THANGAMAYIL JEWELLERY LIMITED - Keynote

THANGAMAYIL JEWELLERY LIMITEDSources & Deployment of FundsAs per the Certificate dated 24/12/2009 from B. Thiagarajan and Co., Chartered Accountant, theCompany has upto 15/12/2009 deployed an amount aggregating to Rs. 196.17 lacs towards theproposed project. Details of the sources and deployment of funds as per the certificate are asfollows:ParticularsAmount (Rs. in Lacs)Deployment of funds onshowrooms at :Dindigul 133.90Theni 38.42Sivakasi 5.24Madurai renovation 18.61Total 196.17Sources of FundsInternal Accruals 196.17Total 196.17Year Wise Break up of ExpenditureParticularsSetting up retail outletsTuticorinDindigulTheniNagercoilThirunelveliKovilpatiSivakasiMaduraiAmount spent/ tobe spent duringthe year 2009-10(Rs. in Lacs)Amount to bespent during theyear 2010-11- 323.60133.90 -154.66 -521.33521.01- 159.49143.53 15.9518.61 156.39Contingencies 17.09 85.03Public Issue Expenses 255.00 --Working Capital Requirement 578.00 1700.00Total 1300.79 3482.80The company has already opened its outlet at Dindigul. The outlet at Theni is proposed to beopened during February 2010 and the outlet at Sivakasi is proposed to be completed by March2010 . Hence the expenses related to these outlets including proportionate working capitalrequirement and contingencies have been given under the head Amount spent / to be spentduring the year 2009-10.Interim use of fundsThe management, in accordance with the policies set up by the Board, will have flexibility indeploying the proceeds received through the Issue. Pending utilization for the purposesdescribed above, TMJL intends to temporarily invest the funds in high quality interest ordividend bearing liquid instruments including deposits with banks for the necessary duration.Such investments would be in accordance with any investment criteria approved by the Board ofDirectors from time to time.29