RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

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Fermentation 1 st Stage C 12 H 22 O 11 + H 2 O Invertase Enzyme 2 C 6 H 12 O 6 2 nd Stage In Yeast 2 C 6 H 12 O 6 Zymase Enzyme 4 C 2 H 5 OH + 4 CO 2 Distillation In Yeast (Ethyl Alcohol) (Carbon Dioxide) During fermentation 8 to 9% alcohol is formed in distillation wash, which is taken for distillation in the distillation column to recover the alcohol. Fermentated wash is fed to Analyzer column from the top and steam is supplied from the bottom. Alcohol vapour rises up in the analyzer and is fed in to the Rectifier column. In the Rectifier Column, fractional distillation takes place and alcohol vapour passes through beer heater, first condenser and then to vent condenser. Condensate from all the above three columns is again fed to rectifier top and drawn as Ethyl Alcohol or Rectified of 94.5% v/v (Volume by Volume). Rectified Spirit is then stored in receiver room in various tanks and then transferred to storage tanks/vats called warehouse in state excise parlance. Rectified Spirit can then be sold to various other distilleries/bottling plants as raw material to manufacture bottled liquor. Rectified Spirit is also used for manufacture of Country Liquor in the Company’s own distillery after reducing its strength from 94.5% and by adding DM Water, Essence, and Caramel in the blending room. It is then taken to bottling vats in the bottling hall for manufacture of Country Liquor. E.N.A. (Extra Neutral Alcohol) Rectified Spirit contains impurities like aldehydes, esters, higher alcohols that are not good for making quality potable alcohol for high grade liquor products like Whisky, Gin, Rum etc. Rectified Spirit is therefore re-distilled with DM (De-mineralized water) and passed through purification column, then rectifier column, condensers etc. All these equipments constitute Extra Neutral Alcohol plant. Higher alcohols and all other impurities get separated at various temperatures and pure ENA is collected separately and taken to storage vats. ENA can be sold to other distilleries and bottling plants for making quality alcoholic products like Whisky, Gin, Rum etc. In the Company’s distillery, ENA is used for bottling well known brands of Indian Made Foreign Liquor (IMFL) through its tie-up arrangement with reputed manufacturers. Spent Wash 1 st Stage (Primary Methanisation) It is the dark brown carboned liquid containing nitrogenous compound, potassium, magnesium, sulphates etc. obtained as waste product after obtaining Rectified Spirit. Its BOD (Biological Oxygen Demand) is about 40,000 mg/ltr. & COD (Chemical Oxygen Demand) about 1,00,000 mg/ltr. It is the raw material for Effluent Treatment Plant where after methanisation process in huge reactors the Company gets Bio-gas which is used as fuel in its boilers. 81
2 nd Stage (Bio-composting) The waste product or heated spent wash from primary treatment plant is taken for Biocomposting to an open area of land where this product is sprinkled on sugar mill press mud for production of manure. Rectified Spirit Yeast Molasses Dilution Fermentation Rectified Spirit Distillation Extra Neutral Alcohol Spent Wash Rectified Spirit Dilution Distillation Extra Neutral Alcohol Heads ETHANOL Rectified Spirit Dilution & Fermentation Ethanol Addition Benzene Proposed Benzene Molasses Dilution Fermentation Wash to ENA ENA Distillation Heads Spent Wash 82
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RED HERRING PROSPECTUS Please read
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TABLE OF CONTENTS SECTION TITLE PAG
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Chatrath & Co., Chartered Accountan
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Margin Amount Memorandum of Associa
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Company/Industry Related Terms/Tech
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NRE Account Non Resident External A
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• Company’s ability to successf
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The Company constantly endeavours t
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The Company has reported a net nega
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the Excise and liquor sourcing poli
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Writ Petitions related to notificat
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Northern India Alcohol Sales Pvt. L
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8. Dependence on agri products Mana
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l. In addition to the BRLMs, the Co
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enforced prohibition in 1996, but h
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THE ISSUE Equity Shares offered: Fr
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Particulars As on 31.03.2005 31.03.
