The Path of Prudence

Kotak Mahindra Prime Limited

ANNUAL REPORT 2008 - 2009

BOARD OF DIRECTORS: MR. Uday Kotak (C), MR. Dipak Gupta, MR. C. Jayaram, MS. Shanti Ekambaram, MR. MOHAN SHENOI, MR. Jaimin Bhatt, MR. ARVIND KATHPALIA

Directors’ Report
To the Members of Kotak Mahindra Prime Limited The Directors present their Thirteenth Annual Report together with audited accounts of your Company for the year ended 31st March 2009. 1. FINANCIAL RESULTS Rupees in Lakhs 31st March 2009 Gross Income Profit before Depreciation and Tax Depreciation Profit before Tax Provision for Tax Profit after Tax Balance of Profit from previous years Amount available for appropriation Appropriations: Special Reserve u/s 45IC of the RBI Act, 1934 Surplus carried forward to the Balance Sheet 2. 3. DIVIDEND With a view to conserve your Company’s resources, the Directors do not recommend any Dividend (Previous Year: Nil). DEBENTURES Pursuant to circulars issued by the Securities and Exchange Board of India and the Reserve Bank of India, the Company has listed all debentures issued, having maturity of greater than 364 days on the Bombay Stock Exchange Limited under a Information Memorandum. The Company has appointed M/s. IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17R Kamani Marg, Ballard Estate, Mumbai 400 001 as Debenture Trustees to the issues. CAPITAL ADEQUACY The Capital to Risk Assets Ratio (CRAR) of your Company as on 31st March 2009 was at 15.54%. CREDIT RATING The Company’s short-term borrowing program from CRISIL, continued to enjoy the highest rating of “P1+”. The long-term borrowings are rated by ICRA Limited and continue to be rated “LAA”. ICRA’s assessment of your Company’s risk profile strengthens the confidence placed by a large pool of investors in your Company. Further the Tier II Subordinated Debts are dual rated also by CRISIL with a rating of “AA”. P1+ indicates very strong degree of safety with regard to timely payment of interest and principal. LAA indicates high credit quality and low credit risk. AA indicates high degree of safety with regard to timely payment of financial obligations. FINANCE Your Company continued its strategy of diversified funding. The Company introduced new investors and borrowed through flexible instruments like MIBOR linked Debentures, Securitization/Assignment transactions, etc. Your Company also made use of derivative products like interest rate swaps to manage its Asset/Liability GAP and optimize borrowings costs. Your Company also shored up its Capital Adequacy through issue of Tier II Subordinated bonds/debentures. During Financial Year 2008-09 the trends in the financial markets witnessed a dynamic interest rate environment and liquidity especially due to the aftermath of collapse of leading global firms. Your Company with its established treasury philosophies and practices is well geared to meet the challenges of a dynamic interest rate and liquidity environment. 3139.98 29930.51 2012.43 17370.58 98220.87 24516.26 194.91 24321.35 8621.44 15699.91 17370.58 33070.49 31st March 2008 73997.32 15637.29 174.06 15463.23 5401.10 10062.14 9320.87 19383.01

4. 5.

6.

Kotak Mahi ndra Pri me Li mi te d

1

7.

MANAGEMENT DISCUSSION AND ANALYSIS Company Business Your Company is into car finance, engaged in financing of retail customers of passenger cars and multi-utility vehicles and inventory and term funding to car dealers. Your Company finances new and used cars under retail loan, hire purchase and lease contracts. The main streams of income for your Company are retail income, dealer finance income and fee based income. The Company also receives income from loans against securities, securitization/assignment transactions, purchase of non performing assets, personal loans, corporate loans and developer funding. The major expenses for your Company are interest expense, business sourcing expense and cost of running operations. During the Financial Year 2008-09, your Company’s retail vehicle disbursements were at Rs. 2,431 crores as against Rs. 2,903 crores in the previous year. During the year under review, gross advances stood at Rs. 5,615 crores as against Rs. 5,925 crores in the previous year. The Financial Year 2008-09 witnessed volatile interest and increased interest rates being charged to the car finance customer. The pressure continued on maintaining the margins in the retail car finance business. Your Company continued to focus on control over cost and credit losses, while maintaining its positioning in the car finance market. Your Company also maintained its good relationships across car manufacturers, dealers and channel partners in the country. As detailed in the ‘Financial Results’ section above, Gross Income of your Company increased from Rs. 73,997.32 lakhs in 2007-08 to Rs. 98,220.87 lakhs in 2008-09. Profit before Tax was at Rs. 24,321.35 lakhs in 2008-09 as compared to Rs. 15,463.23 lakhs in 2007-08, an increase of 57%. The credit loss ratio of your Company has been consistently maintained in the range of 0.33% to 0.69% over the last three years in the car finance business. There have been certain instances of misappropriation of vehicles or use of deception to obtain vehicle loans by some of the customers involving an aggregate amount of Rs. 149.31 lakhs, also reported in annexure to auditors report. The said instances are inherent in the nature of business of the Company and adequate provision in respect thereof has been made in the accounts for the year. Your Company has also selectively expanded in some other financing opportunities available to the Non Banking Financial Sector, while keeping the core focus on car financing. Industry Scenario The passenger car market in India saw a de-growth of 1.7% for the Financial Year 2008-09 as compared to a growth of 11% for 2007-08. Total unit sales of cars and MUV’s crossed 14.92 lakh units in Financial Year 2008-09. Prospects Your Company has, carved out a niche for itself in the car-financing segment focusing on distribution and relationship management across manufacturers, dealers, channel partners and customers. Fee based income is an important initiative of your Company. Dedicated infrastructure is in place to give a further impetus to the growth of fee based income with a twin objective of offering value added services to customers and leveraging the large existing customer database to generate further fee based income. Customer knowledge, easy accessibility through its wide network of branches and a firm commitment to deliver superior customer service are key drivers for your Company’s performance. Internal Controls The Internal Control department of Kotak Mahindra Bank Limited regularly conducts a review to assess the financial and operating controls at various locations of your Company including Head Office functions and at branches. Reports of the audits conducted by the Internal Control department are presented to the Audit Committee. Representatives of the statutory auditors are permanent invitees to the Audit Committee. Human Resources The Company is professionally managed with key management personnel having relatively long tenure with the Company. Your Company follows a policy of building strong teams of talented professionals. Your Company encourages and facilitates long term careers with your Company through carefully designated management development programs and performance management systems. Information Technology Your Company uses the operating system ‘CORE’ which is owned and managed by Kotak Mahindra Bank Limited and is used for its retail assets division since 2003 and uses “ORACLE” as its Financial system. The CORE system has the latest technology platform and also has capacity to scale based on business requirements. The modular nature of the system supports efficiency in operations coupled with strong systems and operational controls. The system is robust to cater to efficient customer service and support marketing initiatives at reasonable cost.

2

K o t a k M a h i n d r a Pr im e Lim it ed

Mr. Sumit Bali and Ms. 1956. (c) NOMINATION COMMITTEE The Nomination Committee consists of Mr. Mr. The reconstituted Board Committee consists of Mr. C. Dipak Gupta. The Quorum comprises of any three members. Chandrashekhar Sathe during their tenure as Directors of the Company. Mr. Arvind Kathpalia as a Director of the Company with effect from 16th April 2009 in the casual vacancy caused by the resignation of Mr. Mr. Dipak Gupta and Mr. (d) COMMITTEE OF THE BOARD OF DIRECTORS The Committee of the Board of Directors was reconstituted by the Board on 16th April 2009. The Committee screens the matters entrusted to the Audit Committee and also the routine matters such as overseeing the programme of inspections and compliance of inspection reports. the Company’s holding company. Vikram Sud. EXECUTIVE MANAGEMENT Mr. Arvind Kathpalia. 9. Kotak Mahi ndra Pri me Li mi te d 3 . Jayaram and Mr. consequent to the withdrawal of his nomination by Kotak Mahindra Bank Limited. Sumit Bali. Mr. (f) ASSET LIABILITY COMMITTEE (ALCO) The ALCO was reconstituted by the Board on 16th April 2009. The Board of Directors appointed Mr. have offered themselves for re-appointment. Mr. Mr. Suman Sidana and Mr. which could be different from what the Directors envisage in terms of future performance and outlook. retire by rotation at the forthcoming Annual General Meeting and being eligible. as required under the amended Part II in Section II of Schedule XIII of the Companies Act. Mr. Suman Sidana. The reconstituted Audit Committee consists of Mr. Jayaram. (b) REMUNERATION COMMITTEE The Remuneration Committee consists of Mr. Harish Shah. Uday Kotak. Mohan Shenoi. C. The First Tier Audit Committee constituted by the Board comprises of Mr. Arvind Kathpalia. COMMITTEES (a) AUDIT COMMITTEE The Audit Committee was reconstituted by the Board on 16th April 2009. Members of ALCO meet every month to discuss various issues for the effective management of the assets and liabilities of the Company. Mr. (e) RISK MANAGEMENT COMMITTEE The Risk Management Committee was reconstituted by the Board on 29th October 2008 and 16th April 2009. Mr. Jaimin Bhatt and Mr. Uday Kotak and Mr. Jayaram. Jayaram and has been formed to approve the remuneration payable to the Whole-time Director/Manager of the Company. DIRECTORS Mr. The Quorum comprises of any two members. The Quorum comprises of any two members. Sudhakar Shanbhag was the Chief Operating Officer of your Company till 30th September 2008 and has subsequently moved to Kotak Mahindra Bank Limited. Sumit Bali is the Manager and Chief Executive Officer of your Company. Mr. Cautionary Note Certain statements in the ‘Management Discussion and Analysis’ section may be forward-looking and are stated as may be required by applicable laws and regulations. Dipak Gupta. Suman Sidana. 8. 10. Sathe. Kathpalia is currently the Group Head – Risk of Kotak Mahindra Bank Limited and has been associated with the Kotak Group since 2003. Shivaji Dam and Mr. Shivaji Dam resigned as a Director of the Company with effect from 12th May 2008. The Quorum comprises of any two members. Ms. Mr. Sumit Bali. Arvind Kathpalia. Dipak Gupta and Mr. Your Company does not undertake to update these statements. Your Directors place on record their appreciation for the valuable advice and guidance rendered by Mr. Many factors may affect the actual results. C. C. Arvind Kathpalia. Harish Shah and Ms. Chandrashekhar Sathe resigned as a Director of the Company with effect from 15th April 2009. The reconstituted ALCO consists of Mr. The reconstituted Risk Management Committee consists of Mr.

1956. and (iv) the Directors have prepared the annual accounts on a going concern basis. It had no foreign exchange earnings. 1975. (ii) the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2009 and of the profit of the Company for the financial year ended 31st March 2009. if any. the Directors state. the achievement of results as indicated above could not have been possible. is annexed. dealers and their staff for the strong support that they have continued to extend to your Company. 1988. 1956. For and on behalf of the Board of Directors Uday Kotak Chairman Place : Mumbai Date : 29th April 2009 4 K o t a k M a h i n d r a Pr im e Lim it ed . During the year under review. in the preparation of the annual accounts for the year ended 31st March 2009. without whose commitment. AUDITORS The Company’s auditors Messrs. read with the Companies (Particulars of Employees) Rules. have consented to act as Auditors of the Company and are eligible for reappointment. Nil. ACKNOWLEDGEMENT The Directors thank the shareholders. Baroda. (iii) the Directors have taken proper and sufficient care to the best of their knowledge and ability. There are no deposits due and outstanding as on 31st March 2009. DIRECTORS RESPONSIBILITY STATEMENT Based on representations from the Operational Management. your Company did not accept any deposits from the public. 12. 13. that: (i) the Company has. STATUTORY INFORMATION The particulars of employees as required under Section 217(2A) of the Companies Act. Baroda. are not applicable since your Company is not a manufacturing company. Messrs. retire at the Thirteenth Annual General Meeting. for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. The Board also takes this opportunity to place on record its appreciation of the outstanding performance and dedication of your Company’s employees at all levels. followed the applicable accounting standards along with proper explanations relating to material departures. Deloitte Haskins & Sells. Deloitte Haskins & Sells.11. Your Company’s foreign exchange outgo was Rs. in pursuance of Section 217(2AA) of the Companies Act. The other particulars prescribed under the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules. The Board also acknowledges the faith reposed in the Company by the Company’s lending institutions. Chartered Accountants. Chartered Accountants. 14.

we report that none of the directors is disqualified as on 31st March. the said accounts give the information required by the Companies Act. 4. which to the best of our knowledge and belief were necessary for the purposes of our audit. of the profit for the year ended on that date. as well as evaluating the overall financial statement presentation. For Deloitte Haskins & Sells Chartered Accountants R. These financial statements are the responsibility of the company’s management. We conducted our audit in accordance with the auditing standards generally accepted in India. 1956. 2009. 2009 Kotak Mahi ndra Pri me Li mi te d 5 . Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. (d) In our opinion. 1956. 2009. As required by the Companies (Auditor’s Report) Order. (ii) in the case of the profit and loss account. profit and loss account and cash flow statement dealt with by this report are in agreement with the books of account. proper books of account as required by law have been kept by the company so far as appears from our examination of those books. evidence supporting the amounts and disclosures in the financial statements. we report that: (a) We have obtained all the information and explanations. 3. profit and loss account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act. of the state of affairs of the company as at 31st March. we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. 2. (b) In our opinion. of the cash flows for the year ended on that date. We believe that our audit provides a reasonable basis for our opinion. on a test basis.Auditors’ Report To the Members of Kotak Mahindra Prime Limited 1. the balance sheet. Salivati Partner Membership Number: 34004 Place : Mumbai Date : April 29. 2009 from being appointed as a director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act. We have audited the attached Balance Sheet of Kotak Mahindra Prime Limited as at 31st March. (e) On the basis of written representations received from the directors. 1956. 2009 and taken on record by the Board of Directors. and also the Profit and Loss Account and the cash flow statement for the year ended on that date annexed thereto. and (iii) in the case of the cash flow statement. in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the balance sheet. Our responsibility is to express an opinion on these financial statements based on our audit. (f) In our opinion and to the best of our information and according to the explanations given to us. as on 31st March. An audit includes examining. (c) The balance sheet. An audit also includes assessing the accounting principles used and significant estimates made by management. Further to our comments in the Annexure referred to above. 2003 issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act. 1956 and on the basis of such checks of the books and records of the company as we considered appropriate and according to the information and explanations given to us.

