Annual Report 2010-2011 - Gammon India

Nature of Transactions/Relationship/Major Parties Current Year Previous Year
ENTITIES WHERE CONTROL ExITS
Amounts Amounts from
Major Parties
A NNUAL R EPORT I 2010/11
(` in Crores)
Amounts Amounts from
Major Parties
Dividend paid to Shareholders 3.41 1.50
Devyani Estate & Properties Private Limited 0.53 0.32
Masayor Enterprises Limited 0.12 —
Nikhita Estate Developers Private Limited 0.35 0.21
Pacific Energy Private Limited 1.63 0.90
First Asian Capital Resources Private Limited 0.68 0.02
Abhijit Rajan 0.10 0.06
TOTAL 3.41 1.50
KEY MANAGERIAL PERSONNEL
Remuneration paid 9.51 6.48
Mr. Abhijit Rajan 4.28 1.42
Mr. H. V. Parikh 0.25 0.80
Mr. R. A. Bhansali 0.44 0.55
Mr. Rohit Modi 3.68 1.87
Mr. D. C. Bagde 0.86 1.84
TOTAL 9.51 6.48
JOINT VENTURE
Subcontracting Income 453.62 385.20
Patel Gammon 198.27 118.10
Indira Container Terminal Private Limited 104.18 27.00
Jager Gammon 44.49 61.19
Gammon JMC 69.08 120.24
Purchase of Investments/Advances towards Equity —
10.91
Indira Containor Terminal Private Limited —
10.91
Finance provided for expenses & on A/c. payments 2.68 7.66
Gammon Enceerail 0.20 5.02
Gammon Rizzani —
1.80
Gammon Progressive 0.67 0.20
Gammon Atlanta JV 0.81 —
Gammon Al Matar JV 0.83 0.37
Amount liquidated towards the finance provided 2.33 26.41
Gammon Al Matar JV 2.33 25.92
Interest Income during the year 0.29 1.76
Gammon Al Matar JV 0.29 1.76
Finance received for expenses & on A/c. payments 1.46 —
Gammon Al Matar JV 1.44 —
Interest paid during the year 4.09 6.70
Jager Gammon 2.35 3.30
Gammon Al Matar JV 0.29 1.76
Gammon JMC 0.10 1.50
Gammon Cidade Tensacciai 1.15 —
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