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

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its distinct identity in the Country Liquor segment and also in bottling IMFL for high quality liquor brands. LICENSED & INSTALLED CAPACITY FOR PAST THREE YEARS: ------2006-07----------------- -------2007-08---------------- ----------2008-09------- ITEMS Unit Licensed Capacity Rectified Lakh Spirit BL per annum Installed Capacity Producti on Licensed Capacity Installed Capacity 288 288 220.24 288 288 Producti Licensed Installed Production on Capacity Capacity 206.40 288 288 231.10 Capacity Utilization 76.47% 71.67% 80.24% PROPOSED CAPACITY FOR NEXT THREE YEARS: ----2009-10-------------------------------2010-11--------------------------2011-12----- ITEMS Unit Licensed Capacity Installed Capacity Producti on Licensed Capacity Installed Capacity Producti on Licensed Capacity Installed Capacity Productio n Rectified Spirit Lakh BL per annum 498 288 284 498 498 448.20 498 498 473.10 Capacity Utilization 98.61% 90% 95% The Installed Capacity of Industrial Alcohol is in the process of being increased to 498 lakh BL per annum by March 2010. The average capacity utilization for the previous three years i.e., FY 2006-07 to FY 2008-09 was 76.12% and the capacity utilization in 2009-10 is projected at 98.61% In 2008-09, in Behror capacity utilisation was 95.38%, while in Samalkha unit capacity utilisation was 65.12%. In the month of July – August, 2007, the Samalkha Unit was fully converted to accept and use both raw materials i.e. molasses & grain, hence there was a planned shut down to interconnect new facilities with existing facilities. Further the plant took time to stable in grain. There was a production loss of almost 45 days in 2007-08 for the above reason. This has resulted in lower capacity utilisation in 2007-08. QUALITY CERTIFICATIONS The Company has received from Monde Selection, International Institute for Quality Selections, Brussels Belgium a silver medal for Hannibal Legendary Rum at the 46 th World Selection 2008 for Spirits & Liqueurs. 105
INSURANCE The Company has taken insurance policies insuring major risks relating to its stocks, building, plant & machinery, accessories at its manufacturing facilities at Behror, Rajasthan and Samalkha, Haryana. The Company has also taken vehicle insurance for the vehicles owned by the Company. However the insurance policies may not provide adequate coverage in certain circumstances and are subject to deductibles, exclusions and limit on coverage Details of the various policies are as provided hereunder: Sl. No Name of the Insurance Company Description of Property Total sum insured (Rs. in lakhs) Type of Insurance Cover Note/ Policy Number Date of Policy Date of expiry 1. The Oriental Insurance Company Limited 2. The Oriental Insurance Company Limited 3. National Insurance Company Limited 4. National Insurance Company Limited 5. National Insurance Company Limited Building, Plant & Machinery & Stock (Behror Unit) Stock of Raw,Finished & processed Goods, & stock of spares, fuels, packing materials (Behror Unit) Building and Plant & Machinery (Samalkha Unit) Stock of Liquor & Spirits, Finished & Semi Finished Products, Packing Materials, fuel, oil (Samalkha Unit) Stock of Spirit & Packaging materials, fuel, oil, LIG diesel & pet cake(Samalk ha Unit) 3450.00 (covering Rs. 550 lakhs towards building, Rs. 2150 lakhs towards plant & machinery and Rs. 750 lakhs towards stock) 2600.00 (covering Rs. 2200 lakhs towards building and Rs. 400 lakhs towards plant & machinery) Standard Fire and Special Perils Policy 242306/11/200 9/27 750.00 Burglary Cover Note No. JRO/2006 Standard Fire and Special Perils Policy 700.00 Standard Fire and Special Perils Policy 700.00 Misc – Traditional Business Policy 354800/11/08/ 3400000098 354800/11/08/ 3400000116 354800/46/08/ 7500000147 18.10.2008 17.10.2009 18.10.2008 17.10.2009 08.09.2008 07.09.2009 11.10.2008 10.10.2009 11.10.2008 10.10.2009 There are no pending claims with regard to the insurance policies held by the Company. 106
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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
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8. Mr. Ashok Kumar 33 0.0003 9. Mr.
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OBJECTS OF THE ISSUE The Company pr
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In case of variations in the actual
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1. Plant and Machinery for 35 KLPD
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Taxes & Duties 127.00 Total 918.00
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Franchise Fees - - - 4.00 Bond Fees
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Mass Media options: • Hoardings 3
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Alcobrew has vide its letter dated
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K GENERAL CORPORATE PURPOSES: The l
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FUNDS DEPLOYED As per the certifica
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Terms of Payment Margin Amount empl
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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 and 108: Engineering, Plot No. 65, Bhagwati
Page 109 and 110: 2 nd Stage (Bio-composting) The was
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 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
Page 158 and 159: If at any time the director ceases
Page 160 and 161: CORPORATE GOVERNANCE CORPORATE GOVE
Page 162 and 163: 1. To scrutinize the Share transfer
Page 164 and 165: Further, the Directors are also int
Page 166 and 167: Chart 1: BEHROR UNIT, RAJASTHAN 139
Page 168 and 169: 141
Page 170 and 171: joined Radico Khaitan Limited in 19
Page 172 and 173: PROMOTERS Mr. Ajay Kumar Swarup and
Page 174 and 175: Sl. No. Name of Shareholder No. of
Page 176 and 177: Related Party Transactions For deta
Page 178 and 179: estatements and regroupings as cons
Page 180 and 181: 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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