325. the company has taken unsecured loan from a company covered in the register maintained under Section 301 of the Companies Act. income tax.623. prima facie. sales tax. In our opinion. the company has not defaulted in repayment of dues to any financial institution. In view of what has been stated above. 6. 7. the outstanding balance of such loan taken was Rs. 5. (a) According to the information and explanations given to us. the company has not disposed off a substantial part of its fixed assets during the year. to Companies covered in the register maintained under Section 301 of the Companies Act. and according to the information and explanations given to us. 2. there are no dues in respect of sales tax. (a) According to the books and records as produced and examined by us. 46. 1956 and exceeding the value of Rs. According to the books and records and as per the information and explanations given to us. (b) The fixed assets of the company have been physically verified by the Management during the year. in respect of transactions made in pursuance of contracts or arrangements entered in the register maintained under Section 301 of the Companies Act. In our opinion. 1956. we have neither come across nor have been informed of any continuing failure to correct major weaknesses in the aforesaid internal control system. The company does not purchase inventory nor does it sell any goods (other than repossessed automobile assets) in the ordinary course of business. According to the information and explanations given to us. Further on the basis of our examination of the books and records of the company. prejudicial to the interest of the company. the particulars of contracts or arrangements that need to be entered in the register in pursuance of Section 301 of the Companies Act. the company has an internal audit system commensurate with its size and the nature of its business. bank or debenture holders during the year. 21. the company has not accepted any deposits from the public during the year. 1. (b) According to the information and explanations given to us. in accordance with generally accepted auditing practices in India and as per the information and explanations given to us. the rate of interest and other terms and conditions of such loan taken from the said company covered in the register maintained under Section 301 of the Companies Act. 1956. there are no undisputed amounts in respect of sales tax. (c) In our opinion.000 or more in respect of any party during the year have been made at prices which are reasonable having regard to prevailing market prices at the relevant time. the frequency of verification is reasonable. service tax. (d) The payments of principal amounts and interest in case of the aforesaid loan are as per stipulations. The Company does not have accumulated losses at the end of the financial year. 2009. cess and other material statutory dues as applicable. income tax. The Company has not incurred cash losses during the financial year covered by the audit and in the immediately preceding financial year. clause (iii)(c) regarding receipt of principal amount and interest and clause (iii)(d) regarding steps for recovery of overdue amount of Para 4 of the Order are not applicable to the company for the year. clause (iii)(b) regarding terms and conditions of such loans. 9.Annexure to the Auditors’ Report referred to in paragraph 3 of our Report of even date to the Members of Kotak Mahindra Prime Limited on the accounts for the year ended 31st March. 2009 for a period of more than six months from the date they became payable. have been regularly deposited by the company during the year with the appropriate authorities. wealth-tax. service tax and cess which have not been deposited on account of any dispute as at 31st March. 1956 are not. (b) According to the information and explanations given to us. secured or unsecured.31 lakhs.78 lakhs and the maximum amount involved during the year was Rs. (a) The company has maintained proper records showing full particulars. 4. wealth-tax. 6 K o t a k M a h i n d r a Pr im e Lim it ed . (b) According to the information and explanations given to us and the records of the company examined by us. 1956 have been so entered. 8. the company has not granted any loans. undisputed statutory dues in respect of provident fund. 3. No material discrepancies were noticed between book records and physical inventory. 500. At the year-end. In our opinion and according to the information and explanations given to us. (a) In our opinion and according to the information and explanations given to us. (c) In our opinion. there is an adequate internal control system commensurate with the size of the company and the nature of its business with regard to purchase of fixed assets and for the sale of goods and services. (c) According to the information and explanations given to us and the records of the company examined by us. including quantitative details and situation of its fixed assets. service tax and cess that were in arrears as at 31st March. 2009. wealth tax. income tax. employees’ state insurance.

19. 16. In our opinion and according to the information and explanations given to us. except that there have been instances of misappropriation of vehicles or use of deception to obtain vehicle loans by some of the customers involving an aggregate amount of Rs. the Company has maintained adequate documents and records where it has granted loans and advances on the basis of security by way of pledge of shares and other securities. either noticed or reported during the year. However. we have not come across any instance of fraud. giving utilisation of funds on overall basis and the related information made available to us and as per the explanations given to us. 1956. the company has maintained proper records of transactions and contracts in respect of its dealing in shares. clauses 4(ii). 2009 Kotak Mahi ndra Pri me Li mi te d 7 . 2003 are not applicable to the Company.10. According to the information and explanations given to us. 18. In our opinion.31 lakhs. As per the information and explanations given to us and taking into consideration the nature of the business of the company. For Deloitte Haskins & Sells Chartered Accountants R. 15. During the course of our examination of the books of account carried out in accordance with the generally accepted auditing standards in India and as per the information and explanations given to us. prima facie. unsecured debentures are covered by a negative lien on specified receivables under auto finance. 4(viii) and 4(xiii) of paragraph 4 of the Order are not applicable to the company for the year. debentures and other investments and timely entries have been made therein. 1956 during the year. we report that funds raised on short term basis have. The company has not raised any money by public issue during the year. However. The aforesaid securities have been held by the company in its own name. the company has not given any guarantee for the loans taken by others from banks or financial institutions during the year. 17. such instances are inherent in the nature of business of the company and adequate provision in respect thereof has been made in the accounts for the year. On the basis of review of Asset/Liability Gap Analysis report. Based on our examination of the records and evaluation of the related internal controls. except to the extent of the exemption granted under Section 49 of the Companies Act. on or by the company. not been used during the year for long term investment. 14. The Company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under Section 301 of the Companies Act. Accordingly. as informed to us. the funds were temporarily used for the purpose other than for which the loans were sanctioned but were ultimately utilised for the stated end-use. 12. securities. 13. The company has issued only unsecured debentures and hence the question of creation of security/charges does not arise. Salivati Partner Membership Number: 34004 Place : Mumbai Date : April 29. term loans were applied for the purpose for which they were obtained. 11. the provisions of clause 4(xviii) of the Companies (Auditor’s Report) Order. 149. Pending utilisation of the term loan for the stated purpose.

736.839.37 483.19 70.732.006.63 569.Balance Sheet as at 31st March.765.490. 34004 Mumbai Dated: April 29.465.00 474.57 8 7.06 4.133.473.10 3. 2009 As at 31st March.90 462.11 592.15 1.24 9 10 32.373.91 528.56 599.61 556.89 599.54 326.28 955.58 2.577.82 Significant Accounting Policies and Notes to the Accounts 17 Schedules referred to above form an integral part of the Balance Sheet As per our attached report of even date For Deloitte Haskins & Sells Chartered Accountants R.24 307.242.103.491.568.41 27.32 587.305.63 — 528. 2009 Rupees in lakhs As at 31st March.818.103.64 2.91 22.56 6 7 3.19 5 829.56 2.165.256. 2009 For and on behalf of the Board of Directors Shanti Ekambaram Director Harish Shah Company Secretary Jaimin Bhatt Director 8 K o t a k M a h i n d r a Pr im e Lim it ed .66 11.555.891.875.13 2.763.35 86. Salivati Partner Membership No.500.29 590.26 493.655.20 6.274.105.69 1.19 36.584.571.65 8.199.765.56 3 4 8.51 36.19 2.603.774.388.960. 2008 Rupees in lakhs Rupees in lakhs Schedule Sources of Funds Shareholder's Funds Share Capital Reserves and Surplus Loan Funds Secured Loans Unsecured Loans Total Application of Funds Fixed Assets (including Capital work in progress) Gross Block Less: Depreciation Net Block Capital Work in Progress Investments Deferred Tax Deferred tax asset Less: Deferred tax liability Current Assets.37 569.19 86.615.555. Loans and Advances Cash and Bank Balances Receivables under Financing Activity Other Loans and Advances Less: Current Liabilities and Provisions Liabilities Provisions Net Current Assets Total Rupees in lakhs 1 2 326.09 2.72 557.33 522.44 70.791.26 623.763.314.21 33.41 2.

51 33.00 218.58 33.79 41.71 44.32 Expenditure Payments to Employees Interest and Finance charges Administrative and other expenses Provisions/Write offs for Non-Performing/Other Assets Depreciation Total 13 14 15 16 2. 2009 Rupees in lakhs Year ended 31st March.21 10.799.91 73.97) 98.49 6. 2009 For and on behalf of the Board of Directors Shanti Ekambaram Director Harish Shah Company Secretary Jaimin Bhatt Director Kotak Mahi ndra Pri me Li mi te d 9 .00 (10.284.463.06 174.699.198.87 71.534.43 17.79) 15.012.42 3.070.971.14 9.64) 52.47 52.71 10.435.28 7.139.01 Deferred Tax (Previous year figure includes Rs.98 29.320.070. 191.63 lakhs credit for earlier year) Fringe Benefit tax Taxation adjustment of previous years Net Profit after tax Profit brought forward from previous year Appropriations Special Reserve u/s 45 IC of the RBI Act.383.06 58.35 2.321.743.220. Salivati Partner Membership No.007.775. II(H) of Schedule 17) Basic and Diluted Significant Accounting Policies and Notes to the Accounts Schedules referred to above form an integral part of the Profit and Loss Account 17 481.07 2.91 17.867.49 2. 34004 Mumbai Dated: April 29.930.52 303.997.840. 2009 Year ended 31st March.09 15.Profit and Loss Account for the year ended 31st March. 1934 Surplus carried to Balance Sheet Total 3.25 73.711.899.370.370.383. 2008 Rupees in lakhs Schedule Income Income from Operations Other Income Total 11 12 98.65 194.02 (1.03 As per our attached report of even date For Deloitte Haskins & Sells Chartered Accountants R.58 19.76 11.84 (554.23 Net Profit before tax Provision for taxation Current Tax 8.52 24.221.31 323.814.87 19.062.263.01 Earnings per share – (Refer Note No.

321.006.30 (17.316.05 (154.73) 85. The above includes Rs. This is the Cash Flow Statement referred to in our report of even date.57) 14.50) Income Tax/Frimge Benefit Tax paid (net of refunds) (8.23 Add/(Less): Adjustment for Depreciation 194.06) (216.452.95 42.00 (Decrease)/Increase in Short Term Borrowings (48.443.568.938.23 lakhs (Previous year Rs.67) Provision for doubtful debts.611.63 Provision for M to M on derivatives — (7.06 Profit on sale of investments (241.35) (6.37 237.963.90) (21.568.12 (Decrease)/Increase in Unsecured Non-convertible debentures (58.82 Total cash and cash equivalents 7.576.866.667.29) 73.273.631.75) Provision for gratuity and compensated absences (25.17 Cash and cash equivalents at the beginning of the year 22.77 763.339.086.35 15.650.16 lakhs (Previous year Rs.95 Purchase of Investments (668. 2009 2008-09 Rupees in lakhs 2007-08 Rupees in lakhs Rupees in lakhs Rupees in lakhs Cash flows from operating activities Net profit before taxation 24.54 (12.37) (3.11 Decrease/(Increase) in Receivables under Financing Activity 31.972.313. 2009 For and on behalf of the Board of Directors Shanti Ekambaram Director Harish Shah Company Secretary Jaimin Bhatt Director 10 K o t a k M a h i n d r a Pr im e Lim it ed .532.68 Cash used in operations 40.95) Increase in Current Liabilities (1.51 Increase/(Decrease) in other Loans and Advances 69.927. 142.48) Loss/(Profit) on sale of assets 108.19 1.426.29 (From the current year.12 Cash and cash equivalents at the end of the year 7. For Deloitte Haskins & Sells Chartered Accountants R. 3) 3.15 Bank balances – Fixed Deposits (Refer Note No. 1.09) Cash flows from investing activities Purchase of Fixed assets (551.72 22. 34004 Mumbai Dated: April 29.70 (161.79 lakhs (Previous year Rs. book overdraft has been disclosed under Unsecured Loans) 2.574.471.724.31 Net increase in cash and cash equivalents A+B+C (14.001.17 lakhs) with a bank as credit collateral and Rs. 133.59) Net cash used in operating activities A 32.160.46 lakhs) as liquidity facility on assignment of receivables.72 22.02) 13.796.489.006.13) Sale of Fixed assets 92.308.044.066.32 Bank balances – Current Account 2.19) (1.16 19.202. 3.703.86) (1.85 Net cash (used in)/from investing activities B (1.493.006. 1.14 Net cash from financing activities C (45. The Cash Flow Statement has been prepared under the ‘Indirect Method’ as set out in the Accounting Standard – 3 on Cash Flow Statements issued by the Institute of Chartered Accountants of India. 4.18) 174.82 Provision for standard assets (18.46) 28. Cash and cash equivalents include: Cash on Hand 775.435.72) Sale of Investments 667.806.481. The previous year’s figures have been regrouped wherever necessary in order to conform to this year’s presentation.95 Cash flows from financing activities (Decrease)/Increase in deep discount debentures (7.291.540. 9.91 (181. receivables and advances 2.29 7.Cash Flow statement for the year ended 31st March.46) Issue of Shares/Premium on shares and debentures — 5.09) 1.579.91 174. Rs.53 16.782.01 1.73) Operating profit before working capital changes 26.771.645. Salivati Partner Membership No.463.086. 8.939.08) 795.29 Notes: 1.437.19 lakhs) lodged with government departments.34) Increase in Loans and Advances (15.

19 350.465.782.294.479.each fully paid up Notes: Of the above: (i) 1.261. Kotak Mahi ndra Pri me Li mi te d 11 .52 2.95 3.370. 10/.605.00 50.95 182.294.35 Surplus in Profit and Loss Account Note Schedule 3 – Secured Loans Loans and Advances Term Loans from Banks Total 1 Rupees in lakhs 31st March. 10/.51 86.72 4.54 17.617.294.each 500.19 326. 2008 Rupees in lakhs Rupees in lakhs Schedule 2 – Reserves and Surplus Securities Premium Account As per last Balance Sheet Add: Amount received during the year 48. 2009 Rupees in lakhs 31st March.93 4.00 8.757. 2008 Rupees in lakhs 8. the holding company along with its nominees.19 326.443. a subsidiary of the holding company.37 48.318.00 400. Total 326.300) shares are held by Kotak Securities Limited.98 General Reserve As per last Balance Sheet Total 182.617.500.58 70.300 (Previous year 1. a subsidiary of the holding company. lease and hire purchase.00 50.19 326.600 shares are held by Kotak Mahindra Bank Limited.500.261.139.43 7.971.37 — 31st March.00 — — Note: Term Loans from banks are secured by way of hypothecation of receivables arising out of loan. book debts and other current assets.930.165.000 (Previous year 500.900) equity shares of Rs.44 Special Reserve u/s 45 IC of the RBI Act. (iii) NIL (Previous year 36. 1934 As per last Balance Sheet Add: Transferred from Profit and Loss Account 4.500.00 400. (ii) 1.37 2. 10/. 2008 Rupees in lakhs 43.012.000 shares are allotted as fully paid up pursuant to conversion of fully convertible debentures.000) shares are held by Kotak Mahindra Asset Management Company Limited.54 29.975.000) Equity Shares of Rs.000) Preference Shares of Rs.65 48.00 350.Schedules Forming Part of the Balance Sheet 31st March. 2009 Rupees in lakhs 31st March.900 (Previous year 3.each Issued and subscribed 3.500. (iv) 1.00 31st March.000 (Previous year 3. 2009 Rupees in lakhs Schedule 1 – Share Capital Authorised 3.

