(Global) Limited - GMR

GMR Infrastructure (Global) Limited
Notes to the financial statements
for the year ended 31 March 2010 (continued)
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Reserves
2010 2009
($) ($)
As at the beginning of the year 1April 2009
(30,857)
(Loss){ Profit for the year ended 31 March 2010 (64,522) (SO.857)
As at 31 March 2010 (95,379) (30,857)
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Related party transactions
The following transactions were made with the company's subsidiary and group companies
during the year and are included as part of the year end balance:
2010 2009
Transaction ($) ($)
Loan from GMR Infrastructure (Cyprus) Limited • 138.699,999
Loan to GMR Energy (Global) Limited - 138.694,999
Reimbursement of expenses payable to GMR Energy (Global) Limited 45,976 6,426
8 Financial commitments
On 25 September 2008, the company entered into a non disposable undertaking agreement
with Axis Bank Limited, Singapore branch "security trustee", under which the company has
agreed not to dispose of their shareholding in its wholly owned subsidiary, GMR Energy
(Global) Limited.
In addition. the company has also pledged all its shares in GMR Energy (Global) Limited, as
security with Axis Bank Limited, India for bank borrowings as made by a group company
named GMR Holding (Malta) Limited.
On the 24 December 2009, the company pledged its shares to Akbank TAS against a
facility arrangement of €17 million entered into by LGM Havalimani Turizom ve Ticaret AS, a
company in which GMR Infrastructure (Global) Limited has a 5% share.
9 Ultimate controlling party
The immediate parent company of the company is GMR Infrastructure (Cyprus) Limited, a
company registered in Cyprus. with its registered address at 3, Themistokli Dervi, Julia House,
P.C 1066, Nicosia, Cyprus.
The ultimate parent company is GMR Holding PVT Limited, a company registered in India,
with its registered address at Skip House, 2511 Museum Road, Bangalore 560025.
The ultimate controlling party is Mallikarjuna Rao Gandhi.
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