RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
EXISTING BORROWING FACILITIES The Company has the following existing loans outstanding in its books of accounts: SECURED LOANS a. EXISTING TERM LOAN FACILITIES: (Rs. in lakhs) Sl. No. Name of the Bank Amount Sanctioned Repaid till date Principal Amount Outstanding as on 31.07.2009 1. State Bank of India * 73 29.48 43.52 2. State Bank of India $ 210 89 121.00 * Originally the term loan sanctioned was Rs. 108 lakhs by Punjab National Bank, which was taken over by State Bank of India on July 24, 2006 and at the time of fresh sanction on 9.2.2007, the outstanding balance was Rs. 94 lakhs on that account, which has been revised to Rs. 73 lakhs in May 22, 2008. As per State Bank of India letter no. IFB/CREDIT/2009- 10/90 dated 29.07.2009 the outstanding balance presently is at Rs. 73 lakhs $ The term loan was originally sanctioned for Rs. 600 lakhs by State Bank of India and was reduced to Rs. 300 lakhs vide its letter no. IFB/CREDIT/2006-07/244 dated February 9, 2007. The said loan (based on outstandings) has been revised to Rs. 210 lakhs in May 22, 2008. As per State Bank of India letter no. IFB/CREDIT/2009-10/90 dated 29.07.2009 the outstanding balance presently is at Rs. 210 lakhs b. TERM LOAN FACILITIES FOR THE PROPOSED PROJECTS: (Rs. in lakhs) Sl. No. Name of the Bank Amount Sanctioned Amount Disbursed Repaid till date Principal Amount Outstanding as on 31.07.2009 1. State Bank of India 1200 - - - c. EXISTING WORKING CAPITAL FACILITIES: (Rs. in lakhs) Sl. Name of the Bank Amount Sanctioned No. 1. State Bank Of India 2000.00 On 24th July 2006, the Cash Credit limit sanctioned by SBI was Rs. 400 lakhs, but later on vide their letter no. IFB/CREDIT/2007-08/485 dated July 21 2007 the same facility was enhanced to Rs.800 lakhs. State Bank of India has further enhanced the Cash Credit facilities to Rs.1600 lakhs vide their letter no. IFB/CREDIT/2008-09/40 dated May 22, 2008. Again on 29.07.2009 State Bank of India has further enhanced the Cash Credit facilities to Rs. 2000 lakhs vide its letter no. IFB/CREDIT/2009-10/90 d. DETAILS OF CAR LOAN (31.07.2009) Sl. No. Name of the Bank Amount Sanctioned Amount Disbursed 1. ICICI Bank LAN No. LADEL00004246672 6.19 6.19 2. ICICI Bank 6.08 6.08 LAN No. LADEL00010060968 3. ICICI Bank 6.07 6.07 (Rs. in lakhs) Repaid till Principal date Amount Outstanding as on 31.07.2009 4.72 1.47 2.39 3.69 171
LAN No. LADEL00010013417 2.38 3.69 4. ICICI Bank 25.00 25.00 LAN No.LADEL00011267374 15.02 9.98 5. ICICI Bank 4.25 4.25 LAN No. LADEL00012125207 1.10 3.15 6. Reliance Consumer Finance 3.43 3.43 Ltd. Loan A/c No. RLNCDEL000025748 1.03 2.40 DETAILS OF THE TERM LOANS ARE AS UNDER: Term loan Rs. in lakhs State Bank of India Term Loan Rs. 73 lakhs (Existing) Taken over of Loan from Punjab National Bank State Bank of India Term Loan Rs. 210 lakhs (Existing) Original Term Loan of Rs. 600 lakhs from Punjab National Bank. Taken over by State Bank of India and amount reduced to Rs. 300 lakhs at the request of the Company. State Bank of India Term Loan Rs. 1200 lakhs (Fresh loan dated 29.07.09) Repayment Period/Schedule/ Commitment Fee/Prepayment Charges 22 quarterly instalments of Rs. 5 lakhs each commencing from July 2006 and ending in October 2011. Commitment Fee: 1% for delayed drawdown beyond 2 months. Prepayment Charges: 2% of the Prepaid Amount. 17 quarterly instalments commencing from February 2007 and ending in February 2011. First 16 instalments of Rs. 18 lakhs each. Last & Final 17 th instalment of Rs. 12 lakhs. Commitment Fee: 1% for delayed drawdown beyond 2 months. Prepayment Charges: 2% of the Prepaid Amount. 12 quarterly instalments of Rs. 100 lakhs each commencing June 2010 and ending in March 2013 Commitment Fee: 1.20% for delayed draw down beyond 2 months. Current Interest 2.5% above SBAR at monthly rests. SBAR. at monthly rests SBAR i.e., currently 11.75% p.a. at monthly rests (with reset after every 2 Moratorium Prime/Collateral security Guarantees - Primary: First charge on all fixed assets,including EM of two factory land and building at Samalkha,Haryana. Behror, Rajasthan. Collateral : Extension of charges on all current assets of the company. - Primary: First charge on all fixed assets,including EM of two factory land and building at Samalkha,Haryana. Behror, Rajasthan. Collateral : Extension of charges on all current assets of the company. 