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

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GENERAL INFORMATION GLOBUS SPIRITS LIMITED Incorporation The Company was originally incorporated as Globus Agronics Limited on February 16, 1993 with the Registrar of Companies, Delhi & Haryana, and obtained the Certificate of Commencement of Business on March 19, 1993. The name of the Company was subsequently changed to Globus Spirits Limited vide a fresh Certificate of Incorporation obtained on January 23, 2007 from the Registrar of Companies, Delhi and Haryana at New Delhi. Registered Office C-631, New Friends Colony, New Delhi – 110 065 India Pin: 110065 Tel.: +91 11 26928130 Fax: +91 11 26822805 E-mail: ipo@globusgroup.in Website: www.globusspirits.com The Company’s Registered Office was situated originally at 14, Central Lane, Bengali Market, New Delhi – 110 001. With effect from July 17, 1995, the registered office was shifted to 2-D Vandana Building, Tolstoy Marg, New Delhi – 110 001. The Registered Office was later shifted to C-631, New Friends Colony, New Delhi – 110 065 on August 11, 2003. Corporate Office: D-26, Sector 3 Noida – 201 301 Uttar Pradesh India Tel.: +91 120 4245442 Telefax: +91 120 4245443 Company Registration No.: 55-52177 CIN No: U74899DL1993PLC052177 Address of the Registrar of Companies: Registrar of Companies, Delhi & Haryana IFCI Tower, 4th Floor 61, Nehru Place New Delhi - 110 019 Production Facilities: 1. Unit I : Village Shyampur, Tehsil Behror District Alwar – 301 701 Rajasthan Ph No. : (01494) 516340 2. Unit II: 4 KM, Chulkana Road Samalkha – 132 101 District Panipat Haryana Ph No. : (0180) 2570122 9
BOARD OF DIRECTORS Name of the Director Designation Status Mr. Gautam Premnath Chairman Non-Executive & Independent Director Khandelwal Mr. Ajay Kumar Swarup Managing Director Executive & Non-Independent Director Mr. Manik Lal Dutta Executive Director Executive & Non-Independent Director Mr. Rajesh Kumar Malik Whole-Time Director Executive & Non-Independent Director Mr. Rameshwar Dayal Aggarwal Whole-Time Director Executive & Non-Independent Director Mr. Deepak Roy Director Non-Executive Director Mr. Joginder Singh Dhamija Director Non Executive & Independent Director Mr. Santosh Kumar Bishwal Director Non Executive & Independent Director Brief Profile of the Chairman, Managing Director, Whole-time Directors Mr. Gautam Premnath Khandelwal, Non-Executive Chairman Mr. Gautam Premnath Khandelwal, aged 47 years is the Non-Executive Chairman of the Company. He completed his High School from The Doon School and B.A. (Economics) from Elphinstone College, Mumbai. Mr. Khandelwal started his career as a Management Trainee with Khandelwal Group in 1984, and later became Chief Executive of Khandelwal Laboratories Pvt. Ltd. He was Director of Stellar Chemical Laboratories Pvt Ltd., and moved on to become the Vice Chairman & Managing Director of KFA Group in 1993, where he successfully turned around the Company. He is the Chairman of Nagpur Power & Industries Limited. He was a Director of Khandelwal Otsuka Pharmaceuticals Limited. He is the Chairman of Informed Technologies India Limited since 1999. Mr. Khandelwal has over 23 years of vast experience in senior managerial positions and he is on the Board of many companies such as Nagpur Power & Industries Ltd., Informed Technologies India Ltd., Khandelwals Ltd. U.K., Khandelwal Remedies Pvt. Ltd., Zeppelin Investments Pvt. Ltd., Megnachem Pharmaceuticals Pvt. Ltd., The Motwane Mfg. Co. Pvt. Ltd., Krohm Solutions Pvt. Ltd., Punjab National Bank and M/s. MW.Com (India) Pvt. Ltd. Mr. Khandelwal was appointed as Chairman of the Board of the Company on April 17, 2007. Mr. Ajay Kumar