Annual Report 2010-2011 - Gammon India

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Annexure I Related party Disclosure as required by AS-18 “ Related Party Disclosures” (A) Relationships: Entities where control exists: 1. Pacific Energy Pvt. Limited 2. Nikhita Estate Developers Pvt. Limited 3. Masayor Enterprises Limited 4. First Asian Capital Resources Pvt. Limited 5. Devyani Estate & Properties Pvt. Limited 6. Abhijit Rajan Associates & Group Companies: 1. Eversun Sparkle Maritime Services Pvt. Limited 2. Modern Tollroads Limited 3. FIN EST SPA Key Management Personnel & Relatives 1. Mr. Abhijit Rajan 2. Mr. Himanshu Parikh 3. Mr. Rajul A. Bhansali 4. Mr. Rohit Modi 5. Mr. D. C. Bagde 6. Mr. Harshit Rajan 7. Mr. Parvez Umrigar Joint Ventures: 1. Afghanistan ATSL AEPC Consortium 2. Aydeniz Gammon 3. BBJ Gammon 4. BBJ GIL 5. Bhutan Consortium Jyoti Structures Limited & Gammon India Limited 6. Blue Water Iron Ore Terminal Private Limited 7. Gammon Ansaldo (Kakrapara BOT Pkg. I) 8. Gammon Atlanta 9. Gammon Atlanta (Ghana Road Project) 10. Gammon Aydinar (Rammam) 11. Gammon BBJ 12. Gammon Cadagua (Guwahati WS Pkg. III) 13. Gammon CMC (DFCC Eastern Corridor) 14. Gammon Construtora Cidade Tensaccia Joint Venture 15. Gammon Construtora Tensaccia (B) Related Parties transactions during the year in normal course of business: 16. Gammon Encee Consortium 17. Gammon Encee Rail (Consortium) 18. Gammon JMC 19. Gammon Limak (Vishnugod Pipalnote HEPP) 20. Gammon Marti 21. Gammon Mosmetrostroy (Bangalore Metro) 22. Gammon OJSC Mosmetrostroy Joint Venture 23. Gammon OSE 24. Gammon Patel 25. Gammon Pratibha (BWSSB) 26. Gammon Pratibha (Hogenkkal WS) 27. Gammon Progressive 28. Gammon Sew 29. Gammon Rizzani 30. Gammon Srinivas 31. Gammon Technofab (Transmission & Distribution of Electricity & Water) 32. Gammon Tensaccia 33. Gammon Yuksel (Greenfield Airport, Sasan) 34. GIL Archirodon 35. GIL KCT (Rupiasagar Kasiabara HEP) 36. GIL Marti (Civil Work Sainj HEP) 37. GIL Simplex (Dholakal Tupul) 38. GIL Simplex (Khongsang Imphal) 39. Haryana Biomass Power Limited 40. Hyundai Gammon 41. Jaeger Gammon 42. Jager Gammon 43. JAGER GIL 44. Lencon Gammon 45. OSE GIL 46. Patel Gammon 47. Punjab Biomass Power Limited 48. SEZ Adityapur Limited 49. Sumitomo corp, Gammon, C & C Const. Limited, Sadbhav Engg. Limited A NNUAL R EPORT I 2010/11 (` in Crores) Nature of Transactions/relationship/major parties Current Year Previous Year Amounts Amounts from Amounts Amounts from Major Parties Major Parties Associates Subcontracting Income — 1.01 Ansaldo Caldaie S.p.A. — 1.01 Amount liquidated towards the finance provided — 0.66 Finest S.p.A. — 0.66 Interest Income during the year 0.22 0.22 Finest S.p.A. 0.22 0.22 Outstanding Balances Receivables 3.21 4.13 Ansaldo Caldaie S.p.A. — 1.25 Finest S.p.A. 3.21 2.87 TOTAL 3.43 6.02 Entities where control exits Dividend paid to Shareholders 3.41 1.50 Devyani Estate & Properties Pvt. Limited 0.53 0.32 Masayor Enterprises Limited 0.12 — Nikhita Estate Developers Pvt. Limited 0.35 0.21 Pacific Energy Pvt. Limited 1.63 0.90 First Asian Capital Resources Pvt. Limited 0.68 0.02 Abhijit Rajan 0.10 0.06 TOTAL 3.41 1.50 147
148 Nature of Transactions/relationship/major parties Current Year Previous Year A NNUAL R EPORT I 2010/11 Amounts Amounts from Major Parties (` in Crores) Amounts Amounts from Major Parties Key Managerial Personnel Remuneration paid: 11.78 8.41 Mr. Abhijit Rajan 4.34 1.45 Mr. H. V. Parikh 1.44 0.83 Mr. R. A. Bhansali 0.79 0.74 Mr. Rohit Modi 3.68 1.87 Mr. D. C. Bagde 0.86 1.84 Mr. Parvez Umrigar 0.67 1.68 Gross Value of Stock Option Issued: — — Mr. Parvez Umrigar — — Gross Value of Stock Option Vested: 4.75 2.17 Mr. Parvez Umrigar 4.75 2.17 Amortization of Option Issued: — 1.31 Mr. Parvez Umrigar — 1.31 Finance received (incl. Loans and Equity contribution in cash or in kind): 3.84 0.50 Mr. Parvez Umrigar 3.84 