KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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c. Expenditure on Lease Deposits and Miscellaneous Fixed Assets for Stock Yards: Total expenditure on Lease Deposits and Miscellaneous Fixed Assets for Stock Yards has been calculated on the basis of expected expenditure on Lease Deposits and Miscellaneous Fixed Assets at 9 places where stock yards are proposed to be set up. It is assumed that commercial operations at proposed Stock Yards at 9 different locations in the country will be operational from December 2005 in phases. The expected expenditure on Lease Deposits & Miscellaneous Fixed Assets for Stock Yards is as follows: Particulars 31st March, 2006 (Rs. in Lacs) Expenditure on Lease Deposits 24.00 Expenditure on Miscellaneous Fixed Assets 35.00 Total All the above projections are based on management estimate. 59.00 d. Expenses of this Issue: The expenses for this issue includes underwriting and management fees, selling commission, distribution expenses, legal fees, fees to advisors, stationery costs, advertising expenses and listing fees payable to the Stock Exchanges, among others. The total expenses for this Issue are estimated at Rs. 180 Lacs being, which will be paid by the Company. Particulars Amount (Rs. In Lakhs) Lead managers, Registrar fee and selling expenses 65.00 Advertising and Marketing Expenses 50.00 Printing and Stationery 25.00 Others( Listing fee, fee to Legal Advisors) 15.00 Miscellaneous 25.00 TOTAL Implementation Schedule 180.00 Activity Start Finish Acquisition of Land for stockyards Sep 2005 January 2006 Site Development Oct 2005 Februry 2006 Agreement with Franchisees Ongoing process — Commencement of Commercial Operations at stockyards December 2005 March 2006 Purchase/Setup of Corporate Office Funds Deployed: January 2006 April 2006 Actual expenditure incurred on the Objects as on August 31, 2005 is as follows: S. No. Purpose Amount (Rs. in Lacs) 1. Advance against Public Issue Expenses 2.60 Total 2.60 Sources of Financing of Funds already deployed: The deployment of funds were made from Internal accruals/ Promoters Contribution in the Issue of the Company The Yearwise breakup of proposed deployment of fund is mentioned hereunder: Amount in lacs Deployment of Funds Financial year 2005-2006 Already Incurred Quarter 3 Quarter 4 FY 2006-07 Total Working capital — 200.00 2688.15 — 2888.15 Expenses on lease deposit — 6.00 18.00 — 24.00 Expenses on miscellaneous fixed assets — 5.00 30.00 — 35.00 Issue expenses 2.60 22.40 155.00 — 180.00 Setting up of Corporate office — — 100.00 150.00 250.00 Total 3377.15 Interim Use of Funds: Pending utilization of funds as stated above, we intend to invest the proceeds of this issue in high quality, interest/ dividend bearing short term/ long term liquid instruments including deposits with banks for the necessary duration. These investments would be authorised by our Board or a duly authorised committee thereof. 24
BASIS FOR ISSUE PRICE QUALITATIVE FACTORS 1. We are manufacturers of CTD Steel Bars, TMT Steel Bars etc. 2. The market brand of the Company viz. “Kamdhenu” is a niche brand of the Industry. 3. Our products are available accross India through a chain of dedicated and loyal network of over 1,750 dealers, distributors and stockists build up over the last decade. 4. Our Company has been consistent profit making company for the last seven consecutive years. 5. Our products confirms to Bis Standard 1786: 1985 6. Our’s is a reinforcement bars manufacturing Company having ISO: 9001: 2000 Quality Management System, since 1997. 7. The Company is the Trade Name Licensee of the prestigious “TEMPCORE” Trademark for rebars, issued by Centre De Recherches Metallurgiques, BRUSSELS (Belgium). QUANTITATIVE FACTORS 1. Earning Per Share (EPS) of Equity Share having face value of Rs.10 each (as adjusted for changes in capital) Year EPS (Rs.) Weight FY 2002-2003 1.01 1 FY 2003-2004 4.52 2 FY 2004-2005 3.22 3 Weighted Average 3.28 Note: a. EPS calculations have been done in accordance with Accounting Standard 20 – “Earnings per share” issued by the Institute of Chartered Accountants of India. b. The weighted average of adjusted EPS for these fiscal years have been computed by giving weights of 1, 2 and 3 for the fiscal years ending March 31, 2003, 2004 and 2005 respectively. 2. Price/Earning (P/E) ratio in relation to Issue Price of Rs. 25 a. Based on year ended March 31, 2005, EPS of Rs.3.22 – P/E is 7.76 b. Industry P/E(We fall in Category of Secondary steel producers engaged in manufacture of Long Products). There is no other listed company engaged in manufacturing of long prouducts exclusively, hence Industry P/E ratio is not available) 3. Average Return on Net Worth (“RoNW”) Year RoNW (%) Weight FY 2002-2003 6.04 1 FY 2003-2004 18.47 2 FY 2004-2005 22.17 3 Weighted Average 18.24 Note: a. The average return on net worth has been computed on the basis of the adjusted profits and losses of the respective years drawn after considering the impact of accounting policy changes and material adjustments/ regroupings pertaining to earlier years. 4. Minimum Return on Increased Net Worth to maintain pre-issue EPS- [14.35% ] 5. Net Asset Value per share (“NAV”) a. NAV as on March 31, 2005 Rs. 14.51 b. Issue Price Rs. 25.00 c. NAV after the Issue : without considering Green Shoe Option- Rs. 22.43 With Green Shoe Option- Rs. 22.60 25
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 and 22: of the Stabilisation Period allot,
Page 23 and 24: For the year ended August March Mar
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: OBJECTS OF THE ISSUE The proceeds 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
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
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of excise duty was 8% thereafter up
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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
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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
Page 129 and 130:
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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