sejal architectural glass limited - Securities and Exchange Board of ...

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Others 1103372111100118 dated May 21, 2007 10. Private Car Insurance Package Policy. Policy No. 36796021 dated March 14, 2007. 11. Private Car Insurance Package Policy. Policy No.36792851 dated March 24, 2007 12. Private Car Insurance Package Policy. Policy No. 36597826 dated August 23, 2007. 13. Private Car Insurance Package Policy. Policy No. 36495305 dated January 17, 2007. 14. Private Car Insurance Package Policy. Policy No. 36489147 dated January 31, 2007 15. Two Wheeler Insurance. Policy No. 36796147 dated March 30, 2007 16. Private Car Insurance. Policy No. 37010686 dated IFFCO-TOKIO General Insurance Co. Ltd. IFFCO-TOKIO General Insurance Co. Ltd. IFFCO-TOKIO General Insurance Co. Ltd. IFFCO-TOKIO General Insurance Co. Ltd IFFCO-TOKIO General Insurance Co. Ltd IFFCO-TOKIO General Insurance Co. Ltd IFFCO-TOKIO General Insurance Co. Ltd March 14, 2007 March 24, 2007 February 13, 2007 January 21, 2007 January 31, 2007 March 23, 2007 May 13, 2007 118 March 13, 2008 March 23, 2008 Februar y 12, 2008 January 20, 2008 January 30, 2008 March 22, 2008 May 12, 2008 0/- Premium Amount- Rs.1,87,105 /- Sum Insured- Rs. 9,16,599/- Premium Amount- Rs. 27,708.68/- Sum Insured- Rs. 7,42,888/- Premium Amount- Rs. 28,145.30/- Sum Insured- Rs. 6,93,461/- Premium Amount- Rs. 19,983/- Sum Insured Rs. 3,54,339/- Premium Amount Rs. 11,980.49/- Sum Insured Rs. 1,54,090. Premium Amount Rs. 5,599.64/- Sum Insured Rs. 19,550/- Premium Amount Rs. 704/- Sum Insured Rs. 2,24,242/- Stocks pertaining to insured’s trade incl. Paintings, Artworks, Ceramic Items, etc., Lift and Electricals and Air Conditioner. Location of the insured premises- Sejal Encasa, Plot No. 173, Opp. Shreeji Bldg, S.V. Road, Kandivali (W), Mumbai. Death or bodily injury, damage to third party property. Car insured-Toyota Corolla H1. Death or bodily injury, damage to third party property and personal accident cover. Car Insured- Toyota Innova AA. Death or bodily injury, damage to third party property and personal accident cover. Car Insured- Hyundai Elantra GLS. Death or bodily injury, damage to third party property and personal accident cover. Car Insured- Mitsubishi Lancer. Death or bodily injury, damage to third party property and personal accident cover. Car Insured- Maruti Zen Death or bodily injury, damage to third party property and personal accident cover. Two Wheeler Insured- Bajaj Boxer. Death or bodily injury, damage to third party property
May 21, 2007. Premium Amount Rs. 6,760.66 Restrictive Covenants Pursuant to our Secured Loans 119 and personal accident cover. Car Insured- Mahindra Bolero. As of September 30, 2007, our Company has an outstanding secured loans aggregating Rs. 6365.03 Lacs from different lenders, including against fixed assets and machinery as primary/ collateral security as provided below: Sr. No. Name of Bank Sanctioned Amount Rs. in Lacs Amount outstanding as on September 30, 2007 1 State Bank of Patiala 11164.00 4406.94 2 State Bank of Mysore 5,000.00 0.00 3 Indian Overseas Bank 3,000.00 356.75 4 Punjab National Bank 5,000.00 591.75 5 Punjab and Sind Bank 2,500.00 297.02 6 Axis Bank Limited 900.00 109.11 7 Bank of India 2,500.00 296.71 8 State Bank of Saurashtra 2,500.00 297.32 9 State Bank of Indore 3,500.00 0.00 10 ICICI Bank 18.69 9.43 Total 36,082.69 6365.03 In respect of various agreements entered into by our Company with the lenders, we are bound by certain restrictive covenants. A majority of these covenants, are specific to the conduct of our Company in relation to the hypothecated assets under those agreements, and those covenants asset-specific. Other than the asset-specific covenants, as per the loan agreements, we require written consent from the lenders in relation to certain actions/matters, amongst others, including entering into any scheme of amalgamation or merger/ demerger/ reconstruction, declaration of any dividends if there are any arrears in making any payment of amount(s) due to our lender(s), not to change/ vary our constitution, not to make any changes to the general nature or scope of the business from that carried on by our Company, prepayment of the outstanding principal amount of the facility on full or in part before the due date, among others. Some of the asset-specific covenants in our loan agreements are as follows, and we cannot, without the prior written consent of our lender(s) concerned: 1. To sell/pledge/hypothecate/mortgage/assign/securitize or otherwise deal with assets mortgaged to the Bank. 2. To create any charge on the existing or future assets for repayment of term loan. 3. To undertake or permit any merger, takeover 4. Formulate any scheme of amalgamation or reconstruction; 5. To open current account or avail any additional banking facility without concurrence of the consortium. 6. Promoters to pledge their shares as security till the time IPO proceeds are brought in We have obtained the approvals for the Issue from all lenders from whom we require approvals under the respective loan documents:
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Draft Red Herring Prospectus Decemb
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SECTION I DEFINITIONS AND ABBREVIAT
