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1. INTRODUCTION: The new millennium has seen the country open up its economy to foreign investors leading to a large number of private players investing in the country. With its buoyant economy, India is emerging from behind the traditional stereotype of being a land of cows, magicians and poor, illiterate people. In a country as diverse and complex as India, it is not surprising to find that people here reflect the rich glories of the past, the culture, traditions and values relative to geographic locations and the numerous distinctive manners, habits and food that will always remain truly Indian, according to five thousand years of recorded history. From the eternal snows of the Himalayas to the peninsula of the far South, from the deserts of the West to the humid deltas of the East, from the dry heat and cold of the Central Plateau to the cool forest foothills, Indian lifestyles reflect the geography. The food, clothing and habits of Indian differ in accordance to the place of origin. The Colorful mosaic of Indian festivals and fairs - as diverse as the land, is an eternal expression of the spirit of celebration. Observed with enthusiasm and gaiety, festivals are like gems ornamenting the crown of Indian Culture. They are round the year vibrant interludes in the mundane routine of life. Indian cuisine boasts of an immense variety not restricted to only curry. In Indian cuisine, food is categorized into six tastes - sweet, sour, salty, spicy, bitter and astringent. A well-balanced Indian meal contains all six tastes. This principle explains the use of numerous spice combinations and depth of flavor in Indian recipes.
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Tourism in India has seen development due to the combined effort of the public and private sectors. The Department of Tourism, Government of India with its Incredible India campaign has done a commendable job in promoting the country. It has even been ranked number one destination in the world according to the Annual Reader's Awards 2007 held by Conde Nast Traveller, UK. Recent years have seen a large number of international hospitality brands setting up hotels in the country. Connectivity has also improved drastically with most international airlines flying to various Indian cities. With growing disposable incomes and consumer aspirations coupled with the enormous tourism potential in India, demand for hotels, holiday homes & resorts and thus leisure real estate is booming. According to the World Travel and Tourism Council, India is expected to be the third fastest growing country in the world over the next ten years, as far as travel and tourism demand is concerned. That growth potential, coupled with the 19.8 per cent increase in the number of Indians living in India with financial assets of more than growth of leisure real estate in India. In fact, Indian tourism is expected to grow at the rate of 20 25 per cent per annum till 2017, posing a huge opportunity for wealth creation in our country. Hotel industry in India has witnessed tremendous boom in recent years. Hotel industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of Indian hotel industry. The arrival of low cost airlines and the associated price wars have given domestic tourists a host of options. US$ one million (compared to the 6.5 per cent growth worldwide) are important factors in promoting the

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In recent years government has taken several initiatives to boost travel and tourism which have benefited hotel industry in India. These include the abolishment of the inland air travel tax of 15%, reduction in excise duty on aviation turbine fuel to 8% and removal of a number of restrictions on outbound chartered flights, including those relating to frequency and size of aircraft. The government's recent decision to treat convention centres as part of core infrastructure, allowing the government to provide critical funding for the large capital investment that may be required has also fuelled the demand for hotel rooms. Hotel industry in India currently has supply of 110,000 rooms and there is a shortage of 150,000 rooms which evidently fueled room rates across the country. According to estimates demand is going to exceed supply by at least 100% over the next 2 years. Five-star hotels in metro cities allot same room more than once a day to different guests, receiving almost 24 hour rates from both guests against 6 8 hours usage. With demand-supply disparity, hotel rates in India are likely to rise by 25% annually and occupancy by 80% over the next two years. This will affect the competitiveness of India as a cost-effective tourist destination. To overcome this shortage, Indian hotel industry is adding about 60,000 quality rooms currently in different stages of planning and development which should be ready by 2012. Hotel industry in India is also set to get a fillip with Delhi hosting 2010 Commonwealth Games. Government has approved 300 hotel projects, nearly half of which are in the luxury range. extremely rosy. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue The future scenario of Indian Hotel Industry looks

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to perform extremely well over the next few years. (Source : I Love India economy of India dated 21.07.07)

