FORM - APR

Annual Performance Report (APR) on the functioning of Indian Joint Venture (JV)/Wholly owned
Subsidiary (WOS) abroad for the year ended cc cc cccc(Accounting year of the JV/WOS)

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(Please read the instructions given in the Annexure before filling up this form)

PART A - GENERAL
1. RBI Approval Number/Date :	ccccccccccccccc cc cc cccc
2. Ministry of Commerce (GOI) Approval Number/Date (if any)	______________________________ cc cc cccc
3. Name and address of Indian (a) Name : Promotor Company (ies) (b) Address :	ccccccccccccccccccccccccc ccccccccccccccccccccccccc ccccccccccccccccccccccccc
4. Name and address of the (a) Name : JV/WOS: (b) Address :	ccccccccccccccccccccccccc ccccccccccccccccccccccccc ccccccccccccccccccccccccc
5. Date of (for the JV/WOS) (a) Incorporation       cc cc cccc (b) Commencement of cc cc cccc operations.	6. Name of the FC referred to in this form:________________________
7. (a) Line of activity : (i) Manufacturing     c     of the JV/WOS   (ii) Trading               c     (please tick the (iii) Financial services c appropriate box)(iv)Non-financial servicesc                       (v) Others                   c	(b) Brief details of the         _____________________ product manufactured/   _____________________ goods traded/services    _____________________ rendered by the JV/WOS _____________________         ccc             _____________________ (Code to be filled in by RBI) _____________________

PART - B FINANCIAL STRUCTURE

8. (a) Capital structure Of the JV/WOS:	Total amount approved				Actual amount held
	% of the total equity	FC	INR		% of the total equity	FC	INR
(i) Indian equity (ii) Foreign equity	ccc ccc	cccccc cccccc	cccccc cccccc		ccc ccc	cccccc cccccc	cccccc cccccc
(b) Equity structured of the JV/WOS:

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Name of Indian     promotors	Equity percentage	RBI holding licence (No. & date)	Names of the Foreign collaborators	Country to which they belong	Equity percentage
(i) (ii) (iii)

(c) Method of acquiring equity Shares by Indian promotors	Total amount approved		Actual amount acquired/held
	FC	INR	FC	INR
(i) Cash remittance (ii) Capitalisation of :- Export of plant and machinery/goods Technical know-how fees Royalty Engineering/Technical services fees Consultancy/Management fees Selling agency commission (iii) GDR/Foreign currency loans raised abroad (iv) Bonus shares (v) Other methods (         )                   Please specify                             Total :	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc

9. Position of terms/ working capital loans/guarantee: (Amount only in FC)	Total amount approved	Outstanding amount	Overdue amount
			Principal	Iterest	Total
(a) Term loans from : Indian promotors Banks/financial institutions (FIs) Others (           )       Please specify	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc
			_______________________________
(b) Working Capital loans from : (please see Items H of the Annexure) Indian promotors Banks/FIs Others (           )           Please specify	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc	cccccc cccccc cccccc
(c) Guarantee from	Total amount approved/extended	Total amount invoked/claimed	Date of invocation		Amount paid so far
Indian promotors Banks/FIs Others (         )           Please specify	cccccc cccccc cccccc	cccccc cccccc cccccc	cc cc cccc cc cc cccc cc cc cccc		cccccc cccccc cccccc

10.

Amount of foreign exchange released to the Indian promotor company(ies) on repatriation basis for different purposes: (Amount only in FC)
- (please see Item I of Annexure)

Sl.No.	Purpose	Date and amount of remittance		Amount repatriated so far
		Date	Amount
1. 2. 3.	............................. ............................. .............................	cc cc cccc cc cc cccc cc cc cccc	cccccc cccccc cccccc	cc cccc cc cccc cc cccc

PART C - PERFORMANCE PARAMETERS

11. Operational details of the JV/WOS For the year under report: (Amount only in FC)	Amount		Amount
(a) Installed capacity* Unit name Amount (000 omitted) (b) Capacity utilisation* (only %) (c) Gross sales/receipts (d) Operating cost (excluding depreciation & interest) (e) Depreciation (f) Interest	______________ cccccccc ccc cccccccc cccccccc cccccccc cccccccc	(g) Tax (h) Net profit (+)/Loss(-) (i) Dividend (j) Transfer to reserves (k) Free reserves & surplus (l) Accumulated losses (m) Net worth	cccccccc cccccccc cccccccc cccccccc cccccccc cccccccc cccccccc
*applicable to manufacturing concerns only:

12.

(a) Entitlements (E) & Repatriations (R) (net of taxes) by the JV/WOS: (Amount only in FC - INR equivalent to be given in brackets for repatriations only) (please see Item I of the Annexure)

Items	Year under report			Since commencement of business by JV/WOS			Total outstanding entitlements due for repatriation
	(E)	(R)		(E)	(R)
(i) Dividend (ii) Tech. know-how fees (iii) Royalty (iv) Engg./Tech. service fees (v) Consultancy/Mang. fees (vi) Selling agency commission (vii) Others (       ) Please specify Total:	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc	[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]	cccccc cccccc cccccc cccccc cccccc cccccc cccccc cccccc

(b)

Break-up of outstanding entitlements (Amount only in FC) - (please see Item J of the Annexure)

Accounting year for which outstanding ____________	Dividend __________	Technical know-how fees __________	Royalty __________	Engineering/ Technical service fees __________	Consultancy/ Management fees __________	Selling agency commission __________	Others (      ) Please specify __________
cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc	cccccc cccccc cccccc cccccc cccccc

13.

