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direCtors! report
12
report on Corporate go"ernanCe
20
CertifiCate on Corporate go"ernanCe
3#
$usiness responsi$ility report
40
finanCial seCtions
55
For%ard Loo&ing
STaTemenTS
'n this (nnual )eport* %e ha"e dis+losed for%ard loo&ing information to ena,le in"estors to +omprehend our prospe+ts and ta&e in-
formed in"estment de+isions- This report and other statements . %ritten and oral . that %e periodi+ally ma&e* +ontain for%ard
loo&ing statements that set out anti+ipated results ,ased on the management!s plans and assumptions- /e ha"e tried %here"er
possi,le to identify su+h statements ,y using %ords su+h as 0anti+ipate!* 0estimate!* 0e1pe+ts!* 0pro2e+ts!* 0intends!* 0plans!* 0,elie"es!*
and %ords of similar su,stan+e in +onne+tion %ith any dis+ussion of future performan+e-
/e +annot guarantee that these for%ard loo&ing statements %ill ,e realised* although %e ,elie"e %e ha"e ,een prudent in assump-
tions- The a+hie"ement of results is su,2e+t to ris&s* un+ertainties and e"en ina++urate assumptions- Should &no%n or un&no%n ris&s
or un+ertainties materialise or should underlying assumptions pro"e ina++urate* a+tual results +ould "ary materially from those anti+i-
pated* estimated or pro2e+ted- )eaders should ,ear this in mind-
/e underta&e no o,ligation to pu,li+ly update any for%ard loo&ing statements* %hether as a result of ne% information* future e"ents
or other%ise-
(nnual )eport 2013-14
C3)43)(T5
'6F3)7(T'36
Corporate Identification No. (CIN) L65191TN1979PLC007874
$3()8 3F 8')5CT3)S
Chairman 96on . 51e+uti"e:
(run 8uggal
Managing Director
;mesh )e"an&ar
Directors
7aya Shan&er <erma 9'ndependent:
Sumatiprasad 7- $afna 9'ndependent:
S- La&shminarayanan 9'ndependent:
)- Sridhar
4uneet $hatia
)an"ir 8e%an 9upto Septem,er 02* 2013:
(mita,h Chaudhry 9'ndependent:
=ishori ;deshi 9'ndependent:
>errit <an ?eerde 9%-e-f- 7ay 15* 2014:
C374(6@ S5C)5T()@
<i"e& (+h%al
(u8'T3)S
7As- S- )- $atli,oi & Co-LL4* Chartered (++ountants
7As- >- 8- (pte & Co-* Chartered (++ountants
Sh()5 T)(6SF5) (g56TS
Integrated Enterprises (India) Limited
2nd Floor* 0=en+es To%ers!* 6o- 1*
)ama&rishna Street*
6orth ;sman )oad* T- 6agar*
Chennai - 00 01B-
TelC 044 2D14 0D01A02A03
Fa1C 044 2D14 24B#
85$56Tu)5 T)uST55
IDBI Trusteeship Services Limited
(sian $uilding* >round Floor*
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LC<s 2DB*BBB 3*1*D4 40*D31 524*DDB 432*111
7?C< 244*#44 323*05# 34D*B01 2D*23 200*2B
Total 53!"# $%&!'(5 %('!53 "'3!#5( $3!"3%
12 @ears I1D0,n
0-4 years* DB0,n
5-12 years* D50,n
12 @ears 1DH
0-4 years 3#H
5-12 years 43H
55.7& 59.98
55.7& 59.98
10-00 10-00
>i+nificant <ccontin+ Po!icies =#
Statement oF 4)oFit & loSS
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
particulars
note
no
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march 3#! (#3
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
a= CaSh <Lo) <rom operaTin> aCTi?iTieS
Profit $efore ta(es 18̤.&6 &01#619.11
8epre+iation and amortisation [/.79 1#8//.09
Loss G (profit) on sa!e of fi(ed assets (net) (/08.&1) 47.11
Pro)ision for di%intion in )a!e of in)est%ents 16.81 (178.66)
1%p!o"ees >toc, option co%pensation cost 0.90 (86.69)
4remium on >o"ernment Se+urities 10.49 0.80
<%ortisation of Biscont on Ao)ern%ent >ecrities (91.77) (74.8&)
<%ortisation of Isse e(penses for e;it" shares 15&.78 15&.78
<%ortisation of P$!ic isse e(penses for non con)erti$!e de$entres 1#467.06 1#578.01
Pro)ision for credit !oss on secritisation ' 17#617.4/
4ro"isions for non performing assets and ,ad de,t %ritten off 11/#601.45 65#/69.78
4ro"isions for standard assets 1#&61.4/ &#&76.04
4ro"ision for gratuity (1#715.11) /95./1
Pro)ision for !ea)e encash%ent 19/.79 185.86
1perting profit 9efore working cpitl c2nge- 3((!3("=$" '(!"35=#5
movements in )or-ing capital5
Increase G (decrease) in trade pa"a$!es (1/#75&.68) 10#780.44
Increase G (decrease) in pro)isions (19#/0&.54) (/5#178.94)
Increase G (decrease) in pro)ision for ser)ice ta(' contested 15.81 &6./6
Increase G (decrease) in other !ia$i!ities (1&1#6&5.68) (&9#/&4.44)
(Increase) G decrease in in)est%ents 84#/&6.95 41#549.05
(Increase) G decrease in in)est%ents in associates 100-00 9100-00:
(Increase) G decrease in in)est%ents in s$sidiaries 0-01 90-01:
Becrease G (increase) in !oans and ad)ances (567#056.49) (861#9/6.16)
BecreaseG(increase) in $an, deposits
(ha)in+ ori+ina! %atrit" of %ore than three %onths)(net) 15#450.96 (4/#78&.8/)
Becrease G (increase) in other assets &7/.4& 140-01
Cash generated .rom operations (3#!$=5") ($"!('#=3")
Birect ta(es paid (net of refnds) (56#581.90) (7/#&54.81)
%et c-2 flow u-e+ in operting cti'itie- ($) (3""!%&&=&") ("((!3&$=#%)
CaSh <Lo)S <rom in?eSTin> aCTi?iTieS
Prchase of fi(ed inc!din+ intan+i$!e assets (7#180.19) (4#&06.05)
Proceeds fro% sa!e of fi(ed assets 515.91 9/.79
net cash used in investing activities (B) ($!$$&=%) (&!##=$)
+aSh Flo% Statement
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
B=
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
3or and on $eha!f of the 2oard of Birectors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
3
<nna! :eport &01/'14 STandaLone aCCounTS
+aSh Flo% Statement
Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
particulars march 3#! (#3 march 3#! (#
C= CaSh <Lo)S <rom <inanCin> aCTi?iTieS
Proceeds fro% issance of e;it" share capita! 1.88 6.&5
>ecrities pre%i% on isse of e;it" capita! 4.70 15.6&
<%ont recei)ed fro% instittiona! $orro*in+ 1#758#710.00 1#99ʙ.00
<%ont recei)ed fro% P$!ic isse of non con)erti$!e de$entres 1&/#589.04 60#000.00
Increase G (decrease) in :etai! $orro*in+s 1&7#&15.4& 84#04&.75
<%ont redee%ed for P$!ic isse of non con)erti$!e de$entres (&7#1&0.05) (46#9&/.16)
:epa"%ent of instittiona! $orro*in+ (1#49ɏ.85) (1#/01#445.&7)
P$!ic isse e(penses for non con)erti$!e de$entres paid (ǀ.01) (1#/16.96)
8i"idend paid (15#881.04) (15#877.71)
Ta( on di)idend (ʺ.57) (ȿ./5)
%et c-2 from finncing cti'itie- (4) &$%!"%#=5 "$%!5'#=#"
%et incre-e D (+ecre-e) in c-2 n+ c-2 e:ui'lent- ($ H B H 4) 84#&7&.77 64#1/&.7/
Cash and Cash e/uivalents at the 0eginning o. the *ear 446#994.11 /8˪.78
Cash and Ban- 0alances ta-en over on merger ' 114.60
Cash and Cash e/uivalents at the end o. the *ear 53#!$$=%% &&$!''&=##
Components o. Cash and Cash e/uivalents
CaSh and CaSh eAui?aLenTS aT The end o< The *ear
i: Cash on hand 1/#587.88 9#478.19
ii: CheLues on hand 1#976.67 4#997.&8
iii: Ca!! 9one" (C2L7) 69#88&.5/ '
i": 2a!ances *ith sched!ed $an,s inM
Current a++ounts 184#449.84 /74#/5&.4&
;npaid di"idend a++ounts P 77/.96 6&9.&&
Beposits *ith or+ina! %atrit" of !ess than three %onths &60#596.00 57#5/7.00
ToTaL CaSh and CaSh eAui?aLenTS (noTe #5) 53#!$$=%% &&$!''&=##
>i+nificant <ccontin+ Po!icies (Note &.1)
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
notesM
1) The a$o)e cash f!o* state%ent ha)e $een prepared nder the indirect %ethod set ot in <ccontin+ >tandard (<>)'/# HCash 3!o*
>tate%ent@ notified nder the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri! 04#
&014# issed $" the 9inistr" of Corporate <ffairs.
&) <!! fi+res in $rac,ets indicate otf!o*.
/) Birect Ta( paid is treated as arisin+ fro% operatin+ acti)ities and are not $ifrcated $et*een in)est%ent and financin+ acti)ities.
4) Brin+ the "ear ended 9arch /1# &01/# >hrira% Co!din+s (9adras) Pri)ate Li%ited (>C9PL) a%a!+a%ated *ith the Co%pan"
sin+ DPrchase %ethodE as defined nder <>'14 <ccontin+ for <%a!+a%ations notified nder Co%panies (<>) :!es# &006
(as a%ended). <ssets and !ia$i!ities ta,en o)er of >C9PL *ere sett!ed for a net consideration of :s. &79#487#4&5. The said net
consideration *as sett!ed in the for% of 500#868 e;it" shares of :s. 10G' each. The Co%pan" has a!!otted the said shares on
No)e%$er 05# &01&. Betai!s of Net <ssets ta,en o)er has $een disc!osed nder Note // to the financia! state%ents. The said net
assets inc!de cash and $an, $a!ances a%ontin+ to :s. &00G' and :s. 11#460#048G' respecti)e!". The said $a!ances *as ta,en
o)er on No)e%$er 05# &01&.
P5) These $a!ances are not a)ai!a$!e for se $" the Co%pan" as the" represent correspondin+ npaid di)idend !ia$i!it".
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
4
Shriram Transport Finan+e Company Limited
#= CorporaTe in<ormaTion
Shriram Transport 3inance Co%pan" Li%ited (the Co%pan") is a p$!ic co%pan" do%ici!ed in India and incorporated nder
the pro)isions of the co%panies <ct# 1956. Its shares are !isted on 2o%$a" >toc, 1(chan+e and Nationa! >toc, 1(chan+e.
The co%pan" pro)ides finance for co%%ercia! )ehic!es# constrction e;ip%ents and other !oans.
= BaSiS o< preparaTion
The financia! state%ents ha)e $een prepared in confor%it" *ith +enera!!" accepted accontin+ princip!es to co%p!" in a!!
%ateria! respects *ith the notified <ccontin+ >tandards (H<>@) nder pro)isions of the Co%panies <ct# 1956 (Hthe <ct@) read
*ith Aenera! Circ!ar 8G&014 dated <pri! 04# &014 # issed $" the 9inistr" of Corporate <ffairs and the +ide!ines issed $"
the :eser)e 2an, of India (H:2I@) as app!ica$!e to a Non 2an,in+ 3inance Co%pan" (HN23C@). The financia! state%ents ha)e
$een prepared nder the historica! cost con)ention on an accra! $asis. The accontin+ po!icies ha)e $een consistent!"
app!ied $" the co%pan" and are consistent *ith those sed in the pre)ios "ear. The co%p!ete financia! state%ents ha)e
$een prepared a!on+ *ith a!! disc!osres.
=#= .ignificnt $ccounting Policie-
a= 4urrent D %onEcurrent cl--ifiction of --et- D li9ilitie-
The Co%pan" has c!assified a!! its assets G !ia$i!ities into crrent G non'crrent portion $ased on the ti%e fra%e of 1&
%onths fro% the date of financia! state%ents. <ccordin+!"# assetsG!ia$i!ities e(pected to $e rea!ised Gsett!ed *ithin
1& %onths fro% the date of financia! state%ents are c!assified as crrent and other assetsG !ia$i!ities are c!assified
as non'crrent.
0= use o. estimates
The preparation of financia! state%ents in confor%it" *ith +enera!!" accepted accontin+ princip!es re;ires
%ana+e%ent to %a,e esti%ates and ass%ptions that affect the reported a%onts of assets and !ia$i!ities and
disc!osre of contin+ent !ia$i!ities at the date of the financia! state%ents and the res!ts of operations drin+ the
reportin+ "ear end. <!tho+h these esti%ates are $ased pon %ana+e%ent@s $est ,no*!ed+e of crrent e)ents
and actions# acta! res!ts co!d differ fro% these esti%ates. <n" re)isions to the accontin+ esti%ates are
reco+nised prospecti)e!" in the crrent and ftre "ears.
c=
)i!e+ --et-, +eprecitionDmorti-tion n+ impirment
Tngi9le fi!e+ --et-
3i(ed assets are stated at cost !ess acc%!ated depreciation and i%pair%ent !osses# if an". Cost co%prises
the prchase price and an" attri$ta$!e cost of $rin+in+ the asset to its *or,in+ condition for its intended se.
2orro*in+ costs re!atin+ to ac;isition of fi(ed assets *hich ta,es s$stantia! period of ti%e to +et read" for its
intended se are a!so inc!ded to the e(tent the" re!ate to the period ti!! sch assets are read" to $e pt to se.
,eprecition on tngi9le fi!e+ --et-
Bepreciation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
!i)es of the respecti)e fi(ed assets and are +reater than or e;a! to the correspondin+ rates prescri$ed in >ched!e
QI0 of the <ct.
particulars rates (SLm) Schedule Ci? rates (SLm)
P!ant and e;ip%ent 10H 4.754
3rnitre and fi(tres 10H 6.//4
7ffice e;ip%ents 10H 4.754
2i!din+s 1.6/4 1.6/4
Computers 20H 16.&14
0ehic!es 20H 9.504
Leaseho!d i%pro)e%ent is a%ortised on >L9 o)er the !ease ter% s$.ect to a %a(i%% of 60 %onths.
<!! fi(ed assets indi)ida!!" costin+ :s. 5#000G' or !ess are f!!" depreciated in the "ear of insta!!ation.
Bepreciation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and !oss ti!! the date of ac;isitionGsa!e.
5
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
intangi0le assets
Intan+i$!e assets are stated at cost !ess acc%!ated a%ortisation and i%pair%ent !osses# if an". Cost co%prises
the prchase price and an" attri$ta$!e cost of $rin+in+ the asset to its *or,in+ condition for its intended se.
<%ortisation pro)ided on strai+ht !ine %ethod (>L9)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef! !ife of
the intan+i$!e asset.
particulars rates (SLm)
Computer soft%are 33-33H
<%ortisation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and !oss ti!! the date of ac;isitionGsa!e.
impairment o. assets
The carr"in+ a%ont of assets is re)ie*ed at each $a!ance sheet date if there is an" indication of i%pair%ent $ased
on interna!Ge(terna! factors. <n i%pair%ent !oss is reco+nised *here)er the carr"in+ a%ont of an asset e(ceeds
its reco)era$!e a%ont. The reco)era$!e a%ont is the +reater of the assets# net se!!in+ price and )a!e in se.
In assessin+ )a!e in se# the esti%ated ftre cash f!o*s are disconted to their present )a!e sin+ a pre'ta(
discont rate that ref!ects crrent %ar,et assess%ents of the ti%e )a!e of %one" and ris,s specific to the asset.
<fter i%pair%ent# depreciation is pro)ided on the re)ised carr"in+ a%ont of the asset o)er its re%ainin+ sef!
!ife.
< pre)ios!" reco+nised i%pair%ent !oss is increased or re)ersed dependin+ on chan+es in circ%stances.
Co*e)er# the carr"in+ )a!e after re)ersa! is not increased $e"ond the carr"in+ )a!e that *o!d ha)e pre)ai!ed $"
char+in+ sa! depreciation if there *as no i%pair%ent. The re)ersa! of i%pair%ent is reco+nised in state%ent of
profit and !oss accont# n!ess the sa%e is carried at re)a!ed a%ont and treated as re)a!ation reser)e.
d= investments
In)est%ents intended to $e he!d for not %ore than a "ear are c!assified as crrent in)est%ents. <!! other in)est%ents
are c!assified as !on+'ter% in)est%ents. Crrent in)est%ents are carried at !o*er of cost and fair )a!e deter%ined
on an indi)ida! in)est%ent $asis. Lon+'ter% in)est%ents are carried at cost. Co*e)er# pro)ision for di%intion in
)a!e is %ade to reco+nise a dec!ine# other than te%porar"# in the )a!e of the in)est%ents.
e= Pro'i-ioning D FriteEoff of --et-
Non perfor%in+ !oans are *ritten off G pro)ided for# as per %ana+e%ent esti%ates# s$.ect to the %ini%% pro)ision
re;ired as per Non' 2an,in+ 3inancia! (Beposit acceptin+ or ho!din+) Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# &007. Be!in;encies on assets secritisedGassi+ned are pro)ided for $ased on %ana+e%ent
esti%ates of the historica! data.
Pro)ision on standard assets is %ade as per the notification BN2>.PB.CC.No.&07G 0/.0&.00& G&010'11 issed $"
:eser)e 2an, of India.
.= Loans
Loans are stated at the a%ont ad)anced inc!din+ finance char+es accred and e(penses reco)era$!e# p to the
$a!ance sheet date as redced $" the a%onts recei)ed and !oans secritised.
g= Leases
)here the Compan* is the lessor
<ssets +i)en on operatin+ !eases are inc!ded in fi(ed assets. Lease inco%e is reco+nised in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%. Costs# inc!din+ depreciation are reco+nised as an
e(pense in the state%ent of profit and !oss. Initia! direct costs sch as !e+a! costs# $ro,era+e costs# etc. are
reco+nised i%%ediate!" in the state%ent of profit and !oss.
)here the Compan* is the lessee
Leases *here the !essor effecti)e!" retains s$stantia!!" a!! the ris,s and $enefits of o*nership of the !eased ite%s#
are c!assified as operatin+ !eases. 7peratin+ !ease pa"%ents are reco+nised as an e(pense in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%.
h= <orei>n CurrenC* TranSLaTion
initial recognition
Transactions in forei+n crrenc" entered into drin+ the "ear are recorded at the e(chan+e rates pre)ai!in+ on the
date of the transa+tion-
a
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(:s. in !acs)
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enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
P6ment-D&!pen-e-
1%p!o"ee $enefits for ,e"
%ana+e%ent personne!
' ' ' ' ' '
48.18 4/.56
' '
&%=#% &3=5$
:o"a!t" paid to >hrira% 7*nership Trst 	/.94 1#780.99 ' ' ' ' ' ' ' ' !('3='& #!"%(=''
8ata sour+ing fees paid to Shriram 3%nership
Trust
716.59 6&0./9 ' ' ' ' ' ' ' ' "#$=5' $(=3'
Ser"i+e +harges paid to Shriram 3%nership
Trust
4#&99.56 /#7&&./5 ' ' ' ' ' ' ' ' &!''=5$ 3!"=35
>er)ice char+es paid to >hrira% Capita! Li%ited /#9/7.95 /#517.01 ' ' ' ' ' ' ' ' 3!'3"='5 3!5#"=(#
1;it" di)idend paid Z 3-13 1.5& 3=#3 #=5
' >hrira% Capita! Li%ited 4#104.08 1#755.08 ' ' ' ' ' ' ' ' &!#(&=(% #!"55=(%
Non'con)erti$!e de$entre %atred Z ' ' ' ' ' ' ' ' 2-01 1.09 =(# #=('
3i(ed deposit %atred ' ' ' ' ' ' ' ' 1-02 ' #=( ,
Interest on fi(ed deposit ' ' ' ' ' ' ' ' 0.15 0-12 (=#5 (=#
Interest on s$ordinated de$t ' ' ' ' 17.50 76./0 ' ' 0.07 0-04 #"=5" "$=3&
Interest on non'con)erti$!e de$entre ' ' ' ' 0-12 0.6& 0-22 ' 1.64 1.18 #='% #=%(
In)est%ent in e;it" shares in >hrira%
Insrance 2ro,in+ Co%pan" Li%ited Z
' ' ' 0-01 ' ' ' ' ' ' , (=(#
In)est%ent in preference shares Z ' ' ' ' ' 100-00 ' ' ' ' , #((=((
1%p!o"ee $enefits paid Z
' >hrira% Capita! Li%ited ' 17.&4 ' ' ' ' ' ' ' ' , #"=&
' >hrira% <to%a!! India Li%ited ' ' 9.18 86.90 ' ' ' ' ' ' '=#% %$='(
:ent paid 0./9 &.&6 (=3' =$
' >hrira% <to%a!! India Li%ited ' ' /8/.87 8/.10 ' ' ' ' ' ' 3%3=%" %3=#(
' >hrira% Capita! Li%ited &0.55 ' ' ' ' ' ' ' ' ' (=55 ,
Interest paid on nsecred Loan
' >hrira% <to%a!! India Li%ited ' ' 156.86 &6.45 ' ' ' ' ' ' #5$=%$ $=&5
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(:s. in !acs)
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enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
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march 3#!
(#&
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2siness %o$i!isation e(penses paid to
>hrira% <to%a!! India Li%ited
' ' 147.4/ 155.15 ' ' ' ' ' ' #&"=&3 #55=#5
>taff cost paid to >hrira% <to%a!! India
Limited
' ' ' 78.07 ' ' ' ' ' ' , "%=("
7ther ad%inistrati)e e(penses paid to
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' 0-02 1-40 ' ' ' ' ' ' (=( #=&(
' >hrira% Capita! Li%ited 5.11 ' ' ' ' ' ' ' ' ' 5=## ,
' >hrira% <to%a!! India Li%ited ' ' 8.59 ' ' ' ' ' ' ' %=5' ,
2ranch openin+ e(penses paid to >hrira%
<to%a!! India Li%ited
' ' 11-22 ' ' ' ' ' ' ' ##= ,
>er)ice contract paid to >hrira% <to%a!!
India Li%ited
' ' 46.54 ' ' ' ' ' ' ' &$=5& ,
?nsecred !oan +i)en Z
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 0.15 ' ' ' ' ' ' , (=#5
' >hrira% Capita! Li%ited ' /4#500.00 ' ' ' ' ' ' ' ' , 3&!5((=((
' >hrira% <to%a!! India Li%ited ' ' 504.08 ' ' ' ' ' ' ' 5(&=(% ,
' >hrira% 1;ip%ent 3inance Co%pan"
Limited
' ' 16#4&/.58 ' ' ' ' ' ' ' #$!&3=5% ,
Inter'corporate deposit paid ' ' ' ' ' ' ' ' ' ' , ,
' >hrira% <to%a!! India Li%ited ' ' &#/75.00 ' ' ' ' ' ' ' !3"5=(( ,
%= reLaTed parTieS diSCLoSure (Contd=)
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particular
enterprises having
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the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
(eceipt-D*ncome
1(penses
' >hrira% <to%a!! India Li%ited ' ' 1//.57 171.85 ' ' ' ' ' ' #33=5" #"#=%5
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' &8&.84 &49.1& ' ' ' ' ' ' %=%& &'=#
?nsecred !oan repaid [
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' 0.15 ' ' ' ' ' ' ' (=#5 ,
' >hrira% Capita! Li%ited ' /7#000.00 ' ' ' ' ' ' ' ' , 3"!(((=((
' >hrira% <to%a!! India Li%ited ' ' 1#7&&.// 67/.08 ' ' ' ' ' ' #!"=33 $"3=(%
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' `.40 40#897.&4 ' ' ' ' ' ' !('$=&( &(!%'"=&
?nsecred !oan recei)ed [
' >hrira% <to%a!! India Li%ited ' ' 1*400-00 975.00 ' ' ' ' ' ' #!&((=(( '"5=((
Interest :ecei)ed on nsecred !oan
' >hrira% Capita! Li%ited ' 1#167.4/ ' ' ' ' ' ' ' ' , #!#$"=&3
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1#854.47 &#&1/.71 ' ' ' ' ' ' #!%5&=&" !#3="#
:ent and e!ectricit"
' >hrira% Capita! Li%ited 11-32 15.17 ' ' ' ' ' ' ' ' ##=3 #5=#"
' >hrira% <to%a!! India Li%ited ' ' 90.&9 17.59 ' ' ' ' ' ' '(=' #"=5'
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' 1.16 5.40 ' ' ' ' #=#$ 5=&(
1%p!o"ee $enefits recei)ed [
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1-01 ' ' ' ' ' ' ' #=(# ,
' >hrira% <to%a!! India Li%ited ' ' 18.87 18.61 ' ' ' ' ' ' #%=%" #%=$#
Non'con)erti$!e de$entre [ ' ' ' ' ' ' ' ' /.&9 &./8 3=' =3%
3i(ed deposit [ ' ' ' ' ' ' ' ' &.09 ' =(' ,
>$ordinated Be$ts [ ' ' ' ' ' ' ' ' 0.80 ' (=%( ,
<pp!ication %one" of NCB [ ' ' ' ' ' ' ' ' ' 0.50 , (=5(
8i"idend on preferen+e shares Shriram
1;ip%ent 3inance Co%pan" Li%ited
' ' &.50 &.50 ' ' ' ' ' ' =5( =5(
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particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
Balance outstanding at the *ear end
>hare capita! ' ' ' ' ' ' 5.5& 5.08 ' ' 5=5 5=(%
' >hrira% Capita! Li%ited 5#910./& 5#850.&8 ' ' ' ' ' ' ' ' 5!'#(=3 5!%5(=%
In)est%ent in e;it" shares
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 1*000-00 1*000-00 ' ' ' ' ' ' #!(((=(( #!(((=((
' >hrira% <to%a!! India Li%ited ' ' 3*000-00 3*000-00 ' ' ' ' ' ' 3!(((=(( 3!(((=((
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 0-01 ' ' ' ' ' ' , (=(#
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' ' 240-00 ' ' ' ' , &(=((
In)est%ent in preference shares
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' &5#000.00 &5#000.00 ' ' ' ' ' ' 5!(((=(( 5!(((=((
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' ' ' 100-00 ' ' ' ' , #((=((
?nsecred !oan reco)era$!e fro% s$sidiar"
+ompanies
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 14#15&.06 ' ' ' ' ' ' ' #&!#5=($ ,
' >hrira% <to%a!! India Li%ited ' ' ' 118.8/ ' ' ' ' ' ' , ##%=%3
' >hrira% Insrance 2ro,in+ Co%pan" Li%ited ' ' ' 1.55 ' ' ' ' ' ' , #=55
?nsecred !oan pa"a$!e to s$sidiar"
+ompanies
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' ' 175.1& ' ' ' ' ' ' , #"5=#
' >hrira% <to%a!! India Li%ited ' ' 6/&.74 975.00 ' ' ' ' ' ' $3="& '"5=((
<%ont pa"a$!e to*ards capita! ad)ance
>hrira% <to%a!! India Li%ited
' ' ' 42-42 ' ' ' ' ' ' , &=&
Interest recei)a$!e on nsecred !oan
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 189.96 /19.67 ' ' ' ' ' ' #%'='$ 3#'=$"
1(penses reco)era$!e
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 5/./8 &4.84 ' ' ' ' ' ' 53=3% &=%&
' >hrira% <to%a!! India Li%ited ' ' 11.87 16.64 ' ' ' ' ' ' ##=%" #$=$&
Non'con)erti$!e de$entre ' ' ' ' ' 6.00 3-00 ' 15.7& 7.09 #%=" #3=('
Interest pa"a$!e on non'con)erti$!e de$entre ' ' ' ' ' ' 0-22 ' 1.19 1-03 #=&# #=(3
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particular
enterprises having
-ignificnt influence o'er
the compan* Su0sidiaries associates
-e* management personnel
(managing director! )hole
time director! manager
and other management
personnel)
relative
o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
march 3#!
