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

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New-Delhi. which on account of any non payment by any party for supplies made the loss shall be shared between the Associated Distilleries Ltd. and M/s Essar Liquor. However for some supplies made against which payment was not received M/s Essar Liquor issued cheques which were dishonoured. Hence Associated Distilleries Ltd., filed a suit for recovery. AGAINST OR BY THE PROMOTERS: There are no cases / litigations filed by or against the promoters (i.e., M/s Chand Bagh Investments Limited and Mr. Ajay Kumar Swarup). There are no pending litigations by or against the directors, or group companies except as stated herein above. The promoters, members of the promoters group, issuer, and companies/firms promoted by promoters are not detained as wilful defaulters by the Reserve Bank of India/Government authorities and there are no violations of securities laws committed by them in the past or pending against them. 205
MATERIAL DEVELOPMENTS In the opinion of the Board of Directors of the Company, there have not arisen, since the date of the last financial statement disclosed in the Red Herring Prospectus, any circumstances that materially or adversely affect or are likely to affect the profitability of the Company or the value of its assets or their ability to pay their material liabilities within the next twelve months. GOVERNMENT APPROVALS/LICENSING ARRANGEMENTS As per Notification No. FEMA 20 / 2000 - RB dated 3rd May 2000, as amended from time to time, under automatic route of Reserve Bank, the Company is not required to make an application for Issue of Equity Shares to NRIs/FIIs with repatriation benefits. However, the allotment / transfer of the Equity Shares to NRIs/FIIs shall be subject to prevailing RBI Guidelines. Sale proceeds of such investments in Equity Shares will be allowed to be repatriated along with the income thereon subject to the permission of the RBI and subject to the Indian tax laws and regulations and any other applicable laws. The Company has all the necessary licenses, permissions and approvals, as may be applicable, from the Central and State Governments and other government agencies/certification bodies required for the business and no further approvals are required by the Company, except those approvals that may be required to be taken from any government or any other authority in the normal course of business from time to time to continue the activities, and those mentioned under the heading Risks Envisaged. It must, however, be distinctly understood that in granting the below-mentioned approvals, the Government and other authorities do not take any responsibility for the financial soundness of the Company or for the correctness of any of the statements or any commitments made or opinions expressed. In view of the approvals listed below, the Company can undertake this Issue and its current and proposed business activities and no further material approvals are required from any Government authority to continue such activities. The following statement sets out the details of licences, permissions and approvals taken by the Company under various Central and State Laws for carrying out its business: I. BEHROR UNIT, RAJASTHAN Sl. No. Name of Registration Licence/Registration No. & Date Name of Issuing Authority/Department 1. Tax Identification Number (TIN) 08820700102 dated 26.8.1995 2. Central Sales Tax Registration (For Behror Unit) 3. Rajasthan Sales Tax Registration (For Behror Unit) Valid until cancelled. No. CST/0206/05103/ BEHROR dated 26.8.1995 Valid from 21.3.1995 until cancelled. No. CST/0206/05103/ BEHROR dated 26.8.1995 Asst. Commercial Taxation Officer Behror Circle- Bhiwadi Rajasthan Commercial Taxation Officer Behror Circle- Bhiwadi Rajasthan Assessing Authority 4. RD-1 License to work Distillery in Premises. Licence to manufacture Spirit Grain,/on-molasses and Molasses based and bottle IMFL in the distillery. (For Behror Unit) Valid from 21.3.1995 until cancelled. No. 5/98-99 dated 16.3.1999 Renewed upto 31.03.2010. Excise Rajasthan Udaipur Rajasthan Commissioner, 5. Permission u/s 25/26 of Water No. F-12(2-198) RPCB/ G.I/ Rajasthan State Pollution 206
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RED HERRING PROSPECTUS Please read
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TABLE OF CONTENTS SECTION TITLE PAG
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Chatrath & Co., Chartered Accountan
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Margin Amount Memorandum of Associa
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Company/Industry Related Terms/Tech
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NRE Account Non Resident External A
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• Company’s ability to successf
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The Company constantly endeavours t
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The Company has reported a net nega
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the Excise and liquor sourcing poli
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Writ Petitions related to notificat
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Northern India Alcohol Sales Pvt. L
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8. Dependence on agri products Mana
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l. In addition to the BRLMs, the Co
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enforced prohibition in 1996, but h
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THE ISSUE Equity Shares offered: Fr
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Particulars As on 31.03.2005 31.03.
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Particulars For the Year/Period End
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BOARD OF DIRECTORS Name of the Dire
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Jawahar Vyapar Bhawan, 14th Floor 1
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STATEMENT OF INTER SE ALLOCATION OF
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The grading is however, constrained
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Industry Outlook & Prospects The do
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on a proportionate basis. For furth
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CAPITAL STRUCTURE OF THE COMPANY Sh
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others # 17.4.1995 $ 2,11,640 10 47
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1.11.1994 Acquisition 18,75,000 10
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Category Code Category of Sharehold
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8. Mr. Ashok Kumar 33 0.0003 9. Mr.
