Allahabad Bank Annual Report 2014 15 3h5g4c

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General Furniture items viz., Table, Chair, Almirah, Cabinet etc. (other than Safe- Deposit Lockers). 3

<±ÉäÎC]ÅõEò±É <Æº]õÉ±Éä¶ÉxÉ, {ÉÆJÉä, ±ÉÉ<]õ, BªÉ®úEòÆ b÷Ò¶ÉËxÉMÉ ¨É¶ÉÒxÉ®úÒ- °ü¨É BªÉ®úEòÆ b÷Ò¶ÉxÉ®ú ºÉÊ½þiÉ

18.10 /

Electrical Installation, Fan, Light, Air-conditioning Machinery including- Room Air-conditioners etc. 4

Franking machine, office machinery, weighing machine, typewriter, adding machine, Duplicating Machine & other office equipments. 5 6 7 8

ºÉä¡ò Êb÷{ÉÉÊVÉ]õ ±ÉÉEò® / Safe Deposit Lockers ¨ÉÉä]õ®úEòÉ® / Motor Car ºÉÉ<ÊEò±É/Cycle ¨ÉÉä]õ®ú ´ÉèxÉ(Eèò¶É ´ÉèxÉú) / Motor Van (Cash Van)

13.91 13.91 25.89 20.00 30.00

Eò¨{ªÉÚ]õ®úÉ,å b÷É]õÉ |ÉÉäºÉäËºÉMÉ ¨É¶ÉÒxÉÉå BB±É{ÉÒB¨É {É®ú +´ÉIÉªÉ EòÉ |ÉÉ´ÉvÉÉxÉ, ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖ°ü{É ºÉÒvÉÒ ®äúJÉÉ {ÉrùÊiÉ +ÉvÉÉ®ú {É®ú 33.33% EòÒ nù®ú ºÉä ÊEòªÉÉ VÉÉiÉÉ ½èþ ÊVÉºÉºÉä iÉÒxÉ ´É¹ÉÉæ ¨Éå +ÉÎºiÉ EòÉ ¨ÉÚ±ªÉ +´ÉÊ±ÉÊJÉiÉ ÊEòªÉÉ VÉÉ ºÉEäò* (v) {ÉÖxÉ¨ÉÚÇ±ªÉÉÆÊEòiÉ +ÉÎºiÉªÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå {ÉÖxÉ¨ÉÚÇ±ªÉÉÆEòxÉ Eäò ¡ò±Éº´É°ü{É +ÊiÉÊ®úHò +´ÉIÉªÉ EòÒ ®úÉÊ¶É EòÉä +É®úÊIÉiÉ {ÉÚVÆ ÉÒ ºÉä ±ÉÉ¦É ´É ½þÉÊxÉ ±ÉäJÉä ¨Éå +ÆiÉÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* (vi) ±ÉÒVÉ½þÉ±ä b÷ ¦ÉÚÊ¨É {É®ú |ÉÒÊ¨ÉªÉ¨É EòÉä ±ÉÒVÉ EòÒ +´ÉÊvÉ Eäò nùÉ®è úÉxÉ ºÉÒvÉÒ ®äúJÉÉ {ÉrùÊiÉ {É®ú {ÉÊ®ú¶ÉÉäÊvÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* (vii) ¯û.5000/- iÉEò Eäò {ÉÚV Æ ÉÒMÉiÉ ´ªÉªÉ ºÉÒvÉä “JÉSÉÇ JÉÉiÉÉ - ¨É®ú¨¨ÉiÉ B´ÉÆ ®úJÉ®úJÉÉ´É” ¨Éå xÉÉ¨Éä Ê±ÉJÉä VÉÉiÉä ½éþ* (viii) ´É¹ÉÇ Eäò nùÉ®è úÉxÉ GòªÉ EòÒ MÉ<Ç/¤ÉäSÉÒ MÉ<Ç/½þ]õÉ<Ç MÉ<Ç +ÉÎºiÉªÉÉå {É®ú ªÉlÉÉxÉÖ{ÉÉiÉ +ÉvÉÉ®ú {É®ú +´ÉIÉªÉ EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* (iv)

13.91

£åòËEòMÉ ¨É¶ÉÒxÉ, EòÉªÉÉÇ±ÉªÉ ¨É¶ÉÒxÉ®úÒ, ¦ÉÉ®úÉkä ÉÉä±ÉxÉ ¨É¶ÉÒxÉ, ]õÉ<{É®úÉ<]õ®ú, BËb÷MÉ ¨É¶ÉÒxÉ, bÖ÷{±ÉÒEäòË]õMÉ ¨É¶ÉÒxÉ, +Éè®ú +xªÉ EòÉªÉÉÇ±ÉªÉÒxÉ ={ÉEò®úhÉ /

(iv) On Computers, Data Processing Machines, ALPMs, depreciation is provided at the rate of 33.33% on Straight Line Method (SLM) so as to write down the asset value in three years as per RBI guidelines. (v)

In respect of revalued assets, the amount of additional depreciation consequent to revaluation is transferred from Revaluation Reserve to the Profit & Loss .

(vi) on Leasehold Land is amortized over the period of the lease on Straight Line Method. (vii) The Capital Expenditure up to ` 5000/- is debited directly to “Charges – Repairs & Maintenance.” (viii) Pro-rata depreciation is provided on the assets purchased / sold / discarded during the year.

182

(ix)

Ê´Énäù¶ÉÒ ¶ÉÉJÉÉ+Éå EòÒ +SÉ±Éú +ÉÎºiÉªÉÉå {É®ú +´ÉIÉªÉ EòÒ MÉhÉxÉÉ =ºÉ näù¶É ¨Éå |ÉSÉÊ±ÉiÉ EòÉxÉÚxÉ Eäò +xÉÖºÉÉ®ú EòÒ VÉÉiÉÒ ½èþ*

(ix) Depreciation on Fixed Assets of Foreign branches is provided as per the applicable laws prevalent in that country.

9.

+¨ÉÚiÉÇ +ÉÎºiÉªÉÉÄ (EÆò{ªÉÚ]õ®ú ºÉÉì}]õõ´ÉäªÉ®ú)

9.

Intangible Assets (Computer Software):

(i)

Eò¨{ªÉÚ]Ú õ®ú ½äþiÉÖ ºÉÉì}]õ´ÉäªÉ®ú, ÊVÉºÉ Ê´ÉÊ¶É¹]õ ºÉÉì}]õ´ÉäªÉ® Eäò Ê¤ÉxÉÉ EÆò¨{ÉÚ]õ®ú {ÉÊ®úSÉÉÊ±ÉiÉ xÉ½þÓ ½þÉä ºÉEòiÉÉ, ºÉÆ¤Érù ½þÉbÇ÷´ÉäªÉ®ú EòÉ +Ê¦ÉzÉ ¦ÉÉMÉ ½èþ, iÉlÉÉ +SÉ±É +ÉÎºiÉ ¨ÉÉxÉÉ VÉÉiÉÉ ½èþ* VÉ½þÉÄ ºÉÉì}]õ´ÉäªÉ® ½þÉbÇ÷´ÉäªÉ®ú EòÉ +Ê¦ÉzÉ +ÆMÉ xÉ½þÓ ½èþ ´É½þÉÄ EÆò{ªÉÚ]õ®ú ºÉÉì}]õ´ÉäªÉ® EòÉä +¨ÉÚiÉÇ +ÉÎºiÉ ¨ÉÉxÉÉ VÉÉiÉÉ ½èþ*

(i)

Software for a computer that cannot operate without that specific software is an integral part of related hardware and is treated as fixed assets. Where the software is not an integral part of the related hardware, Computer software is recognised as an Intangible Asset.

(ii)

´Éåb÷®úÉå ºÉä |ÉÉ{iÉ EÆò{ªÉÚ]õ®ú ºÉÉì}]õ´ÉäªÉ® EòÉä iÉ¤É +¨ÉÚiÉÇ +ÉÎºiÉ ¨ÉÉxÉÉ VÉÉªÉäMÉÉ VÉ¤É ºÉÉì}]õ´ÉäªÉ® EòÉ ¨ÉÚ±ªÉ/±ÉÉMÉiÉ `10 ±ÉÉJÉ ºÉä +ÊvÉEò ½þÉþä* <ºÉ |ÉEòÉ®ú EòÒ +¨ÉÚiÉÇ +ÉÎºiÉªÉÉÄ =xÉEòÒ ÊGòªÉÉ¶ÉÒ±É +´ÉÊvÉ Eäò nùÉ®è úÉxÉ +ÊvÉEòiÉ¨É 10 ´É¹ÉÇ EòÒ +´ÉÊvÉ iÉEò {ÉÊ®ú¶ÉÉäÊvÉiÉ EòÒ VÉÉiÉÒ ½èþ*

(ii)

Computer software acquired from vendors is recognised as Intangible Asset only if the value /cost of the software is more than `10 Lakhs. Such intangible assets are amortised over its effective life subject to a maximum period of ten years.

10.

Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É

10. Employee Benefits:

(i)

¤ÉéEò xÉä Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É Eäò ºÉÆ¤ÉÆvÉ ¨Éå +{ÉxÉÒ näùªÉiÉÉ+Éå EòÒ ¨ÉÉxªÉiÉÉ ½äþiÉÖ ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 15(ºÉÆ¶ÉÉäÊvÉiÉ)- Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É ±ÉÉMÉÚ ÊEòªÉÉ ½èþ*

(i)

The Bank has applied ing Standard 15(Revised) - Employees Benefits, issued by the Institute of Chartered ants of India, for recognition of its liabilities in respect of employee benefits.

nùÒPÉÉÇ´ÉÊvÉ {ÉÊ®ú¦ÉÉÊ¹ÉiÉ Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦ÉÉå Eäò |ÉÊiÉ näùªÉiÉÉ EòÉ ÊxÉvÉÉÇ®úhÉ ÊiÉ¨ÉÉ½þÒ +Éè®ú ´É¹ÉÇ Eäò +ÆiÉ ¨Éå º´ÉiÉÆjÉ ¤ÉÒ¨ÉÉÆEòEòÉå uùÉ®úÉ +ÊvÉ´ÉÌ¹ÉiÉÉ ªÉÉäVÉxÉÉ+Éå Eäò ÊxÉÊvÉªÉxÉ ºÉÆ¤ÉÆvÉÒ ¤ÉéEò EòÒ xÉÒÊiÉ ¨Éå Ê±ÉÊJÉiÉ Ê´ÉÊvÉªÉÉå EòÉ {ÉÉ±ÉxÉ Eò®úiÉä ½ÖþB ½èþ +Éè®ú xÉÒSÉä =Î±±ÉÊJÉiÉ ÊxÉÊiÉªÉÉå Eäò +xÉÖºÉÉ®ú {ÉÊ®úªÉÉäÊVÉiÉ <EòÉ<Ç |ÉhÉÉ±ÉÒ EòÉ |ÉªÉÉäMÉ Eò®úiÉä ½ÖþB SÉÖxÉä MÉB Ê´ÉÊ¦ÉzÉ ¤ÉÒ¨ÉÉÆÊEòEò {ÉÚ´ÉÉÇxÉÖ¨ÉÉxÉ uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* B. OÉèSªÉÖ]õÒ

(ii)

Liability towards long term defined employee benefits is determined based on actuarial valuation by independent actuaries at the quarter as well as in year-end by using various Actuarial Assumptions chosen following the modalities documented in the Bank’s Policy on Funding Superannuation Schemes and the Projected Unit Credit method as per policies mentioned herein below:

a.

Gratuity:

(ii)

¤ÉéEò ªÉlÉÉÎºlÉÊiÉ OÉèSªÉÖ]õÒ ¦ÉÖMÉiÉÉxÉ +ÊvÉÊxÉªÉ¨É, 1972/ºÉä´ÉÉ {ÉÆSÉÉ]õÉ/å ºÉä´ÉÉ Ê´ÉÊxÉªÉ¨ÉxÉÉå Eäò |ÉÉ´ÉvÉÉxÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå +{ÉxÉä Eò¨ÉÇSÉÉÊ®úªÉÉå EòÒ ºÉä´ÉÉ ÊxÉ´ÉÞÊkÉ +lÉ´ÉÉ ¨ÉÞiªÉÖ +lÉ´ÉÉ ºÉä´ÉÉ ºÉ¨ÉÉÎ{iÉ +ÉÊnù Eäò ¨ÉÉ¨É±ÉÉå ¨Éå OÉèSªÉÖ]õÒ EòÉ ¦ÉÖMÉiÉÉxÉ Eò®úiÉÉ ½èþ* OÉèSªÉÖ]õÒ Eäò ¦ÉÖMÉiÉÉxÉ ½äþiÉÖ ¤ÉéEò Eäò +Æ¶ÉnùÉxÉ ºÉä ºÉÞÊVÉiÉ ÊxÉÊvÉ EòÉ ®úJÉ®úJÉÉ´É +ÉÆiÉÊ®úEò ]Åõº]õ uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* ¤ÉéEò <ºÉ ÊxÉÊvÉ ¨Éå +{ÉxÉÉ +Æ¶ÉnùÉxÉ OÉèSªÉÖ]õÒ Eäò ºÉÆ¤ÉÆvÉ ¨Éå +{ÉxÉÒ näùªÉiÉÉ Eäò ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú Eò®úiÉÉ ½èþ* ¤ÉÒ. {Éå¶ÉxÉ (B¤ÉÒ<Çú{ÉÒ+É®ú): <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò (Eò¨ÉÇSÉÉ®úÒ) {Éå¶ÉxÉ Ê´ÉÊxÉªÉ¨ÉxÉ, 1995 (B¤ÉÒ<Çú{ÉÒ+É® - 1995ú) Eäò +ÆiÉMÉÇiÉ ¤ÉéEò =xÉ Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä {Éå¶ÉxÉ EòÉ ¦ÉÖMÉiÉÉxÉ Eò®úiÉÉ ½èþ ÊVÉx½þÉxå Éä <ºÉ Ê´ÉÊxÉªÉ¨ÉxÉ Eäò +ÆiÉMÉÇiÉ {Éå¶ÉxÉ EòÉ Ê´ÉEò±{É ÊnùªÉÉ ½èþ +Éè®ú =xÉ Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä ¦ÉÒ VÉÉä ¤ÉéEò ºÉä´ÉÉ ¨Éå 29.09.1995 ºÉä 31.3.2010 EòÒ +´ÉÊvÉ Eäò nùÉ®è úÉxÉ +ÉB ½éþ* <ºÉ ªÉÉäVÉxÉÉ ¨Éå ´ÉäiÉxÉ +Éè®ú +½ÇþEò ºÉä´ÉÉ Eäò +ÉvÉÉ®ú {É®ú, ºÉä´ÉÉ ÊxÉ´ÉÞÊkÉ/¨ÉÞiªÉÖ, VÉèºÉÉ ¦ÉÒ ¨ÉÉ¨É±ÉÉ ½þÉ,ä EòÒ ÎºlÉÊiÉ ¨Éå <xÉ Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä ¨ÉÉÊºÉEò +ÉvÉÉ®ú {É®ú {Éå¶ÉxÉ näùxÉä EòÉ |ÉÉ´ÉvÉÉxÉ ½èþä* {Éå¶ÉxÉ®ú Eäò Ê±ÉÊJÉiÉ +xÉÖ®úÉvä É {É®ú ¨ÉÚ±É {Éå¶ÉxÉ Eäò +ÊvÉEòiÉ¨É 1/3 EòÉä {ÉÊ®ú´ÉÌiÉiÉ Eò®úxÉä EòÉ ¦ÉÒ |ÉÉ´ÉvÉÉxÉ ½èþ* {ÉÊ®ú´ÉÌiÉiÉ ¨ÉÚ±É {Éå¶ÉxÉ 15 ´É¹ÉÇ {ÉÚhÉÇ ½þÉxä Éä Eäò {É¶SÉÉiÉ {ÉÖxÉ: SÉÉ±ÉÚ EòÒ VÉÉiÉÒ ½èþ* B¤ÉÒ<Ç{ÉÒ+É®ú-1995 Eäò +ÆiÉMÉÇiÉ ¶ÉÉÊ¨É±É Eò¨ÉÇSÉÉ®úÒ ¦ÉÊ´É¹ªÉ ÊxÉÊvÉ ¨Éå ¤ÉéEò Eäò +Æ¶ÉnùÉxÉ Eäò {ÉÉjÉ xÉ½þÓ ½éþ* {Éå¶ÉxÉ Eäò ¦ÉÖMÉiÉÉxÉ ½äþiÉÖ ¤ÉéEò Eäò +Æ¶ÉnùÉxÉ ºÉä ºÉÞÊVÉiÉ ÊxÉÊvÉ EòÉ ®úJÉ®úJÉÉ´É +ÉÆiÉÊ®úEò ]Åõº]õ uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* {ÉÒ.B¡ò. EòÒ ®éúËEòMÉ ½äþiÉÖ ¶ÉÉÊ¨É±É Eò¨ÉÇSÉÉÊ®úªÉÉå Eäò ´ÉäiÉxÉ Eäò 10% Eäò ºÉÉÆÊ´ÉÊvÉEò ¨ÉÉÊºÉEò +Æ¶ÉnùÉxÉ Eäò +ÊiÉÊ®úHò ¤ÉéEò <ºÉ ÊxÉÊvÉ ¨Éå +{ÉxÉÉ +Æ¶ÉnùÉxÉ {Éå¶ÉxÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå +{ÉxÉÒ näùªÉiÉÉ Eäò ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú Eò®úiÉÉ ½èþ VÉÉä ÊEòºÉÒ +xÉÖ¨ÉÉäÊnùiÉ ¤ÉÒ¨ÉÉÆÊEòEò uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

The Bank pays gratuity in case of retirement or death or resignation or termination etc. of its employees, having regard to the provisions of Payment of gratuity Act, 1972 / Service Awards / Service Regulations, as the case may be. A fund created out of Bank’s contribution is maintained by an in-house Trust for payment of gratuity. The Bank makes contribution to this fund on the basis of actuarial valuation of its liability. b.

Pension (ABEPR):

The Bank pays pension under Allahabad Bank (Employees) Pension Regulations, 1995(ABEPR-1995) to employees, who exercised option under the Regulations and also to Employees ing the Bank’ Service during the period from 29.09.1995 to 31.03.2010. The plan provides for a pension / family pension on monthly basis in respect of these employees on their retirement / death, as the case may be, based on the salary and qualifying service of the respective employees. There is also provision for commutation of pension to a pensioner, against written request, to the maximum extent of 1/3rd of Basic Pension. The commuted basic pension is restored after completion of 15 years of commutation. Employees covered under ABEPR – 1995 are not eligible for Bank’s contribution to Provident Fund. A fund created out of Bank’s contribution is maintained by an in-house Trust for payment of Pension. The bank makes contributions to this Fund on the basis of actuarial valuation of its liability in respect of Pension, which is conducted by approved Actuary, in addition to the statutory monthly contribution of 10% of Pay of the covered employees, ranking for PF.

183

ºÉÒ. UÖô^õÒ ÊEò®úÉªÉÉ Ê®úªÉÉªÉiÉ (B±ÉB¡òºÉÒ)

c.

ªÉ½þ ºÉÖÊ´ÉvÉÉ Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä |ÉnùÉxÉ EòÒ VÉÉiÉÒ ½èþ +Éè®ú <ºÉ¨Éå =tÉäMÉ´ÉÉ®ú ºÉ¨ÉZÉÉèiÉÉå/+´ÉÉbÇ÷ Eäò +xÉÖºÉÉ® ºÉ¨ÉªÉ-ºÉ¨ÉªÉ {É®ú ªÉlÉÉºÉÆ¶ÉÉäÊvÉiÉ ºÉä´ÉÉ ÊxÉªÉ¨ÉÉå Eäò +xÉÖºÉÉ®ú ªÉÉäVÉxÉÉ Eäò +ÆiÉMÉÇiÉ ªÉlÉÉ{ÉÊ®ú¦ÉÉÊ¹ÉiÉ ºÉÆ¤ÉÆÊvÉiÉ Eò¨ÉÇSÉÉ®úÒ Eäò {ÉÊ®ú´ÉÉ®ú Eäò ºÉnùºªÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå ÊEòB MÉB ªÉÉjÉÉ ´ªÉªÉ EòÒ |ÉÊiÉ{ÉÚÌiÉ ¶ÉÉÊ¨É±É ½éþ* ªÉ½þ MÉè®ú ÊxÉÊvÉEò ªÉÉäVÉxÉÉ ½èþ +Éè®ú ¤ÉéEò +{ÉxÉÒ ªÉÉäVÉxÉÉ Eäò +ÆiÉMÉÇiÉ UÖô^õÒ ÊEò®úÉªÉÉ Ê®úªÉÉªÉiÉ näùªÉiÉÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå |ÉÉ´ÉvÉÉxÉ ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú Eò®úiÉÉ ½èþ* ªÉ½þ ¨ÉÚ±ªÉxÉ |ÉiªÉäEò ÊiÉ¨ÉÉ½þÒ ¨Éå ÊEòºÉÒ +xÉÖ¨ÉÉäÊnùiÉ ¤ÉÒ¨ÉÉÆÊEòEò uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* B±ÉB¡òºÉÒ ºÉä ºÉÆ¤ÉÆÊvÉiÉ ¦ÉÖMÉiÉÉxÉ ¤ÉéEò Eäò ±ÉÉ¦É-½þÉÊxÉ JÉÉiÉä ºÉä ÊEòªÉÉ VÉÉiÉÉ ½èþ* b÷Ò. UÖô^õÒ xÉEònùÒEò®úhÉ ¤ÉéEò B±ÉB¡òºÉÒ ºÉÖÊ´ÉvÉÉ EòÉ ={ÉªÉÉäMÉ Eò®úxÉä ´ÉÉ±Éä Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä ºÉä´ÉÉ Eäò SÉÉ®ú ´É¹ÉÉç Eäò ¤±ÉÉEò ¨Éå +ÊvÉEòiÉ¨É 30 ÊnùxÉÉå Eäò ºÉÉÊvÉEòÉ®ú UÖô^õÒ ¶Éä¹É Eäò xÉEònùÒEò®úhÉ EòÒ +xÉÖ¨ÉÊiÉ |ÉnùÉxÉ Eò®úiÉÉ ½èþ* ºÉä´ÉÉÊxÉ´ÉÞÊkÉ +lÉ´ÉÉ ¨ÉÞiªÉÖ ½þÉxä Éä {É®ú Eò¨ÉÇSÉÉ®úÒ Eäò JÉÉiÉä ¨Éå VÉ¨ÉÉ ºÉÉÊvÉEòÉ®ú UÖô^õÒ, +ÊvÉEòiÉ¨É 240 ÊnùxÉÉ Eäò xÉEònùÒEò®úhÉ EòÒ ¦ÉÒ +xÉÖ¨ÉÊiÉ nùÒ VÉÉiÉÒ ½èþ* Eò¨ÉÇSÉÉ®úÒ uùÉ®úÉ ºÉä´ÉÉ ºÉä iªÉÉMÉ{ÉjÉ näùxÉä Eäò ¨ÉÉ¨É±Éä ¨Éå xÉEònùÒEò®úhÉ EòÒ ®úÉÊ¶É ¶Éä¹É ºÉÉÊvÉEòÉ®ú UÖô^õÒ Eäò 50% +Éè®ú +ÊvÉEòiÉ¨É 120 ÊnùxÉÉå iÉEò ºÉÒÊ¨ÉiÉ ½èþ* ªÉ½þ MÉè®ú - ÊxÉÊvÉEò ªÉÉäVÉxÉÉ ½èþ +Éè®ú ¤ÉéEò <ºÉ ªÉÉäVÉxÉÉ Eäò +ÆiÉMÉÇiÉ UÖô^õÒ xÉEònùÒEò®úhÉ näùªÉiÉÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå |ÉÉ´ÉvÉÉxÉ ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú Eò®úiÉÉ ½èþ ªÉ½þ ¨ÉÚ±ªÉxÉ ÊEòºÉÒ +xÉÖ¨ÉÉäÊnùiÉ ¤ÉÒ¨ÉÉÆÊEòEò uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* UÖô^õÒ xÉEònùÒEò®úhÉ EòÉ ¦ÉÖMÉiÉÉxÉ ¤ÉéEò Eäò ±ÉÉ¦É +Éè®ú ½þÉÊxÉ JÉÉiÉä ºÉä ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Leave Fare Concession (LFC): This facility is granted to the employees and extends to reimbursement of travelling expenses incurred for the family of the employee concerned, as defined under the Scheme, in of service rules as amended from time to time as per Industry wide Settlements / Awards. It is a non-funded scheme and the Bank maintains a provision on of its liability in respect of Leave Fare Concession under the Scheme on the basis of actuarial valuation, which is conducted by approved Actuary. Payment in respect of LFC facility is made through the Profit and Loss .

d.

Leave Encashment: The Bank permits encashment of Privilege Leave balance to it employees availing LFC facility, up to the maximum limit of 30 days leave in a block of four years of service. Encashment of privilege leave standing to the credit of an employee is also permitted in case of retirement or death subject to a maximum of 240 days. In case of resignation from the service by an employee, such encashment is restricted to 50% of the balance of privilege leave subject to a maximum of 120 days. It is a nonfunded scheme and the Bank maintains a provision on of its leave encashment liability under the Scheme on the basis of actuarial valuation, which is conducted by approved Actuary. Payment of such leave encashment is made through the Profit and Loss .

¦ÉÊ´É¹ªÉ ÊxÉÊvÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå ÊEòºÉÒ +´ÉÊvÉ ½äþiÉÖ ÊxÉÊvÉ ¨Éå ÊEòªÉÉ MÉªÉÉ +Æ¶ÉnùÉxÉ ´ªÉªÉ Eäò °ü{É ¨Éå +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ +Éè®ú ±ÉÉ¦É +Éè®ú ½þÉÊxÉ JÉÉiÉä ºÉä |É¦ÉÉÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* ÊnùxÉÉÆEò 27.04.2010 Eäò =tÉäMÉ-´ÉÉ®ú ºÉ¨ÉZÉÉèiÉÉ/ºÉÆªÉÖCiÉ xÉÉä]õ Eäò +xÉÖºÉÉ®ú ÊnùxÉÉÆEò 01.04.2010 EòÉä +lÉ´ÉÉ ¤ÉÉnù ¨ÉäÆ ¤ÉèEÆ ò EòÒ ºÉä´ÉÉ ¨ÉäÆ +ÉB Eò¨ÉÇSÉÉ®úÒ {ÉÊ®ú¦ÉÉÊ¹ÉiÉ +Æ¶ÉnùÉxÉ ºÉä´ÉÉÊxÉ´ÉÞÊkÉ ±ÉÉ¦É ªÉÉäVÉxÉÉ ¨Éå ¶ÉÉÊ¨É±É ½þèÆ* +±{ÉÉ´ÉÊvÉ Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É EòÉä =ºÉ ´É¹ÉÇ Eäò ±ÉÉ¦É ½þÉÊxÉ ±ÉäJÉÉ ¨Éå +¤É]Âõ]õÉEÞòiÉ ®úÉÊ¶É ¨Éå ´ªÉªÉ Eäò °ü{É ¨Éå +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ ÊVÉºÉ ´É¹ÉÇ ºÉÆ¤ÉÆÊvÉiÉ ºÉä´ÉÉBÆ |ÉnùÉxÉ EòÒ VÉÉiÉÒ ½èþ*

(iii) In respect of Provident Fund, the contribution for the period is recognized as expense and charged to Profit & Loss .

