KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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8. Rights and Obligations of the Company (i) On expiry of the Stabilisation Period, if the Stabilising Agent buys the Equity Shares from the market, to issue the Equity Shares to the GSO Demat Account to the extent of Over Allotment Shares, which have not been bought from the market. (ii) If no Equity Shares are bought from the market, then to issue Equity Shares to GSO Demat Account to the entire extent of Over Allotment Shares. 9. Rights and obligations of the Green Shoe Lender (i) The Green Shoe Lender undertakes to execute and deliver all necessary documents and give all necessary instructions to procure that all rights, title and interest in the Loaned Shares shall pass to the Stabilising Agent/ GSO Demat Account free from all liens, charges and encumbrances. (ii) Upon receipt of instructions from the Stabilising Agent on or prior to Bid/ Issue Closing Date, to transfer the Loaned Shares to the GSO Demat Account. (iii) The Green Shoe Lender will not recall or create any lien or encumbrance on the Loaned Shares until the completion of the settlement under the stabilisation. 10. Fees and Expenses (i) The Company shall pay to Green Shoe Lender a fee of Re. [] (ii) The Company will pay the Stabilising Agent a fee of Rs. [] plus service tax for providing the stabilising services. SUMMARY FINANCIAL AND OPERATING INFORMATION The following summary financial and operating information is derived from our restated financial statements as of March 31, 2001, 2002, 2003, 2004 and 2005 and the five-month period ended August 31, 2005 , as described in the Auditors Report in the section titled “Financial Statements” appearing on page [] of this Prospectus These financial statements have been prepared in accordance with Indian GAAP, the Companies Act, 1956 and have been restated as required under the SEBI Guidelines. The summary financial and operating information presented below should be read in conjunction with the financial statements, the notes thereto included in the sections titled “Financial Statements” and the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” beginning on pages [] and [], respectively, of this Draft Prospectus. Summary of Restated Profit and Loss Account Statement of Profit & Loss Account (As Restated) (Rs in lac) Particulars For the year ended August March March March March March 31,2005 31, 2005 31, 2004 31, 2003 31, 2002 31, 2001 INCOME SALES Of Products Manufactured by the Company 5239.22 9702.50 7011.57 5133.76 4467.65 3845.95 Of products Traded by the Company 330.53 2926.60 1346.56 181.99 166.29 6.00 Increase/ (Decrease) in stocks 33.52 (4.38) (180.70) 156.39 49.27 83.82 Other Income 134.17 116.90 55.22 199.53 194.94 239.78 Total EXPENDITURE 5737.45 12741.62 8232.65 5671.67 4878.15 4175.55 Material Consumed 3693.13 6680.85 4935.33 3791.67 3253.71 2836.35 Cost of goods traded in 306.82 2802.53 1225.34 153.82 165.53 - Manufacturing Expenses 707.51 1559.54 655.00 610.56 515.98 501.34 Personnel Expenses 32.97 96.24 46.48 49.73 47.64 42.95 Other Operating Expenses 94.15 252.01 265.54 181.31 103.24 99.29 Excise Duty 720.56 956.97 831.37 768.90 689.18 601.24 Misc.and Deferred Revenue Exp. W/Off - 1.11 1.11 0.69 0.69 0.69 Total 5555.14 12349.25 7960.17 5556.68 4775.97 4081.86 * Other Income includes Royalties received from Franchisee units for permitted use of “Kamathenu” Brand. 6
For the year ended August March March March March March 31,2005 31, 2005 31, 2004 31, 2003 31, 2002 31, 2001 Profit before Interest, Depreciation and Tax 182.31 392.37 272.48 114.99 102.18 93.69 Depreciation 29.12 69.95 55.70 51.27 48.73 38.02 Profit before Interest and Tax 153.19 322.42 216.78 63.72 53.45 55.67 Interest & Finance Charges 20.60 59.32 34.27 23.88 24.36 28.74 Loss on sale of Investment/Assets - - 2.29 - 1.08 - Net Profit Before Tax 132.59 263.10 180.22 39.84 28.01 26.93 Provision For Taxation Current Tax 46.08 87.54 52.19 10.57 1.08 1.32 Deferred Tax (1.45) 4.37 13.52 6.58 - - Net Profit After Tax 87.96 171.19 114.51 22.69 26.93 25.61 Prior Period adjustment - 1.94 0.84 56.73 11.06 — Net profit after tax after adjusting prior period item 87.96 173.13 115.35 (34.04) 15.87 25.61 Restated Statement of Assets and Liabilities Particulars August March March March March March 31,2005 31, 2005 31, 2004 31, 2003 31, 2002 31,2001 A FIXED ASSETS Gross Block 1056.79 967.80 882.50 708.02 687.89 575.53 Less: Depreciation 317.85 288.65 237.64 235.85 191.44 137.68 Net Block 738.94 679.15 644.86 472.17 496.45 437.85 Less : Revaluation Reserve - - - - - - Net Block after adjustment for Revaluation Reserve 738.94 679.15 644.86 472.17 496.45 437.85 Capital Work in Progress 10.87 11.80 - 9.15 - - Total Fixed Assets (A) 749.81 690.95 644.86 481.32 496.45 437.85 B INVESTMENTS (B) 144.10 0.10 2.00 2.00 11.93 11.93 C CURRENT ASSETS, LOANS AND ADVANCES Inventories 497.49 575.63 341.53 557.47 251.27 251.46 Sundry Debtors 1091.78 1338.76 591.30 536.67 376.06 616.44 Cash and bank Balance 31.94 103.13 84.15 101.80 101.24 70.70 Loans and Advance 390.60 323.16 192.45 129.02 99.05 110.54 Total (C ) 2155.81 2340.68 1209.43 1324.96 827.62 1049.14 D LIABILITIES ANDPROVISIONS Secured Loans 335.39 388.99 340.22 253.63 101.89 215.31 Unsecured Loans 291.92 280.61 82.45 82.48 87.52 152.9 Current Liabilities &Provision 1135.36 1286.11 736.94 932.63 643.46 714.74 Deferred Tax liability 79.75 81.20 76.83 63.31 - - Total (D) 1842.42 2036.91 1236.44 1332.05 832.87 1083.01 E Share App. Money - 222.76 - 100.70 144.25 73.59 F NET WORTH (A+B+C-D-E) 1063.30 772.06 619.85 375.53 358.88 342.32 F REPRESENTED BY: Share Capital 621.10 532.00 380.00 250.03 200.04 200.04 Total Reserves and Surplus 484.96 263.33 242.21 126.88 160.92 145.05 Less Revaluation Reserves - - - - - - Net Reserve and Surplus 484.96 263.33 242.21 126.88 160.92 145.05 Miscellaneous Expenditure 42.76 23.28 2.38 1.38 2.08 2.77 NET WORTH 1063.30 772.06 619.85 375.53 358.88 342.32 7
