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

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STATEMENT OF PROFIT AND LOSS (AS RESTATED) ANNEXURE – II (Rs. in Lacs) Sr. No. Particulars A Income For the period ended 30.09.07 156 For the year ended 31.03.07 For the year ended 31.03.06 For the year ended 31.03.05 For the year ended 31.03.04 For the year ended 31.03.03 Sales & Income from Operation 2607.03 3366.64 2950.28 2419.77 1932.29 1720.27 Traded Sales 209.91 457.41 - 9.88 37.34 - 2816.94 3824.05 2950.28 2429.65 1969.63 1720.27 Other Income 42.38 145.60 107.05 43.65 25.72 7.74 Increase/(Decrease) in Stock 52.21 -33.97 14.83 -24.92 6.34 -10.94 Total 2911.53 3935.68 3072.16 2448.38 2001.69 1717.07 B Expenditure Raw Material Consumed 1633.80 2142.50 2037.56 1531.37 1287.86 1200.68 Cost of sale of Goods Traded 109.24 370.49 - - - - Labour Charges 62.79 53.02 56.87 68.46 40.16 28.04 Salaries, Wages and Employee Benefits Manufacturing, Selling and Other Expenses 146.80 230.86 121.99 86.93 64.62 40.16 333.98 459.00 392.15 296.52 189.51 161.69 Total 2286.60 3255.88 2608.57 1983.28 1582.15 1430.57 C Net Profit before Interest, Depreciation, Tax and Extraordinary Items D 624.93 679.80 463.59 465.10 419.54 286.50 Depreciation 110.35 122.32 64.75 59.57 55.12 50.90 Net Profit Before Interest, Tax and Extraordinary Items 514.58 557.49 398.84 405.53 364.42 235.60 Financial Expenses 173.43 157.20 92.75 102.67 131.77 175.87 Profit before Tax Provision for Taxation 341.15 400.28 306.09 302.86 232.65 59.73 - Current Tax 50.35 46.44 59.48 28.00 17.82 4.99 - Deferred Tax 38.65 68.12 18.90 12.40 45.79 34.64 - Fringe Benefit Tax 3.72 7.50 4.84 - - - Net Profit after Tax but before Extraordinary Items 248.43 278.22 222.87 262.46 169.04 20.10 Extraordinary Items - - - - - - Less : Prior Period Expenses, restated in respective years Add : Prior Period Income, restated in respective years - 1.89 7.32 12.43 3.11 5.16 - - 0.65 - 6.76 0.13 E Net Profit after Tax 248.43 276.33 216.20 250.03 172.69 15.07
NOTES TO RESTATED PROFIT AND LOSS AND RESTATED ASSETS AND LIABILITIES 1.) SIGNIFICANT ACCOUNTING POLICIES 157 ANNEXURE – III I BASIS OF ACCOUNTING The Financial statements are prepared under the historical cost convention, on an accrual basis to comply in all material aspects and in accordance with the applicable accounting standards issued by the Institute of Chartered Accountants of India and referred to in Section 211(3C) of the Companies Act, 1956. ACCOUNTING POLICIES The same set of accounting policies are followed in the interim financial statements for the period ended on September 30, 2007 as those followed in the preceding financial year except otherwise stated herein this statement. II FIXED ASSETS Fixed Assets are stated at historical cost (net of cenvat Credit /Sales Tax set off /VAT Set off) less accumulated Depreciation/ amortization thereon. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use and also comprises of borrowing Costs attributable to acquisition and construction of assets up to the date when such asset is ready for its intended use, satisfying the parameters set by the management. The assets, though installed and commissioned are not capitalized till the required results are obtained to the satisfaction of the management of the company. III DEPRECIATION • Depreciation is provided on Straight Line Method at the rates and in the manner specified in the Schedule XIV of the Companies Act, 1956. • Depreciation on the Fixed Assets added / disposed off / discarded during the period has been provided on pro-rata basis with reference to the month of addition / disposal / discarding. • Depreciation on the amounts capitalized on account of foreign exchange fluctuation is provided prospectively over residual life of the assets. IV BORROWING COST • Borrowing Costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such asset up to the date when such assets is ready for its intended use. • Other borrowing costs are recognized as an expense in the period in which they are incurred. V FOREIGN CURRENCY TRANSACTIONS Transactions denominated in foreign currencies are recorded at the rate of exchange prevailing on the date of transaction. Current assets and current liabilities in foreign currency are stated at the period ended closing rates. The resulting exchange gain/loss is recognized in the profit and loss account. Exchange differences attributable to the acquisition of the fixed assets outside India are adjusted to the cost of the respective assets. VI INVESTMENTS
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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
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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 and 156: 1 st December, 2007 The Board of Di
Page 157: STATEMENT OF ASSETS AND LIABILITIES
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
Page 207 and 208: 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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