11.

+ÉªÉ +Éè®ú ´ªÉªÉ EòÉ +Ê¦ÉYÉÉxÉ

11.

(i)

+ÉªÉ-´ªÉªÉ EòÉ Ê½þºÉÉ¤É ºÉÉ¨ÉÉxªÉiÉ: ={ÉSÉªÉ +ÉvÉÉ®ú {É®ú ÊEòªÉÉ VÉÉiÉÉ ½è*þ

(i)

(ii)

+xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå Eäò °ü{É ¨Éå ´ÉMÉÔEÞòiÉ +ÊOÉ¨ÉÉå {É®ú ¤ªÉÉVÉ iÉlÉÉ +xªÉ +ÉªÉ EòÉä ´ÉºÉÚ±ÉÒ EòÒ ¨ÉÉjÉÉ iÉEò +Ê¦ÉÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Income and Expenditure are generally ed for on accrual basis unless otherwise stated.

(ii)

Interest and Other Income in cases of Non Performing Assets/Investments are recognized to the extent realized.

(iii)

+ÉªÉ Eò®ú EòÒ ´ÉÉ{ÉºÉÒ {É®ú ¤ªÉÉVÉ ºÉä |ÉÉ{iÉ +ÉªÉ +Éè®ú ¤ªÉÉVÉ Eò®ú EòÒ MÉhÉxÉÉ ºÉÆ¤ÉÆÊvÉiÉ Eò®ú ÊxÉvÉÉÇ®úhÉ +ÊvÉEòÉ®úÒ uùÉ®úÉ +Énäù¶É VÉÉ®úÒ ÊEòB VÉÉxÉä ´ÉÉ±Éä ´É¹ÉÇ ¨Éå EòÒ VÉÉiÉÒ ½èþ*

(iii) Income from interest on refund of Income Tax and on Interest Tax are ed for in the year in which it is received.

(iii)

(iv)

(v)

{É]Â]õÉ ¤ÉéEò uùÉ®úÉ |ÉÉ{iÉ ÊEò®úÉB EòÉä ={ÉÊSÉiÉ +vÉÉ®ú {É®ú ±ÉÉ¦É-½þÉÊxÉ ±ÉäJÉÉ ¨Éå +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* {ÉÊ®úSÉÉ±ÉxÉ {É]Âõ]õä {É®ú ±ÉÒ MÉ<Ç +ÉÎºiÉªÉÉå ½äþiÉÖ {É]Âõ]õä EòÉ ¦ÉÖMÉiÉÉxÉ ±ÉÉ¦É-½þÉÊxÉ ±ÉäJÉÉ ¨Éå ´ªÉªÉ Eäò °ü{É ¨Éå +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* 12.

(iv) In of Industry wide Settlement/t Note dated 27.04.2010, employees ing the services of the Bank on or after 01.04.2010 are covered by defined contribution retirement benefit scheme. (v)

12.

Short-term employee benefits are recognized as an expense at an undiscounted amount in the Profit and Loss of the year in which the related services are rendered. Recognition of Income and Expenditure :

Lease:

Rentals received by the Bank are recognized in the profit and loss on accrual basis. Lease payments for assets taken on operating lease are recognized as an expense in the profit and loss .

184

|ÉÊiÉ ¶ÉäªÉ®ú +VÉÇxÉ 13.1 ¤ÉéEò |ÉÊiÉ <ÎC´É]õÒ ¶ÉäªÉ®ú ¤ÉäÊºÉEò +Éè®ú b÷É<±ªÉÚ]õä b÷ +VÉÇxÉ EòÒ Ê®ú{ÉÉä]õÇ ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 20 “|ÉÊiÉ ¶ÉäªÉ®ú +VÉÇxÉ” Eäò +xÉÖºÉÉ®ú Eò®úiÉÉ ½èþ* |ÉÊiÉ ¶ÉäªÉ®ú ¤ÉäÊºÉEò +VÉÇxÉ EòÒ MÉhÉxÉÉ ´É¹ÉÇ ½äþiÉÖ <ÎC´É]õÒ ¶ÉäªÉ®úvÉÉ®úEòÉå {É®ú +É®úÉ{ä ªÉ Eò®ú {É¶SÉÉiÉ ÊxÉ´É±É ±ÉÉ¦É EòÉä ´É¹ÉÇ ½äþiÉÖ ¤ÉEòÉªÉÉ <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ¦ÉÉÊ®úiÉ +ÉèºÉiÉ ºÉÆJªÉÉ ºÉä ¦ÉÉMÉ näùEò®ú EòÒ VÉÉiÉÒ ½èþ*

13.

13.2 |ÉÊiÉ

13.2 Diluted Earnings per Share reflect the potential dilution that could occur if securities or other contracts to issue equity shares were exercised or converted during the year. Diluted Earnings per Share are computed using the weighted average number of equity shares and diluted potential equity shares outstanding at year end.

14.

¶ÉäªÉ®ú b÷É<±ªÉÚ]äõb÷ +VÉÇxÉ ºÉÆ¦ÉÉÊ´ÉiÉ b÷É<±ªÉÚ¶ÉxÉ EòÉä |ÉÊiÉË¤ÉÊ¤ÉiÉ Eò®úiÉÉ ½èþ VÉÉä =ºÉ ÎºlÉÊiÉ ¨Éå ½þÉä ºÉEòiÉÒ ½èþ ªÉÊnù <ÎC´É]õÒ ¶ÉäªÉ®ú VÉÉ®úÒ Eò®úxÉä ½äþiÉÖ |ÉÊiÉ¦ÉÚÊiÉªÉÉÆ +lÉ´ÉÉ +xªÉ ºÉÆÊ´ÉnùÉ+Éå EòÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ |ÉªÉÉäMÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ +lÉ´ÉÉ ºÉÆ{ÉÊ®ú´ÉÌiÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* |ÉÊiÉ ¶ÉäªÉ®ú b÷É<±ªÉÚ]õäb÷ +VÉÇxÉ EòÒ MÉhÉxÉÉ <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ¦ÉÉÊ®úiÉ +ÉèºÉiÉ ºÉÆJªÉÉ +Éè®ú ´É¹ÉÇ Eäò +ÆiÉ ¨Éå ¤ÉEòÉªÉÉ b÷É<±ªÉÚ]õäb÷ <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÉ |ÉªÉÉäMÉ Eò®ú EòÒ VÉÉiÉÒ ½èþ* Eò®úÉvÉÉxÉ Eò®ú ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ SÉÉ±ÉÚ (xªÉÚxÉiÉ¨É ´ÉèEòÎ±{ÉEò Eò®ú (¨Éè])õ ºÉÊ½þiÉ) +Éè®ú +ÉºlÉÊMÉiÉ nùÉxä ÉÉäÆ Eò®úÉå ½äþiÉÖ ÊEòªÉÉ VÉÉiÉÉ ½èþ* Eò®ú ªÉÉäMªÉ +ÉªÉ {É®ú SÉÉ±ÉÚ Eò®ú EòÉ |ÉÉ´ÉvÉÉxÉ, |ÉªÉÉäVªÉ Eò®ú nù®ú +Éè®ú Eò®ú ÊxÉªÉ¨ÉÉå EòÉ |ÉªÉÉäMÉ Eò®úEòä ÊEòªÉÉ VÉÉiÉÉ ½èþ* ±ÉäJÉÉ ¨ÉÉxÉEò 22 Eäò +xÉÖ{ÉÉ±ÉxÉ ¨ÉäÆ : ¦ÉÉ®úiÉ Eäò ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ “+ÉªÉ {É®ú Eò®úÉÆä ½þiä ÉÖ ±ÉäJÉÉ”, ºÉ¨ÉªÉ +ÆiÉ®úÉ±É Eäò EòÉ®úhÉ =i{ÉzÉ +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉÄ +Éè®ú näùªÉiÉÉBÆ, VÉÉä {É®ú´ÉiÉÔ +´ÉÊvÉ ¨Éå |ÉiªÉÉ´ÉiÉÇxÉ Eäò ªÉÉäMªÉ ½éþ, iÉÖ±ÉxÉ {ÉjÉ EòÒ ÊiÉÊlÉ iÉEò ¤ÉxÉÉB MÉB ªÉÉ ¤ÉÉnù ¨Éå ¤ÉxÉ VÉÉxÉä ´ÉÉ±Éä Eò®ú ÊxÉªÉ¨ÉÉå +Éè®ú Eò®ú nù®úÉå EòÉ |ÉªÉÉäMÉ Eò®úEòä +Ê¦ÉYÉÉiÉ EòÒ VÉÉiÉÒ ½éþ*

14. Taxation: (i)

Provision for tax is made both current Tax (including Minimum Alternative Tax - MAT) and deferred tax. Current tax is provided on the taxable income using applicable tax rate and tax laws. In compliance with ing Standard 22 “ing for Taxes on Income” issued by the Institute of Chartered ants of India, deferred Tax Assets and Liabilities arising on of timing differences and which are capable of reversal in subsequent periods are recognised using the tax rates and the tax laws that have been enacted or substantively enacted till the date of the Balance Sheet.

(ii)

xªÉÚxÉiÉ¨É ´ÉèEòÎ±{ÉEò Eò®ú (¨Éè]õ) VÉ¨ÉÉ EòÉä +ÉÎºiÉ Eäò °ü{É ¨Éå iÉ¦ÉÒ ¨ÉÉxÉÉ VÉÉBMÉÉ VÉ¤É BäºÉÉ {ÉÖ¹]õ |É¨ÉÉhÉ ½þÉä ÊEò ¤ÉéEò +ÉªÉ-Eò®ú +ÊvÉÊxÉªÉ¨É 1961 Eäò iÉ½þiÉ ÊxÉÌnù¹]õ +´ÉÊvÉ Eäò +Ænù®ú ºÉÉ¨ÉÉxªÉ Eò®ú EòÉ ¦ÉÖMÉiÉÉxÉ Eò®ú näùMÉÒ*

(ii)

Minimum Alternate Tax (MAT) credit is recognized as assets only when and to the extent there is convincing evidence that the Bank/Companies will pay normal income tax during the period specified under the Income Tax Act, 1961.

15.

xÉEònùÒ B´ÉÆ ºÉ¨ÉiÉÖ±ªÉ xÉEònùÒ

15. Cash and Cash equivalents:

13.

(i)

Earnings Per Share:

13.1 The Bank reports Basic and Diluted Earnings per Equity Share in accordance with ing Standard 20 “Earnings per share” issued by the Institute of Chartered ants of India. Basic earnings per Share are computed by dividing the net profit after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding for the year.

xÉEònùÒ B´ÉÆ xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ ¨Éå ½þÉlÉ ¨Éå xÉEònùÒ +Éè®ú B]õÒB¨É ¨Éå xÉEònùÒ, ¦ÉÉ®úiÉÒªÉ Ê®úWÉ´ÉÇ ¤ÉéEò ¨Éå ¶Éä¹É, +xªÉ ¤ÉéEòÉå ¨Éå ¶Éä¹É +Éè®ú ¨ÉÉÆMÉ iÉlÉÉ +±{É ºÉÚSÉxÉÉ {É®ú vÉxÉ ¶ÉÉÊ¨É±É ½èþ*

Cash and cash equivalents include cash on hand and in ATMs and balances with RBI, balances with other banks and money at call and short notice.

+SÉ±Éú +ÉÎºiÉªÉÉå ¨Éå IÉ®úhÉ +SÉ±É +ÉÎºiÉªÉÉå ({ÉÖxÉ¨ÉÚ±Ç ªÉÉÆÊEòiÉ +ÉÎºiÉªÉÉå ºÉÊ½þiÉ) {É®ú ‘<¨{ÉäªÉ®ú¨Éå]õ +Éì¡ò ±ÉÉìºÉäºÉ’ (ªÉÊnù EòÉä<Ç ½þÉ)ä EòÉä +Ê¦ÉYÉÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ iÉlÉÉ ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 28 ‘<¨{ÉäªÉ®ú¨Éå]õ +Éì¡ò ±ÉÉìºÉäºÉ’ Eäò +xÉÖºÉÉ®ú ±ÉÉ¦É-½þÉÊxÉ JÉÉiÉä ¨Éå |É¦ÉÉÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

16.

16.

17. (i)

|ÉÉ´ÉvÉÉxÉ, +ÉEòÎº¨ÉEò näùªÉiÉÉBÄ iÉlÉÉ ú +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉÄ ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 29 |ÉÉ´ÉvÉÉxÉ, ‘+ÉEòÎº¨ÉEò näùªÉiÉÉBÄ B´ÉÆ +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉÆ’ Eäò +xÉÖ°ü{É ¤ÉéEò |ÉÉ´ÉvÉÉxÉ iÉ¦ÉÒ +Ê¦ÉYÉÉiÉ Eò®úiÉÉ ½èþ VÉ¤É B. ¤ÉÒ. ºÉÒ.

Impairment of Fixed Assets:

Impairment losses (if any) on Fixed Assets (including revalued assets) are recognized and charged to Profit & Loss in accordance with the ing Standard 28 “Impairment of Assets” issued by The Institute of Chartered ants of India. 17. Provisions, Contingent Liabilities & Contingent Assets: (i)

ÊEòºÉÒ Ê{ÉUô±ÉÒ PÉ]õxÉÉ Eäò {ÉÊ®úhÉÉ¨Éº´É°ü{É ´ÉiÉÇ¨ÉÉxÉ ¨Éå nùÉÊªÉi´É =i{ÉzÉ ½þÉiä ÉÉ ½èþ ªÉ½þ ºÉÆ¦É´É ½Éä ÊEò +ÉÌlÉEò ±ÉÉ¦É ´ÉÉ±Éä ºÉÆºÉÉvÉxÉÉå EòÉ ¤ÉÊ½þ|ÉÇ´ÉÉ½þ nùÉÊªÉi´É Eäò ºÉ¨ÉÉvÉÉxÉ ½äþiÉÖ +{ÉäÊIÉiÉ ½þÉMä ÉÉ +Éè®ú VÉ¤É nùÉÊªÉi´É EòÒ ®úÉÊ¶É EòÉ Ê´É·ÉºÉxÉÒªÉ +xÉÖ¨ÉÉxÉ ÊEòªÉÉ VÉÉ ºÉEòiÉÉ ½þÉþä* 185

In conformity with AS 29 “Provisions, Contingent Liabilities and Contingent Assets”, issued by the Institute of Chartered ants of India, the Bank recognizes provisions only when a.

it has a present obligation as a result of a past event;

b.

it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

c.

when a reliable estimate of the amount of the obligation can be made.

(ii)

(iii)

(iv)

18.

ÊxÉ¨xÉÊ±ÉÊJÉiÉ Eäò Ê±ÉB |ÉÉ´ÉvÉÉxÉ +Ê¦ÉYÉÉiÉ xÉ½þÓ ÊEòªÉÉ VÉÉiÉÉ

(ii)

No provision is recognized for

B) Ê{ÉUô±ÉÒ PÉ]õxÉÉ+Éå ºÉä =i{ÉzÉ EòÉä<Ç ºÉÆ¦ÉÉÊ´ÉiÉ nùÉÊªÉi´É +Éè®ú ÊVÉºÉEòÉ +ÎºiÉi´Éõ =ºÉ PÉ]õxÉÉ Eäò ½þÉxä Éä +lÉ´ÉÉ xÉ ½þÉxä Éä {É®ú ½þÒ ÊxÉ¦ÉÇ®ú Eò®äúMÉÉ +lÉ´ÉÉ ¦ÉÊ´É¹ªÉ EòÒ BäºÉÒ +ÊxÉÎ¶SÉiÉ PÉ]õxÉÉBÆ VÉÉä {ÉÚhÉÇiÉªÉÉþú ¤ÉéEò Eäò ÊxÉªÉÆjÉhÉ ¨Éå xÉ½þÓ ½èþ*

a)

Any possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Bank or

¤ÉÒ) EòÉä<Ç ´ÉiÉÇ¨ÉÉxÉ nùÉÊªÉi´É VÉÉä Ê{ÉUô±ÉÒ PÉ]õxÉÉ+Éå ºÉä =i{ÉzÉ ½Öþ+É ½èþ =ºÉä +Ê¦ÉYÉÉiÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ CªÉÉåÊEò :

b)

Any present obligation that arises from past events but is not recognized because;

i.

ªÉ½þ ºÉÆ¦ÉÉ´ªÉ xÉ½þÓ ½éþ ÊEò +ÉÌlÉEò ±ÉÉ¦É ´ÉÉ±Éä ºÉÆºÉÉvÉxÉÉå EòÉ ¤ÉÊ½þ|ÉÇ´ÉÉ½þ nùÉÊªÉi´É Eäò ºÉ¨ÉÉvÉÉxÉ ½äþiÉÖ +{ÉäÊIÉiÉ ½þÉMä ÉÉ +lÉ´ÉÉ

ii.

nùÉÊªÉi´É EòÒ ®úÉÊ¶É EòÉ Ê´É·ÉºÉxÉÒªÉ +xÉÖ¨ÉÉxÉ xÉ½þÓ ÊEòªÉÉ VÉÉ ºÉEòiÉÉ ½èþ*

i.

it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

ii.

a reliable estimate of the amount of obligation cannot be made.

+ÉEòÎº¨ÉEò näùªÉiÉÉ+Éå EòÉ ÊxÉªÉÊ¨ÉiÉ +ÆiÉ®úÉ±É {É®ú ÊxÉvÉÉÇ®úhÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ +Éè®ú nùÉÊªÉi´É Eäò Eäò´É±É =ºÉÒ ¦ÉÉMÉ Eäò Ê±ÉB |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ ÊVÉºÉEäò Ê±ÉB +ÉÌlÉEò ±ÉÉ¦É ´ÉÉ±Éä ºÉÆºÉÉvÉxÉÉå EòÉ ¤ÉÊ½þ|ÉÇ´ÉÉ½þ ºÉÆ¦É´É ½þÉ,ä =xÉ +iªÉÆiÉ +ºÉÉvÉÉ®úhÉ {ÉÊ®úÎºlÉÊiÉªÉÉå EòÉä UôÉcä ÷Eò®ú VÉ½þÉÆ nùÉÊªÉi´É EòÒ ®úÉÊ¶É EòÉ Ê´É·ÉºÉxÉÒªÉ +xÉÖ¨ÉÉxÉ xÉ½þÒúÆ ÊEòªÉÉ VÉÉ ºÉEòiÉÉ ½þÉþä* Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉå EòÉä +Ê¦ÉYÉÉiÉ xÉ½þÓ ÊEòªÉÉ VÉÉiÉÉ ½è CªÉÉåÊEò <ºÉEäò {ÉÊ®úhÉÉ¨Éº´É°ü{É BäºÉÒ +ÉªÉ EòÉ +Ê¦ÉYÉÉxÉ ½þÉä ºÉEòiÉÉ ½èþ VÉÉä Eò¦ÉÒ ¦ÉÒ ´ÉºÉÚ±É xÉ½þÓ EòÒ VÉÉ ºÉEòiÉÒ*

(iii) Contingent Liabilities are assessed at regular intervals and only that part of the obligation for which an outflow of resources embodying economic benefits is probable, is provided for, except in the extremely rare circumstances where no reliable estimate can be made.

+xÉÖ¹ÉÆMÉÒ EÆò{ÉxÉÒ- +Éì±É ¤ÉéEò ¡òÉ<xÉèºÆ É Ê±É.

18.

¤ÉéEò Eäò {ÉÚhÉÇ º´ÉÉÊ¨Éi´É ´ÉÉ±ÉÒ +xÉÖ¹ÉÆMÉÒ EÆò{ÉxÉÒ +lÉÉÇiÉ +Éì±É ¤ÉéEò ¡òÉ<xÉèºÆ É Ê±É. EòÒ ¨É½þi´É{ÉÚhÉÇ ±ÉäJÉÉ xÉÒÊiÉªÉÉå ½äþiÉÖ =xÉEäò Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò xÉÉä]õ ºÉÆ.1 EòÉ ºÉÆnù¦ÉÇ Ê±ÉªÉÉ VÉÉB*

(iv) Contingent Assets are not recognized in the financial statements as this may result in the recognition of income that may never be realized. Subsidiary-AllBank Finance Ltd.:

For Significant ing Policies of Bank’s wholly owned subsidiary i.e. AllBank Finance Ltd., reference may be made to Note No.1 annexed to their Financial statements.

186

+xÉÖºÉÚSÉÒ 19: 31 ¨ÉÉSÉÇ 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ ºÉ¨ÉäÊEòiÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå {É®ú ±ÉäJÉÉ Ê]õ{{ÉÊhÉªÉÉÄ

SCHEDULE 19: NOTES ON S ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2015.

1.

¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò (¦ÉÉÊ®ú ¤ÉéEò) Eäò Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖ°ü{É ={ÉªÉÉäVªÉ iÉlÉÉ +xÉÖ{ÉªÉÉäVªÉ +ÊOÉ¨ÉÉå ½äþiÉÖ {ÉªÉÉÇ{iÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

1. Adequate provision has been made by the Bank in respect of performing and non-performing advances in of Reserve Bank of India (RBI) guidelines.

2

®úÉ¹]ÅõÒªÉ +Éè®ú ºlÉÉxÉÒªÉ ºÉ¨ÉÉ¶ÉÉävÉxÉ JÉÉiÉä, xÉÉäº]ÅõÉä JÉÉiÉä, ¶ÉÉJÉÉ |ÉhÉÉ±ÉÒ =SÉÆiÉ JÉÉiÉÉ ºÉÊ½þiÉ Ê´ÉÊ¦ÉzÉ +ÆiÉ®ú ¶ÉÉJÉÉ, +ÆiÉ®ú ¤ÉéEò JÉÉiÉä +Éè®ú B]õÒB¨É ±ÉäxÉnäùxÉ EòÉ ºÉ¨ÉÉvÉÉxÉ BEò ºÉiÉiÉ |ÉÊGòªÉÉ ½èþ +Éè®ú |ÉÊGòªÉÉvÉÒxÉ ½èþ* 31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ Eäò Ê´ÉkÉÒªÉ {ÉÊ®úhÉÉ¨ÉÉå {É®úú ={ÉªÉÖHÇ ò EòÉ |É¦ÉÉ´É, ªÉÊnù EòÉä<Ç ½èþ, |É¤ÉÆvÉxÉ EòÒ ®úÉªÉ ¨Éå ¨É½þi´É{ÉÚhÉÇ xÉ½þÓ ½þÉMä ÉÉ*

2. The reconciliation of various inter-branches, inter-bank s, including National and Local Clearing , NOSTRO , Branch System Suspense and ATM transactions is an ongoing process and is under progress. The impact of the above, if any, on the financial results for the year ended 31st March, 2015, in the opinion of the management will not be significant.

3.

Ê´É´ÉÉÊnùiÉ ¨ÉÉ¨É±ÉÉå ¨Éå Ê´ÉÊ¦ÉzÉ xªÉÉÊªÉEò ÊxÉhÉÇªÉÉå {É®ú Ê´ÉSÉÉ®ú Eò®úxÉä Eäò ¤ÉÉnù +ÉªÉEò®ú ½äþiÉÖ ¤ÉéEò uùÉ®úÉ EÖò±É `4200.73 Eò®úÉcä ÷ (Ê{ÉUô±Éä ´É¹ÉÇ `3204.83 Eò®úÉcä ÷) (+ÉºlÉÊMÉiÉ Eò®ú ºÉÊ½þiÉ) EòÉ |ÉÉ´ÉvÉÉxÉ {ÉªÉÉÇ{iÉ ¨ÉÉxÉÉ MÉªÉÉ*

3. The cumulative provision for income tax (including deferred tax) aggregating to `4200.73 Crore (previous year `3204.83 Crore) held is considered adequate after taking into consideration various judicial decisions on disputed issues.

4. (i)

31.03.1997, 31.03.2005 iÉlÉÉ 31.03.2007 EòÉä ºÉ¨ÉÉ{iÉ ½ÖþB ´É¹ÉÇ ¨Éå EòÊiÉ{ÉªÉ {ÉÊ®úºÉ®úÉå EòÉ {ÉÖxÉ¨ÉÚ±Ç ªÉÉÆEòxÉ +xÉÖ¨ÉÉäÊnùiÉ ¨ÉÚ±ªÉÉÆEòEòÉå EòÒ Ê®ú{ÉÉä]õÇ Eäò +ÉvÉÉ®ú {É®ú ÊEòªÉÉ MÉªÉÉ +Éè®ú Gò¨É¶É: `125.99 Eò®úÉcä ÷ (´ÉÉÊhÉÎVªÉEò B´ÉÆ +É´ÉÉºÉÒªÉ), `370.08 Eò®úÉcä ÷ (´ÉÉÊhÉÎVªÉEò B´ÉÆ +É´ÉÉºÉÒªÉ) iÉlÉÉ `298.32 Eò®úÉcä ÷ (´ÉÉÊhÉÎVªÉEò) Eäò =v´ÉÇMÉÉ¨ÉÒ ºÉÆ¶ÉÉävÉxÉ EòÉä {ÉÖxÉ¨ÉÚ±Ç ªÉxÉ +É®úÊIÉiÉ EòÉä¹É ¨Éå VÉ¨ÉÉ ÊEòªÉÉ MÉªÉÉ* |ÉiªÉäEò ´É¹ÉÇ {ÉÖxÉ¨ÉÚ±Ç ªÉÉÆÊEòiÉ {ÉÊ®úºÉ®ú {É®ú ¨ÉÚ±ªÉ¿ÉºÉ EòÉ {ÉÊ®úEò±ÉxÉ +´ÉÊ±ÉÊJÉiÉ ¨ÉÚ±ªÉ {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ* {ÉÖxÉ¨ÉÚ±Ç ªÉÉÆEòxÉ Eäò EòÉ®úhÉ `3.62 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ ¨Éå `3.87 Eò®úÉcä ÷) Eäò +ÊiÉÊ®úHò ¨ÉÚ±ªÉ¿ÉºÉ EòÉä {ÉÚVÆ ÉÒ +É®úÊIÉÊiÉªÉÉå ºÉä +ÆiÉÊ®úiÉ Eò®ú +xÉÖºÉÚSÉÒ ºÉÆ.14 ¨Énù (vi) ¨Éå “+xªÉ +ÉªÉ” ¶ÉÒ¹ÉÇ Eäò +ÆiÉMÉÇiÉ Ê´ÉÊ´ÉvÉ +ÉªÉ ¨Éå nù¶ÉÉÇªÉÉ MÉªÉÉ ½èþ*

4. (i) Certain premises were revalued on the basis of the reports of the approved valuers during the year ended on 31.03.1997, 31.03.2005 and 31.03.2007 and upward revision amounting to `125.99 Crore (commercial and residential), `370.08 Crore (commercial and residential) and `298.32 Crore (commercial) respectively had been credited to Revaluation Reserve. Depreciation on Revalued premises is worked out each year on its written down value. Additional depreciation of `3.62 Core (previous year `3.87 Crore) due to revaluation has been transferred from Revaluation Reserve and shown in Miscellaneous Income under the head “Other Income” included in Schedule No. 14 item (vii).

