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

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UnusedAmountreversedduring theyearClosingBalance0.00 0.00 0.00 0.00 0.00 -11.99 0.00 0.00 0.00 50.0065.35 1.12 2.81 300.00 51538.9 31.00 -6.11 2.08 0.00 31442.46*The above provisions are liabilities in accordance with terms of employment. Paymentof Incentives / Performance Related Pay (PRP) shall be made as and when they becamedue. Provision for LTC is in accordance with the Accounting Standard 15 (Revised).Further, provision for Income Tax is in terms of Income Tax Act, 1961 and shall beadjusted after completion of assessment.18. The Company is in the business of leasing and financing. As such, there are no separatereportable business segments within the meaning of Accounting Standard (AS)-17on ‘Segment Reporting’ issued by the Institute of Chartered Accountants of India.19. In line with requirements of Accounting Standard (AS) -18 ‘Related Party Disclosures’issued by the Institute of Chartered Accountants of India (ICAI), the details are asunder:Key Management personnel:a) Sh. R. Kashyap, Managing Director (upto 31 st August, 2011)b) Sh. Rajiv Datt, Managing Director (w.e.f. 15 th November, 2011)c) Sh. D.C. Arya, Director Finance (w.e.f. 31 st December, 2011)Amount paid to Key Management Personnel:(Rs. in Lakhs)Particulars 2011-12 2010-11Salary / Allowances 16.77 15.07Reimbursement 0.16 0.17Foreign Service Contribution 0.90 3.21Incentive 11.68 21.5820. (a) During the year 2003-04, the company restructured the rate of interest on certainoutstanding borrowings from LIC and paid Rs.2403 Lakhs as advance, representing aportion of the future savings in the interest cost. This advance amount is beingamortised over the balance tenor of the borrowings. During the year, a sum of Rs. 66Lakhs (P.Y. Rs. 104 Lakhs) has been amortised, leaving a balance of Rs. 43 Lakhs as on31-03-2012 (P.Y. Rs. 109 Lakhs).(b) During the year 2004-05, the company restructured the rate of interest on certainoutstanding borrowings from IDBI Ltd. and paid Rs.1378 Lakhs as advance, representinga portion of the future savings in the interest cost. This advance amount is being
amortised over the balance tenor of the borrowings. During the year, a sum of Rs.35Lakhs (P.Y. Rs.47 Lakhs) has been amortised, leaving a balance of Rs.48 Lakhs as on31-03-2012 (P.Y. Rs.83 Lakhs).21. Interest on Deposits (Note No.19) includes Tax Deducted at Source amounting to Rs. 69Lakhs (P.Y. NIL). Ministry of Railways has also deducted tax at source amounting toRs.14824 Lakhs (P.Y. Rs. 12676 Lakhs).22. Certain disclosures are required to be made under the Micro, Small and MediumEnterprises Development Act, 2006. The Company is in the process or compilingrelevant information from its suppliers about their coverage under the Act. As theCompany has not received the relevant information under the Act till finalisation ofaccounts, no disclosure has been made in the account.23. The Company has a system of physical verification of assets given on lease. The physicalverification is carried out on a sample basis, as 100% physical verification of rollingassets is neither logistically possible nor considered necessary. In addition, Ministry ofRailways (Lessee) provides a certificate each year that the leased assets are maintainedin good working condition as per laid down norms, procedures and standards. In theopinion of the management, the aforesaid system is satisfactory considering the factthat the assets are maintained and operated by the Central Government.24. (a) The financial Statements for the year ended 31 st March 2011 were prepared as perthe then applicable Schedule VI to the Companies Act, 1956. Consequent to thenotification of Revised Schedule VI under the Companies Act, 1956, the financialstatements for the year ended 31 st March, 2012 are prepared as per the RevisedSchedule VI. Accordingly, the previous year figures have been reclassified / regrouped /rearranged wherever necessary to conform to this year’s classification. The adoption ofrevised Schedule VI for previous year figures does not impact recognition andmeasurement principles followed for preparation of financial statements.(b) Unless otherwise stated, the figures are Rupees in Lakhs.
