Annual Report 2006-2007 - Gammon India

GAMMON INDIA LIMITED
DEBENTURE REDEMPTION RESERVE
52
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
Brought forward 957.80 762.34
As per last Balance Sheet 22.90 30.06
Add : Transferred from Profit and Loss A/c 10.71 10.00
Less : Transferred to Profit and Loss A/c on repayment of
Debentures – 17.16
33.61 22.90
SPECIAL CONTINGENCY RESERVE
As per last Balance Sheet 20.00 –
Add : Transferred from Profit and Loss A/c 10.00 20.00
(Refer Note 14)
30.00 20.00
FOREIGN CURRENCY TRANSLATION RESERVE (0.41) 0.07
Arising out of current year
PROFIT AND LOSS ACCOUNT 111.58 102.82
SCHEDULE 3
SECURED LOANS
1,132.58 908.13
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
Non Convertible Debentures placed with Banks and Financial
Institutions (Refer Note 2) 100.00 100.00
From Canara Bank Led Consortium:
Short term loan secured by a charge over all the Company’s Assets
in India (excluding Leasehold Property, Freehold Property and Plant
& Machinery hypothecated to the bankers and Financial Institutions
under various Asset Financing Schemes) 130.25 33.81
Loans (Secured by hypothecation of assets purchased under various
financing schemes) :
Ford Credit Kotak Mahindra Ltd. 0.03 0.12
Kotak Mahindra Primus Ltd. – 0.02
ICICI Bank Ltd. 0.04 0.05
(Out of the above loans Rs. 0.07 Crores are due for repayment within
one year, Previous year Rs. 0.13 Crores)
Term Loan from Bank Muscat secured by assets financed under the
facility (Amount repayable within one year NIL, Previous Year
Rs.10.01 Crores) – 10.01
SCHEDULE 4
UNSECURED LOANS
230.32 144.01
31st March, 2007 31st March, 2006
Rs. in Crores Rs. in Crores Rs. in Crores Rs. in Crores
External Commercial Borrowings 91.17 26.58
(Secured by Guarantee of Consortium Bankers)
(Amount repayable within one year Rs. 91.17 Crores, Previous Year
Rs. 26.58 Crores)
Other Short Term Loans from Banks 50.00 –
141.17 26.58