PART-A

CHAPTER-I INDUSTRY PROFILE Globally, Man-Made Fibre (MMF) is the most dominantly consumed textile fibre with a share of 63%. Over the years, natural fibre has lost its market share to MMF, mainly on account of the unsteadiness in the availability of cotton and growing popularity of the polyester. Even though, cotton is the dominantly consumed fibre in India, the share of cotton in total fibre consumption has declined from 74% in FY91 to 59% in FY09. Among the various MMF products in synthetic and cellulosic segments like polyester, olefin, nylon, acrylics, viscose etc, polyester is the most consumed fibre in India. It accounts for about 80% of the MMF demand. The widening price differential between cotton and polyester and growth in use of non cotton fabrics has fuelled the demand for polyester in India. Among the various Man-Made Fibres (MMF) products in synthetic and cellulosic segments like polyester, olefin, nylon, acrylics, viscose etc polyester is the most consumed fibre. It accounts for about 80% of the MMF demand. The widening price differential bet en cotton and polyester and growth in use of non cotton fabrics are driving the demand for polyester in India. In the last ten years, the production of 100% non cotton spun yarn grew at a CAGR of 5.6% while the production of 100% cotton spun yarn grew at 3.1%. Globally, Man-Made Fibres (MMF) is the most dominant fibre with the share of 63% (in CY2008) in the total fibre consumption. Over the years, Natural fibre has lost its market share to MMF, mainly on account of the unsteadiness in the availability of cotton (which forms almost 95% of the total consumption of natural fibre) and growing popularity of the polyester. The share of natural fibres in the total fibre consumption declined from 58% in CY1975 to 37% in CY2008, while that of MMF has expanded rapidly from 42% to 63% during the same period. China is the largest producer and consumer of the MMF across the globe. It accounted for about 54% of the total MMF consumed across the globe during CY2008. The consumption of MMF in the country was dominated by the synthetic fibres. It accounted for almost 95% of the total MMF consumed by the Chinese textile mills in CY2008. The expectation is that in the future with the improved macro economic conditions, growing population, widening price differential between cotton and polyester and growing demand for non cotton fabrics will steer the growth of MMF industry. Additionally, the growth will also be driven by applications of MMF in home textiles, technical textiles, accessories etc Man-made Fibre market in India is expected see a steady growth. Increasing demand for textile namely general purpose textile, fashion wear, textile used for special purpose, along with the increasing price of textile made up of cotton is expected to drive the man-made fibre market in India.

The major characteristics of the market have been analysed and include favorable demographic, rising cotton prices, rising cost of raw material, anti-dumping duty and unfavor able excise duty. The competition section provides an overview of the competitive landscape in the industry. It also includes a brief profile of the major players which includes a snapshot of their corporation, financial performance and expansion plans, providing an insight into the existing competitive scenario. With fishing being a favorite activity, fishing equipment market is registering healthy growth. Increasing disposable income and rapidly growing emerging markets have largely stimulated spending culture in the global retail markets, contributing to the constant surge in fishing equipment and other leisure products markets. Further, increasing expenditure by millions of anglers across the globe and special taxes collected on fishing tackle and motorboat fuel are significantly contributing in supporting fish recreational programs and fisheries conservation. To address the surging demand for fishing equipment, manufacturers are developing new gears and long lines with several hooks attached to the systems for catching fish. Fishing equipment market is largely characterized by brand loyalty. With majority of anglers who fish use specific brands, value of the premium quality fishing tackle brands is surging phenomenally.

CHAPTER-II COMPANY PROFILE Background M/s. Baliga Fishnets was established in the year 1984. Today, they are the renowned and reputed Manufacturer, Exporter, Importer and Supplier of Nylon Multifilament Fishing Net, Twine, Monofilament Fish Knitted Fabrics, HDPE Fishing Nets and Floats. For the Last 22 years, they have relentlessly catered to the requirement and specifications of their clients with superior quality products at most affordable rates. Their Customer friendly products distinguish them from the competitors and make them an ideal company to serve the requirement of broad spectrum of customers with varying needs. They have the best warehouse and shipping facilities so that the goods reach the customers without any hassles. It has dedicated and most efficient team of professionals, distributors and marketing personnel are strength. It follows a Customer Centric approach to achieve maximum degree of Customer satisfaction. The unit is located in Nittur Highway Road, Puttur village in greater Udupi Town area on the National Highway 17. The company has all the infrastructural facilities like power, water, communication network (Telephone, Telex, Post and Telegraph facilities) transport facilities are also easily available and the place is well connected to Mangalore port, which is just around 57 k.m. from the site. Vision Statement: To be one among the global leaders in the business of fishing solutions. Mission: To sustain profitable growth by providing the best quality product and thereby offering best customer satisfaction and support and To deliver superior value to customers, stakeholders and to the society at large. Baliga Fishnets is one of the largest Fishnet manufactures of South India with country wide operation. The company was founded by Late Shri K.Vaman Baliga in 1984 and it had a very simple beginning. Both the Sons Sri K. Muralidhar Baliga and Sri K. Shashidhar Baliga worked hard to bring the Company to its present level and now they are the pillars of M/s. Baliga group. The day to day operations of the group is looked after by the partners Shri K. Muralidhar Baliga and Shri K. Shashidhar Baliga. The dynamic leadership and expert knowledge of these partners has helped the Company to achieve its goal and as a result the Fishnets manufactured by the Company have been acclaimed as one of the best by domestic as well as International Customers. Products The company has understood the need of development and enhancement in products which has helped us to create a strong niche for selves in the national as well international market. It offers a wide and impressive range of supreme quality fishing nets and floats. The range of products include: Nylon Multi Filament Fishing Net Twisted Twine Mono Filament Fish Net Fabrics Fishing Floats Net Making Machines

