RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
Sl. No. Name of Shareholder No. of Shares held %age Shareholding 1. Mr. Sharan Singh 10 0.01% 2. Mr. Satish Kumar 10 0.01% 3. Mr. Ajay Kumar Swarup 26,160 26.16% 4. Northern India Alcohol Sales Pvt. Ltd. 5. Mr. Madhav Kumar Swarup 10 6. Mrs. Saroj Rani Swarup 10 7. Mrs. Madhavi Swarup 10 8. Astral Capitals Private Limited 50,000 23,790 23.79% 0.01% 0.01% 0.01% 50.00% TOTAL 1,00,000 100.00% Financials For details regarding financials of CBIL please refer to page no. 175 of the Red Herring Prospectus. Declaration by the Promoters The Company confirms that the Permanent Account Number, Bank Account number, Company Registration number, and the address of the Registrar of Companies where the company is registered would be submitted to the BSE and NSE at the time of filing of the Red Herring Prospectus with them. Chand Bagh Investments Limited, its Directors and persons in control of the company have not been declared as wilful defaulters by RBI or any other government authority and there are no violations of securities laws committed by the Promoters in the past nor any such proceedings are pending against the Promoters. Neither Chand Bagh Investments Limited, nor its Directors or persons in control have been prohibited from accessing the capital market under any order or direction passed by SEBI. Common Pursuits As on date, there are no common pursuits which may lead to conflict of interest in the business of the Company and other Companies promoted by the Promoter, other than as described in the following paragraphs: Interest of the Promoters The Promoters may be deemed to be interested to the extent of shares held by them, their friends or relatives, and benefits arriving from their holding directorship in the company. The Promoters are not interested in any property, if acquired by GSL within two years from the date of the Prospectus. The Promoters are not interested in any loan or advance given by the Company, neither are they beneficiaries of any such loans or advances. The following companies/firms/ventures, in similar industry, have been either promoted by the promoters of Globus Spirits Ltd, and/or directorship is held in such companies. The promoters of the Globus Spirits Ltd may be deemed to be interested in these companies: Name of the Concern Type of Concern Nature of Interest Associated Distilleries Ltd. (ADL) The main objects is to carry on business as manufacturers, and traders of whisky, gin, rum, brandy, country liquor, industrial alcohol, absolute alcohol, spirits etc. Promoted by Mr. Ajay Kumar Swarup and Mr. Anoop Bishnoi. Besides, Mrs. Madhavi Swarup (Mr. Ajay Swarup’s 147
Rajasthan Distilleries Pvt. Ltd. Northern India Alcohol Sales Pvt. Ltd. ADL has a 40 KLPD distillery to manufacture Rectified Spirit from Molasses. At present, it is manufacturing Country Liquor and selling the same in the State of Haryana. ADL is also manufacturing and selling cheap IMFL products under the brand name Goldee in the state of Haryana and Delhi. The main objects is to carry on and manage the business or trades of Whisky, Gin, Beer, Rum, Brandy and general distillers, compounders and rectifiers, merchants, exporters, importers etc. Trading Company The main objects is to carry on the business of traders of Whisky, Gin, Rum, Brandy, Country Liquor, Industrial Alcohol, Absolute Alcohol, other alcohol etc., brokers, merchants, exporters, importers etc. Northern India Alcohol Sales Pvt Ltd was established for marketing and developing IMFL, Country Liquor, Rectified Spirit and Extra- Neutral Alcohol. The main function of the company is marketing and trading. During the past years, the company has done marketing of Rectified Spirit, Extra-Neutral Alcohol and IMFL. At present, the company is not doing any business. wife), Mr. Madhav Kumar Swarup (his father), Mrs. Saroj Rani Swarup (his mother) together hold 36.11% of the company’s equity. Promoted by Mr. Ajay Kumar Swarup. 99.80% of the company’s equity is held by Northern India Alcohol Sales Pvt. Ltd., a company wherein 97% is held by Mr. Ajay Kumar Swarup, Mrs. Madhavi Swarup and Mrs. Saroj Rani Swarup. Mr. Madhav Kumar Swarup, father of Mr. Ajay Kumar Swarup, is a Director Promoted by Mr. Ajay Kumar Swarup Mr. Ajay Kumar Swarup holds 82.06% equity. Mr. Ajay Kumar Swarup along with Mrs. Madhavi Swarup and Mrs. Saroj Rani Swarup hold 97.01% equity. For further details on the above, please refer to page no. 174, 179 & 178 of this Red Herring Prospectus. Payment or benefit to Promoters of the Company Mr. Ajay Kumar Swarup, being the Managing Director of the Company, draws managerial remuneration as mentioned earlier in the section titled “Management and Organisation” beginning from page no. 124 of this Red Herring Prospectus. Apart from the above, there have been no payments or benefits to the Promoter of the Company. 148
- 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
- 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 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
- Page 202 and 203: losses and deferred expenditure not
- Page 204 and 205: There are no defaults in meeting an
- Page 206 and 207: 3. Networth means aggregate of valu
- Page 208 and 209: SHAREHOLDING Sl. No. Name of Shareh
- Page 210 and 211: horticulture and agriculture in all
- Page 212 and 213: There are no defaults in meeting an
- Page 214 and 215: Ajay Swarup) together hold 100% sha
- Page 216 and 217: 3. Networth means aggregate of valu
- Page 218 and 219: MANAGEMENT’S DISCUSSION AND ANALY
- Page 220 and 221: Interest & Finance Charge 40.29 53.
