Annual Report FY 2010-11 - Pipavav Shipyard

Pipavav Defence and Offshore
Engineering Company Limited
f) Amounts for the Current and previous years for Gratuity Funded are as follows:
(Rs. in Lacs)
Particulars 2010 -11 2009 -10 2008 - 09 2007 - 08
Defined Benefit Obligation 95.09 84.46 46.85 18.81
Plan Assets 51.02 45.11 63.66 40.37
Surplus/(Deficit) (44.07) (39.35) 16.81 21.56
Experience adjustment on plan assets (Gain)/Loss * * * *
Experience adjustment on plan Liabilities Gain/ (Loss) * * * *
* - Details are not readily available in the valuation report taken by the Company and hence are not furnished.
Note: In the absence of detailed information regarding plan assets which is funded with Life Insurance Corporation
of India, the composition of each major category of plan assets, the percentage and amount for each category of the
fair value of plan assets has not been disclosed.
15. Segment Reporting
The Company’s activities predominantly revolve around the shipbuilding, ship repair and other related activities.
Considering the nature of Company’s business and operations, there is only one reportable segment (business and / or
geographical).
16. Related Party Disclosures
a) List of Related parties
1. Subsidiary Company
E Complex Private Limited
2. Associates
SKIL Infrastructure Limited
3. Key Managerial Personnel
Mr. Nikhil P. Gandhi
Mr. Bhavesh P. Gandhi
Mr. J P Rai (upto 30-06-2010)
Mr. M. Jitendran (w.e.f 01-07-2010)
4. Enterprises in which key managerial personnel or their relatives are able to exercise significant influence
(Other Related Parties)
Awaita Properties Private Limited
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