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

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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
1. Plant and Machinery for 35 KLPD Slurry Mixing and Liquefaction, Saccarification cum Fermentation, Wash To ENA Multipressure Distillation along with Auxiliaries, Electrical, Instrumentation and Installation/Erection. Plant and Machinery For <strong>24</strong>0 KLPD Grain Thin Slops Evaporation & Part Decantation (Excludes Centrifuge Decanter) and Recycle in The Distillery along with Auxiliaries, Electrical, Instrumentation & Installation/Erection services Grain Cleaning, Milling, Flour Weighment & Conveying Spirit Receiver And Storage Section For 30 Days Plant Electrification Comprising Of HT/LT Substation, 4 P Transformer, Power Control Centre, DG Sets, Cabling, Plant & Yard Lighting, Earthing etc. Buildings, Civil & Structural Work for Complete Distillery: Main Plant, Effluent Treatment, Administration Building, Roads, Land Development Taxes and Duties/Other expenses 250 TOTAL FOR COST 2665 1 1260 PRAJ Industries Ltd. PRAJ House Bavdhan Pune – 411 021 - 490 - do - - 70 * Fabrication at Company site through local suppliers and contractors under supervision of PRAJ. - 90 * Fabrication at Company site through local suppliers and contractors under supervision of PRAJ. - 80 * Fabrication at Company site through local suppliers and contractors under supervision of PRAJ. - 425 * Fabrication at Company site through local suppliers and contractors under supervision of PRAJ. Quotation No. BDN:HMT:GSL:O:302 dated March 2, 2007 of M/s PRAJ Industries Limited, PRAJ House, Bavdhan, Pune – 411 021. Further, vide letter no. BDN:HMT:GSL:423 dated October 22, 2007, the validity was extended by another 60 days i.e., till December 21, 2007. The Company has placed Order for the above equipments to be directly supplied by PRAJ Industries 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. C. a. 75 KLPD Total Spirit Based Starch Liquefaction Section Sl. No 1. Item of Assets / Machinery Qty. Cost Supplier Slurry Preparation and Liquefaction Section including Auxiliaries, Electrical and Instrumentation (with HP Steam Jet Cooking) Rs. in lakhs 1 269.00 PRAJ Industries Ltd. PRAJ House Bavdhan Pune – 411 021 Erection of above machinery - 18.00 Pacecon Engineering Projects 36
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RED HERRING PROSPECTUS Please read
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TABLE OF CONTENTS SECTION TITLE PAG
Page 5 and 6:
Chatrath & Co., Chartered Accountan
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Margin Amount Memorandum of Associa
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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: In case of variations in the actual
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
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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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Prepayment Charges: 2% of the Prepa
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losses and deferred expenditure not
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There are no defaults in meeting an
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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
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Ajay Swarup) together hold 100% sha
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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.
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Interest and Finance Expenses The i
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Similarly, for consumers like fuel
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(b). Recovery Suits 1. Globus Agron
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SB. Civil Writ Petition No. 3454 of
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ecovery of the amount of cess payab
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New-Delhi. which on account of any
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(Prevention & Control of Pollution)
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Whisky (Own Brand) and Country Liqu
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Transformer and 11 KV Line Validity
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Valid until cancelled. Government o
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4 - Distributable profits have been
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The filing of the Red Herring Prosp
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person consequent to or in connecti
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Others The total fees payable to th
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The auditors of the Company are app
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• Right to receive surplus on liq
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Application by Eligible NRIs/FIIs r
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Market Lot Share Who can apply ** E
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ISSUE PROCEDURE Principal Terms And
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one Bid in the ASBA Bid cum Applica
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exchange in India only in favour of
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Bidders are advised to ensure that
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2. In accordance with the SEBI guid
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The Bidders may note that the Escro
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) The book gets built up at various
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Filing of the Red Herring Prospectu
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c. Do not Bid on another Bid-cum-Ap
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The Company in its absolute discret
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In case of Bids made by Insurance C
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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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