KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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III. OUTSTANDING LITIGATIONS INVOLVING PROMOTER’S/ DIRECTOR’S GROUP COMPANIES The following are the litigations pending against the Group Companies Raghuveer Metals Industries Limited Excise Duty ASSESSMENT YEAR 2002-2003 Order in original no. 59/ CE/JP-II/ 2003 dated 3.10.2003. 2002-2003 Appeal no. CA.No. D5644/2002 and Appeal no. CA No. 5676/2002 dated 23.09.2002 before the Supreme Court Service Tax ASSESSMENT YEAR 2004-05 Order in original no. 38/ ST/2005 dated 10.06.2005 2004-05 Show cause notice C. No. V (ST) 80/AJM/ 2005/2089 dated 16.03.2005 PARTICULARS The order was passed by the Commissioner of Central Excise, Jaipur-II, imposing a penalty u/s 3A of the Central Excise Act, 1944 relating to fixation of the Annual capacity of production. The issue pertains to determination of annual capacity of production in terms of Section 3A of the Central Excise Act. with regards to show cause notices issued by the Commissioner of Central Excise, Jaipur-II. The Civil Appeals have been filed in the Supreme Court. Appeal no. CA No. 5644/2002 pertains to determination and Appeal no. CA No. 5676/2002 is filed with regards to the differential duty. PARTICULARS The Order was passed with reference to the show cause notice bearing C. No. V(ST)159/ AGM/2004/1379 to 1383 issued by Anti evasion party of the Central Excise Division, Ajmer for the reason mentioned thereunder that the operations of the Company were covered under taxable service defined u/s 65 of the Finance Act, 1994. The Show cause notice C. No. V (ST) 80/AJM/2005/2089 dated 16.03.2005 was issued by the Deputy Commissioner, Central Excise Division, Ajmer against the Company and three of its Directors for service matters pending u/s 73 (2) of the Finance Act, 1994. 106 Amount Involved (RS. LACS) Rs.36.82 Rs. 55.66 Amount Involved (RS. LACS) Rs. 170.50 Rs. 35.84 STATUS The Company has filed an Appeal No. E/31/2003/NBA before the Customs, Excise and Service Tax Appellate Tribunal, New Delhi for stay of the impugned order and to waive pre deposit of the said amount till the disposal of appeal. The matter is pending before the Tribunal as of now. The matter is admitted in the Supreme Court and notice has been issued for stay against the order of the Tribunal. The matter is pending in the Supreme Court. STATUS The Company and two of its directors namely Mr. B.K. Malik and Mr. Abhay Agarwal have filed Appeals No. ST/AJ/ 87 to 89/IX/05 before the Commissioner (Appeals-II), Custom and Central Excise, Jaipur against the said Order. The matter is still pending before the aforesaid party. The Reply has been submitted to the Deputy Commisioner , Central Excise Division, Ajmer by the Company three of its Directors namely Mr. Pradeep Agarwal, Mr. Abhay Agarwal and Smt. Geeta Agarwal on 23.08.2005. No further action has been taken in respect of the said matter.
Sales Tax ASSESSMENT YEAR PARTICULARS Amount Involved (RS. LACS) STATUS 2004-05 Penalty imposed by the Sales Tax Rs 2.41 The demand raised has been Officer u/s 74 of the Sales Tax Act, deposited under protest. The due to the reason that complete documents are not accompanied to the vehicle. appeal is yet to be filed. Kamdhenu Industries Limited ASSESSMENT YEAR PARTICULARS Amount Involved (RS. LACS) STATUS 2001-02 Order U/s 23 (4) of Delhi Sales Tax Act, 1975 Assessment under Delhi Sales Tax Act, 1975 was made exparte by the STO, Ward-71, U/s 23 (4) of Delhi Sales Tax Act, 1975 Rs. 24.85 The Appeal was preferred with Addl. Commissioner- III against the order on 30.06.03, Stay was granted on 10.02.04 against the demand of Rs. 24.85 Lacs. The appeal has been decided on 24.03.05 in our favour and the case has been remended back to the STO for framing the fresh assessment. Other than the abovementioned litigations involving Statutory Laws, there are no litigations pending against the Directors/ Promoters Group Companies under any of the following heads: 1. LITIGATION INVOLVING CRIMINAL LAWS 2. LITIGATION INVOLVING SECURITIES AND ECONOMIC LAWS 3. LITIGATION INVOLVING CIVIL LAWS 4. LITIGATION INVOLVING LABOUR LAWS There is no other litigation filed by the Directors/Promoters Group Company under any of the following heads: 1. LITIGATION INVOLVING CRIMINAL LAWS 2. LITIGATION INVOLVING SECURITIES AND ECONOMIC LAWS 3. LITIGATION INVOLVING STATUTORY LAWS 4. LITIGATION INVOLVING CIVIL LAWS 5. LITIGATION INVOLVING LABOUR LAWS IV. NOTICES The Company has not received any notices except for the following: 1. On February 25, 2005 the Regional Officer of the Rajasthan Sate Pollution Control Board issued an on the spot notice to the Company during the inspection pointing certain operational deficiencies. The said notice required the company to reply the notice within a period of seven days. Reply: The Company vide its letter dated March 10, 2005, relied to the notice and stated all the deficiencies pointed in the said Notice have been duly complied with. The Company in its reply further elaborated the steps undertaken for complying with the above deficiencies. A letter no. RPCB/RO/BWD/OR-88/2030 dated 28.10.2005 received from the Rajasthan State Pollution Control Board in response of above said letter and confirm that there is no deficiences. However order from SR.Environmental Engineer, RPCB is yet to be received. 2. Notice dated 18 th September 2002 issued by Rajasthan State Pollution Control Board directing Company to submit Environmental Statement for the year 2000-2001. Reply: The Company has filed its reply to the said notice. However, there has been no response from State Pollution Control Board and no further action has taken place with respect to the said notice. V. MATERIAL DEVELOPMENTS SINCE LAST BALANCE SHEET DATE There are no material developments since the date of the last balance sheet which is August 31 st , 2005, except as stated in the chapter titled ‘Business over view’ on page [] of this prospctus. 107