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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
Page 7 and 8: 3.1.1 Maturity profile and Rate of
Page 9 and 10: 65th "J" Taxable Non‐Cum. Bonds 8
Page 11 and 12: starting from 27‐07‐201416th "O
Page 13 and 14: HDFC Bank Ltd. 8.44%, Fixed 1‐Apr
Page 15 and 16: Syndicated Foreign Currency Loan‐
Page 17 and 18: As at30‐09‐2012As at31‐03‐2
Page 19 and 20: Total FixedAssets 1,721.57 1,707.80
Page 21 and 22: Balance in Franking Machine 0.34 0.
Page 23 and 24: 18. Other IncomeTotal 268780.41 464
Page 25 and 26: Office Maintenance Expenses 20.25 3
Page 27 and 28: Significant Accounting policies and
Page 29 and 30: y the Reserve Bank of India vide th
Page 31 and 32: (f) (i) Interest rate variation on
Page 33 and 34: 1 JPY 3 Billion 37.04 Million 1 JPY
Page 35 and 36: 11.a. The Company has not taken on
Page 37 and 38: Gross Investment in Lease and Prese
Page 39 and 40: the year plan assetsTotal Gain / (L
Page 41 and 42: *The above provisions are liabiliti
Page 43 and 44: A. Significant Accounting PoliciesF
Page 45 and 46: Further, in terms of Draft Guidelin
Page 47 and 48: (P.Y. Rs. 4590 Lakhs). After adjust
Page 49 and 50: No. ofContractsAs at 31-03-2012 As
Page 51 and 52: 10. Expenditure in Foreign Currency
Page 53 and 54: E. Less Capital Recovery provided u
Page 55 and 56: Changes in the Fair Value of Plan A
Page 57: Actuarial Assumptions:AssumptionsGr
Page 61 and 62: ) Recognition at the end of Account
Page 63 and 64: Deferred tax expense or benefit is
Page 65 and 66: Finance has exempted the Lease Agre
Page 67 and 68: The foreign currency borrowings out
Page 69 and 70: 10. Expenditure in Foreign Currency
Page 71 and 72: 15. Major components of net deferre
Page 73 and 74: Current Service Cost 3.05 1.63 1.02
Page 75 and 76: Actuarial Assumptions:As on 31-03-2
Page 77 and 78: portion of the future savings in th
Page 81 and 82: 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 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
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Benefits Paid - -Fair Value of Plan
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value Rs. 1,000/- eachc) Earning Pe
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Financial Year 2007-08A. Significan
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and are capable of reversal in one
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ForeignCurrency1 JPY 2.65 Billion U
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Govt. may from time to time specify
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previous Financial YearB. Less valu
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22. Payment to auditors include Rs.
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Annexure - VIIStatement of Dividend
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Annexure - IXRelated Party Transact
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Annexure - XICapitalisation Stateme
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'-. ,,, I__ , __ , _____ ~-~---..
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Credit Rating Report 1Indian Railwa
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Given IRFC's modest accruals to net
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Credit Strengths.. Strong ownership
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CREDIT PERSPECTIVEDependence on MOR
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Asset quality profile favourableGiv
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ANNEXURE 1: RATING DETAILSInstrumen
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ICRA Credit PerspectiveIndian Railw
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·PROFIT: & .LOSS ACCOUNT_t'lo of O
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This is a system generated report a
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Sub : Trade statistics of IRFC N1 f
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Sub : Trade statistics of IRFC N2 f
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SCRIP CODE TRADE DATE ABBREVIATEDNA
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Ref. No. :NSE/LIST/2012Date :Decemb
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Sub : Trade Statistics Report from
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ANNXEUREIVCONSENT OF DEBENTURE TRUS
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