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

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DIN: 00769308 01.08.2009) Term: 3 years (1.8.2006 to 31.7.2009) 4. Mr. Rajesh Kumar Malik Whole-Time Director S/o Mr. Ram Pal Singh Malik B. Sc., Diploma in Business Management H. No. 456, Sector-5 Gurgaon Haryana – 122 001 DOB: 1.7.1956 53 years Service DIN: 00504061 Term: Retire by Rotation 5. Mr. Rameshwar Dayal Aggarwal Whole-Time Director S/o Late Mr. Devi Charan Aggarwal M.Sc (Organic Chemistry), Alcohol Technology from National Sugar Institute, Kanpur C/o Hari Singh Rohal (Advocate) Opposite Sector 25 Near Laxmi Garden Malik Enclave Panipat Haryana DOB: 15.1.1955 54 years Service DIN: 01917666 Term: Retire by Rotation 6. Mr. Deepak Roy Non-Executive Director s/o Mr. Shashi Bhushan Roy B.A. Hons. (Economics), Diploma in Management Science 11, Rambha 66, Napean Sea Road Mumbai – 400 006 Maharashtra DOB: 25.12.1951 57 years Professional DIN: 00178236 Term: Retire by Rotation 1.12.2006 (Appointed as Whole Time Director w.e.f 1.12.2006) 1.12.2006 (Appointed as Whole Time Director w.e.f 1.12.2006) 20.2.2007 (As Additional Director; Confirmed at AGM on 29.9.2007) - - Directorships: 1.Vallee de Vin Private Ltd. 2.Allied Blenders & Distillers Pvt. Ltd. 7. Mr. Joginder Singh Dhamija 20.2.2007 - 125
Non-Executive & Independent Director S/o Mr. Bhai Mahla Ram B. A., LLB, PCS (Retd) A-28/5, DLF Qutab Enclave, Phase-I Gurgaon Haryana – 122 002 DOB: 1.3.1934 75 Years Professional (As Additional Director; Confirmed at AGM on 29.9.2007) DIN: 01409464 Retire by Rotation 8. Mr. Santosh Kumar Bishwal Non-Executive & Independent Director S/o Mr. Baidhar Bishwal B.Sc (Eng) Mech, M Tech (IIT) (Industrial Engg & Operations Research) B/206, BDA Duplex Colony Baramunda Bhubaneshwar – 751 003 Orissa. DOB: 18.5.1947 62 Years Consulting & Academic Professional DIN: 01098021 Retire by Rotation 20.2.2007 (As Additional Director; Confirmed at AGM on 29.9.2007) - The brief profile of the Directors of the Company is given below: Mr. Gautam Premnath Khandelwal, Non-Executive Chairman Mr. Gautam Premnath Khandelwal, aged 47 years is the Non-Executive Chairman of the Company. He completed his High School from The Doon School and B.A. (Economics) from Elphinstone College, Mumbai. Mr. Khandelwal started his career as a Management Trainee with Khandelwal Group in 1984, and later became Chief Executive of Khandelwal Laboratories Pvt. Ltd. He was Director of Stellar Chemical Laboratories Pvt Ltd., and moved on to become the Vice Chairman & Managing Director of KFA Group in 1993, where he successfully turned around the Company. He is the Chairman of Nagpur Power & Industries Limited. He was a Director of Khandelwal Otsuka Pharmaceuticals Limited. He is the Chairman of Informed Technologies India Limited since 1999. Mr. Khandelwal has over 23 years of vast experience in senior managerial positions and he is on the Board of many companies such as Nagpur Power & Industries Ltd., Informed Technologies India Ltd., Khandelwals Ltd. U.K., Khandelwal Remedies Pvt. Ltd., Zeppelin Investments Pvt. Ltd., Megnachem Pharmaceuticals Pvt. Ltd., The Motwane Mfg. Co. Pvt. Ltd., Krohm Solutions Pvt. Ltd., Punjab National Bank and M/s. MW.Com (India) Pvt. Ltd. Mr. Khandelwal was appointed as Chairman of the Board of the Company on April 17, 2007. Mr. Ajay Kumar Swarup, Managing Director Mr. Ajay Kumar Swarup, aged 50 years, is the Promoter and Managing Director of the Company. After completing his schooling from Doon School, he completed B.A. (Honours) in Economics from St. Stephens College, Delhi University and PGDBM from the Indian Institute of Management, Kolkata. Mr. Ajay Swarup has been associated with the Company since inception and has over <strong>24</strong> years of experience in the alcohol and distillery industry. He started his career with SVP Industries Ltd., an alcohol and distillery company; co-promoted Associated Distilleries 126
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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
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Note: The average return on net wor
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STATEMENT OF TAX BENEFITS TAX BENEF
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According to section 10(38) of the
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As per the provisions of Section 11
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Tax. However, the aforesaid income
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SECTION IV: ABOUT THE ISSUER COMPAN
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In India alcohol is largely produce
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Government Policy & Regulations The
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• Scotch rose by 7.0%. Scotch bra
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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 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 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
Page 182 and 183: At each balance sheet an assessment
Page 184 and 185: Particulars Key Management Personal
Page 186 and 187: Particulars Associates Key Manageme
Page 188 and 189: ENA BL 44.93 1477.37 14.06 1080.81
Page 190 and 191: AS ON PARTICULARS 31-Mar-05 31-Mar-
Page 192 and 193: guaranteed by Sh. Madhav K. Swarup
Page 194 and 195: ANNEXURE-XI STATEMENT OF CURRENT LI
Page 196 and 197: Note: ** Information pertaining to
Page 198 and 199: EXISTING BORROWING FACILITIES The C
Page 200 and 201: 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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