UPPER GANGES KK Birla Group Company Sugar Stock

Upper Ganges, a KK Birla Group company, is the first sugar company having declared its results for the quarter ending March 09. The noteworthy feature about these results are increase in stock of Rs.83.32 crore for the quarter and Rs.25.46 crores for 9 months ending 31-03-09. This means, opening stock of inventory of Rs.215 crores, held by the company as at 01-07-08, largely being sugar, got increased to Rs.240 crores as at 31-03-09. Due to inventory being valued at cost or market price, whichever is lower, there is decrease in quantity of sugar stock held in this period , due to higher cost of production of sugar in this season.
During March 09 quarter, sugar got sold at an average of Rs.2,075 per quintal, while now it is ruling at Rs.2,400 per quintal. So, this increase of 15% would get reflected and realized in the coming quarters on sale of inventory held as at 31-03-09.
one can say that cost of production of sugar is fully met from realization of its by-products. Hence hereon, margin from sugar can be calculated by difference between sugar-cane price and sugar realization.
The company has stopped crushing and in subsequent two quarters, the company will have its income by selling its inventory. In view of sharp realization in sugar, it will have better margins that would get reflected in its financial results. thanks

Financial plans-Long term and Short term

There are lots of financial schemes available in India. Many of them provides you guaranteed returns, high interest rates, tax savings under various sections of Indian Income Tax Act and much more benefits. These financial plans not only provide you money growth but also provide you with financial security at various steps in your life.It depends on your needs which product suits you best.

What are your requirements? i.e. short term or long term planning
How much risk you can take? i.e. you need assured returns or not. [less risk less returns]
How would you like to invest? [one time savings or regular savings]

Bank Savings

1. Bank Fixed Deposits, [Term Deposit]

In a Fixed Deposit Saving Scheme a certain sum of money is deposited in the bank for a specified time period with a fixed rate of interest.

When you want to invest your hard earned money for a longer period of time and get a regular income, Fixed Deposit Scheme is ideal. It is SAFE, LIQUID and FETCHES HIGH RETURNS.

Loan / Overdraft facility is available against bank fixed deposits. Now many banks don’t charges for premature withdrawal.

2. Recurring Deposits

Under a Recurring Bank Deposit Saving Scheme, investor invests a specific amount in a bank on a monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which you get your principal sum as well as the interest earned during that period.

Recurring Deposit provides you the element of compulsion to save at high rates of interest applicable to Term Deposits alongwith liquidity to access that savings any time.

Government Tax Savings

RBI Bonds, or RBI Relief Bonds

RBI Bonds are tax saving bonds that have a special provision that allows the investor to save on tax. These Bonds are instruments that are issued by the RBI.

The interest is compounded half-yearly. Maturity period of RBI Bonds is five years, and interest received is tax-free in the hands of the investor.

Post Office Savings

1. Post Office Time Deposits
2. Post Office Recurring Deposits
3. Post Office Monthly Income Scheme [Post office MIS ]
4. National Savings Certificates [NSC ]
5. National Savings Scheme [NSS]
6. Kisan Vikas Patra - [KVP ]
7. Public Provident Funds [PPF ]

Other Savings

1. Infrastructure Bonds,

Infrastructure bonds are available through issues of ICICI and IDBI, brought out in the name of ICICI Safety Bonds and IDBI Flexibonds. These provide tax-saving benefits under Section 88 of the Income Tax Act, 1961, for the investor. You can reduce your tax liability by upto Rs 16,000 per annum

2. Company Fixed Deposits

Fixed deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits.

3. Life Insurance:

Life insurance saving schemes for government owned Life Insurance Corporation of India and other private life insurance companies like Bajaj Allianz, Birla Sun Life Insurance, HDFC Life Insurance, ICICI Prudential

Tax Rebates under Indian Income Tax Act

Specified Investment Schemes u/s 80C

• Life insurance premium payments
• Contributions to Employees Provident Fund/GPF
• Public Provident Fund (maximum Rs 70,000 in a year)
• Nattional Saving Certificates. [NSC]
• Unit Linked Insurance Plan (ULIP)
• Repayment of Housing Loan (Principal)
• Equity Linked Savings Scheme (ELSS)
• Tuition Fees including admission fees or college fees paid for Full-time education of any two children of the assessee (Any Development fees or donation or payment of similar nature shall not be eligible for deduction).
• Infrastructure Bonds issued by Institutions/ Banks such as IDBI, ICICI, REC, PFC etc.
• Interest accrued in respect of NSC VIII issue.