Quality Quality is the driving force for us. It follows stringent quality procedures to keep a check on each and every step of manufacturing process. Its quality control checks make sure that only the premium quality products reach the customers. It takes special care regarding the packaging of products. All the quality procedures are in accordance with the international standards. The quality standards have helped us to become the renowned and reputed manufacturer, exporter, importer and supplier of Nylon Multi Filament Fishing Nets, Twine, Mono Filament Fishnet Fabrics, HDPE Fishing Nets and Fishing Floats. Patron Quality products at most affordable rates have earned a worldwide client base for us. The relationship with the customers is based on confidence, trust and support as a result, it has been able to export products to Gulf Countries, African Countries and Srilanka. Team They are endowed with the most Co-operative team of personnel. The diligent efforts of the entire team play an essential role in success. Quality Control executives, R & D executives and various allied workers are also facilitated with frequent trainings which help them to brush up their skills. Business Enquiry As a rapidly developing company, it is looking for customers for a long term business relations for the future. High Quality Control Prompt Delivery New Products Competitive Prices Earth-Friendly Products

Products Floats All products are made of selected fine quality materials with different dimensions. The floats are circular, Oval, Cylindrical and Oblate shaped and are widely used for fishing in the sea. Because of high product quality, they are deeply trusted by customers both at home and abroad. At present products are exported to overseas markets such as Southeast Asia, Middle East, Europe and over 30 countries and regions in the world.

Twisted Twine Baliga Fishnets has carved a niche as one of the most dependable Twine Exporters and Suppliers. They use a 100% virgin material for manufacturing of Twine that provides high durability, flexibility and resistivity to various climatic factors. Moreover, they also offer a wide array of fishing twine that includes polypropylene twine, HDPE twine, Nylon Twine etc. that are widely used in various types of industrial and domestic applications. The customers are also facilitated with easy availability of the twine in all the possible colors. Monofilament Nets Specifications : Single knot and Double knot, Thickness : : 0.16mm to 0.80mm Mesh size : 10mm to 250mm up Depth : 2.5MD to 800MD UP ( MD = Mesh Depth) Length : Can follow as per customer request Color : Can follow as per customer request Production Capacity : 4 Tons/ day. Primary Competitive Advantages : Baliga Fish Nets are Manufactured using 100 % virgin Nylon ( Polyamide -6 ) Dedicated Workforce for each stage of Production & Quality Control Nets are soft strong and free from knot slip, Manufactured in Japanese Machinery Products meet international Standards, Processing chemicals are Eco friendly, Quality at right price Nylon Multifilament Nets Specifications: Thickness: 210D/2Ply-90Ply Mesh size : 10mm to 300mm Selvage : Single selvage, Double selvage or other as per Customer requirement. Depth : Up to 800MD Length : 10mtr ~ 500mtr & Up Col : At y option. Production Capacity : 4 Ton/ day. Primary Competitive Advantages : Baliga Fish Nets are Manufactured using 100 % virgin Nylon ( Polyamide -6 ) Dedicated Workforce for each stage of Production & Quality Control Nets are soft strong and free from knot slip Manufactured in Japanese Machinery Products meet international Standards Processing chemicals are Eco friendly Quality at right price Baliga 7-60 Net Making Machine Single knot machines in 5.5mm pitch to 14mm pitch, ranging from 300MD to 600MD depending on the specifications. The minimum and maximum mesh size depends on the machine. Infrastructure & Technology A state of the art infrastructure with cutting edge technology is the backbone of the Company. It constantly invests in the upgradation of the technology to remain abreast with the changing trends. Its in-house manufacturing unit is complacent with the appropriate machineries and equipments required for the production of the world class products. The company is headed by most efficient and experienced professionals and quality conscious management ensuring that only the superlative quality products reach the customers. Monofilament and multifilament yarn is used to develop range of products. It includes nylon monofilament single knot nets (LWS), nylon mono filament double knot nets (LWS), nylon

mono filament u-knot nets (LWS), nylon mono filament double knot nets (DWS), nylon multifilament single & double knot nets (DWS), nylon multi filament single knot net (LWS), nylon multi filament double knot net (LWS), nylon co-polymer nets (LWS and DWS) and nylon multi mono nets (LWS and DWS). All of these product categories are appreciated for their features such as: 100% defect-free. Correct mesh depth and mesh size. More fish catching compared to other nets. Extra length for given weight. More stronger, too soft with excellent flexibility. Highest breaking strength. Good knot strength. Highest abrasive strength. Best for all seasons and all types of fishes. All products can be availed in specific configurations, as per the specific requirements of valuable clients.