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Term Description Designated Date Th
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Term Description Bhandup ( West), M
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IPO Initial Public Offer ISO Intern
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FORWARD-LOOKING STATEMENTS This Dra
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the tax on the additional income of
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Risk relating to the project 6. The
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amount(s) due to our lender(s), not
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utilized portion of the licence. Ad
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protect us from entire liability fo
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6. Terrorist attacks and other acts
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12. Investors are advised to go thr
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The Indian Architectural float glas
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BRIEF DETAILS OF THE ISSUE Equity S
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Share Application Money 2563.61 296
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D Net Profit after Tax but before E
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Issue Management Team Book Running
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Bank of India Banking Branch M.D.I.
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Pursuant to recent amendments to th
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Name and Address of the Underwriter
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5 Subdivision of Equity shares of R
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Mr. Mitesh K. Gada* Mr. Shantilal S
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Capital would be locked-in for a pe
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Friends, Relatives and Others 36,74
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3. August 30, 2007 Mr. Nilesh S. Bh
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Vinod Velji Shah HUF jointly with M
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9. November 22, 2007 Ms. Diwaliben
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5 Mr. Kanji V. Gada 6,16,250 3.37 6
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SECTION V- OBJECTS OF THE ISSUE OBJ
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a. Plant & Machinery - Imported i.
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Work-in-progress 0.43 months 430.00
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We propose to raise Rs. [•] Lacs
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Authority for the issue The Issue h
Page 69 and 70: BASIS FOR ISSUE PRICE The issue pri
Page 71 and 72: ii. Lowest - Haldyn Glass Gujarat 5
Page 73 and 74: Benefits available to the Company u
Page 75 and 76: 8. In case of a shareholder being a
Page 77 and 78: Benefits available to other Non-Res
Page 79 and 80: Benefits available to Mutual Funds
Page 81 and 82: Source: Central Statistical Organis
Page 83 and 84: � Fused silica glass - Fused sili
Page 85 and 86: The Total Float Glass Manufactured
Page 87 and 88: increasing demand for hotels/resort
Page 89 and 90: • Hygenic - Glass is a non-porous
Page 91 and 92: 2. High productive and reliable pro
Page 93 and 94: We view geographical expansion of o
Page 95 and 96: Features 93 Toughened Glass is appr
Page 97 and 98: The excellent dampening property of
Page 99 and 100: Brief description of the Processes
Page 101 and 102: c) Lamination Process Process First
Page 103 and 104: 101
Page 105 and 106: As the batch materials melt into so
Page 107 and 108: Apollo Hospital Dhaka, Bangladesh B
Page 109 and 110: Availability of Nitrogen and Hydrog
Page 111 and 112: With the knowledge and experience o
Page 113 and 114: Further our company proposes to imp
Page 115 and 116: Sr. No Name of the trademark regist
Page 117 and 118: 7. Sale deed dated July 14, 2004 be
Page 119: 3. Standard fire and Special perils
Page 123 and 124: KEY INDUSTRY REGULATIONS AND POLICI
Page 125 and 126: Changes in the Registered Office of
Page 127 and 128: 2. Non-Compete Agreement between ou
Page 129 and 130: Sr. No. Name, Age, Designation, Fat
Page 131 and 132: Sr. No. Name, Age, Designation, Fat
Page 133 and 134: Compensation to Managing Director/W
Page 135 and 136: Mr. Mitesh K. Gada, Whole-Time Dire
Page 137 and 138: Leave travel concession for self an
Page 139 and 140: emuneration payable to the said Dir
Page 141 and 142: • To look into the reasons for su
Page 143 and 144: extent of remuneration and/or reimb
Page 145 and 146: ORGANISATION CHART OF OUR COMPANY 1
Page 147 and 148: Sr. No Name, Age and Designatio n S
Page 149 and 150: OUR PROMOTER AND THEIR BACKGROUND T
Page 151 and 152: MR. SHANTILAL S. GADA Identificatio
Page 153 and 154: CURRENCY OF PRESENTATION All refere
Page 155 and 156: 1 st December, 2007 The Board of Di
Page 157 and 158: STATEMENT OF ASSETS AND LIABILITIES
Page 159 and 160: NOTES TO RESTATED PROFIT AND LOSS A
Page 161 and 162: the provision for deferred tax, tim
Page 163 and 164: ANNEXURE - V Accounting Ratios (Rec
