Annual Report 2004 - Gammon India

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SCHEDULE 1 GAMMON INDIA LIMITED SCHEDULES 1 TO 16 ATTACHED TO AND FORMING PART OF THE BALANCE SHEET AS AT 31 st DECEMBER, 2004 AND PROFIT AND LOSS ACCOUNT FOR THE NINE MONTH PERIOD ENDED 31 st DECEMBER, 2004 SHARE CAPITAL : 42 31.12.2004 31.03.2004 Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs AUTHORISED : 5,00,00,000 Equity Shares of Rs. 10/- each 5,000.00 5,000.00 ISSUED : 1,55,53,122 (Previous Year 1,28,12,092) Equity Shares of Rs. 10/- each fully paid 1,555.31 1,281.21 SUBSCRIBED AND PAID-UP : 1,54,07,962 (Previous Year 1,26,66,932) Equity Shares of Rs. 10/- each 1,540.79 1,266.69 Less: Forfeiture of 1,70,948 Equity Shares of Rs. 10/- each 17.09 17.09 Of the above : [52,800 Shares are issued for consideration other than Cash. 11,61,340 Shares are issued as fully paid Bonus Shares by Capitalisation of Rs. 70.68 lacs from Reserves and Rs. 45.45 lacs from Share Premium Account] 1,523.70 1,249.60 SHARE FORFEITURE ACCOUNT : Money received in respect of 1,70,948 Rights Shares forfeited 34.21 34.21 SCHEDULE 2 RESERVES AND SURPLUS : 1,557.91 1,283.81 31.12.2004 31.03.2004 Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs FOREIGN PROJECTS RESERVE ACCOUNT : As per last Balance Sheet 32.00 100.00 Add: Transferred from Profit and Loss A/c — 32.00 Less: Transferred to General Reserve A/c — 100.00 32.00 32.00 GENERAL RESERVE ACCOUNT : As per last Balance Sheet 6,000.00 5,000.00 Add: Transferred from Foreign Project Reserve — 100.00 Add: Transferred from Profit and Loss A/c 1,606.08 900.00 7,606.08 6,000.00 Less: Impairment Charge of earlier year (Refer Note No. B-21 c) 106.08 — 7,500.00 6,000.00 SECURITIES PREMIUM ACCOUNT : As per last Balance Sheet 2,415.82 2,415.82 On issue of 18,25,000 Equity Shares @ Rs. 495/- per share 9,033.75 — On issue of 9,16,030 Equity Shares @ Rs. 565/- per share 5,175.57 — 16,625.14 2,415.82 Less: Share Issue Expenses 441.21 — 16,183.93 2,415.82 Carried forward 23,715.93 8,447.82
43 31.12.2004 31.03.2004 Rs. in Lacs Rs. in Lacs Rs. in Lacs Rs. in Lacs Brought forward 23,715.93 8,447.82 REVALUATION RESERVE ACCOUNT : As per last Balance Sheet 7,021.59 7,172.88 Less: Depreciation on Revalued Assets 108.42 151.29 6,913.17 7,021.59 DEBENTURE REDEMPTION RESERVE ACCOUNT : As per last Balance Sheet 1,934.00 862.00 Add: Transferred from Profit and Loss A/c 1,072.00 1,072.00 3,006.00 1,934.00 PROFIT AND LOSS ACCOUNT 4,240.07 3,543.17 SCHEDULE 3 SECURED LOANS : 37,875.17 20,946.58 31.12.2004 31.03.2004 Rs. in Lacs Rs. in Lacs Non Convertible Debentures placed with Banks and Financial Institutions. Refer Note: B-2 From Canara Bank Led Consortium : Short term loan secured by a charge over all the Company’s Assets in India, including Equitable Mortgage of the immovable property (excluding Leasehold Property, Plant & Machinery hypothecated to the Bankers 9,000.00 9,000.00 and Financial Institutions under various Asset Financing Schemes) 6,524.84 4.23 Loans (Secured by hypothecation of Assets purchased under the scheme): Canara Bank — 2,384.17 Ford Credit Kotak Mahindra Ltd. 27.92 32.14 Kotak Mahindra Primus Ltd. 5.76 7.85 [Out of the above loans Rs. 15.71 lacs are due for repayment within one year (Previous Year – Rs. 814.31 lacs)] 15,558.52 11,428.39
Page 19 and 20: DIRECTORS’ REPORT Your Directors
Page 21 and 22: Two multipurpose berths at Visakhap
Page 23 and 24: 15. AUDITORS : M/s. Natvarlal Vepar
Page 25 and 26: REPORT ON CORPORATE GOVERNANCE COMP
Page 27 and 28: (c) Reviewing with management the a
Page 29 and 30: 7. GENERAL SHAREHOLDER INFORMATION
Page 31 and 32: 8. DISTRIBUTION OF SHAREHOLDING AS
Page 33 and 34: To The Members of GAMMON INDIA LIMI
Page 35 and 36: (b) Energy Projects and High Rise S
Page 37 and 38: Emphasis in Human Resource Manageme
Page 39 and 40: ANNEXURE TO THE AUDITORS’ REPORT
Page 41 and 42: (x) The Company does not have any a
Page 43: PROFIT AND LOSS ACCOUNT FOR THE NIN
Page 47 and 48: Face Value Nos. as on Nos. as on 31
Page 49 and 50: 31.12.2004 31.03.2004 Rs. in Lacs R
Page 51 and 52: SCHEDULE 13 49 31.12.2004 31.03.200
Page 53 and 54: SCHEDULE 16 NOTES TO ACCOUNTS A. AC
Page 55 and 56: 11. MANAGERIAL REMUNERATION : Perio
Page 57 and 58: 22. In respect of the infrastructur
Page 59 and 60: Joint Ventures: 12. Gammon STG 13.
Page 61 and 62: 31. Details of Joint Ventures (a) D
Page 63 and 64: CASH FLOW FOR THE YEAR ENDED 31 st
Page 65 and 66: STATEMENT PURSUANT TO SECTION 212 O
Page 67 and 68: AUDITORS’ REPORT TO THE BOARD OF
Page 69 and 70: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 71 and 72: 31.12.2004 31.03.2004 Rs. in Lacs R
Page 73 and 74: SCHEDULE 9 71 31.12.2004 31.03.2004
Page 75 and 76: SCHEDULE 12A 73 31.12.2004 31.03.20
Page 77 and 78: SCHEDULE 16 NOTES TO ACCOUNTS A. AC
Page 79 and 80: B. OTHER NOTES : 1. (a) The followi
Page 81 and 82: 6. (I) Non-Convertible Debentures:
Page 83 and 84: (b) The break up of the deferred ta
Page 85 and 86: 35. CONTINGENT LIABILITIES NOT PROV
Page 87 and 88: Key Management Personnel & Relative
Page 89: CONSOLIDATED CASH FLOW FOR THE YEAR

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