Annual Report 2010-2011 - Gammon India

9.95% – Redeemable Non-Convertible Debentures of ` 50 Crores are secured by hypothecation of specific Plant & Machinery with paripassu
charge by mortgage of immovable property in Gujarat with 8.75% Secured Redeemable Non-Convertible Debentures of ` 3.5 Crores and 7.50%
Secured Non-convertible Debenture of ` 50 Crores. The Debentures are due for repayment at the end of 8th , 9th and 10th year from the date of
allotment being, 24th March, 2008.
10.80% – Redeemable Non Convertible Debentures of ` 100 Crores are secured by hypothecation of specific Plant & Machinery with paripassu
charge by mortgage of immovable property in Gujarat with 9.95 % Secured Redeemable Non-Convertible Debentures of ` 50 Crores and
8.75% Secured Redeemable Non-Convertible Debentures of ` 3.5 Crores and 7.50% Secured Non-convertible Debenture of ` 50 Crores. The
Debentures are due for repayment at the end of 5th , 6th and 7th year from the date of allotment being, 25th July, 2008.
10.50% – Redeemable Non Convertible Debentures of ` 74 Crores are secured by hypothecation of specific Plant & Machinery with paripassu
charge by mortgage of immovable property in Gujarat with 10.80% Secured Redeemable Non-Convertible Debentures of ` 100 Crores and
9.95% Secured Redeemable Non-Convertible Debentures of ` 50 Crores and 8.75% Secured Redeemable Non-Convertible Debentures of
` 3.5 Crores and 7.50% Secured Non-convertible Debenture of ` 50 Crores. The Debentures are due for repayment at the end of 8th , 9th and 10th year from the date of allotment being, 7th May, 2009.
9.50% – Redeemable Non Convertible Debentures of ` 50 Crores are secured by hypothecation of specific Plant & Machinery with paripassu
charge by mortgage of immovable property in Gujarat with 10.50% Secured Redeemable Non-Convertible Debentures of ` 74 Crores and
10.80% Secured Redeemable Non-Convertible Debentures of ` 100 Crores and 9.95% Secured Redeemable Non-Convertible Debentures of
` 50 Crores and 8.75% Secured Redeemable Non-Convertible Debentures of ` 3.5 Crores and 7.50% Secured Non-convertible Debenture
of ` 50 Crores. The Debentures are due for repayment at the end of 8th , 9th and 10th year from the date of allotment being 18th June, 2010.
9.50% – Redeemable Non Convertible Debentures of ` 50 Crores are secured by hypothecation of specific Plant & Machinery with paripassu
charge by mortgage of immovable property in Gujarat with 9.50% Secured Redeemable Non-Convertible Debentures of ` 50 Crores and 10.50%
Secured Redeemable Non-Convertible Debentures of ` 74 Crores and 10.80% Secured Redeemable Non-Convertible Debentures of ` 100 Crores
and 9.95% Secured Redeemable Non-Convertible Debentures of ` 50 Crores and 8.75% Secured Redeemable Non-Convertible Debentures
of ` 3.5 Crores and 7.50% Secured Non-convertible Debenture of ` 50 Crores. The Debentures are due for repayment at the end of 8th , 9th and
10th year from the date of allotment being 5th September, 2010.
2. Issued Share Capital includes 725,800 shares of ` 2 each kept in abeyance.
3. Share Forfeited account includes ` 0.26 Crores of Share Premium collected on application in respect of forfeited shares.
4. In terms of the approval of the shareholders in the Extra Ordinary General Meeting of the Company on 17 th June, 2009 the Company issued
16,000,000 equity warrants to the promoter group on a preferential basis, entitling them to apply for and obtain allotment of one equity shares
of ` 2 each at a premium of ` 88.20 per share. During F.Y. 2009-2010, the promoter group had exercised 7,750,000 warrants for conversion to
equity shares and paid in an amount equivalent to 25% of the 8,250,000 outstanding warrants. The balance warrant of 8,250,000 have been
exercised during the year for conversion to equity share and accordingly 8,250,000 shares have been allotted on 7 th January, 2011.
5. As per the intimation available with the Company, there are no Micro, Small and Medium Enterprises, as defined in the Micro, Small, and
Medium Enterprises Development Act, 2006, to whom the Company owes dues on account of principal amount together with interest and
accordingly no additional disclosures have been made.
The above information regarding Micro, Small and Medium Enterprises have been determined to the extent such parties have been identified on
the basis of information available with the Company. This has been relied upon by the Auditors.
6. Loans and advances include ` Nil (previous year ` 50.00 Crores) which are secured by pledge of equity shares of a private Company. The security
value is adequate to recover the amount advanced. The said loan has been repaid during the year.
7. The Company has made following Purchases & Sales of Investments during the year.
(a) Mutual Fund:
During 2010-2011:
A NNUAL R EPORT I 2010/11
(` in Crores)
Particulars Units Purchase Cost Sale Value
L & T Select Income Fund – Flexi Debt Retail 334,883.00 0.34 0.35
HDFC MF Monthly Income Plan – Long Term – MD 499,759.92 0.64 0.64
HDFC Prudence Fund – Growth 30,554.83 0.64 0.63
Kotak Monthly Income Plan – Growth 230,443.90 0.36 0.36
During 2009-2010:
(` in Crores)
Particulars Units Purchase Cost Sale Value
Canara Robeco Mutual Fund 109,793,297.94 118.00 118.03
Shinsei Liquid Fund 15,001,217.32 15.00 15.01
UTI Liquid Cash Plan Institutional 294,372.39 30.00 30.01
HDFC Top 200 Fund – Growth 4,821.60 0.06 0.07
HDFC Equity Fund – Growth 4,049.52 0.06 0.07
HDFC Floating Rate Income Fund – STP 456,308.47 0.46 0.46
Kotak 30 Equity Scheme Growth 11,466.88 0.08 0.09
Kotak Flexi Debt Scheme – Daily Dividend 268,164.30 0.27 0.27
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