(#&
march 3#!
(#3
:ent recei)a$!e fro% >hrira% Capita! Li%ited 0.94 0.94 ' ' ' ' ' ' ' ' (='& (='&
<d%inistrati)e e(penses pa"a$!e to >hrira%
Capita! Li%ited
/.65 ' ' ' ' ' ' ' ' ' 3=$5 ,
7tstandin+ e(penses
' >hrira% 7*nership Trst 195.49 1#881.19 ' ' ' ' ' ' ' ' #'5=&' #!%%#=#'
3i(ed deposit ' ' ' ' ' ' ' ' &.09 1-02 =(' #=(
Interest pa"a$!e on fi(ed deposit ' ' ' ' ' ' ' ' 0-12 0-30 (=# (=3(
Su,ordinated de,t ' ' ' ' ' 413-40 ' ' 1-10 0-30 #=#( ="(
Interest pa"a$!e on s$ordinated de$t ' ' ' ' ' &70.57 ' ' 0.18 0-11 (=#% "(=$%
>uarantee gi"en ,y the +ompany
' >hrira% 1;ip%ent 3inance Co%pan" Li%ited ' ' 100-00 100-00 ' ' ' ' ' ' #((=(( #((=((
' >hrira% <to%a!! India Li%ited ' ' 200-00 400-00 ' ' ' ' ' ' ((=(( &((=((
Z Benotes pa"%ents
[ Benotes receipts
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
11D
Shriram Transport Finan+e Company Limited
'= ConTin>enT LiaBiLiTieS noT pro?ided <or
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
a- In respect of Inco%e ta( de%ands *here the co%pan" has
fi!ed appea! $efore CIT (<ppea!s)
5ʦ.5& 46#689.1&
,- 0<T de%and *here the co%pan" has fi!ed appea! $efore
Tri$na!
/&.8& 1#84/.09
+- >er)ice ta( !ia$i!it" pertainin+ to CPGLease 1&4.07 '
d- >uarantees and +ounter guarantees &/7#50/.49 &&6#750.85
e- >uarantees gi"en for su,sidiaries 300-00 500.00
3tre cash otf!o*s in respect of (a)# ($) and (c) a$o)e are deter%ina$!e on!" on receipt of .d+e%ents Gdecisions pendin+
*ith )arios for%sGathorities. The Co%pan" is of the opinion that a$o)e de%ands are not sstaina$!e and e(pects to
scceed in its appea!s.
The Co%pan" has recei)ed >ho* Case Notice de%andin+ ser)ice ta( on ser)ices rendered to*ards pro)ision of
co!!ection of recei)a$!es and !i;idit" faci!ities in respect of >ecritisation G Birect <ssi+n%ents for the period &008'09 to
&011'1& and
the same is +ontested ,y the Company-
(:s. in !acs)
,i-pute+ income t! +emn+ re on ccount of as at march 3#! (#& as at march 3#! (#3
a- Transfer to stattor" reser)e# pro)ision for NP<#
se+uritisation* et+
/͢.07 &7#&88.44
,- >ecritisation and ro"a!t" for <F &008'09 and &007'08 19#77/.64 19#400.68
+- Bisa!!o*ance of 1>7P e(penses /8.81 '
5!$"%=5 46#689.1&
(:s. in !acs)
Commitments not provided .or as at march 3#! (#& as at march 3#! (#3
a- 1sti%ated a%ont of contracts re%ainin+ to $e e(ected on
capita! accont
191.76 /8&.71
,- ?nca!!ed a%ont in in)est%ent in ICICI In)est%ent
7anagement Company Limited
1#046.96 1#6&6.85
+- ?nca!!ed a%ont in in)est%ent in >hrira% Insrance 2ro,in+
Co%pan" Li%ited (>I2CL)
' 49.99
11#
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T
The Co%pan" se!!s !oans thro+h secritisation and direct assi+n%ent.
The information on se+uritisation of the Company as an originator in respe+t of se+uritisation transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder par strctre &10#869 &16#084
Tota! $oo, )a!e of !oan assets 805#6/5.46 780#/79.6&
>a!e consideration recei)ed 805#6/5.46 780#/79.6&
The information on se+uritisation of the Company as an originator in respe+t of outstanding amount of se+uritised
assets is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of >P0s sponsored $" the Co%pan" for secritisation
transa+tions
48 34
Tota! a%ont of secritised assets as per the $oo,s of >P0s
sponsored ,y the Company
1#&&6#69&.65 94/#519.90
Tota! a%ont of e(posres retained $" the Co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss 751.&5 751.&5
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss 80#/49.45 /8#/54.45
In)est%ent in PTC 56#/47.80 /7#11&.85
<%ont of e(posres to secritisation transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n secritisations
First Loss ' 1#&07.00
3thers 96#464.9& 4/#955.46
ii: 1(posres to third part" secritisations
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n secritisations
First Loss 11#664.54 11#46&.58
3thers &7#/07.99 /6#045.91
ii: 1(posres to third part" secritisations
First Loss ' '
3thers ' '
120
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of par transa+tion done during the
"ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder par strctre 87#15/ 51#9&0.00
Tota! $oo, )a!e of !oan assets &6&#/19./& 98#050.69
>a!e consideration recei)ed &6&#/19./& 98#050.69
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder par strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 55 70
Tota! a%ont otstandin+ 4&/#&&8./8 8/8#866.0&
Tota! a%ont of e(posres retained $" the co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
In)est%ent in PTC &/#841.58 9#805.07
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss &6#909.41 /6#749.49
3thers 97#&87.54 1/4#145.&1
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 19#7/7.&7 //#577.5&
3thers 575.61 1&#&68.1&
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
121
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3(= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of premium transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Tota! n%$er of !oan assets nder pre%i% strctre ' '
Tota! $oo, )a!e of !oan assets ' '
>a!e consideration recei)ed ' '
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder pre%i% strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 6 13
Tota! a%ont otstandin+ 4#/58.10 /̡.8&
Tota! a%ont of e(posres retained $" the co%pan" to co%p!" *ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
In)est%ent in PTC ' '
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 4*222-20 6#168.&0
3thers 1#8/1.00 17#&80.6/
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 1(posres to o*n assi+ned transactions
First Loss 1#754./6 19#884.&7
3thers /0/.45 5#7&7.9/
ii: 1(posres to third part" assi+ned tranactions
First Loss ' '
3thers ' '
122
Shriram Transport Finan+e Company Limited
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#=
B-e+ on t2e intimtion recei'e+ 96 t2e 4ompn6, -ome of t2e -upplier- 2'e confirme+ to 9e regi-tere+ un+er
NThe micro! Small and medium enterprises development (@mSmed3) act! (($O= accordingl*! the disclosures
relting to mount- unpi+ - t t2e 6er en+e+ toget2er wit2 intere-t pi+ Dp69le re furni-2e+ 9elow7
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
The principa! a%ont re%ainin+ npaid to spp!ier as at the end of
the year
' '
The interest de thereon re%ainin+ npaid to spp!ier as at the end
of the year
' '
The a%ont of interest paid in ter%s of >ection 16# a!on+ *ith the
a%ont of pa"%ent %ade to the spp!ier $e"ond the appoint%ent
day during the year
' '
The a%ont of interest de and pa"a$!e for the "ear of de!a" in
%a,in+ pa"%ent (*hich ha)e $een paid $t $e"ond the appointed
da" drin+ the "ear) $t *ithot addin+ the interest specified nder
this <ct
' '
The amount of interest a++rued during the year and remaining
unpaid at the end of the year
' '
The a%ont of frther interest re%ainin+ de and pa"a$!e e)en in
the scceedin+ "ears# nti! sch date *hen the interest des as
a$o)e are acta!!" paid to the s%a!! enterprise for the prpose of
disa!!o*ance as a dedcti$!e e(penditre nder section &/ of the
9icro >%a!! and 9edi% 1nterprise Be)e!op%ent <ct# &006
' '
3=
*n ++ition to t2e u+itor- remunertion -2own in operting n+ ot2er e!pen-e-, t2e 4ompn6 2- l-o incurre+
auditors remuneration in connection )ith audit and related statutor* services to 0e per.ormed 0* auditors in
connection )ith pu0lic issue o. non converti0le de0entures o. rs= #(=$ lacs (march 3#! (#35 rs= 53=3% lacs)
Linclu+ing out of pocket e!pen-e- of (-. 1.52 lc- (/rc2 31, 20137 (-. 0.4" lc-)M 2'e 9een morti-e+ - per
note #3 and sho)n under other assets=
&64#510#406.00
'Cash 200-00
'2an, 11#460#048.00
'7ther <sset (<d)ance ta() /#5/4#&71.00
LessM Lia$i!ities (creditors) (17#500.00)
<air ?alue o. net asset ta-en over "'!&%"!&5=((
Less5
<dditiona! isse of e;it" share (500#868 e;it" shares
of :s. 10 each)
(5#008#680.00)
"&!&"%!"&5=((
123
<nna! :eport &01/'14 STandaLone aCCounTS
0noteS Fo)ming 4a)t oF the
Finan+ial StatementS Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
33=
mer>er o< Shriram hoLdin>S (madraS) pri?aTe LimiTed K@ShmpL3L )iTh The
Compan* durin> The *ear ended marCh 3#! (#3! 5
(a) 7n Bece%$er &1# &011# the 2oard of Birectors of the Co%pan" ha)e appro)ed the %er+er >C9PL *ith the Co%pan".
In ter%s of the >che%e of <%a!+a%ation J <rran+e%ent (>che%e) appro)ed $" Con@$!e Ci+h Cort of 9adras )ide
order dated >epte%$er 1/# &01& and s$se;ent fi!in+ thereof *ith the :e+istrar of Co%panies (H:7C@)# Ta%i! Nad
dated No)e%$er 05# &01&# >hrira% Co!din+s (9adras) Pri)ate Li%ited (D>C9PLE)# an In)est%ent co%pan" has $een
a%a!+a%ated *ith the Co%pan" *ith effect fro% <pri! 01# &01&. The sche%e *as effecti)e on!" after the fi!in+ thereof
*ith :7C# Ta%i! Nad and had an appointed date of <pri! 01# &01&.
($) Prior to the %er+er# >C9PL he!d 9/#/71#51& shares of the Co%pan".
(c) The a%a!+a%ation has $een acconted for nder the DPrchase %ethodE as prescri$ed $" D<ccontin+ >tandard
14 (<>'14) <ccontin+ for <%a!+a%ationE notified nder Co%panies (<ccontin+ >tandards) :!es# &006 (as
amended:-
(d) In accordance *ith the said >che%eM
i) <!! the assets (other than shares of the Co%pan" he!d $" D>C9PLE of the Co%pan")# de$ts# !ia$i!ities# dties
and o$!i+ations of >C9PL ha)e $een )ested in the Co%pan" *ith effect fro% <pri! 01# &01& and ha)e $een
recorded at their respecti)e 3air )a!es nder the prchase %ethod of accontin+ for a%a!+a%ation. There *ere
no difference in the accontin+ po!icies of D>C9PLE and the Co%pan".
ii) 1(chan+e ratio deter%ined at /1/M1&4 (i.e. /1/ e;it" shares of :s. 10G' each of the Co%pan" for e)er" 1&4
e;it" shares of :s. 10G' each of D>C9PLE and these e;it" shares ran,in+ pari'pass *ith the e(istin+ e;it"
shares of the Company-
iii) <dditiona! isse of 500#868 e;it" shares to the shareho!ders of >C9PL# prsant to Net <ssets ta,en of
>C9PL o)er $" the Co%pan".
i)) In accordance *ith the said sche%e# e(cess of the Net <ssets 0a!e ta,en o)er $" the Co%pan" )is'a')is
additiona! e;it" shares issed has $een transferred to capita! reser)es.
)) Betai!s of Net <ssets ta,en o)er and transfer to Capita! reser)e is as nderM
<air ?alue o. the asset5
'In)est%ent
amount in rupees
amount ta-en to capital reserves on amalgamation
3&= eCpendiTure in <orei>n CurrenC* (<CC:?<L 2<>I>)
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
:atin+ fees 4/.90 '
Computer soft%are 7.// '
Total 5#=3 ,
3&= pre?iouS *ear ComparaTi?eS
Pre)ios "ear fi+res ha)e $een re+roped G rearran+ed# *here)er considered necessar"# to confor% *ith crrent "ear@s
presentation-
<s per or report of e)en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= 3or and on $eha!f of the 2oard of Birectors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! (("
(:s. in !acs)
amount
outstanding
amount
overdue
Lia0ilities side 5
#= Loans and advances availed 0* the nB<Cs inclusive o. interest accrued
thereon 0ut not paid5
9a: Be$entre M >ecred 1#441#499.65 6#/&4.6& W
M ?nsecred
(other than fa!!in+ *ithin the %eanin+ of p$!ic depositsP)
88#0&1./1 NIL
9,: 8eferred Credits NIL NIL
9+: Term Loans 1#4//#7/9.84 NIL
9d: Inter'corporate !oans and $orro*in+ NIL NIL
9e: Co%%ercia! Paper 15#/76.59 NIL
9f: P$!ic BepositsP &46#11/.&1 4#496.&6 W
9g: 7ther Loans ' >$ordinate Be$ts 498#461.01 6#&95.16 W
' Cash Credit /5#/05.08 NIL
' Corporate Loan NIL NIL
PP!ease see Note 1 $e!o*
= Brea-,up o. (#)(.) a0ove
(7tstandin+ p$!ic deposits inc!si)e of interest accred thereon $t not paid)M
9a: In the for% of ?nsecred de$entres NIL NIL
9,: In the for% of part!" secred de$entres i.e de$entres *here there is a
shortfa!! in the )a!e of secrit"
NIL NIL
9+: 7ther p$!ic deposits &46#11/.&1 4#496.&6
PP!ease see Note 1 $e!o*
W :epresent a%onts nc!ai%ed
assets side 5
3= Brea-,up o. Loans and advances including 0ills receiva0les
(other than those inc!ded in (4) $e!o*)M
9a: Se+ured /90.88
9,: ;nse+ured 1&0#514./&
&= Brea- up o. Leased assets and stoc- on hire counting to)ards a<C activities
9i: Lease assets inc!din+ !ease renta!s nder sndr" de$tors M
9a: 3inancia! !ease NIL
9,: 7peratin+ !ease NIL
9ii: >toc, on Cire inc!din+ hire char+es nder sndr" de$tors M
9a: <ssets on hire NIL
9,: :epossessed <ssets NIL
9iii: 7ther !oans contin+ to*ards <3C <cti)ities M
9a: Loans %here assets ha"e ,een repossessed /1#778.14
9,: Loans other than 9a: a,o"e /#494#541.51
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! ((" 9Contd-:
(:s. in !acs)
amount
outstanding
5= Brea-,up o. investments 5
Current investments 5
#= Auoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,enture and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thers (P!ease specif") NIL
= un/uoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thersM (a) In)est%ent in Certificate of Beposits &0/#544.94
9,: 8e,entures NIL
(c) 9ta! 3nds 201-40
Long Term investments 5
#= Auoted 5
9i: >hares M (a) 1;it" NIL
9,: 4referen+e NIL
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities //#089.48
9": 7thers (P!ease specif") NIL
= un/uoted 5
9i: >hares M (a) 1;it" 4*040-00
9,: 4referen+e &5#000.00
9ii: 8e,entures and $onds NIL
9iii: ?nits of %ta! fnds NIL
9i": >o"ernment Se+urities NIL
9": 7thers ' 0entre Capita! 3nd 1#45/.04
In)est%ent in >$ordinate Be$ts 5#000.00
aS reAuired in TermS o< para>raph #3 o< non,Ban-in> <inanCiaL (B1P7>IT <CC1PTINA 7: C7LBINA)
CompanieS prudenTiaL normS (:1>1:01 2<N8) direCTionS! ((" 9Contd-:
$= Borrower groupEwi-e cl--ifiction of --et-, finnce+ - in (3) n+ (4) 9o'e 7
please see note 0elo)
(:s. in !acs)
Categor*
amount ( Net of pro)isions )
Secured unsecured Total
#= related parties EE
9a: Su,sidiaries NIL NIL NIL
9,: Companies in the same group NIL NIL NIL
9+: 7ther re!ated parties NIL NIL NIL
= other than related parties /#417#440.07 115#078.94 /#5/ȇ.00
"= *n'e-tor groupEwi-e cl--ifiction of ll in'e-tment- (current n+ long term) in -2re- n+ -ecuritie-
(0oth /uoted and un/uoted)5
please see note 3 0elo)
Categor*
mar-et ?alue
D Brek up or
.air value or
na?E
Boo- ?alue
(net o.
provisions)
#= related parties EE
9a: Su,sidiaries 5ʷ.99 &9#000.00
9,: Companies in the same group NIL NIL
9+: 7ther re!ated parties NIL NIL
= other than related parties &4/#/64.4& &4/#/&8.85
P Bisc!osre is %ade in respect of a)ai!a$!e infor%ation.
PP <s per <ccontin+ >tandard of IC<I (P!ease see Note /)
%= other in.ormation
particulars amount
(i) >ross non,per.orming assets
9a: :e!ated parties NIL
9,: 7ther than re!ated parties 145#050./4
(ii) net non,per.orming assets
9a: :e!ated parties NIL
9,: 7ther than re!ated parties /0#&91.&/
(iii) assets ac/uired in satis.action o. de0t NIL
notes 5
1- <s defined in Para+raph &(1)((ii) of the Non'2an,in+ 3inancia! Co%panies <cceptance of P$!ic Beposits (:eser)e 2an,)
Birections# 1998.
2- Pro)isionin+ nor%s sha!! $e app!ica$!e as prescri$ed in the Non'2an,in+ 3inancia! Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# 1998.
3- <!! <ccontin+ >tandards and Aidance Notes issed $" IC<I are app!ica$!e inc!din+ for ca!c!ation of in)est%ents and
other assets as a!so assets ac;ired in satisfaction of de$t. Co*e)er# %ar,et )a!e in respect of ;oted in)est%ents and
$rea, pGfair )a!eGN<0 in respect of n;oted in)est%ents sho!d $e disc!osed irrespecti)e of *hether the" are c!assified
as !on+ ter% or crrent in co!%n (5) a$o)e.
12D
Shriram Transport Finan+e Company Limited
Summary of Finan+ial informationof su,sidiary +ompanies
for the year ended mar+h 31* 2014 ;nder se+tion 2129D: of the +ompanies a+t 1#5-
(:s. in !acs)
particulars
Shriram
e/uipment <inance
Compan* Limited
Shriram automall
india Limited
Capita! &6#000.00 3*000-00
:eser)es &ͺ.4& 80&.64
Tota! assets /46#800.// 6#908.50
Tota! !ia$i!ities &97#909.91 /#105.86
In)est%ent inc!ded in tota! assets ' '
Turno"er 54#/94.74 7#644.64
Profit $efore ta(ation 1/#1/5.&8 1#&4/.6/
Pro)ision for ta(ation 4#451.8/ 417.&8
Profit after ta(ation 8#68/.45 8&6./5
Bi)idend inc!din+ di)idend distri$tion ta( &.91 '
Finan+ial Se+tionS
+onSolidated
<nna! :eport &01&'1/
Contents
+onsolidated Finan+ial se+tion
inde4endent a;dito)!s )e4o)t
131
$alan+e sheet 132
statement oF 4)oFit & loss 133
+ash Flo% statement
134
notes 13
131
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
inde4endent a;dito)!s )e4o)t
To*
The $oard of 8ire+tors of
Shriram TranSporT <inanCe Compan* LimiTed
Ke ha)e adited the acco%pan"in+ conso!idated financia!
statements of Shriram Transport Finan+e Company Limited
9Xthe CompanyY:and its su,sidiaries 9+olle+ti"ely the
X>roupY:* %hi+h +omprise the +onsolidated $alan+e Sheet
as at 7ar+h
/1# &014# and the conso!idated >tate%ent of Profit and Loss
and +onsolidated Cash Flo% Statement for the year then
ended# and a s%%ar" of si+nificant accontin+ po!icies and
other e1planatory information-
management3s responsi0ilit* .or the Consolidated
<inancial Statements
7anagement is responsi,le for the preparation of these
conso!idated financia! state%ents that +i)e tre and fair )ie*
of the conso!idated financia! position# conso!idated financia!
perfor%ance and conso!idate cash f!o*s of the Arop in
a++ordan+e %ith a++ounting prin+iples generally a++epted in
'ndia- This responsi,ility in+ludes the design* implementation
and maintenan+e of internal +ontrol rele"ant to the
preparation and presentation of the conso!idated financia!
state%ents that gi"e a true and fair "ie% and are free from
material misstatement* %hether due to fraud or error-
auditor3s responsi0ilit*
3ur responsi,ility is to e1press an opinion on these
conso!idated financia! state%ents $ased on or adit. Ke
+ondu+ted our audit in a++ordan+e %ith the Standards on
(uditing issued ,y the 'nstitute of Chartered (++ountants of
'ndia- Those Standards reLuire that %e +omply %ith ethi+al
reLuirements and plan and perform the audit to o,tain
reasona,le assuran+e a,out %hether the +onsolidated
financia! state%ents are free fro% %ateria! %isstate%ent.
(n audit in"ol"es performing pro+edures to o,tain audit
e"iden+e a,out the amounts and dis+losures in the
conso!idated financia! state%ents. The procedres se!ected
depend on the auditor!s 2udgement* in+luding the
assessment of the ris&s of material misstatement of the
+onsolidated financia! state%ents# *hether de to frad or
error. In %a,in+ those ris& assessments* the auditor
+onsiders internal +ontrol rele"ant to the Company!s
preparation and presentation of the conso!idated financia!
state%ents that +i)e a tre and far "ie% in order to design
audit pro+edures that are appropriate in the +ir+umstan+es*
,ut not for the purpose of e1pressing an opinion on the
effe+ti"eness of the Company!s internal +ontrol- (n audit
also in+ludes e"aluating the appropriateness
of a++ounting poli+ies used and the reasona,leness of
the a++ounting estimates made ,y management* as %ell
as e"aluating the o"erall presentation of the +onsolidated
financia! state%ents. Ke $e!ie)e that the adit e)idence *e
ha)e o$tained is sfficient and appropriate to pro)ide a $asis
for our audit opinion-
opinion
'n our opinion and to the ,est of our information and
a++ording to the e(p!anations +i)en to s# the conso!idated
financia! statements gi"e a true and fair "ie% in +onformity
%ith the a++ounting prin+iples generally a++epted in 'ndia-
9a: in the +ase of the +onsolidated $alan+e Sheet* of the
state of affairs of the >roup as at 7ar+h 31* 2014J
($) in the case of the conso!idated >tate%ent of Profit and
Loss# of the profit for the "ear ended on that date6 and
9+: in the +ase of the +onsolidated Cash Flo% Statement* of
the cash f!o*s for the "ear ended on that date.
other matters
Ke did not .oint!" adit the financia! state%ents of
>$sidiaries# *hose financia! state%ents ref!ect tota! assets
of :s. /5/#076 la+s after elimination of inter group ,alan+e
as at 7ar+h 31*
&014# the tota! re)ene of :s. 61#601 !acs after e!i%ination
of inter +rop transaction and tota! cash otf!o*s a%ontin+
to :s. 14#545 !acs after e!i%ination of inter +rop transaction
for the "ear then ended. The financia! state%ents of the
su,sidiaries* Shriram 5Luipment Finan+e Company Limited
and Shriram (utomall 'ndia Limited ha"e ,een audited ,y
S-<- >hatalia & (sso+iates LL4* Chartered (++ountants
and >- 8- (pte & Co- Chartered (++ountants* respe+ti"ely*
%hose reports ha"e ,een furnished to us* and our opinion* in
so far as it relates to the amounts in+luded in respe+t of
these entities* is ,ased solely on reports of respe+ti"e
auditors- 3ur opinion is not ;a!ified in respect of this %atter.
