FUTURA POLYESTERS LIMITED - IDBI Capital

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Tiruvellore to the main factory located at Manali, Chennai. In the year 2001, FIL was amalgamated with our Company. Presently, the PET recycling activity is being carried out at our factory at Manali, Chennai. Business Strategy Our strategy is to consolidate and enhance our market position as a producer of Specialty Fibres, Speciality Polymers and Speciality Preforms. We aim to achieve our strategic objective by implementing the following strategies: 1 Continuous research and development in new speciality products to maintain a diverse product mix 2 Increase in revenues by utilising our established business relationships 3 Focus on speciality products realizing better margins 4 Strengthening our competitive edge by patenting newly developed products 5 Positioning ourselves amongst the top global brands by manufacturing diverse range of polyesters like PBT, PTT, PBN, PTN, PEN etc. We have been continuously developing new products to meet customised needs of our customers. With more than three decades of experience in Polyesters supported by our established business relationships with our customers, we believe that we are well placed to secure a significant share of Specialty Resin markets on the strength of our customised product development. For further information please refer to section on “About Us” beginning on page 28 of the Draft Letter of Offer. 3
THE ISSUE Equity Shares proposed to be issued by our Company Rights Entitlement Record Date 2,62,10,839 Equity Shares of Rs. 10 each One Equity Share for every two fully paid up Equity Shares held on the Record Date [●] Issue Price per Equity Share Rs. 10/- Equity Shares outstanding prior to the Issue Equity Shares outstanding after the Issue of Equity Shares. Terms of the Issue 5,24,21,679 Equity Shares of Rs. 10 each 7,86,32,518 Equity Shares of Rs. 10 each For more information, refer to section titled “Terms of The Issue” beginning on page 220 of the Draft Letter of Offer. Terms of Payment On Rights Issue application Rs. 10/- which constitutes 100% of the full amount of the Issue Price of Rs. 10/- 4
Page 1 and 2: DRAFT LETTER OF OFFER Dated: July 1
Page 3 and 4: SECTION I - DEFINITIONS AND ABBREVI
Page 5 and 6: Renouncees Rights Entitlement Right
Page 7 and 8: NO OFFER IN OTHER JURISDICTIONS The
Page 9 and 10: SECTION II - RISK FACTORS FORWARD L
Page 11 and 12: **The amount involved in the income
Page 13 and 14: Company may need additional financi
Page 15 and 16: a. Cost of Raw Materials Purified T
Page 17 and 18: expenditures or incur additional op
Page 19 and 20: 2. Any downgrading of India’s deb
Page 21 and 22: 4 Net Asset Value as per the Restat
Page 23: PET PET is eco-friendly and inert w
Page 27 and 28: Summary statement of Profit & Losse
Page 29 and 30: GENERAL INFORMATION Our Company was
Page 31 and 32: UNION BANK OF INDIA Union Bank Bhav
Page 33 and 34: CAPITAL STRUCTURE PARTICULARS AS ON
Page 35 and 36: September 09, 2005 2005 issue Septe
Page 37 and 38: Bloomingdale Investment & Finance 5
Page 39 and 40: Other than as stated hereinbelow, t
Page 42 and 43: OBJECTS OF THE ISSUE Our Company in
Page 44 and 45: 3 Printing, stationery, distributio
Page 46 and 47: Financial year 2007 8.84 2 Financia
Page 48 and 49: ii. If long term capital gain is co
Page 50 and 51: SECTION IV - ABOUT US INDUSTRY OVER
Page 52 and 53: Kilo Tons 3000 2500 2000 1500 1000
Page 54 and 55: 2 Inhouse Research and Development
Page 56 and 57: The major raw materials used in the
Page 58 and 59: 1. Polyester Staple Fibre/Chips M.T
Page 60 and 61: 3 PET Preforms PET Preforms are sol
Page 62 and 63: 6. December 22, 2006 November 21, 2
Page 64 and 65: We have obtained insurance policies
Page 66 and 67: Paragon Textile Mills Private Limit
Page 68 and 69: 2 Implementation of any scheme of e
Page 70 and 71: KEY INDUSTRY REGULATIONS Our Compan
Page 72 and 73: 9. Hazardous Wastes (Management and
Page 74 and 75:
after satisfactory adjudications of
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(70% through Transmere and 30% dire
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twenty years. April 03, 2007 Grant
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The shareholding pattern of this co
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OUR MANAGEMENT BOARD OF DIRECTORS A
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Developers Private Limited. 36. Kun
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Nationality: Indian Tenure: Balance
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For further details of the provisio
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CHANGES IN OUR BOARD OF DIRECTORS D
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Names of the Directors Designation
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Mr. Gopalan Venkatesh 46 October 6,
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OUR PROMOTERS Our Company has two P
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OUR PROMOTER GROUP ENTITIES Note: A
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Category No. of Shares held Percent
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The financial performance of this c
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Nature of Activities The company wa
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Financial Performance The financial
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Limited Kuntiputra Properties Priva
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The company was incorporated with t
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Shareholding Pattern The shareholdi
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Page 118 and 119:
Brief History Bay Side Exports Priv
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The company was incorporated with t
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Page 124 and 125:
Page 126 and 127:
Net Worth 216.29 4132.02 EPS per sh
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Particulars For the year ending on
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1. Brahmasonic Sound Production Pri
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DIVIDEND POLICY Dividends, other th
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1. Balance Sheet as per Annexure XV
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STATEMENT OF PROFIT & LOSSES Annexu
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Investments are classified into cur
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DIVIDEND DECLARED BY THE COMPANY IV
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ACCOUNTING RATIOS Annexure - VI Det
