| Topic : Toostep members can become entrepreneurial |
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Activity:
Question posted: 10 15 2009 11:34:18 +0000,
9 answers, 383 views, last activity
07 06 2010 20:18:08 +0000
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My client is looking for investment of around Rs.40 crores and balance could be debt. The project throws up a depreciation component of 140 crores next year. The debt could also be brought in by an investor and reasonable return can be provided for. Income is guaranteed by the Government.
I could provide details after I know the investor profile. I have gone through the financials and it would be very attractive for a company which is cash rich and has need for large depreciation charges.
I can be contacted on my mobile 09341401050 or email : shankamsunder@gmail.com
I am using this platform since I have a vague idea at the back of my mind that Toostep subscribers can help implement at least one project every day - thereby promote one entrepreneur every day. All it takes is for them to consider investing anywhere between Rs.20000 to Rs.5 lacs. Number has its strength. Well placed individuals in large numbers can create wonders.
I could find needy people. I could provide all details about their project in each of my references. Only in this case, I did not provide all details because the promoter specifically indicated that this project will be most suited for a company which could take advantage of the depreciation provision.
There is no fish to smell. The question is very clear. A company that can absorb a large depreciation component has an opportunity on the platter. The proposal is not lucrative in terms of ROI for others. I have indicated that revenues are guaranteed by the government.
This question was open to only those who can cross the entry barrier. The entry barrier was that a company to respond, has to have sufficient surplus out of its primary activity to offset depreciation benefit acquired through acquisition of this company.
Only such companies, please contact me on my mail id or over phone. Within next half hour, the company and project details will be on their mail box. After evaluation, if the respondent is comfortable with the proposal, a meeting could be arranged to thrash out finer details.
I have so far received only one response. He called me over phone. I gave him all details. I have no intention to hide details of the project to right people nor to place it in a market place where those outside the entry barrier make irresponsible comments.
Its good and most practical way sir to give strength n help out to the entrepreneurial skill anyways.I Ts definitely a wonderful opportunity.. even though m not able to participate but i defiantly forward it to my friend.. dis kind of question and answer is really the demand of this forum .. thanks a lot Sunder sir
I have just indicated that the depreciation component is 140 crores. Neither the income is so much nor the cost of the project is 140 crores. If the project itself has enough returns to absorb 140 crores of depreciation in one year, there would be no need for an investor to come in. What we are looking for is a company which has enough surplus during the year; can take over this company (stake pattern can be worked out) and offset the depreciation advantage with the surplus earned in its other business.
I fully appreciate Shri Govinda Swamy's comment that they can not take a decision without financials. If I were to be in his shoes, I would have said the same. I have not given all details in a public platform like this since it could be counter productive for my client. There is an entry barrier. The entry barrier is that while for a company which can absorb such depreciation component, this is a fantastic opportunity, it is not not so for others. We are only trying to filter responses before the details are made public.
Our request is that eligible companies please respond. Next moment, all details will be made available. Once a deal is struck, I will be the first person to not only announce details on toostep but to also step up such an initiative. After all, I have taught entrepreneurship and is a pet subject for me. I am always looking for ways to promote entrepreneurship.
The total investment is 140 crores and how the company can claim depreciation on the next year to a sum which is equalling the total investment. In this case the returns must be more than 140 crores in the next year i.e 100 % return or else the profit will not be there (as assured). Its better we can comment only if financials / projections are showm
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