For S=r= Batli0oi : Co= LLp For >= d= apte : Co=
Char!ered Accoun!an!s Char!ered Accoun!an!s
IC<I 3ir% :e+istration N%$erM /0100/1 IC<I 3ir% :e+istration N%$erM 100515K
per ?iren h= mehta ame*a d= Tam0e-ar
&ar!ner &ar!ner
9e%$ership N%$erM 048749 9e%$ership N%$erM 1&8/55
P!aceM 9%$ai P!aceM 9%$ai
BateM <pri! &9# &014 BateM <pri! &9# &014
+onsolidated $alan+e sheet
as at ma)+h 31* 2014
(:s. in !acs)
note
particulars no
as at
march 3#! (#&
as at
march 3#! (#3
i= eAuiT* and LiaBiLiTieS
(#) ShareholdersB .unds
9a: Share +apital 3 &ʲ.67 &ʰ.79
9,: :eser)es and srp!s & 8&8#/&7.04 711#098./8
%5#!(#"="# "33!"%"=#"
() non,current lia0ilities
9a: Lon+'ter% $orro*in+s 5 &#/96#&08./0 #//7.45
9,: 3ther Long term lia,ilities $ 98#809./7 1/0#/79.66
9+: Long term pro"isions " 1/0#/00.64 115#91&.07
!$5!3#%=3# !5(!$'=#%
(3) Current lia0ilities
9a: >hort'ter% $orro*in+s % //9#/77.91 459#581.10
9,: Trade paya,les 5ǟ./4 76#1&&.5&
9+: 3ther +urrent lia,ilities $ 1#///#885./1 1#178#076.&&
9d: >hort'ter% pro)isions " /0#160.07 &9#&&/.71
#!"55!'(=$3 #!"&3!((3=55
Total 5!3!3%=$5 &!""!&#'='(
ii= aSSeTS
(#) non,current assets
9a: Fi1ed assets '
9i: Tangi,le assets 15#&66.57 6#9&1.85
9ii: 'ntangi,le assets &16.5& 300-42
9iii: 'ntangi,le assets under de"elopment ' 4-10
9,: Non'crrent in)est%ents #( /9#779.99 /0#/65.84
9+: 8eferred ta1 assets 9net: ## &5#555.80 &8#71&.5/
9d: Lon+'ter% !oans and ad)ances # &#/76#96/.99 &4#857.&8
9e: 7ther non'crrent assets #3 9#44&.50 17#016.5&
!&$"!5=3" !(%!#"%=5&
() Current assets
9a: Current in"estments #& &0/#746.// &97#659.6/
9,: Trade re+ei"a,les #5 190.67 0.49
9+: Cash and ,an& ,alan+es #$ 711#84/.68 6/5#17&.69
9d: >hort'ter% !oans and ad)ances # 1#841#&/1.5/ 1#578#69&./4
9e: 3ther +urrent assets #3 8#001.07 7#716.&1
!"$5!(#3=% !5#'!&#=3$
Total 5!3!3%=$5 &!""!&#'='(
>i+nificant <ccontin+ Po!icies =#
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= For and on ,ehalf of the $oard of 8ire+tors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
For and on ,ehalf of the $oard of 8ire+tors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
133
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
statement oF +onsolidated 4)oFit & loss
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
note
particulars no
*ear ended
march 3#! (#3
*ear ended
march 3#! (#
inCome
:e)ene fro% operations #" 847#601.9& 701#44&.87
3ther in+ome #% 416.77 15&.9/
Total %&%!(#%=$' "(#!5'5=%(
eCpendiTure
(d2ustment due to de+reaseA9in+rease: in in"entory of "ehi+les 35 ' 96.11
:efr$ish%ent e(penses ' 2-41
1%p!o"ee $enefit e(penses #' 47#159.80 44#/16.7&
Finan+e +ost ( 4&0#&&0.91 /05#894.51
8epre+iation and amortisation ' /#&78.41 &#&71.&4
3ther e1penses # 58#99&./9 45#5&4.8&
4ro"isions & %rite offs 1&1#/&0.86 87#&&/.96
Total $5(!'"=3" &%5!3'=""
Profit 9efore t!tion #'"!(&$=3 #$!$$=(3
Pro'i-ion for t!tion
Current ta1 58#095.87 76#944.1/
LessM 9<T credit entit!e%ent ' (188.&9)
8eferred ta1 /#156.7& (6#878.58)
Totl t! e!pen-e D (income) $#!5=5' $'!%""=$
Profit fter t! from opertion- #35!"'3="3 #&$!3%%=""
>hare of Profit G (Loss) of <ssociate ' (45.98)
%et profit fter t!e- n+
.2re of Profit of $--ocite
#35!"'3="3 #&$!3&="'
earnings per share 3
2asic (:s.) 59.85 64.5&
Bi!ted (:s.) 59.85 64.51
No%ina! )a!e of e;it" share (:s.) 10-00 10-00
>i+nificant <ccontin+ Po!icies =#
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
a= CaSh <Lo) <rom operaTin> aCTi?iTieS
Profit $efore ta(es 197#046./& &16#&66.0/
8epre+iation and amortisation /#&78.41 &#&71.&4
Loss G (profit) on sa!e of fi(ed assets (net) (/06.9&) 55.&4
4ro"ision for diminution in "alue of in"estments 16.81 (178.66)
5mployees Sto+& option +ompensation +ost 11-14 (86.69)
4remium on >o"ernment Se+urities 10.49 0.80
(mortisation of 8is+ount on >o"ernment Se+urities (91.77) (74.8&)
(mortisation of 'ssue e1penses for eLuity shares 15&.78 15&.78
(mortisation of 4u,li+ issue e1penses for non +on"erti,le de,entures 1#467.06 1#578.01
4ro"ision for +redit loss on se+uritisation ' 17#617.4/
4ro"isions for non performing assets and ,ad de,t %ritten off 119#944.56 67#&/8.&8
4ro"isions for standard assets 1#/59.49 Ȣ.91
4ro"ision for gratuity (1#87/.0/) 466.95
4ro"ision for non mo"ing in"entory ' 93-23:
4ro"ision for lea"e en+ashment 211-10 &6/.01
1perting profit 9efore working cpitl c2nge- 3#!$=&& 3(%!##3=%
movements in )or-ing capital5
'n+rease A 9de+rease: in trade paya,les (&/#64/.18) 16#4&&.46
'n+rease A 9de+rease: in pro"isions (19#/0&.54) (/5#178.94)
Increase G (decrease) in pro)ision for ser)ice ta(' contested 15.81 &6./6
'n+rease A 9de+rease: in other lia,ilities (1&6#09/.1/) (&9#0&6.7/)
8e+rease A 9in+rease: in trade re+ei"a,les (190.17) &5./0
8e+rease A 9in+rease: in in"entories ' 96.11
9'n+rease: A de+rease in in"estments 84#561.&9 41#448.98
8e+rease A 9in+rease: in loans and ad"an+es (596#01&.4/) (1#015#699.&8)
8e+reaseA9in+rease: in ,an& deposits
9ha"ing original maturity of more than three months:9net:
15#450.8& (4/#78&.8/)
8e+rease A 9in+rease: in other assets &7/.41 1/9.89
Cash generated .rom operations (3&3!"#3=$%) ("5"!=&()
8ire+t ta1es paid 9net of refunds: (61#760.78) (78#447.16)
%et c-2 flow u-e+ in operting cti'itie- ($) (&(5!&"&=&$) (%35!%$=5$)
B= CaSh <Lo)S <rom in?eSTin> aCTi?iTieS
Prchase of fi(ed inc!din+ intan+i$!e assets (11#74/./4) 94*321-22:
Proceeds fro% sa!e of fi(ed assets 516./9 1/6.9&
net cash used in investing activities (B) (##!$='5) (&!#%&=3()
CaSh <Lo)S <rom <inanCin> aCTi?iTieS
4ro+eeds from issuan+e of eLuity share +apital 1.88 6.&5
Se+urities premium on issue of eLuity +apital 4.70 15.6&
(mount re+ei"ed from institutional ,orro%ing 1#95/#898.05 lj#610./4
(mount re+ei"ed from 4u,li+ issue of non +on"erti,le de,entures 1&/#589.04 60#000.00
Increase G (decrease) in :etai! $orro*in+s 1&7#&15.4& 84#04&.75
134
Shriram Transport Finan+e Company Limited
+onsolidated +ash Flo% statement
Fo) the yea) ended ma)+h 31* 2014
(:s. in !acs)
C=
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
7um,ai
<pri! &9# &014
For >= d= apte : Co=
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
For and on ,ehalf of the $oard of 8ire+tors of
Shriram Transport <inance Compan* Limited
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
135
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
+onsolidated +ash Flo% statement
Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
C= CaSh <Lo)S <rom <inanCin> aCTi?iTieS (Contd=)
(mount redeemed for 4u,li+ issue of non +on"erti,le de,entures (&7#1&0.05) (46#9&/.16)
:epa"%ent of instittiona! $orro*in+ (1#655#581.8/) (1#6&8#9//.99)
4u,li+ issue e1penses for non +on"erti,le de,entures paid (ǀ.01) (1#/16.96)
8i"idend paid (15#881.04) (15#877.71)
Ta1 on di"idend (ʺ.99) (ȿ.76)
%et c-2 from finncing cti'itie- (4) 5((!'"'=#" '($!(&"=3%
%et incre-e D (+ecre-e) in c-2 n+ c-2 e:ui'lent- ($ H B H 4) 84#&77.76 66#000.5&
4-2 n+ 4-2 &:ui'lent- t t2e 9eginning of t2e 6er 450#&//.40 /84#118.&8
Cash and 0an- 0alances ta-en over on merger ' 114.60
4-2 n+ 4-2 &:ui'lent- t t2e en+ of t2e 6er 53&!5##=#$ &5(!33=&(
(:s. in !acs)
4omponent- of 4-2 n+ 4-2 &:ui'lent-
as at
march 3#! (#&
as at
march 3#! (#3
CaSh and CaSh eAui?aLenTS aT The end o< The *ear
i: Cash on hand 1/#608.57 9#488.&&
ii: CheLues on hand 4#197.&5 5#419.&8
iii: Call 7oney 9C$L3: 69#88&.5/ '
i": 2a!ances *ith sched!ed $an,s inM
Current a++ounts 185#45&.85 /77#159.68
;npaid di"idend a++ounts P 77/.96 6&9.&&
8eposits %ith orginal maturity of less than three months &60#596.00 57#5/7.00
ToTaL CaSh and CaSh eAui?aLenTS (noTe #$) 53&!5##=#$ &5(!33=&(
>i+nificant <ccontin+ Po!icies (Note &.1)
The acco%pan"in+ notes are an inte+ra! part of the financia! state%ents.
notes
1) The a$o)e cash f!o* state%ent ha)e $een prepared nder the indirect %ethod set ot in <ccontin+ >tandard (<>)'/# HCash
Flo% State%ent@ notified nder the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri!
04* 2014* issued ,y the 7inistry of Corporate (ffairs-
&) <!! fi+res in $rac,ets indicate otf!o*.
/) Birect Ta( paid is treated as arisin+ fro% operatin+ acti)ities and are not $ifrcated $et*een in)est%ent and financin+
a+ti"ities-
4: 8uring the year ended 7ar+h 31* 2013* Shriram ?oldings 97adras: 4ri"ate Limited 9S?74L: amalgamated %ith the
Company sin+ DPrchase %ethodE as defined nder <>'14 <ccontin+ for <%a!+a%ations notified nder Co%panies (<>)
:!es# &006 (as a%ended). <ssets and !ia$i!ities ta,en o)er of >C9PL *ere sett!ed for a net consideration of :s.
&79#487#4&5. The said net consideration *as sett!ed in the for% of 500#868 e;it" shares of :s. 10G' each. The Co%pan" has
a!!otted the said shares on No)e%$er 05# &01&. Betai!s of Net <ssets ta,en o)er has $een disc!osed nder Note /4 to the
financia! state%ents. The said net assets in+lude +ash and ,an& ,alances a%ontin+ to :s. &00G' and :s. 11#460#048G'
respecti)e!". The said $a!ances *as ta,en o)er on No)e%$er 05# &01&.
P5) These $a!ances are not a)ai!a$!e for se $" the Co%pan" as the" represent correspondin+ npaid di)idend !ia$i!it".
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014
13
Shriram Transport Finan+e Company Limited
#= BaSiS o< preparaTion
The Conso!idated financia! state%ents re!ates to 9Gs. >hrira% Transport 3inance Co%pan" Li%ited (the co%pan")# its
su,sidiary +ompanies and asso+iate- The +ompany* its su,sidiary +ompanies and asso+iate +onstitute the group- The
financia! state%ents ha)e $een prepared in confor%it" *ith +enera!!" accepted accontin+ princip!es to co%p!" in a!! %ateria!
respects *ith the notified <ccontin+ >tandards (H<>@) nder pro)isions of the Co%panies <ct# 1956 (Hthe <ct@) read *ith
Aenera! Circ!ar 8G&014 dated <pri! 04# &014 # issed $" the 9inistr" of Corporate <ffairs and the +ide!ines issed $" the
:eser)e 2an, of India (H:2I@) as app!ica$!e to a Non 2an,in+ 3inance Co%pan" (HN23C@).The financia! state%ents ha)e
,een prepared under the histori+al +ost +on"ention on an a++rual ,asis- The a++ounting poli+ies ha"e ,een +onsistently
app!ied $" the +rop and are consistent *ith those sed in the pre)ios "ear.The co%p!ete financia! state%ents ha)e $een
prepared along %ith all dis+losures-
= BaSiS o< ConSoLidaTion
i. The financia! state%ents of the s$sidiar" co%panies and the associate sed in the conso!idation are dra*n p to the
same reporting date as of the +ompany i-e- year ended 7ar+h 31* 2014 and are prepared ,ased on the a++ounting
poli+ies +onsistent %ith those used ,y the +ompany-
ii. The financia! state%ents of the +rop ha)e $een prepared in accordance *ith the <> &1' HConso!idated 3inancia!
>tate%ents@ and <> &/ N H<ccontin+ for In)est%ents in <ssociates@ in conso!idated financia! state%ents# notified under
the pro)isions of the Co%panies <ct# 1956 (the H<ct@) read *ith Aenera! circ!ar 8G&014# dated <pri! 04# &014# issed $" the
7inistry of Corporate (ffairs and other generally a++epted a++ounting prin+iples in 'ndia-
iii. The conso!idated financia! state%ents ha)e $een prepared on the fo!!o*in+ $asis M
1. The financia! state%ents of the co%pan" and its s$sidiar" co%panies ha)e $een co%$ined on a !ine'$"'!ine $asis
$" addin+ to+ether !i,e ite%s of assets# !ia$i!ities# inco%e and e(penses. The intra'+rop $a!ances and intra'+rop
transa+tions ha"e ,een fully eliminated e1+ept %here losses are realised-
&. The conso!idated financia! state%ents inc!de the share of profit G !oss of the associate co%pan" *hich has $een
acconted as per the H1;it" %ethod@# and accordin+!"# the share of profit G !oss of the associate co%pan" (the
loss ,eing restri+ted to the +ost of in"estment: has ,een added to A dedu+ted from the +ost of in"estments- (n
associate is an enterprise in *hich the in)estor has si+nificant inf!ence and *hich is neither a s$sidiar" nor a .oint
"enture of the in"estor-
3- The e1+ess of +ost to the +ompany of its in"estments in the su,sidiary +ompanies o"er its share of eLuity of the
su,sidiary +ompanies* at the dates on %hi+h the in"estments in the su,sidiary +ompanies are made* is
re+ognised as HAood*i!!@ $ein+ an asset in the conso!idated financia! state%ents. <!ternati)e!"# *here the share
of e;it" in the su,sidiary +ompanies as on the date of in"estment is in e1+ess of +ost of in"estment of the
+ompany* it is reco+nised as HCapita! :eser)e@ and sho*n nder the head H:eser)es and >rp!s@# in the
conso!idated financia! statements-
4- 7inority interest* if any* in the net assets of +onsolidated su,sidiaries +onsists of the amount of eLuity attri,uta,le
to the minority shareholders at the dates on %hi+h in"estments are made ,y the +ompany in the su,sidiary
+ompanies and further mo"ements in their share in the eLuity* su,seLuent to the dates of in"estments as stated
a,o"e-
13B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
Sr= Countr* o.
no= name o. the Su0sidiar* Compan* incorporation
Share o. o)nership
interest as at march
3#! (#&
Share o. o)nership
interest as at march
3#! (#3
# Shriram 5Luipment Finan+e Company 'ndia
Li%ited (*.e.f. Bece%$er 15# &009)
100H 100H
100H 100H
Countr* o.
name o. the associate Compan* incorporation
Share o. o)nership interest as at
march 3#! (#& march 3#! (#3
' 40-00H
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
i). The fo!!o*in+ s$sidiar" co%panies are considered in the conso!idated financia! state%entsM
Shriram (utomall 'ndia Limited
9%-e-f- Fe,ruary 11* 2010:
'ndia
<s the a%ont in)o!)ed in transactions *ith >hrira% Insrance 2ro,in+ Co%pan" Li%ited are not %ateria!# the financia!
effects ha)e not $een considered in the financia! state%ents.
). The detai!s of <ssociate Co%pan" are as fo!!o*s M
Shriram (sset 7anagement
Company Limited
'ndia
=#= .ignificnt $ccounting Policie-
a=
4urrent D %onEcurrent cl--ifiction of --et- D li9ilitie-
The Compan" has c!assified a!! its assets G !ia$i!ities into crrent G non'crrent portion $ased on the ti%e fra%e of
1& %onths fro% the date of financia! state%ents. <ccordin+!"# assetsG!ia$i!ities e(pected to $e rea!ised Gsett!ed
*ithin
12 months from the date of financia! state%ents are c!assified as crrent and other assetsG !ia$i!ities are c!assifies
as non'crrent.
0= use o. estimates
The preparation of financia! state%ents in confor%it" *ith +enera!!" accepted accontin+ princip!es re;ires
management to ma&e estimates and assumptions that affe+t the reported amounts of assets and lia,ilities and
disc!osre of contin+ent !ia$i!ities at the date of the financia! state%ents and the res!ts of operations drin+ the
reporting period- (lthough these estimates are ,ased upon management!s ,est &no%ledge of +urrent e"ents and
a+tions* a+tual results +ould differ from these estimates- (ny re"isions to the a++ounting estimates are re+ognised
prospe+ti"ely in the +urrent and future years-
c=
)i!e+ --et-, +eprecitionDmorti-tion n+ impirment
Tngi9le fi!e+ --et-
Fi1ed assets are stated at +ost less a++umulated depre+iation and impairment losses* if any- Cost +omprises the
pur+hase pri+e and any attri,uta,le +ost of ,ringing the asset to its %or&ing +ondition for its intended use-
$orro%ing costs re!atin+ to ac;isition of fi(ed assets *hich ta,es s$stantia! "ear of ti%e to +et read" for its
intended se are also in+luded to the e1tent they relate to the year till su+h assets are ready to ,e put to use-
,eprecition on tngi9le fi!e+ --et-
Bepreciation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
!i)es of the respecti)e fi(ed assets and are higher than or eLual to the +orresponding rates pres+ri,ed in S+hedule
S'< of the (+t-
particulars rates (SLm) Schedule Ci? rates (SLm)
4lant and eLuipment 10H 4.754
3rnitre and fi(tres 10H 6.//4
7ffice e;ip%ents 10H 4.754
$uildings 1.6/4 1.6/4
Computers 20H 16.&14
<ehi+les 20H 9.504
Leaseho!d i%pro)e%ent is a%ortised on >L9 o)er the !ease ter% s$.ect to a %a(i%% of 60 %onths.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
<!! fi(ed assets indi)ida!!" costin+ :s. 5#000G' or !ess are f!!" depreciated in the "ear of insta!!ation.
Bepreciation on assets ac;iredGso!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and loss till the date of a+LuisitionAsale-
intangi0le assets
'ntangi,le assets are stated at +ost less a++umulated amortisation and impairment losses* if any- Cost +omprises
the pur+hase pri+e and any attri,uta,le +ost of ,ringing the asset to its %or&ing +ondition for its intended use-
<%ortisation is pro)ided on >trai+ht Line 9ethod (H>L9@)# *hich ref!ect the %ana+e%ent@s esti%ate of the sef!
life of the intangi,le asset-
particulars rates (SLm)
Computer soft%are 33-33H
Trademar&s 10-00H
<%ortisation on assets ac;ired G so!d drin+ the "ear is reco+nised on a pro'rata $asis to the state%ent of profit
and loss till the date of a+Luisition A sale-
impairment o. assets
The +arrying amount of assets is re"ie%ed at ea+h ,alan+e sheet date if there is any indi+ation of impairment
,ased on internalAe1ternal fa+tors- (n impairment loss is re+ognised %here"er the +arrying amount of an asset
e1+eeds its re+o"era,le amount- The re+o"era,le amount is the greater of the assets* net selling pri+e and
"alue in use- In assessin+ )a!e in se# the esti%ated ftre cash f!o*s are disconted to their present )a!e
sin+ a pre'ta( discont rate that ref!ects crrent %ar,et assess%ents of the ti%e )a!e of %one" and ris,s
specific to the asset.
(fter impairment* depre+iation is pro"ided on the re"ised +arrying amount of the asset o"er its remaining useful
life-
( pre"iously re+ognised impairment loss is in+reased or re"ersed depending on +hanges in +ir+umstan+es-
?o%e"er* the +arrying "alue after re"ersal is not in+reased ,eyond the +arrying "alue that %ould ha"e pre"ailed
,y +harging usual depre+iation if there %as no impairment- The re"ersal of impairment is re+ognised in statement
of profit and !oss accont# n!ess the sa%e is carried at re)a!ed a%ont and treated as re)a!ation reser)e.
d= investments
'n"estments intended to ,e held for not more than a year from the date on %hi+h su+h in"estments are made*
are c!assified as crrent in)est%ents. <!! other in)est%ents are c!assified as !on+'ter% in)est%ents. Crrent
in)est%ents are carried at !o*er of cost and fair )a!e deter%ined on an indi)ida! in)est%ent $asis. Lon+'ter%
in"estments are +arried at +ost- ?o%e"er* pro"ision for diminution in "alue is made to re+ognise a de+line* other
than temporary* in the "alue of the in"estments-
e= Pro'i-ioning D FriteEoff of --et-
Non perfor%in+ !oans are *ritten off G pro)ided for# as per %ana+e%ent esti%ates# s$.ect to the %ini%% pro)ision
re;ired as per Non' 2an,in+ 3inancia! (Beposit <cceptin+ or Co!din+) Co%panies Prdentia! Nor%s (:eser)e
2an,) Birections# &007. Be!in;encies on assets secritisedGassi+ned are pro)ided for $ased on %ana+e%ent
estimates of the histori+al data-
Pro)ision on standard assets is %ade as per the notification BN2>.PB.CC.No.&07G 0/.0&.00& G&010'11 issed $"
:eser)e 2an, of India.
.=
Loans
Loans are stated at the a%ont ad)anced inc!din+ finance char+es accred and e(penses reco)era$!e# pto the
,alan+e sheet date as redu+ed ,y the amounts re+ei"ed and loans se+uritised-
g= Leases
)here the Compan* is the lessor
<ssets +i)en on operatin+ !eases are inc!ded in fi(ed assets. Lease inco%e is reco+nised in the state%ent
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
of profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%. Costs# inc!din+ depreciation are reco+nised as
an e(pense in the state%ent of profit and !oss. Initia! direct costs sch as !e+a! costs# $ro,era+e costs# etc. are
reco+nised i%%ediate!" in the state%ent of profit and !oss.
)here the Compan* is the lessee
Leases *here the !essor effecti)e!" retains s$stantia!!" a!! the ris,s and $enefits of o*nership of the !eased ite%s#
are c!assified as operatin+ !eases. 7peratin+ !ease pa"%ents are reco+nised as an e(pense in the state%ent of
profit and !oss on a strai+ht'!ine $asis o)er the !ease ter%.
h= <oreign currenc* translation
initial recognition
Transa+tions in foreign +urren+y entered into during the year are re+orded at the e1+hange rates pre"ailing on the
date of the transa+tion-
Conversion
7onetary assets and lia,ilities denominated in foreign +urren+y are translated in to rupees at e1+hange rate
pre"ailing on the date of the ,alan+e sheet-
&!c2nge +ifference-
(ll e1+hange differen+es are dealt %ith in+luding differen+es arising on translation settlement of monetary items in
the state%ent of profit and !oss.
)orwr+ e!c2nge contrct- entere+ into to 2e+ge foreign currenc6 ri-k of n e!i-ting --etDli9ilit6
The premium or dis+ount arising at the in+eption of for%ard e1+hange +ontra+t is amortised and re+ognised as an
e1penseAin+ome o"er the life of the +ontra+t- 51+hange differen+e on su+h +ontra+ts are re+ognised in the
statement of profit and !oss in the period in *hich the e(chan+e rates chan+e. <n" profit or !oss arisin+ on
cance!!ation or rene%al of su+h for%ard e1+hange +ontra+t is also re+ognised as in+ome or e1pense for the
period-
i= revenue recognition
:e)ene is reco+nised to the e(tent that it is pro$a$!e that the econo%ic $enefits *i!! f!o* to the co%pan" and the
re"enue +an ,e relia,ly measured-
i. Inco%e fro% financin+ acti)ities is reco+nised on the $asis of interna! rate of retrn on ti%e proportion $asis.
