APR Constructions Limited - Saffron Capital

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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
OUR MANAGEMENT Our Company is currently managed by the Board of Directors comprising of six Directors. Mr. Pulagam Harikrishna is the Managing Director and is in charge of overall management of our Company subject to the supervision and control of the Board. As per our Articles of Association, our Board shall consist of not less than three Directors and not more than twelve Directors. OUR DIRECTORS Our Board consists of six Directors of which two are Executive Directors, two are Non-Executive Non-Independent Directors and two are Independent Directors. Our Chairman is Non – Executive and Independent Director. The following table sets forth the details regarding our Board of Directors as on the date of filing of this Draft Red Herring Prospectus with SEBI. Sr. No. Name, Father‟s / Husband‟s Name, Address, Designation, Occupation, DIN and Nationality. 1. Mr. Hari Vittal Rao Chinthalapati S/o Mr. Venkateshwar Rao Seetharamaiah Chinthalapati Plot No. 24, Phase I, Kamalapuri Colony, Srinagar Colony, Hyderabad - 500073 Designation: Chairman (Independent Director) Occupation: Ex-Banker DIN: 00012970 Nationality: Indian 2. Mr. Pulagam Harikrishna S/o Mr. Pulagam Balarami Reddy H.No. 8-2-888/B/5/A, Road No. 12, Banjara Hills, Hyderabad – 500034 Designation: Managing Director Occupation: Service DIN: 01343079 Nationality: Indian 3. Mrs. Adala Vindhyavali W/o Mr. Adala Prabhakara Reddy Plot No 14, Road No. 5, Jubilee Hills, Hyderabad- 500034 Designation: Non- Executive Director Occupation: Business DIN:01685062 Nationality: Indian Date of Appointment and Terms of Office Appointed as Independent director with effect from September 23, 2006 Terms of office: liable to retire by rotation Appointed as first Director of our Company on December 03, 2004 Appointed as a Managing Director of our Company for a period of five years with effect from July 01, 2005. Re-appointed as a Managing Director of our Company for a period of three years with effect from October 01, 2009. Terms of office: Holds office as Managing Director till September 30, 2012 Appointed as first Director of our Company on December 03, 2004 Terms of office: liable to retire by rotation 125 Age Other Directorships 71 1. Gayatri Projects Limited. 36 1. Sreenivasa Associates (Project Works) Limited 2. APR Hotels Limited 3. Prarthana Inns Private Limited 4. APR Bridge Company Private Limited 56 1. APRHotels Limited 2. Prabhakar Investments Private Limited 3. APR BridgeCompany Private Limited
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APR Constructions Limited (Our Comp
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DEFINITIONS AND ABBREVIATIONS SECTI
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Term BOBCAPS Book Building Process
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Term Pay-in-Period Price Band Prici
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Abbreviation Full Form DP ID Deposi
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Industry/ Project Related Terms, De
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Financial Data PRESENTATION OF FINA
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SECTION II - RISK FACTORS RISK FACT
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qualification or shortlisting proce
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Our operations are currently geogra
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24. Our projects under development
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(` in Lakhs) Particulars Year Ended
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We propose to acquire plant and mac
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• Significant development in Indi
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13. Investors are advised to refer
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Key Highlights Government Investm
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In order to surmount strain in capa
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Our major clientele under different
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SUMMARY STATEMENT OF PROFIT AND LOS
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THE ISSUE Issue by our Company Of w
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Name, Designation, Occupation and D
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Statutory Auditor M/s J.B. Reddy &
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Sr. No. requirements and completion
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4) Ensure that the Bid-cum-Applicat
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Only Bids that are uploaded on the
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Notes to capital structure 1. Histo
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Date of allotment/ Transfer Number
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Regulations and in compliance with
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10. Shareholding pattern of our Com
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24. The Equity shares held by the P
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of the proceeds and increasing or d
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17 CATERPILLAR MOTOR GRADER MODEL C
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lakhs respectively. Other current a
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BASIS FOR ISSUE PRICE Investors sho
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STATEMENT OF TAX BENEFITS The Board
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7. The amount of tax paid under sec
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If the specified asset is transferr
Page 75 and 76: B. 2. Non-Resident Indians Further,
Page 77 and 78: months from the date of transfer in
Page 79 and 80: (Source:CRISIL Research, Indian Inf
Page 81 and 82: Operations and Maintenance (O&M) Co
Page 83 and 84: Major and Medium irrigation project
Page 85 and 86: Funding Sources Irrigation projects
Page 87 and 88: Up gradation/ strengthening of 5,00
Page 89 and 90: Rural roads PMGSY: Government‟s c
Page 91 and 92: Rural roads under the PMGSY are 100
