Annual Report 2006-2007 - Gammon India
Annual Report 2006-2007 - Gammon India
Annual Report 2006-2007 - Gammon India
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SCHEDULE 6<br />
INVESTMENTS<br />
GAMMON INDIA LIMITED<br />
Face Value<br />
Rupees<br />
54<br />
Nos. as on<br />
31.03.<strong>2007</strong><br />
Nos. as on<br />
31.03.<strong>2006</strong><br />
31.03.<strong>2007</strong><br />
Rs. in Crores<br />
31.03.<strong>2006</strong><br />
Rs. in Crores<br />
INVESTMENTS (AT BOOK VALUE)<br />
(Long term unless otherwise stated)<br />
1. INVESTMENT IN GOVERNMENT SECURITIES :<br />
(a) 6.75% Tax Free US64 Bonds 100 17,775 17,775 0.18 0.18<br />
MKVDC Bonds<br />
(b) Other Government Securities lodged with<br />
Contractees as Deposit:<br />
Unquoted :<br />
100,000 98 98 0.98 0.98<br />
Sardar Sarovar Narmada Nigam Ltd – Bonds 0.10 0.10<br />
Others<br />
Government Securities Others – Unquoted<br />
0.12 0.12<br />
(Indira Vikas Patras and National Savings Certificates) 0.01 0.01<br />
(A) 1.39 1.39<br />
2. INVESTMENT IN SHARES & DEBENTURES :<br />
(a) TRADE INVESTMENTS (FOREIGN)<br />
Ordinary Shares: (Unquoted, fully paid up)<br />
<strong>Gammon</strong> Mideast Ltd., Dhs. 1,000 each Dhs. 7,85,000<br />
(Under Liquidation) (Fully Provided)<br />
1,142 1,142 0.18 0.18<br />
Finest SPA, Italy 1 Euro 780,000 – 19.52 –<br />
(B) 19.70 0.18<br />
(b) TRADE INVESTMENTS: (INDIAN)<br />
(Fully paid-up unless otherwise stated)<br />
Ordinary Shares: (Unquoted)<br />
Shah <strong>Gammon</strong> Ltd. 100 835 835 0.01 0.01<br />
STFA Piling (<strong>India</strong>) Ltd. (Fully Provided) 10 217,321 217,321 0.22 0.22<br />
The Freyssinet Prestressed Concrete Co. Ltd. (FPCC) 10 – 444,744 – 0.44<br />
<strong>Gammon</strong> Turnkeys Ltd.<br />
Ordinary Shares: (Quoted)<br />
100 600 600 0.01 0.01<br />
Associated Transrail Structures Ltd. 10 2,902,340 2,902,340 1.69 1.69<br />
Sadbhav Engineering Ltd. 10 1,100,000 1,100,000 6.60 6.60<br />
(C) 8.53 8.97<br />
(c) INVESTMENT IN SUBSIDIARY COMPANIES<br />
(Fully paid-up unless otherwise stated)<br />
Ordinary Shares: (Unquoted)<br />
<strong>Gammon</strong> Infrastructure Projects Ltd. 10 105,600,000 105,600,000 105.60 105.60<br />
<strong>Gammon</strong> Cooling Towers Ltd. 10 49,940 49,940 0.05 0.05<br />
<strong>Gammon</strong> & Billimoria Ltd. 10 50,940 50,940 0.05 0.05<br />
Gorakhpur Infrastructure Co. Ltd. 10 25,500 – 0.03 –<br />
Kosi Bridge Infrastructure Project Ltd. 10 25,500 – 0.03 –<br />
<strong>Gammon</strong> Realty Ltd. 10 15,049,940 – 15.05 –<br />
Rajahmundhry Expressway Ltd. (Refer Note 34 & 37) 10 11,092,500 11,092,500 13.53 13.53<br />
Andhra Expressway Ltd. (Refer Note 34 & 37) 10 11,092,500 11,092,500 13.65 13.65<br />
147.99 132.88<br />
Add : Acquisition of Beneficial Interest in REL & AEL<br />
in lieu of Deposit paid (Refer Note 37) 5.66 5.66<br />
153.65 138.54<br />
Less : Transfer of Beneficial Interest in REL & AEL in<br />
lieu of Deposit received (Refer Note 37) (32.84) (32.84)<br />
Carried forward (D) 120.81 105.70
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