'n+ome from other +harges are ,oo&ed at the +ommen+ement of the +ontra+t- Ser"i+e ta1 on +hargesAfees is
+olle+ted ,y the Company as an intermediary and a++ordingly re"enue is presented on net ,asis-
ii- 'n+ome re+ognised and remaining unrealised after installments ,e+ome o"erdue for si1 months or more
in +ase of se+uredAunse+ured loans are re"ersed and are a++ounted as in+ome %hen these are a+tually
realised-
iii. <dditiona! finance char+es G additiona! interest are treated to accre on!" on rea!isation# de to ncertaint" of
realisation and are a++ounted a++ordingly-
i"- 'n+ome apportioned on se+uritisationAdire+t assignment of loan re+ei"a,les arising under premium stru+ture
is re+ognised o"er the tenure of se+urities issued ,y S4<Aagreements- 'nterest spread under par stru+ture
of se+uritisationAdire+t assignment of loan re+ei"a,les is re+ognised on realisation o"er the tenure of
the Hsecrities issed $" >P0@ G a+ree%ents. LossG1(penditre# if an"# in respect of secritisation Gdirect
assignment is re+ognised upfront-
;nrealised gain on se+uritisation +omprises of future interest re+ei"a,le under par stru+ture of se+uritisationA
assignment-
Se+uritisation deferred +onsideration re+ei"a,le +omprises of Company!s share of future interest strip
re+ei"a,les in +ase of a par stru+ture se+uritised A assigned deals-
). Interest inco%e on fi(ed depositsG%ar+in %one"# ca!! %one"# co!!aterised $orro*in+ and !endin+ o$!i+ation#
certificate of deposits# pass thro+h certificates# s$ordinate de$ts# +o)ern%ent secrities# inter coporate
deposits and treasury ,ills is re+ognised on a time proportion ,asis ta&ing into a++ount the amount
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
outstanding
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
and the rate appli+a,le- 8is+ount* if any* on go"ernment and other se+urities a+Luired as long term
in"estments is re+ognised on a time proportion ,asis o"er the tenure of the se+urities-
"i- 8i"idend is re+ognised as in+ome %hen right to re+ei"e payment is esta,lished ,y the date of ,alan+e
sheet-
)ii. ProfitG!oss on the sa!e of in)est%ents is co%pted on the $asis of *ei+hted a)era+e cost of in)est%ents and
re+ogniGed at the time of a+tual saleAredemption-
"iii- 'n+ome from operating lease is re+ogniGed as rentals* as a++rued on straight line ,asis o"er the period of the
lease-
i1- The re"enue from sale of the used +ommer+ial "ehi+les is re+ogniGed after e1e+ution of the +ontra+t to sale
and deli"ery of the "ehi+le to the ,uyer- <alue added ta1 on sale of used +ommer+ial "ehi+le is +olle+ted ,y
the +ompany as an intermediary and a++ordingly re"enue is presented on net ,asis-
1- 'n+ome from ser"i+es 9for eg- fa+ilitation fees: is re+ogniGed as per the terms of +ontra+ts on a++rual ,asis-
(i. Pre'%atre Bea!er pa"%ent discont is reco+ni-ed as per the ter%s of the a+ree%ent.
D= (etirement n+ ot2er emplo6ee 9enefit-
provident <und
<!! the e%p!o"ees of the +rop are entit!ed to recei)e $enefits nder the pro)ident fnd# a defined contri$tion p!an
in %hi+h ,oth the employee and the >roup +ontri,ute monthly at a stipulated rate- The group has no lia,ility for
ftre pro)ident fnd $enefits other than its anna! contri$tion and reco+nises sch contri$tions as an e(pense
in the period in %hi+h ser"i+e is re+ei"ed-
>ratuit*
The +rop pro)ides for the +ratit"# a defined $enefit retire%ent p!an co)erin+ a!! e%p!o"ees. The p!an pro)ides
for lump sum payments to employees upon death %hile in employment or on separation from employment after
ser)in+ for the stip!ated "ear %entioned nder HThe Pa"%ent of Aratit" <ct# 197&@. Lia$i!ities *ith re+ard to
the >ratuity 4lan are determined ,y a+tuarial "aluation at ea+h $alan+e Sheet 8ate using the 4ro2e+ted ;nit
Credit 9ethod. The +rop f!!" contri$tes a!! ascertained !ia$i!ities to The Trstees' >hrira% Transport 3inance
Company Limited 5mployees >roup >ratuity (ssuran+e S+heme- Trustees administer +ontri,utions made to the
trst and contri$tions are in)ested in a sche%e of insrance *ith the I:B< appro)ed Insrance Co%panies. The
group re+ogniGes the net o,ligation of the gratuity plan in the $alan+e Sheet as an asset or lia,ility* respe+ti"ely in
accordance *ith <>'15 H1%p!o"ee 2enefits@. <ctaria! +ains and !osses arisin+ fro% e(perience ad.st%ents and
chan+es in actaria! ass%ptions are reco+ni-ed in the >tate%ent of Profit and Loss in the period in *hich the"
arise-
Leave encashment
<cc%!ated !ea)e# *hich is e(pected to $e ti!i-ed *ithin the ne(t t*e!)e %onths# is treated as short'ter% e%p!o"ee
$enefit. The +rop %easres the e(pected cost of sch a$sences as the additiona! a%ont that it e(pects to pa"
as a result of the unused entitlement that has a++umulated at the reporting date-
The +rop treats acc%!ated !ea)e e(pected to $e carried for*ard $e"ond t*e!)e %onths# as !on+'ter% e%p!o"ee
$enefit for %easre%ent prposes. >ch !on+'ter% co%pensated a$sences are pro)ided for $ased on the actaria!
"aluation using the pro2e+ted unit +redit method at the reporting date- (+tuarial gainsALosses are immediately
ta&en to the state%ent of profit and !oss and are not deferred.
The group presents the entire lea"e as a +urrent lia,ility in the ,alan+e sheet* sin+e it does not ha"e an
un+onditional right to defer its settlement for t%el"e months after the reporting date-
-= *ncome t!
Ta1 e1pense +omprises of +urrent ta1 and deferred ta1- Current in+ome ta1 is measured at the amount e1pe+ted
to $e paid to the ta( athorities in accordance *ith the Indian Inco%e Ta( <ct# 1961. Beferred inco%e ta(es
ref!ects the impa+t of +urrent year timing differen+es ,et%een ta1a,le in+ome and a++ounting in+ome for the
period and re"ersal of timing differen+es of earlier periods- 8eferred ta1 is measured ,ased on the ta1 rates and
the ta1 la%s
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
141
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
ena+ted or su,stanti"ely ena+ted at the ,alan+e sheet date- 8eferred ta1 assets are re+ognised only to the e1tent
that there is reasona$!e certaint" that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich sch deferred
ta1 assets +an ,e realised- 'n situations %here the group has una,sor,ed depre+iation or +arry for%ard ta1
losses* all deferred ta1 assets are re+ognised only if there is "irtual +ertainty supported ,y +on"in+ing e"iden+e
that they can $e rea!ised a+ainst ftre ta(a$!e profits.
The n'reco+nised deferred ta( assets are re'assessed $" the +rop at each $a!ance sheet date and are
reco+nised to the e(tent that it has $eco%e reasona$!" certain or )irta!!" certain# as the case %a" $e that
sfficient ftre ta1a,le in+ome %ill ,e a"aila,le against %hi+h su+h deferred ta1 assets +an ,e realised-
The +arrying +ost of the deferred ta1 assets are re"ie%ed at ea+h ,alan+e sheet date- The group %rites do%n the
+arrying amount of a deferred ta1 asset to the e1tent that it is no longer reasona,ly +ertain or "irtually +ertain* as
the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e a+ainst *hich deferred ta( asset can $e
realised- (ny su+h %rite do%n is re"ersed to the e1tent that it ,e+omes reasona,ly +ertain or "irtually +ertain* as
the case %a" $e# that sfficient ftre ta(a$!e inco%e *i!! $e a)ai!a$!e.
9ini%% <!ternate Ta( (9<T) paid in a "ear is char+ed to the state%ent of profit and !oss as crrent ta(. The +rop
re+ognises 7(T +redit a"aila,le as an asset only to the e1tent that there is +on"in+ing e"iden+e that the group
*i!! pa" nor%a! inco%e ta( drin+ the specified period i.e the period for *hich 9<T credit is a!!o*ed to $e carried
for%ard- 'n the year in %hi+h the group re+ognises 7(T +redit as an asset in a++ordan+e %ith the guidan+e note
on accontin+ for credit a)ai!a$!e in respect of 9<T nder the Inco%e ta( <ct# 1961# the said asset is created $"
*a" of credit to the state%ent of profit and !oss and sho*n as D9<T credit entit!e%entE. The Arop re)ie*s the
X7(T +redit entitlementY asset at ea+h reporting date and %rites do%n the asset to the e1tent the group does not
ha)e con)incin+ e)idence that it *i!! pa" nor%a! ta( drin+ the specified period.
l= Segment reporting policies
*+entifiction of -egment-7
The group!s operating ,usinesses are organised and managed separately a++ording to the nature of produ+ts
and ser"i+es pro"ided* %ith ea+h segment representing a strategi+ ,usiness unit that offers different produ+ts and
ser"es different mar&ets- The analysis of geographi+al segments is ,ased on the areas in %hi+h ma2or operating
di"isions of the group operate-
unallocated items5
;nallo+ated items in+lude in+ome and e1penses %hi+h are not allo+ated to any reporta,le ,usiness segment-
Segment policies 5
The group prepares its segment information in +onformity %ith the a++ounting poli+ies adopted for preparing and
presentin+ the financia! state%ents of the +rop as a *ho!e.
m= earnings per share
2asic earnin+s per share is ca!c!ated $" di)idin+ the net profit or !oss for the "ear attri$ta$!e to e;it"
shareholders 9after dedu+ting attri,uta,le ta1es: ,y the %eighted a"erage num,er of eLuity shares outstanding
during the year-
3or the prpose of ca!c!atin+ di!ted earnin+s per share# the net profit or !oss for the "ear attri$ta$!e to e;it"
shareholders and the %eighted a"erage num,er of shares outstanding during the year are ad2usted for the
effe+ts of all diluti"e potential eLuity shares-
n= provisions
( pro"ision is re+ognised %hen the group has a present o,ligation as a result of past e"entJ it is pro,a,le that
otf!o* of resorces *i!! $e re;ired to sett!e the o$!i+ation# in respect of *hich a re!ia$!e esti%ate can $e %ade.
4ro"isions are not dis+ounted to its present "alue and are determined ,ased on ,est estimate reLuired to settle
the o$!i+ation at the $a!ance sheet date. These are re)ie*ed at each $a!ance sheet date and ad.sted to ref!ect
the +urrent ,est estimates-
142
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
o= 4-2 n+ c-2 e:ui'lent-
Cash and cash e;i)a!ents in the cash f!o* state%ent co%prise cash at $an, and in hand# che;es on hand#
remittan+es in transit and short term in"estments %ith an original maturity of three months or less-
p= &:uit6 -2re- n+ +e9enture- i--ue e!pen-e-
51penses in+urred on issue of eLuity shares are +harged on a straight line ,asis o"er a period of 10 years-
4u,li+ issue e1penses* other than the ,ro&erage* in+urred on issue of de,entures are +harged off on a straight
line ,asis o"er the %eighted a"erage tenor of underlying de,entures- The ,ro&erage in+urred on issue of
de,entures is treated as e1penditure in the year in %hi+h it is in+urred-
1(penses incrred for pri)ate p!ace%ent of de$entres# are char+ed to state%ent of profit and !oss in the "ear in
%hi+h they are in+urred-
:. Borro)ing costs
$orro%ing +ost in+ludes interest and e1+hange differen+es arising from foreign +urren+y ,orro%ings to the e1tent
they are regarded as an ad2ustment to the interest +ost- (n+illary and other ,orro%ing +osts are +harged to
state%ent of profit J !oss in the "ear in *hich the" are incrred.
r= emplo*ee stoc- compensation costs
'n a++ordan+e %ith the S5$' 95mployee Sto+& 3ption S+heme and 5mployee Sto+& 4ur+hase S+heme:
>uidelines*
1999 and the Aidance Note on <ccontin+ for 1%p!o"ee >hare'$ased Pa"%ents# issed $" The Institte of
Chartered (++ountants of 'ndia* the +ompensation +ost relating to employee sto+& options is measured and
re+ognised using intrinsi+ "alue method- Compensation e1pense is amortised o"er the "esting period of the
option on a straight line ,asis-
s= Contingent lia0ilities
< contin+ent !ia$i!it" is a possi$!e o$!i+ation that arises fro% past e)ents *hose e(istence *i!! $e confir%ed $"
the occrrence or non'occrrence of one or %ore ncertain ftre e)ents $e"ond the contro! of the +rop or a
present o$!i+ation that is not reco+ni-ed $ecase it is not pro$a$!e that an otf!o* of resorces *i!! $e re;ired to
settle the o,ligation- ( +ontingent lia,ility also arises in e1tremely rare +ases %here there is a lia,ility that +annot
,e re+ogniGed ,e+ause it +annot ,e measured relia,ly- The group does not re+ogniGe a +ontingent lia,ility ,ut
disc!oses its e(istence in the financia! state%ents.
as at
march 3#! (#&
3= Share CapiTaL
authorised
/97#000#000 (9arch /1# &01/M /97#000#000)
1;it" >hares of :s.10G' each /9#700.00 /9#700.00
&0#000#000 (9arch /1# &01/M &0#000#000)
Preference >hares of :s.100G' each 20*000-00 20*000-00
5'!"((=(( 53!5((=((
issued and Su0scri0ed share capital
&&6#9/6#877( 9arch /1# &01/M &&6#918#077)
e;it" shares of :s. 10G' each &E/.69 &ʳ.81
paid up (<ull* paid up)
&:uit6 .2re-
&&6#88/6 (9arch /1# &01/M &&6#86/#9/6)
e;it" shares of :s. 10G' each &ʰ.&7 &ʮ./9
!$%%=" !$%$=3'
48#000 e;it" shares of :s.10G' each (:s 5G' each paid p forfeited) 2-40 2-40
Total !$'(=$" !$%%="'
(econcilition of t2e e:uit6 -2re- out-tn+ing t t2e
0eginning and at end o. reporting period=
Shares outstanding at the ,eginning of the year
as at march 3#! (#& as at march 3#! (#3
num0ers
o. shares
&&6#86/#9/6
rs=
in lacs
&ʮ./9
num0ers
o. shares
&&6#/00#568
rs=
in lacs
&/0.06
Issed drin+ the "ear ' 1%p!o"ee stoc, option sche%e
R:efer Note &6S 18#800 1.88 6Ǵ 6.&5
'ssued on a++ount of merger of Shriram ?oldings
(9adras) Pri)ate Li%ited R:efer Note /4S ' ' 500#868 50.08
Shares outstanding at the end o. the *ear $!%%!"3$ !$%%=" $!%$3!'3$ !$%$=3'
143
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
a=
0= Term-Drig2t- ttc2e+ to e:uit6 -2re-
The co%pan" has on!" one c!ass of e;it" shares ha)in+ a par )a!e of :s. 10G' per share. 1ach ho!der of e;it"
shares is entitled to one "ote per share- The di"idend is su,2e+t to the appro"al of the shareholders in the ensuing
annual general meeting-
8uring the year ended 7ar+h 31* 2014* the amount of per eLuity share di"idend re+ogniGed as distri,utions to eLuity
shareho!ders *as :s. 7.00 ( 9arch /1# &01/ M :s. 7.00). 7t of the tota! di)idend dec!ared drin+ the "ear ended
9arch /1# &014# a%ont of interi% di)idend paid *as :s. /.00 per e;it" share ( 9arch /1# &01/M :s. /.00) and
a%ont of fina! di)idend proposed *as :s. 4.00 per e;it" share ( 9arch /1# &01/M :s. 4.00).
'n the e"ent of liLuidation of the +ompany* the holders of eLuity shares %ill ,e entitled to re+ei"e remaining assets of
the +ompany* after distri,ution of all preferential amounts- The distri,ution %ill ,e in proportion to the num,er of
eLuity shares held ,y the shareholders-
c=
Shares reserved .or issue under options
The Co%pan" has reser)ed Ni! (9arch /1# &01/M 18#800) e;it" shares for isse nder e%p!o"ee stoc, option sche%e
&005. Brin+ the "ear ended 9arch /1# &014# 18#800 e;it" shares *ere )ested and e(ercised.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
144
Shriram Transport Finan+e Company Limited
d= $ggregte num9er of e:uit6 -2re- i--ue+ for con-i+ertion ot2er t2n c-2 +uring t2e perio+ of fi'e
*ears immediatel* preceeding the reporting date5
The co%pan" has issed tota! /#71ȸ e;it" shares (9arch /1# &01/ M 4#069#968) drin+ the period of fi)e "ears
immediately pre+eding the reporting date on e1er+ise of options granted under the employee sto+& option plan
95S34: *herein part consideration *as recei)ed in for% of e%p!o"ee ser)ice# and inc!des 500#868 e;it" shares
issed on a++ount of merger of Shriram ?oldings 97adras: 4ri"ate Limited as per note 9f: gi"en ,elo%-
e= ,etil- of -2re2ol+er- 2ol+ing more t2n 53 e:uit6 -2re- in t2e compn6
details o. shareholding as at march 3#! (#& as at march 3#! (#3
name o. the Shareholder
num0er o.
Shares
8 holding
in the
class
num0er o.
Shares
8 holding
in the
class
&:uit6 -2re- of (-. 10DE ec2
Shriram Capital Limited 59#10/#16& &6.054 58#50̊ &5.794
Ne*$rid+e India In)est%ent II Li%ited ' ' &͏#468 10.074
4?L Capital 4ri"ate Limited &ɘ#000 9.964 ' '
>enesis 'ndian 'n"estment Company Limited 1/#648#064 6.0&4 1/#9&6#&56 6.144
(s per the re+ords of the Company* in+luding its register of shareholdersAmem,ers* the a,o"e shareholding
represents legal o%nerships of shares-
.= The ?on!,le 7adras ?igh Court san+tioned the S+heme of (rrangement for merger of Shriram ?oldings 97adras:
Pri)ate Li%ited (>C9PL) *ith the Co%pan"( Hthe >che%e@) and the >che%e ca%e into effect fro% No)e%$er
05#&01& *hen the Co%pan" fi!ed the >che%e *ith the :e+istrar of Co%panies# Ta%i! Nad# Chennai. Prsant
to the >che%e# the in)est%ent of >C9PL in the share capita! of the Co%pan" )i-. 9/#/71#51& f!!" paid'p 1;it"
shares of :s.10G' each stood cance!!ed and the Co%pan" issed and a!!otted 9/#87&#/80 ne* 1;it" shares of :s.
10G' each f!!" paid'p to the shareho!ders of >C9PL. This res!ted into increase of :s. 50.09 !acs in the paid'p
capita! of the Co%pan" *ith effect fro% No)e%$er 05# &01&. The %er+er is effecti)e fro% <pri! 01# &01& and the
effect of the sa%e is considered in the financia! state%ents for the "ear ended 9arch /1# &01/.
as at
march 3#! (#&
&= reSer?eS and SurpLuS
Capital reserve
$alan+e as per last a++ount ˹.8/ 17.0/
<ddM 7n accont of %er+er of >hrira% Co!din+s (9adras) Pri)ate
Li%ited R:efer Note /4S ' ˨.80
Closing 0alance !"$#=%3 !"$#=%3
Capital redemption reserve 5!3%%=35 5!3%%=35
Securities premium account
$alan+e as per last a++ount 175#44&./6 175#/&&.0&
<ddM <ddition on 1>7Ps e(ercised 4.70 15.6&
<ddM Transferred fro% stoc, options otstandin+ 34-00 104.7&
Closing 0alance #"5!&%#=($ #"5!&&=3$
de0enture redemption reserve
$alan+e as per last a++ount /0#180.0/ 5/6.1&
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 19#/70.76 15#815.&6
LessM Transfer to state%ent of Profit and Loss on accont of
redemption (8#&15./5) (&/#461.58)
LessM Transfer to state%ent of Profit and Loss on accont of re)ised
guidelines P ' (14#/09.77)
Closing 0alance &#!335=&& 3(!#%(=(3
Stoc- option outstanding
5mployee sto+& option outstanding 114.75 34-00
Less M Beferred e%p!o"ee co%pensation otstandin+ (104.51) (0.90)
Closing 0alance #(=& 33=#(
other reserves
Statutor* reserve pursuant to Section &5,iC o. The rBi act! #'3&
$alan+e as per last a++ount 1/7.44 10&#&55.44
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss &7#800.00 &9#800.00
Closing 0alance #5'!%55=&& #3!(55=&&
>eneral reserve
$alan+e as per last a++ount 65#15/.6/ 51#15/.6/
<ddM Transfer fro% srp!s $a!ance in the state%ent of profit and !oss 13*000-00 14*000-00
Closing 0alance "%!#53=$3 $5!#53=$3
.urplu- in -ttement of Profit n+ =o--
$alan+e as per last a++ount /00#08/.&1 194#088.1/
<ddM Profit for the crrent "ear 1/5#79/.7/ 146#/88.77
<ddM 1(cess pro)ision *ritten $ac, ' ta( on di)idend ' 0-41
Less5 appropriations
Transfer to stattor" reser)e as per >ection 45'IC of
The :2I <ct# 19/4 (&7#800.00) (&9#800.00)
Transfer to general reser"e 913*000-00: 914*000-00:
Transfer toAfrom de,enture redemption reser"e (11#155.41) &1#956.09
Interi% di)idend Ra%ont per share :s./.00
(9arch /1# &01/M :s. /.00)S (6#806.48) (6#8&5.68)
Ta1 on interim di"idend (1#156./4) (1#107./0)
Proposed fina! di)idend Ra%ont per share :s. 4.00
(9arch /1# &01/M :s. 4.00)S (9#075./1) (9#074.56)
Ta1 on proposed di"idend (1#54&./5) (1#54&.&&)
Total appropriations ("(!535=%') (&(!3'3=$")
%et -urplu- -ttement of Profit n+ =o-- 3$5!3&#=(5 3((!(%3=$&
Total reserves and surplus %%!3"=(& "##!('%=3%
145
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at
march 3#! (#3
P <s per Aenera! circ!ar no 04G&01/ dated 3e$rar" 11# &01/ issed $" 9inistr" of Corporate <ffairs# Be$entre
:ede%ption :eser)e re;ired to %aintained is re)ised to &54 fro% 504 # hence# the e(cess a%ont has $een
transferred $ac, to the state%ent of Profit and Loss for the "ear ended 9arch /1# &01/.
14
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturitiesE
non,current
portion
Current
maturitiesE
5= Lon> Term Borro)in>S
Su,ordinated de,ts 9;nse+ured: 411#67/./1 50#441.7& /&7#509.6/ 54#&67.15
redeema0le non,converti0le de0entures
Se+ured 894#/&0.18 458#&17.08 886#877.87 /57#691.41
LessM ?na%ortised discont (145.65) (1#194.0&) 92*120-34: (&#&84.0/)
%'&!#"&=53 &5"!(3=($ %%&!"5"=53 355!&("=3%
;nse+ured –.00 79#580.00 81#7/0.00 47#/80.00
LessM ?na%ortised discont ' (110.08) (110.08) (784.49)
!#5(=(( "'!&$'=' %#!$#'=' &$!5'5=5#
Term loans .rom 0an-s
;nse+ured 10*000-00 ' 10*000-00 10*000-00
Se+ured 8&0#077.97 46/#71/.06 577#7&1.57 /14#599.&4
Fi1ed deposits 9;nse+ured: 19ƚ.45 /8#011.76 68#&&0.0& 66#418.&8
Term lon- from finncil in-titution- D corporte-
Se+ured 65#700.00 /8#800.00 54#500.00 &7#000.00
Loans and advances .rom related parties
Su,ordinated de,ts 9;nse+ured:
from (sso+iate ' ' ' 413-40
fro% :e!ati)e of 9ana+in+ Birector 1-10 ' 0-30 '
:edee%a$!e non'con)erti$!e de$entres (>ecred)
from (sso+iate ' ' /.60 2-40
from 7anaging 8ire+tor 4./8 ' ' '
fro% :e!ati)e of 9ana+in+ Birector 14.47 1./9 4.88 2-21
Fi1ed deposits 9;nse+ured:
fro% :e!ati)e of 9ana+in+ Birector &.09 ' ' 1-02
Total !3'$!(%=3( #!#"!&$(='# !((&!33"=&5 %"&!"($=5'
P<%ont disc!osed nder the Note 6 7ther crrent !ia$i!ities
14B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
a) Su0ordinated de0t , unsecured
i) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 100,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 ' ' #3!"$'=((
48'60 %onths ' ' 4#541.00 ' &!5&#=((
&4'/6 %onths ' 5#000.00 ' ' 5!(((=((
1&'&4 %onths ' &5#577.00 ' ' 5!5""=((
Total , &&!3&$=(( &!5&#=(( , &%!%%"=((
Current maturit*
upto # months , #5!(((=(( 5!5((=(( , (!5((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 1/#769.00 4#541.00 ' #%!3#(=((
/6'48 %onths ' 5#000.00 ' ' 5!(((=((
&4'/6 %onths ' &5#577.00 ' ' 5!5""=((
1&'&4 %onths ' 15#000.00 5#500.00 ' (!5((=((
Total , 5'!3&$=(( #(!(&#=(( , $'!3%"=((
Current maturit*
upto # months , , #(!5#(=(( , #(!5#(=((
ii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 116#710.00 5#000.00 ' ##!"#(=((
48'60 %onths Ǵ.00 &5#6/0.00 6#670.00 ' 3&!%((=((
/6'48 %onths ' &5#500.00 ' ' 5!5((=((
&4'/6 %onths ' 5#000.00 Ǵ.00 ' "!5((=((
1&'&4 %onths ' /5#000.00 ' ' 35!(((=((
Total !5((=(( ("!%&(=(( #&!#"(=(( , &!5#(=((
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 100#890.00 11#670.00 ' ##!5$(=((
48'60 %onths ' &5#500.00 ' ' 5!5((=((
/6'48 %onths ' 5#000.00 Ǵ.00 ' "!5((=((
&4'/6 %onths ' /5#000.00 ' ' 35!(((=((
Total , #$$!3'(=(( #&!#"(=(( , #%(!5$(=((
Current maturit*
upto # months , #5!(((=(( , , #5!(((=((
14D
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
iii) Pri'tel6 plce+ -u9or+inte+ +e9t- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
Total
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths ' 65#695.1& ' ' $5!$'5=#
48'60 %onths 5.40 47#109.&9 ' ' &"!##&=$'
/6'48 %onths 1#481.88 6#589.06 ' ' %!("(='&
&4'/6 %onths 46.99 /#487.45 ' ' 3!53&=&&
1&'&4 %onths ' 5#551.41 0.50 ' 5!55#='#
Total #!53&=" #%!&3=33 (=5( , #'!'$"=#(
Current maturit*
upto # months , %!(3%=3" #!'(3=35 , '!'&#="
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par
9from the date of the $alan+e Sheet:
(:s. in !acs)
Total
rate o. interest
F#(8
GH#(8
F#8
GH#8
F#&8
GH #&8
amount amount amount amount amount
7)er 60 %onths 5.40 &”.&1 ' ' !#53=$#
48'60 %onths 1#481.88 6#589.06 ' ' %!("(='&
/6'48 %onths 46.99 /#487.45 ' ' 3!53&=&&
&4'/6 %onths ' 5#551.41 0.50 ' 5!55#='#
1&'&4 %onths ' 8#0/8./7 &1#90/./5 ' '!'&#="
Total #!53&=" &5!%#&=5( #!'(3=%5 , $'!5=$
Current maturit*
upto # months , !&((=3" $!""(=#% , '!#"(=55
Total Su0ordinated de0ts
(:s. in !acs)
as at march 3#! (#3
as at march 3#! (#&
non,current
portion
Current
maturities
non,current Current
portion maturities
4ri"ately pla+ed 9iIiiIiii: 40/#/64.10 50#441.7& /19#199.6& 54#680.55
4u,li+ issue 9i": 8#/10./1 ' 8#/10./1 '
Total Su0ordinated de0ts &##!$"&=&# 5(!&&#=" 3"!5('='3 5&!$%(=55
LessM issed to re!ated parties 1-10 ' 0-30 413-40
Total &##!$"3=3# 5(!&&#="
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
14#
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
5= Lon> Term Borro)in>S (Contd=)
iv) Pu9lic i--ue of -u9or+inte+ +e9t of (-. 1,000DE ec2 (2010)E:uote+
Long term 0orro)ing
option detail
(:s. in !acs)
rate o.
interest
as at march
3#! (#&
as at march redeema0le
3#! (#3 at par on
7ption 'I0 10-41H 91.00 91.00 1'In'17
10.814 1#687.00 1#687.00 1'9ar'17
11.&54 /#746.08 /#746.08 1'Bec'16
7ption '0 10.&54 110-30 110-30 1'In'17
10.754 204-32 204-32 1'In'17
11-00H Ǘ.61 Ǘ.61 1'In'17
Total %!3#(=3# %!3#(=3#
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/
3"!5('=$3 5&!$"=#5
B) non,converti0le de0enture (nCd),Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par 9from the
date of the $alan+e Sheet:
rate o. interest
F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total E
amount amount amount amount amount amount
48'60 %onths ' 1#978.// ' ' ' #!'"%=33
/6'48 %onths ' 9#/85.75 9/9.5& ' ' #(!35="
&4'/6 %onths 1.84 47#445.47 719.40 0.88 ' &%!#$"=5'
1&'&4 %onths Ɉ.05 1/7#415.90 ' 79&.9& ' #&(!"'=%"
Total !5%5=%' #'$!5=&5 #!$5%=' "'3=%( , (#!$&=($
Current maturit*
upto # months %!"3$=#% #((!(#&=#& $=&( 3##=%( , #('!($%=5
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
150
Shriram Transport Finan+e Company Limited
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
redeema0le at par 9from the
date of the $alan+e Sheet:
(:s. in !acs)
rate o. interest
F #(8
GH #(8
F #8
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total
amount amount amount amount amount amount
48'60 %onths ' 8#61/.59 9/9.5& ' ' '!553=##
/6'48 %onths 1.84 6#5/4.46 719.88 0.88 ' "!5"=($
&4'/6 %onths 1#669.55 1/6#8/&.48 ' 79&.9& ' #3'!'&='5
1&'&4 %onths /#6/7.90 100#19&.44 6.40 /11.80 ' #(&!#&%=5&
Total 5!3('=' 5!#"='" #!$$5=%( #!#(5=$( , $(!53=$$
Current maturit*
upto # months &$!"3"="' '!#('=3# #!5%=%' %=3 (=&% ""!"#="'
nature o. securit*
Se+ured ,y eLuita,le mortgage of immo"a,le property- Further se+ured ,y +harge on plant and ma+hinery*
frnitre and other fi(ed assets of the Co%pan"# char+e on Co%pan"@s h"pothecation !oans# other !oans#
ad"an+es and in"estments of the Company su,2e+t to prior +harges +reated or to ,e +reated in fa"our of the
Co%pan"@s $an,ers# financia! instittions and others.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
P <%ont pertains to de$entres issed prior to notification of the :2I Circ!ar BN2B(PB) CC No.