Page 93 and 94: To realize this potential, the Indi
Page 95 and 96: In addition to above, private playe
Page 97 and 98: Our major clientele under different
Page 99 and 100: Having a pan-India presence by bidd
Page 101 and 102: Indent Source identification Collec
Page 103 and 104: . Construction of Canals including
Page 105 and 106: Project & Location Construction of
Page 107 and 108: Project & Location Value of Project
Page 109 and 110: Project & Location Waghur Dam, Maha
Page 111 and 112: B. Earth Works: 1. Excavator/ Back
Page 113 and 114: We obtain specialized insurance for
Page 115 and 116: KEY REGULATIONS AND POLICIES Our Co
Page 117 and 118: 8. Local Shops and Establishments L
Page 119 and 120: HISTORY AND OTHER CORPORATE MATTERS
Page 121 and 122: imports and exports, purchases, mar
Page 123 and 124: Of the two, APRCL-CRSSG (JV) was aw
Page 125: awarded the contract to the JV vide
Page 129 and 130: years, Special Silver Award and The
Page 131 and 132: Sitting Fees payable to Non Executi
Page 133 and 134: 3. Monitoring transfers, transmissi
Page 135 and 136: Management Organisational Structure
Page 137 and 138: Employees As on February 28, 2011 o
Page 139 and 140: Promoter and Promoter Group Matrix
Page 141 and 142: BIL has made an application dated S
Page 143 and 144: 2. Prarthana Inns Private Limited (
Page 145 and 146: Shareholding Pattern Sr. No. Name o
Page 147 and 148: Shareholding Pattern Sr. No. Name o
Page 149 and 150: DIVIDEND POLICY Our Company has no
Page 151 and 152: B. Other Financial Information: We
Page 153 and 154: ANNEXURE II SUMMARY STATEMENT OF AS
Page 155 and 156: STATEMENT OF ADJUSTMENTS TO AUDITED
Page 157 and 158: e. Inventories: Materials, Stores a
Page 159 and 160: 5. Managerial Remuneration: Sr. No.
Page 161 and 162: ANNEXURE - V SUMMARY STATEMENT OF C
Page 163 and 164: I. Primary Securityto Karnataka Ban
Page 165 and 166: ANNEXURE- IX STATEMENT OF LOANS AND
Page 167 and 168: ANNEXURE- XII Detail of Related Par
Page 169 and 170: Sreenivasa Associates (Project Work
Page 171 and 172: ANNEXURE -XVII STATEMENT OF INVESTM
Page 173 and 174: MANAGEMENT‟S DISCUSSION AND ANALY
Page 175 and 176: Work Expenditure Work expenditure c
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Interest and Finance charges and De
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Interest & Finance Charges Interest
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3. Known trends or uncertainties th
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c d Residential plots Nos 4 &5in su
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SECTION VI - LEGAL AND OTHER INFORM
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paid by the NBCC and that the Sub c
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8376/2008 of Delhi, New Delhi Const
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PART 4: LITIGATION RELATING TO OUR
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GOVERNMENT AND OTHER APPROVALS Our
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5. Special Class Contractor Registr
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OTHER REGULATORY AND STATUTORY DISC
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1. “WE HAVE EXAMINED VARIOUS DOCU
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14. WE ENCLOSE A NOTE EXPLAINING HO
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Filing A copy of this Draft Red Her
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Public Issues in the Last Three Yea
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SECTION VII - ISSUE RELATED INFORMA
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applicant would prevail. If the inv
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The Equity Shares have not been and
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Particulars QIBs# Non-Institutional
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ISSUE PROCEDURE This section applie
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Foreign venture capital investors r
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Subject to compliance with all appl
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and conditions that our Company and
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circulation and also by indicating
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SHARES, IF THEY SO DESIRE, AS PER T
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Stock Exchanges; nor does it in any
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(e) Allocation to Eligible NRIs or
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Notice to QIBs: Allotment/Transfer
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number of shares that can be held b
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The Bidders should note that the es
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Other Instructions Joint Bids in th
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20) In case no corresponding record
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shall be punishable with imprisonme
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i. Each successful Bidder shall be
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1. Direct Credit - Applicants havin
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ASBA Bids within eight Working Days
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RESTRICTIONS ON FOREIGN OWNERSHIP O
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6. MODIFICATION OF RIGHTS Whenever
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In the case of debentures or loans
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29. DIRECTORS MAY EXTEND TIME The B
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affect and the direction shall be e
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(1) Notwithstanding anything to the
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previous financial year or years ar
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141. INDEMNITY (1) If the Company s
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12. Application dated [•] for in-
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APR Constructions Limited - Saffron Capital

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