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

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OUR MANAGEMENT Our Company is currently managed by a Board of Directors comprising of 10 Directors. As per our Articles of Association, our Board shall consist of not less than three Directors and not more than twelve Directors. Board of Directors The Board of Directors of our Company, comprises of 10 directors, of which 5 Directors are independent Directors. Mr. Amrut S. Gada is our Chairman and Managing Director and is in-charge of the overall management of our Company, subject to the supervision and control of the Board. He is well supported by other whole time directors, professionals and technically qualified team of executives. The following table sets forth the details regarding our Board of Directors as on the date of filing of this Draft Red Herring Prospectus with SEBI: Sr. No. Name, Age, Designation, Fathers Name, DIN, Occupation and Nationality of Director 1) Mr. Amrut S. Gada, 37 years, Chairman and Managing Director S/o. Mr. Shivji V. Gada DIN-00163290 Occupation: Industrialist Nationality: Indian 2) Mr. Dhiraj S. Gada, 34 years Joint Managing Director S/o. Shivji V. Gada DIN-00170501 Occupation: Industrialist Nationality: Indian 3) Mr. Mitesh K. Gada, 29 years Whole Time Director S/o. Kanji V. Gada DIN- 00148934 Occupation: Industrialist Nationality: Indian 4) Mr. R. Subramanian, 54 years Director- Operations S/o. R. C. H. Lakshmanan DIN-00566396 Occupation: Service Nationality: Indian Residence Address Other Directorships Date of Appointment and Term of 503, Sarla Sadan, Gambers Estate, Behind Sanjar Furniture, S. V. Road, Malad (West) Mumbai- 400064 503, Sarla Sadan, Gambers Estate, Behind Sanjar Furniture, S. V. Road, Malad (West) Mumbai- 400064 601/A, Mamta Apartments, M. G. Road, Tilak Road, Goregaon (West), Mumbai- 400062 A-103, Shivlok CHSL, Raheja Complex, Balkum Village, Thane (West), Thane-400608 126 � Sejal Glass Craft Pvt. Ltd. � Sejal International Ltd. � Sejal Insurance Broking Ltd. � Sejal Float Glass Limited � Sejal Finance Ltd. � Sejal Glass Craft Pvt. Ltd. � Sejal International Ltd. � Sejal Insurance Broking Ltd. � Sejal Float Glass Limited � Sejal Finance Ltd. � Sejal Glass Craft Pvt. Ltd. � Sejal International Ltd. � Sejal Float Glass Limited Directorship Re- appointed as Chairman and Managing Director on April 1, 2006 for a period of 5 years Appointed as Joint Managing Director on September 30, 2005 for a period of 3 years Appointed as a Whole time Director on September 29, 2007, for a period of 5 years None Re- appointed as Whole Time Director on September 29, 2007 for a period of 2 years.
Sr. No. Name, Age, Designation, Fathers Name, DIN, Occupation and Nationality of Director 5) Mr. Ashish D. Karia, 29 years Whole Time Director S/o. Dhiraj Devji Karia DIN-00170455 Occupation: Industrialist Nationality: Indian 6) Mr. Atul S. Bharani, 51 years Independent Director S/o Shamji Bharani DIN - 00069419 Occupation: Business Nationality: Indian 7) Mr. Praful N. Satra, 43 years Independent Director S/o Nanji Satra DIN- 00053900 Occupation- Business Nationality: Indian Residence Address Other Directorships Date of Appointment and Term of 9, Patel Chambers, 3 rd Floor, Fort, Mumbai - 400001 A/115, Karachi Citizens C.H. S.L. Versova Link Road, Andheri (W) Mumbai- 400 053 702, Rehana Heights, 6 th Chapel Lane, Santacruz (W) Mumbai- 400 054 127 � Hero Multipap Pvt. Ltd. � Sejal Float Glass Ltd. � Jayanti Agency Private Limited � Sunshine Housing Development Pvt. Ltd. � Navketan Premises Pvt. Ltd. � Saumya Leasing Private Limited � Mayurpankh Fine Builders Pvt. Ltd. � Mayurpankh Properties Pvt. Ltd � Aarts Module International Private Limited � Sunshine Projects Private Limited � Panchratna Realtors Pvt. Ltd. � Sun-N- shine Entertainers Pvt. Ltd. � Sunshine Tracon Pvt. Ltd. � Sunshine Housing Pvt. Ltd. � Sunrise Housecon Pvt. Ltd. � Satra Properties (India)Limited � Satra Properties Developers Pvt. Limited � Savla Realtors and Developers Private Limited � Shravan Developers Private Limited � Prime Multi Tiles Trading Private Limited � Satra Infrastructure Directorship Appointed as a Whole time Director on September 29, 2007 for a period of 5 years Appointed as an Additional Director on July 03, 2007 and further appointed on September 29, 2007 till the conclusion of the next Annual General Meeting. Appointed as an Additional Director on October 20, 2007, for a period till the conclusion of the next Annual General Meeting.
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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
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BASIS FOR ISSUE PRICE The issue pri
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ii. Lowest - Haldyn Glass Gujarat 5
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Benefits available to the Company u
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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
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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 and 120: 3. Standard fire and Special perils
Page 121 and 122: May 21, 2007. Premium Amount Rs. 6,
Page 123 and 124: KEY INDUSTRY REGULATIONS AND POLICI
Page 125 and 126: Changes in the Registered Office of
Page 127: 2. Non-Compete Agreement between ou
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
Page 171 and 172: ANNEXURE - XIV RELATED PARTY TRANSA
Page 173 and 174: Travelling Expenses Insurance Premi
Page 175 and 176: Unsecured Loan received/refund Unse
Page 177 and 178: 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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