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

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(i) Statement of Cash Flow as appearing in Annexure IV to this report; (ii) Statement of Accounting Ratios enclosed as Annexure V to this report; (iii) Details of Unsecured Loans as appearing in Annexure VI to this report; (iv) Statement of Investment as appearing in Annexure VII to this report; (v) Statement of Sundry Debtors as appearing in Annexure VIII to this report. (vi) Statement of Loans and Advances as appearing in Annexure IX to this report; (vii) Statement of Other Income as appearing in Annexure X to this report; (viii) Statement of Tax Shelters as appearing in Annexure XI to this report; (ix) Details of Secured Loans as appearing in Annexure – XII to this report; (x) Details of Contingent Liabilities as appearing in Annexure XIII to this report; (xi) Statement of Related Party transactions as appearing in Annexure XIV to this report. (xii) Segment wise Financial Statements as per Annexure – XV. (xiii) Capitalization Statement as at September 30, 2007 as appearing in Annexure XVI to this report; III. a) In our opinion the financial information of the Company as stated in Para A and B above read with Significant Accounting Policies enclosed in Annexure III to this report, after making adjustments / restatements and regroupings as considered appropriate and subject to certain matters as stated in Notes to the Accounts, has been prepared in accordance with Part II of Schedule II of the Act and the SEBI Guidelines. b) This report is intended solely for your information and for inclusion in the Offer Document in connection with the specific Issue of the Company and is not to be used, referred to or distributed for any other purpose without our prior written consent. For S S Puranik & Co. Chartered Accountants Shripad S Puranik Proprietor Membership No. 030670 154
STATEMENT OF ASSETS AND LIABILITIES (AS RESTATED) Sr. No. Particulars A Fixed Assets For the Period ended 30.09.07 155 For the year ended 31.03.07 For the year ended 31.03.06 For the year ended 31.03.05 ANNEXURE - I (Rs in Lacs) For the year ended 31.03.04 For the year ended 31.03.03 Gross Block 5339.40 4459.25 2650.32 1330.84 1250.12 1121.47 Less: Depreciation 508.29 401.41 279.10 214.34 155.42 100.32 Net Block 4831.11 4057.84 2371.22 1116.50 1094.70 1021.15 Capital Work In Progress 1895.71 1909.66 1140.66 3.66 10.85 37.85 Pre-operative expenses - Float Glass Project 936.71 416.37 - - - - Pre-operative expenses - Sejal ENCASA Project - 30.85 2.00 - - - Total 7663.53 6414.72 3513.88 1120.16 1105.55 1059.00 B Investment 6.00 1.00 12.00 1.00 1.00 1.00 C Current Assets, Loans & Advances Inventories 1229.21 1014.77 497.77 242.95 280.12 302.21 Sundry Debtors 1584.42 1573.07 699.49 630.19 614.76 545.58 Cash and Bank Balances 203.76 193.69 60.25 30.19 28.85 19.54 Loans & Advances 3757.54 784.66 249.97 332.69 196.44 51.78 Total 6774.93 3566.19 1507.48 1236.02 1120.17 919.11 D Liabilities & Provisions Secured Loans 6365.03 2468.68 1511.01 942.77 1023.76 1051.48 Unsecured Loans 1565.85 581.70 443.24 101.55 48.40 - Deferred Tax Liability 243.73 205.08 133.78 114.88 102.48 56.69 Current Liabilities & Provisions 1585.38 2415.48 2084.77 486.28 551.84 504.07 Total 9759.99 5670.94 4172.80 1645.48 1726.48 1612.24 E Net Worth (A+B+C-D) 4684.47 4310.97 860.56 711.70 500.24 366.87 F Represented by Share Capital 1481.35 1033.50 300.00 300.00 300.00 300.00 Share Application Money 2563.61 2967.00 - - 15.42 20.42 Reserves & Surplus 639.51 310.47 560.56 411.70 184.82 46.51 Less: Miscellaneous Exp. - - - - 0.06 (To the extent not written off) - Net Worth 4684.47 4310.97 860.56 711.70 500.24 366.87
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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
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The excellent dampening property of
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Brief description of the Processes
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c) Lamination Process Process First
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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 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 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: 1 st December, 2007 The Board of Di
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
Page 199 and 200: Companies with which the Promoters
Page 201 and 202: FACTORS AFFECTING OUR RESULTS OF OP
Page 203 and 204: % to Turnover 65.72% 69.06% 63.03%
Page 205 and 206: 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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