Statement of Assets and Liabilities for last Five Years and Latest ...

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-------- --------- -------- ------------------------·-- ----r-·---------------. · . . ·. :.._Rj(§ . Ratings·jJ·! -------~--------money from the market to part finance the: lan outlay of Iridian: RailWays (IR). ·Theresources thus raised are used fot part-fundin creation pf rolling stock: ~ssets ·(through·lease financing) for IR and meeting other de elopmental needs of n~ _and other MoRentities, like Rail Vikas Nigam Ltd, Railtel etc, as per the directiv~ 0f MoR~During FY12 (April 2011- March 2012), totincome witnessed ,a growth of20:6% toRs4,643 crore. IRFC booked PAT of Rs.481 crore in FY12 as again!ltRs.4~5 crore inFYll.,.::;~vAnalyst ContactName: Jyotsna GadgilTel: 01'1-23716199Mobile: 9811552926Email: jyotsna.gadgil@careratings.com·. '-CARE has c/assljl(u:l instruments rated b)' it on the b Is of complfxity. fhls c~ass!/!c~tlon ls fw~ilab/e ,qtwww.careratfngs.com. lnyestors!market lntormudlar; slregulators of' .othe~:s.:are: welcome to _wi'ite tocare@careralings.comfor any clarifiaations. ·_ Dls~lainer, , . , ·:· ),, ...... ~ ... _ .CARn'G ratings a!'& opinions ori CNdlt qualily and aN ot rccn .the website of SEBI at e . ~~~- WeB a~ C)II.tfle~ ~ebslt,~s of,the. BookRunning Lend Managers at \ w in e t nentba . kota c . wMy.dspm!,qOrio, .. ww\y.edelcap.com,ww\v. icicisecurities.com, www.jdblcapjtill£2m, a d mvw.sbicaps.com, lny~~~~T$. · sbQtlJU not¢ • thatinvestment in equity shares involves n high degree of risk and for.details rel~tiniiti> 't~q same; sec thesection titled "Risk Factors" of the DRHP." · j , · ·"This press release is not for publication or distribllt 'on to persons in the Unl~ed ~tat\)s, a~ct is, ~~tan offerfor sale within the United States of any equity shares or ariy other seyurity ofCredi.t Analysis linifResearchLimited. Securities of Credit Analysis and Resear h Limited,. including its equity shar~s; nlay not beoffered or sold In the United States ~bsent registra on t~nder l].S. securltie.s laws .b~ UJ1le#: ex¢rp~t ;fromf(~glstration under such laws.'' . ' , _: -! i _ ·· ·.. · :. ' ·1','i.··.,--1 1 irI1I,IT:Octoper~, 4012I ' , ' ~· 1 ·, • ; •;:I
Credit Rating Report 1Indian Railway Finance Corporation Li~ramme@·®f&t-al-short-term-bank-borrowings-and-borroyvingmd-ertl1e-rate-d-·shorE-term debt programme not toexceed Rs.35 billion at any point in time.()Rating Drivers:Strengthso Strategic importance to, and attendant support from, Government of India (Gol)because of its status as the financing arm of Indian Railways (IR)• Strong capitalisation and asset qualityo Adequate resource profileWeakness• Average earnings profileRating sensitivity factor• Ownership by, strategic importance to, and supporl received from, GolOutlook: StableCRISIL believes Umt Indian Railway Finance Cotporation Ltd (IRFC) will continue toderive business and finru1cial support from the Government of India (Gol) because of itsstrategic role in channelling. finance to IR. Support from Go I ensures that IRFC willmaintain its sh·ong credit risk profile. The outlook may be revised to 'Negative' if thereis any reduction in its strategic importance to, or if there is any significru1t decline in( _I suppol't from, Gol.RationaleIRFC was incorporated in 1986 as a public financial institution under the CompaniesAct, 1956, and was granted infrastructure financing non-banking financial company(NBFG·IFC) status in 2010-11 (refers to financial year, Apr:ill to March 31). It is whollyowned by Gol through the Minisb.·y of Railways (MoR). IRFC was set up with thespecific objective of borrowing funds from the capital market to provide rolling stock toIR. IRFC leases rolling stock to IR, which reimburses the company through lease rentals,paid on a half-yearly basis in advance.For 2011-12, IRFC's total income (net of intetest expense) was Rs.10.3 billion and netprofit was Rs.4.8 billion, against total income (net of interest expense) of Rs.9.0 billionand net profit of Rs.4.9 billion for 2010-11.
