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Shriram TranSporT FinanCe Company LimiTed i

35Th annuaL reporT 2013-14


Contents
Corporate information
1
annual performanCe trends
2
our reaCh
3
management disCussion & analysis

direCtors! report
12
report on Corporate go"ernanCe
20
CertifiCate on Corporate go"ernanCe
3#
$usiness responsi$ility report
40
finanCial seCtions
55
For%ard Loo&ing
STaTemenTS
'n this (nnual )eport* %e ha"e dis+losed for%ard loo&ing information to ena,le in"estors to +omprehend our prospe+ts and ta&e in-
formed in"estment de+isions- This report and other statements . %ritten and oral . that %e periodi+ally ma&e* +ontain for%ard
loo&ing statements that set out anti+ipated results ,ased on the management!s plans and assumptions- /e ha"e tried %here"er
possi,le to identify su+h statements ,y using %ords su+h as 0anti+ipate!* 0estimate!* 0e1pe+ts!* 0pro2e+ts!* 0intends!* 0plans!* 0,elie"es!*
and %ords of similar su,stan+e in +onne+tion %ith any dis+ussion of future performan+e-
/e +annot guarantee that these for%ard loo&ing statements %ill ,e realised* although %e ,elie"e %e ha"e ,een prudent in assump-
tions- The a+hie"ement of results is su,2e+t to ris&s* un+ertainties and e"en ina++urate assumptions- Should &no%n or un&no%n ris&s
or un+ertainties materialise or should underlying assumptions pro"e ina++urate* a+tual results +ould "ary materially from those anti+i-
pated* estimated or pro2e+ted- )eaders should ,ear this in mind-
/e underta&e no o,ligation to pu,li+ly update any for%ard loo&ing statements* %hether as a result of ne% information* future e"ents
or other%ise-
(nnual )eport 2013-14
C3)43)(T5
'6F3)7(T'36
Corporate Identification No. (CIN) L65191TN1979PLC007874
$3()8 3F 8')5CT3)S
Chairman 96on . 51e+uti"e:
(run 8uggal
Managing Director
;mesh )e"an&ar
Directors
7aya Shan&er <erma 9'ndependent:
Sumatiprasad 7- $afna 9'ndependent:
S- La&shminarayanan 9'ndependent:
)- Sridhar
4uneet $hatia
)an"ir 8e%an 9upto Septem,er 02* 2013:
(mita,h Chaudhry 9'ndependent:
=ishori ;deshi 9'ndependent:
>errit <an ?eerde 9%-e-f- 7ay 15* 2014:
C374(6@ S5C)5T()@
<i"e& (+h%al
(u8'T3)S
7As- S- )- $atli,oi & Co-LL4* Chartered (++ountants
7As- >- 8- (pte & Co-* Chartered (++ountants
Sh()5 T)(6SF5) (g56TS
Integrated Enterprises (India) Limited
2nd Floor* 0=en+es To%ers!* 6o- 1*
)ama&rishna Street*
6orth ;sman )oad* T- 6agar*
Chennai - 00 01B-
TelC 044 2D14 0D01A02A03
Fa1C 044 2D14 24B#
85$56Tu)5 T)uST55
IDBI Trusteeship Services Limited
(sian $uilding* >round Floor*
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12 @ears I1D0,n
0-4 years* DB0,n
5-12 years* D50,n
12 @ears 1DH
0-4 years 3#H
5-12 years 43H

Shriram Transport Finan+e Company Limited


7(6(g5756T 8'SCuSS'36
& (6(l@S'S
EConoMIC ovErvIE)
2013 %as a year of re+o"ery for the glo,al e+onomy- 2013-
14 %itnessed t%o great stories in the %orld e+onomyC
the stru+tural shift from the de"eloped %orld to%ards the
emerging %orldJ and the +y+li+al +lim, out of a re+ession-
The first contined in first ha!f of the financia! "ear# $t at a
slightly slo%er pa+e than ,efore- >ro%th in China* at B-5 per
+ent* %as it!s the slo%est for 23 years- Things also slo%ed
in 'ndia* to a little ,elo% 5 per +ent* far slo% %hen +ompared
to the past eight years- (fri+a* en+ouragingly* gre% ,y more
than 5 per +ent-
(s for the se+ond story* in the de"eloped %orld %hat
had started as an une"en and pat+hy re+o"ery ,egan to
strengthen- The ;S* despite ha"ing to +ope %ith feuding
o"er its ,udget* seems to ha"e sped up- 't has ,een +reating
2o,s and its housing mar&et impro"ed sharply- 'n 5urope
there %as a ,etter story too* though an une"en one- The
north* led ,y >ermany* had a solid year* redu+ing
unemployment and ,oosting li"ing standards- (+ross the
7editerranean the pattern %as more disappointing* %ith
'taly* Spain* 4ortugal and >ree+e all enduring a year of
rising unemployment- ?o%e"er* the num,ers ha"e started to
impro"e- 5urope and the euro are not out of trou,le* ,ut the
a+ute phase of their diffic!ties %a" $e past. &014'15
e(pects to de!i)er *hich mu+h ,etter and more ,alan+ed
gro%th than any year sin+e
200B-
InDIan EConoM*
Fust %hen the 'ndian e+onomy +ouldn!t get any lo%er in
terms of performan+es* 2013-14 is e1pe+ted to ,e near 5 per
+entJ its lo%est amongst the past de+ade- The une"en
politi+al +limate led to stagnant e+onomi+al s+enario .
there,y leading to lo%er infusion of in"estments in to
infrastru+ture and +ore industries . also leading to lo%er
+apital e1penditure and
CoMMErCIaL vEhICLES
Segment-%ise <olumes
2013-14 %as among the most +hallenging years for the
'ndian +ommer+ial "ehi+les se+tor- 'ndia!s +y+le-prone
+ommer+ial "ehi+le industry is not ne% to do%nturns-
?o%e"er* the present re+ession* %hi+h ,egan in (pril 2012
in the medium and hea"y tru+& segment* and spread to light
+ommer+ial )ehic!es ear!ier this financia! "ear# has
c!ear!" nner)ed the industry-The medium and hea"y tru+&
segment - %hi+h a++ounts for the ,ul& of the industry!s load-
+arrying +apa+ity
- shran& 2 per +ent in 2012-13 and shran& further ,y 25 per
+ent in 2013-14-
+rE,o)nED CoMMErCIaL vEhICLES
4re-o%ned +ommer+ial "ehi+les segment has ,een the
f!a+ship se+%ent of the co%pan" o)er the past three
de+ades- The +ommercia! )ehic!e financin+ %ar,et si-e is
estimated to ,e )s- 1#00 ,n +omprising of Kmn "ehi+les-
The Company is targeting the 5-12 year old pre-o%ned
"ehi+le segment a++ounting for 44H mar&et share in "alue
terms and 43H in "olume terms %ith an addressa,le mar&et
opportunity of )s-B50 ,n- The pre-o%ned "ehi+le mar&et
is largely unorganiGed and under penetrated %ith 0-5H
%ar,et share *ith pri)ate financiers presenting enormous
,usiness opportunity for a sustaina,le long term gro%th-
!ess .o$ creation. The inf!ation re%ained on the hi+her side#
there,y redu+ing the disposa,le in+ome and leading to lo%er
+onsumer spends- The ,an&ing system in 'ndia +ontinued to
grapple %ith rising delinLuen+ies and higher s+rutiny from
the regulators- The pro+ess for ne% li+enses %as set into the
motion* %ith the onset of the ne% >o"ernor- The rates %ere
increased a cop!e of ti%es to conter the risin+ inf!ation#
there,y leading to turning off the tap to ,are minimum %hen
it +ame to funding at +ompetiti"e rates ,y the ,an&s- The
+ore industries and the infrastru+ture se+tors %itnessed lo%er
tra+tion in terms of a+ti"ity* there,y leading to lu&e%arm
Mar-et potential Truck profile (7.5 mn)
e+onomi+ a+ti"ity a+ross &ey states- ShrIraM TargET SEgMEnT
M
D
0
0

=
7
S
7(6(g5756T 8'SCuSS'36
& (6(l@S'S 9Contd-:
8'ST)'$;T'36 C?('6 - ?;$ (68 S43=5 7385L
L36> ?(;L
MD00 =7S
?;$ $
758';7 ?(;L
300-D00 =7S
S?3)T ?(;L
50-300 =7S
L(ST ?(;L
N50 =7S
350-D00 =7
50-350 =7
N50 =7
?;$ (
Source: Avendus Research
LI.E C*CLE o. a Cv o..ErS MuLTI+LE .InanCIng
o++orTunITIES
( typi+al nine tonne C< generally +hanges o%nership four
times in its life +y+le- 't starts of on the long haul national
hi+h*a"s# %o)es do*n to interstate $" the fifth "ear# frther on
to !ess than /00 ,% intercit" rotes and fina!!" +oes on to !oca!
uses li&e gar,age tru+&s after 13-14 years- These +hanges of
o*nership create %!tip!e financin+ options for financiers.
ConSTruCTIon E/uI+MEnT InDuSTr*
(ll this is e1pe+ted to dri"e demand for +onstru+tion
eLuipment su+h as +ra%lers* e1+a"ators* loaders and
+ompa+tion eLuipment* and ,oost the hea"y eLuipment rental
and leasing ,usiness* %hi+h is +urrently a highly fragmented
industry dominated ,y unorganised small +onstru+tion
eLuipment
operators. These csto%ers# *hose profi!e is )er" si%i!ar to
small road transport operators* ha"e impro"ed demand for
se+ond-hand +onstru+tion eLuipment in re+ent years-
't +an ,e noted that the dip in e+onomi+ gro%th - e1perts are
suspe+ting if %e %ould e"en get to the 5 per +ent mar& for
F@14 - +oupled %ith go"ernment!s ina,ility to &i+& start
pro2e+ts and 2udi+ial inter"entions li&e the ,an on mining* ha"e
resulted in diffic!ties for the C0 and C1 sectors.
C374(6@ )5<'5/
a0out the compan*
5sta,lished in 1#B#* Shriram Transport Finan+e Co Ltd- is the
!ar+est asset financin+ N23C *ith assets nder %ana+e%ent
of )s 53*102-11+rore- The +ompany is a leader in organised
financin+ of pre'o*ned trc,s *ith a %ar,et share of &0'&54
in the strategi+ segment of 5-12 year old tru+&s- ?a"ing a pan-
'ndia presen+e %ith a net%or& of 54 ,ran+hes and
partnership *ith 5500 pri)ate financiers# the co%pan" has
re)ita!i-ed the pre-o%ned +ommer+ial "ehi+le industry and
there,y ensured in+lusi"e gro%th to its stron+ csto%er $ase
of o)er 6 !ac first time users and dri"er-turned-o%ners-
(#3,#& in revie)
2013-14 %as a +hallenging year for the +ompany- The se+tors
that traditionally moti"ate higher demand for +ommer+ial
"ehi+les +ontinued to fa+e lo%er tra+tion in terms of
in"estments
7(6(>5756T 8'SC;SS'36 & (6(L@S'S
(nnual )eport 2013-14
B
7(6(g5756T 8'SCuSS'36
& (6(l@S'S 9Contd-:
D
Shriram Transport Finan+e Company Limited
and a+ti"ity- /hile the 'ndian infrastru+ture spending
remained stagnant on a++ount of poli+y delays and tightening
+redit decisions $" the $an,s and financia! instittions6 the
%inin+ se+tor %as ,adly hit ,y the imposed ,an in &ey areas
su+h as 7disha# 8arnata,a# etc. 9oreo)er# increased cost of
finance resulted in ad"erse impa+t on the +apital in"estment
plans ,y the +orporate- To top it all* the re"ision in diesel
pri+es led to higher operating +ost for the tru+& o%ners in an
already re+essionary e+onomy- These e"ents ena,led us at
Shriram transport to set our priorities right . in other %ords*
to gro% responsi,ly ,y &eeping our asset Luality inta+t-
8uring 2013-14* our total assets under management 9(;7:
in+reased ,y 5-3H to )s-
53*102-11 +rore- 3ur net interest in+ome in+reased ,y -#0H
to :s. /#647.89 crore and or net profits re+istered a 7.094
degro%th to )s- 1*24-21 +rore- /e%idened our rea+h ,y
adding 10# ne% ,ran+hes and amidst all this* our 6et 64(s
re+istered a +ro*th of 6 $ps# ref!ectin+ or ;a!it" of +ro*th.
3ur gross 64(s and net 64(s stood at 3-DH and 0-D3H
respe+ti"ely* indi+ating higher pro"isioning to prote+t our
Luality of gro%th in the +oming years-
Construction e/uipment 0usiness
/e +ontinued to +apitaliGe upon the trend among small road
transport operators to di"ersify into +onstru+tion eLuipment
as the se+ond in+ome opportunity- To this end* our su,sidiary
- Shriram 5Luipment Finan+e Co- Ltd-* +ontinued to offer a
%ide range of pre-o%ned and ne%+ommer+ial +onstru+tion
e;ip%ent inc!din+ for,!ifts# cranes# !oaders etc. to first
time users* in+luding our e1isting +ustomers-8uring 2013-14*
Shriram 5Luipment Finan+e registered a topline of )s- 543-#5
crore and a net profit of :s.86.8/ crore. The co%pan" had an
(;7 of )s- 3*41D-3# +roreas on 7ar+h 31* 2014-
auto Malls
Shriram (utomall 'ndia Limited* the su,sidiary of our
+ompany* operates 32 (utomalls* 11 of %hi+h %ere opened
during 2013-
14. <to%a!! is the first'of'its',ind %a!! that offers a co%%on
meeting platform for the potential ,uyers and sellers- This
platform has ,e+ome a uniLue me+hanism to ensure pri+e
dis+o"ery of the pre-o%ned "ehi+les- (utomall offers a,solute
transparen+y in "aluation pro+ess* ,a+&ed %ith assured title*
Luality and performan+e of the "ehi+le to the ,uyers and
assured payment to the sellers-
Shriram 6e% Loo& is a no"el initiati"es ta&en ,y STFC* that
aims at empo%ering "ehi+le o%ners to transa+t refur,ished
"ehi+les ,y addressing and +orre+ting fe% maintenan+e
issues- This fa+ility is a"aila,le in the (utomalls ,ut is
managed ,y a dedi+ated team-
S)oT anaL*SIS
Strengths
= The pioneer in the pre'o*ned co%%ercia! )ehic!es
financin+ sector
= 8no*!ed+e'dri)en and re!ationship'$ased $siness
model
= Pan'India presence *ith 654 $ranch offices
= < *e!!'defined and sca!a$!e or+anisation strctre $ased
on produ+t* territory and pro+ess &no%ledge
= >tron+ financia! trac, record dri)en $" fast +ro*th in <?9
%ith lo% 6on 4erforming (ssets 964(s:
= 1(perienced and sta$!e %ana+e%ent tea%
= >tron+ re!ationships *ith p$!ic# pri)ate as *e!! as forei+n
,an&s* institutions and in"estors-
= 9ore than 11 !acs csto%ers across India
)ea-nesses
= The Co%pan"@s $siness and its +ro*th are direct!" !in,ed
to the >84 gro%th of the +ountry
opportunities
= Aro*th in the C0 %ar,et
= >tron+ de%and for constrction e;ip%ent
= >tron+ de%and for passen+er C0s
= >tron+ de%and for pre'o*ned tractors
= Loans for *or,in+ capita! re;ire%ents of C0 sers
= Partnerships *ith pri)ate financiers *i!! ena$!e the
Co%pan" to enhance its reach *ithot si+nificant
in"estments in ,uilding infrastru+ture
Threats
= :e+!ator" chan+es in the N23C and anci!!ar" sectors
.InanCIaL +Er.orManCE
8uring the year 2013-14* the Company!s total in+ome
in+reased ,y 20-1DH to )s-B*DDD-2 +rore* as +ompared to
)s- *53-5# +rore in 2012-13- The Company!s 4(T
de+reased ,y B-0#H to )s- 1*24-21 +rore* from )s- 1*30-2
+rore- The >ross 64(s and net 64(s for the year under
re"ie% stood at 3-DH and
0-D3H respe+ti"ely- The Company!s net spread for the year
under re"ie% stood at 3-D1H-
Capital ade/uac* ratio (Car)
The Company maintained a C() of 23-3#H during 2013-14
against a minimum 15H as reLuired ,y )$' norms-
Borrowing profile
The Company!s total e1ternal ,orro%ings in+reased from
)s- 31*002-3B +rore as of 7ar+h 31* 2013 to )s- 35*#24-2
+rore as of 7ar+h 31* 2014-
assets under Management (auM)
The total (ssets ;nder 7anagement 9(;7: as on 7ar+h 31*
2014 stood at )s- 53*102-11 +rore against )s- 4#*B-01
+rore as on 7ar+h 31* 2013-
Securitisation
8uring 2013-14 the +ompany se+uritised its assets %orth
)s- 10*D0 +rore9a,out 20-11H of the total assets under
management as on 7ar+h 31* 2014: as against )s- D*BD4
7(6(g5756T 8'SCuSS'36
& (6(l@S'S 9Contd-:
+rore during 2012-13- The steps initiated ,y the +ompany to
ensure superior asset Luality through transparent and
impa+tful pro+esses ha"e resulted in e1panding its realm of
e+onomi+al financia! a!ternati)e. The secritisation a!!o*s the
co%pan" to %iti+ate the interest ris, $" con)ertin+ its
f!oatin+ !ia$i!it" to fi(ed price !ia$i!it" $t a!so ena$!es the
co%pan" to access lo% +ost funds under priority se+tor ,y
)$'- The outstanding se+uritised assets portfolio stood at )s-
1*543 +roreas on 7ar+h 31* 2014-
Internal control s*stems and their ade/uac*
'n any industry* the pro+esses and internal +ontrol systems
play a +riti+al role in the health of the Company- The
Company!s %ell- defined or+anisationa! strctre# doc%ented
po!ic" +ide!ines# defined athorit" %atri( and interna! contro!s
ensre efficienc" of operations* +omplian+e %ith internal
poli+ies and appli+a,le la%s and regulations as %ell as
prote+tion of resour+es- 7oreo"er* the Company +ontinuously
upgrades these systems in line %ith the ,est a"aila,le
pra+ti+es- The internal +ontrol system is supplemented ,y
e1tensi"e internal audits* regular re"ie%s ,y management and
standard poli+ies and guidelines
to ensre re!ia$i!it" of financia! and a!! other records to prepare
financia! state%ents and other data. The <dit Co%%ittee
of the $oard re"ie%s internal audit reports gi"en along %ith
management +omments- The (udit Committee also monitors
the implemented suggestions-
human resources
(s of 7ar+h 31* 2014* the Company had 1D*122 employees
on its payrolls in+luding 11*20# produ+tA+redit e1e+uti"es-
CauTIonar* STaTEMEnT
This report +ontains for%ard loo&ing statements that in"ol"e
ris&s and un+ertainties in+luding* ,ut not limited to* ris&s
inherent in the Company!s gro%th strategy* dependen+e on
certain $sinesses# dependence on a)ai!a$i!it" of ;a!ified and
trained manpo%er* e+onomi+ +onditions* go"ernment poli+ies
and other fa+tors- (+tual results* performan+e or
a+hie"ements +ould differ materially from those e1pressed or
implied in su+h for%ard-loo&ing statements- This report should
,e read in con.nction *ith the financia! state%ents inc!ded
herein and the notes thereto-
1E* rIS1S anD MITIgaTIon MEaSurES
4orter!s Fi"e For+es analysis
Threat o. entrants 2 Lo)
= ?ni;e $siness %ode! $ac,ed $"
esta,lished relationships
= Three decades of indstr"
presen+e
= Caters to a ni;e csto%er $ase
+omprising of S)T3s and FT;s-
= 1sta$!ished prodct )a!ation
e1pertise
Supplier3s 0argaining po)er 2
Medium
= 3nds at co%petiti)e costs !eads
to strong margins
= Bependence on $an,s and
financia! instittions
= 1C2 rote not per%itted
Competition 2 Lo)
= 3irst %o)er and !eader in pre'
o*ned C0 financin+
= Cas created sca!a$!e %ode!
= Cas e%er+ed as a $an,er to the
pre-o%ned asset o%ners
= Ci+h!" nor+anised indstr"#
%ain!" rn $" pri)ate financiers
Customer3s 0argaining po)er 2 Lo)
= ?ni;e csto%er $ase#
traditionally per+ei"ed 0ris&y! ,y the
$an,s and or+anised financiers
= ?nor+anised financiers char+e
higher rates
= Lac, of $an,in+ ha$its and hi+her
mo,ility ma&e the segment highly
+hallenging to ser"e
Mitigation measures
= The Co%pan" has %aintained
superior asset Luality and ,een
a++redited %ith (( ratings ,y ma2or
+redit agen+ies
= 7)er the past t*o "ears# the
Company has raised funds through
6C8s* resulting in +ompetiti"e +ost
of funds to fuel its future gro%th-
Threat o. su0stitutes 2 Lo)
= Ina$i!it" of 3T?s to finance entire
asset from their sa"ings
= 0a!ation of pre'o*ned asset
a %a.or $arrier for financin+
+ompanies
7(6(>5756T 8'SC;SS'36 & (6(L@S'S
(nnual )eport 2013-14
#
10
Shriram Transport Finan+e Company Limited
7(6(g5756T 8'SCuSS'36
& (6(l@S'S 9Contd-:
5C3637@ )'S&
Sale of CVs gets directly impacted with the slowdown in the economic activity. This could lead to lower business for
the
Company.
)is& mitigation
'n general* any industrial or e+onomi+al slo%do%n usually hits the demand for ne% +ommer+ial "ehi+les- (t the same time* %ith
!o* indstria! acti)it" or s!o*do*n in infrastrctre pro.ects# sa!!" the !ar+e f!eet o*ners +et i%pacted on accont of !o*er
ti!i-ation. >hrira% Transport finances 3T?s and BT7s# *ho sa!!" se the C0 for earnin+ their o*n !i)e!ihood. <s a res!t#
the csto%ers find re!e)ant %eans to ti!ise their assets# e)en *ith the %acro factors are not encora+in+. The pre'o*ned C0
portfo!io co%prise of 5764 of the Co%pan"@s tota! portfo!io. <t the sa%e ti%e# the Co%pan" has di)ersified its asset portfo!io to
+ater to LC<s* a segment %hi+h +ontinues to remain promising in the long term- $esides* the Company has also e1panded its
solutions to emerge as a one-stop-shop for C< o%ners-
hu7(6 )5S3u)C5 )'S&
The Company has a unique relationship-based business model, which may get adversely impacted due to attrition at
both ground and strategic levels.
)is& mitigation
>ince its inception# >hrira% Transport has practiced its phi!osoph" of Dpttin+ peop!e firstE. The Co%pan"@s peop!e friend!" po!icies
+oupled %ith a performan+e-re%arding +ulture ha"e ena,led it to deli"er progressi"e +areer path for ea+h of its employees- The
Company pro"ides entrepreneurial role to ea+h of its employees ,y empo%ering them %ith de+ision-ma&ing in their respe+ti"e
realm of %or&- This +ulture has not only ena,led the Company to limit attrition at &ey le"els ,ut also produ+e home gro%n
leaders-
'6T5)5ST )(T5 )'S&
While the Company borrows at both fixed and floating rates, it lends at a fixed rate. If the Company has a large
proportion of borrowings at a floating rate, a sharp fluctuation in interest rate may lead to a reduction in the Companys
net interest margin. Higher interest cost would also lead to a higher cost of lending which may reduce the
attractiveness of the Company for borrowers and affect the Companys ability to grow its business.
)is& mitigation
The Company has instituted the pro+ess of asset "aluation* perfe+ted o"er the years* %hi+h ena,les it to lend 2udi+iously and
prote+t its asset Luality- The relationship-,ased ,usiness model has ena,led the Company to re+ei"e timely re+o"eries and
ensure healthy portfolios- (ll of the Company!s loans Lualify as 4riority Se+tor assets for ,an&s and therefore ha"e lo%er +ost-
To fuel the s+ala,le ,usiness model %ith afforda,le funds* the Company has* raised funds through non-+on"erti,le de,entures-
These 6C8s are listed and %ere rated highly ,y the reputed +redit agen+ies- >i"en its long-standing relationship %ith ,an&s and
institutions and an impe++a,le tra+& re+ord of ser"i+ing its de,ts in a timely manner* the Company is a preferred partner for all
,an&s and institutions
7(6(g5756T 8'SCuSS'36
& (6(l@S'S 9Contd-:
(SS5T-l'($'l'T@ 7'S7(TCh )'S&
If the Company uses short-term liabilities to fund long term assets, it could result in a liquidity crunch affecting the
Companys ability to service loans and fund overheads.
)is& mitigation
The Company ensures that the short term and long term sour+es of funds are fa"oura,ly mat+hed %ith deployment- To a"oid
any asset lia,ility ris&* the Company resorted to long-term funding instruments su+h as 6C8s and se+uritiGation- /ith the
superior asset Luality and demonstrated s+ala,ility of ,usiness model* the Company has +ontinued to en2oy trust and support
from its long-term in"estors and ,an&s- The Company has an impe++a,le re+ord in ser"i+ing de,ts on time* further resulting
from its stri+t fidciar" discip!ine.
C(Sh 7(6(g5756T )'S&
lmost two-thirds of the Companys total monthly collections are in the form of cash, due to the underdeveloped
ban!ing habits of "#$%s. &ac! of proper cash management can lead to a loss for the Company.
)is& mitigation
The Co%pan" ensres efficient and secre co!!ection across a!! its $ranches thro+h cash %ana+e%ent net*or, *ith !eadin+
$an,s. This cop!ed *ith strin+ent chec,s and interna! contro!s e%p!o"ed across a!! $ranches has !ed to si+nificant %iti+ation in
the en"isioned ris&- (t the regional le"el* ea+h ,ran+h!s +olle+tions are monitored and re+on+iled to a"oid any potential ris&- The
Co%pan" a!so ensres that its fie!d officers %a,e co%p!sor" %onth!" )isits to $orro*ers# *hich he!p in %ana+in+ !ar+e cash
+olle+tions-
7(6(>5756T 8'SC;SS'36 & (6(L@S'S
(nnual )eport 2013-14
11
8')5CT3)S! )543)T
12
Shriram Transport Finan+e Company Limited
@our 8ire+tors ha"e pleasure in presenting their Thirty Fifth (nnual )eport and the (udited Statements of (++ounts for the
financia! "ear ended 9arch /1# &014.
.InanCIaL hIghLIghTS
9)s- in la+s:
+articulars (#3,#& (#,#3
Profit 2efore Bepreciation and Ta(ation 185,718.05 203,452.20
LessC 8epre+iation and (mortisation 2*#13-B# 1*D33-0#
Profit Before T! 182,804.2" 201,"1#.11
LessC 4ro"ision for Ta1ation 5*3D3-4# 5*55B-10
Profit $fter T! 12",420.77 13",0"2.01
(ddC $alan+e ,rought for%ard from pre"ious year 2DD*2-0D 1#1*15B-33
$alan+e a"aila,le for appropriation 415*04-D5 32B*21#-34
appropriations
51+ess pro"ision %ritten ,a+& . ta1 on di"idend - 0-41
>eneral )eser"e 13*000-00 14*000-00
Statutory )eser"e 2*000-00 2D*000-00
8e,enture )edemption )eser"e 11*155-41 921*#5-0#:
8i"idend on 5Luity Shares of )s- 10A- ea+h 15*DD1-B# 15*#00-24
Ta1 on 8i"idend 2*#D-# 2*4#-52
Balance carried to Balance Sheet 34",310.#" 288,"2".08
DIvIDEnD
@our 8ire+tors at their meeting held on 3+to,er 2#* 2013 de+lared an interim di"idend of )s- 3-00A- per eLuity share 9i-e- 30H: for
the financia! "ear &01/'14# *hich *as paid on No)e%$er &5# &01/.
For Birectors ha)e reco%%ended a fina! di)idend of :s.4G' per e;it" share (i.e. 404) for the financia! "ear ended 9arch /1#
2014- Thus* the total di"idend 9in+luding interim di"idend paid: for the year ended 7ar+h 31* 2014 shall ,e )s-BA- per eLuity share
9i-e-B0H:-
Ca+ITaL aDE/uaC* raTIo
@our Company!s total Capital (deLua+y )atio 9C():* as of 7ar+h 31* 2014* stood at 23-3#H of the aggregate ris& %eighted
assets on ,alan+e sheet and ris& ad2usted "alue of the off-,alan+e sheet items* %hi+h is %ell a,o"e the regulatory minimum of
15H-
CrEDIT raTIng
The +redit rating en2oyed ,y the Company as on 7ar+h 31* 2014 are as follo%sC
Credit rating agenc* Instruments ratings
C()5 6on-Con"erti,le 8e,entures C()5 ((I
C()5 Su,ordinate 8e,t C()5 ((I
C)'S'L Fi1ed 8eposit C)'S'L F((IASta,le
C)'S'L Su,ordinate 8e,ts C)'S'L ((ASta,le
C)'S'L 6on-Con"erti,le 8e,entures-4u,li+ C)'S'L ((ASta,le
C)'S'L Short Term 8e,t C)'S'L (1I
C)'S'L $an& Loan Long Term & Short Term C)'S'L ((ASta,le
'C)( Fi1ed 8eposit 7((I %ith Sta,le outloo&
'ndia )atings & )esear+h 4ri"ate Limited
(3or%er!" ,no*n as D3ITCCE)
6on-Con"erti,le 8e,entures-4u,li+ '68 ((
'ndia )atings & )esear+h 4ri"ate Limited
(3or%er!" ,no*n as D3ITCCE)
Su,ordinate 8e,t '68 ((
8')5CT3)S! )543)T 9Contd-:
o+EraTIonS
3or the financia! "ear ended 9arch /1# &014# "or Co%pan"
earned Profit 2efore Ta( of :s.18&#804.&6 !acs as a+ainst
:s.&01#619.11 !acs in the pre)ios financia! "ear and the Profit
(fter Ta1 of )s-12*420-BB la+s as against )s- 13*02-01
!acs in the pre)ios financia! "ear. The tota! Inco%e for the
year under +onsideration %as )s- BDD*D25-#1 la+s and total
e1penditure %as )s-0*021-5 la+s- (s on 7ar+h 31* 2014*
the outstanding hypothe+ation loans %ere )s- 3*525*312-21
la+s-
Brin+ the financia! "ear ended 9arch /1# &014# the Co%pan"
mo,iliGed )s- 4D3*B1D-01 la+s through 6on-+on"erti,le
de,entures* )s-12#*011-3D la+s through su,ordinated
de,ts* )s-1*33*#00 la+s through term loans* )s- 4D*B00
la+s through %or&ing +apital loans* )s-4*000 la+s through
+ommer+ial paper*)s-1*0B*#54-BD la+s through assignment
of loan re+ei"a,les from the +ustomers* )s-11*30-5D la+s
through Fi1ed deposit and )s- 1*400 la+s through 'C8-
EConoMIC anD BuSInESS EnvIronMEnT
(++ording to the ad"an+e estimates of national in+ome for
the "ear &01/'14 issed $" the Centra! >tatistica! 7ffice
9CS3:* 7inistry of Statisti+s and 4rogramme
'mplementation* >o"ernment of 'ndia "ide 4ress )elease
dated Fe,ruary B*
2014* the gro%th of >ross 8omesti+ 4rodu+t 9>84: during
2013-14 is estimated at 4-#H as +ompared to gro%th rate
of 4-5H in the year 2012-13 9pre"ious year:- The (gri+ulture
sector co%prisin+ Ha+ric!tre# forestr" and fishin+@ sectors
is li&ely to sho% a gro%th of 4-H during 2013-14 as against
the pre"ious year!s gro%th rate of 1-4H- The produ+tion of
foodgrains is e1pe+ted to gro% ,y 2-3H as +ompared to
de+line of 0-DH in the pre"ious agri+ulture year- 'n 'ndustry
se+tor de-gro%th of 0-2H is estimated in the 0manufa+turing!
se+tor as +ompared to the gro%th of 1-1H in the pre"ious
year- The mining and Luarrying de-gro%th of 1-#H is
estimated as +ompared to the de-gro%th of 2-2H in the
pre"ious year- ( gro%th rate of 1-BH is estimated in the
0+onstru+tion! as +ompared to 1-1H in the pre"ious year-
'n the Ser"i+e se+tor 0trade* hotels* transport and
+ommuni+ation! is estimated to gro% at 3-5H as against
+ro*th of 5.14 in the pre)ios "ear. The sector Hfinancin+#
insuran+e* real estate and ,usiness ser"i+es! is e1pe+ted to
sho% a gro%th rate of 11-2H as +ompared to gro%th rate of
10-#H in the pre"ious year-
automo0ile Industr*
The So+iety of 'ndian (utomo,ile 7anufa+turers 9S'(7: has
reported that the o"erall domesti+ sales of "ehi+les during
the year 2013-14 gre% marginally ,y 3-53H as +ompared to
year 2012-13 9last year:- The sales of 4assenger <ehi+les
de+lined ,y -05H- /ithin the 4assenger <ehi+les*
4assenger Cars* ;tility <ehi+les and <ans dropped ,y
4-5H* 5-01H and 1#-5DH respe+ti"ely as +ompared to the
last year- The o"erall Commer+ial <ehi+les sales
registered a de-gro%th of 20-23H as +ompared to the last
year- 7edium & ?ea"y Commer+ial <ehi+les 97&?C<s:
registered negati"e gro%th of 25-33H and Light
Commer+ial <ehi+les also dropped ,y 1B-2H- Three
/heelers sales de+lined ,y 10-#0H-
8')5CT3)S! )543)T
4assenger Carriers and >oods Carriers de+lined ,y 12-B4H
and 2-53H respe+ti"ely-T%o /heelers registered gro%th of
B-31H- /ithin the T%o /heelers segment* S+ooters and
7otor+y+les gre% at 23-24H and 3-#1H respe+ti"ely* %hile
7opeds de+lined ,y D-35H during (pril* 2013- 7ar+h* 2014-
The o"erall automo,ile e1ports gre% ,y B-21H- 4assenger
"ehi+les* Three /heelers and T%o /heelers e1ports
registered gro%th of -0#H* 1-0H and -52H respe+ti"ely*
%hile Commer+ial <ehi+les e1ports de+lined ,y 3-B1H
(SIAM Media Release 11/04/2014).
The hea"y goods transport "ehi+les se+tor fa+ed many
+hallenges in terms of idle time due to de-gro%th in
manufa+turing* mining and Luarrying se+tors* pressure on
margins as the freight rate in+reases %ere not
+ommensurate %ith fuel pri+e in+reases- This resulted into
lo%er demand for +redit from ur,an areas- The rural and
semi-ur,an +redit demand %as maintained due to impressi"e
gro%th in foodgrain produ+tion-
Compan*3s per.ormance
Considerin+ the diffic!t %acro'econo%ic conditions
and +hallenging ,usiness en"ironment* the Company!s
performan+e during the year under re"ie% %as satisfa+tory-
The Co%pan" contined its focs on financin+ of pre'o*ned
+ommer+ial "ehi+les and penetration into rural mar&et- The
assets under management had in+reased- ?o%e"er* the
finance cost had increased. The Net interest %ar+ins *ere
under pressure-
ouTLoo1 anD o++orTunITIES
The real >84 gro%th rate is pro2e+ted to pi+& up to a range
of
5H to H in 2014-15- 5asing of domesti+ supply ,ottlene+&s
and progress on the implementation of stalled pro2e+ts
already +leared should +ontri,ute to gro%th- The Current
<ccont Beficit is e(pected to $e a$ot &4 of ABP.
)$' has set am,itious target of ,ringing do%n the C4'
inf!ation to 84 $" Ianar" &015 and 64 $" Ianar"# &016.
$ut the fa+tors su+h as possi,le 5l 6ino effe+ts on
agri+ultural produ+tion* un+ertainty on the setting of
minimum support pri+es for agri+ultural +ommodities and
setting of other administered pri+es of fuel* fertiliGer and
ele+tri+ity may post threat in a+hie"ement of these targets-
@our dire+tors e1pe+t that %ith sta,le go"ernment in +enter*
estimates of ,etter >84 gro%th rate* the Company!s
strong ,usiness model* inno"ati"e fund management
techni;es#contined confidence of in)estors and spport of
the lending institutions to the Company!s fund mo,iliGation
a+ti"ities on a++ount of good tra+& re+ord of de,t ser"i+ing*
your Company should a+hie"e ,etter performan+e in the
year 2014-15-
.I4ED DE+oSITS
<s on 9arch /1# &014# there *ere /#619 fi(ed deposits
aggregating to )s- 3*#45-D2 la+s that ha"e matured ,ut
remained un+laimed- There %ere no deposits* %hi+h %ere
(nnual )eport 2013-14
13
8')5CT3)S! )543)T 9Contd-:
14
Shriram Transport Finan+e Company Limited
+laimed ,ut not paid ,y the Company- The un+laimed
deposits ha"e sin+e redu+ed to 3*012 deposits amounting
to )s- 3*040-0# la+s- (ppropriate steps are ,eing ta&en
+ontinuously to o,tain the depositors! instru+tions so as to
ensure rene%alA repayment of the matured deposits in time-
SuBSIDIarIES
For the year ended 7ar+h 31* 2014* the 'n+ome from
7perations and Profit after Ta( of >hriram 5Luipment
Finan+e Company Limited 9S5FCL: %as )s- 54*3BB-BD la+s
and )s-D*D3-00 la+s respe+ti"ely-
For the year ended 7ar+h 31* 2014* the in+ome from
operations and Profit after Ta( of >hrira% <to%a!! India
Limited 9S('L: %as )s-B*325-13 la+s and )s- D2-35 la+s
respe+ti"ely- 8uring the year 2013-14* S('L has esta,lished
11 additional (utomalls* there,y in+reasing the total num,er
of (utomalls to 32-
(s the Company re+ei"ed Corporate (gent li+ense from
'nsuran+e )egulatory and 8e"elopment (uthority 9')8(:
for pro+uring ,usiness of ,oth Life and >eneral 'nsuran+e
a de+ision %as ta&en not to o,tain separate li+ense ,y the
Company!s %holly o%ned su,sidiary Shriram 'nsuran+e
$ro&ing Company Limited 9S'$CL:- S'$CL %ithdre% its
app!ication pendin+ *ith I:B<. The app!ication fi!ed $" >I2CL
under the pro"isions of Se+tion 50 of the Companies (+t*
1956 to stri,e off its na%e *as accepted and confir%ed $"
the 7inistry of Corporate (ffairs "ide noti+e dated 8e+em,er
13* 2013-
< state%ent on conso!idated financia! position of the
Co%pan" %ith that of the su,sidiaries is atta+hed to the
(nnual )eport- The conso!idated financia! state%ents
attached to this <nna! )eport are prepared in +omplian+e
%ith the appli+a,le (++ounting Standards and Listing
(greement-
The annual reports and the annual a++ounts of the
su,sidiaries and the related detailed information shall ,e
made a"aila,le to shareholders of the Company see&ing
su+h information- The annual a++ounts of the su,sidiaries
shall also ,e &ept for inspection $" shareho!ders at the
:e+istered 7ffice of the Company and of the respe+ti"e
su,sidiaries-The annual a++ounts of the su,sidiaries shall ,e
a"aila,le on the %e,site of the Company "iG- %%%-stf+-in-
The Company shall furnish hard +opy of details of a++ounts
of the su,sidiaries to any shareholder on demand-
SharE Ca+ITaL
8uring the year under re"ie%* the Company allotted 1D*D00
fully paid up eLuity shares of the fa+e "alue of )s- 10A-
ea+h to its employees on their e1er+ise of sto+& 3ptions
,y them- 8etails of the shares issued and allotted under
the 5mployees Sto+& 3ption S+heme of the Company* as
%ell as the dis+losures in +omplian+e %ith Clause 12 of the
Se+urities and 51+hange $oard of 'ndia 95mployee Sto+&
3ption S+heme and 5mployee Sto+& 4ur+hase S+heme:
>uidelines* 1### are set out in (nne1ure to this )eport-
+uBLIC ISSuE o. SECurED
rEDEEMaBLE
non,ConvErTIBLE DEBEnTurES
In order to raise fnds for )arios financin+ acti)ities inc!din+
lending and in"estments* to repay e1isting loans and for
,usiness operations in+luding for meeting +apital
e1penditure and %or&ing +apital reLuirements* the Company
made t%o 4u,li+ 'ssues of Se+ured )edeema,le 6on-
Con"erti,le 8e,entures 96C8s: of fa+e "alue of )s-1*000A-
ea+h during the "ear nder re)ie*. The first P$!ic Isse of
NCBs opened on Fuly 1* 2013 %ith the $ase 'ssue
aggregating upto )s- 3B*500 la+s %ith an option to retain
o"er-su,s+ription upto )s- 3B*500 la+s for issuan+e of
additional 6C8s aggregating to a total of upto )s- B5*000
la+s- (fter +onsidering the te+hni+al re2e+tions* the 'ssue %as
su,s+ri,ed 1-# times of the $ase 'ssue siGe and 0-#D times
of the Total 'ssue SiGe- The Se+ond 4u,li+ 'ssue of 6C8s
opened on 3+to,er 0B*
2013 %ith the $ase 'ssue aggregating upto )s- 25*000 la+s
%ith an option to retain o"er-su,s+ription upto )s- 25*000
la+s for issuan+e of additional 6C8s aggregating to a total of
upto )s- 50*000 la+s- (fter +onsidering the te+hni+al
re2e+tions* the 'ssue %as su,s+ri,ed 2-135 times of the
$ase 'ssue SiGe and 1-0BD times of the Total 'ssue SiGe-
BoarD o.
DIrECTorS
7r- )an"ir 8e%an* a 6on-51e+uti"e 6on-'ndependent
8ire+tor nominated ,y 6e%,ridge 'ndia 'n"estments ''
Limited 96e%,ridge: on the $oard of the Company resigned
from dire+torship of the Company on Septem,er 02* 2013
su,seLuent to disposal of its entire shareholding in the
Company ,y 6e%,ridge- The $oard has pla+ed on re+ord
its appre+iation of the in"alua,le ser"i+es rendered ,y
7r- )an"ir 8e%an-
The $oard of 8ire+tors in its meeting held on (pril 2#* 2014
has appointed 7r- >errit <an ?eerde as (dditional 8ire+tor
of the Company in the +ategory of 6on-51e+uti"e* 6on-
'ndependent dire+tor-
7r- (run 8uggal %ill retires ,y rotation at the ensuing (nnual
>eneral 7eeting 9(>7: and ,eing eligi,le* offers himself for
re-appointment-
7r- 4uneet $hatia* 6on 51e+uti"e 6on-'ndependent 8ire+tor
%ill su,2e+t to appro"al of mem,er at the ensuing (>7*
+ontinue as 6on 51e+uti"e 6on 'ndependent 8ire+tor lia,le
to retirement ,y rotation-
The $oard of 8ire+tor see& your support for passing of the
resolution for appointmentAre-appointment of the a,o"e
dire+tors-
DIrECTorS3 rES+onSIBILIT* STaTEMEnT
4ursuant to the pro"isions of se+tion 21B92((: the
Companies <ct# 1956# the Birectors confirm that* to the
,est of their &no%ledge and ,eliefC
8')5CT3)S! )543)T 9Contd-:
15
(nnual )eport 2013-14 8')5CT3)S! )543)T
a: 'n the preparation of the (nnual (++ounts* the
appli+a,le
(++ounting Standards ha"e ,een follo%ed along %ith
proper e1planation relating to material departuresJ
,: That su+h a++ounting poli+ies as mentioned in 6ote
2-1 of the (++ounts ha"e ,een sele+ted and applied
+onsistently* and 2udgments and estimates ha"e ,een
made that are reasona,le and prudent so as to gi"e a
true and fair "ie% of the state of affairs of the Company
as at 9arch /1# &014 and of the profit of the Co%pan"
for the year ended on that dateJ
c) That proper and sfficient care has $een ta,en for
the maintenan+e of adeLuate a++ounting re+ords in
a++ordan+e %ith the pro"isions of the Companies (+t*
1#5* for safeguarding the assets of the Company and
for pre"enting and dete+ting fraud and other
irregularitiesJ
d: The (nnual (++ounts ha"e ,een prepared on a going
+on+ern ,asis-
Cor+oraTE SoCIaL rES+onSIBILIT* CoMMITTEE
4ursuant to Se+tion 135 of the Companies (+t* 2013 the
$oard of 8ire+tors in its meeting held on (pril 2#* 2014 has
+onstituted Corporate So+ial )esponsi,ility Committee of
three dire+tors-
rBI guIDELInES
The Company +ontinues to +omply %ith all the reLuirements
pres+ri,ed ,y the )eser"e $an& of 'ndia* from time to time
as appli+a,le to it-
annE4urES
<ide >eneral Cir+ular 0DA2014 dated 04A04A2014* the
7inistry of Corporate <ffairs (9C<) has c!arified that the
financia! statements9and do+uments reLuired to ,e atta+hed
thereto:* aditors report and 2oard@s report in respect of
financia! years that +ommen+ed earlier than (pril 01*2014
shall ,e go"erned ,y the rele"ant pro"isionsAS+hedulesArules
of the Companies (+t*1#5-
Follo%ing )eports are atta+hed to this )eport pursuant
to the pro"isions of the Listing (greement %ith the Sto+&
51+hangeC
9i: The )eport on Corporate >o"ernan+e as per +lause
4# of the Listing agreement forms part of the (nnual
)eport* and is anne1ed here%ith together %ith
<ditors@ Certificate on Corporate Ao)ernance# the
certificate# d!" si+ned $" the 9ana+in+ Birector and
Chief 3inancia! 7fficer on the 3inancia! >tate%ents of
the Company for the year ended 7ar+h 31* 2014 as
su,mitted to the $oard of 8ire+tors at their meeting
held on (pril 2#* 2014 and the de+laration ,y the
7anaging 8ire+tor regarding +omplian+e ,y the $oard
mem,ers and senior management personnel %ith the
Company!s Code of Condu+t-
9ii: The 7anagement 8is+ussion & (nalysis )eport as
per +lause 4# of the Listing agreement is gi"en as a
separate )eport forming part of the (nnual )eport-
9iii: $usiness )esponsi,ility )eport as per +lause 55 of the
Listing agreement is gi"en as a separate )eport
forming part of the (nnual )eport-
auDITorS
7As- S- )- $(TL'$3' & Co- LL4* Chartered (++ountants*
7um,ai and 7As- >- 8- (pte & Co-* Chartered (++ountants*
7um,ai* (uditors of the Company retire at the +on+lusion of
the ensuing (nnual >eneral 7eeting and are eligi,le for re-
appoint%ent. Certificates ha)e $een recei)ed fro% the% to
the effe+t that their re-appointment as (uditors of the
Company* if made* %ould ,e %ithin the limits pres+ri,ed
under Se+tion
13# & 141 of the Companies (+t* 2013- They ha"e also
confir%ed that the" ho!d a )a!id peer re)ie* certificate as
pres+ri,ed under +lause 4191:9h: of the Listing (greement-
7em,ers are reLuested to +onsider their re-appointment-
ConSErvaTIon o. EnErg*! TEChnoLog*
aBSor+TIon anD .orEIgn E4ChangE EarnIngS
anD ouTgo
4ursuant to the reLuirement under Se+tion 21B91:9e: of the
Companies (+t* 1#5* read %ith Companies 98is+losure of
4arti+ulars in the )eport of the $oard of 8ire+tors: )ules*
1#DDC
a- The Company has no a+ti"ity in"ol"ing +onser"ation of
energy or te+hnology a,sorption-
,- The Company does not ha"e any Foreign 51+hange
5arnings-
+- 3utgo under Foreign 51+hange - )s-51-23 la+s-
+arTICuLarS o.
EM+Lo*EES
The Company has not employed any indi"idual %hose
remuneration falls %ithin the pur"ie% of the limits pres+ri,ed
under the pro"isions of Se+ 21B 92(: of the Companies (+t*
1#5* read %ith the Companies 94arti+ulars of 5mployees:
)ules* 1#B5-
aC1no)LEDgEMEnT
The $oard of 8ire+tors %ould li&e to pla+e on re+ord their
gratitude for the guidan+e and +ooperation e1tended ,y
)eser"e $an& of 'ndia and the other regulatory authorities-
The $oard ta&es this opportunity to e1press their sin+ere
appre+iation for the e1+ellent patronage re+ei"ed from
the $an&s and Finan+ial 'nstitutions and for the +ontinued
enthusiasm* total +ommitment* dedi+ated efforts of the
e1e+uti"es and employees of the Company at all le"els- /e
are a!so deep!" +ratef! for the contined confidence and faith
reposed on us ,y the Shareholders* 8epositors* 8e,enture
holders and 8e,t holders-
For and on ,ehalf of the $oard of 8ire+tors
7um,ai arun Duggal
(pril 2#* 2014 Chairman
8')5CT3)S! )543)T 9Contd-:
1
Shriram Transport Finan+e Company Limited
9': DPro%oter AropE as defined nder re+!ation &(1)(t) of >ecrities and 1(chan+e 2oard of India (>$stantia! <c;isition of
Shares and Ta&eo"ers )egulations* 2011* 9S(ST regulations 2011: as under C
1- Shriram 3%nership Trust* 2- Shriram Finan+ial <entures 9Chennai: 4ri"ate Limited* 3- Shriram Life 'nsuran+e Company
Limited* 4- Shriram >eneral 'nsuran+e Company Limited* 5- Shriram Credit Company Limited* - Shriram (sset
7anagement Company Limited* B- $harat )einsuran+e $ro&ers 4ri"ate Limited* D- Shriram 3"erseas 'n"estments 4ri"ate
Limited* #- Shriram 'n"estments ?oldings Limited* 10- $harat 'n"estments 4te-Limited Singapore* 11- Shriram City ;nion
Finan+e Ltd*
12- Shriram Fortune Solutions Limited* 13- Shriram /ealth (d"isors Limited* 14- Shriram 'nsight Share $ro&ers Limited*
15- Shriram Finan+ial 4rodu+ts Solutions 9Chennai: 4ri"ate Limited* 1- Shriram ?ousing Finan+e Limited* 1B- 'nsight
Commodities and Futures 4ri"ate Limited and 1D- Shrile&ha Finan+ial Ser"i+es-
9'': The Persons <ctin+ in Concert (P<C)# as defined in the ><>T :e+!ations &011 for the prpose of :e+!ation 10 of ><>T
)egulations* 2011C
i- Sanlam 5merging 7ar&ets 97auritius: Limited* ii- Shriram 7utual Fund 9S7F:* iii- 7r- S =rishnamurthy 9Trustee of S7F:*
i"- 7r- S 7 4ra,ha&aran 9Trustee of S7F:* "- 7r- < 6 Shi"ashan&ar 9Trustee of S7F:* "i- 8r- Oudsia >andhi 9Trustee of
S7F:* "ii- Shriram (utomall 'ndia Limited* "iii- Shriram 5Luipment Finan+e Company Limited and i1- Sanlam Life
'nsuran+e Limited-
9''': (ll the entitiesApersons mentioned in 6ote 6o- ' and 6ote 6o- '' are 4(Cs for not less than three years e1+ept the entities
at Sr- 6o- 92: and 91D: in 6ote 6o-' and the entitiesApersons at Sr- 6o- 9i:*9iii:* 9":* 9"i: and 9i1: in 6ote 6o '' %hi+h are 4(Cs
for less than three years-
9'<: 6one of the a,o"e-mentioned entitiesApersons in 6ote 6o-' and '' hold any shares in the Company e1+ept the entity at Sr-
6o- 9i1: in 6ote 6o-''-
The a,o"e dis+losure is made for the purpose of )egulation 10 of S(ST* )egulations 2011-
1B
(nnual )eport 2013-14 8')5CT3)S! )543)T
8')5CT3)S! )543)T 9Contd-:
annE4urE To ThE DIrECTorS3 rE+orT! (#3,#&
+articulars Shriram Transport .inance Compan* Limited Emplo*ees
Stoc- option Scheme! ((5
a: 3ption granted 4*#41*000 eLuity shares of )s-10 ea+h
,: The pri+ing formula )s-35A- per 3ption
+: 3ptions "ested 3*#53*450
d: 3ptions e1er+ised 9as at 7ar+h 31* 2014: 3*D21*D50
e: The total num,er of shares arising as a result of e1er+ise
of options
3*D21*D50 eLuity shares of )s-10 ea+h
f: 3ptions lapsed 9as at 7ar+h 31* 2014: 1*11#*150
g: <ariations of terms of options 6il
h: 7oney realiGed ,y e1er+ise of options 133*B4*B50
i: Total num,er of option in for+e 9as at 7ar+h 31* 2014: 6il
2: 8ire+tor and 5mployees to %hom options %ere granted
during the yearC
i: 8ire+tor9s: in+luding 7anaging 8ire+tor and Senior
7anagement 4ersonnel
6one
ii: (ny other employee %ho re+ei"ed a grant of options
amounting to 5 per+ent or more of options granted
6one
iii: Identified e%p!o"ees *ho *ere +ranted options
eLual to or e1+eeding 1 per+ent of the issued +apital
9e1+luding outstanding %arrants and +on"ersions: of
the Company at the time of grant
6one
&: 8iluted 5arning 4er Share 954S: pursuant to issue of
shares on e1er+ise of options +al+ulated in a++ordan+e
*ith <ccontin+ >tandard (<>) &0 D1arnin+ Per >hareE
)s-55-B2
i: 7ethods of +al+ulation of employee +ompensation
+ost
'ntrinsi+ <alue 7ethod
ii: 8ifferen+e ,et%een the employee +ompensation
+ost so +omputed at i: a,o"e and the employee
+ompensation +ost that shall ha"e ,een re+ogniGed
if it had used the fair "alue of the options
Emplo*ee Compensation Cost
(s per intrinsi+ "alue method . )s 0-#0 la+s
(s per fair "alue method using $la+& S+holes
7odel- )s- 0-D la+s
8ifferen+e in +ost is )s- 0-04 la+s
iii: The i%pact of this difference on Profits and on 1P>
of the Company
I%pact on Profits and 1P>
(mortisation for the F@ 13-14
(s per intrinsi+ "alue method . )s-0-#0 la+s
(s per fair "alue method using $la+& S+holes 7odel-)s-0-D
la+s
I%pact on profit':s.0.04 !acs
'mpa+t on diluted 54S- )s- 6il
Series ' @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: 3D-44 3D-44 3D-44 3D-44
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 3-00 3-00 3-00 3-00
("erage ris&-free interest rate 9H: 5-#D -33 -54 -B3
51pe+ted di"idend rate 9H: 2-31 2-31 2-31 2-31
51pe+ted life of 3ptions 4-0# years
>rant date 31-10-2005
Closing mar&et pri+e of share on date of option grant
Series '' @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: 1#-D# 1#-D# 1#-D# 1#-D#
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 3-00 3-00 3-00 3-00
("erage ris&-free interest rate 9H: -4 -D3 -#3 B-2
51pe+ted di"idend rate 9H: 2-52 2-52 2-52 2-52
51pe+ted life of 3ptions 4-4# years
>rant date 01-01-200
Closing mar&et pri+e of share on date of option grant
Series ''' @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: 31-D5 31-D5 31-D5 31-D5
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 3-00 3-00 3-00 3-00
("erage ris&-free interest rate 9H: -# B-10 B-2 B-40
51pe+ted di"idend rate 9H: 2-52 2-52 2-52 2-52
51pe+ted life of 3ptions 5-01 years
>rant date 0#-10-200
Closing mar&et pri+e of share on date of option grant
1D
Shriram Transport Finan+e Company Limited
8')5CT3)S! )543)T 9Contd-:
l: Series ' Series '' Series ''' Series '< Series < Series <'
/eighted a"erage e1er+ise pri+e )s-35-00 )s-35-00 )s-35-00 )s-35-00 )s-35-00 )s-35-00
/eighted a"erage fair "alue )s-5#-04 )s-#1-B5 )s-B4-D5 )s-13-40 )s-253-#0 )s-201-45
m: Fair <alue of option ,ased on $la+& S+holes methodology
)s-#3-30
)s-130-10
)s-111-25
8')5CT3)S! )543)T 9Contd-:
Series '< @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: 41-51 41-51 41-51 41-51
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 3-00 3-00 3-00 3-00
("erage ris&-free interest rate 9H: B-D B-B B-D2 B-DB
51pe+ted di"idend rate 9H: 0-D# 0-D# 0-D# 0-D#
51pe+ted life of 3ptions 5-DD years
>rant date 1B-0D-200B
Closing mar&et pri+e of share on date of option grant
Series < @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: #-22 #-22 #-22 #-22
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 3-00 3-00 3-00 3-00
("erage ris&-free interest rate 9H: #-41 #-3 #-34 #-3
51pe+ted di"idend rate 9H: 1-3 1-3 1-3 1-3
51pe+ted life of 3ptions -BD years
>rant date 15-0B-200D
Closing mar&et pri+e of share on date of option grant
Series <' @r 1 @r 2 @r 3 @r 4
51pe+ted <olatility 9H: 4-D0 4-D0 4-D0 4-D0
Life of the options granted 9<esting and e1er+ise period: in years 1-50 2-50 3-50 4-50
51pe+ted di"idends per annum 9)s-: 5-00 5-00 5-00 5-00
("erage ris&-free interest rate 9H: 4-03 4-D 5-20 5-4
51pe+ted di"idend rate 9H: 1-# 1-# 1-# 1-#
51pe+ted life of 3ptions B-0 years
>rant date 13-05-200#
Closing mar&et pri+e of share on date of option grant
)s-1D-05
)s-2#4-50
)s-245-25
(nnual )eport 2013-14
1#
20
Shriram Transport Finan+e Company Limited
)543)T 36
C3)43)(T5 g3<5)6(6C5
ThE CoM+an*3S +hILoSo+h* on Cor+oraTE
govErnanCE IS aIMED aT5
9a: 5nhan+ing long term Shareholder "alue through
(ssisting the top management in ta&ing sound
,usiness de+isionsJ and
Prdent financia! %ana+e%ent.
9,: (+hie"ing transparen+y and professionalism in all
de+isions and a+ti"ities of the Company-
9+: (+hie"ing e1+ellen+e in Corporate >o"ernan+e ,y
Conforming to the pre"alent guidelines on
Corporate >o"ernan+e* and e1+elling in* %here"er
possi,le-
)e"ie%ing periodi+ally the e1isting systems and
+ontrols for further impro"ements-
BoarD o.
DIrECTorS
Composition
The $oard of 8ire+tors of the Company +onsists of
professionals from "aried dis+iplines- The day to day
management of the affairs of the Company is entrusted %ith
the senior management personnel* headed ,y the 7anaging
8ire+tor* %ho fun+tions under the o"erall super"ision*
dire+tion and +ontrol of the $oard of 8ire+tors of the
Company- The $oard meets regularly to dis+uss* re"ie% and
de+ide upon the matters su+h as poli+y formulation* setting
up of goals* appraisal of performan+es %ith the goals and
+ontrol fun+tions* et+- Some of the po%ers of the $oard ha"e
also ,een delegated to Committee9s:* %hi+h monitors the
day-to- day affairs relating to operational matters- The $oard
thus e1er+ises +lose +ontrol o"er the o"erall fun+tioning of
the Company %ith a "ie% to enhan+e the Shareholder "alue-
The 'ndependent Birectors ha)e %ade disc!osres
confir%in+ that there are no %ateria!# financia! andGor
co%%ercia! transa+tions ,et%een 'ndependent 8ire+tors and
the Co%pan" *hich co!d ha)e potentia! conf!ict of interest
*ith the Company at large-
Brin+ the "ear nder re)ie*# fi)e %eetin+s of the 2oard of
8ire+tors %ere held on 7ay 0B* 2013* Fuly 05* 2013* Fuly 23*
2013* 3+to,er 2#* 2013* and Fanuary 2#* 2014-
The ma1imum gap ,et%een any t%o meetings %as not more
than four months- The thirty fourth (nnual >eneral 7eeting
%as held on Fuly 05* 2013-
(s mandated ,y Clause 4#* as of 7ar+h 31* 2014* none
of the 8ire+tors is a mem,er of more than ten $oard le"el
+ommittees and no su+h 8ire+tor is a Chairman of more than
fi)e Co%%ittees of the co%panies in *hich he is a Birector.
