sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
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We propose to raise Rs. [•] Lacs by way <strong>of</strong> public issue <strong>of</strong> 97,03,580 Equity Shares <strong>of</strong> Rs. 10/- each <strong>of</strong> our<br />
company at a price <strong>of</strong> Rs. [•] in terms <strong>of</strong> this Draft Red Herring Prospectus.<br />
Schedule <strong>of</strong> Implementation<br />
Activity Month <strong>of</strong> Month <strong>of</strong><br />
Setting up <strong>of</strong> new manufacturing facility for the<br />
production <strong>of</strong> float <strong>glass</strong>.<br />
L<strong>and</strong> <strong>and</strong> Site Development<br />
Commencement Completion<br />
- L<strong>and</strong> Acquisition Already Acquired<br />
- L<strong>and</strong> Development April 2007 February 2008<br />
Building <strong>and</strong> Civil Works<br />
Plant & Machinery<br />
May 2007 February 2009<br />
- Placement <strong>of</strong> Order – Imported January 2007 March 2008<br />
- Placement <strong>of</strong> Order – Indigeneous January 2008 March 2008<br />
- Receipt <strong>of</strong> Plant & Machinery February 2008 October 2008<br />
- Erection <strong>and</strong> Commissioning April 2008 December 2008<br />
Trial Run Production January 2009 February 2009<br />
Commercial Production March 2009<br />
Deployment <strong>of</strong> Funds in the Project<br />
We have incurred the following expenditure on the project till October 31, 2007. The same has been certified by<br />
S.S. Puranik & Co., Chartered Accountants vide their certificate dated December 1, 2007.<br />
Sr. No. Particulars Amount<br />
1. Setting up <strong>of</strong> new manufacturing facility for the production <strong>of</strong> float <strong>glass</strong>.<br />
A. L<strong>and</strong> Acquisition 1195.82<br />
B. L<strong>and</strong> Development, Construction <strong>of</strong> Buildings <strong>and</strong> Other Civil Works 1456.54<br />
C. Plant & Machinery 3475.01<br />
D. Miscellaneous Fixed Assets 9.21<br />
E. Preliminary <strong>and</strong> pre- operative Expenses 757.36<br />
F. Margin Money for Working Capital Requirements -<br />
2. General Corporate Purpose 334.18<br />
3. Public Issue Expenses 18.50<br />
Total [•]<br />
The sources <strong>of</strong> funds for the above mentioned deployment are as follows:<br />
Sr.<br />
No.<br />
Particulars<br />
(Rs. in Lacs)<br />
Amount<br />
1 Term loan 3634.00<br />
2 Funds raised through issue <strong>of</strong> Equity Shares<br />
3376.90<br />
Share Application Money#<br />
94.13<br />
3 Unsecured Loans 141.59<br />
Total 7246.62<br />
# The share application money has been allotted by us on November 22, 2007. Currently, we do not have any<br />
application money pending allotment.<br />
The overall cost <strong>of</strong> the proposed Project <strong>and</strong> the proposed year wise break up <strong>of</strong> deployment <strong>of</strong> funds are as<br />
under:<br />
63
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