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Particulars For the Year/Period End
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BOARD OF DIRECTORS Name of the Dire
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Jawahar Vyapar Bhawan, 14th Floor 1
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STATEMENT OF INTER SE ALLOCATION OF
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The grading is however, constrained
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Industry Outlook & Prospects The do
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on a proportionate basis. For furth
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CAPITAL STRUCTURE OF THE COMPANY Sh
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others # 17.4.1995 $ 2,11,640 10 47
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1.11.1994 Acquisition 18,75,000 10
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Category Code Category of Sharehold
Page 57 and 58: 8. Mr. Ashok Kumar 33 0.0003 9. Mr.
Page 59 and 60: OBJECTS OF THE ISSUE The Company pr
Page 61 and 62: In case of variations in the actual
Page 63 and 64: 1. Plant and Machinery for 35 KLPD
Page 65 and 66: Taxes & Duties 127.00 Total 918.00
Page 67 and 68: Franchise Fees - - - 4.00 Bond Fees
Page 69 and 70: Mass Media options: • Hoardings 3
Page 71 and 72: Alcobrew has vide its letter dated
Page 73 and 74: K GENERAL CORPORATE PURPOSES: The l
Page 75 and 76: FUNDS DEPLOYED As per the certifica
Page 77 and 78: Terms of Payment Margin Amount empl
Page 79 and 80: BASIS FOR ISSUE PRICE The Issue Pri
Page 81 and 82: Note: The average return on net wor
Page 83 and 84: STATEMENT OF TAX BENEFITS TAX BENEF
Page 85 and 86: According to section 10(38) of the
Page 87 and 88: As per the provisions of Section 11
Page 89 and 90: Tax. However, the aforesaid income
Page 91 and 92: SECTION IV: ABOUT THE ISSUER COMPAN
Page 93 and 94: In India alcohol is largely produce
Page 95 and 96: Government Policy & Regulations The
Page 97 and 98: • Scotch rose by 7.0%. Scotch bra
Page 99 and 100: substantial market share to India s
Page 101 and 102: As the Company is increasing its In
Page 103 and 104: Higher level of instrumentation has
Page 105 and 106: II. ORDERS ALREADY PLACED: Sl. No 1
Page 107: Engineering, Plot No. 65, Bhagwati
Page 111 and 112: converts the slurry into a hydrated
Page 114 and 115: FLOW CHART OF FINISHING GOODS Recti
Page 116 and 117: The availability of grain particula
Page 118 and 119: Domestic - 10 KL Per Day TOTAL - 14
Page 120 and 121: Power Generation Present Requiremen
Page 122 and 123: The Spent Wash generated from disti
Page 124 and 125: • White Lace Duet Gin GR 8 Times
Page 126 and 127: Indian IMFL Industry has undergone
Page 128 and 129: Certificate dated 23 rd January 200
Page 130 and 131: 6. Manufacturing Agreement Parties:
Page 132 and 133: its distinct identity in the Countr
Page 134 and 135: PROPERTY A. Properties owned by the
Page 136 and 137: Date of Agreement: 25.3.1995 vide D
Page 138 and 139: Date of Agreement: 12.1.1995 vide D
Page 140 and 141: 27. M/s Globus Agronics Limited Dat
Page 142 and 143: Parties Sub-Lessor Associated Disti
Page 144 and 145: Class 33 (Thirty Three) Applicant G
Page 146 and 147: Sr. No Mark Registration Number Cla
Page 148 and 149: BRIEF HISTORY AND OTHER CORPORATE M
Page 150 and 151: 22.08.1995 • Change in Authorised
Page 152 and 153: DIN: 00769308 01.08.2009) Term: 3 y
Page 154 and 155: Limited in 1983 and later promoted
Page 156 and 157: Industrial Engineer where he was re
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If at any time the director ceases
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CORPORATE GOVERNANCE CORPORATE GOVE
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1. To scrutinize the Share transfer
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Further, the Directors are also int
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Chart 1: BEHROR UNIT, RAJASTHAN 139
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141
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joined Radico Khaitan Limited in 19
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PROMOTERS Mr. Ajay Kumar Swarup and
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Sl. No. Name of Shareholder No. of
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Related Party Transactions For deta
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estatements and regroupings as cons
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ANNEXURE-II STATEMENT OF PROFIT & L
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At each balance sheet an assessment
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Particulars Key Management Personal
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Particulars Associates Key Manageme
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ENA BL 44.93 1477.37 14.06 1080.81
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AS ON PARTICULARS 31-Mar-05 31-Mar-
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guaranteed by Sh. Madhav K. Swarup
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ANNEXURE-XI STATEMENT OF CURRENT LI
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Note: ** Information pertaining to
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EXISTING BORROWING FACILITIES The C
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Prepayment Charges: 2% of the Prepa
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losses and deferred expenditure not
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There are no defaults in meeting an
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3. Networth means aggregate of valu
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SHAREHOLDING Sl. No. Name of Shareh
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horticulture and agriculture in all
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There are no defaults in meeting an
