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

Means of Finance
Sr. No. Particulars
(Rs. in Lacs)
Amount
1. Term loan 31,800.40
2. Funds raised through issue of Equity Shares 3473.32
3. Unsecured Loans 1500.00
4. Internal Accruals [•]
5. Initial Public Offer [•]
Total [•]
[•] – The relevant figure will be updated on finalization of the issue price.
Proceeds from the Initial Public Offer would be crystallized on finalization of the Issue Price on conclusion of the
book building process.
We confirm that firm arrangements of finance through verifiable means towards 75% of the stated means of
finance, excluding the amount to be raised through proposed public issue has been made.
The fund requirement and deployment are based on our management estimates and the quotations received from
the suppliers. Our capital expenditure plans are subject to a number of variables, including possible cost
overruns; construction/development delays or defects; receipt of critical governmental approvals; availability of
working capital finance on acceptable terms; and changes in management’s views of the desirability of current
plans, amongst others.
DETAILED BREAK UP OF THE PROJECT COST
1. Setting up of new manufacturing facility for the production of float glass.
A. Acquisition of Land
Our company has already acquired 6,08,540 sq. mts of land for the project at Jhagadia Industrial Estate, Dist.
Bharuch, Gujarat at a cost of Rs. 1,152.44 Lacs from Gujarat Industrial Development Corporation (GIDC) on lease
vide agreement dated October 16, 2007. For further details of the land please refer to the section titled
“Property” beginning on page [●] of this DRAFT RED HERRING PROSPECTUS.Further, our company has also
incurred the expenditure of Rs. 43.38 Lacs for the purpose of study and survey of land. Hence the total
expenditure for the acquisition of land aggregates to 1195.82 Lacs.
B. Land Development, Construction of Buildings and Other Civil Works
The Land Development, Construction of Buildings and Other Civil Works consists of earthworks, design and
construction of civil and structural works of main plant structure, administrative block, canteen, security office,
furnace, float bath, warehouse, chimney, compound wall, site grading works. The cost of building and civil works
would be Rs. 8,375.00 Lacs as per the quotations and estimates of our company. We have entered into an
agreement dated April 11, 2007 with L&T for carrying Design and Construction of Civil and Structural.
C. Plant and Machinery
Our Company proposes to purchase plant & machinery aggregating Rs. 30,977.78 Lacs comprising of imported
machinery aggregating Rs.25,769.82 Lacs and Indigenous Plant & Machinery aggregating Rs. 5,207.96 Lacs.
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