Deduction under section 80 CCC(1)

This section allows a deduction of up to Rs. 10,000 to an individual in respect of contribution to ‘Pension’ scheme of LIC of India or any other Insurance Co.

Tax saving Pension plans available in market are LIC’s Jeevan Suraksha, ICICI Pru Life Time Pension, Aviva Life Pension Plus, Max Easy Life policy, Tata AIG’s Nirvana Plus etc.

Section 80 CCE

Aggregate deduction u/s 80 C, u/s 80 CCC and 80 CCD can not exceed Rs. 1,00,000. ( One Lac)

Deduction under section 80D.

Under This section, a deduction up to Rs 10,000 (Rs 15,000 in case of senior citizens) is allowed in respect of premium paid by cheque towards health insurance policy, like “Mediclaim”. Such premium can be paid towards health insurance of spouse, dependent parents as well as dependent children.

Deduction under section 24(b)

Under this section, Interest on borrowed capital for the purpose of house purchase or construction is deductible from taxable income up to Rs. 1,50,000 with some conditions to be fulfilled.

for more details visit-

http://savingwala.com/

Tata bonds or NCD issue of Tata Capital

The fall in the financial performance of most of the companies, the pledging of shares and indications that the group was undergoing major liquidity crunch, all have obviously impacted the Tata group stocks negatively. The stocks, expect for maybe TCS have constantly been on the sellers list.
And in the midst of all this, the group company Tata Capital announced its NCD issue. All raised their eyebrows in surprise and wondered whether there would be any subscribers at all. The rights issue of Tata Motors was too fresh in the mind to be put off. Yet, the Tata Capital NCD issue has managed to get oversubscribed 6 times, receiving bids worth more than Rs 3,000 crore on robust response from all categories of investors. The company would retain subscriptions worth Rs 1,500 crore from the issue and it would listed on the NSE.
This indicates two things – people still have a lot of faith in the name of Tata. And secondly, it is equity in which people seem to have lost faith in. Bonds have become an instrument of choice for investors and it would be no doubt that the success of the NCD issue of Tata Capital would now prompt other companies to come out with similar issues. thanks

MUNDRA PORT AND SPECIAL ECONOMIC ZONE

Mundra Port And Special Economic Zone having gone public in November 07 had issued 402.50 lakh equity shares of Rs 10 each at Rs 440 per share. Share got listed on 27.11.07 and closed at Rs 962 on that day. Its 52 week high low is at Rs 1,324 and Rs 250 and is now ruling at Rs 282.
It is like Mumbai Port Trust owning huge land in Mumbai near Mumbai Port Trust which has value running into thousands of crores of rupees.
The share had its 52 week low of Rs 250 having seen on 28.11.08 and now ruling at 282 which is close to its all time low. Promoters stake of 81% also instills confidence and even Pre –IPO investors of 9% continue to remain invested in the company, inspite of shares having gone out of lock in.

We have recommended investment in the stock at 440 levels in IPO and investors got good opportunity of making huge gain. Those who have missed an opportunity to acquire the stock in the past or have booked profit are advised to buy it now at 282 levels, but with 12 months view. Share is now available at such a low valuation, due to depressed market conditions, coupled with negative outlook on realty and infrastructure stocks.

The working of such companies would not hamper as they are catering to the growth of the economy being core sectors and would continue to grow with the backing of its owned assets.

Those holding the stock having acquired in IPO are advised to remain invested and even further buying can be made at 282 levels. These stocks are truly eligible to enjoy the fruits of the growing Indian economy.
thanks

dda delhi draw results 2008 www.dda.org.in

Housing Scheme 08 — the Delhi Development Authority’s latest offering of affordable houses for citizens. The much-awaited draw of lots to the Delhi Development Authority (DDA) Housing Scheme 2008 – under which 5,010 flats are up for sale.
The DDA will, however, upload the list of successful allottees on its website www.dda.org.in by 3 p.m. To view your Registration/Allotment/Application Status please:
1. Select Scheme, either enter Registration/Application No. or Priority No., and select Flat category. Scheme:
Of the 12.64 lakh application forms which were sold, 5,60,000 forms were found eligible for inclusion in the lottery by DDA.
The list will also appear in all national newspapers on Wednesday,” said Dhar.