- Page 222 and 223: Interest and Finance Expenses The i
Sl.<br />
No.<br />
Name of Shareholder No. of Shares held %age<br />
Shareholding<br />
1. Mr. Sharan Singh 10 0.01%<br />
2. Mr. Satish Kumar 10 0.01%<br />
3. Mr. Ajay Kumar Swarup 26,160 26.16%<br />
4. Northern India Alcohol Sales Pvt.<br />
Ltd.<br />
5. Mr. Madhav Kumar Swarup 10<br />
6. Mrs. Saroj Rani Swarup 10<br />
7. Mrs. Madhavi Swarup 10<br />
8. Astral Capitals Private Limited 50,000<br />
23,790 23.79%<br />
0.01%<br />
0.01%<br />
0.01%<br />
50.00%<br />
TOTAL 1,00,000 100.00%<br />
Financials<br />
For details regarding financials of CBIL please refer to page no. 175 of the Red Herring<br />
Prospectus.<br />
Declaration by the Promoters<br />
The Company confirms that the Permanent Account Number, Bank Account number, Company<br />
Registration number, and the address of the Registrar of Companies where the company is<br />
registered would be submitted to the BSE and NSE at the time of filing of the Red Herring<br />
Prospectus with them.<br />
Chand Bagh Investments Limited, its Directors and persons in control of the company have not<br />
been declared as wilful defaulters by RBI or any other government authority and there are no<br />
violations of securities laws committed by the Promoters in the past nor any such proceedings<br />
are pending against the Promoters. Neither Chand Bagh Investments Limited, nor its Directors<br />
or persons in control have been prohibited from accessing the capital market under any order or<br />
direction passed by SEBI.<br />
Common Pursuits<br />
As on date, there are no common pursuits which may lead to conflict of interest in the business<br />
of the Company and other Companies promoted by the Promoter, other than as described in the<br />
following paragraphs:<br />
Interest of the Promoters<br />
The Promoters may be deemed to be interested to the extent of shares held by them, their<br />
friends or relatives, and benefits arriving from their holding directorship in the company. The<br />
Promoters are not interested in any property, if acquired by GSL within two years from the date<br />
of the Prospectus. The Promoters are not interested in any loan or advance given by the<br />
Company, neither are they beneficiaries of any such loans or advances.<br />
The following companies/firms/ventures, in similar industry, have been either promoted by the<br />
promoters of <strong>Globus</strong> <strong>Spirits</strong> Ltd, and/or directorship is held in such companies. The promoters of<br />
the <strong>Globus</strong> <strong>Spirits</strong> Ltd may be deemed to be interested in these companies:<br />
Name of the Concern Type of Concern Nature of Interest<br />
Associated Distilleries Ltd.<br />
(ADL)<br />
The main objects is to carry on<br />
business as manufacturers, and<br />
traders of whisky, gin, rum,<br />
brandy, country liquor, industrial<br />
alcohol, absolute alcohol, spirits<br />
etc.<br />
Promoted by Mr. Ajay Kumar<br />
Swarup and Mr. Anoop<br />
Bishnoi.<br />
Besides, Mrs. Madhavi<br />
Swarup (Mr. Ajay Swarup’s<br />
147