0.50 TOTAL 20.37 12.39 Joint Venture Subcontracting Income 349.45 358.21 Patel Gammon 198.27 118.10 Jager Gammon 44.49 61.19 Gammon JMC 69.08 120.24 Finance provided for expenses & on a/c payments 1.73 7.16 Gammon Enceerail 0.20 5.02 Gammon Rizzani — 1.80 Gammon Atlanta JV 0.81 — Gammon Progressive 0.67 — Amount liquidated towards the finance provided — 0.49 Gammon Enceerail — 0.49 Finance received for expenses & on a/c. payments 0.02 0.28 Gammon Enceerail 0.02 0.28 Interest paid during the year 3.80 4.94 Jager – Gammon 2.35 3.30 Gammon JMC 0.10 1.50 Gammon Cidade Tensacciai 1.15 — Contract Advance received 120.19 55.57 Jager – Gammon 5.76 18.81 Gammon – JMC — 8.69 Gammon Cidade Tensacciai 26.40 — Gammon Mosmetro 70.53 — Patel Gammon 17.50 28.08 Refund received against Contract Advance 70.55 108.72 Jager – Gammon 27.06 17.30 Gammon JMC 2.20 29.75 Patel Gammon 41.12 57.35 Guarantees and Collaterals Outstanding 373.00 316.31 Gammon Mosmetro 175.62 — Jager – Gammon 46.60 58.17 Patel Gammon 21.21 96.58 Outstanding Balances Receivables 155.10 176.55 Jager – Gammon 11.46 63.47 Patel Gammon 68.21 48.61 Gammon JMC 23.34 18.35 Outstanding Balances Payable 121.11 54.91 Jaeger Gammon 16.34 37.35 Patel Gammon 3.72 14.92 Gammon Cidade Tensacciai 26.40 — Gammon Mosmetro 70.53 — TOTAL 1,194.94 1,083.16
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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
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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
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• Growing urbanization has also r
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The Company sees immense opportunit
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The operative margin for financial
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4. Your Company has entered into Jo
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4. Patna Highway Projects Limited (
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VI. NON-FINANCIAL ORGANISATIONAL IN
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A uditors' report to the M e M bers
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A nnexure to the A uditors' report
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Name of the Statute State Nature of
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PROFIT AND LOSS ACCOUNT FOR THE YEA
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SCHEDULES FORMING PART OF BALANCE S
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SCHEDULE 5 FIXED ASSETS (` in Crore
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Face Value Nos. as on Nos. as on 31
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As at 31 st March, 2011 As at 31 st
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2010-2011 2009-2010 ` in Crores ` i
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(c) Depreciation on revalued compon
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9.95% - Redeemable Non-Convertible
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(b) Sundry Debtors include the foll
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13. In respect of the road projects
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20. Additional information pursuant
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23. The Company is engaged mainly i
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33. The balance with The Freyssinet
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(d) Transactions of Oman Branch and
Page 100 and 101: SCHEDULE - 1 Related Party Disclosu
Page 102 and 103: Nature of Transactions/Relationship
Page 104 and 105: 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 152: vakils
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Annual Report 2010-2011 - Gammon India

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