Swarup, Managing Director Mr. Ajay Kumar Swarup, aged 50 years, is the Promoter and Managing Director of the Company. After completing his schooling from Doon School, he completed B.A. (Honours) in Economics from St. Stephens College, Delhi University and PGDBM from the Indian Institute of Management, Kolkata. Mr. Ajay Swarup has been associated with the Company since inception and has over 24 years of experience in the alcohol and distillery industry. He started his career with SVP Industries Ltd., an alcohol and distillery company; co-promoted Associated Distilleries Limited in 1983 and later promoted Globus Spirits Ltd. in 1993. He was the President of All India Distillers Association between March 1992 and July 1995. Mr. Swarup manages the day-to-day affairs of the Company and is responsible for business policies, strategic decisions, business development etc. As a strategic planner with a hands-on approach, he has been instrumental in the growth of the Company to this level. Mr. Swarup was appointed as Managing Director of the Company w.e.f 1.12.2006. Mr. Manik Lal Dutta, Executive Director Mr. Manik Lal Dutta, aged 63, is Executive Director of the Company. He is a M. Tech from Calcutta University and a Post Graduate Diploma in Business Management from Calcutta Institute of Management. He joined the Company in August, 2006, and has over 36 years of experience in the alcohol industry in the areas of project execution, commissioning, plant optimization, plant operation, development of IMFL blends and brands, maintenance and production planning and, quality control at various stages of liquor manufacture. Mr. Dutta started his career as Management Trainee in 1970 with Carew & Co., owned by UB Group. He later joined Rampur Distillery as Distiller-cum-Blender and rejoined UB Group in 1982 by taking charge of Srirampur Distillery. He later moved to MCD Rosa and again joined UB Group at its Udaipur Distillery as Director-in-charge in 1990. From 1998 onwards, Mr. Dutta was Divisional Vice President (Manufacturing-North) of UB Group with complete responsibility for production and management of distilleries in North India and Nepal. At Globus Spirits, Mr. Dutta is the overall in-charge and responsible for production, planning, IMFL blends, brand development etc. 10
Page 1 and 2: RED HERRING PROSPECTUS Please read
Page 3 and 4: TABLE OF CONTENTS SECTION TITLE PAG
Page 5 and 6: Chatrath & Co., Chartered Accountan
Page 7 and 8: Margin Amount Memorandum of Associa
Page 9 and 10: Company/Industry Related Terms/Tech
Page 11 and 12: NRE Account Non Resident External A
Page 13 and 14: • Company’s ability to successf
Page 15 and 16: The Company constantly endeavours t
Page 17 and 18: The Company has reported a net nega
Page 19 and 20: the Excise and liquor sourcing poli
Page 21 and 22: Writ Petitions related to notificat
Page 23 and 24: Northern India Alcohol Sales Pvt. L
Page 25 and 26: 8. Dependence on agri products Mana
Page 27 and 28: l. In addition to the BRLMs, the Co
Page 29 and 30: enforced prohibition in 1996, but h
Page 31 and 32: THE ISSUE Equity Shares offered: Fr
Page 33 and 34: Particulars As on 31.03.2005 31.03.
Page 35: Particulars For the Year/Period End
Page 39 and 40: Jawahar Vyapar Bhawan, 14th Floor 1
Page 41 and 42: STATEMENT OF INTER SE ALLOCATION OF
Page 43 and 44: The grading is however, constrained
Page 45 and 46: Industry Outlook & Prospects The do
Page 47 and 48: on a proportionate basis. For furth
Page 49 and 50: CAPITAL STRUCTURE OF THE COMPANY Sh
Page 51 and 52: others # 17.4.1995 $ 2,11,640 10 47
Page 53 and 54: 1.11.1994 Acquisition 18,75,000 10
Page 55 and 56: Category Code Category of Sharehold
Page 57 and 58: 8. Mr. Ashok Kumar 33 0.0003 9. Mr.