1.27 Unsecured Reedemable Non-Convertible Debentures Subordinated Debts 4 1&3 36.00 1. 18.000 each 300 debentures of Rs.00 Earliest Put/Call Option Date Redemption Date 03-04-2008 03-04-2008 04-04-2008 09-04-2008 09-04-2008 11-04-2008 15-04-2008 15-04-2008 15-04-2008 15-04-2008 16-04-2008 17-04-2008 21-04-2008 23-04-2008 28-04-2008 100 debentures of Rs.28 35. 1.000.500.75 18. 1.000 each 100 debentures of Rs.000 each 100 debentures of Rs.000.Schedules Forming Part of the Balance Sheet (Contd.00 1.872.000 each 250 debentures of Rs. 27.250.00 1.00 4.) 31st March.000.360.00 1.000.048.763.75 327.00 78.500.480.43 146.14 Commercial Paper Less: Discount not written off (Maximum amount outstanding during the year Rs. The details of Unsecured Reedemable Non-convertible Debentures are as under: Description As at 31st March. 2008 Rupees in lakhs 326.250.000.00 2.000.000. 2008 Rupees in lakhs 1.000 each 250 debentures of Rs.401.500.00 1.450. 250.091.00 2. 1. 267.00 Notes Schedule 4 – Unsecured Loans Unsecured Reedemable Non-Convertible Debentures Unsecured Index Linked Debentures Less: Unamortised Discount 1 1&2 Rupees in lakhs Notes: 1.000.000.72 Short Term Loans: From Banks 5 47.000.00 — 4.774.436.18 Deep Discount Debentures Less: Discount not written off 31st March.00 2.000. 1.000 each 12 K o t a k M a h i n d r a Pr im e Lim it ed .252.125 lakhs) Inter Corporate Deposits Other Loans and Advances: From Banks Hire Purchase/Loan/Lease deposits (Including matured and unclaimed Rs. 62. The Non-Convertible Debentures.000.043.00 925.000 each 150 debentures of Rs.000.200.56 8.000.000 lakhs.00 3.00 5.00 2. 1.00 1.200.00 49. Previous year Rs.000 each 100 debentures of Rs.500.73 4.125.00 4.00 4.67 60. 1.00 3.12 46.000.573.88 1.900 lakhs) on specified receivables under auto finance of the Company. 1. 1.000 each 500 debentures of Rs.000.35 62.000 each 250 debentures of Rs.043.000.82 43. Index Linked Debentures and Deep Discount Debentures are secured by way of a pari passu mortgage and charge in favour of the Debenture Trustees on the Company’s immoveable property amounting to Rs.208.00 45.32 474.500.000 each 250 debentures of Rs. 1.574.023.500.500.95 lakhs) Book Overdraft from Bank Total 1. 1.07 lakhs and further covered by a negative lien to the extent of Rs.81 528. The Debentures are redeemable at par. Previous year Rs. 15.37 6.00 1.000 each 110 debentures of Rs.000.250 lakhs (Previous year Rs. 1.00 1. 1.00 1.167. 2009 Rupees in lakhs 263. 1.000 each 120 debentures of Rs.000 each 320 debentures of Rs.000.00 5 95.910.000.000. 1.250.000.79 lakhs.33 — 34. 2009 Rupees in lakhs — — — — — — — — — — — — — — — As at 31st March.00 2.920.700.100.000 each 150 debentures of Rs.500. 1.171.

1.000 each 250 debentures of Rs. 2009 Rupees in lakhs — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — As at 31st March.500.00 2.500. 1.00 3.500. 1.00 1.00 2.000.000.00 Earliest Put/Call Option Date Redemption Date 28-04-2008 02-05-2008 02-05-2008 06-05-2008 07-05-2008 07-05-2008 08-05-2008 09-05-2008 14-05-2008 14-05-2008 14-05-2008 19-05-2008 23-05-2008 26-05-2008 30-05-2008 30-05-2008 03-06-2008 04-06-2008 04-06-2008 04-06-2008 05-06-2008 05-06-2008 06-06-2008 09-06-2008 10-06-2008 10-06-2008 12-06-2008 17-06-2008 20-06-2008 26-06-2008 04-07-2008 13-06-2008 18-06-2008 23-06-2008 27-06-2008 27-06-2008 27-06-2008 02-07-2008 02-07-2008 02-07-2008 02-07-2008 06-07-2008 09-07-2008 10-07-2008 10-07-2008 10-07-2008   80 debentures of Rs. 1.00 5.000.00 5.000 each 250 debentures of Rs.00 1.000.000.000 each 100 debentures of Rs. 2.00 2.500.000.000.00 100.00 2.500.000.000 each 200 debentures of Rs.500.000.000 each 200 debentures of Rs. 1. 2.000.00 2.00 2.000 each 250 debentures of Rs.000.000. 1.000 each 250 debentures of Rs.00 7. 2.) Description As at 31st March.000 each 250 debentures of Rs.000 each   60 debentures of Rs.000. 1.00 2.500.000 each 150 debentures of Rs. 1.000 each 250 debentures of Rs.000 each 150 debentures of Rs.000.00 2.000.000.00 2.00 2.000 each 100 debentures of Rs.00 3. 2008 Rupees in lakhs 800.000.000.00 500.500.000.500.00 1. 1. 1.00 4.000 each 250 debentures of Rs.000.000.000 each 500 debentures of Rs.500. 1.000 each 250 debentures of Rs. 1.00 2.000 each 100 debentures of Rs.500.00 1.00 2.000 each 250 debentures of Rs. 1.500. 1.000 each 250 debentures of Rs.000 each 140 debentures of Rs.000 each 200 debentures of Rs.000 each 250 debentures of Rs.Schedules Forming Part of the Balance Sheet (Contd.000. 1. 1. 1. 1.500.00 3.000.000 each 300 debentures of Rs. 2. 1. 1.000.00 2.000 each 350 debentures of Rs.00 2.500. 1.000.000 each   60 debentures of Rs. 1.00 4.500.000 each 500 debentures of Rs.00 500.000.000.500.500.000.000.000 each 200 debentures of Rs.000.000 each 250 debentures of Rs.500.000 each 250 debentures of Rs.500. 1.00 1.000.500.000.00 2. 1.00 2.000. 1.000 each    4 debentures of Rs. 1.000.000.000 each Kotak Mahi ndra Pri me Li mi te d 13 .000. 1.00 2.00 2.000.500.500.000 each 100 debentures of Rs.000.000. 1.00 2.000.000.500.000 each 250 debentures of Rs.000.500.000 each 200 debentures of Rs. 1.00 1.000 each 450 debentures of Rs.000 each   50 debentures of Rs. 1. 1.000.000 each 250 debentures of Rs.000 each 300 debentures of Rs.00 2.00 2.00 1.00 3.500.000 each 400 debentures of Rs.000.000.00 2. 1. 1.500.00 1.000.500.500.500. 2.500.500.000 each 300 debentures of Rs.000.000 each 300 debentures of Rs.000. 1.500. 1. 2. 1.500.000.000 each   60 debentures of Rs.000. 1.500. 2.00 2.500.00 3. 1.000 each 250 debentures of Rs.000 each 250 debentures of Rs.000.000 each   50 debentures of Rs.000 each 250 debentures of Rs.000. 1.00 2.000.

500.000 each 250 debentures of Rs. 1.000 each   50 debentures of Rs.000 each 500 debentures of Rs. 2009 Rupees in lakhs — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 600. 1.500. 1.000 each 370 debentures of Rs. 1.00 100.500.500.000.000.000 each 200 debentures of Rs.000 each 250 debentures of Rs. 1.500.00 3.00 2. 1.000.800.00 2. 1.000.00 500. 1. 1.000.000. 1.500.500. 2. 2.000.00 2.700.00 2.000.500.500.) Description As at 31st March.000.00 1.300. 1.000.00 2.00 2.00 1. 2.00 2.000 each 200 debentures of Rs.500.00 1. 1.00 2.000.000 each 250 debentures of Rs.000 each 100 debentures of Rs.00 2.00 As at 31st March.000.500.500.000 each 450 debentures of Rs.000.00 2.00 2.000 each 500 debentures of Rs.000 each 100 debentures of Rs.00 2.000 each 250 debentures of Rs.00 1.000 each 100 debentures of Rs.000 each 150 debentures of Rs.000 each 280 debentures of Rs.00 2.500.00 2. 1.000 each 100 debentures of Rs.000 each 140 debentures of Rs.000 each 100 debentures of Rs.00 500.000 each 200 debentures of Rs.00 2.00 5.500.000. 2.000.500.000 each 250 debentures of Rs.00 1.500.00 2.000. 1.00 200.00 2.00 2.500. 1. 1.000.000 each 100 debentures of Rs.000 each 250 debentures of Rs.500. 1.000.00 5. 1. 1.000 each 14 K o t a k M a h i n d r a Pr im e Lim it ed .000. 1.00 3.000.000 each 100 debentures of Rs.00 1.00 2.000 each   50 debentures of Rs. 1.000 each 250 debentures of Rs.000. 1.000.500.00 100.00 1.500.500. 1.00 500.00 4.00 4.000.00 1.000 each 750 debentures of Rs.00 — 2.00 4. 1.500.500. 1.500.000.500.000 each 100 debentures of Rs.000. 1.000.00 1.000. 1.500.000.000 each 150 debentures of Rs.000.00 2.000.500. 1.Schedules Forming Part of the Balance Sheet (Contd.000 each 250 debentures of Rs.500.000.000.000.000.000 each 450 debentures of Rs.000 each   60 debentures of Rs.000 each 100 debentures of Rs.000.500.000 each 500 debentures of Rs. 1.500.000.000.00 2.500.000 each 250 debentures of Rs. 1.000 each 400 debentures of Rs. 1. 1.000.00 2.000.000 each 100 debentures of Rs.000.000.000 each 100 debentures of Rs.00 2.00 — Earliest Put/Call Option Date Redemption Date 10-07-2008 10-07-2008 10-07-2008 16-07-2008 18-07-2008 08-08-2008 14-08-2008 18-08-2008 21-08-2008 22-08-2008 22-08-2008 25-08-2008 27-08-2008 02-09-2008 03-09-2008 05-09-2008 05-09-2008 09-09-2008 03-10-2008 16-10-2008 27-10-2008 11-11-2008 24-11-2008 28-11-2008 03-12-2008 03-12-2008 04-12-2008 09-12-2008 16-12-2008 26-12-2008 26-12-2008 26-02-2009 06-04-2009 07-04-2009 10-04-2009 10-04-2009 10-04-2009 10-04-2009 24-04-2009 30-04-2009 04-05-2009 07-05-2009 07-05-2009 11-05-2009 20-05-2009 20-05-2009   10 debentures of Rs.000 each 130 debentures of Rs.000.00 7.000 each 200 debentures of Rs.000 each   10 debentures of Rs.000.00 600.00 2. 1.000.000.000 each 200 debentures of Rs.00 5.000.000.000.500.000.000. 2008 Rupees in lakhs 100. 1. 1. 2. 1.500. 1. 1.000.000 each   40 debentures of Rs.000.000. 2.000 each   20 debentures of Rs. 2.500.000.00 1.000.00 2.00 1. 1.000 each   10 debentures of Rs.00 — — 2.000.

1.500.500.500.000 each 250 debentures of Rs.500.00 1.00 5. 1. 2.00 2.000.500.000 each 100 debentures of Rs. 1. 1.500.00 3. 1.00 5.000.500.000.000.00 — — 1.000 each 100 debentures of Rs. 2.500.00 2.000.000.000 each 150 debentures of Rs.00 2.000.500. 1.000.000 each 350 debentures of Rs.00 2.000.000.00 1.500.000.000.000.000.000.000 each 200 debentures of Rs.000 each 100 debentures of Rs.000.00 1.000.500. 2.000 each   40 debentures of Rs.00 5.000.00 5.000. 1.00 1.00 1. 1.000 each 500 debentures of Rs.000 each 500 debentures of Rs.000.500.000 each Kotak Mahi ndra Pri me Li mi te d 15 .100.500.500.00 1.00 1.000.00 2.000. 1.000.00 1. 1.000 each 200 debentures of Rs. 1.500.000 each 250 debentures of Rs.00 2. 2.000.000 each 120 debentures of Rs.000 each 100 debentures of Rs.00 1.00 — — 1.500. 1.500.000 each 150 debentures of Rs.00 — 5. 1.00 1.500.00 2. 2.000.000.500.500.00 — 2.500.00 1. 1.500. 1.000 each 500 debentures of Rs. 1.00 1. 1.000.000.00 5.000. 2.500.000.00 3.00 1.00 3. 1.000 each 100 debentures of Rs.500.000. 1.500. 1. 1.500.000.000 each 150 debentures of Rs.000.000.000 each 350 debentures of Rs.00 4.00 — 5.000 each 110 debentures of Rs.00 2.00 — — — — — — 2. 2.500.00 — — 2.00 2.000.500.000 each 250 debentures of Rs.00 — — 2.200.00 — 1.00 — — — 5.500.500.000.00 As at 31st March.500.00 2.000.500. 1.000.00 2.100.00 1. 2.000 each 400 debentures of Rs.00 3.000 each 200 debentures of Rs.000 each 350 debentures of Rs.000.000 each   80 debentures of Rs. 1. 1.00 5.) Description As at 31st March. 2008 Rupees in lakhs 2.200.00 2.500.500.500.000.000. 1.000 each   60 debentures of Rs.00 2. 1.000. 2.000 each 150 debentures of Rs.000 each 250 debentures of Rs.000 each 500 debentures of Rs.00 — 01-04-2009 26-05-2009 20-05-2009 Earliest Put/Call Option Date Redemption Date 21-05-2009 21-05-2009 25-05-2009 26-05-2009 28-05-2009 02-06-2009 04-06-2009 04-06-2009 04-06-2009 08-06-2009 09-06-2009 10-06-2009 11-06-2009 24-06-2009 25-06-2009 01-07-2009 09-07-2009 13-07-2009 17-07-2009 04-08-2009 05-08-2009 13-08-2009 14-08-2009 21-08-2009 26-08-2009 27-08-2009 28-08-2009 31-08-2009 02-09-2009 04-09-2009 08-09-2009 10-09-2009 01-10-2009 06-10-2009 09-10-2009 09-10-2009 09-10-2009 13-10-2009 14-10-2009 16-10-2009 20-10-2009 21-10-2009 23-10-2009 26-10-2009 28-10-2009 30-10-2009 100 debentures of Rs.00 4.000.Schedules Forming Part of the Balance Sheet (Contd.00 2. 1.000.00 1. 1.00 1.000 each 150 debentures of Rs.000.000.000 each 100 debentures of Rs.000 each 500 debentures of Rs.000. 1.00 5.000.00 5. 1.000.00 3.000 each 250 debentures of Rs. 1.00 — — — 2.000. 1.000 each 110 debentures of Rs.000.000 each 250 debentures of Rs.00 5.000.000. 2.000.700.000 each 300 debentures of Rs.000.500.000 each 250 debentures of Rs. 1. 1.00 5.000.000 each 200 debentures of Rs.000 each 300 debentures of Rs.00 1.000.00 1.000.00 — 5.000.00 500.500.000 each 400 debentures of Rs.000 each 100 debentures of Rs.500. 1.000 each 270 debentures of Rs.500.500.000.000 each   50 debentures of Rs.000 each 100 debentures of Rs. 1.000.000.00 1.000 each 150 debentures of Rs.000.000.500. 2009 Rupees in lakhs 2.000.00 2.

