Shriram City Union Finance Limited - Karvy

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Stock Options grantedThe weighted average fair value of stock options granted was Rs.227.42. The Black Scholes model has been used forcomputing the weighted average fair value of options considering the following inputs:Yr 1 Yr 2 Yr 3 Yr 4Exercise Price (Rs.) 35.00 35.00 35.00 35.00Expected Volatility (%) 55.36 55.36 55.36 55.36Historical Volatility NA NA NA NALife of the options granted (Vesting andexercise period) in years1.50 2.50 3.50 4.50Expected dividends per annum (Rs.) 3.00 3.00 3.00 3.00Average risk-free interest rate (%) 7.70 7.67 7.66 7.67Expected dividend rate (%) 0.84 0.84 0.84 0.84The expected volatility was determined based on historical volatility data equal to the NSE volatility rate of BankNifty which is considered as a comparable peer group of the Company. To allow for the effects of early exercise itwas assumed that the employees will exercise the options within six months from the date of vesting in view of theexercise price being significantly lower than the market price.Effect of the employee share-based payment plans on the profit and loss account and on its financial position:(Rs. in lacs)As at March 31, 2011Compensation cost pertaining to equity-settled employee share-based payment planincluded above471.68Liability for employee stock options outstanding as at year end 2079.09Deferred compensation cost 191.82Since the enterprise used the intrinsic value method the impact on the reported net profit and earningsper share by applying the fair value based method is as follows:F-170
In March 2005 the ICAI has issued a guidance note on “Accounting for Employees Share Based Payments”applicable to employee based share plan the grant date in respect of which falls on or after April 1, 2005. The saidguidance note requires that the pro-forma disclosures of the impact of the fair value method of accounting ofemployee stock compensation accounting in the financial statements. Applying the fair value based method definedin the said guidance note the impact on the reported net profit and earnings per share would be as follows:(Rs. in lacs)Year ended March 31, 2011Profit as reported (Rs. in lacs) 24058.85Add: Employee stock compensation under intrinsic value method (Rs.in lacs)Less: Employee stock compensation under fair value method (Rs. inlacs)471.68473.70Proforma profit (Rs. in lacs) 24056.83Less Preference Dividend -Proforma Net Profit for Equity Shareholders 24056.83Earnings per shareBasic (Rs.)- As reported 48.78- Proforma 48.77Diluted (Rs.)- As reported 47.97- Proforma 47.9613. SecuritisationThe information on securitisation & direct assignment activity of the Company as an originator for the yearF-171
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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
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Particulars FY 2008 FY 2009 FY 2010
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Sr.No.Name of Shareholder Address N
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PIJUSH GUPTA & COC H A R T E R E D
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8. This report should not be in any
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Annexure IShriram City Union Financ
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Annexure IIShriram City Union Finan
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Shriram City Union Finance LimitedA
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Annexure IIIShriram City Union Fina
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Annexure IVShriram City Union Finan
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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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Page 265 and 266: Other consolidated Financial Inform
Page 267 and 268: Annexure IIShriram City Union Finan
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Page 271 and 272: Annexure IVShriram City Union Finan
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Page 297 and 298: (E)InvestmentsInvestments intended
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Page 309: The details of Stock Option plan ar
Page 313 and 314: As per our report of even dateFor P
Page 315 and 316: Sr.No.Particulars16. Industrial Dev
Page 317 and 318: Sr.No.Particulars Date of sanction
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Page 321 and 322: SECTION VI : ISSUE RELATED INFORMAT
Page 323 and 324: person, being a nominee, becoming e
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Page 327 and 328: e paid on the next working day. Pay
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Page 333 and 334: other NCDs in their place. The afor
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Page 343 and 344: B. Additional ApplicationsAn applic
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Page 353 and 354: OTHER REGULATORY AND STATUTORY DISC
Page 355 and 356: ActivityFees payable legal advisors
Page 357 and 358: (Source: www.bseindia.com)NSEMonth
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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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Shriram City Union Finance Limited - Karvy

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