APR Constructions Limited - Saffron Capital

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7. The Works awarded to the Joint Ventures, in which the Company is a partner, are shared as per the contract work sharing arrangements and executed as independent contract works by the partners of the said Joint Ventures. The Profit to the Joint Ventures, representing commission received as reduced by expenses, is being shared by the partners to the joint ventures. 8. Deferred Tax (Asset) / Liability: The significant component and classification of deferred tax liability on account of timing difference are: (Rs. in lakhs) Sr. Particulars As at As at 31 st March No. 30-11- 2010 2009 2008 2010 2007 2006 1 Timing difference on account of 466.41 506.59 475.27 303.94 240.61 157.33 depreciation 2 Timing Differences on account of (39.18) (30.84) (31.86) (18.91) (11.28) (8.69) Retirement benefits 3 Net timing difference 427.23 475.75 443.40 285.02 229.33 148.65 4 Deferred Tax Liability 145.21 161.70 150.71 96.88 77.20 50.03 9. Based on the information available with the Company, there are no suppliers who are registered under the Micro, Small & Medium Enterprises Development Act, 2006 as at 30 th November, 2010. Hence the information as required under Micro, Small & Medium Enterprises Development Act, 2006 is not disclosed. 10. The Company‟s operations comprise only one reportable segment i.e. infrastructure business. During the period under report, the Company is engaged in its business only within India and not in any other Country. The conditions prevailing in India being uniform, no separate geographical disclosure is considered necessary. 11. For the Financial Year 2008-09 the company had a subsidiary company, M/s. APR Bridge Company Private Limited. On 27.03.2010 APR Bridge Company Private Limited has allotted 24,255 equity shares to APR Constructions Limited further the company has disposed off 20,000No of equity shares on 30.03.2010 Consequent to which the share holding of the company in APR Bridge Company Private Limitedwas reduced to 28.48% , there by ceased to be the subsidiary of the company. 158
ANNEXURE - V SUMMARY STATEMENT OF CASH FLOWS, AS RESTATED The Cash Flows of the company for the five financial years ended on 31 st March of 2006 to 2010 and for the 8 months period ended on 30 th November, 2010 read with significant accounting policies, notes on accounts are set out below: (Rs. in lakhs) Particulars As at As at 31st March 30-11-2010 2010 2009 2008 2007 2006 A. Cash Flows from operating activities Net Profit before tax 1,336.12 2,334.11 1,610.33 1,576.68 1,748.01 907.87 Adjustments for: Depreciation 394.69 578.17 469.42 282.21 214.36 123.90 Misc. Exp - - 0.00 0.00 0.00 0.00 Loss/profit on sale of fixed assets - 0.80 - - (632.27) - Interest income (83.42) (288.29) (202.77) (133.52) (92.81) (80.54) Investments Written off 20.00 - - - - - Lease Rent on Property (8.00) (7.42) - - - - Share of Profit from Joint Ventures (19.15) (31.09) (24.99) (12.22) - - Interest expense 974.35 1,294.57 1,143.37 450.16 298.60 209.01 Operating profit before working capital changes 2,614.59 3,880.85 2,995.35 2,163.31 1,535.90 1,160.24 Inventory (1,194.71) (1,647.28) (1,526.87) (1,335.90) (622.74) (12.91) Trade Receivable 575.18 (1,109.95) (1,398.96) 341.75 (500.86) (104.15) Loans & Advances (163.66) (1,328.74) (1,487.88) (479.04) (1,217.95) (104.45) Trade Payables (649.45) 1,727.90 (613.80) 534.73 78.50 (2.25) Other current liabilities 8.34 (1.03) 12.96 7.62 2.61 8.28 Cash generated from operations 1,190.29 1,521.75 (2,019.20) 1,232.47 (724.54) 944.76 Direct Tax paid (805.50) (510.54) (532.88) (598.06) (319.17) (151.49) Prior period expenses / incomes - - - - - Net cash generated from operating activities (A) 384.79 1,011.21 (2,552.08) 634.41 (1,043.71) 793.27 B. Cash Flows from investing activities Purchase of fixed assets (48.17) (188.19) (2,562.37) (653.33) (1,222.65) (1,434.89) Sale of Fixed assets 4.30 - - 900.00 - Interest received 83.42 288.29 202.77 133.52 92.81 80.54 Investments Written off (20.00) - - - - - Increase in Investments 0.76 (33.28) (26.07) (12.76) - - Lease Rent on Property 8.00 7.42 - - - - Share of Profit from Joint Ventures 19.15 31.09 24.99 12.22 Net Cash used in investing activities (B) 43.16 109.63 (2,360.68) (520.35) (229.84) (1,354.35) C. Cash flow from financing activities Increase in share capital - - 607.72 215.43 200.00 400.00 Increase in share money deposit - - - (12.91) - - Decrease in Reserves - - (607.72) (202.57) (200.00) - Increase / decrease in long-term borrowings (1544.24) (1443.04) 3701.01 1,292.29 464.07 966.34 Increase / decrease in short-term borrowings 1537.89 760.58 2047.60 619.15 507.08 563.93 Interest paid (974.35) (1,294.58) (1,143.37) (450.16) (298.60) (209.01) Net cash from financing activities [C] (980.70) (1,977.04) 4,605.24 1,461.23 672.55 1,721.26 Net increase / decrease in cash and cash equivalents (A + B + C) (552.75) (856.19) (307.52) 1,575.29 (601.00) 1,160.18 Opening balance of cash and cash equivalents 2,653.21 3,509.40 3,816.92 2,241.63 2,842.63 1,682.45 Closing balance of cash and cash equivalents 2,100.46 2,653.21 3,509.40 3816.92 2,241.63 2,842.63 159
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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
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Rural roads PMGSY: Government‟s c
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Rural roads under the PMGSY are 100
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To realize this potential, the Indi
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In addition to above, private playe
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Our major clientele under different
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Having a pan-India presence by bidd
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Indent Source identification Collec
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. Construction of Canals including
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Project & Location Construction of
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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 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: 5. Managerial Remuneration: Sr. No.
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
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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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