Andhra Pradesh Industrial Development Corporation Limited
(APIDC) was established on 16th December, 1960 , by the Government of Andhra
Pradesh for planned development of medium and large industries in the State. It
has an authorised capital of Rs. 110 crore and paid up capital of Rs. 96.23
crore.
Objectives:
-
Identify & promote entrepreneurial talent for comprehensive industrial
development.
-
Conceptualise exploitation of resources for industrialisation.
-
Ensure economic, financial and social viability of the promoted projects.
-
Earn a reasonable rate of return.
-
Function as an extended arm of Government / national industrial development
banking institutions.
Functions:
-
Project promotion - generation & implementation of project ideas.
-
Equity participation
-
Venture capital for IT, biotechnology & sunrise industries.
-
Long, medium and short term loans
-
Bill discounting
-
Rehabilitation of sick industrial units
Contributions
Entrepreneurial Base
A strong local entrepreneurial base has been created by extending guidance and
helping hand to first generation entrepreneurs.
Natural Resources Utilisation
A number of projects have been promoted based on the rich
natural resource endowment of the State like agro, mineral, marine, forest,
livestock, etc.,
Dispersal of Industries
The planned industrial activity taken up and implemented by the
Corporation has resulted in a wide dispersal of Industries throughout the
State.
Sectorwise details of industries promoted /
assisted by APIDC ( March 2007 )
|
Number of industries
|
Food & Agro
|
109
|
Chemical, Drugs & Pharma, Basic Chemicals
|
178
|
Mineral Based
|
86
|
Engineering, Metallurgical, Electrical &
Electronics
|
188
|
Information Technology
|
19
|
Textiles, Jute, Silk etc.,
|
75
|
Paper & Paper Board
|
43
|
Miscellaneous (Rubber, Leather, Hotel etc.,)
|
94
|
Total
|
792
|
Technology Transfers
Played a pivotal role in locating state of the art technologies
and sophisticated equipment from countries like U.S.A, Japan, West Germany,
U.K., Sweden, France, etc.,
Industrial Investment
Catalyzed a total industrial investment of Rs. 5430 crore in 792 industrial
units (March, 2007).
Employment
Resulted in direct employment opportunities to 1.42 lakh persons.
Income to State Exchequer
Industrialisation effort has resulted in the State receiving
crores of rupees in the form of various taxes and duties. Groups and
Organisations which had humble beginnings with assistance from APIDC are today
corporate bodies of international repute viz. GVK, Dr. Reddy's, Nagarjuna,
Pennar, NCL, Raasi, Novopan, Visakha to name a few.
Venture Capital Fund
To give thrust to venture capital activities, the Corporation promoted the
following Asset Management Companies for managing Venture Capital Fund.
-
APIDC Venture Capital Fund ( APIDC - VCL)
-
Hyderabad Information Technology Venture Enterprises Limited (HITVEL)
Enriching and empowering entrepreneur
Commercial intelligence relating to various industries is made
available to prospective entrepreneurs. APIDC is associated with Organisations
like FAPCCI, CII, AMIO, HMA in their specialised seminars and workshops which
are beneficial for the entrepreneurs.
Thrust Areas
APIDC proposes to take up projects with an outlay upto Rs. 100 crore and
participate in equity investments upto Rs. 5 crore in the following sectors
-
Biotechnology
-
Food & Agro Processing
-
Engineering & Automotives
-
Textiles including Jute.
-
Projects in clusters and industrial parks ( Apparel, Leather, Pharma, Food,
SEZs, etc.,
Details of Schemes of financial assistance offered by APIDC
Equity: Listed Category - New Companies
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
Minimum EPS shall be Rs.3.00 from 3 rd year onwards.
Average DSCR shall be 1.5 times.
Projected book value shall be above Rs.15/- in 3 rd year.
Proposed dividend shall not be less than 15% in 3 rd year and 18% thereafter.
IRR shall be more than 20%
|
For setting up of a project.
|
11% of proposed equity or Rs. 100 lakh which ever is
less.
Front end Fee 2.50% of amount sanctioned
|
Equity: Listed Category - Existing Companies
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
Minimum EPS shall be Rs.3.00
Average DSCR shall be 1.5 times.
Book value shall be at least Rs.15/-.
Profit making for at least 3 years preceding the request of equity.
|
For setting up of industry.
|
11% of proposed equity or Rs. 25.00 lakh which ever is
less.
Front end Fee 2.50% of amount sanctioned
|
Equity: Unlisted Category - New Companies
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The Project Cost shall be above Rs. 500 lakhs
Minimum EPS shall be Rs.3.00 from 3 rd year onwards.
Average DSCR shall be 1.5 times.
IRR shall be more than 20%
Proposed dividend shall not be less than 15% in 3 rd year and 18% thereafter.
|
For setting up of a project.
|
11% of proposed equity or Rs. 25 lakh which ever is
less.
In specially deserving cases, up to Rs. 50 lakh.
Front end Fee 2.50% of amount sanctioned
|
Equity: Unlisted Category - Existing Companies
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The Project Cost shall be above Rs. 500 lakhs
Minimum EPS shall be Rs.3.00.
