Shriram City Union Finance Limited - Karvy

10. SecuritizationThe information on securitization & direct assignment activity of the Company as an originator for the year March31, 2010 and March 31, 2009 is given below:Year ended March31, 2010(Rs. In Lacs)Year ended March31, 2009Total number of assets securitized 1,46,402 3,14,685Total book value of assets securitized (Rs. in lacs) 30,000.00 88,844.37Sale consideration received for the securitized assets (Rs. inlacs)30,000.00 91,874.15Net gain on account of securitization (Rs. in lacs) 2,554.73 13,182.64Outstanding credit enhancement- Deposit withbanks/corporate7,373.57 10,017.54Outstanding Credit enhancement – Assets under financing 2,735.13 1,762.0311. Derivative Instruments:The Notional principal amount of derivative transactions outstanding as on March 31, 2010 for interestrate swaps Rs.12,500 lacs (March 31, 2009 – 12,500 lacs).12. Supplementary Statutory Information12.1 Managing Director’s RemunerationThe computation of profits under section 349 of the Act has not been given as no remuneration /commission is payable to the Managing Director.(Rs .in lacs)12.2 Expenditure in foreign currency (On cash basis)Year ended March31, 2010Year ended March 31,2009Subscription Fees 0.08 0.0813. Additional information pursuant to the provisions of paragraphs 3, 4C and 4D of Part II of scheduleVI to the ActF-76