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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BASIS FOR ISSUE PRICE<br />
The issue price will be determined by our Company in consultation with the BRLM on the basis <strong>of</strong> assessment <strong>of</strong><br />
market dem<strong>and</strong> for the equity shares <strong>of</strong>fered by way <strong>of</strong> book building.<br />
Investors should read the following summary with the section titled “Risk Factor”s beginning on page [•] <strong>and</strong><br />
the details about our Company <strong>and</strong> its financial statements included in this Draft Red Herring Prospectus on<br />
page [●]. The trading price <strong>of</strong> the equity shares <strong>of</strong> our Company could decline due to these risks <strong>and</strong> you may<br />
lose all or part <strong>of</strong> your investments.<br />
Qualitative Factors:<br />
1. Pr<strong>of</strong>it making company since incorporation<br />
We are an existing pr<strong>of</strong>it making Company in operations since inception. Our restated Pr<strong>of</strong>it after Tax for last<br />
3 years is given below<br />
(Rs. in Lacs)<br />
Particulars March 31, 2005 March 31, 2006 March 31, 2007 Half year ended<br />
September 30,<br />
2007<br />
Net Pr<strong>of</strong>it after tax<br />
as restated<br />
2. Our ability to devise <strong>glass</strong> solutions<br />
250.03 216.20 276.33 248.43<br />
Our promoters have more than a decade experience in the <strong>glass</strong> industry. Mr. Amrut S. Gada, along with his<br />
technical team has developed competence to conceptualise the needs <strong>of</strong> the customers <strong>and</strong> accordingly<br />
devise solutions for them. With this ability, we add value to our products specified by our customers, <strong>and</strong><br />
develop solutions for them with the shortest possible lead time. This helps us in building a strong <strong>and</strong><br />
continuous relationship with our customers, strengthening our market position. We have been growing with a<br />
vision <strong>of</strong> devising complete <strong>architectural</strong> <strong>glass</strong> solutions for our customers.<br />
3. High productive <strong>and</strong> reliable processing <strong>and</strong> manufacturing technology<br />
We believe that our growth is sustained by the efforts put in by the employees <strong>and</strong> the technology that we<br />
adopt. Sejal <strong>of</strong>fers a wide range <strong>of</strong> <strong>glass</strong> products <strong>and</strong> has established state <strong>of</strong> art pre-processing facilities<br />
(cutting, edging, drilling <strong>and</strong> washing) <strong>and</strong> processing facilities (Lamination, Insulation <strong>and</strong> Tempering). All<br />
the key machineries at our existing as well as the proposed facility are bought from various well established<br />
suppliers.<br />
4. Our Quality Policy<br />
The shift from commoditisation to br<strong>and</strong>ing has allowed the firms to usher in a new level <strong>of</strong> quality<br />
consciousness.<br />
We underst<strong>and</strong> the quality as fitness in all aspects for the intended purpose <strong>of</strong> the <strong>glass</strong>, which is reflected in<br />
all that we do. We, as a policy, manufacture <strong>and</strong> market goods which comply with the customers need <strong>and</strong><br />
design specifications. It is our aim to respond with the ever changing needs <strong>of</strong> the customers in the most cost<br />
effective way. To improve our quality, we involve our customers, suppliers <strong>and</strong> employees in the process.<br />
5. Our Management <strong>and</strong> Key management Personnel<br />
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