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

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Market Lot and Trading Lot In terms of Section 68B of the Companies Act, the Equity Shares shall be allotted only in dematerialised form. As per the existing SEBI Guidelines, the trading in the Equity Shares shall only be in dematerialised form for all investors. Since trading of our Equity Shares is in dematerialised form, the tradable lot is one Equity Share. Allocation and Allotment through this Issue will be done only in electronic form in multiples of one Equity Shares to the successful Bidders subject to a minimum Allotment of [•] Equity Shares. For details of Allocation and Allotment, please refer to the section titled “Issue Procedure” on page [●] of this Draft Red Herring Prospectus. 66
BASIS FOR ISSUE PRICE The issue price will be determined by our Company in consultation with the BRLM on the basis of assessment of market demand for the equity shares offered by way of book building. Investors should read the following summary with the section titled “Risk Factor”s beginning on page [•] and the details about our Company and its financial statements included in this Draft Red Herring Prospectus on page [●]. The trading price of the equity shares of our Company could decline due to these risks and you may lose all or part of your investments. Qualitative Factors: 1. Profit making company since incorporation We are an existing profit making Company in operations since inception. Our restated Profit after Tax for last 3 years is given below (Rs. in Lacs) Particulars March 31, 2005 March 31, 2006 March 31, 2007 Half year ended September 30, 2007 Net Profit after tax as restated 2. Our ability to devise glass solutions 250.03 216.20 276.33 248.43 Our promoters have more than a decade experience in the glass industry. Mr. Amrut S. Gada, along with his technical team has developed competence to conceptualise the needs of the customers and accordingly devise solutions for them. With this ability, we add value to our products specified by our customers, and develop solutions for them with the shortest possible lead time. This helps us in building a strong and continuous relationship with our customers, strengthening our market position. We have been growing with a vision of devising complete architectural glass solutions for our customers. 3. High productive and reliable processing and manufacturing technology We believe that our growth is sustained by the efforts put in by the employees and the technology that we adopt. Sejal offers a wide range of glass products and has established state of art pre-processing facilities (cutting, edging, drilling and washing) and processing facilities (Lamination, Insulation and Tempering). All the key machineries at our existing as well as the proposed facility are bought from various well established suppliers. 4. Our Quality Policy The shift from commoditisation to branding has allowed the firms to usher in a new level of quality consciousness. We understand the quality as fitness in all aspects for the intended purpose of the glass, which is reflected in all that we do. We, as a policy, manufacture and market goods which comply with the customers need and design specifications. It is our aim to respond with the ever changing needs of the customers in the most cost effective way. To improve our quality, we involve our customers, suppliers and employees in the process. 5. Our Management and Key management Personnel 67
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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
Page 7 and 8:
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
Page 17 and 18: amount(s) due to our lender(s), not
Page 19 and 20: utilized portion of the licence. Ad
Page 21 and 22: protect us from entire liability fo
Page 23 and 24: 6. Terrorist attacks and other acts
Page 25 and 26: 12. Investors are advised to go thr
Page 27 and 28: The Indian Architectural float glas
Page 29 and 30: BRIEF DETAILS OF THE ISSUE Equity S
Page 31 and 32: Share Application Money 2563.61 296
Page 33 and 34: D Net Profit after Tax but before E
Page 35 and 36: Issue Management Team Book Running
Page 37 and 38: Bank of India Banking Branch M.D.I.
Page 39 and 40: Pursuant to recent amendments to th
Page 41 and 42: Name and Address of the Underwriter
Page 43 and 44: 5 Subdivision of Equity shares of R
Page 45 and 46: Mr. Mitesh K. Gada* Mr. Shantilal S
Page 47 and 48: Capital would be locked-in for a pe
Page 49 and 50: Friends, Relatives and Others 36,74
Page 51 and 52: 3. August 30, 2007 Mr. Nilesh S. Bh
Page 53 and 54: Vinod Velji Shah HUF jointly with M
Page 55 and 56: 9. November 22, 2007 Ms. Diwaliben
Page 57 and 58: 5 Mr. Kanji V. Gada 6,16,250 3.37 6
Page 59 and 60: SECTION V- OBJECTS OF THE ISSUE OBJ
Page 61 and 62: a. Plant & Machinery - Imported i.
Page 63 and 64: Work-in-progress 0.43 months 430.00
Page 65 and 66: We propose to raise Rs. [•] Lacs
Page 67: Authority for the issue The Issue h
Page 71 and 72: ii. Lowest - Haldyn Glass Gujarat 5
Page 73 and 74: Benefits available to the Company u
Page 75 and 76: 8. In case of a shareholder being a
Page 77 and 78: Benefits available to other Non-Res
Page 79 and 80: Benefits available to Mutual Funds
Page 81 and 82: Source: Central Statistical Organis
Page 83 and 84: � Fused silica glass - Fused sili
Page 85 and 86: The Total Float Glass Manufactured
Page 87 and 88: increasing demand for hotels/resort
Page 89 and 90: • Hygenic - Glass is a non-porous
Page 91 and 92: 2. High productive and reliable pro
Page 93 and 94: We view geographical expansion of o
Page 95 and 96: Features 93 Toughened Glass is appr
Page 97 and 98: The excellent dampening property of
Page 99 and 100: Brief description of the Processes
Page 101 and 102: c) Lamination Process Process First
Page 103 and 104: 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
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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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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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