Annual Report 2010-2011 - Gammon India

(b) Sundry Debtors include the following amount from Subsidiaries
Name of the Company As at
31 st March, 2011
A NNUAL R EPORT I 2010/11
(` in Crores)
As at
31 st March, 2010
Andhra Expressway Limited 0.15 4.71
Rajahmundry Expressway Limited 0.12 6.37
Mumbai Nasik Expressway Limited 28.57 4.67
SAE Powerlines S.r.l. 31.78 13.62
Indira Container Terminal Pvt. Limited (Joint Venture) 10.09 —
Sikkim Hydro Power Ventures Limited 0.61 —
(c) Interest receivable include the following amount from Subsidiaries
TOTAL 71.32 29.37
Name of the Company As at
31 st March, 2011
(` in Crores)
As at
31 st March, 2010
Gammon Billimoria Limited 4.47 3.35
Gammon Realty Limited 20.14 13.19
GACTEL Turnkey Projects Limited — 1.10
Deepmala Infrastructure Pvt. Limited 6.05 1.95
Metropolitan Infra Housing Pvt. Limited 170.37 0.47
Gammon Infrastructure Projects Limited 3.65 —
Ansaldo Caldaie Boilers India Pvt. Limited 0.32 0.10
SAE Power Lines S.r.l. 0.73 0.87
ATSL Holding B.V. Netherlands 0.33 0.10
Transrail Lighting Limited 1.52 0.27
Associated Transrail Structures Limited, Nigeria 0.15 0.04
TOTAL 207.73 21.44
(d) The details of Beneficial & Contractual interest acquired and transferred in favour of its subsidiary M/s. Gammon Infrastructure Projects
Limited is detailed herein below –
Acquired
Sr. No. Name of Company As at 31
(` in Crores)
st March, 2011 As at 31st March, 2010
No. of Shares Deposit Received No. of Shares Deposit Received
1. Rajahmundry Expressway Limited 4,360,500 2.77 4,360,500 2.77
2. Andhra Expressway Limited 4,564,500 2.89 4,564,500 2.89
TOTAL 5.66 5.66
Transferred
Sr. No. Name of Company As at 31
(` in Crores)
st March, 2011 As at 31st March, 2010
No. of Shares Deposit Received No. of Shares Deposit Received
1. Kosi Bridge Infra. Co. Limited 12,562,831 12.56 12,562,831 12.56
2. Gorakhpur Infra. Co. Limited 14,947,238 14.95 9,596,923 9.60
3. Andhra Expressway Limited 5,655,000 8.49 5,655,000 8.49
4. Rajahmundry Expressway Limited 5,655,000 8.48 5,655,000 8.48
5. Tidong Hydro Power Limited 25,500 0.03 25,500 0.03
6. Indira Container Terminal Pvt. Limited 26,407,160 26.40 26,407,160 26.40
TOTAL 70.91 65.56
In respect of these shares where the voting rights and beneficial rights are so transferred, the holder continues to be the original allotees as per
the records of the respective companies.
10. Provident Fund:
The provisions of the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, have been implemented at the work sites where code
numbers have been allotted. In respect of the remaining work sites necessary applications have been made for allotment of code numbers.
However, a provision of ` 0.25 Crores is available to cover any liability arising there from.
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