2. THE INDIAN ECONOMY AN OVERVIEW Rapid growth and strong macro-economic fundamentals have

characterized developments in the Indian economy in the past financial year. GDP is estimated to have grown at a robust 9.4% during 2006-07 as against 9.0% in 2005-06. The only time the economy has grown faster was in 1988-89. This acceleration in growth rates was led by industrial and services sector activities, which exhibited double-digit growth. Increase in tourist arrivals and visits, augmentation of telecommunication services, escalated development in Information Technology (IT) & IT enabled Services (IteS) and improvement in the financial services sector has kept the Services sector buoyant in recent years. The Services sector showed a healthy growth of 11.2% in 2006-07 as compared to 9.8% in 2005-06 benefiting from the availability of skilled labour. Trade, Hotels, Transport and communication continued to develop at an accelerated pace recording a growth of 13.0% during 2006-07 as against 10.4% in 2005-06. Trends & Development in Tourism:The tourism industry in India despite being an important component of the economy, contributed only 5.9% of the GDP in 2006-2007. According to estimates of the World Travel Trade Council, Indian tourism demand will grow at 8.8% from 2004-13 which would place India as the third-most rapidly growing tourism market in the world after Montenegro and China. It would further result in a growth of 7.1% in total travel and tourism GDP.

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The budget has proposed an outlay of approximately Rs.570 crores for development of tourism infrastructure in 2007-08, up from Rs.423 crores proposed in the corresponding period of 2006-07. As India gets younger and richer, there will be sustained demand for short duration travel at major gateway destinations and these markets will grow exponentially in the next three to five years. With sustained economic performance, India's per capita income will also continue to witness growth. Moreover, higher disposable income rather than lower savings has influenced the present-day consumption boom in India. As income, induced spending is likely to sustain itself for a longer period and higher disposable incomes are also expected to enhance the concept of traveling for leisure thus providing the necessary impetus to destination travel within integrated travel circuits. large incentive based group travel. The economy's buoyancy, initiatives to improve infrastructure, the boom in aviation and real estate, easing of restrictions on foreign investment and perhaps most importantly efforts to communicate the Brand India message will continue to fuel demand for hotels across star categories in the majority of leisure markets. India's hotel industry is increasingly being viewed as investment-worthy both within the country and outside Recent developments within the industry, backed with a positive outlook for the economy, have resulted in accelerated growth in demand for hotel accommodation over the last two years. The continued demand supply imbalance has led to exponential rate increases resulting in inflated room rates across key markets in the country, some of which currently rank among the most expenses hotel markets in the world. Over the long-term, inflated room rates are expected to have a severe negative effect on the potential demand, especially for leisure destinations. In most markets, insufficient room availability and high rates create conditions that are not conducive for

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Overall, the industry saw a 12 month growth of 30% in average rate (in 2006-07) as opposed to a growth of 23.7% the previous year. Occupancy growth which had been 2.6% previous year, showed a marginal growth of 0.7% (in 2006-07). Average rates in 2006-07 witnessed another increase across all market segments. This is partially attributable to the strong demand. All-India occupancy touched a record 72% mark for the first time. While the year-on-year demand growth from certain segments continued, the overall supply addition has been marginal. Due to the widening gap, hotels over the last 3 4 years have realigned their yield management and pricing to increase penetration from high paying customers. The indications are that when year round occupancies start touching the 70 75% mark, there is substantial un-accommodated demand in the market. During this high demand period, many cities were completely sold out on a number of nights, resulting in hotels selling a significant proportion of its inventory on rack rates. Hotel Supply There has also always been considerable debate about the number of rooms India actually has. Our estimate is that there are possibly 110,000 rooms currently operating in India. It is also felt that there would probably be another 25000 to 30000 guest houses or corporate guesthouses taking the total supply of transient guest rooms to approximately 200,000 units / rooms. However, shocking and a number that we are confident about is the low number of branded or quality room supply in the country; it stands at below 40000. This overall number for India is actually lower than that for many international cities around the globe. Therefore, when we look at the approximate 102,000 rooms being developed or say we use a probability factor of 58% across the country, the numbers of room being developed in

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India still remain extremely low and offer huge potential to investors and operators across all segments. In most cities, this high growth can easily attributed to the existing low base of quality hotel supply. Future Trends Clearly, operators have focused intensely on increasing rates, even if it has been at the cost of lower occupancies. While this has been a good strategy in the short term, in the near future the operators need to find the right balance between trying to push rates vis--vis losing room nights. Typically, the average rate movement follows the occupancy movement. This has been the case historically and is a global trend as well. So if occupancy goes up the rates follow. Conversely, if occupancies decline the operators will be hard pressed to reduce tariffs. F & B space and meeting space is expected to become even more important as we move ahead, particularly for full service hotels. New restaurant concepts are being created and today modern hotels have been able to convert the pre function spaces into revenue generating areas. Most conferences need these areas to host sponsor booths and or serve food. Technology is also going to become an important player in streamlining operations and reducing the dependence on man power. Globally, in room technology is becoming more sophisticated with interactive computers, TV and music stations. This is to the customers benefit as many of these services are being provided free to retain the guest.

