gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDCapacityIn our type of business we are unable to determine the capacity. Our ability to undertake a project depends on pre-qualificationsobtained and bid capacity available. The bid capacity is determined on the basis of a formula given by project owner, whichgenerally takes into consideration various financial and other parameters. Bid Capacity is a function of the value of proposedproject, duration of project, value of orders on hand with the contractor and the average duration of the projects on hand,average turnover of contractor of previous financial year as well as a factor which is used in conjunction with the abovevariables to determine the capacity to bid.Our Joint Ventures & MOUThe company’s existing Joint Ventures are:IJM-Gayatri JVIJM-Gayatri JV has been formed on December 21, 1998 in the ratio of 60:40 for submitting the prequalification, tender andsubsequent execution of various civil and / or structural works including Earth works, National and / or State Highways,Bridges, Dams, Reservoirs, Airports, Roads and Buildings within India. This is an unincorporated joint venture in the natureof partnership. The Joint venture is for the purpose of obtaining technical / financial qualification required for the road projects.Gayatri-Ranjit Joint VentureGayatri-Ranjit JV has been formed on February 2, 2001 in the ratio of 55:45 for the purpose of preparation, submission ofpre-qualification document and performs contract works viz. Kishangarh-Udaipur Section of NH-8 and Udaipur-Ratanpur-Gandhinagar of NH-8. This is an unincorporated joint venture in the nature of partnership. The Joint venture was entered forthe purpose of obtaining technical qualification required for bidding the said project.Simplex - Gayatri ConsortiumSimplex-Gayatri Consortium has been formed on December 4, 2001 in the ratio of 70:30 for the purpose of submitting anoffer for the work of Four Laning of Satara-Kolhapur to Maharashtra State Border Section of NH-4 Package - II from Km 616/000 to Km. 639/000 and execute the said work. This is an unincorporated joint venture in the nature of partnership.The JVwas for the purpose of obtaining technical qualification required for bidding the said project.Jaiprakash - Gayatri Joint VentureJaiprakash-Gayatri JV has been formed on July 9, 2004 in the ratio of 60:40 for the purpose of participation in the prequalificationbids as a joint venture and to participate subsequently in the tenders for the projects. This is an unincorporatedjoint venture in the nature of association of persons. This JV was for the purpose of obtaining technical qualification requiredfor bidding the said project.RNS-GPL Joint VentureRNS-GPL Joint Venture has been formed on May 7, 2005 in the ratio of 50:50 for tendering and execution of work consistingof construction and completion of widening and strengthening of roads from Ramanathapuram to Tuticorn with a total lengthof 118 kms of State Highways in Tamilnadu. This is an unincorporated joint venture in the nature of partnership.Gayatri-ECI Joint VentureGayatri-ECI JV has been formed on August 18, 2005 in the ratio of 75:25 for executing the works for widening andstrengthening of existing National Highway from 2-lane to 4-lane from Km 60.0 to km 30.00 of Bijni to WB Border Section ofNH-31C in Assam. This is an unincorporated joint venture in the nature of partnership.GPL- Brahmaputra Consortium Ltd. Joint VentureGPL- Brahmaputra Consortium Ltd. JV has been formed on November 8, 2005 in the ratio of 26:74 for execution of works forup-gradation, strengthening, operation and maintenance on BOT basis in the State of Punjab of Hoshairpur – PhagwaraRoad (35.50 km), Sirhind – Morinda – Ropar road (43.22km), Dakha – Raikot – Barnala road (57.94 km) and Bhawanigarh– Nabha – Gobindgarh (55.42 km). The JV will be incorporated once the projects are awarded to the JV.For Financial details of the Joint Ventures please refer to section titiled Our Joint Ventures on page no. 113.56