10-05-2020, 05:27 AM
Kunal woke up by his daughter, Keerthna. His daughter and son in law came for vacation last week from US.
Keerthna: Dad . Wake up.. You Phone is ringing from morning onwards.
Kunal kept his mobile in dining table. He drank heavy yesterday while having family chat with his daughter and son in law. Before he picks the call, call got disconnected. He saw the call from Mohan. He called him back immediately. He got the engaged tone from another end. Kunal BP got raised due to anxiety. even though he redialed, still got the same result. His daughter Keerthna was observing him.
Keerthna: What happen dad? why you are getting so much impatience? (She sounds worried). you BP was remarkably high yesterday while checking.
Kunal: Nothing. No issues. You don’t get worry. You are on vacation and came here as my daughter not Doctor. Just don’t act as a Doctor.
Keerthna: After all what we talk yesterday. You are my Dad.
Kunal finds some worry in her sound. He tries to recollect last night. Kunal got worried whether he told something which hurts his daughter? Before he could ask his daughter, she walked out of his bedroom.
Kunal got up to chase her suddenly his phone rings.
Mohan: Hai Kunal.. I tried you several times in your phone
Kunal: Sorry Sir.. I just kept in silent.
Mohan: Kunal. We got a government tender in France through our partner company. I have suggested your name and board approved. Due to overseas, the project will complete in 18-24 months. Initial funding is 50 Million USD and we are investing 30 Million USD 15 each by two investors. You must raise 20 million. The deal is doing to sign between your company and overseas company. Elections are going to conduct with in 4 months. My company will not come in direct picture. I am flying tonight to France. You also apply for visa. Formal signing is happening day after tomorrow. Once the government draft is signed, we will prepare the legal documents for internal agreement with the company. Total contract value amount is 500 Million USD. Total cost incurred for us will be roughly 300 Million USD. We got two companies to award the subcontract for this project as per the specification in the government tender. One is a US company and other is a Chinese company. Chinese company is agreed to complete this project in 400 Million with an advance fund of 25% of project. US company was also with us in tender and they quoted 490 Million with a payment of 10%. Government is going to release the funds in 5 instalments as per the project completion stages. 100 Million each stage of completion. US company will complete the project in 18 months whereas Chinese company needs 24 months. Giving 50 Million advance and getting 10 million return is not feasible. Initial decision is to give subcontract to Chinese company. Our funding is 50 Million and partner company will invest 50 million. We fund the initial 100 Million to Chinese company. After wards we will settle the Chinese company from government funds. Total amount of 75 Million USD will be transferred back to your company after final settlement. Based on mutual agreement between your company and other 2 investors, Total received amount will be distributed as 30 Million to your company and 22.5 Million each to other two Investors. All other details will share by board members.
From the starting of financial detailing of Mohan, Kunal started calculating the irregularities of profit distribution. Kunal understood that Mohan is simply making money from other people money. Out of 50 Million profit after deducting the overseas companies profit, Mohan is taking 50% of the return without investing a single penny. Due to silence from Kunal
Mohan: Hello Kunal. Are you there?
Kunal suddenly woke up from his calculation
Kunal: Yes Mohan.
Mohan: Contact Mr. Shukla in office for more details. I must leave for an urgent meeting.
Amount told by Mohan is well above his investment plan. He wants to ask him about the reduction in investment amount. Kunal hesitated for a minute to ask. Before Kunal opens his mouth, Mohan disconnected the call.
Kunal has kept an approx. 50-60 Crore for setting up new factory. That was a long-term investment and returns will be expected only after 6-7 years. Once he got the news about Mohan, he decided to invest in such project and profit from such project will be invested to assets. Kunal find this project as the feasible one due to 50% return from project. He decided to convince Mohan for a 60% return. Thinking about raising the money, Kunal started sweating. The funds required is above his net worth. He started thinking about the ways to arrange money.
Keerthna: Dad. What are you thinking?
Good Morning Dad. Kunal heard the sound from his son in law Inderpal.
Kunal: Good Morning Son.
Inderpal: Yesterday Dad was fully out of control.
