gayatri projects limited - Edelweiss

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GAYATRI PROJECTS LIMITEDSCHEDULE-IISTATEMENT OF RESTATEDPROFIT AND LOSSES ACCOUNT(Rs. In Lacs)PARTICULARS As at As at As at As at As at31.03.2006 31.03.2005 31.3.2004 31.3.2003 31.3.2002INCOMEGross Contract Receipts 37,117.74 30,125.79 31,356.67 34,066.34 30,143.16Other Income 105.49 205.37 555.28 128.76 301.17Increase / (Decrease) in Work in Progress 417.54 25.36 (1,508.99) 380.16 544.27TOTAL INCOME: 37,640.77 30,356.52 30,402.96 34,575.26 30,988.60EXPENDITURESWork Expenditure 29,637.44 24,200.99 25,450.25 29,467.06 26,513.77Staff Cost 615.65 530.14 552.18 550.64 522.83Administration Expenses 733.45 725.26 642.04 564.17 616.37Financial charges 447.27 322.71 287.05 420.13 352.80TOTAL EXPENDITURE: 31,433.81 25,779.10 26,931.52 31,002.00 28,005.77Profit Before Interest, Depreciation and I.Tax 6,206.96 4,577.42 3,471.44 3,573.26 2,982.83Interest 2,407.69 2,267.04 1,699.84 1,672.40 947.38Depreciation 1,039.79 985.25 857.26 827.02 761.78Net Profit before tax and Extra- Ordinary 2,759.48 1,325.13 914.34 1,073.84 1,273.67itemsTaxationCurrent tax and FBT 535.66 402.48 251.56 218.88 395.74Deferred tax 415.85 (11.69) 81.42 131.67 58.01Net Profit before Extra-ordinary items 1,807.97 934.34 581.36 723.29 819.92(net of tax)Extra-ordinary items (net of tax) - - - - -Net Profit after Extra-ordinary itemsAdjustment on account of prior period - (39.13) (57.89) - (148.64)expenses #Adjusted Profit 1,807.97 895.21 523.47 723.29 671.28# Prior period expenses are restated and shown in the respective years to which it pertains to.122
ANNEXURE II-AConsolidated Notes to Accounts: (Financial year 2001-02 to 2005-06)1. Significant accounting policies:1.1. Method of accountingThe financial statements have been prepared to comply in all material respect with the mandatory Accountingstandards issued by Institute of Chartered Accountants of India and the relevant provisions of the CompaniesAct 1956. The accounts are prepared under historical cost convention and on the going concern basis, withrevenue recognized, expenses accounted on their accrual and in accordance with the applicable AccountingStandards issued by Institute of Chartered Accountants of India. The accounting policies have been consistentlyapplied by the Company. There is no change in the accounting policy for the last 5 years i.e. financial year2001-02 to 2005-06.1.2. Income recognitionIncome is recognized on fixed price construction contracts in accordance with the percentage completionmethod, as specified in Accounting Standard 7 issued by ICAI.1.3. Fixed assets and depreciationAssets are stated at cost of acquisition less accumulated depreciation. On additions and disposals, depreciationis provided for the period of use during the year under report. Expenditure which are of capital in nature arecapitalized at cost, which comprises of purchase price (net of rebates and discounts), import duties, leviesand all other expenditure directly attributable to cost of bringing the asset to its working condition for itsintended use. Depreciation on fixed assets is provided on the basis of Straight Line Method, at the rates andmanner prescribed in the Schedule XIV to the Companies Act.1.4. Inventory and work in progressRaw materials and stores & spares are valued at cost and work in progress is valued at cost up to the stageof completion. Cost includes direct material, work expenditure, labor cost and appropriate overheads. Inrespect of claims, revenue is recognized on receipt basis.1.5. Deferred revenue expenditureExpenditure incurred up to the date of commencement commercial activity of the project work like initialmobilization of resources, establishment and administration expenditure and bank guarantee commissions,are amortized over the expected project completion period.1.6. InvestmentsInvestments are classified as long term or current in accordance with Accounting Standard 13 on Accountingfor investments. All investments are being carried at cost and market value of quoted investments is mentionedin the balance sheet for information.1.7. Foreign currency transactionsForeign exchange transactions are accounted at the rates prevailing on the date of transactions.1.8. Borrowing Costs:Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized aspart of the cost of such asset. A qualifying asset is one that requires substantial period of time to get ready forits intended use. All other borrowing costs are charged to revenue account.123
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TABLE OF CONTENTSPAGE NO.SECTION I:
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GAYATRI PROJECTS LIMITEDTermsBidder
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GAYATRI PROJECTS LIMITEDTermsDescri
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GAYATRI PROJECTS LIMITEDTermsBOTCAR
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GAYATRI PROJECTS LIMITEDTermsNSDLNS
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RISK FACTORSAn investment in equity
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GAYATRI PROJECTS LIMITED8. Our Prom
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GAYATRI PROJECTS LIMITEDMain Object
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GAYATRI PROJECTS LIMITEDWe have exe
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GAYATRI PROJECTS LIMITEDthe occurre
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GAYATRI PROJECTS LIMITED34. Some of
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GAYATRI PROJECTS LIMITEDEXTERNAL RI
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GAYATRI PROJECTS LIMITEDfor a secti
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GAYATRI PROJECTS LIMITEDSteel Ltd.,
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GAYATRI PROJECTS LIMITEDSUMMARY OF
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GAYATRI PROJECTS LIMITEDTHE OFFERPA
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GAYATRI PROJECTS LIMITEDFor further
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GAYATRI PROJECTS LIMITEDSYNDICATE M
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GAYATRI PROJECTS LIMITEDThe Hongkon
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GAYATRI PROJECTS LIMITEDThe price d
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GAYATRI PROJECTS LIMITEDCAPITAL STR
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GAYATRI PROJECTS LIMITEDDate of No.
