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

Private Limited
2 Biotech India Limited (0.74) (1.39) (1.09)
3 Vitthal Properties Private Limited (0.14) (0.03) (1.14)
4 Shaktiman Properties Private
(0.15) (0.004) (1.54)
Limited
5 Sidhi Estates Private Limited (0.13) (0.04) (0.94)
6 Ridhi Estates Private Limited (0.12) (0.04) (1.02)
7 Chand Bagh Investments Limited 1.89 11.47 (21.85)
8 Rajasthan Distilleries Private
Nil Nil (1.58)
Limited
9 Jaroda Plantations Private
Limited
0.58 30.78 (0.88)
Companies promoted by the promoter viz , Globus Infosys Private Limited, Globus Spirits
U.K. Limited and Company wherein Mr. Ajay Kumar Swarup holds 82.5% viz Astral Capitals
Private Limited are inactive and not doing any business during the last three financial
years.
19. Common pursuits: The Company’s Promoter has promoted other companies in
similar business within the alcohol industry segment, which may affect Globus
Spirit’s growth on account of likely conflict of interests.
The following companies, which are in similar distillery/alcohol business, have been
promoted by the promoter of Globus Spirits Limited. Mr. Ajay Kumar Swarup, promoter of
Globus Spirits Ltd., may be considered interested in these companies. Being in the same
industry, the same may lead to conflict of interest between Globus Spirits Limited and the
following companies promoted and/or controlled by him.
Name of the Concern Type of Concern Nature of Interest
Associated Distilleries
Ltd.(ADL)
Rajasthan Distilleries
Pvt. Ltd.
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.
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
Company has purchased rectified
spirit worth Rs. 61.22 lakhs during
year ended 31.03.09 from ADL.
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.
Promoted by Mr. Ajay Kumar
Swarup and Mr. Anoop
Bishnoi.
Besides, Mrs. Madhavi
Swarup (Mr. Ajay Swarup’s
wife), Mr. Madhav Kumar
Swarup (his father), Mrs.
Saroj Rani Swarup (his
mother) together hold
36.11% of the company’s
equity. Mr. Anoop Bishnoi
holds 2.78% of the 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
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