Page 59 and 60: OBJECTS OF THE ISSUE The Company pr
Page 61 and 62: In case of variations in the actual
Page 63 and 64: 1. Plant and Machinery for 35 KLPD
Page 65 and 66: Taxes & Duties 127.00 Total 918.00
Page 67 and 68: Franchise Fees - - - 4.00 Bond Fees
Page 69 and 70: Mass Media options: • Hoardings 3
Page 71 and 72: Alcobrew has vide its letter dated
Page 73 and 74: K GENERAL CORPORATE PURPOSES: The l
Page 75 and 76: FUNDS DEPLOYED As per the certifica
Page 77 and 78: Terms of Payment Margin Amount empl
Page 79 and 80: BASIS FOR ISSUE PRICE The Issue Pri
Page 81 and 82: Note: The average return on net wor
Page 83 and 84: STATEMENT OF TAX BENEFITS TAX BENEF
Page 85 and 86: According to section 10(38) of the
Page 87 and 88:
As per the provisions of Section 11
Page 89 and 90:
Tax. However, the aforesaid income
Page 91 and 92:
SECTION IV: ABOUT THE ISSUER COMPAN
Page 93 and 94:
In India alcohol is largely produce
Page 95 and 96:
Government Policy & Regulations The
Page 97 and 98:
• Scotch rose by 7.0%. Scotch bra
Page 99 and 100:
substantial market share to India s
Page 101 and 102:
As the Company is increasing its In
Page 103 and 104:
Higher level of instrumentation has
Page 105 and 106:
II. ORDERS ALREADY PLACED: Sl. No 1
Page 107 and 108:
Engineering, Plot No. 65, Bhagwati
Page 109 and 110:
2 nd Stage (Bio-composting) The was
Page 111 and 112:
converts the slurry into a hydrated
Page 114 and 115:
FLOW CHART OF FINISHING GOODS Recti
Page 116 and 117:
The availability of grain particula
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Domestic - 10 KL Per Day TOTAL - 14
Page 120 and 121:
Power Generation Present Requiremen
Page 122 and 123:
The Spent Wash generated from disti
Page 124 and 125:
• White Lace Duet Gin GR 8 Times
Page 126 and 127:
Indian IMFL Industry has undergone
Page 128 and 129:
Certificate dated 23 rd January 200
Page 130 and 131:
6. Manufacturing Agreement Parties:
Page 132 and 133:
its distinct identity in the Countr
Page 134 and 135:
PROPERTY A. Properties owned by the
Page 136 and 137:
Date of Agreement: 25.3.1995 vide D
Page 138 and 139:
Date of Agreement: 12.1.1995 vide D
Page 140 and 141:
27. M/s Globus Agronics Limited Dat
Page 142 and 143:
Parties Sub-Lessor Associated Disti
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Class 33 (Thirty Three) Applicant G
Page 146 and 147:
Sr. No Mark Registration Number Cla
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
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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
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joined Radico Khaitan Limited in 19
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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-
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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
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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
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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
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:
Page 282 and 283:
application received and a photo ma
Page 284 and 285:
Herring Prospectus and as per the i
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
Page 300 and 301:
ank account and not to the Bankers
Page 302 and 303:
In case of ASBA Bids made pursuant
Page 304 and 305:
SECTION IX MAIN PROVISIONS OF THE A
Page 306 and 307:
CAPITAL AND INCREASE AND REDUCTION
Page 308 and 309:
to accept the shares offered, the B
Page 310 and 311:
in lieu thereof, to the satisfactio
Page 312 and 313:
30. A call may be revoked or postpo
Page 314 and 315:
46. The Board may, at anytime befor
Page 316 and 317:
The Board may, at any time, give no
Page 318 and 319:
10. The Register and Index of benef
Page 320 and 321:
that in the case of an Annual Gener
Page 322 and 323:
committee or other legal guardian;
Page 324 and 325:
DIRECTORS (8) The book containing t
Page 326 and 327:
notwithstanding fixed by the Articl
Page 328 and 329:
(a) a director in such company, and
Page 330 and 331:
the Board may by resolution vest in
Page 332 and 333:
(a) (b) the names of the Directors
Page 334 and 335:
mortgage may contain a power of sal
Page 336 and 337:
(b) The Company shall also be at, l
Page 338 and 339:
174. For the purpose of giving effe
Page 340 and 341:
Register of Members, shall have bee
Page 342 and 343:
Documents for Inspection i) Memoran
Page 344:
DECLARATION All the relevant provis
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RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

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