PMC Projects 2011 Annual Report.pdf

PMC PROJECTS (INDIA) PRIVATE LIMITED
Standalone Balance Sheet for period 01/04/2010 to 31/03/2011
[610000] General information about financial statements
Unless otherwise specified, all monetary values are in INR
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Disclosure of general information about
company [abstract]
Disclosure of company information
[abstract]
Name of company PMC PROJECTS (INDIA) PRIVATE LIMITED
Corporate identity number U45202GJ2005PTC045974
Permanent account number of entity AADCP5841L
Address of registered office of company
Infrastructure House, Beside Shikhar Complex, , Nr. Mithakhali Six Roads,Navrangpura, ,
Ahmedabad , GUJARAT , INDIA - 380009
Type of industry Commercial and Industrial
Disclosure of document information
[abstract]
Date of board meeting when final
accounts were approved
31/08/2011
Date of start of reporting period 01/04/2010 01/04/2009
Date of end of reporting period 31/03/2011 31/03/2010
Nature of report standalone consolidated
Standalone
Content of report Balance Sheet
Description of presentation currency INR
Level of rounding used in financial
statements
Actual
Type of balance sheet Sources and Application of Funds [Vertical Format]
Type of cash flow statement Indirect Method
[630000] Disclosures - Directors report
01/04/2010
to
31/03/2011
Disclosure in board of directors report [text
block]
Textual information (1) [See below]
Description of state of companies affair Textual information (2) [See below]
Disclosure relating to amounts transferred to
reserves
With a view to conserve resources of your Company for ongoing projects, the Directors do not recommend
any dividend.
Details regarding energy conservation Textual information (3) [See below]
Particulars of employees as per provisions
of section 217
Disclosures in director’s responsibility
statement
Director's comments on qualification(s),
reservation(s) or adverse
remark(s) of the auditors as per Board's
report
Other details mentioned board report
Appreciation and Acknowledgement: Your Directors have pleasure in taking this opportunity to thank the
Government Agencies, Bankers and all other personnel.
Date of Board of directors' meeting in which
board's report referred
to under section 217 was approved
31/08/2011

2
PMC PROJECTS (INDIA) PRIVATE LIMITED Standalone Balance Sheet for period 01/04/2010 to 31/03/2011
Textual information (1)
Disclosure in board of directors report [text block]
To
The Members,
Your Directors have pleasure in presenting the Sixth Annual Report together with the Audited Accounts of the Company for the financial
year ended on 31 March, 2011.
st
Description of state of companies affair
Financial Highlights: Your Directors are pleased to inform that total income earned during the year under review was Rs. 326.94 Crores
against expenditure of Rs. 321.04 Crores including financial charges amounting to Rs. 1.97 Crores and depreciation amounting to Rs. 7.74
Crores. The net profit after tax during the year under review was Rs. 3.11 Crores. Fixed Deposits: During the year under review, your
Company has not accepted any deposits from Public.
Details regarding energy conservation
In view of the nature of activities which are being carried on by the company, Rules 2A and 2B of the Companies (Disclosure of particulars
in the Report of Board of Directors) Rules, 1988, concerning conservation of energy and technology absorption respectively are not
applicable to the Company. Details of the Foreign Exchange Earnings and Outgo are set out in Note 15 of Schedule -17 of Notes to
Accounts.
Particulars of employees as per provisions of section 217
The particulars of employees as required by Section 217 (2A) of the Companies Act, 1956 and Companies (Particulars of Employees) Rules,
1975 as amended is appended as below: A. Personnel who are in receipt of remuneration aggregating not less than Rs. 60 Lacs per annum
and employed throughout the year. 1. (Name) Mr. A. M. Uplenchwar (Age yrs) 63 (Designation) Director (Gross Remuneration) 1,03,64,376
(Qualification) B. E. (Mech), M.O.T (ExpYrs.) 42 (Date of joining) 01.10.07 (Previous Employment) Indian Oil
Disclosures in director’s responsibility statement
Pursuant to the requirements under 217(2AA) of the Companies Act, 1956, with respect to Directors’ Responsibility Statement, your
Directors hereby confirm the following: 1. The applicable accounting standards have been followed and that no material departures have
been made from the same. 2. Such accounting policies have been selected and applied consistently and reasonable and prudent judgments
and estimates were made so as to give a true and fair view of the state of affairs of the Company at the end of the financial year. 3. Proper
and sufficient care has been taken for the maintenance of adequate accounting record in accordance with the provisions of Companies Act,
1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 4. The annual accounts have
been prepared on a going concern basis

3
Director's comments on qualification(s), reservation(s) or adverse remark(s) of the auditors as per Board's report
M/s. Dharmesh Parikh & Co., Chartered Accountants, vide their letter dated 28th February, 2011 has conveyed their unwillingness to
continue as Statutory Auditors for the F.Y. 2010-11. M/s. Shah Dhandharia & Co., Chartered Accountants, Ahmedabad were appointed as
Statutory Auditors of the Company at Extra Ordinary General Meeting held on 8th March, 2011 for the F.Y. 2010-11, to fill up the casual
vacancy caused by the resignation of M/s. Dharmesh Parikh & Co., Chartered Accountants. M/s. Shah Dhandharia & Co., Chartered
Accountants, retire on the conclusion of forthcoming Annual General Meeting and being eligible, offers themselves for reappointment.
Auditors’ Report: Notes forming part of accounts are self-explanatory and therefore, do not call for any comments.
01/04/2010 to 31/03/2011
Details of directors signing board report
1
Name of director signing board report [abstract]
First name of director Arvind
Middle name of director Murlidhar
Last name of director Uplenchwar
Designation of director Director
Director identification number of director 00142114
Date of signing board report 31/08/2011

4
[620000] Disclosures - Auditors report
01/04/2010
to
31/03/2011
Disclosure in auditor’s report [text block] Textual information (7) [See below]
Disclosure in auditors report relating to
fixed assets
Disclosure relating to quantitative
details of fixed assets
The Company has maintained proper records showing full particulars, including quantitative details and
situation of fixed assets
Disclosure relating to physical
verification and material
discrepancies of fixed assets
Disclosure relating to fixed assets
disposed off
The Company has not disposed off any fixed assets during the year. Accordingly provisions of clause 4 (i)(c) of
the Order is not applicable.
inventories
Disclosure of physical verification of
inventories at fixed intervals
Disclosure of procedure followed for
physical verification of
inventories
Disclosure about maintenance of
inventory records and material
discrepancies
loans
Disclosure about loans granted or
taken by parties covered under
section301 of companies act
internal control system
contracts and arrangements
under section301 of companies act
deposits accepted from public
companies internal audit system
maintenance of cost records
The maintenance of cost records under Section 209(1)(d) of the Companies Act, 1956 is not applicable to the
Company.
statutory dues
Disclosure relating to regularity in
payment of undisputed statutory
dues
Disclosure relating to disputed
statutory dues
accumulated losses
The Company does not have any accumulated losses at the end of the financial year and has not incurred cash
losses during current and immediately preceding financial year.
default in repayment of
financial dues
Based on our audit procedures and according to the information and explanations given to us, there is no delay
in payment of interest on term loans due to banks.
loans and advances
granted by way of pledge of shares
debentures and other securities
provisions under special statute
In our opinion, the Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, the provisions
of clause 4(xiii) of the Order are not applicable to the Company
adequacy of records
maintained by share trading companies
guarantee given
term loans used for
purpose other than for purpose they were
raised
According to the information & explanations given to us, the Company has not taken any term loan during the
year. Accordingly the provisions of clause 4(xvi) of the Order are not applicable.

5
nature and amount of
fund raised for short-term has been used
for long-term or vice
versa
preferential allotment of shares
securities created against
debentures issued
As the Company has not issued any debentures, provisions of clause 4(xix) of the Order are not applicable.
purpose and end use of money
raised through public issues
During the year, since the Company has not raised money by way of public issue, provisions of clause 4(xx) of
the Order are not applicable.
any material fraud reported
during period

6
Disclosure in auditor’s report [text block]
Auditor’s Report To the members of PMC PROJECTS (INDIA) PRIVATE LIMITED
1. We have audited the attached Balance Sheet of PMC PROJECTS (INDIA) PRIVATE LIMITED as at 31st March, 2011 and also the
Profit and Loss Account for the period ended on that date annexed thereto and the Cash Flow statement for the year ended on that date,
which we have signed under reference to this report. These financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audit.
2. We have conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audit provide a reasonable basis for our opinion.
3. As required by the Companies (Auditor's Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of
section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 & 5 of the said
Order.
4. Further to our comments in the annexure referred to above, we report that:
i) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of
our audit;
ii) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of
those books;
iii) The Balance Sheet, Profit & Loss Account and Cash-flow statement dealt with by this report are in agreement with the books of account.
iv) In our opinion, the Balance Sheet, Profit & Loss account and Cash Flow Statement dealt with this report comply with the Accounting
Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956;
v) On the basis of written representations received from the directors as on 31 March, 2011, and taken on record by the Board of
st
Directors, we report that none of the directors are disqualified as on 31 March, 2011 from being appointed as a director in terms of clause
st
(g) of sub-section (1) of section 274 of the Companies Act, 1956;
vi) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with the
Significant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956 in the manner so required
and give a true and fair view in conformity with the accounting principles generally accepted in India:
a) in the case of the Balance Sheet, of the State of affairs of the Company as at 31st March, 2011;
b) in the case of Profit & Loss Account, of the Profit for the period ended on that date; and
c) in the case of Cash Flow Statement, of the cash flows for the year ended on that date.