Kunal: Might be due to your visit after long time.
Inderpal: You were with us few months back. You were worried about money Dad.
Kunal looked at his daughter surprisingly
Keerthna: What Dad? Why you are looking at me? You should have thought before speaking rubbish. Luckily, you said before Inderpal. If it was to Rahul, what will happen yesterday. I can’t imagine.
Kunal saw Inderpal is smiling at Keerthna but in return she is giving hard look at his face. Kunal saw the smile in Inderpal face is ending. Kunal likes her daughter control over his husband. Kunal guessed about yesterdays conversation can be about money.
Kunal: Keerthna, how much funds are required? I am not agreed to sell the property and invest.
Keerthna: Dad. We have setup the hospital through your fund and from some other borrowings. apart from that we have personal mortgage on our house. The situation is same with both. Hospital is currently running in loss. if we couldn’t make it to profits, money will slowly be drained out by operations cost. We need to add some more facility to get more patients so as we can started making profits and started returns the borrowings.
Kunal: How much additional funds required?
Keerthna: 1 Million USD. That’s is the reason we asked for share. we can dispose that and invest in facilities.
Kunal: You could have raised the funds by pledging the hospital.
Keerthna: Dad. If we want to pledge the property, we could have done it our end. we purchased for 12 Million USD. Our contribution was 6 million USD and rest 6 Million is through bank loan against the property. We could have got 90% of project cost through bank but we don’t want to take that burden. we have invested the money you gave us along with our savings and few funds from our hubby’s home. Today we are finding it difficult pay that EMI. Tensions are affecting our profession; we don’t want to take more tensions.
Kunal: what is tenure of repayment.
Keerthna: 20 years.
Kunal: How much is bank Interest.?
Keerthna: 3.2 %..
Kunal: What is the value of your hospital now?
Keerthna: Approx. 13-14 Million USD. If we can make it into profits. Value will increase high. Previous people sold it due to facing difficulty in maintain the loss. when they find difficult to handle the debts, they sold the hospital. We got it in discount price due lack of interest from other buyers as well as the urgent requirement of cash for the owners.
Kunal: I will tell you and Idea. Can you discuss and revert?
Keerthna: Yes Dad. You are master’s in business. I should have learnt from you in childhood.
Kunal: I have an Investment to make and the return will get in 2 years. Can you top up the loan to maximum amount?
Keerthna looked at her hubby.
Inderpal: Dad. we need to check with bank. I will check with our RM. You tell the entire plan.
Kunal: Good. Listen first. Taking approx. 80% of project value as loan from bank will raise the funds to 10 Million. Bank will disburse another 4 – 4.5 million USD to you. You reinvest 1 million on your hospital facility and keep 500 K USD for EMI payment. Give 3 Million USD to me. Next year, I will send another 500 K USD for next one-year EMI. After 2 years, we will close the entire loan. There onwards you are free from your EMI’s. Please ensure to turn the business into profit by that time. The funds will be your share from my side. After my death, my assets in India will be as per my will.
Inderpal: How could you pay the total money?
Kunal looked at his daughter.
Keerthna: Inder, My Dad property & business assets are worth more than that. He can give the funds now itself, but he is more a businessman rather a dad. He wants to give the funds with out hurting his assets. as he said yesterday, his wealth will be for his grandchildren.
Kunal: I didn’t mean it. My wish is to keep my wealth for my Grandchildren. You both relax. Don’t get worried about your fund’s issues in US. I will make you relax in two years’ time. You both have the responsibility to give a grand child for getting the share of my property.
Even though both smiled at Kunal, pain came in Keerthna face. Inder and Keerthna doesn’t have kids even after 2 years of marriage. Inder has problem in his sperms and taking medicines. They decided to try for natural way rather than going other scientific methods. Few times, Keerthna fight with Inder while he faced difficulty to maintain his erect position of Lund during her fertility period’s.
Keerthna: Dad. I will discuss with sister and will let you know. Now it is night in US.
Kunal plans to raise 10 million from Bank and few other personal borrowings. Balance 10 from his reserve and from her daughters.
