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

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Shareholding of Key Managerial Personnel None of the Key Managerial Personnel holds any shares in our company as on the date of filing of this Draft Red Herring Prospectus. Bonus or Profit Sharing Plan for the Key Managerial Personnel The bonus is paid as per the rules of our Company. Further, there is no profit sharing plan for the key managerial personnel. Changes in the Key Managerial Personnel during last 3 years Sr No Name Date of Date of Reason Appointment Resignation 1. Mr. Arvind Pabalkar April 01, 2007 - Appointment 2. Mr. R. Sivaraj February 17, 2007 - Appointment 3. Mr. Nitin Patil April 02, 2007 - Appointment 4. Mrs. Georgina Kurian November 01, 2007 - Appointment 5. Mr. Ashwin S. Shetty October 20, 2007 - Appointment 6. Ms. Mamta Shah October 1, 2007 - Appointment Notes: � All the Key Managerial Personnel mentioned above are on the payrolls of our Company as the permanent employees. � There is no understanding with major shareholders, customers, suppliers or any others pursuant to which any of the above mentioned personnel have been recruited. � The Key Management Personnel mentioned above are not related parties as per the Accounting Standard 18. Relationship with our KMPs The Promoters/Directors of our Company do not have any relationship whatsoever with any of our Key Managerial Personnel. Employees The details about our employees appear under the paragragh titled ‘Manpower’ in the section titled “Our Business” on page [●] of this Draft Red Herring Prospectus. ESOP/ESPS scheme to employees Presently, we do not have ESOP/ESPS scheme for employees. Payment or Benefit to our Officers Except as stated above, we do not provide any other benefit to our employees. Interest of Key Managerial Personnel The Key Managerial Personnel of our Company do not have any interest in our Company, other than to the extent of the remuneration or benefits to which they are entitled as per their terms of appointment and reimbursement of expenses incurred by them during the ordinary course of business. 146
OUR PROMOTER AND THEIR BACKGROUND The Promoters of our Company are five natural persons; Mr. Amrut Gada, Mr. Kanji V. Gada, Mr. Dhiraj S. Gada, Mr. Shantilal S Gada and Mr. Mitesh K. Gada. MR. AMRUT S. GADA, CHAIRMAN AND MANAGING DIRECTOR Identification Particulars Details PAN AADPG5298D Passport F7624003 Voter ID No. NA Driving Licence 24126 Mr. Amrut S. Gada, aged 37 years, son of Mr. Shivji V. Gada, is the Chairman and Managing Director of our Company. Mr. Amrut S. Gada hails from a business family based in Vagad , District- Kutch, Gujarat. He started out with a glass retail shop in the year 1991, and has more than a decade experience in the glass business. He promoted Sejal Architectural Glass Limited in 1998 for process specialty glasses such as insulating, toughened, laminated and decorative Glass and within the next few years, he shaped the company for its current project of float glass. As the Chairman and Managing Director, he is actively involved in the day to day operations of our Company and in developing strategies for future growth and expansion based on his know how on the glass industry. He is the Managing Trustee of Shri Jethalal Nonghabhai Gada Vagad Educational, Welfare and Research Centre and Sachhamata Chairtable Trust (Vagad), Mumbai. He is the committee Member of Shri Visha Oswal Kelwani Fund and Samakhiali Education Trust. He is also the member of Indo- German Chambers of Commerce and Indian Merchant Chambers. Our Promoter has received many awards to his name. He has been given the Leadership Excellence Award for Industrial Development by Indian Economic Development and Research Association, New Delhi. He has also been awarded Girnar Award (Industry Award for exceptional Achievement in the field of glass industry) by Bruhad Mumbai Gujarati Samaj. 147
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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
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Benefits available to other Non-Res
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Benefits available to Mutual Funds
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Source: Central Statistical Organis
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� Fused silica glass - Fused sili
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The Total Float Glass Manufactured
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increasing demand for hotels/resort
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• Hygenic - Glass is a non-porous
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2. High productive and reliable pro
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We view geographical expansion of o
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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 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: Sr. No Name, Age and Designatio n S
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
Page 179 and 180: 17 Kanji Gada FDR received FDR refu
Page 181 and 182: 26 Shantilal Gada Interest paid on
Page 183 and 184: CAPITALIZATION STATEMENT ANNEXURE X
Page 185 and 186: 1. The company has generally been r
Page 187 and 188: FINANCIAL INFORMATION OF GROUP COMP
Page 189 and 190: 2. Sejal International Limited Seja
Page 191 and 192: Shareholding Pattern: The Sharehold
Page 193 and 194: 27 Mr. Hasmukh B. Shah 5000 0.09 28
Page 195 and 196: 5. Sejal Finance Limited. Sejal Fin
Page 197 and 198: 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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