1. 1.00 2.00 3. 1.000 each 200 debentures of Rs.000.00 4. 1.000.000 each 16 K o t a k M a h i n d r a Pr im e Lim it ed .000 each 400 debentures of Rs.500.00 1.000.00 — — — — — — 2.000.000 each 150 debentures of Rs.000.000.00 — — — — — — — — — 2.000 each 100 debentures of Rs.00 2.500.000 each 250 debentures of Rs.00 2.000.000 each 100 debentures of Rs.000. 2.Schedules Forming Part of the Balance Sheet (Contd. 2.500.500.000 each 300 debentures of Rs. 1. 1.400.000 each 150 debentures of Rs. 1. 1.00 5.000 each 240 debentures of Rs.000. 1.00 2.00 2.000.500.000. 1. 1.500.000 each 150 debentures of Rs.700.000.00 2.000 each 250 debentures of Rs.000 each 100 debentures of Rs.00 2.000.500.500. 1.500.000 each 250 debentures of Rs.000.000. 1.500.00 2.00 2.000.00 2.500.00 — 2. 2009 Rupees in lakhs 1.000.000 each 500 debentures of Rs.500. 1.000 each 270 debentures of Rs.000. 1.00 200.500.000.000.000 each 250 debentures of Rs. 1.000.00 5.500.000 each   12 debentures of Rs.00 1.000. 2.00 6. 2. 1. 1.000 each 250 debentures of Rs.000.000 each 200 debentures of Rs. 1.000.000.000 each 400 debentures of Rs.00 120.000.000.00 5.00 2.000 each 250 debentures of Rs.) Description As at 31st March.00 1. 2008 Rupees in lakhs 1.500.000.920.00 As at 31st March. 1. 1.000. 1.500.000.000.500. 1.500. 1.000 each 250 debentures of Rs.000.500.000 each 100 debentures of Rs.000.000 each 500 debentures of Rs. 1.500.000. 1.500.000.00 2.500.000 each 500 debentures of Rs.500.500.000 each   50 debentures of Rs.000. 2.000. 1. 1.00 1. 1.000 each 400 debentures of Rs. 1.00 2.00 — — — — — — 500.000.00 263.00 5.000.000 each 500 debentures of Rs. 1.00 2.500.00 500.000 each 250 debentures of Rs.000 each   50 debentures of Rs. 1. 1.00 1.500.00 500.500.00 4.000.500.500.500.000 each 150 debentures of Rs.00 4.000.000.000 each 250 debentures of Rs.00 3.000 each 150 debentures of Rs.00 1.00 2.000. 1.000 each 250 debentures of Rs.000.00 1.00 2.500.00 6.000.000. 1.500.000.00 2.000.000 each 100 debentures of Rs.00 4.000 each   20 debentures of Rs. 1.000.00 22-06-2009 01-04-2009 01-04-2009 02-06-2009 01-04-2009 Earliest Put/Call Option Date Redemption Date 02-11-2009 05-11-2009 06-11-2009 06-11-2009 16-11-2009 16-11-2009 17-11-2009 18-11-2009 23-11-2009 26-11-2009 26-11-2009 27-11-2009 01-12-2009 07-12-2009 07-12-2009 08-12-2009 10-12-2009 04-01-2010 04-01-2010 27-01-2010 09-02-2010 12-02-2010 15-02-2010 15-02-2010 23-03-2010 05-04-2010 06-04-2010 13-04-2010 15-04-2010 05-05-2010 06-05-2010 14-05-2010 06-07-2010 12-07-2010 31-08-2010 07-09-2010 10-09-2010 21-09-2010 18-10-2010 10-11-2010 10-12-2010 29-08-2011 30-08-2011 01-09-2011 17-10-2011 150 debentures of Rs.000.00 — — 5.000.00 2.000.000 each 350 debentures of Rs.000 each 400 debentures of Rs. 1.000.000.000.00 1.000 each 200 debentures of Rs.00 2.000.000 each 640 debentures of Rs.000 each 250 debentures of Rs. 1.500.00 — 6. 1.000 each 150 debentures of Rs.00 5.500.000.00 — — — — — 326.00 2.00 — — — — — 2.000 each 250 debentures of Rs.00 3.000.000. 1.000 each 300 debentures of Rs.700.

000 each    2 debentures of Rs. The details of Unsecured Index Linked Debentures are as under: Description As at 31st March. 2.500.00 50. 2.000 each   10 debentures of Rs.500.00 225. 2.500. 2.) 2. 2.00 100. 2.00 50.00 75. 2.500.500. 2. 2.500.500.500.00 100.00 25.000 each    2 debentures of Rs.00 50. 2. 2008 Rupees in lakhs 25.500. 2.00 25.00 150. 2.500.500.000 each    1 debenture  of Rs.00 25.00 50.00 500.000 each    1 debenture  of Rs.00 50.500.00 50.000 each    1 debenture  of Rs.500. 2.00 25.500.500.00 25.00 225.500.00 25.00 100.00 100.00 50.000 each    2 debentures of Rs.00 25. 2.00 50.000 each    1 debenture  of Rs.500.00 250.00 50.500. 2. 2.000 each    4 debentures of Rs.00 100.000 each    2 debentures of Rs.00 50. 2. 2.00 25. 2.000 each    6 debentures of Rs. 2.00 50.00 50.00 100.00 150.00 250.00 75.00 100.000 each    1 debenture  of Rs.00 100.00 25.00 25.00 75.000 each    3 debentures of Rs.500.00 75.500. 2.000 each    1 debenture  of Rs.500.00 100.00 50.000 each    4 debentures of Rs.00 25.000 each    4 debentures of Rs. 2.000 each   20 debentures of Rs. 2.000 each    2 debentures of Rs.000 each    1 debenture  of Rs.00 As at 31st March.000 each    9 debentures of Rs.00 50.500.00 225.500.00 25.00 25. 2.00 100.000 each    2 debentures of Rs.000 each    1 debenture  of Rs.000 each    4 debentures of Rs.500.000 each    1 debenture  of Rs.500.500. 2.000 each    3 debentures of Rs.00 150.00 100.000 each    2 debentures of Rs.000 each    6 debentures of Rs.500.00 50.00 25.000 each    4 debentures of Rs.00 50.000 each    2 debentures of Rs.00 100.000 each    2 debentures of Rs. 2.500. 2.Schedules Forming Part of the Balance Sheet (Contd.000 each    1 debenture  of Rs.000 each    2 debentures of Rs. 2.000 each    4 debentures of Rs.000 each    2 debentures of Rs.00 25.00 50. 2.000 each Kotak Mahi ndra Pri me Li mi te d 17 .00 50.500.00 75.00 25.00 25.000 each    9 debentures of Rs. 2.500. 2.00 25.500. 2.000 each    2 debentures of Rs. 2.00 50. 2. 2.00 25.00 25. 2.500.000 each    1 debenture  of Rs. 2.500. 2.00 Earliest Put/Call Option Date Redemption Date 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 24-07-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009    1 debenture  of Rs.500.00 100.500. 2.00 75.00 50.500. 2.00 50.500.000 each    4 debentures of Rs.00 50.000 each    4 debentures of Rs.500.00 25.00 500.00 25.00 225. 2. 2009 Rupees in lakhs 25.500.000 each    3 debentures of Rs.00 50.500.00 100.000 each    3 debentures of Rs.00 100.00 50. 2.00 100.00 150.00 75.500.00 75.500.

000 issued at Rs.449.000. 119.25 1. 116.09 8.492.500.16 1.440. 2.479 — — — — — — — 2.000 issued at Rs.981.00 25.000 issued at Rs.000.238. 2. 2.74 4. 100.000.055.00 50. 550.000 face value of Rs.00 25.205.916. 240.750 face value of Rs.20 1.000 each    1 debenture  of Rs.720.69 998.000 issued at Rs. 224.010 face value of Rs.108.000 each    1 debenture  of Rs.097 face value of Rs.000 issued at Rs.000.) Description As at 31st March. 590. 135.000 issued at Rs.10 1.500.500 face value of Rs. 500. 2.399.000 issued at Rs.000 issued at Rs.13 1.00 150.00 25. 216.028.000 each    6 debentures of Rs.111.200 face value of Rs.48 999.500. 100. 100.000 issued at Rs.500.95 5. 2.00 100.500 face value of Rs.695.477.00 4.130 face value of Rs.000 issued at Rs.500.00 3.000 issued at Rs.000.485.80 2. 2. 2.485.00 25.   99.683.00 Earliest Put/Call Option Date Redemption Date 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009 28-08-2009    2 debentures of Rs. 293.000 issued at Rs.00 50.000 issued at Rs.494.480 face value of Rs. 503.187.250. 2.000.000 issued at Rs.998.71 43.00 4.500.000.710 face value of Rs.922.000.999.328. 2.500. 100.500 face value of Rs.774.274. 117.00 25.   83.00 25. 250.66 1.000 each    2 debentures of Rs. 199.000 each    1 debenture  of Rs.00 150.601.500.00 25.000 each    1 debenture  of Rs.139.000 face value of Rs.764.652. The details of Deep Discount Debentures are as under: Unsecured. 250.21 2.484.000.254.00 25. 222.000 each    4 debentures of Rs.500.84 1.000 each    2 debentures of Rs.80 2.00 25.000 face value of Rs. 545. 497.228. 249.000 each    1 debenture  of Rs. 415.390 face value of Rs.000 face value of Rs. 500.802.07 1.000.08 4.70 1.500.250 face value of Rs.000 each    1 debenture  of Rs.01 2.000 each    1 debenture  of Rs.000. 139.999. 150.00 50. 2.996.500.000.500.000 each    6 debentures of Rs.71 4.00 50.000 issued at Rs.559.440.50 1.097.750 face value of Rs.500.89 — — 1. 900.00 25.373. 204.000.000.Schedules Forming Part of the Balance Sheet (Contd.34 — 4.000 issued at Rs. 748. 2009 Rupees in lakhs 50.000 issued at Rs.500.52 35. 2.00 150.000.000.000 each    1 debenture  of Rs.88 951.996.492. 250. 500.048.000. 2008 Rupees in lakhs 50.250 face value of Rs.18 28-04-2008 28-08-2008 07-10-2008 13-10-2008 20-11-2008 20-11-2008 24-11-2008 13-04-2009 20-04-2009 20-05-2009 03-06-2009 05-06-2009 08-06-2009 08-06-2009 18-08-2009 20-11-2009 23-11-2009 14-12-2009 05-04-2010 11-06-2010 As at 31st March.67 1.000.436.250.992.000 face value of Rs.90 1.78 2.00 25. 448. 100. 2.000 issued at Rs.000 issued at Rs.696.71 2.00 25. 200.000 each 18 K o t a k M a h i n d r a Pr im e Lim it ed .000.00 25.000.00 25.00 150.00 25.00 25.000 issued at Rs.473.231. 131.510. 2.03 5. Reedemable Non-Convertible Debenture of face value of Rs. 2.00 100. 200. 199.

000.000 each    3 debentures of Rs.00 20.00 100. 1.000. 1.00 150.00 50.00 60.000.000.00 50.00 100.00 40.000.00 80. 1.00 100.00 20.00 40. 1. 1.00 40.000.00 50.000 each   12 debentures of Rs.000.000 each    4 debentures of Rs.000 each   10 debentures of Rs.00 70.00 120.00 10.00 50.000.000 each   50 debentures of Rs.000. 1998.00 50.00 100. 1. 1. 1.00 200.000 each    5 debentures of Rs.00 1.00 60.00 250.00 40.000 each   10 debentures of Rs.00 300. 1.000 each    5 debentures of Rs.00 10.000 each    2 debentures of Rs.00 100.000 each    5 debentures of Rs.000.000.000 each    2 debentures of Rs.Schedules Forming Part of the Balance Sheet (Contd.000 each    1 debenture  of Rs.00 100. 1. 1. 1.000 each    4 debentures of Rs.00 100.00 10.00 100.00 250.00 30.000 each    1 debenture  of Rs.00 30.000.000 each   30 debentures of Rs. 1.00 10.00 100.000 each   10 debentures of Rs.000 each    1 debenture  of Rs.00 60. 1. 1.00 40.000 each    1 debenture  of Rs.000.000. 1.000 each    2 debentures of Rs.000 each    7 debentures of Rs.00 30.000 each   11 debentures of Rs.000 each    4 debentures of Rs. 1.000 each    1 debenture  of Rs.000 each    1 debenture  of Rs.00 1.000. 1.000 each    4 debentures of Rs.000 each    8 debentures of Rs.00 300.00 100.000. 1.000. 1.000 each    6 debentures of Rs.000 each    4 debentures of Rs.000. 1.000. 1.00 40.000 each    6 debentures of Rs.00 200.00 30. 1.00 20. 1.000. 1.000. 1.00 10.00 120.000.000.00 50. 1. 1. 1.00 — — — — — — Earliest Put/Call Option Date Redemption Date 23-04-2013 23-04-2018 23-04-2018 23-04-2018 23-04-2018 23-04-2018 23-04-2013 23-04-2018 23-04-2013 23-04-2018 23-04-2013 23-04-2018 23-04-2018 16-07-2017 16-06-2018 21-06-2018 21-06-2018 21-06-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 07-08-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018   50 debentures of Rs.00 100.00 40. 1. 1.00 100. 1.00 10.000.000.000 each    3 debentures of Rs.000.000 each   10 debentures of Rs.000.00 20.000. 2009 Rupees in lakhs 500.00 50.000. Description As at 31st March.00 10.00 180.000 each   25 debentures of Rs.00 50. 1.000 each   10 debentures of Rs.00 180.000 each   10 debentures of Rs. 1.00 60. 1.000 each    2 debentures of Rs.00 110.00 150.000.000. 2008 Rupees in lakhs 500.000.000.000 each   18 debentures of Rs.000 each Kotak Mahi ndra Pri me Li mi te d 19 . 1.000.000.00 40.000. 1. Subordinated Debts: These debentures are sub-ordinated to the existing and future unsecured borrowings of the Company and qualify as Tier II Capital under the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions.000 each    6 debentures of Rs.00 30.000.000.00 10.00 20.000.00 As at 31st March. 1.000. 1.000.000 each 100 debentures of Rs.000.00 500. 1.00 10.000 each    5 debentures of Rs.000.000.00 100.000 each   20 debentures of Rs.00 80.000 each    5 debentures of Rs.00 20.00 60.00 60.00 110. 1.000 each   15 debentures of Rs.00 10.00 50. 1.000.00 10. 1.000 each    3 debentures of Rs.00 70.00 10.) 4.00 100.000.000. 1.000 each   10 debentures of Rs.00 40. 1.

38 — — 8. The short term and other loans and advances from Banks/Financial Institution/Corporates are covered by a negative lien on specified receivables under auto finance of the Company in favour of the banks/financial institution/corporates.000.41 462. 1.00 Earliest Put/Call Option Date Redemption Date 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 15-11-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 23-12-2018 30-12-2018 30-12-2018 30-12-2018 30-12-2018 30-12-2018 30-12-2018   10 debentures of Rs.51 Deductions — 23.000 each 5.64 2.360.52 217.00 400.000.16 50.000 each    4 debentures of Rs.00 20.000.90 637.000 each    5 debentures of Rs.00 40.00 50.96 209.00 10.45 13.00 1. 1.403. 1.58 — — 8.000.23 80.24 33.82 128.000.00 50.15 47.85 Net Block As at As at 31-03-2009 31-03-2008 12. 1.86 336.000 each    1 debenture  of Rs. 1.000.34 75.000 each    5 debentures of Rs.000 each   10 debentures of Rs.00 800.06 — — — 134. 1.000.000 each   10 debentures of Rs. 1.00 300.37 104. 1.000.Schedules Forming Part of the Balance Sheet (Contd.00 As at 31st March.46 12.28 175.02 513.92 103. 1.56 — 462.00 10.00 20.38 77.00 8.90 2.78 19.584.242. 1.64 — — — Gross Block Additions — 18.000 each    1 debenture  of Rs.00 100.39 522. 1.14 Depreciation As at 01-04-2008 4.41 44. 1.00 500.000 each    7 debentures of Rs.00 40.66 45.51 804.53 15.59 51.100.73 89. 1.29 32.19 955.000 each   40 debentures of Rs. 1.96 24.45 Previous Year Capital Work in progress Previous year 20 K o t a k M a h i n d r a Pr im e Lim it ed .49 290.000.58 42.26 391.00 50. 1.23 2.39 194.56 2. 1.91 91.242.000 each    1 debenture  of Rs.99 311. 1.56 1.82 36.96 59.29 13.000.00 838.19 829.000 each    2 debentures of Rs.000.35 189.24 462.00 10.85 Deductions — 62. 1.00 468.81 134.55 68.57 — — 25.26 For the year 0.000.22 2.000 each   80 debentures of Rs.584.85 452.25 45.07 172.17 318.910.000.00 70.000 each 110 debentures of Rs.97 35.000.30 1.11 113.26 — — 16.000 each    5 debentures of Rs.42 133.00 50.000.56 25.000.92 As at 31-03-2009 5. 2009 Rupees in lakhs 100. 1.82 105.242.24 342.000.25 111.000. 1.84 125.18 142.42 As at 31-03-2009 18.00 100.000 each    1 debenture  of Rs.41 930.36 40.80 307.000 each    2 debentures of Rs.000.52 50.86 0.09 493.000.) Description As at 31st March.000 each   50 debentures of Rs.000 each    1 debenture  of Rs.33 955.17 55.90 174.000.56 2.000 each    5 debentures of Rs.000 each   30 debentures of Rs.88 — 336.65 4.000 each    5 debentures of Rs. 1.19 493.68 — 209.08 167. 1.07 217.00 10.76 231.00 50. 2008 Rupees in lakhs — — — — — — — — — — — — — — — — — — — — — — — 4.000. Schedule 5 – Fixed Assets Rupees in lakhs Description As at 01-04-2008 Buildings Office Equipment Computers Furniture & Fixtures Vehicles Leasehold Improvements 18.000. 1.71 Intangible Assets Software Total 25.42 186.000 each    4 debentures of Rs.35 78.00 10.

