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

Sr.
No
Mark
Registration
Number
Class Goods Covered Renewal Due Date
1 John Mc Lane 114532 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
2 White Lace 114533 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
3 Samurai (Logo) 114534 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
4 Hannibal 114535 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
5 Globus Spirits
Logo
114556 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
6 20-20 117531 33 Whisky, Rum, Brandy, Gin, Vodka,
wine & other alcoholic beverages
included in class 33
January 22, 2023
January 22, 2023
January 22, 2023
January 22, 2023
January 22, 2023
July, 22, 2023
There are no trademarks, other than mentioned above, and services marks, which have been
applied for or registered or used by the Company. No patents or utility models have been applied
for or granted to or used by the Company. There are no employee inventions or any compulsory
licenses, which may be or have been granted in respect thereof. There are no material inventions
used by the Company in respect of which patents have not yet been applied for or granted. There
are no registered designs applied for or used by the Company. Due to the peculiar business of the
Company (i.e., producing alcohol products), there are no internal documents setting out the
policies and procedures followed by the Company in relation to intellectual property rights. There
are no actual or threatened litigation or opposition proceedings relating to any intellectual property
rights used by the Company.
INDUSTRY REGULATIONS
The movement of IMFL products is regulated across states. The entire process of manufacturing
to distribution and sales attracts taxes a plenty.
In India, alcohol is a state subject meaning that all tax and regulatory issues in the industry are
controlled and regulated by the individual state governments and not by the central government.
Alcoholic beverages are among the most highly taxed and highly regulated industries in India.
The liquor industry is suffering from over taxation and over regulation, which has impeded the
profitability even in the face of continuing growth in demand for liquor products. State
governments have in the past capitalized on the price-inelastic characteristic of liquor
consumption by imposing new and higher taxes on manufacture and sale of liquor in their
respective jurisdictions. The net result is a complex and restrictive duty structure that varies
from one state to another. State governments have typically levied a varieties of taxes on
alcohol products including excise duty, sales tax, license fee, state-level import and export duty,
bottling fee, welfare levy, assessment fee, franchise fee, turnover tax, surcharge etc.
Regulatory changes have imposed a further burden in the industry by an amendment of section
206 C of the Income tax Act. The Government of India imposed a mandatory Income Tax of 1%
to be collected at source on sales. This has had an impact of increasing the price of liquor
products at the hands of the consumer.
The Indian potable alcohol market has high entry barriers, largely due to government
regulations. The policies and levies on alcohol vary from State to State. In most of the States,
the distribution of alcohol is regulated by the concerned State Government.
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