The ne+essary dis+losures regarding Committee positions
ha"e ,een made ,y the 8ire+tors-
(s of 7ar+h 31* 2014* the Company!s $oard +omprised of
nine mem,ers- The Chairman of the $oard is non-e1e+uti"e
8ire+tor- The 7anaging 8ire+tor is an 51e+uti"e of the
Company-
The agenda papers along %ith the e1planatory notes for
$oard 7eetings are sent in ad"an+e to the 8ire+tors- 'n
some instan+es* do+uments are ta,led at the meetings and
presentations are also made ,y the respe+ti"e e1e+uti"es
on the matters related to them at the $oard or Committee
7eetings-
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
The names and +ategories of 8ire+tors* their attendan+e at $oard 7eetings held during the year and at the last (nnual >eneral
7eeting 9(>7: and num,er of mem,ershipsA+hairmanships of 8ire+tors in other $oards and $oard Committees are as follo%sC
CoM+oSITIon o. BoarD aS o. MarCh 3#! (#&
name o. the Director
and Categor* o.
Directorship
%o. of
Board
Meetings
attended
)hether
attended
the last
agM
Total no.
of
Director,
ships
Totl no. of
Mem0erships o. the
Committees o. Board
Totl no. of
Chairmanships o. the
committees o. Board
Mem0er,
ships in
audit 6
Investor
grievance
Committees
Mem0er,
ships
in other
Committees
Chairman
,ships in
audit 6
Investor
grievance
Committees
Chairman,
ships
in other
Committees
7r- (run 8uggal
Chairman-6on- 51e+uti"e
6on- 'ndependent
5 @es 10 2 B 3 -
7r- ;mesh )e"an&ar
7anaging
8ire+tor-51e+uti"e
5 @es 3 1 - - 1
P7r- )- Sridhar
6on- 51e+uti"e
6on-'ndependent
4 @es - 2 1 -
7r- 7- S- <erma
6on-51e+uti"e*
'ndependent
3 @es 2 - 2 2
7r- S 7 $afna
6on-51e+uti"e*
'ndependent
3 @es 14 - - - -
7r- S La&shminarayanan
6on-51e+uti"e*
'ndependent
5 @es 4 - - - 1
7r-4uneet $hatia
6on-51e+uti"e*
6on-'ndependent
2 6o - - - -
PP7r- )an"ir 8e%an
6on-51e+uti"e* 6on-
'ndependent 9upto
Septem,er 02* 2013:
1 @es 6-(- 6-(- 6-(- 6-(- 6-(-
7r- (mita,h Chaudhry
6on-51e+uti"e and
'ndependent 8ire+tor
5 @es 3 1 - - -
7rs- =ishori Fayendra
;deshi
6on-51e+uti"e and
'ndependent 8ire+tor
4 @es 4 1 - - -
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
notes5
1- /hile +onsidering the total num,er of dire+torships of 8ire+tors* their dire+torships in pri"ate +ompanies* Se+tion 25
+ompanies and foreign +ompanies* if any* ha"e ,een in+luded and their dire+torship in the Company has ,een e1+luded-
2- The mem,erships and +hairmanships of 8ire+tors in +ommittees do not in+lude their mem,erships and +hairmanships in the
Company-
3- The mem,erships and +hairmanships of 8ire+tors in +ommittees in+lude their mem,erships and +hairmanships in the
%holly o%ned su,sidiaries of the Company-
4- 6one of the a,o"e 8ire+tors are related inter- se-
5- P7r- )- Sridhar parti+ipated in one 7eeting through tele-+onferen+e-
- PP 7r- )an"ir 8e%an +ease to ,e dire+tor of the Company %-e-f- Septem,er 02* 2013-
+olic* .or prohi0ition o. Insider Trading5
'n +omplian+e %ith the pro"isions of S5$' 94rohi,ition of
'nsider Trading: )egulations* 1##2* 9as amended from time
to ti%e) and to preser)e the confidentia!it" and pre)ent
%isse of unpu,lished pri+e sensiti"e information* the
Company has adopted a Code for 4rohi,ition of 'nsider
Trading for 8ire+torsA 7fficers and Besi+nated e%p!o"ees of
the Co%pan"# re!atin+ to dealings ,y them in the se+urities
of the Company-
The Code also pro"ides for periodi+al dis+losures from
BirectorsG7fficers and Besi+nated e%p!o"ees as *e!! as
pre' +learan+e of transa+tions ,y su+h persons-
auDIT CoMMITTEE
The (udit Committee of the Company is +onstituted in line
%ith the pro"isions of Clause 4# of the Listing (greements
%ith the Sto+& 51+hanges read %ith Se+tion 2#2( of the
Companies (+t* 1#5-
Terms o. re.erence
The terms of referen+e of the (udit Committee* inter alia
in+ludesC
7)erseein+ the financia! reportin+ process.
To ensure proper dis+losure in the Luarterly* half yearly
and (nnual Finan+ial Statements-
To re+ommend appointment* re-appointment of
auditors and the fi(in+ of their re%neration. <ppro)a! of
pa"%ent to statutory auditors for any other ser"i+es
rendered ,y them-
)e"ie%ing* %ith the management* the Finan+ial
Statements ,efore su,mission to the $oard-
)e"ie%ing* %ith the management* performan+e of
statutory and 'nternal auditors* adeLua+ies of the
internal +ontrol systems-
)e"ie%ing the adeLua+y of internal audit fun+tion
in+luding the stru+ture of the internal audit department*
staffin+ and seniorit" of the officia! headin+ the
department* reporting stru+ture* +o"erage and
freLuen+y of internal audit-
)e"ie%ing* %ith the management* the statement of
uses A appli+ation of funds raised through an issue
9pu,li+ issue* rights issue* preferential issue* et+-:* the
statement of funds utiliGed for purposes other than
those stated in the offer do+umentAprospe+tusAnoti+e
and the report su,mitted ,y the monitoring agen+y
monitoring the utiliGation of pro+eeds of a pu,li+ or
rights issue and ma&ing appropriate re+ommendations
to the $oard to ta&e up steps in this matter-
Biscssin+ *ith Interna! aditors on an" si+nificant
findin+s and fo!!o* p there on.
:e)ie*in+ the findin+s of an" interna! e(a%inations
,y the 'nternal auditors into matters %here there is
suspe+ted fraud or irregularity or a failure of internal
+ontrol systems of a material nature and reporting the
matter to the $oard-
8is+ussing %ith statutory auditors ,efore the audit
+ommen+es* a,out the nature and s+ope of audit as
%ell as post-audit dis+ussion to as+ertain any area of
+on+ern-
To dis+uss %ith the management* the senior internal
audit e1e+uti"es and the statutory auditorAs the
Company!s ma2or ris& e1posures and guidelines and
poli+ies to go"ern the pro+esses ,y %hi+h ris&
assessment and ris& management is underta&en ,y the
Company* in+luding discssin+ the Co%pan"@s %a.or
financia! ris, e(posres and steps ta&en ,y
management to monitor and mitigate su+h e1posures
and from time to time +onferring %ith
22
Shriram Transport Finan+e Company Limited
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
23
(nnual )eport 2013-14 )543)T 36 C3)43)(T5 >3<5)6(6C5
another CommitteeAs of the $oard a,out ris& e1posures
and poli+ies %ithin the s+ope of su+h other Committee!s
o"ersight-
To loo& into the reasons for su,stantial defaults in
the payment to the depositors* de,enture holders*
shareholders 9in +ase of non-payment of de+lared
di"idends: and +reditors* if any-
To re"ie% the fun+tioning of the /histle $lo%er
7e+hanism-
(ppro"al of appointment of CF3 9i-e-* the %hole-time
3inance Birector or an" other person headin+ the
finance fun+tion or dis+harging that fun+tion: after
assessing the ;a!ifications# e(perience J $ac,+rond#
etc. of the +andidate-
Carrying out any other fun+tion as is mentioned in the
terms of referen+e of the (udit Committee-
To re)ie* the financia! >tate%ents# in partic!ar# the
in"estments made ,y the unlisted su,sidiary +ompanyA
ies-
8uring the year under re"ie%* four meetings %ere held
on 7ay 0B* 2013* Fuly 22* 2013* 3+to,er 2#* 2013* and
Fanuary 2D* 2014-The ma1imum gap ,et%een any t%o
meetings %as not more than four months-
The ne+essary Luorum %as present for all the meetings-
Composition
6ame of
the 7em,er Category
6o- of
7eetings
(ttended
7r- 7- S- <erma .
Chairman
6on-51e+uti"e*
'ndependent
4
7r- 4uneet $hatia 6on-51e+uti"e*
6on- 'ndependent
1
7r- S- 7- $afna 6on-51e+uti"e*
'ndependent
3
P7rs- =ishori ;deshi 6on-51e+uti"e*
'ndependent
3
PThe $oard of 8ire+tors in its meeting held on Fuly 05* 2013
appointed 7rs- =ishori ;deshi* 'ndependent 8ire+tor as a
ne% mem,er of the (udit Committee-
The Company Se+retary a+ts as the Se+retary for the (udit
Committee- The Statutory (uditors* 'nternal (uditor* the
9ana+in+ Birector and the Chief 3inancia! 7fficer and the
?ead of (++ounts 8epartment of the Company attend and
parti+ipate in the meetings of the (udit Committee-
rEMunEraTIon CoM+EnSaTIon anD noMInaTIon
CoMMITTEE
Terms o. re.erence
The terms of referen+e of the )emuneration Compensation
and 6omination Committee* inter alia in+ludesC
&!ecuti'e (emunertion
The Committee is responsi,le for assisting the $oard of
8ire+tors in the $oard!s o"erall responsi,ilities relating to
determination on their ,ehalf and on ,ehalf of the
Shareholders %ith agreed terms of referen+e* the Company!s
poli+y on specific re%neration pac,a+es and an"
co%pensation payment for the 7anaging 8ire+torA /hole-
time 8ire+tors and 51e+uti"e 8ire+tors- The role of the
Committee in+ludesC
To pro"ide independent o"ersight of and to +onsult %ith
management regarding the Company!s +ompensation*
,ons# pension and other $enefit p!ans# po!icies and
pra+ti+es appli+a,le to the Company!s e1e+uti"e
management-
To de"elop guidelines for and annually re"ie% and
appro"e 9a: the annual ,asi+ salary* 9,: the annual
incenti)e and $ons# inc!din+ the specific +oa!s and
amount and 9+: eLuity +ompensation for the 7anaging
Birector and the other e(ecti)e officers of the
Company-
To re"ie% and appro"e 9a: employment agreements*
se"eran+e arrangements and +hange in +ontrol
a+ree%entsG pro)isions and ($) an" other $enefits#
+ompensation or arrangements for the 7anaging
8ire+tor and the other e(ecti)e officers of the
Co%pan".
To re+ommend the appointment of the 8ire+tor to the
$oard-
Emplo*ees Stoc- option Scheme (ESoS)
The Committee is responsi,le for assisting the $oard of
8ire+tors in the $oard!s o"erall responsi,ilities relating to
5S3S in+luding* administration of the Company!s sto+&
in+enti"e plans* and other similar in+enti"e plans* and
interpret and adopt rules for the operation thereof-
The Committee!s responsi,ility also +o"ers esta,lishment of
guidelines for and appro"al of the grant of sto+& 3ptions to
&ey e%p!o"ees# officers and directors of the Co%pan"#
inc!din+ determination of the num,er of shares to ,e
+o"ered ,y ea+h 3ption* %hether the 3ption %ill ,e an
in+enti"e sto+& 3ption or other%ise* and the "esting
s+hedule for su+h 3ptions-
8uring the year under re"ie%* three meetings of the
Committee %ere held on Fuly 05* 2013* 3+to,er 2#* 2013
and Fanuary
2#* 2014-
The ne+essary Luorum %as present for all the meetings-
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
Composition
6ame of the
7em,er Category
6o- of
7eetings
(ttended
ad"ise and inputs pro"ided ,y the 'ndependent 8ire+tors-
The 'ndependent 8ire+tors de"ote their "alua,le time in
deli,erating on the strategi+ and +riti+al issues in the +ourse
of the $oard and Committee meetings of the Company and
gi"e their "alua,le ad"i+e* suggestion and guidan+e to the
7r- S-
La&shminarayan -
6on 51e+uti"e-
'ndependent
3
management of the Company from time to time-
6on-51e+uti"e 8ire+tors get sitting fees for attending ea+h
Chairman
7r- 4uneet $hatia 6on 51e+uti"e . 1
6on - 'ndependent
7r- S- 7- $afna 6on 51e+uti"e-
3
'ndependent
remuneration polic* o. the Compan*
.or Managing Director
The 9ana+in+ Birector is paid a fi(ed ;ant% of sa!ar"
and perLuisites- ?e is also eligi,le for su+h per+entage of
+ommissionAin+enti"e as may ,e re+ommended ,y the
)emuneration Compensation and 6omination Committee
,ased on the o"erall performan+e of the Company* %hi+h
shall ,e %ithin the o"erall limits permissi,le under the
Companies (+t* 1#5 and as appro"ed ,y the Shareholders-
:e%neration paid to the 9ana+in+ Birector for the financia!
year 2013 - 2014 is gi"en else%here in this )eport-
)or %on &!ecuti'e *n+epen+ent ,irector-
The Co%pan" is $ein+ $enefited fro% the e(pertise#
meeting of the $oard of 8ire+torsACommittees thereof and
reim,ursement of out-of-po+&et e1penses in+urred*
%here"er appli+a,le* for attending su+h meetings- The sitting
fee is paya,le only to 'ndependent 8ire+tors- The sitting fee
paya,le per meeting is as underC
a: $oard meeting )s- 20*000A-
,: Committee meeting )s- 15*000A-
'n addition to the sitting fees* 'ndependent 8ire+tors are also
paid Commission as per the Spe+ial resolution passed ,y
the shareholders in their 34th (>7 held on Fuly 05* 2013-
The $oard of 8ire+tors at its meeting held on (pril 2#* 2014
has appro"ed payment of Commission to the 'ndependent
8ire+tors for the Finan+ial @ear 2013-14- The +riteria for
payment of +ommission has ,een posted on the Company!s
%e,site i-e- %%%-stf+-in-
24
Shriram Transport Finan+e Company Limited
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
25
(nnual )eport 2013-14 )543)T 36 C3)43)(T5 >3<5)6(6C5
The details o. sitting .ees6remuneration6commission paid6to 0e paid to the Directors during the *ear (#3 , #& are as
under5
.r.
%o. name o. the Director
Sitting .ees
.or attending
/eeting- ((-.)
Salar*!
+er/uisites
0 &.1. ((-.)
Commission
((-.)
Total
((-.)
1 7r- (run 8uggal*
Chairman
- - - -
2 7r- ;mesh )e"an&ar
7anaging 8ire+tor
- 4D*1B*D53A- - 4D*1B*D53A-
3 7r- )- Sridhar - - - -
4 7r- 7- S- <erma 1*20*000A- - 5*00*000A- 20*000A-
5 7r- S- 7- $afna 4*35*000A- - 5*00*000A- #*35*000A-
7r- S- La&shminarayanan 2*05*000A- - 5*00*000A- B*05*000A-
B 7r- 4uneet $hatia - - - -
D 7r- )an"ir 8e%an - - - -
# 7r- (mita,h Chaudhry 1*30*000A- - 5*00*000A- *30*000A-
10 7rs- =ishori ;deshi 1*40*000A- - 5*00*000A- *40*000A-
Ser"i+e Ta1 on sitting fees paid to
the 8ire+tors
2*B2BA-
notes5
7r- ;mesh )e"an&ar %as appointed as the 7anaging 8ire+tor of the Company for a period of 5 years %ith effe+t from (pril
01* 2012 ,y the shareholders at their 33rd (nnual >eneral 7eeting held on Fuly 5* 2012- ?is remuneration in+ludes salary and
in+enti"e of )s- 33*00*000A-p-a* 4erLuisites of )s- 11*10*#0DA- +ontri,ution to 4ro"ident Fund of )s- 3*DD*D00A- and appli+a,le
dis+ount of )s- 1D*145A- on Sto+& 3ptions- The appointment may ,e terminated ,y gi"ing three months noti+e in %riting or salary
in lieu thereof- 6o se"eran+e fees are paya,le on termination of employment-
The Commission for the year ended 7ar+h 31* 2014 %ill ,e paid to all 'ndependent 8ire+tors su,2e+t to dedu+tion of ta1 after
adoption of (++ounts ,y the Shareholders in the ensuing 35th (>7 of the Company-
Details o. Shares 6 )arrants held 0* the Directors as
on March 3#! (#&! are as 0elo)5
6ame of the 8ire+tor Share A /arrant holdings
SharEhoLDErS36 InvESTorS3 grIEvanCE
CoMMITTEE
Terms o. re.erence
7r- (run 8uggal
Chairman
7r- ;mesh )e"an&ar
-
55*1D4 shares
The Committee is responsi,le for assisting the $oard of
8ire+tors in the $oard!s o"erall responsi,ilities relating
to attending to and redressal of the grie"an+es of the
shareholders and the in"estors of the Company-
7anaging 8ire+tor
7r- )- Sridhar -
7r- 7- S- <erma -
7r- S- 7- $afna 1*200 shares
7r- S- La&shminarayanan -
7r- 4uneet $hatia -
7r- (mita,h Chaudhry -
7rs- =ishori ;deshi -
The Committee in particular loo-s into5
The listing of se+urities on sto+& e1+hanges-
The Shareholders! and in"estors! +omplaints on matters
relating to transfer of shares* non-re+eipt of annual
report* non-re+eipt of di"idends and matters related
thereto-
The matters that +an fa+ilitate ,etter in"estor ser"i+es
and relations-
(ttending to in"estors! Lueries and +omplaints
regarding transfer* di"idend* annual reports* et+-
(ttending to +omplaints of in"estors routed ,y S5$'A
Sto+& 51+hangesA)$'-
Shareholders36Investors3 Complaints
6o- of Complaints
6on
Con"erti,le
The amounts transfera,le to 'n"estor 5du+ation and
4rote+tion Fund-
Status of Complaints 5Luity 8e,entures
The profi!e of in)estors.
Ta&ing de+ision on %ai"er of reLuirement of o,taining
the >ccession CertificateGPro$ate of Ki!! on case to
+ase ,asis %ithin the parameters set out ,y the $oard
of 8ire+tors-
Ta&ing de+isions in +onne+tion %ith issue of glo,al
depository re+eipts* and
The se+retarial audits-
8uring the year* the Committee met four times on (pril 1D*
2013* Fuly 05* 2013* 3+to,er 2D* 2013 and Fanuary 2#*
2014-
The ne+essary Luorum %as present for all the meetings-
Complaints pending as on
(pril 01* 2013
Complaints re+ei"ed during the
period (pril 01* 2013 to
7ar+h 31* 2014
Co%p!aints identified and
reported under Clause 41 of the
Listing (greement
Complaints disposed of during
the year ended 7ar+h 31* 2014
Complaints unresol"ed as of
7ar+h 31* 2014
6'L 6'L
B 15
B 15
15
1P 6'L
Composition
name o. the
Mem0er Categor*
%o. of
Meetings
attended
PSin+e resol"ed-
These +omplaints ha"e ,een attended on time and none of
the +omplaints %ere pending for a period e1+eeding 30 days-
7r- <i"e& 7- (+h%al* Company Se+retary is designated as
7r- S-
La&shminarayanan
. Chairman
7r- ;mesh
>o"ind )e"an&ar
6on 51e+uti"e-
'ndependent
7anaging 8ire+tor-
51e+uti"e
4
Co%p!iance 7fficer of the Company-
Ban1Ing anD .InanCE CoMMITTEE
4
Terms o. re.erence
The $an&ing and Finan+e Committee has ,een formed to
The status of in"estor grie"an+es is monitored ,y the
Committee periodi+ally and the minutes of the Committee
are made a"aila,le to the $oard- The +omplaints re+ei"ed
from the Shareholders* S5$'* Sto+& 51+hanges and others
are re"ie%ed and they are replied to ,y the
CompanyA)egistrar
& Share Transfer (gents regularly- The status of the
pending +omplaints as %ell as the system of redressal
me+hanism is re"ie%ed ,y the Committee periodi+ally-
%onitor resorces %o$i!isation and to ensre efficient and
ti%e!" decisions on the %atters re!atin+ to $an,in+ and finance
a+ti"ities of our Company- The Committee meets regularly to
dis+harge its fun+tions-
8uring the year under re"ie%* the Committee met 3B times-
The ne+essary Luorum %as present for all the meetings-
Composition
name o. the
Mem0er Categor*
7r- ;mesh )e"an&ar 7anaging 8ire+tor
%o. of
Meetings
attended
34
Profit p!annin+ and +ro*th pro.ection
Fore+asting and analysing future ,usiness en"ironment
and preparation of +ontingen+y plans-
8uring the year under re"ie%* the Committee met four times
on (pril 2#* 2013* Fuly 23* 2013* and 3+to,er 2#* 2013-
The ne+essary Luorum %as present for all the meetings-
- Chairman and C53
Composition
7r- 4arag Sharma 7em,er 3
7r- <inay =el&ar 7em,er 34
aSSET LIaBILIT* ManagEMEnT CoMMITTEE
name o. the
Mem0er Categor*
7r- ;mesh )e"an&ar 7anaging 8ire+tor-
%o. of
Meetings
attended
3
Terms o. re.erence
The Committee is responsi,le for assisting the $oard
of 8ire+tors in $alan+e Sheet planning from ris&-return
perspe+ti"e in+luding the strategi+ management of interest
- Chairman
7r- )an"ir8e%an
9upto Septem,er 02*
51e+uti"e
6on 51e+uti"e-6ominee -
of 6e%,ridge 'ndia
and liLuidity ris&- 'ts fun+tion in+ludes -
LiLuidity ris& management
7anagement of mar&et ris&s
Funding and +apital planning
gEnEraL BoD* MEETIngS
2013:
'n"estments '' Ltd-
7r- 4arag Sharma 7em,er 3
P7rs- =ishori ;deshi 7em,er 1
PThe $oard of 8ire+tors in its meeting held on 3+t- 2#* 2013
appointed 7rs- =ishori ;deshi* 'ndependent 8ire+tor as a
ne% mem,er of the (sset Lia,ility 7anagement Committee-
Details o. location and time o. holding the last three annual general Meetings (agM)5
@ear (>7 Lo+ation 8ate & Time
2010-11 32nd (>7 Sri Thyaga $rahma >ana Sa,ha*
0<ani 7ahal!* 103* >-6- )oad* T- 6agar* Chennai - 00 01B-
Fune 24* 2011 at 11-00 (-7
2011-12 33rd (>7 6arada >ana Sa,ha 97ain ?all:
6o* 314* TT= )oad* (l%arpet* Chennai - 00 01D-
Fuly 05* 2012 at 11-00 (-7
2012-13 34th (>7 6arada >ana Sa,ha 97ain ?all:*
6o* 314* TT= )oad* (l%arpet* Chennai - 00 01D-
Fuly 05* 2013 at 11-00 (-7
a: (t the 32nd (>7 held on Fune 24* 2011* spe+ial
resolution %as passed %here,y (rti+les 4 to 4# and
(rti+les 4 to D1 %ere deleted and the e1isting arti+le
from 50 to 3 renum,ered as arti+les 4 to 5#-
,: 6o spe+ial resolution %as passed in the 33rd (>7-
+: (t the 34th (>7 held on Fuly 05* 2013* no spe+ial
resolution %as passed through 4ostal $allot- ?o%e"er*
a spe+ial resolution %as passed for payment of
Co%%ission ot of the net profit of the co%pan"
+omputed in the manner laid do%n in Se+tion 34# and
350 of the Companies (+t*1#5 to the non-e1e+uti"e
independent directors for a period of fi)e "ears endin+
7ar+h 31* 201B- ( spe+ial resolution %as also passed
for alteration of (rti+les of (sso+iation of the Company-
d: (t the ensuing (>7 to ,e held on Fuly 0#* 2014* 9a:
T%o spe+ial resolutions are proposed for passing
through 4ostal $allot namely* i: Creation of Se+urity
in respe+t of ,orro%ings and ii: Selling* assigning*
se+uritiGing )e+ei"a,les under Se+tion 1D091:9a:
of the Companies (+t* 2013 9(+t: 9,: three spe+ial
resolutions are proposed through e-"oting system
namely* i: to ,orro% monies for the purpose of the
,usiness of Company under Se+tion 1D091:9+: of the
(+t* ii: issue of se+urities under Se+tion 42 of the (+t on
pri"ate pla+ement ,asis and iii: alteration of the (rti+les
of (sso+iation of the Company under Se+tion 14 of the
(+t- 8etails of spe+ial resolutions are gi"en in the noti+e
of the ensuing (>7- 4ro+edure for 4ostal $allot for
+ertain spe+ial resolutions is mentioned in the 4ostal
$allot 6oti+e dated 7ay 2B* 2014-
SuBSIDIar* CoM+anIES
The Company has t%o %holly o%ned su,sidiaries ,y name
Shriram 5Luipment Finan+e Company Limited 9S5FCL: and
Shriram (utomall 'ndia Limited 9S('L:- These su,sidiary
+ompanies are non-material unlisted su,sidiaries of the
Company-
7r- 7-S-<erma and 7r-S-La&shminarayanan* independent
dire+tors of the Company* are dire+tors on the $oard of
8ire+tors of S5FCL and S('L respe+ti"ely-
The (udit Committee of the Company regularly re"ie%s the
financia! state%ents# in partic!ar# the in)est%ents# if an"#
made ,y the su,sidiary +ompanies- $esides* the minutes
of the ,oard meetings of the su,sidiaries are pla+ed at the
$oard meeting of the Company periodi+ally- There are no
si+nificant transactions and arran+e%ents entered into $"
the s$sidiar" co%panies drin+ the financia! "ear ended
7ar+h 31* 2014 reLuiring it to ,e ,rought to the attention of
the $oard of 8ire+tors of the Company-
The dis+losures in terms of +lause 32 of the Listing
(greement relating to Loans and ad"an+es in the nature of
loans to su,sidiaries are gi"en in the (nnual )eport of the
Company-
ShrIraM E/uI+MEnT .InanCE CoM+an* LIMITED
(SE.CL)
>13CL is en+a+ed in e;ip%ent financin+ $siness and *as
in+orporated on 8e+em,er 15* 200#- 't has ,een registered
as a Non'Beposit <cceptin+ N23C )ide certificate dated
3+to,er 0D* 2010 issued ,y )eser"e $an& of 'ndia under
Se+tion 45 '( 94: of )eser"e $an& of 'ndia (+t* 1#34-
$oard of 8ire+tors of S5FCLC
The +omposition of the $oard of 8ire+tors of S5FCL is as
follo%s-
1- 7r- 7-S- <erma - Chairman
2- 7r- )- Sridhar
3- 7r- >- S- Sundarara2an
4- 7r- (mol Fain and
5- 7r- 4ratap 4aode
Ca+ITaL STruCTurE o. SE.CL5
The Capital Stru+ture of S5FCL as on 7ar+h 31* 2014 is as follo%sC
9)s-:
+articulars as at 3#6(36(#& as at 3#6(36(#3
authorised capital
25*00*00*000 5Luity Shares of )s- 10A- ea+h 2*500*000*000 2*500*000*000
B5*000*000 Compulsorily Con"erti,le 4referen+e Shares of )s- 100A- ea+h B*500*000*000 B*500*000*000
#(!(((!(((!((( #(!(((!(((!(((
Issued! Su0scri0ed and .ull* +aid up capital
10*000*000 5Luity Shares of )s- 10A- ea+h 100*000*000 100*000*000
25*000*000 Compulsorily Con"erti,le 4referen+e Shares of )s- 100A- ea+h 2*500*000*000 2*500*000*000
!$((!(((!((( !$((!(((!(((
ShrIraM auToMaLL InDIa LIMITED (SaIL)
S('L is pro"iding fa+ilitation ser"i+es for disposal of pre-o%ned used and repossessedArefur,ished "ehi+les* Farm A (gri+ulture*
Constru+tion & 'ndustrial 5Luipment A 7a+hinery of all types and +ategories- S('L has so far opened 32 (utomalls at different
lo+ations of 'ndia-
$oard of 8ire+tors of Shriram (utomall 'ndia Limited
1- 7r- S- La&shminarayanan - Chairman
2- 7r- ;mesh )e"an&ar
3- 7r- 8-<- )a"i
4- 7r- >aura" Trehan and
5- 7r- Sameer 7alhotra
Capital Structure o. SaIL5
The Capital Stru+ture of S('L as on 7ar+h 31* 2014 is as follo%sC
9)s-:
+articulars as at 3#6(36(#& as at 3#6(36(#3
authorised capital
100*000*000 5Luity Shares of )s- 10A- ea+h 1*000*000*000 1*000*000*000
#!(((!(((!((( #!(((!(((!(((
Issued! Su0scri0ed and .ull* +aid up capital
30*000*000 5Luity Shares of )s- 10A- ea+h 300*000*000 300*000*000
3((!(((!((( 3((!(((!(((
'n terms of the Cir+ular 6oC 2A2011 dated Fe,ruary 0D* 2011
of the 7inistry of Corporate (ffairs* >o"ernment of 'ndia*
the $oard of 8ire+tors of the Company has ,y resolution
gi"en their +onsent for not atta+hing the (nnual )eports of
the su,sidiaries to the $alan+e Sheet of the Company- The
Conso!idated financia! state%ents of the Co%pan" *ith that
of the su,sidiaries duly audited ,y the Company!s statutory
auditors are presented else%here in the (nnual )eport- The
conso!idated financia! state%ents attached to this <nna!
)eport are prepared in +omplian+e %ith the appli+a,le
(++ounting Standards and Listing (greement-
The annual reports and the annual a++ounts of the
su,sidiaries and the related detailed information shall ,e
made a"aila,le to shareholders of the Company and the
su,sidiaries see&ing su+h information at any point of time-
The annual a++ounts of the su,sidiaries shall also ,e &ept
for inspection $" an" shareho!ders at the :e+istered 7ffice
of the Company and of the respe+ti"e su,sidiaries- The
Company shall furnish hard +opy of details of a++ounts of
the su,sidiaries to any shareholder on demand-
Further* the annual a++ounts of the su,sidiaries shall ,e
a"aila,le on the %e,site of the Company "iG- %%%-stf+-in
and shall also ,e pro"ided to the Shareholders on their
%ritten reLuest to the Company-
Disclosures
There are no %ateria!!" si+nificant re!ated part" transactions
%ith the Company!s promoters* dire+tors* &ey managerial
personne! or their re!ati)es# *hich %a" ha)e potentia! conf!ict
%ith the interest of the Company at large-
8is+losures on transa+tions %ith related parties* as reLuired
under the 'ndian (++ounting Standard 1D* ha"e ,een
in+orporated in the 6otes to the (++ounts-
There are no instan+es of non-+omplian+e ,y the Company*
penalties or stri+tures imposed on the Company ,y the
Sto+& 51+hanges and S5$'* or any statutory authority on
any matter related to +apital mar&ets during the last three
years-
The Company has adopted Code of Condu+t 90Code!: for the
7em,ers of the $oard and Senior 7anagement 4ersonnel
as reLuired under Clause 4# of the Listing (greement- (ll
the $oard 7em,ers and the Senior 7anagement 4ersonnel
ha)e affir%ed co%p!iance of the Code. The <nna! :eport of
the Company +ontains a de+laration to this effe+t signed ,y
the 7anaging 8ire+tor- Further* the Code of Condu+t of the
Company appli+a,le to the $oard and Senior 7anagement
4ersonnel is also posted on the %e,site of the +ompany-
The Company has adopted the /histle $lo%er 4oli+y and
has esta,lished the ne+essary me+hanism in line %ith
Clause
4# of the Listing (greement %ith the Sto+& 51+hanges* for
employees to report +on+erns a,out unethi+al ,eha"ior- 6o
person has ,een denied a++ess to the (udit Committee-
The Company has +omplied %ith all the mandatory
reLuirements as stipulated in +lause 4# of the Listing
<+ree%ent and f!fi!!ed the fo!!o*in+ non'%andator"
reLuirements as pres+ri,ed in (nne1ure ' 8 to Clause 4# of
the Listing (greement %ith the Sto+& 51+hangesJ
a- The Company has set up a )emuneration
Compensation and 6omination Committee- 4lease see
para on )emuneration Compensation and 6omination
Committee for details-
,- The Company has adopted the /histle $lo%er 4oli+y-
Capital audit
The +apital audit as reLuired under )egulation 55( of S5$'
98epositories and 4arti+ipants: )egulations* 1## read
%ith S5$' Cir+ular 6o- 8&CCAF'TTCACir-1A2002 dated
31A12A2002 and S5$' Cir+ular 6o- C')A7)8A84A30A2010*
a La!ified Practicin+ Co%pan" >ecretar" carries ot
Capital (udit to re+on+ile the total admitted eLuity +apital
%ith 6ational Se+urities 8epository Limited 96S8L: and the
Central 8epository Ser"i+es 9'ndia: Limited 9C8SL: and the
total issued and listed eLuity +apital- This audit is +arried out
e"ery Luarter and the report thereon is su,mitted to the
Sto+& 51+hanges and to the $oard of 8ire+tors-
CErTI.ICaTIon B* ManagIng DIrECTor anD ChIE.
.InanCIaL o..ICEr
Certification $" the 9ana+in+ Birector and the Chief 3inancia!
7fficer is pro)ided e!se*here in the <nna! :eport.
MEanS o.
CoMMunICaTIon
The adited financia! res!ts# the ;arter!" res!ts and ha!f'
yearly results of the Company are pu,lished in 5nglish 9The
5+onomi+ Times: and Tamil ne%spapers 97a&&al =ural:-
4ress release are also gi"en in the leading ne%spapers- ;p-
to'date financia! res!ts# press re!eases and other +enera!
information a,out the Company are also a"aila,le on the
Company!s %e,site %%%-stf+-in-
7r Co%pan" does N>1 7n!ine fi!in+ thro+h *e$ $ased
app!icationM N1<Ps and 2>1 7n!ine fi!in+.
35th annuaL gEnEraL MEETIng
+articulars as at 3#6(36(#&
a- 8ate and Time Fuly 0#* 2014 at 11-00 (-7
,- <enue The 7usi+ (+ademy* T-T-=rishnama+hari (uditorium 97ain
?all:* 6o- 1D* T-T-=- )oad* )oyapettah* Chennai - 00 014
+- $oo& Closure 8ate Fune 2B* 2014 to Fuly 0#* 2014 9,oth days in+lusi"e:
d- 8i"idend (n 'nterim 8i"idend of 30H %as de+lared ,y the $oard of
8ire+tors at its meeting held on 3+to,er 2#* 2013 and the
payments thereof %ere effe+ted on 6o"em,er 25* 2013-
The pa"%ent of fina! di)idend# pon dec!aration $" the
shareholders at the (nnual >eneral 7eeting* %ill ,e made on or
after Fuly 11* 2014-
e- Finan+ial Calendar 2014 - 2015
(nnual >eneral 7eeting Septem,er 2015
;naudited results for the Luarter ending Fune 30* 2014 Last %ee& of Fuly* 2014
;naudited results for the LuarterAaudited results for half -
year ending Septem,er 30* 2014
;naudited results for the Luarter ending
8e+em,er 31* 2014
Last %ee& of 3+to,er 2014
Last %ee& of Fanuary 2015
(udited results for the year ending 7ar+h 31* 2015 7ay 2015
f- Sto+& Code
$S5 Limited 51121D
6ational Sto+& 51+hange of 'ndia Limited S)T)(6SF'6
8emat 'S'6 in 6S8L & C8SL '65B21(01013
The Co%pan" has paid the anna! !istin+ and cstodian fees for the financia! "ear &014'15 to the stoc, e(chan+es and
depositories-
The Company!s 6on-Con"erti,le 8e,entures 96C8s: offered for su,s+ription to pu,li+ under the 4rospe+tus dated Fuly 1*
200#* 7ay 0* 2010* Fune 1* 2011* Fuly 1* 2012* Fuly 05* 2013 and Septem,er 23* 2013 are listed on 6S5 and $S5- The 'S'6
details for these 6C8s are as underC
Coupon
Securit*
Description ISIn
Codes in
Stoc-
&!c2nge-
Coupon
(3) p..
Duration
and Interest
+a*a0le
Date o.
allotment Maturit* Dates
+ut and
Call
option
nCDs I , (('
Se+ured 6C8s
93ption ':
'65B21
(0B#52
$S5 - #34BD5
6S5- 61
11-00H 9P: S57'-(66;(L 2BA0DA200# 20H of Fa+e "alue to ,e
redeemed on 2A0DA2014
6(
Se+ured 6C8s '65B21 $S5 - #34BD 11-25H 9P: (66;(L 2BA0DA200# 20H of Fa+e "alue to ,e 6(
93ption '' :
(0B#0
6S5 - 62 redeemed on 2A0DA2014
Se+ured 6C8s
93ption ''':
'65B21
(0B#BD
$S5 - #34BDB
6S5 -63
11-03H to ,e
+ompounded
Luarterly
C;7;L(T'<5 C
O;()T5)L@
2BA0DA200# 2A0DA2014 6(
Se+ured
6C8s
93ption '<:
'65B21
(0B#D
$S5 -
#34BDD
6S5 - 64
11-00H (66;(L 2BA0DA200# 2A0DA2014 6(
nCDs II , (#(
Se+ured
6C8s 93ption
': 9)eser"ed
'ndi"iduals:
'65B21
(0B(LB
$S5 -
#34B#3
6S5 - 6
#-B5H 9P: (66;(L 02A0A2010 01A0A2015 6(
Securit*
Description ISIn
Codes in
Stoc-
&!c2nge-
Coupon
(3) p..
Coupon
Duration and
Interest
+a*a0le
Date o.
allotment Maturit* Dates
+ut and
Call
option
Se+ured
6C8s
93ption ':
9;nreser"ed
'ndi"iduals:
'65B21
(0B(=#
$S5 -
#34B#4
6S5 - 6B
#-50H (66;(L 02A0A2010 01A0A2015 6(
Se+ured
6C8s 93ption
': 93thers:
'65B21
(0B(F1
$S5 -
#34B#5
6S5 - 6D
#-00H (66;(L 02A0A2010 01A0A2015 6(
Se+ured
6C8s 93ption
'': 9)eser"ed
'ndi"iduals:
'65B21
(0B(31
$S5 .
#34B#
6S5 - 6#
10-25H 9P: S57'-(66;(L 02A0A2010 01A0A201B 6ote -
9Q:
Se+ured
6C8s
93ption '':
9;nreser"ed
'ndi"iduals:
'65B21
(0B(63
$S5 -
#34B#B
6S5 - 6(
10-00H S57'-(66;(L 02A0A2010 01A0A201B 6ote -
9Q:
Se+ured
6C8s 93ption
'': 93thers:
'65B21
(0B(75
$S5 -
#34B#D
6S5 - 6$
#-50H S57'-(66;(L 02A0A2010 01A0A201B 6ote -
9Q:
Se+ured
6C8s 93ption
''': 9)eser"ed
'ndi"iduals:
'65B21
(0B()4
$S5 -
#34B##
6S5 - 6C
10-5H 9P: (66;(L 02A0A2010 = 404 of 3ace )a!e 6(
to ,e redeemed on
01-0-2014
= &04 of 3ace )a!e
to ,e redeemed on
01A0A2015
Se+ured
6C8s
93ption ''':
9;nreser"ed
'ndi"iduals:
'65B21
(0B(O
$S5 -
#34D00
6S5 - 68
10-25H (66;(L 02A0A2010 = 404 of 3ace )a!e 6(
to ,e redeemed on
01-0-2014
= &04 of 3ace )a!e
to ,e redeemed on
01A0A2015
Se+ured
6C8s 93ption
''': 93thers:
'65B21
(0B(4D
$S5 -
#34D01
6S5 - 65
#-B5H (66;(L 02A0A2010 = 404 of 3ace )a!e 6(
to ,e redeemed on
01-0-2014
= &04 of 3ace )a!e
to ,e redeemed on
01A0A2015
;nse+ured
dou,le ,ond
6C8s 93ption
'<: )eser"ed
'ndi"iduals:
'65B21
(0D#D4
$S5 -
#34D02
6S5 - 6F
6( 6( 02A0A2010 100H to ,e redeemed
on 01A12A201 plus a
premium of )s-1000A-
6(
;nse+ured
dou,le
,ond 6C8s
93ption '<:
9;nreser"ed
'ndi"iduals:
'65B21
(0D#B
$S5 -
#34D03
6S5 - 6>
6( 6( 02A0A2010 100H to ,e redeemed
on 01A03A201B plus a
premium of )s-1000A-
6(
Securit*
Description ISIn
Codes in
Stoc-
&!c2nge-
Coupon
(3) p..
Coupon
Duration and
Interest
+a*a0le
Date o.
allotment Maturit* Dates
+ut and
Call
option
;nse+ured
dou,le ,ond
6C8s 93ption
'<: 93thers:
'65B21
(0D#D
$S5 -
#34D04 6S5
- 6?
6( 6( 02A0A2010 100H to ,e redeemed
on 01A0A201B plus a
premium of )s-1000A-
6(
;nse+ured
6C8s 93ption
<: 9)eser"ed
'ndi"iduals:
'65B21
(0D(C4
$S5 -
#34D05
6S5 - 6'
11-00H (66;(L 02A0A2010 01A0A201B 6(
;nse+ured
6C8s
93ption <:
9;nreser"ed
'ndi"iduals:
'65B21
(0D($
$S5 -
#34D0
6S5 - 6F
10-B5H (66;(L 02A0A2010 01A0A201B 6(
;nse+ured
6C8s 93ption
<: 93thers:
'65B21
(0D((D
$S5 -
#34D0B
6S5 - 6=
10-25H (66;(L 02A0A2010 01A0A201B 6(
nCDs III , (##
Se+ured
6C8s 93ption
': 9)eser"ed:
'65B21
(0B(<
$S5 -
#34D11 6S5
- 6L
11-0H (66;(L 12A0BA2011 11A0BA201 6ote
- 9R:
Se+ured '65B21 $S5 - 11-35H (66;(L 12A0BA2011 11A0BA201 6ote
6C8s (0B(/4 #34D12 - 9R:
93ption ': 6S5 - 67
9;nreser"ed:
Se+ured '65B21 $S5 . 11-10H (66;(L 12A0BA2011 11A0BA201 6ote
6C8s 93ption (0B(S2 #34D10 - 9R:
': 93thers: 6S5 . 66
Se+ured '65B21 $S5 . 11-35H (66;(L 12A0BA2011 11A0BA2014 6(
6C8s 93ption (0B(@0 #34D14
'': 9)eser"ed: 6S5 . 63
Se+ured '65B21 $S5 . 11-10H (66;(L 12A0BA2011 11A0BA2014 6(
6C8s (0B(EB #34D15
93ption '': 6S5 . 64
9;nreser"ed:
Se+ured '65B21 $S5 . 11-00H (66;(L 12A0BA2011 11A0BA2014 6(
6C8s 93ption (0B$(D #34D13
'': 93thers: 6S5 . 6O
nCDs Iv , (#
Se+ured '65B21 $S5 - 9&: 10-25H (66;(L 10A0DA2012 0#A0DA2015 6(
)edeema,le (0B8L1 #34D50
6C8s 6S5 - 6)
9Series ':
Se+ured '65B21 $S5 - 9&: 10-50H (66;(L 10A0DA2012 0#A0DA201B 6(
)edeema,le (0B87# #34D51
6C8s 6S5 - 6S
9Series '':
Coupon
Codes Duration +ut and
Securit* in Stoc- Coupon and Interest Date o. Call
Description ISIn &!c2nge- (3) p.. +a*a0le allotment Maturit* Dates option
Se+ured
)edeema,le
6C8s
9Series ''':
'65B21
(0B86B
$S5 -
#34D52
6S5 - 6T
6( 6( 10A0DA2012 0#A0DA2015 6-(-
Se+ured
)edeema,le
6C8s
9Series '<:
'65B21
(0B835
$S5 -
#34D53
6S5 - 6;
6( 6( 10A0DA2012 0#A0DA201B 6-(-
nCDs v, 7ul* (#3
Se+ured
6C8s
9Series ':
'65B21
(0BF;B
$S5 .
#34DD
6S5 . 6<
9K: #-5H (66;(L 01A0DA2013 01A0DA201
9Sin+e 31A0BA201
falls on Sunday*
hen+e payment %ill ,e
made on ne1t %or&ing
date 01A0DA201:-
6(
Se+ured '65B21 $S5 . 9T: #-D0H (66;(L 01A0DA2013 31A0BA201B 950H of 6(
6C8s (0BF<5 #34DDB the Fa+e <alue of the
9Series '': 6S5 . 6/ 6C8s paya,le at the
end of the 4D months
from 8ate of
(llotment: and
31A0BA201D 9)emaining
50H of the Fa+e <alue
of the 6C8s paya,le
at the end of the 0
months from 8ate of
(llotment:
Se+ured '65B21 $S5 . 9U: #-40H 736T?L@ 01A0DA2013 31A0BA201D 6(
6C8s (0BF/3 #34DDD
9Series ''': 6S5 . 6S
Se+ured '65B21 $S5 . 6( 6( 01A0DA2013 01A0DA201 9Sin+e 6(
6C8s (0BFS1 #34DD# 31A0BA201 falls
9Series '<: 6S5 . 6@ on Sunday* hen+e
payment %ill ,e made
on ne1t %or&ing date
01A0DA201:-
Se+ured 65B21 $S5 . 6( 6( 01A0DA2013 31A0BA201B 950H of 6(
6C8s (0BF@# #34D#0 the Fa+e <alue of the
9Series <: 6S5 . 6E 6C8s paya,le at the
end of the 4D months
from 8ate of (llotment:
and 31A0BA201D
9)emaining 50H of
the Fa+e <alue of the
6C8s paya,le at the
end of the 0 months
from 8ate of
(llotment:
Coupon
Codes Duration +ut and
Securit* in Stoc- Coupon and Interest Date o. Call
Description ISIn &!c2nge- (3) p.. +a*a0le allotment Maturit* Dates option
nCDs vI , octo0er (#3
Se+ured
6C8s
9Series ':
Se+ured
6C8s
9Series '':
Se+ured
6C8s
9Series ''':
'65B21
(0B>)1
'65B21
(0B>S#
'65B21
(0B>TB
$S5 .
#34#15
6S5 . @1
$S5 .
#34#1
6S5 . @2
$S5 .
#34#1B
6S5 . @3
9&&:
10-B5H
9UU:
10-B5H
9QQ:
10-B5H
(66;(L 24A10A2013 24A10A201 6(
(66;(L 24A10A2013 24A10A201D 6(
(66;(L 24A10A2013 24A10A2020 6(
Se+ured
6C8s
9Series '<:
Se+ured
6C8s
9Series <:
Se+ured
6C8s
9Series <':
note5
'65B21
(0B>;5
'65B21
(0B><3
'65B21
(0B>/1
$S5 .
#34#1D
6S5 . @4
$S5 .
#34#1#
6S5 . @5
$S5 .
#34#20
6S5 . @
6( 6( 24A10A2013 24A10A201 6(
6( 6( 24A10A2013 24A10A201D 6(
6( 6( 24A10A2013 24A10A2020 6(
1- 9P: - Senior CitiGens 9First (llottee: shall ,e entitled to an additional interest at the rate of 0-25 H per annum-
2- 9Q: -4ut A Call option from 02-Fune-2015
3- 6ot (ppli+a,leC 6(
4- 9R: - 51er+ise of 4ut A Call option from Fuly 12* 2015-
5- 9&: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 0-#0H per annum for
6C8s held on any )e+ord 8ate-
- 9K: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 1-25H per annum for
6C8s held on any )e+ord 8ate-
B- 9T: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 1-35H per annum for
6C8s held on any )e+ord 8ate-
D- 9U: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 1-23H per annum for
6C8s held on any )e+ord 8ate-
#- 9&&: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 0-50H per annum for
6C8s held on any )e+ord 8ate-
10- 9UU: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 0-B5H per annum for
6C8s held on any )e+ord 8ate-
11- 9QQ: . 6C8 ?olders %ho are 'ndi"iduals shall ,e eligi,le for the additional in+enti"e on +oupon T 1-00H per annum for
6C8s held on any )e+ord 8ate-
4ursuant to Se+tion 205( and 205C and other appli+a,le pro"isions* if any* of the Companies (+t* 1#5* all un+laimedAunpaid
di)idends p to financia! "ear N &005'0 9Final 8i"idend:* 200-0B 9'nterim 8i"idend:* ha"e ,een transferred to the 'n"estor
5du+ation and 4rote+tion Fund esta,lished ,y the Central >o"ernment- 6o +laim shall lie against the said Fund or the Company
for the amounts so transferred nor shall any payment to ,e made in respe+t of su+h +laim- 7em,ers %ho ha"e not yet en+ashed
their di)idend *arrant(s) for the financia! "ears fro% N &006'07 (Interi% Bi)idend) are re;ested to %a,e their c!ai%s *ithot an"
delay to the Company!s )egistrar and Share Transfer (gents* 'ntegrated 5nterprises 9'ndia: Limited-
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
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gEnEraL SharEhoLDEr In.orMaTIon
g. Stoc- Mar-et Data
The hi+h and !o* %ar,et price and )o!%e of shares traded drin+ each %onth of the financia! "ear ended 9arch /1# &014#
are gi"en ,elo% C
7onths
$S5 Limited 6ational Sto+& 51+hange of 'ndia Ltd-
Share 4ri+es
<olume
Share 4ri+es
<olume ?igh 9)s-: Lo% 9)s-: ?igh 9)s-: Lo% 9)s-:
(pril 2013 B51-#0 40-00 1#15D# B52-50 3D-10 1210#3#4
7ay 2013 D41-D0 B23-00 244524 D42-B0 B25-B5 14B23#2#
Fune 2013 D1#-30 35-05 45441B D25-00 34-10 104BBD
Fuly 2013 B24-0 11-00 45D00# B24-45 10-25 11410#D
(ugust 2013 5#-#5 45-20 2#11B 55-00 44-10 10204432
Septem,er 2013 4-00 4#0-50 54151 4D-0 4#0-10 D4#3
3+to,er 2013 24-50 545-B5 43401 24-D0 545-00 D##4433
6o"em,er 2013 4D-50 544-20 35B02 50-00 543-40 5D##32
8e+em,er 2013 B05-00 5D4-00 31#143 D1-00 5D1-B0 B30DD00
Fanuary 2014 D0-05 5#-00 3D0240 D0-00 5#4-15 54#323
Fe,ruary 2014 31-D0 550-00 2#14D3 32-00 54D-B0 B435403
7ar+h 2014 BB5-50 5B-00 #B000 BB#-0 5-00 1542D22
2. .T)4 .2re Price performnce in compri-on to B.& .en-e! n+ .0P 4%5 %ift67
.T)4 .2re Price t B.& n+ B.& .en-e!
050-00
#50-00
D50-00
B50-00
50-00
550-00
450-00
350-00
250-00
150-00
50-00
0-00
STFC Share 4ri+e at $S5
$S5 Sense1
(nnual )eport 2013-14
35
)543)T 36
C3)43)(T5 g3<5)6(6C5 9Contd-:
3
Shriram Transport Finan+e Company Limited
%o. of .2re2ol+er- 8 o. Shareholders %o. of .2re- 2el+ 8 o. Shareholding
1 - 500 3340# D2-2D 4#25## 2-1B
501 - 1000 4410 10-D 32D5D03 1-45
1001 - 2000 1414 3-4D 200522 0-DD
2001 - 3000 41B 1-03 103#302 0-4
3001 - 4000 141 0-35 502BB# 0-22
4001 - 5000 13B 0-34 2D4# 0-2D
5001 - 10000 204 0-5 14#02D 0-
10001 and a,o"e 4B0 1-1 21300324 #3-DD
4002 100-00 22DD2B3 100-00
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ST.C Share +rice at nSE and Cn4 nI.T*
#50-00
D50-00
B50-00
50-00
550-00
450-00
350-00
250-00
150-00
50
B000-00
500-00
000-00
5500-00
5000-00
4500-00
4000-00
3500-00
3000-00
STFC Share 4ri+e at 6S5 C6S 6ifty
i. (egi-trr n+ .2re Trn-fer $gent-
The )egistrar and Share Transfer (gents of the Company areC
'ntegrated 5nterprises 9'ndia: Limited
2nd Floor* =en+es To%ers* 6o- 1* )ama&rishna Street* 6orth ;sman )oad* T 6agar* Chennai - 00 01B
4hC 044 - 2D14 0D01 - 03 Fa1 noC 044 . 2D1424B#
5mailC +orpser"Tintegratedindia-in
/e,site C%%%-integratedindia-in
8. .2re Trn-fer .6-tem
The authority to appro"e share transfers has ,een delegated ,y the $oard of 8ire+tors to the Share Transfer Committee-
)eLuests re+ei"ed for transfer of shares are attended to on+e in a %ee&-
k. ,i-tri9ution of -2re2ol+ing - on /rc2 31, 2014
%o. of &:uit6 -2re-
Total
l. Categories o. shareholders as on March 3#! (#&
Category of
Shareholders
6o- of
Shares held
H of
shareholding
4romoters and
4romoter >roup
5#10312 2-05
7utual FundsA ;T' 234D32 1-04
Finan+ial 'nstitutions
A $an&s
13#D0 0-01
Foreign 'nstitutional
'n"estors
111044##1 4D-#4
La!ified 3orei+n
'n"estor
112B3#33 4-#B
$odies Corporate 25B0#413 11-33
'ndi"iduals 155D245 -DB
6)'VS A 3C$Vs A
Foreign 6ational
35#23 0-1
Trusts 41B5D2 0-1D
Clearing 7em,ers #201D 0-40
Limited Lia,ility
partnership
105313 0-05
grand Total $%%"3$ 100.00
m. Demateriali9ation o. shares and li/uidit*
The Company!s s+rip forms part of the +ompulsory
8emat segment for all in"estors effe+ti"e from Fuly 24*
2000- To fa+ilitate the in"estors in ha"ing an easy
a++ess to the demat system* the Company has signed
up %ith ,oth 6ational Se+urities 8epository Limited
96S8L: and Central 8epository Ser"i+es 9'ndia: Limited
9C8SL:- The +onne+ti"ity has ,een esta,lished
through 'ntegrated
5nterprises 9'ndia: Limited- (s on 7ar+h 31* 2014* the
total of 220BB22#2 eLuity shares +onstituting #B-31Hof
the paid up +apital* ha"e ,een dematerialiGed-
n. The Company has not issued any >8)sA(8)s*
%arrants or other instruments %hi+h are pending for
+on"ersion-
o. $++re-- for corre-pon+ence 0 (egi-tere+ 1ffice7
(egi-tere+ 1ffice7
7oo&am,i&a Comple1* 3rd Floor*
6o-4* Lady 8esi&a )oad* 7ylapore*
Chennai . 00 004* Tamil 6adu* 'ndia-
Tel-C #1-44-24##035* Fa1C #1-44-24##32B2
;e+ 1ffice7
/o+&hardt To%ers* Le"el-3*
/est /ing* C-2* >-$lo+&* $andra-=urla Comple1*
$andra - 95ast:* 7um,ai - 400 051-
4honeC #1-22 - 40#5#5#5*
Fa1C #1-22 - 40#5#5#A#B* /e,siteC %%%-stf+-in
4orporte *+entifiction %o. (4*%)7 L51#1T61#B#4LC00BDB4
Email ID .or Investor grievance5
The follo%ing email '8 has ,een designated for +ommu-
ni+ating in"estors! grie"an+es- -ecretril<-tfc.in
p. =oction-
List of $ranches are %entioned in the D7r :eachE
Se+tion of the (nnual )eport-
For details pursuant to Clause 4# '< 9>: 9': of the Listing
(greeent in respe+t of 8ire+tors See&ing appointment A re-
appointment* please refer to the anne1ure to the noti+e of
35th (nnual >eneral 7eeting already sent to you separately-
CEo6C.o CErTI.ICaTIon
/e* to the ,est of our &no%ledge and ,elief* +ertify that-
a. Ke ha)e re)ie*ed financia! state%ents and the cash f!o* state%ents for the "ear ended 9arch /1#&014 and that to the $est
of our &no%ledge and ,eliefJ
i- These statements do not +ontain any materially untrue statement or omit any material fa+t or +ontain statements that might
,e misleading-
ii- These statements together present a true and fair "ie% of the Company!s affairs and are in +omplian+e %ith e1isting
a++ounting standards* appli+a,le la%s and regulations-
,- There are to the ,est of our &no%ledge and ,elief* no transa+tions entered into ,y the Company during the year %hi+h are
fraudulent* illegal or "iolati"e of the Company!s +ode of +ondu+t-
c. Ke accept responsi$i!it" for esta$!ishin+ and %aintainin+ interna! contro!s for financia! reportin+ and that *e ha)e e)a!ated
the effecti)eness of interna! contro! s"ste%s of the Co%pan" pertainin+ to financia! reportin+ and *e ha)e disc!osed to the
<ditors and the <dit Co%%ittee# deficiencies in the desi+n or operation of sch interna! contro!s# if an"# of *hich *e are
a*are and the steps *e ha)e ta,en or propose to ta,e to rectif" these deficiencies.
d- /e ha"e dis+losed* ,ased on our e"aluation %here"er appli+a,le to the (uditors and the (udit Committee thatJ
i. There *ere no %ateria! deficiencies in interna! contro!s o)er financia! reportin+ drin+ the "ear6
ii. <!! the si+nificant chan+es in accontin+ po!icies drin+ the "ear# if an"# ha)e $een disc!osed in the notes to the financia!
statementJ and
iii. There *ere no instances of si+nificant frad of *hich *e are $eco%e a*are and the in)o!)e%ent therein# of the
%ana+e%ent or an e%p!o"ee ha)in+ a si+nificant ro!e in the Co%pan"@s interna! contro! s"ste% o)er financia! reportin+.
uMESh rEvan1ar
7anaging 8ire+tor
+arag SharMa
7um,ai Eecu!ive "irec!or # C$%
(pril 2#* 2014
DECLaraTIon rEgarDIng CoM+LIanCE B* BoarD MEMBErS anD SEnIor ManagEMEnT +ErSonnEL )ITh
ThE CoM+an*3S CoDE o.
ConDuCT
The $oard of 8ire+tors of Shriram Transport Finan+e Company Limited at its 7eeting held on Fanuary 2#* 2005 adopted Code
of Condu+t as amended on 3+to,er 2B* 2010 to ,e follo%ed ,y all 7em,ers of the $oard and Senior 7anagement 4ersonnel of
the Company respe+ti"ely in +omplian+e %ith the re"ised Clause 4# of the Listing (greement %ith the Sto+& 51+hanges %here
the shares of the Company are listed-
(s pro"ided under Clause 4# of the Listing (greement e1e+uted %ith the Sto+& 51+hanges* all $oard 7em,ers and Senior
9ana+e%ent Personne! ha)e affir%ed Co%p!iance *ith the Code of Condct for the "ear ended 9arch /1# &014.
uMESh rEvan1ar
7anaging 8ire+tor
7um,ai
(pril 2#* 2014
(u8'T3)S!
C5)T'F'C(T5
CErTI.ICaTE on Cor+oraTE govErnanCE
To
The 7em,ers of Shriram Transport Finan+e Company Limited*
Ke >.:.2at!i$oi J Co. LLP (D>:2E) and A.B.<pte J Co. (DAB<E) ha)e .oint!" e(a%ined the co%p!iance of
+onditions of Corporate >o"ernan+e ,y Shriram Transport Finan+e Company Limited 90the Company!:* for
the year ended on 7ar+h 31* 2014* as stipulated in Clause 4# of the Listing (greement of the said
Company %ith sto+& e1+hange9s:-
The Complian+e of +onditions of Corporate >o"ernan+e is the responsi,ility of the management- 3ur
e1amination %as limited to pro+edures and implementation thereof* adopted ,y the Company for ensuring
the +omplian+e of the +onditions of Corporate >o"ernan+e- 't is neither an audit nor an e1pression of
opinion on the financia! state%ents of the Co%pan".
'n our opinion and to the ,est of our information and a++ording to the e1planations gi"en to us* %e +ertify
that the Company has +omplied %ith the +onditions of Corporate >o"ernan+e as stipulated in the a,o"e
mentioned Listing (greement-
/e further state that su+h +omplian+e is neither an assuran+e as to the future "ia,ility of the Company nor
the efficienc" or effecti)eness *ith *hich the %ana+e%ent has condcted the affairs of the Co%pan".
For ..(. Btli9oi 0 4o. ==P For >. ,. $pte 0 4o.