660.615. 2008 Rupees in lakhs 6. 2009 Rupees in lakhs (2) Aggregate value of unquoted investments At cost/net asset value 8.875.400.16 45.571.87 1.03 2.839.000.388.82 Quantity 31st March.000 — 54.90 8.490. advances and receivables under financing activity Provision for gratuity Provision for compensated absences Provision for MTM on embedded options Provision for interest on index linked debentures Unamortised Income Expenses allowable for tax purposes when paid 1.41 2.103.69 1.366.960.411.57 31st March.46 67.103. 2008 Rupees in lakhs 1.400.06 31st March.06 1.98 1.000 — 15.069.92 Notes: (1) For Shares/Units purchased and sold during the year refer Note No.16 41.) Face Value Rupees Schedule 6 – Investments Long term Investments – (at cost) (Non trade.437 1.500.02 41.Schedules Forming Part of the Balance Sheet (Contd.00 — 2.41 1.000 5.15 Liabilities Brokerage 1.02 32. 2009 31st March.58 1.90 6.82 31st March. 2008 10 10 2 54.164.70 4. unquoted) In equity shares – fully paid Kotak Mahindra Old Mutual Life Insurance Limited (company under the same management) Phoenix ARC Private Limited Indiabulls Securities Limited In units of Venture Capital Fund Kotak India Real Estate Fund .23 53.437 1.14 4. 2009 Rupees in lakhs Rupees in lakhs Schedule 7 – Deferred Tax Assets Depreciation on fixed assets Provision for doubtful debts.00 1.436.58 Total 2. 2008 Rupees in lakhs 31st March.76 3.839.000.266. II (G) of Schedule 17 31st March.07 1.000 12.I Total 100000 1. 2009 31st March.75 — 448.436.16 — 5.49 203.615.28 Kotak Mahi ndra Pri me Li mi te d 21 .388.

67 430. 133.37 2.18 lakhs) being debt earmarked in favour of the assignee as credit collateral on assignment of receivables.085.79 lakhs (Previous year Rs.972.181.19 lakhs) and with a bank as credit collateral Rs. 0.66 (c) Other Loans and Advances Unsecured – Considered Good (unless otherwise stated) Advances recoverable in cash or in kind or for value to be received Less: Provision for doubtful advances Advance payment of taxes and tax deducted at source (net) Security deposit for premises Total 26.369.70 12.72 22.29 6.02 1.70 471.017.475.42 4.684.246.54 1.07 239.98 992.305.48 28.877.46 lakhs) on assignment of receivables (b) Receivables under Financing Activity Secured – considered good Hire Purchase – Vehicles Loans – Vehicles Lease – Vehicles Loans against Securities Corporate Loans Other Loans Installments and Other dues from Borrowers (*) Secured – considered doubtful Loans – Vehicles Lease – Vehicles Corporate Loans Other Loans Installments and Other dues from Borrowers Unsecured – considered good Personal Loans Inter-Corporate Deposit Installments and Other dues from Borrowers Unsecured – considered doubtful Personal Loans Installments and Other dues from Borrowers Less: Provision for doubtful receivables 31st March.66 221.01 557.256.68 592.520.69 448.61 561.27 367.76 lakhs) being receivables and installment on vehicles repossessed.708.56 lakhs (Previous year Rs.23 lakhs (Previous year Rs.320.603.91 11. and/or. Loans and Advances (a) Cash and Bank Balances Cash on hand Bank balances (with scheduled banks) (i) Current accounts (ii) Fixed deposits (includes lodged with government department Rs.74 0.075.74 649.41 1.16 3.Schedules Forming Part of the Balance Sheet (Contd.32 19.314. 1.416. 665.50 — 718.18 — 808.67 1.17 lakhs) and as liquidity facility Rs.829.006.36 46.927. 07 lakhs (Previous year Rs.420.417.19 237. 9.24 (i) 10.866.76 9.342.724.841.796.155.488.408.2008 Rupees in lakhs 775. 1.82 7.49 — 751.87 3.19 416.577.133. (ii) The above receivables of vehicles and installment dues from borrowers includes Rs.80 35.41 15.) 31st March.35 40.08 120. 142.263.96 1.826.48 436.26 623.00 109.21 Secured means exposures secured by hypothecation of vehicles.12 56. 353.202.16 lakhs (Previous year Rs. undertaking to create a security.645.15 1.43 50.30 131.99 7. pledge of securities and/or. 2009 Rupees in lakhs Rupees in lakhs Schedule 8 – Current Assets.568. 8.44 27.35 1.74 2.11 592.76 116.03 26.67 590. equitable mortgage of property and/or. (iii) (*) includes Rs. necessary provision for which is made.60 10.33 2. (iv) Refer Schedule 10 for Provision for standard assets 22 K o t a k M a h i n d r a Pr im e Lim it ed .

65 780.51 121.374.751.71 429.95 — — 27.14 606.II (O) of Schedule 17) Total — 14.19 Kotak Mahi ndra Pri me Li mi te d 23 .818.74 17. 2008 Rupees in lakhs — 15.655.77 720.518.74 31st March.50 — 33.71 1.712.61 9.087.45 1.52 870. Limited Kotak Mahindra Investments Limited 27.07 1.024.09 21.46 17.80 — 0.19 0.387.42 16.48 614.089.732.11 1.80 — 0.733.) (v) Details of Gross Investment.293.74 31-03-2008 Rupees in lakhs Outstanding 158.01 268.63 114.22 31st March.02 131.64 2.10 773.95 1.35 3. 2008 Rupees in lakhs 797.17 537.70 1.16 1.54 0.74 32.31 158.68 1.69 1.93 264.239.87 120.97 1.67 143.13 Schedule 10 – Provisions Provision for gratuity Provision for compensated absences Provision for standard assets Provision for FBT (net) Provision for Income Tax (net) Total 132.952.16 4.53 12.483.15 1.94 153. II (K) of Schedule 17 (vii) Unsecured – Considered Good Other Loans and advances include 31-03-2009 Rupees in lakhs Maximum Outstanding Due from companies under the same management Kotak Mahindra Old Mutual Life Insurance Limited Kotak Securities Limited Kotak Mahindra Asset Management Co. 2009 Rupees in lakhs Schedule 9 – Liabilities Sundry creditors: Micro enterprises and small enterprises Other than micro enterprises and small enterprises Interest accrued but not due on loans Advances received against hire purchase/loan/lease agreements Other liabilities Embedded Option Liability (Refer Note No.13 31-03-2009 Rupees in lakhs Outstanding 31-03-2008 Rupees in lakhs Maximum Outstanding 27.10 31st March. 2009 Rupees in lakhs (a) not later than 1 year (b) between 1 and 5 years Unearned Finance Income (a) not later than 1 year (b) between 1 and 5 years Present value of rentals (a) not later than 1 year (b) between 1 and 5 years (vi) Also refer Note No.Schedules Forming Part of the Balance Sheet (Contd.16 1087.373.46 192. unearned finance income and present value of rentals under Hire Purchase and Lease 31st March.325.134.

79 35.24 lakhs.775. 370.160. 815.663.814.711.25 (554.81) 80.028. II (L)(b)(ii) of Schedule 17) Total Schedule 13 – Payments to Employees Salaries.921.71 lakhs) Profit/(Loss) on sale of fixed assets (Net) Sundry Creditors written back Other Miscellaneous Income (Net) (Includes interest on Income Tax refunds Rs.63 12.25 129.81 1. 116.11 1.41 1.21 32.96 358.10 66.10.75 211.32 lakhs.48) (94.16 128. 9.95 (114.89 41.551.291.15.66 lakhs.57 98.49 lakhs) (Tax deducted at source Rs.099. Previous year Rs.35 5.04 181.56 5.799.47 (108.97) 2.15 lakhs.668. Previous year Rs.86 226.41 71.51 2.) Year ended 31st March 2009 Rupees in lakhs Schedule 11 – Income from Operations Lease rentals Less: Capital Recovery Income from Hire Purchase/Loans etc.867.61 85.78) 277. Previous year Rs.143.84) 2.39 136.242.27 3. (Tax deducted at source Rs.40 1. Previous year Rs.86 (1.63 (1. Previous year Rs. Previous year Rs.49 964.007.685. II (N) of Schedule 17) Total Schedule 14 – Interest and Finance Charges (a) Interest On Debentures Term borrowings Commercial Paper Accrued interest on debentures reversed (net of unamortised discount) (Refer Note No.69 98.57 (37.23 lakhs) Income from securitisation of receivables Income from assignment of receivables Income from Corporate Loans (Tax deducted at source Rs.85 137.63 lakhs) Income from Loans against securities (Tax deducted at source Rs.638. 849.68 53.38 (1.54) 397.79 35.694. 931.65 (152.84 — (10.1.56 10.94 Year ended 31st March 2008 Rupees in lakhs 1. (Tax deducted at source Rs.69 10.030.26 996.79 50.25) 486. 43.89 lakhs.129.25 2.85 7. Previous year Rs. 2.85 6.Schedules Forming Part of the Profit and Loss Account (Contd.98 138.82) 2.71 — 161.13) 52.06 lakhs) Income on recovery of Non-Performing Asset Total Schedule 12 – Other Income Dividend on current investments Profit on sale of current investments (Net) Dividend on long term investments Net Distribution from venture capital funds Loss on sale of long term investments (Net) Surplus on buyback of issued debentures Realised Profit/(Loss) on Index Futures (Net) Gain/(Loss) on Foreign Exchange Transactions Interest (Gross): On deposits/advances etc. 65.47 2.124.87 1.089.84 10. Previous year Rs.722.375.55) 144.41 803.455.84 5. 89.32 170.07 503.19 lakhs) Income from Wholesale Trade Advances (Tax deducted at source Rs. 439.723.141. II (O) of Schedule 17) Others (b) Bank and other finance charges (c) Interest Rate Swap receipts (net) Total 1.514.53 lakhs) (Refer Note No.24 39.52 (21.33) — 1. 235.45 121.93 lakhs) Income from fee based activities (Tax deducted at source Rs.241.84 — 278.47 lakhs.71 7.81 822.575.052.76 24 K o t a k M a h i n d r a Pr im e Lim it ed .198.264. Allowances and Bonus Contribution to Employees’ Provident Fund Provision for Gratuity Staff Welfare expenses Recovery of expenses (Refer Note No.33 lakhs.49 lakhs.99 6. 92.03 102.

74 Year ended 31st March 2008 Rupees in lakhs Schedule 16 – Provisions/Write Offs For Non Performing/Other Assets Loss on sale of repossessed vehicles/termination of contracts under financing activities (Net) (Net loss on sale of lease assets Rs.74 277.62 265.221.00 25.762.59) 11.18 0.40 3.00 695.49 (94. II (N) of Schedule 17) Total 4.28 2.299.22 0.03 116.32) 10.26 170.68 134.00 7.27 12.35 0.974.82 795.00 237.33 4. II (L)(a)(ii) of Schedule 17) Advertisement Expenses Maintenance Expenses Insurance Expenses Printing and Stationery Rates and Taxes Business Promotion Expenses Wealth Tax Miscellaneous Expenses Recovery of Expenses (Refer Note No.28 (11. 0.08) 95.67 195.086.22 32. 24.62 185.627.743.74 10.14 lakhs.68 333.93 5.00 3.33 238. Previous year net gain of Rs.78 119.74 309.19 2.11 — 327.263.19 187.00 24.32 232.77 (18.00 763.94 27.29 106.63 (7.85 128.40 60.00 415.Schedules Forming Part of the Profit and Loss Account (Contd.67 159.42 22.73) (92.76 2.06 60.06 Kotak Mahi ndra Pri me Li mi te d 25 .57 Brokerage and Commission Software Expenses Office Expenses Electricity Expenses Common Establishment Expenses – Reimbursements Telephone.23 lakhs) Provision for doubtful receivables under financing activity (net) Provision for standard assets Provision for Mark to Market on derivatives Write offs recovered Total 5.191.29) 7.37 354.66) 3.) Year ended 31st March 2009 Rupees in lakhs Schedule 15 – Administrative and Other Expenses Travelling and Conveyance Professional fees Auditors’ Remuneration Audit fees Interim Audit Others: Tax audit fees Certification Work Out of pocket expenses — 3.49 (0.435.95 247.60 150.365.71 54.Telex and Postage Data Processing Expenses Rent and licence fees for premises (Refer Note No.65 1.59 73.

The same is amortised over the life of the securities issued in accordance with the guidelines issued by the Reserve Bank of India. Future results could differ from these estimates.Schedules forming part of the Financial Statements for the year ended 31st March. (iii) Gain on account of securitisation of assets is recognised. (iv) In respect of non performing assets acquired from other banks/NBFCs/Financial Institutions/Companies. Intangible Assets comprising of Software purchased or developed/licensed cost are amortised over a period of three years. 2009 Schedule 17 – Significant Accounting Policies and Notes to the Accounts I. the Accounting Standards notified under the Companies (Accounting Standards) Rules. (ii) Depreciation on fixed assets is provided on the straight line method over the useful life of the assets as under (these rates being equal to or higher than those prescribed under Schedule XIV of the Companies Act. FIXED ASSETS (i) All the fixed assets have been stated at cost inclusive of incidental expenses less accumulated depreciation. SIGNIFICANT ACCOUNTING POLICIES: A. In addition. Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. 5.000/. the Company adopts an approach to provisioning that is based on the past experience. (vi) Fees and commission income are recognised when due. incentives) is accounted for by using the internal rate of return method to provide a constant periodic rate of return after adjustment of brokerage expenses on the net investment outstanding on the contract. based on the difference between the book value of the securitised asset and consideration received. D. (vii) Dividend income is accounted on an accrual basis when the Company’s right to receive the dividend is established. (v) Interest income is recognised on accrual basis except in case of non-performing assets. 2006. on a Straight Line Method commencing from the date the software is first utilised. The volume-based incentives and brokerage are accounted as and when the said volumes are achieved. erosion over time in value of security and other related factors. INTANGIBLE ASSETS Intangible assets are stated at cost of acquisition less accumulated amortisation. collections in excess of the consideration paid for acquisition at each asset level is treated as income. B. 1956. BASIS OF ACCOUNTING The Accounts are prepared on accrual basis under the historical cost convention and to comply in all material aspects with applicable accounting principles in India. the guidelines issued by the Reserve Bank of India for Non-Banking Financial Companies and the relevant provisions of the Companies Act. The preparation of financial statements requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as of the date of the financial statements and the reported income and expenses during the reporting period. Income also includes gains made on termination of contracts. (ii) The Company complies with prudential norms for income recognition and provisioning for non performing assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies.is fully provided in the year of purchase. REVENUE RECOGNITION (i) Auto Finance Income (including service charges. realisation of security. Overdue interest is recognised as income on realisation. C. 26 K o t a k M a h i n d r a Pr im e Lim it ed . 1956): Computers Office Equipment Furniture and Fixtures Vehicles Buildings Leasehold Improvements 3 years 5 years 6 years 4 years 58 years Over the period of lease subject to a maximum of 6 years (iii) Depreciation on assets whose cost does not exceed Rs.

