APR Constructions Limited - Saffron Capital

More documents

Recommendations

Info

SECTION V – FINANCIAL INFORMATION FINANCIAL STATEMENTS AUDITORS‟ REPORT AND RESTATED FINANCIAL STATEMENTS OF APR CONSTRUCTIONS LIMITED To The Board of Directors, APR Constructions Limited Hyderabad Dear Sirs, We have examined the financial information of APR Constructions Limited (the Company) annexed hereto with this report for the purpose of inclusion in the Draft Red Herring Prospectus (“DRHP”).The financial information has been prepared in accordance with Paragraph B(1) of Part II of Schedule-II of the Companies Act, 1956 (“the Act‟‟), the Securities and Exchange Board of India (“SEBI”) – Issue of Capital and Disclosure Requirements Regulations 2009 ( SEBI (ICDR) regulations), the Guidance Note on Reports in Company Prospectus ( Revised) issued by the Institute of Chartered Accountants of India (“ICAI”) and term of engagement agreed upon by us with the Company. The information has been prepared by the Company and approved by the Board of Directors. A. Financial Information as per Audited Financial Statements We report that: i. The attached “Summary Statement of Profit & Losses, as restated” for the Financial Year ended 2006, 2007, 2008, 2009, 2010 and for the 8 months period ended on 30.11.2010. (Annexure I). ii. The attached “Summary Statement of Assets and Liabilities, as restated” as at 31 st March, 2006, 2007, 2008, 2009, 2010 and as at 30.11.2010. (Annexure II). together referred to as the “Summary Statements”, have been extracted from the financial statements of the respective years audited by us and approved by the Board of Directors/ Members. Based on our examination of these Summary Statements, we further state that The restated profits, assets and liabilities have been arrived at after making such adjustments and the regroupings which in our opinion are appropriate in the year to which they relate, as shown in Annexure-III to this report. The summary statements of the company have been restated wherever required with retrospective effect to reflect the significant accounting policies adopted by the company as at 31st March, 2010 as given in Annexure-IV to this report. 148
B. Other Financial Information: We have also examined the following financial information relating to the Company, which is proposed to be enclosed in the offer document as approved by the Board of Directors of the company. 1. Summary Statement of Cash Flows as Restated - Annexure-V 2. Statement of Accounting Ratios - Annexure-VI 3. Statement of Secured Loans – Principal Terms & Security - Annexure-VII 4. Statement of Sundry Debtors - Annexure -VIII 5. Statement of Loans and advances Annexure - IX 6. Statement of Capitalization -Annexure - X 7. Statement of Tax Shelter- Annexure - XI 8. Statement of Related Party Disclosures - Annexure -XII 9. Statement of Contingent Liabilities - Annexure – XIII 10. Statement of Rates and amount of Dividend – Annexure - XIV 11. Statement of Other Income- Annexure - XV 12. Statement of Reserves & Surplus- Annexure - XVI 13. Statement of Investments- Annexure - XVII 14. Statement of Earnings per Share - Annexure – XVIII 15. There were no changes in significant accounting policies in the last five years. In our opinion, the financial information of the Company attached to this report, as mentioned in paragraph A and B above, read with notes (Annexure-III) and significant accounting policies (Annexure IV) to this report and after making adjustments and regrouping as considered appropriate has been prepared in accordance with Part II of Schedule II of the Companies Act and the Regulations issued by SEBI. We confirm that all notes to accounts as well as significant accounting policies have been incorporated and further there are no material notes to our report which may have material effect on the financial status of the company. This report should not in any way be construed as a re-issuance or re-dating of any of the previous audit report nor this be construed as a new opinion on any of the financial statements referred to herein. This report is intended solely for your information and for inclusion in the Offer Document in connection with the proposed public offering of the Company and is not to be used, referred to or distributed for any other purpose without our prior written consent. For J.B. Reddy & Co. Chartered Accountants Sd/- A.V. Reddy Partner M.No. 23983 FRNo. 003256S Place: Hyderabad Date : March 01, 2011 149