7
Disclosure relating to physical verification and material discrepancies of fixed assets
The fixed assets are physically verified by the management at reasonable intervals, in a phased verification-programme, which, in our
opinion, is reasonable, looking to the size of the Company and the nature of its business.
Disclosure of physical verification of inventories at fixed intervals
During the year, the inventories have been physically verified by the management, except for stocks lying with outside parties, which have,
however, been confirmed by them. In our opinion, the frequency of verification is reasonable.
Disclosure of procedure followed for physical verification of inventories
In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed
by the management are reasonable and adequate in relation to the size of the Company and the nature of its business.
Disclosure about maintenance of inventory records and material discrepancies
On the basis of our examination of the record of inventories, we are of the opinion that, the Company is maintaining proper records of
inventories. Discrepancies noticed on physical verification of inventories as compared to book records were not material and have been
properly dealt with in the books of account.
Disclosure about loans granted or taken by parties covered under section301 of companies act
As informed to us, the company has not granted any loans, secured or unsecured, to any company, firm or other party covered in the Register
maintained under section 301 of the Companies Act, 1956. Accordingly provisions of clause 4 (iii-a) to (iii-d) of the order are not applicable.
According to the information and explanation given to us and the records produced to us for our verification, the company has not taken any
loan from any company, firm or party covered in the register maintained under section 301 of the Companies Act, 1956, accordingly the
provisions of clause 4 (iii) (e) to (iii) (g) of the Order are not applicable.
Disclosure in auditors report relating to internal control system
According to the information and explanations given to us, there is adequate internal control system commensurate with the size of the
Company and the nature of its business for the purchase of inventory and fixed assets and for providing of services. During the course of our
audit, no major weakness has been noticed in the internal control system.
Disclosure in auditors report relating to contracts and arrangements under section301 of companies act
According to the information and explanation provided by the management, there have been no contracts or arrangements during the year
that need to be entered into the register maintained under section 301 of the Companies Act, 1956. Therefore, the provisions of clause 4(v)
(a) and (b) of the Order are not applicable
Disclosure in auditors report relating to deposits accepted from public
The Company has not accepted deposits from the public within the meaning of section 58A & 58AA of the Companies Act, 1956 or any
other relevant provisions of the Act and the Rules framed there under. We are informed that no order has been passed by the Company Law
Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal

8
Disclosure in auditors report relating to companies internal audit system
As per the information and explanations given to us by the management, the Company’s internal control procedures together with the internal
checks conducted by the group internal audit team during the year can be considered as an internal audit commensurate with the size and
nature of its business
Disclosure relating to regularity in payment of undisputed statutory dues
As explained to us and according to the records of the Company produced before us, the Company is generally regular in depositing
undisputed applicable statutory dues with the appropriate authorities. There are no undisputed statutory dues as referred to above as at March
31, 2011 outstanding for a period of more than six months from due date they become payable
Disclosure relating to disputed statutory dues
According to the information and explanation given to us, the disputed Statutory dues are as under: (Name of the Statute) Service Tax Act
(Nature of the dues) Service Tax (Amount in Rs.) 17,85,101 (Period to which the amt relates financial year) 2005-06 (Forum where dispute is
pending) Superintendent of Service Tax (Name of the Statute) Service Tax Act (Nature of the dues) Penalty (Amount in Rs.) 35,72,202
(Period to which the amt relates financial year) 2005-06 (Forum where dispute is pending) Superintendent of Service Tax
Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and
other securities
The Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities.
Accordingly provisions of clause 4(xii) of the Order are not applicable.
Disclosure in auditors report relating to adequacy of records maintained by share trading companies
According to the information and explanations given to us, the company is not dealing or trading in shares, securities, debentures and other
investments except for temporary investment in liquid mutual funds. Accordingly, the provision of clause 4(xiv) of the Order is not
applicable to the Company.
Disclosure in auditors report relating to guarantee given
According to the information & explanations given to us, the company has not given any guarantee for any loans taken by associates and
others from banks or any financial institution. Accordingly clause (xv) of paragraph 4 of the order is not applicable.
Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for
long-term or vice versa
According to the Cash-flow statement and other records examined by us and the information and explanations given to us, on an overall
basis, funds raised on short term basis have not, prima facie, been used during the year for long term investment.
Disclosure in auditors report relating to preferential allotment of shares
The Company has not made any preferential allotment of shares to parties covered in the Register maintained under section 301 of the
Companies Act, 1956. Accordingly provisions of clause 4(xviii) of the Order are not applicable.

9
Disclosure in auditors report relating to any material fraud reported during period
Based upon the audit procedures performed and information and explanations given by the management, we report that, no fraud on or by the
Company has been noticed or reported during the course of our audit for the year ended 31st March, 2011.
01/04/2010 to 31/03/2011
Details regarding auditors
1
Name of audit firm Shah Dhandharia & Co
Name of auditor signing report DHANDHARIA PRAVIN RAJENDRAPRASAD
Membership number of auditor 115490
Address of auditors B/302, Anand view society, Nr shahibaug Rly. cross., ahmedabad 380004
Permanent account number of auditor or auditor's firm AAGFM7049H
SRN of form 23B Z99999999
Date of signing audit report by auditors 31/08/2011
Date of signing of balance sheet by auditors 31/08/2011

10
[100000] Sources and Application of Funds
31/03/2011 31/03/2010
Sources application funds [abstract]
Sources of funds [abstract]
Shareholders' funds [abstract]
Paid-up share capital 3,15,38,610 3,15,38,610
Reserves surplus 24,96,51,656 21,85,43,910
Shareholders' funds 28,11,90,266 25,00,82,520
Net deferred tax liability 1,06,96,797
(A) 2,01,11,146
(B)
Loan funds [abstract]
Secured loans 0 30,36,22,664
Unsecured loans 0 0
Loan funds 0 30,36,22,664
Sources of funds 29,18,87,063 57,38,16,330
Application of funds [abstract]
Fixed assets [abstract]
Net block [abstract]
Gross block 52,99,42,283 52,14,62,887
Accumulated depreciation, amortization and impairment [abstract]
Accumulated depreciation amortisation 22,74,14,529 15,04,15,068
Accumulated impairment 0 0
Accumulated depreciation amortisation impairment 22,74,14,529 15,04,15,068
Net block 30,25,27,754 37,10,47,819
Fixed assets 30,25,27,754 37,10,47,819
Investments, net 0 0
Net current assets [abstract]
Current assets loans advances [abstract]
Current assets [abstract]
Sundry debtors 5,81,14,685 16,49,75,668
Cash bank balance 4,99,35,308 2,29,58,787
Inventories 3,69,46,482 0
Current assets 14,49,96,475 18,79,34,455
Loans advances 138,90,30,206 10,06,72,426
Current assets loans advances 153,40,26,681 28,86,06,881
Current liabilities provisions [abstract]
Current liabilities 152,44,93,102
(C) 7,06,94,991
(D)
Provisions 2,01,74,270
(E) 1,51,43,379
(F)
Current liabilities provisions 154,46,67,372 8,58,38,370
Net current assets -1,06,40,691 20,27,68,511
Miscellaneous expenditure not written off 0 0
Application of funds 29,18,87,063 57,38,16,330
Footnotes
(A) As Per audited Net Deferred Tax liabiliy has no Schedule , but as per the Taxonomy prescribed by MCA all these expenses are
included in Schedule of Administrative Expenses and it is numbered 3.1
(B) As Per audited Net Deferred Tax liabiliy has no Schedule , but as per the Taxonomy prescribed by MCA all these expenses are
(C) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
prescribed by MCA there is different schedule for Current Liabilities and different schedule for Provisions. So Current Liabilities
schedule is numbered as 9.1 & Provisions is numbered as 9.2
(D) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
(E) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
(F) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy

11
[640000] Disclosures - Signatories of balance sheet
01/04/2010
to
31/03/2011
Details of signatories of balance sheet [abstract]
Details of company secretary [abstract]
Name of company secretary MAYUR SHAH
Permanent account number of company secretary ACCPS5011K
Date of signing of balance sheet by company secretary 31/08/2011
01/04/2010 to 31/03/2011
Details of directors signing balance sheet
1 2
Name of director signing balance sheet [abstract]
First name of director Arvind Vinod
Middle name of director Murlidhar
Last name of director Uplenchwar George
Designation of director Director Director
Director identification number of director 00142114 03042601
Date of signing of balance sheet by director 31/08/2011 31/08/2011

12
[300000] Statement of Cash Flow, Indirect Method
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Cash flow statement [abstract]
Net increase decrease cash and cash equivalents [abstract]
Net cash flow from used in operating activities [abstract]
Net profit loss before tax extraordinary items 5,90,08,211 10,38,94,871
Adjustments profit loss operations [abstract]
Adjustment depreciation depletion amortisation [abstract]
Adjustment depreciation 7,74,23,470 6,53,88,056
Adjustment depreciation depletion amortisation 7,74,23,470 6,53,88,056
Adjustment provisions, net [abstract]
Adjustment provision income tax 2,17,412 0
Adjustment provisions, net 2,17,412 0
Adjustment gain loss sale disposal fixed assets 9,190 -3,55,70,248
Adjustment interest expense 2,33,54,941 5,16,32,492
Adjustment interest dividend income [abstract]
Adjustment interest received [abstract]
Adjustment interest long-term investments 8,78,846 2,15,03,596
Adjustment interest received 8,78,846 2,15,03,596
Adjustment interest dividend income 8,78,846 2,15,03,596
Adjustments profit loss operations 10,01,26,167 5,99,46,704
Operating profit loss before changes working capital 15,91,34,378 16,38,41,575
Changes working capital [abstract]
Changes current assets loans advances [abstract]
Changes inventories -3,69,46,482 0
Changes sundry debtors 10,68,60,983 -15,21,95,191
Changes loans advances -128,74,79,636 -2,79,78,497
Changes current assets loans advances -121,75,65,135 -18,01,73,688
Changes current liabilities provisions [abstract]
Changes trade other payables [abstract]
Changes trade payables 145,88,29,002 1,71,96,492
Changes trade other payables 145,88,29,002 1,71,96,492
Changes current liabilities provisions 145,88,29,002 1,71,96,492
Changes working capital 24,12,63,867 -16,29,77,196
Cash from generated operations 40,03,98,245 8,64,379
Direct taxes paid refunded 3,84,33,147 1,06,60,660
Net cash flow from used in operating activities 36,19,65,098 -97,96,281
Net cash flow used in investing activities [abstract]
Purchase development fixed assets [abstract]
Purchase tangible fixed assets 1,42,31,745 4,34,18,370
Purchase development fixed assets 1,42,31,745 4,34,18,370
Proceeds sale disposal fixed assets [abstract]
Proceeds sale disposal tangible fixed assets 53,19,150 26,00,02,150
Proceeds sale disposal fixed assets 53,19,150 26,00,02,150
Proceeds interest dividend investments [abstract]
Proceeds interest investments [abstract]
Proceeds interest bank deposits 5,25,599 2,17,10,265
Proceeds interest investments 5,25,599 2,17,10,265
Proceeds interest dividend investments 5,25,599 2,17,10,265
Net cash flow used in investing activities -83,86,996 23,82,94,045
Net cash flow from used in financing activities [abstract]
Proceeds financial liabilities [abstract]
Proceeds financial liabilities 0 0
Repayments financial liabilities [abstract]
Repayments short-term borrowings 30,36,22,664 17,89,86,316
Repayments financial liabilities 30,36,22,664 17,89,86,316
Interest financial expenses paid [abstract]
Interest expense short-term loans paid 2,29,78,918 5,16,32,492
Interest financial expenses paid 2,29,78,918 5,16,32,492
Net cash flow from used in financing activities -32,66,01,582 -23,06,18,808
Net increase decrease cash and cash equivalents 2,69,76,520 -21,21,044
Cash and Cash Equivalents, Ending Balance 4,99,35,308 2,29,58,788

13
[100100] Schedule - Share capital
31/03/2011 31/03/2010
Share capital [abstract]
Authorised share capital [abstract]
Authorised equity share capital 3,50,00,000 3,50,00,000
Authorised preference share capital 0 0
Authorised share capital 3,50,00,000 3,50,00,000
Issued subscribed share capital [abstract]
Issued share capital [abstract]
Equity share capital issued 3,15,38,610 3,15,38,610
Preference share capital issued 0 0
Issued share capital 3,15,38,610 3,15,38,610
Subscribed share capital [abstract]
Equity share capital subscribed 3,15,38,610 3,15,38,610
Preference share capital subscribed 0 0
Subscribed share capital 3,15,38,610 3,15,38,610
Paid-up share capital [abstract]
Paid-up equity share capital 3,15,38,610 3,15,38,610
Paid-up share capital 3,15,38,610 3,15,38,610
01/04/2010 to 31/03/2011
Details of every class of share capital
1
Type of share Equity
Nature of share Equity Share Capital
Nominal value per authorised share [INR/shares] 10
Number of authorised shares [shares] 35,00,000
Value of authorised shares 3,50,00,000
Nominal value per issued share [INR/shares] 10
Number of issued shares [shares] 31,53,861
Value of issued shares 3,15,38,610
Nominal value per subscribed share [INR/shares] 10
Number of subscribed shares [shares] 31,53,861
Value of subscribed shares 3,15,38,610
Nominal value per paid-up share [INR/shares] 10
Number of paid-up shares [shares] 31,53,861
Value of paid-up shares 3,15,38,610

14
01/04/2009 to 31/03/2010
Details of every class of share capital
1
Type of share Equity
Nature of share Equity Share Capital
Nominal value per authorised share [INR/shares] 10
Number of authorised shares [shares] 35,00,000
Value of authorised shares 3,50,00,000
Nominal value per issued share [INR/shares] 10
Number of issued shares [shares] 31,53,861
Value of issued shares 3,15,38,610
Nominal value per subscribed share [INR/shares] 10
Number of subscribed shares [shares] 31,53,861
Value of subscribed shares 3,15,38,610
Nominal value per paid-up share [INR/shares] 10
Number of paid-up shares [shares] 31,53,861
Value of paid-up shares 3,15,38,610
[100200] Schedule - Reserves and Surplus
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Reserves surplus [abstract]
Profit loss account [abstract]
Changes profit loss account [abstract]
Additions profit loss account 5,90,08,211 10,36,39,910
Deductions profit loss account 2,79,00,465 3,34,79,236
Changes profit loss account 3,11,07,746 7,01,60,674
Profit (Loss) Account, Ending Balance 24,96,51,656 21,85,43,910
Reserves surplus 24,96,51,656 21,85,43,910
[100210] Schedule - Reserves and Surplus [Summary]
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Reserves surplus [abstract]
Changes reserves surplus 3,11,07,746 7,01,60,674
Reserves and Surplus, Ending Balance 24,96,51,656 21,85,43,910
[100300] Schedule - Secured debt
31/03/2011 31/03/2010
Secured loans [abstract]
Rupee term loans secured [abstract]
Rupee term loans banks secured 0 30,00,00,000
(A)
Rupee term loans secured 0 30,00,00,000
Interest accrued due secured loans [abstract]
Interest accrued due other debt secured 0 36,22,664
Interest accrued due secured loans 0 36,22,664
Secured loans 0 30,36,22,664

15
Footnotes
(A) Rupee Term Loan from banks secured represents Secured by way of Hypothecation of Dredger and Allied Equipments.
[100400] Schedule - Unsecured debt
31/03/2011 31/03/2010
Unsecured loans [abstract]
Public deposits unsecured 0 0
Unsecured loans 0 0