Char!ered Accoun!an!s Char!ered Accoun!an!s
'C(' Firm )egistration 6um,erC 3010035 'C(' Firm )egistration 6um,erC 100515/
per ?iren ;. /e2t $me6 ,. Tm9ekr
&ar!ner &ar!ner
7em,ership 6um,erC 04DB4# 7em,ership 6um,erC 12D355
4la+e of SignatureC 7um,ai
8ateC (pril 2#* 2014
40
Shriram Transport Finan+e Company Limited
C36T56TS
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41
(nnual )eport 2013-14
S5CT'36 (
gEnEraL In.orMaTIon
1- Corporate Identification N%$erM L65191TN1979PLC007874
&. Na%e of the Co%pan" M >hrira% Transport 3inance Co%pan" Li%ited (Dthe Co%pan"E)
/. :e+istered 7fficeM 9oo,a%$i,a Co%p!e(# /rd 3!oor# No. 4# Lad" Besi,a :oad# 9"!apore# Chennai# Ta%i! Nad N 600004.
Tel 6oC I#1 44 24## 035 Fa1C I#1 44 24## 32B2
4- /e,siteC %%%-stf+-in
5- 5mail-idC "i"e&madhu&ar-aTstf+-in
- Finan+ial @ear reportedC 2013-14
7. >ector(s) that the Co%pan" is en+a+ed in (indstria! acti)it" code'*ise) M7r Co%pan" ho!ds a certificate of re+istration
dated Septem,er 4* 2000 ,earing registration no- (-0B-0045# issued ,y the )eser"e $an& of 'ndia to +arry on the a+ti"ities
of a Non'2an,in+ 3inancia! Co%pan" in the cate+or" of asset financin+ co%pan" nder section 45 I< of the :2I <ct# 19/4#
%hi+h has ,een rene%ed on (pril 1B* 200B* 9,earing registration no- 0B-0045#:-
D- List three &ey produ+tsAser"i+es that the Company manufa+turesApro"ides 9as in ,alan+e sheet: C3ur Company %as
esta$!ished in 1979 and *e ha)e a !on+ trac, record of o)er three decades in the co%%ercia! )ehic!e financin+ indstr" in
India. Ke are the !ar+est Indian asset financin+ Non'2an,in+ 3inance Co%pan" (N23C)# *ith a pri%ar" focs on financin+
pre-o%ned +ommer+ial "ehi+les-
#- Total num,er of lo+ations %here ,usiness a+ti"ity is underta&en ,y the Company
i- 6um,er of 'nternational Lo+ations - 6il
ii- 6um,er of 6ational Lo+ations - 54 $ran+hes
10. 9ar,ets ser)ed $" the Co%pan")M The Co%pan" is a !eader in or+ani-ed financin+ of pre'o*ned trc,s *ith presence across
'ndia-
S5CT'36 $
.InanCIaL DETaILS o. ThE CoM+an*
9)s- 'n la&hs:
.r. %o +articulars amount
1- 4aid up Capital 22*#0-B
2- Total Turno"er BDD*D25-#1
3- Tota! profit after ta(es 12*420-BB
4- Tota! spendin+ on Corporate >ocia! :esponsi$i!it" (C>:) as percenta+e of profit after ta( (4) 0-4DH
5- =i-t of $cti'itie- in w2ic2 e!pen+iture in 9o'e point 4 2- 9een incurre+ 7
1- 4ro"iding 5du+ation to the ,a+&%ardA%ea&er se+tion of the so+iety and enhan+ing litera+y
&. 1%po*er%ent of co%%on %an (D<a%<ad%iE) and *o%en
3- 4ro"iding <o+ational training for in+ome generation and enhan+ing employa,ility of marginaliGed Aunpri"ileged
people of the so+iety
4- ;nderta&ing pro2e+ts for prote+tion of en"ironment-
5- 6utrition* ?ealth +are and sanitation programs
.r.%o +articulars Details
1 8'6 6um,er 9if appli+a,le: 6ot (ppli+a,le
2 6ame 7r- <inay =el&ar
3 8esignation 8eputy 7anaging 8ire+tor
4 Telephone num,er #1-022-40#5 #5#5
5 e-mail id se+reterialTstf+-in
S5CT'36 C
oThEr DETaILS
our .ollo)ing su0sidiaries have participated in the Business responsi0ilit*(Br) initiatives o. ST.C5
1. .2rirm &:uipment )innce 4ompn6 =imite+, (@.&)4=A)7
>13CL *as incorporated prsant to a certificate of incorporation dated Bece%$er 15# &009 issed $" the :e+istrar of
Co%panies# Chennai# Ta%i! Nad# and ha)in+ its re+istered office sitated at 9oo,a%$i,a Co%p!e(# /rd 3!oor# No. 4# Lad"
8esi&a )oad* 7ylapore* Chennai* Tamil 6adu* 'ndia - 00004- S5FCL is engaged in the ,usiness of pro"iding eLuipment
finance in connection *ith $oth ne* and pre'o*ned constrction and other e;ip%ent. >13CL has recei)ed a certificate of
registration dated 3+to,er D* 2010* to +arry on the ,usiness of a 6$FC 9%ithout a++epting pu,li+ deposits: from the
)eser"e $an& of 'ndia-
2. .2rirm $utomll *n+i =imite+, (@.$*=A)7
><IL *as incorporated prsant to a certificate of incorporation dated 3e$rar" 11# &010 issed $" the :e+istrar of
Co%panies# Chennai# Ta%i! Nad and ha)in+ its re+istered office sitated at 9oo,a%$i,a Co%p!e(# /rd 3!oor# No. 4# Lad"
8esi&a )oad* 7ylapore* Chennai* Tamil 6adu* 'ndia . 00004- S('L is engaged in for pro"iding fa+ilitation ser"i+es to the
sellers and ,uyers %ho %ish to dispose of A ,uy pre-o%ned +ommer+ial "ehi+les* eLuipment and assets at hu,s +alled
D<to%a!!E de)e!oped $" ><IL.
S5CT'36 8
BuSInESS rES+onSIBILIT* In.orMaTIon
1. Details o. Director6Directors responsi0le .or Br
. Details o. the Director6Directors responsi0le .or implementation o. the Br polic*6policies
.r.%o name Designation DIn num0er
1- 7r- ;mesh )e"an&ar 7anaging 8ire+tor 001411D#
9. Details o. the Br head
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 8 9Contd-:
BuSInESS rES+onSIBILIT* In.orMaTIon
2. +rinciple,)ise (as per nvgs) Br +olic*6policies (repl* in *6n)
.r.%o /uestions + # + + 3 + & + 5 + $ + " + % + '
1 8o you ha"e a poli+yApoli+ies for- @ @ @ @ @ @ @ @ @
2 ?as the poli+y ,eing formulated
in +onsultation %ith the rele"ant
sta&eholdersW
@ 6 @ 6 6 @ 6 6 6
3 8oes the poli+y +onform to any national
Ainternational standardsW 'f yes* spe+ifyW
950 %ords:
@ @ @ @ @ @ @ @ @
4 ?as the poli+y ,eing appro"ed ,y the
$oardW 's yes* has it ,een signed ,y
78Ao%nerAC53Aappropriate $oard
8ire+torW
@ @ @ @ @ @ @ @ @
5 Boes the co%pan" ha)e a specified
co%%ittee of the 2oardG BirectorG7fficia!
to o"ersee the implementation of the
poli+yW
@ @ @ @ @ @ @ @ @
'ndi+ate the lin& for the poli+y to ,e
"ie%ed onlineW
U U U U U U U U U
B ?as the poli+y ,een formally
+ommuni+ated to all rele"ant internal
and e1ternal sta&eholdersW
@ @ @ @ @ @ @ @ @
D 8oes the +ompany ha"e in-house
stru+ture to implement the poli+yA
poli+ies-
@ @ @ @ @ @ @ @ @
# 8oes the Company ha"e a grie"an+e
redressal me+hanism related to the
poli+yApoli+ies to address sta&eholders!
grie"an+es related to the poli+yA
poli+iesW
@ @ @ @ @ @ 6 @ @
10 ?as the +ompany +arried out
independent auditAe"aluation of the
%or&ing of this poli+y ,y an internal or
e1ternal agen+yW
6 6 6 6 6 6 6 6 6
U The Lin& of the 4oli+y is httpCAAstf+-inApdfA$usiness-)esponsi,ility-4oli+y-pdf
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 8 9Contd-:
BuSInESS rES+onSIBILIT* In.orMaTIon
. *f n-wer to ..%o. 1 gin-t n6 principle, i- B%oC, ple-e e!plin w267 (Tick up to 2 option-)
.r.%o /uestions + # + + 3 + & + 5 + $ + " + % + '
1 The +ompany has not understood
the 4rin+iples
--- --- --- --- --- --- --- --- ---
2 The +ompany is not at a stage *here
it finds itse!f in a position to formulate
and implement the poli+ies on
specified princip!es
--- --- --- --- --- --- --- --- ---
3 The +ompany does not ha"e
financia! or %anpo*er resorces
a"aila,le for the tas&
--- --- --- --- --- --- --- --- ---
4 't is planned to ,e done %ithin ne1t
months
--- --- --- --- --- --- --- --- ---
5 't is planned to ,e done %ithin the
ne1t 1 year
--- --- --- --- --- --- --- --- ---
(ny other reason 9please spe+ify: --- --- --- --- --- --- --- --- ---
governance related to Br
= The 2: perfor%ance *as re)ie*ed t*o ti%es $" the 2siness :esponsi$i!it" Co%%ittee.
= The Co%pan" *i!! p$!ish the 2siness :esponsi$i!it" (2:) :eport anna!!" as per the re;ire%ents of the Listin+
(greement entered into %ith Sto+& 51+hanges-The hyperlin& for "ie%ing this is 2ttp7DD-tfc.inDp+fDBu-ine--E
(e-pon-i9ilit6EPolic6.p+f
S5CT'36 5
+rInCI+LE,)ISE +Er.orManCE
EThICS o. ThE CoM+an*
+rInCI+LE #5 Business should conduct and govern themselves )ith Ethics! Transparenc* and accounta0ilit*5
/e ha"e de"eloped good go"ernan+e stru+ture for our organiGation and formulated pro+edures and pra+ti+es that ensure
ethi+al +ondu+t at all le"els of the organiGation- /e +ontinuously re"ie% and upgrade the pro+edures and pra+ti+es- /e maintain
transparen+y in our +ommuni+ation %ith our shareholders-
(i) Code o. Conduct .or Directors! Senior Management +ersonnel and emplo*ees
The +omplian+e %ith the +ode of +ondu+t is regularly reported and monitored-
(ii) Strong Corporate governance
The Company!s philosophy on Corporate >o"ernan+e* inter alia* is aimed at enhan+ing long term shareholder "alue*
a+hie"ing transparen+y and professionalism in all de+isions and a+ti"ities of the Company and a+hie"ing e1+ellen+e in
+orporate go"ernan+e-
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
/e ha"e deployed the pra+ti+e of separating the roles of the Chairman of the $oard and the C53 to ensure the right fo+us
to go"ernan+e- The $oard is headed ,y a non-e1e+uti"e Chairman- The day to day management of the affairs of the
Company is entrusted %ith the senior management personnel* headed ,y the 7anaging 8ire+tor* %ho fun+tions under the
o"erall super"ision* dire+tion and +ontrol of the $oard of dire+tors of our Company-
Ke ha)e a distinct ad)anta+e that %ost of or senior %ana+e%ent tea% ha)e $een *ith s for %ore than fifteen "ears
and ha)e +ro*n *ith the Co%pan". 7)er the "ears the" ha)e %astered the techni;es in a!! fie!ds of $siness operations#
in)estor and csto%er re!ations.Ke ha)e !anched inno)ati)e financia! prodcts and fnd raisin+ %ethods. Ke ta,e care
of a!! or sta,eho!ders. This has res!ted in or en.o"in+ the faith and confidence of or in)estors# csto%ers and other
sta&eholders and ,uilding long term relationships* reputation and good%ill of the Company-
(part from +omplian+e %ith mandatory reLuirements of +lause 4# of the Listing (greement %ith sto+& e1+hanges relating to
+orporate go"ernan+e* %e ha"e also +omplied %ith non-mandatory reLuirement ,y setting up a )emuneration*
Compensation and No%ination Co%%ittee of three independent directors. 7r independent directors ha)e the
re;isite ;a!ification and e1perien+e %hi+h ena,les them to +ontri,ute effe+ti"ely in their +apa+ity of independent dire+tor-
The )emuneration Compensation and 6omination +ommittee has framed poli+y for remuneration of e1e+uti"e dire+tor- The
Chairman of the )emuneration* Compensation and 6omination Committee attended the last annual general meeting- /e
ha"e /histle ,lo%er poli+y in pla+e-
/e do not engage in any pra+ti+e that isa,usi"e* +orrupt or anti-+ompetition- /e ha"e a"oided +ompli+ity %ith a+tions of
third party that "iolates $usiness )esponsi,ility 4rin+iples-
ConTrIBuTIon To SuSTaInaBILIT*
+rInCI+LE 5 Businesses should provide goods and services that are sa.e and contri0ute to sustaina0ilit* throughout
their li.e c*cle
The Co%pan" is en+a+ed in the $siness of financin+ of co%%ercia! )ehic!es. 7r csto%ers are pri%ari!" >%a!! :oad Transport
3perators 9S)T3s: generally ,elonging to the %ea&er se+tions of the so+iety- 3ur ser"i+es help generating opportunities of
se!f'e%p!o"%ent and se!f'respect to >:T7s *ho are often denied financia! spport $" or+ani-ed !endin+ instittions and *ho
other*ise *o!d $e s$.ected to e(p!oitation fro% nor+ani-ed %one" !enders. In the process of financin+ of pre'o*ned )ehic!es#
*e chec, athori-ation Gcertificates for safet"#fitness and e%ission of the )ehic!e.7r )arios initiati)es are ai%ed at inf!encin+
our +ustomers for +reating a%areness a,out en"ironment prote+tion* redu+ing impa+t of emissions from on-road "ehi+les on the
en"ironment- /e ma&e appeal to our +ustomers for timely maintenan+e of the "ehi+les- /e gi"e loans to them for repla+ement
of tyres and engine parts-
Ke pro)ide financia! spport to dri)er@s trainin+ schoo! rn in co!!a$oration *ith an NA7 . The dri)in+ schoo! i%parts trainin+ for
safe dri"ing of hea"y +ommer+ial "ehi+les to youths from rural areas-
EM+Lo*EES )ELL,BEIng
+rInCI+LE 3 5 Business should promote )ell0eing o. emplo*ees
/e ha"e large employee ,ase- /e ,elie"e that our employees are our most "alua,le asset and greatest strength- /e pro"ide
eLual opportunity to all employees starting from their re+ruitment irrespe+ti"e of their +aste* +reed* gender* ra+e* religion*
language*disa,ility or se1ual orientation- 3ur employees ,elong to all parts of the +ountry and are sele+ted ,ased on indi"idual
merit %ithout any dis+rimination or preferen+e-/e +ontinue to en+ourage the +apa,le female employees rea+hing senior
positions and parti+ipating in the organiGation!s de+ision ma&ing pro+ess-
Ke are one of the first N23Cs !anchin+ 1%p!o"ees >toc, 7ptions (1>7P) >che%e in the "ear &005 and %an" e%p!o"ees pto
the $ranch %ana+er !e)e! *ere $enefitted. Ke ha)e !anched sche%e to address hea!th and *e!fare needs of or e%p!o"ees
and their families- /e ha"e tied up %ith Thyro+are for +ondu+ting "arious medi+al +he+&-up of employees and mem,ers of their
fa%i!ies at s$sidi-ed rate. Lar+e n%$er of e%p!o"ees and their fa%i!ies a)ai!ed $enefits of the sche%e.
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
/e ha"e s+hemes to re%ard ,est performers ,y payment of in+enti"es- The permanent employees are entitled to retirement
$enefits sch as pro)ident fnd# +ratit". Ke a!so pro)ide for %edica! rei%$rse%ent# hospita!i-ation# persona! accident insrance
$enefits to per%anent e%p!o"ees.
/e foster a +ulture that %el+omes ideas and feed,a+&* and en+ourages open +ommuni+ation %e periodi+ally re"ie% and
upgrade our employee %elfare poli+ies ta&ing into a++ount su+h feed,a+&-
The 7anagement 5du+ation S+heme has ,een designed to 51+el the 5mployees in the area of 7anagement- 't deli"ers the
rapid uplift of managerial s&ills* through e1posure to the full range of su,2e+t areas- The program is spe+ially designed for the
5mployees of Shriram to strengthen the area of their +urrent spe+ialiGation along %ith a +omprehensi"e "ie% of other fun+tions
of management- The program +ontents %ill help indi"iduals to de"elop a strong understanding of 7anagement Con+epts for
pra+ti+al appli+ations-
The program pro"ides managerial +on+epts %hi+h are dire+tly related to fun+tioning %ithin an organiGation* thus enhan+ing
reLuisite +ompeten+ies to ,e an effe+ti"e manager- The program aims to de"elop the 5mployees in a general manager!s
perspe+ti"e* and inc!cate the ha$it of e(p!orin+ and ref!ectin+ on app!"in+ !earnin+ in the conte(t of *or,. 199 e%p!o"ees *ere
participated for 9ana+e%ent 1dcation >che%e for the financia! "ear ended &01/'14.
/e +ontinued to arrangement of +ri+&et tournament at 6a"i 7um,ai for employees and re%arded the ,est performers-
'n order to ensure healthy %or&ing +onditions* to pre"ent se1ual harassment of %omen employees* %e ha"e +onstituted 'nternal
Complaint )edressal Committee at "arious %or&pla+es-
.ttu- of 4omplint- E .e!ul ;r--ment of Fomen +uring t2e finncil 6er 2013E14
.r. %o +articulars no o. Cases
1 6o- of +omplaints of Se1ual ?arassment re+ei"ed in the year 6il
2 6o- of +omplaints disposed off during the year 6(
3 6um,er of +ases pending for more than #0 days 6il
4 6o- of %or&shops or a%areness program against Se1ual ?arassment +arried out 2
5 nature o. action ta-en 0* the emplo*er as a0ove
STa1EhoLDErS EngagEMEnT
+rInCI+LE &5 Businesses should respect the interests o.! and 0e responsive to)ards all sta-eholders! especiall*
those )ho are disadvantaged! vulnera0le and marginali9ed
3ur sta&eholders ,roadly +onsist of our +ustomers* in"estors* mar&et intermediaries* lenders* employees* so+iety et+- 3ur
+ustomers are primarily Small )oad Transport 3perators9S)T3: and First Time ;sers 9FT;s:-3ur 'n"estors +omprise of
shareho!ders (inc!din+ Instittiona! In)estors) and Be$entre ho!ders. 7r !enders co%prise of $an,s# financia! instittions# 3i(ed
8eposit holders-
<s an asset finance co%pan"# or !i;idit" and on+oin+ profita$i!it" are# in !ar+e part# dependent pon or ti%e!" raisin+ of capita!
and the +osts asso+iated there%ith- 3ur funding reLuirements histori+ally ha"e ,een met from a +om,ination of term loans from
$an,s and financia! instittions# issance of :edee%a$!e Non'Con)erti$!e Be$entres# p$!ic deposits# the isse of co%%ercia!
paper* as %ell as through se+uritiGation and assignment of our loan portfolio- 3ur ,usiness depends and %ill +ontinue to depend
on or a$i!it" to access di)ersified fndin+ sorces.
/e ha"e a tra+& re+ord of getting o"er%helming response from in"estors to our past si1 4u,li+ 'ssue of )edeema,le 6on-
Con"erti,le 8e,entures- The $ase issues %ere o"er-su,s+ri,ed in a short span despite tough ma+ro-e+onomi+ and mar&et
conditions# ref!ectin+ the in)estors@ confidence .
7r operationa! efficienc"# inte+rit" and a stron+ focs on caterin+ to the needs of H<a% <ad%i@(co%%on %an) are the )a!es
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
dri"ing the Company- These "alues are deep-rooted %ithin the organiGation and ha"e ,een strongly adhered to o"er the
de+ades- It is this +idin+ phi!osoph" of pttin+ H<a%<ad%i@ first that has ,rought us +loser to the grassroots* and made it the
preferred choice for a!! the trc, financin+ re;ire%ents a%on+st +ustomers-
1. 1ur 4u-tomer-
3ur primary ,usiness in"ol"es lending money for pur+hase of +ommer+ial "ehi+les in 'ndia-3ur +ustomer portfolio
prin+ipally consists of >%a!! :oad Transport 7perators(>:T7) and 3irst Ti%e ?sers (3T?s).< si+nificant %a.orit" of or
csto%er $ase ,elongs to the lo% in+ome group often not ha"ing any +redit history supported ,y do+uments on %hi+h many
of organiGed financia! instittions re!". Co*e)er# thro+h or credit e)a!ation techni;es# interna!!"'de)e!oped )a!ation
%ethodo!o+" %hi+h reLuires deep &no%ledge and pra+ti+al e1perien+e de"eloped o"er a period of time* relationship ,ased
approa+h and e1tensi"e ,ran+h net%or& %e ha"e made our ,usiness model uniLue and sustaina,le-
/e ha"e in pla+e Fair 4ra+ti+e Code for dealing %ith our +ustomers- 3ur poli+y is to treat all +ustomers in fair manner* our
employees are trained to pro"ide* assist* en+ourage* fair and eLuita,le ser"i+es to the +ustomers-
3ur entire re+o"ery and +olle+tion operation is administered in-house and %e do not outsour+e loan re+o"ery and +olle+tion
operations- /e ha"e relationship ,ased re+o"ery pro+edures %ell-suited to our target mar&et in the +ommer+ial "ehi+le
financin+ indstr". Ke ha)e hi+h !oan reco)er" ratios co%pared to others in the financia! ser)ices indstr".
2. 1ur *n'e-tor-
3ur philosophy is to enhan+e long term shareholders "alue- /e ha"e tra+& re+ord of payment of 'nterim and Final di"idend
for past se"eral years +onsistently-
3ur good tra+& re+ord has ena,led us to o,tain high +redit ratings from the reputed Credit )ating 'nstitutions- This ena,les
smooth raising of funds from in"estors- /e offer "ariety of options to our in"estors to su,s+ri,e "arious series of
redeema,le non-+on"erti,le de,entures* se+ured and unse+ured* of different maturities and interest pay-out dates
pro"iding good return and safety- /e ma&e timely payment of interest and repayment of de,t instrument on their maturity-
/e ha"e appointed a senior e1e+uti"e at <i+e 4resident!s le"el to fo+us on our 'nstitutional in"estors- /e regularly hold
In)estors %eets and +i)e presentation on financia! res!ts of the Co%pan" after sa%e are %ade p$!ic.The 3orei+n
Instittiona! 'n"estors hold a,out 4#H of our eLuity share +apital-
3. 1ur ,epo-it 2ol+er- n+ len+er-
/e +ontinued to ser"i+e our Fi1ed 8eposit holders on time and offer good rate of returns- /e are regular in payment of
interest and repayment of +redit fa+ilities a"ailed from $an&s and Finan+ial 'nstitutions- 'n "ie% of our good tra+& re+ord
of ti%e!" pa"%ent of interest and repa"%ent of !oans# *e en.o" +ood reptation# +ood*i!! and standin+ in the financia!
mar&ets-
4. 1ur .ociet6
/e dis+harge of Corporate So+ial )esponsi,ility ,y underta&ing pro2e+ts of so+ial %elfare dire+tly as %ell as through
Shriram Foundation- The details of "arious pro2e+ts run in this dire+tion are +ontained in the note for 4rin+iple D of our
$usiness )esponsi,ility )eport-
huMan rIghTS
+rInCI+LE 55 Businesses should respect and promote human rights
(s a good +orporate +itiGen %e respe+t the human rights of those %ho %e engage %ith- /e pay fair %ages to our employees
and do not dis+riminate ,et%een male and female employees- They are treated eLually %ith dignity and are gi"en eLual
opportunities* ri+hts and $enefits. Ke co%p!" and adhere to a!! the h%an ri+hts !a*s and +ide!ines of the Constittion of India#
nationa! !a*s. /e stri"e to per+olate these "alues at all le"els in the organiGation-
(nnual )eport 2013-14
4B
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
4D
Shriram Transport Finan+e Company Limited
S5CT'36 5 9Contd-:
EnvIronMEnT
+rInCI+LE $ 5 Business should respect! protect and ma-e e..orts to restore the environment
/e ha"e 5n"ironment 4oli+y in pla+e- /e +ommit to ,e an en"ironmentally responsi,le and progressi"e +ompany- /e shall do
this ,y .
1- Complying %ith appli+a,le en"ironmental regulations and other reLuirements-
2- 4roa+ti"ely addressing en"ironmental impa+ts* dire+t and indire+t-
3- 4ursuing +ontinual impro"ement of en"ironmental performan+e-
4- Conser"ing natural resour+es and ensuring safe disposal of %aste-
5. Creatin+ a*areness a$ot en)iron%ent protection and %ana+e%ent and acti)e!" inf!encin+ or e%p!o"ees# csto%ers#
+ontra+tors* suppliers and +ommunities to ma&e a positi"e differen+e-
/e are +ontinuously ma&ing appeal to our shareholders to parti+ipate in the 0>reen initiati"e! to redu+e use of paper ,y
+on"erting their holding of physi+al shares into ele+troni+ shareholding ,y dematerialiGation* re+ei"ing soft +opies of annual
reports using internet fa+ilities* re+ei"ing di"idend ,y dire+t +redit to their ,an& a++ounts instead of physi+al di"idend %arrants
et+-
<s a part of Areen initiati)e for paper!ess office# *e se e!ectronic %ethods of co%%nication *ithin and otside or offices and
a"oid use of paper as far as possi,le-
3or pa"%entof Interest# di)idend# %atrit" a%ont of de$entres and fi(ed deposits etc. as far as possi$!e *e se %ethods
of ele+troni+ remittan+es su+h as 65CS* 65FT* )T>S %hi+h also ensures faster +redit of money to the ,an& a++ounts of the
in"estors* a"oids use of paper for di"idend %arrants* interest %arrants* +heLues-
7r o$.ecti)e is to achie)e hi+hest !e)e! of paper!ess office $" adoptin+ practices# %ethods and %odern techni;es in or interna!
and e1ternal +ommuni+ation %ith all sta&eholders-
Ke contined or efforts for conser)ation of *ater# e!ectricit" at or )arios offices# $ranches and *or,p!aces.
In.LuEnCIng +uBLIC : rEguLaTor* +oLICIES
+rInCI+LE 7 7 Bu-ine--, w2en engge+ in influencing pu9lic n+ regultor6 polic6, -2oul+ +o -o in re-pon-i9le
mnner.
Ke are one of the o!dest and the !ar+est Indian asset financin+ Non'2an,in+ 3inancia! Co%pan" (N23C) *ith a pri%ar" focs
on financin+ pre'o*ned co%%ercia! )ehic!es. Ke ta,e p the isses and %atters i%pactin+ or $siness se+%ent and +i)e or
suggestions in respe+t of the proposals of the regulatory and go"ernment ,odies dire+tlyas %ell as through +ham,ers of
+ommer+e in the $est interest of the co%%ercia! )ehic!e financin+ se+%ent of the Indstr"# >%a!! :oad Transport 7perators.
/e hold mem,erships of se"eral industry asso+iations su+h as Finan+e 'ndustry 8e"elopment Coun+il 9F'8C:* Confederation of
'ndian 'ndustries9C'': and Federation of 'ndian Cham,ers of Commer+e and 'ndustry 9F'CC':-
InCLuSIvE gro)Th
+rInCI+LE %5 Business should support inclusive gro)th and e/uita0le development
The princip!e of inc!si)e +ro*th is i%$i$ed in or $siness %ode!. < si+nificant %a.orit" of or csto%er $ase $e!on+ to >%a!!
)oad Transport 3perators 9S)T3: and First Time ;sers 9FT;s: %ho often don!t ha"e any +redit history supported ,y do+uments
on *hich %an" of or+ani-ed financia! instittions re!" %a,in+ it diffic!t for the% to access capita!. Ke pro)ide finance to these
pre'o*ned co%%ercia! )ehic!e operators at fa)ora$!e interest rates and repa"%ent ter%s as co%pared to pri)ate financiers in the
unorganiGed se+tor-
4#
(nnual )eport 2013-14
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
/e ha"e entered into partnership %ith an 6>3 for esta,lishing dri"er training s+hools in the state of Fhar&hand for youths from
rra! area ena$!in+ the% to find +ainf! e%p!o"%ent. Ke ha)e p!ans to start t*o %ore sch trainin+ schoo!s in the $ac,*ard areas
of our +ountry* su,2e+t to re+eipt of ne+essary re+ognition from the state go"ernments of the respe+ti"e states for grant of dri"ing
li+ense-
Ke are prod to $e a part of H>hrira% Arop@# *hich has he!ped enrich the ;a!it" of !ife of Dthe co%%on %anE. >hrira% 3ondation
*as esta$!ished in 199/ as the charita$!e ar% of The >hrira% Arop to *or, for the financia!!" nder pri)i!e+ed sections. <s a part
of or Corporate >ocia! :esponsi$i!it" (C>:)# *e pro)ide financia! spport to )arios pro.ects and acti)ities for *e!fare of societ"
dire+tly as %ell as those underta&en ,y Shriram Foundation as underC
=4? ,ri'ing .c2oolE B>urukulC in G2rk2n+
The dri"ing s+hool lo+ated at Serai-=ela distri+t of Fhar&hand is ,eing set up in +olla,oration %ith >o"ernment of Fhar&hand-
T(T(
40B simulator spe+ially +ustomiGed for the s+hool has ,een pur+hased-
Ke a!so pro)ide financia! spport to )arios C>: pro.ects nderta,en $" >hrira% 3ondation independent!" or in partnerships
*ith NA7s in the fo!!o*in+ fie!dsM
Education
$eing a%are of the fa+t that edu+ation is the &ey to the prosperity of any nation* Shriram Foundation runs s+hools in rural and
semi-rural areas of Tamil 6adu and (ndhra 4radesh- These s+hools ser"e +hildren from under pri"ileged families li"ing in
remote areas-
07i+ro s+hool!is another program to tea+h +hildren aged ,et%een 3 and years- These s+hools pro"ide pre-s+hool edu+ation
to +hildren ,ased on 7ontessori methodology- Li&e other s+hools run ,y Shriram Foundation* mi+ro s+hools are lo+ated in rural
areas %here residents do not ha"e a++ess to good s+hools-
Ci+her edcation thro+h co%%nit" co!!e+e is another si+nificant pro+ra% of >hrira% 3ondation. >hrira%'IAN7? Co%%nit"
Co!!e+es are $ein+ rn in Thirneer%a!ai and <nai,oi! re+ions of Ta%i! Nad to offer Certificate# Bip!o%a and <ssociate Be+ree
program in 2o,-oriented s&ill ,ased +ourses-
Empo)erment
0Shriram Children!s ?ome!has ,een run ,y Shriram Foundation for the past 20 years- The Shriram Children!s ?ome is
re+ogniGed nder the 7rphana+es and Charita$!e Co%es <ct# 1960 and has $een a*arded H3IT IN>TIT?TI7N@ certification
$" the Chi!d /elfare Committee of Chennai 8istri+t- The +hildren at the home are %ell nurtured and +ared for to ensure a normal
+hildhood- The plan for this unit is to fun+tion as a hostel for older girls +ontinuing edu+ation* as %e ha"e su++essfully
reha,ilitated all the small +hildren %ith assistan+e and e1tended family +are-
0Shriram <o+ational training +enter!instru+ts rural %omen on s&ill areas su+h as tailoring* em,roidery* pi+&le ma&ing* handi+rafts
etc. Pri%ar" focs of this initiati)e is *o%en e%po*er%ent as these corses he!p *o%en find e%p!o"%ent *ith co%panies
or setup their o%n small enterprises- The +enter ta&es on pro2e+ts under the /omen /elfare and 8e"elopment s+heme from
the >o"ernment of Tamil 6adu- The +enter has trained o"er 500 %omen o"er the last 2 years- The +enter has ,rought in 2
professional ma+hines to train more %omen and students on tailoring and other te1tile related areas-
vaLuE o.
CuSToMErS
+rInCI+LE ' 5 Business should engage )ith and provide value to their customers and consumers in a responsi0le
manner
Ke are happ" to report that %an" of or csto%ers# *ho initia!!" $e!on+ to !o* inco%e +rop# and approached s for financin+ a
50
Shriram Transport Finan+e Company Limited
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
tempo ha"e made progress and ad"an+ement to no% ,e+ome o%ners of tru+&- The o%ners of tru+& ha"e ad"an+ed to ,e+ome
o%ner of multiple +ommer+ial "ehi+les-
(part from pro"iding loans* %e help our +ustomers %ith the follo%ingC
= >ett!e%ent of Insrance c!ai%s
= :ene*a! of insrance po!ic"
= 7$tainin+ of per%its fro% :T7s
= Tie'p *ith <(is 2an, to pro)ide co'$randed credit cards
= Tie'p *ith ser)ice centers for refr$ishin+ )ehic!es
/e regularly re"ie% our pro+edures* pra+ti+es and methods of +ommuni+ation %ith our +ustomers to ensure that they are
simple and +ustomer friendly- To%ards this end %e ha"e fo+used on upgrading our methods of +ommuni+ation- /e are no%
+ommuni+ating %ith +ustomers through mo,iles to inform them a,out san+tion of loans* re+eipt of 57'* outstanding 57'* loan
$a!ance confir%ations etc %a,in+ infor%ation %ore easi!" accessi$!e.Ke $e!ie)e csto%er satisfaction is the ,e" to or +ro*th
and su++ess in the long term-
BuSInESS rES+onSIBILIT* +araMETEr InDE4
+rinciple,)ise per.ormance
.r.%o /uestions )hether Complied;
+rinciple #
1- 8oes the poli+y relating to ethi+s* ,ri,ery and
+orruption +o"er only the +ompanyW @esA 6o- 8oes
it e1tend to the >roupAFoint <enturesA SuppliersA
Contra+torsA6>3s A3thersW
@es* 't e1tends only to the su,sidiary Companies-
The poli+y has ,een posted on the %e,site of the
Company
2- ?o% many sta&eholder +omplaints ha"e ,een
re+ei"ed in the past financia! "ear and *hat
percenta+e *as satisfa+torily resol"ed ,y the
managementW 'f so* pro"ide details thereof* in a,out
50 %ords or so-
6o +omplaints %ere re+ei"ed regarding ethi+al and
other matters +ontained in this prin+iple
+rinciple
1- List up to 3 of your produ+ts or ser"i+es %hose
design has in+orporated so+ial or en"ironmental
+on+erns* ris&s andAor opportunities-
The Company is not engaged in manufa+ture of any
+oods. It is en+a+ed in the $siness of financin+
of +ommer+ial "ehi+les* primarily to Small )oad
Transport 3perators 9S)T3s:-
2- For ea+h su+h produ+t* pro"ide the follo%ing details in
respe+t of resour+e use 9energy* %ater* ra% material
et+-: per unit of produ+t9optional:C
i- )edu+tion during sour+ingAprodu+tionA distri,ution
a+hie"ed sin+e the pre"ious year throughout the
"alue +hainW
ii- )edu+tion during usage ,y +onsumers 9energy*
%ater: has ,een a+hie"ed sin+e the pre"ious
yearW
6ot (ppli+a,le
51
(nnual )eport 2013-14
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
BuSInESS rES+onSIBILIT* +araMETEr InDE4 (4ont+.)
.r.%o /uestions )hether Complied;
3- 8oes the +ompany ha"e pro+edures in pla+e for
sustaina,le sour+ing 9in+luding transportation:W
i- 'f yes* %hat per+entage of your inputs %as sour+ed
sustaina,lyW (lso* pro"ide details thereof* in a,out
50 %ords or so-
6ot (ppli+a,le
4- ?as the +ompany ta&en any steps to pro+ure goods
and ser"i+es from lo+al & small produ+ers* in+luding
+ommunities surrounding their pla+e of %or&W
'f yes* %hat steps ha"e ,een ta&en to impro"e their
+apa+ity and +apa,ility of lo+al and small "endorsW
The Company pro"ides ser"i+es relating to "ehi+le
financin+ thro+h its $ranches. <s a %atter of
pra+ti+e* %e gi"e preferen+e for re+ruitment of lo+al
people in our ,ran+hes
5- 8oes the +ompany ha"e a me+hanism to re+y+le
produ+ts and %asteW 'f yes %hat is the per+entage of
re+y+ling of produ+ts and %aste 9separately as N5H*
5-10H* M10H:- (lso* pro"ide details thereof* in a,out
50 %ords or so
6ot (ppli+a,le
+rinciple 3
1- 4lease indi+ate the Total num,er of employees- 1D*122
2- 4lease indi+ate the Total num,er of employees hired on
temporaryA+ontra+tualA+asual ,asis-
6'L
3- 4lease indi+ate the 6um,er of permanent %omen
employees-
1004
4- 4lease indi+ate the 6um,er of permanent employees
%ith disa,ilities
32
5- 8o you ha"e an employee asso+iation that is
re+ogniGed ,y management
6o
- /hat per+entage of your permanent employees is
mem,ers of this re+ogniGed employee asso+iationW
6ot (ppli+a,le
B- 4lease indi+ate the 6um,er of +omplaints relating to
+hild la,our* for+ed la,our* in"oluntary la,our* se1ual
harass%ent in the !ast financia! "ear and pendin+# as on
the end of the financia! "ear.
Child la,ourAfor+ed la,ourAin"oluntary la,our
Se1ual harassment
8is+riminatory employment
6'L
D- /hat per+entage of your under mentioned employees
%ere gi"en safety & s&ill up-gradation training in the last
yearW
= Per%anent 1%p!o"ees
= Per%anent Ko%en 1%p!o"ees
= Casa!GTe%porar"GContracta! 1%p!o"ees
= 1%p!o"ees *ith Bisa$i!ities
@es* 0H of employees %ere gi"en safety &
s&ill training programmes in the last year-
52
Shriram Transport Finan+e Company Limited
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
BuSInESS rES+onSIBILIT* +araMETEr InDE4 (4ont+.)
.r.%o /uestions )hether Complied;
+rinciple &
1- ?as the +ompany mapped its internal and e1ternal
sta&eholdersW @esA6o
@es
2- 7t of the a$o)e# has the co%pan" identified the
disad"antaged* "ulnera,le & marginaliGed sta&eholders
@es
3- (re there any spe+ial initiati"es ta&en ,y the +ompany
to engage %ith the disad"antaged* "ulnera,le and
marginaliGed sta&eholders- 'f so* pro"ide details thereof*
in a,out 50 %ords or so-
@es* 4lease refer to the 4rin+iple 4 of the )eport
+rinciple 5
1- 8oes the poli+y of the +ompany on human rights
+o"er only the +ompany or e1tend to the >roupAFoint
<enturesASuppliersAContra+torsA6>3sA3thersW
@es* The poli+y also e1tends to our su,sidiaries-
2- ?o% many sta&eholder +omplaints ha"e ,een re+ei"ed
in the past financia! "ear and *hat percent *as
satisfa+torily resol"ed ,y the managementW
6o +omplaints %ere re+ei"ed for human rights
"iolation during the reporting period
+rinciple $
1- 8oes the poli+y related to 4rin+iple +o"er only the
+ompany or e1tends to the >roupAFoint <enturesA
SuppliersAContra+torsA6>3sAothers-
The poli+y e1tends to Company as %ell as su,sidiaries
2- 8oes the +ompany ha"e strategiesA initiati"es to
address glo,al en"ironmental issues su+h as +limate
+hange* glo,al %arming* et+W @A6- 'f yes* please gi"e
hyperlin& for %e,page et+-
@es* /e ha"e 5n"ironment poli+y in pla+e- /e ha"e
ta,en the +reen initiati)e thro+h paper!ess office# *ater
+onser"ation et+-
3- 8oes the +ompany identify and assess potential
en"ironmental ris&sW @A6
6o
4- 8oes the +ompany ha"e any pro2e+t related to Clean
8e"elopment 7e+hanismW 'f so* pro"ide details thereof*
in a,out 50 %ords or so- (lso* if @es* %hether any
en)iron%enta! co%p!iance report is fi!edO
6o
5- ?as the +ompany underta&en any other initiati"es on .
c!ean techno!o+"# ener+" efficienc"# rene*a$!e ener+"#
et+- @A6- 'f yes* please gi"e hyperlin& for %e, page et+
6o
53
(nnual )eport 2013-14
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
BuSInESS rES+onSIBILIT* +araMETEr InDE4 (4ont+.)
.r.%o /uestions )hether Complied;
- (re the 5missionsA/aste generated ,y the +ompany
%ithin the permissi,le limits gi"en ,y C4C$AS4C$ for
the financia! "ear $ein+ reportedO
/e are not engaged in manufa+ture of any goods-/e
are en+a+ed in the $siness of financin+ of co%%ercia!
"ehi+les* primarily to Small )oad Transport 3perators
9S)T3s:-
B- 6um,er of sho% +auseA legal noti+es re+ei"ed from
C4C$AS4C$ %hi+h are pending 9i-e- not resol"ed to
satisfa+tion: as on end of Finan+ial @ear-
6il
+rinciple "
1- 's your +ompany a mem,er of any trade and +ham,er
or asso+iationW 'f @es* 6ame only those ma2or ones that
your ,usiness deals %ithC
@es- /e are mem,er ofFinan+e 'ndustry 8e"elopment
Coun+il 9F'8C:* Confederation of 'ndian 'ndustries 9C'':
and Federation of 'ndian Cham,ers of Commer+e and
'ndustry 9F'CC':and "arious other stateA+ity le"el
asso+iations-
2- ?a"e you ad"o+atedAlo,,ied through a,o"e asso+iations
for the ad"an+ement or impro"ement of pu,li+ goodW
@esA6oJ if yes spe+ify the ,road areas 9 drop ,o1C
>o"ernan+e and (dministration* 5+onomi+ )eforms*
'n+lusi"e 8e"elopment 4oli+ies* 5nergy se+urity* /ater*
Food Se+urity* Sustaina,le $usiness 4rin+iples* 3thers:
@es
>o"ernan+e & (dministration
+rinciple %
1- Boes the co%pan" ha)e specified pro+ra%%esG
initiati"esApro2e+ts in pursuit of the poli+y related to
4rin+iple DW 'f yes details thereof-
@es* 4lease refer to the 4rin+iple D of the )eport
2- (re the programmesApro2e+ts underta&en through in-
house teamAo%n foundationAe1ternal 6>3Ago"ernment
stru+turesAany other organiGationW
@es* the pro2e+ts are underta&en though +oordination
and +olla,oration ,et%een in-house team* Shriram
Foundation & 6>3s-
3- ?a"e you done any impa+t assessment of your
initiati"eW
6o
4- /hat is your +ompany!s dire+t +ontri,ution to
+ommunity de"elopment pro2e+ts- (mount in '6) and
the details of the pro2e+ts underta&en-
@es* 4lease refer to the Se+tion $ of the )eport
5- ?a"e you ta&en steps to ensure that this +ommunity
de"elopment initiati"e is su++essfully adopted ,y the
+ommunityW 4lease e1plain in 50 %ords* or so
@es* /e a+ti"ely en+ourage parti+ipation of
sta&eholders in "arious programs- This in+ludes ,oth
"olunteering and proa+ti"e parti+ipation-
54
Shriram Transport Finan+e Company Limited
$uS'65SS )5S436S'$'l'T@
)543)T 2013-14 9Contd-:
S5CT'36 5 9Contd-:
BuSInESS rES+onSIBILIT* +araMETEr InDE4 (4ont+.)
.r.%o /uestions )hether Complied;
+rinciple '
1- /hat per+entage of +ustomer +omplaintsA+onsumer
cases are pendin+ as on the end of financia! "ear.
No co%p!aints are pendin+ as on the end of financia!
year-
8oes the +ompany display produ+t information on
the produ+t la,el* o"er and a,o"e %hat is mandated
as per lo+al la%sW @esA6oA6-(- A)emar&s9additional
information:
6ot (ppli+a,le
2- Is there an" case fi!ed $" an" sta,eho!der a+ainst the
+ompany regarding unfair trade pra+ti+es* irresponsi,le
ad"ertising andAor anti-+ompetiti"e ,eha"iour during the
!ast fi)e "ears and pendin+ as on end of financia! "ear. If
so* pro"ide details thereof* in a,out 50 %ords or so-
6o
3- 8id your +ompany +arry out any +onsumer sur"eyA
+onsumer satisfa+tion trendsW
6o
F'6(6C'(l S5CT'36S
Contents
Standalone Finan+ial Se+tion
inde4endent a;dito)!S )e4o)t
5B
$alan+e Sheet 0
Statement oF 4)oFit & loSS 1
+aSh Flo% Statement
2
noteS 4
Shriram Transport Finan+e Company Limited
5B
<nna! :eport &01/'14 STandaLone aCCounTS
inde4endent a;dito)!S )e4o)t
To*
The 7em,ers of
Shriram TranSporT <inanCe Compan* LimiTed
report on the <inancial Statements
Ke ha)e adited the acco%pan"in+ financia! state%ents
of Shriram Transport Finan+e Company Limited 9Xthe
Co%pan"E)# *hich co%prise the 2a!ance >heet as at 9arch
/1# &014# and the >tate%ent of Profit and Loss and Cash
3!o* >tate%ent for the "ear then ended# and a s%%ar"
of si+nificant accontin+ po!icies and other e(p!anator"
information-
management3s responsi0ilit* .or the <inancial
Statements
9ana+e%ent is responsi$!e for the preparation of these
financia! state%ents that +i)e a tre and fair )ie* of the
financia! position# financia! perfor%ance and cash f!o*s
of the Co%pan" in accordance *ith accontin+ princip!es
+enera!!" accepted in India# inc!din+ the <ccontin+
>tandards notified nder the Co%panies <ct# 1956# read *ith
Aenera! Circ!ar 8G&014 dated 4 <pri! &014 issed $" the
9inistr" of Corporate <ffairs. This responsi$i!it" inc!des the
desi+n# i%p!e%entation and %aintenance of interna! contro!
re!e)ant to the preparation and presentation of the financia!
statements that gi"e a true and fair "ie% and are free from
%ateria! %isstate%ent# *hether de to frad or error.
auditor3s responsi0ilit*
7r responsi$i!it" is to e(press an opinion on these financia!
statements ,ased on our audit- /e +ondu+ted our audit in
accordance *ith the >tandards on <ditin+ issed $" the
Institte of Chartered <ccontants of India. Those >tandards
re;ire that *e co%p!" *ith ethica! re;ire%ents and p!an
and perfor% the adit to o$tain reasona$!e assrance a$ot
*hether the financia! state%ents are free fro% %ateria!
misstatement-
<n adit in)o!)es perfor%in+ procedres to o$tain adit
e)idence a$ot the a%onts and disc!osres in the financia!
state%ents. The procedres se!ected depend on the
aditor@s .d+%ent# inc!din+ the assess%ent of the ris,s of
%ateria! %isstate%ent of the financia! state%ents# *hether
de to frad or error. In %a,in+ those ris, assess%ents# the
aditor considers interna! contro! re!e)ant to the Co%pan"@s
preparation and fair presentation of the financia! state%ents
in order to design audit pro+edures that are appropriate in
the circ%stances# $t not for the prpose of e(pressin+
an opinion on the effecti)eness of the Co%pan"@s interna!
contro!. <n adit a!so inc!des e)a!atin+ the appropriateness
of accontin+ po!icies sed and the reasona$!eness of the
accontin+ esti%ates %ade $" %ana+e%ent# as *e!! as
e)a!atin+ the o)era!! presentation of the financia! state%ents.
Ke $e!ie)e that the adit e)idence *e ha)e o$tained is
sfficient and appropriate to pro)ide a $asis for or adit
opinion-
opinion
In or opinion and to the $est of or infor%ation and accordin+
to the e(p!anations +i)en to s# the financia! state%ents +i)e
the infor%ation re;ired $" the Co%panies <ct# 1956 (Dthe
<ctE) in the %anner so re;ired and +i)e a tre and fair )ie* in
confor%it" *ith the accontin+ princip!es +enera!!" accepted
in India.
(a) in the case of the 2a!ance >heet# of the state of affairs
of the Company as at 7ar+h 31* 2014J
($) in the case of the >tate%ent of Profit and Loss# of the
profit for the "ear ended on that date6 and
(c) in the case of the Cash 3!o* >tate%ent# of the cash
f!o*s for the "ear ended on that date.
report on other Legal and regulator* re/uirements
1. <s re;ired $" the Co%panies (<ditor@s :eport) 7rder#
&00/ (Dthe 7rderE) issed $" the Centra! Ao)ern%ent of
India in ter%s of s$'section (4<) of section &&7 of the
<ct# *e +i)e in the <nne(re a state%ent on the %atters
specified in para+raphs 4 and 5 of the 7rder.
&. <s re;ired $" section &&7(/) of the <ct# *e report thatM
(a) Ke ha)e o$tained a!! the infor%ation and
e(p!anations *hich to the $est of or ,no*!ed+e
and $e!ief *ere necessar" for the prpose of or
auditJ
($) In or opinion proper $oo,s of accont as re;ired
$" !a* ha)e $een ,ept $" the Co%pan" so far as
appears fro% or e(a%ination of those $oo,s6
(c) The 2a!ance >heet# >tate%ent of Profit and Loss#
and Cash 3!o* >tate%ent dea!t *ith $" this :eport
are in a+ree%ent *ith the $oo,s of accont6
(d) In or opinion# the 2a!ance >heet# the >tate%ent
of Profit and Loss# and the Cash 3!o* >tate%ent
co%p!" *ith the <ccontin+ >tandards notified
nder the Co%panies <ct# 1956 read *ith Aenera!
Circ!ar 8G&014 dated 4 <pri! &014 issed $" the
9inistr" of Corporate <ffairs6
3n the ,asis of %ritten representations re+ei"ed from the
directors as on 9arch /1# &014# and ta,en on record $" the
2oard of Birectors# none of the directors is dis;a!ified as
on 7ar+h 31* 2014* from ,eing appointed as a dire+tor in
ter%s of c!ase (+) of s$'section (1) of section &74 of the
Co%panies <ct# 1956.
For S=r= Batli0oi : Co= LLp For >= d= apte : Co=
Char!ered Accoun!an!s Char!ered Accoun!an!s
IC<I 3ir% :e+istration N%$erM /0100/1 IC<I 3ir% :e+istration N%$erM 100515K
per ?iren h= mehta ame* d= Tam0e-ar
&ar!ner &ar!ner
9e%$ership N%$erM 048749 9e%$ership N%$erM 1&8/55
P!aceM 9%$ai P!aceM 9%$ai
BateM <pri! &9# &014 BateM <pri! &9# &014
(iii) (a) The Co%pan" has +ranted !oan to one part" co)ered
in the register maintained under se+tion 301 of the
Co%panies <ct# 1956. The %a(i%% a%ont in)o!)ed
drin+ the "ear *as :s. &99.97 !acs and the "ear' end
$a!ance of !oans +ranted to sch parties *as :s. Ni!.
anne1;)e
)eFe))ed to in 4a)ag)a4h 3 oF o;) )e4o)t oF e"en date
re5 Shriram TranSporT <inanCe Compan*
LimiTed (@The Compan*3)
9i: 9a: The Company has maintained proper re+ords
sho%ing f!! partic!ars inc!din+ ;antitati)e detai!s
and sitation of fi(ed assets.
($) 3i(ed assets ha)e $een ph"sica!!" )erified $"
the %ana+e%ent drin+ the "ear and no %ateria!
discrepancies *ere identified on sch )erification.
(c) There *as no disposa! of a s$stantia! part of fi(ed
assets during the year-
(ii) The Co%pan"@s $siness does not in)o!)e in)entories and#
accordin+!"# the re;ire%ents nder para+raph 4(ii) of the
7rder are not app!ica$!e to the Co%pan".
($) In or opinion and accordin+ to the infor%ation and
e(p!anations +i)en to s# the rate of interest and other
ter%s and conditions for sch !oans are not pri%a
facie pre.dicia! to the interest of the Co%pan".
(c) In respect of !oans +ranted# repa"%ent of the principa!
a%ont is as stip!ated and pa"%ent of interest ha)e
$een re+!ar.
(d) There is no o)erde a%ont of !oans +ranted to
co%panies# fir%s or other parties !isted in the re+ister
%aintained nder section /01 of the Co%panies <ct#
1956.
(e) <ccordin+ to infor%ation and e(p!anations +i)en to
s# the Co%pan" has not ta,en an" !oans# secred
or nsecred# fro% co%panies# fir%s or other parties
+o"ered in the register maintained under se+tion 301
of the Co%panies <ct# 1956. <ccordin+!"# the
pro)isions of c!ase 4(iii)(e) to (+) of the 7rder are not
app!ica$!e to the Company and hen+e not
+ommented upon-
(i)) In or opinion and accordin+ to the infor%ation and
e(p!anations +i)en to s# there is an ade;ate interna!
contro! s"ste% co%%ensrate *ith the si-e of the Co%pan"
and the natre of its $siness# for the prchase of fi(ed
assets and for rendering of ser"i+es- The a+ti"ities of the
Co%pan" do not in)o!)e prchase of in)entor" and the
sa!e of +oods. Brin+ the corse of or adit# *e ha)e
not o$ser)ed an" %a.or *ea,ness or continin+ fai!re to
correct an" %a.or *ea,ness in the interna! contro! s"ste%
of the Company in respe+t of these areas-
()) (a) <ccordin+ to the infor%ation and e(p!anations pro)ided
,y the management* %e are of the opinion that the
partic!ars of contracts or arran+e%ents referred to in
section /01 of the <ct that need to $e entered into the
register maintained under se+tion 301 ha"e ,een so
entered-
($) In or opinion and accordin+ to the infor%ation and
e(p!anations +i)en to s# the transactions %ade
in pursuan+e of su+h +ontra+ts or arrangements
e(ceedin+ )a!e of :pees fi)e !a,hs ha)e $een
entered into drin+ the financia! "ear at prices *hich
are reasona$!e ha)in+ re+ard to the pre)ai!in+ %ar,et
price at the re!e)ant ti%e.
()i) In respect of deposits accepted# in or opinion and
accordin+ to the infor%ation and e(p!anations +i)en to s#
directi)es issed $" the :eser)e 2an, of India and the
pro)isions of sections 58<# 58<< or an" other re!e)ant
pro)isions of the <ct and the r!es fra%ed there nder# to
the e(tent app!ica$!e# ha)e $een co%p!ied *ith. Ke are
infor%ed $" the management that no order has ,een
passed ,y the Co%pan" La* 2oard# Nationa! Co%pan"
La* Tri$na! or :eser)e 2an, of India or an" Cort or an"
other Tri$na!.
()ii) In or opinion# the Co%pan" has an interna! adit s"ste%
co%%ensrate *ith the si-e and natre of its $siness.
()iii) To the $est of or ,no*!ed+e and as e(p!ained# the
Co%pan" is not in the $siness of sa!e of an" +oods.
Therefore# in or opinion# the pro)isions of c!ase 4()iii) of
the 7rder are not app!ica$!e to the Co%pan".
(i() (a) The Co%pan" is re+!ar in depositin+ *ith appropriate
athorities ndispted stattor" des inc!din+
pro)ident fnd# e%p!o"ees@ state insrance# in)estor
edcation and protection fnd# inco%e'ta(# *ea!th
ta(# ser)ice ta(# cess and other %ateria! stattor"
des app!ica$!e to it. The pro)isions re!atin+ to sa!es'
ta(#csto%s dt" and e(cise dt" are not app!ica$!e to
the Company-
($) <ccordin+ to the infor%ation and e(p!anations +i)en
to s# no ndispted a%onts pa"a$!e in respect of
pro)ident fnd# e%p!o"ees@ state insrance# in)estor
edcation and protection fnd# inco%e'ta(# *ea!th
ta(# ser)ice ta(# cess and other %ateria! ndispted
statutory dues %ere outstanding* at the year end* for
a period of %ore than si( %onths fro% the date the"
$eca%e pa"a$!e. The pro)isions re!atin+ to sa!es'ta(*
csto%s dt" and e(cise dt" are not app!ica$!e to the
Company
(c) <ccordin+ to the records of the Co%pan"# the des
otstandin+ of inco%e'ta(# sa!es'ta(# *ea!th'ta(#
ser)ice ta(# csto%s dt"# e(cise dt" and cess on
accont of an" dispte# are as fo!!o*sM
5#
<nna! :eport &01/'14 STandaLone aCCounTS
anne1;)e
)eFe))ed to in 4a)ag)a4h 3 oF o;) )e4o)t oF e"en date 9+ontd-:
name o.
the statute nature o. dues
amount
(rs in lacs)
*ears to )hich the
amount relates
<orum )here dispute
is pending
Inco%e Ta( <ct# 1961 Inco%e Ta( de%ands 5#989.41 <.F. &011'1& CIT (<ppea!s)
Inco%e Ta( <ct# 1961 Inco%e Ta( de%ands &&#/5&.68 <.F. &010'11 CIT (<ppea!s)
Inco%e Ta( <ct# 1961 Inco%e Ta( de%ands 14#77/.77 <.F. &008'09 CIT (<ppea!s)
Inco%e Ta( <ct# 1961 Inco%e Ta( de%ands 9#56&.97 <.F. &007'08 CIT (<ppea!s)
3inance <ct# 1994
(>er)ice Ta()
>er)ice ta( on hire
prchase and !ease
transa+tions
&1#&/0.18 <.F. &00/'04
to &009'10
C1>T<T (Csto%# 1(cise and
>er)ice ta( appe!!ate tri$na!)
3inance <ct# 1994
(>er)ice Ta()
>er)ice Ta( de%ands 300P <.F. &00/'04 J &004'05 Co%%issioner of Centra! 1(cise
and Customs
9aharashtra 0a!e
<dded Ta(
0a!e <dded Ta( 1#84/ <.F. &006'07 9aharshtra >a!es Ta( Tri$na!
<ndhra Pradesh 0a!e
<dded Ta(
0a!e <dded Ta( /48.41P <.F. &005'06 to
&008'09
<ndhra Pradesh Ci+h Cort
:a.asthan 0a!e <dded
Ta(
0a!e <dded Ta( 116./7P <.F. &006'07 to
&01&'1/
Bept" Co%%issioner appea!s#
:a.asthan
7rissa 0a!e <dded Ta( 0a!e <dded Ta( 9.04P <.F. &008'09
to &01&'1/
<ssistant Co%%issioner of
co%%ercia! ta( (<ppea!s)
P' net of a%ont paid nder protest.
(() The Co%pan" has no acc%!ated !osses at the end of
the financia! year and it has not incrred cash !osses in
the crrent and i%%ediate!" precedin+ financia! "ear.
((i) 2ased on or adit procedres and as per the infor%ation
and e(p!anations +i)en $" the %ana+e%ent# *e are of the
opinion that the Co%pan" has not defa!ted in repa"%ent
of des to a financia! instittion# $an, or de$entre
ho!ders.
((ii) 2ased on or e(a%ination of doc%ents and records#
%e are of the opinion that the Company has maintained
ade;ate records *here the Co%pan" has +ranted !oans
and ad)ances on the $asis of secrit" $" *a" of p!ed+e of
shares* de,entures and other se+urities-
((iii) In or opinion# the Co%pan" is not a chit fnd or a nidhi
G %ta! $enefit fnd G societ". Therefore# the pro)isions
of c!ase 4((iii) of the 7rder# are not app!ica$!e to the
Company-
((i)) In respect of dea!in+Gtradin+ in shares# secrities#
de,entures and other in"estments* in our opinion and
accordin+ to the infor%ation and e(p!anations +i)en to s#
proper re+ords ha"e ,een maintained of the transa+tions
and contracts and ti%e!" entries ha)e $een %ade therein.
The shares* se+urities* de,entures and other in"estments
ha)e $een he!d $" the Co%pan"# in its o*n na%e.
(()) <ccordin+ to the infor%ation and e(p!anations +i)en to
s# the Co%pan" has +i)en +arantee for !oans ta,en $"
others fro% $an, or financia! instittions# the ter%s and
conditions *hereof in or opinion are not pri%a'facie
pre.dicia! to the interest of the Co%pan".
(()i) To the $est of or ,no*!ed+e and $e!ief and accordin+ to
the infor%ation and e(p!anations +i)en to s# in or opinion#
ter% !oans a)ai!ed $" the Co%pan" *ere app!ied $" the
Company during the year for the purposes for %hi+h the
!oans *ere o$tained other than fnds te%porari!" in)ested
pendin+ ti!i-ation of the fnds for the intended se.
(()ii) <ccordin+ to the infor%ation and e(p!anations +i)en to s
and on an o)era!! e(a%ination of the $a!ance sheet of the
Co%pan"# *e report that no fnds raised on short'ter%
$asis ha)e $een sed for !on+'ter% in)est%ent.
(()iii) The Co%pan" has not %ade an" preferentia! a!!ot%ent
of shares to parties or +ompanies +o"ered in the register
%aintained nder section /01 of the <ct.
