Shriram City Union Finance Limited - Karvy

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party and the non-defaulting party representing the size of the liquidated damages payable tothe non-defaulting party owing to the breach on the part of the defaulting party.Within 30 days from the expiry of the Cure Period, the non-defaulting party shall issue anotice, (“Options Notice”) to the defaulting party setting out the details of the optionproposed to be exercised by the non-defaulting party, number of shares and/or warrants inrespect of which such option is proposed to be exercised and the price of each share and/orwarrant for such purpose. The sale or purchase of the Shares and/or Warrants, pursuant tosuch Option Notice shall be completed within 30 days from the date of the Option Notice.(ii) Merger of SCUFL with SRHPL: The non-defaulting party has the right to requisition theconvening of an extra-ordinary general meeting of the shareholders of our Company andSRHPL to effect and sanction the merger of SCUFL and SRHPL. For the purpose ofprotecting the non-defaulting party’s rights under this Agreement, SRHPL and the defaultingparty shall vote in favour of any resolution at such meeting of the shareholders of ourCompany and SRHPL to authorize, sanction or effect such merger.(j) Dispute Resolution: Arbitration in accordance with the Arbitration and Conciliation Act, 1996 and theplace of arbitration is Mumbai. Arbitration will be conducted in English Language.(k) Governing law: Indian Law.6. License Agreement dated April 1, 2010 between Shriram Ownership Trust, (“ SOT”) and ourCompany, (“License Agreement”):Pursuant to the License Agreement, SOT granted license to use the non exclusive copyright, relating to theexisting artistic work “SHRIRAM” logo, (“Copyright”) assigned in the favour of SOT by Shriram CapitalLimited, to our Company and to reproduce the said work, in connection with the business activities of ourCompany in the territory of India during the term of the Copyright. The salient terms of the LicenseAgreement are as follows:(i) Consideration: A royalty of 0.25% on the gross turnover of our Company for the first year of theLicense Agreement will be paid by our Company to SOT. Royalty rates for the subsequent years willbe decided mutually on or before April 1 st of the respective financial years. Royalty will be paid by ourCompany to SOT with quarterly rates ending on June 30 th , September 30 th , December 31 st and March31 st with effect from date of the License Agreement. Along with the royalty, our Company will alsopay to SOT amounts by way of reimbursement of actual expenses incurred by SOT in respect ofprotection and defence of the Copyright.(ii) Duration: The License Agreement will remain in force for a period of three years and can be renewedthereafter by mutual consent. SOT may terminate the agreement if our Company breaches theprovisions of the License Agreement and fails to remedy such breach within 60 days of notice of suchbreach.(iii) Arbitration: In case of dispute or difference arising between the SOT and our Company shall bereferred to an arbitrator decided on a mutual consent and the decision of the arbitrator is final andbinding on both the parties. The place of arbitration shall be in Chennai.108
OUR MANAGEMENTBoard of DirectorsThe general superintendence, direction and management of our affairs and business are vested in our Board ofDirectors. Currently, we have 12 Directors on our Board.Details relating to DirectorsName, Designation,Age and DINMr. Arun DuggalChairmanAge: 64DIN: 00024262NationalityIndian/United States ofAmerica(Dualcitizenshipholder)Date ofAppointmentMay 25, 2007AddressA-4, 3 rd FloorWest-End ColonyNew Delhi- 110 021Other Directorships(i) Zuari Industries Limited;(ii) Patni Computers Systems Limited;(iii) Ecron Acunova Limited ( Namechange from Manipal AcunovaLimited);(iv) Info Edge (India) Limited ;(v) Jubiliant Energy N.V, Canada;(vi) Shriram Properties Limited;(vii) Dish TV India Limited;(viii) Shriram Transport FinanceCompany Limited;(ix) Mundra Port and SpecialEconomic Zone Limited;(x) Shriram EPC Limited;(xi) Motrice Limited, Singapore;(xii) FIL Fund Management PrivateLimited;(xiii) Carzonrent (India) Private Limited;(xiv) The Bellwether Microfinance FundPrivate Limited;(xv) International Asset ReconstructionCompany Private Limited;(xvi) Blackstone Investment CompanyPrivate Limited;(xvii) Tanglewood Financial AdvisorsPrivate Limited;(xviii) Shriram Capital Limited; and(xix) Jubiliant Energy N.V, NetherlandsMr. R. KannanManaging DirectorAge:66DIN: 00140363Indian September 15,2005No. 20/32, 2 nd FloorSA-1 Abirami Camelia,4 th main RoadKasturbai NagarAdyar, Chennai- 600020(i) Shriram Properties andConstructions (Chennai) Limited;(ii) Shriram Permanent Fund Limited;and(iii) Shriram Entrepreneurial VenturesLimitedMr. MukundGovind DiwanIndependent DirectorAge:79DIN:00001097Indian June 15, 2007 Flat No. 3, GulmoharBuilding, 1 st Floor, VileParle Kalpataru CooperativeHousingSociety, off. SwamiVivekanand Road, VileParle (West), Mumbai-400 056109(i) Indian Institute of Public OpinionsPrivate Limited;(ii) DS Acturial Education ServicesPrivate Limited;(iii) VLS Finance Limited;(iv) G M Breweries Limited;(v) Dwarikesh Sugar Industries Limited;(vi) Marketing Research Corporation ofIndia Limited
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Draft ProspectusDated July 21, 2011
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SECTION I : GENERALDEFINITIONS / AB
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TermDebenture Holder (s)Debt Listin
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that notice of such early closure i
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TermROCRTGSSBISCRASCRRSEBIDescripti
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• Emergence of new competitors;
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SECTION II : RISK FACTORSProspectiv
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may be lower than the outstanding l
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and other liberalization measures a
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previous working relationship; succ
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As part of our means of raising and
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24. We may have to comply with stri
