Annual Report 2010-2011 - Gammon India

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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 — 101
Nature of Transactions/Relationship/Major Parties Current Year Previous Year 102 A NNUAL R EPORT I 2010/11 Amounts Amounts from Major Parties Contract Advance received 120.19 94.05 (` in Crores) Amounts Amounts from Major Parties Jager Gammon 5.76 18.81 Indira Containor Terminal Private Limited — Gammon Cidade Tensacciai 26.40 — Gammon Mosmetro 70.53 — Patel Gammon 17.50 28.08 Refund received against Contract Advance 76.64 108.72 Jager Gammon 27.06 17.30 Gammon JMC 2.20 29.75 Patel Gammon 41.12 57.35 Guarantees and Collaterals Outstanding 440.12 316.68 Outstanding Balances Receivables 226.53 250.34 Gammon AL Matar JV 60.99 73.18 Jager Gammon 11.46 63.47 Patel Gammon 68.21 48.61 Gammon JMC 23.34 — Outstanding Balances Payable 195.53 149.67 Gammon Cidade Tensacciai 26.40 — Gammon Mosmetro 70.53 — Indira Containor Terminal Private Limited 33.35 55.13 Jager Gammon 16.34 37.35 Patel Gammon 3.72 14.92 Gammon AL Matar JV 41.07 39.63 TOTAL 1,523.47 1,358.11 38.48
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Contents A NNUAL R EPORT I 2010/11
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Gammon House the second largest con
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4 Board of Directors Mr. Peter Gamm
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6 A NNUAL R EPORT I 2010/11 Beas Br
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8 Sohar Jetty, Oman A NNUAL R EPORT
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10 Region-wise Projects as on 31st
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12 Financial Highlights of the deca
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14 A NNUAL R EPORT I 2010/11 Off-Sh
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6000 5000 4000 3000 2000 1000 0 16
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18 Key Projects Chennai Metro Proje
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20 Public Private Partnership Proje
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Pebble Bay at Dollars Colony, Benga
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Your Directors have pleasure in pre
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Option Scheme-2007 of erstwhile ATS
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Considering the continuous scarcity
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Statement showing details of Option
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Name and Designation of Director Mr
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(a) AUDIT COMMITTEE : The Audit Com
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Name, Designation and Address of Co
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(iii) Approval of the Members sough
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6. MEANS OF COMMUNICATION : (a) Fin
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STOCK PERFORMANCE IN COMPARISION TO
Page 46 and 47:
18. Widening & strenghtening of exi
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CEO/CFO CERTIFICATION To The Board
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after USA and China. Indian road ne
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(a) Thermal power: In the present s
Page 54 and 55: • Growing urbanization has also r
Page 56 and 57: The Company sees immense opportunit
Page 58 and 59: The operative margin for financial
Page 60 and 61: 4. Your Company has entered into Jo
Page 62 and 63: 4. Patna Highway Projects Limited (
Page 64 and 65: VI. NON-FINANCIAL ORGANISATIONAL IN
Page 66 and 67: A uditors' report to the M e M bers
Page 68 and 69: A nnexure to the A uditors' report
Page 70 and 71: Name of the Statute State Nature of
Page 72 and 73: PROFIT AND LOSS ACCOUNT FOR THE YEA
Page 74 and 75: SCHEDULES FORMING PART OF BALANCE S
Page 76 and 77: SCHEDULE 5 FIXED ASSETS (` in Crore
Page 78 and 79: Face Value Nos. as on Nos. as on 31
Page 80 and 81: As at 31 st March, 2011 As at 31 st
Page 82 and 83: 2010-2011 2009-2010 ` in Crores ` i
Page 84 and 85: (c) Depreciation on revalued compon
Page 86 and 87: 9.95% - Redeemable Non-Convertible
Page 88 and 89: (b) Sundry Debtors include the foll
Page 90 and 91: 13. In respect of the road projects
Page 92 and 93: 20. Additional information pursuant
Page 94 and 95: 23. The Company is engaged mainly i
Page 96 and 97: 33. The balance with The Freyssinet
Page 98 and 99: (d) Transactions of Oman Branch and
Page 100 and 101: SCHEDULE - 1 Related Party Disclosu
Page 102 and 103: Nature of Transactions/Relationship
Page 106 and 107: BALANCE SHEET ABSTRACT OF COMPANY
Page 108 and 109: Metropolitan Infrahousing Private L
Page 110 and 111: Patliputra Highway Limited * Patna
Page 112 and 113: Gammon Holdings B.V. Gammon Interna
Page 114 and 115: Sr. No. Particulars No. of shares/
Page 116 and 117: existing at the date of preparation
Page 118 and 119: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 120 and 121: C. CASH FLOW FROM FINANCING ACTIVIT
Page 122 and 123: SCHEDULE 4 FIXED ASSETS (` in Crore
Page 124 and 125: As at 31 st March, 2011 As at 31 st
Page 126 and 127: April 10 - March 11 April 09 - Marc
Page 128 and 129: The cash compensation on account of
Page 130 and 131: 10. Investments Investments are cla
Page 132 and 133: When the hedge concerns the fair va
Page 134 and 135: Name of Subsidiaries Country of Inc
Page 136 and 137: (b) In Case of Sofinter the financi
Page 138 and 139: The particulars of Investment in As
Page 140 and 141: K. SOFINTER: The loan envisages the
Page 142 and 143: 12. Retention Bonus for employees:
Page 144 and 145: (b) In respect of the road projects
Page 146 and 147: (b) In respect of currency swap der
Page 148 and 149: VSPL, a subsidiary of the Company,
Page 150 and 151: Annexure I Related party Disclosure
Page 152: vakils
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Annual Report 2010-2011 - Gammon India

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