Investments which are intended to be held for more than one year.50 lakhs. ZERO COUPON INSTRUMENTS The difference between the acquisition cost and redemption value of Commercial Papers and Deep Discount Debentures are apportioned on time basis and recognised as discounting charges/debenture interest expense. 3. I. These swaps are in the nature of hedges and are accounted on an accrual basis. TAXES ON INCOME Current tax is determined as the amount of tax payable in respect of taxable income for the year. Accrued interest is adjusted against the interest cost/income of the underlying liability/asset. on timing differences.Schedules forming part of the Financial Statements for the year ended 31st March. Exchange differences arising on settlement of the transaction and on account of restatement of monetary items are dealt with in the Profit and Loss Account. the difference between the year end rate and the rate on the date of the contract is recognized as exchange difference and the premium paid on forward contracts is recognized over the life of the contract. Long term investments are accounted at cost and any decline in value. Monetary items denominated in foreign currencies are restated at the exchange rate prevailing on the balance sheet date. which are intended to be held for less than one year. being the difference between taxable income and accounting income that originates in one period and are capable of reversal in one or more subsequent periods. DERIVATIVE TRANSACTIONS The derivative transactions comprising of Interest rate swaps. (iii) The amount of short term employee benefits expected to be paid in exchange for the services rendered by employee is recognized during the period when the employee renders the service. equity index/stock futures and Options are considered off balance sheet items. 2009 (Contd. The present value of gratuity obligation is actuarially determined based on the projected unit credit method as at the balance sheet date subject to maximum of Rs. Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted before the balance sheet date. These benefits include performance incentives. INVESTMENTS Investments are classified into long term investments and current investments. H. FOREIGN CURRENCY TRANSACTIONS Transactions in foreign currency are recorded at the exchange rate prevailing on the date of the transaction. The foreign currency balances on account of principal of currency swaps outstanding as at the Balance Sheet date is revalued using the closing rate. other than temporary is provided for. Interest rate/Currency swaps The outstanding swap trades at the reporting date are disclosed at the contract amount. these transactions are not marked to market.) E. Current investments in equity/preference shares are valued at cost or market/fair value whichever is lower. Changes in deferred tax assets/liabilities on account of changes in enacted tax rates are given effect to in the Profit and Loss Account in the period of change. are classified as current investments. are classified as long term investments and investments. (v) Actuarial gains/losses are immediately taken to the profit and loss account and are not deferred. EMPLOYEE BENEFITS (i) Provident fund is a defined contribution scheme and the contributions as required by the statute to Government Provident Fund are charged to profit and loss account during the period in which employees perform the services that the payment covers. (ii) Gratuity liability is defined benefit obligation and is wholly unfunded. G. Deferred tax is recognised subject to the consideration of prudence in respect of deferred tax assets. BORROWING COST Borrowing costs are recognised as an expense in the period in which they are incurred. J. In case of items which are covered by forward exchange contracts entered to hedge the foreign currency risk. K. (iv) The company accrues the liability for compensated absences based on the actuarial valuation as at the balance sheet date conducted by an independent actuary. F. while in case of units of mutual fund the Net Asset Value is considered as the fair value. Kotak Mahi ndra Pri me Li mi te d 27 .

Thereafter actual collections received on such non performing assets are compared with cash flows estimated while purchasing the asset to ascertain default. An impairment loss is charged to the Profit and Loss Account in the year in which an asset is identified as impaired. SEGMENTAL ACCOUNTING The following accounting policies have been followed for segment reporting: (i) Segment Revenue includes Contract Receipts and other income directly identifiable with/allocable to the segment. The premium paid is amortised over the life of the contract. where a significant portion of the risks and rewards incidental to ownership is retained by the lessor. Unallocable liabilities include Deferred tax. In accordance with RBI guidelines. these liabilities are stated at net present value. In most cases valuation techniques use as input parameters observable market data in order to ensure reliability of the fair value measure.) Currency options The outstanding Option trades. If the default is in excess of 180 days. (iii) Segment assets and liabilities include those directly identifiable with the respective segments. PROVISION/CONTINGENT LIABILITIES AND CONTINGENT ASSETS Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. K) M. Provision for retirement benefits and Other liabilities. as the best evidence of fair value is a quoted price in an actively traded market. IMPAIRMENT OF ASSETS An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. then the assets are classified into sub-standard. L. are classified as operating lease. The mark to market on derivative contracts is determined on a portfolio basis with net unrealized losses being recognised in profit and loss account. 28 K o t a k M a h i n d r a Pr im e Lim it ed . N. ADVANCES Amounts paid for acquiring non performing assets from other banks/NBFCs/Financial Institutions/Companies are considered as advances. (ii) Expenses that are directly identifiable with/allocable to segments are considered for determining the Segment Results. The impairment loss recognised in prior accounting periods is reversed if there has been a change in estimate of recoverable amount. Q. Net unrealized gains are not recognised in profit and loss account on grounds of prudence as enunciated in Accounting Standard – 1 Disclosure of Accounting Policies. Lease rentals are charged to the Profit and Loss Account on accrual basis. In the absence of quoted market prices a valuation technique is used to determine fair value. P. STRUCTURED LIABILITIES The Company has issued structured liabilities wherein the return on these liabilities is linked to non interest benchmarks. doubtful and loss as required by the guidelines on purchase/sale of non performing assets issued by the Reserve Bank of India. in the nature of hedge. Contingent liabilities are not recognised but are disclosed in the notes. Such structured liabilities have an embedded derivative which is the non interest related return component. at the reporting date are disclosed at the contract amount. Embedded Derivatives and Equity Index Futures These derivative contracts are measured at fair value as at each balance sheet date. such assets are treated as “standard” for a period of 90 days from the date of purchase. O. Contingent assets are neither recognised nor disclosed in the financial statements. 2009 (Contd. Unallocable corporate assets and liabilities represent the assets and liabilities that relate to the Company as a whole and not allocable to any segment. (Refer accounting policy on Derivative Transactions No.Schedules forming part of the Financial Statements for the year ended 31st March. The expenses which relate to the Company as a whole and not allocable to segments are included under Unallocable expenses. Fair value of derivatives is determined using quoted market prices for that instrument wherever available. The embedded derivative is separated and accounted separately. OPERATING LEASE Assets acquired on leases. Unallocated assets mainly comprise Advance payment of taxes and tax deducted at source (net of provision for taxation).

67.60 lakhs).19 Note: Provision for gratuity benefits.75 63.889.869.957 (Rs. (iv) The Company has received a demand of Rs. The said amount is disputed and the company has preferred an appeal against the same. 75.42 lakhs) (Previous year Rs.091.15 lakhs) not acknowledged as debts against which bank guarantees of Rs.20 lakhs)) 3 contracts by way of Currency Swaps.75 31-03-2008 Rupees in lakhs 54.23 lakhs (Previous year Rs.091. 13. USD 58.) II.187. which is based on actuarial valuation done on an overall basis for the company is excluded in the remuneration shown above. C.645. Kotak Mahi ndra Pri me Li mi te d 29 .05)) 3 contracts by way of Forward Exchange Contracts. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs.58% (Previous year 11. 2009 (subject to audit) 31-03-2009 Rupees in lakhs Assets Liabilities Income Expenses 44.43 20. income and expenses related to the interest in the jointly controlled entities based on the accounts for the year ended 31st March. 40.614 (Rs.98 21.85 lakhs).24%) ownership interest in Kotak Mahindra Old Mutual Life Insurance Limited (incorporated in India) which falls under the category of Jointly Controlled Entity as per Accounting Standard 27 Financial Reporting of Interests in Joint Ventures issued by the Institute of Chartered Accountants of India.204. the company has acquired a 10.691.36 22. 12.66 31-03-2008 Rupees in lakhs 36. 2009 (Contd.47 21.000 (Rs.918.16 5. 78.636.17 lakhs) in respect of assignment of receivables to which the assignee has a recourse. NIL (Previous year Rs.720.889. B. E. 6.74 lakhs (Previous year Rs. 1.40 lakhs).31 lakhs).536 lakhs (Previous year Rs.95 2.31 lakhs have been furnished (Previous year Rs.717. The company had made a payment of 50% of the demand and filed an appeal in Karnataka Appellate Tribunal. 15.05 34. Contingent Liabilities (i) Payments made by company for release of repossessed vehicles amounting to Rs.62 lakhs) for varying maturities linked to various benchmarks as well as foreign currency option and forward exchange contracts for asset liability management and hedging. 31.982. 2.56 2.84 D.76 42. the company had received demand for Value added tax for the period August 2005 to December 2005 of Rs.16 lakhs (including interest of Rs. 1724.62) are hedged against foreign currency risk as under: 1. on completion of income tax assessment for the assessment year 2007-08. All the foreign currency borrowing of the company of USD 79.42 lakhs outstanding as at the year end (Previous year Rs.38) 1 contract by way of Foreign Currency Option.68 lakhs (Previous year Rs. Managerial remuneration under Section 198 of the Companies Act 1956 to a Manager for the year 31-03-2009 Rupees in lakhs Salary Contribution to Provident Fund Employee Stock Option Plan (Refer note M below) Perquisites in cash or in kind Total 50. NOTES TO THE ACCOUNTS A.650. 1.72 0.431.92 — 63.88 9.833. (iii) In the earlier years. USD 5. 466. 13. 29.044.896.Schedules forming part of the Financial Statements for the year ended 31st March.000. 15.657 (Rs. The amounts for the same has been paid to the credit of the central government. During the year. 3. the matter has been settled in favour of the company. 244. 23.076.49 lakhs (including interest of Rs. Aggregate amounts of assets. Disclosure regarding Derivative Transactions: The Company has entered into Interest Rate Swaps/Currency Interest Rate Swaps in the nature of ‘Fixed/floating’ or ‘Floating/fixed’ for notional principal of Rs. liabilities. 13.612. (ii) Credit collateral of Rs. USD 15.15 lakhs (Previous year Rs. 2. 7. In terms of a Joint Venture agreement entered into by the company with Kotak Mahindra Bank Limited and Old Mutual Financial Services (UK) Plc.

53 8.889.00 5.998.88 76.842.032.136.24 lakhs (Previous year Rs.790.553.17 F.701 — — — — — — — 719.109.121 2.609. The company enters into index futures for the purpose of covering benchmark returns on structured liabilities.00 59.27 2.262 1.581 167.184.074 103.744.959 800.731.158 87.700.730 767.712.700 30 April 2009 726 36.51 16.557.283.691.27 2. 2009 (Contd.00 124.597.002.114.71 114.300 Expiration Date No of contracts Open long position (No of units) The initial margin of Rs. 645. Investments: The company has purchased and sold during the year the following investments 31-03-2009 Quantity Mutual Fund Kotak Liquid Institutional Premium Daily Dividend Reliance Liquidity Fund Daily Dividend HDFC Cash Management Fund Savings Plan – Daily Dividend Pru ICICI Institutional Liquid Plan Super Institutional – Daily Dividend Pru ICICI Institutional Liquid Plan Super Institutional – Flexible HSBC Cash Fund Institutional Plus – Daily Dividend Birla Cash Plus Plan Institutional Premium – Daily Dividend Templeton Treasury Management Super Institutional – Daily Dividend Tata Liquid Super High Interest Fund – Daily Dividend Kotak Liquid (Institutional Premium) – Growth Reliance Liquid Fund Treasury Plan Institutional – Growth DSP Merrill Lynch Liquidity Fund Institutional – Growth HDFC Cash Management Fund Savings Plan – Growth ICICI Prudential Institutional Liquid Plan Super Institutional – Growth HSBC Cash Fund Institutional Plus – Growth Birla Sun Life Cash Plus Institutional Premium – Growth — — — — — — — — — 1.625 56. 2009 S & P CNX Nifty As at 31st March.21 — — — — — — — Rupees in lakhs 31-03-2008 Quantity Rupees in lakhs 30 K o t a k M a h i n d r a Pr im e Lim it ed .378 60.620 343.001.222 1.600.885.000.666 22.00 156.780. G.812. Details of non performing financial assets purchased 31-03-2009 Rupees in crores No.Schedules forming part of the Financial Statements for the year ended 31st March.888 — — — — — — — — — 268.50 10.470.022.57 127.217.143.32 31-03-2008 Rupees in crores 1 74.608 1.45 lakhs) on the above positions in the form of Cash/Deposits has been placed with the Trading Member.040 99.449.357.300.057 11. 2008 S & P CNX Nifty 24 April 2008 2.679.00 8.994.858.77 6. of accounts purchased during the year Aggregate Outstanding NIL 1.) Open interest in index futures Equity Stock/Index Futures As at 31st March.13 235.023.

007 Rupees in lakhs 3.300 39.000 64.64 100.699.000 14.15 10 323.37 99.36 50. Earnings Per Share (EPS) – The numerators and denominators used to calculate Basic and Diluted Earnings Per Share: 31-03-2009 In lakhs Profit attributable to the Equity Shareholders (Rs.232.95 60.42 31-03-2008 Quantity — — — 7.01 104.) 31-03-2009 Quantity Templeton India Treasury Management Super Institutional Plan – Growth Principal Cash Management Fund Liquid Option Institutional Premium – Growth Tata Liquid Super High Investment Fund – Appreciation Equity Shares Adlabs Films Limited Akruti City Limited Apollo Hospitals Limited Bharti Airtel Limited BHEL Bombay Dyeing Limited Century Textiles & Industries Limited Godrej Industries Limited Housing Development and Infra Ltd IDBI Limited ICICI Bank Limited Indiabulls Financial Services Limited ING Vysya Bank Limited Jaiprakash Associates Larsen & Toubro Limited LIC Housing Finance Limited Network 18 Media and Invt Limited NTPC Limited ONGC Limited Punj Lloyd Limited Reliance Industries Limited Debentures Tata Capital Limited Shriram Transport Finance Limited Units of Venture Fund India Growth Fund — — 314.61 52.400.31 31-03-2008 In lakhs 10.000 8.83 47.062.000 Rupees in lakhs — — — 64.805 — 3.15 31.000 — 2.03 Kotak Mahi ndra Pri me Li mi te d 31 .341 25.961 — 3.62 32.10 85.14 31.000 — — — 56.01 85.20 60.000 9.) – (A) Basic/Weighted average number of Equity Shares outstanding during the year – (B) Diluted number of Equity Shares outstanding during the year Nominal value of Equity Shares (Rs.47 — — 8.05 — — — — 7.000 6.300. 2009 (Contd.03 96.337.500 4.63 66.) Basic and Diluted Earnings per share (Rs.148.000 12.000 22.021 20.91 32.052.000 655.822 12.56 — 69.77 — — — — — 45.Schedules forming part of the Financial Statements for the year ended 31st March.48 267.000 — — — — — 2.03 — 99.000 19.07 H.000 — — — — — — — — — 9.41 141.43 46.964 1.975 34.39 — 8.00 4.62 10 481.00 20.) – (A)/(B) 15.000 — — 800 85.19 — — — — — — — — — 246.000 — 15.000 4.