//0G0/.10.001G&01&'1/ dated Ine &7# &01/.
(ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= #&5=$5 lacs)
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8I
GH #(8 F
#8 EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
7)er 60 %onths 5#960.00 1&0#9&0.00 ' ' ' #$!%%(=((
48'60 %onths 1#500.00 17#500.00 ' ' ' #'!(((=((
/6'48 %onthsU /#800.00 76#000.00 ' ' ' "'!%((=((
&4'/6 %onthsPUV 7#750.00 1&/#805.00 ' ' ' #3#!555=((
1&'&4 %onthsU 6#600.00 4/#800.00 ' ' ' 5(!&((=((
Total 5!$#(=(( 3%!(5=(( , , , &("!$35=((
P Inc!des & NCBs of :s. 6&5.00 !acs each part!" paid to the e(tent of :s. 50#000G'
UNCBs a%ontin+ to :s. 4#700.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
151
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.604 6&5.00 1&'<+'16
Total $5=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= #!#'&=( lacs )
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8IJ
GH #(8 F
#8EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsEIJ $"!##(=(( &$!3$5=(( , , , 3#3!&"5=((
P Inc!des 1 NCB of :s. 6&5.00 !acs part!" paid to the e(tent of :s. 50#000G'.
UNCBs a%ontin+ to :s. &&#/50.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
2
3
4
5
6
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.504 6&5.00 1/'<+'14
10-00H 15#000.00 6'<+'14
10-30H 20*000-00 &0'I!'14
9./54 15#000.00 &/'In'14
9./54 5#000.00 &/'In'14
9.754 Ǵ.00 &5'<pr'14
Total 5%!#5=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= !#(=3& lacs )
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8I
GH #(8 F
#8 EIJ
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
48'60 %onths PU /#800.00 76#000.00 ' ' ' "'!%((=((
/6'48 %onthsUV 750.00 /8#1&5.00 ' ' ' 3%!%"5=((
&4'/6 %onthsU 47#100.00 7Ʉ.00 ' ' ' ##'!$%(=((
1&'&4 %onthsUV /9#010.00 168#585.00 ' ' ' ("!5'5=((
Total '(!$$(=(( 355!'(=(( , , , &&5!'5(=((
P Inc!des & NCBs of :s. 6&5.00 !acs each part!" paid to the e(tent of :s. 50#000G'.
UNCBs a%ontin+ to :s. &5#550.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
152
Shriram Transport Finan+e Company Limited
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
10.604 6&5.00 1&'<+'16
10.504 6&5.00 1/'<+'14
10-30H 20*000-00 &0'I!'14
Total #!5(=((
Current maturit* (gross o. unamortised discount on de0enture o. rs= !%&=(3 lacs)
redeema0le at par 9from the
date of the $alan+e Sheet:
(:s. in !acs)
rate o. interest
F #(8IJ
GH #(8
F #8I
GH #8
F #&8
GH #&8
F #$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsIJ #'!5#(=(( #%"!##(=(( 3#!(((=(( , , 3"!$(=((
UNCBs a%ontin+ to :s. 19#410.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded
in a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1
2
3
4
5
6
10-30H 31*000-00 6'Ian'14
9.&04 30*000-00 &4'In'1/
9.004 20*000-00 &'9a"'1/
10-00H 15#000.00 &5'<pr'1/
9.754 18#000.00 6'<+'1/
10.5/4 20*000-00 &7'9ar'14
Total #3&!(((=((
nature o. Securit*
>ecred >ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
iii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &014
Current maturit*
(e+eem9le t prDpremium
9from the date of the $alan+e
Sheet:
(:s. in !acs)
rate o. interest
F #(8
GH #(8 F
#8E
GH #8 F
#&8
GH #&8 F
#$8 GH #$8 Total
amount amount amount amount amount amount
upto # monthsE , #!$((=(( , , , #!$((=((
PPart!" paid to the e(tent of :s. 100#000G'
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and
at par on Call option
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
&6'<+'14 '
7ption 'I
7ption 'II
11-00H ' 1#464.79
11.&54 ' &80.18
11.&54 ' 1#096.49
11.504 ' /78.4/
,
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
&6'<+'14 '
&6'<+'14 '
&6'<+'1/ '
&6'<+'1/ '
1'7ct'1/ '
&6'<+'14 '
1'7ct'1/ '
&6'<+'14 '
7ption 'I
7ption 'II
7ption 'III
7ption 'I0
11-00H 1#484.6& '
11.&54 &60./6 '
11-00H ' 	&9.58
11.&54 ' 560./6
11.&54 1*123-20 '
11.504 /51.7& '
11.&54 ' &.99
11.504 ' 756.85
11-03H ' 10#4&&.51
11-03H 7#508.65 '
11-00H ' &#&74.1&
11-00H 999.10 '
##!""=$&
153
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing( gross o. unamortised discount on de0enture o. rs= nil)
Lon+ ter% $orro*in+ is :s. Ni! as on 9arch /1# &01/
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &01/
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
iv) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2 (200#)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
3!#'=%'
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total
#'!#3$=&
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 9.004 1#4&4.68 ' 1'In'15 '
9.504 /#918.55 ' 1'In'15 '
9.754 1#160.60 ' 1'In'15 '
10-00H &/1.60 ' 1'In'15 '
3ption .'' 9.504 897.0/ 897.0/ 1'In'17 1'In'15
10-00H 8/&.&0 8/&.&0 1'In'17 1'In'15
10.&54 /#80&.59 /#741.65 1'In'17 1'In'15
10.504 7&&.54 78/.48 1'In'17 1'In'15
3ption .''' 9.754 808.45 808.45 1'In'15 '
10.&54 785.68 785.68 1'In'15 '
10.504 1#756.76 1#717.7/ 1'In'15 '
10.754 /85.&8 424-31 1'In'15 '
9.754 ' 1#616.90 1'In'14 '
10.&54 ' 1#571./6 1'In'14 '
10.504 ' /#4/5.46 1'In'14 '
10.754 ' 848.6& 1'In'14 '
#$!"5='$
5= Lon> Term Borro)in>S (Contd=)
nature o. securit*
Se+ured $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
The fnds raised fro% the p$!ic isse of 9#999#996 secred NCB a++re+atin+ to :s. 99#999.96 !acs ha)e $een
ti!ised# after %eetin+ the e(penditre of and re!ated to the p$!ic isse# for )arios financin+ acti)ities of the
Company in+luding lending* in"estments and repayment of ,orro%ings-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
The Co%pan" has $o+ht $ac, NCBs of :s. 4#&15.&/ !acs on 1&'9arch'&010 and :s. /#000.00 !acs on &7'
9arch'&01&# :s. &/#505.&6 !acs on &8'9arch'&01& and as per the ter%s of the isse :s. 46#9&/.16 !acs and :s.
6#4/9.79 !acs *ere redee%ed on &6'<+st'&01& and &6'<+st'&01/ respecti)e!".
Pt options *ere e(ercised for option III and I0 on &6'<+st'&01/ and :s. [/.86 !acs and :s. 1#&75.0& !acs
respecti)e!" *ere paid on 1'7cto$er'&01/ in co%p!iance *ith the ter%s of isse.
v) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2010)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
#"!&$=%"
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 9.004 ' /#/98.67 1'In'15 1'In'1/
9.504 ' 10#495.95 1'In'15 1'In'1/
9.754 ' 1#496.49 1'In'15 1'In'1/
10-00H ' /6/./6 1'In'15 1'In'1/
3ption .''' 9.754 ' 1#616.90 1'In'1/ '
10.&54 ' 1#571./6 1'In'1/ '
10.504 ' /#4/5.46 1'In'1/ '
10.754 ' 848.6& 1'In'1/ '
9.754 1#616.90 ' 1'In'14 '
10.&54 1#571./6 ' 1'In'14 '
10.504 /#51/.5& ' 1'In'14 '
10.754 770.56 ' 1'In'14 '
"!&"=3&
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
7ption 'I 11.604 5/#470.8/ 5/#470.8/ 11'I!'16 1&'I!'15
11./54 &4#/1/.78 &4#/1/.78 11'I!'16 1&'I!'15
11-10H 7#/40./6 7#/40./6 11'I!'16 1&'I!'15
3ption .'' 11./54 ' /#46&.05 11'I!'14 '
11-10H ' /#17/.19 11'I!'14 '
11-00H ' 8#&/9.7& 11'I!'14 '
%5!#&='"
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total
nature o. securit*
3!$=%#
Se+ured $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e
mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 41#689.68 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
The Co%pan" has $o+ht $ac, NCBs of :s. 1#000.00 !acs on 14'I!"'&011 and as per the ter%s of the isse
:s. 7#47&./4 !acs *ere redee%ed on 1'Ine'&01/.
Pt options *ere e(ercised for option I on 1'Ine'&01/ and :s. 9#019.04 !acs *ere paid on 5'I!"'&01/ in
+omplian+e %ith the terms of issue-
vi) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2011)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
''!'''='3
rate o.
option detail interest
as at march
3#! (#&
as at march redeema0le put and Call
3#! (#3 at par on option
3ption .'' 11./54 /#46&.05 ' 11'I!'14 '
11-10H /#17/.19 ' 11'I!'14 '
11-00H 8#&/9.7& ' 11'I!'14 '
#&!%"&='$
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
9'<+'15 '
9'<+'15 '
9'<+'17 '
9'<+'17 '
9'<+'15 '
9'<+'15 '
9'<+'17 '
9'<+'17 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
11.154 8#569.&8 8#518.9&
10.&54 14#894.88 14#945.&4
11-40H 13*423-10 14#&/6.98
10.504 1̔.11 11#974.&/
11.154 /#7&5.06 /#7/8.41
10.&54 161.04 147.69
11-40H 6#/15.11 6#/56.94
10.504 123-42 81.59
$(!(((=((
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment
Current maturit*
(:s. in !acs)
Total ,
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 99#999.9/ !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
>$.ect to the pro)isions of The Co%panies <ct# 1956# *here the co%pan" has f!!" redee%ed or reprchased
an" >ecred NCB(s)# the co%pan" sha!! ha)e the ri+ht to ,eep sch >ecred NCBs in effect *ithot
e(tin+ish%ent thereof* for the purpose of resale or reissue-
vii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2012)
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total
$(!(((=((
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 60#000G' !acs raised fro% p$!ic isse (net off e(penses) to*ards
asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms
and +onditions as may ,e de+ided ,y the Company-
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
1'<+'16 '
1'<+'16 '
/1'I!'17 '
/1'I!'17 '
/1'I!'18 '
/1'I!'18 '
/1'I!'18 '
/1'I!'18 '
1'<+'16 '
1'<+'16 '
/1'I!'17 '
/1'I!'17 '
/1'I!'18 '
/1'I!'18 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
3ption .<
10.904 1&9.17 '
9.654 1/#568.&0 '
11.154 11#586.&& '
9.804 /#/56.06 '
11.154 11#586.&& '
9.804 /#/56.07 '
10.6/4 5#797./0 '
9.404 104-42 '
10.904 6#075.57 '
9.654 4/.60 '
11.154 /7.50 '
9.804 5.61 '
11.154 /7.50 '
9.804 5.60 '
"3!5%'=(&
rate o.
option detail interest
as at march
3#! (#&
as at march
3#! (#3
redeema0le put and Call
at par on option
&4'7ct'16 '
&4'7ct'16 '
&4'7ct'18 '
&4'7ct'18 '
&4'7ct'&0 '
&4'7ct'&0 '
&4'7ct'16 '
&4'7ct'16 '
&4'7ct'18 '
&4'7ct'18 '
&4'7ct'&0 '
&4'7ct'&0 '
7ption 'I
3ption .''
3ption .'''
3ption .'<
3ption .<
3ption .<'
11.&54 7#76&.6/ '
10.754 19#/7/.&1 '
11.504 /#164.51 '
10.754 7#489.01 '
11.754 4#7/4.&6 '
10.754 /#0&/.&9 '
11.&54 &#&5/.65 '
10.754 11.95 '
11.504 809.97 '
10.754 5.00 '
11.754 1#/70.4& '
10.754 2-10 '
5(!(((=((
5= Lon> Term Borro)in>S (Contd=)
viii) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2013)E1
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total , ,
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 7/#589.04 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the
terms and +onditions as may ,e de+ided ,y the Company-
i!) Pu9lic i--ue of re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000DE ec2E(2013)E2
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Total ,
5= Lon> Term Borro)in>S (Contd=)
Current maturit*
Crrent %atrit" is :s. Ni! as on 9arch /1# &014 and 9arch /1# &01/.
nature o. securit*
>ecred $" specific assets co)ered nder h"pothecation !oan a+ree%ents and $" *a" of e(c!si)e char+e and
eLuita,le mortgage of immo"a,le property-
The Co%pan" has ti!ised the entire s% of :s. 50#000.00 !acs raised fro% p$!ic isse (net off e(penses)
to*ards asset financin+ acti)ities as per the o$.ects stated in the prospects for the isse.
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the
terms and +onditions as may ,e de+ided ,y the Company-
Total non,converti0le
de0entures , secured
(:s. in !acs)
as at march 3#! (#3
as at march 3#! (#&
non,current
portion
Current
maturities
non,current
portion
Current
maturities
4ri"ately pla+ed 9iIiiIiii: 608#899.06 4&4#14/.5& 706#&0/.65 /15#//&.79
4u,li+ issue 9i"I"I"iI"iiI"iiiIi1: &85#4/9.97 /4#074.95 180#68&.70 4&#/6/.&/
Total non,converti0le de0entures,
secured
%'&!33'=(3 &5%!#%=&" %%$!%%$=35 35"!$'$=(
LessM issed to re!ated parties 18.85 1./9 8.48 4.61
Total %'&!3(=#% &5%!#"=(% %%$!%""=%" 35"!$'#=&#
C= redeema0le non,converti0le de0entures (nCd) , unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= nil)
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8I GH#(8 F#8I Total
amount amount amount
1&'&4 %onthsU ' –.00 !#5(=((
Total , !#5(=(( !#5(=((
UNCBs a%ontin+ to :s. –.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
Terms o. repa*ment as on march 3#! (#&
Current maturit* (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs )
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F#(8IJ GH#(8 F#8IJ Total
amount amount amount
pto 1& %onthsUV &ˮ.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5$!%3(=(( "'!5%(=((
UNCBs a%ontin+ to :s. &/#170.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
5= Lon> Term Borro)in>S (Contd=)
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
Sr n o
1
(:s. in !acs)
PutD4ll option +te
rate o. interest amount
10.074 &5#000.00 /0'<pr'14
Total 5!(((=((
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing (gross o. unamortised discount on de0enture o. rs= ##(=(% lacs )
(:s. in !acs)
(e+eem9le t prDpremium
9from the date of the $alan+e Sheet:
rate o. interest
F#(8I GH#(8 F#8J Total
amount amount amount
&4'/6 %onthsU ' –.00 !#5(=((
1&'&4 %onthsUV &ˮ.00 56#8/0.00 "'!5%(=((
Total !"5(=(( 5%!'%(=(( %#!"3(=((
UNCBs a%ontin+ to :s. &5#/&0.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 10.074 &5#000.00 1'9a"'1/
Total 5!(((=((
Terms o. repa*ment as on march 3#! (#3
Current maturit* (gross o. unamortised discount on de0enture o. rs= "%&=&' lacs)
(:s. in !acs)
(e+eem9le t prDpremium
9from the date of the $alan+e Sheet:
rate o. interest
F#(8IJ GH#(8 F#8I Total
amount amount amount
pto 1& %onthsUV &&#&80.00 &5#100.00 &"!3%(=((
Total !%(=(( 5!#((=(( &"!3%(=((
UNCBs a%ontin+ to :s. &7#900.00 !acs issed at -ero copon rates and redee%a$!e at pre%i% are inc!ded in
a$o)e on the $asis of I::.
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no rate o. interest amount
PutD4ll option +te
1 9.594 20*000-00 &4'9ar'14
Total (!(((=((
5= Lon> Term Borro)in>S (Contd=)
d= Term loan .rom 0an-, unsecured
as at march 3#! (#&
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H $ullet 10*000-00 '
Total #(!(((=(( ,
as at march 3#! (#3
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 14-00H $ullet 10*000-00 '
;pto 12 months 10-00H $ullet ' 10*000-00
Total #(!(((=(( #(!(((=((
e= Term loans .rom Ban-s ,Secured
as at march 3#! (#&
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
10.504 to
11-20H
10 to 48 insta!!%ents of %onth!"#
Luarterly and half yearly freLuen+y
1//#988.69 /4#500.00
/6'48 %onths
10./54 to
11.&54
5 to 48 insta!!%ents of %onth!"#
Luarterly* half yearly and yearly
freLuen+y
/&:&.86 1&1#668.67
&4'/6 %onths
10-00H to
11.754
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
&80#099.49 150#1/0.96
1&'&4 %onths (P refer
se+urity details:
9.004 to
1&.&54
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
8/#406.9/ 74#/69./4
;pto 12 months
9.754 to
1&.754
1 to 48 insta!!%ents of $!!et#
monthly and Luarterly freLuen+y
' 8/#044.09
Total %(!(""='" &$3!"#3=($
(:s. in !acs)
nature o. Securit*
as at march 3#! (#&
a: Pin+ludes se+ured ,y hypothe+ation of "ehi+les for o%n use &.91
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
1#&8/#788.1&
Total #!%3!"'#=(3
5= Lon> Term Borro)in>S (Contd=)
as at march 3#! (#3
Terms o. repa*ment
Long term 0orro)ing
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths 10./54 to
10.754
5 to &0 insta!!%ents of ;arter!" and
yearly freLuen+y
1/8#999.95 /6#000.00
/6'48 %onths
10./54 to
11.754
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
&/5#1&&.58 81#607.14
&4'/6 %onths (P refer
se+urity details:
9.004 to
1&.504
1 to 60 insta!!%ents of $!!et#
monthly* Luarterly and half yearly
freLuen+y
1&4#187.&9 45#4/5.99
1&'&4 %onths
9.504 to
13-00H
1 to 48 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
79#411.75 /5#701.00
;pto 12 months
9.004 to
1/.754
1 to 48 insta!!%ents of $!!et#
monthly* Luarterly* half yearly and
yearly freLuen+y
' 115#855.11
Total 5""!"#=5" 3#&!5''=&
(:s. in !acs)
nature o. Securit*
as at march 3#! (#3
a: Pin+ludes se+ured ,y hypothe+ation of "ehi+les for o%n use 5.18
,: >ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets
$ein+ fi(ed G crrent assets re!atin+ to h"pothecation !oans
89&#/15.6/
Total %'!3(=%#
<=
)i!e+ +epo-it-E Jn-ecure+ E(efer %ote 28
Terms o. repa*ment as on march 3#! (#&
Long term 0orro)ing
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 9#075.19 '!("5=#'
/6'48 %onths ' 5#968.1/ 5!'$%=#3
&4'/6 %onths 0-02 1/4#1&5.09 #3&!#5=##
1&'&4 %onths 14#/&5.65 &8#918.46 &3!&&=##
Total #&!35=$" #"%!(%$=%" #'!&#=5&
Current maturit*
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
upto # months #'!5(=$ #%!5('=#& 3%!(##="$
Totl )i!e+ +epo-it-
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current Current
portion maturities
Total Fi1ed deposits 19)&.54 /8#011.76 68#&&0.0& 66#419./0
LessM issed to re!ated parties &.09 ' ' 1-02
Total #'!&#(=&5 3%!(##="$
5= Lon> Term Borro)in>S (Contd=)
Terms o. repa*ment as on march 3#! (#3
Long term 0orro)ing
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
48'60 %onths ' 4#4&4.7& &!&&="
/6'48 %onths ' 5#711.40 5!"##=&(
&4'/6 %onths 7#678.5/ &8#948.08 3$!$$=$#
1&'&4 %onths ʬ.84 18#77&.45 #!&5"='
Total #(!3$3=3" 5"!%5$=$5 $%!(=(
Current maturit*
(:s. in !acs)
redeema0le at par
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH #(8 F #8 Total
amount amount amount
upto # months 55!((5=' ##!&#&=(# $$!&#'=3(
(:s. in !acs)
$%!(=( $$!&#%=%
>= Term =on from finncil in-titutionDcorporte- E .ecure+
as at march 3#! (#&
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
/6'48 %onths
11-10H
20 installments of Luarterly
freLuen+y
&7#500.00 10*000-00
&4'/6 %onths
10.504
11 installments of Luarterly
freLuen+y
33*200-00 16#800.00
1&'&4 %onths
11-00H
10 installments of Luarterly
freLuen+y
5#000.00 12*000-00
Total $5!"((=(( 3%!%((=((
nature o. Securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets
relating to hypothe+ation loans-
5= Lon> Term Borro)in>S (Contd=)
as at march 3#! (#3
Long term 0orro)ing
Terms o. repa*ment
(:s. in !acs)
Tenure 9from the date
of the $alan+e Sheet:
rate o.
interest repa*ment details
non,current
portion
Current
maturities
48'60 %onths
11-10H
20 installments of Luarterly
freLuen+y
/7#500.00 10*000-00
&4'/6 %onths
11-00H
11 installments of Luarterly
freLuen+y
17#000.00 12*000-00
upto 12 months
9.&54 $ullet ' 5#000.00
Total 5&!5((=(( "!(((=((
nature o. Securit*
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets re!atin+
to hypothe+ation loans-
(:s. in !acs)
Total Long,term 0orro)ings
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
maturities
non,current
portion
Current
maturities
Se+ured ,orro%ings 1#779#971./5 959#5/7.51 1#516#987.58 697#011.&/
;nse+ured ,orro%ings 616#&/6.95 168#0//.48 487#/49.87 177#695./6
Total Long,term 0orro)ings !3'$!(%=3( #!#"!5"(='' !((&!33"=&5 %"&!"($=5'
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
$= oTher LiaBiLiTieS
Creditors other than 7i+ro*Small and 7edium
5nterprises
' for fi(ed assets ' 1.55 ' 14.18
Crrent %atrities of !on+ ter% de$ts R:efer Note 5S ' 1#1&7#460.91 ' 874#706.59
'nterest a++rued ,ut not due on loans 48#907.46 10/#501.11 57#765.97 8/#95&.0/
(ppli+ation money on redeema,le non +on"erti,le
de,entures
' ' m.76 '
(ppli+ation money on su,ordinated de,ts ' ' /11.59 '
'n"estor 5du+ation and 4rote+tion Fund shall ,e
+redited ,y the follo%ing amounts 9as and %hen due:
' ?nc!ai%ed di)idend ' 77/.97 ' 6&9.&&
' ?nc!ai%ed %atred deposits and interest accred
thereon
' 4#496.&6 ' 1#&46.86
' ?nc!ai%ed %atred de$entres and interest accred
thereon
' 6#/&4.6& ' 5#40&.65
' ?nc!ai%ed %atred s$ordinate de$ts and interest
a++rued thereon
' 6#&95.16 ' /#75&./8
Temporary +redit ,alan+e in ,an& a++ounts ' 4#10/.99 ' 75#467.00
Ta1 dedu+ted at sour+e ' 1#78/.1& ' 1#544.59
Ser"i+e ta1 paya,le ' 71.64 ' 31-43
Statutory dues pertaining to employees ' /89.07 ' 322-04
<alue (dded Ta1 ' 412-34 ' 412-34
/or&s +ontra+t ta1 paya,le ' 1-41 ' '
;nrealised gain on se+uritisationP /5#84&.1/ 78#&70.16 57#40/.45 1/0#594.91
:etention and others 14#059.78 ' 1̔.89 '
Total '%!%('=3" #!333!%%5=3# #3(!3"'=$$ #!#"%!("$=
P Inc!des rea!ised +ain on pre%i% strctre secriti-ation G assi+n%ent dea!s a%ontin+ to :s. 155./1 !acs (9arch /1#
&01/M :s. /#455.7/ !acs) ' <!so refer note &.1 (i) (i)).