(ii)

VÉ½þÉÄ ¦ÉÚJÉÆb÷ EòÒ ±ÉÉMÉiÉ ={É±É¤vÉ xÉ½þÓ ½èþ, BäºÉä ¨ÉÉ¨É±ÉÉå ¨Éå +´ÉIÉªÉ ¦ÉÚJÉÆb÷ iÉlÉÉ ¦É´ÉxÉ EòÒ ºÉÆÊ¨É¸É ±ÉÉMÉiÉ {É®ú ÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

(ii) Depreciation has been charged on composite cost of Land and Building, where separate cost of land is not available.

(iii)

VÉ½þÉÄ ¨ÉÚ±É ±ÉÉMÉiÉ ={É±É¤vÉ xÉ½þÓ ½èþ ´É½þÉÄ {É]Âõ]õÉ +´ÉÊvÉ ½äþiÉÖ {É]Âõ]õÉvÉÉÊ®úiÉ ¦ÉÚÊ¨É {É®ú |ÉÒÊ¨ÉªÉ¨É EòÉ {ÉÊ®ú¶ÉÉävÉxÉ ±ÉÉMÉiÉ +ÉvÉÉ®ú {É®ú +lÉ´ÉÉ +´ÉÊ±ÉÊJÉiÉ ¨ÉÚ±ªÉ {É®ú ÊEòªÉÉ MÉªÉÉ ½èþ*

(iii) on leasehold land has been amortized over the period of lease, based on cost or written down value, where original cost is not available.

(iv)

ÊxÉ¨xÉÊ±ÉÊJÉiÉ ºÉÆ{ÉÊkÉªÉÉå EòÒ {ÉÆVÉÒEò®úhÉ EòÒ +Éè{ÉSÉÉÊ®úEòiÉÉBÄ {ÉÚ®úÒ EòÒ VÉÉxÉÒ ½éþ*

(iv) Registration formalities are yet to be completed for the following properties.

B. 1990 +Éè®ú 1998 Eäò nùÉ®è úÉxÉ EòÉä±ÉEòÉiÉÉ B´ÉÆ ¦ÉÖ´ÉxÉä·É®ú ¨Éå Gò¨É¶É: 29 +Éè®ú 10 ¡ò±Éè]õ ´ÉÉ±ÉÒ 2 +É´ÉÉºÉÒªÉ ºÉÆ{ÉÊkÉªÉÉÆ JÉ®úÒnùÒ MÉ<È ÊVÉxÉEòÒ ¨ÉÚ±É ±ÉÉMÉiÉ `1.86 Eò®úÉcä ÷ ½èþ*

a.

Two (2) residential properties purchased during the year 1990 & 1998 at Kolkata & Bhubaneshwar consisting of 29 & 10 flats respectively with total original cost of `1.86Crore.

¤ÉÒ. Ê¤É½þÉ®ú ºÉ®úEòÉ®ú xÉä ¤ÉÖrù xÉMÉ®ú {É]õxÉÉ ¨Éå 1.01BEòc÷ ¦ÉÚÊ¨É 07.09.1917 ºÉä ¤ÉéEò EòÉä {É]Âõ]õä {É®ú +É¤ÉÆÊ]õiÉ EòÒ lÉÒ* ªÉ½þÉÆ {É®ú ¤ÉéEò EòÉ EòÉªÉÉÇ±ÉªÉ {ÉÊ®úºÉ®ú ½èþ* Ê{ÉUô±ÉÉ {É]Âõ]õÉ 07.09.2012 EòÉä ºÉÉ¨É{iÉ ½þÉä MÉªÉÉ* 07.09.2012 ºÉä 30 ´É¹ÉÉæ EòÒ +ÊiÉÊ®úHò +´ÉÊvÉ ½äþiÉÖ {É]Âõ]õä Eäò xÉ´ÉÒEò®úhÉ Eäò Ê±ÉB ¦ÉÖMÉiÉÉxÉ `70.70 ±ÉÉJÉ Eäò BEò¨ÉÖ¶iÉ |ÉÒÊ¨ÉªÉ¨É ¦ÉÖMÉiÉÉxÉ uùÉ®úÉ +Éè®ú `7.07 ±ÉÉJÉ ´ÉÉÌ¹ÉEò ÊEò®úÉB EòÒ nù®ú ºÉä Ê¤É½þÉ®ú ºÉ®úEòÉ®ú EòÉä ÊEòªÉÉ MÉªÉÉ* Ê¤É½þÉ®ú ºÉ®úEòÉ®ú uùÉ®úÉ {É]Âõ]õÉ Ê´É±ÉäJÉ Eäò ÊxÉ¹{ÉÉnùxÉ EòÉ ¨ÉÉ¨É±ÉÉ |ÉÊGòªÉÉvÉÒxÉ ½èþ* ¤ÉéEò xÉä ±ÉÒVÉ b÷Òb÷ Eäò ÊxÉ¹{ÉÉnùxÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå º]õÉÆ{É b÷¬Ú]õÒ ±ÉÉMÉiÉ +Éè®ú +xªÉ Ê´ÉÊvÉ |É¦ÉÉ®úÉå Eäò °ü{É ¨Éå `105.06 ±ÉÉJÉ VÉ¨ÉÉ ÊEòªÉÉ ½èþ*

b.

The Govt.of Bihar had allotted 1.01 acre of land at Budh Marg Patna on lease to the Bank w.e.f.07.09.1917. Bank is having its office complex there. Last lease expired on 07.09.2012. Payment for renewal of lease for further period of 30 years w.e.f. 07.09.2012 by payment of one time of `70.70 lacs and annual rent @ `7.07 lacs has been made to the Govt. of Bihar. The matter for execution of lease deed by the Govt.of Bihar is under process. Bank has deposited the cost of stamp duty and other legal charges of `105.06 lacs in connection with execution of lease deed.

187

ºÉÒ. {ÉÉ®úÉnùÒ{É, +Éäb÷Ò¶ÉÉ ¨Éå 02.04.2013 ºÉä 24 +É´ÉÉºÉÒªÉ ¡ò±Éè]õ ´ÉÉ±Éä 17520 ´ÉMÉÇ¡òÒ]õ IÉäjÉ ´ÉÉ±Éä +É´ÉÉºÉÒªÉ {±ÉÉ]õ Eäò {É]Âõ]õä EòÉ xÉ´ÉÒEò®úhÉ EòÉ ¨ÉÉ¨É±ÉÉ {ÉÉ®úÉnùÒ{É {ÉÉä]õÇ ]Åõº]õ Eäò ºÉÉlÉ =`ööÉªÉÉ MÉªÉÉ ½èþ +Éè®ú ªÉ½þ =xÉEäò Ê´ÉSÉÉ®úÉvÉÒxÉ ½èþ* (v)

c.

+¨ÉÚiÉÇ +ÉÎºiÉªÉÉå ºÉÊ½þiÉ +xªÉ +ÉÎºiÉªÉÉå EòÉ Ê´É´É®úhÉ ÊxÉ¨xÉÉxÉÖºÉÉ® ½èþ:

Renewal of lease of residential plots of land measuring 17520 sq.ft area at Paradeep, Odisha having 24 residential flats w.e.f. 02.04.2013 has been taken up with Paradeep Port Trust (PPT) and is under their consideration.

(v) Other Assets include intangible assets, details of which are as under.

(` Eò®úÉcä ÷ ¨Éå)/(` in Crore)

Ê´É´É®úhÉ /

Particulars

Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y. 2014-15


34.47

33.72

35.86

10.19

8.68

9.44

61.65

34.47

+lÉ ¶Éä¹É / Opening Balance ´É¹ÉÇ Eäò nùÉ®è úÉxÉ {ÉÊ®ú´ÉvÉÇxÉ / Additions during the year ´É¹ÉÇ Eäò nùÉ®è úÉxÉ {ÉÊ®ú¶ÉÉäÊvÉiÉ / Amortized during the year <ÊiÉ ¶Éä¹É / Closing Balance 5.

(i)

`4.03

Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `0.44 Eò®úÉcä ÷) Eäò +ÆÊEòiÉ ¨ÉÚ±ªÉ Eäò ÊxÉ´Éä¶ÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå ¤ÉéEò EòÉä +¦ÉÒ ÎºGò{ºÉ/ºÉÌ]õÊ¡òEäò]õ |ÉÉ{iÉ Eò®úxÉä ½éþ* (ii) ¶ÉäªÉ®úÉ,å {ÉÊ®ú´ÉiÉÇxÉÒªÉ Êb÷¤ÉåSÉ®úÉå iÉlÉÉ <ÎC´É]õÒ ºÉä VÉÖc÷ä ¨ªÉÖSÉÖ+±É ¡Æòb÷/´ÉåSÉ®ú EèòÊ{É]õ±É ¡Æòb÷ EòÒ ªÉÚÊxÉ]õÉå ºÉÊ½þiÉ ¶ÉäªÉ®úÉå Eäò ºÉÉ{ÉäIÉ +ÊOÉ¨É ¨Éå EÖò±É ÊxÉ´Éä¶É `621.61 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `916.91 Eò®úÉcä ÷) ®ú½þÉ*

5. (i)

In respect of Investments of face value of `4.03 Crore (Previous year `0.44 Crore) the Bank is yet to receive scrips / certificates.

(ii)

Total Investments made in shares, convertible debentures and units of equity linked mutual fund / venture capital funds and also advances against shares aggregate to `621.61 Crore (Previous year `916.91 Crore).

(iii)

¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖºÉÉ®ú `25.10 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `3.28 Eò®úÉcä ÷) EòÒ ®úÉÊ¶É, VÉÉä ÊEò ‘½äþ±b÷ ]Úõ ¨ÉèSªÉÚÊ®ú]õÒ’ ¸ÉähÉÒ EòÒ |ÉÊiÉ¦ÉÚÊiÉªÉÉå EòÒ Ê¤ÉGòÒ ºÉä ½þÉxä Éä ´ÉÉ±Éä ±ÉÉ¦É EòÒ ºÉ¨ÉÉxÉ ®úÉÊ¶É ½èþ,Eò®ú B´ÉÆ |ÉÊiÉ¦ÉÚÊiÉ Eäò +ÆiÉ®úhÉ Eäò ÊxÉ´É±É, EòÉä ‘{ÉÚÆVÉÒ |ÉÉ®úÊIÉiÉ JÉÉiÉÉ-ÊxÉ´Éä¶É’ ¨Éå +ÆiÉÊ®úiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

(iii) As per RBI guidelines, an amount of `25.10 Crore (Previous Year `3.28 Crore) being an amount equivalent to post tax profit on sale of ‘Held to Maturity’ category securities (net of transfer to statutory reserve) is transferred to ‘Capital Reserve -Investment’.

(iv)

VÉèºÉÉ ÊEò ¨É½þi´É{ÉÚhÉÇ ±ÉäJÉÉ xÉÒÊiÉ ºÉÆJªÉÉ 6 (vii) ¨Éå =Î±±ÉÊJÉiÉ ½èþ, ‘½äþ±b÷ ]Úõ ¨ÉèSªÉÚÊ®ú]õÒ’ ¸ÉähÉÒ Eäò ¨ÉÉ¨É±Éä ¨Éå ´É¹ÉÇ Eäò nùÉ®è úÉxÉ {ÉÊ®ú¶ÉÉäÊvÉiÉ |ÉÊiÉ¦ÉÚÊiÉ Eäò +ÆÊEòiÉ ¨ÉÚ±ªÉ Eäò >ð{É®ú `61.52 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `61.37 Eò®úÉc ä ÷) EòÒ ®úÉÊ¶É +ÊiÉÊ®úHò +VÉÇxÉ ±ÉÉMÉiÉ ½èþ iÉlÉÉ ÊVÉºÉä ÊxÉ´Éä¶É {É®ú +ÉªÉ ºÉä PÉ]õÉEò®ú ¦ÉÉ.Ê®.ú¤ÉéEò Eäò ÊxÉnæù¶ÉÉxÉÖºÉÉ®ú ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ JÉÉiÉä Eäò ‘+ÌVÉiÉ ¤ªÉÉVÉ +Éè®ú ±ÉÉ¦ÉÉÆ¶É’ ¶ÉÒ¹ÉÇ Eäò +ÆiÉMÉÇiÉ nù¶ÉÉÇªÉÉ MÉªÉÉ ½èþ*

(iv) In respect of ‘Held to Maturity’ category as stated in significant ing Policy No. 6 (vii), the excess of acquisition cost over the face value of the security amortised during the year amounting to `61.52 Crore (Previous year `61.37 Crore) has been netted-off from income on investments and shown under the head “Interest and Dividend earned” in Profit and Loss in of RBI guidelines.

6.

¤ÉéEò xÉä ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ¨ÉÉÌVÉxÉ ]ÅõäËb÷MÉ Eäò Ê±ÉB EòÉä<Ç Ê´ÉkÉ{ÉÉä¹ÉhÉ xÉ½þÓ ÊEòªÉÉ ½èþ +Éè®ú xÉ ½þÒ ÊEòºÉÒ +ÉÎºiÉ EòÉ |ÉÊiÉ¦ÉÚÊiÉEò®úhÉ ÊEòªÉÉ ½èþ*

6. The Bank has not made any financing for margin trading during the year and also not securitised any assets.

7.

±ÉäJÉÉ ¨ÉÉxÉEòÉå EòÉ +xÉÖ{ÉÉ±ÉxÉ

7. Compliance with ing Standards

¤ÉéEò xÉä ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ÊxÉ¨xÉÉäHò ±ÉäJÉÉ ¨ÉÉxÉEòÉå (BBºÉ) EòÉ +xÉÖ{ÉÉ±ÉxÉ ÊEòªÉÉ ½èþ iÉlÉÉ BäºÉä ±ÉäJÉÉ ¨ÉÉxÉEòÉå Eäò |ÉÉ´ÉvÉÉxÉÉå Eäò +xÉÖºÉÉ®ú ÊxÉ¨xÉÉäHò |ÉEò]õÒEò®úhÉ ÊEòªÉä VÉÉ ®ú½þä ½éþ* 7.1.±ÉäJÉÉ

¨ÉÉxÉEò 5 : ‘+´ÉÊvÉ ½äþiÉÖ ÊxÉ´É±É ±ÉÉ¦É +lÉ´ÉÉ ½þÉÊxÉ, {ÉÚ´ÉÇ ´É¹ÉÇ EòÒ ¨Énåù iÉlÉÉ ±ÉäJÉÉ xÉÒÊiÉªÉÉäÆ ¨Éå {ÉÊ®ú´ÉiÉÇxÉ*

The Bank has complied with the following ing Standards (AS) issued by the Institute of Chartered ants of India and the following disclosures are made in accordance with the provisions of such ing Standards. 7.1.ing Standard 5 “Net Profit or Loss for the Period, Prior Period items and Changes in ing Policies”

188

{ÉÚ´ÉÇ ´É¹ÉÇ ºÉä ºÉÆ¤ÉÆÊvÉiÉ +ÉªÉ +Éè®ú ´ªÉªÉ EòÉ Ê´É´É®úhÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½èþ;

Ê´É´É®úhÉ /

Income and Expenditure relating to prior period are as under:

(` Eò®úÉcä ÷ ¨Éå)/(` in crore) Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y. 2013-14


Particulars

+ÉªÉ/Income ´ªÉªÉ/Expenditure ÊxÉ´É±É/Net

0.47 0.59 (0.12)

(0.15) 1.26 (1.41)

7.2.

¤ÉéEò xÉä Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦ÉÉå ªÉlÉÉ {Éå¶ÉxÉ, OÉèSªÉÚ]õÒ, UÖô^õÒ xÉEònùÒEò®úhÉ, +Éè®ú B±ÉB¡òºÉÒ Eäò ºÉÆ¤ÉÆvÉ ¨Éå +{ÉxÉÒ näùªÉiÉÉ+Éå Eäò +Ê¦ÉYÉÉxÉ ½äþiÉÖ ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 15 (ºÉÆ¶ÉÉäÊvÉiÉ) EòÉä +{ÉxÉÉªÉÉ ½èþ*

7.2. The Bank adopted ing Standard 15 (Revised)Employee Benefits, issued by Institute of Chartered ants of India, for recognition of its liabilities in respect of employee benefits, viz, Pension, Gratuity, Leave Encashment and LFC.

7.3.

ÊxÉÊvÉEò/MÉè®ú-ÊxÉÊvÉEò Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦ÉÉå ªÉlÉÉ, {Éå¶ÉxÉ (B¤ÉÒ{ÉÒ<Ç+É®ú-1995), OÉèSªÉÚ]õÒ, +´ÉEòÉ¶É xÉEònùÒEò®úhÉ +Éè®ú B±ÉB¡òºÉÒ Eäò ºÉÆ¤ÉÆvÉ ¨Éå ¤ÉéEò EòÒ näùªÉiÉÉ EòÉä ÊxÉ¨xÉÉxÉÖºÉÉ®ú +xÉÖ¨ÉÉäÊnùiÉ ¤ÉÒ¨ÉÉÆEòEò uùÉ®úÉ ¤ÉÒ¨ÉÉÆEòxÉ ¨ÉÚ±ªÉÉÆEòxÉ Eäò +ÉvÉÉ®ú {É®ú +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

7.3. Bank’s liabilities in respect of the funded/ non-funded employee benefits, viz., Pension(ABEPR-1995), Gratuity, Leave Encashment and LFC Leave are recognised on the basis of actuarial valuation carried out by approved Actuary as per

(B) ¦ÉÉ®úiÉÒªÉ ºÉxÉnÒù ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 15(ºÉÆ¶ÉÉäÊvÉiÉ) ¨Éå ÊxÉvÉÉÇÊ®úiÉ ÊºÉrùÉiÆ É +Éè®ú

(a) Principles laid down in AS 15 (Revised) issued by the Institute of Chartered ants of India, and

(¤ÉÒ) ¦ÉÉ®úiÉÒªÉ ¤ÉÒ¨ÉÉÆEòEò ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ Ênù¶ÉÉÊxÉnæù¶É VÉÒBxÉ 26*

(b) Guidelines GN 26 issued by Institutes of Actuaries of India.

ºÉäMÉ¨Éå]õ ºÉÚSÉxÉÉ: ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ) 17 / Segment Information: ing Standard (AS) 17 ¦ÉÉMÉ B : ´ªÉ´ÉºÉÉÊªÉEò ºÉäMÉ¨Éå]õ / Part A: Business Segments (` Eò®úÉcä ÷ ¨Éå)/(` in crore) 7.4.

´ªÉ´ÉºÉÉªÉ JÉÆb÷ Business Segments

]ÅäõVÉ®úÒ

fUthvtuhux/:tufU Œr;Cqr;gtk

Treasury

Corporate/ wholesale banking

rJJhK

atÖtq JMo

Particulars

Curr.Year Prev.Year 5525.07 5325.34 866.58 393.65

htsôJ/Revenue vrhKtb/Result +xÉÉ¤ÉÆÊ]õiÉ ´ªÉªÉ

d; JMo atÖtq JMo

rhxuÖt cîrfUkd

yàg cîrfUkd {ÉÊ®úSÉÉ±ÉxÉ

Retail Banking

Other Banking Operation

d; JMo atÖtq JMo


fwUÖt Total

d; JMo atÖtq JMo d; JMo atÖtq JMo



Unallocated expenses

d; JMo

Curr.Year 21891.53 4497.16

Prev.Year 21057.48 4039.01

2857.18

2381.21

1639.98 990.96

1657.80 469.37

0.00 649.02

0.00 1188.43

vrhatÖtl ÖttC Operating Profit ytg fUh / Income taxes

ymt"thK ÖttC/ntrl Extraordinary profit/loss rlJÖt ÖttC /Net Profit

0.00

0.00

0.00

0.00

0.00

0.00

0.00

57131.76 64872.45 117009.19 114558.55 51550.12 39693.59

575.25

0.00

yàg mqalt: Other Information:

FkzJth ytrô;gtk Segment assets

517.66 226266.32 219642.25

dih ytckrx; ytrô;gtk Unallocated assets

1413.34

1309.69

fwUÖt ytrô;gtk Total assets

227679.66 220951.94

FkzJth =ug;tYk Segment liabilities

54287.12 61766.55 111183.19 109073.83 48983.39 37793.18

317.95

277.10 214771.65 208910.65

dih ytckrx; =ug;tYk Unallocated liabilities

12908.01

12041.29

227679.66

20951.94

fwUÖt =ug;tYk Total liabilities

189

¦ÉÉMÉ ¤ÉÒ : ¦ÉÉèMÉÉäÊ±ÉEò ºÉäMÉ¨Éå]õ

htsôJ / Revenue ytrô;gtk / Assets

/ Part B: Geographic Segments

DhuÖtq

yk;hhtíx[eg

Domestic

International

atÖtq JMo

d; JMo

atÖtq JMo

d; JMo

atÖtq JMo

d; JMo

Previous Year

Current Year

Previous Year

Current Year

Previous Year

21651.40

20848.80

240.13

208.68

21891.53

21057.48

215327.21

211563.71

12352.45

9388.23

227679.66

220951.94

¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ BBºÉ 17 +Éè®ú =ºÉ {É®ú ¦ÉÉÊ®ú¤Éé Eäò Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖºÉÉ®ú ºÉäMÉ¨Éå]õ Ê®ú{ÉÉæÍ]õMÉ Eäò |ÉªÉÉäVÉxÉ ½äþiÉÖ ¤ÉéEò Eäò ´ªÉ´ÉºÉÉªÉ EòÉä SÉÉ®ú ºÉäMÉ¨Éå]õ ¨Éå ´ÉMÉÔEòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ +lÉÉÇiÉ o ]Åõä VÉ®úÒ {ÉÊ®úSÉÉ±ÉxÉ o EòÉ®ú{ÉÉä®úä]õ/lÉÉäEò ¤ÉéËEòMÉ o JÉÖnù®úÉ ¤ÉéËEòMÉ o +xªÉ ¤ÉéËEòMÉ ´ªÉ´ÉºÉÉªÉ z ¦ÉÉèMÉÉäÊ±ÉEò ºÉäMÉ¨Éå]õ EòÉä (Eò) PÉ®äú±ÉÚ +Éè®ú (JÉ) +ÆiÉ®ú®úÉ¹]ÅõÒªÉ Eäò °ü{É ¨Éå ´ÉMÉÔEÞòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* z ºÉÉÆÊ´ÉÊvÉEò +{ÉäIÉÉ ºÉä +ÊvÉEò BºÉB±É+É®ú |ÉÊiÉ¦ÉÚÊiÉªÉÉå ¨Éå ÊxÉ´Éä¶É +Éè®ú MÉè®ú BºÉB±É+É®ú |ÉÊiÉ¦ÉÚÊiÉªÉÉå ¨Éå ÊxÉ´Éä¶É EòÉä ]ÅäõVÉ®úÒ {ÉÊ®úSÉÉ±ÉxÉ ½äþiÉÖ ÊxÉ´Éä¶É Eäò °ü{É ¨Éå ¨ÉÉxÉÉ MÉªÉÉ ½èþ* z ÊEòºÉÒ Ê´É¶Éä¹É ºÉäMÉ¨Éå]õ ºÉä ºÉÒvÉä ºÉÆ¤ÉÆÊvÉiÉ ´ªÉªÉ, +ÉÎºiÉªÉÉåÆ +Éè®ú näùªÉiÉÉ+Éå EòÉä =ºÉÒ ºÉäMÉ¨Éå]õ EòÉä +É¤ÉÆÊ]õiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ +Éè®ú VÉ½þÉÆ EòÉä<Ç ¨Énù ºÉÒvÉä ÊEòºÉÒ Ê´ÉÊ¶É¹]õ ºÉäMÉä¨Éå]õ ºÉä ºÉÆ¤ÉÆÊvÉiÉ xÉ½þÓ ½èþ =ºÉä |É¤ÉÆÊvÉiÉ ´ªÉ´ÉºÉÉªÉ Eäò +xÉÖ{ÉÉiÉ ¨Éå +É¤ÉÆÊ]õiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* 7.5 ºÉÆ¤ÉÆÊvÉiÉ {ÉIÉEòÉ®úÉå Eäò |ÉEò]õÒEò®úhÉ - ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ) 18 ºÉÆ¤ÉÆÊvÉiÉ {ÉÉÌ]õªÉÉå EòÒ ºÉÚSÉÒ B´ÉÆ ±ÉäxÉnäùxÉ ºÉÆ¤ÉÆÊvÉiÉ {ÉÉÌ]õªÉÉå Eäò xÉÉ¨É, ¤ÉéEò Eäò ºÉÉlÉ =xÉEòÉ ºÉÆ¤ÉÆvÉ iÉlÉÉ ÊEòB MÉB ±ÉäxÉnäùxÉ* (Bò) ¨ÉÖJªÉ |É¤ÉÆvÉxÉ EòÉÌ¨ÉEò / (a) Key Management Personnel: z

GòÆ.ºÉÆ.ò

xÉÉ¨É

{ÉnùxÉÉ¨É

Sl. No.

