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Illustrative Work
Our clients take pride in their
relationships with us as is evident from the multiple fund
raising opportunities they have provided to us. Some of the
transactions undertaken by Silverdale Services Limited in
the past one year include:
Sintex Industries Limited (US$ 225 million CB) – March 2008
Sintex Industries Limited is India’s most
integrated wide-spectrum plastics and composites
manufacturer and fabricator, and a market leader in
structured textile industry. Whilst best known for its water
tanks (50% aftermarket share), Sintex is capable of handling
over a dozen moulding technologies and composites such as
glass, concrete etc. Its proprietary product PLASTOCRETE®
saves 15%-20% of cost and 50% of time to build site offices,
warehouses, classrooms, public toilets, monolithic mass
housing, etc. Sintex has acquired 5 companies over the past
two years in the US, Europe and Asia which would add
significantly to the topline and bottomline of the company
as well as provide Fortune 100 clients. The funds have been
raised to meet foreign currency expenditure for capex plans,
investing in overseas joint ventures / subsidiaries, and for
further overseas acquisitions. Silverdale Services Limited
was co-Lead Manager for the issue.
Rajesh Exports (US$ 150 million CB) – February 2007
Rajesh Exports is world’s lowest cost
manufacturer of gold jewellery, with the largest capacity of
250 tons per annum. The Company has market share of over
1.3% of global gold jewellery market of US$ 86 billion, and
exports over 25% of the entire gold jewellery exports from
India. The funds were raised for capital expenditure with
respect to gold and diamond value addition, retail expansion
and acquisitions.
Bartronics (India) (US$ 25+50 million CB) – June 2007 /
January 2008
Bartronics is pioneer in introducing
Automatic Identification and Data Collection (AIDC)
technologies like Bar Coding, Biometrics, Radio Frequency
Identification and Data Collection (RFID) in India. The
funds were raised for expansion and setting up the largest
manufacturing facility in South Asia for 80 million smart
cards.
Karuturi Networks (US$ 25+50 million CB) – February 2007 /
October 2007
Karuturi is the world’s largest and lowest
cost producer of cut roses (650+ million stems over 300+
hectares in India, Ethiopia and Kenya). The funds were used
to acquire world’s then largest rose producer and to
transform into a leading agri-products company.
Mercator Lines (Singapore) (US$ 35+16 million CB) – March
2007
Mercator Singapore transports dry bulk coal
from Indonesia and Australia to India, and on return carries
iron ore from India to China and Korea. The Company used the
funds to increase the capacity from 511,948 DWT to 891,748
DWT, increasing its EBITDA from USD 18.4m in 2007 to USD
70.8m in 2008 (excluding additional revenues from return
voyages). It was the first transaction of pre-IPO placement
by an offshore entity wholly owned by an Indian company.
Webel-SL Energy Systems (US$ 13 million GDR + US$ 17 million
CB) – August 2007 / October 2007
Webel-SL Energy manufactures photo-voltaic
cells (PVC) and photo-voltaic modules. It is the second
company in the world to produce 12 inch PVC. The funds were
used to increase capacity from 12MW to 102MW over the next
three years.
U.K. - A Note
The UK is made up of Great Britain
(England, Scotland and Wales) and Northern Ireland, and is
one of the 25 member states of the European Union (EU).
The UK is a constitutional monarchy that is a representative
democracy, where Monarch is recognised as the head of state,
and the elected Prime Minister is the head of government.
The UK is a leading trading power and a financial centre,
with banking and insurance being the greatest contributors
to the GDP. London is amongst the top three global financial
centres along with New York and Tokyo. Despite being member
of European Union, UK has not yet adopted Euro as its
official currency. The currency unit is called the Pound
Sterling.
Key Facts
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Area: 244,820 km2
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Population: 61 million (2009)
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Major language: English
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GDP: US$ 2.13 trillion (2009)
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Time zone: GMT; BST*
* British Summer Time (GMT + 1:00)
Clocks move backward and forward 1 hour in the UK. i.e. clocks change twice a
year. In the spring, an hour is added for what is called British Summer Time. In
the autumn, the reverse is done, adhering to the Greenwich Mean Time. For
further details for 2008-11, refer to the clock link in the following section
‘Useful Links’
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International dialling code: +44
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For holidays in the UK, refer to ‘Public Holidays
–Silverdale’
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