APR Constructions Limited - Saffron Capital

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was raised against Respondent on account of reasons stated hereunder: Non handling over of entire site Change of quarry for CNS and non payment of extra lead Delay in issue of construction drawings Non payment of excess quantities 2. <strong>APR</strong> <strong>Constructions</strong> Ltd (Petitioner) & Narmada Valley Development Authority, Bhopal (Respondent) (Arbitration 58/2008) The Petitioner filed Arbitration Case against the Respondent before the Madhya Pradesh Arbitration Tribunal at Bhopal claiming an amount of `1,07,11,475/- alongwith interest @ 18% p.a. from March 25, 2007 till realisation towards the claims and disputes that arose in the execution of the work of excavation, earth work, cement concrete lining and construction of structures under Rani Avanti Bai Sagar Project Left Bank Canal from 119.500 Kms to 126.190 Kms. The Petitioner has completed the work in all respect and final bill is under preparation. The major dispute arose in the matter on the objection of office of Accountant General (AG) of Madhya Pradesh on alleged excess payment of escalation. The AG office took view that in place of opening of tender document, date of opening of price bid should have been taken as a base date for calculation of escalation. NVDA‟s executive engineer blindly accepted the objection, recalculated bill and intimated excess payment from subsequent running bills. The Petitioner has not accepted this recovery and filed the said arbitration petition. Amt.: `1,07,11,475/- (Rupees One crore seven lakhs eleven thousand four hundred and seventy five only). Status: The matter is pending before the Arbitration Tribunal and the arbitration proceedings have not yet begun. PART 3: LITIGATION AGAINST OR BY OUR DIRECTORS Litigation against the Directors of our Company There is no outstanding litigation against the Directors of our Company. There are no pending litigations against the directors involving violation of statutory regulations or alleging criminal offence. There are no pending proceedings initiated for economic offences against our directors. There are no past cases in which penalties were imposed by the concerned authorities on our Company‟s directors. There are no pending litigations, defaults, non payment of statutory dues, proceedings initiated for economic offences/ civil offences (including the past cases), any disciplinary action taken by the SEBI / stock exchanges against our Company‟s directors. Litigations by our Company‟s Directors: NIL 188
PART 4: LITIGATION RELATING TO OUR PROMOTER AND GROUP COMPANIES OUR PROMOTERS There are no pending litigations in which the promoters are involved. No defaults have been made to the financial institutions/ banks, non-payment of statutory dues and dues towards instrument holders like debenture holders, fixed deposits, and arrears on cumulative preference shares by the Promoters and the companies/ firms promoted by the promoters. Further, there are no cases of pending litigations, defaults, etc. in respect of companies/ firms/ ventures with which the Promoters were associated in the past but are no longer associated. Further, there are no litigations against the Promoters involving violation of statutory regulations or alleging criminal offence. There are no pending proceedings initiated for economic offences against the promoters, companies and firms promoted by the promoters. There are no pending litigations, defaults, non payment of statutory dues, proceedings initiated for economic offences/ civil offences (including the past cases). Further, no disciplinary action was taken by the SEBI/ stock exchanges against the promoters and their other business ventures (irrespective of the fact whether they are companies under the same management with the Issuer Company as per section 370 (1B) of the Companies Act, 1956). OUR GROUP COMPANIES A. Litigation against group company:NIL B. Cases Filed by group companies: NIL C. None of the Group Companies have faced/are facing any litigations/defaults/over dues or labour problems/closure etc, Part 5: Other disclosures Our promoters, their relatives (as per Companies Act, 1956), issuer, group companies, associate companies are not declared as willful defaulters by RBI/ government authorities and there are no violations of securities laws committed by them in the past or pending against them. Except as mentioned in chapter “Outstanding Litigation and Material Developments”, there are no outstanding litigation, suits or criminal or civil prosecutions, proceedings or tax liabilities present or past by / against our Company, Directors, promoters, Group Companies and against the directors in their individual capacity that would have a material adverse effect on our Company and there are no defaults, non-payment or over dues of statutory dues, institutional/ bank dues that would have a material adverse effect on our Company. Our Company, promoters, directors or any of our Company‟s Associates or Group companies or other ventures of the promoters and companies with which the directors of our Company are associated as directors or promoters have not been prohibited from accessing the capital markets under any order or direction passed by SEBI and no penalty has been imposed at any time by any of the regulators in India or abroad. There are no changes in the business of our Company, including discontinuance of lines of business, during the last five years, which may have had a material effect on the profits of our Company. 189
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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
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Sitting Fees payable to Non Executi
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3. Monitoring transfers, transmissi
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Management Organisational Structure
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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 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: 8376/2008 of Delhi, New Delhi Const
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
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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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