SADBHAV ENGINEERING Share price

HISTORY AND CORPORATE STRUCTURE Sadbhav Engineering Private Limited was incorporated on October 3 1988. The registered office was situated at 707 7th Floor Shilp Building Near Municipal Market C G Road Navrangpura Ahmedabad 380009. Our Company became Deemed Public Company by virtue of section 43A(1A) of the Companies Act 1956 w.e.f September 18 1992. This section was subsequently removed and therefore our Company was converted into a Public Limited Company "Sadbhav Engineering Limited" with a fresh Certificate of Incorporation obtained on May 17 2001. The registered office of our Company has shifted to "Sadbhav House?". Opposite Law Garden Police Chowki Ellisbridge Ahmedabad 380 006 with effect from January 3 2004.Mr. Vishnubhai M Patel one of the partners of M/s. Bhavana Construction Co. the erstwhile partnership firm is the Promoter of our Company. He is our Managing Director since inception. M/s. Bhavna Construction Co. a partnership firm was formed in 1968 by Mr. Vishnubhai M. Patel Mrs. Santokben Mafatlal Patel Mr. Jayabtibhai and Mr. Kanubhai Mafatlal Patel. This partnership firm was formed for the purpose of carrying on construction business. By virtue of the partnership deed dated September 16 1988 Mr. Jayabtibhai and Mr. Kanubhai Mafatlal Patel retired from the partnership and eight new partners were inducted in the partnership firm. The new partners were Mr. Chandradevsingh Goresingh Mr. Gautambhai Rambhai Patel Mr. Chetankumar Nandubhai Patel Mr. ArunkumarGoresingh Mr. Pareshbhai Chandrakant Patel Mr. Arvindkumarsingh Goreshingh Mr. Anilkumarsingh Goresingh and Mr. Kiritbhai Anubhai Patel.Our Company took over the running business of M/s Bhavna Construction Co. a partnership firm w.e.f. from October 1 1989 at its book value. The partners of M/s. Bhavna Construction Co. were issued 22500 Equity Shares of Rs. 100/- amounting to Rs. 22.50 lakhs as consideration towards the sale. The partnership firm was dissolved with effect from March 11 1992.The Company was initially engaged in execution of irrigation and mining projects and entered into road projects during the year 1996-97.The total income for the year ended March 31 2005 was Rs. 20728.09 lakhs the Profit after Tax stood at Rs. 738.83 lakhs the EPS was Rs. 12.30 (after adjustment of bonus) and the Networth was Rs. 6030.88 lakhs. For the half year ended September 30 2005 the total income was Rs.12382.43 lakhs the profit after tax stood at Rs. 569.72 lakhs the EPS was Rs. 7.12 (non annualized) and the Networth was Rs. 6588.93 lakhs.Gammon Infrastructure Projects Limited a wholly owned subsidiary of Gammon India Limited acquired a stake of 13.75% of the capital in our Company in March 2005 In November 2005 the shares have been transferred to Gammon India Limited. Synergies of business is one of the reasons for this acquisition. Gammon?s areas of operation includes bridges power etc. As we have a proven and establish track records in timely completion and quality work in road irrigation and mining projects this relationship will work to the betterment of both the organisations.Milestones achieved by the Company.Year Event 1989 - 90 First SSNNL Canal project awarded1992 - 93 First Mining project received1996 - 97 First Road Project executed for L&T2000 - 01 First Road project executed directly2000 - 01 Successful remodeling of Kakrapar Canal in a record period of 75 days2001 - 02 Completed first Canal Syphon across river Watrak2001 - 02 Awarded Rs 140 Crores Road project in JV with HCC2003 - 04 Earned Bonus from NHAI due to early completion of work NH-792004 - 05 Awarded NH - 15 East West Corridor project in JV with Jilin Corporation - China2004 - 05 Investment by Gammon Infrastructure Projects Ltd subsequently the shares were transferred to Gammon India Limited in November 20052005 - 06 Successfully awarded Vadape-Gonde EOT project in JV with Gammon India Limited & B.E. Billimoria & Co. Limited2005 - 06 ISO-9001-2000 certificationAwards & RecognitionOur Company has been awarded the "Excellence Award" by the Institute ofEconomic Studies (IES) for `Excellence in Quality Innovation andManagement' on October 15 2005.Achievements* Rehabilitation of 46 km. long existing Shedhi Branch Canal wascompleted five months before the scheduled date of completion* Widening and strengthening of NH-8A was completed 11 months ahead ofstipulated completion date* Peak progress of excavation of overburden of 1711000 cubic meterswas achieved in January 2001 at the Vastan Mines for GIPCL.* Completed the NH-79 project of NHAI before the scheduled time andearned a bonus of Rs. 1.60 crore from the client.* Received an extension of contract from -OI PC L for removal ofoverburden/Lignite excavation at Vastan Lignite Mines* Have done excavation work in mines to a depth upto 110 meters* Till date we have executed 57 km of work of 458 km long main canalsystem Sardar Sarovar one of the worlds largest Canal* Received Letter of Appreciation from Mr. Guang Z Chen of the WorldBank for the quality of work done on Hattigudur to Bidar Package U3road project.* ISO 9001-2000 certification for Management Systems