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Ajay Swarup) together hold 100% sha
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3. Networth means aggregate of valu
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MANAGEMENT’S DISCUSSION AND ANALY
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Interest & Finance Charge 40.29 53.
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Interest and Finance Expenses The i
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Similarly, for consumers like fuel
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(b). Recovery Suits 1. Globus Agron
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SB. Civil Writ Petition No. 3454 of
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ecovery of the amount of cess payab
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New-Delhi. which on account of any
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(Prevention & Control of Pollution)
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Whisky (Own Brand) and Country Liqu
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Transformer and 11 KV Line Validity
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Valid until cancelled. Government o
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4 - Distributable profits have been
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The filing of the Red Herring Prosp
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person consequent to or in connecti
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Others The total fees payable to th
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The auditors of the Company are app
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• Right to receive surplus on liq
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Application by Eligible NRIs/FIIs r
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Market Lot Share Who can apply ** E
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ISSUE PROCEDURE Principal Terms And
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one Bid in the ASBA Bid cum Applica
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exchange in India only in favour of
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Bidders are advised to ensure that
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2. In accordance with the SEBI guid
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The Bidders may note that the Escro
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) The book gets built up at various
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Filing of the Red Herring Prospectu
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c. Do not Bid on another Bid-cum-Ap
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The Company in its absolute discret
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In case of Bids made by Insurance C
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c) In case of Resident QIB Bidders:
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application received and a photo ma
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Herring Prospectus and as per the i
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have submitted Bids at or above the
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EQUITY SHARES IN DEMATERIALIZED FOR
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the disclosed manner and/ or demat
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The Company will provide adequate f
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Our Company, in consultation with t
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• The BRLMs shall ensure that ade
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eceived the ASBA in a physical or e
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ank account and not to the Bankers
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In case of ASBA Bids made pursuant
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SECTION IX MAIN PROVISIONS OF THE A
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CAPITAL AND INCREASE AND REDUCTION
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to accept the shares offered, the B
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in lieu thereof, to the satisfactio
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30. A call may be revoked or postpo
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46. The Board may, at anytime befor
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The Board may, at any time, give no
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10. The Register and Index of benef
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that in the case of an Annual Gener
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committee or other legal guardian;
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DIRECTORS (8) The book containing t
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notwithstanding fixed by the Articl
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(a) a director in such company, and
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the Board may by resolution vest in
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(a) (b) the names of the Directors
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mortgage may contain a power of sal
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(b) The Company shall also be at, l
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174. For the purpose of giving effe
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Register of Members, shall have bee
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Documents for Inspection i) Memoran
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DECLARATION All the relevant provis
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RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

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