APR Constructions Limited - Saffron Capital

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Supply National Highways (Source: NHAI and CRISIL Research, Indian Infrastructure Report, November 2009) CRISIL Research expects to see around 18,000 km (that is, 8 km per day) of roads in various phases of NHDP to be developed at an estimated cost of around Rs 1,888 billion over the next 5 years from 2009-10 to 2013-14. The government‟s focus on developing the roads sector and reduction in ambiguity in its policies is expected to aid future investments in roads. Around 14,000 km still remain to be awarded in Phase III and Phase V. Most of the projects in these phases are expected to be awarded on BOT basis. After a lull seen in awarding projects in the last 2 years due to policy issues coupled with the economic slowdown, CRISIL Research believes in favourable changes in government policies and attractive returns in the sector would increase the private sector‟s participation and thus result in faster execution of road projects. Based on the past and current trend of awarding projects and the implementation schedule, CRISIL Research believes that the ongoing projects under Phases I, II,III and V will be completed to a substantial extent (over 90 per cent) by 2016-17 (Source:CRISIL Research, Indian Infrastructure Report, November 2009) State Roads Upcoming projects (excluding ongoing projects) aggregating to total length of 25,724 km are being planned in progressive states like Karnataka, Gujarat, Madhya Pradesh, Maharashtra and Rajasthan. These projects are expected to be awarded in the next 5 years. Nearly 80 per cent of upcoming state road projects in these states are being planned on the PPP model. These states are taking several initiatives in facilitating and promoting private sector participation in road projects. A well-defined policy framework with Model Concession Agreement (MCA), Toll Policy and a structured bidding process has further encouraged private sector participation in these five states. (Source:CRISIL Research, Indian Infrastructure Report, November 2009) 86
Rural roads PMGSY: Government‟s continued focus on rural roads aids significant progress (Source:CRISIL Research, Indian Infrastructure Report, November 2009) In PMGSY, CRISIL Research expects around 410,487 km (including new connectivity and up gradation) to be constructed over the next 5 years, based on past execution track record and the government‟s continued focus. It is expected that 225 km to be constructed per day in the coming years. The growth rate is expected to be around 15 per cent over the next 3 years and 10 per cent for the subsequent 2 years. (Source:CRISIL Research, Indian Infrastructure Report, November 2009) Major Initiatives Special Accelerated Road Development Programme for North Eastern region (SARDP-NE): It envisages improvement of road connectivity to all the State <strong>Capital</strong>s and District Headquarters in the North Eastern region. The proposed programmeincludes improvement of 9760 km of roads comprising of National Highways(5104 km) and State roads (4656 km), which will be implemented under Phase „A‟, Phase „B‟ and Arunachal Pradesh Package for Roads & Highways. The Government has approved Phase-A comprising 1959 km of National Highways and 657 km of State Roads; preparation of Detailed Project Report (DPR) for Phase-B comprising of 1673 km of National Highways and 3152 km of State Roads and Arunachal Pradesh Package of Roads & Highways comprising 1472 km of National Highways and 847 km of State Roads . (Source: www.morth.nic.in) Public Private Partnerships The increasing resource requirements and the concern for managerial efficiency and consumer responsiveness have led in recent time to an active involvement of private sector. To encourage participation of private sector, the government has announced several incentives such as – Government will carry out all preparatory work including land acquisition and utility removal. Right of way (ROW) to be made available to concessionaires free from all encumbrances. NHAI / GOI to provide capital grant up to 40% of project cost to enhance viability on a case to case basis 100% tax exemption for 5 years and 30% relief for next 5 years, which may be availed of in 20 years. Concession period allowed up to 30 years Arbitration and Conciliation Act 1996 based on UNICITRAL provisions. In BOT projects entrepreneur are allowed to collect and retain tolls Duty free import of specified modern high capacity equipment for highway construction. (Source: NHAI) 87
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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
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: Up gradation/ strengthening of 5,00
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
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Promoter and Promoter Group Matrix
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BIL has made an application dated S
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2. Prarthana Inns Private Limited (
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Shareholding Pattern Sr. No. Name o
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Shareholding Pattern Sr. No. Name o
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DIVIDEND POLICY Our Company has no
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B. Other Financial Information: We
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ANNEXURE II SUMMARY STATEMENT OF AS
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STATEMENT OF ADJUSTMENTS TO AUDITED
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e. Inventories: Materials, Stores a
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5. Managerial Remuneration: Sr. No.
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ANNEXURE - V SUMMARY STATEMENT OF C
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I. Primary Securityto Karnataka Ban
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ANNEXURE- IX STATEMENT OF LOANS AND
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ANNEXURE- XII Detail of Related Par
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Sreenivasa Associates (Project Work
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ANNEXURE -XVII STATEMENT OF INVESTM
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MANAGEMENT‟S DISCUSSION AND ANALY
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Work Expenditure Work expenditure c
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Interest and Finance charges and De
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Interest & Finance Charges Interest
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3. Known trends or uncertainties th
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c d Residential plots Nos 4 &5in su
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SECTION VI - LEGAL AND OTHER INFORM
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paid by the NBCC and that the Sub c
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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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