RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
Note: ** Information pertaining to post issue share capital & reserves can be ascertained only after completion of Public Issue process. ANNEXURE-XVI STATEMENT OF TAX SHELTERS For the Year/Period Ended Particulars 31-Mar-05 31-Mar-06 31-Mar-07 31-Mar-08 31-Mar-09 30-Jun-09 Profit & Loss as per book of 67.32 616.80 1224.66 1952.14 1993.79 802.63 account Tax rates (Normal including 33.66 33.66 33.99 33.99 33.99 surcharge) 36.5925 Notional Tax Payable at - 21.91 412.20 663.53 677.69 272.81 Normal Rates ADJUSTMENT Permanent Difference Tax Free Income - - - - - - Capital Gains as per return - - - (0.40) - (6.93) - - - - - Disallowance as per return 2.76 2.82 13.93 0.93 17.67 4.56 Other Adjustment - - - - - - Timing Difference Difference between Tax depreciation & book depreciation 0.84 (458.19) (487.06) (521.92) (919.03) (395.03) Disallowances u/s 43-B - - - - - - Other Adjustment - - (88.37) - - - Net Adjustment 3.60 (455.37) (561.50) (521.39) (901.36) (397.40) Tax Saving thereon - 153.28 189.00 177.22 306.37 135.08 Total Taxation 25.95 54.34 232.53 486.60 371.32 137.73 Tax on Brought Forward unabsorbed depreciation 25.95 32.42 - - - - Normal Tax Payable - 21.92 232.53 486.60 371.32 137.73 Taxable Income as per MAT Tax as per Income Tax Return (MAT Tax) 47.68 616.84 1,224.73 1951.74 1993.79 802.63 3.74 51.91 202.53 532.06 382.70 125.00 Notes: 1. The figures in the above statement for the year ended 31 st March 2009 and period ended 30 th June 2009 are provisional and would be finalized at the time of filing of Income Tax Return. 2. The figures for all other years are as per the Income Tax Returns submitted. ANNEXURE – XVII STATEMENT OF QUALIFICATION IN AUDITOR’S REPORT A. On the accounts of the Financial Year 2002-2003 In our opinion the Balance Sheet comply with the accounting standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 subject to ; Non provision of Gratuity, Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its employees as required by the mandatory “Accounting Standard 15- Accounting for Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial effect of which has not been ascertained by the management. 169
Management Reply Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus members are informed that the Company intends to form a trust for Gratuity under the LIC’s Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave Encashment is being made on cash basis. None of the employee of the company was falling under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore, provision for Bonus has not been made during the previous year. B. On the accounts of the Financial Year 2003-2004 In our opinion the Balance Sheet comply with the accounting standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity, Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its employees as required by the mandatory Accounting Standard-15 “Accounting for Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial effect of which has not been ascertained by the management. Management Reply Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus members are informed that the Company intends to form a trust for Gratuity under the LIC’s Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave Encashment is being made on cash basis. None of the employee of the company was falling under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore, provision for Bonus has not been made during the previous year. C. On the accounts of the Financial Year 2004-2005 In our opinion the Balance Sheet comply with the accounting standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity, Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its employees as required by the mandatory “Accounting Standard 15-Accounting for Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial effect of which has not been ascertained by the management. Management Reply Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus members are informed that the Company intends to form a trust for Gratuity under the LIC’s Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave Encashment is being made on cash basis. None of the employee of the company was falling under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore, provision for Bonus has not been made during the previous year. D. On the accounts of the Financial Year 2005-2006 In our opinion the Balance Sheet comply with the accounting standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity, Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its employees as required by the mandatory “Accounting Standard 15-Accounting for Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial effect of which has not been ascertained by the management. Management Reply Regarding the qualification of Auditor’s Report w.r.t. Gratuity, Leave Encashment and Bonus members are informed that the Company intends to form a trust for Gratuity under the LIC’s Group Gratuity Scheme to comply with Accounting Standard AS-15. Payment of Leave Encashment is being made on cash basis. None of the employee of the company was falling under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore, provision for Bonus has not been made during the previous year. 170
- 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
- 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 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
- Page 224 and 225: Similarly, for consumers like fuel
- Page 226 and 227: (b). Recovery Suits 1. Globus Agron
- Page 228 and 229: SB. Civil Writ Petition No. 3454 of
- Page 230 and 231: ecovery of the amount of cess payab
- Page 232 and 233: New-Delhi. which on account of any
- Page 234 and 235: (Prevention & Control of Pollution)
- Page 236 and 237: Whisky (Own Brand) and Country Liqu
- Page 238 and 239: Transformer and 11 KV Line Validity
- Page 240 and 241: Valid until cancelled. Government o
- Page 242 and 243: 4 - Distributable profits have been
- Page 244 and 245: The filing of the Red Herring Prosp
Management Reply<br />
Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus<br />
members are informed that the Company intends to form a trust for Gratuity under the LIC’s<br />
Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave<br />
Encashment is being made on cash basis. None of the employee of the company was falling<br />
under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore,<br />
provision for Bonus has not been made during the previous year.<br />
B. On the accounts of the Financial Year 2003-2004<br />
In our opinion the Balance Sheet comply with the accounting standards referred to in subsection<br />
(3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity,<br />
Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its<br />
employees as required by the mandatory Accounting Standard-15 “Accounting for<br />
Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial<br />
effect of which has not been ascertained by the management.<br />
Management Reply<br />
Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus<br />
members are informed that the Company intends to form a trust for Gratuity under the LIC’s<br />
Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave<br />
Encashment is being made on cash basis. None of the employee of the company was falling<br />
under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore,<br />
provision for Bonus has not been made during the previous year.<br />
C. On the accounts of the Financial Year 2004-2005<br />
In our opinion the Balance Sheet comply with the accounting standards referred to in subsection<br />
(3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity,<br />
Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its<br />
employees as required by the mandatory “Accounting Standard 15-Accounting for<br />
Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial<br />
effect of which has not been ascertained by the management.<br />
Management Reply<br />
Regarding the qualification of Auditor’s Report w.e.f. Gratuity, Leave Encashment and Bonus<br />
members are informed that the Company intends to form a trust for Gratuity under the LIC’s<br />
Group Gratuity Scheme to comply with accounting standard AS-15. Payment of Leave<br />
Encashment is being made on cash basis. None of the employee of the company was falling<br />
under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore,<br />
provision for Bonus has not been made during the previous year.<br />
D. On the accounts of the Financial Year 2005-2006<br />
In our opinion the Balance Sheet comply with the accounting standards referred to in subsection<br />
(3C) of section 211 of the Companies Act, 1956 subject to non provision of Gratuity,<br />
Liability, Leave Encashment for un-availed leave payable and provision for Bonus to its<br />
employees as required by the mandatory “Accounting Standard 15-Accounting for<br />
Retirement Benefits” issued by the Institute of Chartered Accountants of India the financial<br />
effect of which has not been ascertained by the management.<br />
Management Reply<br />
Regarding the qualification of Auditor’s Report w.r.t. Gratuity, Leave Encashment and Bonus<br />
members are informed that the Company intends to form a trust for Gratuity under the LIC’s<br />
Group Gratuity Scheme to comply with Accounting Standard AS-15. Payment of Leave<br />
Encashment is being made on cash basis. None of the employee of the company was falling<br />
under the remuneration ceiling for entitlement of Bonus under the Bonus Act. Therefore,<br />
provision for Bonus has not been made during the previous year.<br />
170
Change language