Keerthna: Dad . Wake up.. You Phone is ringing from morning onwards.
Kunal kept his mobile in dining table. He drank heavy yesterday while having family chat with his daughter and son in law. Before he picks the call, call got disconnected. He saw the call from Mohan. He called him back immediately. He got the engaged tone from another end. Kunal BP got raised due to anxiety. even though he redialed, still got the same result. His daughter Keerthna was observing him.
Keerthna: What happen dad? why you are getting so much impatience? (She sounds worried). you BP was remarkably high yesterday while checking.
Kunal: Nothing. No issues. You don’t get worry. You are on vacation and came here as my daughter not Doctor. Just don’t act as a Doctor.
Keerthna: After all what we talk yesterday. You are my Dad.
Kunal finds some worry in her sound. He tries to recollect last night. Kunal got worried whether he told something which hurts his daughter? Before he could ask his daughter, she walked out of his bedroom.
Kunal got up to chase her suddenly his phone rings.
Mohan: Hai Kunal.. I tried you several times in your phone
Kunal: Sorry Sir.. I just kept in silent.
Mohan: Kunal. We got a government tender in France through our partner company. I have suggested your name and board approved. Due to overseas, the project will complete in 18-24 months. Initial funding is 50 Million USD and we are investing 30 Million USD 15 each by two investors. You must raise 20 million. The deal is doing to sign between your company and overseas company. Elections are going to conduct with in 4 months. My company will not come in direct picture. I am flying tonight to France. You also apply for visa. Formal signing is happening day after tomorrow. Once the government draft is signed, we will prepare the legal documents for internal agreement with the company. Total contract value amount is 500 Million USD. Total cost incurred for us will be roughly 300 Million USD. We got two companies to award the subcontract for this project as per the specification in the government tender. One is a US company and other is a Chinese company. Chinese company is agreed to complete this project in 400 Million with an advance fund of 25% of project. US company was also with us in tender and they quoted 490 Million with a payment of 10%. Government is going to release the funds in 5 instalments as per the project completion stages. 100 Million each stage of completion. US company will complete the project in 18 months whereas Chinese company needs 24 months. Giving 50 Million advance and getting 10 million return is not feasible. Initial decision is to give subcontract to Chinese company. Our funding is 50 Million and partner company will invest 50 million. We fund the initial 100 Million to Chinese company. After wards we will settle the Chinese company from government funds. Total amount of 75 Million USD will be transferred back to your company after final settlement. Based on mutual agreement between your company and other 2 investors, Total received amount will be distributed as 30 Million to your company and 22.5 Million each to other two Investors. All other details will share by board members.
From the starting of financial detailing of Mohan, Kunal started calculating the irregularities of profit distribution. Kunal understood that Mohan is simply making money from other people money. Out of 50 Million profit after deducting the overseas companies profit, Mohan is taking 50% of the return without investing a single penny. Due to silence from Kunal
Mohan: Hello Kunal. Are you there?
Kunal suddenly woke up from his calculation
Kunal: Yes Mohan.
Mohan: Contact Mr. Shukla in office for more details. I must leave for an urgent meeting.
Amount told by Mohan is well above his investment plan. He wants to ask him about the reduction in investment amount. Kunal hesitated for a minute to ask. Before Kunal opens his mouth, Mohan disconnected the call.
Kunal has kept an approx. 50-60 Crore for setting up new factory. That was a long-term investment and returns will be expected only after 6-7 years. Once he got the news about Mohan, he decided to invest in such project and profit from such project will be invested to assets. Kunal find this project as the feasible one due to 50% return from project. He decided to convince Mohan for a 60% return. Thinking about raising the money, Kunal started sweating. The funds required is above his net worth. He started thinking about the ways to arrange money.
Keerthna: Dad. What are you thinking?
Good Morning Dad. Kunal heard the sound from his son in law Inderpal.
Kunal: Good Morning Son.
Inderpal: Yesterday Dad was fully out of control.
Kunal: Might be due to your visit after long time.
Inderpal: You were with us few months back. You were worried about money Dad.