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
Long term Short term Long term Short term
"= pro?iSionS
)or emplo6ee 9enefit-
For gratuity ' 54.91 1#78&.8/ 145.10
For lea"e en+ashment and a"ailment ' 1#7/6.79 ' 1#5&5.69
<or others
3or non'perfor%in+ assets 117#444./9 ' 81#6&9.86 '
3or standard assets R :efer note (e) of note &.1S 5#485.89 4#/90.41 4#90&.01 /#614.80
3or ser)ice ta(' contested ' 8#79/.99 ' 8#778.18
For +redit loss on se+uritisation 7#/70./6 ' &7#597./7 '
For in+ome ta1 ' 4#566./1 ' 4#54/.16
Rnet of ad)ance ta( :s. 167#466.56 !acs (9arch /1#
&01/M :s. 167#&08.&7 !acs)S
4roposed di"idend ' 9#075./1 ' 9#074.56
Corporate di"idend ta1 ' 1#54&./5 ' 1#54&.&&
Total #3(!3((=$& 3(!#$(=(" ##5!'#=(" '!3="#
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
%= ShorT Term Borro)in>S
Secured
:edee%a$!e non con)erti$!e de$entres 43*400-00 74#750.00
Term loans
i: Fom ,an&s 194#799.86 18/#800.00
ii) 3ro% financia! instittions G corporates 10*000-00 '
?nsecred :edee%a$!e de$entre ' &5#000.00
Loans repa*a0le on demand (Secured)
Cash +redit 51#101.46 1&4#5&5./6
/or&ing +apital demand loan from ,an&s &Ǵ.00 14#45&.00
unsecured
Term loan from ,an&s 2*200-00 '
Commer+ial papers from other than ,an&s 16#000.00 /7#500.00
LessM na%orti-ed discont (6&/.41) (446.&6)
15#/76.59 /7#05/.74
Total 33'!3""='# &5'!5%#=#(
a= non,converti0le de0enture (nCd),Secured
i) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 1,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
GH#(8 F#8J Total
amount amount
upto # months &!&((=(( &!&((=((
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
Sr no
rate o. interest amount
PutD4ll option +te
1 10.954 30*000-00 &6'>ep'14
2 10.7&4 7#500.00 &4'>ep'14
3 10.7&4 Ǵ.00 &4'>ep'14
Total &(!(((=((
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
F #(8 Total
amount amount
upto # months "&!"5(=(( "&!"5(=((
nature o. Securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms and
+onditions as may ,e de+ided ,y the Company-
%= ShorT Term Borro)in>S (Contd=)
(ii) Pri'tel6 plce+ re+eem9le nonEcon'erti9le +e9enture of (-. 3,000,000DE ec2
Terms o. repa*ment as on march 3#! (#&
(:s. in !acs)
redeema0le at par 9from the date of the $alan+e Sheet:
rate o. interest
GH#(8 F#8EJ Total
amount amount
upto # months
#!(((=(( #!(((=((
PPart!" paid to the e(tent of :s. 1#00#000G'
I 1ut of t2e 9o'e %4,- 2'ing putDcll option re - un+er
(:s. in !acs)
PutD4ll option +te
Sr no
rate o. interest amount
1 10.504 1*000-00 19'<+'14
Total #!(((=((
Terms o. repa*ment as on march 3#! (#3
NCB otstandin+ is :s. Ni!
nature o. Securit*
>ecred $" specific assets co)ered nder h"pothecation !oan and $" *a" of e(c!si)e char+e and e;ita$!e %ort+a+e
of immo"a,le property-
8e,entures may ,e ,ought ,a+& su,2e+t to appli+a,le statutory andAor regulatory reLuirements* upon the terms and
+onditions as may ,e de+ided ,y the Company-
0= Term loans .rom 0an- ,Secured
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 9.75 4 to 11.&54 $ullet 194#799.86
Total #'&!"''=%$
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed crrent assets
relating to hypothe+ation loans-
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#3
upto 12 months 9.90 4 to 10./54 $ullet 18/#800.00
Total #%3!%((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed crrent assets
relating to hypothe+ation loans-
Cash credit .rom 0an- as at march 3#! (#& as at march 3#! (#3
>ecred $" h"pothecation of specific assets co)ered nder
hypothe+ation loan agreements
51#101.46 1&4#5&5./6
Total 5#!#(#=&$ #&!55=3$
%= ShorT Term Borro)in>S (Contd=)
c= Term lon- from finncil in-titution E.ecure+
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months 10.&54 $ullet 10*000-00
Total #(!(((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(edGcrrent assets re!atin+
to hypothe+ation loans-
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
d= redeema0le non,converti0le de0entures (nCd), unsecured
Pri'tel6 plce+ un-ecure+ re+eem9le nonEcon'erti9le +e9enture- of (-. 1,000,000DE ec2
Terms o. repa*ment
:edee%a$!e non'con)erti$!e de$entres (NCB)' ?nsecred otstandin+ is :s. Ni! as on 9arch /1# &014.
Terms o. repa*ment as on march 3#! (#3
(:s. in !acs)
redeema0le at par )ithin
9from the date of the $alan+e Sheet:
rate o. interest
F #(8 GH#(8 F#8 Total
amount amount amount
;pto 12 months &5#000.00 ' 5!(((=((
Total 5!(((=(( , 5!(((=((
(:s. in !acs)
e=
.= )or-ing capital demand loan ,Secured
Terms o. repa*ment
(:s. in !acs)
rate o.
interest
repa*ment
details
as at march
3#! (#&
;pto 12 months
9.75 4 to
11.504
$ullet &Ǵ.00
Total !5((=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed G crrent assets
relating to hypothe+ation loans
%= ShorT Term Borro)in>S (Contd=)
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#3
upto 12 months 9.75 4 to 11.504 $ullet 14#45&.00
Total #&!&5=((
>ecred $" an e(c!si)e char+e $" *a" of h"pothecation of specific %o)a$!e assets $ein+ fi(ed G crrent assets
relating to hypothe+ation loans
g= Term loans .rom 0an- ,unsecured
Terms o. repa*ment
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as at march 3#! (#&
;pto 12 months
9.754 $ullet 2*200-00
Total !((=((
Terms o. repa*ment
Ter% !oans fro% financia! instittion otstandin+ is :s. Ni! as on 9arch /1# &01/.
h= Commercial paper
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#&
upto 12 months 10.&0 4 to 10./5 4 $ullet 16#000.00
Total #$!(((=((
note
1: The amount of +ommer+ial paper is dis+losed at gross "alue- The amount of unamortised dis+ount on +ommer+ial
paper is :s. 6&/.41 !acs.
(:s. in !acs)
Tenure
9from the date of the $alan+e Sheet: rate o. interest repa*ment details as on march 3#! (#3
upto 12 months 8.96 4 to 9.90 4 $ullet /7#500.00
Total 3"!5((=((
note
1: The amount of +ommer+ial paper is dis+losed at gross "alue- The amount of unamortised dis+ount on
+ommer+ial
paper is :s. 446.&6 !acs.
&) The Co%pan" has $o+ht $ac, co%%ercia! paper of :s. &5#000.00 !acs on 3e$rar" 11# &01/.
(:s. in !acs)
Total Short,term 0orro)ings as at march 3#! (#& as at march 3#! (#3
Se+ured ,orro%ings
/&1#801./& /97#5&7./6
;nse+ured ,orro%ings 17#576.59 6/.74
Total Short,term 0orro)ings 33'!3""='# &5'!5%#=#(
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(:s. in !acs)
particulars
Tngi9le fi!e+ --et- intangi0le assets
Land ,
.eehold Buildings
plant and
e:uipment
1ffice
e:uipment
<urniture
and
fi!ture- ?ehicles
Leasehold
improve,
ment
Total
tangi0le fi!e+
--et-
Trade,
mar-s
Computer
so.t)are
Total
intangi0le
assets
'=
<iCed aSSeTS
>ross 0loc-
as at april #! (# #(=$' 5$=(3 &!'"=$' #'= #!3&$=%' #&$=&3 5!(&#=3$ ##!5$#=3# &=$& #!("'='# #!(%&=55
(dditions 0.58 ' &#/08.57 49.61 424-41 ' 1#/&8.96 &!##=#3 ' &04.99 (&=''
8eletions ' ' /6/.5/ 17.55 86.00 60.5& /85.10 '#="( ' ' ,
(d2ustment ' ' ' ' ' ' ' , ' ' ,
as at march 3#! (#3 ##=" 5$=(3 $!&="3 &=% #!$%5=3( %5='# 5!'%5= #&!"$(="& &=$& #!%&='( #!%'=5&
(dditions 4#449.5& ' 	&/.06 9&.8& 75/.08 0-10 /#4//.08 ##!$5#=$$ ' 95.77 '5=""
8eletions ' 1/8.48 &76.77 1&.77 116.&8 4-22 481.8/ #!(3(=35 ' ' ,
(d2ustment ' &54.&0 54.19 ' 58.// ' (7/4.89) (3$%=#") ' ' ,
as at march 3#! (#& &!&$(="' $&#="5 %!'&3=# 3(&=33 !3%(=&3 %#="' %!(#=5% 5!(#3=%% &=$& #!3%(=$" #!3%5=3#
depreciation
as at april #! (# , ##'=$ !'3=#( #((=%$ $'&='( '3=33 3!5=#( $!553=55 (="& "5=3% "$=#
Charge for the year ' 8.58 8/&.45 &7.14 /08.79 6.4& 8&&.5& !((5='# 0.46 &6&.56 $3=(
8eletions ' ' &70.17 8.45 6/.&& /0.6& /48.10 "(=5$ ' ' ,
(d2ustment ' ' ' ' ' ' ' , ' ' ,
as at march 3#! (#3 , #"=%& !%55=3% ##'=55 '&(=&" $'=#3 3!"$=5 "!%3%=%' #=( '%"='3 '%'=#3
Charge for the year ' 8.8& 1#&&6.66 44-02 5&&.84 5.&8 1#&88.80 3!('$=& 0.46 179.&0 #"'=$$
8eletions ' 41.48 &19.09 8.&9 85.41 4-01 461.55 %#'=%3 ' ' ,
(d2ustment ' ' ' ' ' ' (/68.17) (3$%=#") ' ' ,
as at march 3#! (#& , '5=#% 3!%$='5 #55=% #!3""='( "(=&( &!#%5=$( '!"&"=3# #=$$ #!#$"=#3 #!#$%="'
net 0loc-
as at march 3#! (#3 ##=" 3'%=#' 3!3%"=35 #(&="3 "&&=%3 #$="% !5%="( $!'#=%5 3=&& '$='% 3((=&
as at march 3#! (#& &!&$(="' 5&$=5" 5!(%(=$ #&'=(5 #!((=53 ##=3' &!(#5='% #5!$$=5" ='% #3=5& #$=5
depreCiaTion and amorTiSaTion
(:s. in !acs)
*ear ended
march 3#! (#& march 3#! (#3
on tangi,le assets /#096.4& .90
on intangi,le assets 179.66 &6/.0&
on in"esment property 2-33 2-32
Total 3!"%=&# !"#=&
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
1B0
Shriram Transport Finan+e Company Limited
as at
march 3#!
(#&
as at
march 3#!
(#3
# 'n"estment property 9net of depre+iation: 197.47 199.78
Non trade M
a= a) In)est%ent in 1;it" shares';oted ' /74./4
a= 0) In)est%ent in 1;it" shares'n;oted 65.00 &07.50
a= c) 'n"estment in 4referen+e shares ' 100-00
B= 'n"estment in >o"ernment se+urities //#089.48 &/#778.57
C= 'n"estment in Su,ordinated de,ts 5#000.00 5#000.00
d= 'n"estment in <enture +apital fund 1#45/.04 87/.15
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (&5.00) (167.50)
Total 3'!""'='' 3(!3$5=%&
#(= non,CurrenT in?eSTmenTS
(:s. in !acs)
non,current investments
(:s. in !acs)
Auantit* amount Auantit* amount
particulars
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#= investment propert*
9at +ost less a++umulated depre+iation:
Cost of land and ,uilding gi"en on
operating lease
&11.66 &11.66
LessM acc%!ated depreciation 14.19 11.88
net Bloc- #'"=&" #''="%
= non trade
9"alued at +ost unless stated other%ise:
a= Shares 5 <ull* paid up
a) Nuote+ E &:uit6 -2re-
investment in associates
Shriram (sset 7anagement
Company Limited 940H Share: U
10 ' ' 2*400*000 240-00
<ddM >hare of post ac;isition profit ' 134-34
(inc!din+ :s. Ni! of Aood*i!! net of
Capita! :eser)e arisin+ on
+onsolidation: 9Sold during the year:
0) Jn:uote+ E &:uit6 -2re-
investment in other companies
State 'ndustrial 'n"estment
Corporation of 7aharashtra Limited
' /74./4
10 50#000 40-00 50#000 40-00
Credential Finan+e Limited 10 &5#000 ' &5#000 '
Z(t +ost less pro"ision for other than
temporary diminution in "alue of
:s. &5.00 !acs (9arch /1# &01/M
:s. &5.00 !acs) S
(:s. in !acs)
Auantit* amount Auantit* amount
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
#(= non,CurrenT in?eSTmenTS (Contd=)
(shley Transport Ser"i+es Limited
9Company dissol"ed during the year:
Z(t +ost less pro"ision for other than
te%porar" di%intion in )a!e of :s.
Ni! (9arch /1# &01/M :s. 14&.50 !acs)S
100 ' ' &&5#000 '
c) Jn:uote+ E Preference -2re-
investment in associates
Shriram (sset 7anagement
Company Limited 9sold 100*000
shares of :s. 100G' each drin+
the year:
100 ' ' 100*000 100-00
B= Auoted,>overnment Securities
177.57
&#/65.79
49&.1/
4#754.74
/95.77
Ǯ.5/
2&.58
497.06
Ǥ./&
4#870.&4
J/.8/
'
'
5#000.00
87/.15
3(!3$5=%&
&4#018.58
&4#681.&6
6#180.65
Auoted
6.1/4 A7I Loan &0&8 100 176#000 177.47 176#000
6./54 A7I Loan &0&0 100 Ǵ#000 &#/85.64 Ǵ#000
6.494 A7I Loan &015 100 500#000 495.7/ 500#000
6.904 A7I Loan &019 100 5#000#000 4#79/.75 5#000#000
7.0&4 A7I Loan &016 100 400*000 /97.0& 400*000
7.804 A7I Loan &0&0 100 Ǵ#000 ǯ./0 Ǵ#000
8.1/4 A7I Loan &0&& 100 Ǵ#000 2&./1 Ǵ#000
8.&44 A7I Loan &0&7 100 500#000 497.&8 500#000
8.&64 A7I Loan &0&7 100 Ǵ#000 dž.90 Ǵ#000
8.&64 A7I Loan &0&7 100 5#000#000 4#909.80 5#000#000
8.974 A7I Loan &0/0 100 Ǵ#000 ʜ.// Ǵ#000
8.//4 A7I Loan &0&6
94ur+hased during the year:
100 Ǵ#000 2*331-34 '
8.&84 A7I !oan &0&7
94ur+hased during the year:
100 5#000#000 6#980.61 '
Jn:uote+ E *n'e-tment in
C=
Su0ordinate de0ts
@es $an& Limited 1*000*000 500 5#000.00 500
d= Jn:uote+E ?enture 4pitl )un+
'C'C' 'n"estment
7anagement Company Limited
10*000 14#5/0 1#45/.04 8#7/1
Total 3'!""'=''
aggregate ?alue o. Auoted
investments
Cost of a+Luisition //#089.48
7ar&et <alue &9#4/0.&1
$ggregte ?lue of Jn:uote+
investments
Cost of a+Luisition 6#518.04
aggregate provision .or diminution in
value o. investments
&5.00 167.50
U These shares are su,2e+t to restri+ti"e +o"enants of regulatory authority-
(:s. in !acs)
as at
march 3#! (#&
as at
march 3#! (#3
##= de<erred TaC aSSeTS (neT)
,eferre+ t! --et
3i(ed assetM I%pact of difference $et*een ta( depreciation and
depreciation Ga%orti-ation char+ed for financia! reportin+ period
586.5& 4/1.95
I%pact of e(penditre char+ed to the state%ent of profit and !oss in
the +urrent year ,ut allo%ed for ta1 purpose on payment ,asis
4#55&.89 4#&15.85
4ro"ision for se+uritiGation 18#&40.09 &n.15
4ro"ision for standard assets /#/56.95 L/.&8
>ro-- +eferre+ t! --et- ($) $!"3$=&5 '!5#=3
,eferre+ t! li9ilit6
8e,enture 'ssue 51penses 1#180.65 808.70
>ro-- +eferre+ t! li9ilit6 (B) #!#%(=$5 %(%="(
%et +eferre+ t! --et- ($EB) 5!555=%( %!"#=53
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS
unsecured! considered good
Capital ad"an+es 151.66 ' 67/.94 '
Se+urity deposits /#&58.46 85&.07 ǚ.9& 1#169.&1
Secured! considered good
?ypothe+ation loans v#667.78 1#604#774.07 1#914#5/4.01 1#//5#6&6.04
:etained interest on secritisation 41#178.54 40#768.00 /1#17&.67 &1#17&.94
3ther loans 10.19 /0.05 8&.80 /9.97
unsecured! considered good
?nsecred !oansU 1	&8.4& 10//./9 9#68&.50 84#415.&1
<d)ance ' h"pothecation !oans 1#007.45 ' 1#87/.60 '
8e,tors on se+uritisation Znet of deliLuen+y pro"ision
:s. 46#&9&.75 !acs (9arch /1# &01/M :s. /7#541.&7
!acs)S ' /4.09 ' 1#189.05
Se+urtisation deferred +onsideration re+ei"a,le /7#1/9.46 79#9/7./7 54#6/6.1/ 1/0#077./4
dou0t.ul
Se+ured ?ypothe+ation loans 14/#709./6 ' 98#576.4& '
3ther loans /50.64 ' 615./& '
;nse+ured loan 5#45&.50 ' /#175.// '
(d"an+es re+o"era,le in +ash or in &ind or for "alue
to ,e re+ei"ed
/6.14 ' /6.14 '
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion M
non,current
portion
Current
portion M
#= LoanS and ad?anCeS (Contd=)
other loans and advances , unsecured!
considered good
(d"an+es re+o"era,le in +ash or in &ind or for "alue
to ,e re+ei"ed
/#/69.51 9#5&8.7/ 1#100.8& /#/0/.75
Ser"i+e ta1 +redit 9input: re+ei"a,le ' &#/19.19 ' 770.06
7(T +redit entitlement ' ' 188.&9 '
4repaid e1penses 155.&6 854.57 /6&.1/ 9&8.77
(d"an+e in+ome ta1 9net of pro"ision for ta1ation:
R:efer Note /4S
9#548.6& ' 5#67&.&6 '
Rnet of pro)ision for inco%e ta( :s. &47#798.8& !acs
(9arch /1# &01/M :s. 189#890.77 !acs)S
Total !3"$!'$3='' #!%&#!3#=53 !#&!%5"=% #!5"%!$'=3&
U 'n+ludes +urrent maturities of long term loans and ad"an+es
U <d)ance +i)en to the co%pan" in *hich a director is interested :s. Ni! (9arch /1# &01/M :s. 1/6.&9 !acs)
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#3= oTher aSSeTS
unsecured! considered good
3i(ed deposits *ith $an,s (Note 16) 0.50 ' 1-00 '
9ar+in %one" deposit *ith $an,s (Note 16) 6#/74.05 ' 14#&17.60 '
'nterest a++rued on in"estments ' 1#0&9.&9 ' 1#148.&0
Interest accred on fi(ed deposits *ith $an,s /7&.08 5#/0&.78 505.59 5#/&/.77
P!an <sset ' +ratit" ' 0-13 ' '
4u,li+ issue e1penses for non +on"erti,le de,entures 1#957.4& 1#516.10 1*401-11 1#091.46
'ssue e1penses for eLuity shares 7/8.45 15&.77 891.&& 15&.78
Total '!&&=5( %!((#=(" #"!(#$=5 "!"#$=#
(:s. in !acs)
as at
march 3#!
(#&
as at
march 3#!
(#3
#&= CurrenT in?eSTmenTS
# 'n"estment in >o"ernment se+urities ' 85.0/
a) In)est%ent in Certificate of deposit *ith $an,s &0/#561.74 &97#574.60
0) 'n"estment in 7utual fund 201-40 '
Less M <++re+ate pro)ision for di%intion in )a!e of in)est%ents (16.81) '
Total (3!"&$=33 '"!$5'=$3
particulars
Current portion o. long term investments
9"alued at +ost unless other%ise mentioned:
a) Auoted5 >overnment Securities
R:efer note &8S
12-40H >3' Loan 2013
This se+urity is redeema,le on (ugust 20*
2013 at par
Current investments
(at lo)er o. cost and .air value)
<ace
value
(rs=)
Auantit* amount Auantit* amount
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
100 ' ' 85#000 85.0/
a) Jn:uote+7 *n'e-tment in 4ertificte of
deposit )ith Ban-s
(llaha,ad $an& 20*000 19#587.4& ' '
(ndhra $an& 30*000 &9#458.76 20*000 18#4/6.&0
Z(t +ost less pro"ision for diminution in "alue of
:s. 9./9 !acs (9arch /1# &01/M :s. Ni!) S
(1is $an& ' ' 30*000 &9#&&9./6
$an& of $aroda Ǵ -&.54 Ǵ &#/09.57
Z(t +ost less pro"ision for diminution in "alue of
:s. 0.01 !acs (9arch /1# &01/M :s. Ni!) S
$an& of 'ndia ' ' Ǵ ,&.49
Canara $an& ' ' 20*000 19#584.48
Central $an& of 'ndia 10*000 9#896.90 20*000 19#564.4&
Federal $an& Limited ' ' 10*000 9#8/7.48
?8FC $an& Limited ' ' 5#000 4#900.71
'C'C' $an& Limited ' ' 20*000 19#708.4&
'ndustrial 8e"elopment $an& of 'ndia Limited &5#000 &4#556.87 20*000 19#58/.6&
Z(t +ost less pro"ision for diminution in "alue of
:s. 7.41 !acs (9arch /1# &01/M :s. Ni!) S
'ndian $an& ' ' 20*000 19#&05.8&
'ndusind $an& Limited 10*000 9#797.95 20*000 19#56/.69
=arur <ysya $an& ' ' 20*000 19#590.16
Pn.a$ Nationa! 2an, ' ' 11*000 10#818.19
South 'ndian $an& 30*000 &9#//0.&7 ' '
>tate 2an, of 2i,aner J Iaipr ' ' 5#000 4#91/.45
Syndi+ate $an& 20*000 19#670.98 20*000 19#1/0.18
;C3 $an& 30*000 &9#/01.// ' '
;nion $an& of 'ndia 20*000 19#670.98 ' '
;nited $an& of 'ndia ' ' 40*000 /9#1/5.10
<i2aya $an& 10*000 9#8&0.9/ 20*000 19#6&1.&6
0) Auoted5 investment in mutual <und
Shriram 5Luity & 8e,t 3pportunities Fund
8ire+t
10 2*000*000 200-00 ' '
BK> Insta Cash P!s 3nd ' Birect P!an
' Aro*th
10 840.// 1-40 ' '
Total (3!"&$=33 '"!$5'=$3
(:s. in !acs)
#=
=
(:s. in !acs)
Auantit* amount Auantit* amount
particulars
<ace
value
(rs=)
as at
march 3#!
(#&
as at
march 3#!
(#&
as at
march 3#!
(#3
as at
march 3#!
(#3
aggregate ?alue o. Auoted investments
Cost of a+Luisition 201-40 85.0/
7ar&et <alue 213-32 87./1
$ggregte ?lue of Jn:uote+ *n'e-tment-
Cost of a+Luisition &0/#544.9/ &97#574.60
aggregate provision .or diminution
in value o. investments
16.81 '
(:s. in !acs)
as at
march 3#!
(#&
as at
march 3#!
(#3
#5= Trade reCei?aBLeS
unsecured! considered good
3utstanding for a period e1+eeding si1 months from the date they are due for payment ' '
3ther re+ei"a,les 190.67 0.49
Total #'(=$" (=&'
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
non,current
portion
Current
portion
non,current
portion
Current
portion
#$= CaSh and Ban- BaLanCeS
4-2 n+ c-2 e:ui'lent-
i: 2a!ances *ith sched!ed $an,s inM
Current a++ounts ' 185#45&.85 ' /77#159.68
;npaid di"idend a++ounts ' 77/.96 ' 6&9.&&
8eposits %ith original maturity of less than three
months
' &60#596.00 ' 57#5/7.00
ii: CheLues on hand ' 4#197.&5 ' 5#419.&8
iii: Cash on hand ' 1/#608.57 ' 9#488.&&
i": Call 7oney 9C$L3: ' 69#88&.5/ ' '
, 53&!5##=#$ , &5(!33=&(
other 0an- 0alances
8eposits %ith original maturity for more than
12 months
0.50 &90.80 ' &91./0
8eposits %ith original maturity for more than
3 months ,ut less than 12 months
' /1#878.40 ' &4#7/5.&4
7argin money depositUT 6#/74.05 145#16/./& 14#&18.60 159#91&.75
$!3"&=55 #""!33=5 #&!#%=$( #%&!'3'='
amount disclosed under non,current assets
R:efer Note 1/S
($!3"&=55) (#&!#%=$()
Total , "##!%&3=$% , $35!#"=$'
Y Inc!des deposits of :s. 1.64 !acs (9arch /1# &01/M :s. 1.00 !acs) p!ed+ed *ith 0<T athorities.