((i() <ccordin+ to the infor%ation and e(p!anations +i)en to
us* during the period +o"ered ,y our audit report* the
Co%pan" has issed &600# /0#656 and 17#455#801
secred non con)erti$!e de$entres of :s. /0#00#000#
:s.10#00#000 and :s. 1000 each respecti)e!". The
Company has +reated se+urity or +harge in respe+t of
de,entures issued-
((() Ke ha)e )erified that the end se of %one" raised $"
p$!ic isses is as disc!osed in the notes to the financia!
statements-
(((i) 2ased pon the adit procedres perfor%ed for the
prpose of reportin+ the tre and fair )ie* of the financia!
state%ents and as per the infor%ation and e(p!anations
gi"en ,y the management* %e report that no fraud on or
,y the Company has ,een noti+ed or reported during the
year-
For S=r= Batli0oi : Co= LLp For >= d= apte : Co=
Char!ered Accoun!an!s Char!ered Accoun!an!s
IC<I 3ir% :e+istration N%$erM /0100/1 IC<I 3ir% :e+istration N%$erM 100515K
per ?iren h= mehta ame* d= Tam0e-ar
&ar!ner &ar!ner
9e%$ership N%$erM 048749 9e%$ership N%$erM 1&8/55
P!aceM 9%$ai P!aceM 9%$ai
BateM <pri! &9# &014 BateM <pri! &9# &014
$alan+e Sheet
aS at ma)+h 31* 2014
(:s. in !acs)
particulars
i= eAuiT* and LiaBiLiTieS
(#) ShareholdersB .unds
9a: >hare capita!
9,: :eser)es and srp!s
() non,current lia0ilities
9a: Lon+'ter% $orro*in+s
9,: 7ther Lon+'ter% !ia$i!ities
9+: Lon+'ter% pro)isions
(3) Current lia0ilities
9a: >hort'ter% $orro*in+s
9,: Trade pa"a$!es
9+: 7ther crrent !ia$i!ities
9d: >hort'ter% pro)isions
Total
ii= aSSeTS
(#) non,current assets
9a: 3i(ed assets
(i) Tan+i$!e assets
(ii) Intan+i$!e assets
9,: Non'crrent in)est%ents
9+: Beferred ta( assets (net)
9d: Lon+'ter% !oans and ad)ances
9e: 7ther non'crrent assets
() Current assets
9a: Current in"estments
9,: Cash and $an, $a!ances
9+: >hort'ter% !oans and ad)ances
9d: 3ther +urrent assets
Total
note
no
as at
march 3#! (#&
as at
march 3#! (#3
3 &&#690.67 &&#688.79
& 804#6/1.06 696#785.17
%"!3#="3 "#'!&"3='$
5 &#&71#&08.89 1#905#/04.86
$ 98#698.95 1&9#764.0/
" 1&7#174.08 11/#468.54
!&'"!(%#=' !#&%!53"=&3
% &98#589.79 414#686.94
44#59&.08 58#/44.76
$ 1#&&5#6&8.6/ 1#076#19/.5/
" &9#/55.70 &8#544.89
#!5'%!#$$=( #!5""!""(=#
&!'!5$'=%5 &!&&5!"%#=5#
'
9#901.78 5#8&6.70
164.49 178.56
#( 68#779.99 59#&/1.50
## &5#116.&/ &8#/8&.80
# &#&09#907.78 1#948#/5/.68
#3 9#44&.50 17#015./6
!33!3#="" !(5%!'%%=$(
#& &0/#746.// &97#659.6/
#5 708#597.76 6/1#9/&.90
# 1#678#91&./& 1#449#484.&9
#3 8#000.67 7#716.09
!5''!5"=(% !3%$!"'='#
&!'!5$'=%5 &!&&5!"%#=5#
>i+nificant <ccontin+ Po!icies =#
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= 3or and on $eha!f of the 2oard of Birectors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
3or and on $eha!f of the 2oard of Birectors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
1
<nna! :eport &01/'14 STandaLone aCCounTS
*ear ended
march 3#! (#&
inCome
:e)ene fro% operations
3ther in+ome
Total
eCpendiTure
1%p!o"ee $enefit e(penses
Finan+e +ost
8epre+iation and amortisation
7ther e(penses
Pro)isions J *rite offs
Total
Profit 9efore t!tion
Pro'i-ion for t!tion
Crrent ta(
Beferred ta(
Totl t! e!pen-e D (income)
Profit fter t! from opertion-
earnings per share
2asic (:s.)
Bi!ted (:s.)
No%ina! )a!e of e;it" share (:s.)
#$ 788#009.70 655#81/.4&
#" 816.&1 545.57
"%%!%5='# $5$!35%=''
#% 40#885.97 /8#890.&0
#' /9/#&51.86 &87#555./4
' &#91/.79 1#8//.09
( 54#090./4 41#/76.66
# 114#879.69 85#084.59
$($!(#=$5 &5&!"3'=%%
#%!%(&=$ (#!$#'=##
5/#116.9& 7&#&7&.40
## /#&66.57 (6#715./0)
5$!3%3=&' $5!55"=#(
#$!&(="" #3$!($=(#

55.7& 59.98
55.7& 59.98
10-00 10-00
>i+nificant <ccontin+ Po!icies =#
Statement oF 4)oFit & loSS
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
particulars
note
no
*ear ended
march 3#! (#3
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
a= CaSh <Lo) <rom operaTin> aCTi?iTieS
Profit $efore ta(es 18&#804.&6 &01#619.11
8epre+iation and amortisation &#91/.79 1#8//.09
Loss G (profit) on sa!e of fi(ed assets (net) (/08.&1) 47.11
Pro)ision for di%intion in )a!e of in)est%ents 16.81 (178.66)
1%p!o"ees >toc, option co%pensation cost 0.90 (86.69)
4remium on >o"ernment Se+urities 10.49 0.80
<%ortisation of Biscont on Ao)ern%ent >ecrities (91.77) (74.8&)
<%ortisation of Isse e(penses for e;it" shares 15&.78 15&.78
<%ortisation of P$!ic isse e(penses for non con)erti$!e de$entres 1#467.06 1#578.01
Pro)ision for credit !oss on secritisation ' 17#617.4/
4ro"isions for non performing assets and ,ad de,t %ritten off 11/#601.45 65#/69.78
4ro"isions for standard assets 1#&61.4/ &#&76.04
4ro"ision for gratuity (1#715.11) /95./1
Pro)ision for !ea)e encash%ent 19/.79 185.86
1perting profit 9efore working cpitl c2nge- 3((!3("=$" '(!"35=#5
movements in )or-ing capital5
Increase G (decrease) in trade pa"a$!es (1/#75&.68) 10#780.44
Increase G (decrease) in pro)isions (19#/0&.54) (/5#178.94)
Increase G (decrease) in pro)ision for ser)ice ta(' contested 15.81 &6./6
Increase G (decrease) in other !ia$i!ities (1&1#6&5.68) (&9#/&4.44)
(Increase) G decrease in in)est%ents 84#/&6.95 41#549.05
(Increase) G decrease in in)est%ents in associates 100-00 9100-00:
(Increase) G decrease in in)est%ents in s$sidiaries 0-01 90-01:
Becrease G (increase) in !oans and ad)ances (567#056.49) (861#9/6.16)
BecreaseG(increase) in $an, deposits
(ha)in+ ori+ina! %atrit" of %ore than three %onths)(net) 15#450.96 (4/#78&.8/)
Becrease G (increase) in other assets &7/.4& 140-01
Cash generated .rom operations (3#!$=5") ($"!('#=3")
Birect ta(es paid (net of refnds) (56#581.90) (7/#&54.81)
%et c-2 flow u-e+ in operting cti'itie- ($) (3""!%&&=&") ("((!3&$=#%)
CaSh <Lo)S <rom in?eSTin> aCTi?iTieS
Prchase of fi(ed inc!din+ intan+i$!e assets (7#180.19) (4#&06.05)
Proceeds fro% sa!e of fi(ed assets 515.91 9/.79
net cash used in investing activities (B) ($!$$&=%) (&!##=$)
+aSh Flo% Statement
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
B=
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
3or and on $eha!f of the 2oard of Birectors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
3
<nna! :eport &01/'14 STandaLone aCCounTS
+aSh Flo% Statement
Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
particulars march 3#! (#3 march 3#! (#
C= CaSh <Lo)S <rom <inanCin> aCTi?iTieS
Proceeds fro% issance of e;it" share capita! 1.88 6.&5
>ecrities pre%i% on isse of e;it" capita! 4.70 15.6&
<%ont recei)ed fro% instittiona! $orro*in+ 1#758#710.00 1#99&#665.00
<%ont recei)ed fro% P$!ic isse of non con)erti$!e de$entres 1&/#589.04 60#000.00
Increase G (decrease) in :etai! $orro*in+s 1&7#&15.4& 84#04&.75
<%ont redee%ed for P$!ic isse of non con)erti$!e de$entres (&7#1&0.05) (46#9&/.16)
:epa"%ent of instittiona! $orro*in+ (1#49&#591.85) (1#/01#445.&7)
P$!ic isse e(penses for non con)erti$!e de$entres paid (&#448.01) (1#/16.96)
8i"idend paid (15#881.04) (15#877.71)
Ta( on di)idend (&#698.57) (&#575./5)
%et c-2 from finncing cti'itie- (4) &$%!"%#=5 "$%!5'#=#"
%et incre-e D (+ecre-e) in c-2 n+ c-2 e:ui'lent- ($ H B H 4) 84#&7&.77 64#1/&.7/
Cash and Cash e/uivalents at the 0eginning o. the *ear 446#994.11 /8&#746.78
Cash and Ban- 0alances ta-en over on merger ' 114.60
Cash and Cash e/uivalents at the end o. the *ear 53#!$$=%% &&$!''&=##
Components o. Cash and Cash e/uivalents
CaSh and CaSh eAui?aLenTS aT The end o< The *ear
i: Cash on hand 1/#587.88 9#478.19
ii: CheLues on hand 1#976.67 4#997.&8
iii: Ca!! 9one" (C2L7) 69#88&.5/ '
i": 2a!ances *ith sched!ed $an,s inM
Current a++ounts 184#449.84 /74#/5&.4&
;npaid di"idend a++ounts P 77/.96 6&9.&&
Beposits *ith or+ina! %atrit" of !ess than three %onths &60#596.00 57#5/7.00
ToTaL CaSh and CaSh eAui?aLenTS (noTe #5) 53#!$$=%% &&$!''&=##
>i+nificant <ccontin+ Po!icies (Note &.1)
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
notesM
1) The a$o)e cash f!o* state%ent ha)e $een prepared nder the indirect %ethod set ot in <ccontin+ >tandard (<>)'/# HCash 3!o*
>tate%ent@ notified nder the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri! 04#
&014# issed $" the 9inistr" of Corporate <ffairs.
&) <!! fi+res in $rac,ets indicate otf!o*.
/) Birect Ta( paid is treated as arisin+ fro% operatin+ acti)ities and are not $ifrcated $et*een in)est%ent and financin+ acti)ities.
4) Brin+ the "ear ended 9arch /1# &01/# >hrira% Co!din+s (9adras) Pri)ate Li%ited (>C9PL) a%a!+a%ated *ith the Co%pan"
sin+ DPrchase %ethodE as defined nder <>'14 <ccontin+ for <%a!+a%ations notified nder Co%panies (<>) :!es# &006
(as a%ended). <ssets and !ia$i!ities ta,en o)er of >C9PL *ere sett!ed for a net consideration of :s. &79#487#4&5. The said net
consideration *as sett!ed in the for% of 500#868 e;it" shares of :s. 10G' each. The Co%pan" has a!!otted the said shares on
No)e%$er 05# &01&. Betai!s of Net <ssets ta,en o)er has $een disc!osed nder Note // to the financia! state%ents. The said net
assets inc!de cash and $an, $a!ances a%ontin+ to :s. &00G' and :s. 11#460#048G' respecti)e!". The said $a!ances *as ta,en
o)er on No)e%$er 05# &01&.
P5) These $a!ances are not a)ai!a$!e for se $" the Co%pan" as the" represent correspondin+ npaid di)idend !ia$i!it".
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
4
Shriram Transport Finan+e Company Limited
#= CorporaTe in<ormaTion
Shriram Transport 3inance Co%pan" Li%ited (the Co%pan") is a p$!ic co%pan" do%ici!ed in India and incorporated nder
the pro)isions of the co%panies <ct# 1956. Its shares are !isted on 2o%$a" >toc, 1(chan+e and Nationa! >toc, 1(chan+e.
The co%pan" pro)ides finance for co%%ercia! )ehic!es# constrction e;ip%ents and other !oans.
= BaSiS o< preparaTion
The financia! state%ents ha)e $een prepared in confor%it" *ith +enera!!" accepted accontin+ princip!es to co%p!" in a!!
%ateria! respects *ith the notified <ccontin+ >tandards (H<>@) nder pro)isions of the Co%panies <ct# 1956 (Hthe <ct@) read
*ith Aenera! Circ!ar 8G&014 dated <pri! 04# &014 # issed $" the 9inistr" of Corporate <ffairs and the +ide!ines issed $"
the :eser)e 2an, of India (H:2I@) as app!ica$!e to a Non 2an,in+ 3inance Co%pan" (HN23C@). The financia! state%ents ha)e
$een prepared nder the historica! cost con)ention on an accra! $asis. The accontin+ po!icies ha)e $een consistent!"
app!ied $" the co%pan" and are consistent *ith those sed in the pre)ios "ear. The co%p!ete financia! state%ents ha)e
$een prepared a!on+ *ith a!! disc!osres.
=#= .ignificnt $ccounting Policie-
a= 4urrent D %onEcurrent cl--ifiction of --et- D li9ilitie-
The Co%pan" has c!assified a!! its assets G !ia$i!ities into crrent G non'crrent portion $ased on the ti%e fra%e of 1&
%onths fro% the date of financia! state%ents. <ccordin+!"# assetsG!ia$i!ities e(pected to $e rea!ised Gsett!ed *ithin
1& %onths fro% the date of financia! state%ents are c!assified as crrent and other assetsG !ia$i!ities are c!assified
as non'crrent.
0= use o. estimates
The preparation of financia! state%ents in confor%it" *ith +enera!!" accepted accontin+ princip!es re;ires
%ana+e%ent to %a,e esti%ates and ass%ptions that affect the reported a%onts of assets and !ia$i!ities and
disc!osre of contin+ent !ia$i!ities at the date of the financia! state%ents and the res!ts of operations drin+ the
reportin+ "ear end. <!tho+h these esti%ates are $ased pon %ana+e%ent@s $est ,no*!ed+e of crrent e)ents
and actions# acta! res!ts co!d differ fro% these esti%ates. <n" re)isions to the accontin+ esti%ates are
reco+nised prospecti)e!" in the crrent and ftre "ears.
c=
)i!e+ --et-, +eprecitionDmorti-tion n+ impirment
Tngi9le fi!e+ --et-
3i(ed assets are stated at cost !ess acc%!ated depreciation and i%pair%ent !osses# if an". Cost co%prises
the prchase price and an" attri$ta$!e cost of $rin+in+ the asset to its *or,in+ condition for its intended se.
2orro*in+ costs re!atin+ to ac;isition of fi(ed assets *hich ta,es s$stantia! period of ti%e to +et read" for its
intended se are a!so inc!ded to the e(tent the" re!ate to the period ti!! sch assets are read" to $e pt to se.
,eprecition on tngi9le fi!e+ --et-
Bepreciation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
!i)es of the respecti)e fi(ed assets and are +reater than or e;a! to the correspondin+ rates prescri$ed in >ched!e
QI0 of the <ct.
particulars rates (SLm) Schedule Ci? rates (SLm)
P!ant and e;ip%ent 10H 4.754
3rnitre and fi(tres 10H 6.//4
7ffice e;ip%ents 10H 4.754
2i!din+s 1.6/4 1.6/4
Computers 20H 16.&14
0ehic!es 20H 9.504
Leaseho!d i%pro)e%ent is a%ortised on >L9 o)er the !ease ter% s$.ect to a %a(i%% of 60 %onths.
<!! fi(ed assets indi)ida!!" costin+ :s. 5#000G' or !ess are f!!" depreciated in the "ear of insta!!ation.
Bepreciation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and !oss ti!! the date of ac;isitionGsa!e.
5
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
intangi0le assets
Intan+i$!e assets are stated at cost !ess acc%!ated a%ortisation and i%pair%ent !osses# if an". Cost co%prises
the prchase price and an" attri$ta$!e cost of $rin+in+ the asset to its *or,in+ condition for its intended se.
<%ortisation pro)ided on strai+ht !ine %ethod (>L9)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef! !ife of
the intan+i$!e asset.
particulars rates (SLm)
Computer soft%are 33-33H
<%ortisation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and !oss ti!! the date of ac;isitionGsa!e.
impairment o. assets
The carr"in+ a%ont of assets is re)ie*ed at each $a!ance sheet date if there is an" indication of i%pair%ent $ased
on interna!Ge(terna! factors. <n i%pair%ent !oss is reco+nised *here)er the carr"in+ a%ont of an asset e(ceeds
its reco)era$!e a%ont. The reco)era$!e a%ont is the +reater of the assets# net se!!in+ price and )a!e in se.
In assessin+ )a!e in se# the esti%ated ftre cash f!o*s are disconted to their present )a!e sin+ a pre'ta(
discont rate that ref!ects crrent %ar,et assess%ents of the ti%e )a!e of %one" and ris,s specific to the asset.
<fter i%pair%ent# depreciation is pro)ided on the re)ised carr"in+ a%ont of the asset o)er its re%ainin+ sef!
!ife.
< pre)ios!" reco+nised i%pair%ent !oss is increased or re)ersed dependin+ on chan+es in circ%stances.
Co*e)er# the carr"in+ )a!e after re)ersa! is not increased $e"ond the carr"in+ )a!e that *o!d ha)e pre)ai!ed $"
char+in+ sa! depreciation if there *as no i%pair%ent. The re)ersa! of i%pair%ent is reco+nised in state%ent of
profit and !oss accont# n!ess the sa%e is carried at re)a!ed a%ont and treated as re)a!ation reser)e.
d= investments
In)est%ents intended to $e he!d for not %ore than a "ear are c!assified as crrent in)est%ents. <!! other in)est%ents
are c!assified as !on+'ter% in)est%ents. Crrent in)est%ents are carried at !o*er of cost and fair )a!e deter%ined
on an indi)ida! in)est%ent $asis. Lon+'ter% in)est%ents are carried at cost. Co*e)er# pro)ision for di%intion in
)a!e is %ade to reco+nise a dec!ine# other than te%porar"# in the )a!e of the in)est%ents.
e= Pro'i-ioning D FriteEoff of --et-
Non perfor%in+ !oans are *ritten off G pro)ided for# as per %ana+e%ent esti%ates# s$.ect to the %ini%% pro)ision
re;ired as per Non' 2an,in+ 3inancia! (Beposit acceptin+ or ho!din+) Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# &007. Be!in;encies on assets secritisedGassi+ned are pro)ided for $ased on %ana+e%ent
esti%ates of the historica! data.
Pro)ision on standard assets is %ade as per the notification BN2>.PB.CC.No.&07G 0/.0&.00& G&010'11 issed $"
:eser)e 2an, of India.
.= Loans
Loans are stated at the a%ont ad)anced inc!din+ finance char+es accred and e(penses reco)era$!e# p to the
$a!ance sheet date as redced $" the a%onts recei)ed and !oans secritised.
g= Leases
)here the Compan* is the lessor
<ssets +i)en on operatin+ !eases are inc!ded in fi(ed assets. Lease inco%e is reco+nised in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%. Costs# inc!din+ depreciation are reco+nised as an
e(pense in the state%ent of profit and !oss. Initia! direct costs sch as !e+a! costs# $ro,era+e costs# etc. are
reco+nised i%%ediate!" in the state%ent of profit and !oss.
)here the Compan* is the lessee
Leases *here the !essor effecti)e!" retains s$stantia!!" a!! the ris,s and $enefits of o*nership of the !eased ite%s#
are c!assified as operatin+ !eases. 7peratin+ !ease pa"%ents are reco+nised as an e(pense in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%.
h= <orei>n CurrenC* TranSLaTion
initial recognition
Transactions in forei+n crrenc" entered into drin+ the "ear are recorded at the e(chan+e rates pre)ai!in+ on the
date of the transa+tion-

Shriram Transport Finan+e Company Limited


0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
Conversion
9onetar" assets and !ia$i!ities deno%inated in forei+n crrenc" are trans!ated in to rpees at e(chan+e rate
pre)ai!in+ on the date of the $a!ance sheet.
&!c2nge +ifference-
<!! e(chan+e differences are dea!t *ith inc!din+ differences arisin+ on trans!ation sett!e%ent of %onetar" ite%s in
the state%ent of profit and !oss.
)orwr+ e!c2nge contrct- entere+ into to 2e+ge foreign currenc6 ri-k of n e!i-ting --etDli9ilit6
The pre%i% or discont arisin+ at the inception of for*ard e(chan+e contract is a%ortised and reco+nised
as an e(penseGinco%e o)er the !ife of the contract. 1(chan+e differences on sch contracts are reco+nised in
the state%ent of profit and !oss in the period in *hich the e(chan+e rates chan+e. <n" profit or !oss arisin+
on cance!!ation or rene*a! of sch for*ard e(chan+e contract is a!so reco+nised as inco%e or e(pense for the
period-
i= revenue recognition
:e)ene is reco+nised to the e(tent that it is pro$a$!e that the econo%ic $enefits *i!! f!o* to the Co%pan" and the
re)ene can $e re!ia$!" %easred.
i. Inco%e fro% financin+ acti)ities is reco+nised on the $asis of interna! rate of retrn on ti%e proportion $asis.
Inco%e fro% other char+es are $oo,ed at the co%%ence%ent of the contract. >er)ice ta( on char+esGfees is
co!!ected $" the Co%pan" as an inter%ediar" and accordin+!" re)ene is presented on net $asis.
ii. Inco%e reco+nised and re%ainin+ nrea!ised after insta!!%ents $eco%e o)erde for si( %onths or %ore
in case of secredGnsecred !oans are re)ersed and are acconted as inco%e *hen these are acta!!"
rea!ised.
iii. <dditiona! finance char+es G additiona! interest are treated to accre on!" on rea!isation# de to ncertaint" of
rea!isation and are acconted accordin+!".
i). Inco%e apportioned on secritisationGdirect assi+n%ent of !oan recei)a$!es arisin+ nder pre%i% strctre
is reco+nised o)er the tenre of secrities issed $" >P0Ga+ree%ents. Interest spread nder par strctre
of secritisationGdirect assi+n%ent of !oan recei)a$!es is reco+nised on rea!isation o)er the tenre of
the Hsecrities issed $" >P0@ G a+ree%ents. LossGe(penditre# if an"# in respect of secritisation Gdirect
assignment is re+ognised upfront-
?nrea!ised +ain on secritisation co%prises of ftre interest recei)a$!e nder par strctre of secritisationG
assignment-
>ecritisation deferred consideration recei)a$!e co%prises of Co%pan"@s share of ftre interest strip
recei)a$!es in case of a par strctre secritised G assi+ned dea!s.
). Interest inco%e on fi(ed depositsG%ar+in %one"# ca!! %one" (Co!!aterised $orro*in+ and !endin+ o$!i+ation)#
certificate of deposits# pass thro+h certificates# s$ordinate de$ts# +o)ern%ent secrities# inter corporate
deposits and treasr" $i!!s is reco+nised on a ti%e proportion $asis ta,in+ into accont the a%ont otstandin+
and the rate app!ica$!e. Biscont# if an"# on +o)ern%ent and other secrities ac;ired as !on+ ter% in)est%ents
is re+ognised on a time proportion ,asis o"er the tenure of the se+urities-
)i. Bi)idend is reco+nised as inco%e *hen ri+ht to recei)e pa"%ent is esta$!ished $" the date of $a!ance
sheet-
)ii. ProfitG!oss on the sa!e of in)est%ents is co%pted on the $asis of *ei+hted a)era+e cost of in)est%ents and
reco+ni-ed at the ti%e of acta! sa!eGrede%ption.
)iii. Inco%e fro% ser)ices is reco+nised as per the ter%s of the contract on accra! $asis.
i(. Inco%e fro% operatin+ !ease is reco+ni-ed as renta!s# as accred on strai+ht !ine $asis o)er the period of the
!ease.
D= (etirement n+ ot2er emplo6ee 9enefit-
provident <und
<!! the e%p!o"ees of the co%pan" are entit!ed to recei)e $enefits nder the pro)ident fnd# a defined contri$tion
B
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
p!an in *hich $oth the e%p!o"ee and the co%pan" contri$te %onth!" at a stip!ated rate. The co%pan" has no
!ia$i!it" for ftre pro)ident fnd $enefits other than its anna! contri$tion and reco+nises sch contri$tions as an
e(pense in the period in *hich ser)ice is recei)ed.
>ratuit*
The Co%pan" pro)ides for the +ratit"# a defined $enefit retire%ent p!an co)erin+ a!! e%p!o"ees. The p!an pro)ides
for !%p s% pa"%ents to e%p!o"ees pon death *hi!e in e%p!o"%ent or on separation fro% e%p!o"%ent after
ser)in+ for the stip!ated "ear %entioned nder HThe Pa"%ent of Aratit" <ct# 197&@. Lia$i!ities *ith re+ard to the
Aratit" P!an are deter%ined $" actaria! )a!ation at each 2a!ance >heet Bate sin+ the Pro.ected ?nit Credit
9ethod. The Co%pan" f!!" contri$tes a!! ascertained !ia$i!ities to The Trstees' >hrira% Transport 3inance
Co%pan" Li%ited 1%p!o"ees Arop Aratit" <ssrance >che%e. Trstees ad%inister contri$tions %ade to the
trst and contri$tions are in)ested in a sche%e of insrance *ith the I:B< appro)ed Insrance Co%panies. The
Co%pan" reco+ni-es the net o$!i+ation of the +ratit" p!an in the 2a!ance >heet as an asset or !ia$i!it"# respecti)e!"
in accordance *ith <>'15 H1%p!o"ee 2enefits@. <ctaria! +ains and !osses arisin+ fro% e(perience ad.st%ents
and chan+es in actaria! ass%ptions are reco+ni-ed in the >tate%ent of Profit and Loss in the period in *hich the"
arise-
Leave encashment
<cc%!ated !ea)e# *hich is e(pected to $e ti!i-ed *ithin the ne(t t*e!)e %onths# is treated as short'ter% e%p!o"ee
$enefit. The co%pan" %easres the e(pected cost of sch a$sences as the additiona! a%ont that it e(pects to
pa" as a res!t of the nsed entit!e%ent that has acc%!ated at the reportin+ date.
The co%pan" treats acc%!ated !ea)e e(pected to $e carried for*ard $e"ond t*e!)e %onths# as !on+'ter%
e%p!o"ee $enefit for %easre%ent prposes. >ch !on+'ter% co%pensated a$sences are pro)ided for $ased
on the actaria! )a!ation sin+ the pro.ected nit credit %ethod at the reportin+ date. <ctaria! +ainsG!osses are
i%%ediate!" ta,en to the state%ent of profit and !oss and are not deferred.
The co%pan" presents the entire !ea)e as a crrent !ia$i!it" in the $a!ance sheet# since it does not ha)e an
nconditiona! ri+ht to defer its sett!e%ent for t*e!)e %onths after the reportin+ date.
-= *ncome t!
Ta( e(pense co%prises of crrent ta( and deferred ta(. Crrent inco%e ta( is %easred at the a%ont e(pected to
$e paid to the ta( athorities in accordance *ith the Indian Inco%e Ta( <ct# 1961. Beferred inco%e ta(es ref!ects
the i%pact of crrent "ear ti%in+ differences $et*een ta(a$!e inco%e and accontin+ inco%e for the "ear and
re)ersa! of ti%in+ differences of ear!ier "ears. Beferred ta( is %easred $ased on the ta( rates and the ta( !a*s
enacted or s$stanti)e!" enacted at the $a!ance sheet date. Beferred ta( assets are reco+nised on!" to the e(tent
that there is reasona$!e certaint" that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich sch deferred
ta( assets can $e rea!ised. In sitations *here the Co%pan" has na$sor$ed depreciation or carr" for*ard ta(
!osses# a!! deferred ta( assets are reco+nised on!" if there is )irta! certaint" spported $" con)incin+ e)idence that
the" can $e rea!ised a+ainst ftre ta(a$!e profits.
The n'reco+nised deferred ta( assets are re'assessed $" the Co%pan" at each $a!ance sheet date and are
reco+nised to the e(tent that it has $eco%e reasona$!" certain or )irta!!" certain# as the case %a" $e that
sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich sch deferred ta( assets can $e rea!ised.
The carr"in+ cost of the deferred ta( assets are re)ie*ed at each $a!ance sheet date. The co%pan" *rites do*n
the carr"in+ a%ont of a deferred ta( asset to the e(tent that it is no !on+er reasona$!" certain or )irta!!" certain#
as the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich deferred ta( asset can $e
rea!ised. <n" sch *rite do*n is re)ersed to the e(tent that it $eco%es reasona$!" certain or )irta!!" certain# as
the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e.
l= Segment reporting policies
*+entifiction of -egment-7
The co%pan"@s operatin+ $sinesses are or+anised and %ana+ed separate!" accordin+ to the natre of prodcts
and ser"i+es pro"ided* %ith ea+h segment representing a strategi+ ,usiness unit that offers different produ+ts and
ser)es different %ar,ets. The ana!"sis of +eo+raphica! se+%ents is $ased on the areas in *hich %a.or operatin+
di"isions of the +ompany operate-
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
D
Shriram Transport Finan+e Company Limited
unallocated items5
?na!!ocated ite%s inc!de inco%e and e(penses *hich are not a!!ocated to an" reporta$!e $siness se+%ent.
Segment policies 5
The Co%pan" prepares its se+%ent infor%ation in confor%it" *ith the accontin+ po!icies adopted for preparin+
and presentin+ the financia! state%ents of the Co%pan" as a *ho!e.
m= earnings per share
2asic earnin+s per share is ca!c!ated $" di)idin+ the net profit or !oss for the "ear attri$ta$!e to e;it"
shareho!ders
(after dedctin+ attri$ta$!e ta(es) $" the *ei+hted a)era+e n%$er of e;it" shares otstandin+ drin+ the "ear.
3or the prpose of ca!c!atin+ di!ted earnin+s per share# the net profit or !oss for the "ear attri$ta$!e to e;it"
shareho!ders and the *ei+hted a)era+e n%$er of shares otstandin+ drin+ the "ear are ad.sted for the effects
of a!! di!ti)e potentia! e;it" shares.
n= provisions
< pro)ision is reco+nised *hen the Co%pan" has a present o$!i+ation as a res!t of past e)ent6 it is pro$a$!e that
otf!o* of resorces *i!! $e re;ired to sett!e the o$!i+ation# in respect of *hich a re!ia$!e esti%ate can $e %ade.
Pro)isions are not disconted to its present )a!e and are deter%ined $ased on $est esti%ate re;ired to sett!e the
o$!i+ation at the $a!ance sheet date. These are re)ie*ed at each $a!ance sheet date and ad.sted to ref!ect the
+urrent ,est estimates-
o= Cash and cash e/uivalents
Cash and cash e;i)a!ents in the cash f!o* state%ent co%prise cash at $an, and in hand# che;es on hand#
re%ittances in transit and short ter% in)est%ents *ith an ori+ina! %atrit" of three %onths or !ess.
p= &:uit6 -2re- n+ +e9enture- i--ue e!pen-e-
1(penses incrred on isse of e;it" shares are char+ed to state%ent of profit and !oss on a strai+ht !ine $asis
o"er a period of 10 years-
P$!ic isse e(penses# other than the $ro,era+e# incrred on isse of de$entres are char+ed off on a strai+ht !ine
$asis o)er the *ei+hted a)era+e tenor of nder!"in+ de$entres. The $ro,era+e incrred on isse of de$entres
is treated as e(penditre in the "ear in *hich it is incrred.
1(penses incrred for pri)ate p!ace%ent of de$entres# are char+ed to state%ent of profit and !oss in the "ear in
%hi+h they are in+urred-
/= Borro)ing costs
2orro*in+ cost inc!des interest and e(chan+e differences arisin+ fro% forei+n crrenc" $orro*in+s to the e(tent
the" are re+arded as an ad.st%ent to the interest cost. <nci!!ar" and other $orro*in+ costs are char+ed to
state%ent of profit and !oss in the "ear in *hich the" are incrred.
r= emplo*ee stoc- compensation costs
In accordance *ith the >12I (1%p!o"ee >toc, 7ption >che%e and 1%p!o"ee >toc, Prchase >che%e)
Aide!ines#
1999 and the Aidance Note on <ccontin+ for 1%p!o"ee >hare'$ased Pa"%ents# issed $" The Institte of
Chartered <ccontants of India# the co%pensation cost re!atin+ to e%p!o"ee stoc, options is %easred and
reco+nised sin+ intrinsic )a!e %ethod. Co%pensation e(pense is a%ortised o)er the )estin+ period of the option
on a strai+ht !ine $asis.
s= Contingent lia0ilities
< contin+ent !ia$i!it" is a possi$!e o$!i+ation that arises fro% past e)ents *hose e(istence *i!! $e confir%ed $"
the occrrence or non'occrrence of one or %ore ncertain ftre e)ents $e"ond the contro! of the co%pan" or a
present o$!i+ation that is not reco+ni-ed $ecase it is not pro$a$!e that an otf!o* of resorces *i!! $e re;ired to
sett!e the o$!i+ation. < contin+ent !ia$i!it" a!so arises in e(tre%e!" rare cases *here there is a !ia$i!it" that cannot
$e reco+ni-ed $ecase it cannot $e %easred re!ia$!". The Co%pan" does not reco+ni-e a contin+ent !ia$i!it" $t
disc!oses its e(istence in the financia! state%ents.
as at
march 3#! (#&
3= Share CapiTaL
authorised
/97#000#000 (9arch /1# &01/M /97#000#000)
1;it" >hares of :s.10G' each /9#700.00 /9#700.00
&0#000#000 (9arch /1# &01/M &0#000#000)
Preference >hares of :s.100G' each 20*000-00 20*000-00
5'!"((=(( 5'!"((=((
issued and Su0scri0ed share capital
&&6#9/6#877( 9arch /1# &01/M &&6#918#077)
e;it" shares of :s. 10G' each &&#69/.69 &&#691.81
paid up (<ull* paid up)
1;it" >hares
&&6#88&#7/6 (9arch /1# &01/M &&6#86/#9/6)
e;it" shares of :s. 10G' each &&#688.&7 &&#686./9
!$%%=" !$%$=3'
48#000 e;it" shares of :s.10G' each (:s. 5G' each paid p forfeited) 2-40 2-40
Total !$'(=$" !$%%="'
reconciliation o. the e/uit* shares outstanding at the
0eginning and at end o. reporting period=
Shares outstanding at the ,eginning of the year
as at march 3#! (#& as at march 3#! (#3
num0ers
o. shares
&&6#86/#9/6
rs=
in lacs
&&#686./9
num0ers
o. shares
&&6#/00#568
rs=
in lacs
&&#6/0.06
Issed drin+ the period ' 1%p!o"ee stoc, option sche%e
R:efer Note &5S
18#800 1.88 6&#500 6.&5
Issed on accont of %er+er of >hrira% Co!din+s
(9adras) Pri)ate Li%ited R:efer Note //S
' ' 500#868 50.08
Shares outstanding at the end o. the *ear $!%%!"3$ !$%%=" $!%$3!'3$ !$%$=3'
#
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
a=
0= Term-Drig2t- ttc2e+ to e:uit6 -2re-
The Compan" has on!" one c!ass of e;it" shares ha)in+ a par )a!e of :s. 10G' per share. 1ach ho!der of e;it"
shares is entit!ed to one )ote per share. The di)idend is s$.ect to the appro)a! of the shareho!ders in the ensin+
anna! +enera! %eetin+.
Brin+ the "ear ended 9arch /1# &014# the a%ont of per e;it" share di)idend reco+ni-ed as distri$tions to e;it"
shareho!ders *as :s. 7.00 ( 9arch /1# &01/ M :s. 7.00). 7t of the tota! di)idend dec!ared drin+ the "ear ended
9arch /1# &014# a%ont of interi% di)idend paid *as :s. /.00 per e;it" share ( 9arch /1# &01/M :s. /.00) and
a%ont of fina! di)idend proposed *as :s. 4.00 per e;it" share ( 9arch /1# &01/M :s. 4.00).
In the e)ent of !i;idation of the co%pan"# the ho!ders of e;it" shares *i!! $e entit!ed to recei)e re%ainin+ assets of
the co%pan"# after distri$tion of a!! preferentia! a%onts. The distri$tion *i!! $e in proportion to the n%$er of e;it"
shares he!d $" the shareho!ders.
c= Shares reserved .or issue under options
The Co%pan" has reser)ed Ni! (9arch /1# &01/M 18#800) e;it" shares for isse nder e%p!o"ee stoc, option
sche%e &005. Brin+ the "ear ended 9arch /1# &014# 18#800 e;it" shares *ere )ested and e(ercised.
B0
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
d= $ggregte num9er of e:uit6 -2re- i--ue+ for con-i+ertion ot2er t2n c-2 +uring t2e perio+ of fi'e 6er-
immediatel* preceeding the reporting date5
The co%pan" has issed tota! /#71&#568 e;it" shares (9arch /1 &01/ M 4#069#968) drin+ the period of fi)e "ears
i%%ediate!" precedin+ the reportin+ date on e(ercise of options +ranted nder the e%p!o"ee stoc, option p!an (1>7P)
*herein part consideration *as recei)ed in for% of e%p!o"ee ser)ice# and inc!des 500#868 e;it" shares issed on
accont of %er+er of >hrira% Co!din+s (9adras) Pri)ate Li%ited as per note (f) +i)en $e!o*.
e= details o. shareholders holding more than 58 e/uit* shares in the compan*
details o. shareholding as at march 3#! (#& as at march 3#! (#3
name o. the Shareholder
num0ers
o. shares
8 holding
in the
class
num0ers o.
shares
8 holding
in the
class
&:uit6 -2re- of (-. 10DE ec2
>hrira% Capita! Li%ited 59#10/#16& &6.054 58#50&#778 &5.794
Ne*$rid+e India In)est%ent II Li%ited ' ' &&#847#468 10.074
PCL Capita! Pri)ate Li%ited &&#600#000 9.964 ' '
Aenesis Indian In)est%ent Co%pan" Li%ited 1/#648#064 6.0&4 1/#9&6#&56 6.144
<s per the records of the co%pan"# inc!din+ its re+ister of shareho!dersG%e%$ers# the a$o)e shareho!din+ represents
!e+a! o*nerships of shares.
.= The Con@$!e 9adras Ci+h Cort sanctioned the >che%e of arran+e%ent for %er+er of >hrira% Co!din+s (9adras)
Pri)ate Li%ited (>C9PL) *ith the co%pan"( Hthe sche%e@) and the sche%e ca%e into effect fro% No)e%$er 05#&01&
*hen the co%pan" fi!ed the sche%e *ith the re+istrar of co%panies# Ta%i! Nad# Chennai. Prsant to the sche%e#
the in)est%ent of >C9PL in the share capita! of the co%pan" )i-. 9/#/71#51& f!!" paid'p 1;it" shares of :s.10G'
each stood cance!!ed and the co%pan" issed and a!!otted 9/#87&#/80 ne* e;it" shares of :s. 10G' each f!!"
paid'p to the shareho!ders of >C9PL. This res!ted into increase of :s.50.09 !acs in the paid'p capita! of the
co%pan" *ith effect fro% No)e%$er 05# &01&. The %er+er is effecti)e fro% <pri! 01# &01& and the effect of the sa%e
is considered in the financia! state%ents for the "ear ended 9arch /1# &01/.
as at
march 3#! (#&
&= reSer?eS and SurpLuS
Capital reserve
2a!ance as per !ast accont &#761.8/ 17.0/
<ddM 7n accont of %er+er of >hrira% Co!din+s (9adras) Pri)ate
Li%ited R:efer Note //S ' &#744.80
Closing 0alance !"$#=%3 !"$#=%3
Capital redemption reserve 5!3%%=35 5!3%%=35
Securities premium account
2a!ance as per !ast accont 175#44&./6 175#/&&.0&
<ddM <ddition on 1>7Ps e(ercised 4.70 15.6&
<ddM Transferred fro% stoc, options otstandin+ 34-00 104.7&
Closing 0alance #"5!&%#=($ #"5!&&=3$
de0enture redemption reserve
2a!ance as per !ast accont /0#180.0/ 5&#1/6.1&
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 19#/70.76 15#815.&6
LessM Transfer to state%ent of profit and !oss on accont of rede%ption (8#&15./5) (&/#461.58)
LessM Transfer to state%ent of profit and !oss on accont of
re)ised +ide!ines P ' (14#/09.77)
Closing 0alance &#!335=&& 3(!#%(=(3
Stoc- option outstanding
1%p!o"ee stoc, option otstandin+ ' 34-00
Less M Beferred e%p!o"ee co%pensation otstandin+ ' (0.90)
Closing 0alance , 33=#(
other reserves
Statutor* reserve pursuant to Section &5,iC o. The rBi act! #'3&
2a!ance as per !ast accont 1&9#199.79 101#199.79
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss &6#000.00 &8#000.00
Closing 0alance #55!#''="' #'!#''="'
>eneral reserve
2a!ance as per !ast accont 65#15/.6/ 51#15/.6/
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 13*000-00 14*000-00
Closing 0alance "%!#53=$3 $5!#53=$3
.urplu- in -ttement of profit n+ lo--
2a!ance as per !ast accont &88#6&6.08 191#157.//
<ddM Profit for the crrent "ear 1&6#4&0.77 1/6#06&.01
<ddM 1(cess pro)ision *ritten $ac, ' ta( on di)idend ' 0-41
Less5 appropriations
Transfer to stattor" reser)e as per >ection 45'IC of The :2I <ct# 19/4 (&6#000.00) (&8#000.00)
Transfer to +enera! reser)e 913*000-00: 914*000-00:
Transfer toGfro% de$entre rede%ption reser)e (11#155.41) &1#956.09
Interi% di)idend Ra%ont per share :s. /.00 (9arch /1# &01/M :s. 4.00)S (6#806.48) (6#8&5.68)
Ta( on interi% di)idend (1#156./4) (1#107./0)
Proposed fina! di)idend Ra%ont per share :s. 4.00 (9arch /1# &01/M
:s. 4.00)S (9#075./1) (9#074.56)
Ta( on proposed di)idend (1#54&./5) (1#54&.&&)
Total appropriations ($%!"35=%') (3%!5'3=$")
%et -urplu- in -ttement of profit n+ lo-- 3&$!3#(='$ %%!$$=(%
Total %(&!$3#=($ $'$!"%5=#"
B1
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
P <s per Aenera! circ!ar no 04G&01/ dated 3e$rar" 11# &01/ issed $" 9inistr" of corporate affairs# Be$entre
rede%ption reser)e re;ired to $e %aintained is re)ised to &54 fro% 504 # hence# the e(cess a%ont has $een
transferred $ac, to the state%ent of profit and !oss for the "ear ended 9arch /1# &01/.
B2
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturitiesE
non,current
portion
Current
maturitiesE
5= Lon> Term Borro)in>S
Su,ordinated de,ts 9;nse+ured: /91#/0/./1 50#441.7& /1&#8/9.6/ 54#&67.15
redeema0le non converti0le de0entures
Se+ured 891#/&1.70 4&4#//7.08 870#097.87 &96#481.41
LessM ?na%ortised discont (145.65) (58&.15) (580.61) (&#118.6&)
%'#!#"$=(5 &3!"5&='3 %$'!5#"=$ '&!3$="'
;nse+ured &#150.00 79#580.00 81#7/0.00 47#/80.00
LessM ?na%ortised discont ' (110.08) (110.08) (784.49)
!#5(=(( "'!&$'=' %#!$#'=' &$!5'5=5#
Term loans .rom 0an-s
;nse+ured 10*000-00 ' 10*000-00 10*000-00
Se+ured 718#448.56 /9&#18&.66 508#599.&5 &81#18&.57
3i(ed deposits (?nsecred) 19&#410.45 /8#011.76 68#&&0.0& 66#418.&8
Term lon- from )inncil in-titution- D 4orporte-
Se+ured 65#700.00 /8#800.00 54#500.00 &7#000.00
Loans and advances .rom related parties
Su,ordinated de,ts 9;nse+ured:
fro% <ssociate ' ' ' 413-40
fro% :e!ati)e of 9ana+in+ Birector 1-10 ' 0-30 '
:edee%a$!e non con)erti$!e de$entres (>ecred)
fro% <ssociate ' ' /.60 2-40
from 7anaging 8ire+tor 3-00 ' ' '
fro% :e!ati)e of 9ana+in+ Birector 14-33 1./9 4.88 2-21
3i(ed deposits (?nsecred)
fro% :e!ati)e of 9ana+in+ Birector &.09 ' ' 1-02
Total !"#!(%=%' #!(!$$=3% #!'(5!3(&=%$ "%(!&5=33
P <%ont disc!osed nder the Note 6 7ther crrent !ia$i!ities
B3
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
a) Su0ordinated de0t , unsecured
i) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 100,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 ' ' #3!"$'=((
48'60 9onths ' ' 4#541.00 ' &!5&#=((
&4'/6 %onths ' 5#000.00 ' ' 5!(((=((
1&'&4 %onths ' &5#577.00 ' ' 5!5""=((
Total , &&!3&$=(( &!5&#=(( , &%!%%"=((
Current maturit*
upto # months , #5!(((=(( 5!5((=(( , (!5((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 4#541.00 ' #%!3#(=((
/6'48 %onths ' 5#000.00 ' ' 5!(((=((
&4'/6 %onths ' &5#577.00 ' ' 5!5""=((
1&'&4 %onths ' 15#000.00 5#500.00 ' (!5((=((
Total , 5'!3&$=(( #(!(&#=(( , $'!3%"=((
Current maturit*
upto # months , , #(!5#(=(( , #(!5#(=((
ii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 106#010.00 ' ' #($!(#(=((
48'60 9onths &#500.00 &5#6/0.00 5#000.00 ' 33!#3(=((
/6'48 9onths ' &5#000.00 ' ' 5!(((=((
&4'/6 %onths ' 5#000.00 ' ' 5!(((=((
1&'&4 %onths ' /5#000.00 ' ' 35!(((=((
Total !5((=(( #'$!$&(=(( 5!(((=(( , (&!#&(=((
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 95#890.00 5#000.00 ' #((!%'(=((
48'60 %onths ' &5#000.00 ' ' 5!(((=((
/6'48 %onths ' 5#000.00 ' ' 5!(((=((
&4'/6 %onths ' /5#000.00 ' ' 35!(((=((
Total , #$(!%'(=(( 5!(((=(( , #$5!%'(=((
Current maturit*
upto # months , #5!(((=(( , , #5!(((=((
B4
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
iii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 65#695.1& ' ' $5!$'5=#
48'60 9onths 5.40 47#109.&9 ' ' &"!##&=$'
/6'48 9onths 1#481.88 6#589.06 ' ' %!("(='&
&4'/6 %onths 46.99 /#487.45 ' ' 3!53&=&&
1&'&4 %onths ' 5#551.41 0.50 ' 5!55#='#
Total #!53&=" #%!&3=33 (=5( , #'!'$"=#(
Current maturit*
upto # months , %!(3%=3" #!'(3=35 , '!'&#="
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths 5.40 &&#148.&1 ' ' !#53=$#
48'60 %onths 1#481.88 6#589.06 ' ' %!("(='&
/6'48 %onths 46.99 /#487.45 ' ' 3!53&=&&
&4'/6 %onths ' 5#551.41 0.50 ' 5!55#='#
1&'&4 %onths ' 8#0/8./7 &1#90/./5 ' '!'&#="
Total #!53&=" &5!%#&=5( #!'(3=%5 , $'!5=$
Current maturit*
upto # months , !&((=3" $!""(=#% , '!#"(=55
option detail
(:s. in !acs)
rate o.
interest
as at
march 3#!
(#&
as at
march 3#! redeema0le
(#3 at par on
7ption 'I0 10-41H 91.00 91.00 1'In'17
10.814 1#687.00 1#687.00 1'9ar'17
11.&54 /#746.08 /#746.08 1'Bec'16
7ption '0 10.&54 110-30 110-30 1'In'17
10.754 204-32 204-32 1'In'17
11-00H &#471.61 &#471.61 1'In'17
Total %!3#(=3# %!3#(=3#
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
Total Su0ordinated de0ts
(:s. in !acs)
as at march 3#! (#3 as at march 3#! (#&
non,current
portion
Current
maturities
non,current Current
portion maturities
Pri)ate!" p!aced (iTiiTiii) /8&#994.10 50#441.7& /04#5&9.6& 54#680.55
P$!ic isse (i)) 8#/10./1 ' 8#/10./1 '
Tota! >$ordinated de$ts /91#/04.41 50#441.7& /1&#8/9.9/ 54#680.55
LessM issed to re!ated parties 1-10 ' 0-30 413-40
Total 3'#!3(3=3# 5(!&&#="
B5
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
iv) Pu9lic i--ue of -u9or+inte+ +e9t of (-. 1,000DE ec2 (2010)E:uote+
Long term 0orro)ing
3#!%3'=$3 5&!$"=#5
B) non converti0le de0enture (nCd) , Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par 9from the
date of the 2a!ance >heet)
rate o. interest
Total E F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
48'60 %onths ' 1#978.// ' ' ' #!'"%=33
/6'48 %onths ' 9#/85.75 9/9.5& ' ' #(!35="
&4'/6 %onths 1.84 47#445.47 719.40 0.88 ' &%!#$"=5'
1&'&4 %onths &#584.05 1/7#415.90 ' 79&.9& ' #&(!"'=%"
Total !5%5=%' #'$!5=&5 #!$5%=' "'3=%( , (#!$&=($
Current maturit*
upto # months %!"3$=#% #((!(#&=#& $=&( 3##=%( , #('!($%=5
B
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
redeema0le at par 9from the
date of the 2a!ance >heet)
rate o. interest
Total F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
48'60 %onths ' 8#61/.59 9/9.5& ' ' '!553=##
/6'48 %onths 1.84 6#5/4.46 719.88 0.88 ' "!5"=($
&4'/6 %onths 1#669.55 1/6#8/&.48 ' 79&.9& ' #3'!'&='5
1&'&4 %onths /#6/7.90 100#19&.44 6.40 /11.80 ' #(&!#&%=5&
Total 5!3('=' 5!#"='" #!$$5=%( #!#(5=$( , $(!53=$$
Current maturit*
upto # months &$!"3"="' '!#('=3# #!5%=%' %=3 (=&% ""!"#="'
nature o. securit*
>ecred $" e;ita$!e %ort+a+e of i%%o)a$!e propert". 3rther secred $" char+e on p!ant and %achiner"#
frnitre and other fi(ed assets of the Co%pan"# char+e on Co%pan"@s h"pothecation !oans# other !oans#
ad"an+es and in"estments of the Company su,2e+t to prior +harges +reated or to ,e +reated in fa"our of the
Co%pan"@s $an,ers# financia! instittions and others.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
P <%ont pertains to de$entres issed prior to notification of the :2I Circ!ar BN2B(PB) CC No.
//0G0/.10.001G&01&'1/ dated Ine &7# &01/.
ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing ( gross o. unamortised discount on de0enture o. rs= #&5=$5 lacs )
(:s. in !acs)
(e+eem9le t prDpremium
(fro% the date of the 2a!ance
Sheet:
rate o. interest
Total F #(8I
GH #(8
F #8EI J
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
7)er 60 %onths 5#960.00 1&0#9&0.00 ' ' ' #$!%%(=((
48'60 %onths 1#500.00 17#500.00 ' ' ' #'!(((=((
/6'48 %onthsU /#800.00 76#000.00 ' ' ' "'!%((=((
&4'/6 %onthsPU 7#750.00 1&/#805.00 ' ' ' #3#!555=((
1&'&4 %onthsU 6#600.00 40#800.00 ' ' ' &"!&((=((
Total 5!$#(=(( 3"'!(5=(( , , , &(&!$35=((
P Inc!des 1 NCB of :s. 6&5.00 !acs part!" paid to the e(tent of :s. 50#000G'
UNCB a%ontin+ to :s. 4#&00.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.604 6&5.00 1&'<+'16
Total $5=((
Current maturit* ( gross o. unamortised discount on de0enture o. rs= 5%=#5 lacs )
(:s. in !acs)
(e+eem9le t prDpremium
(fro% the date of the 2a!ance
Sheet:
rate o. interest
Total F #(8I J
GH #(8
F #8EIJ
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
upto # monthsEIJ $!(#(=(( #"!5%5=(( , , , "'!5'5=((
P Inc!des 1 NCB of :s. 6&5.00 !acs part!" paid to the e(tent of :s. 50#000G'
UNCB a%ontin+ to :s. 19#7&0.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
2
3
4
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.504 6&5.00 1/'<+'14
10-30H 20*000-00 &0'I!'14
9./54 5#000.00 &/'In'14
9./54 15#000.00 &/'In'14
Total &(!$5=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= 5%(=$# lacs)
(:s. in !acs)
(e+eem9le t prDpremium
(fro% the date of the 2a!ance
Sheet:
rate o. interest
Total F #(8U
GH #(8
F #8EIJ
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
48'60 %onths PU /#800.00 76#000.00 ' ' ' "'!%((=((
/6'48 %onthsUV 750.00 /8#1&5.00 ' ' ' 3%!%"5=((
&4'/6 %onthsU 47#100.00 55#800.00 ' ' ' #(!'((=((
1&'&4 %onthsUV /9#010.00 168#585.00 ' ' ' ("!5'5=((
Total '(!$$(=(( 33%!5#(=(( , , , &'!#"(=((
P Inc!des & NCBs of :s. 6&5.00 !acs each part!" paid to the e(tent of :s. 50#000G'
UNCBs a%ontin+ to :s. &&#4&0.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
10.604 6&5.00 1&'<+'16
10.504 6&5.00 1/'<+'14
10-30H 20*000-00 &0'I!'14
Total #!5(=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= !##%=$ lacs)
(:s. in !acs)
(e+eem9le t prDpremium
(fro% the date of the 2a!ance
Sheet:
rate o. interest
Total F #(8I J
GH #(8
F #8I J
GH #8
F #&8
GH #&8
F #$8 GH #$8
amount amount amount amount amount amount
upto # monthsIJ #'!5#(=(( #5!'((=(( 3#!(((=(( , , #"$!&#(=((
UNCBs a%ontin+ to :s. 18#110.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
10-30H 31*000-00 6'Ian'14
9.&04 30*000-00 &4'In'1/
9.004 20*000-00 &'9a"'1/
Total %#!(((=((
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
%ort+a+e of i%%o)a$!e propert".
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
iii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing ( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &014
Current maturit*
(:s. in !acs)
(e+eem9le t prDpremium
(fro% the date of the 2a!ance
Sheet:
rate o. interest
Total F #(8
GH #(8
F #8E
GH #8
F #&8
GH #&8
F #$8 GH #$8
upto # monthsE , #!$((=(( , , , #!$((=((
EPart!" paid to the e(tent of :s. 100#000G'
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &01/
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &01/
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
%ort+a+e of i%%o)a$!e propert".
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and
at par on Call option
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
7ption 'I
7ption 'II
11-00H ' 1#464.79
11.&54 ' &80.18
11.&54 ' 1#096.49
11.504 ' /78.4/
,
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and
at par on Call option
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
1'7ct'1/ '
&6'<+'14 '
1'7ct'1/ '
&6'<+'14 '
7ption 'I
7ption 'II
7ption 'III
7ption 'I0
11-00H 1#484.6& '
11.&54 &60./6 '
11-00H ' &#9&9.58
11.&54 ' 560./6
11.&54 1*123-20 '
11.504 /51.7& '
11.&54 ' &#19&.99
11.504 ' 756.85
11-03H ' 10#4&&.51
11-03H 7#508.65 '
11-00H ' &#&74.1&
11-00H 999.10 '
##!""=$&
5= Lon> Term Borro)in>S (Contd=)
iv) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (200#)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
3!#'=%'
Current maturit*
(:s. in !acs)
Total
#'!#3$=&
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
%ort+a+e of i%%o)a$!e propert".
The fnds raised fro% the p$!ic isse of 9#999#996 secred NCB a++re+atin+ to :s. 99#999.96 !acs ha)e $een
ti!ised# after %eetin+ the e(penditre of and re!ated to the p$!ic isse# for )arios financin+ acti)ities of the
Co%pan" inc!din+ !endin+# in)est%ents and repa"%ent of $orro*in+s.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof# for the prpose of resa!e or reisse.
The Co%pan" has $o+ht $ac, NCBs of :s. 4#&15.&/ !acs on 1&'9arch'&010 and :s. /#000.00 !acs on &7'
9arch'&01& # :s. &/#505.&6 !acs on &8'9arch'&01& and as per the ter%s of the isse :s. 46#9&/.16 !acs and
:s. 6#4/9.79 !acs *ere redee%ed on &6'<+st'&01& and &6'<+st'&01/ respecti)e!".
Pt options *ere e(ercised for option III and I0 on &6'<+st'&01/ and :s. &#91/.86 !acs and :s. 1#&75.0& !acs
respecti)e!" *ere paid on 1'7cto$er'&01/ in co%p!iance *ith the ter%s of isse.
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 9.004 ' /#/98.67 1'In'15 1'In'1/
9.504 ' 10#495.95 1'In'15 1'In'1/
9.754 ' 1#496.49 1'In'15 1'In'1/
10-00H ' /6/./6 1'In'15 1'In'1/
7ption NIII 9.754 ' 1#616.90 1'In'1/ '
10.&54 ' 1#571./6 1'In'1/ '
10.504 ' /#4/5.46 1'In'1/ '
10.754 ' 848.6& 1'In'1/ '
9.754 1#616.90 ' 1'In'14 '
10.&54 1#571./6 ' 1'In'14 '
10.504 /#51/.5& ' 1'In'14 '
10.754 770.56 ' 1'In'14 '
"!&"=3&
5= Lon> Term Borro)in>S (Contd=)
v) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (2010)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 9.004 1#4&4.68 ' 1'In'15 '
9.504 /#918.55 ' 1'In'15 '
9.754 1#160.60 ' 1'In'15 '
10-00H &/1.60 ' 1'In'15 '
7ption NII 9.504 897.0/ 897.0/ 1'In'17 1'In'15
10-00H 8/&.&0 8/&.&0 1'In'17 1'In'15
10.&54 /#80&.59 /#741.65 1'In'17 1'In'15
10.504 7&&.54 78/.48 1'In'17 1'In'15
7ption NIII 9.754 808.45 808.45 1'In'15 '
10.&54 785.68 785.68 1'In'15 '
10.504 1#756.76 1#717.7/ 1'In'15 '
10.754 /85.&8 424-31 1'In'15 '
9.754 ' 1#616.90 1'In'14 '
10.&54 ' 1#571./6 1'In'14 '
10.504 ' /#4/5.46 1'In'14 '
10.754 ' 848.6& 1'In'14 '
Total #$!"5='$ #"!&$=%"
Current maturit*
(:s. in !acs)
Total
3!$=%#
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 11.604 5/#470.8/ 5/#470.8/ 11'I!'16 1&'I!'15
11./54 &4#/1/.78 &4#/1/.78 11'I!'16 1&'I!'15
11-10H 7#/40./6 7#/40./6 11'I!'16 1&'I!'15
7ption NII 11./54 ' /#46&.05 11'I!'14 '
11-10H ' /#17/.19 11'I!'14 '
11-00H ' 8#&/9.7& 11'I!'14 '
%5!#&='"
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'II 11./54 /#46&.05 ' 11'I!'14 '
11-10H /#17/.19 ' 11'I!'14 '
11-00H 8#&/9.7& ' 11'I!'14 '
#&!%"&='$
5= Lon> Term Borro)in>S (Contd=)
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
%ort+a+e of i%%o)a$!e propert".
The Co%pan" has ti!ised the entire s% of :s. 41#689.68 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof# for the prpose of resa!e or reisse.
The Co%pan" has $o+ht $ac, NCBs of :s. 1#000.00 !acs on 14'I!"'&011 and as per the ter%s of the isse
:s. 7#47&./4 !acs *ere redee%ed on 1'Ine'&01/.
Pt options *ere e(ercised for option I on 1'Ine'&01/ and :s. 9#019.04 !acs *ere paid on 5'I!"'&01/ in
co%p!iance *ith the ter%s of isse.
vi) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (2011)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
''!'''='3
Current maturit*
(:s. in !acs)
Total '
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
e;ita$!e %ort+a+e of i%%o)a$!e propert".