9 months Primary: First charge on all fixed assets, including EM of two factory land and building at: Samalkha, Haryana and Behror, Rajasthan. Collateral: Extension of charge on all current assets of the Company. Personal 1. Shri Madhav Kumar Swarup 2. Shri Ajay Kumar Swarup Corporate M/s Chand Bagh Investments Ltd. Personal 1. Shri Madhav Kumar Swarup 2. Shri Ajay Kumar Swarup Corporate M/s Chand Bagh Investments Ltd. Personal 1. Mr. Madhav Kumar Swarup 2. Mr. Ajay Kumar Swarup Corporate Guarantee: 172
- 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 196 and 197: Note: ** Information pertaining to
- 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
- Page 246 and 247: person consequent to or in connecti
EXISTING BORROWING FACILITIES<br />
The Company has the following existing loans outstanding in its books of accounts:<br />
SECU<strong>RED</strong> LOANS<br />
a. EXISTING TERM LOAN FACILITIES:<br />
(Rs. in lakhs)<br />
Sl.<br />
No.<br />
Name of the Bank<br />
Amount<br />
Sanctioned<br />
Repaid till<br />
date<br />
Principal<br />
Amount<br />
Outstanding<br />
as on<br />
31.07.2009<br />
1. State Bank of India * 73 29.48 43.52<br />
2. State Bank of India $ 210 89 121.00<br />
* Originally the term loan sanctioned was Rs. 108 lakhs by Punjab National Bank, which was<br />
taken over by State Bank of India on July <strong>24</strong>, 2006 and at the time of fresh sanction on<br />
9.2.2007, the outstanding balance was Rs. 94 lakhs on that account, which has been revised<br />
to Rs. 73 lakhs in May 22, 2008. As per State Bank of India letter no. IFB/C<strong>RED</strong>IT/2009-<br />
10/90 dated 29.07.2009 the outstanding balance presently is at Rs. 73 lakhs<br />
$ The term loan was originally sanctioned for Rs. 600 lakhs by State Bank of India and was<br />
reduced to Rs. 300 lakhs vide its letter no. IFB/C<strong>RED</strong>IT/2006-07/<strong>24</strong>4 dated February 9,<br />
2007. The said loan (based on outstandings) has been revised to Rs. 210 lakhs in May 22,<br />
2008. As per State Bank of India letter no. IFB/C<strong>RED</strong>IT/2009-10/90 dated 29.07.2009 the<br />
outstanding balance presently is at Rs. 210 lakhs<br />
b. TERM LOAN FACILITIES FOR THE PROPOSED PROJECTS:<br />
(Rs. in lakhs)<br />
Sl.<br />
No.<br />
Name of the Bank<br />
Amount<br />
Sanctioned<br />
Amount<br />
Disbursed<br />
Repaid till<br />
date<br />
Principal<br />
Amount<br />
Outstanding<br />
as on<br />
31.07.2009<br />
1. State Bank of India 1200 - - -<br />
c. EXISTING WORKING CAPITAL FACILITIES:<br />
(Rs. in lakhs)<br />
Sl. Name of the Bank<br />
Amount Sanctioned<br />
No.<br />
1. State Bank Of India 2000.00<br />
On <strong>24</strong>th July 2006, the Cash Credit limit sanctioned by SBI was Rs. 400 lakhs, but later on vide<br />
their letter no. IFB/C<strong>RED</strong>IT/2007-08/485 dated July 21 2007 the same facility was enhanced to<br />
Rs.800 lakhs. State Bank of India has further enhanced the Cash Credit facilities to Rs.1600<br />
lakhs vide their letter no. IFB/C<strong>RED</strong>IT/2008-09/40 dated May 22, 2008. Again on 29.07.2009<br />
State Bank of India has further enhanced the Cash Credit facilities to Rs. 2000 lakhs vide its<br />
letter no. IFB/C<strong>RED</strong>IT/2009-10/90<br />
d. DETAILS OF CAR LOAN (31.07.2009)<br />
Sl.<br />
No.<br />
Name of the Bank<br />
Amount<br />
Sanctioned<br />
Amount<br />
Disbursed<br />
1. ICICI Bank<br />
LAN No. LADEL00004<strong>24</strong>6672<br />
6.19 6.19<br />
2. ICICI Bank<br />
6.08 6.08<br />
LAN No. LADEL00010060968<br />
3. ICICI Bank 6.07 6.07<br />
(Rs. in lakhs)<br />
Repaid till Principal<br />
date Amount<br />
Outstanding<br />
as on<br />
31.07.2009<br />
4.72 1.47<br />
2.39 3.69<br />
171
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