Balaji Extrusions & Cables Pvt. Ltd.

Plot No.51, Bharat Industrial Estate, Bhimpore, Daman 396210

Telefax :Daman-0260-2220506, 2221007, 2221733 : Mumbai-022-25514340 : Mumbai Fax: 022-25573507

9th October, 2007.

BECPL / Quote / 07100901

CHANDRA INDUSTRIES
Plot No. B-32/2/4 MIDC Waluj, Aurangabad. 431136

Dear Sirs,

Re: Your valuable enquiry

Kind attn: Shri.Kanaiah Khatri.

At the outset, we thank you very much for your valued enquiry.
We have pleasure in quoting our best possible rates for PVC Insulated cables
required by you. Please go thro the same and give your feed back as well as order
confirmation to enable us to proceed further in giving you the right and professional
support for cables.
To introduce ourselves, we are in this cable manufacturing line from 1985 onwards
and have grown from absolute scratch to 27 crores (Gross Sales) last year (i.e. FY2006-07 ended 31/03/2007). Our company is a closely held family company, with
S.Murlidharan, B.Sc (Hons), LLB & CAIIB, as Managing Director and Mrs.Vijaya
Murlidharan as Executive Director.
We have the right machinery to meet the technological challenges that we started
facing in the last decade. We produce cables from 99.99% pure electrolytic grade
copper bought from Hindalco Industries Ltd. (Birla Copper) and di-electric grade
PVC Compounds to meet the challenges faced by Indian economy against Chinese
aggression.
We have been a dedicated supplier of Wiring Harness cables right from 1985
onwards, when our cables were approved by Maruti Udyog Ltd., for the first time.
From then on, we have grown from strength to strength and we are proud to be one
of the technologically best equipped supplier of cables in the western region.
For our regular customers, we quote the price of our cables based on the monthly
average prices of copper, so quoted by LME for the previous month and arrived at
by multiplying the same with SBI TT Selling Rates, so quoted daily, of course, for the
previous month.
p.t.o,

Page-2
We attach herewith the following files for your perusal, consideration and order,
1) Our quotation for October-2007,
2) Daily quotes of LME Prices of Copper & resultant prices in Indian Rupees, for
the previous month (September-2007)
3) History of Monthly average copper prices in Excel sheet.
4) Graph showing price movements in the last two years (in Indian Rupees)

These quotes will be of great help to you in getting the best possible price from your
customers.
We request you to study the same and give your valuable acceptance in releasing
your valuable order.

With warm regards,

Yours faithfully,
For Balaji Extrusions & Cables Pvt. Ltd.,
S.Murlidharan
Managing Director.
Attached : as above

Balaji Extrusions & Cables Pvt. Ltd.

Plot No.51, Bharat Industrial Estate, Bhimpore, Daman - 396 210 (U.T)
Daman-Telephone cum Fax : 0260-2220506,2221007,2221733 - Mumbai-Telephones : 022-25514340,65871849 : Mumbai-Fax : 022-25573507

Ref : Our Price List No. 07100101 dated 01/10/2007

Chandra Industries,
Plot No. B-32/2/4 MIDC Waluj, Aurangabad. 431136
Dear Sirs,

Kind attention : Shri.Kanhaiya Khatri.

Quotation for supply of Cables with effect from 01/10/2007
Cost Base for Raw Materials

Description of Raw Materials

Basic Raw
Material Prices
Rs./ kg.
342.81

8mm C.C.Rod

PVC Compound

Master Batch

Any other additions

Landed Cost
Price per kg.

Rs./ kg.
0.00

Rs./ kg.
342.81

57.00

0.00

57.00

110.00

0.00

110.00

Our Price Offer per Roll of 100 mts. for the period 01/10/2007 to 31/10/2007

SIZE

AREA

Specification

OD

Non-Std.

1.700

sqmm
1 016/.2mm

00.50 sqmm

Increase/
Our Selling Price Decrease in prices
(Ex-Works-Daman) for every rupee
for 100 mts.
change in Copper
prices
Rs.
Rs.

mm

189.00

0.42

TERMS/ ADDITIONS TO THE AFORESAID "EX-WORKS" PRICE :

EXCISE DUTY

Local Sales Tax

Central Sales Tax

Against Form?

Freight Terms

Delivery Terms

16.48%

Nil

0.000%

Form-C

Freight Paid by us

Godown Delivery

PAYMENT TERMS

Transporter's Name

Advance before despatch

Balaji Transport Corporation

Octroi, if any, at Destination

Insurance

Risk of Transportation

Extra & payable by you, if any

Extra, at your cost

Sent entirely at your risk

1) Based on Copper Base Price of 8mm CC Rods @Rs.342.81 per kg.