Name

Designation

1 2 3

fUtu g:trô:r; J;obtl rl=uNfU /

Notes to Segment Information: z

The business of the subsidiary company, a non-banking entity has been considered as residual business in consolidated segment reporting.

z

For the purpose of segment reporting in of AS 17 issued by the Institute of Chartered ants of India and RBI guidelines thereon, the business of the bank has been classified into four segments, viz. o o o o

Treasury Operations, Corporate / Wholesale Banking Retail Banking Other Banking business

z

Geographical segment has been classified as (a) Domestic and (b) International.

z

Investment in SLR securities in excess of statutory requirements and investment in non-SLR securities have been considered as investment for Treasury Operations.

z

Expenses, assets and liabilities directly attributed to particular segment are allocated to the relative segment and wherever the items are not directly attributable to specific segment the same has been allocated in proportion to business managed.

7.5. Related Party Disclosures – ing Standard (AS) 18 List of Related Parties and Transactions The names of the related parties, their relationship with the bank and transaction effected-

(` ±ÉÉJÉ ¨Éå) / (` in Lac) {ÉÊ®ú±ÉÎ¤vÉªÉÉÄ / Remuneration

Existing Directors as on 31.03.2015

¸ÉÒ ®úÉEäò¶É ºÉä`öÒ

+vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò

Shri Rakesh Sethi

Chairman & Managing Director (ºÉä/from 12.03.2014)

¸ÉÒ VÉä. Eäò. ËºÉ½þ JÉ¤ÉÇ

EòÉªÉÇú{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

Shri J. K.Singh Kharb

Executive Director (ºÉä/from 23.01.2014)

¸ÉÒ BxÉ. Eäò. ºÉÉ½Ú

EòÉªÉÇú{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

Shri N. K. Sahoo

Executive Director (ºÉä/from 12.03.2015)

Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y.


2014-15

2013-14

18.64

0.93

16.16

2.83

0.87

¶ÉÚxªÉ/NIL

Smt. S. Panse

Ex- Chairman & Managing Director (iÉEò/upto 31.01.2014) ¶ÉÚxªÉ/NIL

21.35

¸ÉÒ VÉä. {ÉÒ. nÚù+É

¦ÉÚ. {ÉÚ. +vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò

Shri J. P. Dua

Ex- Chairman & Managing Director (iÉEò/upto 31.08.2012)

¦ÉÚ. {ÉÚ. ÊxÉnäù¶ÉEò / Ex Directors ¸ÉÒ¨ÉiÉÒ BºÉ. {ÉÉxÉºÉä 1 2

Total

Current Year

ºÉäMÉ¨Éå] ºÉÚSÉxÉÉ {É®ú xÉÉä]õ: z +xÉÖ¹ÉÆMÉÒ EÆò{ÉxÉÒ, BEò MÉè®ú ¤ÉéËEòMÉ ºÉÆºlÉÉ Eäò ´ªÉ´ÉºÉÉªÉ EòÉä ºÉ¨ÉäÊEòiÉ ºÉäMÉ¨Éå]õ Ê®ú{ÉÉäÍ]õMÉ ¨Éå +´ÉÊ¶É¹]õ ´ªÉ´ÉºÉÉªÉ Eäò °ü{É ¨Éå ¨ÉÉxÉÉ MÉªÉÉ ½èþ*õ

31.03.2015

(` Eò®úÉcä ÷ ¨Éå)/(` in crore) fwUÖt

¦ÉÚ. {ÉÚ. +vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò

190

¶ÉÚxªÉ/NIL

8.00

GòÆ.ºÉÆ.

xÉÉ¨É

{ÉnùxÉÉ¨É

Sl. No.

Name

Designation

31.03.2015 3 4 5 6

fUtu g:trô:r; J;obtl rl=uNfU /

{ÉÊ®ú±ÉÎ¤vÉªÉÉÄ / Remuneration

Existing Directors as on 31.03.2015

¸ÉÒ ]õÒ. +É® SÉÉ´É±ÉÉ

¦ÉÚ. {ÉÚ. EòÉªÉÇ{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

Shri T. R. Chawal

Ex- Executive Director (iÉEò/upto 30.04.2014)

¸ÉÒ +¯ûhÉ ÊiÉ´ÉÉ®úÒ


Shri Arun Tiwari


¸ÉÒ b÷Ò. ºÉ®úEòÉ®ú


Shri D. Sarkar


¸ÉÒ B¨É. +É®ú. xÉÉªÉEò

¦ÉÚ. {ÉÚ. EòÉªÉÇú{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

Shri M. R. Nayak




2014-15

2013-14

3.94

22.25

¶ÉÚxªÉ/NIL

18.86

¶ÉÚxªÉ/NIL

6.50

¶ÉÚxªÉ/NIL

6.50

OÉèSªÉÖ]õÒ iÉlÉÉ UÖô^õÒ xÉEònùÒEò®úhÉ ºÉä ºÉÆ¤ÉÆÊvÉiÉ ´ªÉªÉ EòÉ ÊxÉvÉÉÇ®úhÉ ºÉ¨ÉOÉ EÆò{ÉxÉÒ Eäò +ÉvÉÉ®ú {É®ú ´ÉÉÌ¹ÉEò °ü{É ºÉä ¤ÉÒ¨ÉÉÆEòEò |ÉhÉÉ±ÉÒ uùÉ®úÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ iÉlÉÉ iÉnùxÉÖºÉÉ®ú =ºÉä ={ÉªÉÖHÇ ò ºÉÚSÉxÉÉ ¨Éå xÉ½þÓ Ê±ÉªÉÉ MÉªÉÉ ½èþ*

Expenses towards gratuity and leave encashment are determined actuarially on an overall basis annually and accordingly have not been considered in the above information.

ºÉÆªÉÖHò =t¨É EÆò{ÉxÉÒ ªÉÚÊxÉ´ÉºÉÇ±É ºÉÉä¨{ÉÉä VÉxÉ®ú±É <Æ¶ªÉÉä®úåºÉ EÆò{ÉxÉÒ Ê±É. Eäò ºÉÉlÉ ÊEòB MÉB ±ÉäxÉnäùxÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½éþ*

Transactions with t venture company Universal Sompo General Insurance Company Limited. are as follows:

Ê´É´É®úhÉ /

Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y.2014-15

Particulars

+ÌVÉiÉ +ÉªÉ / Income Earned |ÉnùkÉ ¤ÉÒ¨ÉÉ |ÉÒÊ¨ÉªÉ¨É / Insurance Paid (¤ÉÒ) +xÉÖ¹ÉÆMÉÒ EÆò{ÉxÉÒ

10.88

9.61

9.81

8.40

(b) Subsidiary:

:

AllBank Finance Limited (wholly owned): The bank holds entire share capital of `15.00 Crore (Previous year `15.00 Crore) in the company.

+É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. ({ÉÚhÉÇ º´ÉÉÊ¨Éi´É): ¤ÉéEò EÆò{ÉxÉÒ EòÒ `15.00 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `15.00 Eò®úÉbä ÷Æ) EòÒ ºÉ¨ÉÚSÉÒ ¶ÉäªÉ®ú{ÉÚVÆ ÉÒ EòÉä vÉÉÊ®úiÉ Eò®úiÉÉ ½èþ* (ºÉÒ) ºÉÆªÉÖHò =t¨É

(` Eò®úÉcä ÷ ¨Éå)/(` in crore) Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y.2013-14

:

(c) t Venture:

i)

ªÉÖÊxÉ´ÉºÉÇ±É ºÉÉä¨{ÉÉä VÉxÉ®ú±É <x¶ªÉÉä®úxºÉ EÆò{ÉxÉÒ Ê±É.

i)

ii)

BBºÉ+É®ú<ºÇ ÉÒ (<ÆÊb÷ªÉÉ) Ê±É.

ii) ASREC (India) Ltd.

¤ÉéEò ªÉÖÊxÉ´ÉºÉÇ±É ºÉÉä¨{ÉÉä VÉxÉ®ú±É <x¶ªÉÉä®úxºÉ EÆò{ÉxÉÒ Ê±É.Eäò `105 Eò®úÉcä ÷ ¨ÉÚ±ªÉ(Ê{ÉUô±Éä ´É¹ÉÇ `105 Eò®úÉcä ÷) Eäò 30 |ÉÊiÉ¶ÉiÉ B´ÉÆ BBºÉ+É®ú<ºÇ ÉÒ (<ÆÊb÷ªÉÉ) Ê±É Eäò `26.50 Eò®úÉcä ÷ ¨ÉÚ±ªÉ (Ê{ÉUô±Éä ´É¹ÉÇ `26.50 Eò®úÉcä ÷) Eäò 27|ÉÊiÉ¶ÉiÉ ¶ÉäªÉ®ú vÉÉÊ®úiÉ Eò®úiÉÉ ½èþ* (b÷Ò) BºÉÉäÊºÉB]ÂõºÉ

Universal Sompo General Insurance Company Limited.

The Bank is holding 30% share in Universal Sompo General Insurance Company Limited amounting to `105.00 Crore (previous year `105.00 Crore) and 27.04% share in ASREC (India) Ltd. amounting to `26.50 Crore (previous year `26.50 Crore) (d) Associates:

<±ÉÉ½þÉ¤ÉÉnù ªÉÚ{ÉÒ OÉÉ¨ÉÒhÉ ¤ÉéEò:

Allahabad U.P. Gramin Bank:

¤ÉéEò IÉäjÉÒªÉ OÉÉ¨ÉÒhÉ ¤ÉéEò Eäò `21.67 Eò®úÉäc÷ ¨ÉÚ±ªÉ (Ê{ÉUô±Éä ´É¹ÉÇ `21.67 Eò®úÉc ä ÷) Eäò 35 |ÉÊiÉ¶ÉiÉ EòÉä vÉÉÊ®úiÉ Eò®úiÉÉ ½èþ*

The Bank is holding 35% share in Allahabad U.P. Gramin Bank amounting to `21.67 Crore (previous year `21.67 Crore).

ºÉÆ¤ÉÆÊvÉiÉ {ÉIÉEòÉ®úÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå +xªÉ |ÉEò]õÒEò®úhÉ <ºÉ |ÉEòÉ®ú ½éþ:

Other Disclosures pertaining to related parties are as under:

191

(` Eò®úÉcä ÷ ¨Éå)/(` in Crore) ¨Énù/ ºÉÆ¤ÉÆÊvÉiÉ {ÉIÉEòÉ®ú

{ÉÉ]õÔ {Éä®úå] (º´ÉÉÊ¨Éi´É ÊxÉªÉÆjÉhÉ Eäò +xÉÖºÉÉ®ú)

õ+xÉÖ¹ÉÆMÉÒ,

Parent (as per ownership control)

Subsidiary

1

2

3

4

5

2+3+4+5

=vÉÉ®ú /Borrowings VÉ¨ÉÉ®úÉÊ¶ÉªÉÉÆ /Deposits VÉ¨ÉÉ®úÉÊ¶ÉªÉÉå EòÉ {±ÉäºÉ¨Éå]õ /

1531.99

-

248.38

-

-

248.38 -

Placement of Deposits +ÊOÉ¨É / Advances ÊxÉ´Éä¶É / Investments

248.38 -

19.71 -

1512.06 -

0.22 -

-

1531.99 -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

343.03 279.25

0.97

279.25 342.05

0.01

-

279.25 343.03

11.95

-

9.06

-

-

9.06

9.06

-

11.95

-

-

11.95

0.33

0.33

-

-

-

0.33

1500

-

1500.00

-

-

1500.00

Items/Related Party

BäºÉÉäÊºÉB]/ ºÉÆªÉÖHò ={ÉGò¨É

|É¨ÉÖJÉ |É¤ÉÆvÉxÉ EòÉÌ¨ÉEò

|É¨ÉÖJÉ |É¤ÉÆvÉxÉ EòÉÌ¨ÉEò Eäò ºÉÆ¤ÉÆvÉÒ

EÖò±É

Associate/ Key Relatives of t Management Key ventures Personnel Management Personnel

Total

MÉè®ú ÊxÉÊvÉEò |ÉÊiÉ¤ÉrùiÉÉBÆ / Non-funded commitments

={É¦ÉÉäMÉ EòÒ MÉ<Ç ±ÉÒËVÉMÉ/BSÉ{ÉÒ ´ªÉ´ÉºlÉÉ Leasing/HP arrangements availed

|ÉnùÉxÉ EòÒ MÉ<Ç ±ÉÒËVÉMÉ/BSÉ{ÉÒ ´ªÉ´ÉºlÉÉ Leasing/HP arrangements provided

+SÉ±Éú +ÉÎºiÉªÉÉå EòÒ JÉ®úÒnù Purchase of fixed assets

+SÉ±Éú +ÉÎºiÉªÉÉå EòÒ Ê¤ÉGòÒ Sale of fixed assets |ÉnùkÉ ¤ªÉÉVÉ / Interest paid |ÉÉ{iÉ ¤ªÉÉVÉ / Interest received

ºÉä´ÉÉ |ÉnùÉxÉ Eò®úxÉÉ / Rendering of Services

ºÉä´ÉÉ |ÉÉ{iÉ Eò®úxÉÉ / Receiving of services

|É¤ÉÆvÉxÉ ºÉÆÊ´ÉnùÉBÆ / Management contracts

GòªÉ +Éè®ú Ê´ÉGòªÉ ÊEòB MÉB +É<Ç¤ÉÒ{ÉÒºÉÒ / IBPC sold & purchased

7.6.

{É]Âõ]õÉ |ÉEò]õÒEò®úhÉ B) ¤ÉéEò Eäò {ÉÉºÉ EòÉªÉÉÇ±ÉªÉÉå / +É´ÉÉºÉÒªÉ ºÉÖÊ´ÉvÉÉ+Éå Eäò Ê±ÉB Ê´ÉÊ¦ÉzÉ {É]Âõ]õä ½éþ* <ºÉ ºÉÆ¤ÉÆvÉ ¨Éå ÊxÉ¨xÉ´ÉiÉ |ÉEò]õÒEò®úhÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ:

ÊxÉ¨xÉÊ±ÉÊJÉiÉ |ÉiªÉäEò +´ÉÊvÉ ½äþiÉÖ ÊxÉ®úºiÉ xÉ Eò®ú ºÉEòxÉä ´ÉÉ±Éä {ÉÊ®úSÉÉ±ÉxÉMÉiÉ {É]Âõ]õÉå Eäò +ÆiÉMÉÇiÉ ¦ÉÉ´ÉÒ xªÉÚxÉiÉ¨É {É]Âõ]õä ¦ÉÖMÉiÉÉxÉÉå EòÉ ªÉÉäMÉ : +ºÉ¨ÉÉ{iÉ {É]Âõ]õÉ +´ÉÊvÉ ½äþiÉÖ näùªÉ ÊEò®úÉªÉÉ

7.6. Lease Disclosure- ing Standard (AS) 19: A) The Bank has various operating leases for offices/ residential facilities. Disclosures in this regard are as under: i) The total of future minimum lease payments under non-cancelable operating leases for each of the following periods:

i)

Rent payable for unexpired lease period

(` Eò®úÉcä ÷ ¨Éå)/(` in Crore) ¨ÉÉèVÉÚnùÉ {É]Âõ]õÉ +´ÉÊvÉ / Existing Lease Period

näùªÉ ®úÉÊ¶É / EòÉä ªÉlÉÉÎºlÉÊiÉ /As on

BEò ´É¹ÉÇ ºÉä +xÉÊvÉEò / Not later than one year

Amount Payable

EòÉä ªÉlÉÉÎºlÉÊiÉ /As on

31.03.2015 79.75

31.03.2014 69.54

197.48

183.74

45.26

40.31

BEò ´É¹ÉÇ Eäò ¤ÉÉnù iÉlÉÉ {ÉÉÄSÉ ´É¹ÉÇ ºÉä +xÉÊvÉEò / Later than one year and not later than five years

{ÉÉÄSÉ ´É¹ÉÇ Eäò ¤ÉÉnù /Later than five years 192

+{ÉxÉÒ +xÉÖ¹ÉÆMÉÒ ºÉÆºlÉÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå {É]Âõ]õÉ ±ÉäJÉÉ ¨ÉÉxÉEò |ÉªÉÉäVªÉ xÉ½þÓ ½èþ <ºÉÊ±ÉB EÆò{ÉxÉÒ xÉä 01.04.2001 Eäò ¤ÉÉnù ºÉä EòÉä<Ç {É]Âõ]õÉ ºÉÆº´ÉÒEÞòiÉ xÉ½þÓ ÊEòªÉÉ ½èþ*

In respect of its subsidiary, lease ing standard is not applicable since the Company has not sanctioned any lease after 01.04.2001. ii) The total of future minimum sublease payments expected to be received under non-cancelable subleases at the balance sheet date: NIL (Previous Year: NIL)

ii)

iÉÖ±ÉxÉ {ÉjÉ EòÒ iÉÉ®úÒJÉ EòÉä ÊxÉ®úºiÉ xÉ Eò®ú ºÉEòxÉä ´ÉÉ±Éä ={É {É]Âõ]õä Eäò +ÆiÉMÉÇiÉ |ÉÉ{iÉ ÊEòB VÉÉxÉä ´ÉÉ±Éä |ÉiªÉÉÊ¶ÉiÉ ¦ÉÉ´ÉÒ ÊxÉ¨xÉiÉ¨É ={É {É]Âõ]õä Eäò ¦ÉÖMÉiÉÉxÉÉå EòÉ ªÉÉäMÉ : ¶ÉÚxªÉ (Ê{ÉUô±ÉÉ ´É¹ÉÇ: ¶ÉÚxªÉ)

iii)

ºÉÆ¤ÉÆÊvÉiÉ +´ÉÊvÉ ½äþiÉÖ ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ EòÒ Ê´É´É®úhÉÒ ¨Éå +Ê¦ÉYÉÉiÉ {É]Âõ]õä ¦ÉÖMÉiÉÉxÉ : `132.24 Eò®úÉcä ÷ (Ê{ÉUô±ÉÉ ´É¹ÉÇ `111.45 Eò®úÉcä ÷)

iii) Lease payments recognised in the statement of profit and loss for the period: `132.24 Crore (Previous Year: `111.45 Crore)

iv)

ºÉÆ¤ÉÆÊvÉiÉ +´ÉÊvÉ ½äþiÉÖ ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ EòÒ Ê´É´É®úhÉÒ ¨Éå +Ê¦ÉYÉÉiÉ |ÉÉ{iÉ (+lÉ´ÉÉ |ÉÉ{ªÉ) ={É-{É]Âõ]õä Eäò ¦ÉÖMÉiÉÉxÉ : ¶ÉÚxªÉ (Ê{ÉUô±ÉÉ ´É¹ÉÇ: ¶ÉÚxªÉ)

iv) Sub-lease payments received (or receivable) recognised in the statement of profit and loss for the period: NIL (Previous Year: NIL)

¤ÉÒ) Ê´ÉkÉÒªÉ {É]Âõ]õÉ

7.7

¤ÉéEò Eäò {ÉÉºÉ Ê´ÉkÉÒªÉ {É]Âõ]õä Eäò +ÆiÉMÉÇiÉ EòÉä<Ç ºÉ¨{ÉÊkÉ xÉ½þÓ ½èþ*

B)

|ÉÊiÉ ¶ÉäªÉ®ú +VÉÇxÉ : ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ) 20

7.7. Earning Per Share – ing Standard (AS) 20

Gò¨É ºÉÆ.

Ê´É´É®úhÉ

Sl No.

Particulars

1.

Financial Lease

Bank is not having any assets under Financial Lease.


(` Eò®úÉcä ÷ ¨Éå)/(` in Crore) Ê´ÉkÉÒªÉ ´É¹ÉÇ/F.Y.

2014-15

2013-14

11.91

23.21

|ÉÊiÉ ¶ÉäªÉ®ú ¤ÉäÊºÉEò B´ÉÆú b÷É<±ªÉÚ]õäb÷ +VÉÇxÉ Basic and Diluted Earning Per Share (`)

|ÉÊiÉ ¶ÉäªÉ®ú ¤ÉäÊºÉEò B´ÉÆ b÷É<±ªÉÚ]õäb÷ +VÉÇxÉ EòÒ MÉhÉxÉÉ /

Calculation of Basic and Diluted Earning Per Share:

Gò¨É ºÉÆ.

Ê´É´É®úhÉ

Sl No.

Particulars

B/A

´É¹ÉÇ ½äþiÉÖ <ÎC´É]õÒ ¶ÉäªÉ®úvÉÉ®úEòÉå {É®ú +É®úÉ{ä ªÉ ÊxÉ´É±É ±ÉÉ¦É (` Eò®úÉcä ÷ ¨Éå)



2014-15

2013-14

649.03

1188.43

54,51,22,719

51,19,96,459

11.91

23.21

10.00

10.00

Net Profit for the year attributable to Equity Share holders (` In Crores)

¤ÉÒ/B

<ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ¦ÉÉÊ®úiÉ +ÉèºÉiÉ ºÉÆJªÉÉ Weighted average number of Equity Shares

ºÉÒ/C

|ÉÊiÉ ¶ÉäªÉ®ú ¤ÉäÊºÉEò B´ÉÆú b÷É<±ªÉÚ]õäb÷ +VÉÇxÉ(B/¤ÉÒ) (`) Basic and Diluted Earning per Share (A/B) (`)

b÷Ò/D

|ÉÊiÉ ¶ÉäªÉ®ú xÉÉÊ¨ÉxÉ±É ¨ÉÚ±ªÉ (`) Nominal Value per share (`)

7.8.

+ÉªÉ {É®ú Eò®ú ½äþiÉÖ ±ÉäJÉÉ - ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ)

22

´É¹ÉÇ Eäò nùÉ®è úÉxÉ +ÉºlÉÊMÉiÉ Eò®ú ºiÉ®ú Eäò ºÉ¨ÉÉªÉÉäVÉxÉ Eäò °ü{É ¨Éå `313.87 Eò®úÉcä ÷(ÊxÉ´É±É) (Ê{ÉUô±Éä ´É¹ÉÇ `48.15 Eò®úÉcä (ÊxÉ´É±É)VÉ¨ÉÉä÷) EòÉä ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ JÉÉiÉä ¨Éå VÉ¨ÉÉ Ê±ÉJÉÉ MÉªÉÉ* iÉÖ±ÉxÉ {ÉjÉ EòÒ iÉÉ®úÒJÉ EòÉä ªÉlÉÉÎºlÉÊiÉ +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉå / näùªÉiÉÉ+Éå Eäò ¨ÉÖJªÉ PÉ]õEò iÉÖ±ÉxÉ{ÉjÉ EòÒ ÊiÉÊlÉ Eäò +xÉÖºÉÉ®ú ÊxÉ¨xÉ´ÉiÉ ½èþ:

7.8. ing for Taxes on Income: ing Standard (AS) 22 During the year, an amount of `313.87 Crore credited (Previous year `48.15 Crore debited) to the Profit & Loss by way of adjustment of deferred tax. The major components of Deferred Tax Assets/ Liabilities as on Balance Sheet date are as under:

193

(` Eò®úÉcä ÷ ¨Éå)/(` in crore) ´É¹ÉÇ Eäò |ÉÉ®ú¨¦É ¨Éä

Ê´É´É®úhÉ /

Particulars

At the beginning of the Year

atÖtq JMo

ºÉ¨ÉÉªÉÉäVÉxÉ VÉÉäc÷/ (PÉ]õÉ´É) Adjustment Add/(Less)

´É¹ÉÇ Eäò +ÆiÉ ¨Éå At the close of the Year

d; JMo atÖtq JMo

d; JMo

atÖtq JMo

d; JMo

Current Year

Previous Year

Current Year

Previous Year

Current Previous Year Year

+ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉÆ /Deferred Tax Assets UÖô^õÒ xÉEònùÒEò®úhÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for Leave Encashment

63.16

43.46

25.23

19.70

88.39

63.16

B±ÉB¡òºÉÒ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ /Provision for LFC B¡ò+É<Ç]õÒB±É ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for FITL +xªÉ /Others EÖò±É /Total +ÉºlÉÊMÉiÉ Eò®ú näùªÉiÉÉBÄ /Deferred Tax Liabilities +SÉ±É +ÉÎºiÉªÉÉå EòÉ ¨ÉÚ±ªÉ¿ÉºÉ /Depreciation of Fixed Assets ÊxÉ´Éä¶É Eäò °ü{É ¨Éå vÉÉÊ®úiÉ |ÉÊiÉ¦ÉÚÊiÉªÉÉå {É®ú ={ÉÊSÉiÉ ËEòiÉÖ +näùªÉ ¤ªÉÉVÉ

17.76

12.50

7.45

5.26

25.21

17.76

Nil Nil

Nil Nil

378.89 2.69

Nil Nil

378.89 2.69

Nil Nil

80.92

55.96

414.26

24.96

495.18

80.92

Nil

Nil

0.49

Nil

0.49

Nil

64.34

80.55

1.87

(16.21)

66.21

64.34

deduction under Section 36 (1) (viii)

390.42

Nil

95.68

390.42

486.10

390.42

+xªÉ /Others EÖò±É /Total +ÉºlÉÊMÉiÉ Eò®ú näùªÉiÉÉBÄ (ÊxÉ´É±É) /

0.61

Nil

2.35

0.61

2.96

0.61

455.37

80.55

100.39

374.82

555.76

455.37

Deferred Tax Liability (Net)

374.45

24.59 (313.87)

349.86*

60.58

374.45

Interest Accrued but not due on securities held as Investments

vÉÉ®úÉ 36(1) (viii)Eäò +ÆiÉMÉÇiÉ Eò]õÉiè ÉÒ Eäò EòÉ®úhÉ Ê´É¶Éä¹É Ê®úVÉ´ÉÇ ¨Éå +ÆiÉÊ®úiÉ ®úÉÊ¶É Amount transferred to Special Reserve on of

ä ÷ *`48.15 Eò®úÉc

±ÉÉ¦É B´ÉÆ ½þÉÊxÉ JÉÉiÉÉ Eäò xÉÉ¨Éä Ê±ÉJÉÉ MÉªÉÉ +Éè®ú `301.71 Eò®úÉcä ÷ |ÉÉ®úÊIÉúiÉ JÉÉiÉÉ Eäò xÉÉ¨Éä Ê±ÉJÉÉ MÉªÉÉ* ¨ÉÉSÉÇ 2015 EòÉä ºÉ¨ÉÉ{iÉ SÉÉ±ÉÚ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ¤ÉéEò xÉä ÊxÉÊvÉEò ¤ªÉÉVÉ ¨ÉÒªÉÉnùÒ @ñhÉ (B¡ò+É<Ç]õÒB±É) ½äþiÉÖ Ê´ÉÊ´ÉvÉ näùªÉiÉÉ+Éå (¤ªÉÉVÉ {ÉÚVÆ ÉÒEò®úhÉ) Eäò Ê±ÉB |ÉÉ´ÉvÉÉxÉ ºÉÆ¤ÉÆvÉÒ BBºÉ 22 Eäò +xÉÖºÉÉ®ú +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉå EòÉä +Ê¦ÉYÉÉiÉ ÊEòªÉÉ ½èþ VÉÉä +¤É iÉEò xÉ½þÓ ÊEòªÉÉ VÉÉ ®ú½þÉ lÉÉ* iÉnùxÉÖºÉÉ®ú `378.89 Eò®úÉc ä ÷ (31.03.2014 iÉEò EòÒ +´ÉÊvÉ ºÉä ºÉÆ¤ÉÆÊvÉiÉ `295.90 Eò®úÉcä ÷ ºÉÊ½þiÉ) EòÉä ±ÉÉ¦É ½þÉÊxÉ ±ÉäJÉÉ ¨Éå +Ê¦ÉYÉÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

*`48.15 Crore debited to Profit & Loss and `301.71 Crore debited to Reserve .

