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

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SECTION I DEFINITIONS AND ABBREVIATIONS Conventional / General Terms Term “Globus Spirits Limited” or “Globus ” or “the Company” or “the Issuer” or “GSL” Promoter(s) Promoter Group You, Your, Your’s Description Unless the context otherwise requires, refers to, Globus Spirits Limited, a public limited company incorporated under the Companies Act, 1956, and having its registered office at C-631, New Friends Colony, New Delhi – 110 065, India Shall mean jointly M/s Chand Bagh Investments Limited and Mr. Ajay Kumar Swarup. Shall mean • Mr. Madhav Kumar Swarup • Mrs. Saroj Rani Swarup • Mrs. Madhavi Swarup • Mr. Sekhar Swarup • Ms. Devika Swarup • Mr. Jwala Prasad Khaitan • Mrs. Urmila Khaitan • Mr. Anurag Khaitan • Associated Distilleries Limited • Northern India Alcohol Sales Private Limited • Rajasthan Distilleries Private Limited • Biotech India Limited • Vitthal Properties Private Limited • Jaroda Plantations Private Limited • Globus Infosys Private Limited • Rambagh Estates Private Limited • Shaktiman Properties Private Limited • Sidhi Estates Private Limited • Ridhi Estates Private Limited • Globus Spirits U.K. Limited and • Astral Capitals Private Limited Unless the context otherwise requires, refers to, investors Issue Related Terms Term Allotment/Allotted /Allocated Allottee Articles / Articles of Association/AoA Application Supported by Blocked Amount (ASBA) ASBA Investor ASBA Form Auditors Description Unless the context otherwise requires, the Issue/allotment of Equity Shares of the Company, pursuant to the Public Issue, to the successful Bidders The successful Bidder to whom the Equity Shares are being/have been allotted, pursuant to the Issue The Articles of Association of Globus Spirits Limited Means an application for subscribing to an issue containing an authorization to block the application money in a bank account means an Investor who intends to apply through ASBA process and a. is a “Resident Retail Individual Investor”; b. is bidding at cut-off, with single bid option as to the number of shares bid for; c. is applying through blocking of funds in a bank account with the SCSB; d. has agreed not to revise his/her bid; e. is not bidding under any of the reserved categories Bid cum Application form for Resident Retail Individual Investor intending to subscribe through ASBA The statutory auditors of the Company, being M/s B.M. i
Chatrath & Co., Chartered Accountants, D-26, Sector 3, Noida – 201301, Uttar Pradesh Banker(s) to the Issue ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited and ABN AMRO Bank Limited Bid An indication to make an offer made by a prospective investor during the Bidding/Issue Period to subscribe to the Equity Shares of the Company at a price within the Price Band, including all revisions and modifications thereto Bid Amount The highest value of the optional Bids indicated in the Bid cum Application Form and payable by the Bidder on submission of the Bid in the Issue Bid/Issue Closing Date The date after which the Syndicate Members to the Issue will not accept any Bids for the Issue; which shall be notified in an English language national newspaper, and a Hindi language national newspaper, both with wide circulation Bid / Issue Opening Date The date on which the Syndicate Members to the Issue shall start accepting Bids for the Issue; which shall be notified in an English national newspaper, and a Hindi national newspaper, both with wide circulation Bid-cum-Application Form The form in terms of which the Bidder shall make an offer to subscribe to/purchase the Equity Shares of the Company and which will be considered as the application for issue of the Equity Shares pursuant to the terms of this Red Herring Prospectus Bidder(s) Any prospective investor who makes a Bid for Equity Shares in terms of this Red Herring Prospectus and the Bid-cum- Application form through the Book Building Process Bidding / Issue Period The period between the Bid/Issue Opening Date and the Bid/Issue Closing Date inclusive of both days and during which period prospective investors can submit their Bids Board/Board of Directors The Board of Directors of Globus Spirits Limited or a committee thereof constituted Book Building Process / Method Book building process as provided under Chapter XI of the SEBI Guidelines, in terms of which this Issue is being made BRLMs/Book Running Lead Managers Book Running Lead Manager to the Issue, in this case being Srei Capital Markets Limited and Keynote Corporate Services Limited BSE Bombay Stock Exchange Limited Companies Act/ The Act The Companies Act, 1956, as amended from time to time CAN / Confirmation of Allocation Note Means the note, advice or intimation of allocation of Equity Shares sent to the Bidders who have been allocated Equity Shares after discovery of the Issue Price in accordance with the Book Building Process Cap Price The higher end of the Price Band, Rs. 100 per equity share in the Issue, above which the Issue Price will not be finalized and above which no bids will be accepted CARE Credit Analysis and Research Limited, a public limited company incorporated under the provisions of the Companies Act, 1956 and with its office at 3 rd Floor, Prasad Chambers, (Shagun Mall Building), 10A Shakespeare Sarani, Kolkata – 700 071 Cut-off / Cut-off Price The Issue Price finalised by the Company in consultation with the BRLMs. Only Retail Individual Bidders and Employees applying under Employee Reservation Portion who are applying for a maximum bid amount not exceeding Rs.1,00,000/- are entitled to Bid at the Cut-off Price, for a bid amount not exceeding Rs. 1,00,000/-. QIBs and Non Institutional Bidders are not entitled to Bid at the Cut-off Price. A Bid submitted at Cut-off Price is a valid Bid at all price levels within the Price Band Depositories Act The Depositories Act, 1996, as amended from time to time Depository/Depositories A depository registered with SEBI under the SEBI (Depositories and Participant) Regulations, 1996, as amended ii
Page 1 and 2: RED HERRING PROSPECTUS Please read
Page 3: TABLE OF CONTENTS SECTION TITLE PAG
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 and 36: Particulars For the Year/Period End
Page 37 and 38: BOARD OF DIRECTORS Name of the Dire
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
Page 118 and 119:
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
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:
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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
Page 138 and 139:
Date of Agreement: 12.1.1995 vide D
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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
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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
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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
Page 194 and 195:
ANNEXURE-XI STATEMENT OF CURRENT LI
Page 196 and 197:
Note: ** Information pertaining to
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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
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SHAREHOLDING Sl. No. Name of Shareh
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horticulture and agriculture in all
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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
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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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