16
[100600] Schedule - Fixed assets
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Summary of assets [abstract]
Additions to, gross block during period 1,42,31,746 0
Deductions in, gross block during period 57,52,350 0
Gross block, at end of period 52,99,42,283 52,14,62,887
Depreciation amortisation during period 7,74,23,471 0
Deductions in depreciation amortisation during period 4,24,010 0
Other adjustments to depreciation amortisation during period 0
Accumulated depreciation amortisation, at end of period 22,74,14,529 15,04,15,068
Impairment during period 0
Reversal of impairment during period 0
Accumulated impairment, at end of period 0 0
Accumulated depreciation amortisation impairment, at end of period 22,74,14,529 15,04,15,068
Net block, at end of period 30,25,27,754 37,10,47,819
Classes of assets [abstract]
Tangible assets, net [abstract]
Land and land improvements, net [abstract]
Land improvements, net [abstract]
Additions to land improvements, gross during period 0
Deductions in land improvements, gross during period 0
Land improvements, gross, at end of period 33,24,255 33,24,255
Depreciation land improvements during period 1,32,179 0
Deductions in depreciation land improvements during period 0
Other adjustments to depreciation land improvements during period 0
Accumulated depreciation land improvements, at end of period 8,12,864 6,80,685
Impairment land improvements during period 0
Reversal of impairment land improvements during period 0
Accumulated impairment land improvements, at end of period 0 0
Land improvements, net, at end of period 25,11,391 26,43,570
Land and land improvements, net 25,11,391 26,43,570
Plant machinery, net [abstract]
Additions to plant machinery, gross during period 0
Deductions in plant machinery, gross during period 0
Plant machinery, gross, at end of period 8,33,47,495 8,33,47,495
Depreciation plant machinery during period 71,04,424 0
Deductions in depreciation plant machinery during period 0
Other adjustments to depreciation plant machinery during period 0
Accumulated depreciation plant machinery, at end of period 3,93,77,698 3,22,73,274
Impairment plant machinery during period 0
Reversal of impairment plant machinery during period 0
Accumulated impairment plant machinery, at end of period 0 0
Plant machinery, net, at end of period 4,39,69,797 5,10,74,221
Equipments, net [abstract]
Office equipments, net [abstract]
Additions to office equipments, gross during period 29,65,975 0
Deductions in office equipments, gross during period 0
Office equipments, gross, at end of period 1,95,02,429 1,65,36,454
Depreciation office equipments during period 19,90,299 0
Deductions in depreciation office equipments during period 0
Other adjustments to depreciation office equipments during period 0
Accumulated depreciation office equipments, at end of period 99,01,195 79,10,896
Impairment office equipments during period 0
Reversal of impairment office equipments during period 0
Accumulated impairment office equipments, at end of period 0 0
Office equipments, net, at end of period 96,01,234 86,25,558
Computer equipments, net [abstract]
Additions to computer equipments, gross during period 86,85,543 0
Deductions in computer equipments, gross during period 4,73,200 0
Computer equipments, gross, at end of period 3,88,01,659 3,05,89,316

17
Depreciation computer equipments during period 48,39,387 0
Deductions in depreciation computer equipments during period 4,24,010 0
Other adjustments to depreciation computer equipments during
period
0
Accumulated depreciation computer equipments, at end of period 2,44,58,676 2,00,43,299
Impairment computer equipments during period 0
Reversal of impairment computer equipments during period 0
Accumulated impairment computer equipments, at end of period 0 0
Computer equipments, net, at end of period 1,43,42,983 1,05,46,017
Other equipments, net [abstract]
Additions to other equipments, gross during period 0
Deductions in other equipments, gross during period 0
Other equipments, gross, at end of period 57,31,184 57,31,184
Depreciation other equipments during period 4,43,171 0
Deductions in depreciation other equipments during period 0
Other adjustments to depreciation other equipments during period 0
Accumulated depreciation other equipments, at end of period 46,97,117 42,53,946
Impairment other equipments during period 0
Reversal of impairment other equipments during period 0
Accumulated impairment other equipments, at end of period 0 0
Other equipments, net, at end of period 10,34,067 14,77,238
Equipments, net 2,49,78,284 2,06,48,813
Furniture fixtures, net [abstract]
Additions to furniture fixtures, gross during period 23,83,556 0
Deductions in furniture fixtures, gross during period 0
Furniture fixtures, gross, at end of period 2,62,77,214 2,38,93,658
Depreciation furniture fixtures during period 23,70,402 0
Deductions in depreciation furniture fixtures during period 0
Other adjustments to depreciation furniture fixtures during period 0
Accumulated depreciation furniture fixtures, at end of period 1,60,81,880 1,37,11,478
Impairment furniture fixtures during period 0
Reversal of impairment furniture fixtures during period 0
Accumulated impairment furniture fixtures, at end of period 0 0
Furniture fixtures, net, at end of period 1,01,95,334 1,01,82,180
Vehicles, net [abstract]
Ships vessels, net [abstract]
Additions to ships vessels, gross during period 0
Deductions in ships vessels, gross during period 52,79,150 0
Ships vessels, gross, at end of period 28,65,42,602 29,18,21,752
Depreciation ships vessels during period 5,17,91,129 0
Deductions in depreciation ships vessels during period 0
Other adjustments to depreciation ships vessels during period 0
Accumulated depreciation ships vessels, at end of period 8,20,27,061 3,02,35,932
Impairment ships vessels during period 0
Reversal of impairment ships vessels during period 0
Accumulated impairment ships vessels, at end of period 0 0
Ships vessels, net, at end of period 20,45,15,541 26,15,85,820
Motor vehicles, net [abstract]
Additions to motor vehicles, gross during period 1,96,672 0
Deductions in motor vehicles, gross during period 0
Motor vehicles, gross, at end of period 1,39,76,678 1,37,80,006
Depreciation motor vehicles during period 22,53,986 0
Deductions in depreciation motor vehicles during period 0
Other adjustments to depreciation motor vehicles during period 0
Accumulated depreciation motor vehicles, at end of period 73,67,011 51,13,025
Impairment motor vehicles during period 0
Reversal of impairment motor vehicles during period 0
Accumulated impairment motor vehicles, at end of period 0 0
Motor vehicles, net, at end of period 66,09,667 86,66,981
Vehicles, net 21,11,25,208 27,02,52,801
Leasehold properties, net [abstract]
Leasehold plant machinery, net [abstract]
Intangible assets, net [abstract]
Computer software, net [abstract]
Additions to computer software, gross during period 0
Deductions in computer software, gross during period 0
Computer software, gross, at end of period 5,24,38,767 5,24,38,767
Amortisation computer software during period 64,98,494 0

18
Deductions in amortisation computer software during period 0
Other adjustments to amortisation computer software during period 0
Accumulated amortisation computer software, at end of period 4,26,91,027 3,61,92,533
Impairment computer software during period 0
Reversal of impairment computer software during period 0
Accumulated impairment computer software, at end of period 0 0
Computer software, net, at end of period 97,47,740 1,62,46,234

19
[100610] Schedule - Fixed assets, net-gross classification
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Gross block [abstract]
Tangible assets, gross [abstract]
Land and land improvements, gross [abstract]
Land improvements, gross 33,24,255 33,24,255
Land and land improvements, gross 33,24,255 33,24,255
Plant machinery, gross 8,33,47,495 8,33,47,495
Equipments, gross [abstract]
Office equipments, gross 1,95,02,429 1,65,36,454
Computer equipments, gross 3,88,01,659 3,05,89,316
Other equipments, gross 57,31,184 57,31,184
Equipments, gross 6,40,35,272 5,28,56,954
Furniture fixtures, gross 2,62,77,214 2,38,93,658
Vehicles, gross [abstract]
Ships vessels, gross 28,65,42,602 29,18,21,752
Motor vehicles, gross 1,39,76,678 1,37,80,006
Vehicles, gross 30,05,19,280 30,56,01,758
Tangible assets, gross 47,75,03,516 46,90,24,120
Intangible assets, gross [abstract]
Computer software, gross 5,24,38,767 5,24,38,767
Intangible assets, gross 5,24,38,767 5,24,38,767
Gross block 52,99,42,283 52,14,62,887
Accumulated depreciation amortisation [abstract]
Accumulated depreciation on tangible assets [abstract]
Accumulated depreciation land and land improvements [abstract]
Accumulated depreciation land improvements 8,12,864 6,80,685
Accumulated depreciation land and land improvements 8,12,864 6,80,685
Accumulated depreciation plant machinery 3,93,77,698 3,22,73,274
Accumulated depreciation equipments [abstract]
Accumulated depreciation office equipments 99,01,195 79,10,896
Accumulated depreciation computer equipments 2,44,58,676 2,00,43,299
Accumulated depreciation other equipments 46,97,117 42,53,946
Accumulated depreciation equipments 3,90,56,988 3,22,08,141
Accumulated depreciation furniture fixtures 1,60,81,880 1,37,11,478
Accumulated depreciation vehicles [abstract]
Accumulated depreciation ships vessels 8,20,27,061 3,02,35,932
Accumulated depreciation motor vehicles 73,67,011 51,13,025
Accumulated depreciation vehicles 8,93,94,072 3,53,48,957
Accumulated depreciation tangible assets 18,47,23,502 11,42,22,535
Accumulated amortisation on intangible [abstract]
Accumulated amortisation computer software 4,26,91,027 3,61,92,533
Accumulated amortisation intangible assets 4,26,91,027 3,61,92,533
Accumulated depreciation amortisation 22,74,14,529 15,04,15,068
Accumulated impairment [abstract]
Accumulated impairment on tangible assets [abstract]
Accumulated impairment land and land improvements [abstract]
Accumulated impairment land improvements 0 0
Accumulated impairment Land and land improvement 0 0
Accumulated impairment plant machinery 0 0
Accumulated impairment equipments [abstract]
Accumulated impairment office equipments 0 0
Accumulated impairment computer equipments 0 0
Accumulated impairment other equipments 0 0
Accumulated impairment equipments 0 0
Accumulated impairment furniture fixtures 0 0
Accumulated impairment vehicles [abstract]
Accumulated impairment ships vessels 0 0
Accumulated impairment motor vehicles 0 0
Accumulated impairment vehicles 0 0
Accumulated impairment tangible assets 0 0

