RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
Prepayment Charges: 2% of the Prepaid Amount. years) M/s Chand Bagh Investments Ltd. DETAILS OF THE ABOVE CASH CREDIT FACILITIES ARE AS UNDER: Working Capital State Bank of India Rs. 2000 lakhs Interest Moratorium Prime/Collateral security Guarantees SBAR i.e., currently 11.75% p.a. at monthly rests. - Primary: First charge by way of Hypothecation on entire current assets of the Company. Collateral: Extension of charges on all fixed assets of the Company. Personal Guarantees 1. Mr. Madhav Kumar Swarup 2. Mr. Ajay Kumar Swarup Corporate Guarantees M/s Chand Bagh Investments Ltd. 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 21st July 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. DETAILS OF THE NON-FUND BASED FACILITIES ARE AS UNDER: Limit Purpose Margin Security Period Bank Guarantee (Domestic) Rs. 50 lakhs renewed vide SBI’s letter no. IFB/CREDIT/2009- 10/90 dated July 29, 2009. For issuance of Sales Tax/Excise/Customs/Security Deposit and for any other bonafide business purpose. 15% (However, 100% cash margin in case of guarantees covering disputed liabilities) Same as in Cash Credit Facility. 18 months Letters of Credit (WC- Inland/Import) For purchase of Raw Materials, Consumables, Stores etc. 15% Same As in Cash Credit Facility. Usance: Maximum – 90 Days Rs. 150 lakhs renewed vide SBI’s letter no. IFB/CREDIT/2009- 10/90 dated July 29, 2009 173
FINANCIAL AND OTHER INFORMATION OF COMPANIES PROMOTED/CONTROLLED BY THE PROMOTERS The information for the last 3 years based on the audited statements in respect of all the companies, firms, ventures, etc. promoted by the promoters irrespective of whether these are covered under section 370(1)(B) of the Companies Act, 1956 or not are given hereunder: 1. ASSOCIATED DISTILLERIES LIMITED Mr. Ajay Kumar Swarup and Mr. Anoop Bishnoi are the promoters of the Company. The company was incorporated on November 16, 1983, with the Registrar of Companies, Delhi & Haryana, as a public limited company, with its registered office at C-631, New Friends Colony, New Delhi-110065. The main objects comprises of carrying on business as manufacturers, and traders of whisky, gin, rum, brandy, country liquor, industrial alcohol, absolute alcohol, spirits etc. BOARD OF DIRECTORS Mr. Dhruv Kumar Mr. Rajat Sangal Mr. Kanshi Prasad Pandey SHAREHOLDING Sl. No. Name of Shareholder No. of Shares held %age Shareholding 1. Mr. Anoop Bishnoi 15,000 2.78 2. Mr. Madhav Kumar Swarup 95,000 17.59 3. Mrs. Saroj Rani Swarup 85,000 15.74 4. Mrs. Madhavi Swarup 15,000 2.78 5. Others 3,30,000 61.11 TOTAL 5,40,000 100.00 The financial highlights for the last 3 years are given below: Year Ended March 31 2008-09 (Audited) 2007-08 (Audited) (Rs. in lakhs) 2006-07 (Audited) Sales 3859.32 5137.93 5415.94 Total Income 3795.35 5150.64 5420.42 Profit after tax (PAT) 43.88 51.62 54.92 Share Capital (1) 54.00 54.00 54.00 Reserves 412.17 368.29 316.67 (excluding revaluation reserve) Earnings per share (EPS) (Rs.) 8.13 9.56 10.17 Net Asset Value (NAV) per share (Rs.) 86.33 78.20 68.64 Net worth 466.17 422.29 370.68 Source: Audited Financial Statements Notes: 1. Face value of each equity share is Rs.10/-. 2. For the calculation of Earnings Per Share and Net Asset Value per share, number of equity shares outstanding at the end of the year has been considered. 3. Networth means aggregate of value of the paid-up share capital and free reserves (excluding revaluation reserves) reduced by the aggregate value of accumulated 174
- Page 150 and 151: 22.08.1995 • Change in Authorised
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- Page 226 and 227: (b). Recovery Suits 1. Globus Agron
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FINANCIAL AND OTHER INFORMATION OF COMPANIES PROMOTED/CONTROLLED BY<br />
THE PROMOTERS<br />
The information for the last 3 years based on the audited statements in respect of all the<br />
companies, firms, ventures, etc. promoted by the promoters irrespective of whether these are<br />
covered under section 370(1)(B) of the Companies Act, 1956 or not are given hereunder:<br />
1. ASSOCIATED DISTILLERIES LIMITED<br />
Mr. Ajay Kumar Swarup and Mr. Anoop Bishnoi are the promoters of the Company.<br />
The company was incorporated on November 16, 1983, with the Registrar of Companies,<br />
Delhi & Haryana, as a public limited company, with its registered office at C-631, New<br />
Friends Colony, New Delhi-110065. The main objects comprises of carrying on business as<br />
manufacturers, and traders of whisky, gin, rum, brandy, country liquor, industrial alcohol,<br />
absolute alcohol, spirits etc.<br />
BOARD OF DIRECTORS<br />
Mr. Dhruv Kumar<br />
Mr. Rajat Sangal<br />
Mr. Kanshi Prasad Pandey<br />
SHAREHOLDING<br />
Sl.<br />
No.<br />
Name of Shareholder<br />
No. of Shares<br />
held<br />
%age<br />
Shareholding<br />
1. Mr. Anoop Bishnoi 15,000 2.78<br />
2. Mr. Madhav Kumar Swarup 95,000 17.59<br />
3. Mrs. Saroj Rani Swarup 85,000 15.74<br />
4. Mrs. Madhavi Swarup 15,000 2.78<br />
5. Others 3,30,000 61.11<br />
TOTAL 5,40,000 100.00<br />
The financial highlights for the last 3 years are given below:<br />
Year Ended March 31 2008-09<br />
(Audited)<br />
2007-08<br />
(Audited)<br />
(Rs. in lakhs)<br />
2006-07<br />
(Audited)<br />
Sales 3859.32 5137.93 5415.94<br />
Total Income 3795.35 5150.64 5420.42<br />
Profit after tax (PAT) 43.88 51.62 54.92<br />
Share Capital (1) 54.00 54.00 54.00<br />
Reserves<br />
412.17 368.29 316.67<br />
(excluding revaluation reserve)<br />
Earnings per share (EPS) (Rs.) 8.13 9.56 10.17<br />
Net Asset Value (NAV) per share (Rs.) 86.33 78.20 68.64<br />
Net worth 466.17 422.29 370.68<br />
Source: Audited Financial Statements<br />
Notes:<br />
1. Face value of each equity share is Rs.10/-.<br />
2. For the calculation of Earnings Per Share and Net Asset Value per share, number of<br />
equity shares outstanding at the end of the year has been considered.<br />
3. Networth means aggregate of value of the paid-up share capital and free reserves<br />
(excluding revaluation reserves) reduced by the aggregate value of accumulated<br />
174
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