gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDOnce the contract is awarded to the company, a project team is constituted to execute the work as per the conditions of thecontract. The Team Head procures the relevant drawings and other details of the project from the consultant appointed bythe client and based on that, the team selects the labour agencies, employs direct labour, plans purchasing of material,arranges for deployment of labour, and makes necessary arrangements for machines, power and water. The actualconstruction process begins with soil testing and includes land development, road development, masonery, concretereinforcing, mixer operations, plumbing, plastering work, finishing etc. Each stage of the construction activity is closely monitoredfor quality and timely execution of work. The company also has a separate quality control department that supervises andensures the quality of work done and to meet demands of Project Management.GuaranteesOur Company has given 56 performance bank guarantees amounting to Rs 19968.69 lakhs as on July 31, 2006 to ourvarious principals in the normal course of its business and also given 7 nos corporate guarantees amounting to Rs. 12,909lakhs as on July 31, 2006. The performance bank guarantees are given by our Company to our different clients /customersfor execution of different contracts in normal course of business. The details of the Performance bank guarantees are asunder:S. Favouring BG No. BG Date Expiry Date AmountNo.(Rs. in lakhs)1 NHAI, Delhi (AS-10) (GPL-ECI JV 04/05 25/07/2005 01/06/2010 1865.192 NHAI, Delhi (AS-10) (GPL-ECI JV 05/05 25/07/2005 01/06/2008 932.603 NHAI, Delhi (AS-11) (GPL-ECI JV 129/05 25/07/2005 01/06/2008 747.794 NHAI, Delhi (AS-11) (GPL-ECI JV 130/05 25/07/2005 01/06/2010 1495.575 NHAI, Delhi (AS-27) 24/432 07/03/2006 06/03/2011 500.006 Oriental Structures (U-8) Belg 85/03 17/04/2003 19/12/2006 1400.007 L&T Ltd, Chennai (U-11) Bellar 104/03 12/05/2003 26/10/2006 597.798 L&T Ltd, Chennai (U-11) Bellar 105/03 12/05/2003 26/10/2006 679.319 NHAI, Delhi (I&II) 24/397 27/04/2005 26/10/2006 10.0010 Degremont India, Haryana 023/99 21/10/1999 20/10/2006 110.0011 Degremont India, Haryana 025/99 21/10/1999 20/01/2007 50.0012 Sunway Const. JHANSI (UP-4) 143/05 01/10/2005 30/04/2009 2489.1013 Cemindia Project, Kakinada 010/97 08/03/1997 04/11/2006 82.0014 Allahabad Bank, Calcutta (KKD) 006/97 06/03/1997 04/11/2006 150.0015 Allahabad Bank, Calcutta (KKD) 007/97 06/03/1997 04/05/2005 93.0016 SE, Nandyal (ICB-10) 35/2000 01/03/2000 30/09/2006 179.0017 SE, Nandyal (ICB-15) 136/05 09/09/2005 08/09/2006 17.0018 MSRDC Ltd (Simplex Gayatri) 143/02 31/05/2002 15/07/2007 119.0019 Simplex Concrete Piles India 167/02 05/07/2002 04/07/2007 77.0020 MSRDC,Mumbai (NH-4) 144/05 08/10/2005 07/10/2006 160.0021 Simplex Concrete Piles I Ltd 05/2004 13/09/2004 12/09/2006 62.8522 NHAI, DELHI (NCC-MAYTAS JV) 03/2005 30/04/2005 29/11/2008 431.0023 EE, Kolhapur -(Navpad Thane Br) 014/2000 25/05/2000 24/11/2006 44.0054