The Co%pan" has ti!ised the entire s% of :s. 99#999.9/ !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof# for the prpose of resa!e or reisse.
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 11.154 8#569.&8 8#518.9& 9'<+'15 '
10.&54 14#894.88 14#945.&4 9'<+'15 '
7ption NII 11-40H 13*423-10 14#&/6.98 9'<+'17 '
10.504 1&#788.11 11#974.&/ 9'<+'17 '
7ption NIII 11.154 /#7&5.06 /#7/8.41 9'<+'15 '
10.&54 161.04 147.69 9'<+'15 '
7ption NI0 11-40H 6#/15.11 6#/56.94 9'<+'17 '
10.504 123-42 81.59 9'<+'17 '
$(!(((=((
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 10.904 1&#8&9.17 ' 1'<+'16 '
9.654 1/#568.&0 ' 1'<+'16 '
7ption NII 11.154 11#586.&& ' /1'I!'17 '
9.804 /#/56.06 ' /1'I!'17 '
11.154 11#586.&& ' /1'I!'18 '
9.804 /#/56.07 ' /1'I!'18 '
7ption NIII 10.6/4 5#797./0 ' /1'I!'18 '
9.404 104-42 ' /1'I!'18 '
7ption NI0 10.904 6#075.57 ' 1'<+'16 '
9.654 4/.60 ' 1'<+'16 '
3ption .< 11.154 &#6/7.50 ' /1'I!'17 '
9.804 5.61 ' /1'I!'17 '
11.154 &#6/7.50 ' /1'I!'18 '
9.804 5.60 ' /1'I!'18 '
"3!5%'=(&
5= Lon> Term Borro)in>S (Contd=)
vii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (2012)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
$(!(((=((
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
Se+red $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
e;ita$!e %ort+a+e of i%%o)a$!e propert".
The Co%pan" has ti!ised the entire s% of :s. 60#000G' !acs raised fro% p$!ic isse (net off e(penses) to*ards
asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
viii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (2013)E1
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total ,
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and
3#! (#3 at par on Call option
7ption 'I 11.&54 7#76&.6/ ' &4'7ct'16 '
10.754 19#/7/.&1 ' &4'7ct'16 '
7ption NII 11.504 /#164.51 ' &4'7ct'18 '
10.754 7#489.01 ' &4'7ct'18 '
7ption NIII 11.754 4#7/4.&6 ' &4'7ct'&0 '
10.754 /#0&/.&9 ' &4'7ct'&0 '
7ption NI0 11.&54 &#&5/.65 ' &4'7ct'16 '
10.754 11.95 ' &4'7ct'16 '
3ption .< 11.504 809.97 ' &4'7ct'18 '
10.754 5.00 ' &4'7ct'18 '
7ption N0I 11.754 1#/70.4& ' &4'7ct'&0 '
10.754 2-10 ' &4'7ct'&0 '
5(!(((=((
5= Lon> Term Borro)in>S (Contd=)
nature o. securit*
Se+red $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and e;ita$!e
%ort+a+e of i%%o)a$!e propert".
The Co%pan" has ti!ised the entire s% of :s. 7/#589.04 !acs raised fro% p$!ic isse (net off e(penses) to*ards
asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s and
+onditions as may ,e de+ided ,y the Company-
i!) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (2013)E2
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total ,
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
Se+red $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
e;ita$!e %ort+a+e of i%%o)a$!e propert".
The Co%pan" has ti!ised the entire s% of :s. 50#000.00 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s
and +onditions as may ,e de+ided ,y the Company-
Total non,converti0le
de0entures , secured
(:s. in !acs)
as at march 3#! (#3
as at march 3#! (#&
non,current
portion
Current
maturities
non,current
portion
Current
maturities
Pri)ate!" p!aced (iTiiTiii) 605#899.06 /90#&6/.5& 689#4&/.65 &54#1&&.79
P$!ic isse (i)T)T)iT)iiT)iiiTi() &85#4/9.97 /4#074.95 180#68&.70 4&#/6/.&/
Total non,converti0le de0entures,
secured
%'#!33'=(3 &&!33%=&" %"(!#($=35 '$!&%$=(
LessM issed to re!ated parties 17.// 1./9 8.48 4.61
Total %'#!3#="( &&!33"=(% %"(!('"=%" '$!&%#=&#
5= Lon> Term Borro)in>S (Contd=)
C= redeema0le non,converti0le de0entures (nCd) , unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= nil)
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8I GH#(8 F#8I Total
amount amount amount
1&'&4 %onthsU ' &#150.00 !#5(=((
Total , !#5(=(( !#5(=((
UNCBs a%ontin+ to :s. &#150.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
Current maturit* (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs )
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8I GH#(8 F#8I J Total
amount amount amount
pto 1& %onthsUV &&#750.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5$!%3(=(( "'!5%(=((
UNCBs a%ontin+ to :s. &/#170.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 10.074 &5#000.00 /0'<pr'14
Total 5!(((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs)
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8I GH#(8 F#8J Total
amount amount amount
&4'/6 %onthsU ' &#150.00 !#5(=((
1&'&4 %onthsUV &&#750.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5%!'%(=(( %#!"3(=((
UNCBs a%ontin+ to :s. &5#/&0.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er 7
(:s. in !acs)
Sr n o
1
rate o. interest amount
PutD4ll option +te
10.074 &5#000.00 1'9a"'1/
Total 5!(((=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= "%&=&' lacs)
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F#(8I J GH#(8 F#8I Total
amount amount amount
pto 1& %onthsUV &&#&80.00 &5#100.00 &"!3%(=((
Total !%(=(( 5!#((=(( &"!3%(=((
UNCBs a%ontin+ to :s. &7#900.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 9.594 20*000-00 &4'9ar'14
Total (!(((=((
d= Term Loan .rom 0an-, unsecured
as at march 3#! (#&
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H 2!!et 10*000-00 '
Total #(!(((=(( ,
as at march 3#! (#3
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H 2!!et 10*000-00 '
;pto 12 months 10-00H 2!!et ' 10*000-00
Total #(!(((=(( #(!(((=((
5= Lon> Term Borro)in>S (Contd=)
e= Term loans .rom 0an-s , Secured
as at march 3#! (#&
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
10.504 to
11-20H
10 to 48 insta!!%ents of %onth!"#
;arter!" J ha!f "ear!" fre;enc"
1&6#488.69 32*000-00
/6'48 %onths
10./54 to
11.&54
5 to 48 insta!!%ents of %onth!"#
;arter!"# ha!f "ear!" J "ear!"
freLuen+y
/08#&08./6 116#668.67
&4'/6 %onths
10-00H to
11.754
1 to 60 insta!!%ents of $!!et#
%onth!"# ;arter!" # ha!f "ear!" J
"ear!" fre;enc"
&1/#&0/.5& 110#714.&9
1&'&4 %onths (P refer
secrit" detai!s)
9.004 to
1&.&54
1 to 60 insta!!%ents of $!!et#
%onth!"# ;arter!" and ha!f "ear!"
freLuen+y
70#547.99 58#486.01
;pto 12 months
9.754 to
1&.754
1 to 48 insta!!%ents of $!!et#
%onth!" and ;arter!" fre;enc"
' 74#/1/.69
Total "#%!&&%=5$ 3'!#%=$$
(:s. in !acs)
nature o. securit*
as at march 3#! (#&
a: Pinc!des secred $" h"pothecation of )ehic!es for o*n se &.91
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
1#110#6&8./1
Total #!##(!$3#=
as at march 3#! (#3
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 10./54 to
10.754
5 to &0 insta!!%ents of ;arter!"
and "ear!" fre;enc"
111#999.95 &8#000.00
/6'48 %onths
10./54 to
11.754
1 to 60 insta!!%ents of $!!et#
%onth!"# ;arter!" and ha!f "ear!"
freLuen+y
212*414-24 71#190.48
&4'/6 %onths (P refer
secrit" detai!s)
9.004 to
1&.504
1 to 60 insta!!%ents of $!!et#
%onth!"# ;arter!"# ha!f "ear!"
freLuen+y
115#710.78 40#4/5.98
1&'&4 %onths
9.504 to
13-00H
1 to 48 insta!!%ents of $!!et#
%onth!"# ;arter!"# ha!f "ear!"
and "ear!" fre;enc"
68#474.&8 &5#701.00
;pto 12 months
9.004 to
1/.754
1 to 48 insta!!%ents of $!!et#
%onth!"# ;arter!"# ha!f "ear!"
and "ear!" fre;enc"
' 115#855.11
Total 5(%!5''=5 %#!#%=5"
Totl fi!e+ +epo-it-
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current Current
portion maturities
Tota! 3i(ed deposits 19&#41&.54 /8#011.76 68#&&0.0& 66#419./0
LessM issed to re!ated parties &.09 ' ' 1-02
Total #'!&#(=&5 3%!(##="$
5= Lon> Term Borro)in>S (Contd=)
(:s. in !acs)
nature o. securit*
as at march 3#! (#3
a: Pinc!des secred $" h"pothecation of )ehic!es for o*n se 5.18
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
789#776.64
Total "%'!"%#=%
<= )i!e+ +epo-it-E Jn-ecure+ E(efer %ote 27
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 9#075.19 '!("5=#'
/6'48 %onths ' 5#968.1/ 5!'$%=#3
&4'/6 %onths 0-02 1/4#1&5.09 #3&!#5=##
1&'&4 %onths 14#/&5.65 &8#918.46 &3!&&=##
Total #&!35=$" #"%!(%$=%" #'!&#=5&
Current maturit*
;pto 12 months #'!5(=$ #%!5('=#& 3%!(##="$
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
rate o. interest
redeema0le at par
(fro% the date of the 2a!ance >heet)
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 4#4&4.7& &!&&="
/6'48 %onths ' 5#711.40 5!"##=&(
&4'/6 %onths 7#678.5/ &8#948.08 3$!$$=$#
1&'&4 %onths &#684.84 18#77&.45 #!&5"='
Total #(!3$3=3" 5"!%5$=$5 $%!(=(
Current maturit*
upto # months 55!((5=' ##!&#&=(# $$!&#'=3(
(:s. in !acs)
$%!(=( $$!&#%=%
5= Lon> Term Borro)in>S (Contd=)
>= Term =on from finncil in-titutionDcorporte- E .ecure+
as at march 3#! (#&
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
/6'48 %onths
11-10H
&0 insta!!%ents of ;arter!"
freLuen+y
&7#500.00 10*000-00
&4'/6 %onths
10.504
11 insta!!%ents of ;arter!"
freLuen+y
33*200-00 16#800.00
1&'&4 %onths
11-00H
10 insta!!%ents of ;arter!"
freLuen+y
5#000.00 12*000-00
Total $5!"((=(( 3%!%((=((
nature o. securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets
re!atin+ to h"pothecation !oans.
as at march 3#! (#3
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the 2a!ance >heet)
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
11-10H
&0 insta!!%ents of ;arter!"
freLuen+y
/7#500.00 10*000-00
&4'/6 %onths
11-00H
11 insta!!%ents of ;arter!"
freLuen+y
17#000.00 12*000-00
;pto 12 months 9.&54 2!!et ' 5#000.00
Total 5&!5((=(( "!(((=((
nature o. securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets
re!atin+ to h"pothecation !oans.
(:s. in !acs)
Total Long,term 0orro)ings
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current
portion
Current
maturities
Se+ured ,orro%ings 1#675#/41.94 854#7/8.98 1#4/&#6&4.99 60&#549.97
;nse+ured ,orro%ings 595#866.95 167#9&/.40 47&#679.87 177#695./6
Total Long,term 0orro)ings !"#!(%=%' #!(!$$=3% #!'(5!3(&=%$ "%(!&5=33
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
$= oTher LiaBiLiTieS
Crrent %atrities of !on+ ter% de$ts R:efer Note 5S ' 1#0&&#66&./8 ' 780#&45.//
Interest accred $t not de on !oans 48#797.04 100#14&.54 57#150./4 79#670.09
<pp!ication %one" on redee%a$!e non con)erti$!e
de,entures
' ' &#109.76 '
<pp!ication %one" on s$ordinated de$ts ' ' /11.59 '
In)estor edcation and protection fnd sha!! $e credited
$" the fo!!o*in+ a%onts (as and *hen de)
' ?nc!ai%ed di)idend ' 77/.97 ' 6&9.&&
' ?nc!ai%ed %atred deposits and interest accred
thereon
' 4#496.&6 ' 1#&46.86
' ?nc!ai%ed %atred de$entres and interest accred
thereon
' 6#/&4.6& ' 5#40&.65
' ?nc!ai%ed %atred s$ordinate de$ts and interest
a++rued thereon
' 6#&95.16 ' /#75&./8
Te%porar" credit $a!ance in $an, acconts ' /#614.54 ' 7&#/68.0/
Ta( dedcted at sorce ' 1#66&.07 ' 1#411.&6
>er)ice ta( pa"a$!e ' ' ' 5.09
>tattor" des pertainin+ to e%p!o"ees ' /40.68 ' &80.&5
0a!e added ta( ' 412-34 ' 412-34
Kor,s contract ta( pa"a$!e ' 1.17 ' '
?nrea!ised +ain on secrtisationP /5#84&.1/ 78#&70.16 57#40/.45 1/0#594.91
Pa"a$!e to s$sidiar" co%pan" WX ' 6/&.74 ' 175.1&
:etention and others 14#059.78 ' 1&#788.89 '
Total '%!$'%='5 #!5!$%=$3 #'!"$&=(3 #!("$!#'3=53
P Inc!des rea!ised +ain on pre%i% strctre secriti-ation G assi+n%ent dea!s a%ontin+ to :s. 155./1 !acs (9arch /1#
&01/M :s. /#455.7/ !acs) ' <!so refer note &.1 (i) (i)).
W Pa"a$!e to s$sidiar" co%pan" 9Gs. >hrira% 1;ip%ent 3inance Co%pan" Li%ited :s. Ni! (9arch /1# &01/M :s.
175.1& !acs)
X Pa"a$!e to s$sidiar" co%pan" 9Gs. >hrira% <to%a!! India Li%ited :s. 6/&.74 !acs (9arch /1# &01/M :s. Ni!)
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
"= pro?iSionS
)or emplo6ee 9enefit-
For gratuity ' 44.96 1#6&4./9 1/5.67
3or !ea)e encash%ent and a)ai!%ent ' 1#555.75 ' 1#/61.96
<or others
3or non'perfor%in+ assets 114#759.11 ' 79#77&.55 '
3or standard assets R :efer note (e) of note &.1S 5#044.61 /#98&.70 4#474.&/ /#&91.65
3or credit !oss on secritisation 7#/70./6 ' &7#597./7 '
3or ser)ice ta(' contested ' 8#79/.99 ' 8#778.18
3or inco%e ta( ' 4#/60.64 ' 4#/60.64
Rnet of ad)ance ta( :s. 166#9&0.1& !acs (9arch /1#
&01/M :s. 166#9&0.1& !acs)S
4roposed di"idend ' 9#075./1 ' 9#074.56
Corporate di)idend ta( ' 1#54&./5 ' 1#54&.&/
Total #"!#"&=(% '!355="( ##3!&$%=5& %!5&&=%'
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
%= ShorT Term Borro)in>S
Secured
:edee%a$!e non con)erti$!e de$entres 41*000-00 69#750.00
Ter% !oans
i) 3ro% $an,s 194#799.86 18/#800.00
ii) 3ro% financia! instittions G corporates 10*000-00 '
Loans repa*a0le on demand (Secured)
Cash +redit /5#&1/./4 98#108.&0
unsecured
?nsecred redee%a$!e de$entre ' &5#000.00
Inter corporate deposits fro% s$sidiar" ' 975.00
Ter% !oan fro% $an,s 2*200-00 '
Co%%ercia! papers fro% other than $an,s 16#000.00 /7#500.00
LessM na%orti-ed discont (6&/.41) (446.&6)
15#/76.59 /7#05/.74
Total '%!5%'="' &#&!$%$='&
a= non,converti0le de0enture (nCd),Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par (fro% the date of the 2a!ance >heet)
rate o. interest
GH#(8 F#8J Total
amount amount
upto # months &(!(((=(( &(!(((=((
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no
rate o. interest amount
PutD4ll option +te
1 10.954 30*000-00 &6'>ep'14
2 10.7&4 7#500.00 &4'>ep'14
3 10.7&4 &#500.00 &4'>ep'14
Total &(!(((=((
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par (fro% the date of the 2a!ance >heet)
rate o. interest
F #(8 Total
amount amount
upto # months $'!"5(=(( $'!"5(=((
%= ShorT Term Borro)in>S (Contd=)
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of i%%o)a$!e propert".
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s and
+onditions as may ,e de+ided ,y the Company-
(ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par (fro% the date of the 2a!ance >heet)
rate o. interest
GH #(8 F #8EJ Total
amount amount
upto # months
#!(((=(( #!(((=((
PPart!" paid to the e(tent of :s. 1#00#000G'
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1 10.504 1*000-00 19'<+'14
Total #!(((=((
Terms o. repa*ment as on march 3#! (#3
NCB otstandin+ is :s. Ni!
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of i%%o)a$!e propert".
Be$entres %a" $e $o+ht $ac, s$.ect to app!ica$!e stattor" andGor re+!ator" re;ire%ents# pon the ter%s and
+onditions as may ,e de+ided ,y the Company-
0= Term loans .rom 0an- , Secured
Terms o. repa*ment
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 10.00 4 to 11.&54 2!!et 194#799.86
Total #'&!"''=%$
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed crrent assets
re!atin+ to h"pothecation !oans
Terms o. repa*ment
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as at march 3#! (#3
;pto 12 months 9.90 4 to 10./54 2!!et 18/#800.00
Total #%3!%((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed G crrent assets
re!atin+ to h"pothecation !oans
Cash Credit .rom 0an- as at march 3#! (#& as at march 3#! (#3
>ecred $" h"pothecation of specific assets co)ered nder
h"pothecation !oan a+ree%ents
/5#&1/./4 98#108.&0
Total 35!#3=3& '%!#(%=(
%= ShorT Term Borro)in>S (Contd=)
c= Term lon- from finncil in-titution E.ecure+
Terms o. repa*ment
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 10.&54 2!!et 10*000-00
Total #(!(((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets
re!atin+ to h"pothecation !oans.
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
d= Term loans .rom 0an- ,unsecured
Terms o. repa*ment
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months
10-00H 2!!et 2*200-00
Total !((=((
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
e= redeema0le non,converti0le de0entures (nCd), unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par
(fro% the date of the 2a!ance >heet)
rate o. interest
F #(8 GH#(8 F#8 Total
amount amount amount
;pto 12 months &5#000.00 ' &5#000.00
Total 5!(((=(( , 5!(((=((
(:s. in !acs)
.=
%= ShorT Term Borro)in>S (Contd=)
g= Commercial paper
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as on march 3#! (#&
upto # months #(=( 8 to #(=35 8 Bullet #$!(((=((
note
1) The a%ont of co%%ercia! paper is disc!osed at +ross )a!e. The a%ont of na%ortised discont on co%%ercia!
paper is :s. 6&/.41 !acs.
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as on march 3#! (#3
upto # months %='$ 8 to '='( 8 Bullet 3"!5((=((
note
1.) The a%ont of co%%ercia! paper is disc!osed at +ross )a!e. The a%ont of na%ortised discont on
co%%ercia! paper is :s. 446.&6 !acs.
&.) The Co%pan" has $o+ht $ac, co%%ercia! paper of :s. &5#000.00 !acs on 3e$rar" 11# &01/.
h= inter corporate deposits .rom su0sidiar*
Inter corporate deposits fro% s$sidiar" is :s. Ni! as on 9arch /1# &014
(:s. in !acs)
Tenure
(fro% the date of the 2a!ance >heet) rate o. interest repa*ment details as on march 3#! (#3
upto # months ##=((8 Bullet '"5=((
(:s. in !acs)
Total Short,term 0orro)ings as at march 3#! (#& as at march 3#! (#3
Se+ured ,orro%ings
&81#01/.&0 /51#658.&0
;nse+ured ,orro%ings 17#576.59 6/#0&8.74
Total Short,term 0orro)ings '%!5%'="' &#&!$%$='&
particulars
Tngi9le fi!e+ --et- intangi0le assets
Land ,
.reehold Buildings
plant and
e/uipment
1ffice
e/uipment
<urniture
n+ fi!ture- ?ehicles
Leasehold
improvement
Total tangi0le
fi!e+ --et-
Computer
so.t)are
'=
<iCed aSSeTS
>ross 0loc-
as at april #! (# #(=#% 5$=(3 3!"%%=(% #%"=" #!5#=(# #&="' 3!'#"=$& '!%3=&5 "%'=&$
<dditions 0.58 ' &#&&0.&8 48.7& 415.07 ' 1#/&4.56 &!(('=# #'$=%&
Be!etions ' ' /06.01 16.54 7&.94 60.5& /60./6 %#$=3" ,
<d.st%ent ' ' ' ' ' ' ' , ,
as at march 3#! (#3 #(="$ 5$=(3 5!"(=35 #'='( #!5'3=#& %=" &!%%#=%& #3!(#$=' '%$=3(
<dditions /./9 ' &#8/4.05 91.68 744.5& 0-10 /#417./4 "!('#=(% %'=##
Be!etions ' 1/8.48 &71.85 1&.77 116.&8 4-22 481.8/ #!(5=&3 ,
<d.st%ent ' ' ' ' ' ' ' , ,
as at march 3#! (#& #&=#5 3%"=55 %!$&=55 '%=%# !#=3% "%=#5 "!%#"=35 #'!(%#='& #!("5=&#
depreciation
as at april #! (# , ##'=$ !#"&=$3 ''=&& $&"=&# '="& 3!($5=" $!#'%="5 $&3='
Charge for the year ' 8.58 7//./4 &6./7 /00.58 5.71 591.75 #!$$$=33 #$&=&5
Be!etions ' ' &50.45 7.97 5/.85 /0.6& //&.58 $"5=&" ,
<d.st%ent ' ' ' ' ' ' ' , ,
as at march 3#! (#3 , #"=%& !$5"=5 ##"=%& %'&=#& $"=%3 3!3&=&& "!#%'=$# %("="&
Charge for the year ' 7.// 1#118.14 4/./7 51&.19 4.57 1#1&&.68 !%(%=% #(3=#%
Be!etions ' 41.48 &16.99 8.&9 85.41 4-01 461.55 %#"="3 ,
<d.st%ent ' ' ' ' ' ' ' , ,
as at march 3#! (#& , '3=$' 3!55%=$" #5=' #!3(=' $%=3' 3!'%5=5" '!#%(=#$ '#(='
net 0loc-
as at march 3#! (#3 #(="$ 3'%=#' 3!(&&=%3 #(=($ $''=(( #&=&& #!55"=&( 5!%$="( #"%=5$
as at march 3#! (#& #&=#5 '3=%$ &!"(5=%% #&5=%' '((=&$ '="$ 3!%3#="% '!'(#="% #$&=&'
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depreCiaTion and amorTiSaTion
(:s. in !acs)
(:s. in !acs)
*ear ended
march 3#! (#& march 3#! (#3
on tan+i$!e assets &#808.&8 1#666.//
on intan+i$!e assets 10/.18 164.45
on in"esment property 2-33 2-31
Total !'#3="' #!%33=('
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
#5
<nna! :eport &01/'14 STandaLone aCCounTS
(:s. in !acs)
Auantit* amount Auantit* amount
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#(= non,CurrenT in?eSTmenTS
(:s. in !acs)
non,current investments
as at
march 3#!
(#&
as at
march 3#!
(#3
# In)est%ent propert" (net of depreciation) 197.47 199.78
Non trade M
a= a) In)est%ent in 1;it" shares';oted ' 240-00
a= 0) In)est%ent in 1;it" shares'n;oted 4#065.00 4#&07.51
a= c) In)est%ent in Preference shares &5#000.00 &5#100.00
B= In)est%ent in Ao)ern%ent secrities //#089.48 &/#778.56
C= In)est%ent in >$ordinated de$ts 5#000.00 5#000.00
d= In)est%ent in 0entre capita! fnd 1#45/.04 87/.15
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (&5.00) (167.50)
Total $%!""'='' 5'!3#=5(
particulars
#= investment propert*
(at cost !ess acc%!ated depreciation)
Cost of !and and $i!din+ +i)en on
operatin+ !ease
&11.66 &11.66
LessM acc%!ated depreciation 14.19 11.88
net Bloc- #'"=&" #''="%
= non trade
()a!ed at cost n!ess stated other*ise)
a= Shares 5 <ull* paid up
a) Auoted , e/uit* shares
investment in associates
>hrira% <sset 9ana+e%ent
Co%pan" Li%ited (404 >hare) W
10 ' ' 2*400*000 240-00
0) un/uoted , e/uit* shares
investment in )holl* o)ned
su0sidiaries
>hrira% 1;ip%ent 3inance
Company Limited T
10 10*000*000 1*000-00 10*000*000 1*000-00
>hrira% <to%a!! India Li%ited 10 30*000*000 3*000-00 30*000*000 3*000-00
>hrira% Insrance 2ro,in+ Co%pan"
Li%ited R:efer Note &9S
10 ' ' 60 0-01
9Company %inded up during the year:
investment in other companies
>tate Indstria! In)est%ent
Corporation of 7aharashtra Limited
10 50#000 40-00 50#000 40-00
Credentia! 3inance Li%ited
R<t cost !ess pro)ision for other than
te%porar" di%intion in )a!e of
:s. &5.00 !acs (9arch /1# &01/M
:s. &5.00 !acs)S
10 &5#000 ' &5#000 '
(:s. in !acs)
Auantit* amount Auantit* amount
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#(= non,CurrenT in?eSTmenTS (Contd=)
<sh!e" Transport >er)ices Li%ited
(Co%pan" disso!)ed drin+ the "ear)
R<t cost !ess pro)ision for other than
te%porar" di%intion in )a!e of :s.
Ni! (9arch /1# &01/M :s. 14&.50 !acs)S
100 ' ' &&5#000 '
c) un/uoted , pre.erence shares
investment in )holl* o)ned
su0sidiaries
>hira% 1;ip%ent 3inance Co%pan"
Limited
100 &5#000#000 &5#000.00 &5#000#000 &5#000.00
investment in associates
>hrira% <sset 9ana+e%ent
Co%pan" Li%ited (>o!d 100#000
shares of :s. 100G' each
during the year:
100 ' ' 100*000 100-00
B= Auoted,>overnment Securities Kre.er note "L
177.57
&#/65.79
49&.1/
4#754.74
/95.77
&#494.5/
&#50&.58
497.06
&#484./&
4#870.&4
&#74/.8/
'
'
5#000.00
87/.15
5'!3#=5(
&4#018.57
&4#681.&6
/5#180.65
Auoted
6.1/4 A7I Loan &0&8 100 176#000 177.47 176#000
6./54 A7I Loan &0&0 100 &#500#000 &#/85.64 &#500#000
6.494 A7I Loan &015 100 500#000 495.7/ 500#000
6.904 A7I Loan &019 100 5#000#000 4#79/.75 5#000#000
7.0&4 A7I Loan &016 100 400*000 /97.0& 400*000
7.804 A7I Loan &0&0 100 &#500#000 &#495./0 &#500#000
8.1/4 A7I Loan &0&& 100 &#500#000 &#50&./1 &#500#000
8.&44 A7I Loan &0&7 100 500#000 497.&8 500#000
8.&64 A7I Loan &0&7 100 &#500#000 &#454.90 &#500#000
8.&64 A7I Loan &0&7 100 5#000#000 4#909.80 5#000#000
8.974 A7I Loan &0/0 100 &#500#000 &#668.// &#500#000
8.//4 A7I Loan &0&6
94ur+hased during the year:
100 &#500#000 2*331-34 '
8.&84 A7I !oan &0&7
94ur+hased during the year:
100 5#000#000 6#980.61 '
C=
un/uoted , investment in
Su0ordinate de0ts
Fes 2an, Li%ited 1*000*000 500 5#000.00 500
d= un/uoted, ?enture Capital <und
ICICI In)est%ent
7anagement Company Limited
10*000 14#5/0 1#45/.04 8#7/1
Total $%!""'=''
aggregate ?alue o. Auoted investments
Cost of a+Luisition //#089.48
9ar,et 0a!e &9#4/0.&1
aggregate ?alue o. un/uoted investments
Cost of a+Luisition /5#518.04
aggregate provision .or diminution in
value o. investments
&5.00 167.50
W These shares are s$.ect to restricti)e co)enants of re+!ator" athorit".
Y /#000#000 shares ha)e $een p!ed+ed a+ainst !oan a)ai!ed $" s$sidiar" fro% 2an,.
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
##= de<erred TaC aSSeTS (neT)
,eferre+ t! --et
3i(ed assetM I%pact of difference $et*een ta( depreciation and
depreciation Ga%orti-ation char+ed for financia! reportin+ period
547.80 433-13
I%pact of e(penditre char+ed to the state%ent of profit and !oss in
the crrent "ear $t a!!o*ed for ta( prpose on pa"%ent $asis
4#440.61 4#1&8.59
Pro)ision for secriti-ation 18#&40.09 &&#110.15
4ro"ision for standard assets /#068./8 &#519.64
>ro-- +eferre+ t! --et- ($) $!'$=%% '!#'#=5#
,eferre+ t! li9ilit6
Be$entre Isse 1(penses 1#180.65 808.71
>ro-- +eferre+ t! li9ilit6 (B) #!#%(=$5 %(%="#
%et +eferre+ t! --et- ($EB) 5!##$=3 %!3%=%(
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS
unsecured! considered good
Capita! <d)ances 148.6/ ' 610.68 '
Se+urity 8eposits /#077.40 8&7.0/ &#075.85 1#095.16
Secured! considered good
C"pothecation !oans 1#94/#/&6.59 1#44&#774.55 1#74/#7/8.16 1#&06#60/.6&
:etained interest on secritisation 41#178.54 40#768.00 /1#17&.67 &1#17&.94
7ther !oans 10.19 /0.05 8&.80 /9.97
>ecrtisation deferred consideration recei)a$!e /7#1/9.46 79#9/7./7 54#6/6.1/ 1/0#077./4
unsecured! considered good
?nsecred !oansU 1&#9&8.4& 10&#1//./9 9#68&.50 84#/15.&1
<d)ance ' h"pothecation !oans 1#007.45 ' 1#87/.60 '
Be$tors on secritisation Rnet of de!i;enc" pro)ision
:s. 46#&9&.75 !acs (9arch /1# &01/M :s. /7#541.&7
!acs)S
' /4.09 ' 1#189.05
unsecured! considered good
<d)ance reco)era$!e fro% s$sidiaries
R :efer note &8SPX
14#15&.06 189.96 ' 4/8.50
dou0t.ul
>ecred h"pothecation !oans 1/9#&11.07 ' 94#/77.74 '
7ther !oans /50.64 ' 615./& '
?nsecred !oan 5#45&.50 ' /#175.// '
<d)ances reco)era$!e in cash or in ,ind or for )a!e
to ,e re+ei"ed
/6.14 ' /6.14 '
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS (Contd=)
other loans and advances ,unsecured!
considered good
<d)ances reco)era$!e in cash or in ,ind or for )a!e
to ,e re+ei"ed
/#/&7.54 9#095.98 97/.7& &#898.66
>er)ice ta( credit (inpt) recei)a$!e ' &#/08.6& ' 75&.4/
Prepaid e(penses 155.&6 81/.&8 /6&.1/ 901.41
<d)ance inco%e ta( (net of pro)ision for ta(ation)
R:efer Note //S
8#405.89 ' 4#940.91 '
Rnet of pro)ision for inco%e ta( :s. &/7#687.55 !acs
(9arch /1# &01/M :s. 18&#570.6/ !acs)S
Total !('!'("="% #!$"%!'#=3 #!'&%!353=$% #!&&'!&%&='
W Inc!des crrent %atrities of !on+ ter% !oans and ad)ances
U <d)ance +i)en to the co%pan" in *hich a director is interested :s. Ni! (9arch /1# &01/M :s. 1/6.&9 !acs)
P <d)ance +i)en to s$sidiar" 9Gs. >hrira% 1;ip%ent 3inance Co%pan" Li%ited :s. 14#/4&.0& !acs
(9arch /1# &01/M :s. /19.67 !acs)
X <d)ance +i)en to s$sidiar" 9Gs. >hrira% <to%a!! India Li%ited :s. Ni! (9arch /1# &01/M :s. 118.8/ !acs )
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#3= oTher aSSeTS
unsecured! considered good
3i(ed deposits *ith $an,s (Note 15) 0.50 ' ' '
9ar+in %one" deposit *ith $an,s (Note 15) 6#/74.05 ' 14#&17.60 '
Interest accred on in)est%ents ' 1#0&9.&9 ' 1#148.&0
Interest accred on fi(ed deposits *ith $an,s /7&.08 5#/0&.51 505.4/ 5#/&/.66
P$!ic isse e(penses for non con)erti$!e de$entres 1#957.4& 1#516.10 1*401-11 1#091.46
Isse e(penses for e;it" shares 7/8.45 15&.77 891.&& 15&.77
Total '!&&=5( %!(((=$" #"!(#5=3$ "!"#$=('
particulars
Current portion o. long term investments
()a!ed at cost n!ess other*ise %entioned)
a) Auoted5 >overnment Securities
R:efer note &7S
1&.404 A7I Loan &01/
This secrit" is redee%a$!e on <+st &0#
2013 at par
Current investments
(<t !o*er of cost and fair )a!e)
<ace
value
(rs=)
Auantit* amount Auantit* amount
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
100 ' ' 85#000 85.0/
Jn:uote+7 *n'e-tment in 4ertificte of
deposit )ith Ban-s
<!!aha$ad 2an, 20*000 19#587.4& ' '
<ndhra 2an, 30*000 &9#458.76 20*000 18#4/6.&0
R<t cost !ess pro)ision for di%intion in )a!e of :s.
9./9 !acs (9arch /1# &01/M :s. Ni!) S
<(is 2an, ' ' 30*000 &9#&&9./6
2an, of 2aroda &#500 &#45&.54 &#500 &#/09.57
R<t cost !ess pro)ision for di%intion in )a!e of :s.
0.01 !acs (9arch /1# &01/M :s. Ni!) S
2an, of India ' ' &#500 &#44&.49
Canara 2an, ' ' 20*000 19#584.48
Centra! 2an, of India 10*000 9#896.90 20*000 19#564.4&
3edera! 2an, Li%ited ' ' 10*000 9#8/7.48
CB3C 2an, Li%ited ' ' 5#000 4#900.71
ICICI 2an, Li%ited ' ' 20*000 19#708.4&
Indstria! Be)e!op%ent 2an, of India Li%ited &5#000 &4#556.87 20*000 19#58/.6&
R<t cost !ess pro)ision for di%intion in )a!e of
:s. 7.41 !acs (9arch /1# &01/M :s. Ni!) S
Indian 2an, ' ' 20*000 19#&05.8&
Indsind 2an, Li%ited 10*000 9#797.95 20*000 19#56/.69
8arr 0"s"a 2an, ' ' 20*000 19#590.16
Pn.a$ Nationa! 2an, ' ' 11*000 10#818.19
>oth Indian 2an, 30*000 &9#//0.&7 ' '
>tate 2an, of 2i,aner J Iaipr ' ' 5#000 4#91/.45
>"ndicate 2an, 20*000 19#670.98 20*000 19#1/0.18
(:s. in !acs)
as at
march 3#!
(#&
as at
march 3#!
(#3
#&= CurrenT in?eSTmenTS
# In)est%ent in Ao)ern%ent secrities ' 85.0/
a) In)est%ent in Certificate of deposit *ith $an,s &0/#561.74 &97#574.60
0) In)est%ent in 9ta! fnd 201-40 '
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (16.81) '
Total (3!"&$=33 '"!$5'=$3
(:s. in !acs)
#=
=
a)
(:s. in !acs)
Auantit* amount Auantit* amount
particulars
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
?C7 2an, 30*000 &9#/01.// ' '
?nion 2an, of India 20*000 19#670.98 ' '
?nited 2an, of India ' ' 40*000 /9#1/5.10
0i.a"a 2an, 10*000 9#8&0.9/ 20*000 19#6&1.&6
0) Auoted5 investment in mutual <und
>hrira% 1;it" J Be$t 7pportnities 3nd
8ire+t
10 2*000*000 200-00 ' '
BK> Insta Cash P!s 3nd ' Birect P!an
' Aro*th
10 840.// 1-40 ' '
Total (3!"&$=33 '"!$5'=$3
aggregate ?alue o. Auoted investments
Cost of a+Luisition 201-40 85.0/
9ar,et 0a!e 213-32 87./1
aggregate ?alue o. un/uoted investments
Cost of a+Luisition &0/#544.9/ &97#574.59
aggregate provision .or diminution
in value o. investments
16.81 '
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#5= CaSh and Ban- BaLanCeS
Cash and cash e/uivalents
i: 2a!ances *ith sched!ed $an,s inM
Current a++ounts ' 184#449.84 ' /74#/5&.4&
;npaid di"idend a++ounts ' 77/.96 ' 6&9.&&
Beposits *ith ori+ina! %atrit" of !ess than three
months
' &60#596.00 ' 57#5/7.00
ii: CheLues on hand ' 1#976.67 ' 4#997.&8
iii: Cash on hand ' 1/#587.88 ' 9#478.19
i": Ca!! 9one" (C2L7) ' 69#88&.5/ ' '
, 53#!$$=%% , &&$!''&=##
other 0an- 0alances
Beposits *ith ori+ina! %atrit" for %ore than 1&
months
0.50 &90.80 ' &90.80
Beposits *ith ori+ina! %atrit" for %ore than /
%onths $t !ess than 1& %onths
' /1#878.40 ' &4#7/5.&4
9ar+in %one" depositW 6#/74.05 145#161.68 14#&17.60 159#91&.75
$!3"&=55 #""!33(=%% #&!#"=$( #%&!'3%="'
amount disclosed under non,current assets
R:efer Note 1/S
($!3"&=55) (#&!#"=$()
Total , "(%!5'"="$ , $3#!'3='(
W Inc!des deposits of :s. 1/9#9/5.51 !acs (9arch /1# &01/ M :s. 151#89/.09 !acs) p!ed+ed *ith 2an,s as %ar+in for credit
enchance%ent# :s. 11#194.65 !acs (9arch /1# &01/M :s. &1#995.05 !acs) as %ar+in for +arantees and :s. 405.57 !acs
(9arch /1# &01/M :s. &4&.&& !acs) p!ed+ed as !ien a+ainst !oans ta,en.
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#$= re?enue <rom operaTionS
interest income on
' !oan portfo!io and re!ated char+es 58/#81&.47 4/&#7&6.05
' secritisation and direct assi+n%ent 85#/7&./6 175#165.&1
' %ar+in %one" on secritisationG assi+n%ents 1/#/54.78 1&#819.&&
' pass thro+h certificatesP 48#/04.69 1&#066.44
' deposits *ith $an,s 6#4&1.74 1#576./9
' !on+' ter% in)est%ents &#7&5.87 &#&01.9&
' crrent in)est%ents &#864.01 /#008./5
1t2er finncil -er'ice-
:e)ersa! of pro)ision for credit !oss on secritisation 11#475.54 '
Inco%e fro% portfo!io %ana+e%ent ser)ices 85.67 &69.8&
Inco%e fro% co%%ission ser)ices /#617.4& 1#511.05
$ad de,t re+o"ery 474.08 57&.//
Bi)idend on !on+' ter% in)est%ents Rinc!des di)idend fro%
s$sidiar" :s. &.50 !acs (9arch /1# &01/M :s. &.50 !acs)S
3-00 3-00
8i"idend on +urrent in"estments ' 120-12
Profit on sa!e of !on+ ter% in)est%ents (net) 134-40 '
Profit on sa!e of crrent in)est%ents (net) &9#/6/.67 1/#77/.5&
Total "%%!(('="( $55!%#3=&
P inc!des :s 16#501.&/ !acs (9arch /1# &01/M :s. Ni!) of inco%e on pass thro+h certificates *here distri$tion ta( has
$een dedcted $" the trstees as per section 115T< of Inco%e Ta( <ct.
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#"= oTher inCome
Inco%e fro% operatin+ !ease 10-14 9.94
Profit on sa!e of assets (net) /08.&1 '
9isce!!aneos inco%e 497.86 5/5.6/
Total %#$=# 5&5=5"
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#%= empLo*ee Bene<iT eCpenSeS
>a!aries# other a!!o*ances and $ons /7#485.00 /5#947.1&
Aratit" e(penses &07.0/ 540.08
Contri,ution to pro"ident and other funds &#079.94 1#688.0&
1(pense on 1%p!o"ee >toc, 7ption >che%ePP 0.90 (86.69)
>taff *e!fare e(penses 1*113-10 801.67
Total &(!%%5='" 3%!%'(=(
PP Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to forfeitre of options +ranted to e%p!o"ees in the past a!on+
*ith option !apse on accont of e%p!o"ee resi+nation a+ainst *hich 1>7P e(pense *ere d!" $oo,ed in the past o)er the
"esting period of su+h options-
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#'= <inanCe CoST
*ntere-t e!pen-e
8e,entures 157#8/4.99 115#9/9.70
Su,ordinated de,ts 49#898./6 4&#61/.4&
3i(ed deposits 18#404.&/ 1/#5&0.&9
Loans fro% $an,s 1&6#487.99 8/#/08.85
Loans from institutions and others 9#9/9.64 4#950.7&
Co%%ercia! paper 1#647.01 4#866.&&
other 0orro)ing costs
Professiona! char+es ' resorce %o$i!isation 9#&/9.80 5#&8/.74
Processin+ char+es on !oans 1#045.75 1#166.//
2ro,era+e 1&#&70.88 9#997./&
Sour+ing fees 716.59 6&0./9
Ser"i+e +harges 4#&99.56 /#710./5
<%ortisation of NCB p$!ic isse e(penses 1#467.06 1#578.01
Total 3'3!5#=%$ %"!555=3&
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
(= oTher eCpenSeS
:ent 7#/70.68 6#4/0.4/
1!ectricit" e(penses 9/0.76 715.57
:epairs J %aintenance
' 2i!din+s 0.&9 1.68
' 7thers 890.&6 91&.01
:ates J ta(es 168.&7 /61.50
Printin+ J stationer" 1#/50.57 1#8&1.41
Tra)e!!in+ J con)e"ance 10#44&.15 &#8/6.&&
<d)ertise%ent 156.&7 578.00
$usiness promotion &#486.0& 940./4
:o"a!t" &#09/.94 1#780.99
8ire+torsV sitting fees 10.9/ 7.49
Insrance /9.4/ 20-23
Co%%nication e(penses 4#074.&0 &#56&.04
Pa"%ent to aditor R :efer Note /&S
<s <ditorM
' <dit fees 1&&.64 1&6.&5
' Ta( adit fees 6.90 7.&1
' 7t of poc,et 4.60 6.10
In an" other %annerM
' Certification 2-34 1.79
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
(= oTher eCpenSeS (Contd=)
2an, char+es /#049.&9 /#&67.86
Processin+ char+es on secriti-ation 5./1 5./1
Professiona! char+es on secriti-ation 5#709.05 6#656.&&
Le+a! J professiona! char+es &#7&4.68 &#060.&7
8onations 477.&5 499.50
Loss on sa!e of fi(ed assets (net) ' 47.11
Isse e(penses for e;it" shares 15&.78 15&.78
Ser"i+e +harges /#9/7.95 /#517.01
9isce!!aneos e(penses 7#88/.78 6#061./4
Total 5&!('(=3& &#!3"$=$$
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#= pro?iSionS : )riTe o<<S
4ro"ision for non performing assets /4#06&.10 18#004.49
Pro)ision for standard assets R :efer note (e) of note &.1S 1#&61.4/ &#&76.04
Pro)ision for credit !oss on secritisation ' 17#617.4/
Pro)ision for di%intion in )a!e of in)est%entsP 16.81 (178.66)
$ad de,ts %ritten off 79#5/9./5 47#/65.&9
Total ##&!%"'=$' %5!(%&=5'
P Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to pro)ision for di%intion in )a!e of in)est%ents $oo,ed on
crrent in)est%ents drin+ pre)ios "ear ended 9arch /1# &01& *ritten $ac, on sa!e in the "ear ended 9arch /1# &01/.
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
= earnin>S per Share
Net Profit after ta( as per state%ent of profit and !oss
(:s. in !acs) (<)
1&6#4&0.77 1/6#06&.01
Kei+hted a)era+e n%$er of e;it" shares for ca!c!atin+
$asic 1P> (in !acs) (2)
&#&68.76 &#&68./&
Kei+hted a)era+e n%$er of e;it" shares for ca!c!atin+
di!ted 1P> (in !acs) (C)
&#&68.76 &#&68.50
2asic earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (2)
55.7& 59.98
Bi!ted earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (C)
55.7& 59.98
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
Kei+hted a)era+e n%$er of e;it" shares for ca!c!atin+ $asic
1P> (in !acs)
&#&68.76 &#&68./&
<dd M 1;it" shares for no consideration arisin+ on +rant of stoc,
options nder 1>7P (in !acs)
' 0.18
Kei+hted a)era+e n%$er of e;it" shares in ca!c!atin+ di!ted
1P> (in !acs)
&#&68.76 &#&68.50
3= >raTuiT* and oTher poST,empLo*menT Bene<iT pLanS
The Co%pan" has an defined $enefit +ratit" p!an. 1)er" e%p!o"ee *ho has co%p!eted fi)e "ears or %ore of ser)ice is
e!i+i$!e for a +ratit" on separation at 15 da"s $asic sa!ar" (!ast dra*n sa!ar") for each co%p!eted "ear of ser)ice. The
sche%e is fnded *ith an insrance co%pan" in the for% of ;a!if"in+ insrance po!ic".
Brin+ the "ear the co%pan" has fnded :s. 1#849.88 !acs for +ratit" $ein+ defined $enefit o$!i+ation otstandin+ as on
Septem,er 30* 2013-
Conse;ent to the adoption of re)ised <> 15 H1%p!o"ee 2enefits@ issed nder Co%panies <ccontin+ >tandard :!es#
&006# as a%ended# the fo!!o*in+ disc!osres ha)e $een %ade as re;ired $" the standardM
.ttement of Profit n+ =o--
Net e%p!o"ee $enefit e(pense (reco+ni-ed in e%p!o"ee cost)
(:s. in !acs)
particulars
>ratuit*
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Current ser"i+e +ost /09.4& &65.80
Interest cost on $enefit o$!i+ation 140.81 116.01
1(pected retrn on p!an assets Ni! Not app!ica$!e
Net actaria! (+ain) G !oss reco+nised in the "ear 9243-20: 158.&7
4ast ser"i+e +ost Ni! Ni!
%et 9enefit e!pen-eK ("=(3 5&(=(%
<cta! retrn on p!an assets 46.75 Not app!ica$!e
(:s. in !acs)
K %et 9enefit e!pen-e inclu+e-
>ratuit*
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
transferred from su,sidiary +ompany 10.9/ 10.84
transferred to su,sidiary +ompany (/.&9) (&9.01)
transferred from other +ompany 0-10 Ni!
transferred to other +ompany Ni! (17.&4)
Balance sheet
2enefit assetG(!ia$i!it")
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
Present )a!e of defined $enefit o$!i+ation 1#941.59 1#760.07
3air )a!e of p!an assets 1#896.6/ Not app!ica$!e
>rp!sG(deficit) (44.96) (1#760.07)
LessM ?nreco+nised past ser)ice cost Ni! Ni!
Pln --et D (li9ilit6)K (&&='$) (#!"$(=(")
P Bisc!osed nder Note 7 ' Pro)isions
42nge- in t2e pre-ent 'lue of t2e +efine+ 9enefit o9ligtion re - follow-7
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
7penin+ defined $enefit o$!i+ation 1#760.07 1#/64.76
Interest cost 140.81 116.00
Current ser"i+e +ost /09.4& &65.80
2enefits paid (7&.&6) (144.76)
<ctaria! (+ains) G !osses on o$!i+ation (196.45) 158.&7
4lo-ing +efine+ 9enefit o9ligtion #!'&#=5' #!"$(=("
particulars
march
3#! (#&
march march march march
3#! (#3 3#! (# 3#! (## 3#! (#(
Befined $enefit o$!i+ation 1#941.59 1#760.07 1#/64.76 90/.67 61&.6/
P!an assets 1#896.6/ N< N< N< N<
>rp!s G (deficit) (44.96) (1#760.07) (1#/64.76) (90/.67) (61&.6/)
1(perience ad.st%ents on p!an !ia$i!ities
(+ains)G!osses
56.98 7&.75 //8.86 74.98 55.56
1(perience ad.st%ents on p!an assets
(!osses)G+ains
46.75
Changes in the .air value o. the plan assets are as .ollo)s5
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
7penin+ fair )a!e of p!an assets Ni! Not app!ica$!e
1(pected retrn Ni! Not app!ica$!e
Contri$tions $" e%p!o"er 1#849.88 Not app!ica$!e
2enefits paid Ni! Not app!ica$!e
<ctaria! +ains G( !osses) 46.75 Not app!ica$!e
Closing .air value o. plan assets #!%'$=$3 not applica0le
The Co%pan" did not contri$te an" a%ont to +ratit" in &01&'1/ as the sche%e *as nfnded.
The Co%pan" e(pects to contri$te :s. /55.15 !acs to +ratit" in the ne(t "ear.
The maDor categories o. plan assets as a percentage o. the .air value o. total plan assets are as .ollo)s5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
H H
In)est%ents *ith insrer 100 Not app!ica$!e
The principal assumptions used in determining gratuit* o0ligations .or the Compan*3s plan are sho)n 0elo)5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
8is+ount rate 9./64 8.004
1(pected rate of retrn on assets 8.704 Not app!ica$!e
Increase in co%pensation cost 5.004 5.004
1%p!o"ee Trno)erP 54 and 104 54 and 104
The esti%ates of ftre sa!ar" increases# considered in actaria! )a!ation# are on accont of inf!ation# seniorit"# pro%otion
and other re!e)ant factors# sch as spp!" and de%and in the e%p!o"%ent %ar,et.
P54 in case of e%p!o"ees *ith ser)ice period of %ore than 5 "ears and 104 for a!! other e%p!o"ees.
The o)era!! e(pected rate of retrn on assets is deter%ined $ased on the %ar,et prices pre)ai!in+ on that date# app!ica$!e
to the period o"er *hich the o$!i+ation is to $e sett!ed.
amounts .or the Current *ear and previous .our *ears are as .ollo)s5
(:s. in !acs)
N< N< N< N<
&= Segment in.ormation
The Co%pan" is en+a+ed in financin+ acti)ities. It operates in a sin+!e $siness and +eo+raphica! se+%ent.
5= empLo*ee SToC- opTion pLan
Series i Series ii
8ate of grant /1'7ct'05 1'<pr'06
Series iii
9'7ct'06
Series i?
17'<+'07
Series ?
15'I!'08
Series ?i
1/'9a"'09
Bate of 2oardGco%%ittee 19'7ct'05 &&'3e$'06 6'>ep'06 17'<+'07 15'I!'08 1/'9a"'09
<ppro)a!
Bate of >hareho!der@s 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05
appro)a!
N%$er of options +ranted &#96&#500 8/&#500 910#000 109#000 77#000 50#000
9ethod of >ett!e%ent 1;it" 1;it" 1;it" 1;it" 1;it" 1;it"
(CashG1;it")
>raded <esting 4eriod
<fter 1 "ear of +rant date 10H of 10H of 10H of 10H of 10H of 10H of
options options options options options options
granted granted granted granted granted granted
<fter & "ears of +rant date 20H of 20H of 20H of 20H of 20H of 20H of
options options options options options options
granted granted granted granted granted granted
<fter / "ears of +rant date 30H of 30H of 30H of 30H of 30H of 30H of
options options options options options options
granted granted granted granted granted granted
<fter 4 "ears of +rant date 40H of 40H of 40H of 40H of 40H of 40H of
options options options options options options
granted granted granted granted granted granted
1(ercisa$!e period 10 years 10 years 10 years 10 years 10 years 10 years
from "esting from "esting from "esting from "esting from "esting from "esting
date date date date date date
<esting Conditions 3n a+hie"ement of predetermined targets-
The series)ise details have 0een summari9ed 0elo)5
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the
,eginning of the period
(N%$er of >hares)
' ' 4*000 ' ' 14#800
<ddM Aranted drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 3orfeited drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 1(ercised drin+
the period (N%$er of
Shares:
' ' 4*000 ' ' 14#800
LessM 1(pired drin+
the period (N%$er of
Shares:
' ' ' ' ' '
N%$er of
Shares
N%$er of
Shares
N%$er of
Shares
N%$er of
Shares
N%$er of
Shares
N%$er of
Shares
5= empLo*ee SToC- opTion pLan (Contd=)
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
3utstanding at the end
of the period (N%$er of
Shares:
' ' ' ' ' '
1(ercisa$!e at the end of ' ' ' ' ' '
the period (N%$er of
Shares:
/eighted a"erage ' ' ' ' ' '
re%ainin+ contracta! !ife
9in years:
/eighted a"erage fair 59.04 91.75 74.85 1/6.40 &5/.90 &01.45
)a!e of options +ranted
Kei+hted <)era+e /5.00 /5.00 /5.00 /5.00 /5.00 /5.00
1(ercise Price (:s.)
march 3#! (#3
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the 81#900 1/#500 /9#050 ' &8#400 /&#900
,eginning of the period
(N%$er of >hares)
<ddM Aranted drin+ ' ' ' ' ' '
the period (N%$er of
Shares:
LessM 3orfeited drin+ ' ' ' ' ' '
the period (N%$er of
Shares:
LessM 1(ercised drin+ 10*400 6#000 11*400 ' &/#600 11*100
the period (N%$er of
Shares:
LessM 1(pired drin+ 71#500 7#500 &/#650 ' 4800 7#000
the period (N%$er of
Shares:
3utstanding at the end ' ' 4*000 ' ' 14#800
of the period (N%$er of
Shares:
1(ercisa$!e at the end of ' ' 4*000 ' ' '
the period (N%$er of
Shares:
/eighted a"erage 5.09 5.49 6.01 6.88 7.78 8.60
re%ainin+ contracta! !ife
9in years:
/eighted a"erage fair 59.04 91.75 74.85 1/6.40 &5/.90 &01.45
)a!e of options +ranted
Kei+hted <)era+e /5.00 /5.00 /5.00 /5.00 /5.00 /5.00
1(ercise Price (:s.)
The *ei+hted a)era+e share price for the period o)er *hich stoc, options *ere e(ercised *as :s.650.99
(9arch /1# &01/M :s. 660.98)
5= empLo*ee SToC- opTion pLan (Contd=)
T2e +etil- of e!erci-e price for -tock option- out-tn+ing t t2e en+ of t2e 6er re7
march 3#! (#&
There are no stoc, options otstandin+ as at
march 3#! (#3
9arch /1# &014.
)eighted
average
remaining
contractual )eighted
Series
range o.
e!erci-e
prices
num0er
o. options
outstanding
li.e o.
options
(in *ears)
average
e!erci-e
price
Series i :s. /5G' ' 5.09 :s. /5G'
Series ii :s. /5G' ' 5.49 :s. /5G'
Series iii :s. /5G' 4*000 6.01 :s. /5G'
Series i? :s. /5G' ' 6.88 :s. /5G'
Series ? :s. /5G' ' 7.78 :s. /5G'
Series ?i :s. /5G' 14#800 8.60 :s. /5G'
Stoc- options granted
Series i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 59.04. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((5 (($ ((" ((%
Kei+hted a)era+e share price (:s.) 9/./0 9/./0 9/./0 9/./0
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) /8.44 /8.44 /8.44 /8.44
Cistorica! 0o!ati!it" N< N< N< N<
Life of the options +ranted (0estin+ and e(ercise period)
in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 5.98 6.// 6.54 6.7/
1(pected di)idend rate (4) 2-31 2-31 2-31 2-31
Series ii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 91.75. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 130-10 130-10 130-10 130-10
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) 19.89 19.89 19.89 19.89
Cistorica! 0o!ati!it" N< N< N< N<
Life of the options granted
(0estin+ and e(ercise period) in "ears
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.64 6.8/ 6.9/ 7.&6
1(pected di)idend rate (4) &.5& &.5& &.5& &.5&
5= empLo*ee SToC- opTion pLan (Contd=)
Series iii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 74.85. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 111.&5 111.&5 111.&5 111.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) /1.85 /1.85 /1.85 /1.85
Cistorica! 0o!ati!it" (4) N< N< N< N<
Life of the options granted
(0estin+ and e(ercise period) in "ears
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.96 7.10 7.&6 7.40
1(pected di)idend rate (4) &.5& &.5& &.5& &.5&
Series i?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 1/6.40. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((" ((% ((' (#(
Kei+hted a)era+e share price (:s.) 168.05 168.05 168.05 168.05
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) 41.51 41.51 41.51 41.51
Cistorica! 0o!ati!it" (4) N< N< N< N<
Life of the options granted
(0estin+ and e(ercise period) in "ears
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 7.68 7.76 7.8& 7.87
1(pected di)idend rate (4) 0.89 0.89 0.89 0.89
Series ?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &5/.90. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((% ((' (#( (##
Kei+hted a)era+e share price (:s.) &94.50 &94.50 &94.50 &94.50
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) 69.&& 69.&& 69.&& 69.&&
Cistorica! 0o!ati!it" (4) N< N< N< N<
Life of the options granted
(0estin+ and e(ercise period) in "ears
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 9.41 9./6 9./4 9./6
1(pected di)idend rate (4) 1.6/ 1.6/ 1.6/ 1.6/
5= empLo*ee SToC- opTion pLan (Contd=)
Series ?i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &01.45. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((' (#( (## (#
Kei+hted a)era+e share price (:s.) &45.&5 &45.&5 &45.&5 &45.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
1(pected 0o!ati!it" (4) 64.80 64.80 64.80 64.80
Cistorica! 0o!ati!it" (4) N< N< N< N<
Life of the options granted
(0estin+ and e(ercise period) in "ears
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 5.00 5.00 5.00 5.00
<)era+e ris,'free interest rate (4) 4-03 4.68 5.&0 5.64
1(pected di)idend rate (4) 1.96 1.96 1.96 1.96
The e(pected )o!ati!it" *as deter%ined $ased on historica! )o!ati!it" data e;a! to the N>1 )o!ati!it" rate of 2an, Nift"
*hich is considered as a co%para$!e peer +rop of the Co%pan". To a!!o* for the effects of ear!" e(ercise# it *as
ass%ed that the e%p!o"ees *i!! e(ercise the options *ithin si( %onths fro% the date of )estin+ in )ie* of the e(ercise
price $ein+ si+nificant!" !o*er than the %ar,et price.
1ffect of the e%p!o"ee share'$ased pa"%ent p!ans on the state%ent of profit and !oss and on its financia! positionM
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
Tota! co%pensation cost pertainin+ to e%p!o"ee share'$ased
pa"%ent p!an (entire!" e;it" sett!ed)
0.90 (86.69)
Lia$i!it" for e%p!o"ee stoc, options otstandin+ as at "ear end ' 34-00
8eferred +ompensation +ost ' 0.90
5= empLo*ee SToC- opTion pLan (Contd=)
.ince t2e enterpri-e u-e+ t2e intrin-ic 'lue met2o+ t2e impct on t2e reporte+ net profit n+ erning- per -2re
0* appl*ing the .air value 0ased method is as .ollo)s5
In 9arch &005# IC<I has issed a +idance note on D<ccontin+ for 1%p!o"ees >hare 2ased Pa"%entsE app!ica$!e to
e%p!o"ee $ased share p!an the +rant date in respect of *hich fa!!s on or after <pri! 1# &005. The said +idance note
re;ires that the profor%a disc!osres of the i%pact of the fair )a!e %ethod of accontin+ of e%p!o"ee stoc, co%pensation
accontin+ in the financia! state%ents. <pp!"in+ the fair )a!e $ased %ethod defined in the said +idance note# the i%pact
on the reported net profit and earnin+s per share *o!d $e as fo!!o*sM
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
Profit as reported (:s. in !acs) 1&6#4&0.77 1/6#06&.01
<ddM 1%p!o"ee stoc, co%pensation
nder intrinsic )a!e %ethod (:s. in !acs)
0.90 (86.69)
LessM 1%p!o"ee stoc, co%pensation
nder fair )a!e %ethod (:s. in !acs)
0.86 (80.&0)
Profor%a profit (:s. in !acs) 1&6#4&0.81 1/6#055.5&
earnings per share
Basic (rs=)
' <s reported 55.7& 59.98
' Profor%a 55.7& 59.98
diluted (rs=)
' <s reported 55.7& 59.98
' Profor%a 55.7& 59.98
No%ina! 0a!e (:s.) 10-00 10-00
$= LeaSeS
in case o. assets ta-en on lease
The co%pan" has ta,en )arios office pre%ises# frnitre and fi(tres# co%pters and p!ant and %achiner" nder operatin+
!ease. The !ease pa"%ents reco+ni-ed in the state%ent of profit J !oss are :s. 7#/70.68 !acs (9arch /1# &01/M :s. 6#4/0.4/
!acs). Certain a+ree%ents pro)ide for cance!!ation $" either part" or certain a+ree%ents contains c!ase for esca!ation and
rene*a! of a+ree%ents. The non'cance!!a$!e operatin+ !ease a+ree%ents are ran+in+ for a period 6 to 144 %onths. There
are no restrictions i%posed $" !ease arran+e%ents. There are no s$ !eases.
