UBHL annual report - United Spirits Limited

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Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)e. Details of shareholders holding more than 5% shares in the companyNo. ofShares2012 2011% ofHoldingNo. ofShares% ofHoldingUnited Breweries (Holdings) Limited 23,577,293 18.03% 23,881,821 18.26%Kingfisher Finvest India Limited(formerly "Kingfisher Radio Limited ") 12,676,342 9.69% 12,676,342 9.69%HSBC Global Investment Funds 9,852,229 7.53% 8,270,000 6.32%The above represents both legal and beneficial ownership of shares.3. Reserves and SurplusRs. Million2012 2011Capital Redemption Reserve 578.946 578.946Securities Premium Account 25,176.823 25,176.823Capital Reserve on Consolidation 76.791 76.791Other Reserves:Central Subsidy*At the beginning of the year 7.500 7.500Add: Addition during the year 52.146 -59.646 7.500Contingency Reserve* 110.000 110.000Employee Housing Fund 0.625 0.625Foreign Currency Translation ReserveAt the beginning of the year (1,715.734) (719.601)Add: Addition during the year 3,280.170 (996.133)1,564.436 (1,715.734)General ReserveAt the beginning of the year 9,410.308 9,235.711Add: Addition during the year(a) Reserve arising on amalgamation - (325.404)(b) Transferred from Profit and Loss account 500.000 500.0009,910.308 9,410.308Surplus as per Profit and Loss accountAt the beginning of the year 6,882.221 2,061.867Add: Profit transferred on amalgamation - 4.030Add: Profit for the year 1,879.217 5,695.2098,761.438 7,761.105Less: Appropriations:Proposed Dividend on Equity Shares 326.987 324.574Corporate Tax on Proposed Dividend 53.046 54.310Transfer to General Reserve 500.000 500.0007,881.405 6,882.22145,358.981 40,527.480* Taken over on amalgamation/acquisition.81
Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 20114.1. Long-term BorrowingsSecuredTerm Loans:From banks 49,806.553 43,747.785From others 952.430 -Finance Lease 25.208 8.416UnsecuredFixed Deposits 6,282.218 5,358.220Long term loan from banks 2,880.856 1,520.000Term Liability towards Franchisee rights (Refer Note 21) 2,803.803 3,296.182Deferred Sales Tax Liability (Refer note d below) 271.371 -From Others 66.857 63.064Inter Corporate Deposit 75.592 75.59263,164.888 54,069.258Less: Current MaturitiesSecuredTerm Loans:From banks 4,436.252 26,620.409From others 2.430 -Finance Lease 11.382 5.303UnsecuredFixed Deposits 3,568.044 2,338.839Long term loan from banks 694.170 -Term Liability towards Franchisee rights 492.379 492.37953,960.231 24,612.329a. Nature of security and terms of repayment for secured borrowings:Nature of Security(i) Term loans from banks amounting to Rs 111.6Million (2011: Rs 224.4 Million) are secured by a chargeon certain fixed assets of the Company.(ii) Term loans from banks amounting to Nil (2011: Rs687.477 Million) are secured by a charge on certainfixed assets of the Company including Land andBuilding and also by pledge of certain investmentsheld by other company.(iii) Term loans from banks amounting to Nil (2011: Rs142.601 Million) are secured by a charge on certainfixed assets of the Company including Land andBuilding.(iv) Term loans from banks amounting to Rs 2,258.5Million (2011: Rs 2,109.5 Million) are secured byhypothecation of maturing stock held in overseasbranch and charge on certain fixed assets includingLand and Building and pledge of certain investmentsheld by other companies.Terms of RepaymentRepayable in 16 equal quarterly installments fromthe date of loan (March 6,2008) alongwith interest of13.5%.Repayable in 16 equal quarterly installments fromthe date of loan (April 29, 2006) alongwith interestof 13%.Repayable in 12 equal quarterly installments fromthe date of loan (October 31, 2008) alongwith interestof 13%.Repayable in 3 equal annual installments commencingfrom March 31, 2012 alongwith interest of15.5%.82
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The TeamAshok CapoorPresident & MDP
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Report of the DirectorsYour Directo
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Report of the Directors (Contd.)Cou
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Report of the Directors (Contd.)ANN
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Report of the Directors (Contd.)SL.
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Corporate Governance Report (Contd.
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CERTIFICATE ON CORPORATE GOVERNANCE
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Annexure to Report of the Directors
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Annexure to the Auditors' ReportAnn
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Appendix 1* to the Auditor's Report
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Statement of Profit and Loss for th
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UBHL annual report - United Spirits Limited

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