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

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4. Resolution passed under Section 81 (1A) of the Act, at the Annual General Meeting of our Company held on September 29, 2007. 5. Agreement dated November 24, 2007 appointing Mr. Amrut S. Gada as our Chairman and Managing Director. 6. Agreement dated November 24, 2007 appointing Mr. Dhiraj S. Gada as our Joint Managing Director. 7. Agreement dated November 24, 2007 appointing Mr. Mitesh K. Gada as our Whole Time Director. 8. Agreement dated November 24, 2007 appointing Mr.R. Subramanian as our Whole Time Director. 9. Agreement dated November 24, 2007 appointing Mr. Ashish D. Karia as our Whole Time Director. 10. Due Diligence Certificate dated December 03, 2007 to SEBI from Saffron Capital Advisors Private Limited. 11. Consent from the Directors, Compliance Officer, Auditor, Book Running Lead Manager, Registrar to the Issue, Bankers to the Issue, Bankers to our Company, Underwriters, Legal Advisor to the issue, Legal Advisor to the Company to act in their respective capacities. 12. Consent of the IPO Grading Agency for inclusion of their report dated October 10, 2007 in the form and context in which they appear in the Red Herring Prospectus and the Prospectus. 13. Certificate dated December 01, 2007 from the statutory auditors, S.S. Puranik & Co., Chartered Accountants, detailing the tax benefits. 14. Audit report by the statutory auditor, S.S. Puranik & Co., Chartered Accountants dated December 01, 2007 included in the Draft Red Herring Prospectus and copies of the Balance Sheet referred in the said report. 15. Copy of the Certificate from the statutory auditors, S.S. Puranik & Co., Chartered Accountants, dated December 1, 2007 regarding the sources and deployment of funds as on October 31, 2007. 16. Joint Term Loan Agreement dated with the consortium of Bankers dated October 16, 2007. 17. Non-Compete Agreement dated November 19, 2007, between our Company and Sejal Glass Craft Private Limited 18. Non-Compete Agreement dated November 19, 2007, between our Company and Sejal International Limited 19. Non-Compete Agreement dated November 19, 2007, between our Company and Sejal Float Glass Limited 20. Deed of assignment of trademark dated November 19, 2007 with Sejel Glass Craft Private Limited. 21. Copies of Initial Listing Application made to the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. 22. Copy of in-principal approval received from the Bombay Stock Exchange Limited and National Stock Exchange of India Limited dated [●] and [●] respectively. 304
23. SEBI observation letter no. [●] dated [●]. 24. Reply by the BRLM dated [●] for the above SEBI observation letter. Any of the contracts or documents mentioned in this Draft Red Herring Prospectus may be amended or modified at any time if so required in the interest of our Company or if required by the other parties, without reference to the shareholders subject to compliance of the provisions contained in the Companies Act and other relevant statutes. 305
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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
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Apollo Hospital Dhaka, Bangladesh B
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Availability of Nitrogen and Hydrog
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With the knowledge and experience o
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Further our company proposes to imp
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Sr. No Name of the trademark regist
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7. Sale deed dated July 14, 2004 be
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3. Standard fire and Special perils
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May 21, 2007. Premium Amount Rs. 6,
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KEY INDUSTRY REGULATIONS AND POLICI
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Changes in the Registered Office of
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2. Non-Compete Agreement between ou
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Sr. No. Name, Age, Designation, Fat
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Sr. No. Name, Age, Designation, Fat
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Compensation to Managing Director/W
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Mr. Mitesh K. Gada, Whole-Time Dire
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Leave travel concession for self an
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emuneration payable to the said Dir
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• To look into the reasons for su
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extent of remuneration and/or reimb
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ORGANISATION CHART OF OUR COMPANY 1
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Sr. No Name, Age and Designatio n S
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OUR PROMOTER AND THEIR BACKGROUND T
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MR. SHANTILAL S. GADA Identificatio
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CURRENCY OF PRESENTATION All refere
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1 st December, 2007 The Board of Di
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STATEMENT OF ASSETS AND LIABILITIES
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NOTES TO RESTATED PROFIT AND LOSS A
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the provision for deferred tax, tim
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ANNEXURE - V Accounting Ratios (Rec
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LOANS AND ADVANCES (UNSECURED, CONS
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Annexure XII (Rs. in lacs) Details
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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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Page 261 and 262: Grounds for Technical Rejections Bi
Page 263 and 264: ) The Bidder must necessarily fill
Page 265 and 266: Save and except refunds effected th
Page 267 and 268: (iii) Under-subscription below 5% o
Page 269 and 270: if any, for encashing such cheques,
Page 271 and 272: RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 273 and 274: SECTION X- DESCRIPTION OF EQUITY SH
Page 275 and 276: MODIFICATION OF RIGHTS Title of Art
Page 277 and 278: Title of Article Article Number and
Page 285 and 286: TRANSFER AND TRANSMISSION OF SHARES
Page 305: SECTION XI -OTHER INFORMATION MATER
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