¤ÉéEò BSÉ]õÒB¨É ¸ÉähÉÒ Eäò ÊxÉ´Éä¶ÉÉå {É®ú +ÉºlÉÊMÉiÉ Eò®ú +Ê¦ÉYÉÉiÉ xÉ½þÓ Eò®úiÉÉ CªÉÉåÊEò ¤ÉéEò Eäò Ê´ÉSÉÉ®ú ºÉä <ºÉ ºÉÆ¤ÉÆvÉ ¨Éå ºÉ¨ÉªÉ ¨Éå EòÉä<Ç +ÆiÉ®ú xÉ½þÓ ½èþ*ÊxÉ´Éä¶ÉÉå {É®ú +ÉºlÉÊMÉiÉ Eò®ú +Ê¦ÉYÉÉxÉ {É®ú ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ EòÒ Ê´É¶Éä¹ÉYÉ ºÉ±ÉÉ½þEòÉ®ú ºÉÊ¨ÉÊiÉ Eäò Ê´ÉSÉÉ®ú ºÉä ¤ÉéEò xÉä <ºÉ ¨ÉÖqùä EòÉä ¦ÉÉ®úiÉÒªÉ ¤ÉéEò ºÉÆPÉ Eäò {ÉÉºÉ ¨ÉÉMÉÇnù¶ÉÇxÉ ½äþiÉÖ ¦ÉäVÉÉ ½èþ CªÉÉåÊEò =tÉäMÉ VÉMÉiÉ ¨Éå <ºÉ Ê´É¹ÉªÉ {É®ú EòÉ®Çú´ÉÉ<Ç Eò®úxÉä ¨Éå EòÉ¡òÒ Ê¦ÉzÉiÉÉBÆ ½éþ*

The Bank does not recognise deferred tax on HTM category of investments as in its opinion, there is no timing difference in this regard. Pursuant to the opinion of the Expert Advisory Committee of the Institute of Chartered ants of India on recognition of deferred tax on investments, the bank has referred the issue to the Indian Banks’ Association for their guidance on the matter since there is a difference in treatment on this subject in the industry.

During the current financial year ended Mar’2015 the bank has recognised deferred tax asset in accordance with AS 22 on provision for sundry liabilities (interest capitalisation) for funded interest term loan (FITL) which was hitherto not being done. Accordingly an amount of `378.89 Crore (including `295.90 Crore relating to the period up to 31.03.2014) has been recognised in profit and loss .

194

7.9. BºÉÉäÊºÉB]õ ¨Éå ÊxÉ´Éä¶É ½äþiÉÖ ±ÉäJÉÉ(BBºÉ-23)

7.9. ing for Investment in Associates (AS) 23:

ÊxÉ¨xÉÊ±ÉÊJÉiÉ BºÉÉäÊºÉB]õ EòÉä ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ)23 ‘‘ºÉ¨ÉäÊEòiÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå BºÉÉäÊºÉB]ÂõºÉ ¨Éå ÊxÉ´Éä¶É ½äþiÉÖ ±ÉäJÉÉ’’ Eäò +xÉÖºÉÉ®ú ºÉ¨ÉäÊEòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

The following Associate has been consolidated as per the ing Standard (AS)-23 “ing for investments in Associates in Consolidated financial statements.”

ºÉÆºlÉÉ EòÉ xÉÉ¨É

näù¶É/ÊxÉ´ÉÉºÉ

ºÉÆ¤ÉÆvÉ

º´ÉÉÊ¨Éi´É Ê½þiÉ

¶ÉäªÉ®úvÉÉÊ®úiÉÉ EòÒ ®úÉÊ¶É

Name of the entity

Country/ residence

Relationship

Ownership Interest

Amount of Shareholding (` in Crore)/(` Eò®úÉc ä ÷ ¨Éå)

<±ÉÉ½þÉ¤ÉÉnù ªÉÚ{ÉÒ OÉÉ¨ÉÒhÉ ¤ÉéEò

¦ÉÉ®úiÉ

|ÉÉªÉÉäVÉEò ¤ÉéEò

Allahabad U.P. Gramin Bank

India

Sponsor Bank

35.00%

21.67

7.10.

ºÉÆªÉÖHò =t¨É ¨Éå ÊxÉ´Éä¶É ½äþiÉÖ ±ÉäJÉÉ(BBºÉ) 27

7.10. ing for Investment in t Ventures (AS) 27:

ÊxÉ¨xÉÊ±ÉÊJÉiÉ ºÉÆªÉÖHò =t¨Éõ EòÉä ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ)27 ‘‘ºÉ¨ÉäÊEòiÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå ºÉÆªÉÖHò =t¨É ¨Éå ÊxÉ´Éä¶É ½äþiÉÖ ±ÉäJÉÉ’’ Eäò +xÉÖºÉÉ®ú ºÉ¨ÉäÊEòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

The following t venture has been consolidated as per the ing Standard (AS)-27 "ing for investments in t ventures in consolidated financial statements"



ºÉÆ¤ÉÆvÉ



Name of the entity

Country/ residence

Relationship

Ownership Interest

Amount of Shareholding ä ÷ ¨Éå) (` in Crore)/(` Eò®úÉc

ªÉÖÊxÉ´ÉºÉÇ±É ºÉÉä¨{ÉÉä VÉxÉ®ú±É <Æ¶ªÉÉä®úåºÉ EÆò.Ê±É.

¦ÉÉ®úiÉ

ºÉÆªÉÖHò =t¨É

Universal Sompo General Insurance Company Ltd.

India

t Venture

30.00%

105.00

BBºÉ+É®ú<ÇºÉÒ(<ÆÊb÷ªÉÉ)Ê±É.

¦ÉÉ®úiÉ

ºÉÆªÉÖHò =t¨É

ASREC(India) Ltd.

India

t Venture

27.04%

26.50

7.11.

+xÉÖ¹ÉÆMÉÒ EÆò{ÉxÉÒ ¨Éå ÊxÉ´Éä¶É ½äþiÉÖ ±ÉäJÉÉ

7.11.ing for Investment in Subsidiary



ºÉÆ¤ÉÆvÉ



Name of the entity

Country/ residence

Relationship

Ownership Interest

Amount of Shareholding (` in Crore)/(` Eò®úÉc ä ÷ ¨Éå)

+É±É ¤ÉéEò ¡òÉ<xÉéºÉ Ê±É.

¦ÉÉ®úiÉ

+xÉÖ¹ÉÆMÉÒ ({ÉÚhÉÇ º´ÉÉÊ¨Éi´É)

All Bank Finance Limited

India

Subsidiary (wholly owned) 100.00%

15.00

7.12.

Ê´ÉkÉÒªÉ +ÉÎºiÉªÉÉå Eäò °ü{É ¨Éå ¤ÉéEò EòÒ +ÉÎºiÉªÉÉå Eäò {ÉªÉÉÇ{iÉ +Æ¶É {É®ú ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ) 28 ‘<¨{ÉäªÉ®ú¨Éå]õ +Éì¡òò BºÉä]õÂºÉ’ |ÉªÉÉäVªÉ xÉ½þÓ ½èþ* |É¤ÉÆvÉxÉ EòÒ ®úÉªÉ ¨Éå =Hò ¨ÉÉxÉEò Eäò +xÉÖºÉÉ®ú 31.03.2015 EòÉä ¤ÉéEò EòÒ +xªÉ +ÉÎºiÉªÉÉå ¨Éå EòÉä<Ç <¨{ÉäªÉ®ú¨Éå]õ xÉ½þÓ ½èþ +Éè®ú =CiÉ ¨ÉÉxÉEò Eäò +xÉÖºÉÉ®ú +Ê¦ÉYÉÉxÉ ½äþiÉÖ EòÉä<Ç ¨É½þi´É{ÉÚhÉÇ Ê´ÉºiÉÉ®ú xÉ½þÓ ½èþ

7.12. A substantial portion of the bank's assets comprise of 'financial assets' to which ing Standard (AS) 28 'Impairment of Assets' is not applicable. In the opinion of the management, there is no impairment of other assets of the Bank as at 31.03.2015 to any material extent requiring recognition in of the said standard.

7.13.

‘|ÉÉ´ÉvÉÉxÉ, +ÉEòÎº¨ÉEò näùªÉiÉÉBÄ +Éè®ú +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉÆ’ Eäò ºÉÆ¤ÉÆvÉ ¨Éå ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ)29 Eäò +xÉÖºÉÉ®ú |ÉEò]õÒEò®úhÉ

7.13. Disclosure in of ing Standard (AS) 29 on "Provisions, Contingent Liabilities and Contingent Assets":

195

näù ªÉiÉÉ+Éå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ EòÉ EòÉ ºÉÆSÉ±ÉxÉ (<ÊiÉ ¶Éä¹É)

Movement of Provision for Liabilities (Closing Balance)

EòÉä ªÉlÉÉÎºlÉÊiÉ

rJJhK / Particulars

As on 31.03.2015

YlveY nu;w ŒtJ"tl /Provision toward NPA (¤ÉÒ/b) rlJuN vh bqÖgÄtm nu;w ŒtJ"tl / Provision for Depreciation on Investment (ºÉÒ/c) btlfU ytrô;gtü nu;w ŒtJ"tl /Provision towards Standard Assets (b÷Ò/d) ytgfUh nu;w ŒtJ"tl /Provision towards Income Tax (<Ç/e) ytô:rd; fUh ytrô; / =ug;t /Deferred Tax (Assets) / Liabilities (B¡ò/f) ylwMkde ÖttC fUh /Fringe Benefit Tax (VÉÒ/g) yàg /Others fwUÖt / Total 8. Contingent 8. +ÉEòÎº¨ÉEò näùªÉiÉÉBÄ (B/a)

iÉÖ±ÉxÉ {ÉjÉ EòÒ +xÉÖºÉÚSÉÒ 12 Eäò Gò¨É ºÉÆJªÉÉ (I) ºÉä (VI) ¨Éå ªÉlÉÉ=Î±±ÉÊJÉiÉ BäºÉÒ näùªÉiÉÉBÄ Gò¨É¶É: xªÉÉªÉÉ±ÉªÉ/+ÉÌ¤É]Åõä¶ÉxÉ/xªÉÉªÉÉ±ÉªÉ Eäò ¤ÉÉ½þ®ú ÊxÉ{É]õÉxÉ Eäò {ÉÊ®úhÉÉ¨ÉÉå, +{ÉÒ±ÉÉå Eäò ÊxÉ{É]õÉxÉ, ¨ÉÉÆMÉ EòÒ MÉ<Ç ®úÉÊ¶É, ºÉÆÊ´ÉnùÉMÉiÉ ¤ÉÉvªÉiÉÉ+Éå EòÒ ¶ÉiÉÉç, PÉ]õxÉÉGò¨ÉÉå +Éè®ú ºÉÆ¤ÉÆÊvÉiÉ {ÉIÉEòÉ®úÉå uùÉ®úÉ EòÒ MÉ<Ç ¨ÉÉÆMÉ {É®ú ÊxÉ¦ÉÇ®ú ½è* +É±É¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. EòÒ +ÉEòÎº¨ÉEò näùªÉiÉÉ+Éå ºÉä ºÉÆ¤ÉÆÊvÉiÉ +ÊiÉÊ®úHò Ê]õ{{ÉÊhÉªÉÉÆ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½éþ: z

z

9.

As on 31.03.2014

2308.97

2123.73

297.83

387.40

1237.72

840.83

4140.15

2830.38

60.58

374.45

0.00

26.04

2896.23

341.68

10941.48

6924.51

Liabilities

Such liabilities as mentioned at Sl. No.(I) to (VI) in schedule 12 of Consolidated Balance Sheet are dependent upon the outcome of court / arbitration / out of court settlement, disposal of appeals, the amount being called up, of contractual obligations, devolvement and raising of demand by concerned parties respectively. Additional comments in respect of contingent liabilities of AllBank Finance Limited are as follows:

Ê´ÉÊ¦ÉzÉ +{ÉÒ±ÉÒªÉ |ÉÉÊvÉEò®úhÉÉå Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ ¨ÉÉ¨É±ÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå Ê´É´ÉÉÊnùiÉ +ÉªÉEò®ú VÉ½þÉÆ EÆò{ÉxÉÒ EòÉä `0.94 Eò®úÉcä ÷(Ê{ÉUô±Éä ´É¹ÉÇ `1.41 Eò®úÉcä ÷ ) EòÒ ®úEò¨É |ÉÉ{iÉ ½þÉxä Éä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½èþ* 31.03.2015 EòÉä ªÉlÉÉÎºlÉÊiÉ `9.29 Eò®úÉcä ÷ (Ê{ÉUô±Éä ´É¹ÉÇ `1.22 Eò®úÉcä ÷) EòÒ ®úÉÊ¶É +ÊOÉ¨É Eò®ú, »ÉÉäiÉ {É®ú EòÉ]äõ MÉB Eò®ú +Éè®ú |ÉÉ{ªÉ +ÉªÉEò®ú Ê®¡Æòb÷÷ Eäò °ü{É ¨Éå nù¶ÉÉÇ<Ç MÉ<Ç ½èþ* ªÉ½þ ®úÉÊ¶É Eò®úÊxÉvÉÉÇ®úhÉ +Éè®ú +{ÉÒ±É Eäò Ê´É¦ÉzÉ SÉ®úhÉÉå ¨Éå ºÉ¨ÉÉªÉÉäVÉxÉ ½äþiÉÖ ±ÉÆÊ¤ÉiÉ ½èþ*

EÆò{ÉxÉÒ Eäò Ê´É¯ûrù @ñhÉ Eäò °ü{É ¨Éå +Ê¦Éº´ÉÒEÞòiÉ xÉ ÊEòB MÉB nùÉ´Éä: `0.94 Eò®úÉc ä ÷ (Ê{ÉUô±Éä ´É¹ÉÇ `1.22 Eò®úÉcä ÷) +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. Eäò ºÉÆ¤ÉÆvÉ ¨Éå ¨ÉÉxÉxÉÒªÉ Ê´É¶Éä¹É xÉªÉÉªÉÉ±ÉªÉ Eäò +Énäù¶ÉÉxÉÖºÉÉ®ú, ¨Éä. ´ÉÒ.¤ÉÒ. näùºÉÉ<Ç uùÉ®úÉ 13.05.1992 EòÉä +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ë±É. EòÉä ºÉÉé{Éä MÉB ¶ÉäªÉ®úÉå EòÉä ¤ÉéEò Eäò {ÉIÉ ¨Éå ¶ÉäªÉ®úÉå ¨Éå ºÉÆ{ÉÊkÉ EòÉ {ÉÚhÉÇ +ÆiÉ®úhÉ ¨ÉÉxÉÉ MÉªÉÉ* iÉnùxÉÖºÉÉ®ú, ¶ÉäªÉ®úÉå EòÒ ºÉÖ{ÉÖnMÇ ÉÒù EòÒ iÉÉ®úÒJÉ ºÉä ¤ÉéEò ¶ÉäªÉ®úÉå EòÉ º´ÉÉ¨ÉÒ ¤ÉxÉ MÉªÉÉ ½èþ +Éè®ú =ºÉEäò ¤ÉÉnù =xÉ ¶ÉäªÉ®úÉå {É®ú PÉÉäÊ¹ÉiÉ ºÉ¨ÉºiÉ ={ÉSÉªÉ +Éè®ú +ÊvÉEòÉ®úÉå {É®ú <ºÉEòÉ ½þEò ½èþ* ={ÉªÉÖHÇ ò +Énäù¶É Eäò {ÉÊ®úhÉÉ¨Éº´É°ü{É ¶ÉäªÉ®úÉå Eäò +VÉÇxÉ EòÉä nùÒPÉÉÇ´ÉÊvÉ ÊxÉ´Éä¶É ¨ÉÉxÉÉ MÉªÉÉ*

(` Eò®úÉcä ÷ ¨Éå)/(` in crore) EòÉä ªÉlÉÉÎºlÉÊiÉ

z

Disputed Income Tax in respect of matters pending before various appellate authorities where the Company expects to succeed amounts to `0.94 Crore (Previous Year `1.41 Crore). As on 31.03.2015, `9.29 Crore (Previous Year `10.61 Crore) have been shown as advance income tax, tax deducted at source, and income tax refund receivable. This amount is pending adjustment at various stages of assessment and appeal.

z

Claims against the Company not acknowledged as Debts : `0.94 Crore (Previous Year : `1.22 Crore)

9.

In respect of AllBank Finance Limited, as per the order of Hon’ble Special court, the delivery of shares on 13.05.1992 by M/s V. B Desai to AllBank Finance Ltd., constituted complete transfer of property in the shares in favour of the Bank. Accordingly, the Bank became the owner of the shares from the date of delivery of the shares and was entitled to all accretions and rights declared thereafter. Pursuant to the above-mentioned order, the acquisition of the shares has been considered as long term investment.

10.

{ÉÚVÆ ÉÒMÉiÉ JÉÉiÉä {É®ú ÊxÉ¹{ÉÉnùxÉ ½äþiÉÖ ¶Éä¹É ºÉÆÊ´ÉnùÉ EòÒ +xÉÖ¨ÉÉÊxÉiÉ ®úÉÊ¶É ÊVÉºÉEòÉ |ÉÉ´ÉvÉÉxÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ (ÊxÉ´É±É +ÊOÉ¨Éú) `115.65 Eò®úÉcä ÷ (Ê´ÉMÉiÉ ´É¹ÉÇ `61.05 Eò®úÉcä ÷) ½èþ*

10.

Estimated amount of contracts remaining to be executed on capital and not provided for (Net of Advance) `115.65 Crore (Previous Year `61.05 Crore).

11.

+xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå Eäò +ÆiÉMÉÇiÉ vÉÉÊ®úiÉ |ÉÉ´ÉvÉÉxÉ Eäò IÉäjÉ´ÉÉ®ú ¥ÉäEò+{É EòÉä ºÉEò±É +ÊOÉ¨É ºÉä +xÉÖ¨ÉÉÊxÉiÉ +ÉvÉÉ®ú {É®ú PÉ]õÉ ÊnùªÉÉ MÉªÉÉ ½èþ iÉÉÊEò iÉÖ±ÉxÉ{ÉjÉ EòÒ +xÉÖºÉÚSÉÒ 9 ¨Éå ªÉlÉÉäHò ÊxÉ´É±É +ÊOÉ¨É EòÉ ¶Éä¹É ÊxÉEò±É ºÉEäò*

11.

Sector wise break up of provision held under nonperforming advances is deducted on estimated basis from gross advances to arrive at the balance of net advances as stated in the Schedule 9 of the Balance Sheet.

12.

={É±É¤vÉ b÷É]õÉ, ={É±É¤vÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉ +Éè®ú =vÉÉ®úEòiÉÉÇ+Éå ºÉä |ÉÉ{iÉ PÉÉä¹ÉhÉÉ Eäò +ÉvÉÉ®ú {É®ú ¤ÉéEò xÉä 15 VÉxÉ´É®úÒ 2014 Eäò ¦ÉÉÊ®ú¤Éé Eäò {ÉÊ®ú{ÉjÉ b÷Ò¤ÉÒ+Éäb÷Ò ºÉÆ. ¤ÉÒ{ÉÒ.¤ÉÒºÉÒ.85/21.06.200/2013-14 +Éè®ú ÊnùxÉÉÆEò

12.

Based on the available data, available financial statements and the declaration from borrowers wherever received, the Bank has estimated the liability of `1.13

196

3 VÉÚxÉ 2014 Eäò {ÉÊ®ú{ÉjÉ ºÉÆ. b÷Ò¤ÉÒ+Éäb÷Ò ºÉÆ. ¤ÉÒ{ÉÒ.¤ÉÒºÉÒ.116/ 21.06.200/2013-14 ¨Éå ÊnùB MÉB {É®ú´ÉiÉÔ º{É¹]õÒEò®úhÉ Eäò +xÉÖºÉÉ®ú +{ÉxÉä OÉÉ½þEòÉå Eäò Ê±ÉB +xÉ½äþVÉÂb÷ Ê´Énäù¶ÉÒ ¨ÉÖpùÉ BCºÉ{ÉÉäVÉ®ú Eäò ºÉÆ¤ÉÆvÉ ¨Éå 31 ¨ÉÉSÉÇ 2015 iÉEò `1.13 Eò®úÉcä ÷ EòÉ +xÉÖ¨ÉÉxÉ ±ÉMÉÉªÉÉ ½èþ* ºÉ¨ÉÚSÉÒ +xÉÖ¨ÉÉÊxÉiÉ ®úÉÊ¶É EòÉ {ÉÚhÉÇiÉªÉÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

crore upto 31 st March, 2015 on Unhedged Foreign Currency Exposure to their constituents in of RBI circular DBOD. No.BP.BC.85/21.06.200/2013-14 dated 15th January 2014 and subsequent clarification vide circular no. DBOD. No.BP.BC.116/21.06.200/2013-14 dated 3rd June, 2014. The entire estimated amount has been fully provided for.

13.

¤ÉéEò xÉä `10 (¯û{ÉB nùºÉ ¨ÉÉjÉ) Eäò +ÆÊEòiÉ ¨ÉÚ±ªÉ ´ÉÉ±Éä 26769282 (nùÉúä Eò®úÉcä ÷ ºÉc÷ºÉ`öö ±ÉÉJÉ =x½þkÉ®ú ½þVÉÉ®ú nùÉä ºÉÉè ¤ÉªÉÉºÉÒ) <ÎC´É]õÒ ¶ÉäªÉ®ú |ÉÊiÉ ¶ÉäªÉ® `109.54 (¯û{ÉB BEò ºÉÉè xÉÉèú B´ÉÆ {ÉèºÉä SÉÉè´ÉxÉú ¨ÉÉjÉ)ú Eäò |ÉÒÊ¨ÉªÉ¨É {É®ú ¦ÉÉ®úiÉ ºÉ®úEòÉ®ú (¦ÉÉ®úiÉ Eäò ®úÉ¹]Åõ{ÉÊiÉ) EòÉä 119.54 (¯û{ÉB BEòºÉÉè =zÉÒºÉ B´ÉÆ {ÉèºÉä SÉ´ÉÉè´ÉxÉ ¨ÉÉjÉ) Eäò ÊxÉMÉÇ¨É ¨ÉÚ±ªÉ {É®ú +ÊvÉ¨ÉÉxÉÒ +ÉvÉÉ®ú {É®ú `319,99,99,970.28 (¯û{ÉB iÉÒxÉ ºÉÉè =zÉÒºÉ Eò®úÉcä ÷ ÊxÉxªÉÉxÉ´Éä ±ÉÉJÉ ÊxÉxªÉÉxÉ´Éä ½þVÉÉ®ú xÉÉè ºÉÉè ºÉkÉ®ú B´ÉÆ {ÉèºÉä +]Âõ`öÉ<ºÉ ¨ÉÉjÉ) Eäò EÖò±É |ÉÊiÉ¡ò±É {É®ú 25.03.2015 EòÉä +É¤ÉÆÊ]õiÉ ÊEòB ½éþ* <ºÉEäò {ÉÊ®úhÉÉ¨É º´É°ü{É ¦ÉÉ®úiÉ ºÉ®úEòÉ®ú (¦ÉÉ®úiÉ Eäò ®úÉ¹]Åõ{ÉÊiÉ) EòÒ ¶ÉäªÉ®úvÉÉÊ®úiÉÉ 58.90% ºÉä ¤ÉgøEò®ú 60.83% ½þÉä MÉ<Ç ½èþ*

13.

The Bank has issued and allotted 2,67,69,282 (Two Crore Sixty Seven Lac Sixty Nine Thousand Two Hundred Eighty Two) equity shares of face value of `10.00 (Rupees Ten only) at an issue price of `119.54 (Rupees One hundred nineteen and paisa fifty four only) including a of `109.54 (Rupees One Hundred Nine and Paisa Fifty Four only) per equity share to Govt. Of India (President of India) on preferential basis on 25.03.2015 for a total consideration of `319,99,99,970.28 (Rupees Three Hundred Nineteen Crore Ninety Nine Lac Ninety Nine Thousand Nine Hundred Seventy and Paisa Twenty Eighty only). As a result the shareholding of Govt. of India(President of India) has increased from 58.90% to 60.83%.

14.

Ê´ÉkÉÒªÉ ´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ ¤ÉéEò xÉä EÖò±É `500 Eò®úÉcä ÷ EòÒ ]õÒªÉ®ú 2 {ÉÚVÆ ÉÒ Êb÷¤ÉåSÉ®ú º´É°ü{É Eäò ¤ÉÉºÉä±É*** +xÉÖ{ÉÉÊ±ÉiÉ Ê]õªÉ®ú 2 ¤ÉÉÆb÷ Eäò |ÉÉ<´Éä]õ {±ÉäºÉ¨Éå]õ Eäò ¨ÉÉvªÉ¨É ºÉä =MÉÉ½þÒ ½èþ*

14.

During the financial year 2014-15, the Bank has raised Tier 2 Capital aggregating to `500 Crore through private placement of BASEL-III compliant Tier 2 bonds in the nature of debentures.

15.