Average DSCR shall be 1.5 times
Book value shall be at least Rs.15/-.
Profit making for at least 3 years preceding the request of equity.
|
For setting up of industry
|
11% of proposed equity or Rs. 25.00 lakh which ever is
less.
In specially deserving cases, up to Rs. 50 lakh.
Front end Fee 2.50% of amount sanctioned
|
TERM LOAN
Term Loan : (Minimum Rs.20 lakh)
Repayment period up to 8 years with a moratorium
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
|
For setting up of New Units / Expansion /
Diversification / Modernisation.
|
Rate of Interest 12.50% Rebate 1.00%
Penal Interest 2.00%
Coll.Security 25% - 50%
DER 1.5 : 1
Promoters'
Contribution 25 to 35%
|
Medium Term Loan Corporate Loan : (Minimum Rs.50 lakh -
Maximum Rs.200 lakh)
Repayment period 2 to 3 years with 3 to 6 months moratorium
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
In existence for a minimum of 5 years, should have reported net profit for
minimum 3 years out of last 5 years. OR
In existence for a minimum of 3 years and should have reported net profit for
all the 3 years.
Net worth profit turn over and DSCR shall be satisfactory.
No overdues to the Banks/Financial Institutions.
Those who avail Bill Discounting facility from APIDC are not eligible.
|
To cover working capital requirements for manufacturing
/ industrial activities.
|
Rate of Interest 12.50% Rebate 1.00%
Penal Interest 2.00%
Coll. Security 125%
|
Short Term Corporate Loan: (Minimum Rs. 20 lakh - Maximum Rs.50 lakh)
Repayment period 12 to 18 months with 3 months moratorium
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
In existence for a minimum of 5 years, should have reported NET PROFIT for
minimum 3 years out of last 5 years OR
In existence for a minimum of 3 years and should have reported CASH PROFIT for
all the 3 years.
Net worth, profit, turn over and DSCR shall be satisfactory.
No overdues to the Banks/Financial Institutions.
Those who avail Bill Discounting facility from APIDC are not eligible.
|
To cover immediate needs of the company in the normal
course of business.
|
Rate of Interest 12.50% Rebate 1.00%
Penal Interest 2.00%
Coll. Security 125%
|
Loans for Acquiring Pre-Existing Productive Assets / Equipment Rs 20 lakh - 150
lakh
Repayment period : 2 to 5 years with 6 months moratorium.
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
Shall be an existing profit making co.
NOC from other participating Institutions.
|
To acquire pre-existing productive assets / equipment
owned by third party.
|
Rate of Interest 12.50%
Rebate 1.00%
Penal Interest 2.00%
Coll. Security 50.00%
Service Charges 0.25%
Upfront Fee 0.50%
|
BILL DISCOUNTING
Bill Discounting Re-discounting of Bill of Exchange / Hundies
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The company shall be an existing finance company having already an exposure in
bill discounting business.
profit making company preferably dividend paying company, and the general track
record of the company shall be satisfactory.
|
To meet the gap in working capital requirements.
|
Rate of Interest 11.00%
Penal Interest 2.00%
Coll. Security 125%
Personal guarantees from
2 promoter Directors.
|
Bill Discounting (Direct) : Purchase / Sale Bill Discounting
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The company shall be existing and profit making for a period of at least 3
years.
|
To meet the gap in working capital requirements
|
Rate of Interest 11.50%
Penal Interest 2.00%
Coll. Security 125%
The MD / Promoter Directors must give personal guarantee for the repayment of
the dues.
The company is not in default to term lending institutions and Banks.
|
Bill Discounting (Direct) : Capital Goods Bill Discounting
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The company shall be existing and profit making for a period of at least 2
years.
The track record of the company shall be satisfactory.
|
For acquisition of capital goods for expansion /
diversification.
|
Rate of Interest 11.50%
Penal Interest 2.00%
Coll. Security 50%
Service charges 0.25%
The MD / Promoter Directors must give personal guarantee for the repayment of
the dues.
The company shall not in default to term lending institutions and Banks.
|
Bill Discounting : Letter of Credit / Bank Guarantee Discounting
ELIGIBILITY
|
PURPOSE
|
TERMS & CONDITIONS
|
All companies public or private limited incorporated
with ROC, having Registered Office in Andhra Pradesh.
The sanction is by each transaction wise or depending upon the period for which
the bank guarantee is valid.
|
To meet the gap in working capital requirements
|
Rate of Interest 10.50%
Penal Interest 2.00%
The Terms and conditions of the Bank Guarantee should be very clear in respect
of Bank's liability to pay in case of breach of contract.
The Bill of Exchange / Hundi drawn must be confirming with the terms and
conditions of the Bank guarantee to ensure that the due date of the Bill of
Exchange / Hundi is within the date of expiry of the Bank guarantee.
After satisfying the above Bill of Exchange/Hundi is discounted and the Bank
would be informed of the same.
On the due date, if the company fails to make payment, claim would be submitted
to the Bank invoking the bank guarantee.
|
For more information visit http://www.apidc.gov.in/
|
You are Visitor No.:40640