Position of non-equity exports to the JC/WOS:

(Amount only in INR)		Year under report	Since the commencement of Business by JV/WOS
(a) (b) (c) (d)	Projected value Value actually exported so far Values realised so far Value outstanding for realisation beyond 6 months	cccccccc cccccccc cccccccc cccccccc	cccccccc cccccccc cccccccc cccccccc

14.

If the performance of the JV/WOS has not been satisfactory. Indicate the principal reason(s) by ticking (ü) the appropriate box (es):

(a) (b) (c) (d)

Non-cooperation of foreign collaborator Liquidity problems Competition from importers Change in the law/policy of host country

: : : :

c c c c

(e) (f) (g) (h)

Management problems Obsolescence of technology Marketing problems Others (       )           Please specify

: : : :

c c c c

15.

A note on the basic features of the progress and achievements of the JV/WOS on the basis of original/revised projections should be attached to this APR (please see Item K of the Annexure before preparing the note.)

DECLARATION
We hereby declare that the information furnished in this report are true and correct to the best of our knowledge & belief.

Place : ccccccccccccccc Date : cc cc cccc	____________________________ (Signature of authorised official/person)
Seal/Stamp	Name : cccccccccccccccccc Designation : ccccccccccccccccc
Encls: 1. Note on functioning of the JV/WOS 3. Bank certificates in respects of repatriations :	2. Annual accounts alongwith Directors report for the year ended cc cc cccc 4.

ANNEXURE

INSTRUCTIONS FOR FILLING OF THE APR

(This portion should be detached and retained by the Indian promoter company submitting the APR)

A. (i) This form, duly filled in, should be submitted within 30 days of the expiry of the statutory period for the finalisation of the audited annual accounts applicable in the host country of the JV/WOS. A certificate indicating the statutory period from an independent Chartered Accountant / Public Accountant of the host country should be attached.

(ii) In case, there is no such statutory period, this form should be submitted within 6 months from the close of relevant accounting period.

(iii) In case there are more than one Indian promoter company, the principal promoter company has to submit the APR on behalf of all other promoter companies.

B. The Indian promoter company of the JV/WOS should submit this form in duplicate to the concerned Regional Office of Exchange Control Department of Reserve Bank of India and another copy to Ministry of Commerce, EP(OI) Section, Government of India, Udyog Bhavan, New Delhi - 110 011.

C. (i) All amounts of Foreign Currency (FC) and Indian Rupee (INR) should be rounded off to the nearest thousand and the same should be indicated after omitting 000, e.g. 10,499 and 10,500 should be shown as 10 and 11 respectively.

(ii) Capital letters should be used for filling up this form.

D. Additional sheets may be attached if the space available against a particular item is not sufficient.

E. Equivalent INR in respect of FC should be given as on the date of actual conversion.

F. Wherever boxes are provided in items requiring date, the first two boxes are meant for the date, next two for the month and next four for the year.

G. In respect of any item [excepting items 1,3(a) and 4(a)] if the contents have not undergone any change vis-à-vis the last APR, then indicate "NO CHANGE" in the relative boxes/against the particular item.

H. In item 9(b) if separate break up of overdue amount as principal and interest is not available then the total figure may only be indicated under "Total" column.

I. In respect of all repatriations [c.f. Items 10 and 12(a)] supporting bank certificates (in form BCI) should be enclosed. If such certificates have already been submitting along with the Annual Return of Foreign Currency Shares or otherwise the reference thereof should be cited.

J. The total of year-wise break-up of outstanding entitlements given under Item 12(b) should tally with total outstandings as indicated under Item 12(a).

K. The note as per Item 15 of the APR should include the following -

(i) In case of non-satisfactory performance of the JV/WOS, the reasons cited at Item 14 should be briefly explained along with the necessary corrective steps taken/proposed to be taken to bring about a turnaround.

(ii) The reasons for outstanding entitlements, if any, and the steps being taken to realise the same should be indicated.

(iii) The reasons for not meeting the target of non-equity exports, if any, and non-realisation of proceeds of such exports beyond 6 months, if any, should be explained.

(iv) The reasons for the overdue outstandings in term/working capital loan accounts, if any, and steps taken to square up the same should be furnished. The circumstances leading to invocation of guarantees and non-payment of claim, if any, should also be explained.

(v) In respect of JV/WOS set up abroad for attracting foreign investment into India, information on the amount of foreign investment brought into India vis-a-vis the projections made in the application in Form ODI should be highlighted & reasons for shortfall should be explained.

(vi) Any special feature which is of importance to the functioning of the JV/WOS including information/developments relating to disinvestment (partial or full), liquidation, etc. and does not figure elsewhere in this APR should also be highlighted.

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