KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

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Subsidiary Company NONE Companies in which Directors are interested M/s Raghuveer Metal Industries Ltd. M/s Kamdhenu Overseas (P) Ltd. M/s. Kamdhenu Industries Ltd. M/s. Kali Metals (P) Ltd. Relative of Key Managerial Personnel- Shri Sachin Agarwal Name of related party Nature of For the year ended Transaction August March March March March March 31, 2005 31, 2005 31, 2004 31, 2003 31, 2002 31, 2001 KMP Remuneration 9.23 17.68 12.06 12.00 10.65 9.60 KMP other than Directors Remuneration Co. in which director is 3.21 6.39 2.38 2.10 1.80 1.80 interested Co. in which director is Purchase of R/M 8.33 511.60 240.08 NA NA NA interested Annexure – XVI Investments: Long-term investments Sales of goods 5.38 — 8.11 —- —- —- For the year/period ended August March March March March March 31,2005 31, 2005 31, 2004 31, 2003 31, 2002 31, 2001 -Trade (Quoted) - - - - 9.93 9.93 -Trade (Unquoted) 144.10 0.10 2.00 2.00 2.00 2.00 -In subsidiary company (unquoted) - - - - - - Total Quoted investments 144.10 0.10 2.00 2.00 11.93 11.93 Ashiana Ispat Limited Book Value N.A. N.A. N.A. N.A. 9.93 9.93 Market value N.A. N.A. N.A. N.A. Not Not Annexure – XVII Published Published The Company had incurred expenditure on the Proposed Scheme for which public issue has been intended for upto 31.08.2005. Deployment of Funds Rs in Lacs Land & Site Development —— Buildings (Advance to contractors/suppliers) —— Plant, equipment and machinery —— Technology Fees —— Miscellaneous Fixed assets —— Advance against Public Issue Exps 2.60 Total Sources of Funds 2.60 Internal Accruals 2.60 Preference shares —— Secured Term loans —— Total Annexure – XVII 2.60 There have been no qualifications in the Audit report for the preceding five years. Annexure - XIX Changes in the Significant Accounting Policies The company has changed the accounting policy of charging the depreciation on fixed assets during the year ended on March 2004. The company has changed the method of deprecation from written down value method to straight line method on fixed assets. 80
Financial Statements of Group Companies 1. S.R. Ferro Alloys (Partnership) The partnership under the name and style of M/s S.R. Ferro Alloys came into existence vide Deed of Partnership dated January 26, 2005, entered into by Smt. Sujata Rout, Sri Sukanta Charan Rout and M/s Kamdhenu Ispat Limited who have agreed to be partners. The business of the Partnership is of mining of Iron Maganese Ore which is to be carried out at Rourkela, Orrisa. The Partnership may also undertake other business activities later on as may be mutually decided by the partners. The important terms and conditions of the Partnership Deed are: 1. It is a Partnership at will. 2. The Capital of the Partnership is Rs. 21,00,000/- which is contributed by the partners in the following manner: Name of the Partner Capital Contribution Smt Sujata Rout Rs. 40,000/- Sri Sukanta Charan Rout Rs. 60,000/- M/s Kamdhenu Ispat Limited Rs. 20,00,000/- 3. The profits and losses of the business are shared by the partners in the following ratio: Name of the Partner Profit Sharing Ratio Smt Sujata Rout 30% Sri Sukanta Charan Rout 30% M/s Kamdhenu Ispat Limited 40% 4. After the grant of the first mining lease, the firm will open a separate bank account for the operation of business of the said mining business for which M/s Kamdhenu Ispat Limited, represented by its signatories will operate the said account. 5. On grant of the mining lease, the same will be the property of the firm as constituted by the deed of partnership despite the fact that an application was made by earlier constituted firm constituting of two partners namely Smt Sujata Rout and Sri Sukanta Charan Rout. 6. The mining lease , if granted shall solely and exclusively belong to M/s Kamdhenu Ispat Limited on the dissolution/ retirement of an of the partners from the firm and the initial capital of the sum of Rs. 21,00,000/- shall be divided equally amongst the remaining partners on the retirement of an of the partners 7. Soon after the grant of first mining lease in favour of the firm, the deed of partnership will be reconstituted taking into consideration the terms and conditions of the mining lease. Further S.R. Ferro Alloys has entered into an agreement with the company as given below: Important terms of the Agreement dated January 26, 2005 between M/s S.R. Ferro Alloys (the miner ) and M/s Kamdhenu Ispat Limited (the consumer). 1. The miner will supply the entire materials raised from Ores/ Minerals in respect of which lease will be granted, to the consumer for the purpose of using, applying use thereof at the integrated steel plant being established by the consumer in state of Orrisa. At such price as mutually agreed to by the parties. If any delay occurs in operation or working of the said plant, consumer will be entitled to use said materials for its other plants. 2. The consumer will have no liberty to procure Iron and Manganese Ore from an third party unless the miner fails to meet the total requirement of the integrated steel plant of the consumer. 3. The agreement will remin in force for a minimum tenure of the lease to be granted in favour of the miner. After that, the miner and the consumer will have libert to continue with this agreement or terminate it on mutual consent. 81
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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
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: Principal Terms of Sanctioned Loans
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 and 122: II Outstanding litigations involvin
Page 123 and 124: Sales Tax ASSESSMENT YEAR PARTICULA
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
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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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