Annexure XIV Continued… - Edelweiss

Our Company’s distributable profits, dividend, net worth, net tangible assets and monetary assets derived from
the audited restated financial statements included in this Draft Red Herring Prospectus, as at and for the last
five years ended Fiscal 2010 are set forth below:
(In ` million)
Particulars Fiscal 2010 Fiscal 2009 Fiscal 2008 Fiscal 2007 Fiscal 2006
Distributable Profits (1) 1,580.52 2,326.09 651.97 599.35 692.45
Net Worth (2) 11,729.26 9,680.78 6,343.70 4,259.90 3,694.61
Net Tangible assets (3) 19,843.74 16,216.15 8,278.80 6,059.05 5,150.84
Monetary assets (4) 4,765.10 6,025.82 2,323.29 1,355.24 1,914.42
Monetary assets as a
percentage of the net
tangible assets (In %)
24.01 37.16 28.06 22.37 37.17
(1)
(2)
(3)
(4)
‘Distributable profits’ have been defined in terms of Section 205 of the Companies Act.
Net worth’ has been defined as the aggregate of share capital, share warrants, share application money and reserves &
surplus (including capital reserve & foreign exchange translation reserve), excluding miscellaneous expenditures, if
any.
‘Net tangible assets’ are defined as the sum of fixed assets (including capital work in progress and excluding
revaluation reserves if any), investments, current assets, loans and advances (excluding deferred tax assets) less
current liabilities and provision (excluding deferred tax liabilities and Secured / Unsecured loan), net of provision for
diminution in value.
‘Monetary assets’ include cash on hand, cheques in hand and balance with banks (including the deposits accounts) and
quoted investments.
In accordance with Regulation 26(4) of the ICDR Regulations, the Company shall ensure that the number of
prospective allottees to whom the Equity Shares will be allotted shall not be less than 1,000; otherwise the
entire application money will be refunded. In case of delay, if any, in refund beyond 15 days from the date of
closure of the Issue, the Company shall pay interest on the application money at the rate of 15% p.a. for the
period of delay.
This Issue is being made pursuant to Rule 19(2)(b) of the SCRR read with Regulation 41(1) of the ICDR
Regulations. The Company is eligible for the Issue in accordance with Regulation 26(1) of the ICDR
Regulations. Further, this Issue is being made through the Book Building Process wherein at least 50% of the
Net Issue shall be Allotted to QIBs on a proportionate basis out of which 5% of the QIB Portion (excluding the
Anchor Investor Portion, which shall be allocated on a discretionary basis) shall be available for allocation on
a proportionate basis to Mutual Funds only, and the remainder shall be available for allocation on a
proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the
Issue Price. Further, not less than 15% of the Net Issue will be available for allocation on a proportionate basis
to Non-Institutional Bidders and not less than 35% of the Net Issue will be available for allocation on a
proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue
Price. Our Company, in consultation with the Managers, may allocate up to 30% of the QIB Portion to the
Anchor Investors on a discretionary basis. One third of the Anchor Investor Portion shall be reserved for
allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or
above the price at which allocation is being done to other Anchor Investors. For further details, see section
titled “Issue Procedure” beginning on page 400 of this Draft Red Herring Prospectus.
Our Company is in compliance with the following conditions specified under Regulation 4(2) of the ICDR
Regulations:
(a) Our Company, our Directors, our Promoters, the members of our Promoter Group, the persons in control
of our Company and the companies with which our Directors, Promoters or persons in control are or were
associated as directors or promoters or persons in control have not been prohibited from accessing or
operating in the capital markets under any order or direction passed by SEBI;
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