20
Accumulated impairment on intangible assets [abstract]
Accumulated impairment computer software 0 0
Accumulated impairment intangible assets 0 0
Accumulated impairment 0 0
Accumulated depreciation amortisation impairment 22,74,14,529 15,04,15,068
Tangible assets, net [abstract]
Land and land improvements, net [abstract]
Land improvements, net 25,11,391 26,43,570
Land and land improvements, net 25,11,391 26,43,570
Plant machinery, net 4,39,69,797 5,10,74,221
Equipments, net [abstract]
Office equipments, net 96,01,234 86,25,558
Computer equipments, net 1,43,42,983 1,05,46,017
Other equipments, net 10,34,067 14,77,238
Equipments, net 2,49,78,284 2,06,48,813
Furniture fixtures, net 1,01,95,334 1,01,82,180
Vehicles, net [abstract]
Ships vessels, net 20,45,15,541 26,15,85,820
Motor vehicles, net 66,09,667 86,66,981
Vehicles, net 21,11,25,208 27,02,52,801
Tangible assets, net 29,27,80,014 35,48,01,585
Intangible assets, net [abstract]
Computer software, net 97,47,740 1,62,46,234
Intangible assets, net 97,47,740 1,62,46,234
Net block 30,25,27,754 37,10,47,819
Additions to gross block during period [abstract]
Additions to tangible assets, gross during period [abstract]
Additions to land and land improvements, gross during period [abstract]
Additions to land improvements, gross during period 0
Additions to Land and land improvements, gross during period 0
Additions to plant machinery, gross during period 0
Additions to equipments, gross during period [abstract]
Additions to office equipments, gross during period 29,65,975 0
Additions to computer equipments, gross during period 86,85,543 0
Additions to other equipments, gross during period 0
Additions to equipments, gross during period 1,16,51,518 0
Additions to furniture fixtures, gross during period 23,83,556 0
Additions to vehicles, gross during period [abstract]
Additions to ships vessels, gross during period 0
Additions to motor vehicles, gross during period 1,96,672 0
Additions to vehicles, gross during period 1,96,672 0
Additions to tangible assets, gross during period 1,42,31,746 0
Additions to intangible assets, gross during period [abstract]
Additions to computer software, gross during period 0
Additions to intangible assets, gross during period 0
Additions to, gross block during period 1,42,31,746 0
Deductions in gross block during period [abstract]
Deductions in tangible assets, gross during period [abstract]
Deductions in land and land improvements, gross during period [abstract]
Deductions in land improvements, gross during period 0
Deductions in Land and land improvements, gross during period 0
Deductions in plant machinery, gross during period 0
Deductions in equipments, gross during period [abstract]
Deductions in office equipments, gross during period 0
Deductions in computer equipments, gross during period 4,73,200 0
Deductions in other equipments, gross during period 0
Deductions in equipments, gross during period 4,73,200 0
Deductions in furniture fixtures, gross during period 0
Deductions in vehicles, gross during period [abstract]
Deductions in ships vessels, gross during period 52,79,150 0
Deductions in motor vehicles, gross during period 0
Deductions in vehicles, gross during period 52,79,150 0
Deductions in tangible assets, gross during period 57,52,350 0
Deductions in intangible assets, gross during period [abstract]
Deductions in computer software, gross during period 0
Deductions in intangible assets, gross during period 0
Deductions in, gross block during period 57,52,350 0
Depreciation amortisation during period [abstract]

21
Depreciation tangible assets during period [abstract]
Depreciation land and land improvements during period [abstract]
Depreciation land improvements during period 1,32,179 0
Depreciation land and land improvements during period 1,32,179 0
Depreciation plant machinery during period 71,04,424 0
Depreciation equipments during period [abstract]
Depreciation office equipments during period 19,90,299 0
Depreciation computer equipments during period 48,39,387 0
Depreciation other equipments during period 4,43,171 0
Depreciation equipments during period 72,72,857 0
Depreciation furniture fixtures during period 23,70,402 0
Depreciation vehicles during period [abstract]
Depreciation ships vessels during period 5,17,91,129 0
Depreciation motor vehicles during period 22,53,986 0
Depreciation vehicles during period 5,40,45,115 0
Depreciation tangible assets during period 7,09,24,977 0
Amortisation intangible assets during period [abstract]
Amortisation computer software during period 64,98,494 0
Amortisation intangible assets during period 64,98,494 0
Depreciation amortisation during period 7,74,23,471 0
Deductions in depreciation amortisation during period [abstract]
Deductions in depreciation tangible assets during period [abstract]
Deductions in depreciation land and land improvements during period
[abstract]
Deductions in depreciation land improvements during period 0
Deductions in depreciation land and land improvements during period 0
Deductions in depreciation plant machinery during period 0
Deductions in depreciation equipments during period [abstract]
Deductions in depreciation office equipments during period 0
Deductions in depreciation computer equipments during period 4,24,010 0
Deductions in depreciation other equipments during period 0
Deductions in depreciation equipments during period 4,24,010 0
Deductions in depreciation furniture fixtures during period 0
Deductions in depreciation vehicles during period [abstract]
Deductions in depreciation ships vessels during period 0
Deductions in depreciation motor vehicles during period 0
Deductions in depreciation vehicles during period 0
Deductions in depreciation tangible assets during period 4,24,010 0
Deductions in amortisation intangible assets during period [abstract]
Deductions in amortisation computer software during period 0
Deductions in amortisation intangible assets during period 0
Deductions in depreciation amortisation during period 4,24,010 0
Other adjustments to depreciation amortisation during period [abstract]
Other adjustments to depreciation tangible assets during period [abstract]
Other adjustments to depreciation land and land improvements during
period [abstract]
Other adjustments to depreciation land improvements during period 0
Other adjustments to depreciation land and land improvements during
period
0
Other adjustments to depreciation plant machinery during period 0
Other adjustments to depreciation equipments during period [abstract]
Other adjustments to depreciation office equipments during period 0
Other adjustments to depreciation computer equipments during period 0
Other adjustments to depreciation other equipments during period 0
Other adjustments to depreciation equipments during period 0
Other adjustments to depreciation furniture fixtures during period 0
Other adjustments to depreciation vehicles during period [abstract]
Other adjustments to depreciation ships vessels during period 0
Other adjustments to depreciation motor vehicles during period 0
Other adjustments to depreciation vehicles during period 0
Other adjustments to depreciation tangible assets during period 0
Other adjustments to amortisation intangible assets during period
[abstract]
Other adjustments to amortisation computer software during period 0
Other adjustments to amortisation intangible assets during period 0
Other adjustments to depreciation amortisation during period 0
Impairment during period [abstract]
Impairment tangible assets during period [abstract]
Impairment land and land improvements during period [abstract]
Impairment land improvements during period 0

22
Impairment land and land improvements during period 0
Impairment plant machinery during period 0
Impairment equipments during period [abstract]
Impairment office equipments during period 0
Impairment computer equipments during period 0
Impairment other equipments during period 0
Impairment equipments during period 0
Impairment furniture fixtures during period 0
Impairment vehicles during period [abstract]
Impairment ships vessels during period 0
Impairment motor vehicles during period 0
Impairment vehicles during period 0
Impairment tangible assets during period 0
Impairment intangible assets during period [abstract]
Impairment computer software during period 0
Impairment intangible assets during period 0
Impairment during period 0
Reversal of impairment during period [abstract]
Reversal of impairment tangible assets during period [abstract]
Reversal of impairment land and land improvements during period
[abstract]
Reversal of impairment land improvements during period 0
Reversal of impairment land and land improvements during period 0
Reversal of impairment equipments during period [abstract]
Reversal of impairment office equipments during period 0
Reversal of impairment computer equipments during period 0
Reversal of impairment other equipments during period 0
Reversal of impairment equipments during period 0
Reversal of impairment furniture fixtures during period 0
Reversal of impairment vehicles during period [abstract]
Reversal of impairment ships vessels during period 0
Reversal of impairment motor vehicles during period 0
Reversal of impairment vehicles during period 0
Reversal of impairment tangible assets during period 0
Reversal of impairment intangible assets during period [abstract]
Reversal of impairment computer software during period 0
Reversal of impairment intangible assets during period 0
Reversal of impairment during period 0
[100700] Schedule - Investments
31/03/2011 31/03/2010
Investments, net [abstract]
Investments, net 0 0
[100800] Schedule - Sundry debtors
31/03/2011 31/03/2010
Sundry debtors [abstract]
Sundry debtors, gross [abstract]
Debtors exceeding six months [abstract]
Debtors considered good exceeding six months unsecured 0 9,00,00,000
Debtors exceeding six months 0 9,00,00,000
Debtors within six months [abstract]
Debtors considered good within six months unsecured 5,81,14,685 7,49,75,668
Debtors within six months 5,81,14,685 7,49,75,668
Sundry debtors, gross 5,81,14,685 16,49,75,668
Provision doubtful debts 0 0
Sundry debtors 5,81,14,685 16,49,75,668