The Company has reimbursed the Bank Rs. (b) Where the Company is a sub-lessor (i) The company has sublet some of the premises under operating lease. Guidelines 1999. the basic and diluted EPS of the company would have been lower by Rs. 53.09 per share (Previous year 1. allowances and bonus” under Schedule 13.303.04 lakhs and Net profit after tax would have been higher by Rs. residential and godown premises under operating lease or leave and licence agreements. Had the previous accounting policy been followed the interest for the year would have been lower by Rs. 33. Recovery of expenses in Schedule 13 and 15 are amounts recovered from associate companies towards the value of costs apportioned of the Company’s employees and facilities in accordance with the agreements on allocation of expenses with the companies.904. 411. M. the following four Employee Stock Option Scheme (“Scheme”) had been formulated and adopted: Kotak Mahindra Equity Option Scheme 2001-02 Kotak Mahindra Equity Option Scheme 2002-03 Kotak Mahindra Equity Option Scheme 2005 Kotak Mahindra Equity Option Scheme 2007 Consequent to the above.03 lakhs (Previous Year Rs. 62.46 lakhs).53 lakhs) later than one year and not later than five years: Rs. The company has taken various premises under operating lease and has sub let some of them. (“the Bank”). In terms of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase). mark to market gains on equity index futures were not recognized. The company enters into finance lease agreements ranging between one to five years. 2. Small and Medium Enterprises Development Act. (a) Where the Company is a lessee (i) The company has taken various offices. (iii) The future minimum lease payments under non-cancellable operating lease – not later than one year : Rs. 26th July.59 lakhs (Previous year Rs. 1. 4. 5th July. The company is in the business of vehicle financing. the Bank has granted stock options to employees of the Company. 2007 and 21st August. Kotak Mahindra Bank Limited. the option discount (being excess of the market price of the share over the exercise price of the option) is to be accounted for as employee compensation and shall be amortised on a straight line basis over the vesting period. 2005. 294.45 lakhs (Previous year Rs. taken to cover benchmark returns on these liabilities are accounted for as per accounting policy on Derivative Transaction No K.43 lakhs). 691.67 lakhs).Schedules forming part of the Financial Statements for the year ended 31st March. 194. These are generally cancellable and are renewable by mutual consent on mutually agreeable terms. The accumulated provision for uncollectible minimum lease/hire purchase payments receivable is Rs. from the date of incurrence of such liabilities is determined as per effective interest method whereas in earlier years it was linked to the non interest benchmark. At the General Meetings of the holding company.39 lakhs (Previous year Rs. 7. 41.) I.43 lakhs (Previous year Rs. (ii) Lease payments recognised in the statement of Profit and Loss Account under ‘Rent and licence fees for Premises’ in Schedule-15 Rs.43 lakhs (Previous year Rs. 32 K o t a k M a h i n d r a Pr im e Lim it ed . (ii) The sub-lease income recognised in the profit and loss account under ‘Other Miscellaneous Income’ in Schedule-12 is Rs.45 lakhs) and the profit before tax would have been lower by the same amount.33 per share). relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given. 7. Had the company recorded the compensation cost computed on the basis of Fair Valuation method instead of Intrinsic Value method.80 lakhs (Previous year Rs. The charge. 61. Expenditure in foreign currency on interest is Rs. if any. 26th July. 15.88 lakhs). 2006 and hence disclosures. The Company has not received any intimation from “suppliers” regarding their status under the Micro. N. Pursuant to these resolutions. the shareholders of the Bank had unanimously passed Special Resolutions on 28th July. L. These are generally cancellable and range between 11 months and 9 years under leave and licence agreement and are renewable by mutual consent on mutually agreeable terms. K.12 lakhs) during the year on account of such costs and the same is forming part of Employee costs and included under the head “Salaries. The derivative embedded in such structured liabilities and equity index futures. 2009 (Contd. hitherto. 1. 2004. 14. 49.10 lakhs.97 lakhs (Previous year Rs. From current year the company has changed its accounting policy in relation to structured liabilities. J. 2007 to grant options to the Eligible Employees of the Bank and its subsidiary companies. O. On account of the same. 2000. employee compensation cost would have been higher by Rs. 6.23 lakhs).

in which.07 11. seniority.42 24.31 33. 3. in accordance with Accounting Standard Board guidance on implementing AS 15. for next 2 years & 6% p. for first year 10% p.18% p. 0% p.a.a. for first 2 years 10% p. for next 2 years & 6% p. thereafter 8. The plan provides a lump sum payment to vested employees at retirement or termination of employment based on the respective employee’s salary and the years of employment with the Company subject to maximum of Rs. Employee Benefits: Reconciliation of opening and closing balance of the present value of the defined benefit obligation for gratuity benefits is given below: 31-03-2009 Rupees in lakhs Change in Unfunded benefit obligations Opening Present value of unfunded benefit obligations Service cost Interest cost Benefits paid Liabilities assumed on acquisition/settled on divestiture Actuarial (gain)/loss on obligations Closing Present value of unfunded benefit obligations Cost recognised for the period Current service cost Interest cost Expected return on plan assets Actuarial (gain)/loss Net gratuity cost Actuarial assumptions used Discount rate Salary escalation rate 7.73 — (9.a. 78. a defined contribution plan. If the liability had been determined based on the full cost method the profit for the previous year would have been lower by Rs.98 121.41) 132. Under the scheme. The gratuity benefit is provided through unfunded plan and annual contributions are charged to profit and loss account.56 lakhs.02 121. Gratuity In accordance with Payment of Gratuity Act. both the employee and the Company contribute monthly at a determined rate.a. Employee Benefits (revised 2005).28 — 22. the Company has changed the method of estimating liability for compensated absences from full cost method to determination on the basis of a actuarial valuation. The employee contributes 12% of his or her basic salary and the Company contributes an equal amount.) P. a defined benefit retirement plan covering all employees.a.28 (29.24 22. the settlement obligation remains with the Company. Provident fund In accordance with Indian regulations.50 lakhs. considered in actuarial valuation. Accumulated Compensated Absences The leave encashment on separation is paid on basic salary.33) 0.02 53. Kotak Mahi ndra Pri me Li mi te d 33 . 2009 (Contd. thereafter 33. 15% p. employees of the Company are entitled to receive benefits under the provident fund.93) (9.07 11.90) (16. which has been relied upon by the auditors.Schedules forming part of the Financial Statements for the year ended 31st March.31 31-03-2008 Rupees in lakhs The estimates of future salary increases.68 7.68 7.14% p.41) 35. promotion and other relevant factors such as supply and demand in the employment market.73 (6.a. the Company provides for gratuity.a.87 96. These contributions are made to a recognised provident fund.39 24.a. In the previous year. take account of inflation. Gratuity benefit is based on the actuarial valuation done as on 31st March 2009.

76 — 53.91 1.210.24 — — (7.87 — 98.24 — 1.220. the company is required to comply with the norms for Concentration of Credit/Investment as well as maintain the Capital adequacy ratio.76 8.463. for Banking companies.457 67 444.038.50 564.04 60.355.871.97 NIL Collection and paying agent or servicer 12.79) — — — — — 9.17 — 19.05 — 487.594. Other lending activities and Treasury and Investments as primary segments and one Geographical Segment ie India as secondary segment.79 1.87 1.Schedules forming part of the Financial Statements for the year ended 31st March.471.62 — 7.927.56 — — 649. the company is considered to be systemically important non-deposit taking non-banking finance company.99 551.596.39 576.04 — 30.67 — — — — — 493.29 Rupees in lakhs 53.90 — 498.75 Rupees in lakhs 98. liquidity support provided Nature of post securitisation support Assets De-recognised on Assignment of Receivables bilaterally with Banks and Corporates 31-03-2009 Rupees in lakhs 154.997.594. Accordingly.328.487.61 — — — — — 498.291.29 1.17) — (1.582.37 10.62 1.91 — 602.73) Total Rupees in lakhs Segment Revenue Income from external customers Income from inter segment Total Revenue Segment Result Add: Unallocated income Less: Unallocated expenses Less: Income tax(including deferred tax) Net Profit Other Information Carrying amount of segment assets Unallocated corporate assets Total Assets Carrying amount of segment liabilities Unallocated corporate liabilities Total Liabilities Cost to acquire fixed assets Depreciation/Amortisation Non cash expenses other than depreciation 70.927.621.242.36 636.028.002.217.04 34 K o t a k M a h i n d r a Pr im e Lim it ed .44 15.062.71 — — — — — 7.699.636.32 15.210.62 60.530.01 30.39 401.783.61 NIL Collection and paying agent or servicer 9.14 3.) Q. 31-03-2009 Vehicle Financing Other Lending activities Rupees in lakhs 28.67 — 70.49 Total Vehicle Financing 31-03-2008 Other Treasury and Lending Investment activities activities Rupees in lakhs 19.32 — 73.39 — 1.56 — 60.82 — 401.328.57 605.37 — 28.334.27 R. 2007.656.96 3.92 — — — — — 126.11 136.217.893.446.66 517. Assets De-recognised Securitisation Book value of advances securitised Number of accounts Sale consideration received for the accounts securitised Gain on securitisation amortised Credit enhancement.91 Rupees in lakhs 1.636.157.997.11 1.140.883.498.39 — 9.82 — — 95. the Company has identified three business segments ie Vehicle Financing.256.01 — 99.08 565.214.13 174.236.92 31-03-2008 Rupees in lakhs 440.05 491.74 58.80 570.47 — — — — — 99.86 Rupees in lakhs 73.487.138.355. 2009 (Contd.08 519.321.90 502.16) (707.91 2. Segmental Reporting: In accordance with Accounting Standard 17 on Segment reporting issued by the Institute of Chartered Accountants of India.06 1.85 194. the company has followed the rules prescribed in this regard. S.220.323.256.150.096.05 Treasury and Investment activities Rupees in lakhs (1. securitisation and other loans/services. the differing risks and returns and the internal financial reporting system.26 3129.038.13 174. Vehicle Financing includes Retail and Wholesale trade finance .401.240.Other Lending activities include financing against securities.56 — 493.35 — — 8.830.14 — 632.472.291.745.17 6.56 487.638. As per the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. Segments have been identified and reported taking into account the nature of product and services.88 24.67 14. While there is no specific requirement to maintain capital adequacy on financial derivatives. Treasury and Investment activities include proprietary trading in securities.240.830.62 — 126.786.617.617.24 — — 5.379.06 887.10 10.99 — 502.157.99 1.150.529 21 155.745.471.

Kotak along with relatives and entities controlled by him holds 48. Uday Kotak.56% of the equity share capital of Kotak Mahindra Bank Limited as on March 31. Other related parties: Fellow Subsidiaries Kotak Mahindra Capital Company Limited Kotak Securities Limited Kotak Mahindra Asset Management Company Limited Kotak Mahindra Investments Limited Kotak Mahindra Old Mutual Life Insurance Limited Kotak Investment Advisors Limited Key Management Personnel Mr. Non Executive Chairman Mr. 2008 Joint Venture Kotak Mahindra Old Mutual Life Insurance Limited – Joint Venture with Kotak Mahindra Bank Limited and Old Mutual Financial Services (UK) plc Others: Associate Company Phoenix ARC Private Limited Enterprises over which Director/relatives/ Key Management Personnel have significant influence Aero Agencies Limited Infina Finance Private Limited Mutual Fund/Venture Capital Fund managed by fellow subsidiary Kotak Mahindra Mutual Fund Managed by fellow subsidiary – Kotak Mahindra Asset Management Company Limited Kotak Real Estate Fund and India Growth Fund Managed by fellow subsidiary – Kotak Investment Advisors Limited Kotak Mahi ndra Pri me Li mi te d 35 .) T. 2009 (Contd. Sumit Bali CEO and Manager Mr.65% of the share capital Uday S. Sudhakar Shanbhag COO till 30th September.Schedules forming part of the Financial Statements for the year ended 31st March. 2009. Related Party Disclosures: Parties where control exists: Holding Company Kotak Mahindra Bank Limited holds 54.

65 — — — 17.49) — (4.00 — 17.00 — 623.) The following transactions were carried out with related parties in the ordinary course of business: Nature of transaction Holding Company Fellow Subsidiaries Associate Company Key Management Personnel Enterprises over which Director/ Relatives/Key Management Personel have significant influence Rupees in lakhs Mutual Fund/ Venture Capital Fund managed by Fellow Subsidiary Total Shares issued Kotak Securities Limited Premium received on issue of shares Kotak Securities Limited Non Convertible Debentures issued Kotak Investment Advisors Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Old Mutual Life Insurance Ltd.65 — — — — (25.500.00 — 15.00 — 21. Term Loans obtained Term Loans repaid Outstandings – Payables Kotak Securities Limited 17.77 — 149.00 — 623.000.65) 21.500. Non Convertible Debentures Redeemed Kotak Investment Advisors Limited Non Convertible Debentures Outstanding Kotak Investment Advisors Limited Kotak Mahindra Investments Limited Kotak Securities Limited Interest payable on debenture issued Kotak Investment Advisors Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Old Mutual Life Insurance Ltd.00 — 1.00 — 800.500.00 — 21.00 (500.975.13 — 36.00 — 61.500.500.300. 2009 (Contd.65) — (4.000.55 (377.26) — (132.00 — 17.500.975.49) — (25.000.00 — 800.500.99 — 437.55 (245.65) 21.500.000.49) — (25.00 — — (500.975.77 — 149.500.00 — 15.00 — 1.975.000.06) 61.06) — (132.00 — 15.13 — 36.00 — — (500.800.00 — 4.00 — 1.Schedules forming part of the Financial Statements for the year ended 31st March.49) — (4.06) 36 K o t a k M a h i n d r a Pr im e Lim it ed .00 (500.300.00 — 4.00) 800.00 — 1.00) 5.000.99 — 437.00 — 15.00 — — (132.65) — (4.20) — (25.00) 5.800.00) 800.500.

200.07) — (886.379.283.000.00) 33. 2009 (Contd.63) 268.37) — (655.625.498.004) 0.004 (0.200.379.004 (0.57 (36.498.63) 268.500.691.148.76 — 4.88) — (375.05 — 0.691.76 — 4.000. Assignment of Receivables Interest Rate Swaps (Off Balance Sheet) Contracts for Interest Rate Swaps settled during the year (Off Balance Sheet) Purchase of units of Kotak Real Estate Fund Sale of units of Kotak Real Estate Fund Income on units of Kotak Real Estate Fund Purchase of units of India Growth Fund Sale of units of India Growth Fund Purchases of units of Kotak Mahindra Mutual Fund 7.07) — (886.004) 3.625.76 — 4.200.000.200.11) 6.00) 33.88) 268.733.148.51 (719.00 (28.05 — 3.00) — (63.53) — (195.733.75 — Kotak Mahi ndra Pri me Li mi te d 37 .00 (30.75 — 1.00 — 66.00 — 66.51 (719.26 (720.00 — Purchase of equity shares (of Phoenix ARC Private Ltd.92 — 30.05 — 3.80) 95.00 — 4.Schedules forming part of the Financial Statements for the year ended 31st March.148.76 — Sales of units of Kotak Mahindra Mutual Fund 268.37) — (655.733.80) 95.00 (30.733.00) 0.05 — 7.004 (0.00 — 1.92 — 30.26 (720.500.00) — (63.500.148.500.004 (0.00 — 1.00) — (375.000.00 (28.) Nature of transaction Holding Company Fellow Subsidiaries Associate Company Key Management Personnel Enterprises over which Director/ Relatives/Key Management Personel have significant influence Mutual Fund/ Venture Capital Fund managed by Fellow Subsidiary Total Demat charges Payable Kotak Securities Limited Sale of Tata Capital Debentures Kotak Mahindra Old Mutual Life Insurance Ltd.283.00 — 66.) Kotak Mahindra Capital Company Limited Purchase of recivables Infina Finance Private Limited 66.53) Dividend on units of Kotak Mahindra Mutual Fund Profit on sale of units of Kotak Mahindra Mutual Fund Purchase of equity shares (of Phoenix ARC Private Limited) 1.11) 6.57 (36.004) 0.00 — — (195.004) 3.

