Consolidated Balance Sheet as at 31st March, 2009(Rupees in Lakh)Schedule 2009 2008SOURCES OF FUNDSShareholders' FundsShare Capital 1 11,629 11,629Equity Warrants Issued and Subscribed 1,780 1,780Reserves and Surplus 2 101,529 114,938 58,875 72,284Minority Interest 2,211 762Loan FundsSecured 3 375,155 418,800Unsecured 4 53,074 135,650428,229 554,450Deferred Tax Liability 2,743 1,140Total 548,121 628,636APPLICATION OF FUNDSFixed AssetsGross Block 5 35,610 53,024Less: Depreciation 4,223 9,651Net Block 31,387 43,373Goodwill 622 57Deferred Tax Assets 22 61Investments 6 44,382 32,189Current Assets, Loans and AdvancesInventories 2,401 2,287Sundry Debtors 7 6,759 1,204Cash & Bank Balances 8 48,308 27,931Financial & Other Current Assets 9 297,215 443,607Loans & Advances 10 136,771 105,121491,454 580,150Less: Current Liabilities and ProvisionsLiabilities 11 13,278 20,853Provisions 12 6,728 6,90820,006 27,761Net Current Assets 471,448 552,389Miscellaneous Expenditure 13 260 567(To the extent not written off or adjusted)Total 548,121 628,636Significant accounting policies and noteson financial statements 19The Schedules referred to above form an integral part of the Balance Sheet.This is the Balance Sheet referred to in our report of even date.For Deloitte Haskins & SellsChartered AccountantsOn behalf of the Board of DirectorsAbhijit Bandyopadhyay Hemant Kanoria Salil K. Gupta Sandeep LakhotiaPartner Chairman & Managing Director Chief Mentor & Director Company SecretaryPlace : KolkataDate : 12th June, 0910 Lakh is equal to 1 Million142
Annual Report 2008-09Consolidated Profit and Loss Account for the year ended 31 March, 2009(Rupees in Lakh)Schedule 2009 2008INCOMEIncome from Operations 14 84,246 73,284Other Income 15 907 6,789Total 85,153 80,073EXPENDITUREStaff Expenses 16 5,383 4,504Administrative & Other Expenses 17 10,665 6,604<strong>Finance</strong> Charges 18 52,221 45,840Depreciation 3,658 4,901Miscellaneous Expenditure written off 44 83Total 71,971 61,932PROFIT BEFORE BAD DEBTS AND PROVISIONS 13,182 18,141Bad Debts / Advances written off 87 693Stock for Trade written off - 347Provisions as per the norms of Reserve Bank of India &Foreign Financial Institutions 2,513 1,736Provision for Premium on Unsecured Subordinated Bonds 88 882,688 2,864PROFIT BEFORE TAX 10,494 15,277Provision for Tax:- Current Tax 701 807- MAT Credit Entitlement (711) (162)- Deferred Tax 2,199 1,140- Fringe Benefits Tax 46 15- Income Tax in respect of earlier years 2 4PROFIT AFTER TAX BEFORE SHARE OF RESULTS OF ASSOCIATEAND MINORITY INTERESTS 8,257 13,473Share of loss of Associates - (232)PROFIT AFTER TAX BEFORE MINORITY INTERESTS 8,257 13,241Minority Interest 49 47Net Profit 8,208 13,194Pre Acquisition Profit / (Loss) - 52Minority Interest of Pre Acquisition (Profit) / Loss (4) 27PROFIT AFTER TAX AFTER ADJUSTMENT OF MINORITY INTERESTS 8,204 13,273Surplus brought forward from previous year 13,353 6,251PROFIT AVAILABLE FOR APPROPRIATION 21,557 19,524APPROPRIATIONSSpecial Reserve (As per Reserve Bank of India Guidelines) 1,647 2,682Debt Redemption Reserve (Net) 2,629 1,556General Reserve 3 300Proposed Dividend 1,163 1,396Corporate Dividend Tax on Proposed Dividend 198 237Adjustment due to conversion of Subsidiary into Joint Venture 142 -Surplus carried to Balance Sheet 15,775 13,353Total 21,557 19,524Earnings Per Equity Share (Basic) Rs. 7.07 12.18Earnings Per Equity Share (Diluted) Rs. 7.07 12.18(Face Value Rs. 10/- per Share)Significant accounting policies and notes on financial statements 19The Schedules referred to above form an integral part of the Profit and Loss Account.This is the Profit and Loss Account referred to in our report of even date.For Deloitte Haskins & SellsChartered AccountantsOn behalf of the Board of DirectorsAbhijit Bandyopadhyay Hemant Kanoria Salil K. Gupta Sandeep LakhotiaPartner Chairman & Managing Director Chief Mentor & Director Company SecretaryPlace : KolkataDate : 12th June, 0910 Lakh is equal to 1 Million143
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Promoters’ stake30.02%Foreign hol
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VISIONTo be the most inspiring glob
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CHAIRMAN & MANAGINGDIRECTOR’S MES
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Srei’s consolidated total income
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As you are aware, the JointVenture
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INFRASTRUCTURE OPPORTUNITY“We pro
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To be part of the Indian infrastruc
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PROJECT FINANCING“The Eleventh Pl
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VALUE INTANGIBLES“We are leveragi
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INFRASTRUCTURE DEVELOPMENT“As inf
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EQUIPMENT FINANCING“We are increa
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EQUIPMENT FINANCINGMinimising NPAs
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EQUIPMENT FINANCINGManufacturer Par
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RURAL INFRASTRUCTURE“We are creat
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FINANCIAL ALLIES“We strengthened
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32THE SREI STAKEHOLDERS
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ENTREPRENEURIAL MINDSET“Combinati
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VALUE INNOVATION“At Srei, innovat
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Group StructureSrei Infrastructure
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IIS International Infrastructure Se
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INFRASTRUCTURE REPORTThe Eleventh F
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POWERIndia is the world’s sixth l
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PORTSIndia has 12 major and 187 min
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RAILWAYSAsia’s largest and the wo
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TELECOMIndia, among the world’s f
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AN ANALYSIS OF OURFINANCIAL STATEME
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Reserves and surplus:Consolidated r
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MAPPING RISKSMANAGING UNCERTAINTIES
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PromoterriskSrei is competently pla
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DIRECTORS' PROFILESitting from L -
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DIRECTORS’ REPORTYour Directors a
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The Promoters’ Group ofyour Compa
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illion, which indicates that Indiac
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The three main businessareas of you
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due to crash in the global stock ma
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BNP Paribas LeaseGroup has invested
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Infrastructure, etc.The focus of th
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Your Company has nowbeen awarded th
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infrastructure institution paired w
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As of 31st March, 2009,your Company
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Advisors Limited, a subsidiary of y
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these Directors have filed Form DDA
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Particulars of EmployeesInformation
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REPORT ONCORPORATE GOVERNANCECorpor
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Mr. Hemant Kanoria, Mr. P. K. Pande
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