Shriram City Union Finance Limited - Karvy

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h. Employee benefitsProvident FundAll the employees of the Company are entitled to receive benefits under the Provident Fund, a defined contributionplan in which both the employee and the Company contribute monthly at a stipulated rate. The Company has noliability for future Provident Fund benefits other than its annual contribution and recognizes such contributions asan expense in the year it is incurred.GratuityThe Company provides for the gratuity, a defined benefit retirement plan covering all employees. The planprovides for lump sum payments to employees at retirement, death while in employment or on separation fromemployment as per Provisions of payment of Gratuity Act 1972 . The Company accounts for liability of futuregratuity benefits based on an external actuarial valuation on projected unit credit method carried out annually forassessing liability as at the balance sheet date.Leave EncashmentShort term compensated absences are provided for based on estimates. Long term compensated absences areprovided for based on actuarial valuation. The actuarial valuation is done as per projected unit credit method.Actuarial gains/losses are immediately taken to profit and loss account and are not deferred.i. Income TaxTax expense comprises of current tax, deferred tax and fringe benefit tax. Current income tax and fringe benefittax is measured at the amount expected to be paid to the tax authorities in accordance with the Indian Income TaxAct, 1961. Deferred income taxes reflects the impact of current year timing differences between taxable incomeand accounting income for the year and reversal of timing differences of earlier years.Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balancesheet date. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficientfuture taxable income will be available against which such deferred tax assets can be realized. In situations wherethe Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only ifthere is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.The un-recognized deferred tax assets are re-assessed by the Company at each balance sheet date and arerecognized to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficientfuture taxable income will be available against which such deferred tax assets can be realized.The carrying cost of the deferred tax assets are reviewed at each balance sheet date. The Company writes downthe carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain,as the case may be, that sufficient future taxable income will be available against which deferred tax asset can berealized. Any such write down is reversed to the extent that it becomes reasonably certain or virtually certain, asthe case may be, that sufficient future taxable income will be available.F-48
j. Segment reportingThe company operates in one reportable segment.k. Earnings per shareBasic earnings per share is calculated by dividing the net profit or loss for the period attributable to equityshareholders (after deducting attributable taxes) by the weighted average number of equity shares outstandingduring the year.For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equityshareholders and the weighted average number of shares outstanding during the period are adjusted for the effectsof all dilutive potential equity shares.l. Cash and cash equivalentsCash and cash equivalents in the cash flow statement which is prepared in accordance with Accounting Standard (AS)3 issued by the Institute of Chartered Accountants of India(ICAI) comprise cash at bank, cash in hand and short terminvestments with an original maturity of three months or less.m. Expenses on deposits / debenturesExpenses on mobilization of deposits / debentures are charged to Profit & Loss account in the year in which they areincurred.Upto year ended March, 31 2007Expenses on mobilization of deposits / debenture have been charges to Profit & Loss account in the year in whichthey are incurred. However, expenses incurred up to 31 st March 2003 are charged to Profit and Loss Account on thebasis of duration of deposits / debenture.n. ProvisionsA provision is recognized when the Company has a present obligation as a result of past event; it is probable thatoutflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.Provisions are not discounted to its present value and are determined based on best estimate required to settle theobligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the currentbest estimates.o. Derivative instrumentsAccounting for derivative contracts, other than those covered under AS-11, are marked to market and the net lossafter considering the offsetting effect on the underlying hedge item is charged to profit and loss account. Net gainsare ignored.F-49
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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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Employee Stock Option SchemesPursua
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STATEMENT OF TAX BENEFITSUnder the
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provisions of Chapter XII-A shall c
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SECTION IV : ABOUT THE ISSUER COMPA
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Initially, the NBFCs registered wit
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Overall Demand Drivers in the Two W
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wheelers and similar forms of intra
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Players are now adopting stringent
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Growth in CV finance disbursements`
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SI.No.YearTotalMSMEs(lakhnumbers)Fi
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women and all loans to the North Ea
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segment and the ability to provide
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NBFCs in the Indian gold loans mark
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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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Our Company’s ProductsProduct Fin
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All customer origination and evalua
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maintain low gross and net NPA leve
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The following table sets forth the
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Credit RatingAgencyCAREInstruments
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TechnologyWe use information techno
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act as, and to undertake and carry
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Company equal to or more than 7% of
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(c) Term and termination: Either pa
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Pursuant to the Agreement, the Inve
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• more than 50% of the fully dilu
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OUR MANAGEMENTBoard of DirectorsThe
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Name, Designation,Age and DINNation
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commercial banks. He was the chairm
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Remuneration of the DirectorsThe in
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A. Audit CommitteeThe members of th
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To form Sub CommitteesD. Asset liab
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OUR PROMOTERProfile of our Promoter
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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
Page 171 and 172: Annexure VIShriram City Union Finan
Page 173 and 174: Annexure VIIShriram City Union Fina
Page 175 and 176: Annexure VIIIShriram City Union Fin
Page 177 and 178: Annexure IXShriram City Union Finan
Page 179 and 180: Annexure IXC. Cash Credit from Bank
Page 181 and 182: Annexure XShriram City Union Financ
Page 183 and 184: Annexure - XIIShriram City Union Fi
Page 185 and 186: c. Fixed Assets, Depreciation / Amo
Page 187: g. Revenue recognitioni. Income fro
Page 191 and 192: 2010 - 20112. Notes to Accounts1. P
Page 193 and 194: c) Term Loans:i. From Financial Ins
Page 195 and 196: Changes in the present value of the
Page 197 and 198: Enterprises havingsignificant influ
Page 199 and 200: Deferred Tax AssetTiming difference
Page 201 and 202: Stock Options grantedThe weighted a
Page 203 and 204: 12. SecuritizationThe information o
Page 205 and 206: c) All Debentures under (a) and (b)
Page 207 and 208: Balance sheetDetails of Provision f
Page 209 and 210: (Rs. In Lacs)Enterprises havingsign
Page 211 and 212: 5. Deferred Tax Liabilities/(Asset)
Page 213 and 214: The details of Series I have been s
Page 215 and 216: Since the enterprise used the intri
Page 217 and 218: 13.1 Licensed Capacity, Installed c
Page 219 and 220: ) Term Loans:As at March 31,2009(Rs
Page 221 and 222: Profit and Loss accountNet employee
Page 223 and 224: The estimates of future salary incr
Page 225 and 226: 7. Related Party DisclosuresRelated
Page 227 and 228: * Denotes transactions with Shriram
Page 229 and 230: (Rs. in lacs)As at March 31, As at
Page 231 and 232: Stock Options grantedSeries I:The w
Page 233 and 234: 15. SecuritisationThe Company sells
Page 235 and 236: 2007 - 20082. Notes to Accounts1. P
Page 237 and 238: 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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