APR Constructions Limited - Saffron Capital

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FINANCIAL INDEBTEDNESS The financial indebtedness of our Company as on February 28, 2011is as under: (` Lakhs) Bank Name Facility Limit Outstanding as on 28.02.2011 Rate of Int./Commission (p.a) Karnataka Bank Ltd Overdraft 2750.00 846.90 13.50% Bank Guarantee 12750.00 10158.00 1.25% ICICI Bank Ltd Cash Credit 750.00 756.22 12.00% Bank Guarantee 4250.00 2565.00 Commission for EMD guarantee is 0.70%; plus Handling charges of 0.30% State Bank of India Cash Credit 3000.00 3496.46 13.15% Bank Guarantee 6000.00 556.00 1.655% Punjab National Bank Cash Credit 1000.00 75.00 13.50% Bank Guarantee 3300.00 NIL 1.20% plus ST for performanceguarantee and 1.80% plus ST for financial guarantees I. Primary Securityto Karnataka Bank Ltd 1 Banks - OD/CC facility Hypothecation of Stock/WIP/contract receivables on pari passu basis with ICICI Bank <strong>Limited</strong> and SBI Collateral security for OD / CC limits To Karnataka Bank Ltd 1 G-3,G-4 of Pavani Plaza, Panjagutta, Hyd - in the name of Mr. Adala Prabhakara Reddy 2 G-5,G-6 of Pavani Plaza, Panjagutta, Hyd - in the name of Mrs. Adala Vindhyavali 3 G-7,G-8 of Pavani Plaza, Panjagutta, Hyd - in the name of Mrs. P. Himabindu 4 EM of land property - Plot No. 42,43 at Ramamurthy nagar, Nellore, 876 Sq. yards with 2 storied building belonging to Mrs. Adala Vindhyavali 5 EM of landed property Plot No. 1 - at Benniganahalli Village, KR Puram, Hubli, Bangalore - 4487.25 sft , commercial building with 8 floors - 34,400 sq ft. belonging to Mr. Adala Prabhakara Reddy 6 EM plots bearing no. 1058 at JH coop Housing Society, Hyd - 1250 sq. yards belonging to Mrs. A. Himabindu 7 Vacant commercial site No. 2, D-1, Gangadhara chetty Road, Bangalore -21,000 sq. ft. belonging to Company 8 Co-obligation / guarantee II. a State Bank of India: Primary Security: Collateral Security a)Mrs. Adala Vindhyavali b) Mr. Pulagam Harikrishna c)Dr. Pellakuru Chandra Kiran Reddy d) Mr. Gunapati Murali Krishna Reddy e) Mr. Adala Prabhakara Reddy and f) Mrs. P Himabindu Hypothecation of stocks, receivables and other chargeable current assets of the company, ranking pari-passu, with Karnataka Bank Ltd and ICICI Bank ltd Equitable Mortgage of five properties belonging to company and associate concern(as detailed below) Residential plots Nos 1,2,3 in survey no 311/E, 315/E, & 316/E, located in Nallagandla village, Serilingampally mandal, RR Dist belonging to M/s. Sreenivasa Associates (Project Works) Ltd, admeasuring 1983.85 S.Y. (Document No.1794/08) 180
c d Residential plots Nos 4 &5in survey no 311/E, 315/E, & 316/E, located in Nallagandla village, Serilingampally mandal, RR Dist belonging to M/s. Sreenivasa Associates (Project Works) Ltd, admeasuring 2504.89 S.Y. Two Commercial plots bearing Nos 118 and 119, admeasuring 861.12 SY, located at HUDA Tellapur residential complex, Ramachandrapuram Mandal, Rangareddy District, belonging to company. Vacant site admeasuring 1429 SY located at road no.3, Banjara Hills, Hyderabad belonging to the company. e III Vacant site with a shed, admeasuring 400 SY at D. No. 8-2-283/1 A & B, located at Road No.3, Banjara Hills, Hyderabad, Belonging to the company. Personal guarantee of : 1. Shri. Adala Prabhakara Reddy 2. Shri. P. Harikrishna 3. Shri. Gunapati Murali Krishna Reddy 4.Dr. Pellakuru Chandra Kiran Reddy 5. Smt. Adala Vindhyavali and Corporate Guarantee of :Sreenivasa Associates (Project Works) Ltd To ICICI Bank Ltd 1 Primary Security Pari passu first charge by way of hypothecation on the entire current assets of the Company (present and future) Exclusive mortgage on residential property located at Plot No.14, Road No.5, Jubilee Hills, Hyderabad belonging to Mr. Adala Prabhakara Reddy. 2 Personal Guarantees Personal Guarantees of: IV To Punjab National Bank a)Mr. Adala Prabhakara Reddy b) Mr. Pulagam Harikrishna c) Dr. Pellakuru Chandra Kiran Reddy d)Mrs. Adala Vindhyavali e)Mr. Gunapati Murali Krishna Reddy 1 Primary Security Pari passu first charge by way of hypothecation on the entire current assets of the Company (present and future) Collateral Security Equitable mortgage of 4 acres, 18 guntas of land in servey no. 37 & 40B at Bachupally village, Kutbullapur mandal, RR district of Mr. P Harikrishna 2 Personal Guarantees Personal Guarantees of: a) Mr. Pulagam Harikrishna b) Dr. Pellakuru Chandra Kiran Reddy c)Mrs. Adala Vindhyavali d)Mr. Gunapati Murali Krishna Reddy Important Covenants in Bank Loan Agreements Standard Covenants Bank will have right to examine at all times the company‟s books of accounts and to have the company‟s factories inspected, from time to time, by officer(s) of the Bank/ qualified auditors/ technical experts/ management consultants and the cost of such inspection shall be borne by the company. 181
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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
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Project & Location Waghur Dam, Maha
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B. Earth Works: 1. Excavator/ Back
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We obtain specialized insurance for
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KEY REGULATIONS AND POLICIES Our Co
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8. Local Shops and Establishments L
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HISTORY AND OTHER CORPORATE MATTERS
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imports and exports, purchases, mar
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Of the two, APRCL-CRSSG (JV) was aw
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awarded the contract to the JV vide
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OUR MANAGEMENT Our Company is curre
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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
Page 177 and 178: Interest and Finance charges and De
Page 179 and 180: Interest & Finance Charges Interest
Page 181: 3. Known trends or uncertainties th
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
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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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