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valuation mechanism, which are pers
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Risks Relating to the Utilization o
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As on March 31, 2011, 24 % of our A
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5. Investors may contact the Regist
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Lead Managers:JM Financial Consulta
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Bankers to our CompanyANDHRA BANKCo
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STATE BANK OF BIKANER AND JAIPUR1 s
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warrant. CRISIL is not responsible
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We leverage on the Shriram Group’
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Access to a range of cost effective
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THE ISSUEThe following is a summary
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SUMMARY FINANCIAL INFORMATIONThe fo
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B. SUMMARY INFORMATION OF OUR UNCON
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C. SUMMARY INFORMATION OF OUR UNCON
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ParticularsFor the year ended March
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E. SUMMARY INFORMATION OF OUR CONSO
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F. SUMMARY INFORMATION OF OUR CONSO
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CAPITAL STRUCTUREDetails of share c
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Date of AllotmentNumber of sharesis
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Sr.NoCategory ofShareholderNumberof
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Sr. No. Name of holder Number ofins
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11. List of top ten holders of Secu
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Page 71 and 72: STATEMENT OF TAX BENEFITSUnder the
Page 73 and 74: provisions of Chapter XII-A shall c
Page 75 and 76: SECTION IV : ABOUT THE ISSUER COMPA
Page 77 and 78: Initially, the NBFCs registered wit
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Page 81 and 82: wheelers and similar forms of intra
Page 83 and 84: Players are now adopting stringent
Page 85 and 86: Growth in CV finance disbursements`
Page 87 and 88: SI.No.YearTotalMSMEs(lakhnumbers)Fi
Page 89 and 90: women and all loans to the North Ea
Page 91 and 92: segment and the ability to provide
Page 93 and 94: NBFCs in the Indian gold loans mark
Page 95 and 96: We leverage on the Shriram Group’
Page 97 and 98: Access to a range of cost effective
Page 99 and 100: Our Company’s ProductsProduct Fin
Page 101 and 102: All customer origination and evalua
Page 103 and 104: maintain low gross and net NPA leve
Page 105 and 106: The following table sets forth the
Page 107 and 108: Credit RatingAgencyCAREInstruments
Page 109 and 110: TechnologyWe use information techno
Page 111 and 112: act as, and to undertake and carry
Page 113 and 114: Company equal to or more than 7% of
Page 115 and 116: (c) Term and termination: Either pa
Page 117 and 118: Pursuant to the Agreement, the Inve
Page 119: • more than 50% of the fully dilu
Page 123 and 124: Name, Designation,Age and DINNation
Page 125 and 126: commercial banks. He was the chairm
Page 127 and 128: Remuneration of the DirectorsThe in
Page 129 and 130: A. Audit CommitteeThe members of th
Page 131 and 132: To form Sub CommitteesD. Asset liab
Page 133 and 134: OUR PROMOTERProfile of our Promoter
Page 135 and 136: Particulars FY 2008 FY 2009 FY 2010
Page 137 and 138: Particulars FY 2008 FY 2009 FY 2010
Page 139 and 140: Sr.No.Name of Shareholder Address N
Page 141 and 142: PIJUSH GUPTA & COC H A R T E R E D
Page 143 and 144: 8. This report should not be in any
Page 145 and 146: Annexure IShriram City Union Financ
Page 147 and 148: Annexure IIShriram City Union Finan
Page 149 and 150: Shriram City Union Finance LimitedA
Page 151 and 152: Annexure IIIShriram City Union Fina
Page 153 and 154: Annexure IVShriram City Union Finan
Page 165 and 166: Annexure VShriram City Union Financ
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Annexure VIShriram City Union Finan
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Annexure VIIShriram City Union Fina
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Annexure VIIIShriram City Union Fin
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Annexure IXShriram City Union Finan
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Annexure IXC. Cash Credit from Bank
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Annexure XShriram City Union Financ
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Annexure - XIIShriram City Union Fi
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c. Fixed Assets, Depreciation / Amo
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g. Revenue recognitioni. Income fro
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j. Segment reportingThe company ope
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2010 - 20112. Notes to Accounts1. P
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c) Term Loans:i. From Financial Ins
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Changes in the present value of the
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Enterprises havingsignificant influ
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Deferred Tax AssetTiming difference
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Stock Options grantedThe weighted a
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12. SecuritizationThe information o
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c) All Debentures under (a) and (b)
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Balance sheetDetails of Provision f
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(Rs. In Lacs)Enterprises havingsign
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5. Deferred Tax Liabilities/(Asset)
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The details of Series I have been s
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Since the enterprise used the intri
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13.1 Licensed Capacity, Installed c
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) Term Loans:As at March 31,2009(Rs