23
[100900] Schedule - Cash and bank balances
31/03/2011 31/03/2010
Cash bank balance [abstract]
Cash balance hand [abstract]
Cash hand 1,35,577 2,33,560
Cash balance hand 1,35,577 2,33,560
Bank balances [abstract]
Balance scheduled banks [abstract]
Balance scheduled banks current account 4,97,99,731 2,17,75,227
Balance scheduled banks other account 0 9,50,000
(A)
Balance scheduled banks 4,97,99,731 2,27,25,227
Bank balances 4,97,99,731 2,27,25,227
Cash bank balance 4,99,35,308 2,29,58,787
Footnotes
(A) Balance scheduled banks other account represents- Margin Money Account
[101000] Schedule - Inventories
31/03/2011 31/03/2010
Inventories [abstract]
Inventories finished goods [abstract]
Inventories finished goods traded 3,69,46,482 0
Inventories finished goods 3,69,46,482 0
Inventories 3,69,46,482 0
[101200] Schedule - Loans and advances
31/03/2011 31/03/2010
Loans advances [abstract]
Unsecured loans advances [abstract]
Unsecured loans advances value be received 140,36,91,527
(A) 9,67,74,594
Unsecured loans advances 140,36,91,527 9,67,74,594
Advance tax paid [abstract]
Other advance taxes 41,89,874
(B) 32,88,953
(C)
Advance tax paid 41,89,874 32,88,953
Other loans advances 13,80,362
(D) 12,46,096
(E)
Provision for doubtful loans and advances 2,02,31,557 6,37,217
Loans advances 138,90,30,206 10,06,72,426
Footnotes
(A) ( Including doubtful advance of Rs.20231557/- P.Y. Rs.637217/-)
(B) Other Advance tax represents Advance Payment of Taxes.
(C) Other Advance tax represents Advance Payment of Taxes.
(D) Other loans advances represents Balances with Government Authorities & Interest Accrued but not Due.
(E) Other loans advances represents Balances with Government Authorities & Interest Accrued but not Due.

24
[101300] Schedule - Current liabilities
31/03/2011 31/03/2010
Current liabilities [abstract]
Sundry creditors [abstract]
Creditors due small micro enterprises 0 0
Creditors due others 132,80,83,593 2,34,36,936
Sundry creditors 132,80,83,593 2,34,36,936
Short-term borrowings [abstract]
Bank overdraft 3,68,65,402 0
Short-term borrowings 3,68,65,402 0
Customer other advances [abstract]
Other advance received 5,15,24,380 2,59,20,105
Customer other advances 5,15,24,380 2,59,20,105
Deposit liabilities [abstract]
Public deposit payable current 0 0
Deposit liabilities 0 0
Other current liabilities 10,80,19,727 2,13,37,950
Current liabilities 152,44,93,102
(A) 7,06,94,991
(B)
Footnotes
(A) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
(B) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
[101400] Schedule - Provisions
31/03/2011 31/03/2010
Provisions [abstract]
Provision employees related liabilities [abstract]
Provision leave encashment 1,93,20,103 1,47,62,720
Provision other employee related liabilities 8,54,167 3,80,659
Provision employees related liabilities 2,01,74,270 1,51,43,379
Provisions 2,01,74,270
(A) 1,51,43,379
(B)
Footnotes
(A) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
(B) As per the Audited Balance Sheet, Current liabilities & Provisions is numbered as Schedule 9 but as per the Taxonomy
[101500] Schedule - Miscellaneous Expenditure Not Written Off
31/03/2011 31/03/2010
Miscellaneous expenditure not written off [abstract]
Miscellaneous expenditure not written off 0 0

25
[101600] Additional Details - Balance Sheet
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Additional information relating to balance sheet items
Additional information regarding share capital [abstract]
Breakup of equity capital [abstract]
Percentage of equity shares held up by other body corporates 100.00% 100.00%
Details of deposits [abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Interest on deposits accrued and due but not paid 0 0
Unpaid dividend 0 0

26
[400100] Notes - Accounting policies and basis of presentation
01/04/2010
to
31/03/2011
Disclosure of accounting policies and
basis of presentation [text block]
Disclosure of basis of presentation [text
block]
Disclosure of significant accounting
policies [text block]
Income statement policies
Revenue recognition policies
Revenue recognition policy
rendering of services
Income from services is recognized as and when the services are rendered.
Revenue recognition policy interest
income
Interest revenues are recognized on time proportion basis taking into account the amount outstanding and the
rate applicable.
Revenue computation method Textual information (26) [See below]
Employee benefits policies
Termination retirement benefit
plan policies
Defined contribution plan
policies
Provident fund pension fund
policy
The Company contributes towards provident fund and pension fund, which is administered by Central
Government.
Superannuation fund other
defined contribution plan policies
Defined benefit plan policies
Leave entitlement encashment
policy
Gratuity fund other defined
benefit plan policy
Other termination retirement
benefits
Termination benefits, if any are recognized as expenses as and when incurred
Income tax policy
Current tax policy
Provision for taxation has been made in accordance with the income tax laws prevailing for the relevant
assessment years.
Deferred tax policy Textual information (30) [See below]
Assets and liabilities related policies Textual information (31) [See below]
Fixed asset policies
Fixed Assets are stated at cost of acquisition including any attributable cost for bringing the assets to its working
condition for its intended use, less accumulated depreciation.
Capitalisation borrowing cost
Recognition of capitalisation cost
in fixed assets policy
Impairment of assets policies
Recognition of impairment of
assets policy
Impairment loss charging policy Textual information (34) [See below]
Reversal of impairment loss policy
An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable
amount and is recognised in the profit and loss account.
Depreciation policy
Method used for depreciation
policy
Depreciation on partially used
assets policy
Depreciation on Fixed Assets acquired / disposed off during the year is provided on pro-rata basis with reference
to the date of addition/ disposal
Inventories policies
Inventories are valued at cost, computed on moving weighted average method. The stores and spares required
for replacement are charged to revenue as and when they are
Other policies
Contingent assets and liabilities
policy
Non- recognition of contingent
assets statement
Contingent Assets are neither recognized nor disclosed in the financial statements.
Contingent liabilities policy
statement disclosure
Recognition and valuation of
estimated contracts remaining to be
executed
Estimated amount of contract remaining to be executed on capital account and not provided for Rs NIL
(Previous Year Rs. NIL).
Claims related policies Textual information (37) [See below]
Foreign currency transactions
policies

27
Foreign currency rates on initial
recognition of transaction
Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the
transaction
Effect of exchange difference on
settlement conversion policy
Exchange difference relating to Fixed Assets has been adjusted in the carrying cost of the assets. Any other
exchange differences have been dealt with in the profit and loss account
Foreign currency translation policy
Translation rate determination of
monetary items into foreign
currency
At the year-end, monetary items denominated in foreign currencies, other than those covered by forward
contracts, have been converted into rupee equivalents at the year-end exchange rates.
Leases policies
Leasing policy classification Textual information (38) [See below]
Segment reporting policy Textual information (39) [See below]
Related party disclosures policy Textual information (40) [See below]
Earnings per share policy
The Company reports basic and diluted earnings per share (EPS) in accordance with Accounting Standard-20
prescribed by Companies [Accounting Standards] Rules, 2006.
Basis of calculating basic earnings
per share policy
The Basic EPS has been computed by dividing the income available to equity shareholders by the weighted
average number of equity shares outstanding during the accounting year.
Disclosure of basis of presentation [text block]
Basis of Preparation of Financial Statements
The financial statements have been prepared to comply in all material respects with the Notified Accounting Standards by Companies
Accounting Rules, 2006 and the relevant provisions of Companies Act, 1956. The financial statements have been prepared under the
historical cost convention on an accrual basis. The accounting policies have been consistently applied by the company and are consistent with
those used in the previous year.
Use of Estimates
The preparation of financial statements in conformity with the generally accepted accounting principles (GAAP) requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date
of financial statements. Although these estimates are based upon management’s best knowledge of current events and actions, actual result
could differ from these estimates.
Revenue computation method
Revenue from Engineering, Procurement & Construction contract (Service Component), which is a fixed price contract, is recognized using
the percentage of completion method. Percentage of completion is determined as a proportion of cost of work performed-to-date to the total
estimated contract cost
Superannuation fund other defined contribution plan policies
Expenses towards superannuation are charged to the profit and loss account on accrual basis. The company has taken an insurance policy
under the Group Superannuation Scheme with the Life Insurance Corporation of India (LIC) to cover the superannuation liability.
Leave entitlement encashment policy
Short-term compensated absences are provided for based on estimates. Long term compensated absences are provided for based on an
actuarial valuation as at the balance sheet date, using projected unit credit method.
Gratuity fund other defined benefit plan policy
Gratuity liability is defined obligation and is provided for on the basis of an actuarial valuation on projected unit credit method made at the
end of each financial year. The company has taken an insurance policy under the Group Gratuity Scheme with the Life Insurance Corporation
of India (LIC) to cover the gratuity liability.

