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

Up-front Fee
Commitment Fee
Repayment Schedule
Prepayment charges
Critical Condition
bank/any other lender- penal interest of 2% to be levied for the
period of such defaults.
1.00% of the Term Loan amount, minimum Rs. 15.00 lakhs
1.20 % for delayed draw down beyond 2 months.
12 quarterly instalments of Rs. 1.00 crores each commencing from
June 2010 and ending in March 2013.
2.00% of the prepaid amount.
Term Loan would be disbursed only after all documentation / EM
formalities are in place.
DETAILED BREAK-UP OF PROJECT COST
The disbursement of term loan will be made either by making direct
payments to the suppliers of these machines or against copies of
invoices and evidence of payment together with CA’s certificate as
regards the total expenditure incurred on the project.
The Term Loan will be released only after the successful completion of
the Company’s planned IPO.
The Company proposes to gear up for modernization and expansion of its production facilities at
Behror in the state of Rajasthan and, Samalkha in the state of Haryana.
The detailed break-up of the Project cost under the various heads has been estimated as under:
(As per the Financial Appraisal of State Bank of India dated September 5, 2008)
Details of Project Cost:
A. Multi-Pressure Distillation Section at Behror Unit
Sl.
No
1.
Item of Assets / Machinery Qty. Cost Supplier
35,000 LPD Wash to ENA Multi-Pressure
Distillation Plant with complete Piping,
Insulation, Valves, Electrical and
Instrumentation.
Auxiliaries
(Cooling Tower, CW Recirculation Pumps,
Piping, Valves & Electrical)
Rs. in lakhs
1 522.00 PRAJ Industries Ltd.
PRAJ House Bavdhan
Pune – 411 021
- 16.00 - do -
Erection of above machinery - 18.00 Pacecon Engineering
Projects Ltd.
Packing & Forwarding, Transportation - 21.00 PRAJ Industries Ltd.
and Transit Insurance
PRAJ House Bavdhan
Pune – 411 021
Civil and Structural Design for machinery - 6.00 - do -
Taxes & Duties 93.00
Total 676.00
Quotation No. BDN:HMT:GAL:O:234 dated December 13, 2006 of M/s PRAJ Industries
Limited, PRAJ House, Bavdhan, Pune – 411 021.
The Company has placed Order for the above equipments vide its Order dated December 16,
2007. Praj Industries Limited has vide their letter dated July 09, 2009 informed the
Company that they have completed all pre engineering works and the machineries are under
fabrication and will be ready for dispatch within 4 to 5 months from 09.07.2009
B. Multi-Pressure Grain Based Distillation Section at Samlakha Unit
Sl.
No
Item of Assets / Machinery Qty. Cost Supplier
Rs. in lakhs
35