Kunal looked at his daughter surprisingly
Keerthna: What Dad? Why you are looking at me? You should have thought before speaking rubbish. Luckily, you said before Inderpal. If it was to Rahul, what will happen yesterday. I can’t imagine.
Kunal saw Inderpal is smiling at Keerthna but in return she is giving hard look at his face. Kunal saw the smile in Inderpal face is ending. Kunal likes her daughter control over his husband. Kunal guessed about yesterdays conversation can be about money.
Kunal: Keerthna, how much funds are required? I am not agreed to sell the property and invest.
Keerthna: Dad. We have setup the hospital through your fund and from some other borrowings. apart from that we have personal mortgage on our house. The situation is same with both. Hospital is currently running in loss. if we couldn’t make it to profits, money will slowly be drained out by operations cost. We need to add some more facility to get more patients so as we can started making profits and started returns the borrowings.
Kunal: How much additional funds required?
Keerthna: 1 Million USD. That’s is the reason we asked for share. we can dispose that and invest in facilities.
Kunal: You could have raised the funds by pledging the hospital.
Keerthna: Dad. If we want to pledge the property, we could have done it our end. we purchased for 12 Million USD. Our contribution was 6 million USD and rest 6 Million is through bank loan against the property. We could have got 90% of project cost through bank but we don’t want to take that burden. we have invested the money you gave us along with our savings and few funds from our hubby’s home. Today we are finding it difficult pay that EMI. Tensions are affecting our profession; we don’t want to take more tensions.
Kunal: what is tenure of repayment.
Keerthna: 20 years.
Kunal: How much is bank Interest.?
Keerthna: 3.2 %..
Kunal: What is the value of your hospital now?
Keerthna: Approx. 13-14 Million USD. If we can make it into profits. Value will increase high. Previous people sold it due to facing difficulty in maintain the loss. when they find difficult to handle the debts, they sold the hospital. We got it in discount price due lack of interest from other buyers as well as the urgent requirement of cash for the owners.
Kunal: I will tell you and Idea. Can you discuss and revert?
Keerthna: Yes Dad. You are master’s in business. I should have learnt from you in childhood.
Kunal: I have an Investment to make and the return will get in 2 years. Can you top up the loan to maximum amount?
Keerthna looked at her hubby.
Inderpal: Dad. we need to check with bank. I will check with our RM. You tell the entire plan.
Kunal: Good. Listen first. Taking approx. 80% of project value as loan from bank will raise the funds to 10 Million. Bank will disburse another 4 – 4.5 million USD to you. You reinvest 1 million on your hospital facility and keep 500 K USD for EMI payment. Give 3 Million USD to me. Next year, I will send another 500 K USD for next one-year EMI. After 2 years, we will close the entire loan. There onwards you are free from your EMI’s. Please ensure to turn the business into profit by that time. The funds will be your share from my side. After my death, my assets in India will be as per my will.
Inderpal: How could you pay the total money?
Kunal looked at his daughter.
Keerthna: Inder, My Dad property & business assets are worth more than that. He can give the funds now itself, but he is more a businessman rather a dad. He wants to give the funds with out hurting his assets. as he said yesterday, his wealth will be for his grandchildren.
Kunal: I didn’t mean it. My wish is to keep my wealth for my Grandchildren. You both relax. Don’t get worried about your fund’s issues in US. I will make you relax in two years’ time. You both have the responsibility to give a grand child for getting the share of my property.
Even though both smiled at Kunal, pain came in Keerthna face. Inder and Keerthna doesn’t have kids even after 2 years of marriage. Inder has problem in his sperms and taking medicines. They decided to try for natural way rather than going other scientific methods. Few times, Keerthna fight with Inder while he faced difficulty to maintain his erect position of Lund during her fertility period’s.
Keerthna: Dad. I will discuss with sister and will let you know. Now it is night in US.
Kunal plans to raise 10 million from Bank and few other personal borrowings. Balance 10 from his reserve and from her daughters.
![[+]](https://xossipy.com/themes/sharepoint/collapse_collapsed.png)