W Inc!des deposits of :s. 1/9#9/5.51 !acs (9arch /1# &01/ M :s. 151#89/.09 !acs) p!ed+ed *ith 2an,s as %ar+in for credit
enchance%ent# :s. 11#194.65 !acs (9arch /1# &01/M :s. &1#995.05 !acs) as %ar+in for +arantees and :s. 405.57 !acs
(9arch /1# &01/M :s. &4&.&& !acs) p!ed+ed as !ien a+ainst !oans ta,en.
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#"= re?enue <rom operaTionS
interest income on
' !oan portfo!io and re!ated char+es 6/6#//0.98 470#994.67
' secritisation and direct assi+n%ent 85#/7&./6 175#165.&1
' %ar+in %one" on secritisationG assi+n%ents 1/#/54.78 1̳.&&
' pass thro+h certificates 48#/04.69 1B.44
' deposits *ith $an,s 6#4&1.88 1#576.5/
' !on+' ter% in)est%ents &5.87 &#&01.9&
' crrent in)est%ents ͠.01 /#008./5
1t2er finncil -er'ice-
:e)ersa! of pro)ision for credit !oss on secritisation 11#475.54 '
'n+ome from portfolio management ser"i+es 85.67 &69.8&
'n+ome from +ommission ser"i+es /#617.4& 1#511.05
$ad de,t re+o"ery 490.57 576.94
Bi)idend on !on+' ter% in)est%ents 0.50 0.50
8i"idend on +urrent in"estments ' 120-12
Profit on sa!e of crrent in)est%ents (net) &9#/6/.67 1/#77/.5&
Profit on sa!e of in)est%ent in associate 0.06 '
Sales o. used commercial vehicles ' 84.17
<acilitation .ees 7#19/.9& 7#&74.41
Total %&"!$(#=' "(#!&&=%"
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#%= oTher inCome
'n+ome from operating lease 10-14 9.94
Profit on sa!e of assets (net) /08.&/ 0-14
7is+ellaneous in+ome 98.40 14&.85
Total &#$="" #5='3
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#'= empLo*ee Bene<iT eCpenSeS
Salaries* other allo%an+es and ,onus 4/#44&.05 41#096.68
>ratuity e1penses &/&.7& 600.9/
Contri,ution to pro"ident and other funds &#&68.1/ 1#845.57
51pense on 5mployee Sto+& 3ption S+hemePP 11-14 (86.69)
Staff %elfare e1penses 1#&05.76 860.&/
Total &"!#5'=%( &&!3#$="
PP Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to forfeitre of options +ranted to e%p!o"ees in the past a!on+
%ith option lapse on a++ount of employee resignation against %hi+h 5S34 e1pense %ere duly ,oo&ed in the past o"er
the "esting period of su+h options-
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
(= <inanCe CoST
*ntere-t e!pen-e
8e,entures 164#9&9.90 122*412-43
Su,ordinated de,ts 51.&0 4/#798.91
Fi1ed deposits 18#404.&/ 1/#5&0.&9
Loans from ,an&s 14ά.5& 89#140.89
Loans from institutions and others 9#784./4 5#6/6.78
Commer+ial paper 2*434-30 8#455.85
other 0orro)ing costs
Professiona! char+es ' resorce %o$i!isation 9#661.9/ 5#6/&.00
4ro+essing +harges on loans 1#&6&.40 1#/91.&9
$ro&erage 1&#&70.88 9#997./&
Sour+ing fees 716.59 6&0./9
Ser"i+e +harges 4#&99.56 /#710./5
<%ortisation of NCB P$!ic isse e(penses 1#467.06 1#578.01
Total &(!(='# 3(5!%'&=5#
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#= oTher eCpenSeS
:ent 7#414.97 6#565.64
Lease :ent for Par,in+ Fards 1&8./5 4&8.19
5le+tri+ity e1penses 996.96 768.99
8S( Commission 200-44 /18.85
:epairs J %aintenance
' 2i!din+s 11-41 15./6
' 7thers 1#077.8& 1#0/6.5&
:ates J ta(es 190.80 4/4.95
4rinting & stationery 1#551.89 1#9&7.87
Tra"elling & +on"eyan+e 11#780.87 /#869.04
(d"ertisement 175.9& 59/.77
:e+istration and 3i!in+ 3ees &.71 1.&8
$ro&erage 1.9& '
$usiness 4romotion G/.0/ 1#006.51
$uyer and seller Fa+ilitation 51pense 884.07 50&./1
:o"a!t" ȱ.58 &#&5/./7
8ire+torsV sitting fees 1&./7 8.71
'nsuran+e 54.7& 23-33
Communi+ation e1penses 4#/15.// /4.07
Pa"%ent to aditor R :efer Note //S
<s <ditorM
' <dit fees 145.57 145.4&
' Ta( adit fees 9.90 10-21
' 7t of poc,et 5.78 7.50
In an" other %annerM
' Certification 4.59 1.79
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
#= oTher eCpenSeS (Contd=)
$an& +harges /#091.07 /#/11.5&
4ro+essing +harges on se+uritiGation 5./1 5./1
4rofessional +harges on se+uritiGation 5#709.05 6#656.&&
Legal & professional +harges /#0&&.&7 &#&86.65
4ro"ision for non mo"ing in"entory ' 93-23:
8onations 477.&5 499.6&
Loss on sa!e of fi(ed assets (net) ' 47.11
'ssue e1penses for eLuity shares 15&.78 15&.78
8ata +enter management ser"i+e 146.5/ 111.81
Se+urity +harges /05.15 184.86
Ser"i+e +harges paid /#9/7.95 /#517.01
7is+ellaneous e1penses 7#904.0/ 6#101.48
Total 5%!''=3' &5!5&=%
(:s. in !acs)
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
= pro?iSionS : )riTe o<<S
4ro"ision for non performing assets /4#890.07 19#509.69
Pro)ision for standard assets R :efer note (e) of note &.1S 1#/59.49 Ȣ.91
4ro"ision for +redit loss on se+uritisation ' 17#617.4/
4ro"ision for diminution in "alue of in"estmentsP 16.81 (178.66)
$ad de,ts %ritten off 85#054.49 47#7&8.59
Total ##!3(=%$ %"!3='$
P Ne+ati)e a%ont in the "ear ended 9arch /1# &01/ o*in+ to pro)ision for di%intion in )a!e of in)est%ents $oo,ed on
+urrent in"estments during pre"ious year ended 7ar+h 31* 2012 %ritten ,a+& on sale in the year ended 7ar+h 31* 2013-
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
3= earnin>S per Share
Net Profit after ta( as per state%ent of profit and !oss
(:s. in !acs) (<)
1/5#79/.7/ 146#/4&.79
/eighted a"erage num,er of eLuity shares for +al+ulating
$asi+ 54S 9in la+s: 9$:
&#&68.76 &#&68./&
/eighted a"erage num,er of eLuity shares for +al+ulating
8iluted 54S 9in la+s: 9C:
&#&68.76 &#&68.50
2asic earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (2)
59.85 64.5&
Bi!ted earnin+s per e;it" share (in :pees) (3ace )a!e of
:s. 10G' per share) (<) G (C)
59.85 64.51
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
/eighted a"erage num,er of eLuity shares for +al+ulating
$asi+ 54S 9in la+s:
&#&68.76 &#&68./&
<dd M 1;it" shares for no consideration arisin+ on +rant of
sto+& options under 5S34 9in la+s:
' 0.18
/eighted a"erage num,er of eLuity shares in +al+ulating
8iluted 54S 9in la+s:
&#&68.76 &#&68.50
&= >raTuiT* and oTher poST,empLo*menT Bene<iT pLanS
The Arop has defined $enefit +ratit" p!an. 1)er" e%p!o"ee *ho has co%p!eted fi)e "ears or %ore of ser)ice is e!i+i$!e
for a +ratit" on separation at 15 da"s $asic sa!ar" (!ast dra*n sa!ar") for each co%p!eted "ear of ser)ice. The sche%e is
funded %ith an insuran+e +ompany in the form of Lualifying insuran+e poli+y-
Brin+ the "ear the Arop has fnded :s. �&&.67 !acs for +ratit" $ein+ defined $enefit o$!i+ation otstandin+ as on
Septem,er 30* 2013-
Conse;ent to the adoption of re)ised <> 15 H1%p!o"ee 2enefits@ issed nder Co%panies <ccontin+ >tandard :!es#
&006# as a%ended# the fo!!o*in+ disc!osres ha)e $een %ade as re;ired $" the standardM
.ttement of Profit n+ =o--
Net e%p!o"ee $enefit e(pense (reco+ni-ed in the >tate%ent of profit and !oss)
(:s. in !acs)
particulars
>ratuit*
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Current ser"i+e +ost /48.84 &88.90
Interest cost on $enefit o$!i+ation 154.&/ 1&4.19
51pe+ted return on plan assets Ni! Not app!ica$!e
Net actaria! (+ain) G !oss reco+nised in the "ear (&70./6) 187.84
4ast ser"i+e +ost Ni! Ni!
%et 9enefit e!pen-e 3="# $((='3
(+tual return on plan assets 51.10 Not app!ica$!e
Balance sheet
2enefit assetG(!ia$i!it")
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
Present )a!e of defined $enefit o$!i+ation &8.54 1#9&7.94
Fair "alue of plan assets /.77 Not app!ica$!e
>rp!sG(deficit) (54.77) (1#9&7.94)
LessM ?nreco+nised past ser)ice cost Ni! Ni!
Pln --et D (li9ilit6)K (5&="") (#!'"='&)
E disclosed under note ", provisions and note #3 , other assets
42nge- in t2e pre-ent 'lue of t2e +efine+ 9enefit o9ligtion re - follow-7
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
7penin+ defined $enefit o$!i+ation 1#9&7.94 1#460.99
'nterest +ost 154.&/ 1&4.18
Current ser"i+e +ost /48.84 &88.90
2enefits paid (8/.&&) (1//.97)
(+tuarial 9gains: A losses on o,ligation (&19.&5) 187.84
4lo-ing +efine+ 9enefit o9ligtion !#%=5& #!'"='&
particulars
march
3#! (#&
march march march march
3#! (#3 3#! (# 3#! (## 3#! (#(
Befined $enefit o$!i+ation &8.54 1#9&7.94 1#460.99 91/.7/ 61&.6/
4lan assets /.77 N< N< N< N<
>rp!s G (deficit) (54.77) (1#9&7.94) (1#460.99) (91/.7/) (61&.6/)
51perien+e ad2ustments on plan lia,ilities
9gains:Alosses 58./1 94.64 /4/.18 74.98 55.56
51perien+e ad2ustments on plan assets
9losses:Agains 51.10
Changes in the .air value o. the plan assets are as .ollo)s5
(:s. in !acs)
particulars
>ratuit*
march 3#! (#& march 3#! (#3
3pening fair "alue of plan assets Ni! Not app!ica$!e
51pe+ted return Ni! Not app!ica$!e
Contri,utions ,y employer �&&.67 Not app!ica$!e
2enefits paid Ni! Not app!ica$!e
(+tuarial gains A9 losses: 51.10 Not app!ica$!e
Closing .air value o. plan assets !("3="" not applica0le
The Arop did not contri$te an" a%ont to +ratit" in &01&'1/ as the sche%e *as nfnded.
The Arop e(pects to contri$te :s. 407.6/ !acs to +ratit" in the ne(t "ear.
The maDor categories o. plan assets as a percentage o. the .air value o. total plan assets are as .ollo)s5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
H H
'n"estments %ith insurer 100 Not app!ica$!e
The principal assumptions used in determining gratuit* o0ligations .or the Compan*3s plan are sho)n 0elo)5
particulars
>ratuit*
march 3#! (#& march 3#! (#3
8is+ount rate 9./64 8.004
51pe+ted rate of return on assets 8.704 Not app!ica$!e
'n+rease in +ompensation +ost 5.004 5.004
5mployee Turno"erP 54 and 104 54 and 104
The esti%ates of ftre sa!ar" increases# considered in actaria! )a!ation# are on accont of inf!ation# seniorit"# pro%otion
and other rele"ant fa+tors* su+h as supply and demand in the employment mar&et-
P54 in case of e%p!o"ees *ith ser)ice period of %ore than 5 "ears and 104 for a!! other e%p!o"ees.
The o"erall e1pe+ted rate of return on assets is determined ,ased on the mar&et pri+es pre"ailing on that date* appli+a,le
to the period o"er %hi+h the o,ligation is to ,e settled-
amounts .or the Current *ear and previous .our *ears are as .ollo)s5
(:s. in !acs)
N< N< N< N<
840#/74.05 ' 7#644.64 ' %&%!(#%=$'
195#80&.69 ' 1#&47.75 ' #'"!(5(=&3
' ' 4-11 ' &=##
#'"!(&$=3
$#!5=5'
#35!"'3="3
,
#35!"'3="3
5#190#/50.&0 ' 6#784.0/ ' 5!#'"!#3&=3
/4#979.95 ' 1&4.47 ' 35!#(&=&
5!5!33(=#5 , $!'(%=5( , 5!3!3%=$5
4#/7/#571.9/ ' /#08&.70 ' &!3"$!$5&=$3
4#54/.15 ' &/.16 ' &!5$$=3#
&!3"%!##5=(% , 3!#(5=%$ , &!3%#!(='&
7#&&8.&5 ' 4#519.18 ' ##!"&"=&3
λ.8/ ' /&&.58 ' 3!"%=&#
3ther non +ash e1penditure 1&6#071.06 ' /96.01 ' #$!&$"=("
694#060./4 84.17 7#451.&9 ' "(#!5'5=%(
&14#840./& 911-12: 1#441.08 ' #$!"(="
&=&
#$!$$=(3
$'!%""=$
#&$!3%%=""
(&5='%)
#&$!3&="'
4#688#/06.60 ' 4#7&8.51 ' &!$'3!(35=##
/4#1&4.49 ' &60./0 ' 3&!3%&="'
&!"!&3#=(' , &!'%%=%# , &!""!&#'='(
/#987#074.&7 ' ./0 ' 3!'%'!(%'=5"
4#54/.16 ' ' ' &!5&3=#$
3!''#!$#"=&3 , !(#5=3( , 3!''3!$3="3
4#&47.45 ' 69.67 ' &!3#"=#
1#894.56 ' /76.68 ' !"#=&
3ther non +ash e1penditure 95#110.75 ' 458./0 ' '5!5$'=(5
5=
The Arop has three reporta$!e se+%ent )i-.Pro)idin+ finance to co%%ercia! )ehic!es# other !oans(3inancin+ acti)ities)#
Trading of ;sed Commer+ial "ehi+les9Trading 8i"ision: and Fa+ilitating the ,uyers A sellers to sell their "ehi+les
9Ser"i+e Bi)ision) *hich ha)e $een identified in !ine *ith the <ccontin+ >tandard 17 on >e+%ent :eportin+# ta,in+
into the a++ount organiGational Stru+ture as %ell as differential ris& and return of these segments- 5a+h of the a,o"e
a+ti"ity is restri+ted to a +ommon single geographi+al segment- ?en+e* no dis+losure on geographi+ segment is
%arranted-
<or the *ear ended march 3#! (#&
<inancing Trading Service
unallocated
reconciling
(:s. in !acs)
particulars
Segment re"enue
>e+%ent res!ts (Profit $efore ta( and
after interest on financin+ se+%ent)
LessM ?na!!ocated reconci!in+ ite%s
%et profit 9efore t!
LessM Inco%e Ta(es
%et profit fter t!
<ddM >hare of Profit of <ssociate
%et profit fter t!e- n+ -2re of
loss o. associate
other in.ormation5
Segment assets
;nallo+ated +orporate assets
Total assets
Segment lia,ilities
;nallo+ated +orporate lia,ilities
Total Lia0ilities
Capital e1penditure
8epre+iation
activities division division items Total
<or the *ear ended march 3#! (#3
<inancing Trading Service
unallocated
reconciling
(:s. in !acs)
particulars
Segment re"enue
>e+%ent res!ts (Profit $efore ta( and
after interest on financin+ se+%ent)
LessM ?na!!ocated reconci!in+ ite%s
%et profit 9efore t!
LessM Inco%e ta(es
%et profit fter t!
<ddM >hare of profit of associate
%et profit fter t!e- n+ .2re of
Loss o. associate
7ther infor%ationM
Segment assets
;nallo+ated +orporate assets
Total assets
Segment Lia,ilities
;nallo+ated +orporate lia,ilities
Total Lia0ilities
Capital e1penditure
8epre+iation
activities division division items Total
$= empLo*ee SToC- opTion pLan
Series i Series ii
8ate of grant /1'7ct'05 1'<pr'06
Series iii
9'7ct'06
Series i?
17'<+'07
Series ?
15'I!'08
Series ?i
1/'9a"'09
8ate of $oardA+ommittee 19'7ct'05 &&'3e$'06 6'>ep'06 17'<+'07 15'I!'08 1/'9a"'09
(ppro"al
8ate of Shareholder!s 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05 1/'7ct'05
appro"al
N%$er of options `Ǵ 8/Ǵ 910#000 109#000 77#000 50#000
granted
7ethod of Settlement 5Luity 5Luity 5Luity 5Luity 5Luity 5Luity
9CashA5Luity:
>raded <esting 4eriod
(fter 1 year of grant date 10H of 10H of 10H of 10H of 10H of 10H of
options options options options options options
granted granted granted granted granted granted
(fter 2 years of grant date 20H of 20H of 20H of 20H of 20H of 20H of
options options options options options options
granted granted granted granted granted granted
(fter 3 years of grant date 30H of 30H of 30H of 30H of 30H of 30H of
options options options options options options
granted granted granted granted granted granted
(fter 4 years of grant date 40H of 40H of 40H of 40H of 40H of 40H of
options options options options options options
granted granted granted granted granted granted
51er+isa,le period 10 years 10 years 10 years 10 years 10 years 10 years
from "esting from "esting from "esting from "esting from "esting from "esting
date date date date date date
<esting Conditions 3n a+hie"ement of predetermined targets-
The series)ise details have 0een summari9ed 0elo)5
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the
,eginning of the period
(N%$er of >hares)
' ' 4*000 ' ' 14#800
<ddM Aranted drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 3orfeited drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 1(ercised drin+
the period (N%$er of
Shares:
' ' 4*000 ' ' 14#800
LessM 1(pired drin+
the period (N%$er of
Shares:
' ' ' ' ' '
march 3#! (#&
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
march 3#! (#3
Series i Series ii Series iii Series i? Series ? Series ?i
N%$er of N%$er of N%$er of N%$er of N%$er of N%$er of
Shares Shares Shares Shares Shares Shares
3utstanding at the
,eginning of the period
(N%$er of >hares)
81#900 1/#500 /9#050 ' &8#400 /΄
<ddM Aranted drin+ ' ' ' ' ' '
Shares:
LessM 3orfeited drin+
the period (N%$er of
Shares:
' ' ' ' ' '
LessM 1(ercised drin+
the period (N%$er of
Shares:
10*400 6#000 11*400 ' &/#600 11*100
LessM 1(pired drin+
the period (N%$er of
Shares:
71#500 7#500 &/#650 ' 4800 7#000
3utstanding at the end
of the period (N%$er of
Shares:
' ' 4*000 ' ' 14#800
51er+isa,le at the end of
the period (N%$er of
Shares:
' ' 4*000 ' ' '
/eighted a"erage
remaining +ontra+tual life
9in years:
5.09 5.49 6.01 6.88 7.78 8.60
/eighted a"erage fair
"alue of options granted
59.04 91.75 74.85 1/6.40 &5/.90 &01.45
/eighted ("erage
1(ercise Price(:s.)
/5.00 /5.00 /5.00 /5.00 /5.00 /5.00
$= empLo*ee SToC- opTion pLan (Contd=)
3utstanding at the end
of the period (N%$er of
Shares:
' ' ' ' ' '
51er+isa,le at the end of
the period (N%$er of
Shares:
' ' ' ' ' '
/eighted a"erage
remaining +ontra+tual life
9in years:
' ' ' ' ' '
/eighted a"erage fair
"alue of options granted
59.04 91.75 74.85 1/6.40 &5/.90 &01.45
/eighted ("erage
1(ercise Price(:s.)
/5.00 /5.00 /5.00 /5.00 /5.00 /5.00
the period (N%$er of
$= empLo*ee SToC- opTion pLan (Contd=)
T2e +etil- of e!erci-e price for -tock option- out-tn+ing t t2e en+ of t2e 6er re7
march 3#! (#&
There are no sto+& options outstanding as at
march 3#! (#3
7ar+h 31* 2014-
)eighted
average
remaining
contractual )eighted
Series
range o.
e!erci-e
prices
num0er
o. options
outstanding
li.e o.
options
(in *ears)
average
e!erci-e
price
Series i :s. /5G' ' 5.09 :s. /5G'
Series ii :s. /5G' ' 5.49 :s. /5G'
Series iii :s. /5G' 4*000 6.01 :s. /5G'
Series i? :s. /5G' ' 6.88 :s. /5G'
Series ? :s. /5G' ' 7.78 :s. /5G'
Series ?i :s. /5G' 14#800 8.60 :s. /5G'
Stoc- options granted
Series i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 59.04. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((5 (($ ((" ((%
Kei+hted a)era+e share price (:s.) 9/./0 9/./0 9/./0 9/./0
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: /8.44 /8.44 /8.44 /8.44
?istori+al <olatility N< N< N< N<
Life of the options granted 9<esting and e1er+ise period:
in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 5.98 6.// 6.54 6.7/
51pe+ted di"idend rate 9H: 2-31 2-31 2-31 2-31
Series ii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 91.75. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 130-10 130-10 130-10 130-10
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 19.89 19.89 19.89 19.89
?istori+al <olatility N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.64 6.8/ 6.9/ 7.&6
51pe+ted di"idend rate 9H: &.5& &.5& &.5& &.5&
The *ei+hted a)era+e share price for the period o)er *hich stoc, options *ere e(ercised *as :s.650.99
(9arch /1# &01/M :s. 660.98)
$= empLo*ee SToC- opTion pLan (Contd=)
Series iii5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 74.85. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
(($ ((" ((% (('
Kei+hted a)era+e share price (:s.) 111.&5 111.&5 111.&5 111.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: /1.85 /1.85 /1.85 /1.85
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 6.96 7.10 7.&6 7.40
51pe+ted di"idend rate 9H: &.5& &.5& &.5& &.5&
Series i?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. 1/6.40. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((" ((% ((' (#(
Kei+hted a)era+e share price (:s.) 168.05 168.05 168.05 168.05
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 41.51 41.51 41.51 41.51
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 7.68 7.76 7.8& 7.87
51pe+ted di"idend rate 9H: 0.89 0.89 0.89 0.89
Series ?5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &5/.90. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((% ((' (#( (##
Kei+hted a)era+e share price (:s.) &94.50 &94.50 &94.50 &94.50
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 69.&& 69.&& 69.&& 69.&&
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 3-00 3-00 3-00 3-00
<)era+e ris,'free interest rate (4) 9.41 9./6 9./4 9./6
51pe+ted di"idend rate 9H: 1.6/ 1.6/ 1.6/ 1.6/
$= empLo*ee SToC- opTion pLan (Contd=)
Series ?i5
The *ei+hted a)era+e fair )a!e of stoc, options +ranted *as :s. &01.45. The 2!ac, >cho!es %ode! has $een sed for
co%ptin+ the *ei+hted a)era+e fair )a!e of options considerin+ the fo!!o*in+ inptsM
((' (#( (## (#
Kei+hted a)era+e share price (:s.) &45.&5 &45.&5 &45.&5 &45.&5
1(ercise Price (:s.) /5.00 /5.00 /5.00 /5.00
51pe+ted <olatility 9H: 64.80 64.80 64.80 64.80
?istori+al <olatility 9H: N< N< N< N<
Life of the options granted
9<esting and e1er+ise period: in years
1.50 &.50 /.50 4.50
1(pected di)idends per ann% (:s.) 5.00 5.00 5.00 5.00
<)era+e ris,'free interest rate (4) 4-03 4.68 5.&0 5.64
51pe+ted di"idend rate 9H: 1.96 1.96 1.96 1.96
The e(pected )o!ati!it" *as deter%ined $ased on historica! )o!ati!it" data e;a! to the N>1 )o!ati!it" rate of 2an, Nift"
*hich is +onsidered as a +ompara,le peer group of the Company- To allo% for the effe+ts of early e1er+ise* it %as
assumed that the employees %ill e1er+ise the options %ithin si1 months from the date of "esting in "ie% of the e1er+ise
pri+e ,eing si+nificant!" !o*er than the %ar,et price.