The ftre %ini%% !ease pa"%ents in respect of non'cance!!a$!e operatin+ !ease as at the $a!ance sheet date are
s%%ari-ed $e!o* M
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
minimum Lease pa*ments5
Not !ater than one "ear 9&9.&/ 876.9&
Later than one "ear $t not !ater than fi)e "ears 1#519.86 679.04
Later than fi)e "ears 45/.84 58.81
"=
*n ccor+nce wit2 t2e (e-er'e Bnk of *n+i circulr no.(B*D200"E07D 225 ,%B. (P,) 4.4 %o. 87D03.02.004D200"E
07 +te+ Gnur6 4, 2007, t2e 4ompn6 2- crete+ floting c2rge on t2e -ttutor6 li:ui+ --et- compri-ing
of in'e-tment in >o'ernment .ecuritie- to t2e e!tent of (-. 34,07".00 lc- (/rc2 31, 20137 (-. 24,1"1.00 lc-)
in .avour o. trustees representing the pu0lic deposit holders o. the Compan*=
%= reLaTed parTieS diSCLoSure
(elte+ prt6 w2ere control e!i-t-
>$sidiar" M >hrira% 1;ip%ent 3inance Co%pan" Li%ited (>13CL)
>hrira% <to%a!! India Li%ited (><9IL)
>hrira% Insrance 2ro,in+ Co%pan" Li%ited (>I2CL)
9upto 8e+em,er 13* 2013:
other related parties
1nterprises ha)in+ si+nificant M
inf!ence o)er the Co%pan"
>hrira% Co!din+s (9adras) Pri)ate Li%ited
(pto No)e%$er 05# &01&)
>hrira% Capita! Li%ited
Ne*$rid+e India In)est%ents II Li%ited (pto 9a" 10# &01/)
Shriram 3%nership Trust
>hrira% 3inancia! 0entres (Chennai) Pri)ate Li%ited
( *.e.f. <+st /1# &01&)
<ssociates M >hrira% <sset 9ana+e%ent Co%pan" Li%ited
(pto Ine 18# &01/)
8e" 9ana+e%ent Personne! M 9r. ?%esh :e)an,ar# 9ana+in+ Birector
:e!ati)es of 8e" 9ana+e%ent Personne! M 9rs. >chita ?. :e)an,ar (spose)
9aster >hirish ?. :e)an,ar (son)
9aster >hre"as ?. :e)an,ar (son)
9rs. Aeeta A. :e)an,ar (%other)
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
P6ment-D&!pen-e-
1%p!o"ee $enefits for ,e"
%ana+e%ent personne!
' ' ' ' ' '
48.18 4/.56
' '
&%=#% &3=5$
:o"a!t" paid to >hrira% 7*nership Trst &#09/.94 1#780.99 ' ' ' ' ' ' ' ' !('3='& #!"%(=''
8ata sour+ing fees paid to Shriram 3%nership
Trust
716.59 6&0./9 ' ' ' ' ' ' ' ' "#$=5' $(=3'
Ser"i+e +harges paid to Shriram 3%nership
Trust
4#&99.56 /#7&&./5 ' ' ' ' ' ' ' ' &!''=5$ 3!"=35
>er)ice char+es paid to >hrira% Capita! Li%ited /#9/7.95 /#517.01 ' ' ' ' ' ' ' ' 3!'3"='5 3!5#"=(#
1;it" di)idend paid Z 3-13 1.5& 3=#3 #=5
' >hrira% Capita! Li%ited 4#104.08 1#755.08 ' ' ' ' ' ' ' ' &!#(&=(% #!"55=(%
Non'con)erti$!e de$entre %atred Z ' ' ' ' ' ' ' ' 2-01 1.09 =(# #=('
3i(ed deposit %atred ' ' ' ' ' ' ' ' 1-02 ' #=( ,
Interest on fi(ed deposit ' ' ' ' ' ' ' ' 0.15 0-12 (=#5 (=#
Interest on s$ordinated de$t ' ' ' ' 17.50 76./0 ' ' 0.07 0-04 #"=5" "$=3&
Interest on non'con)erti$!e de$entre ' ' ' ' 0-12 0.6& 0-22 ' 1.64 1.18 #='% #=%(
In)est%ent in e;it" shares in >hrira%
Insrance 2ro,in+ Co%pan" Li%ited Z
' ' ' 0-01 ' ' ' ' ' ' , (=(#
In)est%ent in preference shares Z ' ' ' ' ' 100-00 ' ' ' ' , #((=((
1%p!o"ee $enefits paid Z
' >hrira% Capita! Li%ited ' 17.&4 ' ' ' ' ' ' ' ' , #"=&
' >hrira% <to%a!! India Li%ited ' ' 9.18 86.90 ' ' ' ' ' ' '=#% %$='(
:ent paid 0./9 &.&6 (=3' =$
' >hrira% <to%a!! India Li%ited ' ' /8/.87 8/.10 ' ' ' ' ' ' 3%3=%" %3=#(
' >hrira% Capita! Li%ited &0.55 ' ' ' ' ' ' ' ' ' (=55 ,
Interest paid on nsecred Loan
' >hrira% <to%a!! India Li%ited ' ' 156.86 &6.45 ' ' ' ' ' ' #5$=%$ $=&5
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(:s. in !acs)
particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
2siness %o$i!isation e(penses paid to
>hrira% <to%a!! India Li%ited
' ' 147.4/ 155.15 ' ' ' ' ' ' #&"=&3 #55=#5
>taff cost paid to >hrira% <to%a!! India
Limited
' ' ' 78.07 ' ' ' ' ' ' , "%=("
7ther ad%inistrati)e e(penses paid to
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' 0-02 1-40 ' ' ' ' ' ' (=( #=&(
' >hrira% Capita! Li%ited 5.11 ' ' ' ' ' ' ' ' ' 5=## ,
' >hrira% <to%a!! India Li%ited ' ' 8.59 ' ' ' ' ' ' ' %=5' ,
2ranch openin+ e(penses paid to >hrira%
<to%a!! India Li%ited
' ' 11-22 ' ' ' ' ' ' ' ##= ,
>er)ice contract paid to >hrira% <to%a!!
India Li%ited
' ' 46.54 ' ' ' ' ' ' ' &$=5& ,
?nsecred !oan +i)en Z
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 0.15 ' ' ' ' ' ' , (=#5
' >hrira% Capita! Li%ited ' /4#500.00 ' ' ' ' ' ' ' ' , 3&!5((=((
' >hrira% <to%a!! India Li%ited ' ' 504.08 ' ' ' ' ' ' ' 5(&=(% ,
' >hrira% 1;ip%ent 3inance Co%pan"
Limited
' ' 16#4&/.58 ' ' ' ' ' ' ' #$!&3=5% ,
Inter'corporate deposit paid ' ' ' ' ' ' ' ' ' ' , ,
' >hrira% <to%a!! India Li%ited ' ' &#/75.00 ' ' ' ' ' ' ' !3"5=(( ,
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
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enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
(eceipt-D*ncome
1(penses
' >hrira% <to%a!! India Li%ited ' ' 1//.57 171.85 ' ' ' ' ' ' #33=5" #"#=%5
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' &8&.84 &49.1& ' ' ' ' ' ' %=%& &'=#
?nsecred !oan repaid [
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' 0.15 ' ' ' ' ' ' ' (=#5 ,
' >hrira% Capita! Li%ited ' /7#000.00 ' ' ' ' ' ' ' ' , 3"!(((=((
' >hrira% <to%a!! India Li%ited ' ' 1#7&&.// 67/.08 ' ' ' ' ' ' #!"=33 $"3=(%
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' &#096.40 40#897.&4 ' ' ' ' ' ' !('$=&( &(!%'"=&
?nsecred !oan recei)ed [
' >hrira% <to%a!! India Li%ited ' ' 1*400-00 975.00 ' ' ' ' ' ' #!&((=(( '"5=((
Interest :ecei)ed on nsecred !oan
' >hrira% Capita! Li%ited ' 1#167.4/ ' ' ' ' ' ' ' ' , #!#$"=&3
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1#854.47 &#&1/.71 ' ' ' ' ' ' #!%5&=&" !#3="#
:ent and e!ectricit"
' >hrira% Capita! Li%ited 11-32 15.17 ' ' ' ' ' ' ' ' ##=3 #5=#"
' >hrira% <to%a!! India Li%ited ' ' 90.&9 17.59 ' ' ' ' ' ' '(=' #"=5'
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' 1.16 5.40 ' ' ' ' #=#$ 5=&(
1%p!o"ee $enefits recei)ed [
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1-01 ' ' ' ' ' ' ' #=(# ,
' >hrira% <to%a!! India Li%ited ' ' 18.87 18.61 ' ' ' ' ' ' #%=%" #%=$#
Non'con)erti$!e de$entre [ ' ' ' ' ' ' ' ' /.&9 &./8 3=' =3%
3i(ed deposit [ ' ' ' ' ' ' ' ' &.09 ' =(' ,
>$ordinated Be$ts [ ' ' ' ' ' ' ' ' 0.80 ' (=%( ,
<pp!ication %one" of NCB [ ' ' ' ' ' ' ' ' ' 0.50 , (=5(
8i"idend on preferen+e shares Shriram
1;ip%ent 3inance Co%pan" Li%ited
' ' &.50 &.50 ' ' ' ' ' ' =5( =5(
0
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%= reLaTed parTieS diSCLoSure (Contd=)
particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
Balance outstanding at the *ear end
>hare capita! ' ' ' ' ' ' 5.5& 5.08 ' ' 5=5 5=(%
' >hrira% Capita! Li%ited 5#910./& 5#850.&8 ' ' ' ' ' ' ' ' 5!'#(=3 5!%5(=%
In)est%ent in e;it" shares
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1*000-00 1*000-00 ' ' ' ' ' ' #!(((=(( #!(((=((
' >hrira% <to%a!! India Li%ited ' ' 3*000-00 3*000-00 ' ' ' ' ' ' 3!(((=(( 3!(((=((
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 0-01 ' ' ' ' ' ' , (=(#
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' ' 240-00 ' ' ' ' , &(=((
In)est%ent in preference shares
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' &5#000.00 &5#000.00 ' ' ' ' ' ' 5!(((=(( 5!(((=((
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' ' 100-00 ' ' ' ' , #((=((
?nsecred !oan reco)era$!e fro% s$sidiar"
+ompanies
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 14#15&.06 ' ' ' ' ' ' ' #&!#5=($ ,
' >hrira% <to%a!! India Li%ited ' ' ' 118.8/ ' ' ' ' ' ' , ##%=%3
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 1.55 ' ' ' ' ' ' , #=55
?nsecred !oan pa"a$!e to s$sidiar"
+ompanies
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' ' 175.1& ' ' ' ' ' ' , #"5=#
' >hrira% <to%a!! India Li%ited ' ' 6/&.74 975.00 ' ' ' ' ' ' $3="& '"5=((
<%ont pa"a$!e to*ards capita! ad)ance
>hrira% <to%a!! India Li%ited
' ' ' 42-42 ' ' ' ' ' ' , &=&
Interest recei)a$!e on nsecred !oan
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 189.96 /19.67 ' ' ' ' ' ' #%'='$ 3#'=$"
1(penses reco)era$!e
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 5/./8 &4.84 ' ' ' ' ' ' 53=3% &=%&
' >hrira% <to%a!! India Li%ited ' ' 11.87 16.64 ' ' ' ' ' ' ##=%" #$=$&
Non'con)erti$!e de$entre ' ' ' ' ' 6.00 3-00 ' 15.7& 7.09 #%=" #3=('
Interest pa"a$!e on non'con)erti$!e de$entre ' ' ' ' ' ' 0-22 ' 1.19 1-03 #=&# #=(3
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%= reLaTed parTieS diSCLoSure (Contd=)
particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
:ent recei)a$!e fro% >hrira% Capita! Li%ited 0.94 0.94 ' ' ' ' ' ' ' ' (='& (='&
<d%inistrati)e e(penses pa"a$!e to >hrira%
Capita! Li%ited
/.65 ' ' ' ' ' ' ' ' ' 3=$5 ,
7tstandin+ e(penses
' >hrira% 7*nership Trst 195.49 1#881.19 ' ' ' ' ' ' ' ' #'5=&' #!%%#=#'
3i(ed deposit ' ' ' ' ' ' ' ' &.09 1-02 =(' #=(
Interest pa"a$!e on fi(ed deposit ' ' ' ' ' ' ' ' 0-12 0-30 (=# (=3(
Su,ordinated de,t ' ' ' ' ' 413-40 ' ' 1-10 0-30 #=#( &#3="(
Interest pa"a$!e on s$ordinated de$t ' ' ' ' ' &70.57 ' ' 0.18 0-11 (=#% "(=$%
>uarantee gi"en ,y the +ompany
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 100-00 100-00 ' ' ' ' ' ' #((=(( #((=((
' >hrira% <to%a!! India Li%ited ' ' 200-00 400-00 ' ' ' ' ' ' ((=(( &((=((
Z Benotes pa"%ents
[ Benotes receipts
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
11D
Shriram Transport Finan+e Company Limited
'= ConTin>enT LiaBiLiTieS noT pro?ided <or
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
a- In respect of Inco%e ta( de%ands *here the co%pan" has
fi!ed appea! $efore CIT (<ppea!s)
5&#678.5& 46#689.1&
,- 0<T de%and *here the co%pan" has fi!ed appea! $efore
Tri$na!
&#5/&.8& 1#84/.09
+- >er)ice ta( !ia$i!it" pertainin+ to CPGLease 1&#8&4.07 '
d- >uarantees and +ounter guarantees &/7#50/.49 &&6#750.85
e- >uarantees gi"en for su,sidiaries 300-00 500.00
3tre cash otf!o*s in respect of (a)# ($) and (c) a$o)e are deter%ina$!e on!" on receipt of .d+e%ents Gdecisions pendin+
*ith )arios for%sGathorities. The Co%pan" is of the opinion that a$o)e de%ands are not sstaina$!e and e(pects to
scceed in its appea!s.
The Co%pan" has recei)ed >ho* Case Notice de%andin+ ser)ice ta( on ser)ices rendered to*ards pro)ision of
co!!ection of recei)a$!es and !i;idit" faci!ities in respect of >ecritisation G Birect <ssi+n%ents for the period &008'09 to
&011'1& and
the same is +ontested ,y the Company-
(:s. in !acs)
,i-pute+ income t! +emn+ re on ccount of as at march 3#! (#& as at march 3#! (#3
a- Transfer to stattor" reser)e# pro)ision for NP<#
se+uritisation* et+
/&#866.07 &7#&88.44
,- >ecritisation and ro"a!t" for <F &008'09 and &007'08 19#77/.64 19#400.68
+- Bisa!!o*ance of 1>7P e(penses /8.81 '
5!$"%=5 46#689.1&
(:s. in !acs)
Commitments not provided .or as at march 3#! (#& as at march 3#! (#3
a- 1sti%ated a%ont of contracts re%ainin+ to $e e(ected on
capita! accont
191.76 /8&.71
,- ?nca!!ed a%ont in in)est%ent in ICICI In)est%ent
7anagement Company Limited
1#046.96 1#6&6.85
+- ?nca!!ed a%ont in in)est%ent in >hrira% Insrance 2ro,in+
Co%pan" Li%ited (>I2CL)
' 49.99
11#
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T
The Co%pan" se!!s !oans thro+h secritisation and direct assi+n%ent.
The information on se+uritisation of the Company as an originator in respe+t of se+uritisation transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder par strctre &10#869 &16#084
Tota! $oo, )a!e of !oan assets 805#6/5.46 780#/79.6&
>a!e consideration recei)ed 805#6/5.46 780#/79.6&
The information on se+uritisation of the Company as an originator in respe+t of outstanding amount of se+uritised
assets is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of >P0s sponsored $" the Co%pan" for secritisation
transa+tions
48 34
Tota! a%ont of secritised assets as per the $oo,s of >P0s
sponsored ,y the Company
1#&&6#69&.65 94/#519.90
Tota! a%ont of e(posres retained $" the Co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss 751.&5 751.&5
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss 80#/49.45 /8#/54.45
In)est%ent in PTC 56#/47.80 /7#11&.85
<%ont of e(posres to secritisation transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n secritisations
First Loss ' 1#&07.00
3thers 96#464.9& 4/#955.46
ii: 1(posres to third part" secritisations
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n secritisations
First Loss 11#664.54 11#46&.58
3thers &7#/07.99 /6#045.91
ii: 1(posres to third part" secritisations
First Loss ' '
3thers ' '
120
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of par transa+tion done during the
"ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder par strctre 87#15/ 51#9&0.00
Tota! $oo, )a!e of !oan assets &6&#/19./& 98#050.69
>a!e consideration recei)ed &6&#/19./& 98#050.69
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder par strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 55 70
Tota! a%ont otstandin+ 4&/#&&8./8 8/8#866.0&
Tota! a%ont of e(posres retained $" the co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
In)est%ent in PTC &/#841.58 9#805.07
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss &6#909.41 /6#749.49
3thers 97#&87.54 1/4#145.&1
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 19#7/7.&7 //#577.5&
3thers 575.61 1&#&68.1&
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
121
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of premium transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder pre%i% strctre ' '
Tota! $oo, )a!e of !oan assets ' '
>a!e consideration recei)ed ' '
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder pre%i% strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 6 13
Tota! a%ont otstandin+ 4#/58.10 /&#801.8&
Tota! a%ont of e(posres retained $" the co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
In)est%ent in PTC ' '
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 4*222-20 6#168.&0
3thers 1#8/1.00 17#&80.6/
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 1#754./6 19#884.&7
3thers /0/.45 5#7&7.9/
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
122
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#=
B-e+ on t2e intimtion recei'e+ 96 t2e 4ompn6, -ome of t2e -upplier- 2'e confirme+ to 9e regi-tere+ un+er
NThe micro! Small and medium enterprises development (@mSmed3) act! (($O= accordingl*! the disclosures
relting to mount- unpi+ - t t2e 6er en+e+ toget2er wit2 intere-t pi+ Dp69le re furni-2e+ 9elow7
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
The principa! a%ont re%ainin+ npaid to spp!ier as at the end of
the year
' '
The interest de thereon re%ainin+ npaid to spp!ier as at the end
of the year
' '
The a%ont of interest paid in ter%s of >ection 16# a!on+ *ith the
a%ont of pa"%ent %ade to the spp!ier $e"ond the appoint%ent
day during the year
' '
The a%ont of interest de and pa"a$!e for the "ear of de!a" in
%a,in+ pa"%ent (*hich ha)e $een paid $t $e"ond the appointed
da" drin+ the "ear) $t *ithot addin+ the interest specified nder
this <ct
' '
The amount of interest a++rued during the year and remaining
unpaid at the end of the year
' '
The a%ont of frther interest re%ainin+ de and pa"a$!e e)en in
the scceedin+ "ears# nti! sch date *hen the interest des as
a$o)e are acta!!" paid to the s%a!! enterprise for the prpose of
disa!!o*ance as a dedcti$!e e(penditre nder section &/ of the
9icro >%a!! and 9edi% 1nterprise Be)e!op%ent <ct# &006
' '
3=
*n ++ition to t2e u+itor- remunertion -2own in operting n+ ot2er e!pen-e-, t2e 4ompn6 2- l-o incurre+
auditors remuneration in connection )ith audit and related statutor* services to 0e per.ormed 0* auditors in
connection )ith pu0lic issue o. non converti0le de0entures o. rs= #(=$ lacs (march 3#! (#35 rs= 53=3% lacs)
Linclu+ing out of pocket e!pen-e- of (-. 1.52 lc- (/rc2 31, 20137 (-. 0.4" lc-)M 2'e 9een morti-e+ - per
note #3 and sho)n under other assets=
&64#510#406.00
'Cash 200-00
'2an, 11#460#048.00
'7ther <sset (<d)ance ta() /#5/4#&71.00
LessM Lia$i!ities (creditors) (17#500.00)
<air ?alue o. net asset ta-en over "'!&%"!&5=((
Less5
<dditiona! isse of e;it" share (500#868 e;it" shares
of :s. 10 each)
(5#008#680.00)
"&!&"%!"&5=((
123
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
33=
mer>er o< Shriram hoLdin>S (madraS) pri?aTe LimiTed K@ShmpL3L )iTh The
Compan* durin> The *ear ended marCh 3#! (#3! 5
(a) 7n Bece%$er &1# &011# the 2oard of Birectors of the Co%pan" ha)e appro)ed the %er+er >C9PL *ith the Co%pan".
In ter%s of the >che%e of <%a!+a%ation J <rran+e%ent (>che%e) appro)ed $" Con@$!e Ci+h Cort of 9adras )ide
order dated >epte%$er 1/# &01& and s$se;ent fi!in+ thereof *ith the :e+istrar of Co%panies (H:7C@)# Ta%i! Nad
dated No)e%$er 05# &01&# >hrira% Co!din+s (9adras) Pri)ate Li%ited (D>C9PLE)# an In)est%ent co%pan" has $een
a%a!+a%ated *ith the Co%pan" *ith effect fro% <pri! 01# &01&. The sche%e *as effecti)e on!" after the fi!in+ thereof
*ith :7C# Ta%i! Nad and had an appointed date of <pri! 01# &01&.
($) Prior to the %er+er# >C9PL he!d 9/#/71#51& shares of the Co%pan".
(c) The a%a!+a%ation has $een acconted for nder the DPrchase %ethodE as prescri$ed $" D<ccontin+ >tandard
14 (<>'14) <ccontin+ for <%a!+a%ationE notified nder Co%panies (<ccontin+ >tandards) :!es# &006 (as
amended:-
(d) In accordance *ith the said >che%eM
i) <!! the assets (other than shares of the Co%pan" he!d $" D>C9PLE of the Co%pan")# de$ts# !ia$i!ities# dties
and o$!i+ations of >C9PL ha)e $een )ested in the Co%pan" *ith effect fro% <pri! 01# &01& and ha)e $een
recorded at their respecti)e 3air )a!es nder the prchase %ethod of accontin+ for a%a!+a%ation. There *ere
no difference in the accontin+ po!icies of D>C9PLE and the Co%pan".
ii) 1(chan+e ratio deter%ined at /1/M1&4 (i.e. /1/ e;it" shares of :s. 10G' each of the Co%pan" for e)er" 1&4
e;it" shares of :s. 10G' each of D>C9PLE and these e;it" shares ran,in+ pari'pass *ith the e(istin+ e;it"
shares of the Company-
iii) <dditiona! isse of 500#868 e;it" shares to the shareho!ders of >C9PL# prsant to Net <ssets ta,en of
>C9PL o)er $" the Co%pan".
i)) In accordance *ith the said sche%e# e(cess of the Net <ssets 0a!e ta,en o)er $" the Co%pan" )is'a')is
additiona! e;it" shares issed has $een transferred to capita! reser)es.
)) Betai!s of Net <ssets ta,en o)er and transfer to Capita! reser)e is as nderM
<air ?alue o. the asset5
'In)est%ent
amount in rupees
amount ta-en to capital reserves on amalgamation
3&= eCpendiTure in <orei>n CurrenC* (<CC:?<L 2<>I>)
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
:atin+ fees 4/.90 '
Computer soft%are 7.// '
Total 5#=3 ,
3&= pre?iouS *ear ComparaTi?eS
Pre)ios "ear fi+res ha)e $een re+roped G rearran+ed# *here)er considered necessar"# to confor% *ith crrent "ear@s
presentation-
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= 3or and on $eha!f of the 2oard of Birectors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! (("
(:s. in !acs)
amount
outstanding
amount
overdue
Lia0ilities side 5
#= Loans and advances availed 0* the nB<Cs inclusive o. interest accrued
thereon 0ut not paid5
9a: Be$entre M >ecred 1#441#499.65 6#/&4.6& W
M ?nsecred
(other than fa!!in+ *ithin the %eanin+ of p$!ic depositsP)
88#0&1./1 NIL
9,: 8eferred Credits NIL NIL
9+: Term Loans 1#4//#7/9.84 NIL
9d: Inter'corporate !oans and $orro*in+ NIL NIL
9e: Co%%ercia! Paper 15#/76.59 NIL
9f: P$!ic BepositsP &46#11/.&1 4#496.&6 W
9g: 7ther Loans ' >$ordinate Be$ts 498#461.01 6#&95.16 W
' Cash Credit /5#/05.08 NIL
' Corporate Loan NIL NIL
PP!ease see Note 1 $e!o*
= Brea-,up o. (#)(.) a0ove
(7tstandin+ p$!ic deposits inc!si)e of interest accred thereon $t not paid)M
9a: In the for% of ?nsecred de$entres NIL NIL
9,: In the for% of part!" secred de$entres i.e de$entres *here there is a
shortfa!! in the )a!e of secrit"
NIL NIL
9+: 7ther p$!ic deposits &46#11/.&1 4#496.&6
PP!ease see Note 1 $e!o*
W :epresent a%onts nc!ai%ed
assets side 5
3= Brea-,up o. Loans and advances including 0ills receiva0les
(other than those inc!ded in (4) $e!o*)M
9a: Se+ured /90.88
9,: ;nse+ured 1&0#514./&
&= Brea- up o. Leased assets and stoc- on hire counting to)ards a<C activities
9i: Lease assets inc!din+ !ease renta!s nder sndr" de$tors M
9a: 3inancia! !ease NIL
9,: 7peratin+ !ease NIL
9ii: >toc, on Cire inc!din+ hire char+es nder sndr" de$tors M
9a: <ssets on hire NIL
9,: :epossessed <ssets NIL
9iii: 7ther !oans contin+ to*ards <3C <cti)ities M
9a: Loans %here assets ha"e ,een repossessed /1#778.14
9,: Loans other than 9a: a,o"e /#494#541.51
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! ((" 9Contd-:
(:s. in !acs)
amount
outstanding
5= Brea-,up o. investments 5
Current investments 5
#= Auoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,enture and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thers (P!ease specif") NIL
= un/uoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thersM (a) In)est%ent in Certificate of Beposits &0/#544.94
9,: 8e,entures NIL
(c) 9ta! 3nds 201-40
Long Term investments 5
#= Auoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities //#089.48
9": 7thers (P!ease specif") NIL
= un/uoted 5
9i: >hares M (a) 1;it" 4*040-00
9,: 4referen+e &5#000.00
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thers ' 0entre Capita! 3nd 1#45/.04
In)est%ent in >$ordinate Be$ts 5#000.00
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! ((" 9Contd-:
$= Borrower groupEwi-e cl--ifiction of --et-, finnce+ - in (3) n+ (4) 9o'e 7
please see note 0elo)
(:s. in !acs)
Categor*
amount ( Net of pro)isions )
Secured unsecured Total
#= related parties EE
9a: Su,sidiaries NIL NIL NIL
9,: Companies in the same group NIL NIL NIL
9+: 7ther re!ated parties NIL NIL NIL
= other than related parties /#417#440.07 115#078.94 /#5/&#519.00
"= *n'e-tor groupEwi-e cl--ifiction of ll in'e-tment- (current n+ long term) in -2re- n+ -ecuritie-
(0oth /uoted and un/uoted)5
please see note 3 0elo)
Categor*
mar-et ?alue
D Brek up or
.air value or
na?E
Boo- ?alue
(net o.
provisions)
#= related parties EE
9a: Su,sidiaries 5&#695.99 &9#000.00
9,: Companies in the same group NIL NIL
9+: 7ther re!ated parties NIL NIL
= other than related parties &4/#/64.4& &4/#/&8.85
P Bisc!osre is %ade in respect of a)ai!a$!e infor%ation.
PP <s per <ccontin+ >tandard of IC<I (P!ease see Note /)
%= other in.ormation
particulars amount
(i) >ross non,per.orming assets
9a: :e!ated parties NIL
9,: 7ther than re!ated parties 145#050./4
(ii) net non,per.orming assets
9a: :e!ated parties NIL
9,: 7ther than re!ated parties /0#&91.&/
(iii) assets ac/uired in satis.action o. de0t NIL
notes 5
1- <s defined in Para+raph &(1)((ii) of the Non'2an,in+ 3inancia! Co%panies <cceptance of P$!ic Beposits (:eser)e 2an,)
Birections# 1998.
2- Pro)isionin+ nor%s sha!! $e app!ica$!e as prescri$ed in the Non'2an,in+ 3inancia! Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# 1998.
3- <!! <ccontin+ >tandards and Aidance Notes issed $" IC<I are app!ica$!e inc!din+ for ca!c!ation of in)est%ents and
other assets as a!so assets ac;ired in satisfaction of de$t. Co*e)er# %ar,et )a!e in respect of ;oted in)est%ents and
$rea, pGfair )a!eGN<0 in respect of n;oted in)est%ents sho!d $e disc!osed irrespecti)e of *hether the" are c!assified
as !on+ ter% or crrent in co!%n (5) a$o)e.
12D
Shriram Transport Finan+e Company Limited
Summary of Finan+ial informationof su,sidiary +ompanies
for the year ended mar+h 31* 2014 ;nder se+tion 2129D: of the +ompanies a+t 1#5-
(:s. in !acs)
particulars
Shriram
e/uipment <inance
Compan* Limited
Shriram automall
india Limited
Capita! &6#000.00 3*000-00
:eser)es &&#890.4& 80&.64
Tota! assets /46#800.// 6#908.50
Tota! !ia$i!ities &97#909.91 /#105.86
In)est%ent inc!ded in tota! assets ' '
Turno"er 54#/94.74 7#644.64
Profit $efore ta(ation 1/#1/5.&8 1#&4/.6/
Pro)ision for ta(ation 4#451.8/ 417.&8
Profit after ta(ation 8#68/.45 8&6./5
Bi)idend inc!din+ di)idend distri$tion ta( &.91 '
Finan+ial Se+tionS
+onSolidated
<nna! :eport &01&'1/
Contents
+onsolidated Finan+ial se+tion
inde4endent a;dito)!s )e4o)t
131
$alan+e sheet 132
statement oF 4)oFit & loss 133
+ash Flo% statement
134
notes 13
131
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
inde4endent a;dito)!s )e4o)t
To*
The $oard of 8ire+tors of
Shriram TranSporT <inanCe Compan* LimiTed
Ke ha)e adited the acco%pan"in+ conso!idated financia!
statements of Shriram Transport Finan+e Company Limited
9Xthe CompanyY:and its su,sidiaries 9+olle+ti"ely the
X>roupY:* %hi+h +omprise the +onsolidated $alan+e Sheet
as at 7ar+h
/1# &014# and the conso!idated >tate%ent of Profit and Loss
and +onsolidated Cash Flo% Statement for the year then
ended# and a s%%ar" of si+nificant accontin+ po!icies and
other e1planatory information-
management3s responsi0ilit* .or the Consolidated
<inancial Statements
7anagement is responsi,le for the preparation of these
conso!idated financia! state%ents that +i)e tre and fair )ie*
of the conso!idated financia! position# conso!idated financia!
perfor%ance and conso!idate cash f!o*s of the Arop in
a++ordan+e %ith a++ounting prin+iples generally a++epted in
'ndia- This responsi,ility in+ludes the design* implementation
and maintenan+e of internal +ontrol rele"ant to the
preparation and presentation of the conso!idated financia!
state%ents that gi"e a true and fair "ie% and are free from
material misstatement* %hether due to fraud or error-
auditor3s responsi0ilit*
3ur responsi,ility is to e1press an opinion on these
conso!idated financia! state%ents $ased on or adit. Ke
+ondu+ted our audit in a++ordan+e %ith the Standards on
(uditing issued ,y the 'nstitute of Chartered (++ountants of
'ndia- Those Standards reLuire that %e +omply %ith ethi+al
reLuirements and plan and perform the audit to o,tain
reasona,le assuran+e a,out %hether the +onsolidated
financia! state%ents are free fro% %ateria! %isstate%ent.
(n audit in"ol"es performing pro+edures to o,tain audit
e"iden+e a,out the amounts and dis+losures in the
conso!idated financia! state%ents. The procedres se!ected
depend on the auditor!s 2udgement* in+luding the
assessment of the ris&s of material misstatement of the
+onsolidated financia! state%ents# *hether de to frad or
error. In %a,in+ those ris& assessments* the auditor
+onsiders internal +ontrol rele"ant to the Company!s
preparation and presentation of the conso!idated financia!
state%ents that +i)e a tre and far "ie% in order to design
audit pro+edures that are appropriate in the +ir+umstan+es*
,ut not for the purpose of e1pressing an opinion on the
effe+ti"eness of the Company!s internal +ontrol- (n audit
also in+ludes e"aluating the appropriateness
of a++ounting poli+ies used and the reasona,leness of
the a++ounting estimates made ,y management* as %ell
as e"aluating the o"erall presentation of the +onsolidated
financia! state%ents. Ke $e!ie)e that the adit e)idence *e
ha)e o$tained is sfficient and appropriate to pro)ide a $asis
for our audit opinion-
opinion
'n our opinion and to the ,est of our information and
a++ording to the e(p!anations +i)en to s# the conso!idated
financia! statements gi"e a true and fair "ie% in +onformity
%ith the a++ounting prin+iples generally a++epted in 'ndia-
9a: in the +ase of the +onsolidated $alan+e Sheet* of the
state of affairs of the >roup as at 7ar+h 31* 2014J
($) in the case of the conso!idated >tate%ent of Profit and
Loss# of the profit for the "ear ended on that date6 and
9+: in the +ase of the +onsolidated Cash Flo% Statement* of
the cash f!o*s for the "ear ended on that date.
other matters
Ke did not .oint!" adit the financia! state%ents of
>$sidiaries# *hose financia! state%ents ref!ect tota! assets
of :s. /5/#076 la+s after elimination of inter group ,alan+e
as at 7ar+h 31*
&014# the tota! re)ene of :s. 61#601 !acs after e!i%ination
of inter +rop transaction and tota! cash otf!o*s a%ontin+
to :s. 14#545 !acs after e!i%ination of inter +rop transaction
for the "ear then ended. The financia! state%ents of the
su,sidiaries* Shriram 5Luipment Finan+e Company Limited
and Shriram (utomall 'ndia Limited ha"e ,een audited ,y
S-<- >hatalia & (sso+iates LL4* Chartered (++ountants
and >- 8- (pte & Co- Chartered (++ountants* respe+ti"ely*
%hose reports ha"e ,een furnished to us* and our opinion* in
so far as it relates to the amounts in+luded in respe+t of
these entities* is ,ased solely on reports of respe+ti"e
auditors- 3ur opinion is not ;a!ified in respect of this %atter.
For S=r= Batli0oi : Co= LLp For >= d= apte : Co=
Char!ered Accoun!an!s Char!ered Accoun!an!s
IC<I 3ir% :e+istration N%$erM /0100/1 IC<I 3ir% :e+istration N%$erM 100515K
per ?iren h= mehta ame*a d= Tam0e-ar
&ar!ner &ar!ner
9e%$ership N%$erM 048749 9e%$ership N%$erM 1&8/55
P!aceM 9%$ai P!aceM 9%$ai
BateM <pri! &9# &014 BateM <pri! &9# &014
+onsolidated $alan+e sheet
as at ma)+h 31* 2014
(:s. in !acs)
note
particulars no
as at
march 3#! (#&
as at
march 3#! (#3
i= eAuiT* and LiaBiLiTieS
(#) ShareholdersB .unds
9a: Share +apital 3 &&#690.67 &&#688.79
9,: :eser)es and srp!s & 8&8#/&7.04 711#098./8
%5#!(#"="# "33!"%"=#"
() non,current lia0ilities
9a: Lon+'ter% $orro*in+s 5 &#/96#&08./0 &#004#//7.45
9,: 3ther Long term lia,ilities $ 98#809./7 1/0#/79.66
9+: Long term pro"isions " 1/0#/00.64 115#91&.07
!$5!3#%=3# !5(!$'=#%
(3) Current lia0ilities
9a: >hort'ter% $orro*in+s % //9#/77.91 459#581.10
9,: Trade paya,les 5&#479./4 76#1&&.5&
9+: 3ther +urrent lia,ilities $ 1#///#885./1 1#178#076.&&
9d: >hort'ter% pro)isions " /0#160.07 &9#&&/.71
#!"55!'(=$3 #!"&3!((3=55
Total 5!3!3%=$5 &!""!&#'='(
ii= aSSeTS
(#) non,current assets
9a: Fi1ed assets '
9i: Tangi,le assets 15#&66.57 6#9&1.85
9ii: 'ntangi,le assets &16.5& 300-42
9iii: 'ntangi,le assets under de"elopment ' 4-10
9,: Non'crrent in)est%ents #( /9#779.99 /0#/65.84
9+: 8eferred ta1 assets 9net: ## &5#555.80 &8#71&.5/
9d: Lon+'ter% !oans and ad)ances # &#/76#96/.99 &#1&4#857.&8
9e: 7ther non'crrent assets #3 9#44&.50 17#016.5&
!&$"!5=3" !(%!#"%=5&
() Current assets
9a: Current in"estments #& &0/#746.// &97#659.6/
9,: Trade re+ei"a,les #5 190.67 0.49
9+: Cash and ,an& ,alan+es #$ 711#84/.68 6/5#17&.69
9d: >hort'ter% !oans and ad)ances # 1#841#&/1.5/ 1#578#69&./4
9e: 3ther +urrent assets #3 8#001.07 7#716.&1
!"$5!(#3=% !5#'!&#=3$
Total 5!3!3%=$5 &!""!&#'='(
>i+nificant <ccontin+ Po!icies =#
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= For and on ,ehalf of the $oard of 8ire+tors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
For and on ,ehalf of the $oard of 8ire+tors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
133
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
statement oF +onsolidated 4)oFit & loss
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
note
particulars no
*ear ended
march 3#! (#3
*ear ended
march 3#! (#
inCome
:e)ene fro% operations #" 847#601.9& 701#44&.87
3ther in+ome #% 416.77 15&.9/
Total %&%!(#%=$' "(#!5'5=%(
eCpendiTure
(d2ustment due to de+reaseA9in+rease: in in"entory of "ehi+les 35 ' 96.11
:efr$ish%ent e(penses ' 2-41
1%p!o"ee $enefit e(penses #' 47#159.80 44#/16.7&
Finan+e +ost ( 4&0#&&0.91 /05#894.51
8epre+iation and amortisation ' /#&78.41 &#&71.&4
3ther e1penses # 58#99&./9 45#5&4.8&
4ro"isions & %rite offs 1&1#/&0.86 87#&&/.96
Total $5(!'"=3" &%5!3'=""
Profit 9efore t!tion #'"!(&$=3 #$!$$=(3
Pro'i-ion for t!tion
Current ta1 58#095.87 76#944.1/
LessM 9<T credit entit!e%ent ' (188.&9)
8eferred ta1 /#156.7& (6#878.58)
Totl t! e!pen-e D (income) $#!5=5' $'!%""=$
Profit fter t! from opertion- #35!"'3="3 #&$!3%%=""
>hare of Profit G (Loss) of <ssociate ' (45.98)
%et profit fter t!e- n+
.2re of Profit of $--ocite
#35!"'3="3 #&$!3&="'
earnings per share 3
2asic (:s.) 59.85 64.5&
Bi!ted (:s.) 59.85 64.51
No%ina! )a!e of e;it" share (:s.) 10-00 10-00
>i+nificant <ccontin+ Po!icies =#
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
a= CaSh <Lo) <rom operaTin> aCTi?iTieS
Profit $efore ta(es 197#046./& &16#&66.0/
8epre+iation and amortisation /#&78.41 &#&71.&4
Loss G (profit) on sa!e of fi(ed assets (net) (/06.9&) 55.&4
4ro"ision for diminution in "alue of in"estments 16.81 (178.66)
5mployees Sto+& option +ompensation +ost 11-14 (86.69)
4remium on >o"ernment Se+urities 10.49 0.80
(mortisation of 8is+ount on >o"ernment Se+urities (91.77) (74.8&)
(mortisation of 'ssue e1penses for eLuity shares 15&.78 15&.78
(mortisation of 4u,li+ issue e1penses for non +on"erti,le de,entures 1#467.06 1#578.01
4ro"ision for +redit loss on se+uritisation ' 17#617.4/
4ro"isions for non performing assets and ,ad de,t %ritten off 119#944.56 67#&/8.&8
4ro"isions for standard assets 1#/59.49 &#546.91
4ro"ision for gratuity (1#87/.0/) 466.95
4ro"ision for non mo"ing in"entory ' 93-23:
4ro"ision for lea"e en+ashment 211-10 &6/.01
1perting profit 9efore working cpitl c2nge- 3#!$=&& 3(%!##3=%
movements in )or-ing capital5
'n+rease A 9de+rease: in trade paya,les (&/#64/.18) 16#4&&.46
'n+rease A 9de+rease: in pro"isions (19#/0&.54) (/5#178.94)
Increase G (decrease) in pro)ision for ser)ice ta(' contested 15.81 &6./6
'n+rease A 9de+rease: in other lia,ilities (1&6#09/.1/) (&9#0&6.7/)
8e+rease A 9in+rease: in trade re+ei"a,les (190.17) &5./0
8e+rease A 9in+rease: in in"entories ' 96.11
9'n+rease: A de+rease in in"estments 84#561.&9 41#448.98
8e+rease A 9in+rease: in loans and ad"an+es (596#01&.4/) (1#015#699.&8)
8e+reaseA9in+rease: in ,an& deposits
9ha"ing original maturity of more than three months:9net:
15#450.8& (4/#78&.8/)
8e+rease A 9in+rease: in other assets &7/.41 1/9.89
Cash generated .rom operations (3&3!"#3=$%) ("5"!&#5=&()
8ire+t ta1es paid 9net of refunds: (61#760.78) (78#447.16)
%et c-2 flow u-e+ in operting cti'itie- ($) (&(5!&"&=&$) (%35!%$=5$)
B= CaSh <Lo)S <rom in?eSTin> aCTi?iTieS
Prchase of fi(ed inc!din+ intan+i$!e assets (11#74/./4) 94*321-22:
Proceeds fro% sa!e of fi(ed assets 516./9 1/6.9&
net cash used in investing activities (B) (##!$='5) (&!#%&=3()
CaSh <Lo)S <rom <inanCin> aCTi?iTieS
4ro+eeds from issuan+e of eLuity share +apital 1.88 6.&5
Se+urities premium on issue of eLuity +apital 4.70 15.6&
(mount re+ei"ed from institutional ,orro%ing 1#95/#898.05 &#457#610./4
(mount re+ei"ed from 4u,li+ issue of non +on"erti,le de,entures 1&/#589.04 60#000.00
Increase G (decrease) in :etai! $orro*in+s 1&7#&15.4& 84#04&.75
134
Shriram Transport Finan+e Company Limited
+onsolidated +ash Flo% statement
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
C=
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
For and on ,ehalf of the $oard of 8ire+tors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
135
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
+onsolidated +ash Flo% statement
Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
C= CaSh <Lo)S <rom <inanCin> aCTi?iTieS (Contd=)
(mount redeemed for 4u,li+ issue of non +on"erti,le de,entures (&7#1&0.05) (46#9&/.16)
:epa"%ent of instittiona! $orro*in+ (1#655#581.8/) (1#6&8#9//.99)
4u,li+ issue e1penses for non +on"erti,le de,entures paid (&#448.01) (1#/16.96)
8i"idend paid (15#881.04) (15#877.71)
Ta1 on di"idend (&#698.99) (&#575.76)
%et c-2 from finncing cti'itie- (4) 5((!'"'=#" '($!(&"=3%
%et incre-e D (+ecre-e) in c-2 n+ c-2 e:ui'lent- ($ H B H 4) 84#&77.76 66#000.5&
4-2 n+ 4-2 &:ui'lent- t t2e 9eginning of t2e 6er 450#&//.40 /84#118.&8
Cash and 0an- 0alances ta-en over on merger ' 114.60
4-2 n+ 4-2 &:ui'lent- t t2e en+ of t2e 6er 53&!5##=#$ &5(!33=&(
(:s. in !acs)
4omponent- of 4-2 n+ 4-2 &:ui'lent-
as at
march 3#! (#&
as at
march 3#! (#3
CaSh and CaSh eAui?aLenTS aT The end o< The *ear
i: Cash on hand 1/#608.57 9#488.&&
ii: CheLues on hand 4#197.&5 5#419.&8
iii: Call 7oney 9C$L3: 69#88&.5/ '
i": 2a!ances *ith sched!ed $an,s inM
Current a++ounts 185#45&.85 /77#159.68
;npaid di"idend a++ounts P 77/.96 6&9.&&
8eposits %ith orginal maturity of less than three months &60#596.00 57#5/7.00
ToTaL CaSh and CaSh eAui?aLenTS (noTe #$) 53&!5##=#$ &5(!33=&(
>i+nificant <ccontin+ Po!icies (Note &.1)
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
notes
1) The a$o)e cash f!o* state%ent ha)e $een prepared nder the indirect %ethod set ot in <ccontin+ >tandard (<>)'/# HCash
Flo% State%ent@ notified nder the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri!
04* 2014* issued ,y the 7inistry of Corporate (ffairs-
&) <!! fi+res in $rac,ets indicate otf!o*.
/) Birect Ta( paid is treated as arisin+ fro% operatin+ acti)ities and are not $ifrcated $et*een in)est%ent and financin+
a+ti"ities-
4: 8uring the year ended 7ar+h 31* 2013* Shriram ?oldings 97adras: 4ri"ate Limited 9S?74L: amalgamated %ith the
Company sin+ DPrchase %ethodE as defined nder <>'14 <ccontin+ for <%a!+a%ations notified nder Co%panies (<>)
:!es# &006 (as a%ended). <ssets and !ia$i!ities ta,en o)er of >C9PL *ere sett!ed for a net consideration of :s.
&79#487#4&5. The said net consideration *as sett!ed in the for% of 500#868 e;it" shares of :s. 10G' each. The Co%pan" has
a!!otted the said shares on No)e%$er 05# &01&. Betai!s of Net <ssets ta,en o)er has $een disc!osed nder Note /4 to the
financia! state%ents. The said net assets in+lude +ash and ,an& ,alances a%ontin+ to :s. &00G' and :s. 11#460#048G'
respecti)e!". The said $a!ances *as ta,en o)er on No)e%$er 05# &01&.
P5) These $a!ances are not a)ai!a$!e for se $" the Co%pan" as the" represent correspondin+ npaid di)idend !ia$i!it".
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014
13
Shriram Transport Finan+e Company Limited
#= BaSiS o< preparaTion
The Conso!idated financia! state%ents re!ates to 9Gs. >hrira% Transport 3inance Co%pan" Li%ited (the co%pan")# its
su,sidiary +ompanies and asso+iate- The +ompany* its su,sidiary +ompanies and asso+iate +onstitute the group- The
financia! state%ents ha)e $een prepared in confor%it" *ith +enera!!" accepted accontin+ princip!es to co%p!" in a!! %ateria!
respects *ith the notified <ccontin+ >tandards (H<>@) nder pro)isions of the Co%panies <ct# 1956 (Hthe <ct@) read *ith
Aenera! Circ!ar 8G&014 dated <pri! 04# &014 # issed $" the 9inistr" of Corporate <ffairs and the +ide!ines issed $" the
:eser)e 2an, of India (H:2I@) as app!ica$!e to a Non 2an,in+ 3inance Co%pan" (HN23C@).The financia! state%ents ha)e
,een prepared under the histori+al +ost +on"ention on an a++rual ,asis- The a++ounting poli+ies ha"e ,een +onsistently
app!ied $" the +rop and are consistent *ith those sed in the pre)ios "ear.The co%p!ete financia! state%ents ha)e $een
prepared along %ith all dis+losures-
= BaSiS o< ConSoLidaTion
i. The financia! state%ents of the s$sidiar" co%panies and the associate sed in the conso!idation are dra*n p to the
same reporting date as of the +ompany i-e- year ended 7ar+h 31* 2014 and are prepared ,ased on the a++ounting
poli+ies +onsistent %ith those used ,y the +ompany-
ii. The financia! state%ents of the +rop ha)e $een prepared in accordance *ith the <> &1' HConso!idated 3inancia!
>tate%ents@ and <> &/ N H<ccontin+ for In)est%ents in <ssociates@ in conso!idated financia! state%ents# notified under
the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri! 04# &014# issed $" the
7inistry of Corporate (ffairs and other generally a++epted a++ounting prin+iples in 'ndia-
iii. The conso!idated financia! state%ents ha)e $een prepared on the fo!!o*in+ $asis M
1. The financia! state%ents of the co%pan" and its s$sidiar" co%panies ha)e $een co%$ined on a !ine'$"'!ine $asis
$" addin+ to+ether !i,e ite%s of assets# !ia$i!ities# inco%e and e(penses. The intra'+rop $a!ances and intra'+rop
transa+tions ha"e ,een fully eliminated e1+ept %here losses are realised-
&. The conso!idated financia! state%ents inc!de the share of profit G !oss of the associate co%pan" *hich has $een
acconted as per the H1;it" %ethod@# and accordin+!"# the share of profit G !oss of the associate co%pan" (the
loss ,eing restri+ted to the +ost of in"estment: has ,een added to A dedu+ted from the +ost of in"estments- (n
associate is an enterprise in *hich the in)estor has si+nificant inf!ence and *hich is neither a s$sidiar" nor a .oint
"enture of the in"estor-
3- The e1+ess of +ost to the +ompany of its in"estments in the su,sidiary +ompanies o"er its share of eLuity of the
su,sidiary +ompanies* at the dates on %hi+h the in"estments in the su,sidiary +ompanies are made* is
re+ognised as HAood*i!!@ $ein+ an asset in the conso!idated financia! state%ents. <!ternati)e!"# *here the share
of e;it" in the su,sidiary +ompanies as on the date of in"estment is in e1+ess of +ost of in"estment of the
+ompany* it is reco+nised as HCapita! :eser)e@ and sho*n nder the head H:eser)es and >rp!s@# in the
conso!idated financia! statements-
4- 7inority interest* if any* in the net assets of +onsolidated su,sidiaries +onsists of the amount of eLuity attri,uta,le
to the minority shareholders at the dates on %hi+h in"estments are made ,y the +ompany in the su,sidiary
+ompanies and further mo"ements in their share in the eLuity* su,seLuent to the dates of in"estments as stated
a,o"e-
13B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
Sr= Countr* o.
no= name o. the Su0sidiar* Compan* incorporation
Share o. o)nership
interest as at march
3#! (#&
Share o. o)nership
interest as at march
3#! (#3
# Shriram 5Luipment Finan+e Company 'ndia
Li%ited (*.e.f. Bece%$er 15# &009)
100H 100H
100H 100H
Countr* o.
name o. the associate Compan* incorporation
Share o. o)nership interest as at
march 3#! (#& march 3#! (#3
' 40-00H
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
i). The fo!!o*in+ s$sidiar" co%panies are considered in the conso!idated financia! state%entsM
Shriram (utomall 'ndia Limited
9%-e-f- Fe,ruary 11* 2010:
'ndia
<s the a%ont in)o!)ed in transactions *ith >hrira% Insrance 2ro,in+ Co%pan" Li%ited are not %ateria!# the financia!
effects ha)e not $een considered in the financia! state%ents.
). The detai!s of <ssociate Co%pan" are as fo!!o*s M
Shriram (sset 7anagement
Company Limited
'ndia
=#= .ignificnt $ccounting Policie-
a=
4urrent D %onEcurrent cl--ifiction of --et- D li9ilitie-
The Compan" has c!assified a!! its assets G !ia$i!ities into crrent G non'crrent portion $ased on the ti%e fra%e of
1& %onths fro% the date of financia! state%ents. <ccordin+!"# assetsG!ia$i!ities e(pected to $e rea!ised Gsett!ed
*ithin
12 months from the date of financia! state%ents are c!assified as crrent and other assetsG !ia$i!ities are c!assifies
as non'crrent.
0= use o. estimates
The preparation of financia! state%ents in confor%it" *ith +enera!!" accepted accontin+ princip!es re;ires
management to ma&e estimates and assumptions that affe+t the reported amounts of assets and lia,ilities and
disc!osre of contin+ent !ia$i!ities at the date of the financia! state%ents and the res!ts of operations drin+ the
reporting period- (lthough these estimates are ,ased upon management!s ,est &no%ledge of +urrent e"ents and
a+tions* a+tual results +ould differ from these estimates- (ny re"isions to the a++ounting estimates are re+ognised
prospe+ti"ely in the +urrent and future years-
c=
)i!e+ --et-, +eprecitionDmorti-tion n+ impirment
Tngi9le fi!e+ --et-
Fi1ed assets are stated at +ost less a++umulated depre+iation and impairment losses* if any- Cost +omprises the
pur+hase pri+e and any attri,uta,le +ost of ,ringing the asset to its %or&ing +ondition for its intended use-
$orro%ing costs re!atin+ to ac;isition of fi(ed assets *hich ta,es s$stantia! "ear of ti%e to +et read" for its
intended se are also in+luded to the e1tent they relate to the year till su+h assets are ready to ,e put to use-
,eprecition on tngi9le fi!e+ --et-
Bepreciation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
!i)es of the respecti)e fi(ed assets and are higher than or eLual to the +orresponding rates pres+ri,ed in S+hedule
S'< of the (+t-
particulars rates (SLm) Schedule Ci? rates (SLm)
4lant and eLuipment 10H 4.754
3rnitre and fi(tres 10H 6.//4
7ffice e;ip%ents 10H 4.754
$uildings 1.6/4 1.6/4
Computers 20H 16.&14
<ehi+les 20H 9.504
Leaseho!d i%pro)e%ent is a%ortised on >L9 o)er the !ease ter% s$.ect to a %a(i%% of 60 %onths.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
<!! fi(ed assets indi)ida!!" costin+ :s. 5#000G' or !ess are f!!" depreciated in the "ear of insta!!ation.
Bepreciation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and loss till the date of a+LuisitionAsale-
intangi0le assets
'ntangi,le assets are stated at +ost less a++umulated amortisation and impairment losses* if any- Cost +omprises
the pur+hase pri+e and any attri,uta,le +ost of ,ringing the asset to its %or&ing +ondition for its intended use-
<%ortisation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
life of the intangi,le asset-
particulars rates (SLm)
Computer soft%are 33-33H
Trademar&s 10-00H
<%ortisation on assets ac;ired G so!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and loss till the date of a+Luisition A sale-
impairment o. assets
The +arrying amount of assets is re"ie%ed at ea+h ,alan+e sheet date if there is any indi+ation of impairment
,ased on internalAe1ternal fa+tors- (n impairment loss is re+ognised %here"er the +arrying amount of an asset
e1+eeds its re+o"era,le amount- The re+o"era,le amount is the greater of the assets* net selling pri+e and
"alue in use- In assessin+ )a!e in se# the esti%ated ftre cash f!o*s are disconted to their present )a!e
sin+ a pre'ta( discont rate that ref!ects crrent %ar,et assess%ents of the ti%e )a!e of %one" and ris,s
specific to the asset.
(fter impairment* depre+iation is pro"ided on the re"ised +arrying amount of the asset o"er its remaining useful
life-
( pre"iously re+ognised impairment loss is in+reased or re"ersed depending on +hanges in +ir+umstan+es-
?o%e"er* the +arrying "alue after re"ersal is not in+reased ,eyond the +arrying "alue that %ould ha"e pre"ailed
,y +harging usual depre+iation if there %as no impairment- The re"ersal of impairment is re+ognised in statement
of profit and !oss accont# n!ess the sa%e is carried at re)a!ed a%ont and treated as re)a!ation reser)e.
d= investments
'n"estments intended to ,e held for not more than a year from the date on %hi+h su+h in"estments are made*
are c!assified as crrent in)est%ents. <!! other in)est%ents are c!assified as !on+'ter% in)est%ents. Crrent
in)est%ents are carried at !o*er of cost and fair )a!e deter%ined on an indi)ida! in)est%ent $asis. Lon+'ter%
in"estments are +arried at +ost- ?o%e"er* pro"ision for diminution in "alue is made to re+ognise a de+line* other
than temporary* in the "alue of the in"estments-
e= Pro'i-ioning D FriteEoff of --et-
Non perfor%in+ !oans are *ritten off G pro)ided for# as per %ana+e%ent esti%ates# s$.ect to the %ini%% pro)ision
re;ired as per Non' 2an,in+ 3inancia! (Beposit <cceptin+ or Co!din+) Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# &007. Be!in;encies on assets secritisedGassi+ned are pro)ided for $ased on %ana+e%ent
estimates of the histori+al data-
Pro)ision on standard assets is %ade as per the notification BN2>.PB.CC.No.&07G 0/.0&.00& G&010'11 issed $"
:eser)e 2an, of India.
.=
Loans
Loans are stated at the a%ont ad)anced inc!din+ finance char+es accred and e(penses reco)era$!e# pto the
,alan+e sheet date as redu+ed ,y the amounts re+ei"ed and loans se+uritised-
g= Leases
)here the Compan* is the lessor
<ssets +i)en on operatin+ !eases are inc!ded in fi(ed assets. Lease inco%e is reco+nised in the state%ent
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
of profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%. Costs# inc!din+ depreciation are reco+nised as
an e(pense in the state%ent of profit and !oss. Initia! direct costs sch as !e+a! costs# $ro,era+e costs# etc. are
reco+nised i%%ediate!" in the state%ent of profit and !oss.
)here the Compan* is the lessee
Leases *here the !essor effecti)e!" retains s$stantia!!" a!! the ris,s and $enefits of o*nership of the !eased ite%s#
are c!assified as operatin+ !eases. 7peratin+ !ease pa"%ents are reco+nised as an e(pense in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%.
h= <oreign currenc* translation
initial recognition
Transa+tions in foreign +urren+y entered into during the year are re+orded at the e1+hange rates pre"ailing on the
date of the transa+tion-
Conversion
7onetary assets and lia,ilities denominated in foreign +urren+y are translated in to rupees at e1+hange rate
pre"ailing on the date of the ,alan+e sheet-
&!c2nge +ifference-
(ll e1+hange differen+es are dealt %ith in+luding differen+es arising on translation settlement of monetary items in
the state%ent of profit and !oss.
)orwr+ e!c2nge contrct- entere+ into to 2e+ge foreign currenc6 ri-k of n e!i-ting --etDli9ilit6
The premium or dis+ount arising at the in+eption of for%ard e1+hange +ontra+t is amortised and re+ognised as an
e1penseAin+ome o"er the life of the +ontra+t- 51+hange differen+e on su+h +ontra+ts are re+ognised in the
statement of profit and !oss in the period in *hich the e(chan+e rates chan+e. <n" profit or !oss arisin+ on
cance!!ation or rene%al of su+h for%ard e1+hange +ontra+t is also re+ognised as in+ome or e1pense for the
period-
i= revenue recognition
:e)ene is reco+nised to the e(tent that it is pro$a$!e that the econo%ic $enefits *i!! f!o* to the co%pan" and the
re"enue +an ,e relia,ly measured-
i. Inco%e fro% financin+ acti)ities is reco+nised on the $asis of interna! rate of retrn on ti%e proportion $asis.