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Statement of Assets and Liabilities
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CASH FLOW STATEMENTAnnexure - III(
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2. Reserves and Surplus( in Lakhs)P
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3.1.1 Maturity profile and Rate of
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65th "J" Taxable Non‐Cum. Bonds 8
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starting from 27‐07‐201416th "O
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HDFC Bank Ltd. 8.44%, Fixed 1‐Apr
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Syndicated Foreign Currency Loan‐
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As at30‐09‐2012As at31‐03‐2
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Total FixedAssets 1,721.57 1,707.80
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Balance in Franking Machine 0.34 0.
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18. Other IncomeTotal 268780.41 464
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Office Maintenance Expenses 20.25 3
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Significant Accounting policies and
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y the Reserve Bank of India vide th
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(f) (i) Interest rate variation on
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1 JPY 3 Billion 37.04 Million 1 JPY
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11.a. The Company has not taken on
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Gross Investment in Lease and Prese
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the year plan assetsTotal Gain / (L
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*The above provisions are liabiliti
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A. Significant Accounting PoliciesF
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Further, in terms of Draft Guidelin
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(P.Y. Rs. 4590 Lakhs). After adjust
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No. ofContractsAs at 31-03-2012 As
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10. Expenditure in Foreign Currency
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E. Less Capital Recovery provided u
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Changes in the Fair Value of Plan A
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Actuarial Assumptions:AssumptionsGr
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amortised over the balance tenor of
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) Recognition at the end of Account
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Deferred tax expense or benefit is
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Finance has exempted the Lease Agre
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The foreign currency borrowings out
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10. Expenditure in Foreign Currency
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15. Major components of net deferre
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Current Service Cost 3.05 1.63 1.02
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Actuarial Assumptions:As on 31-03-2
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portion of the future savings in th
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) Recognition at the end of Account
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10) Employee BenefitsEmployee Benef
Page 83 and 84: 5. Decrease in liability due to exc
Page 85 and 86: 7. Office Building including parkin
Page 87 and 88: 12. The balances under some items o
Page 89 and 90: Unearned Finance Income 2009322 171
Page 91 and 92: the yearActualReturn onplan assets1
Page 93 and 94: Statementof Profit &LossActuarial A
Page 95 and 96: amortised over the balance tenor of
Page 97 and 98: ) Recognition at the end of Account
Page 99 and 100: 10) Employee BenefitsEmployee Benef
Page 101 and 102: amortisation in future, of the amou
Page 103 and 104: As part of hedging strategy, the Co
Page 105 and 106: Since the entire future lease renta
Page 107 and 108: assets assigned during the yearF. C
Page 109 and 110: Benefits Paid - -Fair Value of Plan
Page 111 and 112: value Rs. 1,000/- eachc) Earning Pe
Page 113 and 114: Financial Year 2007-08A. Significan
Page 115 and 116: and are capable of reversal in one
Page 117 and 118: ForeignCurrency1 JPY 2.65 Billion U
Page 119 and 120: Govt. may from time to time specify
Page 121 and 122: previous Financial YearB. Less valu
Page 123 and 124: 22. Payment to auditors include Rs.
Page 125 and 126: Annexure - VIIStatement of Dividend
Page 127 and 128: Annexure - IXRelated Party Transact
Page 129 and 130: Annexure - XICapitalisation Stateme
Page 131 and 132: ------ ----~---------~-- ---~------
Page 133: '-. ,,, I__ , __ , _____ ~-~---..
Page 137 and 138: Given IRFC's modest accruals to net
Page 139 and 140: Credit Strengths.. Strong ownership
Page 141 and 142: CREDIT PERSPECTIVEDependence on MOR
Page 143 and 144: Asset quality profile favourableGiv
Page 145 and 146: ANNEXURE 1: RATING DETAILSInstrumen
Page 147 and 148: ICRA Credit PerspectiveIndian Railw
Page 149 and 150: ·PROFIT: & .LOSS ACCOUNT_t'lo of O
Page 151 and 152: This is a system generated report a
Page 155 and 156: Sub : Trade statistics of IRFC N1 f
Page 161 and 162: Sub : Trade statistics of IRFC N2 f
Page 163 and 164: SCRIP CODE TRADE DATE ABBREVIATEDNA
Page 171 and 172: Ref. No. :NSE/LIST/2012Date :Decemb
Page 173 and 174: Sub : Trade Statistics Report from
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Sub : Trade Statistics Report from
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ANNXEUREIVCONSENT OF DEBENTURE TRUS
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