Page 1 and 2: KAMDHENU ISPAT LIMITED DRAFT PROSPE
Page 3 and 4: DEFINITIONS AND ABBREVIATIONS Gener
Page 5 and 6: Abbreviations Abbreviation Full For
Page 7 and 8: RISK FACTORS An investment in equit
Page 9 and 10: mentioned under Class 1 to 42 cover
Page 11 and 12: (b) Any disruption/ discontinuance
Page 13 and 14: affect our operating results. We ar
Page 15 and 16: The central and state tax scheme in
Page 17 and 18: SUMMARY The following summary is qu
Page 19 and 20: THE ISSUE Equity Shares offered by
Page 21: of the Stabilisation Period allot,
Page 25 and 26: LEGAL ADVISOR TO THE ISSUE Luthra &
Page 27 and 28: 2. Capital Buildup: The existing sh
Page 29 and 30: B. Promoter Group 1. Saurabh Agarwa
Page 31 and 32: Sl. Name of Date of Consid- No. of
Page 33 and 34: Sl. Name of Date of Consid- No. of
Page 35 and 36: 7. The Pre-issue and Post-issue sha
Page 37 and 38: (b) Our top ten shareholders and sh
Page 39 and 40: OBJECTS OF THE ISSUE The proceeds f
Page 41 and 42: BASIS FOR ISSUE PRICE QUALITATIVE F
Page 43 and 44: STATEMENT OF TAX BENEFITS The Compa
Page 45 and 46: loss, such long -term capital loss
Page 47 and 48: Benefit available to Mutual Funds I
Page 49 and 50: Restrictions in external trade, bot
Page 51 and 52: to compete with the likes of China,
Page 53 and 54: III. Flat Products Flat products in
Page 55 and 56: · In China and other Asian countri
Page 57 and 58: BUSINESS OVERVIEW Kamdhenu Ispat Li
Page 59 and 60: PROCESS PROCESS FLOW CHART FOR PROD
Page 61 and 62: POWER The Company sources Power fro
Page 63 and 64: The sponge iron is one of the raw m
Page 65 and 66: We help them to get right people to
Page 67 and 68: 23. A.S. CEMENT INDUSTRIES, Patiala
Page 69 and 70: 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
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OUR MANAGEMENT As per the Articles
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C. MR. SUNIL KUMAR AGARWAL Designat
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Company Secretary Secretarial & Leg
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PROMOTERS OUR PROMOTERS MR. SATISH
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2. and accessories, automobile part
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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/
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Annexure - VII Performance Ratios:
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Principal Terms of Sanctioned Loans
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Financial Statements of Group Compa
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The Board of Directors of the Compa
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List of Shareholders as on 30.9.200
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MANAGEMENT’S DISCUSSION AND ANALY
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DEPRECIATION Depreciation on fixed
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of excise duty was 8% thereafter up
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Administrative and Other Expenses W
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Cost Of Goods Traded In The company
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Information required as per clause
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SL. NO. 5 6 7 8 9 10 11 12 ASSESSME
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3.2 CENTRAL EXCISE Commissioner of
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4.2 M/s. Kamdhenu Ispat Limited vs.
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II Outstanding litigations involvin
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Sales Tax ASSESSMENT YEAR PARTICULA
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11. The Company has obtained consen
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BEHALF AND TOWARDS THIS PURPOSE, TH
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Public Issue expenses are estimated
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ISSUE INFORMATION Terms of the Issu
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Applications by Hindu Undivided Fam
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Payment Instructions 1. Payments sh
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5. Investors can contact the Compli
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for public subscription and the bal
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POWER TO MODIFY RIGHT 11. (i) If at
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without any deduction or allowance
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there be no such Chairman or if at
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69. The Director shall not be requi
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fit and any such appointment may (i
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present and entitled to vote there
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MATERIAL CONTRACTS AND DOCUMENTS FO
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DECLARATION All the relevant provis
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KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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