Prominent Notes: - Securities and Exchange Board of India

More documents

Recommendations

Info

Abbreviation Full Form GoI / Government Government of India HNI High Net Worth Individual HUF Hindu Undivided Family ICAI Institute of Chartered Accountants of India INR Indian National Rupee IPO Initial Public Offering IT Act Income Tax Act, 1961, as amended Ltd. Limited MAPIN Market Participant and Investor Database Merchant Banker Merchant banker as defined under the Securities and Exchange Board of India (Merchant Bankers) Regulation, 1992 NAV Net Asset Value NEFT National Electronic Fund Transfer NR Non-Resident NRE Account Non Resident (External) Account NRI Non-Resident Indian NRO Account Non Resident (Ordinary) Account NSDL National Securities Depository Limited NSE The National Stock Exchange of India Limited OCB Overseas Corporate Body P/E Ratio Price / Earnings Ratio PAN Permanent Account Number PAT Profit After Tax PBT Profit Before Tax RBI The Reserve Bank of India RoNW Return on Net Worth ` Indian Rupees RTGS Real Time Gross Settlement SCRA Securities Contracts (Regulation) Act, 1956, as amended from time to time SCRR Securities Contracts (Regulation) Rules, 1957, as amended from time to time SCSB Self Certified Syndicate Bank SPV Special Purpose Vehicle TAN Tax Deduction Account Number TIN Taxpayers Identification Number TRS Transaction Registration Slip UoI Union of India WDV Written Down Value w.e.f With effect from X
SECTION II - GENERAL PRESENTATION OF FINANCIAL INFORMATION AND USE OF MARKET DATA Financial Data Unless stated otherwise, the financial information used in the Prospectus is derived from our ��8, 2009, 2010 and period ended December 2010 prepared in accordance with Indian GAAP and the Companies Act and restated in accordance with SEBI (ICDR) Regulations, 2009, as stated in the report of our Auditors, M/s Shah & Bhandari, Chartered Accountants, on page no.124 of the Prospectus. Our Financial Year commences on April 1 and ends on March 31 of the ensuing calendar year. Unless stated otherwise, references herein to a Financial Year (e.g., Financial Year 2009), are to the Financial Year ended March 31 of that particular year. In the Prospectus, any discrepancies in any table between the total and the sum of the amounts listed are due to rounding-off. There are significant differences between Indian GAAP and U.S. GAAP; accordingly, the degree to which the Indian GAAP financial statements included in the Prospectus will provide meaningful �� Indian GAAP, Companies Act and SEBI (ICDR) Regulations, 2009. Any reliance by persons not familiar with Indian accounting practices on the financial disclosures presented in the Prospectus should accordingly be limited. Our Company has not attempted to explain these differences or quantify their impact on the financial data included herein, and we urge you to consult your own advisors regarding such differences and their impact on financial data. Market and Industry Data Unless stated otherwise, industry data used throughout the Prospectus has been obtained or derived from industry publications and/or publicly available government documents. Industry publications or publicly available government documents generally state that the information contained therein has been obtained from sources believed to be reliable but that their accuracy and completeness are not guaranteed and their reliability cannot be assured. Accordingly, no investment decisions should be made based on such information. Although our Company believes that industry data used in the Red Herring Prospectus is reliable, it has not been verified by us or any other person connected with the Issue. XI
Page 1 and 2: SANGHVI FORGING AND ENGINEERING LIM
Page 3 and 4: ISSUER RELATED TERMS SECTION I - DE
Page 5 and 6: Term Description during the Bidding
Page 7 and 8: Term Description Issue / The Issue
Page 9 and 10: Term Description Retail Portion The
Page 11: PNGRB Petroleum and Natural Gas Reg
Page 15 and 16: SECTION III - RISK FACTORS An inves
Page 17 and 18: As per our financial statements on
Page 19 and 20: adversely affect our financial posi
Page 21 and 22: 21. Our existing manufacturing faci
Page 23 and 24: qualifications have been given effe
Page 25 and 26: 39. The Trademark registration in r
Page 27 and 28: isk of disruption of services provi
Page 29 and 30: 56. Any future issuance of Equity S
