Presented by, Group 4 PRISM

Shree Renuka Sugars Ltd.

Reference
Mr. Vishesh Katuria, Finance Manager, Shree Renuka Sugars Limited. Contact No.: 022 40011400

Shree Renuka Sugars Ltd.

Leading Sugar manufacturer in India (with 7 sugar mills crushing 35000 tons of sugarcane per day) India's largest sugar refiner and ethanol producer (with 21% market share) One of the Leading Sugar producer in Brazil (with 4 sugar mills crushing 14 million tons of sugarcane per day) 5th Largest Sugar producer in the World

Shree Renuka Sugars Ltd.

Cost of Equity Capital
SRLS uses CAPM (Capital Asset Pricing Model) to calculate their Cost of Equity Capital R = RRF + (RM - RRF) * Beta

where: RRF = the risk-free rate of interest, RM = the expected return on the market, Beta = a measure of the sensitivity of the firms stock returns relative to those of the market assuming the absence of diversifiable risk.

Shree Renuka Sugars Ltd.

Face Value BSE Code BSE Group NSE Code Rs. 1 532670 A RENUKA

Current Share price Rs. 57.85 EPS Rs. 6.13

SRSL Performance
Sep-10 T rn ve or 5,597 90 Toal Expe re ni 5,037 26 P fi /(Lo ) be re ax ro fo 560 65 P fi /(Lo ) afe ax ro r 410 05 Earn P rS are(Un C rr) in e i 6 27 Divi e R (%) n ae 100 Sep-09 Sep-08 Sep-07 Sep-06 Sep-05 2,239 81 1,815 09 743 86 806 59 641 55 2,022 17 1,701 39 665 87 732 04 592 53 217 65 113 7 77 99 74 56 49 02 143 51 92 79 54 43 56 27 40 73 4 99 2 78 21 04 23 98 23 79 100 20 20 20 20

Ca ta Structure
From Year To Year Class Of Share qu ty Share qu ty Share qu ty Share qu ty Share qu ty Share . . Authorized Capital (in cr) Issued Capital (in cr) . . . . . Paid Up Shares Paid Up (Nos) Face Value Paid Up Capital (in cr) . . .

Share Ho d ng Pattern
Ownership Pattern as on 3103-2011 Fore gn Promoter & Grou Ind an Promoter & Grou ota of Promoter Non Promoter Inst tut on Non Promoter Non-Inst tut on ota Non Promoter ota Promoter & Non Promoter Grand Total 671280850 . . . . . No of Shares % Share Holding . Share Holder Demat Share

100

143544

661517113

Current Projects
Acqu red VAL m on. Source of Funds SRSL ay $ m on Rs nst tut ona years. m on Rs crore crore us ng the ca ta $ t ra sed through a qua f ed m on as de t for a er od of O IVA S.A. ACAR LCOOL V I a Braz an Sugar and thano roduc ng com any for $

acement QIP of shares n Ju y.

It ay the a ance $

Current Projects Contd.

Equipav Group acquisition, Brazilian based Sugar and Ethanol producing company for Rs 1,151 crore. Source of Funding Capital raised through QIP and Rs 185 crore from conversion of warrants into equity. Balance amount comes from internal accruals. Debt restructuring package stretched over 10 years.

Ama gamated Bean Coffee

Reference
Mr. Deekshith. K. M., Finance Manager, Amalgamated Bean Coffee Trading Co. Ltd. Contact No.: +91 99801 41414

Ama gamated Bean Coffee

Ama gamated Bean Coffee rad ng Com any etter known as "ABC" s one of the argest e orters of green coffee from Ind a s nce . Ama gamated Bean Coffee rad ng Com any L m ted roduces reta s and e orts coffee roducts. he com any conducts reta o erat ons under the Caf Coffee ay rand. he com any ser es arge roasters traders and food and e erage com an es ocated n uro e the S Ja an and the A . ABC s headquartered n Banga ore Ind a.

Ama gamated Bean Coffee

Cost of Equity Capital ABC uses scounted Cash F ow CF method to ca cu ate ts cost of equ ty ca ta .

Ca ta Structure
Share capital Authorized qu ty shares Preference shares Issued, subscribed and paid up qu ty shares Preference shares 2,037,157,532 Debentures Com u sor y con ert e de entures Total 1,246,862,900 3,284,020,432 Price

2,354,860,635

Cost of qu ty Ca cu at on
PARTICULARS Sa es Increase ota Income ota end ture O erat ng Prof t efore &I e r c at on F nanc a Charges O erat ng Prof t efore &I Other Income PB PA Future Cash F ows PA + scount factor @ Discounted Cash Flow (DCF) P . . . . . - . . - . - . . . 84.79 n Crores Mar-09 Mar-10 . . . . . . . . . . . . 389.56 Mar-11 . . . . . . . . . . . . Mar-12 . . . . . . . . . . . . Mar-13 . . . . . . . . . . . . Mar-14 . . . . . . . . . . . . Mar-15 . . . . . . . . . . . .

722.25 1,460.20 2,293.80 3,533.31 5,093.94

DCF
Total Discounted Cash Flow Residual value of the company Total Value of the Company Share Details Face value EPS Share value Rs. 1 Rs.13 Rs. 140.06 Rs. 13,577.85cr Rs. 7,163.33cr Rs. 20,741.17cr

Current Projects
Caf Coffee Day, retail operations of ABC acquired Czech Republic cafe chain, Cafe Emporio for Rs. 15 crore.

Source of Funding $200 million raised from global private equity majors New Silk Route, Kohlberg Kravis Roberts and Standard Chartered private Equity.

Industry s Growth
During Jan-Jun 2010 , the Indian coffee exports increased from 95,662 tonnes to 141,695 tonnes, up by 48%. Rising per capita income, increased literacy and rapid urbanization result in the growth of Indian Coffee. Indian coffee industry showed a annual growth of about 6% between 2000-2008. Between 2009-2014, it is forecasted Industry will show a annual growth of 3.1%

Com any s Growth

ABC projected a annual growth of 4% Between 2012-2015 based on current market conditions. ABC plans to acquire more companies in Central and Eastern European regions to increase its export quantity and to increase global presence in retail chains.

Cost of qu ty Ca ta Ca c.
Based on the ana ys s and ca cu at on found Beta ar ance a ue s R sk free rate RRF = . Market r sk Prem um RM - RRF) = . = . R= . + . * . ) = .