2) As copper prices are highly volatile, the Base Price of Copper may change without notice to you.
3) Payment shall be paid you by DD on Mumbai OR deposited BY YOU at any of your local HDFC Bank Branch.
4) Consignments in excess of 500 kg. shall be door delivered, at our cost.
5) Prices quoted are dependent on prevalent Copper prices and hence are suject to change without notice.
6) Settlement of disputes, if any, are subject to Mumbai/ Daman Jurisdiction.

Our HDFC Bank A/c No. is 1302320000051 and branch is DAMAN.

Thanking you,
For Balaji Extrusions & Cables Pvt. Ltd.,
S.Murlidharan
Managing Director

Balaji Extrusions & Cables Pvt. Ltd.

Plot No.51, Bharat Industrial Estate, Bhimpore, Daman - 396 210 (U.T)
Daman-Telephone cum Fax : 0260-2220506,2221007,2221733 - Mumbai-Telephones : 022-25514340,65871849 : Mumbai-Fax : 022-25573507

Daily Trend in LME Copper Prices and resultant daily Prices in Indian Rupees for September-2007
Daily Quotes for the month of September-2007
Daily
Daily
Daily
Daily
Daily Calculated
Add
Daily
LME
LME's AppliSBI
Multi- daily price of Transport- derived
Stock
Cash
cable
TT
plica- LME-CSP in
tation
Final Price
Indian
charges of LME-CSP of Copper
Settle
Pre- Selling tion
(at London
-ment mium
Rate Factor
(at actuals in Indian
Rupees
Metal
Rupees
Price (current
(current (without
charged
Exchange)
(C.S.P)
Market
Market
transpby
Remarks
Date
trends)
trends)
ortation
Smelters)
US $
per
tonne
A

US $
per
tonne
B

Rs. Per
US $

unit
per
tonne
D

Rs.
per
tonne.
(A+B) x C x D
Divided by
1000
E

Rs.
per
tonne.

Rs.
per
tonne.