28
Deferred tax policy
In accordance with the Accounting Standard 22 – Accounting for Taxes on Income, prescribed by Companies [Accounting Standards] Rules,
2006, the deferred tax for timing differences between the book and tax profits for the year is accounted for by using the tax rates and laws
that have been enacted or substantively enacted as of the Balance Sheet Date. Deferred tax assets arising from timing differences are
recognised to the extent there is virtual certainty that the assets can be realised in future. Net outstanding balance in Deferred Tax account is
recognized as deferred tax liability/asset. The deferred tax account is used solely for reversing timing differences as and when crystallized
Assets and liabilities related policies
Sundry Creditors, Receivables, and Loans and Advances include certain items for which confirmations are yet to be received. Provision for
doubtful debts, if any, in respect of the above and the consequential adjustment, arising out of reconciliation will be made at the appropriate
time. In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary
course of business, unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered
reasonably necessary
Recognition of capitalisation cost in fixed assets policy
Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A
qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are charged to
revenue.
Recognition of impairment of assets policy
The carrying amount of assets, other than inventories, is reviewed at each balance sheet date to determine whether there is any indication of
impairment. If any such indication exists, the assets recoverable amount is estimated
Impairment loss charging policy
The impairment loss is recognised whenever the carrying amount of an asset or its cash generation unit exceeds its recoverable amount. The
recoverable amount is the greater of the asset’s net selling price and value in the uses which is determined based on the estimated future cash
flow discounted to their present values. All impairment losses are recognised in the profit and loss account.
Method used for depreciation policy
Depreciation on Fixed Assets has been provided on written down value method at rates and in the manner specified in Schedule XIV to the
Companies Act, 1956 read with the relevant circulars issued by the Department of Company Affairs. Individual assets costing less than Rs.
5000/- are fully depreciated in the year of purchase.
Contingent liabilities policy statement disclosure
Contingent Liabilities not provided for include certain claims / show cause notices received from Joint Commissioner of Service Tax,
Ahmedabad amounting Rs. 53,57,303/- (Previous Year Rs. 53,57,303/-) have neither been considered as debts nor acknowledged as claims
based on the opinions obtained from internal evaluation – The CESTAT has granted stay in favour of the company and has remanded back
the matter to the Superintendent of Service Tax to decide the matter afresh.

29
Claims related policies
Claims received are accounted at the time of lodgment depending on the certainty of receipt and claims payable are accounted at the time of
acceptance. Claims raised by government authorities regarding taxes & duties which are disputed by the company are accounted based on
legality of each claims, adjustments, if any, are made in the year in which disputes are fully settled. Insurance claims and other claims to the
extant considered recoverable are accounted for in the year of claims based on the amount assessed by the surveyor. However. Claims and
refunds whose recovery cannot be ascertained with reasonable certainty are accounted for on acceptance /actual receipts basis.
Leasing policy classification
The Company’s significant leasing arrangements are in respect of operating leases for premises (residential, office, stores, etc.). The leasing
arrangements which are not cancelable range between 11 months and five years generally, and are usually renewable by mutual consent on
agreed terms. The aggregate lease rentals payable are charged as rent including lease rentals.
Segment reporting policy
The company is engaged in Construction and Consulting Engineering, Procurement and Sales of Equipments & Material for Transmission
line & Sub Station and dredging related services. The entire business has been considered as a single segment in terms of Accounting
Standard 17 “Segment Reporting” prescribed by Companies [Accounting Standards] Rules, 2006. There being no business outside India, the
entire business has been considered as single geographic segment.
Related party disclosures policy
Disclosure of transactions with Related Parties, as required by Accounting Standard 18 “Related Party Disclosures” has been set out in a
separate note forming part of this Schedule. Related parties as defined under clause 3 of the Accounting Standard 18 have been identified on
the basis of representations made by key managerial personnel and information available with the Company.
[400800] Notes - Employee Benefits
01/04/2010
to
31/03/2011
Disclosure of employee benefits [text block] Textual information (41) [See below]
Expenses recognized in profit loss statement Expenses are net of taxes recoverable, where applicable.

30
Disclosure of employee benefits [text block]
The Company has a defined gratuity plan. Every employee gets a gratuity on departure at 15 days basic salary for each completed year of
service. The scheme is fully funded with Life Insurance Company of India (LIC) in the form of qualifying insurance policy.
The following table’s summaries the components of net benefit expenses recognized in the profit and loss account and the amounts
recognized in the balance sheet.
(i) Contribution to Defined Contribution Plan, recognized as expenses for the year are as under
(Amount in Rupees)
Particulars 2010-11 2009-10
Employer’s Contribution to Provident Fund 14,971,214 11,150,402
Employer’s Contribution to Super Annuation Fund 854,167 380,659
Employer’s Contribution to Pension Fund 3,746,997 3,046,297
(ii) Contribution to Defined Benefit Plan is as under
(A) Net employees benefit expenses recognized in the profit and loss account :
(Amount in Rupees)
Particulars As At 31-03-2011 As At 31-03-2010
Gratuity Leave Encashment Gratuity Leave Encashment
Current Service Cost 4,360,353 2,376,351 4,019,517 1,741,791
Interest cost on benefit obligation 815,547 1,181,018 584,507 963,570
Expected return on plan assets (965,932) - (667,103) -
Net actuarial loss recognized in the year 520,220 3,398,977 (2,187,977) 1,645,298
Past service cost 463,698 - - -

31
Net benefit expenses 4,730,188 6,956,346 1,748,944 4,350,659
(B) Details of defined benefit obligation :
(Amount in Rupees)
Present value of funded obligation 14,574,184 14,762,720 10,194,336 1,23,53,464
Fair value of plan assets (15,811,105) - (12,074,151) -
Present value of unfunded obligations - 4,557,384 - 24,09,456
Plan Liability (1,236,921) 19,320,104 (1,879,815) 1,47,62,720
(C) Changes in the present value of the defined obligation are as follows:
(Amount in Rupees)
Opening defined benefit obligation 10,194,336 14,762,720 7,493,680 12,353,464
Interest Cost 815,547 1,181,018 584,507 963,570
Current Service Cost 4,360,353 2,376,351 4,019,517 1,741,791
Benefits paid 1,628,581 2,398,962 - 1,941,403
Actuarial Losses on obligation 832,529 3,398,977 (1,903,368) 1,645,298
Closed defined benefit obligation 14,574,184 19,320,104 10,194,336 14,762,720
(D) Changes in the Fair Value of Plan Assets
(Amount in Rupees)
Particulars
As At
31-03-2011
As At
31-03-2010
Gratuity Gratuity

32
Fair value of plans assets at beginning of the year 12,074,151 8,894,713
Add: Expected return on plan assets 965,932 667,103
Add: Actuarial gain 312,309 284,609
Add: Contributions 4,087,294 2,227,726
Less: Benefits paid -1,628,581
Net being fair value of plans assets at end of the year 15,811,106 12,074,151
(E) The principal assumptions used in determining defined benefit obligation are shown below:
Discount rate 8.25% 8.25% 8.00% 8.00%
Expected rate of return on plan assets 8.25% - 8.00% -
Salary escalation rate 6.50% 6.50% 6.50% 6.50%
[401000] Notes - Related Parties
01/04/2010
to
31/03/2011
Disclosure of related parties [text block] Textual information (42) [See below]

