APR Constructions Limited - Saffron Capital

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Any body corporate in which a body corporate as mentioned above holds 10% or more, of the equity share capital. Any HUF or firm in which the aggregate shareholding of the 1. promoter and his immediate relatives is equal to or more than 10% NIL A. Prabhakara Reddy(HUF) Common Pursuits One of our Promoters, Mr. Adala Prabhakara Reddy is also the promoter of one of our group companies, Sreenivasa Associates (Project Works) Limited which has objects similar to that of our Company. Except as stated above none our Promoters/ any member of Promoter Group have interest in any venture that is involved in any activities similar to those conducted by our Company. We shall adopt the necessary procedures and practices as permitted by law to address any conflict situations, as and when they may arise. Interest of Promoters The Promoters of our Company are interested to the extent of their shareholding in our Company and the dividend they are entitled to receive, if declared, by our Company. Further, our Promoters who are also the Directors of our Company may be deemed to be interested to the extent of fees, if any, payable to them for attending meetings of the Board or a Committee thereof as well as to the extent of other remuneration, reimbursement of expenses payable to them. The registered office of our Company has been acquired on lease basis from Sreenivasa Associates (Project Works) Ltd., one of our Group Companies. Our Promoters or Promoter Group will be deemed to be interested to the extent of the lease rent received by Sreenivasa Associates (Project Works) Ltd. from our Company. For further information on our properties, please refer the section titled “Our Business” beginning on page 94 of this DRHP. Except as stated in the section “Our Promoters” in this DRHP, we have not entered into any contract, agreements or arrangements during the preceding two years from the date of this DRHP in which the Promoters are directly or indirectly interested and no payments have been made to them in respect of the contracts, agreements or arrangements which are proposed to be made with them including the properties purchased by our Company other than in the normal course of business. Further except as otherwise stated under the heading Related Party Transaction under the section titled “Financial Statement” beginning on page 148 of this DRHP, the promoters do not have any other interest in the business of our Company. Payment or Benefit to Our Promoters For details of payments or benefits paid to our promoters, please refer to paragraph “Compensation And Benefits To Managing Director / Wholetime Director”, “Interest of Promoters” and “Related Party Transactions” beginning on pages 127, 138 and 165 respectively of this DRHP. Defunct Group Companies None of our Group Companies which had remained defunct and for which application was made to the Registrar of Companies for striking off the name of the company, during the five years preceding the date of filing offer document with the Board except as given below: Binduvindhya Investments Limited (BIL) BIL, one of our Group Company, promoted by Mrs. Adala Vindhyavali and M/s APR Construction Limited on July 07, 1993 having its registered office at Flat No 101, Bhanu Enclave, Besides ESI Hospital, Erragadda, Hyderabad 500038. BIL has not carried on any commercial operations since inception. 138
BIL has made an application dated September 10, 2010 to the Registrar of Companies, Andhra Pradesh under section 560 of the Companies Act, 1956 for striking off the name from the records of RoC, Andhra Pradesh and which was duly approved on March 09, 2011. Bhanurekha Investment Private Limited (BIPL) BIPL, one of our Group Company, promoted by Mr. Adala Prabhakara Reddy and M/s APR Construction Limited on August 11, 1993 having its registered office at Flat No 101, Bhanu Enclave, Besides ESI Hospital, Erragadda, Hyderabad 500038. BIPL has not carried on any commercial operations in the last 5 years. BIPL made an application dated September 09, 2010 to the Registrar of Companies, Andhra Pradesh under section 560 of the Companies Act, 1956 for striking off the name from the records of RoC, Andhra Pradesh and which was duly approved on March 9, 2011. Prabhakar Investments Private Limited (PINPL) PINPL, one of our Group Company, promoted by Mr. Adala Prabhakara Reddy on March 29, 1984 having its registered office at Plot No 14, Road No - 5, Jubilee Hills, Hyderabad 500033. The main object of PINPL is to undertake investment activities. PINPL made an application dated September 09, 2010 to the Registrar of Companies, Andhra Pradesh under section 560 of the Companies Act, 1956 for striking off the name from the records of RoC, Andhra Pradesh, which was duly approved on March 9, 2011. PINPL has made an application dated March 22, 2011with RoC, Andhra Pradesh with a request to restore its name on their records. Details of Companies / firms from which Promoters have disassociated Except as set out below none of our Promoters have disassociated themselves from any company / partnership in the last three years: Sr. No. Name of the Company 1 G. Murali Krishna Reddy & Co 2 APR GRANITES Name of the Promoter Date of Reason for Disassociation Disassociation Mrs. Adala Vindhyavali 01-04-2009 Retirement from Partnership Mr. Pulagam Harikrishna & Mr. Adala Prabhakara Reddy 01-04-2009 Retirement from Partnership Terms of Disassociation Transfer of business to new partners on “As is where is” condition. Transfer of business to new partners on “As is where is” condition. Related Party Transactions For details on related party transactions refer to Related Party Transaction under the chapter titled “Financial Statements” beginning on page 148 of this DRHP. 139
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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
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B. 2. Non-Resident Indians Further,
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months from the date of transfer in
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(Source:CRISIL Research, Indian Inf
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Operations and Maintenance (O&M) Co
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Major and Medium irrigation project
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Funding Sources Irrigation projects
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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 and 126: awarded the contract to the JV vide
Page 127 and 128: OUR MANAGEMENT Our Company is curre
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: Promoter and Promoter Group Matrix
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
Page 177 and 178: Interest and Finance charges and De
Page 179 and 180: Interest & Finance Charges Interest
Page 181 and 182: 3. Known trends or uncertainties th
Page 183 and 184: c d Residential plots Nos 4 &5in su
Page 185 and 186: SECTION VI - LEGAL AND OTHER INFORM
Page 187 and 188: paid by the NBCC and that the Sub c
Page 189 and 190: 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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