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Market analysis :-

HOTEL PROJECT

Seasonality Trend : The Indian hotel industry reflects a clear

seasonality trend. For Example, in India, the tourism and hospitality industry shows signs of an up trend in the months of November to February due to higher tourist flows. The months of June to September on the other hand, are months of low occupancies and revenue, with fewer business or leisure visitors. Strong dependence on the services economy The hotel industry is

highly dependent on services economy in terms of performance. Thus in the years of the services economy boom, the hotels business has grown well and has been relatively unaffected by the under performance of the manufacturing sectors of the economy. India has a long term competitive advantage in the services sector which contributed close to 10.6% of Indias GDP in 2005-06 and is expected to increase further. This trend is the positive signal to benefit the hotel industry in the coming years

Brand Impact: The hotel industry is characterized by strong brand

focus resulting in choices being made by the customer based on factors beyond price especially in the luxury segment where the brand is a hallmark of product and service quality. Our company has registered a name to reckon with in terms of service and the facilities that are offered for the price. This has earned customer loyalty, which will reap benefits from the existing customers who have been using our facilities repeatedly.

Instant perishability of the product: The industry belongs to the

service sector and thus the product (service) is instantly consumed and cannot be replenished. Thus one, needs to maximize utilization of available capacity and reduce marginal costs over marginal revenues

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The major cost drivers in the industry are ; Food and beverage costs Employee Costs Power and Fuel expenses Administrative and other overhead costs Advertising and publicity expenses The hotel industry has its own set of entry barriers, which are : High real estate costs and lack of availability of land in prime locations High cost of construction High break even levels for new hotels, due to high investment costs Time taken in acquiring loyalty of customers/brand building costs

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1. VISION

HOTEL PROJECT

To emerge as a leader in providing one-stop, integrated and multifacility Business Hotels, Suites, Convention Centers, Banquet Hall, Restaurant. 2. MISSION To make a positive difference to customers, employees, shareholders and community by working together constantly improving satisfaction, opportunity and value. To strive and exceed their expectations through passion in what we do pursuing honesty and integrity in our actions with high commitments to excellence, quality, efficiency, trust and inclusion

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3. Company Profile:

HOTEL PROJECT

1. a 2. b

Name of the Unit Regd. Address Office Site

UTSAV RESORT PRIVATE LIMITED Bhiringee, Opp Swapan Hotel Durgapur-713213 Dist- Burdwan (West Bengal) P.S Kanksa Near: Hindustan (West Bengal) Petroleum

Installation, Rajbhandh Chatti, Dist: Burdwan

3. 4. 5. 6.

Constitution Certificate incorporation Date

Private Limited Company of U55102WB1996PTC076367 of 04/01/1996 1) Mrs. Anuja Agarwal 2) Mrs. Sita Agarwal 3) Mr. Deepak Agarwal Hotel cum Bar & Restaurant

incorporation Promoters/Directo rs

7.

Business Activities

3. About the Promoters

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1. Name Fathers Name Address Age Qualification Experience

HOTEL PROJECT
Mr. Deepak Agarwal Lt. Surendra Kumar Agarwal Bhiringee Opp, Swapan Hotel, Durgapur-713213 41Yrs B.Com Having five years of experience in the industry. He is also running a unit named M/s. Ispat Udyog engaged in the sales and servicing of engineering and electrical equipements. Mrs. Anuja Agarwal Mr. Deepak Agarwal Bhiringee Opp, Swapan Hotel, Durgapur-713213 35 Yrs Graduate Five years experience in the similar line of activity and is also looking after the present operations of M/s. Utsav Restaurant Pvt. Ltd. A social worker and a known personality in Durgapur will add value to the business. Mrs. Sita Agarwal Lt. Surendra Kumar Agarwal Bhiringee Opp, Swapan Hotel, Durgapur-713213 67 Yrs Graduate Five years experience in the similar line of activity and is also looking after the present operations of M/s. Utsav Restaurant Pvt. Ltd. A social worker and a known personality in Durgapur will add value to the business.