1ffect of the e%p!o"ee share'$ased pa"%ent p!ans on the state%ent of profit and !oss and on its financia! positionM
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
Tota! co%pensation cost pertainin+ to e%p!o"ee share'$ased
payment plan 9entirely eLuity settled:
8./6 (86.69)
Lia,ility for employee sto+& options outstanding as at year end 8/.61 34-00
8eferred +ompensation +ost 76.15 0.90
$= empLo*ee SToC- opTion pLan (Contd=)
.ince t2e enterpri-e u-e+ t2e intrin-ic 'lue met2o+ t2e impct on t2e reporte+ net profit n+ erning- per -2re
0* appl*ing the .air value 0ased method is as .ollo)s5
In 9arch &005# IC<I has issed a +idance note on D<ccontin+ for 1%p!o"ees >hare 2ased Pa"%entsE app!ica$!e to
e%p!o"ee $ased share p!an the +rant date in respect of *hich fa!!s on or after <pri! 1# &005. The said +idance note
reLuires that the proforma dis+losures of the impa+t of the fair "alue method of a++ounting of employee sto+&
+ompensation accontin+ in the financia! state%ents. <pp!"in+ the fair )a!e $ased %ethod defined in the said +idance
note# the i%pact on the reported net profit and earnin+s per share *o!d $e as fo!!o*sM
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
Profit as reported (:s. in !acs) 1/5#79/.7/ 146#/4&.79
<ddM 1%p!o"ee stoc, co%pensation
nder intrinsic )a!e %ethod (:s. in !acs)
8./6 (86.69)
LessM 1%p!o"ee stoc, co%pensation
nder fair )a!e %ethod (:s. in !acs)
9.8/ (80.&0)
Profor%a profit (:s. in !acs) 1/5#79&.&6 146#//6./0
earnings per share
Basic (rs=)
' <s reported 59.85 64.5&
' Profor%a 59.85 64.51
diluted (rs=)
' <s reported 59.85 64.51
' Profor%a 59.85 64.51
No%ina! 0a!e (:s.) :s. 10.00 :s. 10.00
"= LeaSeS
in case o. assets ta-en on lease
The Arop has ta,en )arios office pre%ises# frnitre and fi(tres# co%pters and p!ant and %achiner" nder operatin+
!ease. The !ease pa"%ents reco+ni-ed in the state%ent of profit J !oss are :s. 7#414.97 !acs (9arch /1# &01/ M :s.
6#565.64 !acs). Certain a+ree%ents pro)ide for cance!!ation $" either part" or certain a+ree%ents contains c!ase for
esca!ation and rene*a! of a+ree%ents. The non'cance!!a$!e operatin+ !ease a+ree%ents are ran+in+ for a period 6 to 144
months- There are no restri+tions imposed ,y lease arrangements- There are no su, leases-
The ftre %ini%% !ease pa"%ents in respect of non'cance!!a$!e operatin+ !ease as at the $a!ance sheet date are
s%%ari-ed $e!o* M
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
minimum Lease pa*ments5
Not !ater than one "ear 1#015.&7 950.11
Later than one "ear $t not !ater than fi)e "ears 1#6&/.74 781.9&
Later than fi)e "ears 45/.84 58.81
%=
*n ccor+nce wit2 t2e (e-er'e Bnk of *n+i circulr no.(B*D200"E07D 225 ,%B. (P,) 4.4 %o. 87D03.02.004D200"E
07 +te+ Gnur6 4, 2007, t2e 4ompn6 2- crete+ floting c2rge on t2e -ttutor6 li:ui+ --et- compri-ing
of in'e-tment in >o'ernment .ecuritie- to t2e e!tent of (-. 34,07".00 lc- (/rc2 31, 20137 (-. 24,1"1.00 lc-)
in .avour o. trustees representing the pu0lic deposit holders o. the Compan*=
'= reLaTed parTieS diSCLoSure
(elte+ prt6 w2ere control e!i-t-
other related parties
1nterprises ha)in+ si+nificant inf!ence M >hrira% Co!din+s (9adras) Pri)ate Li%ited
o)er the Co%pan" (pto No)e%$er 05# &01&)
Shriram Capital Limited
Ne*$rid+e India In)est%ents II Li%ited (pto 9a" 10# &01/)
Shriram 3%nership Trust
Shriram Finan+ial <entures 9Chennai: 4ri"ate Limited
9 %-e-f- (ugust 31* 2012:
<ssociates M Shriram (sset 7anagement Company Limited
(pto Ine 18# &01/)
8e" 9ana+e%ent Personne! M 9r. ?%esh :e)an,ar# 9ana+in+ Birector
9r. Pratap Paode# Chief 1(ecti)e 7fficer# >hrira%
5Luipment Finan+e Company Limited
9r. >a%eer 9a!hotra# Chief 1(ecti)e 7fficer# >hrira%
(utomall 'ndia Limited
:e!ati)es of 8e" 9ana+e%ent Personne! M 9rs. >chita ?. :e)an,ar (spose of 9r. ?%esh :e)an,ar)
9aster >hirish ?. :e)an,ar ( son)
9aster >hre"as ?. :e)an,ar (son)
9rs. Aeeta A. :e)an,ar (%other)
7rs- $idisha 4aode9spouse of 7r- 4ratap 4aode:
7rs- =amini 7alhotra 9spouse of 7r- Sameer 7alhotra:
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
P6ment-D&!pen-e-
1%p!o"ee $enefits for ,e" %ana+e%ent
personnel
' ' ' '
&05.8/ 18&.19
' '
(5=%3 #%=#'
Car rental +harges ' ' ' ' ' ' 5.88 5.&8 5=%% 5=%
:o"a!t" paid to >hrira% 7*nership Trst ȱ.58 &#&5/./7 ' ' ' ' ' ' !5$#=5% !53=3"
8ata sour+ing fees paid to Shriram 3%nership
Trust
716.59 6&0./9 ' ' ' ' ' ' "#$=5' $(=3'
Ser"i+e +harges paid to Shriram 3%nership
Trust
4#&99.56 /#7&&./5 ' ' ' ' ' ' &!''=5$ 3!"=35
Ser"i+e +harges paid to Shriram Capital Limited /#9/7.95 /#517.01 ' ' ' ' ' ' 3!'3"='5 3!5#"=(#
1;it" di)idend paid Z ' ' ' ' 3-13 1.5& ' ' 3=#3 #=5
' >hrira% Capita! Li%ited 4#104.08 1#755.08 ' ' ' ' ' ' &!#(&=(% #!"55=(%
Non'con)erti$!e de$entre %atred Z ' ' ' ' ' ' 2-01 1.09 =(# #=('
Fi1ed deposit matured ' ' ' ' ' ' 1-02 ' #=( ,
Interest on fi(ed deposit ' ' ' ' ' ' 0.15 0-12 (=#5 (=#
'nterest on su,ordinated de,t ' ' 17.50 76./0 ' ' 0.07 0-04 #"=5" "$=3&
Interest on non'con)erti$!e de$entre ' ' 0-12 0.6& 0./8 ' 1.78 1.18 =% #=%(
'n"estment in preferen+e shares in Shriram
<sset 9ana+e%ent Co%pan" Li%ited Z
' ' ' 100-00 ' ' ' ' , #((=((
1%p!o"ee $enefits paid Z
' >hrira% Capita! Li%ited ' 17.&4 ' ' ' ' ' ' , #"=&
:ent paid ' ' 0./9 &.&6 ' ' ' ' (=3' =$
' >hrira% Capita! Li%ited &0.55 ' ' ' ' ' ' ' (=55 ,
3ther administrati"e e1penses paid to
' >hrira% Capita! Li%ited 5.11 ' ' ' ' ' ' ' 5=## ,
?nsecred !oan +i)en Z
' >hrira% Capita! Li%ited ' /4#500.00 ' ' ' ' ' ' , 3&!5((=((
0
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%= reLaTed parTieS diSCLoSure (Contd=)
(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
(eceipt-D*ncome
51penses
;nse+ured loan repaid [
' >hrira% Capita! Li%ited ' /7#000.00 ' ' ' ' ' ' , 3"!(((=((
'nterest re+ei"ed on unse+ured loan
' >hrira% Capita! Li%ited ' 1#167.4/ ' ' ' ' ' ' , #!#$"=&3
:ent and e!ectricit"
' >hrira% Capita! Li%ited 11-32 15.17 ' ' ' ' ' ' ##=3 #5=#"
' >hrira% <sset 9ana+e%ent Co%pan"
Limited
' ' 1.16 5.40 ' ' ' ' #=#$ 5=&(
Non'con)erti$!e de$entre [ ' ' ' ' ' ' /.&9 &./8 3=' =3%
Fi1ed deposit [ ' ' ' ' ' ' &.09 ' =(' ,
Su,ordinated de,ts [ ' ' ' ' ' ' 0.80 ' (=%( ,
<pp!ication %one" of NCB [ ' ' ' ' ' ' ' 0.50 , (=5(
%= reLaTed parTieS diSCLoSure (Contd=)
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(:s. in !acs)
particulars
&nterpri-e- 2'ing -ignificnt
influence o'er t2e compn6 associates
-e* management
personnel(managing director!
)hole time director! manager and
other management personnel)
relative o. -e* management
personnel Total
march 3#!
(#&
march 3#!
(#3
march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3 march 3#! (#& march 3#! (#3
Balance outstanding at the *ear end
Share Capital ' ' ' ' 5.5& 5.08
' ' 5=5 5=(%
' >hrira% Capita! Li%ited 5#910./& 5#850.&8 ' ' ' ' ' ' 5!'#(=3 5!%5(=%
'n"estment in 5Luity shares
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' 240-00 ' ' ' ' , &(=((
'n"estment in 4referen+e shares
' >hrira% <sset 9ana+e%ent Co%pan" Li%ited ' ' ' 100-00 ' ' ' ' , #((=((
Non'con)erti$!e de$entre ' ' ' 6.00 4./8 ' 15.86 7.09 (=& #3=('
Interest pa"a$!e on Non'con)erti$!e de$entre ' ' ' ' 0-22 ' 1.19 1-03 #=&# #=(3
:ent recei)a$!e fro% >hrira% Capita! Li%ited 0.94 0.94 ' ' ' ' ' ' (='& (='&
(dministrati"e e1penses paya,le to Shriram
Capital Limited
/.65 ' ' ' ' ' ' ' 3=$5 ,
3utstanding e1penses
'>hrira% 7*nership Trst &/0.94 1#998.44 ' ' ' ' ' ' 3(='& #!''%=&&
Fi1ed deposit ' ' ' ' ' ' &.09 1-02 =(' #=(
Interest pa"a$!e on fi(ed deposit ' ' ' ' ' ' 0-12 0-30 (=# (=3(
Su,ordinated de,t ' ' ' 413-40 ' ' 1-10 0-30 #=#( ="(
'nterest paya,le on su,ordinated de,t ' ' ' &70.57 ' ' 0.18 0-11 (=#% "(=$%
Z Benotes pa"%ents
[ Benotes receipts
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
1#2
Shriram Transport Finan+e Company Limited
3(= ConTin>enT LiaBiLiTieS noT pro?ided <or
(:s. in !acs)
as at march 3#! (#& as at march 3#! (#3
a- 'n respe+t of 'n+ome ta1 demands %here the +ompany has
fi!ed appea! $efore CIT(<ppea!s)
5ʧ.&& 46#689.1&
,- 0<T de%and *here the co%pan" has fi!ed appea! $efore
Tri,unal
&1.14 1#84/.09
+- Ser"i+e ta1 lia,ility pertaining to ?4ALease 1&4.07 '
d- >uarantees and +ounter guarantees &/7#80/.49 &&7#&50.85
3tre cash otf!o*s in respect of (a)# ($) and (c) a$o)e are deter%ina$!e on!" on receipt of .d+e%ents Gdecisions pendin+
%ith "arious forumsAauthorities- The Company is of the opinion that a,o"e demands are not sustaina,le and e1pe+ts to
su++eed in its appeals-
The Co%pan" has recei)ed >ho* Case Notice de%andin+ ser)ice ta( on ser)ices rendered to*ards pro)ision of
co!!ection of recei)a$!es and !i;idit" faci!ities in respect of >ecritisation G Birect <ssi+n%ents for the period &008'09 to
&011'1& and the same is +ontested ,y the Company-
(:s. in !acs)
,i-pute+ income t! +emn+ re on ccount of as at march 3#! (#& as at march 3#! (#3
a- Transfer to stattor" reser)e# pro)ision for NP<#
se+uritisation* et+
/͢.77 &7#&88.44
,- >ecritisation and ro"a!t" for <F &008'09 and &007'08 19#77/.64 19#400.68
+- 8isallo%an+e of 5S34 e1penses /8.81 '
5!$"'= &$!$%'=#
(:s. in !acs)
Commitments not provided .or as at march 3#! (#& as at march 3#! (#3
a- 5stimated amount of +ontra+ts remaining to ,e e1e+uted on
+apital a++ount
194.11 /94.81
,- ;n+alled amount in in"estment in 'C'C' 'n"estment
7anagement Company Limited
1#046.96 1#6&6.85
1#3
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T
The Company sells loans through se+uritisation and dire+t assignment-
The information on se+uritisation of the Company as an originator in respe+t of se+uritisation transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under par stru+ture &10#869 &16#084
Total ,oo& "alue of loan assets 805#6/5.46 780#/79.6&
Sale +onsideration re+ei"ed 805#6/5.46 780#/79.6&
The information on se+uritisation of the Company as an originator in respe+t of outstanding amount of se+uritised assets
is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of >P0s sponsored $" the Co%pan" for secritisation
transa+tions
48 34
Total amount of se+uritised assets as per the ,oo&s of S4<s
sponsored ,y the Company
1#&&6#69&.65 94/#519.90
Total amount of e1posures retained ,y the Company to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss 751.&5 751.&5
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss 80#/49.45 /8#/54.45
'n"estment in 4TC 56#/47.80 /7#11&.85
<%ont of e(posres to secritisation transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n se+uritisations
First Loss ' 1#&07.00
3thers 96#464.9& 4/#955.46
ii: 51posures to third party se+uritisations
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n se+uritisations
First Loss 11#664.54 11#46&.58
3thers &7#/07.99 /6#045.91
ii: 51posures to third party se+uritisations
First Loss ' '
3thers ' '
1#4
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of par transa+tion done during the
"ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under par stru+ture 87#15/ 51#9&0.00
Total ,oo& "alue of loan assets &6&#/19./& 98#050.69
Sale +onsideration re+ei"ed &6&#/19./& 98#050.69
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder par strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 55 70
Total amount outstanding 4&/#&&8./8 8/8#866.0&
Total amount of e1posures retained ,y the +ompany to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
'n"estment in 4TC &/#841.58 9#805.07
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss &6#909.41 /6#749.49
3thers 97#&87.54 1/4#145.&1
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 19#7/7.&7 //#577.5&
3thers 575.61 1&#&68.1&
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
1#5
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3#= .&4J(*T*.$T*1%D ,*(&4T $..*>%/&%T (Contd=)
The information on dire+t assignment of the Company as an originator in respe+t of premium transa+tion done during
the "ear is +i)en $e!o*M
(:s. in !acs)
particulars
*ear ended
march 3#! (#&
*ear ended
march 3#! (#3
Total num,er of loan assets under premium stru+ture ' '
Total ,oo& "alue of loan assets ' '
Sale +onsideration re+ei"ed ' '
The information on dire+t assignement of the Company as an originator in respe+t of outstanding amount of assets
assi+ned nder pre%i% strctre is +i)en $e!o*M
(:s. in !acs)
particulars
as at
march 3#! (#&
as at
march 3#! (#3
No. of transactions assi+ned $" the Co%pan" 6 13
Total amount outstanding 4#/58.10 /̡.8&
Total amount of e1posures retained ,y the +ompany to +omply %ith
9:: as on the date of 2a!ance >heet
a: 7ff ' 2a!ance >heet 1(posres
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
First Loss ' '
'n"estment in 4TC ' '
<%ont of e(posres to assi+ned transaction other than 9::
a: 7ff ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 4*222-20 6#168.&0
3thers 1#8/1.00 17#&80.6/
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
,: 7n ' 2a!ance >heet 1(posres
i: 51posures to o%n assigned transa+tions
First Loss 1#754./6 19#884.&7
3thers /0/.45 5#7&7.9/
ii: 51posures to third party assigned trana+tions
First Loss ' '
3thers ' '
1#
Shriram Transport Finan+e Company Limited
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3=
B-e+ on t2e intimtion recei'e+ 96 t2e >roup, -ome of t2e -upplier- 2'e confirme+ to 9e regi-tere+ un+er
NThe micro! Small and medium enterprises development (@mSmed3) act! (($O= accordingl*! the disclosures
relting to mount- unpi+ - t t2e 6er en+e+ toget2er wit2 intere-t pi+ Dp69le re furni-2e+ 9elow7
(:s. in !acs)
particulars as at march 3#! (#& as at march 3#! (#3
The prin+ipal amount remaining unpaid to supplier as at the end of
the year
' '
The interest due thereon remaining unpaid to supplier as at the end
of the year
' '
The a%ont of interest paid in ter%s of >ection 16# a!on+ *ith the
amount of payment made to the supplier ,eyond the appointment
day during the year
' '
The amount of interest due and paya,le for the year of delay in
ma&ing payment 9%hi+h ha"e ,een paid ,ut ,eyond the appointed
da" drin+ the "ear) $t *ithot addin+ the interest specified nder
this (+t
' '
The amount of interest a++rued during the year and remaining
unpaid at the end of the year
' '
The amount of further interest remaining due and paya,le e"en in
the su++eeding years* until su+h date %hen the interest dues as
a,o"e are a+tually paid to the small enterprise for the purpose of
disallo%an+e as a dedu+ti,le e1penditure under se+tion 23 of the
9icro >%a!! and 9edi% 1nterprise Be)e!op%ent <ct# &006
' '
33=
*n ++ition to t2e u+itor- remunertion -2own in operting n+ ot2er e!pen-e-, t2e 4ompn6 2- l-o incurre+
auditors remuneration in connection )ith audit and related statutor* services to 0e per.ormed 0* auditors in
connection )ith pu0lic issue o. non converti0le de0entures o. rs= #(=$ lacs (march 3#! (#35 rs= 53=3% lacs)
Linclu+ing out of pocket e!pen-e- of (-. 1.52 lc- (/rc2 31, 20137 (-. 0.4" lc-)M 2'e 9een morti-e+ - per
note #3 and sho)n under other assets=
&64#510#406.00
'Cash 200-00
'2an, 11#460#048.00
'7ther <sset (<d)ance ta() /#5/4#&71.00
LessM Lia$i!ities (creditors) (17#500.00)
<air ?alue o. net asset ta-en over "'!&%"!&5=((
Less5
<dditiona! isse of e;it" share (500#868 e;it" shares
of :s. 10 each)
(5#008#680.00)
"&!&"%!"&5=((
1#B
<nna! :eport &01/'14 ConSoLidaTed aCCounTS
0notes! Fo)ming 4a)t oF the +onsolidated
Finan+ial statements Fo) the yea) ended ma)+h 31* 2014 9+ontd-:
3&=
/&(>&( 1) .2(*($/ 21=,*%>. (/$,($.) P(*?$T& =*/*T&, LB.2/P=CM F*T2 T2&
Compan* durin> The *ear ended marCh 3#! (#3! 5
9a: 3n 8e+em,er 21* 2011* the $oard of 8ire+tors of the Company ha"e appro"ed the merger S?74L %ith the
Company-
'n terms of the S+heme of (malgamation & (rrangement 9S+heme: appro"ed ,y ?on!,le ?igh Court of 7adras "ide
order dated >epte%$er 1/# &01& and s$se;ent fi!in+ thereof *ith the :e+istrar of Co%panies (H:7C@)# Ta%i! Nad
dated No)e%$er 05# &01&# >hrira% Co!din+s (9adras) Pri)ate Li%ited (D>C9PLE)# an In)est%ent co%pan" has $een
a%a!+a%ated *ith the Co%pan" *ith effect fro% <pri! 01# &01&. The sche%e *as effecti)e on!" after the fi!in+ thereof
*ith :7C# Ta%i! Nad and had an appointed date of <pri! 01# &01&.
($) Prior to the %er+er# >C9PL he!d 9/#/71#51& shares of the Co%pan".
9+: The amalgamation has ,een a++ounted for under the X4ur+hase methodY as pres+ri,ed ,y X(++ounting Standard
14 (<>'14) <ccontin+ for <%a!+a%ationE notified nder Co%panies (<ccontin+ >tandards) :!es# &006 (as
amended:-
(d) In accordance *ith the said >che%eM
i: (ll the assets 9other than shares of the Company held ,y XS?74LY of the Company:* de,ts* lia,ilities* duties
and o,ligations of S?74L ha"e ,een "ested in the Company %ith effe+t from (pril 01* 2012 and ha"e ,een
re+orded at their respe+ti"e Fair "alues under the pur+hase method of a++ounting for amalgamation- There
%ere no differen+e in the a++ounting poli+ies of XS?74LY and the Company-
ii) 1(chan+e ratio deter%ined at /1/M1&4 (i.e. /1/ e;it" shares of :s. 10G' each of the Co%pan" for e)er" 1&4
e;it" shares of :s. 10G' each of D>C9PLEand these e;it" shares ran,in+ pari'pass *ith the e(istin+ e;it"
shares of the Company-
iii) <dditiona! isse of 500#868 e;it" shares to the shareho!ders of >C9PL# prsant to Net <ssets ta,en of
S?74L o"er ,y the Company-
i)) In accordance *ith the said sche%e# e(cess of the Net <ssets 0a!e ta,en o)er $" the Co%pan" )is'a')is
additional eLuity shares issued has ,een transferred to +apital reser"es-
)) Betai!s of Net <ssets ta,en o)er and transfer to Capita! reser)e is as nderM
<air ?alue o. the asset5
'In)est%ent
amount in rupees
amount ta-en to capital reserves on amalgamation
35=
$,GJ.T/&%T ,J& T1 ,&4(&$.&D(*%4(&$.&) *% .T14k
o< uSed CommerCiaL ?ehiCLeS
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
3pening sto+& 9(: ' 96.11
LessM C!osin+ stoc, (2) ' '
,ecre-eD(incre-e) in -tock of u-e+ commercil 'e2icle-
(a,B)
, '$=##
3$=
addiTionaL in<ormaTion purSuanT To The pro?iSionS o<
para>raph 3 o< parT ii o< SCheduLe ?i o< The aCT=
details o. Stoc- and Sales o. ?ehicles5 march 3#! (#&
(:s. in !acs)
opening Stoc- purchases Closing Stoc- >ross Sales
Auantit* ?alue (rs in
(nos) lacs)
Auantit*
(nos)
Auantit* ?alue (rs in
(nos) lacs)
Auantit* ?alue
(nos) (rs in lacs)
, , , , , , ,
details o. Stoc- and Sales o. ?ehicles5 march 3#! (#3
(:s. in !acs)
opening Stoc- purchases Closing Stoc- >ross Sales
Auantit* ?alue (rs in Auantit* Auantit* ?alue (rs in Auantit* ?alue
(nos) lacs) (nos) (nos) lacs) (nos) (rs in lacs)
5 '$=## , , , 5 %&=#"
3"= eCpendiTure in <orei>n CurrenC* (<CC:?<L 2<>I>)
(:s. in !acs)
particulars
<or the *ear ended
march 3#! (#&
<or the *ear ended
march 3#! (#3
:atin+ fees 4/.90 '
Computer soft%are 7.// '
Total 5#=3 ,
3%= pre?iouS *ear ComparaTi?eS
Pre)ios "ear fi+res ha)e $een re+roped G rearran+ed# *here)er considered necessar"# to confor% *ith crrent "ear@s
presentation-
(s per our report of e"en date
For S=r=BaTLiBoi : Co= LLp For >= d= apte : Co= For and on ,ehalf of the $oard of 8ire+tors of
IC<I 3ir% :e+istration No. /0100/1
Char!ered Accoun!an!s
IC<I 3ir% :e+istration No. 100515K
Char!ered Accoun!an!s
Shriram Transport <inance Compan* Limited
per ?iren h= mehta
&ar!ner
9e%$ership No. 048749
ame*a d= Tam0e-ar
&ar!ner
9e%$ership No. 1&8/55
arun duggal
Chairman
umesh revan-ar
Mana'in' "irec!or
7um,ai
<pri! &9# &014
parag Sharma
Chief Financial Officer
?ive- m= ach)al
Com(an) Secre!ar)
notes
ConSoLidaTed aCCounTS <nna! :eport &01/'14
1##
notes
200
Shriram Transport Finan+e Company Limited
Printed at ><I >C:I:<9 P:INT1:> (< BI0I>I7N 73 >ICL)
Shriram Transport Finan+e Company Limited
%% % -stf+-in
f;~'~'
*
\
CINM L65191 TN1979PLC00787 4
:e+d. 7fficeM 9oo,a%$i,a Co%p!e(# /rd 3!oor# No.4# Lad" Besi,a :oad# 9"!apore# Chennai ' 600 004
Te! NoM T91 44&4990/56 3a(M T91 44&499/&7&. Ke$siteM ***.stfc.in 1%ai! idM secretaria!Ystfc.in.
37:9<
3or%at of co)erin+ !etter of the <nna! <dit :eport to $e fi!ed *ith the >toc, 1(chan+es
1 Na%e of the Co%pan"M >hrira% Transport 3inance
Co%pan" Li%ited
& <nna! financia! state%ents for the "ear ended /1st 9arch &014
/ T"pe of <dit o$ser)ation ?n';a!ified
4 3re;enc" of o$ser)ation None
5 To $e si+ned $"' .
]
9r. ?%esh :e)an,ar
C17G9ana+in+ Birector
*
=
9r. Para+ >har%a
Chief 3inancia! 7fficer
=
<ditors of the co%pan"M
]
9r. >hra*an Ia!an
Partner
9e%$ership No .. 10&10&
3or >.:.2at!i$oi & Co. LLP#
*
Chartered <ccontants
IC<I 3ir% :e+istration N%$erM/0!70/1
]
9r. <%e"a Ta%$e,ar
Partner
9e%$ership No.!&8/55
3or A. B. <pte & Co.
Chartered <ccontants
IC<I 3ir% :e+istration N%$erMI00515K
i510O5
KK
#'
C
i
i-
Shrlram Transport Finan+e Company limited* /o+&hardt To%ers* Le"el- 3* /est /ing* C-2* >-$lo+=- Sandra - =urla Comple1* Sandra 95as^:*7um,ai - 400 051-
TelC I #1 22 40#5#5#5* Fa1C I#1 22 40#5#5#BA#* /e,siteC V7/'-stf+-in
'
.c...
=
/r. /. .. ?erm
$u+it 4ommittee 42irmn
# 7PQ (#&
or SRSISTM TSTQS+UST !"#"C$ C%. %T&.'
KK
V. M=Tch)al
C'
m
pany Secretary(
Shrlram Transport <inance Compan* Limited! /o+llhardt To%ers- Le"el- 3- /est /ing* C-2* >-D'o+&- Sandra - =urla Comple1* Sandra 95ast:- 7um,ai - 400 051
* TelC I#1 22 40#5#5#5- Fa1C I#1 22 40#5#5#BA#* /e,siteC //<lstf+*in
f
-
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