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

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The auditors of the Company are appointed (and reappointed) in accordance with provisions of the Companies Act and their remuneration, rights and duties are regulated by section 2<strong>24</strong> to 233 of the Companies Act. There have been no changes of statutory auditors in the last three years. M/s B.M. Chatrath & Co., Chartered Accountants were re-appointed as Statutory Auditors of the Company at the AGM held on September 30, 2008. 26. Capitalisation of Reserves Or Profits The Company has till date not capitalized the reserves or profits, except for the Bonus Issue on 2.11.1995 by offering 12 equity shares for every 10 equity shares held by the then existing shareholders; and later on 8.6.2007 by another Bonus Issue by offering 1 Equity Share for every 2 Equity Shares held. 27. Revaluation of assets, if any The Company has not revalued its Fixed Assets since incorporation. 223
SECTION VIII ISSUE RELATED INFORMATION TERMS OF THE ISSUE The Equity Shares being offered are subject to the provisions of the Companies Act, the Memorandum and Articles of the Company, the terms of the Red Herring Prospectus, Bid cum Application Form, the Revision Form, the Confirmation of Allocation Note (CAN) and other terms and conditions as may be incorporated in the allotment advice and other documents / certificates that may be executed in respect of the Issue. The Equity Shares shall also be subject to laws as applicable, guidelines, notifications, and regulations relating to the Issue of capital, listing and trading of securities issued from time to time by SEBI / Government of India / Stock Exchanges / RBI / ROC and / or other authorities, as in force on the date of the Issue and to the extent applicable. Authority for the Issue The issue of Equity Shares by the Company was authorised by the resolution of the Board of Directors passed at their meeting held on April 2, 2009, which was subject to the approval of shareholders through a special resolution to be passed pursuant to Section 81 (1A) of the Companies Act. Subsequently, on May 29, 2009, the shareholders approved the Issue at the Extra-Ordinary General Meeting of the Company held at New Delhi. Ranking of Equity Shares The Equity Shares being offered shall be subject to the provisions of the Companies Act, Memorandum and Articles of the Company and shall rank pari passu in all respects with the other existing Equity Shares of the Company including rights in respect of dividend. The allotees will be entitled to dividends and other corporate benefits, if any, declared by the company after the date of allotment. For a description of the Company’s Articles of Association, please refer to “Main Provisions of the Articles of Association of the Company” on page no. 277 of this Red Herring Prospectus. Mode of payment of dividend The declaration and payment of dividends will be recommended by the Company’s Board of Directors and its shareholders, at their discretion, and will depend on a number of factors, including but not limited to the Company’s earnings, capital requirements and overall financial condition. Face Value and Issue Price The Equity Shares with a face value of Rs.10 each are being offered in terms of this Red Herring Prospectus at an Issue price of Rs. [●], which is [●], times the face value. At any given point of time, there shall be only one denomination for the Equity Shares of the Company subject to applicable laws. Dividend shall be paid to the shareholders as per provisions of the Companies Act Compliance with SEBI DIP Guidelines The Company shall comply with all disclosure and accounting norms as specified by SEBI from time to time. In this regard the Company has appointed Mr. Santosh Kumar Pattanayak, Company Secretary as the Compliance Officer of the Company. Rights of the Equity Shareholder Subject to applicable laws, regulations, rules and guidelines and the Memorandum and Articles of Association, the Equity shareholders shall have the following rights: • Right to receive dividend, if declared • Right to receive notice, annual reports, attend general meetings and exercise voting powers, unless prohibited by law • Right to vote on a poll either in person or by proxy • Right to receive offers for rights shares and be allotted bonus shares, if announced. 2<strong>24</strong>
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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
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At each balance sheet an assessment
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Particulars Key Management Personal
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Particulars Associates Key Manageme
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ENA BL 44.93 1477.37 14.06 1080.81
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AS ON PARTICULARS 31-Mar-05 31-Mar-
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guaranteed by Sh. Madhav K. Swarup
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ANNEXURE-XI STATEMENT OF CURRENT LI
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Note: ** Information pertaining to
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EXISTING BORROWING FACILITIES The C
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Page 206 and 207: 3. Networth means aggregate of valu
Page 208 and 209: SHAREHOLDING Sl. No. Name of Shareh
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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
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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
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Page 246 and 247: person consequent to or in connecti
Page 248 and 249: Others The total fees payable to th
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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:
Page 282 and 283: application received and a photo ma
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Page 286 and 287: have submitted Bids at or above the
Page 288 and 289: EQUITY SHARES IN DEMATERIALIZED FOR
Page 290 and 291: the disclosed manner and/ or demat
Page 292 and 293: The Company will provide adequate f
Page 294 and 295: Our Company, in consultation with t
Page 296 and 297: • The BRLMs shall ensure that ade
Page 298 and 299: 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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