¤ÉéEò Eäò ÊxÉnäù¶ÉEò ¨ÉÆb÷±É xÉä Ê´ÉkÉÒªÉ ´É¹ÉÇ 2014-15 ½äþiÉÖ ¤ÉéEò EòÒ |ÉnùkÉ {ÉÚVÆ ÉÒ Eäò 16.30% EòÒ nù®ú ºÉä |ÉÊiÉ <ÎC´É]õÒ ¶ÉäªÉ®ú `1.63 Eäò ±ÉÉ¦ÉÉÆ¶É EòÒ ºÉÆºiÉÖÊiÉ EòÒ ½èþ*

15.

The Board of Directors of the Bank has recommended a dividend of `1.63 per equity share i.e. @ 16.30% of paid up capital of the Bank for F.Y. 2014-15.

16. +{ÉÊ®ú¶ÉÉäÊvÉiÉ {Éå¶ÉxÉ +Éè®ú OÉäSªÉÖ]õÒ nùÉÊªÉi´É B. Ê´ÉkÉ ´É¹ÉÇ 2010-2011 Eäò nùÉ®è úÉxÉ <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò (Eò¨ÉÇSÉÉ®úÒ) {Éå¶ÉxÉ Ê´ÉÊxÉªÉ¨É 1995 Eäò iÉ½þiÉ Eò¨ÉÇSÉÉ®úÒ ½äþiÉÖ {Éå¶ÉxÉ ºÉÆ¤ÉÆvÉÒ Ê´ÉEò±{É EòÉä {ÉÖxÉ: ¶ÉÖ¯û Eò®úxÉä B´ÉÆ OÉèSªÉÖ]õÒ EòÉ ¦ÉÖMÉiÉÉxÉ +ÊvÉÊxÉªÉ¨É, 1972 Eäò iÉ½þiÉ OÉäSªÉÖ]õÒ ºÉÒ¨ÉÉ+Éå ¨Éå ¤ÉgøÉkä É®úÒ Eò®úxÉä {É®ú ¤ÉéEò xÉä {Éå¶ÉxÉ ½äþiÉÖ `708.07 Eò®úÉcä ÷ +Éè®ú OÉèSªÉÖ]õÒ ½äþiÉÖ `39.63 Eò®úÉcä ÷ EòÒ ®úÉÊ¶É Eäò +ÊiÉÊ®úHò ¦ÉÉ®ú EòÉ ¤Éc÷É nùÉÊªÉi´É +nùÉ ÊEòªÉÉ ½èþ, ÊVÉºÉä ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò ÊnùxÉÉÆEò 09 ¡ò®ú´É®úÒ, 2011 EòÒ {ÉÊ®ú{ÉjÉ b÷Ò¤ÉÒ+Éäb÷Ò ºÉÆJªÉÉ ¤ÉÒ{ÉÒ.¤ÉÒºÉÒ. 80/21.04.018/201011 Eäò +xÉÖºÉÉ®ú {ÉÊ®ú¶ÉÉäÊvÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* =Hò {ÉÊ®ú{ÉjÉ Eäò |ÉÉ´ÉvÉÉxÉÉå Eäò +xÉÖºÉÉ®ú, {ÉÊ®ú¶ÉÉäÊvÉiÉ JÉSÉÇ Eäò {ÉÉÆSÉ´Éä ¦ÉÉMÉ (1/5th) EòÉ +´É¶ÉÉä¹ÉhÉ |ÉiªÉäEò ´É¹ÉÇ ÊEòªÉÉ VÉÉxÉÉ SÉÉÊ½þB +Éè®ú iÉnùxÉÖºÉÉ®ú, +{ÉÊ®ú¶ÉÉäÊvÉiÉ JÉSÉÉç Eäò °ü{É ¨Éå `747.70 Eò®úÉcä ÷ (+lÉÉÇiÉ {Éå¶ÉxÉ ½äþiÉÖ `708.07 Eò®úÉcä ÷ +Éè®ú OÉèSªÉÖ]õÒ ½äþiÉÖ `39.63 Eò®úÉcä ÷),EòÉä ±ÉÉ¦É +Éè®ú ½þÉÊxÉ ±ÉäJÉÉ ¨Éå |É¦ÉÉÊ®úiÉ ÊEòªÉÉ MÉªÉÉ* ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò =Hò ÊxÉnäù¶É EòÉ +xÉÖºÉ®úhÉ Eò®úiÉä ½ÖþB ¤ÉéEò xÉä SÉÉ±ÉÚ Ê´ÉkÉ ´É¹ÉÇ Eäò nùÉè®úÉxÉ ±ÉÉ¦É +Éè®ú ½þÉÊxÉ ±ÉäJÉÉ ¨Éå `149.36 Eò®úÉäc÷ (+lÉÉÇiÉ `141.66 Eò®úÉcä ÷ {Éå¶ÉxÉ ½äþiÉÖ +Éè®ú `7.70 Eò®úÉcä ÷ OÉèSä ªÉÖ]õÒ ½äþiÉÖ) EòÒ ®úEò¨É |É¦ÉÉÊ®úiÉ EòÒ ½èþ* +OÉäxÉÒiÉ +{ÉÊ®ú¶ÉÉäÊvÉiÉ ®úÉÊ¶É ¶ÉÚxªÉ* ¤ÉÒ. 01.04.2010 EòÉä +lÉ´ÉÉ Eäò ¤ÉÉnù ¤ÉéEò ºÉä´ÉÉ ºÉä VÉÖc÷xÉä ´ÉÉ±Éä Eò¨ÉÇSÉÉÊ®úªÉÉå ½äþiÉÖ {ÉÊ®ú¦ÉÉÊ¹ÉiÉ +Æ¶ÉnùÉxÉ ºÉä´ÉÉÊxÉ´ÉÞÊkÉ Ê½þiÉ±ÉÉ¦É ªÉÉäVÉxÉÉ Eäò EòÉªÉÉÇx´ÉªÉxÉ ¨Éå, ¤ÉéEò xÉä {ÉÒB¡ò+É®úb÷ÒB Eäò Ê´ÉÊxÉªÉÉ¨ÉEò +Éè®ú +ÊvÉ¶ÉÉºÉÒ ÊxÉªÉÆjÉhÉ Eäò +ÆiÉMÉÇiÉ BxÉ{ÉÒBºÉ Eäò EòÉ®ú{ÉÉä®úä]õ ¨ÉÉìb÷±É ½äþiÉÖ ®úÉ¹]ÅõÒªÉ {Éå¶ÉxÉ |ÉhÉÉ±ÉÒ EòÉä +{ÉxÉÉªÉÉ ½èþ +Éè®ú ¤ÉéEò ÊxÉ¨xÉÉäÊqù¹]õ Eò¨ÉÇSÉÉÊ®úªÉÉå ½äþiÉÖ ÊxÉªÉÉäHòÉ-Eò¨ÉÇSÉÉ®úÒ ºÉÆ¤ÉÆvÉ EòÒ {ÉÊ®úÊvÉ Eäò +ÆiÉMÉÇiÉ ¤ÉiÉÉè®ú EòÉ®ú{ÉÉä®úä]õ BxÉ{ÉÒBºÉ ¨Éå ¶ÉÉÊ¨É±É ½Öþ+É ½èþ ÊVÉºÉä ¤ÉéEò ¨Éå +|Éè±É 2012 ºÉä {ÉÊ®úSÉÉÊ±ÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

16.

Unamortised Pension and Gratuity Liabilities:

197

A. On re-opening of Pension option to employees under Allahabad Bank (Employees’) Pension Regulations 1995 and enhancement in Gratuity limits under the Payment of Gratuity Act 1972 during the financial year 2010-2011, the Bank had incurred huge liability towards additional load amounting to `708.07 Crore for Pension and `39.63 Crore for Gratuity, which were amortised in of Reserve Bank of India circular DBOD No.BP.BC.80/21.04.018/2010-11 dated 9th February, 2011. As per the provisions of the said circular, 1/5th of the amortised expenses is to be absorbed each year and accordingly, `747.70 Crore (i.e.`708.07 Crore for Pension and `39.63 Crore for Gratuity) has been charged to the Profit and Loss in F.Y. 2010-11, 2011-12, 2012-13 & 201314, and 2014-15. Following the said directive of the Reserve Bank of India, during the current financial year the Bank has charged a sum of `149.36 Crore (i.e. `141.66 Crore for Pension and `7.70 Crore for Gratuity) to the Profit and Loss . The unamortized amount carried forward is Nil. B. In implementation of the Defined Contribution Retirement Benefit Scheme for the employees ing service of the Bank on or after 01.04.2010, the Bank has adopted National Pension System for Corporate Model of NPS under the regulatory and istrative control of PFRDA and has ed NPS as Corporate under the purview of employer-employee relationship for these underlying employees, which has been operationalised in our Bank since April,2012.

ºÉÒ. ´ÉäiÉxÉ ºÉÆ¶ÉÉävÉxÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ : Eò¨ÉÇSÉÉÊ®úªÉÉå Eäò ´ÉäiÉxÉ ºÉÆ¶ÉÉävÉÉxÉ (10 ´ÉÉÆ Êuù{ÉIÉÒªÉ ºÉ¨ÉZÉÉèiÉÉ) VÉÉä xÉ´É¨¤É®ú 2012 ºÉä näùªÉ ½èþ Eäò EòÉ®úhÉ ¤ÉéEò {É®ú {Éc÷xÉä ´ÉÉ±Éä ºÉÆ¦ÉÉÊ´ÉiÉ ¦ÉÉ®ú ½äþiÉÖ ¤ÉéEò xÉä SÉÉ±ÉÚ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ `361.98 Eò®úÉcä ÷ EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ ½èþ* (Ê{ÉUô±Éä ´É¹ÉÇ 2013-14 ½äþiÉÖ 282.00 Eò®úÉcä ÷ +Éè®ú ´É¹ÉÇ 201213 ½äþiÉÖ `100 Eò®úÉcä ÷)* <ºÉ |ÉEòÉ®ú 31 ¨ÉÉSÉÇ 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ ´ÉäiÉxÉ ºÉÆ¶ÉÉävÉxÉ ½äþiÉÖ EÖò±É `743.98 Eò®úÉcä ÷ EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ MÉªÉÉ ½èþ* ¦ÉÉ®úiÉÒªÉ ¤ÉéEò ºÉÆPÉ Eäò ¨ÉÉMÉÇnù¶ÉÒ xÉÉä]õ/+ÊvÉ´ÉÌ¹ÉiÉÉ ªÉÉäVÉxÉÉ+Éå Eäò ÊxÉÊvÉªÉxÉ ½äþiÉÖ ¤ÉéEò EòÒ xÉÒÊiÉ Eäò ºÉÉlÉ ºÉÉlÉ 23.02.2015 EòÉä SÉSÉÉÇ EòÉªÉÇ´ÉÞkÉ {É®ú ½þºiÉÉIÉ®ú Eò®úxÉä Eäò ¤ÉÉnù +É<Ç¤ÉÒB ºÉä |ÉÉ{iÉ +tiÉxÉ ¡òÒb÷¤ÉèEò Eäò ºÉÉlÉ {ÉÊ`ööiÉ ¦ÉÉ®úiÉÒªÉ Ê®úWÉ´ÉÇ ¤ÉéEò Eäò Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖ{ÉÉ±ÉxÉ ¨Éå ¤ÉéEò xÉä <ºÉ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ 10´Éå Êuù{ÉIÉÒªÉ ºÉ¨ÉZÉÉèiÉä Eäò EòÉ®úhÉ {Éc÷xÉä ´ÉÉ±Éä ºÉÆ¦ÉÉÊ´ÉiÉ ¦ÉÉ®ú Eäò |ÉÉ´ÉvÉÉxÉ EòÒ Ê´ÉÊvÉ EòÒ ºÉ¨ÉÒIÉÉ EòÒ ½èþ* <ºÉ ºÉÆ¤ÉÆvÉ ¨Éå ¦ÉÉ®úiÉÒªÉ ¤ÉéEò ºÉÆPÉ Eäò ¨ÉÉMÉÇnù¶ÉÔ xÉÉä]õ Eäò ºÉJiÉ +xÉÖ{ÉÉ±ÉxÉ Eäò =qäù¶ªÉ ºÉä +ÊvÉ´ÉÌ¹ÉiÉÉ ªÉÉäVÉxÉÉ+Éå(ªÉlÉÉ {Éå¶ÉxÉ, OÉèSªÉÖ]õÒ +Éè®ú UÖô^õÒ xÉEònùÒEò®úhÉ) Eäò ºÉÆ¤ÉÆvÉ ¨Éå ÊxÉÊvÉªÉxÉ Eäò ¦ÉÉ®ú EòÉ +xÉÖ¨ÉÉxÉ ¤ÉéEò Eäò +xÉÖ¨ÉÉäÊnùiÉ ¤ÉÒ¨ÉÉÆEòEòÉå uùÉ®úÉ ÊEòB MÉB ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú ±ÉMÉÉªÉÉ MÉªÉÉ ½èþ +Éè®ú iÉnùxÉÖºÉÉ®ú `743.98 Eò®úÉcä ÷ Eäò ºÉEò±É |ÉÉ´ÉvÉÉxÉ EòÉä {ÉÖxÉ: +É¤ÉÆÊ]õiÉ ÊEòªÉÉ MÉªÉÉ ½èþ (1) ´ÉäiÉxÉ ¤ÉEòÉªÉÉ `419.00 Eò®úÉcä ÷ (2) {Éå¶ÉxÉ `224.25 Eò®úÉäc÷ (3) OÉèSªÉÖ]õÒ `66.44 Eò®úÉäc÷ (4) +´ÉEòÉ¶É xÉEònùÒEò®úhÉ `34.27 Eò®úÉcä ÷* 17.

C. Provision on of Wage revision: To meet the probable load on the Bank on of wage revision of employees (10th bipartite settlement) which is due from November 2012, the Bank has made a provision of `361.98 Crore during the current financial year (previous year 2013-14, `282.00 Crore & for year 2012-13 `100.00 crore).As such total Provision on of wage revision as on 31st March 2015 stands at `743.98 Crore. Keeping in line with the IBA’s Guidance Note/ Bank’s Policy on Funding Superannuation Schemes as also in compliance of RBI directive in the matter read with the latest received from IBA after g of ‘Minutes of Discussion’ on 23.02.2015 , the Bank reviewed the model of provisioning in respect of the probable load on of 10th Bipartite Settlement, during this fiscal. With the object to achieve strict compliance of the IBA’s Guidance Note in this regard, the probable funding load on Superannuation Schemes (viz. Pension, Gratuity and Leave Encashment) have been estimated on the basis of actuarial valuation conducted by Bank’s approved Actuary and accordingly, aggregate provision of `743.98 Crore has been relocated as (1) Arrear Salary `419.00 Crore; (2) Pension `224.25 Crore;(3) Gratuity `66.46 Crore and (4) Leave Encashment `34.27 Crore.

ÎºlÉ®úú |ÉÉ´ÉvÉÉxÉ (|ÉÊiÉSÉGòÒªÉ ºÉÖ®úÊIÉiÉ |ÉÉ´ÉvÉÉxÉ) / Floating Provisions (Countercyclical Provisioning Buffer): (` in Crore)/(`

B./A. Ê´É´É®úhÉ

Eò®úÉcä ÷ ¨Éå)

|ÉÊiÉSÉGòÒªÉ ºÉÖ®úÊIÉiÉ |ÉÉ´ÉvÉÉxÉ ¤É¡ò®ú |ÉÉ´ÉvÉÉxÉ +ÎºlÉ®ú |ÉÉ´ÉvÉÉxÉ

Particulars

Counter cyclical Provision Buffer

(B/a) +lÉ ¶Éä¹É / Opening Balance (¤ÉÒ/b) ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ÊEòªÉä MÉªÉä |ÉÉ´ÉvÉÉxÉ EòÉ {ÉÊ®ú¨ÉÉhÉ Quantum of Provision made during the year * Purpose & Amount of draw down during the year * (b÷Ò/d)<ÊiÉ ¶Éä¹É/Closing Balance

Floating Provisions

Ê´ÉkÉÒªÉ ´É¹ÉÇ




F.Y. 2014-15

F.Y. 2013-14

F.Y. 2014-15

F.Y. 2013-14

48.00

48.00

NIL

NIL

NIL

NIL

NIL

NIL

24.00 24.00

NIL 48.00

NIL NIL

NIL NIL

(ºÉÒ/c) ´É¹ÉÇ Eäò nùÉ®è úÉxÉ bÅ÷Éì b÷É=xÉ EòÒ ®úEò¨É B´ÉÆ |ÉªÉÉäVÉxÉ

* ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò ÊnùxÉÉÆEò 30 ¨ÉÉSÉÇ 2015 Eäò {ÉÊ®ú{ÉjÉ b÷Ò¤ÉÒ+É®ú ºÉÆ. ¤ÉÒ{ÉÒ.¤ÉÒºÉÒ.79/21.04.048/2014-15 Eäò +xÉÖºÉ®úhÉ ¨Éå ¤ÉéEò xÉä 31ÊnùºÉ¨¤É®ú 2014 EòÉä ªÉlÉÉÎºlÉÊiÉ |ÉÊiÉSÉÊGòªÉ ºÉÖ®úÊIÉiÉ |ÉÉ´ÉvÉÉxÉ Eäò 50 |ÉÊiÉ¶ÉiÉ EòÉ ={ÉªÉÉäMÉ Eò®úxÉä EòÉ ÊxÉhÉÇªÉ Ê±ÉªÉÉ ½èþ iÉnùxÉÖºÉÉ®ú BxÉ{ÉÒB ½äþiÉÖ Ê´ÉÊxÉÌnù¹]õ |ÉÉ´ÉvÉÉxÉ Eò®úxÉä Eäò Ê±ÉB `24 Eò®úÉcä ÷ EòÉ ={ÉªÉÉäMÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

* Pursuant to Reserve Bank of India's Circular DBR.No.BP.BC.79/21.04.048/2014-15 dated March 30, 2015, Bank decided to utilize 50 per cent of countercyclical provisioning buffer held as on December 31,2014 and accordingly utilized `24 Crore for making specific Provisions for NPA.

¤ÉÒ. +É®ÊIÉiÉ ÊxÉÊvÉªÉÉå ºÉä bÅ÷Éì b÷É=xÉ: +É®úÊIÉiÉ ÊxÉÊvÉªÉÉå ºÉä bÅ÷É b÷É=xÉ EòÉ Ê´É´É®úhÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½èþ:

B. Draw Down from Reserves: Details of draw down from Revenue Reserves are as under; (` in Crore)/(` Eò®úÉc ä ÷ ¨Éå)

Ê´É´É®úhÉ /

Particulars

(Eò/a)

+ÉºlÉÊMÉiÉ Eò®ú näùªÉiÉÉBÆ (bÒ]õÒB±É)/

(JÉ/b)

ÊxÉÊvÉEò ¤ªÉÉVÉ ¨ÉÒªÉÉnùÒ @ñhÉ (B¡ò+É<Ç]õÒB±É)/


Deferred Tax Liability(DTL) Funded Interest Term Loan(FITL)

198


NIL

301.71

NIL

687.72

18. +nùÉ´ÉÒ näùªÉiÉÉBÆ VÉ½þÉÆ ®úEò¨É näùªÉ ½èþ EòÉä ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú VÉ¨ÉÉEòiÉÉÇ Ê¶ÉIÉÉ B´ÉÆ VÉÉMÉ°üEòiÉÉ ÊxÉÊvÉ (b÷Ò<ÇBB¡ò) ¨Éå +ÆiÉÊ®úiÉ ÊEòªÉÉ MÉªÉÉ ½èþ:

Ê´É´É®úhÉ /

18. Unclaimed liabilities where amount due has been transferred to Depositors Education and Awareness Fund (DEAF) during the year are as under: (` in Crore)/(`

Particulars

Eò®úÉcä ÷ ¨Éå)



0.00

NIL

10.95

NIL

0.00

NIL

10.95

NIL

b÷Ò<ÇBB¡ò ¨Éå +ÆiÉÊ®úiÉ ®úÉÊ¶É EòÉ +lÉ ¶Éä¹É Opening balance of amounts transferred to DEAF

VÉÉäc÷å: ´É¹ÉÇ Eäò nùÉ®è úÉxÉ b÷Ò<ÇBB¡ò ¨Éå +ÆiÉÊ®úiÉ ®úÉÊ¶É Add: Amounts transferred to DEAF during the year

PÉ]õÉBÆ÷: nùÉ´ÉÉå ½äþiÉÖ b÷Ò<ÇBB¡ò ºÉä |ÉÊiÉ{ÉÚÌiÉ EòÒ MÉ<Ç ®úÉÊ¶É Less: Amounts reimbursed by DEAF towards claims

b÷Ò<ÇBB¡ò ¨Éå +ÆiÉÊ®úiÉ ®úÉÊ¶É EòÉ <ÊiÉ ¶Éä¹É Closing balance of amounts transferred to DEAF

19. ¤ÉéEòEòÉ®úÒ EÆò{ÉÊxÉªÉÉÆ (={ÉGò¨ÉÉå EòÉ +VÉÇxÉ +Éè®ú +ÆiÉ®úhÉ) +ÊvÉÊxÉªÉ¨É, 1970 EòÒ vÉÉ®úÉ 10¤ÉÒ (16.10.2006 EòÉä +ÆiÉ:ºlÉÉÊ{ÉiÉ) Eäò ={É¤ÉÆvÉÉå +Éè®ú ¦ÉÉ®úiÉ ºÉ®úEòÉ®ú, Ê´ÉkÉ ¨ÉÆjÉÉ±ÉªÉ uùÉ®úÉ ÊnùxÉÉÆEò 21.05.2014 Eäò {ÉjÉ ºÉÆ. B¡ò. ºÉÆ.7/93/2013-14-¤ÉÒ+ÉäB Eäò iÉ½þiÉ VÉÉ®úÒ Ênù¶ÉÉÊxÉnæù¶ÉÉå Eäò +xÉÖºÉÉ®ú Ê´ÉkÉÒªÉ ´É¹ÉÇ 2006-07 iÉEò Eäò ¤ÉéEò Eäò +nùkÉ +Éè®ú +nùÉ´ÉÒ ±ÉÉ¦ÉÉÆ¶É EòÉä Eäòxpù ºÉ®úEòÉ®ú uùÉ®úÉ ºlÉÉÊ{ÉiÉ ÊxÉ´Éä¶ÉEò Ê¶ÉIÉÉ +Éè®ú ºÉÖ®úIÉÉ ÊxÉÊvÉ (+É<Ç<{Ç ÉÒB¡ò) ¨Éå +ÆiÉÊ®úiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

19. In of the provisions of Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(Inserted on 16.10.2006) and in of directives issued by Government of India, Ministry of Finance vide their letter No.F.No.7/93/2013-BOA dated 21.05.2014, the unpaid and unclaimed dividends of the Bank up to the FY 2006-07 have been transferred to Investors Education & Protection Fund (IEPF) established by the Central Government.

20. ¶ÉäxÉZÉäxÉ (SÉÒxÉ) ¨Éå ¤ÉéEò EòÉ |ÉÊiÉÊxÉÊvÉ EòÉªÉÉÇ±ÉªÉ 01.09.2014 EòÉä ¤ÉÆnù Eò®ú ÊnùªÉÉ MÉªÉÉ ½èþ*Æ

20. The Bank's representative office abroad at Schenzhen (China) has been closed on 01.09.2014

VÉ½þÉÄ +É´É¶ªÉEò ºÉ¨ÉZÉÉ MÉªÉÉ ½èþ Ê´ÉMÉiÉ ´É¹ÉÇ Eäò +ÉÄEòc÷Éå EòÉä {ÉÖxÉ:ºÉ¨ÉÚÊ½þiÉ ªÉÉ {ÉÖxÉ:´ÉMÉÔEÞòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

Figures of previous year have been regrouped or reclassified wherever considered necessary.

199

< ±ÉÉ ½þÉ ¤ÉÉ nù ¤Éé Eò ALLAHABAD BANK

31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ ºÉ¨ÉäÊEòiÉ xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ Consolidated Cash Flow Statement for the year ended 31st March, 2015

(` Eò®úÉcä ÷ ¨Éå)(`` in Crore) Ê´É´É®úhÉ / Particulars B. {ÉÊ®úSÉÉ±ÉxÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ

2014-15

2013-14

A. Cash Flow from Operating Activities

´É¹ÉÇ Eäò nùÉ®è úÉxÉ +ÊOÉ¨ÉÉå, Ê´ÉÊxÉvÉÉxÉÉå +ÉÊnù ºÉä |ÉÉ{iÉ ¤ªÉÉVÉ Interest received during the year from Advances, Investments etc. +xªÉ +ÉªÉ / Other Income PÉ]õÉBÆ: / Less:

19749.06 2139.41

21888.47

18775.60 2277.27

21052.87

´É¹ÉÇ Eäò nùÉ®è úÉxÉ VÉ¨ÉÉ®úÉÊ¶ÉªÉÉå {É®ú |ÉnùkÉ ¤ªÉÉVÉ / Interest paid during the year on Deposits

(12924.18)

(12854.61)

|ÉÉ´ÉvÉÉxÉ B´ÉÆ +ÉEòÎº¨ÉEòiÉÉ+Éå ºÉÊ½þiÉ {ÉÊ®úSÉÉ±ÉxÉ ´ªÉªÉ / Operating Expenses including Provisions & Contingencies VÉÉäc÷å: / Add: +SÉ±É +ÉÎºiÉªÉÉå {É®ú ¨ÉÚ±ªÉ¿ÉºÉ / Depreciation on Fixed Assets

(7705.16)

(20629.34)

(6434.49)

(19289.10)

101.10

84.05

1360.23

1847.82

B. {ÉÊ®úSÉÉ±ÉxÉÉå ºÉä ºÉÞÊVÉiÉ xÉEònù ±ÉÉ¦É ({ÉÊ®úSÉÉ±ÉxÉMÉiÉ +ÉÎºiÉªÉÉå +Éè®ú näùªÉiÉÉ+Éå ¨Éå {ÉÊ®ú´ÉiÉÇxÉ ºÉä {ÉÚ´ÉÇ) a.

Cash Profit generated from operations (prior to changes in operating assets and liabilities)

¤ÉÒ. näùªÉiÉÉ+Éå ¨Éå ´ÉÞÊrù (Eò¨ÉÒ) b.

