and projections, if you can let us know the email address where we can send you, it would be a honor to get in relation with you. Further, we wait to hear from you. Thanking you and looking forward for a fruitful relationship in our near future. Yours Sincerely, Krunal Parekh For Varsha Import & Export Co.

satyabhan singh baghel says : capital difrance
hi sir pls tell me what is diffrence of authorised capital and deventure capital?

vikas narang says : related person
A1. is a firm consisting of three partners SN, KN & US B2 is a Pvt. Ltd. Company in which SN.KN & US are directors and their shareholding in B2 is 60%, Rest of the directors are relatives of SN, KN & US and also balance shareholders are also relatives of SN,KN & US Accordingly A1. and B2 are interconnected undertaking and as per excise are related person A1. is selling material to B2 which is used by B2 for captive consumption and the selling price of A1 is cost of production + 7% and as per valuation rules “If goods are supplied to related person for captive consumption, valuation will be on basis of cost of production plus 10%.” Now the question is : •What should be done to avoid the relation of interconnected undertakings between the two •If SN, KN and US resign from B2. & also reduce their shareholding to below 50% in that case whether A1. & B2 still will be interconnected undertaking or not. Sir, pls send your reply to kitm.bwn@gmail.com

vikas narang says : related person
A1. is a firm consisting of three partners SN, KN & US B2 is a Pvt. Ltd. Company in which SN.KN & US are directors and their shareholding in B2 is 60%, Rest of the directors are relatives of SN, KN & US and also balance shareholders are also relatives of SN,KN & US Accordingly A1. and B2 are interconnected undertaking and as per excise are related person A1. is selling material to B2 which is used by B2 for captive consumption and the selling price of A1 is cost of production + 7% and as per valuation rules “If goods are supplied to related person for captive consumption, valuation will be on basis of cost of production plus 10%.” Now the question is : •What should be done to avoid the relation of interconnected undertakings between the two •If SN, KN and US resign from B2. & also reduce their shareholding to below 50% in that case whether A1. & B2 still will be interconnected undertaking or not.