'n+ome from other +harges are ,oo&ed at the +ommen+ement of the +ontra+t- Ser"i+e ta1 on +hargesAfees is
+olle+ted ,y the Company as an intermediary and a++ordingly re"enue is presented on net ,asis-
ii- 'n+ome re+ognised and remaining unrealised after installments ,e+ome o"erdue for si1 months or more
in +ase of se+uredAunse+ured loans are re"ersed and are a++ounted as in+ome %hen these are a+tually
realised-
iii. <dditiona! finance char+es G additiona! interest are treated to accre on!" on rea!isation# de to ncertaint" of
realisation and are a++ounted a++ordingly-
i"- 'n+ome apportioned on se+uritisationAdire+t assignment of loan re+ei"a,les arising under premium stru+ture
is re+ognised o"er the tenure of se+urities issued ,y S4<Aagreements- 'nterest spread under par stru+ture
of se+uritisationAdire+t assignment of loan re+ei"a,les is re+ognised on realisation o"er the tenure of
the Hsecrities issed $" >P0@ G a+ree%ents. LossG1(penditre# if an"# in respect of secritisation Gdirect
assignment is re+ognised upfront-
;nrealised gain on se+uritisation +omprises of future interest re+ei"a,le under par stru+ture of se+uritisationA
assignment-
Se+uritisation deferred +onsideration re+ei"a,le +omprises of Company!s share of future interest strip
re+ei"a,les in +ase of a par stru+ture se+uritised A assigned deals-
). Interest inco%e on fi(ed depositsG%ar+in %one"# ca!! %one"# co!!aterised $orro*in+ and !endin+ o$!i+ation#
certificate of deposits# pass thro+h certificates# s$ordinate de$ts# +o)ern%ent secrities# inter coporate
deposits and treasury ,ills is re+ognised on a time proportion ,asis ta&ing into a++ount the amount
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
outstanding
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
and the rate appli+a,le- 8is+ount* if any* on go"ernment and other se+urities a+Luired as long term
in"estments is re+ognised on a time proportion ,asis o"er the tenure of the se+urities-
"i- 8i"idend is re+ognised as in+ome %hen right to re+ei"e payment is esta,lished ,y the date of ,alan+e
sheet-
)ii. ProfitG!oss on the sa!e of in)est%ents is co%pted on the $asis of *ei+hted a)era+e cost of in)est%ents and
re+ogniGed at the time of a+tual saleAredemption-
"iii- 'n+ome from operating lease is re+ogniGed as rentals* as a++rued on straight line ,asis o"er the period of the
lease-
i1- The re"enue from sale of the used +ommer+ial "ehi+les is re+ogniGed after e1e+ution of the +ontra+t to sale
and deli"ery of the "ehi+le to the ,uyer- <alue added ta1 on sale of used +ommer+ial "ehi+le is +olle+ted ,y
the +ompany as an intermediary and a++ordingly re"enue is presented on net ,asis-
1- 'n+ome from ser"i+es 9for eg- fa+ilitation fees: is re+ogniGed as per the terms of +ontra+ts on a++rual ,asis-
(i. Pre'%atre Bea!er pa"%ent discont is reco+ni-ed as per the ter%s of the a+ree%ent.
D= (etirement n+ ot2er emplo6ee 9enefit-
provident <und
<!! the e%p!o"ees of the +rop are entit!ed to recei)e $enefits nder the pro)ident fnd# a defined contri$tion p!an
in %hi+h ,oth the employee and the >roup +ontri,ute monthly at a stipulated rate- The group has no lia,ility for
ftre pro)ident fnd $enefits other than its anna! contri$tion and reco+nises sch contri$tions as an e(pense
in the period in %hi+h ser"i+e is re+ei"ed-
>ratuit*
The +rop pro)ides for the +ratit"# a defined $enefit retire%ent p!an co)erin+ a!! e%p!o"ees. The p!an pro)ides
for lump sum payments to employees upon death %hile in employment or on separation from employment after
ser)in+ for the stip!ated "ear %entioned nder HThe Pa"%ent of Aratit" <ct# 197&@. Lia$i!ities *ith re+ard to
the >ratuity 4lan are determined ,y a+tuarial "aluation at ea+h $alan+e Sheet 8ate using the 4ro2e+ted ;nit
Credit 9ethod. The +rop f!!" contri$tes a!! ascertained !ia$i!ities to The Trstees' >hrira% Transport 3inance
Company Limited 5mployees >roup >ratuity (ssuran+e S+heme- Trustees administer +ontri,utions made to the
trst and contri$tions are in)ested in a sche%e of insrance *ith the I:B< appro)ed Insrance Co%panies. The
group re+ogniGes the net o,ligation of the gratuity plan in the $alan+e Sheet as an asset or lia,ility* respe+ti"ely in
accordance *ith <>'15 H1%p!o"ee 2enefits@. <ctaria! +ains and !osses arisin+ fro% e(perience ad.st%ents and
chan+es in actaria! ass%ptions are reco+ni-ed in the >tate%ent of Profit and Loss in the period in *hich the"
arise-
Leave encashment
<cc%!ated !ea)e# *hich is e(pected to $e ti!i-ed *ithin the ne(t t*e!)e %onths# is treated as short'ter% e%p!o"ee
$enefit. The +rop %easres the e(pected cost of sch a$sences as the additiona! a%ont that it e(pects to pa"
as a result of the unused entitlement that has a++umulated at the reporting date-
The +rop treats acc%!ated !ea)e e(pected to $e carried for*ard $e"ond t*e!)e %onths# as !on+'ter% e%p!o"ee
$enefit for %easre%ent prposes. >ch !on+'ter% co%pensated a$sences are pro)ided for $ased on the actaria!
"aluation using the pro2e+ted unit +redit method at the reporting date- (+tuarial gainsALosses are immediately
ta&en to the state%ent of profit and !oss and are not deferred.
The group presents the entire lea"e as a +urrent lia,ility in the ,alan+e sheet* sin+e it does not ha"e an
un+onditional right to defer its settlement for t%el"e months after the reporting date-
-= *ncome t!
Ta1 e1pense +omprises of +urrent ta1 and deferred ta1- Current in+ome ta1 is measured at the amount e1pe+ted
to $e paid to the ta( athorities in accordance *ith the Indian Inco%e Ta( <ct# 1961. Beferred inco%e ta(es
ref!ects the impa+t of +urrent year timing differen+es ,et%een ta1a,le in+ome and a++ounting in+ome for the
period and re"ersal of timing differen+es of earlier periods- 8eferred ta1 is measured ,ased on the ta1 rates and
the ta1 la%s
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
141
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
ena+ted or su,stanti"ely ena+ted at the ,alan+e sheet date- 8eferred ta1 assets are re+ognised only to the e1tent
that there is reasona$!e certaint" that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich sch deferred
ta1 assets +an ,e realised- 'n situations %here the group has una,sor,ed depre+iation or +arry for%ard ta1
losses* all deferred ta1 assets are re+ognised only if there is "irtual +ertainty supported ,y +on"in+ing e"iden+e
that they can $e rea!ised a+ainst ftre ta(a$!e profits.
The n'reco+nised deferred ta( assets are re'assessed $" the +rop at each $a!ance sheet date and are
reco+nised to the e(tent that it has $eco%e reasona$!" certain or )irta!!" certain# as the case %a" $e that
sfficient ftre ta1a,le in+ome %ill ,e a"aila,le against %hi+h su+h deferred ta1 assets +an ,e realised-
The +arrying +ost of the deferred ta1 assets are re"ie%ed at ea+h ,alan+e sheet date- The group %rites do%n the
+arrying amount of a deferred ta1 asset to the e1tent that it is no longer reasona,ly +ertain or "irtually +ertain* as
the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich deferred ta( asset can $e
realised- (ny su+h %rite do%n is re"ersed to the e1tent that it ,e+omes reasona,ly +ertain or "irtually +ertain* as
the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e.
9ini%% <!ternate Ta( (9<T) paid in a "ear is char+ed to the state%ent of profit and !oss as crrent ta(. The +rop
re+ognises 7(T +redit a"aila,le as an asset only to the e1tent that there is +on"in+ing e"iden+e that the group
*i!! pa" nor%a! inco%e ta( drin+ the specified period i.e the period for *hich 9<T credit is a!!o*ed to $e carried
for%ard- 'n the year in %hi+h the group re+ognises 7(T +redit as an asset in a++ordan+e %ith the guidan+e note
on accontin+ for credit a)ai!a$!e in respect of 9<T nder the Inco%e ta( <ct# 1961# the said asset is created $"
*a" of credit to the state%ent of profit and !oss and sho*n as D9<T credit entit!e%entE. The Arop re)ie*s the
X7(T +redit entitlementY asset at ea+h reporting date and %rites do%n the asset to the e1tent the group does not
ha)e con)incin+ e)idence that it *i!! pa" nor%a! ta( drin+ the specified period.
l= Segment reporting policies
*+entifiction of -egment-7
The group!s operating ,usinesses are organised and managed separately a++ording to the nature of produ+ts
and ser"i+es pro"ided* %ith ea+h segment representing a strategi+ ,usiness unit that offers different produ+ts and
ser"es different mar&ets- The analysis of geographi+al segments is ,ased on the areas in %hi+h ma2or operating
di"isions of the group operate-
unallocated items5
;nallo+ated items in+lude in+ome and e1penses %hi+h are not allo+ated to any reporta,le ,usiness segment-
Segment policies 5
The group prepares its segment information in +onformity %ith the a++ounting poli+ies adopted for preparing and
presentin+ the financia! state%ents of the +rop as a *ho!e.
m= earnings per share
2asic earnin+s per share is ca!c!ated $" di)idin+ the net profit or !oss for the "ear attri$ta$!e to e;it"
shareholders 9after dedu+ting attri,uta,le ta1es: ,y the %eighted a"erage num,er of eLuity shares outstanding
during the year-
3or the prpose of ca!c!atin+ di!ted earnin+s per share# the net profit or !oss for the "ear attri$ta$!e to e;it"
shareholders and the %eighted a"erage num,er of shares outstanding during the year are ad2usted for the
effe+ts of all diluti"e potential eLuity shares-
n= provisions
( pro"ision is re+ognised %hen the group has a present o,ligation as a result of past e"entJ it is pro,a,le that
otf!o* of resorces *i!! $e re;ired to sett!e the o$!i+ation# in respect of *hich a re!ia$!e esti%ate can $e %ade.
4ro"isions are not dis+ounted to its present "alue and are determined ,ased on ,est estimate reLuired to settle
the o$!i+ation at the $a!ance sheet date. These are re)ie*ed at each $a!ance sheet date and ad.sted to ref!ect
the +urrent ,est estimates-
142
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
o= 4-2 n+ c-2 e:ui'lent-
Cash and cash e;i)a!ents in the cash f!o* state%ent co%prise cash at $an, and in hand# che;es on hand#
remittan+es in transit and short term in"estments %ith an original maturity of three months or less-
p= &:uit6 -2re- n+ +e9enture- i--ue e!pen-e-
51penses in+urred on issue of eLuity shares are +harged on a straight line ,asis o"er a period of 10 years-
4u,li+ issue e1penses* other than the ,ro&erage* in+urred on issue of de,entures are +harged off on a straight
line ,asis o"er the %eighted a"erage tenor of underlying de,entures- The ,ro&erage in+urred on issue of
de,entures is treated as e1penditure in the year in %hi+h it is in+urred-
1(penses incrred for pri)ate p!ace%ent of de$entres# are char+ed to state%ent of profit and !oss in the "ear in
%hi+h they are in+urred-
:. Borro)ing costs
$orro%ing +ost in+ludes interest and e1+hange differen+es arising from foreign +urren+y ,orro%ings to the e1tent
they are regarded as an ad2ustment to the interest +ost- (n+illary and other ,orro%ing +osts are +harged to
state%ent of profit J !oss in the "ear in *hich the" are incrred.
r= emplo*ee stoc- compensation costs
'n a++ordan+e %ith the S5$' 95mployee Sto+& 3ption S+heme and 5mployee Sto+& 4ur+hase S+heme:
>uidelines*
1999 and the Aidance Note on <ccontin+ for 1%p!o"ee >hare'$ased Pa"%ents# issed $" The Institte of
Chartered (++ountants of 'ndia* the +ompensation +ost relating to employee sto+& options is measured and
re+ognised using intrinsi+ "alue method- Compensation e1pense is amortised o"er the "esting period of the
option on a straight line ,asis-
s= Contingent lia0ilities
< contin+ent !ia$i!it" is a possi$!e o$!i+ation that arises fro% past e)ents *hose e(istence *i!! $e confir%ed $"
the occrrence or non'occrrence of one or %ore ncertain ftre e)ents $e"ond the contro! of the +rop or a
present o$!i+ation that is not reco+ni-ed $ecase it is not pro$a$!e that an otf!o* of resorces *i!! $e re;ired to
settle the o,ligation- ( +ontingent lia,ility also arises in e1tremely rare +ases %here there is a lia,ility that +annot
,e re+ogniGed ,e+ause it +annot ,e measured relia,ly- The group does not re+ogniGe a +ontingent lia,ility ,ut
disc!oses its e(istence in the financia! state%ents.
as at
march 3#! (#&
3= Share CapiTaL
authorised
/97#000#000 (9arch /1# &01/M /97#000#000)
1;it" >hares of :s.10G' each /9#700.00 /9#700.00
&0#000#000 (9arch /1# &01/M &0#000#000)
Preference >hares of :s.100G' each 20*000-00 20*000-00
5'!"((=(( 53!5((=((
issued and Su0scri0ed share capital
&&6#9/6#877( 9arch /1# &01/M &&6#918#077)
e;it" shares of :s. 10G' each &&#69/.69 &&#691.81
paid up (<ull* paid up)
&:uit6 .2re-
&&6#88&#7/6 (9arch /1# &01/M &&6#86/#9/6)
e;it" shares of :s. 10G' each &&#688.&7 &&#686./9
!$%%=" !$%$=3'
48#000 e;it" shares of :s.10G' each (:s 5G' each paid p forfeited) 2-40 2-40
Total !$'(=$" !$%%="'
(econcilition of t2e e:uit6 -2re- out-tn+ing t t2e
0eginning and at end o. reporting period=
Shares outstanding at the ,eginning of the year
as at march 3#! (#& as at march 3#! (#3
num0ers
o. shares
&&6#86/#9/6
rs=
in lacs
&&#686./9
num0ers
o. shares
&&6#/00#568
rs=
in lacs
&&#6/0.06
Issed drin+ the "ear ' 1%p!o"ee stoc, option sche%e
R:efer Note &6S 18#800 1.88 6&#500 6.&5
'ssued on a++ount of merger of Shriram ?oldings
(9adras) Pri)ate Li%ited R:efer Note /4S ' ' 500#868 50.08
Shares outstanding at the end o. the *ear $!%%!"3$ !$%%=" $!%$3!'3$ !$%$=3'
143
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
a=
0= Term-Drig2t- ttc2e+ to e:uit6 -2re-
The co%pan" has on!" one c!ass of e;it" shares ha)in+ a par )a!e of :s. 10G' per share. 1ach ho!der of e;it"
shares is entitled to one "ote per share- The di"idend is su,2e+t to the appro"al of the shareholders in the ensuing
annual general meeting-
8uring the year ended 7ar+h 31* 2014* the amount of per eLuity share di"idend re+ogniGed as distri,utions to eLuity
shareho!ders *as :s. 7.00 ( 9arch /1# &01/ M :s. 7.00). 7t of the tota! di)idend dec!ared drin+ the "ear ended
9arch /1# &014# a%ont of interi% di)idend paid *as :s. /.00 per e;it" share ( 9arch /1# &01/M :s. /.00) and
a%ont of fina! di)idend proposed *as :s. 4.00 per e;it" share ( 9arch /1# &01/M :s. 4.00).
'n the e"ent of liLuidation of the +ompany* the holders of eLuity shares %ill ,e entitled to re+ei"e remaining assets of
the +ompany* after distri,ution of all preferential amounts- The distri,ution %ill ,e in proportion to the num,er of
eLuity shares held ,y the shareholders-
c=
Shares reserved .or issue under options
The Co%pan" has reser)ed Ni! (9arch /1# &01/M 18#800) e;it" shares for isse nder e%p!o"ee stoc, option sche%e
&005. Brin+ the "ear ended 9arch /1# &014# 18#800 e;it" shares *ere )ested and e(ercised.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
144
Shriram Transport Finan+e Company Limited
d= $ggregte num9er of e:uit6 -2re- i--ue+ for con-i+ertion ot2er t2n c-2 +uring t2e perio+ of fi'e
*ears immediatel* preceeding the reporting date5
The co%pan" has issed tota! /#71&#568 e;it" shares (9arch /1# &01/ M 4#069#968) drin+ the period of fi)e "ears
immediately pre+eding the reporting date on e1er+ise of options granted under the employee sto+& option plan
95S34: *herein part consideration *as recei)ed in for% of e%p!o"ee ser)ice# and inc!des 500#868 e;it" shares
issed on a++ount of merger of Shriram ?oldings 97adras: 4ri"ate Limited as per note 9f: gi"en ,elo%-
e= ,etil- of -2re2ol+er- 2ol+ing more t2n 53 e:uit6 -2re- in t2e compn6
details o. shareholding as at march 3#! (#& as at march 3#! (#3
name o. the Shareholder
num0er o.
Shares
8 holding
in the
class
num0er o.
Shares
8 holding
in the
class
&:uit6 -2re- of (-. 10DE ec2
Shriram Capital Limited 59#10/#16& &6.054 58#50&#778 &5.794
Ne*$rid+e India In)est%ent II Li%ited ' ' &&#847#468 10.074
4?L Capital 4ri"ate Limited &&#600#000 9.964 ' '
>enesis 'ndian 'n"estment Company Limited 1/#648#064 6.0&4 1/#9&6#&56 6.144
(s per the re+ords of the Company* in+luding its register of shareholdersAmem,ers* the a,o"e shareholding
represents legal o%nerships of shares-
.= The ?on!,le 7adras ?igh Court san+tioned the S+heme of (rrangement for merger of Shriram ?oldings 97adras:
Pri)ate Li%ited (>C9PL) *ith the Co%pan"( Hthe >che%e@) and the >che%e ca%e into effect fro% No)e%$er
05#&01& *hen the Co%pan" fi!ed the >che%e *ith the :e+istrar of Co%panies# Ta%i! Nad# Chennai. Prsant
to the >che%e# the in)est%ent of >C9PL in the share capita! of the Co%pan" )i-. 9/#/71#51& f!!" paid'p 1;it"
shares of :s.10G' each stood cance!!ed and the Co%pan" issed and a!!otted 9/#87&#/80 ne* 1;it" shares of :s.
10G' each f!!" paid'p to the shareho!ders of >C9PL. This res!ted into increase of :s. 50.09 !acs in the paid'p
capita! of the Co%pan" *ith effect fro% No)e%$er 05# &01&. The %er+er is effecti)e fro% <pri! 01# &01& and the
effect of the sa%e is considered in the financia! state%ents for the "ear ended 9arch /1# &01/.
as at
march 3#! (#&
&= reSer?eS and SurpLuS
Capital reserve
$alan+e as per last a++ount &#761.8/ 17.0/
<ddM 7n accont of %er+er of >hrira% Co!din+s (9adras) Pri)ate
Li%ited R:efer Note /4S ' &#744.80
Closing 0alance !"$#=%3 !"$#=%3
Capital redemption reserve 5!3%%=35 5!3%%=35
Securities premium account
$alan+e as per last a++ount 175#44&./6 175#/&&.0&
<ddM <ddition on 1>7Ps e(ercised 4.70 15.6&
<ddM Transferred fro% stoc, options otstandin+ 34-00 104.7&
Closing 0alance #"5!&%#=($ #"5!&&=3$
de0enture redemption reserve
$alan+e as per last a++ount /0#180.0/ 5&#1/6.1&
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 19#/70.76 15#815.&6
LessM Transfer to state%ent of Profit and Loss on accont of
redemption (8#&15./5) (&/#461.58)
LessM Transfer to state%ent of Profit and Loss on accont of re)ised
guidelines P ' (14#/09.77)
Closing 0alance &#!335=&& 3(!#%(=(3
Stoc- option outstanding
5mployee sto+& option outstanding 114.75 34-00
Less M Beferred e%p!o"ee co%pensation otstandin+ (104.51) (0.90)
Closing 0alance #(=& 33=#(
other reserves
Statutor* reserve pursuant to Section &5,iC o. The rBi act! #'3&
$alan+e as per last a++ount 1/&#055.44 10&#&55.44
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss &7#800.00 &9#800.00
Closing 0alance #5'!%55=&& #3!(55=&&
>eneral reserve
$alan+e as per last a++ount 65#15/.6/ 51#15/.6/
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 13*000-00 14*000-00
Closing 0alance "%!#53=$3 $5!#53=$3
.urplu- in -ttement of Profit n+ =o--
$alan+e as per last a++ount /00#08/.&1 194#088.1/
<ddM Profit for the crrent "ear 1/5#79/.7/ 146#/88.77
<ddM 1(cess pro)ision *ritten $ac, ' ta( on di)idend ' 0-41
Less5 appropriations
Transfer to stattor" reser)e as per >ection 45'IC of
The :2I <ct# 19/4 (&7#800.00) (&9#800.00)
Transfer to general reser"e 913*000-00: 914*000-00:
Transfer toAfrom de,enture redemption reser"e (11#155.41) &1#956.09
Interi% di)idend Ra%ont per share :s./.00
(9arch /1# &01/M :s. /.00)S (6#806.48) (6#8&5.68)
Ta1 on interim di"idend (1#156./4) (1#107./0)
Proposed fina! di)idend Ra%ont per share :s. 4.00
(9arch /1# &01/M :s. 4.00)S (9#075./1) (9#074.56)
Ta1 on proposed di"idend (1#54&./5) (1#54&.&&)
Total appropriations ("(!535=%') (&(!3'3=$")
%et -urplu- -ttement of Profit n+ =o-- 3$5!3&#=(5 3((!(%3=$&
Total reserves and surplus %%!3"=(& "##!('%=3%
145
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
P <s per Aenera! circ!ar no 04G&01/ dated 3e$rar" 11# &01/ issed $" 9inistr" of Corporate <ffairs# Be$entre
:ede%ption :eser)e re;ired to %aintained is re)ised to &54 fro% 504 # hence# the e(cess a%ont has $een
transferred $ac, to the state%ent of Profit and Loss for the "ear ended 9arch /1# &01/.
14
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturitiesE
non,current
portion
Current
maturitiesE
5= Lon> Term Borro)in>S
Su,ordinated de,ts 9;nse+ured: 411#67/./1 50#441.7& /&7#509.6/ 54#&67.15
redeema0le non,converti0le de0entures
Se+ured 894#/&0.18 458#&17.08 886#877.87 /57#691.41
LessM ?na%ortised discont (145.65) (1#194.0&) 92*120-34: (&#&84.0/)
%'&!#"&=53 &5"!(3=($ %%&!"5"=53 355!&("=3%
;nse+ured &#150.00 79#580.00 81#7/0.00 47#/80.00
LessM ?na%ortised discont ' (110.08) (110.08) (784.49)
!#5(=(( "'!&$'=' %#!$#'=' &$!5'5=5#
Term loans .rom 0an-s
;nse+ured 10*000-00 ' 10*000-00 10*000-00
Se+ured 8&0#077.97 46/#71/.06 577#7&1.57 /14#599.&4
Fi1ed deposits 9;nse+ured: 19&#410.45 /8#011.76 68#&&0.0& 66#418.&8
Term lon- from finncil in-titution- D corporte-
Se+ured 65#700.00 /8#800.00 54#500.00 &7#000.00
Loans and advances .rom related parties
Su,ordinated de,ts 9;nse+ured:
from (sso+iate ' ' ' 413-40
fro% :e!ati)e of 9ana+in+ Birector 1-10 ' 0-30 '
:edee%a$!e non'con)erti$!e de$entres (>ecred)
from (sso+iate ' ' /.60 2-40
from 7anaging 8ire+tor 4./8 ' ' '
fro% :e!ati)e of 9ana+in+ Birector 14.47 1./9 4.88 2-21
Fi1ed deposits 9;nse+ured:
fro% :e!ati)e of 9ana+in+ Birector &.09 ' ' 1-02
Total !3'$!(%=3( #!#"!&$(='# !((&!33"=&5 %"&!"($=5'
P<%ont disc!osed nder the Note 6 7ther crrent !ia$i!ities
14B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
a) Su0ordinated de0t , unsecured
i) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 100,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 ' ' #3!"$'=((
48'60 %onths ' ' 4#541.00 ' &!5&#=((
&4'/6 %onths ' 5#000.00 ' ' 5!(((=((
1&'&4 %onths ' &5#577.00 ' ' 5!5""=((
Total , &&!3&$=(( &!5&#=(( , &%!%%"=((
Current maturit*
upto # months , #5!(((=(( 5!5((=(( , (!5((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 4#541.00 ' #%!3#(=((
/6'48 %onths ' 5#000.00 ' ' 5!(((=((
&4'/6 %onths ' &5#577.00 ' ' 5!5""=((
1&'&4 %onths ' 15#000.00 5#500.00 ' (!5((=((
Total , 5'!3&$=(( #(!(&#=(( , $'!3%"=((
Current maturit*
upto # months , , #(!5#(=(( , #(!5#(=((
ii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 116#710.00 5#000.00 ' ##!"#(=((
48'60 %onths &#500.00 &5#6/0.00 6#670.00 ' 3&!%((=((
/6'48 %onths ' &5#500.00 ' ' 5!5((=((
&4'/6 %onths ' 5#000.00 &#500.00 ' "!5((=((
1&'&4 %onths ' /5#000.00 ' ' 35!(((=((
Total !5((=(( ("!%&(=(( #&!#"(=(( , &!5#(=((
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 100#890.00 11#670.00 ' ##!5$(=((
48'60 %onths ' &5#500.00 ' ' 5!5((=((
/6'48 %onths ' 5#000.00 &#500.00 ' "!5((=((
&4'/6 %onths ' /5#000.00 ' ' 35!(((=((
Total , #$$!3'(=(( #&!#"(=(( , #%(!5$(=((
Current maturit*
upto # months , #5!(((=(( , , #5!(((=((
14D
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
iii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 65#695.1& ' ' $5!$'5=#
48'60 %onths 5.40 47#109.&9 ' ' &"!##&=$'
/6'48 %onths 1#481.88 6#589.06 ' ' %!("(='&
&4'/6 %onths 46.99 /#487.45 ' ' 3!53&=&&
1&'&4 %onths ' 5#551.41 0.50 ' 5!55#='#
Total #!53&=" #%!&3=33 (=5( , #'!'$"=#(
Current maturit*
upto # months , %!(3%=3" #!'(3=35 , '!'&#="
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths 5.40 &&#148.&1 ' ' !#53=$#
48'60 %onths 1#481.88 6#589.06 ' ' %!("(='&
/6'48 %onths 46.99 /#487.45 ' ' 3!53&=&&
&4'/6 %onths ' 5#551.41 0.50 ' 5!55#='#
1&'&4 %onths ' 8#0/8./7 &1#90/./5 ' '!'&#="
Total #!53&=" &5!%#&=5( #!'(3=%5 , $'!5=$
Current maturit*
upto # months , !&((=3" $!""(=#% , '!#"(=55
Total Su0ordinated de0ts
(:s. in !acs)
as at march 3#! (#3
as at march 3#! (#&
non,current
portion
Current
maturities
non,current Current
portion maturities
4ri"ately pla+ed 9iIiiIiii: 40/#/64.10 50#441.7& /19#199.6& 54#680.55
4u,li+ issue 9i": 8#/10./1 ' 8#/10./1 '
Total Su0ordinated de0ts &##!$"&=&# 5(!&&#=" 3"!5('='3 5&!$%(=55
LessM issed to re!ated parties 1-10 ' 0-30 413-40
Total &##!$"3=3# 5(!&&#="
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
14#
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
5= Lon> Term Borro)in>S (Contd=)
iv) Pu9lic i--ue of -u9or+inte+ +e9t of (-. 1,000DE ec2 (2010)E:uote+
Long term 0orro)ing
option detail
(:s. in !acs)
rate o.
interest
as at march
3#! (#&
as at march redeema0le
3#! (#3 at par on
7ption 'I0 10-41H 91.00 91.00 1'In'17
10.814 1#687.00 1#687.00 1'9ar'17
11.&54 /#746.08 /#746.08 1'Bec'16
7ption '0 10.&54 110-30 110-30 1'In'17
10.754 204-32 204-32 1'In'17
11-00H &#471.61 &#471.61 1'In'17
Total %!3#(=3# %!3#(=3#
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/
3"!5('=$3 5&!$"=#5
B) non,converti0le de0enture (nCd),Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par 9from the
date of the $alan+e Sheet:
rate o. interest
F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total E
amount amount amount amount amount amount
48'60 %onths ' 1#978.// ' ' ' #!'"%=33
/6'48 %onths ' 9#/85.75 9/9.5& ' ' #(!35="
&4'/6 %onths 1.84 47#445.47 719.40 0.88 ' &%!#$"=5'
1&'&4 %onths &#584.05 1/7#415.90 ' 79&.9& ' #&(!"'=%"
Total !5%5=%' #'$!5=&5 #!$5%=' "'3=%( , (#!$&=($
Current maturit*
upto # months %!"3$=#% #((!(#&=#& $=&( 3##=%( , #('!($%=5
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
150
Shriram Transport Finan+e Company Limited
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par 9from the
date of the $alan+e Sheet:
(:s. in !acs)
rate o. interest
F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total
amount amount amount amount amount amount
48'60 %onths ' 8#61/.59 9/9.5& ' ' '!553=##
/6'48 %onths 1.84 6#5/4.46 719.88 0.88 ' "!5"=($
&4'/6 %onths 1#669.55 1/6#8/&.48 ' 79&.9& ' #3'!'&='5
1&'&4 %onths /#6/7.90 100#19&.44 6.40 /11.80 ' #(&!#&%=5&
Total 5!3('=' 5!#"='" #!$$5=%( #!#(5=$( , $(!53=$$
Current maturit*
upto # months &$!"3"="' '!#('=3# #!5%=%' %=3 (=&% ""!"#="'
nature o. securit*
Se+ured ,y eLuita,le mortgage of immo"a,le property- Further se+ured ,y +harge on plant and ma+hinery*
frnitre and other fi(ed assets of the Co%pan"# char+e on Co%pan"@s h"pothecation !oans# other !oans#
ad"an+es and in"estments of the Company su,2e+t to prior +harges +reated or to ,e +reated in fa"our of the
Co%pan"@s $an,ers# financia! instittions and others.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
P <%ont pertains to de$entres issed prior to notification of the :2I Circ!ar BN2B(PB) CC No.
//0G0/.10.001G&01&'1/ dated Ine &7# &01/.
(ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= #&5=$5 lacs)
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8I
GH #(8 F
#8 EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
7)er 60 %onths 5#960.00 1&0#9&0.00 ' ' ' #$!%%(=((
48'60 %onths 1#500.00 17#500.00 ' ' ' #'!(((=((
/6'48 %onthsU /#800.00 76#000.00 ' ' ' "'!%((=((
&4'/6 %onthsPUV 7#750.00 1&/#805.00 ' ' ' #3#!555=((
1&'&4 %onthsU 6#600.00 4/#800.00 ' ' ' 5(!&((=((
Total 5!$#(=(( 3%!(5=(( , , , &("!$35=((
P Inc!des & NCBs of :s. 6&5.00 !acs each part!" paid to the e(tent of :s. 50#000G'
UNCBs a%ontin+ to :s. 4#700.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
151
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.604 6&5.00 1&'<+'16
Total $5=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= #!#'&=( lacs )
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8IJ
GH #(8 F
#8EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsEIJ $"!##(=(( &$!3$5=(( , , , 3#3!&"5=((
P Inc!des 1 NCB of :s. 6&5.00 !acs part!" paid to the e(tent of :s. 50#000G'.
UNCBs a%ontin+ to :s. &&#/50.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
2
3
4
5
6
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.504 6&5.00 1/'<+'14
10-00H 15#000.00 6'<+'14
10-30H 20*000-00 &0'I!'14
9./54 15#000.00 &/'In'14
9./54 5#000.00 &/'In'14
9.754 &#500.00 &5'<pr'14
Total 5%!#5=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= !#(=3& lacs )
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8I
GH #(8 F
#8 EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
48'60 %onths PU /#800.00 76#000.00 ' ' ' "'!%((=((
/6'48 %onthsUV 750.00 /8#1&5.00 ' ' ' 3%!%"5=((
&4'/6 %onthsU 47#100.00 7&#580.00 ' ' ' ##'!$%(=((
1&'&4 %onthsUV /9#010.00 168#585.00 ' ' ' ("!5'5=((
Total '(!$$(=(( 355!'(=(( , , , &&5!'5(=((
P Inc!des & NCBs of :s. 6&5.00 !acs each part!" paid to the e(tent of :s. 50#000G'.
UNCBs a%ontin+ to :s. &5#550.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
152
Shriram Transport Finan+e Company Limited
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
10.604 6&5.00 1&'<+'16
10.504 6&5.00 1/'<+'14
10-30H 20*000-00 &0'I!'14
Total #!5(=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= !%&=(3 lacs)
redeema0le at par 9from the
date of the $alan+e Sheet:
(:s. in !acs)
rate o. interest
F #(8IJ
GH #(8
F #8I
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsIJ #'!5#(=(( #%"!##(=(( 3#!(((=(( , , 3"!$(=((
UNCBs a%ontin+ to :s. 19#410.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
4
5
6
10-30H 31*000-00 6'Ian'14
9.&04 30*000-00 &4'In'1/
9.004 20*000-00 &'9a"'1/
10-00H 15#000.00 &5'<pr'1/
9.754 18#000.00 6'<+'1/
10.5/4 20*000-00 &7'9ar'14
Total #3&!(((=((
nature o. Securit*
>ecred >ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
iii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &014
Current maturit*
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8
GH #(8 F
#8E
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsE , #!$((=(( , , , #!$((=((
PPart!" paid to the e(tent of :s. 100#000G'
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and
at par on Call option
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
7ption 'I
7ption 'II
11-00H ' 1#464.79
11.&54 ' &80.18
11.&54 ' 1#096.49
11.504 ' /78.4/
,
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
1'7ct'1/ '
&6'<+'14 '
1'7ct'1/ '
&6'<+'14 '
7ption 'I
7ption 'II
7ption 'III
7ption 'I0
11-00H 1#484.6& '
11.&54 &60./6 '
11-00H ' &#9&9.58
11.&54 ' 560./6
11.&54 1*123-20 '
11.504 /51.7& '
11.&54 ' &#19&.99
11.504 ' 756.85
11-03H ' 10#4&&.51
11-03H 7#508.65 '
11-00H ' &#&74.1&
11-00H 999.10 '
##!""=$&
153
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &01/
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &01/
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
iv) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (200#)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
3!#'=%'
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total
#'!#3$=&
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 9.004 1#4&4.68 ' 1'In'15 '
9.504 /#918.55 ' 1'In'15 '
9.754 1#160.60 ' 1'In'15 '
10-00H &/1.60 ' 1'In'15 '
3ption .'' 9.504 897.0/ 897.0/ 1'In'17 1'In'15
10-00H 8/&.&0 8/&.&0 1'In'17 1'In'15
10.&54 /#80&.59 /#741.65 1'In'17 1'In'15
10.504 7&&.54 78/.48 1'In'17 1'In'15
3ption .''' 9.754 808.45 808.45 1'In'15 '
10.&54 785.68 785.68 1'In'15 '
10.504 1#756.76 1#717.7/ 1'In'15 '
10.754 /85.&8 424-31 1'In'15 '
9.754 ' 1#616.90 1'In'14 '
10.&54 ' 1#571./6 1'In'14 '
10.504 ' /#4/5.46 1'In'14 '
10.754 ' 848.6& 1'In'14 '
#$!"5='$
5= Lon> Term Borro)in>S (Contd=)
nature o. securit*
Se+ured $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
The fnds raised fro% the p$!ic isse of 9#999#996 secred NCB a++re+atin+ to :s. 99#999.96 !acs ha)e $een
ti!ised# after %eetin+ the e(penditre of and re!ated to the p$!ic isse# for )arios financin+ acti)ities of the
Company in+luding lending* in"estments and repayment of ,orro%ings-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
The Co%pan" has $o+ht $ac, NCBs of :s. 4#&15.&/ !acs on 1&'9arch'&010 and :s. /#000.00 !acs on &7'
9arch'&01&# :s. &/#505.&6 !acs on &8'9arch'&01& and as per the ter%s of the isse :s. 46#9&/.16 !acs and :s.
6#4/9.79 !acs *ere redee%ed on &6'<+st'&01& and &6'<+st'&01/ respecti)e!".
Pt options *ere e(ercised for option III and I0 on &6'<+st'&01/ and :s. &#91/.86 !acs and :s. 1#&75.0& !acs
respecti)e!" *ere paid on 1'7cto$er'&01/ in co%p!iance *ith the ter%s of isse.
v) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2010)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
#"!&$=%"
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 9.004 ' /#/98.67 1'In'15 1'In'1/
9.504 ' 10#495.95 1'In'15 1'In'1/
9.754 ' 1#496.49 1'In'15 1'In'1/
10-00H ' /6/./6 1'In'15 1'In'1/
3ption .''' 9.754 ' 1#616.90 1'In'1/ '
10.&54 ' 1#571./6 1'In'1/ '
10.504 ' /#4/5.46 1'In'1/ '
10.754 ' 848.6& 1'In'1/ '
9.754 1#616.90 ' 1'In'14 '
10.&54 1#571./6 ' 1'In'14 '
10.504 /#51/.5& ' 1'In'14 '
10.754 770.56 ' 1'In'14 '
"!&"=3&
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 11.604 5/#470.8/ 5/#470.8/ 11'I!'16 1&'I!'15
11./54 &4#/1/.78 &4#/1/.78 11'I!'16 1&'I!'15
11-10H 7#/40./6 7#/40./6 11'I!'16 1&'I!'15
3ption .'' 11./54 ' /#46&.05 11'I!'14 '
11-10H ' /#17/.19 11'I!'14 '
11-00H ' 8#&/9.7& 11'I!'14 '
%5!#&='"
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total
nature o. securit*
3!$=%#
Se+ured $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 41#689.68 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
The Co%pan" has $o+ht $ac, NCBs of :s. 1#000.00 !acs on 14'I!"'&011 and as per the ter%s of the isse
:s. 7#47&./4 !acs *ere redee%ed on 1'Ine'&01/.
Pt options *ere e(ercised for option I on 1'Ine'&01/ and :s. 9#019.04 !acs *ere paid on 5'I!"'&01/ in
+omplian+e %ith the terms of issue-
vi) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2011)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
''!'''='3
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
3ption .'' 11./54 /#46&.05 ' 11'I!'14 '
11-10H /#17/.19 ' 11'I!'14 '
11-00H 8#&/9.7& ' 11'I!'14 '
#&!%"&='$
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
9'<+'15 '
9'<+'15 '
9'<+'17 '
9'<+'17 '
9'<+'15 '
9'<+'15 '
9'<+'17 '
9'<+'17 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
11.154 8#569.&8 8#518.9&
10.&54 14#894.88 14#945.&4
11-40H 13*423-10 14#&/6.98
10.504 1&#788.11 11#974.&/
11.154 /#7&5.06 /#7/8.41
10.&54 161.04 147.69
11-40H 6#/15.11 6#/56.94
10.504 123-42 81.59
$(!(((=((
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total ,
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 99#999.9/ !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
vii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2012)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
$(!(((=((
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 60#000G' !acs raised fro% p$!ic isse (net off e(penses) to*ards
asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
1'<+'16 '
1'<+'16 '
/1'I!'17 '
/1'I!'17 '
/1'I!'18 '
/1'I!'18 '
/1'I!'18 '
/1'I!'18 '
1'<+'16 '
1'<+'16 '
/1'I!'17 '
/1'I!'17 '
/1'I!'18 '
/1'I!'18 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
3ption .<
10.904 1&#8&9.17 '
9.654 1/#568.&0 '
11.154 11#586.&& '
9.804 /#/56.06 '
11.154 11#586.&& '
9.804 /#/56.07 '
10.6/4 5#797./0 '
9.404 104-42 '
10.904 6#075.57 '
9.654 4/.60 '
11.154 &#6/7.50 '
9.804 5.61 '
11.154 &#6/7.50 '
9.804 5.60 '
"3!5%'=(&
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
&4'7ct'16 '
&4'7ct'16 '
&4'7ct'18 '
&4'7ct'18 '
&4'7ct'&0 '
&4'7ct'&0 '
&4'7ct'16 '
&4'7ct'16 '
&4'7ct'18 '
&4'7ct'18 '
&4'7ct'&0 '
&4'7ct'&0 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
3ption .<
3ption .<'
11.&54 7#76&.6/ '
10.754 19#/7/.&1 '
11.504 /#164.51 '
10.754 7#489.01 '
11.754 4#7/4.&6 '
10.754 /#0&/.&9 '
11.&54 &#&5/.65 '
10.754 11.95 '
11.504 809.97 '
10.754 5.00 '
11.754 1#/70.4& '
10.754 2-10 '
5(!(((=((
5= Lon> Term Borro)in>S (Contd=)
viii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2013)E1
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total , ,
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 7/#589.04 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the
terms and +onditions as may ,e de+ided ,y the Company-
i!) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2013)E2
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total ,
5= Lon> Term Borro)in>S (Contd=)
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 50#000.00 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the
terms and +onditions as may ,e de+ided ,y the Company-
Total non,converti0le
de0entures , secured
(:s. in !acs)
as at march 3#! (#3
as at march 3#! (#&
non,current
portion
Current
maturities
non,current
portion
Current
maturities
4ri"ately pla+ed 9iIiiIiii: 608#899.06 4&4#14/.5& 706#&0/.65 /15#//&.79
4u,li+ issue 9i"I"I"iI"iiI"iiiIi1: &85#4/9.97 /4#074.95 180#68&.70 4&#/6/.&/
Total non,converti0le de0entures,
secured
%'&!33'=(3 &5%!#%=&" %%$!%%$=35 35"!$'$=(
LessM issed to re!ated parties 18.85 1./9 8.48 4.61
Total %'&!3(=#% &5%!#"=(% %%$!%""=%" 35"!$'#=&#
C= redeema0le non,converti0le de0entures (nCd) , unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= nil)
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8I GH#(8 F#8I Total
amount amount amount
1&'&4 %onthsU ' &#150.00 !#5(=((
Total , !#5(=(( !#5(=((
UNCBs a%ontin+ to :s. &#150.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
Terms o. repa*ment as on march 3#! (#&
Current maturit* (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs )
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8IJ GH#(8 F#8IJ Total
amount amount amount
pto 1& %onthsUV &&#750.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5$!%3(=(( "'!5%(=((
UNCBs a%ontin+ to :s. &/#170.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.074 &5#000.00 /0'<pr'14
Total 5!(((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs )
(:s. in !acs)
(e+eem9le t prDpremium
9from the date of the $alan+e Sheet:
rate o. interest
F#(8I GH#(8 F#8J Total
amount amount amount
&4'/6 %onthsU ' &#150.00 !#5(=((
1&'&4 %onthsUV &&#750.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5%!'%(=(( %#!"3(=((
UNCBs a%ontin+ to :s. &5#/&0.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 10.074 &5#000.00 1'9a"'1/
Total 5!(((=((
Terms o. repa*ment as on march 3#! (#3
Current maturit* (gross o. unamortised discount on de0enture o. rs= "%&=&' lacs)
(:s. in !acs)
(e+eem9le t prDpremium
9from the date of the $alan+e Sheet:
rate o. interest
F#(8IJ GH#(8 F#8I Total
amount amount amount
pto 1& %onthsUV &&#&80.00 &5#100.00 &"!3%(=((
Total !%(=(( 5!#((=(( &"!3%(=((
UNCBs a%ontin+ to :s. &7#900.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 9.594 20*000-00 &4'9ar'14
Total (!(((=((
5= Lon> Term Borro)in>S (Contd=)
d= Term loan .rom 0an-, unsecured
as at march 3#! (#&
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H $ullet 10*000-00 '
Total #(!(((=(( ,
as at march 3#! (#3
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H $ullet 10*000-00 '
;pto 12 months 10-00H $ullet ' 10*000-00
Total #(!(((=(( #(!(((=((
e= Term loans .rom Ban-s ,Secured
as at march 3#! (#&
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
10.504 to
11-20H
10 to 48 insta!!%ents of %onth!"#
Luarterly and half yearly freLuen+y
1//#988.69 /4#500.00
/6'48 %onths
10./54 to
11.&54
5 to 48 insta!!%ents of %onth!"#
Luarterly* half yearly and yearly
freLuen+y
/&&#58&.86 1&1#668.67
&4'/6 %onths
10-00H to
11.754
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
&80#099.49 150#1/0.96
1&'&4 %onths (P refer
se+urity details:
9.004 to
1&.&54
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
8/#406.9/ 74#/69./4
;pto 12 months
9.754 to
1&.754
1 to 48 insta!!%ents of $!!et#
monthly and Luarterly freLuen+y
' 8/#044.09
Total %(!(""='" &$3!"#3=($
(:s. in !acs)
nature o. Securit*
as at march 3#! (#&
a: Pin+ludes se+ured ,y hypothe+ation of "ehi+les for o%n use &.91
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
1#&8/#788.1&
Total #!%3!"'#=(3
5= Lon> Term Borro)in>S (Contd=)
as at march 3#! (#3
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 10./54 to
10.754
5 to &0 insta!!%ents of ;arter!" and
yearly freLuen+y
1/8#999.95 /6#000.00
/6'48 %onths
10./54 to
11.754
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
&/5#1&&.58 81#607.14
&4'/6 %onths (P refer
se+urity details:
9.004 to
1&.504
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
1&4#187.&9 45#4/5.99
1&'&4 %onths
9.504 to
13-00H
1 to 48 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
79#411.75 /5#701.00
;pto 12 months
9.004 to
1/.754
1 to 48 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
' 115#855.11
Total 5""!"#=5" 3#&!5''=&
(:s. in !acs)
nature o. Securit*
as at march 3#! (#3
a: Pin+ludes se+ured ,y hypothe+ation of "ehi+les for o%n use 5.18
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
89&#/15.6/
Total %'!3(=%#
<=
)i!e+ +epo-it-E Jn-ecure+ E(efer %ote 28
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 9#075.19 '!("5=#'
/6'48 %onths ' 5#968.1/ 5!'$%=#3
&4'/6 %onths 0-02 1/4#1&5.09 #3&!#5=##
1&'&4 %onths 14#/&5.65 &8#918.46 &3!&&=##
Total #&!35=$" #"%!(%$=%" #'!&#=5&
Current maturit*
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
upto # months #'!5(=$ #%!5('=#& 3%!(##="$
Totl )i!e+ +epo-it-
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current Current
portion maturities
Total Fi1ed deposits 19&#41&.54 /8#011.76 68#&&0.0& 66#419./0
LessM issed to re!ated parties &.09 ' ' 1-02
Total #'!&#(=&5 3%!(##="$
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 4#4&4.7& &!&&="
/6'48 %onths ' 5#711.40 5!"##=&(
&4'/6 %onths 7#678.5/ &8#948.08 3$!$$=$#
1&'&4 %onths &#684.84 18#77&.45 #!&5"='
Total #(!3$3=3" 5"!%5$=$5 $%!(=(
Current maturit*
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
upto # months 55!((5=' ##!&#&=(# $$!&#'=3(
(:s. in !acs)
$%!(=( $$!&#%=%
>= Term =on from finncil in-titutionDcorporte- E .ecure+
as at march 3#! (#&
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
/6'48 %onths
11-10H
20 installments of Luarterly
freLuen+y
&7#500.00 10*000-00
&4'/6 %onths
10.504
11 installments of Luarterly
freLuen+y
33*200-00 16#800.00
1&'&4 %onths
11-00H
10 installments of Luarterly
freLuen+y
5#000.00 12*000-00
Total $5!"((=(( 3%!%((=((
nature o. Securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets
relating to hypothe+ation loans-
5= Lon> Term Borro)in>S (Contd=)
as at march 3#! (#3
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
11-10H
20 installments of Luarterly
freLuen+y
/7#500.00 10*000-00
&4'/6 %onths
11-00H
11 installments of Luarterly
freLuen+y
17#000.00 12*000-00
upto 12 months
9.&54 $ullet ' 5#000.00
Total 5&!5((=(( "!(((=((
nature o. Securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets re!atin+
to hypothe+ation loans-
(:s. in !acs)
Total Long,term 0orro)ings
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current
portion
Current
maturities
Se+ured ,orro%ings 1#779#971./5 959#5/7.51 1#516#987.58 697#011.&/
;nse+ured ,orro%ings 616#&/6.95 168#0//.48 487#/49.87 177#695./6
Total Long,term 0orro)ings !3'$!(%=3( #!#"!5"(='' !((&!33"=&5 %"&!"($=5'
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
$= oTher LiaBiLiTieS
Creditors other than 7i+ro*Small and 7edium
5nterprises
' for fi(ed assets ' 1.55 ' 14.18
Crrent %atrities of !on+ ter% de$ts R:efer Note 5S ' 1#1&7#460.91 ' 874#706.59
'nterest a++rued ,ut not due on loans 48#907.46 10/#501.11 57#765.97 8/#95&.0/
(ppli+ation money on redeema,le non +on"erti,le
de,entures
' ' &#109.76 '
(ppli+ation money on su,ordinated de,ts ' ' /11.59 '
'n"estor 5du+ation and 4rote+tion Fund shall ,e
+redited ,y the follo%ing amounts 9as and %hen due:
' ?nc!ai%ed di)idend ' 77/.97 ' 6&9.&&
' ?nc!ai%ed %atred deposits and interest accred
thereon
' 4#496.&6 ' 1#&46.86
' ?nc!ai%ed %atred de$entres and interest accred
thereon
' 6#/&4.6& ' 5#40&.65
' ?nc!ai%ed %atred s$ordinate de$ts and interest
a++rued thereon
' 6#&95.16 ' /#75&./8
Temporary +redit ,alan+e in ,an& a++ounts ' 4#10/.99 ' 75#467.00
Ta1 dedu+ted at sour+e ' 1#78/.1& ' 1#544.59
Ser"i+e ta1 paya,le ' 71.64 ' 31-43
Statutory dues pertaining to employees ' /89.07 ' 322-04
<alue (dded Ta1 ' 412-34 ' 412-34
/or&s +ontra+t ta1 paya,le ' 1-41 ' '
;nrealised gain on se+uritisationP /5#84&.1/ 78#&70.16 57#40/.45 1/0#594.91
:etention and others 14#059.78 ' 1&#788.89 '
Total '%!%('=3" #!333!%%5=3# #3(!3"'=$$ #!#"%!("$=
P Inc!des rea!ised +ain on pre%i% strctre secriti-ation G assi+n%ent dea!s a%ontin+ to :s. 155./1 !acs (9arch /1#
&01/M :s. /#455.7/ !acs) ' <!so refer note &.1 (i) (i)).
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
"= pro?iSionS
)or emplo6ee 9enefit-
For gratuity ' 54.91 1#78&.8/ 145.10
For lea"e en+ashment and a"ailment ' 1#7/6.79 ' 1#5&5.69
<or others
3or non'perfor%in+ assets 117#444./9 ' 81#6&9.86 '
3or standard assets R :efer note (e) of note &.1S 5#485.89 4#/90.41 4#90&.01 /#614.80
3or ser)ice ta(' contested ' 8#79/.99 ' 8#778.18
For +redit loss on se+uritisation 7#/70./6 ' &7#597./7 '
For in+ome ta1 ' 4#566./1 ' 4#54/.16
Rnet of ad)ance ta( :s. 167#466.56 !acs (9arch /1#
&01/M :s. 167#&08.&7 !acs)S
4roposed di"idend ' 9#075./1 ' 9#074.56
Corporate di"idend ta1 ' 1#54&./5 ' 1#54&.&&
Total #3(!3((=$& 3(!#$(=(" ##5!'#=(" '!3="#
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
%= ShorT Term Borro)in>S
Secured
:edee%a$!e non con)erti$!e de$entres 43*400-00 74#750.00
Term loans
i: Fom ,an&s 194#799.86 18/#800.00
ii) 3ro% financia! instittions G corporates 10*000-00 '
?nsecred :edee%a$!e de$entre ' &5#000.00
Loans repa*a0le on demand (Secured)
Cash +redit 51#101.46 1&4#5&5./6
/or&ing +apital demand loan from ,an&s &&#500.00 14#45&.00
unsecured
Term loan from ,an&s 2*200-00 '
Commer+ial papers from other than ,an&s 16#000.00 /7#500.00
LessM na%orti-ed discont (6&/.41) (446.&6)
15#/76.59 /7#05/.74
Total 33'!3""='# &5'!5%#=#(
a= non,converti0le de0enture (nCd),Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
GH#(8 F#8J Total
amount amount
upto # months &!&((=(( &!&((=((
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no
rate o. interest amount
PutD4ll option +te
1 10.954 30*000-00 &6'>ep'14
2 10.7&4 7#500.00 &4'>ep'14
3 10.7&4 &#500.00 &4'>ep'14
Total &(!(((=((
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
F #(8 Total
amount amount
upto # months "&!"5(=(( "&!"5(=((
nature o. Securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms and
+onditions as may ,e de+ided ,y the Company-
%= ShorT Term Borro)in>S (Contd=)
(ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
GH#(8 F#8EJ Total
amount amount
upto # months
#!(((=(( #!(((=((
PPart!" paid to the e(tent of :s. 1#00#000G'
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1 10.504 1*000-00 19'<+'14
Total #!(((=((
Terms o. repa*ment as on march 3#! (#3
NCB otstandin+ is :s. Ni!
nature o. Securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms and
+onditions as may ,e de+ided ,y the Company-
0= Term loans .rom 0an- ,Secured
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 9.75 4 to 11.&54 $ullet 194#799.86
Total #'&!"''=%$
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed crrent assets
relating to hypothe+ation loans-
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#3
upto 12 months 9.90 4 to 10./54 $ullet 18/#800.00
Total #%3!%((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed crrent assets
relating to hypothe+ation loans-
Cash credit .rom 0an- as at march 3#! (#& as at march 3#! (#3
>ecred $" h"pothecation of specific assets co)ered nder
hypothe+ation loan agreements
51#101.46 1&4#5&5./6
Total 5#!#(#=&$ #&!55=3$
%= ShorT Term Borro)in>S (Contd=)
c= Term lon- from finncil in-titution E.ecure+
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 10.&54 $ullet 10*000-00
Total #(!(((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets re!atin+
to hypothe+ation loans-
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
d= redeema0le non,converti0le de0entures (nCd), unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment
:edee%a$!e non'con)erti$!e de$entres (NCB)' ?nsecred otstandin+ is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par )ithin
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH#(8 F#8 Total
amount amount amount
;pto 12 months &5#000.00 ' 5!(((=((
Total 5!(((=(( , 5!(((=((
(:s. in !acs)
e=
.= )or-ing capital demand loan ,Secured
Terms o. repa*ment
(:s. in !acs)
rate o.
interest
repa*ment
details
as at march
3#! (#&
;pto 12 months
9.75 4 to
11.504
$ullet &&#500.00
Total !5((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed G crrent assets
relating to hypothe+ation loans
%= ShorT Term Borro)in>S (Contd=)
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#3
upto 12 months 9.75 4 to 11.504 $ullet 14#45&.00
Total #&!&5=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed G crrent assets
relating to hypothe+ation loans
g= Term loans .rom 0an- ,unsecured
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months
9.754 $ullet 2*200-00
Total !((=((
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
h= Commercial paper
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#&
upto 12 months 10.&0 4 to 10./5 4 $ullet 16#000.00
Total #$!(((=((
note
1: The amount of +ommer+ial paper is dis+losed at gross "alue- The amount of unamortised dis+ount on +ommer+ial
paper is :s. 6&/.41 !acs.
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#3
upto 12 months 8.96 4 to 9.90 4 $ullet /7#500.00
Total 3"!5((=((
note
1: The amount of +ommer+ial paper is dis+losed at gross "alue- The amount of unamortised dis+ount on
+ommer+ial
paper is :s. 446.&6 !acs.
&) The Co%pan" has $o+ht $ac, co%%ercia! paper of :s. &5#000.00 !acs on 3e$rar" 11# &01/.
(:s. in !acs)
Total Short,term 0orro)ings as at march 3#! (#& as at march 3#! (#3
Se+ured ,orro%ings
/&1#801./& /97#5&7./6
;nse+ured ,orro%ings 17#576.59 6&#05/.74
Total Short,term 0orro)ings 33'!3""='# &5'!5%#=#(
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a
C
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o
u
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T
S
(:s. in !acs)
particulars
Tngi9le fi!e+ --et- intangi0le assets
Land ,
.eehold Buildings
plant and
e:uipment
1ffice
e:uipment
<urniture
and
fi!ture- ?ehicles
Leasehold
improve,
ment
Total
tangi0le fi!e+
--et-
Trade,
mar-s
Computer
so.t)are
Total
intangi0le
assets
'=
<iCed aSSeTS
>ross 0loc-
as at april #! (# #(=$' 5$=(3 &!'"=$' #'= #!3&$=%' #&$=&3 5!(&#=3$ ##!5$#=3# &=$& #!("'='# #!(%&=55
(dditions 0.58 ' &#/08.57 49.61 424-41 ' 1#/&8.96 &!##=#3 ' &04.99 (&=''
8eletions ' ' /6/.5/ 17.55 86.00 60.5& /85.10 '#="( ' ' ,
(d2ustment ' ' ' ' ' ' ' , ' ' ,
as at march 3#! (#3 ##=" 5$=(3 $!&="3 &=% #!$%5=3( %5='# 5!'%5= #&!"$(="& &=$& #!%&='( #!%'=5&
(dditions 4#449.5& ' &#9&/.06 9&.8& 75/.08 0-10 /#4//.08 ##!$5#=$$ ' 95.77 '5=""
8eletions ' 1/8.48 &76.77 1&.77 116.&8 4-22 481.8/ #!(3(=35 ' ' ,
(d2ustment ' &54.&0 54.19 ' 58.// ' (7/4.89) (3$%=#") ' ' ,
as at march 3#! (#& &!&$(="' $&#="5 %!'&3=# 3(&=33 !3%(=&3 %#="' %!(#=5% 5!(#3=%% &=$& #!3%(=$" #!3%5=3#
depreciation
as at april #! (# , ##'=$ !'3=#( #((=%$ $'&='( '3=33 3!5=#( $!553=55 (="& "5=3% "$=#
Charge for the year ' 8.58 8/&.45 &7.14 /08.79 6.4& 8&&.5& !((5='# 0.46 &6&.56 $3=(
8eletions ' ' &70.17 8.45 6/.&& /0.6& /48.10 "(=5$ ' ' ,
(d2ustment ' ' ' ' ' ' ' , ' ' ,
as at march 3#! (#3 , #"=%& !%55=3% ##'=55 '&(=&" $'=#3 3!"$=5 "!%3%=%' #=( '%"='3 '%'=#3
Charge for the year ' 8.8& 1#&&6.66 44-02 5&&.84 5.&8 1#&88.80 3!('$=& 0.46 179.&0 #"'=$$
8eletions ' 41.48 &19.09 8.&9 85.41 4-01 461.55 %#'=%3 ' ' ,
(d2ustment ' ' ' ' ' ' (/68.17) (3$%=#") ' ' ,
as at march 3#! (#& , '5=#% 3!%$='5 #55=% #!3""='( "(=&( &!#%5=$( '!"&"=3# #=$$ #!#$"=#3 #!#$%="'
net 0loc-
as at march 3#! (#3 ##=" 3'%=#' 3!3%"=35 #(&="3 "&&=%3 #$="% !5%="( $!'#=%5 3=&& '$='% 3((=&
as at march 3#! (#& &!&$(="' 5&$=5" 5!(%(=$ #&'=(5 #!((=53 ##=3' &!(#5='% #5!$$=5" ='% #3=5& #$=5
depreCiaTion and amorTiSaTion
(:s. in !acs)
*ear ended
march 3#! (#& march 3#! (#3
on tangi,le assets /#096.4& &#005.90
on intangi,le assets 179.66 &6/.0&
on in"esment property 2-33 2-32
Total 3!"%=&# !"#=&
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
1B0
Shriram Transport Finan+e Company Limited
as at
march 3#!
(#&
as at
march 3#!
