GAMMON INDIA LIMITED

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Amount Transferred from Debenture Redemption Reserve - (137.45) - Minority Interest for earlier year (9.30) Amount Transferred to Special Contingency Reserve - 200.00 100.00 Amount Transferred from Foreign Projects Reserve (3.20) - - Amount Transferred to Other Reserve-AS-15 - 0.29 - Dividend from erstwhile ATSL received during the year (2.90) - - Proposed Dividend - 8.68 - Equity Shares 64.97 43.37 - - Preference Shares 63.00 - - Interim Dividend - - 35.00 Tax on Dividend 21.68 7.37 6.40 Compensation Cost Reversed in Forfeiture of ESOP (0.51) - - 1,043.89 378.12 347.89 BALANCE CARRIED TO BALANCE SHEET 703.21 1,183.94 849.16 Earnings per Share (Refer Note B-21) After Prior Year Tax Charges Basic 4.58 8.22 4.04 Diluted 4.58 8.15 4.01 Notes to Accounts 18 Schedule 1 to 18 annexed hereto form part of the Reformatted Consolidated Balance Sheet and Reformatted Consolidated Profit and Loss Account F 11
GAMMON INDIA LIMITED REFORMATTED CONSOLIDATED CASH FLOW STATEMENT FOR THE LAST THREE REPORTING YEARS A. CASH FLOW FROM OPERATING ACTIVITIES : 2008-09 2007-08 2006-07 Rs.in Millions Rs. in Millions Rs.in Millions Net Profit before Tax and extraordinary items 1,492.71 1,458.99 1,571.34 Adjustments for : - Depreciation & Amortisation 1,439.07 883.17 778.39 Personnel Cost (Stock Option Scheme) 23.62 11.35 - Profit / Loss on Sale of investments (net) (441.34) (45.19) (10.08) Profit / Loss on Sale of Assets - (0.83) 2.04 Dividend Income (107.62) (5.71) (9.89) Interest (Net) 2,414.51 970.24 632.36 Foreign Exchange loss / gain 4.49 1.27 1.00 Preliminary Expenses written off 2.28 0.78 0.93 Foreign Currency translation Reserve (173.76) - - Foreign exchange translation 312.33 - - Prior Period Adjustments 45.19 - - Share of Loss in Associates 18.66 (151.04) (129.89) Goodwill Amortised - - 20.72 Amount written off 63.09 15.79 31.95 3,600.52 1,679.83 1,317.53 Operating Profit before Working Capital Changes 5,093.23 3,138.82 2,888.87 Adjustments for : - Trade and Other Receivables (1,648.62) (1,859.86) (1,252.00) Inventory (6,366.47) (528.35) (1,561.70) Trade Payables & Working Capital Finance 9,005.68 1,897.54 710.81 Loan and Advances (1,863.95) 785.63 (1,690.00) Preliminary Expenses (11.31) (1.08) (10.80) (884.67) 293.88 (3,803.69) CASH GENERATED FROM THE OPERATIONS 4,208.56 3,432.70 (914.82) Direct Taxes paid (1,737.44) (1,282.76) (388.80) Net Cash Flow from Operating Activities 2,471.12 2,149.94 (1,303.62) B. CASH FLOW FROM INVESTMENT ACTIVITIES : - Goodwill on Acquisition (5,606.54) (582.12) (30.00) Purchase of Fixed Assets (excl. impairment) (10,447.78) (4,543.24) (3,234.80) Cash and bank balances taken over pursuant to amalgamation 3,431.23 - - Sale of Fixed Assets 43.10 2.03 53.00 Share Application Money Pending Allotment 24.87 (22.99) 20.70 Purchase of Investments in - Associates (55.16) (0.49) (216.60) - Others (20,185.81) (7,461.36) (2,679.30) Sale of Investments in - Associates - 2.90 51.60 - Others 21,141.49 6,580.28 2,686.80 Interest received 276.77 259.47 317.60 Dividend received 107.62 5.71 9.90 Net Cash Flow after Investing Activities (11,270.21) (5,759.81) (3,021.10) F 12
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GAMMON INDIA LIMITED (Incorporated
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NOTICE TO INVESTORS The Company acc
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usiness strategies and environment
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epresentation, warranty or statemen
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SEBI nor any other regulatory autho
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FORWARD LOOKING STATEMENTS All stat
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Term Description Company in consult
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Term Description NH National Highwa
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Lock-up The Company will not, for a
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ased in Italy that is engaged in th
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for our short-term commercial paper
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Sr. No. SUMMARY FINANCIAL INFORMATI
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REFORMATTED CONSOLIDATED BALANCE SH
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REFORMATTED CONSOLIDATED PROFIT AND
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REFORMATTED CONSOLIDATED CASH FLOW
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RISK FACTORS An investment in equit
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affect on the profit margins that w
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As the revenue structure for the SP
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of actual traffic volume. Adverse d
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esult in decreased sales of our pro
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in two or three years) of interest
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If our subsidiaries or SPVs default
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Our inability to obtain, renew or m
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As of March 31, 2009, our contingen
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on which such additional financing
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The Equity Shares are being offered
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market for our equity shares will n
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(of sale proceeds), a no objection/
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Date National Stock Exchange of Ind
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USE OF PROCEEDS The total proceeds
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Vesting Date No. Of Options Exercis
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EXCHANGE RATE INFORMATION The follo
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development phase. GIPL also offers
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during summer months and during the
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c) Revenues from providing services
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Intangible assets are amortized ove
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Guidelines, 1999 issued by Securiti
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and tax credit, if any, and compute
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Profit After Tax. Our profit after
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primarily by trade payables and wor
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and components are fluctuating base
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Development Authorities, Metro Rail
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Indian Road Network Kilometers (app
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plan will soon be presented to the
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The Airports Sector in India Indian
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An investment of about Rs.720,600.0
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China’s electricity consumption h
