Shriram City Union Finance Limited - Karvy

12. SecuritizationThe information on securitization & direct assignment activity of the Company as an originator for the year March31 2011 and March 31 2010 is given below:Year ended March31 2011Year ended March 312010Total number of assets securitized 178502 146402Total book value of assets securitized (Rs. in lacs) 117915.72 30000.00Sale consideration received for the securitised assets (Rs. inlacs)126737.01 30000.00Net gain on account of securitization (Rs. in lacs) 27163.76 2554.73Outstanding credit enhancement- Deposit withbanks/corporate15436.40 7373.57Outstanding Credit enhancement – Assets under financing 1900.63 2735.1313. Derivative Instruments:The Notional principal amount of derivative transactions outstanding as on March 31 2011 for interest rateswaps Rs.12500 lacs (March 31 2010 – 12500 lacs).14. Supplementary Statutory Information14.1 Managing Director’s RemunerationThe computation of profits under section 349 of the Act has not been given as no remuneration / commissionis payable to the Managing Director.(Rs.in lacs)14.2 Expenditure in foreign currency (On cash basis)Year ended March31 2011Year ended March 312010Subscription Fees 0.09 0.0815. Additional information pursuant to the provisions of paragraphs 3 4C and 4D of Part II of schedule VIto the ActThe Company does not have licensed capacity as it is a Non Banking Finance Company.16. Previous Year ComparativesThe figures for the previous year have been regrouped and reclassified, wherever necessary to conform to currentyear’s classification.F-63