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OBJECTS OF THE ISSUE The Company pr
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In case of variations in the actual
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1. Plant and Machinery for 35 KLPD
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Taxes & Duties 127.00 Total 918.00
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Franchise Fees - - - 4.00 Bond Fees
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Mass Media options: • Hoardings 3
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Alcobrew has vide its letter dated
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K GENERAL CORPORATE PURPOSES: The l
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FUNDS DEPLOYED As per the certifica
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Terms of Payment Margin Amount empl
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BASIS FOR ISSUE PRICE The Issue Pri
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Note: The average return on net wor
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STATEMENT OF TAX BENEFITS TAX BENEF
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According to section 10(38) of the
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As per the provisions of Section 11
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Tax. However, the aforesaid income
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SECTION IV: ABOUT THE ISSUER COMPAN
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In India alcohol is largely produce
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Government Policy & Regulations The
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• Scotch rose by 7.0%. Scotch bra
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substantial market share to India s
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As the Company is increasing its In
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Higher level of instrumentation has
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II. ORDERS ALREADY PLACED: Sl. No 1
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Engineering, Plot No. 65, Bhagwati
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2 nd Stage (Bio-composting) The was
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converts the slurry into a hydrated
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FLOW CHART OF FINISHING GOODS Recti
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The availability of grain particula
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Domestic - 10 KL Per Day TOTAL - 14
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Power Generation Present Requiremen
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The Spent Wash generated from disti
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• White Lace Duet Gin GR 8 Times
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Indian IMFL Industry has undergone
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Certificate dated 23 rd January 200
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6. Manufacturing Agreement Parties:
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its distinct identity in the Countr
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PROPERTY A. Properties owned by the
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Date of Agreement: 25.3.1995 vide D
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Date of Agreement: 12.1.1995 vide D
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27. M/s Globus Agronics Limited Dat
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Parties Sub-Lessor Associated Disti
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Class 33 (Thirty Three) Applicant G
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Sr. No Mark Registration Number Cla
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BRIEF HISTORY AND OTHER CORPORATE M
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22.08.1995 • Change in Authorised
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DIN: 00769308 01.08.2009) Term: 3 y
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Limited in 1983 and later promoted
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Industrial Engineer where he was re
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If at any time the director ceases
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CORPORATE GOVERNANCE CORPORATE GOVE
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1. To scrutinize the Share transfer
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Further, the Directors are also int
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Chart 1: BEHROR UNIT, RAJASTHAN 139
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141
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joined Radico Khaitan Limited in 19
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PROMOTERS Mr. Ajay Kumar Swarup and
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Sl. No. Name of Shareholder No. of
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Related Party Transactions For deta
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estatements and regroupings as cons
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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 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 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
Page 248 and 249: Others The total fees payable to th
Page 250 and 251: The auditors of the Company are app
Page 252 and 253: • Right to receive surplus on liq
Page 254 and 255: Application by Eligible NRIs/FIIs r
Page 256 and 257: Market Lot Share Who can apply ** E
Page 258 and 259: ISSUE PROCEDURE Principal Terms And
Page 260 and 261: one Bid in the ASBA Bid cum Applica
Page 262 and 263: exchange in India only in favour of
Page 264 and 265: Bidders are advised to ensure that
Page 266 and 267: 2. In accordance with the SEBI guid
Page 268 and 269: The Bidders may note that the Escro
Page 270 and 271: ) The book gets built up at various
Page 272 and 273: Filing of the Red Herring Prospectu
Page 274 and 275: c. Do not Bid on another Bid-cum-Ap
Page 276 and 277: The Company in its absolute discret
Page 278 and 279: In case of Bids made by Insurance C
Page 280 and 281: c) In case of Resident QIB Bidders:
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application received and a photo ma
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Herring Prospectus and as per the i
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have submitted Bids at or above the
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EQUITY SHARES IN DEMATERIALIZED FOR
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the disclosed manner and/ or demat
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The Company will provide adequate f
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Our Company, in consultation with t
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• The BRLMs shall ensure that ade
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eceived the ASBA in a physical or e
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ank account and not to the Bankers
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In case of ASBA Bids made pursuant
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SECTION IX MAIN PROVISIONS OF THE A
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CAPITAL AND INCREASE AND REDUCTION
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to accept the shares offered, the B
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in lieu thereof, to the satisfactio
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30. A call may be revoked or postpo
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46. The Board may, at anytime befor
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The Board may, at any time, give no
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10. The Register and Index of benef
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that in the case of an Annual Gener
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committee or other legal guardian;
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DIRECTORS (8) The book containing t
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notwithstanding fixed by the Articl
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(a) a director in such company, and
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the Board may by resolution vest in
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(a) (b) the names of the Directors
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mortgage may contain a power of sal
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(b) The Company shall also be at, l
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174. For the purpose of giving effe
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Register of Members, shall have bee
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Documents for Inspection i) Memoran
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DECLARATION All the relevant provis
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RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

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