Page 31 and 32: information relating to the Issue,
Page 33 and 34: Indian Forging Industry The Indian
Page 35 and 36: BUSINESS We are manufacturer and ex
Page 37 and 38: SUMMARY OF FINANCIAL INFORMATION CO
Page 39 and 40: STANDALONE STATEMENT OF ASSETS AND
Page 41 and 42: THE ISSUE Issue by our Company 4341
Page 43 and 44: COMPANY SECRETARY AND COMPLIANCE OF
Page 45 and 46: 3. Khandwala Securities Limited Gro
Page 47 and 48: � Finalisation of one to one meet
Page 49 and 50: Bidders can bid at any price within
Page 51 and 52: After the determination of the Issu
Page 53 and 54: Details of increase in Authorised S
Page 55 and 56: Date of the allotment February 24,
Page 57 and 58: March 1, 1991 June 27, 1991 March 2
Page 59 and 60: MR.NARESH SANGHVI March 1991 1, 150
Page 61 and 62: Further, pursuant to Regulation 40
Page 63 and 64:
No. of Equity Shares Pre- Issue Pos
Page 65 and 66:
after listing of the Equity Shares
Page 67 and 68:
SECTION V - OBJECTS OF THE ISSUE OB
Page 69 and 70:
Security: I. Primary Security: Natu
Page 71 and 72:
annual review Personal Guarantee Sh
Page 73 and 74:
The project is to set-up a manufact
Page 75 and 76:
Machining Shop equipment 1 CNC Lath
Page 77 and 78:
Margin for working Capital Commerci
Page 79 and 80:
BASIS FOR ISSUE PRICE The Issue Pri
Page 81 and 82:
Minimum return on total Net worth a
Page 83 and 84:
To, The Board of Directors, Sanghvi
Page 85 and 86:
If the Company invests in the equit
Page 87 and 88:
(e) from any local authority as def
Page 89 and 90:
Short term capital loss suffered du
Page 91 and 92:
3. Benefit under Section 90(2): Pro
Page 93 and 94:
SECTION VI - ABOUT US INDUSTRY OVER
Page 95 and 96:
cater mainly to job work and the re
Page 97 and 98:
Global refinery scenario particular
Page 99 and 100:
Power 5. Valve Bodies 6. Wellhead f
Page 101 and 102:
3. Shafts for Electrical Motors 4.
Page 103 and 104:
in world's aviation market from 12t
Page 105 and 106:
Our Business BUSINESS OVERVIEW We a
Page 107 and 108:
Instrumentation Forgings Open and C
Page 109 and 110:
various suppliers are undertaken to
Page 111 and 112:
help us to sharpen our focus on our
Page 113 and 114:
Forging We have facility for open a
Page 115 and 116:
Sr. No. Strategic and financial par
Page 117 and 118:
9 Plot no. 1401, 1402, 1403 situate
Page 119 and 120:
connected to Vadodara by road, whic
Page 121 and 122:
Water: Water is used mainly for equ
Page 123 and 124:
Industry Application of the forging
Page 125 and 126:
Capacity & Capacity utilization The
Page 127 and 128:
Industrial Disputes Act, 1947 �
Page 129 and 130:
Intellectual Property in India enjo
Page 131 and 132:
Number of Shareholders/ Members As
Page 133 and 134:
4) Mr. Naresh Babulal Sanghvi S/o M
Page 135 and 136:
Brief Profile of the Directors Mr.
Page 137 and 138:
(iii) Club membership fees subject
Page 139 and 140:
4 Mr. Naresh Babulal Sanghvi Direct
Page 141 and 142:
3. To monitor the resolution of all
Page 143 and 144:
5. Mr. Bipin kumar J Shah 6. Mr. Al
Page 145 and 146:
OUR SUBSIDIARY Our Company has one
Page 147 and 148:
We confirm that the permanent accou
Page 149 and 150:
(m) Bhansali Industrial Investment
Page 151 and 152:
engineer , metallurgist, stockiest,
Page 153 and 154:
CURRENCY OF PRESENTATION In this
Page 155 and 156:
The Board of Directors, Sanghvi For
Page 157 and 158:
ANNEXURE-I STATEMENT OF ASSETS AND
Page 159 and 160:
STATEMENT ON ADJUSTMENTS TO AUDITED
Page 161 and 162:
For the purpose of the restated sum
Page 163 and 164:
B. Notes to Accounts ( a ) Earnings
Page 165 and 166:
( e ) Raw Material Consumption ( i
Page 167 and 168:
( m ) Estimated amount of Contracts
Page 169 and 170:
Reconciliation of plan assets Plan
Page 171 and 172:
C. Cash Flow From Financing Activit
Page 173 and 174:
2. 229,48,949 Equity Shares issued
Page 175 and 176:
Timing Differences Difference betwe
Page 177 and 178:
ANNEXURE XIII Detail of Contingent
Page 179 and 180:
State Bank of India State Bank of I
Page 181 and 182:
Sanghvi Sanghvi Sanghvi Sanghvi San
Page 183 and 184:
Mr Vikram B. Sanghvi Relative of Ke
Page 185 and 186:
Naresh Sanghvi (HUF) Gautam Pipelin
Page 187 and 188:
Ms BhamriDevi Sanghvi Ms Meena J. S
Page 189 and 190:
Sanghvi Middle East (FZE) Related P
Page 191 and 192:
Mr Vikram Sanghvi Babulal Sanghvi (
Page 193 and 194:
ANNEXURE XVII Details of Power Gene
Page 195 and 196:
III. (a) In our opinion the financi
