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

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

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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

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

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