46 (206.32 (67.29 — 14.68 (19.80) 10.09) 10.16) — (1.14 (139.35 — 317.364. Kotak Mahindra Investments Limited Kotak Securities Limited Interest received on Term Deposits Kotak Securities Limited Profit on Assignment of KMP Receivables Miscellaneous Income Interest Income on Tata Capital Debentures Kotak Mahindra Old Mutual Life Insurance Ltd.39 (1.00 (7.85) — (0.83 (2.24) 17.276.36 (73.00) 4.36 (73.10) 0.14) 92.74) 2.90) 8.10 (0.89) 215.00 (7.16) — (1.070.59) 11.61 (17.070.070.36 — 10.070.070.94) 215.32 (20.36 — 215.35 — 409.10 (7.50 — 49.00) 1.30) 21.61 (17.36 — — — — — 147.35 (0.74) 2.26) 92.32 (0.30) 21.14) 336.50 — 49.10) 10.00 (1.80) 17.68 (19.39 (2.89) 8.85) — (0. Premium receivable on Interest Rate Swaps Bank Balance in Current/OD Account Outstandings – Receivables Kotak Mahindra Old Mutual Life Insurance Ltd.80) 0.) Nature of transaction Holding Company Fellow Subsidiaries Associate Company Key Management Personnel Enterprises over which Director/ Relatives/Key Management Personel have significant influence Mutual Fund/ Venture Capital Fund managed by Fellow Subsidiary Total Term Deposits placed Kotak Securities Limited Interest receivable on Term deposits (net of Tds) Kotak Securities Limited Deposits Kotak Mahindra Old Mutual Life Insurance Ltd.00 (1.61 (17.070.00 (7.40) 10.00 (1.11 (6.90) 2.44 (20.86 (108.36 — 10.32 (67.Schedules forming part of the Financial Statements for the year ended 31st March. Interest Rate Swaps Receipts License fees received Kotak Mahindra Asset Management Co.787.43 (8.857.00) 20.32 (0.89) 215.89 — 0.81) 0.94) 38 K o t a k M a h i n d r a Pr im e Lim it ed .63) 1.276.03 (20.67) 1.35 (0.04) 17.71) 0.09) 10.86 (14.86 (14.86 (108.63) 1. Limited Kotak Mahindra Old Mutual Life Insurance Ltd.30) 10.89 — 0.89) 147. 2009 (Contd.32 (67.857.36 (73.14) 336.350. 3.40) 92.927.36 (73. Fee based income Kotak Mahindra Old Mutual Life Insurance Ltd.59) 11.32 (2.67) 1.

11) 23.53 — 437.58) 159.00) 333.19 (1.73 — — — 2.61 (28.00) 12.74) 12.37 (34.84 — 9.37 (34.14 (28.004) — (0.12 (15.57) 11.86 (50.29) 25.) Nature of transaction Holding Company Fellow Subsidiaries Associate Company Key Management Personnel Enterprises over which Director/ Relatives/Key Management Personel have significant influence Mutual Fund/ Venture Capital Fund managed by Fellow Subsidiary Total Common Establishment Expenses – Recovered Interest Rate Swaps Payments Interest on CC Interest on Term Loan Brokerage paid Kotak Securities Limited Interest on debentures paid Kotak Investment Advisors Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Old Mutual Life Insurance Ltd.58) 60.19 (1.00 (12.93) — (36.62 (220.Schedules forming part of the Financial Statements for the year ended 31st March.61 (28.00) 0. 2009 (Contd.00) 0.86 (50.37 (34.61 (28.53 — 437.19 (1.30) 23.12 (15.00 (60.00) 321.84 — 9.69) — (0.58) 60.30) 23.61 (28.65 — — (23.00 (12.16 (23.14 (28.48) 411. Data Processing Expenses Common Establishment Expenses – Reimbursed Kotak Mahindra Investments Limited Guest House Charges paid Fee based expense (net of service tax) License fees paid Demat charges paid Kotak Securities Limited Insurance Premium paid Kotak Mahindra Old Mutual Life Insurance Ltd.004) — (0.65 — — (23.11) 25.19 (1.58) 159.30) 2.00 (60.98 — 132.16 (23.74) 12.73 — 25.004) 2.11) 23.76) 825. Cost of travel tickets purchased Aero Agencies Limited 2.76) 825.29) 730.00 (12.29) 730.98 (194.98 — 132.37 (34.98 (194.11) Kotak Mahi ndra Pri me Li mi te d 39 .30) 2.62 (232.004) 2.57) 11.48) 411.93) — (36.29) 25.69) — (0.

24) 1.24 (5.67 (1.92 — 9.24 — 0.19) 48.02) 91.92 (123.67 (1.19) 10. of Shares – (21.17 (59. Phoenix ARC Private Limited Renunciation of right issue of Kotak Mahindra Old Mutual Life Insurance Limited Kotak Mahindra Capital Company Limited No.07) — — 0.060.25) 30.63) 11. of Shares – 3.67 — 365. Limited Kotak Mahindra Old Mutual Life Insurance Ltd.32 (13. Figures in bracket indicates previous year figures 40 K o t a k M a h i n d r a Pr im e Lim it ed .44) — — 0.09 (5.91 — — (0.02) 91.99) 13.59 (11.83) * Excludes provision for gratuity. since it is based on actuarial valuation done on an overall basis.) Nature of transaction Holding Company Fellow Subsidiaries Associate Company Key Management Personnel Enterprises over which Director/ Relatives/Key Management Personel have significant influence Mutual Fund/ Venture Capital Fund managed by Fellow Subsidiary Total Expense reimbursement by other company Kotak Mahindra Capital Company Limited Kotak Mahindra Investments Limited Kotak Securities Limited Kotak Mahindra Asset Management Co.71 (269.18 — — — 0.89) — (6.06) — (2.25) 366.83) 0.75 (63.92 — — — — — — — 139.92 — 0.18 — — — — — 139. Expense reimbursement to other company Kotak Mahindra Investments Limited Kotak Mahindra Old Mutual Life Insurance Ltd.94) 1.75 (63.30) 1.99) 13.19) 48.24 — 0.91 — — (0.08 (7.19) 10.67 — 81.95) 9.67 (10.000 Kotak Mahindra Capital Company Limited No.18 — 91.989) Remuneration to key management personnel* Sumit Bali Sudhakar Shanbhag 19.04 (258.06) — (2.89) — (6.95) 9.375. 2009 (Contd.09 (5.17 (59. Kotak Securities Limited Reimbursement to Other Company – Purchase of Assets Reimbursement by Other Company – Sale of Assets Kotak Mahindra Old Mutual Life Insurance Ltd.Schedules forming part of the Financial Statements for the year ended 31st March.49 (11.92 (123.

Unquoted: (i) Shares: (a)  Equity (b)  Preference (ii) Debentures and Bonds (iii) Units of mutual funds (iv) Government Securities (v) Others (Amount in Rs.) U.Schedules forming part of the Financial Statements for the year ended 31st March.017 NIL 7 NIL 666 479. Schedule to the Balance Sheet of a non-deposit taking non-banking financial company (as required in terms of paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. 2007).000 46.528 NIL 123.728 (4) NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL Kotak Mahi ndra Pri me Li mi te d 41 .478 (3) 1. lakhs) Amount Amount Outstanding Overdue (1) NIL 303. Quoted: (i) Shares: (a)  Equity (b)  Preference (ii) Debentures and Bonds (iii) Units of mutual funds (iv) Government Securities (v) Others 2. 2009 (Contd.910 NIL NIL NIL NIL NIL NIL NIL NIL NIL Amount Outstanding (2) 28.841 74.115 1. Particulars Liabilities Side: Loans and advances availed by the NBFCs inclusive of interest accrued thereon but not paid: (a) Debentures: Secured Unsecured (other than falling within the meaning of public deposits *) (b) Deferred Credits (c) Terms Loans (d) Inter-corporate loans and borrowing (e) Commercial Paper (f) Other Loans Debenture Application Money Security Deposits from customers Tier II Debentures * Please see Note 1 below Assets Side: Break-up of Loans and Advances including bills receivables [other than those included in (3) below]: (a) Secured (b) Unsecured Break-up of Leased Assets and stock on hire and other assets counting towards AFC activities (net of provision) (i) Lease Assets including lease rentals under sundry debtors: (a) Financial Lease (b) Operating Lease (ii) Stock on hire including hire charges under sundry debtors: (a) Assets on hire (b) Repossessed Assets (iii) Other loans counting towards AFC activities: (a) Loans where assets have been repossessed (b) Loans other than (a) above Break-up of Investments: Current Investments: 1.575 NIL 146 8.

Unquoted: (i) Shares: (a)  Equity (b)  Preference (ii) Debentures and Bonds (iii) Units of mutual funds (iv) Government Securities (v) Others .650 NIL Notes: 1.103 ** As per Accounting Standard of ICAI (Please see Note 3) Other information: Particulars (i) Gross Non-Performing Assets (a) Related parties (b) Other than related parties (ii) Net Non-Performing Assets (a) Related parties (b) Other than related parties (iii) Assets acquired in satisfaction of debt (7) Amount NIL 9.991 NIL 5.103 8. 2006 and Guidance Notes issued by ICAI (also refer Schedule 17 (B)(iii)) are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt.375 2. Other than related Parties 1. Other than Related Parties 510. Please see Note 2 below: Category Amount Net of provisions Secured Unsecured 1.Units of Kotak India Real Estate Fund Borrower group-wise classification of assets financed as in (2) and (3) above.437 Total 8. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non deposit accepting or holding) Companies Prudential Norms (Reserve Bank) Directions.437 (Amount in lakhs) Total NIL 1.375 575. Related Parties ** (a) Subsidiaries NIL NIL (b) Companies in the same group 5. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions. 3.259 64.478 NIL NIL NIL NIL NIL NIL 6. Quoted: (i) Shares: (a)  Equity (b)  Preference (ii) Debentures and Bonds (iii) Units of mutual funds (iv) Government Securities (v) Others 2. Related Parties ** (a) Subsidiaries NIL NIL (b) Companies in the same group NIL 1.437 1.250 584.737 (6) Investor group-wise classification of all investments (current and long term) in the shares and securities (both quoted and unquoted): Please see Note 3 below: Category Market Value/Break up or Book Value fair value or NAV (Net of Provisions) 1.266 1. 2009 (Contd. 2007.400 (c) Other related parties 1.991 Total 510.266 2.112 8.) (5) Long Term Investments: 1. 2. 1998.400 5.112 (c) Other related parties NIL 8.Schedules forming part of the Financial Statements for the year ended 31st March.666 NIL NIL NIL NIL 1. 42 K o t a k M a h i n d r a Pr im e Lim it ed . However. All Accounting Standards notified under the Companies (Accounting Standards) Rules.259 74. market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in column (4) above.

industrial or warehouse space.00 — 1.61 275. development and construction.00 1. Residential b.626.38 — 781. etc).571.85 Rs.976.91 0. and are to be read in relation to the amounts and other disclosures relating to the current year.03 5.16 — Current Year Previous Year — (ii) Commercial Real Estate – 32. multi-tenanted commercial premises.32 125.125/03. Figures of the previous year have been regrouped/reclassified wherever necessary to correspond with the figures of the current financial year.51 220. Lending secured by mortgages on commercial real estates (office buildings.30 — 275.346.93 1.198. amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements.33 81. Commercial Real Estate — 40.00 575. Disclosures pursuant to Guidelines for NBFC-ND-SI vide circular no NBS(PD).02 (iii) Investments in Mortgage Backed Securities (MBS) and other securitized exposures – — — (b) Indirect Exposure Fund based and non-fund based exposures on National Housing Bank (NHB) and Housing Finance Companies (HFCs). in Lakhs Exposure to Real Estate Sector Category (a) Direct Exposure (i) Residential Mortgages – Lending fully secured by mortgages on residential property that is or will be occupied by the borrower or that is rented.79 — 9. retails space.92 419.76 81.11 — 1. multi-family residential buildings.23 311.60 Over one Month to 2 Months Over 2 Months upto 3 Months Over 3 Months upto 6 Months Over 6 Months upto 1 Year Over 1 Year upto 3 Years Over 3 Years upto 5 Years Over 5 Years Total W.72 1. multipurpose commercial premises. V.15 3.00 600.160. Kotak Mahi ndra Pri me Li mi te d 43 . CRAR Items (i) (ii) (iii) CRAR (%) CRAR – Tier I Capital (%) CRAR – Tier II Capital (%) Current Year 15.67 — 1.36 — 215. Accordingly.54 13.231. in crores) Maturity Pattern of Certain items of Assets and Liabilities 1 Day to 30/31 Days (One Month Liabilities Borrowings from banks Market Borrowings Assets Advances Investments 901.No. Comparative financial information is presented in accordance with the ‘Corresponding Figure’ financial reporting framework set out in Auditing and Assurance Standard on Comparatives.76 10. land acquisition.02 15. hotels.002/2008-2009 dated August 1.75 — 259.03 10.CC. — Asset Liability Management (Rs. a.00 427.05.61 Previous Year 11. 2008.38 — 59.601.25 585.

N A (ITC Code) Product Description V S E E H C I U C R L I E T F E I S N A F N I C N E A I N C E For and on behalf of the Board of Directors Shanti Ekambaram Director Mumbai Dated: April 29. 2009 Harish Shah Company Secretary Jaimin Bhatt Director 44 K o t a k M a h i n d r a Pr im e Lim it ed . Thousands) Total Liabilities Total Assets 5 6 9 7 6 5 9 1 Sources of Funds Paid-up Capital 3 Secured Loans 8 Deferred Tax Liability N Application of Funds Net Fixed Assets 2 Net Current assets 5 5 Accumulated Losses N I L Total Expenditure 6 I L Investments 8 1 9 9 1 9 6 6 5 5 0 0 0 0 2 6 1 9 Unsecured Loans Reserves and surplus 5 6 9 7 6 5 9 1 8 4 7 6 4 1 7 6 7 5 4 3 3 5 7 8 Miscellaneous Expenditure 1 0 3 N 0 I 5 6 L 7 3 Deferred Tax Asset 2 5 7 1 IV. 3 Date 1 0 3 Month 0 Year Rights Issue N Private placement N I L I L 9 1 1 Capital raised during the year (Amount in Rs. I. 8 3 3 7 7 Profit after Tax 1 Dividend Rate % 0 0 0 3 5 8 6 9 9 9 9 5 9 2 1 5 1 Earning per share in Rs. Thousands) Public Issue N I L Bonus Issue N I L III. Position of Mobilisation and Deployment of funds (Amount in Rs. Schedule VI of the Companies Act. 1 1 9 7 7 3 0 State code Balance Sheet Date II. in Thousands) Turnover 9 Profit before Tax 2 8 4 4 2 3 8 2 2 1 0 1 . (pro-rata) V. Generic Names of Three Principal Products/Services of the Company (as per monetary terms) Item Code No. 1956.X. Balance Sheet Abstract and Company’s general business profile as per Part IV. Performance of Company (Amount in Rs. Registration details Registration No.

Sign up to vote on this title
UsefulNot useful