(i) Mr Aditya Kaushik (ii) Mr Dinesh Kaushik (iii) Mr Amit Kaushik

Our Company was incorporated in the year 2017 by conversion of Partnership firm “M/s. Techno Engineering Corpn.” into the Company as “Inflame Appliances Limited” under the provision of Companies Act. Our Company is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. Our manufacturing facilities is situated in State of Himachal Pradesh atKhewat Khatoni No. 45/45, Khasra No. 942/855/1, Village Kalyanpur Tehsil-Baddi, Solan -173205, Himachal Pradesh. Inflame Appliances Limited is an IS 4246:2002 certified company and engaged in manufacturing of LPG Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3 Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh. Additionally our Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributers to domestic Indane Customers. This arrangement can be renewed for a further period on mutual consent subject to our Company achieving the expected milestones as referred under the Market agreement. We have also made marketing arrangement with HPCL and BPCL for selling our products to their distributers and customers. Since the past years the focus of our Company has been in developing innovative product range under the brand "Inflame"; entering into arrangements with distributors; tie-up with suppliers; and recruiting a sales team which gives us a launch pad to take us forward. The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”. COMPETITIVE STRENGTHS (i) Quality of our Products Our strength lies in understanding the requirement of the customer and our execution capabilities. This has enabled us to get repeat orders from our existing customers and attract new customers, We believe that the intricacies of our designs and quality of our products’ finish enables us to get better margins on the products manufactured by us. (ii)Cost efficient sourcing and locational advantage We believe that our cost efficient manufacturing and supply chain management results in a significant reduction in our operational costs. With our experience, we are able to timely procurement of raw materials and we are also able to source these materials at a competitive price. The location of our current manufacturing facilities gives us a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs. The key raw materials for the manufacture of our products are various types of Brass Burner, Brass gas Valve, MS Pipe and Aluminum Mixing Tube, Pan Support Rings and Various Rubber Components which are available in neighboring states which results in lower logistic costs. Our manufacturing units are located in states we believe offers potential market for our products thus reducing the logistical costs associated with delivery. The strategic location helps to market the product in the neighboring States and also exports to foreign countries. (iii)Proven and experienced management team Our Promoter has around vast experience in the industry. We believe that our senior management team has extensive experience in the commissioning of and operating manufacturing capacities, finance, sales, business development and strategic planning in the industry. The vision and foresight of our management enables us to explore and seize new opportunities and accordingly position ourselves to introduce new products to capitalize on the growth opportunities in the Kitchen Appliances Industry. We believe that the demonstrated ability and expertise of our management team for committed asset investment and use of cutting-edge technology results in growing capacities and rising production levels with better cost management and enhanced process efficiency has translated into our quality product, increasing profitability and improved margins which gives us a competitive edge. (iv)Research and Development Right from the beginning our Company has believed in research and development which has benefited our company to lay a technical foundation and the capability that allows the Company to offer customized solutions to the customers. A facilitated design and research and development department enables a continuous study of the customer feedback and related technology to make the necessary upgradation. In house facilities for designing and delivering world class products along with infrastructure to manufacture most of Gas Stove and sheet metal components make us the most desirable manufacturer in the country. Extensive Distribution Network Our distribution network ensures our product availability to our customers translating into efficient supply chain, focused customer service and short turnaround times for product delivery. Our dealer base is supported by an efficient sub dealer and distribution network and sales team, leading the products to retail outlets and making our products available on the shelf across most places at all times thereby reducing dealer stock levels and increased annual sales per dealer.

(i)Authorized Share Capital (50,00,000 shares at FV@10)	500 Lakhs
(ii)Issued, Subscribed,& Paid-up Share Capital Before Issue (28,00,000 Shares at FV@10)	280 Lakhs
(iii)Present Issue (12,00,000 Shares at FV@10)	120 Lakhs
(iv)Reservation for Market Maker (64,000 Shares at FV@10)	6.4 Lakhs
(v)Net Issue to Public (12,00,000-64000=11,36,600 Shares)	113.6 Lakhs
(vi)Retail Quota(<2 Lkah)[5,68,000 Shares]	50%
(vii)HNI & QIB Quota(>2 Lakh)[5,68,000 Shares]	50%
(viii)Paid Up Capital after the issue	400 Lakhs

Average Cost of Acquisition of shares to promoters:

Name of the Promoter	No. of Shares held	Average Cost of Acquisition per Share (In Rs.)
(i)Mr. Aditya Kaushik	24,45,600	11.4
(ii)Mr. Dinesh Kaushik	3,30,400	8.24
(iii)Mr. Amit Kaushik	4,800	6.25

 

Recommended for long term.

Inflame Appliances Limited Khewat Khatoni No. 45/45 Khasra No. 942/855/1, Village Kalyanpur Baddi, Solan -173 205 Phone: +91 1795 246820 Email: info@inflameindia.com Website: www.inflameindia.com