33
Disclosure of related parties [text block]
Pursuant to the Accounting Standard (AS- 18) – Related Party Transactions, the disclosure relating to transactions entered into with related
parties at arms length basis by the company, as identified by the management are disclosed as under.
i) List of related parties and description of relationship
Controlling Company Gudami International (Mauritius) Limited
Key Management Personnel
Shri Bala Subramaniam
Shri A. M. Uplenchwar
Shri.Col.Vinod George
01/04/2010 to 31/03/2011
Details of related party transactions
1
Name of related party
Arvind Murlidhar
Uplenchwar
Country of incorporation or residence of related party INDIA
Permanent account number of related party AAAPU0053F
Nature of issuing authority in country of incorporation or residence Indian
Description of nature of related party relationship Key Management Personnel
Details of amount and nature of related party transactions Table [1] [See Below]
Outstanding balances for related party transaction 0
Explanation of terms and conditions of outstanding balances for related party transaction NA
Explanation of details of guarantees given or received of outstanding balances for related party
transaction
NA
Provisions for doubtful debts related to outstanding balances of related party transaction 0
Expense recognised during period for bad and doubtful debts for related party transaction 0
Table [1]
Details of amount and nature of related party transactions
1
Description of related party transaction Remuneration
Amount of related party transaction 1,03,64,376

34
01/04/2009 to 31/03/2010
Details of related party transactions
1 2
Name of related party
Arvind Murlidhar
Uplenchwar
Malay Mahadevia
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AAAPU0053F AELPM9382E
Nature of issuing authority in country of incorporation or residence Indian Indian
Description of nature of related party relationship
Key Management
Personnel
Key Management
Personnel
Details of amount and nature of related party transactions Table [1] [See Below] Table [2] [See Below]
Outstanding balances for related party transaction 0 0
Explanation of terms and conditions of outstanding balances for related party
transaction
NA
Explanation of details of guarantees given or received of outstanding balances for
related party transaction
NA
Provisions for doubtful debts related to outstanding balances of related party
transaction
0 0
Expense recognised during period for bad and doubtful debts for related party
transaction
0 0
Table [1]
1
Amount of related party transaction 84,00,000
Table [2]
1
Amount of related party transaction 9,33,334

35
[401200] Notes - Earnings Per Share
01/04/2010
to
31/03/2011
01/04/2009
to
31/03/2010
Disclosure of earnings per share [text block]
Basic Earning Per Share
Current Year : 9.86
Previous Year : 22.25
Net profit loss attributable to equity
shareholders basic
3,11,07,746 7,01,60,674
Net profit for basic earnings per share 3,11,07,746 7,01,60,674
Details of number of shares used for basic
earnings per share
No of Weighted Average Equity Shares Outstanding During the year for basic EPS. Current Year
: 31,53,861 Previous Year : 31,53,861
Net profit loss attributable to equity
shareholders diluted
3,11,07,746 7,01,60,674
Net profit for current year for diluted
earnings per share
3,11,07,746 7,01,60,674
Details of number of potentially dilutive
shares
No of Weighted Average Equity Shares Outstanding During the year for basic EPS. Current Year
: 31,53,861 Previous Year : 31,53,861
[401400] Notes - Deferred Tax Assets and Liabilities
31/03/2011 31/03/2010
Disclosures of deferred tax assets and liabilities [text block]
Deferred tax asset [abstract]
Deferred tax asset employee benefits 83,65,134 26,86,949
Deferred tax asset other 0 1,96,900
Deferred tax asset 83,65,134 28,83,849
Deferred tax liability [abstract]
Deferred tax liability depreciation 1,90,61,931 2,29,94,995
Deferred tax liability 1,90,61,931 2,29,94,995
[401410] Notes - Net Deferred Tax Assets
31/03/2011 31/03/2010
Net deferred tax assets [abstract]
[401420] Notes - Net Deferred Tax Liabilities
31/03/2011 31/03/2010
Net deferred tax liabilities [abstract]
Net deferred tax liability 1,06,96,797
(A) 2,01,11,146
(B)

36
Footnotes
(A) As Per audited Net Deferred Tax liabiliy has no Schedule , but as per the Taxonomy prescribed by MCA all these expenses are
(B) As Per audited Net Deferred Tax liabiliy has no Schedule , but as per the Taxonomy prescribed by MCA all these expenses are
[401900] Notes - Impairment of Assets
01/04/2010
to
31/03/2011
Disclosure of impairment of assets [text block]
Class of assets impaired Textual information (43) [See below]
Class of assets impaired
Management has carried out a review, of the carrying value of assets as March 31, 2011 in accordance with the provisions of Accounting
Standard – 28 Impairment of Assets. Based on this review, the management is of the opinion, that there are no impairment indicators that
necessitate any adjustments to the carrying value of the assets.
[402000] Notes - Provisions and Contingencies
01/04/2010
to
31/03/2011
Disclosure of contingent liabilities and provisions [text block]
Disclosure of contingent liabilities [text block] Contingent liabilities are not recognized but are disclosed in Notes
Disclosure of provisions [text block] Textual information (44) [See below]
Disclosure of provisions [text block]
A provision is recognized when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value
and are determined based on best management estimate required to settle the obligation at the balance sheet date. These are reviewed at each
balance sheet date and adjusted to reflect the current best management estimates
[402100] Notes - Cash flow statement and balances
01/04/2010
to
31/03/2011
Disclosures of cash flow statement and balances [text block] Textual information (45) [See below]
Disclosures of cash flow statement and balances [text block]
Cash flow statement has been prepared under indirect method as per Accounting Standard -3 “Cash Flow Statement” prescribed by
Companies [Accounting Standards] Rules, 2006

37
[402200] Notes - Due to micro, medium and small enterprises
01/04/2010
to
31/03/2011
Disclosure of amount due to micro medium and small enterprises [text block] Textual information (46) [See below]
Disclosure of amount due to micro medium and small enterprises [text block]
Management represents that, based on the information available; the company has not been informed by any supplier of being covered under
the Micro, Small and Medium Enterprises Development Act 2006. As a result, no interest provision or payments have been made by the
Company to such suppliers, if any and no related disclosures are made in these accounts
[402500] Notes - Other Disclosures
01/04/2010
to
31/03/2011
Other disclosures [text block] Textual information (47) [See below]

38
Other disclosures [text block]
The company was incorporated on 3 May, 2005 vide Company Registration No. U4520GJ2005PTC45974 and is mainly engaged in
rd
Construction and Consulting Engineering, Procurement and Sales of Equipments & Material for Transmission line & Sub Station and
dredging related services During the year the company purchased and sold the following non trade Investment.: (Amount in Rupees)
Sr.No. Description No.of Units Purchase(Rs.) Sales(Rs.)
1 Axis Liquid Fund - Institutional Growth 194,987.962.000 195,000,000 195,000,000
2 HDFC Liquid Fund - Premium Plan - Growth 15,827,588.250 190,000,000 190,000,000
3 Birla Sun Life Cash Puls - Institutional Growth 13,329,076.203 135,000,000 135,000,000
In accordance with the Accounting Standard 22, the deferred tax Assets of Rs. 94,14,349/- (Previous Year Deferred Tax liability Rs.
1,46,75,989/-) for the year has been recognized in the Profit & Loss Account. Quantitative information pursuant to para 3 (i) (a) and 3 (ii) (b)
of part of schedule VI is not being disclosed in terms of General Exemption granted by the ministry of Company Affairs, Government of
India Notification No.S.O.301 ( E ) dated 8 February 2011
th Previous year’s figures have been recast, regrouped and re-arranged wherever
necessary to conform to this year’s classification. Further the figures have been rounded off to the Nearest rupee Balance Sheet Abstract
and Company's General Business Profile
I. Registration Details:-
Registration No. : U45202GJ2005PTC45974
State Code : 04
Balance Sheet Date : 31-03-2011
II.
Capital Raised during the year:
(Amount in Rs. Thousands)
Public Issue - NIL Right Issue - NIL
Bonus Issue - NIL Private Placement - NIL
III. Position of Mobilisation and Deployment of Funds(Amount in Rs. Thousands)
Total Liabilities : 2,91,887
Total Assets : 2,91,887
Sources of Funds:
Paid –up Capital : 31,538
Share Application Money : -
Reserves & Surplus : 2,49,652

39
Secured Loans : -
Unsecured Loans : -
Deferred Tax Liability : 10.697
Application of Funds:
Net Fixed Assets : 3,02,528
Expenditure During Construction Period : -
Investments : -
Net Current Assets : -10,641
Miscellaneous Expenditure : -
Accumulated Losses : -
IV. Performance of Company (Amount in Rs. Thousands)
Turnover(Including other Income) : 32,69,370
Total expenditure : 32,10,362
Profit/(Loss) before tax : 59,008
Profit/(Loss) after tax : 31,108
Earning per share (Rs.) : 9.86
Dividend Rate % : Nil
V Generic Names of Three Principal products/services of Company (as per monetary terms)
Item Code No. (ITC Code) NA
Product Description Dredging
Item Code No. (ITC Code) NA
Product Description Consultancy Services
Item Code No. (ITC Code)

40
Product Description

PMC Projects 2011 Annual Report.pdf

PMC Projects 2011 Annual Report.pdf

PMC Projects 2011 Annual Report.pdf

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