Page 197 and 198:
ANNEXURE-II CONSOLIDATED STATEMENT
Page 199 and 200:
NOTES TO STATEMENT ON ADJUSTMENTS T
Page 201 and 202:
IV. Use of Estimates The presentati
Page 203 and 204:
B . Notes to Accounts ( a ) Earning
Page 205 and 206:
( e ) Raw Material Consumption ( i
Page 207 and 208:
( l ) Dividend Paid Particulars 200
Page 209 and 210:
Expense recognised in the Profit an
Page 211 and 212:
B. From Operating Activities Cash F
Page 213 and 214:
Net Assets Value per Share Net Wort
Page 215 and 216:
Note 1: Other Income given above ha
Page 217 and 218:
Details of unsecured loans outstand
Page 219 and 220:
ICICI Bank 0.27 - - - - - HDFC Bank
Page 221 and 222:
Details of Secured Working Capital
Page 223 and 224:
Party Transactio n Mr Babulal S. Ke
Page 225 and 226:
Naresh Sanghvi ( HUF) Vikram Sanghv
Page 227 and 228:
Ms Meena J. Sanghvi Ms Kiran N. San
Page 229 and 230:
Related Party Jayanti Sanghvi ( HUF
Page 231 and 232:
Gautam Pipeline Product ( Gautam In
Page 233 and 234:
Jayanti Sanghvi ( HUF) Naresh Sangh
Page 235 and 236:
Pvt. Ltd. Significa nt Influenc e o
Page 237 and 238:
��
Page 239 and 240:
The power and oil & gas sector is w
Page 241 and 242:
Other Income 79.36 3.32 96.88 3.28
Page 243 and 244:
Depreciation and Amortization The e
Page 245 and 246:
Other Income The other income for o
Page 247 and 248:
FINANCIAL INDEBTEDNESS A. Secured b
Page 249 and 250:
Sanction Letter dated December 23,
Page 251 and 252:
a. Prepayment Penalty: Incase the C
Page 253 and 254:
iv) A notice dated August 25, 2009
Page 255 and 256:
��
Page 257 and 258:
Nil Miscellaneous Our Company allot
Page 259 and 260:
5. Service Tax Registration (Goods
Page 261 and 262:
(iii) Other Approvals Sr. No. Autho
Page 263 and 264:
d) Our Company shall ensure that th
Page 265 and 266:
ARE FAIR AND ADEQUATE TO ENABLE THE
Page 267 and 268:
��
Page 269 and 270:
There are no listed ventures of our
Page 271 and 272:
Since trading of our Equity Shares
Page 273 and 274:
ISSUE STRUCTURE The present Issue c
Page 275 and 276:
ISSUE PROCEDURE This section applie
Page 277 and 278:
Participation by associates and aff
Page 279 and 280:
case of revision of Bids, the Retai
Page 281 and 282:
(l) The Bid Amount shall remain blo
Page 283 and 284:
other Insurance companies Foreign I
Page 285 and 286:
g) The Company in consultation with
Page 287 and 288:
(g) Do not Bid for a Bid Amount exc
Page 289 and 290:
There is no reservation for Eligibl
Page 291 and 292:
Submission of Bid-cum-Application F
Page 293 and 294:
In case no corresponding record is
Page 295 and 296:
3. RTGS � Applicants having a ban
Page 297 and 298:
(a) In the first instance allocatio
Page 299 and 300:
subscription ratio, in that categor
Page 301 and 302:
RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 303 and 304:
PROVIDED THAT the Directors may dec
Page 305 and 306:
from the date named for payment as
Page 307 and 308:
Share at the disposal of the Direct
Page 309 and 310:
of such shares and the Company shal
Page 311 and 312:
Sums deemed to be calls 35. Any sum
Page 313 and 314:
Form of Notice (b) The notice shall
Page 315 and 316:
objection is made by the transferee
Page 317 and 318:
Transfer books and Register of memb
Page 319 and 320:
Transfer by joint holders (b) In th
Page 321 and 322:
The expression ��
Page 323 and 324:
shall have been converted into stoc
Page 325 and 326:
(ii) to the persons entitled to a s
Page 327 and 328:
Form of Proxy (e) Every instrument
Page 329 and 330:
Casting Vote 115. In the case of an
Page 331 and 332:
Appointment of Senior Executive as
Page 333 and 334:
Qualification of Director 137. A Di
Page 335 and 336:
(i) in the notice of the resolution
Page 337 and 338:
(d) Every consent of the Board requ
Page 339 and 340:
may delegate all or any of their po
Page 341 and 342:
(b) Nothing contained in sub-clause
Page 343 and 344:
To authorise acceptances (xviii) To
Page 345 and 346:
made exercisable for such period or
Page 347 and 348:
dividend in respect of his share(s)
Page 349 and 350:
(i) all sums of money received and
Page 351 and 352:
Appointment and qualifications of a
Page 353 and 354:
(1) in the case of a Notice of a me
Page 355 and 356:
pense happening to the Company thro
Page 357:
15. Fresh Certificate of Incorporat
show all

Prominent Notes: - Securities and Exchange Board of India

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?