Tonnes
F

E+F

Monday-03/09/2007 $7,451.00

$265.00 Rs. 41.23

1.062 Rs. 337,855.00 Rs. 1,500.00 Rs. 339,355.00 139100 tonnes

Tuesday-04/09/2007 $7,301.50

$265.00 Rs. 41.16

1.062 Rs. 330,746.00 Rs. 1,500.00 Rs. 332,246.00 139625 tonnes

Wednesday-05/09/2007 $7,420.00

$265.00 Rs. 41.18

1.062 Rs. 336,089.00 Rs. 1,500.00 Rs. 337,589.00 137000 tonnes

Thursday-06/09/2007 $7,250.00

$265.00 Rs. 41.21

1.062 Rs. 328,894.00 Rs. 1,500.00 Rs. 330,394.00 137775 tonnes

Friday-07/09/2007 $7,361.00

$265.00 Rs. 40.95

1.062 Rs. 331,646.00 Rs. 1,500.00 Rs. 333,146.00 137775 tonnes

Monday-10/09/2007 $7,248.00

$265.00 Rs. 40.98

1.062 Rs. 326,971.00 Rs. 1,500.00 Rs. 328,471.00 137600 tonnes

Tuesday-11/09/2007 $7,406.00

$265.00 Rs. 40.83

1.062 Rs. 332,626.00 Rs. 1,500.00 Rs. 334,126.00 137275 tonnes

Wednesday-12/09/2007 $7,396.00

$265.00 Rs. 40.72

1.062 Rs. 331,297.00 Rs. 1,500.00 Rs. 332,797.00 137925 tonnes

Thursday-13/09/2007 $7,426.00

$265.00 Rs. 40.70

1.062 Rs. 332,431.00 Rs. 1,500.00 Rs. 333,931.00 137075 tonnes

Friday-14/09/2007 $7,471.00

$265.00 Rs. 40.71

1.062 Rs. 334,458.00 Rs. 1,500.00 Rs. 335,958.00 135750 tonnes

Monday-17/09/2007 $7,600.00

$265.00 Rs. 40.68

1.062 Rs. 339,785.00 Rs. 1,500.00 Rs. 341,285.00 133750 tonnes

Tuesday-18/09/2007 $7,540.00

$265.00 Rs. 40.84

1.062 Rs. 338,519.00 Rs. 1,500.00 Rs. 340,019.00 133225 tonnes

Wednesday-19/09/2007 $7,819.00

$265.00 Rs. 40.59

1.062 Rs. 348,474.00 Rs. 1,500.00 Rs. 349,974.00 133875 tonnes

Thursday-20/09/2007 $7,852.00

$265.00 Rs. 40.26

1.062 Rs. 347,051.00 Rs. 1,500.00 Rs. 348,551.00 133375 tonnes

Friday-21/09/2007 $7,980.00

$265.00 Rs. 40.10

1.062 Rs. 351,123.00 Rs. 1,500.00 Rs. 352,623.00 132575 tonnes

Monday-24/09/2007 $8,076.00

$265.00 Rs. 40.06

1.062 Rs. 354,857.00 Rs. 1,500.00 Rs. 356,357.00 131775 tonnes

Tuesday-25/09/2007 $7,990.00

$265.00 Rs. 40.05

1.062 Rs. 351,111.00 Rs. 1,500.00 Rs. 352,611.00 131275 tonnes

Wednesday-26/09/2007 $8,082.00

$265.00 Rs. 39.94

1.062 Rs. 354,049.00 Rs. 1,500.00 Rs. 355,549.00 130950 tonnes

Thursday-27/09/2007 $8,145.00

$265.00 Rs. 39.91

1.062 Rs. 356,453.00 Rs. 1,500.00 Rs. 357,953.00 130950 tonnes

Friday-28/09/2007 $8,165.00

$265.00 Rs. 40.04

1.062 Rs. 358,465.00 Rs. 1,500.00 Rs. 359,965.00 130775 tonnes

$265.00 Rs. 40.61

1.062 Rs. 341,313.00 Rs. 1,500.00 Rs. 342,813.00 134971 tonnes

Calculated
Monthly Average

$7,648.98

Final Base Price of 8mm C.C.Rods (per tonne) based on monthly

average of above quotes (C.S.P) of London Metal Exchange
(Sum of Monthly Average of Final Prices + Transportation charges)

Rs. 342,813.00
(per tonne)

PRICES OF 8MM C.C.RODS PER KG

411.13
375.31
404.22
403.73
395.44

Jul-2006
Aug-2006
Sep-2006
Oct-2006

384.55

Nov-2006

356.31
337.49

Dec-2006
Jan-2007

Jun-2007
Jul-2007
Aug-2007
Sep-2007

284.98
316.64
363.06
347.87
338.88
357.53
341.18
342.81

in Rupees per kg.

Apr-2007

280.27

Balaji Extrusions Cables Pvt. Ltd.

326.50

PRICE TREND IN COPPER PRICES

(8mm C.C.Rods) in Indian Rupees

253.05
254.24
266.34
267.52

Rs. 440

237.26

Jun-2006

May-2007

Rs. 430

220.81

May-2006

Mar-2007

Rs. 420

187.62
179.15
193.62
192.23
201.86
206.22

Apr-2006

Feb-2007

Rs. 410

Rs. 400

Rs. 390

Rs. 380

Rs. 370

Rs. 360

Rs. 350

Rs. 340

Rs. 330

Rs. 320

Rs. 310

Rs. 300

Rs. 290

Rs. 280

Rs. 270

Rs. 260

Rs. 250

Mar-2006

Rs. 240

Jan-2006
Feb-2006

Rs. 230

Dec-2005

Rs. 220

Oct-2005
Nov-2005

Rs. 210

Sep-2005

Rs. 200

Jul-2005
Aug-2005

Rs. 190

Jun-2005

Rs. 180

Rs. 170
Apr-2005
May-2005

Balaji Extrusions & Cables Pvt. Ltd.

Plot No.51, Bharat Industrial Estate, Bhimpore, Daman - 396 210 (U.T)
Daman-Telephone cum Fax : 0260-2220506,2221007,2221733 - Mumbai-Telephones : 022-25514340,65871849 : Mumbai-Fax : 022-25573507

Trend in London Metal Exchange Prices (LME) in copper from April-2006 onwards (Monthly data)

Applicable
Month

Status

Monthly
Average
Stock
of
Copper
in
London
Metal
Exchange

Tonnes

LME's
Cash
Settlement
Price

Monthly
Premium
(as per
current
Market
trends)

US $
per
tonne
A

Transportation
Charges
(Extra)

Final
Base
Price
of
8mm
C.C.Rod
(Monthly
average)

Difference in
Final Base
Price of
8mm
C.C.Rod
when
compared
with
previous
month

Rs.
per
kg.

Rs.
per
kg.