(#3
# 'n"estment property 9net of depre+iation: 197.47 199.78
Non trade M
a= a) In)est%ent in 1;it" shares';oted ' /74./4
a= 0) In)est%ent in 1;it" shares'n;oted 65.00 &07.50
a= c) 'n"estment in 4referen+e shares ' 100-00
B= 'n"estment in >o"ernment se+urities //#089.48 &/#778.57
C= 'n"estment in Su,ordinated de,ts 5#000.00 5#000.00
d= 'n"estment in <enture +apital fund 1#45/.04 87/.15
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (&5.00) (167.50)
Total 3'!""'='' 3(!3$5=%&
#(= non,CurrenT in?eSTmenTS
(:s. in !acs)
non,current investments
(:s. in !acs)
Auantit* amount Auantit* amount
particulars
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#= investment propert*
9at +ost less a++umulated depre+iation:
Cost of land and ,uilding gi"en on
operating lease
&11.66 &11.66
LessM acc%!ated depreciation 14.19 11.88
net Bloc- #'"=&" #''="%
= non trade
9"alued at +ost unless stated other%ise:
a= Shares 5 <ull* paid up
a) Nuote+ E &:uit6 -2re-
investment in associates
Shriram (sset 7anagement
Company Limited 940H Share: U
10 ' ' 2*400*000 240-00
<ddM >hare of post ac;isition profit ' 134-34
(inc!din+ :s. Ni! of Aood*i!! net of
Capita! :eser)e arisin+ on
+onsolidation: 9Sold during the year:
0) Jn:uote+ E &:uit6 -2re-
investment in other companies
State 'ndustrial 'n"estment
Corporation of 7aharashtra Limited
' /74./4
10 50#000 40-00 50#000 40-00
Credential Finan+e Limited 10 &5#000 ' &5#000 '
Z(t +ost less pro"ision for other than
temporary diminution in "alue of
:s. &5.00 !acs (9arch /1# &01/M
:s. &5.00 !acs) S
(:s. in !acs)
Auantit* amount Auantit* amount
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#(= non,CurrenT in?eSTmenTS (Contd=)
(shley Transport Ser"i+es Limited
9Company dissol"ed during the year:
Z(t +ost less pro"ision for other than
te%porar" di%intion in )a!e of :s.
Ni! (9arch /1# &01/M :s. 14&.50 !acs)S
100 ' ' &&5#000 '
c) Jn:uote+ E Preference -2re-
investment in associates
Shriram (sset 7anagement
Company Limited 9sold 100*000
shares of :s. 100G' each drin+
the year:
100 ' ' 100*000 100-00
B= Auoted,>overnment Securities
177.57
&#/65.79
49&.1/
4#754.74
/95.77
&#494.5/
&#50&.58
497.06
&#484./&
4#870.&4
&#74/.8/
'
'
5#000.00
87/.15
3(!3$5=%&
&4#018.58
&4#681.&6
6#180.65
Auoted
6.1/4 A7I Loan &0&8 100 176#000 177.47 176#000
6./54 A7I Loan &0&0 100 &#500#000 &#/85.64 &#500#000
6.494 A7I Loan &015 100 500#000 495.7/ 500#000
6.904 A7I Loan &019 100 5#000#000 4#79/.75 5#000#000
7.0&4 A7I Loan &016 100 400*000 /97.0& 400*000
7.804 A7I Loan &0&0 100 &#500#000 &#495./0 &#500#000
8.1/4 A7I Loan &0&& 100 &#500#000 &#50&./1 &#500#000
8.&44 A7I Loan &0&7 100 500#000 497.&8 500#000
8.&64 A7I Loan &0&7 100 &#500#000 &#454.90 &#500#000
8.&64 A7I Loan &0&7 100 5#000#000 4#909.80 5#000#000
8.974 A7I Loan &0/0 100 &#500#000 &#668.// &#500#000
8.//4 A7I Loan &0&6
94ur+hased during the year:
100 &#500#000 2*331-34 '
8.&84 A7I !oan &0&7
94ur+hased during the year:
100 5#000#000 6#980.61 '
Jn:uote+ E *n'e-tment in
C=
Su0ordinate de0ts
@es $an& Limited 1*000*000 500 5#000.00 500
d= Jn:uote+E ?enture 4pitl )un+
'C'C' 'n"estment
7anagement Company Limited
10*000 14#5/0 1#45/.04 8#7/1
Total 3'!""'=''
aggregate ?alue o. Auoted
investments
Cost of a+Luisition //#089.48
7ar&et <alue &9#4/0.&1
$ggregte ?lue of Jn:uote+
investments
Cost of a+Luisition 6#518.04
aggregate provision .or diminution in
value o. investments
&5.00 167.50
U These shares are su,2e+t to restri+ti"e +o"enants of regulatory authority-
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
##= de<erred TaC aSSeTS (neT)
,eferre+ t! --et
3i(ed assetM I%pact of difference $et*een ta( depreciation and
depreciation Ga%orti-ation char+ed for financia! reportin+ period
586.5& 4/1.95
I%pact of e(penditre char+ed to the state%ent of profit and !oss in
the +urrent year ,ut allo%ed for ta1 purpose on payment ,asis
4#55&.89 4#&15.85
4ro"ision for se+uritiGation 18#&40.09 &&#110.15
4ro"ision for standard assets /#/56.95 &#76/.&8
>ro-- +eferre+ t! --et- ($) $!"3$=&5 '!5#=3
,eferre+ t! li9ilit6
8e,enture 'ssue 51penses 1#180.65 808.70
>ro-- +eferre+ t! li9ilit6 (B) #!#%(=$5 %(%="(
%et +eferre+ t! --et- ($EB) 5!555=%( %!"#=53
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS
unsecured! considered good
Capital ad"an+es 151.66 ' 67/.94 '
Se+urity deposits /#&58.46 85&.07 &#474.9& 1#169.&1
Secured! considered good
?ypothe+ation loans &#118#667.78 1#604#774.07 1#914#5/4.01 1#//5#6&6.04
:etained interest on secritisation 41#178.54 40#768.00 /1#17&.67 &1#17&.94
3ther loans 10.19 /0.05 8&.80 /9.97
unsecured! considered good
?nsecred !oansU 1&#9&8.4& 10&#1//./9 9#68&.50 84#415.&1
<d)ance ' h"pothecation !oans 1#007.45 ' 1#87/.60 '
8e,tors on se+uritisation Znet of deliLuen+y pro"ision
:s. 46#&9&.75 !acs (9arch /1# &01/M :s. /7#541.&7
!acs)S ' /4.09 ' 1#189.05
Se+urtisation deferred +onsideration re+ei"a,le /7#1/9.46 79#9/7./7 54#6/6.1/ 1/0#077./4
dou0t.ul
Se+ured ?ypothe+ation loans 14/#709./6 ' 98#576.4& '
3ther loans /50.64 ' 615./& '
;nse+ured loan 5#45&.50 ' /#175.// '
(d"an+es re+o"era,le in +ash or in &ind or for "alue
to ,e re+ei"ed
/6.14 ' /6.14 '
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS (Contd=)
other loans and advances , unsecured!
considered good
(d"an+es re+o"era,le in +ash or in &ind or for "alue
to ,e re+ei"ed
/#/69.51 9#5&8.7/ 1#100.8& /#/0/.75
Ser"i+e ta1 +redit 9input: re+ei"a,le ' &#/19.19 ' 770.06
7(T +redit entitlement ' ' 188.&9 '
4repaid e1penses 155.&6 854.57 /6&.1/ 9&8.77
(d"an+e in+ome ta1 9net of pro"ision for ta1ation:
R:efer Note /4S
9#548.6& ' 5#67&.&6 '
Rnet of pro)ision for inco%e ta( :s. &47#798.8& !acs
(9arch /1# &01/M :s. 189#890.77 !acs)S
Total !3"$!'$3='' #!%&#!3#=53 !#&!%5"=% #!5"%!$'=3&
U 'n+ludes +urrent maturities of long term loans and ad"an+es
U <d)ance +i)en to the co%pan" in *hich a director is interested :s. Ni! (9arch /1# &01/M :s. 1/6.&9 !acs)
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#3= oTher aSSeTS
unsecured! considered good
3i(ed deposits *ith $an,s (Note 16) 0.50 ' 1-00 '
9ar+in %one" deposit *ith $an,s (Note 16) 6#/74.05 ' 14#&17.60 '
'nterest a++rued on in"estments ' 1#0&9.&9 ' 1#148.&0
Interest accred on fi(ed deposits *ith $an,s /7&.08 5#/0&.78 505.59 5#/&/.77
P!an <sset ' +ratit" ' 0-13 ' '
4u,li+ issue e1penses for non +on"erti,le de,entures 1#957.4& 1#516.10 1*401-11 1#091.46
'ssue e1penses for eLuity shares 7/8.45 15&.77 891.&& 15&.78
Total '!&&=5( %!((#=(" #"!(#$=5 "!"#$=#
(:s. in !acs)
as at
march 3#!
(#&
as at
march 3#!
(#3
#&= CurrenT in?eSTmenTS
# 'n"estment in >o"ernment se+urities ' 85.0/
a) In)est%ent in Certificate of deposit *ith $an,s &0/#561.74 &97#574.60
0) 'n"estment in 7utual fund 201-40 '
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (16.81) '
Total (3!"&$=33 '"!$5'=$3
particulars
Current portion o. long term investments
9"alued at +ost unless other%ise mentioned:
a) Auoted5 >overnment Securities
R:efer note &8S
12-40H >3' Loan 2013
This se+urity is redeema,le on (ugust 20*
2013 at par
Current investments
(at lo)er o. cost and .air value)
<ace
value
(rs=)
Auantit* amount Auantit* amount
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
100 ' ' 85#000 85.0/
a) Jn:uote+7 *n'e-tment in 4ertificte of
deposit )ith Ban-s
(llaha,ad $an& 20*000 19#587.4& ' '
(ndhra $an& 30*000 &9#458.76 20*000 18#4/6.&0
Z(t +ost less pro"ision for diminution in "alue of
:s. 9./9 !acs (9arch /1# &01/M :s. Ni!) S
(1is $an& ' ' 30*000 &9#&&9./6
$an& of $aroda &#500 &#45&.54 &#500 &#/09.57
Z(t +ost less pro"ision for diminution in "alue of
:s. 0.01 !acs (9arch /1# &01/M :s. Ni!) S
$an& of 'ndia ' ' &#500 &#44&.49
Canara $an& ' ' 20*000 19#584.48
Central $an& of 'ndia 10*000 9#896.90 20*000 19#564.4&
Federal $an& Limited ' ' 10*000 9#8/7.48
?8FC $an& Limited ' ' 5#000 4#900.71
'C'C' $an& Limited ' ' 20*000 19#708.4&
'ndustrial 8e"elopment $an& of 'ndia Limited &5#000 &4#556.87 20*000 19#58/.6&
Z(t +ost less pro"ision for diminution in "alue of
:s. 7.41 !acs (9arch /1# &01/M :s. Ni!) S
'ndian $an& ' ' 20*000 19#&05.8&
'ndusind $an& Limited 10*000 9#797.95 20*000 19#56/.69
=arur <ysya $an& ' ' 20*000 19#590.16
Pn.a$ Nationa! 2an, ' ' 11*000 10#818.19
South 'ndian $an& 30*000 &9#//0.&7 ' '
>tate 2an, of 2i,aner J Iaipr ' ' 5#000 4#91/.45
Syndi+ate $an& 20*000 19#670.98 20*000 19#1/0.18
;C3 $an& 30*000 &9#/01.// ' '
;nion $an& of 'ndia 20*000 19#670.98 ' '
;nited $an& of 'ndia ' ' 40*000 /9#1/5.10
<i2aya $an& 10*000 9#8&0.9/ 20*000 19#6&1.&6
0) Auoted5 investment in mutual <und
Shriram 5Luity & 8e,t 3pportunities Fund
8ire+t
10 2*000*000 200-00 ' '
BK> Insta Cash P!s 3nd ' Birect P!an
' Aro*th
10 840.// 1-40 ' '
Total (3!"&$=33 '"!$5'=$3
(:s. in !acs)
#=
=
(:s. in !acs)
Auantit* amount Auantit* amount
particulars
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
aggregate ?alue o. Auoted investments
Cost of a+Luisition 201-40 85.0/
7ar&et <alue 213-32 87./1
$ggregte ?lue of Jn:uote+ *n'e-tment-
Cost of a+Luisition &0/#544.9/ &97#574.60
aggregate provision .or diminution
in value o. investments
16.81 '
(:s. in !acs)
as at
march 3#!
(#&
as at
march 3#!
(#3
#5= Trade reCei?aBLeS
unsecured! considered good
3utstanding for a period e1+eeding si1 months from the date they are due for payment ' '
3ther re+ei"a,les 190.67 0.49
Total #'(=$" (=&'
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#$= CaSh and Ban- BaLanCeS
4-2 n+ c-2 e:ui'lent-
i: 2a!ances *ith sched!ed $an,s inM
Current a++ounts ' 185#45&.85 ' /77#159.68
;npaid di"idend a++ounts ' 77/.96 ' 6&9.&&
8eposits %ith original maturity of less than three
months
' &60#596.00 ' 57#5/7.00
ii: CheLues on hand ' 4#197.&5 ' 5#419.&8
iii: Cash on hand ' 1/#608.57 ' 9#488.&&
i": Call 7oney 9C$L3: ' 69#88&.5/ ' '
, 53&!5##=#$ , &5(!33=&(
other 0an- 0alances
8eposits %ith original maturity for more than
12 months
0.50 &90.80 ' &91./0
8eposits %ith original maturity for more than
3 months ,ut less than 12 months
' /1#878.40 ' &4#7/5.&4
7argin money depositUT 6#/74.05 145#16/./& 14#&18.60 159#91&.75
$!3"&=55 #""!33=5 #&!#%=$( #%&!'3'='
amount disclosed under non,current assets
R:efer Note 1/S
($!3"&=55) (#&!#%=$()
Total , "##!%&3=$% , $35!#"=$'
Y Inc!des deposits of :s. 1.64 !acs (9arch /1# &01/M :s. 1.00 !acs) p!ed+ed *ith 0<T athorities.
W Inc!des deposits of :s. 1/9#9/5.51 !acs (9arch /1# &01/ M :s. 151#89/.09 !acs) p!ed+ed *ith 2an,s as %ar+in for credit
enchance%ent# :s. 11#194.65 !acs (9arch /1# &01/M :s. &1#995.05 !acs) as %ar+in for +arantees and :s. 405.57 !acs
(9arch /1# &01/M :s. &4&.&& !acs) p!ed+ed as !ien a+ainst !oans ta,en.
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#"= re?enue <rom operaTionS
interest income on
' !oan portfo!io and re!ated char+es 6/6#//0.98 470#994.67
' secritisation and direct assi+n%ent 85#/7&./6 175#165.&1
' %ar+in %one" on secritisationG assi+n%ents 1/#/54.78 1&#819.&&
' pass thro+h certificates 48#/04.69 1&#066.44
' deposits *ith $an,s 6#4&1.88 1#576.5/
' !on+' ter% in)est%ents &#7&5.87 &#&01.9&
' crrent in)est%ents &#864.01 /#008./5
1t2er finncil -er'ice-
:e)ersa! of pro)ision for credit !oss on secritisation 11#475.54 '
'n+ome from portfolio management ser"i+es 85.67 &69.8&
'n+ome from +ommission ser"i+es /#617.4& 1#511.05
$ad de,t re+o"ery 490.57 576.94
Bi)idend on !on+' ter% in)est%ents 0.50 0.50
8i"idend on +urrent in"estments ' 120-12
Profit on sa!e of crrent in)est%ents (net) &9#/6/.67 1/#77/.5&
Profit on sa!e of in)est%ent in associate 0.06 '
Sales o. used commercial vehicles ' 84.17
<acilitation .ees 7#19/.9& 7#&74.41
Total %&"!$(#=' "(#!&&=%"
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#%= oTher inCome
'n+ome from operating lease 10-14 9.94
Profit on sa!e of assets (net) /08.&/ 0-14
7is+ellaneous in+ome 98.40 14&.85
Total &#$="" #5='3
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#'= empLo*ee Bene<iT eCpenSeS
Salaries* other allo%an+es and ,onus 4/#44&.05 41#096.68
>ratuity e1penses &/&.7& 600.9/
Contri,ution to pro"ident and other funds &#&68.1/ 1#845.57
51pense on 5mployee Sto+& 3ption S+hemePP 11-14 (86.69)
Staff %elfare e1penses 1#&05.76 860.&/
Total &"!#5'=%( &&!3#$="
PP Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to forfeitre of options +ranted to e%p!o"ees in the past a!on+
%ith option lapse on a++ount of employee resignation against %hi+h 5S34 e1pense %ere duly ,oo&ed in the past o"er
the "esting period of su+h options-
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
(= <inanCe CoST
*ntere-t e!pen-e
8e,entures 164#9&9.90 122*412-43
Su,ordinated de,ts 5&#049.&0 4/#798.91
Fi1ed deposits 18#404.&/ 1/#5&0.&9
Loans from ,an&s 14&#940.5& 89#140.89
Loans from institutions and others 9#784./4 5#6/6.78
Commer+ial paper 2*434-30 8#455.85
other 0orro)ing costs
Professiona! char+es ' resorce %o$i!isation 9#661.9/ 5#6/&.00
4ro+essing +harges on loans 1#&6&.40 1#/91.&9
$ro&erage 1&#&70.88 9#997./&
Sour+ing fees 716.59 6&0./9
Ser"i+e +harges 4#&99.56 /#710./5
<%ortisation of NCB P$!ic isse e(penses 1#467.06 1#578.01
Total &(!(='# 3(5!%'&=5#
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#= oTher eCpenSeS
:ent 7#414.97 6#565.64
Lease :ent for Par,in+ Fards 1&8./5 4&8.19
5le+tri+ity e1penses 996.96 768.99
8S( Commission 200-44 /18.85
:epairs J %aintenance
' 2i!din+s 11-41 15./6
' 7thers 1#077.8& 1#0/6.5&
:ates J ta(es 190.80 4/4.95
4rinting & stationery 1#551.89 1#9&7.87
Tra"elling & +on"eyan+e 11#780.87 /#869.04
(d"ertisement 175.9& 59/.77
:e+istration and 3i!in+ 3ees &.71 1.&8
$ro&erage 1.9& '
$usiness 4romotion &#71/.0/ 1#006.51
$uyer and seller Fa+ilitation 51pense 884.07 50&./1
:o"a!t" &#561.58 &#&5/./7
8ire+torsV sitting fees 1&./7 8.71
'nsuran+e 54.7& 23-33
Communi+ation e1penses 4#/15.// &#7/4.07
Pa"%ent to aditor R :efer Note //S
<s <ditorM
' <dit fees 145.57 145.4&
' Ta( adit fees 9.90 10-21
' 7t of poc,et 5.78 7.50
In an" other %annerM
' Certification 4.59 1.79
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#= oTher eCpenSeS (Contd=)
$an& +harges /#091.07 /#/11.5&
4ro+essing +harges on se+uritiGation 5./1 5./1
4rofessional +harges on se+uritiGation 5#709.05 6#656.&&
Legal & professional +harges /#0&&.&7 &#&86.65
4ro"ision for non mo"ing in"entory ' 93-23:
8onations 477.&5 499.6&
Loss on sa!e of fi(ed assets (net) ' 47.11
'ssue e1penses for eLuity shares 15&.78 15&.78
8ata +enter management ser"i+e 146.5/ 111.81
Se+urity +harges /05.15 184.86
Ser"i+e +harges paid /#9/7.95 /#517.01
7is+ellaneous e1penses 7#904.0/ 6#101.48
Total 5%!''=3' &5!5&=%
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
= pro?iSionS : )riTe o<<S
4ro"ision for non performing assets /4#890.07 19#509.69
Pro)ision for standard assets R :efer note (e) of note &.1S 1#/59.49 &#546.91
4ro"ision for +redit loss on se+uritisation ' 17#617.4/
4ro"ision for diminution in "alue of in"estmentsP 16.81 (178.66)
$ad de,ts %ritten off 85#054.49 47#7&8.59
Total ##!3(=%$ %"!3='$
P Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to pro)ision for di%intion in )a!e of in)est%ents $oo,ed on
+urrent in"estments during pre"ious year ended 7ar+h 31* 2012 %ritten ,a+& on sale in the year ended 7ar+h 31* 2013-
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
3= earnin>S per Share
Net Profit after ta( as per state%ent of profit and !oss
(:s. in !acs) (<)
1/5#79/.7/ 146#/4&.79
/eighted a"erage num,er of eLuity shares for +al+ulating
$asi+ 54S 9in la+s: 9$:
&#&68.76 &#&68./&
/eighted a"erage num,er of eLuity shares for +al+ulating
8iluted 54S 9in la+s: 9C:
&#&68.76 &#&68.50
2asic earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (2)
59.85 64.5&
Bi!ted earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (C)
59.85 64.51
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
/eighted a"erage num,er of eLuity shares for +al+ulating
$asi+ 54S 9in la+s:
&#&68.76 &#&68./&
<dd M 1;it" shares for no consideration arisin+ on +rant of
sto+& options under 5S34 9in la+s:
' 0.18
/eighted a"erage num,er of eLuity shares in +al+ulating
8iluted 54S 9in la+s:
&#&68.76 &#&68.50
&= >raTuiT* and oTher poST,empLo*menT Bene<iT pLanS
The Arop has defined $enefit +ratit" p!an. 1)er" e%p!o"ee *ho has co%p!eted fi)e "ears or %ore of ser)ice is e!i+i$!e
for a +ratit" on separation at 15 da"s $asic sa!ar" (!ast dra*n sa!ar") for each co%p!eted "ear of ser)ice. The sche%e is
funded %ith an insuran+e +ompany in the form of Lualifying insuran+e poli+y-
Brin+ the "ear the Arop has fnded :s. &#0&&.67 !acs for +ratit" $ein+ defined $enefit o$!i+ation otstandin+ as on
Septem,er 30* 2013-
Conse;ent to the adoption of re)ised <> 15 H1%p!o"ee 2enefits@ issed nder Co%panies <ccontin+ >tandard :!es#
&006# as a%ended# the fo!!o*in+ disc!osres ha)e $een %ade as re;ired $" the standardM
.ttement of Profit n+ =o--
Net e%p!o"ee $enefit e(pense (reco+ni-ed in the >tate%ent of profit and !oss)
(:s. in !acs)
particulars
>ratuit*
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Current ser"i+e +ost /48.84 &88.90
Interest cost on $enefit o$!i+ation 154.&/ 1&4.19
51pe+ted return on plan assets Ni! Not app!ica$!e
Net actaria! (+ain) G !oss reco+nised in the "ear (&70./6) 187.84
4ast ser"i+e +ost Ni! Ni!
%et 9enefit e!pen-e 3="# $((='3
(+tual return on plan assets 51.10 Not app!ica$!e
Balance sheet
2enefit assetG(!ia$i!it")
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
Present )a!e of defined $enefit o$!i+ation &#1&8.54 1#9&7.94
Fair "alue of plan assets &#07/.77 Not app!ica$!e
>rp!sG(deficit) (54.77) (1#9&7.94)
LessM ?nreco+nised past ser)ice cost Ni! Ni!
Pln --et D (li9ilit6)K (5&="") (#!'"='&)
E disclosed under note ", provisions and note #3 , other assets
42nge- in t2e pre-ent 'lue of t2e +efine+ 9enefit o9ligtion re - follow-7
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
7penin+ defined $enefit o$!i+ation 1#9&7.94 1#460.99
'nterest +ost 154.&/ 1&4.18
Current ser"i+e +ost /48.84 &88.90
2enefits paid (8/.&&) (1//.97)
(+tuarial 9gains: A losses on o,ligation (&19.&5) 187.84
4lo-ing +efine+ 9enefit o9ligtion !#%=5& #!'"='&
particulars
march
3#! (#&
march march march march
3#! (#3 3#! (# 3#! (## 3#! (#(
Befined $enefit o$!i+ation &#1&8.54 1#9&7.94 1#460.99 91/.7/ 61&.6/
4lan assets &#07/.77 N< N< N< N<
>rp!s G (deficit) (54.77) (1#9&7.94) (1#460.99) (91/.7/) (61&.6/)
51perien+e ad2ustments on plan lia,ilities
9gains:Alosses 58./1 94.64 /4/.18 74.98 55.56
51perien+e ad2ustments on plan assets
9losses:Agains 51.10
Changes in the .air value o. the plan assets are as .ollo)s5
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
3pening fair "alue of plan assets Ni! Not app!ica$!e
51pe+ted return Ni! Not app!ica$!e
Contri,utions ,y employer &#0&&.67 Not app!ica$!e
2enefits paid Ni! Not app!ica$!e
(+tuarial gains A9 losses: 51.10 Not app!ica$!e
Closing .air value o. plan assets !("3="" not applica0le
The Arop did not contri$te an" a%ont to +ratit" in &01&'1/ as the sche%e *as nfnded.
The Arop e(pects to contri$te :s. 407.6/ !acs to +ratit" in the ne(t "ear.
The maDor categories o. plan assets as a percentage o. the .air value o. total plan assets are as .ollo)s5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
H H
'n"estments %ith insurer 100 Not app!ica$!e
The principal assumptions used in determining gratuit* o0ligations .or the Compan*3s plan are sho)n 0elo)5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
8is+ount rate 9./64 8.004
51pe+ted rate of return on assets 8.704 Not app!ica$!e
'n+rease in +ompensation +ost 5.004 5.004
5mployee Turno"erP 54 and 104 54 and 104
The esti%ates of ftre sa!ar" increases# considered in actaria! )a!ation# are on accont of inf!ation# seniorit"# pro%otion
and other rele"ant fa+tors* su+h as supply and demand in the employment mar&et-
P54 in case of e%p!o"ees *ith ser)ice period of %ore than 5 "ears and 104 for a!! other e%p!o"ees.
The o"erall e1pe+ted rate of return on assets is determined ,ased on the mar&et pri+es pre"ailing on that date* appli+a,le
to the period o"er %hi+h the o,ligation is to ,e settled-
amounts .or the Current *ear and previous .our *ears are as .ollo)s5
(:s. in !acs)
N< N< N< N<
840#/74.05 ' 7#644.64 ' %&%!(#%=$'
195#80&.69 ' 1#&47.75 ' #'"!(5(=&3
' ' 4-11 ' &=##
#'"!(&$=3
$#!5=5'
#35!"'3="3
,
#35!"'3="3
5#190#/50.&0 ' 6#784.0/ ' 5!#'"!#3&=3
/4#979.95 ' 1&4.47 ' 35!#(&=&
5!5!33(=#5 , $!'(%=5( , 5!3!3%=$5
4#/7/#571.9/ ' /#08&.70 ' &!3"$!$5&=$3
4#54/.15 ' &/.16 ' &!5$$=3#
&!3"%!##5=(% , 3!#(5=%$ , &!3%#!(='&
7#&&8.&5 ' 4#519.18 ' ##!"&"=&3
&#955.8/ ' /&&.58 ' 3!"%=&#
3ther non +ash e1penditure 1&6#071.06 ' /96.01 ' #$!&$"=("
694#060./4 84.17 7#451.&9 ' "(#!5'5=%(
&14#840./& 911-12: 1#441.08 ' #$!"(="
&=&
#$!$$=(3
$'!%""=$
#&$!3%%=""
(&5='%)
#&$!3&="'
4#688#/06.60 ' 4#7&8.51 ' &!$'3!(35=##
/4#1&4.49 ' &60./0 ' 3&!3%&="'
&!"!&3#=(' , &!'%%=%# , &!""!&#'='(
/#987#074.&7 ' &#015./0 ' 3!'%'!(%'=5"
4#54/.16 ' ' ' &!5&3=#$
3!''#!$#"=&3 , !(#5=3( , 3!''3!$3="3
4#&47.45 ' 69.67 ' &!3#"=#
1#894.56 ' /76.68 ' !"#=&
3ther non +ash e1penditure 95#110.75 ' 458./0 ' '5!5$'=(5
5=
The Arop has three reporta$!e se+%ent )i-.Pro)idin+ finance to co%%ercia! )ehic!es# other !oans(3inancin+ acti)ities)#
Trading of ;sed Commer+ial "ehi+les9Trading 8i"ision: and Fa+ilitating the ,uyers A sellers to sell their "ehi+les
9Ser"i+e Bi)ision) *hich ha)e $een identified in !ine *ith the <ccontin+ >tandard 17 on >e+%ent :eportin+# ta,in+
into the a++ount organiGational Stru+ture as %ell as differential ris& and return of these segments- 5a+h of the a,o"e
a+ti"ity is restri+ted to a +ommon single geographi+al segment- ?en+e* no dis+losure on geographi+ segment is
%arranted-
<or the *ear ended march 3#! (#&
<inancing Trading Service
unallocated
reconciling
(:s. in !acs)
particulars
Segment re"enue
>e+%ent res!ts (Profit $efore ta( and
after interest on financin+ se+%ent)
LessM ?na!!ocated reconci!in+ ite%s
%et profit 9efore t!
LessM Inco%e Ta(es
%et profit fter t!
<ddM >hare of Profit of <ssociate
%et profit fter t!e- n+ -2re of
loss o. associate
other in.ormation5
Segment assets
;nallo+ated +orporate assets
Total assets
Segment lia,ilities
;nallo+ated +orporate lia,ilities
Total Lia0ilities
Capital e1penditure
8epre+iation
activities division division items Total
<or the *ear ended march 3#! (#3
<inancing Trading Service
unallocated
reconciling
(:s. in !acs)
particulars
Segment re"enue
>e+%ent res!ts (Profit $efore ta( and
after interest on financin+ se+%ent)
LessM ?na!!ocated reconci!in+ ite%s
%et profit 9efore t!
LessM Inco%e ta(es
%et profit fter t!
<ddM >hare of profit of associate
%et profit fter t!e- n+ .2re of
Loss o. associate
7ther infor%ationM
Segment assets
;nallo+ated +orporate assets
Total assets
Segment Lia,ilities
;nallo+ated +orporate lia,ilities
Total Lia0ilities
Capital e1penditure
8epre+iation
activities division division items Total
$= empLo*ee SToC- opTion pLan
Series i Series ii
8ate of grant /1'7ct'05 1'<pr'06
Series iii
9'7ct'06
Series i?
17'<+'07
Series ?
15'I!'08
Series ?i
1/'9a"'09
8ate of $oardA+ommittee 19'7ct'05 &&'3e$'06 6'>ep'06 17'<+'07 15'I!'08 1/'9a"'09
(ppro"al
8ate of Shareholder!s 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05
appro"al
N%$er of options &#96&#500 8/&#500 910#000 109#000 77#000 50#000
granted
7ethod of Settlement 5Luity 5Luity 5Luity 5Luity 5Luity 5Luity
9CashA5Luity:
>raded <esting 4eriod
(fter 1 year of grant date 10H of 10H of 10H of 10H of 10H of 10H of
options options options options options options
granted granted granted granted granted granted
(fter 2 years of grant date 20H of 20H of 20H of 20H of 20H of 20H of
options options options options options options
granted granted granted granted granted granted
(fter 3 years of grant date 30H of 30H of 30H of 30H of 30H of 30H of
options options options options options options
granted granted granted granted granted granted
(fter 4 years of grant date 40H of 40H of 40H of 40H of 40H of 40H of
options options options options options options
granted granted granted granted granted granted
51er+isa,le period 10 years 10 years 10 years 10 years 10 years 10 years
from "esting from "esting from "esting from "esting from "esting from "esting
date date date date date date
<esting Conditions 3n a+hie"ement of predetermined targets-
The series)ise details have 0een summari9ed 0elo)5
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the
,eginning of the period
(N%$er of >hares)
' ' 4*000 ' ' 14#800
<ddM Aranted drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 3orfeited drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 1(ercised drin+
the period (N%$er of
Shares:
' ' 4*000 ' ' 14#800
LessM 1(pired drin+
the period (N%$er of
Shares:
' ' ' ' ' '
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
march 3#! (#3
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the
,eginning of the period
(N%$er of >hares)
81#900 1/#500 /9#050 ' &8#400 /&#900
<ddM Aranted drin+ ' ' ' ' ' '
Shares:
LessM 3orfeited drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 1(ercised drin+
the period (N%$er of
Shares:
10*400 6#000 11*400 ' &/#600 11*100
LessM 1(pired drin+
the period (N%$er of
Shares:
71#500 7#500 &/#650 ' 4800 7#000
3utstanding at the end
of the period (N%$er of
Shares:
' ' 4*000 ' ' 14#800
51er+isa,le at the end of
the period (N%$er of
Shares:
' ' 4*000 ' ' '
/eighted a"erage
remaining +ontra+tual life
9in years:
5.09 5.49 6.01 6.88 7.78 8.60
/eighted a"erage fair
"alue of options granted
59.04 91.75 74.85 1/6.40 &5/.90 &01.45
/eighted ("erage
1(ercise Price(:s.)
/5.00 /5.00 /5.00 /5.00 /5.00 /5.00
$= empLo*ee SToC- opTion pLan (Contd=)
3utstanding at the end
of the period (N%$er of
Shares:
' ' ' ' ' '
51er+isa,le at the end of
the period (N%$er of
Shares:
' ' ' ' ' '
/eighted a"erage
remaining +ontra+tual life
9in years:
' ' ' ' ' '
/eighted a"erage fair
"alue of options granted
59.04 91.75 74.85 1/6.40 &5/.90 &01.45
/eighted ("erage
1(ercise Price(:s.)
/5.00 /5.00 /5.00 /5.00 /5.00 /5.00
the period (N%$er of
$= empLo*ee SToC- opTion pLan (Contd=)
T2e +etil- of e!erci-e price for -tock option- out-tn+ing t t2e en+ of t2e 6er re7
march 3#! (#&
There are no sto+& options outstanding as at
march 3#! (#3
7ar+h 31* 2014-
)eighted
average
remaining
contractual )eighted
Series
range o.
e!erci-e
prices
num0er
o. options
outstanding
li.e o.
options
(in *ears)
average
e!erci-e
price
Series i :s. /5G' ' 5.09 :s. /5G'
Series ii :s. /5G' ' 5.49 :s. /5G'
Series iii :s. /5G' 4*000 6.01 :s. /5G'
Series i? :s. /5G' ' 6.88 :s. /5G'
Series ? :s. /5G' ' 7.78 :s. /5G'
Series ?i :s. /5G' 14#800 8.60 :s. /5G'
Stoc- options granted
Series i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 59.04. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((5 (($ ((" ((%
Kei+hted a)era+e share price (:s.) 9/./0 9/./0 9/./0 9/./0
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: /8.44 /8.44 /8.44 /8.44
?istori+al <olatility N< N< N< N<
Life of the options granted 9<esting and e1er+ise period:
in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 5.98 6.// 6.54 6.7/
51pe+ted di"idend rate 9H: 2-31 2-31 2-31 2-31
Series ii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 91.75. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 130-10 130-10 130-10 130-10
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 19.89 19.89 19.89 19.89
?istori+al <olatility N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.64 6.8/ 6.9/ 7.&6
51pe+ted di"idend rate 9H: &.5& &.5& &.5& &.5&
The *ei+hted a)era+e share price for the period o)er *hich stoc, options *ere e(ercised *as :s.650.99
(9arch /1# &01/M :s. 660.98)
$= empLo*ee SToC- opTion pLan (Contd=)
Series iii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 74.85. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 111.&5 111.&5 111.&5 111.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: /1.85 /1.85 /1.85 /1.85
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.96 7.10 7.&6 7.40
51pe+ted di"idend rate 9H: &.5& &.5& &.5& &.5&
Series i?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 1/6.40. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((" ((% ((' (#(
Kei+hted a)era+e share price (:s.) 168.05 168.05 168.05 168.05
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 41.51 41.51 41.51 41.51
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 7.68 7.76 7.8& 7.87
51pe+ted di"idend rate 9H: 0.89 0.89 0.89 0.89
Series ?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &5/.90. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((% ((' (#( (##
Kei+hted a)era+e share price (:s.) &94.50 &94.50 &94.50 &94.50
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 69.&& 69.&& 69.&& 69.&&
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 9.41 9./6 9./4 9./6
51pe+ted di"idend rate 9H: 1.6/ 1.6/ 1.6/ 1.6/
$= empLo*ee SToC- opTion pLan (Contd=)
Series ?i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &01.45. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((' (#( (## (#
Kei+hted a)era+e share price (:s.) &45.&5 &45.&5 &45.&5 &45.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 64.80 64.80 64.80 64.80
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 5.00 5.00 5.00 5.00
<)era+e ris,'free interest rate (4) 4-03 4.68 5.&0 5.64
51pe+ted di"idend rate 9H: 1.96 1.96 1.96 1.96
The e(pected )o!ati!it" *as deter%ined $ased on historica! )o!ati!it" data e;a! to the N>1 )o!ati!it" rate of 2an, Nift"
*hich is +onsidered as a +ompara,le peer group of the Company- To allo% for the effe+ts of early e1er+ise* it %as
assumed that the employees %ill e1er+ise the options %ithin si1 months from the date of "esting in "ie% of the e1er+ise
pri+e ,eing si+nificant!" !o*er than the %ar,et price.
1ffect of the e%p!o"ee share'$ased pa"%ent p!ans on the state%ent of profit and !oss and on its financia! positionM
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
Tota! co%pensation cost pertainin+ to e%p!o"ee share'$ased
payment plan 9entirely eLuity settled:
8./6 (86.69)
Lia,ility for employee sto+& options outstanding as at year end 8/.61 34-00
8eferred +ompensation +ost 76.15 0.90
$= empLo*ee SToC- opTion pLan (Contd=)
.ince t2e enterpri-e u-e+ t2e intrin-ic 'lue met2o+ t2e impct on t2e reporte+ net profit n+ erning- per -2re
0* appl*ing the .air value 0ased method is as .ollo)s5
In 9arch &005# IC<I has issed a +idance note on D<ccontin+ for 1%p!o"ees >hare 2ased Pa"%entsE app!ica$!e to
e%p!o"ee $ased share p!an the +rant date in respect of *hich fa!!s on or after <pri! 1# &005. The said +idance note
reLuires that the proforma dis+losures of the impa+t of the fair "alue method of a++ounting of employee sto+&
+ompensation accontin+ in the financia! state%ents. <pp!"in+ the fair )a!e $ased %ethod defined in the said +idance
note# the i%pact on the reported net profit and earnin+s per share *o!d $e as fo!!o*sM
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
Profit as reported (:s. in !acs) 1/5#79/.7/ 146#/4&.79
<ddM 1%p!o"ee stoc, co%pensation
nder intrinsic )a!e %ethod (:s. in !acs)
8./6 (86.69)
LessM 1%p!o"ee stoc, co%pensation
nder fair )a!e %ethod (:s. in !acs)
9.8/ (80.&0)
Profor%a profit (:s. in !acs) 1/5#79&.&6 146#//6./0
earnings per share
Basic (rs=)
' <s reported 59.85 64.5&
' Profor%a 59.85 64.51
diluted (rs=)
' <s reported 59.85 64.51
' Profor%a 59.85 64.51
No%ina! 0a!e (:s.) :s. 10.00 :s. 10.00
"= LeaSeS
in case o. assets ta-en on lease
The Arop has ta,en )arios office pre%ises# frnitre and fi(tres# co%pters and p!ant and %achiner" nder operatin+
!ease. The !ease pa"%ents reco+ni-ed in the state%ent of profit J !oss are :s. 7#414.97 !acs (9arch /1# &01/ M :s.
6#565.64 !acs). Certain a+ree%ents pro)ide for cance!!ation $" either part" or certain a+ree%ents contains c!ase for
esca!ation and rene*a! of a+ree%ents. The non'cance!!a$!e operatin+ !ease a+ree%ents are ran+in+ for a period 6 to 144
months- There are no restri+tions imposed ,y lease arrangements- There are no su, leases-
The ftre %ini%% !ease pa"%ents in respect of non'cance!!a$!e operatin+ !ease as at the $a!ance sheet date are
s%%ari-ed $e!o* M
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
minimum Lease pa*ments5
Not !ater than one "ear 1#015.&7 950.11
Later than one "ear $t not !ater than fi)e "ears 1#6&/.74 781.9&
Later than fi)e "ears 45/.84 58.81
%=
*n ccor+nce wit2 t2e (e-er'e Bnk of *n+i circulr no.(B*D200"E07D 225 ,%B. (P,) 4.4 %o. 87D03.02.004D200"E
07 +te+ Gnur6 4, 2007, t2e 4ompn6 2- crete+ floting c2rge on t2e -ttutor6 li:ui+ --et- compri-ing
of in'e-tment in >o'ernment .ecuritie- to t2e e!tent of (-. 34,07".00 lc- (/rc2 31, 20137 (-. 24,1"1.00 lc-)
in .avour o. trustees representing the pu0lic deposit holders o. the Compan*=
'= reLaTed parTieS diSCLoSure
(elte+ prt6 w2ere control e!i-t-
other related parties
1nterprises ha)in+ si+nificant inf!ence M >hrira% Co!din+s (9adras) Pri)ate Li%ited
o)er the Co%pan" (pto No)e%$er 05# &01&)
Shriram Capital Limited
Ne*$rid+e India In)est%ents II Li%ited (pto 9a" 10# &01/)
Shriram 3%nership Trust
Shriram Finan+ial <entures 9Chennai: 4ri"ate Limited
9 %-e-f- (ugust 31* 2012:
<ssociates M Shriram (sset 7anagement Company Limited
(pto Ine 18# &01/)
8e" 9ana+e%ent Personne! M 9r. ?%esh :e)an,ar# 9ana+in+ Birector
9r. Pratap Paode# Chief 1(ecti)e 7fficer# >hrira%
5Luipment Finan+e Company Limited
9r. >a%eer 9a!hotra# Chief 1(ecti)e 7fficer# >hrira%
(utomall 'ndia Limited
:e!ati)es of 8e" 9ana+e%ent Personne! M 9rs. >chita ?. :e)an,ar (spose of 9r. ?%esh :e)an,ar)
9aster >hirish ?. :e)an,ar ( son)
9aster >hre"as ?. :e)an,ar (son)
9rs. Aeeta A. :e)an,ar (%other)
7rs- $idisha 4aode9spouse of 7r- 4ratap 4aode:
7rs- =amini 7alhotra 9spouse of 7r- Sameer 7alhotra:
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
P6ment-D&!pen-e-
1%p!o"ee $enefits for ,e" %ana+e%ent
personnel
' ' ' '
&05.8/ 18&.19
' '
(5=%3 #%=#'
Car rental +harges ' ' ' ' ' ' 5.88 5.&8 5=%% 5=%
:o"a!t" paid to >hrira% 7*nership Trst &#561.58 &#&5/./7 ' ' ' ' ' ' !5$#=5% !53=3"
8ata sour+ing fees paid to Shriram 3%nership
Trust
716.59 6&0./9 ' ' ' ' ' ' "#$=5' $(=3'
Ser"i+e +harges paid to Shriram 3%nership
Trust
4#&99.56 /#7&&./5 ' ' ' ' ' ' &!''=5$ 3!"=35
Ser"i+e +harges paid to Shriram Capital Limited /#9/7.95 /#517.01 ' ' ' ' ' ' 3!'3"='5 3!5#"=(#
1;it" di)idend paid Z ' ' ' ' 3-13 1.5& ' ' 3=#3 #=5
' >hrira% Capita! Li%ited 4#104.08 1#755.08 ' ' ' ' ' ' &!#(&=(% #!"55=(%
Non'con)erti$!e de$entre %atred Z ' ' ' ' ' ' 2-01 1.09 =(# #=('
Fi1ed deposit matured ' ' ' ' ' ' 1-02 ' #=( ,
Interest on fi(ed deposit ' ' ' ' ' ' 0.15 0-12 (=#5 (=#
'nterest on su,ordinated de,t ' ' 17.50 76./0 ' ' 0.07 0-04 #"=5" "$=3&
Interest on non'con)erti$!e de$entre ' ' 0-12 0.6& 0./8 ' 1.78 1.18 =% #=%(
'n"estment in preferen+e shares in Shriram
<sset 9ana+e%ent Co%pan" Li%ited Z
' ' ' 100-00 ' ' ' ' , #((=((
1%p!o"ee $enefits paid Z
' >hrira% Capita! Li%ited ' 17.&4 ' ' ' ' ' ' , #"=&
:ent paid ' ' 0./9 &.&6 ' ' ' ' (=3' =$
' >hrira% Capita! Li%ited &0.55 ' ' ' ' ' ' ' (=55 ,
3ther administrati"e e1penses paid to
' >hrira% Capita! Li%ited 5.11 ' ' ' ' ' ' ' 5=## ,
?nsecred !oan +i)en Z
' >hrira% Capita! Li%ited ' /4#500.00 ' ' ' ' ' ' , 3&!5((=((
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%= reLaTed parTieS diSCLoSure (Contd=)
(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
(eceipt-D*ncome
51penses
;nse+ured loan repaid [
' >hrira% Capita! Li%ited ' /7#000.00 ' ' ' ' ' ' , 3"!(((=((
'nterest re+ei"ed on unse+ured loan
' >hrira% Capita! Li%ited ' 1#167.4/ ' ' ' ' ' ' , #!#$"=&3
:ent and e!ectricit"
' >hrira% Capita! Li%ited 11-32 15.17 ' ' ' ' ' ' ##=3 #5=#"
' >hrira% <sset 9ana+e%ent Co%pan"
Limited
' ' 1.16 5.40 ' ' ' ' #=#$ 5=&(
Non'con)erti$!e de$entre [ ' ' ' ' ' ' /.&9 &./8 3=' =3%
Fi1ed deposit [ ' ' ' ' ' ' &.09 ' =(' ,
Su,ordinated de,ts [ ' ' ' ' ' ' 0.80 ' (=%( ,
<pp!ication %one" of NCB [ ' ' ' ' ' ' ' 0.50 , (=5(
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
Balance outstanding at the *ear end
Share Capital ' ' ' ' 5.5& 5.08
' ' 5=5 5=(%
' >hrira% Capita! Li%ited 5#910./& 5#850.&8 ' ' ' ' ' ' 5!'#(=3 5!%5(=%
'n"estment in 5Luity shares
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' 240-00 ' ' ' ' , &(=((
'n"estment in 4referen+e shares
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' 100-00 ' ' ' ' , #((=((
Non'con)erti$!e de$entre ' ' ' 6.00 4./8 ' 15.86 7.09 (=& #3=('
Interest pa"a$!e on Non'con)erti$!e de$entre ' ' ' ' 0-22 ' 1.19 1-03 #=&# #=(3
:ent recei)a$!e fro% >hrira% Capita! Li%ited 0.94 0.94 ' ' ' ' ' ' (='& (='&
(dministrati"e e1penses paya,le to Shriram
Capital Limited
/.65 ' ' ' ' ' ' ' 3=$5 ,
3utstanding e1penses
'>hrira% 7*nership Trst &/0.94 1#998.44 ' ' ' ' ' ' 3(='& #!''%=&&
Fi1ed deposit ' ' ' ' ' ' &.09 1-02 =(' #=(
Interest pa"a$!e on fi(ed deposit ' ' ' ' ' ' 0-12 0-30 (=# (=3(
Su,ordinated de,t ' ' ' 413-40 ' ' 1-10 0-30 #=#( &#3="(
'nterest paya,le on su,ordinated de,t ' ' ' &70.57 ' ' 0.18 0-11 (=#% "(=$%
Z Benotes pa"%ents
[ Benotes receipts
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
1#2
Shriram Transport Finan+e Company Limited
3(= ConTin>enT LiaBiLiTieS noT pro?ided <or
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
a- 'n respe+t of 'n+ome ta1 demands %here the +ompany has
fi!ed appea! $efore CIT(<ppea!s)
5&#679.&& 46#689.1&
,- 0<T de%and *here the co%pan" has fi!ed appea! $efore
Tri,unal
&#6&1.14 1#84/.09
+- Ser"i+e ta1 lia,ility pertaining to ?4ALease 1&#8&4.07 '
d- >uarantees and +ounter guarantees &/7#80/.49 &&7#&50.85
3tre cash otf!o*s in respect of (a)# ($) and (c) a$o)e are deter%ina$!e on!" on receipt of .d+e%ents Gdecisions pendin+
%ith "arious forumsAauthorities- The Company is of the opinion that a,o"e demands are not sustaina,le and e1pe+ts to
su++eed in its appeals-
The Co%pan" has recei)ed >ho* Case Notice de%andin+ ser)ice ta( on ser)ices rendered to*ards pro)ision of
co!!ection of recei)a$!es and !i;idit" faci!ities in respect of >ecritisation G Birect <ssi+n%ents for the period &008'09 to
&011'1& and the same is +ontested ,y the Company-
(:s. in !acs)
,i-pute+ income t! +emn+ re on ccount of as at march 3#! (#& as at march 3#! (#3
a- Transfer to stattor" reser)e# pro)ision for NP<#
se+uritisation* et+
/&#866.77 &7#&88.44
,- >ecritisation and ro"a!t" for <F &008'09 and &007'08 19#77/.64 19#400.68
+- 8isallo%an+e of 5S34 e1penses /8.81 '
5!$"'= &$!$%'=#
(:s. in !acs)
Commitments not provided .or as at march 3#! (#& as at march 3#! (#3
a- 5stimated amount of +ontra+ts remaining to ,e e1e+uted on
+apital a++ount
194.11 /94.81
,- ;n+alled amount in in"estment in 'C'C' 'n"estment
7anagement Company Limited
1#046.96 1#6&6.85
1#3
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T
The Company sells loans through se+uritisation and dire+t assignment-
The information on se+uritisation of the Company as an originator in respe+t of se+uritisation transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under par stru+ture &10#869 &16#084
Total ,oo& "alue of loan assets 805#6/5.46 780#/79.6&
Sale +onsideration re+ei"ed 805#6/5.46 780#/79.6&
The information on se+uritisation of the Company as an originator in respe+t of outstanding amount of se+uritised assets
is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of >P0s sponsored $" the Co%pan" for secritisation
transa+tions
48 34
Total amount of se+uritised assets as per the ,oo&s of S4<s
sponsored ,y the Company
1#&&6#69&.65 94/#519.90
Total amount of e1posures retained ,y the Company to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss 751.&5 751.&5
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss 80#/49.45 /8#/54.45
'n"estment in 4TC 56#/47.80 /7#11&.85
<%ont of e(posres to secritisation transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n se+uritisations
First Loss ' 1#&07.00
3thers 96#464.9& 4/#955.46
ii: 51posures to third party se+uritisations
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n se+uritisations
First Loss 11#664.54 11#46&.58
3thers &7#/07.99 /6#045.91
ii: 51posures to third party se+uritisations
First Loss ' '
3thers ' '
1#4
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of par transa+tion done during the
"ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under par stru+ture 87#15/ 51#9&0.00
Total ,oo& "alue of loan assets &6&#/19./& 98#050.69
Sale +onsideration re+ei"ed &6&#/19./& 98#050.69
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder par strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 55 70
Total amount outstanding 4&/#&&8./8 8/8#866.0&
Total amount of e1posures retained ,y the +ompany to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
'n"estment in 4TC &/#841.58 9#805.07
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss &6#909.41 /6#749.49
3thers 97#&87.54 1/4#145.&1
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 19#7/7.&7 //#577.5&
3thers 575.61 1&#&68.1&
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
1#5
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of premium transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under premium stru+ture ' '
Total ,oo& "alue of loan assets ' '
Sale +onsideration re+ei"ed ' '
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder pre%i% strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 6 13
Total amount outstanding 4#/58.10 /&#801.8&
Total amount of e1posures retained ,y the +ompany to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
'n"estment in 4TC ' '
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 4*222-20 6#168.&0
3thers 1#8/1.00 17#&80.6/
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 1#754./6 19#884.&7
3thers /0/.45 5#7&7.9/
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
1#
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3=
B-e+ on t2e intimtion recei'e+ 96 t2e >roup, -ome of t2e -upplier- 2'e confirme+ to 9e regi-tere+ un+er
NThe micro! Small and medium enterprises development (@mSmed3) act! (($O= accordingl*! the disclosures
relting to mount- unpi+ - t t2e 6er en+e+ toget2er wit2 intere-t pi+ Dp69le re furni-2e+ 9elow7
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
The prin+ipal amount remaining unpaid to supplier as at the end of
the year
' '
The interest due thereon remaining unpaid to supplier as at the end
of the year
' '
The a%ont of interest paid in ter%s of >ection 16# a!on+ *ith the
amount of payment made to the supplier ,eyond the appointment
day during the year
' '
The amount of interest due and paya,le for the year of delay in
ma&ing payment 9%hi+h ha"e ,een paid ,ut ,eyond the appointed
da" drin+ the "ear) $t *ithot addin+ the interest specified nder
this (+t
' '
The amount of interest a++rued during the year and remaining
unpaid at the end of the year
' '
The amount of further interest remaining due and paya,le e"en in
the su++eeding years* until su+h date %hen the interest dues as
a,o"e are a+tually paid to the small enterprise for the purpose of
disallo%an+e as a dedu+ti,le e1penditure under se+tion 23 of the
9icro >%a!! and 9edi% 1nterprise Be)e!op%ent <ct# &006
' '
33=
*n ++ition to t2e u+itor- remunertion -2own in operting n+ ot2er e!pen-e-, t2e 4ompn6 2- l-o incurre+
auditors remuneration in connection )ith audit and related statutor* services to 0e per.ormed 0* auditors in
connection )ith pu0lic issue o. non converti0le de0entures o. rs= #(=$ lacs (march 3#! (#35 rs= 53=3% lacs)
Linclu+ing out of pocket e!pen-e- of (-. 1.52 lc- (/rc2 31, 20137 (-. 0.4" lc-)M 2'e 9een morti-e+ - per
note #3 and sho)n under other assets=
&64#510#406.00
'Cash 200-00
'2an, 11#460#048.00
'7ther <sset (<d)ance ta() /#5/4#&71.00
LessM Lia$i!ities (creditors) (17#500.00)
<air ?alue o. net asset ta-en over "'!&%"!&5=((
Less5
<dditiona! isse of e;it" share (500#868 e;it" shares
of :s. 10 each)
(5#008#680.00)
"&!&"%!"&5=((
1#B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3&=
/&(>&( 1) .2(*($/ 21=,*%>. (/$,($.) P(*?$T& =*/*T&, LB.2/P=CM F*T2 T2&
Compan* durin> The *ear ended marCh 3#! (#3! 5
9a: 3n 8e+em,er 21* 2011* the $oard of 8ire+tors of the Company ha"e appro"ed the merger S?74L %ith the
Company-
'n terms of the S+heme of (malgamation & (rrangement 9S+heme: appro"ed ,y ?on!,le ?igh Court of 7adras "ide
order dated >epte%$er 1/# &01& and s$se;ent fi!in+ thereof *ith the :e+istrar of Co%panies (H:7C@)# Ta%i! Nad
dated No)e%$er 05# &01&# >hrira% Co!din+s (9adras) Pri)ate Li%ited (D>C9PLE)# an In)est%ent co%pan" has $een
a%a!+a%ated *ith the Co%pan" *ith effect fro% <pri! 01# &01&. The sche%e *as effecti)e on!" after the fi!in+ thereof
*ith :7C# Ta%i! Nad and had an appointed date of <pri! 01# &01&.
($) Prior to the %er+er# >C9PL he!d 9/#/71#51& shares of the Co%pan".
9+: The amalgamation has ,een a++ounted for under the X4ur+hase methodY as pres+ri,ed ,y X(++ounting Standard
14 (<>'14) <ccontin+ for <%a!+a%ationE notified nder Co%panies (<ccontin+ >tandards) :!es# &006 (as
amended:-
(d) In accordance *ith the said >che%eM
i: (ll the assets 9other than shares of the Company held ,y XS?74LY of the Company:* de,ts* lia,ilities* duties
and o,ligations of S?74L ha"e ,een "ested in the Company %ith effe+t from (pril 01* 2012 and ha"e ,een
re+orded at their respe+ti"e Fair "alues under the pur+hase method of a++ounting for amalgamation- There
%ere no differen+e in the a++ounting poli+ies of XS?74LY and the Company-
ii) 1(chan+e ratio deter%ined at /1/M1&4 (i.e. /1/ e;it" shares of :s. 10G' each of the Co%pan" for e)er" 1&4
e;it" shares of :s. 10G' each of D>C9PLEand these e;it" shares ran,in+ pari'pass *ith the e(istin+ e;it"
shares of the Company-
iii) <dditiona! isse of 500#868 e;it" shares to the shareho!ders of >C9PL# prsant to Net <ssets ta,en of
S?74L o"er ,y the Company-
i)) In accordance *ith the said sche%e# e(cess of the Net <ssets 0a!e ta,en o)er $" the Co%pan" )is'a')is
additional eLuity shares issued has ,een transferred to +apital reser"es-
)) Betai!s of Net <ssets ta,en o)er and transfer to Capita! reser)e is as nderM
<air ?alue o. the asset5
'In)est%ent
amount in rupees
amount ta-en to capital reserves on amalgamation
35=
$,GJ.T/&%T ,J& T1 ,&4(&$.&D(*%4(&$.&) *% .T14k
o< uSed CommerCiaL ?ehiCLeS
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
3pening sto+& 9(: ' 96.11
LessM C!osin+ stoc, (2) ' '
,ecre-eD(incre-e) in -tock of u-e+ commercil 'e2icle-
(a,B)
, '$=##
3$=
addiTionaL in<ormaTion purSuanT To The pro?iSionS o<
para>raph 3 o< parT ii o< SCheduLe ?i o< The aCT=
details o. Stoc- and Sales o. ?ehicles5 march 3#! (#&
(:s. in !acs)
opening Stoc- purchases Closing Stoc- >ross Sales
Auantit* ?alue (rs in
(nos) lacs)
Auantit*
(nos)
Auantit* ?alue (rs in
(nos) lacs)
Auantit* ?alue
(nos) (rs in lacs)
, , , , , , ,
details o. Stoc- and Sales o. ?ehicles5 march 3#! (#3
(:s. in !acs)
opening Stoc- purchases Closing Stoc- >ross Sales
Auantit* ?alue (rs in Auantit* Auantit* ?alue (rs in Auantit* ?alue
(nos) lacs) (nos) (nos) lacs) (nos) (rs in lacs)
5 '$=## , , , 5 %&=#"
3"= eCpendiTure in <orei>n CurrenC* (<CC:?<L 2<>I>)
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
:atin+ fees 4/.90 '
Computer soft%are 7.// '
Total 5#=3 ,
3%= pre?iouS *ear ComparaTi?eS
Pre)ios "ear fi+res ha)e $een re+roped G rearran+ed# *here)er considered necessar"# to confor% *ith crrent "ear@s
presentation-
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= For and on ,ehalf of the $oard of 8ire+tors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
notes
ConSoLidaTed aCCounTS <nna! :eport &01/'14
1##
notes
200
Shriram Transport Finan+e Company Limited
Printed at ><I >C:I:<9 P:INT1:> (< BI0I>I7N 73 >ICL)
Shriram Transport Finan+e Company Limited
%% % -stf+-in
f;~'~'
*
\
CINM L65191 TN1979PLC00787 4
:e+d. 7fficeM 9oo,a%$i,a Co%p!e(# /rd 3!oor# No.4# Lad" Besi,a :oad# 9"!apore# Chennai ' 600 004
Te! NoM T91 44&4990/56 3a(M T91 44&499/&7&. Ke$siteM ***.stfc.in 1%ai! idM secretaria!Ystfc.in.
37:9<
3or%at of co)erin+ !etter of the <nna! <dit :eport to $e fi!ed *ith the >toc, 1(chan+es
1 Na%e of the Co%pan"M >hrira% Transport 3inance
Co%pan" Li%ited
& <nna! financia! state%ents for the "ear ended /1st 9arch &014
/ T"pe of <dit o$ser)ation ?n';a!ified
4 3re;enc" of o$ser)ation None
5 To $e si+ned $"' .
]
9r. ?%esh :e)an,ar
C17G9ana+in+ Birector
*
=
9r. Para+ >har%a
Chief 3inancia! 7fficer
=
<ditors of the co%pan"M
]
9r. >hra*an Ia!an
Partner
9e%$ership No .. 10&10&
3or >.:.2at!i$oi & Co. LLP#
*
Chartered <ccontants
IC<I 3ir% :e+istration N%$erM/0!70/1
]
9r. <%e"a Ta%$e,ar
Partner
9e%$ership No.!&8/55
3or A. B. <pte & Co.
Chartered <ccontants
IC<I 3ir% :e+istration N%$erMI00515K
i510O5
KK
#'
C
i
i-
Shrlram Transport Finan+e Company limited* /o+&hardt To%ers* Le"el- 3* /est /ing* C-2* >-$lo+=- Sandra - =urla Comple1* Sandra 95as^:*7um,ai - 400 051-
TelC I #1 22 40#5#5#5* Fa1C I#1 22 40#5#5#BA#* /e,siteC V7/'-stf+-in
'
.c...
=
/r. /. .. ?erm
$u+it 4ommittee 42irmn
# 7PQ (#&
or SRSISTM TSTQS+UST !"#"C$ C%. %T&.'
KK
V. M=Tch)al
C'
m
pany Secretary(
Shrlram Transport <inance Compan* Limited! /o+llhardt To%ers- Le"el- 3- /est /ing* C-2* >-D'o+&- Sandra - =urla Comple1* Sandra 95ast:- 7um,ai - 400 051
* TelC I#1 22 40#5#5#5- Fa1C I#1 22 40#5#5#BA#* /e,siteC //<lstf+*in
f
-
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