GAMMON INDIA LIMITED

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Finance Cost 304.80 174.70 119.10 Depreciation 148.00 56.30 63.90 Preliminary/Share Exp. written Off 0.30 0.20 0.50 Total Expenses 9,576.10 2,114.70 2,426.30 Profit / (Loss) Before Tax 73.90 (148.10) 97.30 Provision for Tax 17.50 19.90 30.60 Profit / (Loss) After tax 562.60 (167.90) 66.70 Name of the Company The above figures pertaining to the Joint Venture Companies are based on the audited accounts for all the years i.e. 2008-09, 2007-08, 2006-07 except Sofinter S.p.A. (Upto December 2008), Indira Container Terminal Private Limited (2008-09 & 2007-08) and SEZ Adityapur Limited(2008-09 & 2007-08) which are based on the un-audited management accounts. 3. The following Associates have been accounted on one line basis applying the Equity Method in accordance with Accounting Standard(AS) – 23 “Accounting for Investment in Associates in Consolidated Financial Statements” under :- The particulars of Investment in Associates are as (Rs. in Millions) Year % Share held Original Cost of Investmen t Goodwil l / (Capital Reserve) Adjusted/ Accumulate d Profit / (Loss) Dividend/ adjustmen ts Profit for the period Carrying Amount of Investments (1) (2) (3) (4) (5) (6) (7) (8) (9) (4)+(6)+(7)+( The Freyssinet 2008- Prestressed 09 Concrrete Co. Ltd 2007- 08 2006- 07 STFA Piling 2008- (India) Limited 09 2007- 08 2006- 07 Associated 2008- Transrail 09 Structures 2007- Limited 08 2006- 07 ATSL 2008- Infrastructure 09 Projects Ltd* 2007- 08 2006- 07 FIN EST S.p.A. 2008- 09 2007- 08 2006- 07 8) - - - - - - - - - - - - - - 36.64% 4.40 - 47.80 7.10 - - - - - (59.30) - - - - - - - - - - 50.00% 2.20 - (2.20) - - - - - - - - - - 28.87% 16.90 7.10 204.70 (2.90) 151.00 369.70 28.87% 16.90 7.10 78.60 (3.30) 129.40 221.60 - - - - - - - 37.32% 0.20 - - - - 0.20 - - - - - - - 50.00% 195.20 75.70 0.60 - 1.50 197.30 50.00% 195.20 75.70 - - 0.60 195.80 50.00% 195.20 75.70 - - - 195.20 Eversun Sparkle 2008- 25.36% 21.40 5.50 (7.10) - (5.60) 8.70 F 39
Maritime Services Pvt. Ltd* Modern Tollroads Ltd* 09 2007- 08 2006- 07 2008- 09 2007- 08 2006- 07 25.36% 21.40 5.50 (6.60) - 14.30 27.47% 21.40 5.50 - - (0.50) (6.60) 14.80 37.32% 0.20 - - - - 0.20 37.32% 0.20 - - - - 0.20 - - - - - - - Total 2008- 09 216.80 81.20 (6.50) - (4.10) 206.20 2007- 08 234.00 88.30 198.10 (2.90) 151.10 580.20 2006- 07 240.10 88.30 124.20 (62.60) 129.90 431.60 (*) Shareholding is through subsidiary Gammon Infrastructure Projects Ltd. (GIPL). In respect of FINEST S.p.A, the accounting of profit as per AS - 23 is carried out on the basis of audited accounts for the period Jan‟08 to Dec‟08 and based on the management accounts for the period Jan‟07 to Dec‟07, being the date upto which the said company has prepared its financial statements under local laws. The above does not include disclosure information in respect of associates of one of the overseas joint ventures in the absence of details required for the disclosure being available in the Consolidated Financial Statements of the JVC. The share of loss from such associates recognised in these Consolidated Financial Statements is Rs. 14.60 Millions and the carrying value of such investments is Rs. 58.70 Millions which is included under associates. 4. A. In accordance with the scheme of amalgamation between Associated Transrail Structures Ltd. (ATSL) and the Company approved by the Honourable High Court of Mumbai vide their order dated 18 th June 2009 and the Honourable High Court of Gujarat at Ahmedabad vide their order dated 2 nd July 2009 which has been filed with the Registrar of Companies on 7 th July 2009 to make the scheme effective, under section 391 to 394 of the Companies Act 1956, all the assets, liabilities and the business of ATSL, stand transferred to and vested in the Company, as a going concern , with effect from 1 st April ,2008. The said ATSL is in the business of “Construction and Engineering” and is specifically engaged in the business of Design, Supply, Erect and Commission Power Transmission Lines and Rural Electrification Schemes. Accordingly, in terms of the scheme approved a) The Company has accounted for the amalgamation as per the Accounting Standard 14 – “Accounting for Amalgamations” as stated in the Companies (Accounting Standards) Rules, 2006 under the Purchase method. b) All the assets and liabilities of ATSL as on 1 st April ,2008 have been accounted in the books of the Company at the value appearing in the books of ATSL including the Employees Stock option deferred compensation cost and the Employees stock option outstanding. c) In consideration of the transfer of the business as a going concern, the company shall issue 2 equity shares of Rs.2 each for each equity share of ATSL to the equity shareholders of ATSL. Pending allotment the outstanding equity shares to be issued aggregating to Rs.40.20 Millions is shown as Equity Share Suspense account under Share Capital. d) The company shall issue one 6% optionally convertible Preference share of Rs. 350 each to the holders of the 6% optionally convertible preference shares in ATSL for each such convertible preference share held by them. Pending allotment the outstanding preference share to be issued aggregating to Rs. 1050 Millions is shown as Preference Share Capital Suspense account under Share Capital. e) In exchange for the 29,02,340 equity shares of ATSL held by the Company as investments, 58,04,680 equity shares of the Company shall be issued in favour of a proposed trust to be created whose sole beneficiary shall be the company. Pending the formation of the trust and F 40
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The information in this Preliminary
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NOTICE TO INVESTORS The Company acc
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different from future results, perf
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your decision to accept an invitati
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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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Our Strategy for our short-term com
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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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the tender, the contract is usually
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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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Our Strategy flue chimneys, nuclear
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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 Platform
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ITEA ACCAM S.p.A. Incinerator Plant
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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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A B Desai C Bhattacharjee K Jayacha
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Shareholding Pattern PRINCIPAL SHAR
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Sl. No. Name of the Shareholder Tot
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Equity Shares allotted to a QIB pur
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FIIs are permitted to participate t
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The submission of an Application Fo
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ank). The QIB will be required to d
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Placement Agreement PLACEMENT The J
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SELLING RESTRICTIONS The distributi
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the shares, debentures and units of
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TRANSFER RESTRICTIONS Purchasers of
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The exceptions to this rule are for
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equirement to publish un-audited fi
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shares are listed). Further, any pe
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agreement, within the time period m
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for compulsory dematerialised tradi
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. by crediting shares of the Compan
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proportion as the capital paid on t
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Page 169 and 170: 8. As per Section 74 Short-term cap
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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 and 188: GAMMON INDIA LIMITED REFORMATTED CO
Page 189 and 190: 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: y Busi Group. By an Agreement dated
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
Page 237 and 238: Nature of Transactions / relationsh
Page 243 and 244: Current liabilities Bank overdrafts
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Page 247 and 248: 5. We have estimated and checked th
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Page 265 and 266: Franco Tosi Meccanica S.p.A. Note 5
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Franco Tosi Meccanica S.p.A. Note 9
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Franco Tosi Meccanica S.p.A. Nota 1
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Franco Tosi Meccanica S.p.A. Note 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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