DDA Draw Result Website

ALLOTMENTS TO CTRL GOV PSU, AMBEDKAR AWAS YOJNA, CGHS, DDA HOUSING SCHEME 2006, DDA HOUSING SCHEME 2008, DWARKA HIG HOUSING SCHEME 2003 ...

www.dda.org.in
direct link is dda.org.in/housing/results/reg_results.asp
dda, dda housing scheme 2008, dda delhi, dda website, dda

dda, www.dda.org.in, dda draw result, urbanindia.nic.in, dda draw 2008
DDA had launched the Housing Scheme on August 6 this year.
reports hindustan times. dda, dda housing scheme 2008, dda.org.in, dda.org, www.dda.com
delhi development authority, dda housing scheme 2008, dda delhi, dda draw, dda housing scheme 2008 results.
site is coming slow have patience. Draw Results

SUGAR STOCKS Return of 100% From Current Levels

SUGAR STOCKS – BEST DESSERT TO REMOVE ALL BITTERNESS.
UP sugar mills have challenged SAP of sugarcane for season 06-07 and 07-08, which was fixed by the UP Govt at Rs.125 per quintal after which petitions remains pending for hearing in the Apex Court. The Allahabad High Court in one of its order dated 19/12/2007 had quashed the SAP for season 06-07 being arbitrary and unreasonable. It directed the UP Govt to reassess SAP and refix the price in due consultation with various parties involved. Subsequently, the Apex Court by its interim order dated 27/02/2008 had directed the sugar mills to pay at Rs.118 per quintal for season 06-07. Practically all the sugar mills in UP have paid and discharged this liability, at Rs.118 per quintal and hence nothing much is likely to accrue for this year.

However the Lucknow bench of Allahabad High Court vide its order dated 07/07/2008 has upheld SAP of Rs.125 per quintal for season 07-08. Subsequently, Apex Court by its interim order dated 15/05/2008, had asked mills to pay at Rs.110 per quintal for season 07-08. All the sugar mills in UP, have paid at Rs.110 per quintal and even the financial accounts of those companies were finalized with sugar cane price taken at Rs.110 per quintal. If the Court will ask the mills to pay at Rs.125 per quintal, there would be an additional liability of Rs.950 crore, to be paid by the mills to the farmers.

It is likely that the UP sugar mills might prefer an appeal in the Apex Court against dismissal of their petition challenging SAP for the season 08-09, at Rs.140 per quintal or may go for review, in Allahabad High Court. But this seems to be a symbolic protest by the mills as it’s being fought to strengthen their old cases of SAP for seasons 06-07 and 07-08. No relief is likely to come, except for clarifications on rebate/deduction of Rs.10 per quintal, being transportation charges on sugar cane, brought from farms to the factory, by the farmers.

In this background, it is certain that cost of production for UP sugar mills will be higher this year, mainly due to low recovery and higher cost of sugar cane. In Karnataka and Maharashtra, sugar cane prices are ruling at Rs.1300 to Rs.1,500 per MT with recovery of 11% to 11.5%. In Tamil Nadu, the cost of sugar cane is at Rs.1,200 per MT, but mills run on an average of 270 to 300 days in a year, as against the average of 200 days in Maharashtra and 160 days in UP.

Season 08-09 has started with an opening stock of 9 million tonnes and production is not likely to exceed 19 million tonnes. Government having earlier estimated a production of 22 million tonnes has scaled it down to 20 million tonnes. On an estimated domestic consumption of 23 million tonnes and expected export of 1 million tonne, the closing stock will be abysmally low at 4 million tonnes, on 30/09/2009.

This will lead to a sharp rise in the sugar prices, which may start happening from end of April 2009 as crushing in most parts of the country would come to an end, as also, the general elections in the country would be in its final stages of completion. Government would be keen to control the sugar prices, in retail, at Rs.22 per kg, as any rise in sugar price could cost dear to the Govt in the elections, which is always a very sensitive issue.

Brazil, the largest sugar producer in the world, which has six months crushing, will also end its season in December and post that; even international prices of sugar will start rising. On the domestic front, sugar prices have risen by about 50 paise per kg in the last 15 days and is now ruling at Rs.18 per kg, ex-mill in UP and at Rs.17.50 per kg in other parts of the country.