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GAYATRI PROJECTS LIMITED4. There ha
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GAYATRI PROJECTS LIMITED22. Not mor
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GAYATRI PROJECTS LIMITEDLimited wil
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GAYATRI PROJECTS LIMITEDOther Impor
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GAYATRI PROJECTS LIMITEDDividendsIf
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GAYATRI PROJECTS LIMITEDPursuant to
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GAYATRI PROJECTS LIMITEDNomination
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GAYATRI PROJECTS LIMITED3. Return o
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GAYATRI PROJECTS LIMITEDTAX BENEFIT
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GAYATRI PROJECTS LIMITEDcontrol reg
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GAYATRI PROJECTS LIMITEDINDUSTRY OV
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GAYATRI PROJECTS LIMITEDFour-laning
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wagon drills, jack hammers, air com
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Top 5 major assignments completed u
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The details of top 5 road sector pr
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Tendering ActivityA brief flow char
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We enter into contracts primarily t
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S. Favouring BG No. BG Date Expiry
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Memorandum of UnderstandingIn addit
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project to pool in their own resour
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Following are the number of employe
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Syndicate OSL (ST) 1500.00 PLR + 1%
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REGULATIONS AND POLICIESThere are n
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OUR HISTORY AND CERTAIN CORPORATE M
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Date of ChangeJuly 10, 1996Particul
Page 99 and 100: Sl. Name, Designation, Father’s N
Page 101 and 102: Compensation paid to Managing Direc
Page 103 and 104: Management Organisation ChartKey Ma
Page 105 and 106: Mr. Brahmaiah Lingam, D G M (Techni
Page 107 and 108: INFORMATION OF OUR PROMOTER GROUP C
Page 109 and 110: Banksi) Term Lenders (PNB and Andha
Page 111 and 112: Name of Institution / Bank Principa
Page 113 and 114: Shareholding Pattern as on August 3
Page 115 and 116: Board of Directors1. Mr. T V Sandee
Page 117 and 118: 9. M/s Gayatri Digisoft Technologie
Page 119 and 120: Brief Financials(Rs. in Lakhs)Parti
Page 121 and 122: Board of Directors1. Mrs. T. Indira
Page 125 and 126: Indira Publications Private Limited
Page 127 and 128: However the firm was corporatized,
Page 129 and 130: Board of Directors1. Ms. T Indira R
Page 131 and 132: Shareholding Pattern as on August 3
Page 135 and 136: Brief Financials(Rs. In Lakhs)Parti
Page 141 and 142: Brief Financials(Rs. In Lakhs)Parti
Page 143 and 144: Benefit of the Joint VentureTo obta
Page 145 and 146: Related Party Transactions as per A
Page 147 and 148: DIVIDEND POLICYThe declaration and
Page 149: SCHEDULE-ISTATEMENT OF RESTATED ASS
Page 153 and 154: 8. Related Party Transactions as pe
Page 155 and 156: 10. Accounting for taxes on IncomeA
Page 157 and 158: 18.3.1. Expenditure in foreign curr
Page 159 and 160: SCHEDULE-VCAPITALIZATION STATEMENT(
Page 161 and 162: SCHEDULE-IXDETAILS OF LOANS AND ADV
Page 163 and 164: Details of related parties:Associat
Page 165 and 166: MANAGEMENT’S DISCUSSION AND ANALY
Page 167 and 168: Our Results of OperationsAs a resul
Page 169 and 170: ExpenditureOur expenditure consists
Page 171 and 172: DepreciationDepreciation increased
Page 173 and 174: Status of any publicly announced Ne
Page 175 and 176: lakhs (for value of work done upto
Page 177 and 178: 11. Gayatri Projects Limited vs. St
Page 179 and 180: V. Ramulamma vs. Gayatri Projects L
Page 181 and 182: Govt. of Andhra Pradesh vs. Gayatri
Page 183 and 184: for Loss of Profit suffered by the
Page 185 and 186: whether the claimant is a small sca
Page 187 and 188: Govt. of India and South Indian Mil
Page 189 and 190: and Other Claims. The total amount
Page 191 and 192: GOVERNMENT AND OTHER APPROVALSIn vi
Page 193 and 194: S. No. Name of State Type of regist
Page 195 and 196: (Rs. in lakhs)Financial Year 2001-0
Page 197 and 198: Regional Rural Banks, Co-operative
Page 199 and 200: Activity (Rs. In Lakhs) % of Total
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ii. Gayatri Sugars Limited (erstwhi
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OFFER STRUCTUREPublic Issue of 29,0
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OFFER PROCEDUREBook Building Proced
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The above information is given for
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6. Each Bid cum Application Form wi
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Each category of Bidders i.e. QIBs,
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Price Discovery and Allocation1. Af
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of PAN along with the application f
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By signing the Bid-cum-Application
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No separate receipts shall be issue
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All Bidders can seek allotment only
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3. For QIB BiddersBids received fro
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2. Direct Credit - Applicants havin
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As per the current regulations, OCB
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Such offer shall be made by a notic
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for all his shares of each class wi
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Directors, and the forfeiture shall
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Renewal of share warrantThe board m
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ALTERATION OF CAPITALIncrease of ca
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estrictions as the Company in Gener
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Chairman of general meetingWhen if
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P r o x yTime for deposit of instru
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Additional DirectorRemoval of Direc
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draft thereof in writing is circula
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Reserve and depreciation fundsDivid
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Service by postMember resident abro
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INDEMNITYEvery Director, Auditor, O
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11. Consent letters from Promoters,
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THIS PAGE HAS BEEN INTENTIONALLY LE
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