Shriram City Union Finance Limited - Karvy

2. FiFixed DepositsIn accordance with the Reserve Bank of India circular no.RBI/2006-07/ 225 DNBS (PD) C.C No.87/03.02.004/2006-07 dated January 4, 2007, the Company has created a floating charge on the statutory liquidassets comprising of investment in Government Securities to the extent of Rs101.45 lacs in favour of trusteesrepresenting the public deposit holders of the Company.3. Subordinated DebtThe Company has raised during the year subordinated debt bonds amounting toRs.13,813.75 lacs (March 31, 2008: Rs. 8,170.49 lacs) with coupon rate of 11.5% to 13% per annum whichare redeemable over a period of 62 months to 73 months.4. Cash & Cash Equivalents(Rs. in lacs)Particulars Year ended March 31, Year ended March 31,20092008Cash & Bank balance (as per schedule 8 ) 1,60,803.74 87,605.23Less : Fixed deposits having original maturitygreater than 3 months or pledged with banks or lien markeddeposits10,813.87 4,958.17Balance considered as cash & cash equivalents forflow statementcash1,49,989.87 82,647.065. Gratuity and other post-employment benefit plans:The Company has an unfunded defined benefit gratuity plan. Every employee who has completed fiveyears or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for eachcompleted year of service.Consequent to the adoption of revised AS 15 ‘Employee Benefits’ issued by the ICAI, the followingdisclosures have been made as required by the standard:F-80