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Source Central State Private Total
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Overview BUSINESS We are the flagsh
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** formerly Bedi Seaport Limited GA
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flue chimneys, nuclear containment
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For certain large construction or i
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oriented services. In addition, we
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Kalwakruthy Stage-3-Lift Irrigation
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Name of SPV Revenue Model MNEL KBIC
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Ansaldo Oseberg D Offshore Platfor
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ACCAM S.p.A. Incinerator Plant: Eur
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Our Company, with its joint venture
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Board of Directors BOARD OF DIRECTO
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Name, Designation, DIN and Address
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Name, Designation, DIN and Address
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Mr. Parvez Umrigar, is a B. Com., A
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Mr. Himanshu Parikh Pursuant to a s
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Organisation Chart 98
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Name Number of Equity Shareholding
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Shareholding Pattern PRINCIPAL SHAR
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Sl. No. Name of the Shareholder Lim
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Equity Shares allotted to a QIB pur
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Page 141 and 142: ank). The QIB will be required to d
Page 143 and 144: Placement Agreement PLACEMENT The J
Page 145 and 146: SELLING RESTRICTIONS The distributi
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Page 149 and 150: TRANSFER RESTRICTIONS Purchasers of
Page 151 and 152: The exceptions to this rule are for
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Page 155 and 156: shares are listed). Further, any pe
Page 157 and 158: agreement, within the time period m
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Page 161 and 162: . by crediting shares of the Compan
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Page 165 and 166: TAXATION The information provided b
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Page 169 and 170: 8. As per Section 74 Short-term cap
Page 171 and 172: long-term capital gains. Balance lo
Page 173 and 174: LEGAL PROCEEDINGS Save as described
Page 175 and 176: lack list GIL and also its allied/s
Page 177 and 178: Index to financial statements: FINA
Page 179 and 180: Sr. No. UNAUDITED FINANCIAL RESULTS
Page 181 and 182: from the foreign currency receivabl
Page 183 and 184: 5. The financial statements of cert
Page 185 and 186: REFORMATTED CONSOLIDATED BALANCE SH
Page 187: GAMMON INDIA LIMITED REFORMATTED CO
Page 191 and 192: GAMMON INDIA LIMITED SCHEDULES FORM
Page 197 and 198: 31.03.09 31.03.08 31.03.07 Rs.inMil
Page 201 and 202: SCHEDULE 15A SUNDRY EXPENSES INCLUD
Page 203 and 204: SCHEDULE 18 SIGNIFICANT ACCOUNTING
Page 205 and 206: 5. Research and Development Expense
Page 207 and 208: (c) Work in progress from manufactu
Page 209 and 210: Basic Earning Per Share is calculat
Page 211 and 212: For the Year 2008- 09 For the Year
Page 213 and 214: interest and voting rights in respe
Page 215 and 216: y Busi Group. By an Agreement dated
Page 217 and 218: Maritime Services Pvt. Ltd* Modern
Page 219 and 220: the difference between outstanding
Page 221 and 222: PVAN: Term Loans from ICICI Bank ar
Page 223 and 224: foreign exchange loss of Rs. 11.20
Page 225 and 226: In respect of some road projects co
Page 227 and 228: Net Actuarial (gain)/loss To Be Rec
Page 229 and 230: Further, during the year 2008-09, t
Page 231 and 232: 30 Gammon Sadelmi (Power Plant in S
Page 233 and 234: (c) Transactions of Oman Branch and
Page 235 and 236: 11 Gammon Rizzani Gammon Rizzani Ga
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Nature of Transactions / relationsh
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Nature of Transactions / relationsh
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Current liabilities Bank overdrafts
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Statement of recognised income and
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5. We have estimated and checked th
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4. As fully described by directors
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Franco Tosi Meccanica S.p.A. INTROD
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Franco Tosi Meccanica S.p.A. 2. INC
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Franco Tosi Meccanica S.p.A. 4. FOR
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Franco Tosi Meccanica S.p.A. The bo
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Franco Tosi Meccanica S.p.A. Revenu
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Franco Tosi Meccanica S.p.A. Servic
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Franco Tosi Meccanica S.p.A. 31.12.
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Franco Tosi Meccanica S.p.A. Note 5
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Franco Tosi Meccanica S.p.A. Nota 1
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Franco Tosi Meccanica S.p.A. As pre
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Franco Tosi Meccanica S.p.A. Deprec
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To the Shareholders of Sae Power Li
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SAE POWER LINES S.R.L. Società uni
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SAE POWER LINES S.R.L. IV. Liquid a
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SAE POWER LINES S.R.L. Profit and l
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SAE POWER LINES S.R.L. Company with
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underlying formal aspects. Fixed as
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Italian Exchange Rates Office (U.I.
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Description Value Monetary revaluat
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Accounts receivable by geographical
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This item can be broken down as fol
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Description 31/12/2007 Additions De
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Accounts payable by geographical ar
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Description 31/12/2008 31/12/2007 C
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Taxes Value at 31/12/2008 Value at
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the reasonable certainty that in fu
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ISSUER Gammon India Limited REGISTE
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GAMMON INDIA LIMITED

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