Coming on the working and viability of UP sugar mills, cost of sugar cane is expected to be Rs.14.50 – Rs.15 per kg, assuming an average recovery of 9.50%. Adding the cost of production of Rs.4 - 4.50 per kg, the total cost to the mills would be Rs.19 per kg. Molasses and baggasse could give an average realization of Rs.4 – 4.50 per kg of equivalent sugar. This means, presently, UP mills would be making a pre-tax profit of Rs.3 – 3.50 per kg of sugar. From May 09’, this would cross Rs.5 per kg.

However, the situation for non-UP sugar mills would be better due to lower cost of sugar cane and higher recovery, coupled with higher number of crushing days in Tamil Nadu.
In summary
All these cast a positive light on all the sugar stocks across the board. Those who have a 12-18 months perspective can buy them at the current levels and can expect a return of 100% during this period.
Thanks
Renuka sugar;
India Glycols Ltd.

Why Gold is Safest Asset To Invest?

Why Gold is safest asset to invest?
The social and psychological repercussions of the Mumbai terror attack, lasting three long days is far reaching. And along with these losses, the economic losses have only just begun to start adding up. The closing down of the city has led to losses over Rs.5000 crore and the jewellers in the city, which operate from a are very close to the terror areas, was virtually shut down for four days. And the jewelers estimate that their losses would be to the tune of over Rs.1,200 crore due to the shut down, meaning the average business per day is Rs.300-400 crore. As such the jewelers were dealing with a situation of lower demand and this has only further compounded the losses.

But on the other hand, gold is fast emerging as the safest asset to hold during the current troubled times. Despite the terror attacks, gold prices in the local market have not been impacted. Prices have not been influenced by the attacks as the metal usually shows a downward movement only when faced with larger international crises and possible disruptions to oil supplies. It in fact rallied to a five-week high in the Mumbai bullion market last week at Rs.13,185 per 10 gm on fresh support.


Apart from emerging as the safest asset, this is the peak “marriage” season in India and naturally, demand is fulled also to a large extent due to the season. Marriages are once-in-a-lifetime events, at least for the majority of the Indians. And unless the area is under curfew or there have been losses of lives in the family, marriages are usually not postponed. And if marriages have to happen in India, there is no way buying gold could be avoided. So irrespective of the terror attacks we thus see the prices of gold peaking. No wonder the foreign companies trying to set shop here go berserk trying to understand the psyche of the local people!

Markets Cheeers on Data IIP Numbers

Indian markets jumped up, snapping early losses, on the back of IIP data which was in line with expectations. At 12:17 pm, BSE Sensex was up 71 points or 0.73 per cent at 9,902. iip data

Index of Industrial Production for September grew by 4.8 per cent compared to 1.3 per cent in the previous month but lower than 6.98 per cent year-on-year. Manufacturing rose 4.8 per cent against 7.45 per cent y-o-y. Capital goods advanced 18.8 per cent versus the 20.9 per cent growth last year. Mining and consumer durables production were at 5.7 per cent and 13.1 per cent respectively, up from the last year.

“The IIP figures, at first glance, appear to be better than expected and that's probably due to companies building up their inventories before the festive season,” said Alok Agarwal, head - research, KR Choksey.

The industrial growth was expected at 4.5-5.1 per cent for September against the 13-year low of 1.3 per cent in August. Economists had pegged the baseline industrial growth at 4.8 per cent.

Top Sensex gainers were TCS (3.63%), NTPC (3.57%), HDFC (3.47%), Wipro (3.29%) and Tata Power (2.83%).
reports e-times

Mutual Funds

Equity Funds

Reliance Regular Savings Fund – Equity plan

SBI Magnum COMMA Fund

Kotak Opportunities Fund

Sundaram BNP Paribas Select Focus

Kotak 30

Reliance Growth Fund

HDFC Top 200

Reliance Vision Fund

Birla Sunlife Frontline Equity Fund

Birla Sunlife Equity Fund

Balanced Funds

Kotak Balance

Birla Sunlife 95 Fund

HDFC Prudence

ELSS

Principal Personal Tax Saver

Principal Tax Savings Fund

Birla Sunlife Capital Tax Relief – 96 Fund

SBI Magnum Tax Gain Fund

Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing.