Rs.
per
kg.

Rs.
per
kg.

(A+B) x C x D
divided by
1000
E

E+F

SBI's
TT
Selling
Rate

Multiplication
Factor
(as per
current
Market
trends)

Equivalent
Monthly
Calculated
Average
Price (in
Indian
Rupees)

US $ per
tonne

Rs.
per
US $

unit
per
tonne

April-2006 Monthly average 115192 tonnes

$6,387.78 $255.00 Rs. 45.26

1.081

Rs. 325.00 Rs. 1.50 Rs. 326.50

Rs. 58.98

May-2006 Monthly average 115285 tonnes

$8,045.86 $255.00 Rs. 45.65

1.081

Rs. 409.63 Rs. 1.50 Rs. 411.13

Rs. 84.63

June-2006 Monthly average 109023 tonnes

$7,197.61 $255.00 Rs. 46.40

1.081

Rs. 373.81 Rs. 1.50 Rs. 375.31

-Rs. 35.82

July-2006 Monthly average

94563 tonnes

$7,712.10 $255.00 Rs. 46.76

1.081

Rs. 402.72 Rs. 1.50 Rs. 404.22

Rs. 28.91

August-2006 Monthly average 113698 tonnes

$7,695.66 $255.00 Rs. 46.80

1.081

Rs. 402.23 Rs. 1.50 Rs. 403.73

-Rs. 0.49

September-2006 Monthly average 123238 tonnes

$7,602.36 $255.00 Rs. 46.38

1.081

Rs. 393.94 Rs. 1.50 Rs. 395.44

-Rs. 8.29

October-2006 Monthly average 117106 tonnes

$7,500.39 $255.00 Rs. 45.69

1.081

Rs. 383.05 Rs. 1.50 Rs. 384.55

-Rs. 10.89

November-2006 Monthly average 151014 tonnes

$7,029.18 $255.00 Rs. 45.06

1.081

Rs. 354.81 Rs. 1.50 Rs. 356.31

-Rs. 28.24

December-2006 Monthly average 170392 tonnes

$6,675.11 $255.00 Rs. 44.85

1.081

Rs. 335.99 Rs. 1.50 Rs. 337.49

-Rs. 18.82

January-2007 Monthly average 198448 tonnes

$5,669.66 $255.00 Rs. 44.55

1.074

Rs. 283.48 Rs. 1.50 Rs. 284.98

-Rs. 52.51

February-2007 Monthly average 212998 tonnes

$5,676.45 $255.00 Rs. 44.38

1.059

Rs. 278.77 Rs. 1.50 Rs. 280.27

-Rs. 4.71

March-2007 Monthly average 193965 tonnes

$6,452.48 $255.00 Rs. 44.24

1.062

Rs. 315.14 Rs. 1.50 Rs. 316.64

Rs. 36.37

April-2007 Monthly average 171299 tonnes

$7,766.47 $265.00 Rs. 42.39

1.062

Rs. 361.56 Rs. 1.50 Rs. 363.06

Rs. 46.42

May-2007 Monthly average 142032 tonnes

$7,682.17 $265.00 Rs. 41.04

1.062

Rs. 346.37 Rs. 1.50 Rs. 347.87

-Rs. 15.19

June-2007 Monthly average 171299 tonnes

$7,475.88 $265.00 Rs. 41.04

1.062

Rs. 337.38 Rs. 1.50 Rs. 338.88

-Rs. 8.99

July-2007 Monthly average 102306 tonnes

$7,973.91 $265.00 Rs. 40.69

1.062

Rs. 356.03 Rs. 1.50 Rs. 357.53

Rs. 18.65

August-2007 Monthly average 119092 tonnes

$7,513.50 $265.00 Rs. 41.12

1.062

Rs. 339.68 Rs. 1.50 Rs. 341.18

-Rs. 16.35

September-2007 Monthly average 134971 tonnes

$7,648.98 $265.00 Rs. 40.61

1.062

Rs. 341.31 Rs. 1.50 Rs. 342.81

Rs. 1.63

w.e.f. 23/01/2007 & onwards, Multiplication factor was reduced from 1.081 to 1.059, by all Copper Smelters
and hence the average Multiplication factor for January works out to 1.074.
w.e.f. 01/03/2007 & onwards, Multiplication factor was increased from 1.059 to 1.062, by all Copper Smelters
due to addition of Higher Education Cess on custom duty, after Budget-2007
w.e.f. 01/04/2007 & onwards, Monthly premium was increased from US$255/= to US$265/= by all Copper Smelters.