Ifci Limited · NSE:IFCI
Ifci — Corporate Update (July 2021)
16 slides from Ifci's corporate update, Jul 25, 2021
Slide 1: IFCI Limited Sugar Development Fund
IFCI Limited New Delhi Sugar Development Fund Dated: 25-07-2021
Slide 2: IFCI as Nodal Agency for the Sugar Development Fund
IFCI Ltd. is the Nodal Agency for channelizing the Sugar development Fund (SDF) of the Government of India since inception of the Fund in 1986. IFCI monitors the SDF loans sanctioned to private sugar factories for modernization-cum-expansion, setting-up of bagasse based Cogeneration Power Projects,
Slide 3: Responsibilities of IFCI as Nodal Agency
As a Nodal agency of GOI, IFCI is primarily responsible for examination/execution of loan proposals and security documents, recommendation to GOI for release of funds, undertaking site visits for verification of physical and financial progress, verification of utilization of loan monies released by
Slide 4: Sugar Development Fund Scheme in Brief
Sugar Development Fund Scheme in Brief Under the Sugar Development Fund Act, 1982 and Sugar Development Fund Rules, 1983, loans are given to sugar factories, inter-alia, for five schemes viz. Modernization Cum Expansion of sugar factory Cane Development Bagasse based Co-generation power projec
Slide 5: Cumulative Figures
Cumulative Figures Total Sanction : Rs. 7020.40 Crore Total Disbursement : Rs. 5884.00 Crore Agency Commission : Rs. 252.20 Crore Status as on 31/03/2021 Total Exposure: Rs. 2954.97 Cr. Number of Loan Accounts : 173 Number of Sub-Loan-Accounts : 247 Note: The data used in the ppt is based on best av
Slide 6: Year wise number of cases sanctioned
No. of Cases 0 10 20 40 50 60 30 2 1985-86 5 1986-87 9 1987-88 1988-89 22 21 1989-90 14 1990-91 19 1991-92 1992-93 7 8 1993-94 5 1994-95 9 1995-96 7 1996-97 14 1997-98 16 1998-99 6 1999-00 4 2000-01 15 2001-02 3 2002-03 2003-04 Year wise number of cases Sanctioned 11 12 2004-05 8 2005-06 18 2006-07
Slide 7: Year wise Amount Sanctioned
INR in Crore 0.50 150.50 300.50 450.50 600.50 750.50 900.50 1985-86 1.79 1986-87 4.46 1987-88 6.24 1988-89 46.24 1989-90 49.70 1990-91 40.97 1991-92 96.26 1992-93 24.93 1993-94 37.17 1994-95 27.82 1995-96 42.49 1996-97 54.44 1997-98 89.03 1998-99 154.19 1999-00 67.49 2000-01 42.57 2001-02 135.66 Yea
Slide 8: Year wise Disbursement
INR in Crore 0.50 100.50 200.50 300.50 400.50 500.50 600.50 1985-86 1.79 1986-87 4.46 1987-88 6.24 1988-89 46.24 1989-90 49.70 1990-91 40.97 1991-92 89.09 1992-93 24.39 1993-94 37.17 1994-95 26.93 1995-96 42.49 1996-97 54.44 1997-98 82.69 1998-99 151.26 Year wise Disbursement 1999-00 67.49 2000-01 4
Slide 9: Agency Commission Structure
Agency Commission Structure • Commission for actual recovery is 2% • Commission for Outstanding Amount (not falling due for payment) is detailed as below: Commission Commission is Commission(%) (%) of applicable for applicable for Outstanding following period remaining Loans period Modernization 0.5
Slide 10: Year wise Commission earned by IFCI
Rs. in Crore 0.00 5.00 10.00 15.00 20.00 25.00 0.01 0.03 0.08 0.33 0.54 0.84 1.22 1.38 1.65 2.06 2.26 2.61 3.02 3.75 4.24 4.69 5.33 5.63 5.97 SDF Commission 6.75 7.01 Year wise Commission earned by IFCI 11.28 8.17 11.40 14.59 16.91 17.56 19.33 18.23 16.04 15.50 10.25 10.00 11.00 9.00
Slide 11: Facility-wise Outstanding as on 31-03-2021
Total Outstanding as on 31-03-2021: Rs. 2954.97 Crore Facility-wise Outstanding 1600 FACILITY-WISE OUTSTANDING(%) RS. In Crore 1400 1379.81 1200 46.70% 1000 992.89 33.60% 800 16.10% 3.60% 600 400 475.81 200 106.46 0 Modernisation Cogeneration Ethanol Cane Development
Slide 12: Facility-wise Outstanding as on 31-03-2020
Total Outstanding as on 31-03-2020: Rs. 2992.89 Crore Facility wise Outstanding SDF Dues (in INR, Crore) Facility wise Outstanding SDF Dues (in percentage) 1,600.00 60.00% Rs. in Crore 1,400.00 50.00% 1,200.00 40.00% 1,000.00 800.00 30.00% 600.00 20.00% 400.00 10.00% 200.00 - 0.00% 1 1 Modernization
Slide 13: Outstanding Position and Status of Default Accounts
Outstanding Position as on 31/03/2021 Rs. In Cr. No. of Principal Interest S. No. Particulars Total Outstanding % Accounts Outstanding Outstanding 1 Regular Accounts 82 703.03 56.32 759.35 25.70% 2 Accounts with less than 2 defaults 14 206.88 22.21 229.09 7.75% 3 Accounts with 2 or more than 2 defau
Slide 14: SDF Accounts – Overview
SDF Accounts – Overview (as on 31/03/2021) No. of Total No. Default No. of Regular Period Default of Amount Security Accounts Accounts Accounts in crore Loans are originally Prior to 30/06/2013 17 77 94 1221.90 secured by way of second charge Loans are mainly After 30/06/2013 65 88 153 680.70 secure
Slide 15: Challenges for Sugar Factory
Challenges for Sugar Factory • Cyclical Industry • Low Yield of Sugarcane • Old and obsolete machinery • Low rate of recovery • Low per capita consumption • Short crushing season • Fluctuating Production Trends • Mismatch between cost of production and sale price
Slide 16: Contact Details
Contact Details: Ms. Rita Kaul Mr. Jagdish Garwal General Manager Deputy General Manager Email : rita.kaul@ifciltd,com Email : [email protected] Mobile: 011-41732166 Mobile: 9599193795