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Profit and Loss accountNet employee
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The estimates of future salary incr
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7. Related Party DisclosuresRelated
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* Denotes transactions with Shriram
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(Rs. in lacs)As at March 31, As at
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Stock Options grantedSeries I:The w
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15. SecuritisationThe Company sells
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2007 - 20082. Notes to Accounts1. P
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2. Subordinated DebtThe Company has
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The principal assumptions used in d
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6. Related Party DisclosuresRelated
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9. Earnings per shareParticularsYea
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Income Tax/Wealth TaxDisputed Incom
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Stock Options grantedSeries I:The w
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15. SecuritisationThe Company sells
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2006 - 2007B) Notes to AccountsPart
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9. Expenses in respect of common br
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15. Details of Deferred Tax Liabili
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3(Rs. In lacs)As on March 31,Partic
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(Rs. In lacs)ParticularsAmount outs
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7 Investor group-wise classificatio
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PIJUSH GUPTA & COC H A R T E R E D
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Other consolidated Financial Inform
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Annexure IIShriram City Union Finan
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Shriram City Union Finance LimitedC
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Annexure IVShriram City Union Finan
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Shriram City Union Finance LimitedS
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Annexure VShriram City Union Financ
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Annexure VIShriram City Union Finan
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Shriram City Union Finance Ltd.,Ann
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Shriram City Union Finance Ltd.,Ann
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Annexure XIShriram City Union Finan
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(E)InvestmentsInvestments intended
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(K)Segment reportingThe company ope
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) Privately Placed Redeemable Non-C
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Balance sheetDetails of Provision f
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PaymentsEnterprises having signific
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(8) Deferred Tax Liabilities/(Asset
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The details of Stock Option plan ar
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In March 2005 the ICAI has issued a
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As per our report of even dateFor P
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Sr.No.Particulars16. Industrial Dev
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Sr.No.Particulars Date of sanction
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1. to declare and/ or pay dividend
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SECTION VI : ISSUE RELATED INFORMAT
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person, being a nominee, becoming e
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*With respect to applications recei
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e paid on the next working day. Pay
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Please note that failure to do so c
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We may at our discretion redeem the
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other NCDs in their place. The afor
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from the date of receipt of the app
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or entities.Applicants are advised
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3. Filing of the Prospectus with RO
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in the Application Form would be us
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B. Additional ApplicationsAn applic
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12. Allotment Advice / Refund Order
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iii) In the event, there are more t
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SECTION VII : LEGAL AND OTHER INFOR
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within the meaning of section 271 (
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OTHER REGULATORY AND STATUTORY DISC
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ActivityFees payable legal advisors
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(Source: www.bseindia.com)NSEMonth
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Year ended As at 31st March` In Lak
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(ii)NBFCs are not allowed to deal i
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when hire charges are actually rece
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different rates of interest for dif
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Labour LawsThe Company is required
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…Clause (3) of Article 42 at thei
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MATERIAL CONTRACTS AND DOCUMENTS FO
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DECLARATIONWe, the Directors of the
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