2.

Name Husbands Name Address Age Qualification Experience

3.

Name Husbands Name Address Age Qualification Experience

4.

Project Details:

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Project Title: Resort and Convention Centre & Tourism development. Project Location : In Durgapur City (Rajbandh) Project Components : Pre-function area of 644 sq.m. Banquet Hall for 125 delegates Indoor Exhibition Spaces aggregating to 1500 sq. ft. Food & Beverages & Other Ancillary Facilities Open Exhibition Ground of 10000 Sq ft (Approx)

Resort with the following requirements 20 No of Room & Lobby classifying 15 Double Room & 05 Single Room 75 seating all day Restaurant and a lounge bar And a Banquet Hall .

Support Facilities and on-site infrastructure like internal road network, parking areas, security, air conditioning, water supply and rain-water harvesting, sewage treatment, solid waste management, landscaping and other services required for the complex.

5.

Technical Aspects: Location details: NH 2, Rajbandh Chatty ( Durgapur City). Demographic Details: The area falls near 875 Longitude & 2388N Latitude. The Climate of the area is tropical in nature. Winter is pleasant with coldest months being December and January. The average minimum

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temperature at winter is 7C. Summer is very hot. May being the hottest month with temperature rising up to 45C with hot wind blowing at noon. Sometime norwestor blows in the afternoon in the month of April & May. The average rain fall per year is in the tune of 1430.8mm with June and July being the wettest months with on average monthly rain fall of 270280mm/month. The area being situated in the eastern part of the district the average rainfall is better than that in western part of the district.

THE FUTURE With such a proactive approach, the future looks pretty bright. The tremendous change in the hospitality sector seen so far has been not just in quantity (occupancy) but also quality. The demand in the premium segment has also increased steadily. The city has reinforced its position as the country's favored conference destination and industrial zone. Cost advantage has invited a host of small/medium scale Industries BPO & IT companies to flourish here. Employment and spending power have increased tremendously. This has a bearing on F&B spends by locals. The future is promising.

Considering the above factors, Government of West Bengal has made a serious attempt to bring about a drastic change in its policies with a special reference to the Tourism Sector. The reason could be that the Travel and Tourism industry is well on its way to becoming one of the most powerful growth engines in the coming millennium and will generate millions of job.

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Acknowledging the vast potential and spin-off tourism has on other industries, the Government of West Bengal is focusing on tourism for generating greater employment and achieving higher economic growth.

The State Government has the vision of making West Bengal the destination state of India, given its attractive diversity, natural endowments and friendly population. West Bengal has a rich tourist potential, which is yet to be exploited

West Bengal has great potential for tourism with its temple towns, Holistic Resorts, monuments and other tourist attractions.

To encourage private investment in tourism and related industry, various incentives and concessions are being offered. In keeping with our objective and spirit, taxation has been attempted to be rationalized on the logic of intelligent taxation to enable private sector to expand tourism. While acknowledging the primacy of the private sector, the state retains with itself the responsibility of provision of public goods and for addressing issues related to safety, quality and regulation.

DURGAPUR & NEARBY TOWNS AND DEMAND FOR ACCOMODATION

Durgapur - The Steel City of West Bengal, India

Durgapur the fastest emerging city of West Bengal, India is growing to become one of the mega city of eastern India. Durgapur popularly known as the Steel city of eastern India is varying its image and emerging also in the fields of medical and education to become one of the multipurpose city

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of India. Durgapur has a huge base of industries with two key steel plants Durgapur Steel Plant and Alloy Steel Plant with their glowing township. City Centre is the nucleus of Durgapur city's administration. Entertainment centers richly known wide range of shopping malls and magnificent parks and picnic spots. Durgapur took pride in its cultural activities though being a relatively coming up new city. Andal upcoming Airport will also add advantage for the visitors Durgapur provides a wide range of oppurtunities to its visitors from outside location.

