Pro Fin Capital To Monetise Vast Reserves of Bauxite in Kolhapur

Pro Fin Capital To Increase Stake In TERA

Mumbai: Pro Fin Capital Services Ltd. (PROFINC) (BSE: 511557), the leading financial solutions and services provider has intimated the Bombay Stock Exchange (BSE) that it has decided to acquire 80 per cent of the equity capital of Tera Natural Resources and Pellets Private Limited (TERA) in due course. TERA, the bauxite mining company is an existing subsidiary of PROFINC which presently holds 46.92 per cent of its equity capital. The move, on part of PORFINC, is aimed at expanding its decision making ability in TERA and to mobilize the vast reserves of bauxite for which the company has obtained necessary approvals for mining.

TERA commenced commercial operations for bauxite mining in the Kolhapur District of Maharashtra, sometime in the first week of July 2015. The total reserves of bauxite in the mines are estimated to be 25 million tons.

“We are pleased with the positive development with TERA, so far and this move will further reinforce our belief in the market potential for bauxite. TERA has obtained necessary approval from the Office of the Director General of Mines for bauxite mining and the commercial contracts for selling the bauxite are in place,” says Mr. Anupam Gupta, Chairman, Pro Fin Capital Services Ltd.

PRO FIN CAPITAL SERVICES LTD.: Profin Capital is one of the leading providers of solutions and services in the realm of financial sector. Promoted by a group of professionals, Profin Capital has grown consistently since inception. The Mumbai based Pro Fin Capital Services was incorporated in 1991 and since then has evolved as a services company with a focus on underwriting and marketing IPOs.

HRAWI ORGANIZES A ‘REVENUE MANAGEMENT’ SEMINAR FOR HOTELIERS & RESTAURATEURS

Maximizing Revenues For A Stagnating Hospitality Sector

Mumbai: As part of the initiatives taken for the benefit of hoteliers and restaurateurs, the Hotel and Restaurant Association of Western India (HRAWI) had organized a special seminar on Revenue Management for hotels to counter the revenue decline in the sector and maximize their yields. The seminar was organized recently at The Trident hotel, Mumbai. The session was addressed by Mr. Tarun Joukani, Marketing Manager, Staah, Mr. Saurabh Tiwari, Revenue Manager, Trident Hotels and Mr. Abhishek Logani, Director and Business Head, MakeMyTrip. The three speakers have varied experience in their respective domains and specialize in the revenue management matters.

“Revenue management is the practice of maximizing a hotel’s revenue while selling the same amount of products or services. Also called yield management, some consider it both an art and a science. It employs a mix of pricing strategies and systems to maximize yield. However a lot of hotels have not yet made the leap in driving their direct sales and bottom line profit. This is where the real challenge lies for revenue managers in the next few years,” said Mr. Bharat Malkani, President, HRAWI.

Mr. Tiwari who has a rich experience in this field made a presentation on the Revenue Management aspect from the perspective of hotel operations. He highlighted and stressed on hotels optimizing the available resources and making the best of the available means to keep the business viable.

“The objective of Revenue Management is to sell the right product to the customer at the right time and for the right price. Hotels face important decisions regarding what to sell, when to sell and for how much, especially in this constrained economy. Revenue Management uses data-driven tactics and strategies to answer these questions in order to increase revenue,” said Mr. Kamlesh Barot, past president, HRAWI.

About Hotel & Restaurant Association Western India (HRAWI)

The Hotel and Restaurant Association (Western India) is a 65 years old Association of Hotels and Restaurants in Western India. Its members include smaller Hotels up to 5-Star Deluxe categories. The bulk of its members like any growth economy are made up of budget hotels. With around 1300 members across Western India, HRAWI covers Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Goa and the Union Territories of Daman, Diu & Silvassa, and is considered to be the voice of the Hotel Industry. The association is part of the national body of Federation of the Hotels & Restaurants Associations of India (FHRAI), located in New Delhi, which was originally founded in Mumbai in 1950 by the late Mr. J.R.D. Tata.

NEEM – A SINGLE SOLUTION TO A SUSTAINABLE FUTURE

Neem – A Single Solution To A Sustainable Future

·        Neem Foundation’s Constant Advocacy Has Brought About Many Changes In The National Agenda & Government Programs

·        Government Of India Has Permitted Fertilizer Firms To Produce 100 Per Cent Neem Coated Urea Which Will Help Farmers Boost Income And Reduce Subsidy Bill Up To Rs.6,500 Crore

·        Held Three World Neem Conferences That Helped Neem Get World Wide Acceptance

·      Consistent Research & Studies Helped Prove That Neem Is A Potential Source For Natural, Biodegradable And Safe Pesticides Par Excellence.

·        It Also Investigated Neem Tree’s Chemical Profiles, Pesticidal And Medicinal Properties, Its Potential As A Slow Release Fertilizer And Several Other Useful Traits Including Air Purifier.

Since 1993, the Neem Foundation has been striving to promote the Neem Tree as a sustainable solution to global ecological and health concerns. The foundation’s effort has resulted in a very recent and important development that is an equivalent to crossing a milestone in its journey in establishing Neem on a big scale. The government of India allowed fertilizer firms to produce 100 per cent neem coated urea which will help farmers boost income and reducing subsidy bill up to Rs.6,500 crore. The government has in fact made it mandatory to produce at least 75 per cent of urea domestic production neem based. To further provide impetus to utilize neem, the foundation will campaign a plantation of two crore Neem saplings along with petitioning for the Neem tree to be accorded the status of a ‘National Tree’ of India.

Neem Foundation is a forum for unifying global efforts to research and promote the use of the Neem tree and its derivatives in both natural and product forms. The Foundation is funded by the Government of India for implementing specific projects for the Ministry of Chemicals & Fertilizers, Ministry of Agriculture, among others. The Foundation encourages Neem based enterprises and several renowned companies are associated with the Foundation through Corporate Membership. However, the Foundation has no commercial interests in any company or business and remains a not-for-profit forum for the cause of promoting of Neem.

On this backdrop, the Neem Foundation is embarking on some very grand plans and definitive programmes in the immediate future. For more information, kindly contact us.