Increase (Decrease) in Liabilities VÉ¨ÉÉ®úÉÊ¶ÉªÉÉÆ / Deposits +xªÉ näùªÉiÉÉBÆ B´ÉÆ |ÉÉ´ÉvÉÉxÉ / Other Liabilities & Provisions

2541.10 1034.30

3575.40

12100.96 925.83

13026.79

(3808.05)

(8517.78) (5700.21) (628.42)

(14846.41)

ºÉÒ. +ÉÎºiÉªÉÉå ¨Éå Eò¨ÉÒ (´ÉÞÊrù) c.

Decrease (Increase) in Assets

+ÊOÉ¨É / Advances ÊxÉ´Éä¶É / Investments +xªÉ +ÉÎºiÉªÉÉÆ / Other Assets {ÉÊ®úSÉÉ±ÉxÉMÉiÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ |É´ÉÉ½þ (B+¤ÉÒ+ºÉÒ)

(11869.55) 7420.31 641.19

Net Cash Flow from Operating Activities (a+b+c)

1127.58

28.20

ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ Cash Flow from Investing Activities +SÉ±Éú +ÉÎºiÉªÉÉå EòÉ Ê´ÉGòªÉ/ÊxÉºiÉÉ®úhÉ Sale/disposal of fixed assets +SÉ±Éú +ÉÎºiÉªÉÉå EòÉ GòªÉ / Purchase of fixed assets

4.06 (202.23)

10.30 (152.81)

¤ÉÒ. ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ B

Net Cash Flow from Investing Activities

(198.17)

(142.51)

Ê´ÉkÉ{ÉÉä¹ÉhÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ Cash Flow from Financing Activities =vÉÉ®ú / Borrowings =vÉÉ®ú {É®ú ¤ªÉÉVÉ / Interest on Borrowings ±ÉÉ¦ÉÉÆ¶É (Eò®ú ºÉÊ½þiÉ) / Dividends (including tax) <ÎC´É]õÒ ¶ÉäªÉ®ú EòÉ ÊxÉMÉÇ¨É / Issue of Equity Share Ê]õªÉ® 2 ¤ÉÉÆb÷ EòÉ ¨ÉÉäSÉxÉ / Redemption of Tier-2 Bonds +Éì±É ¤ÉéEò ¡òÉ<xÉéºÉ Ê±É. uùÉ®úÉ ´ÉÉ{ÉºÉ EòÒ MÉ<Ç {ÉÚVÆ ÉÒ/ Capital returned by All Bank Finance Ltd

Ê´ÉkÉÒªÉ IÉäjÉ Ê´ÉEòÉºÉ {ÉÊ®úªÉÉäVÉxÉÉ Eäò +iÉMÉÇiÉ @ñhÉ EòÉ ¦ÉÖMÉiÉÉxÉ

/ Payment of Loan under financial sector Dev. Project

ºÉÒ. Ê´ÉkÉÒªÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä ÊxÉÌ¨ÉiÉ ÊxÉ´É±É xÉEònùÒ C

Net Cash generated from Financing Activities

2189.52 (613.16) ¶ÉÚxªÉ/NIL 320.00 ¶ÉÚxªÉ/NIL

2034.64 (579.95) (511.84) 400.00 ¶ÉÚxªÉ/NIL

¶ÉÚxªÉ/NIL

¶ÉÚxªÉ/NIL

¶ÉÚxªÉ/NIL

¶ÉÚxªÉ/NIL 1896.36

200

1342.85

(` Eò®úÉcä ÷ ¨Éå)(`` in Crore)

ºÉ¨ÉäÊEòiÉ xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ (VÉÉ®úÒ...) / Consolidated Cash Flow Statement (Contd.…) Ê´É´É®úhÉ / Particulars ´É¹ÉÇ Eäò nùÉ®è úÉxÉ EÖò±É xÉEònùÒ |É´ÉÉ½þ (B+¤ÉÒ+ºÉÒ) /

2014-15

Total Cash Flow during the year (A+B+C)

2013-14

2825.77

1228.54

b÷Ò. ´É¹ÉÇ Eäò +É®Æú¦É ¨Éå xÉEònùÒ +Éè®ú xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ D.

Cash and Cash equivalent at the beginning of the year

¦ÉÉ®úiÉÒªÉ Ê®úWÉ´ÉÇ ¤ÉéEò Eäò {ÉÉºÉ xÉEònùÒ iÉlÉÉ ¶Éä¹É / Cash and Balances with RBI

8834.52

7808.29

5481.08

5278.77

¤ÉéEòÉå ¨Éå ¶Éä¹É +Éè®ú ¨ÉÉÆMÉ iÉlÉÉ +±{É ºÉÚSÉxÉÉ {É® nùªä É vÉxÉ / Balances with Banks and Money at Call and Short Notice

EÖò±É / Total <Ç. ´É¹ÉÇ Eäò +ÆiÉ ¨Éå xÉEònùÒ +Éè®ú xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ E.

14315.60

13087.06

Cash and Cash equivalent at the end of the year

¦ÉÉ®úiÉÒªÉ Ê®úWÉ´ÉÇ ¤ÉéEò Eäò {ÉÉºÉ xÉEònùÒ iÉlÉÉ ¶Éä¹É / Cash and Balances with RBI

9660.29

8834.52

7481.08

5481.08

¤ÉéEòÉå ¨Éå ¶Éä¹É +Éè®ú ¨ÉÉÆMÉ iÉlÉÉ +±{É ºÉÚSÉxÉÉ {É® nùªä É vÉxÉ / Balances with Banks and Money at Call and Short Notice

EÖò±É / Total ´É¹ÉÇ Eäò nùÉ®è úÉxÉ EÖò±É xÉEònùÒ |É´ÉÉ½þ (<Çó-b÷Ò)

17141.37

14315.60

2825.77

1228.54

Total Cash Flow during the year (E-D)

(B. Eäò. MÉÉäªÉ±É)

({ÉÒ. B±É. |ÉvÉÉxÉ)

(¦É´Éä¶É Ê¨É¸ÉÉ)

¨É½þÉ|É¤ÉÆvÉEò (Ê´ÉkÉ B´ÉÆ ±ÉäJÉÉ)

={É ¨É½þÉ|É¤ÉÆvÉEò (Ê´ÉkÉ B´ÉÆ ±ÉäJÉÉ)

ºÉ½þÉªÉEò ¨É½þÉ|É¤ÉÆvÉEò (Ê´ÉkÉ B´ÉÆ ±ÉäJÉÉ)

(A. K. Goel) General Manager (F&A)

(P. L. Pradhan) Dy. General Manager(F&A)

(Bhavesh Mishra) Asstt General Manager(F&A)

(BxÉ. Eäò. ºÉÉ½Ú)

(®úÉEäò¶É ºÉä`ö Ò)

(VÉä. Eäò. ËºÉ½þ JÉ¤ÉÇ)

+vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò

EòÉªÉÇ{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

EòÉªÉÇ{ÉÉ±ÉEò ÊxÉnäù¶ÉEò

(Rakesh Sethi) Chairman & Managing Director

(J. K. Singh Kharb) Executive Director

(N. K. Sahoo) Executive Director

ºÉ¨É ÊiÉÊlÉ EòÒ ½þ¨ÉÉ®úÒ Ê®ú{ÉÉä]õÇ Eäò +xÉÖºÉÉ® / In of our report of even date ÊxÉnäù¶ÉEò / Directors: ¸ÉÒ B. =nùMÉÉiÉõÉ / Shri A. Udgata ¸ÉÒ ºÉÆVÉÒ´É EÖò¨ÉÉ®ú ¶É¨ÉÉÇþ / Shri Sanjeev Kr. Sharma ¸ÉÒ +VÉªÉ ¶ÉÖC±ÉÉ þ/ Shri Ajay Shukla ¸ÉÒ ´ÉÉ<Ç.{ÉÒ. ËºÉ½þ / Shri Y. P. Singh b÷É.ì Ê¤ÉVÉªÉ EÖò¨ÉÉ®ú ºÉÉ½Úþ / Dr. Bijaya Kumar Sahoo ¸ÉÒ ºÉÉ®úlÉ ºÉÚ®úÉ / Shri Sarath Sura ¸ÉÒ {É®ú´ÉÒxÉ EÖò¨ÉÉ®ú UôÉEä ò®É/ Shri Parveen Kumar Chhokra

EÞòiÉä ¨Éä. ¤ÉÉ]õ±ÉÒ¤ÉÉªÉ BÆb÷ {ÉÖ®úÉÊä ½þiÉ

EÞòiÉä ¨Éä. JÉÆb÷ä±É´ÉÉ±É EòEòÉxÉÒ BÆb÷ EÆò.

For M/s Batliboi & Purohit

For M/s Khandelwal Kakani & Co.

Chartered ants

Chartered ants

ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú


(ºÉÒB ®ú¨ÉxÉ b÷Ò. ½ÆþMÉäEò®ú)

(CA Raman D. Hangekar) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.030615 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No.101048W

EÞòiÉä ¨Éä.ä ®úPÉÖ xÉÉlÉ ®úÉªÉ BÆb÷ EÆò.

(ºÉÒB BxÉ.{ÉÖ®úxnù®úä) (CA N. Purandare) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.072684 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No. 001311C

EÞòiÉä ¨Éä. ºÉ®úlÉ BÆb÷ BºÉÉäÊºÉB]õºÂ É

EÞòiÉä ¨Éä. BxÉ. ºÉÒ. ¤ÉxÉVÉÔ BÆb÷ EÆò.

For M/s Raghu Nath Rai & Co.

For M/s Sarath & Associates

For M/s N.C. Banerjee & Co.

Chartered ants

Chartered ants

Chartered ants

(ºÉÒB ¨ÉÒxÉ±É ËºÉ½)

(ºÉÒB BºÉ. ¸ÉÒÊxÉ´ÉÉºÉ)

(ºÉÒB ¤ÉÒ. Eäò. Ê¤É¶´ÉÉºÉ)


(CA Meenal Singh) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.501975 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No. 000451N


(CA S. Srinivas) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.202471 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No.005120S

ºlÉÉxÉ / Place: EòÉä±ÉEòÉiÉÉ / Kolkata ÊnùxÉÉÆEò / Date: 08.05.2015

201


(CA B.K. Biswas) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.055623 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No 302081E

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INDEPENDENT AUDITORS’ REPORT To The Board of Directors Allahabad Bank Report on the Consolidated Financial Statements 1. We have audited the accompanying consolidated financial statements of Allahabad Bank (“the Bank”), its subsidiary (collectively called as “the group”), an associate and two t ventures as at 31st March, 2015, which comprise the Consolidated Balance Sheet as at March 31, 2015, and Consolidated Profit and Loss and the Consolidated Cash Flow Statement for the year then ended and a summary of significant ing policies and other explanatory information. Incorporated in these financial statements are the audited s of bank audited by us, audited s of one subsidiary, one t venture and unaudited s of one t venture, one associate. Management’s Responsibility for the Consolidated Financial Statements 2. The Management of the Bank is responsible for the preparation of these consolidated financial statements in accordance with the requirements of ing Standard 21 “Consolidated Financial Statements” and ing Standard 23 “ing for Investment in Associates in Consolidated Financial Statements” and ing Standard 27 “Financial Reporting of Interest in t Ventures” issued by the Institute of Chartered ants of India and in accordance of the applicable guidelines of the Reserve Bank of India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the consolidated financial statements that are free from material misstatement, whether due to fraud or error. The respective Board of Directors of the Subsidiary company included in the Group and of Group’s tly controlled entities are responsible for maintenance of adequate ing records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; the selection and application of appropriate ing policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the ing records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial statements by the Directors of the Bank, as aforesaid. Auditor’s Responsibility 3. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered ants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. 4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of ing policies used and the reasonableness of the ing estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. 5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion 6. In our opinion, as shown by books of bank, its subsidiary, associate and two t ventures (group) and to the best of our information and according to the explanations given to us: i. the consolidated Balance Sheet, read with the notes thereon is a full and fair consolidated Balance Sheet containing all the necessary particulars, is properly drawn up so as to exhibit a true and fair view of state of affairs of the group comprising of Allahabad Bank, its subsidiary, associate and two t ventures as at 31st March 2015 in conformity with ing principles generally accepted in India; ii. the consolidated Profit and Loss , read with the notes thereon shows a true balance of profit, in conformity with ing principles generally accepted in India, for the year covered by the ; and iii. the consolidated Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date. Other Matters 7. We did not audit the financial statements of: i.

One subsidiary i.e. Allbank Finance Ltd., whose financial statements are audited, reflect total assets of ` 65.27 Crore as at 31st March, 2015 and total revenues of ` 8.28 Crore for the year ended on that date.

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(ºÉÒB BxÉ. {ÉÖ®úxnù®úä) {ÉÉ]ÇõxÉ®ú ºÉnùºªÉiÉÉ ºÉÆ. 072684 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ. 001311C

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(ºÉÒB ¨ÉÒxÉ±É ËºÉ½) {ÉÉ]ÇõxÉ®ú ºÉnùºªÉiÉÉ ºÉÆ. 501975 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ. 000451N

(ºÉÒB BºÉ.¸ÉÒÊxÉ´ÉÉºÉ) {ÉÉ]ÇõxÉ® ºÉnùºªÉiÉÉ ºÉÆ. 202471 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ. 05120S

(ºÉÒB ¤ÉÒ. Eäò. Ê¤É¶´ÉÉºÉ) {ÉÉ]ÇõxÉ®ú ºÉnùºªÉiÉÉ ºÉÆ. 055623 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ. 302081E

ºlÉÉxÉ : EòÉä±ÉEòÉiÉÉ ÊnùxÉÉÆEò : 08.05.2015

204

ii. One t Venture Company i.e. Universal Sompo General Insurance Company Limited, which is an insurance company, whose financial statements are audited, reflect total asset of ` 1437.47 Crore as at 31st March, 2015 and total revenues of `563.49 Crore for the year ended on that date. These financial statements have been audited by other auditors whose report has been furnished to us, and our opinion, in so far as it relates to the amounts included in respect of the above subsidiary and t venture, is based solely on the report of the respective auditors. 8. We did not audit the financial statements of: i.

The financial statement of one associate i.e. Allahabad U.P. Gramin Bank (RRB) whose financial statements are unaudited, reflect total assets of `9,635.69 crore as at 31st March, 2015 and total revenues of `1,026.24 Crore for the year ended on that date.

ii. The financial statements of one t venture i.e M/s ASREC (India) Ltd., which is an asset reconstruction company, whose financial statements are unaudited and reflect the total assets of `192.08 Crore as at 31st March, 2015 and total revenue of `22.78 Crore as on that date. We have relied on the unaudited financial statements, which have been consolidated on the basis of management certified financial statement. 9. Our opinion on the consolidated financial statements and our report on Other Legal and Regulatory Requirements below, is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements / financial information certified by the Management. Report on Other Legal and Regulatory Requirements 10. The consolidated Balance Sheet and the consolidated Profit and Loss have been drawn up in accordance with the requirements of ing Standard 21 “Consolidated Financial Statements” and ing Standard 23 “ing for Investment in Associates in Consolidated Financial Statements”, and ing Standard 27 “Financial Reporting of Interest in t Ventures” issued by the Institute of Chartered ants of India and the requirements of the Reserve Bank of India. 11. Subject to the limitations of the audit indicated in paragraph 1 to 5 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and subject also to the limitations of disclosure required therein, we report that: a. We have obtained all the information and explanations which to the best of our knowledge and belief, were necessary for the purposes of our audit and have found them to be satisfactory. b. The transactions of Allahabad Bank, its subsidiary, associate and two t ventures (group), which have come to our notice have been within the powers of the group comprising of Allahabad Bank, its subsidiary, associate and two t ventures. c. The returns received from Allahabad Bank, its subsidiary, associate and two t ventures (group) have been found adequate for the purposes of our audit. 12. In our opinion, the Consolidated Balance Sheet, Consolidated Profit and Loss and Consolidated Cash Flow Statement comply with the applicable ing standards. EÞòiÉä ¨Éä. ¤ÉÉ]õ±ÉÒ¤ÉÉªÉ BÆb÷ {ÉÖ®úÉÊä ½þiÉ

EÞòiÉä ¨Éä. JÉÆb÷ä±É´ÉÉ±É EòEòÉxÉÒ BÆb÷ EÆò.

For M/s Batliboi & Purohit

For M/s Khandelwal Kakani & Co.

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EÞòiÉä ¨Éä.ä ®úPÉÖ xÉÉlÉ ®úÉªÉ BÆb÷ EÆò.

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(CA Meenal Singh) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.501975 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No. 000451N


(CA S. Srinivas) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.202471 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No.005120S

ºlÉÉxÉ/Place: EòÉä±ÉEòÉiÉÉ/Kolkata ÊnùxÉÉÆEò/Date: 08.05.2015 205


(CA B.K. Biswas) {ÉÉ]ÇõxÉ®ú / Partner ºÉnùºªÉiÉÉ ºÉÆ./hip No.055623 ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆ./Firm Regn. No 302081E

+Éì±É¤ÉéEò ¡òÉ<xÉèxºÉ Ê±É. AllBank Finance Ltd.

ÊxÉnäù¶ÉEòÉå EòÒ Ê®ú{ÉÉä]õÇ

DIRECTORS’ REPORT

31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ Ê´ÉkÉÒªÉ ´É¹ÉÇ ½äþiÉÖ EÆò{ÉxÉÒ Eäò ±ÉäJÉÉ{É®úÒÊIÉiÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉ ºÉÊ½þiÉ ´ÉÉÌ¹ÉEò Ê®ú{ÉÉä]õÇ |ÉºiÉÖiÉ Eò®úiÉä ½ÖþB ÊxÉnäù¶ÉEòÉå EòÉä |ÉºÉzÉiÉÉ ½þÉä ®ú½þÒ ½èþ* Ê´ÉkÉÒªÉ {ÉÊ®úhÉÉ¨É

The Directors have pleasure in presenting the Annual Report together with audited financial statements of the Company for the year ended 31st March, 2015.

ºÉ¨ÉÒIÉÉvÉÒxÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ +É{ÉEòÒ EÆò{ÉxÉÒ xÉä Ê{ÉUô±Éä ´É¹ÉÇ Eäò `554.31 ±ÉÉJÉ Eäò ò ºÉÉ{ÉäIÉ `827.70 ±ÉÉJÉ EòÉ ±ÉÉ¦É +ÌVÉiÉ ÊEòªÉÉ ½èþ* Eò®ú {É¶SÉÉiÉ ±ÉÉ¦É ¨Éå Eò¨ÉÒ Ê{ÉUô±Éä ´É¹ÉÇ ºÉä ºÉÆ¤ÉÆÊvÉiÉ +ÉªÉEò®ú ºÉ¨ÉÉªÉÉäVÉxÉ Eäò EòÉ®úhÉ +É<Ç ½èþ* Ê´ÉkÉÒªÉ {ÉÊ®úhÉÉ¨ÉÉå EòÉ ºÉÉ®ú ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½éþ :

During the year under review, your company earned total income of ` 827.70 lacs as against ` 554.31 lacs in the previous year. The PAT has decreased due to Income tax adjustments pertaining to previous years. The summary of the financial results is as follows: (+ÉÆEòb÷äÃ ` ¨Éå)/(Fig. in `)

FINANCIAL RESULTS

31st March, 2015

31st March, 2014

8,27,69,524

5,54,31,170

1,18,63,339

1,04,61,000

7,09,06,186

4,49,70,170

1,77,00,000

77,69,000

3,01,64,829

2,17,352

2,30,41,357

3,69,83,818

EÖò±É +ÉªÉ / Total Income EÖò±É ´ªÉªÉ / Total Expenses Eò®ú {ÉÚ´ÉÇ ±ÉÉ¦É / Profit Before tax (PBT) Eò®ú ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for tax +ÉªÉ Eò®ú ºÉ¨ÉÉªÉÉäVÉxÉ(Ê´ÉMÉiÉ ´É¹ÉÇ) / Income Tax Adjustment (Previous Years) Eò®ú {É¶SÉÉiÉ ±ÉÉ¦É / Profit after tax ±ÉÉ¦ÉÉÆ¶É 31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ ÊxÉnäù¶ÉEòÉå xÉä ÊEòºÉÒ ±ÉÉ¦ÉÉÆ¶É EòÒ ÊºÉ¡òÉÊ®ú¶É xÉ½þÓ EòÒ* +É®úÊIÉÊiÉªÉÉÆ ÊxÉnäù¶ÉEòÉå xÉä ÊEòx½þÒ +É®úÊIÉÊiÉ ÊxÉÊvÉªÉÉå ¨Éå ÊEòºÉÒ ®úÉÊ¶É EòÉä ±Éä VÉÉxÉä EòÉ |ÉºiÉÉ´É xÉ½þÓ ÊEòªÉÉ* {ÉÊ®úSÉÉ±ÉxÉ +lÉÇ´ªÉ´ÉºlÉÉ EòÉ Ê´É½ÆþMÉÉ´É±ÉÉäEòxÉ : ¦ÉÉ®úiÉ EòÒ +lÉÇ´ªÉ´ÉºlÉÉ xÉÉÊ¨ÉxÉ±É VÉÒb÷Ò{ÉÒ ¨Éå Ê´É·É EòÒ 10´ÉÓ ºÉ¤ÉºÉä ¤Éc÷Ò +lÉÇ´ªÉ´ÉºlÉÉ ½èþ +Éè®ú iÉÒºÉ®úÒ ºÉ¤ÉºÉä ¤Éc÷Ò GòªÉ ¶ÉÊHò ºÉ¨ÉiÉÉ({ÉÒ{ÉÒ{ÉÒ) ½èþ* näù¶É VÉÒ-20 |É¨ÉÖJÉ +lÉÇ´ªÉ´ÉºlÉÉ+Éå, Ê¥ÉCºÉ EòÉ ºÉnùºªÉ, ¨Éå ºÉä BEò ½èþ +Éè®ú b÷¤±ªÉÚ]õÒ+Éä Eäò +xÉÖºÉÉ®ú 20 ¶ÉÒ¹ÉÇ ´ÉèÊ·ÉEò ]Åõäb÷®úÉå Eäò ¨ÉvªÉ BEò Ê´ÉEòÉºÉ¶ÉÒ±É +lÉÇ´ªÉ´ÉºlÉÉ ½èþ* ¦ÉÉ®úiÉÒªÉ +lÉÇ´ªÉ´ÉºlÉÉ EòÒ ´ÉÉÌ¹ÉEò ´ÉÞÊrù nù®ú Ê´ÉkÉÒªÉ ´É¹ÉÇ 2013-14 ¨Éå 6.9% EòÒ iÉÖ±ÉxÉÉ ¨Éå 2014-15 ¨Éå ¤Égø Eò®ú 7.4% ½þÉxä Éä EòÉ +xÉÖ¨ÉÉxÉ ±ÉMÉÉªÉÉ MÉªÉÉ* SÉÉ±ÉÚ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò nùÉ®è úÉxÉ näù¶É EòÒ +lÉÇ´ªÉ´ÉºlÉÉ ¨Éå ºÉÖvÉÉ®ú ½þÉxä Éä +Éè®ú ´ÉÞÊrù nù®ú 5.5 |ÉÊiÉ¶ÉiÉ ½þÉxä Éä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½èþ* SÉÉ±ÉÚ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò {ÉÚ´ÉÉÇvÉÇ ¨Éå ¦ÉÉ®úiÉÒªÉ +lÉÇ´ªÉ´ÉºlÉÉ EòÒ ´ÉÞÊrù nù®ú Ê{ÉUô±Éä EÖòUô ´É¹ÉÉç Eäò 4.5-4.7 |ÉÊiÉ¶ÉiÉ Eäò ºÉÉ{ÉäIÉ ¤ÉgøEò®ú 5.5 |ÉÊiÉ¶ÉiÉ ½Öþ<Ç ½èþ* Ê´ÉkÉÒªÉ ´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ ¦ÉÉÊ®ú¤ÉéEò xÉä ¤ÉéSÉ¨ÉÉEÇò nù®ú +lÉÉÇiÉ ®äú{ÉÉä ®äú]õ ¨Éå nùÉä SÉ®úhÉÉå ¨Éå 25 |ÉÊiÉ¶ÉiÉ +ÉvÉÉ®ú Ë¤ÉnÖù EòÒ Eò]õÉiè ÉÒ Eò®úxÉä EòÉ ÊxÉhÉÇªÉ Ê±ÉªÉÉ ½èþ +Éè®ú <ºÉä ´ÉiÉÇ¨ÉÉxÉ ¨Éå 7.50 |ÉÊiÉ¶ÉiÉ {É®ú ÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ ½èþ*

DIVIDEND

¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò Eäò xÉÒÊiÉMÉiÉ ={ÉÉªÉ: ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò xÉä 7 +|Éè±É 2015 EòÉä ¤ªÉÉVÉ nù®úÉå EòÉä 7.50 |ÉÊiÉ¶ÉiÉ {É®ú ®úÉEä òä ®úJÉÉ ½èþ +Éè®ú =ºÉxÉä +MÉ±ÉÉ Eònù¨É =`öÉxÉä ºÉä {ÉÚ´ÉÇ º¡òÒÊiÉEòÉ®úÒ nù¤ÉÉ´ÉÉå EòÉ +ÉEò±ÉxÉ Eò®úxÉä ½äþiÉÖ +Éè®ú ´ÉHò ±ÉäxÉä EòÉ <®úÉnùÉ ÊEòªÉÉ ½èþ iÉlÉÉ ¤ÉéEòÉå EòÉä Ê{ÉUô±ÉÒ ¤ªÉÉVÉ nù®ú Eò]õÉèiÉÒ {É®ú Ê´ÉSÉÉ®ú Eò®úiÉä ½ÖþB @ñhÉ nù®úÉå Eäò ºÉ¨ÉÉªÉÉäVÉxÉ ½äþiÉÖ +Éè®ú +ÊvÉEò ºÉ¨ÉªÉ ÊnùªÉÉ ½èþ* ¦ÉÉÊ®ú¤ÉéEò Eäò Ê´É¶±Éä¹ÉhÉ Eäò +xÉÖºÉÉ®ú +MÉ±Éä 5 +Éè®ú 10 ´É¹ÉÉæ ¨Éå ´ÉÉºiÉÊ´ÉEò ºÉEò±É ¨ÉÚ±ªÉ ´ÉÌvÉiÉ(VÉÒ´ÉÒB) ´ÉÊrù Gò¨É¶É: 8.0 |ÉÊiÉ¶ÉiÉ +Éè®ú 8.25 |ÉÊiÉ¶ÉiÉ

Reserve Bank of India’s Policy Measures:

Directors do not recommend any dividend for the year ended 31st March, 2015. RESERVES The Directors do not propose to carry any amount to any reserves. OPERATIONS Overview of the Economy: India is the tenth-largest economy in the world by nominal GDP and the third-largest by purchasing power parity (PPP). According to WTO, the country is one of the G-20 major economies, a member of BRICS and a developing economy among the top 20 global traders. The annual growth rate of the Indian economy is projected to have increased to 7.4% in 2014-15 as compared with 6.9% in the fiscal year 2013-14. During the current financial year, the country’s economy is expected to recover and clock a growth rate of 5.5 percent. In the first half of the current fiscal, India’s economic growth improved to 5.5 percent as against 4.5-4.7 percent over the past couple of years. During the FY 2014-2015, RBI decided to cut the benchmark rate i.e Repo rate in two stages each by 25 percent basis points to fix it at 7.50 percent at present.