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KAMDHENU ISPAT LIMITED DRAFT PROSPE
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DEFINITIONS AND ABBREVIATIONS Gener
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Abbreviations Abbreviation Full For
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RISK FACTORS An investment in equit
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mentioned under Class 1 to 42 cover
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(b) Any disruption/ discontinuance
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affect our operating results. We ar
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The central and state tax scheme in
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SUMMARY The following summary is qu
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THE ISSUE Equity Shares offered by
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of the Stabilisation Period allot,
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For the year ended August March Mar
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LEGAL ADVISOR TO THE ISSUE Luthra &
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2. Capital Buildup: The existing sh
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B. Promoter Group 1. Saurabh Agarwa
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Sl. Name of Date of Consid- No. of
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Sl. Name of Date of Consid- No. of
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7. The Pre-issue and Post-issue sha
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(b) Our top ten shareholders and sh
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OBJECTS OF THE ISSUE The proceeds f
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BASIS FOR ISSUE PRICE QUALITATIVE F
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STATEMENT OF TAX BENEFITS The Compa
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loss, such long -term capital loss
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Benefit available to Mutual Funds I
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Restrictions in external trade, bot
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to compete with the likes of China,
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III. Flat Products Flat products in
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· In China and other Asian countri
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BUSINESS OVERVIEW Kamdhenu Ispat Li
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PROCESS PROCESS FLOW CHART FOR PROD
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POWER The Company sources Power fro
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The sponge iron is one of the raw m
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We help them to get right people to
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23. A.S. CEMENT INDUSTRIES, Patiala
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PROPERTY A. Properties owned by the
Page 71 and 72: S No. 6. 7. 8. Date & Tenure Name &
Page 73 and 74: OUR INDEBTEDNESS Sr. No 1 Lender &
Page 75 and 76: Main Objects The main objects of th
Page 77 and 78: OUR MANAGEMENT As per the Articles
Page 79 and 80: C. MR. SUNIL KUMAR AGARWAL Designat
Page 81 and 82: Company Secretary Secretarial & Leg
Page 83 and 84: PROMOTERS OUR PROMOTERS MR. SATISH
Page 85 and 86: 2. and accessories, automobile part
Page 87 and 88: The Board of Directors Kamdhenu Isp
Page 89 and 90: Annexure - II Statement of Assets a
Page 91 and 92: 7 The company is manufacturing CTD/
Page 93 and 94: Annexure - VII Performance Ratios:
Page 95 and 96: Principal Terms of Sanctioned Loans
Page 97 and 98: Financial Statements of Group Compa
Page 99 and 100: The Board of Directors of the Compa
Page 101 and 102: List of Shareholders as on 30.9.200
Page 103 and 104: MANAGEMENT’S DISCUSSION AND ANALY
Page 105 and 106: DEPRECIATION Depreciation on fixed
Page 107 and 108: of excise duty was 8% thereafter up
Page 109 and 110: Administrative and Other Expenses W
Page 111 and 112: Cost Of Goods Traded In The company
Page 113 and 114: Information required as per clause
Page 115 and 116: SL. NO. 5 6 7 8 9 10 11 12 ASSESSME
Page 117 and 118: 3.2 CENTRAL EXCISE Commissioner of
Page 119 and 120: 4.2 M/s. Kamdhenu Ispat Limited vs.
Page 121: II Outstanding litigations involvin
Page 125 and 126: 11. The Company has obtained consen
Page 127 and 128: BEHALF AND TOWARDS THIS PURPOSE, TH
Page 129 and 130: Public Issue expenses are estimated
Page 131 and 132: ISSUE INFORMATION Terms of the Issu
Page 133 and 134: Applications by Hindu Undivided Fam
Page 135 and 136: Payment Instructions 1. Payments sh
Page 137 and 138: 5. Investors can contact the Compli
Page 139 and 140: for public subscription and the bal
Page 141 and 142: POWER TO MODIFY RIGHT 11. (i) If at
Page 143 and 144: without any deduction or allowance
Page 145 and 146: there be no such Chairman or if at
Page 147 and 148: 69. The Director shall not be requi
Page 149 and 150: fit and any such appointment may (i
Page 151 and 152: present and entitled to vote there
Page 153 and 154: MATERIAL CONTRACTS AND DOCUMENTS FO
Page 155: DECLARATION All the relevant provis
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KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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