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SECURED LOANS - TERM LOANS AS ON 31
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SECURED LOANS OTHERS ON 31ST MARCH,
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UNSECURED LOANS AS ON 31ST MARCH, 2
Page 150 and 151:
SUNDRY DEBTORS Annexure - XII (Rupe
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STATEMENT OF CAPITAL COMMITMENT AND
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1. Mr. S. B. Ghia Chairman & Managi
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NOTE ON CONSOLIDATION OF ACCOUNTS O
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Significant accounting policies: -
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MANAGEMENT DISCUSSION AND ANALYSIS
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High Speed blow moulding, Hot Fill
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Our Company’s manufacturing facil
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Company’s contributions paid /pay
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Administration, selling and distrib
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Less: Provision for Fringe Benefit
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Profit / (Loss) after tax As a resu
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Net cash from/used in Financing Act
Page 176 and 177:
SECTION VI - LEGAL AND OTHER INFORM
Page 178 and 179:
7. Indian Organic Chemicals Limited
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Raheja (the “Defendants”) 6. Ms
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C. Sales Tax Cases filed by our Com
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E. Income Tax Cases filed by our Co
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Deputy Commissioner of Income Tax,
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15. Disallowance in respect of purc
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1. Indian Organic Chemicals Limited
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Appellate Tribunal [now Customs, Ex
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Notice issued by Supreintendent of
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15. Show Cause Notice issued by the
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PART II - OUTSTANDING LITIGATIONS I
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2. Hathway Investment Private Limit
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Sr. No. Parties 1. Kapesh R. Shah (
Page 204 and 205:
“Defendants”) 6. T.V. Today Net
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v/s Gautam Kashinath Rokde (the “
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2. The Respondent has failed to con
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8. Asianet Satellite Communications
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Village (the “Complainant”) v/s
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Managing Director, Asianet Satellit
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esidential township on the factory
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Defendant from proceeding further w
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Material Developments after date of
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Shops and Establishment Act 1. Cert
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1. Letter of renewal of license for
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1. License bearing no. 809/05, date
Page 228 and 229:
4. Report of Examination dated June
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enewal of the same can be applied f
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B. ALL THE LEGAL REQUIREMENTS CONNE
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legal requirements applicable in su
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Promise vs. performance The objecti
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2007- 08 2006- 07 2005- 06 2004- 05
Page 240 and 241:
In case our Company issues letters
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TERMS OF THE ISSUE The Equity Share
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) They can renounce their right sha
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duplicate CAF, by furnishing the re
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trust/society is authorised under i
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Renouncee(s) The person(s) in whose
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SUBMISSION OF APPLICATION & MODE OF
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General Applications should be made
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Listing and Trading of the Equity S
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III. Direct Credit Applicants apply
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Renouncees will also have to provid
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(e) PAN Number: Whenever the applic
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3 Multiple applications Disposal of
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SECTION VIII: ARTICLES OF ASSOCIATI
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Shares. 9.3% Cumulative Redeemable
Page 270 and 271:
subject, however, to Section 81 (3)
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The first name of jointholders deem
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Commission may be paid. 25. Subject
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Application of proceeds of sale 41.
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and transferor or the person giving
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debentureholder concerned or deceas
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Extraordinary Meeting General shall
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Poll to be taken if demanded. 90. I
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proxy notwithstanding death of Memb
Page 288 and 289:
Special Remuneration for Director p
Page 290 and 291:
Company shall disclose the nature o
Page 292 and 293:
Notice of candidate for office of D
Page 294 and 295:
and otherwise regulate their meetin
Page 296 and 297:
(c) is detrimental to the interest
Page 298 and 299:
Director, officer or other person e
Page 300 and 301:
custody of the Seal for the time be
Page 302 and 303:
Capitalisation 172. (a) The Company
Page 304 and 305:
or notice shall be deemed to be eff
Page 306 and 307:
SECTION IX - OTHER INFORMATION MATE
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FUTURA POLYESTERS LIMITED - IDBI Capital

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