Home Loan Revised Interest Rates | Insurance Advice

Lender	5 Years		10 Years		15 Years		20 Years
	ROI	EMI	ROI	EMI	ROI	EMI	ROI	EMI
	%		%		%		%
Banks- Indian
Allahabad Bank	9.75	2113	10.25	1336	10.50	1106	10.75	963
Bank of Baroda	10.00	2125	10.25	1336	10.50	1106	10.75	963
Bank of Rajasthan	11.00	2175	11.25	1392	11.50	1169	12.00	1102
Canara Bank	10.25	2137	10.50	1350	10.75	1121	10.75	1016
Central Bank of India	9.25	2088	10.00	1341	10.50	1105	10.50	998
Indian Bank	9.50	2100	9.75	1306	10.00	1072	10.50	995
Indian Overseas Bank	10.25	2137	10.50	1349	10.75	1121	10.75	1075
State Bank of India	10.50	2112	10.75	1322	11.00	1060	11.00	982
State Bank of Travancore	11.50	2199	11.50	1493	11.50	1168	11.50	1066
Syndicate Bank	10.00	2125	10.50	1349	10.75	1121	11.00	1032
Union Bank of India	9.25	2088	9.50	1294	9.75	1059	10.00	965
Vijaya Bank	9.25	2088	10.00	1322	10.25	1090	10.75	1016
Housing Finance Companies – Indian
Can Fin Homes Ltd	11.50	2200	11.50	1406	11.50	1169	11.50	1067
GIC Housing Finance Ltd	10.95	2172	10.95	1375	10.95	1134	10.95	1029
HDFC	11.00	2175	11.00	1378	11.00	1137	11.00	1033
LIC Housing	11.00	2174	11.00	1377	11.00	1137	11.00	1032
PNB Housing	11.00	2175	11.00	1378	11.00	1137	11.25	1050
Sundaram BNP Paribas	11.75	2212	11.75	1421	11.75	1185	11.75	1084

Source: THE HINDU * Saturday, July 26, 2008
ROI – Rate of Interest EMI – Equated Monthly Installments
Free Advice from Anand from FitnessFundas

In case husband and wife are both working, explore possibilities of getting the property registered on joint names and seeking the loan also on both names. This will enable you to claim Income Tax rebate on Principal Amount re-paid up to Rs 1.00 lakh and interest paid up to Rs 1.50 lakhs in each file. This would prove a good boon especially if the loan is for Rs 30 lakhs or more. You will not only get a better deal form the Bank, but you will save twice the amount by way of Income Tax rebates.

Before you sign up for the Home Loan, please get it secured. There are many ways to do it.

Take a Term Insurance Plan for the entire loan amount with lump-sum payment upfront. Most individuals may end up doing this as this is very lucrative to the Banks and their agents. The Banks may even offer to add the Insurance Premium amount to the Home Loan amount and make matters worse. Please read on to understand …

Take a Term Insurance Plan for the entire loan amount with Regular payment for a term equal to the term of the loan.

Take a Mortgage Insurance Plan. Here a lesser premium needs to be paid for a shorter duration

Cover the Home Loan through a good ULIP.

To compare the cost and benefits of each plan, let us assume the following:

Age of person seeking the loan = 35 years

Amount of Loan = Rs 40 lakhs

Term (or duration of the loan) = 20 years

Rate of Interest = 10%

The Cost of Insurance under each of the four schemes described above would be:

1. Rs 2,06,850 lump-sum

2. Rs 13,900 for 20 years

3. Rs 11,143 for 13 years

4. Rs 4,013 in the first year. The premiums would go on increasing gradually every year to Rs 5,292 in the sixth year, Rs 7,750 in the eleventh year, Rs 11,956 in the sixteenth year … on a level cover of Rs 40 lakhs. You could keep reducing the coverage amount every year and end up paying a lower premium while seeking life cover only for the outstanding loan amount.

As you can see, the first option is the worst one. Even if you calculate interest @ 10 % on the lump-sum amount it is far more than the annual premiums for the second option. In addition, you end up losing the principal amount.

The third option is slightly better because you pay a lesser premium for a shorter duration. The flip side is that you get only the Home Loan amount on reducing balances covered.

The fourth option is the cheapest and the best. It would make things easier if you have a good existing ULIP that allows you to increase and decrease the Death Benefit. In that case, you need to pay only the amounts mentioned above as Top Ups to offset the Cost of Insurance. Otherwise, you may have to pay higher premiums than those indicated BUT the Cost of Insurance would be the same as mentioned above.

Please ensure that you get your dream house financed and insured in the most efficient manner and enjoy saying “Home Sweet Home” every time you enter.