APR Constructions Limited - Saffron Capital

Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 536.52 314.42 0.00
Other Income 4.02 2.36 0.00
Net Profit 3.22 1.93 0.00
Share Capital
- APRCL 3.50 1.25 0.00
- KS 2.20 0.83 0.00
Loans Funds Nil Nil Nil
7. PVRPL - APRCL (JV)
Our Company has entered into a Memorandum of Understanding with M/s PVR Projects Limited dated April 14,
2006pursuant to which joint venture entity PVRPL-APRCL (JV) (in proportion of 50:50) has been formed for the
execution of “Construction ofEarthern Dam including Spillway, Stilling Basin Divide Wall, Approach and Tail
Channel of Jigaon Project Tal: Nandur, Dist: Buldana.”
PVRPL-APRCL (JV) was awarded the contract by Office of the Executive Engineer, Mint Project Division,
Khamgaon vide letter dated November 1, 2006.
The said joint venture has entered in to a sub-contracting agreement dated October 31, 2006 with our Company
whereby 50% of the project was sub-contracted to our Company for a royalty of 0.10% on the gross bills.
Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 2,406.64 1,000.00 0.00
Other Income 2.41 1.00 0.00
Net Profit 1.85 0.41 0.00
Share Capital
- APRCL 1.80 0.74 0.00
- PVRPL 1.67 0.74 0.00
Loans Funds Nil Nil Nil
Shareholders Agreement
Our company has not entered into any shareholders agreement as on the date of this DRHP.
Strategic Partners
As on the date of this DRHP, our Company doesn‟t have any strategic partners.
Financial Partners
As on the date of this DRHP, apart from our arrangements with our Lenders and Bankers, which we undertake in
ordinary course of business, our Company doesn‟t have any financial partners within the meaning of SEBI (ICDR)
Regulations.
Other Agreements
Except as stated in the section titled “History and Other Corporate Matters” in this DRHP and the contracts, which
have been entered in regular course of business, there are no other material agreements or contracts, which have been
entered into within a period of two years prior to the date of this DRHP, which are subsisting as on date.
124