Page 165 and 166: LOANS AND ADVANCES (UNSECURED, CONS
Page 167 and 168: Annexure XII (Rs. in lacs) Details
Page 169 and 170: f Bank of India g Axis Bank 4 Vehic
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ANNEXURE - XIV RELATED PARTY TRANSA
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Travelling Expenses Insurance Premi
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Unsecured Loan received/refund Unse
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FDR refunded 2.50 Interest paid on
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17 Kanji Gada FDR received FDR refu
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26 Shantilal Gada Interest paid on
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CAPITALIZATION STATEMENT ANNEXURE X
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1. The company has generally been r
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FINANCIAL INFORMATION OF GROUP COMP
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2. Sejal International Limited Seja
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Shareholding Pattern: The Sharehold
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27 Mr. Hasmukh B. Shah 5000 0.09 28
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5. Sejal Finance Limited. Sejal Fin
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2. Mitesh Textiles Mitesh Textiles
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Companies with which the Promoters
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FACTORS AFFECTING OUR RESULTS OF OP
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% to Turnover 65.72% 69.06% 63.03%
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Fiscal 2005 Vs 2006 Income Income f
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Related Party Transactions For deta
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SECTION VIII - LEGAL AND REGULATORY
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A complaint bearing Complaint No. 6
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Sejal Glass House has not filed any
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STATUTORY APPROVALS AND LICENSES Ex
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6. Occupancy Certificate bearing no
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Sr. No. Details License No. 1. EPCG
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4. Application bearing no. 1371940
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OR (b)(ii) There shall be compulsor
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FROM ALL THE STOCK EXCHANGES MENTIO
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Further, each Bidder where required
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Expert Opinion Except as stated oth
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This being an initial public offeri
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Principal Terms and Conditions of t
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� to register himself or herself
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ISSUE STRUCTURE This Issue is being
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In case the Bid-Cum-Application For
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2. Hindu Undivided Families or HUFs
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please refer the section titled “
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published in two national newspaper
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Escrow Collection Banks shall trans
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Build Up of the Book and Revision o
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(j) In terms of SEBI Guidelines, QI
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c) Ensure that the details about De
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IT IS MANDATORY FOR ALL THE BIDDERS
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1. On the Bid-cum-Application Form
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Submission of Bid-cum-Application F
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Grounds for Technical Rejections Bi
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) The Bidder must necessarily fill
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Save and except refunds effected th
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(iii) Under-subscription below 5% o
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if any, for encashing such cheques,
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RESTRICTIONS ON FOREIGN OWNERSHIP O
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SECTION X- DESCRIPTION OF EQUITY SH
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MODIFICATION OF RIGHTS Title of Art
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Title of Article Article Number and
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TRANSFER AND TRANSMISSION OF SHARES
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SECTION XI -OTHER INFORMATION MATER
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23. SEBI observation letter no. [
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