The holding of the depositary receipts in the hands of non-resident investors and the holding of the underlying shares by the Overseas Depositary Bank in a fiduciary capacity and the transfer of the Global Depositary Receipts between non-resident investors and the Overseas Depositary Bank shall be exempt from wealth-tax under the Wealth-tax Act, 1957 (27 of 1957), and from gift-tax under the Gift-tax Act, 1958 (18 of 1958).

Additional information to be filed by companies applying for
permission to float Global Issues

1. Name of the company and address for communication :

2. Existing business :

3. Profile on proposed expansion/Diversification project with break-up requirements of rupee and F.E. Components :

4. Existing resources :

	Year ending in				Year ending in
Equity	March			Debt	March
	1993	1992	1991		1993	1992	1991

(i)	Authorised capital		(i)	Secured loans :
(ii)	Issued and paid-up capital			(a)	Banks and FIs.
(iii)	Reserves and surplus :			(b)	Debentures
	(a)	General reserve		(c)	Other loans
	(b)	Development	(ii)	Unsecured loans
		rebate reserve		Deposits and loans
	(c)	Investment		Deferred Liabilities
		allowance reserve
	(d)	Capital reserve	(iii)	Current liabilities over drafts from banks
	(e)	Other reserves		and other short-term borrowings.
5.	Fixed assets
I.	(i)	Gross block
	(ii)	Additions and accretions
		during the year
	(iii)	Depreciation
	(iv)	Net block

II.	Work-in-progress		Year ending in March
			1993	1992	1991
6.	(i)	Sales and other income
	(ii)	Operating expenses
	(iii)	Interest on loans
	(iv)	Profit before depreciation
	(v)	Depreciation
	(vi)	Profit before tax
	(vii)	Provision for taxation
	(viii)	Profit before appropriations
	(ix)	Dividend and other appropriations
	(x)	Profit transferred to general reserves

7. Capacity and utilisation

Products

Year

Units

Installed

capacity P.A.

Production

during

the year

Capacity

utilisation

percentage

Financial results and management ratios

Year ending in March

(i)

Net worth

1993

1992

1991

(ii)

Capital employed

(iii)

Capital-turnover ratio

(iv)

Equity-debt ratio (long-term)

(v)

Profitability

(a)

Profit margin

Net profit	× 100 = percentage
Income

(b)

Return on equity

Net profit	× 100 = percentage
Equity

(c)

Return on net worth

Net profit	× 100 = percentage
Net Worth

(d)

Return on total investment

Net profit	× 100 = percentage
Total Investment

(e)

Return on total capital employed

Net profit	× 100 = percentage
Resources

(vi)

Liquidity ratio

Current ratio =	Current assets
	Current liabilities

(vii)

Revenue per worker

for the year =	Income
	Total employment

Statutory liabilities

(Disputed and otherwise) and defaults

10.

Defaults in respect of interest/instalments to loans from banks/financial institutions

11.

Exports and imports :

(a)

Free on board value exports

(b)

Exported to (Countries)

(c)

Imports

(i)

Capital equipment

(ii)

Materials, components, consumables

(d)

Other foreign currency expenditure

(e)

Foreign debt liabilities

12.

Salient features of the prospective corporate plans and diversification proposals with special reference to foreign exchange requirements.

Format of approval for finalising the issue structure

F. No.

Government of India

Ministry of Finance, Department of Economic Affairs

(Investment Division)

New Delhi

Dated the...........................

M/s.

Subject : Your application for a GDR/ADR/IDR issue for an amount of...........................

Dear Sir,

I am directed to refer to your letter No......................dated........................on the subject mentioned above and to convey Government of India’s approval “in principle” to the mobilisation of foreign currency resources equivalent to....................through issue of GDR/ADR/IDRs to cover the Foreign Currency needs for your........................ projects and other related corporate needs.

2. The approval is subject to the understanding that the foreign currency resources raised through the proposed issue should be mandatorily remitted to India immediately after the issue.

3. This approval is valid for a period of six months from the date of issue of this letter.

4. You are now requested to finalise the detailed parameters of the proposed GDR/ADR/IDRs offering for consideration and final approval by the Government of India.

Yours faithfully

Director (Foreign investments)

Tel :

Indicative items of final approval for Foreign Currency Convertible Bond issues

Issuer

Lead Manager

Co. Lead Manager(s)

Principal amount

Currency

Issue price (and premium, if any)

Coupon (and payment dates)

Conversion premium

Maturity

Listing of bonds

Optional redemption by issuer (Call)

Optional redemption by investor (Put)

Form and denomination Status

Cross default provisions

Negative pledge provisions

Taxation

Commissions

Reimbursible expenses

Governing laws

Indicative items in the final approval for Euro-Equity Issues through GDR Mechanism

Issuer

Lead Manager

Co. Lead Manager(s)

Overseas Depositary Institution

Indian Custodian

Issue structure and denomination (No. of underlying shares represented by the GDRs).

Issue amount (Principal amount)

Greenshoe Option (Additional amount in percentage terms which may be retained if offered) warrants attached, if any

Currency of Issue

G.D.R. Listing

Underlying shares listing

Standstill period (No further equity shares, or interests in equity shares, for a specified time period from the date of issue)

Trading provision

Settlement provisions

Selling commission

Underwriting commission and management fees

Legal expenses, printing expenses, Depositary fees, and other out of pocket expenses.

Taxation

Governing laws.

Notification : No. G.S.R. 700(E), dated 12-11-1993.

Year ending in

Year ending in

Debentures

Capital reserve

Year ending in March

Income

Equity

Net Worth

Total Investment

Resources

Current ratio =

for the year =

(Disputed and otherwise) and defaults

New Delhi