Nearby Towns

Durgapur is growing rapidly along with its nearby towns and adjoining areas. City like Asansol is already a well known city and other towns are also growing along with Durgapur. These areas adjoining Durgapur has its own importance and we are providing some information about few of them. Asansol Bishnupur Bankura Town Bolpur Burdwan Panagarh Raniganj
Asansol

Asansol is the second largest city in West Bengal located in the Burdwan district. It is a industrial- Coal-mining centre. It is the central city for its coal belt surrounding and is heavily industrialised, it also acts as a trading town owing to its location as a transport centre.The major industries here are
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IISCO(SAIL), Chittranjan Locomotive Works, Hindustan cables Limited, Burn standard, Rekitt & Coleman, Burnpur Cement and a number of small scale industries. The Eastern coalfields a subsidary of Coal India lies here.
Bishnupur

About 82 Km from Durgapur. A Sub-Divitional of Bankura Dist. It has a very good road connection with Durgapur. Busses are plying at regular interval from Durgapur Station. Bishnupur is famous for music known as Vishnupur Gharana. It is also noted for metal crafts, Silk and Beluchuri sarees, conch ornaments and Terracotta Sculpture.
Bolpur

Bolpur is a municipality in Birbhum District in the state of West Bengal, India. It is 145 km north of Kolkata and is best known for the proximity to Visva Bharati, the university set up by Rabindranath Tagore the Nobel laureate poet. Given its proximity to Santiniketan and Sriniketan it is one of the seats of Culture and education in West Bengal.
Burdwan

Burdwan also Bardhaman or Barddhaman is a city of West Bengal state in eastern India It is the headquarters of Bardhaman District.
The places to visit

The famous Shrine of Sarvamangala, said to contain the remnant of Sati's body, the umbilicus, is situated here. Aside this, there are quite a number of temples and Sivalingams. The Curzon Gate built in honour of the visit of Lord Curzon. The palaces and gardens of the maharaja Golapbag. At Nawab Hat, some 2 mile distant, is a group of 108 Siva lingam temples built in 1788.

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One must also know about a small village of burdhaman called "Panchkula" where Gajan-Festival is celebrated with huge passion during the month of May-June. Shrine and Pir Bahram and Sher Afghan. Barddhaman also have a planetarium named after India's eminent scientist Meghnad Saha. It is the second planetarium of the state after Kolkata's "Birla planetarium".
Panagarh

The name PANAGARH is tagged with a town located in West Bengal, India. It is situated in the Burdwan district. The importance of this place is right from the presence of the Military Base Camp up to the Indian Air force station. Two ways communication by Railways & National Highways (NH2) retains PANAGARH always connected with other places.
Raniganj

Raniganj is a city and a municipality in Bardhaman district in the Indian state of West Bengal.
Parks and Picnic Spots.

Durgapur Barrage Exalts Kumar Mangalam Park Science and Energy Park Troika Park Deul/ Gor Jungle/ Maa Shyama Rupa Mandir Rondia Laodoha Forest Nachan Dam Ghagar Budi Maithon Lamia Park Shatabdi Park

Rondia

Randiha is a homely tourist spot in the Durgapur subdivision of Burdwan district, about 10km from Panagarh on NH2 and about 19km downstream the Durgapur barrage. A quaint town on the banks of the Damodar,
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Randiha offers a beautiful mix of greenery and water. You can spend the mornings with endless cups of tea, listening to the chirping of birds. The quiet of the place makes one aware of the sounds of nature. MAJOR PLAYERS: Some of the famous hotels in Durgapur include, Hotel Peerless Inn, Hotel Pritika, Hotel Rose Valley, Hotel Luxor, Hotel City Residency, Pratik Motel. RISK FACTORS: Socio Political Risks : The hotel industry faces risk from the volatile socio-political environment in the country. While general perception, now about West Bengal has been on positive note, the disturbances due to Naxal movements have threatened the industrial growth in the State.

Industry / sector specific risks : Infrastructure Presence of good infrastructure in terms of airport / air services is critical to attract customers. With Government of West Bengal poised to Roads, creation of specialized industrial zones like Software Park, Hardware Park, Textile Park, Biotech Park, FAB City etc. the hospitality industry in Andhra Pradesh and especially in Hyderabad is bound to leap up. Risk of wage inflation: The hotel industry needs quality employees and with demand for the same improving across the industry, the company feels that wage inflation is a critical factor in determining the costs for the company. Thus, our Company will continue to focus on improving manpower efficiencies and

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creating a lean organization, while maximizing effectiveness in terms of customer service and satisfaction, as an area of great importance for the management of the company PROJECT DETAILS :Land Requirement: Owned by promoters.

Project Cost : Rs230.89 Lacs . Details furnished in appropriate place.

6. a. A. B. C. D. E. F.