Page 1 and 2:
APR Constructions Limited (Our Comp
Page 3 and 4:
DEFINITIONS AND ABBREVIATIONS SECTI
Page 5 and 6:
Term BOBCAPS Book Building Process
Page 7 and 8:
Term Pay-in-Period Price Band Prici
Page 9 and 10:
Abbreviation Full Form DP ID Deposi
Page 11 and 12:
Industry/ Project Related Terms, De
Page 13 and 14:
Financial Data PRESENTATION OF FINA
Page 15 and 16:
SECTION II - RISK FACTORS RISK FACT
Page 17 and 18:
qualification or shortlisting proce
Page 19 and 20:
Our operations are currently geogra
Page 21 and 22:
24. Our projects under development
Page 23 and 24:
(` in Lakhs) Particulars Year Ended
Page 25 and 26:
We propose to acquire plant and mac
Page 27 and 28:
• Significant development in Indi
Page 29 and 30:
13. Investors are advised to refer
Page 31 and 32:
Key Highlights Government Investm
Page 33 and 34:
In order to surmount strain in capa
Page 35 and 36:
Our major clientele under different
Page 37 and 38:
SUMMARY STATEMENT OF PROFIT AND LOS
Page 39 and 40:
THE ISSUE Issue by our Company Of w
Page 41 and 42:
Name, Designation, Occupation and D
Page 43 and 44:
Statutory Auditor M/s J.B. Reddy &
Page 45 and 46:
Sr. No. requirements and completion
Page 47 and 48:
4) Ensure that the Bid-cum-Applicat
Page 49 and 50:
Only Bids that are uploaded on the
Page 51 and 52:
Notes to capital structure 1. Histo
Page 53 and 54:
Date of allotment/ Transfer Number
Page 55 and 56:
Regulations and in compliance with
Page 57 and 58:
10. Shareholding pattern of our Com
Page 59 and 60:
24. The Equity shares held by the P
Page 61 and 62:
of the proceeds and increasing or d
Page 63 and 64:
17 CATERPILLAR MOTOR GRADER MODEL C
Page 65 and 66:
lakhs respectively. Other current a
Page 67 and 68:
BASIS FOR ISSUE PRICE Investors sho
Page 69 and 70:
STATEMENT OF TAX BENEFITS The Board
Page 71 and 72:
7. The amount of tax paid under sec
Page 73 and 74:
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 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 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: DIVIDEND POLICY Our Company has no
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
Page 191 and 192: PART 4: LITIGATION RELATING TO OUR
Page 193 and 194: GOVERNMENT AND OTHER APPROVALS Our
Page 195 and 196: 5. Special Class Contractor Registr
Page 197 and 198: OTHER REGULATORY AND STATUTORY DISC
Page 199 and 200: 1. “WE HAVE EXAMINED VARIOUS DOCU
Page 201 and 202:
14. WE ENCLOSE A NOTE EXPLAINING HO
Page 203 and 204:
Filing A copy of this Draft Red Her
Page 205 and 206:
Public Issues in the Last Three Yea
Page 207 and 208:
SECTION VII - ISSUE RELATED INFORMA
Page 209 and 210:
applicant would prevail. If the inv
Page 211 and 212:
The Equity Shares have not been and
Page 213 and 214:
Particulars QIBs# Non-Institutional
Page 215 and 216:
ISSUE PROCEDURE This section applie
Page 217 and 218:
Foreign venture capital investors r
Page 219 and 220:
Subject to compliance with all appl
Page 221 and 222:
and conditions that our Company and
Page 223 and 224:
circulation and also by indicating
Page 225 and 226:
SHARES, IF THEY SO DESIRE, AS PER T
Page 227 and 228:
Stock Exchanges; nor does it in any
Page 229 and 230:
(e) Allocation to Eligible NRIs or
Page 231 and 232:
Notice to QIBs: Allotment/Transfer
Page 233 and 234:
number of shares that can be held b
Page 235 and 236:
The Bidders should note that the es
Page 237 and 238:
Other Instructions Joint Bids in th
Page 239 and 240:
20) In case no corresponding record
Page 241 and 242:
shall be punishable with imprisonme
Page 243 and 244:
i. Each successful Bidder shall be
Page 245 and 246:
1. Direct Credit - Applicants havin
Page 247 and 248:
ASBA Bids within eight Working Days
Page 249 and 250:
RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 251 and 252:
6. MODIFICATION OF RIGHTS Whenever
Page 253 and 254:
In the case of debentures or loans
Page 255 and 256:
29. DIRECTORS MAY EXTEND TIME The B
Page 257 and 258:
affect and the direction shall be e
Page 259 and 260:
(1) Notwithstanding anything to the
Page 261 and 262:
previous financial year or years ar
Page 263 and 264:
141. INDEMNITY (1) If the Company s
Page 265 and 266:
12. Application dated [•] for in-
show all

APR Constructions Limited - Saffron Capital

Create successful ePaper yourself

Delete template?

Save as template?