Financial Estimates: Project Cost : Land Development Hotel uliding Plant & Machinery IT & Communication Furniture & Fixtures Preliminary & operative Expenses Total fixed cost Margin for Working capital requirement as per Working Capital Schedule Total cost of project Proposed Source of Finance: A. B. Term Loan Bank/FI Promoters Contribution Equity Share Capital & Premium Unsecured loan from Directors (Quasi Equity) 5.00 135.72 19.75 2.00 44.65 15.20 222.32 8.57

230.89

79.89 151.00 230.89

DEBT EQUITY RATIO =

1.89

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b. Financial Details

HOTEL PROJECT
: The following financial details are

separately annexed in this report: 1 PROJECT COST 2 DEPRECIATION SCH(CO. ACT) 3 DEPRECIATION SCH(IT. ACT) 4 INCOME TAX COMPUTATION 5 REVENUE & ASSUMPTIONS 6 PROJECTED PROFIT & LOSS ACCOUNT 7 PROJECTED BALANCE SHEET 8 STATEMENT OF WORKING CAPITAL 9 PROJECTED CASH FLOW STATEMENT 10 BREAK EVEN POINT 11 COMPUTATION OF IRR OF THE PROJECT 12 DEBT SERVICE COVERAGE RATIO 13 TERM LOAN SCHEDULE

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PROJECT IMPLEMENTATION SCHEDULE

HOTEL PROJECT

The implementation schedule of the scheme has been worked out keeping in view the factors which are likely to influence it e.g. time required for completion of civil work, delivery period and arrival of machinery/equipment etc. at site, foundation and installation work. The various works, which can be simultaneously carried out have also been taken into account. Considering the above and assuming date of application as zero date the entire scheme would be implemented as detailed below:

Sl . N o. 1. 2. 3.

Particulars

Month Start

Month Completion

Acquisition of land Civil Construction Plant & Machinery, etc Placement of order Delivery at site

Already acquired June, 2011

November, 2011 January, 2012 February,2012

January, 2012 February, 2012 February, 2012 -

4.

Erection & Commissioning

March,2012

5.

Commercial production

April, 2012

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ANALYSIS STRENGTHS

Present West Bengal Govt. is pro-active in improvement of law & order which will attract businesses, Tourists.

Availability of land at very competitive prices and encouraging incentives & benefits for development of industries.

Plenty of underground water as river Damador is passing through Durgapur

Adequate communication facilities. Improvement of Roads and infrastructure during the last few years.

Unpolluted and serene atmosphere to be created in of Durgapur City. Proposed additions like spiritual center, medical care, supermarket, sport complex both indoor and outdoor, Management College Open Air Theatre, Hotel

Large convention and banquet halls to accommodate sufficient number of participants

WEAKNESSES

The proposed hotel location is on the outskirts of the Durgapur City has the locational disadvantage.

OPPORTUNITIES

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The relatively newer concept of weekend travel is poised to gain further momentum with a growing economy and higher disposable incomes and leisure destinations in close proximity to metro cities will benefit from this trend. Moreover, the developments and expansions planned in industries and BPO segments remain encouraging. The entry of new companies, typically, generates significant room night demand during the start up period as processes are set up and executives travel for training. This category of hotel customer ensures a relatively strong base of demand due to a comparatively higher average length of stay. Scope for enhancing the services and covering various gamut of entertainment to the local populace Ever increasing demand from the rich and affluent for a pollution free environment and holiday Growing awareness in HR activities to conduct residential

conferences, training and seminars. Accelerated awareness and consciousness towards health, fitness and comforts in the minds of the Indian populace. THREATS There are virtually no threats to the proposed Hotel as there is no such Hotel in Durgapur. Hotel management will be in constant improvement keeping space with international standard in the form of additional facilities. This will ensure that there will be no threat from any competitors.

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7.

Conclusion:

We have based our conclusion on the following a. the company is promoted by an established personals who has proven his capability by successfully running business in Durgapur West Bengal b. Existing players in the industry are flourishing and additional capacities are being built up. c. There is adequate Demand and supply gap. d. Possibilities of new markets for the industry are in the horizon. e. Debt Equity, the DSCR and sensitivity analysis shows the project to be healthy. The Pay Back period, Break even point indicating satisfactory prospects. f. Locational advantage and connectivity. g. With the changing image of West Bengal, Investments have started to flow in and resulting in flow of floating population.

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