The Reserve Bank of India kept interest rates on hold at 7.50 per cent on 7th April, 2015, choosing to wait longer to assess inflationary pressures before making its next move, and to give banks more time to adjust lending rates to reflect previous rate cuts. As per the RBI analysis, over the next five and ten years, real Gross Value Added (GVA) growth is expected at 8.0 per cent

206


½þÉxä Éä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½èþ* +MÉ±Éä {ÉÉÆSÉ +Éè®ú nùºÉ ´É¹ÉÉç ½äþiÉÖ +ÉèºÉiÉ ºÉÒ{ÉÒ+É<Ç ¨ÉÖpùÉº¡òÒÊiÉ {ÉÚ´ÉÉÇxÉÖ¨ÉÉxÉ Gò¨É¶É: 5.3 |ÉÊiÉ¶ÉiÉ +Éè®ú 5.0 |ÉÊiÉ¶ÉiÉ ½þÉxä Éä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½èþ* +MÉ±Éä {ÉÉÆSÉ +Éè®ú nùºÉ ´É¹ÉÉç ½äþiÉÖ +ÉèºÉiÉ b÷¤±ªÉÚ{ÉÒ+É<Ç ½äþb÷±ÉÉ<xÉ ¨ÉÖpùÉº¡òÒÊiÉ Gò¨É¶É: 4.0 |ÉÊiÉ¶ÉiÉ +Éè®ú 3.75 |ÉÊiÉ¶ÉiÉ ½þÉxä Éä EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½èþ*

and 8.25 per cent, respectively. The average I inflation forecast for the next five and ten years are expected at 5.3 per cent and 5.0 per cent, respectively.Over the next five and ten years, WPI headline inflation is expected at 4.0 per cent and 3.75 per cent, respectively.

EÆò{ÉxÉÒ EòÉ {ÉÊ®úSÉÉ±ÉxÉ +Éè®ú ÊGòªÉÉEò±ÉÉ{É

Company’s Operations and Affairs:

´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ +É{ÉEòÒ EÆò{ÉxÉÒ EòÒ MÉÊiÉÊ´ÉÊvÉªÉÉÆ +ÊvÉEòiÉ®ú <xÉ IÉäjÉÉå iÉE ºÉÒÊ¨ÉiÉ ®ú½þÒ ½éþ- ]õÒ<Ç´ÉÒ +vªÉªÉxÉ ºÉ¨ÉxÉÖnùä¶ÉxÉ ÊVÉºÉ¨Éå Ê´ÉÊ¦ÉzÉ IÉäjÉ ¶ÉÉÊ¨É±É ½éþ ªÉlÉÉ {ÉèEòä ËVÉMÉ, +º{ÉiÉÉ±É, ¡Úòb ÷|ÉÉäºÉäËºÉMÉ, ½þÉ]ä õ±É, ¶ÉèIÉÊhÉEò ºÉÆºlÉÉxÉ +ÉÊn,ù Êb÷¤ÉåSÉ®ú/|ÉÊiÉ¦ÉÚÊiÉ, xªÉÉºÉÒ MÉÊiÉÊ´ÉÊvÉªÉÉÆ +Éè®ú Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå EòÒ ´ÉäË]õMÉ +ÉÊnù* +É{ÉEòÒ EÆò{ÉxÉÒ xÉä ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò EòÒ xÉÒÊiÉ Eäò +xÉÖºÉÉ®ú ¤ÉéEòÉå EòÒ nù¤ÉÉ´ÉOÉºiÉ @ñhÉ +ÉÎºiÉªÉÉå ºÉä ºÉÆ¤ÉÆÊvÉiÉ {ÉÖxÉMÉÇ`öxÉ ºÉ¨ÉxÉÖnùä¶ÉxÉÉå {É®ú ¦ÉÒ EòÉ¨É Eò®úxÉÉ +É®Æú¦É ÊEòªÉÉ ½èþ* ´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ +É{ÉEòÒ EÆò{ÉxÉÒ xÉä 29 ºÉä +ÊvÉEò ]õÒ<Ç´ÉÒ/´ÉäË]õMÉ ºÉ¨ÉxÉÖnùä¶ÉxÉ EòÉªÉÇ {ÉÚ®úä ÊEòB ½éþ +Éè®ú <ºÉºÉä ´É¹ÉÇ 2013-14 Eäò nùÉ®è úÉxÉ +ÌVÉiÉ `124.53 ±ÉÉJÉ Eäò ®úÉVÉº´É Eäò ºÉÉ{ÉäIÉ Ê´ÉkÉÒªÉ ´É¹ÉÇ 2014-15 ¨Éå `80.09 ±ÉÉJÉ EòÉ ®úÉVÉº´É +ÌVÉiÉ ÊEòªÉÉ ½èþ* 31.03.2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ¨Éå ÊxÉ´Éä¶É +ÉªÉ `270.87 ±ÉÉJÉ ºÉä ¤ÉgøEò®ú `498.01 ±ÉÉJÉ ½þÉä MÉ<Ç* ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ¤ªÉÉVÉ +ÉªÉ `70.96 ±ÉÉJÉ ºÉä ¤ÉgøEò®ú `106.14 ±ÉÉJÉ ½þÉä MÉ<Ç* SÉÉ±ÉÚ ´É¹ÉÇ Eäò Ê±ÉB nùÊÞ ¹]õEòÉähÉ

During the year 2014-15, your Company’s activities have been confined mostly to TEV study assignments covering various sectors viz packaging, hospitals, food processing, hotels, educational institution, etc, Debenture / Security Trusteeship activities and Vetting of Financials, etc. Your Company has also started undertaking proposal for restructuring assignments relating to stressed loan assets of the Banks in line with the RBI policy. During the FY 2014-15, your Company concluded more than 29 TEV/Vetting assignments thereby generating revenue of ` 80.09 lacs against revenue of ` 124.53 lacs earned during the year 2013-14. The Investment income increased to ` 498.01lacs year ended 31/03/2015 from ` 270.87 lacs. Interest Income increased to ` 106.14 lacs from ` 70.96 lacs during the year.

+É{ÉEòÒ EÆò{ÉxÉÒ Eäò ¶ÉÒ¹ÉÇ |É¤ÉÆvÉxÉ ¨Éå ¨É½þi´É{ÉÚhÉÇ ¤Énù±ÉÉ´É +ÉB ½éþ* EÖòUô ÊxÉnäù¶ÉEòÉå uùÉ®úÉ {Énù UôÉcä ÷ä VÉÉxÉä Eäò EòÉ®úhÉ ÊxÉnäù¶ÉEòÉå Eäò {Énù Ê®úHò ½ÖþB ½éþ +Éè®ú =xÉEäò ºlÉÉxÉ {É®ú EÆò{ÉxÉÒ Eäò ¤ÉÉäb÷Ç ¨Éå <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò uùÉ®úÉ xÉB ÊxÉnäù¶ÉEòÉå EòÉä xÉÉÊ¨ÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* ¸ÉÒ B¨É®úÉxì É ºÉä¨ªÉÖ+±É, ¦ÉÚiÉ{ÉÚ´ÉÇ º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò xÉä 04.09.2014 EòÉä iªÉÉMÉ{ÉjÉ ÊnùªÉÉ +Éè®ú =xÉEäò ºlÉÉxÉ {É®ú ¸ÉÒ +¶ÉÉäEò Ê´ÉVÉ EòÉä 27 ¨ÉÉSÉÇ 2015 ºÉä B¤ÉÒB¡òB±É Eäò º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ MÉªÉÉ lÉÉ* xÉB ÊxÉnäù¶ÉEòÉå Eäò {ÉÉºÉ Ê´ÉkÉÒªÉ ¤ÉÉVÉÉ®ú B´ÉÆ +xªÉ ºÉÆ¤ÉÆÊvÉiÉ IÉäjÉÉå EòÉ ´ªÉÉ{ÉEò +xÉÖ¦É´É ½èþ ÊVÉºÉºÉä +ÉxÉä ´ÉÉ±Éä ºÉ¨ÉªÉ ¨Éå +É{ÉEòÒ EÆò{ÉxÉÒ EòÉä +{ÉxÉÒ ´ªÉÉ´ÉºÉÉÊªÉEò MÉÊiÉÊ´ÉÊvÉªÉÉå ¨Éå iÉäVÉÒ ±ÉÉxÉä ¨Éå ¨Énùnù Ê¨É±ÉäMÉÒ* ¨ÉÉ½þ +HÚò¤É®ú 2014 Eäò +ÉºÉ{ÉÉºÉ ¨ÉÖ¨¤É<Ç +Éè®ú xÉ<Ç Ênù±±ÉÒ EòÉªÉÉÇ±ÉªÉ ¨Éå {Éä¶Éä´É®ú ´ªÉÊHòªÉÉå EòÒ {ÉnùºlÉÉ{ÉxÉÉ Eäò EòÉ®úhÉ Ê´ÉkÉÒªÉ ´É¹ÉÇ Eäò =kÉ®úÉvÉÇ ¨Éå EÆò{ÉxÉÒ Eäò ´ªÉ´ÉºÉÉªÉ ¨Éå ¨É½þi´É{ÉÚhÉÇ ´ÉÞÊrù ½Öþ<*Ç +É{ÉEòÒ EÆò{ÉxÉÒ iÉEòxÉÒEòÒ +ÉÊlÉÇEò ´ªÉ´É½þÉªÉÇiÉÉ +vªÉªÉxÉ, {ÉÖxÉMÉÇ`öxÉ ºÉ¨ÉxÉÖnùä¶ÉxÉ, |ÉÉäVÉäC]õ ¨ÉÚ±ªÉÉÆEòxÉ, xªÉÉºÉÒ, @ñhÉ ºÉ¨ÉÚ½þxÉ MÉÊiÉÊ´ÉÊvÉªÉÉÆ +ÉÊnù ºÉä +ÉªÉ ¨Éå =±±ÉäJÉxÉÒªÉ ´ÉÞÊrù ½þÉÊºÉ±É Eò®úxÉä EòÉ |ÉªÉÉºÉ Eò®äúMÉÒ*

Your company’s top management has undergone significant changes. Some Directors have vacated from the office pursuant to relinquishment of office and in their place new directors were nominated on the Board of the Company by Allahabad Bank.Mr. Emron Samuel, Ex-Independent Director has resigned on 04/09/2014 and in his place Mr. Ashok Vij was appointed as Independent Director of ABFL w.e.f 27th March, 2015. The new Directors have vast experience in the financial market and other related areas, which will help your company boosting up its business growth in the periods to come. Due to placements of professionals at Mumbai and New Delhi office around the month of October, 2014, there is significant growth in the business of the Company during the 2nd half of the financial year. Your company would endeavor to achieve significant growth in of income from Techno Economic Viability Studies, Restructuring assignments, Project Appraisal, Trusteeship, Loan Syndication activities, etc.

OUTLOOK FOR THE CURRENT YEAR

VÉ¨ÉÉ®úÉÊ¶ÉªÉÉÆ

DEPOSITS

+É{ÉEòÒ EÆò{ÉxÉÒ xÉä EòÉä<Ç VÉ¨ÉÉ®úÉÊ¶É º´ÉÒEòÉ®ú xÉ½þÓ EòÒ ½èþ +iÉ: 31 ¨ÉÉSÉÇ 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ ¨ÉÚ±ÉvÉxÉ +Éè®ú ¤ªÉÉVÉ EòÒ EòÉä<Ç ®úÉÊ¶É ¤ÉEòÉªÉÉ xÉ½þÓ ½èþ*

Your Company has not accepted any deposits and as such, no amount of principal or interest was outstanding as at March 31, 2015.

ºÉä¤ÉÒ Ênù¶ÉÉÊxÉnçù¶ÉÉå EòÉ +xÉÖ{ÉÉ±ÉxÉ +É{ÉEòÒ EÆò{ÉxÉÒ xÉä ¨ÉSÉæx] ¤ÉéËEòMÉ, Êb÷¤ÉäxSÉ®ú ]Åõº]õÒÊ¶É{É, ÊºÉCªÉÉäÊ®ú]õÒ ]Åõº]õÒÊ¶É{É +Éè®ú +xªÉ |ÉªÉÉäVªÉ {ÉÚVÆ ÉÒ ¤ÉÉVÉÉ®ú ºÉä ºÉÆ¤ÉÆÊvÉiÉ MÉÊiÉÊ´ÉÊvÉªÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå ºÉä¤ÉÒ uùÉ®úÉ VÉÉ®úÒ Ê´ÉÊ¦ÉzÉ ÊxÉnäù¶ÉÉå, Ênù¶ÉÉÊxÉnæù¶ÉÉå, {ÉÊ®ú{ÉjÉÉå EòÉ +xÉÖ{ÉÉ±ÉxÉ ÊEòªÉÉ ½èþ*

COMPLIANCE OF SEBI GUIDELINES Your company has complied with various guidelines, directives, circulars issued by SEBI pertaining to Merchant Banking, Debenture Trusteeship, Security Trusteeship and other applicable capital market related activities.

Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉ Ê´É´É®úhÉ

PARTICULARS OF EMPLOYEES

EÆò{ÉxÉÒ EòÉ EòÉä<Ç ¦ÉÒ Eò¨ÉÇSÉÉ®úÒ EÆò{ÉxÉÒ (Eò¨ÉÇSÉÉ®úÒ Ê´É´É®úhÉ), ÊxÉªÉ¨É 1975 Eäò ºÉÉlÉ {ÉÊ`ööiÉ EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 213 EòÒ vÉÉ®úÉ 134 Eäò iÉ½þiÉ xÉ½þÓ +ÉiÉÉ ½èþ*

None of the employees are covered under section 134 of the Companies Act, 2013 read with Companies (particulars of Employees) Rules 1975.

>ðVÉÉÇ EòÉ ºÉÆ®úIÉhÉ, |ÉÉètÉäÊMÉEòÒ, +´É¶ÉÉä¹ÉhÉ +Éè®ú Ê´Énäù¶ÉÒ ¨ÉÖpùÉ EòÉ +VÉÇxÉ B´ÉÆ ¤ÉÊ½þMÉÇ¨ÉxÉ

CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGOINGS

<ºÉ ¶ÉÒ¹ÉÇ Eäò +ÆiÉMÉÇiÉú EÆò{ÉxÉÒ EòÉä EÖòUô ¦ÉÒ Ê®ú{ÉÉä]õÇ xÉ½þÓ Eò®úxÉÉ ½èþ*

The company has nothing to report under this head.

207


ÊxÉnäù¶ÉEòMÉhÉ ¸ÉÒ ®úÉEäò¶É ºÉä`öÒ, +vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò, <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò EòÉää 12 ¨ÉÉSÉÇ,ú 2014 ºÉä EÆò{ÉxÉÒ Eäò ¤ÉÉäb÷Ç ¨Éå xÉB +vªÉIÉ B´ÉÆ ÊxÉnäù¶ÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ MÉªÉÉ ½èþä* ¸ÉÒ ]õÒ.+É®ú. SÉÉ´É±ÉÉ, EòÉªÉÇ{ÉÉ±ÉEò ÊxÉnäù¶ÉEò <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò, +ÊvÉ´ÉÌ¹ÉiÉÉ |ÉÉ{iÉ Eò®úxÉä {É®ú 01 ¨É<Ç, 2014 ºÉä EÆò{ÉxÉÒ Eäò ÊxÉnäù¶ÉEò xÉ½þÓ ®ú½äþ* ¸ÉÒ B¨É®úÉxì É ºÉä¨ªÉÖ+±É xÉä 4 ÊºÉiÉ¨¤É®ú 2014 EòÉä EÆò{ÉxÉÒ Eäò º´ÉiÉÆjÉ ÊxÉnäù¶É Eäò °ü{É ¨Éå iªÉÉÆMÉ {ÉjÉ näù ÊnùªÉÉ* ¤ÉÉäbÇ÷ xÉä EÆò{ÉxÉÒ Eäò ÊxÉnùä¶ÉEò Eäò ¯û{É ¨ÉäÆ ¸ÉÒ ]õÒ.+É®ú. SÉÉ´É±ÉÉ +Éè®ú ¸ÉÒ B¨É®úÉxì É ºÉä¨ªÉÖ+±É, uùÉ®úÉ =xÉEäò EòÉªÉÇEòÉ±É Eäò nùÉ®è úÉxÉ |ÉnùkÉ ºÉä´ÉÉ+ÉäÆ EòÒ ºÉ®úÉ½þxÉÉ EòÒ B´ÉÆ <ºÉä +Ê¦É±ÉäJÉ ¨Éå nùVÉÇ ÊEòªÉÉ* ¸ÉÒ VÉ±É Eò®úxÉ ËºÉ½þ JÉ¤ÉÇ, EòÉªÉÇ{ÉÉ±ÉEò ÊxÉnäù¶ÉEò, <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò EòÉä 7 ¨É<Ç, 2014 ºÉä BB¡ò¤ÉÒB±É Eäò ¤ÉÉäb÷Ç ¨Éå ÊxÉnäù¶ÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ MÉªÉÉ* ¸ÉÒ +¶ÉÉäEò Ê´ÉVÉ EòÉä 27 ¨ÉÉSÉÇ, 2015 ºÉää BB¡ò¤ÉÒB±É Eäò º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ MÉªÉÉ*Æò Eò¨{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 1956, EòÒ vÉÉ®úÉ 274 (i) (VÉÒ) Eäò +ÆiÉMÉÇiÉ EòÉä<Ç ¦ÉÒ ÊxÉnù¶ä ÉEò +ªÉÉäMªÉ xÉ½þÓ {ÉÉªÉÉ MÉªÉÉ ½èþ*ò

BOARD OF DIRECTORS Shri Rakesh Sethi, Chairman & Managing Director of Allahabad Bank was appointed as the Chairman & Director of the Company w.e.f. 12th March, 2014. Shri.T. R. Chawla, Executive Director, Allahabad Bank ceased to be Director of the Company with effect from 01st May, 2014 pursuant to his attaining superannuation. Shri Emron Samuel,also resigned as Independent Director of the Company w.e.f 04 th September, 2014. The Board placed on record its appreciation for the services rendered by Shri.T. R. Chawla and Shri Emron Samuel during their tenure as Directors of the Company. Shri.Jal Karan Singh Kharb, Executive Director, Allahabad Bank was appointed as Director on the Board of ABFL w.e.f 07th May, 2014. Also Shri. Ashok Vij was appointed as an Independent Director of ABFL on 27th March, 2015. None of the Directors of the Company has been disqualified under section 274(i) (g) of the Companies Act, 1956.

EòÉ®ú{ÉÉä®úä]õ MÉ´ÉxÉæxºÉ (B) ¤ÉÉäb÷Ç ¤Éè`öEòå

CORPORATE GOVERNANCE

´É¹ÉÇ 2014–15 Eäò nùÉ®è úÉxÉ ¤ÉÉäb÷Ç EòÒ SÉÉ®ú þ(4) ¤Éè`ö Eòå ½Öþ<Ç +Éè®ú ÊVÉxÉ¨Éå ¤ÉÉäb÷Ç Eäò ºÉnùºªÉÉå xÉä ÊxÉ¨xÉÉxÉÖºÉÉ®ú ¦ÉÉMÉ Ê±ÉªÉÉ*

During the year 2014-15, four (4) Board meetings were held and attendance of the Board was as under:

(a) Board Meetings:

¤Éè`öEòÉäÆ EòÒ ºÉÆJªÉÉ

¤Éè`öEòÉäÆ ¨ÉäÆ ={ÉÊºlÉÊiÉ

No. of meetings

Meetings attended

4

3

1

1

4

4

Shri K.S. Venkataraman

4

4

¸ÉÒ ºÉÖ¤ÉÒ®ú nùÉºÉ / Shri Subir Das ¸ÉÒ Ê´ÉxÉÉänù EòÉä`É®úÒ / Shri Vinod Kothari ¸ÉÒ B¨É®úÉxì É ºÉä¨ªÉÖ+±É (04.09.2014 ºÉä iªÉÉMÉ{ÉjÉ)

4

4

4

1

2

2

ÊxÉnù¶ä ÉEò /Director

¸ÉÒ ®úÉEäò¶É ºÉä`öÒ, +vªÉIÉ B´ÉÆ |É¤ÉÆvÉ ÊxÉnäù¶ÉEò / Shri Rakesh Sethi, Chairman & Director

¸ÉÒ ]õÒ. +É®ú. SÉÉ´É±ÉÉ, ÊxÉnäù¶ÉEò (01.05.2014 ºÉä iªÉÉMÉ{ÉjÉ) / Shri T. R. Chawla, Director (Resigned w.e.f. 01.05.2014)

¸ÉÒ B¨É. ´ÉåEò]õ ®úÉ´É / Shri M. Venkata Rao

¸ÉÒ Eäò. BºÉ. ´ÉåEò]õ®ú¨ÉxÉ /

/

Shri Emron Samuel (Resigned w.e.f. 04.09.2014)

(¤ÉÒ) ±ÉäJÉÉ{É®úÒIÉÉ ºÉÊ¨ÉÊiÉ : ´É¹ÉÇ 2014-15 Eäò +É®Æú¦É ¨Éå ¤ÉÉäb÷Ç Eäò ºÉnùºªÉÉå÷Ç EòÒ ±ÉäJÉÉ{É®úÒIÉÉ ºÉÊ¨ÉÊiÉ Eäò ÊEòB MÉB MÉ`ööxÉ ¨Éå ¸ÉÒ ºÉÖ¤ÉÒ®ú nùÉºÉ, +vªÉIÉ B´ÉÆ ¸ÉÒ B¨É®úÉxÉ ºÉä¨ªÉÖ+±É iÉlÉÉ ¸ÉÒ ]õÒ. +É®ú. SÉÉ´É±ÉÉ ºÉnùºªÉ lÉä* 1 ¨É<Ç 2014 ºÉä ¸ÉÒ ]õÒ.+É®ú. SÉÉ´É±ÉÉ uùÉ®úÉ {ÉnùiªÉÉMÉ ÊEòB VÉÉxÉä Eäò ¡ò±Éº´É°ü{É ÊxÉnäù¶ÉEò ¨ÉÆb÷±É xÉä ¸ÉÒ ]õÒ. +É®ú. SÉÉ´É±ÉÉ Eäò ºlÉÉxÉ {É®ú ¸ÉÒ VÉä. Eäò. ËºÉ½þ JÉ¤ÉÇ EòÉä ºÉnùºªÉ ÊxÉªÉÖHò Eò®úiÉä ½ÖþB ±ÉäJÉÉ{É®úÒIÉÉ ºÉÊ¨ÉÊiÉ EòÉ {ÉÖxÉMÉÇ`öxÉ ÊEòªÉÉ* ±ÉäJÉÉ ºÉÊ¨ÉÊiÉ EòÉ EòÉªÉÇIÉäjÉ Eò¨{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 2013 EòÒ vÉÉ®úÉ 177 Eäò +ÆiÉMÉÇiÉ ½þ*è

(b) Audit Committee: At the beginning of the year 2014-2015, Audit Committee of the of the Board was constituted comprising of Shri Subir Das as Chairman, Shri Emron Samuel & Shri T R Chawla as . Pursuant to the relinquishment of office of Shri T R Chawla w.e.f 01st May, 2014, the Board of Directors re-constituted the Audit Committee by appointing Shri J.K.Singh Kharb as Member in place of Shri T R Chawla. The scope of Audit Committee is as per Section 177 of the Companies Act, 2013.

208


´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ ±ÉäJÉÉ{É®úÒIÉÉ ºÉÊ¨ÉÊiÉ EòÒ SÉÉ®ú (4) ¤Éè`ö Eòå +ÉªÉÉäÊVÉiÉ EòÒ MÉ<Ç ÊVÉºÉ¨Éå ={ÉÎºlÉÊiÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú lÉÒ :

ÊxÉnù¶ä ÉEò

During the year 2014-15, four (4) Audit Committee Meetings were held and attendance by Audit Committee was as under:

/ Director



No. of meetings

Meetings attended

¸ÉÒ ºÉÖ¤ÉÒ®ú nùÉºÉ, +vªÉIÉ / Shri Subir Das, Chairman ¸ÉÒ B¨É®úÉxì É ºÉä¨ªÉÖ+±É (04.09.2014 ºÉä iªÉÉMÉ{ÉjÉ) /

4

4

Shri Emron Samuel (Resigned w.e.f 04.09.2014)

2

2

¸ÉÒ ]õÒ. +É®ú. SÉÉ´É±ÉÉ (01.05.2014 ºÉä iªÉÉMÉ{ÉjÉ) / Shri T. R. Chawla (Resigned w.e.f. 01.05.2014)

1

1

¸ÉÒ Ê´ÉxÉÉänù EòÉä`É®úÒ / Shri Vinod Kothari ¸ÉÒ VÉä. Eäò. ËºÉ½þ JÉ¤ÉÇ (07.05.2014 ºÉä ÊxÉªÉÖHò) /

1

1

Shri J. K. Singh Kharb (Appointed w.e.f 07.05.2014)

2

2

(ºÉÒ.) xÉÉ¨ÉÉÆEòxÉ

+Éè®ú {ÉÊ®ú±ÉÎ¤vÉ ºÉÊ¨ÉÊiÉ (EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 2013 EòÒ vÉÉ®úÉ 178 Eäò +ÆiÉMÉÇiÉ) ´É¹ÉÇ 2014-15 Eäò +É®Æú¦É ¨Éå ¤ÉÉäb÷Ç Eäò ºÉnùºªÉÉå÷Ç EòÒ xÉÉ¨ÉÉÆEòxÉ +Éè®ú {ÉÊ®ú±ÉÎ¤vÉ ºÉÊ¨ÉÊiÉ Eäò ÊEòB MÉB MÉ`ööxÉ ¨Éå ¸ÉÒ B¨É ´ÉåEò]õ®úÉ´É, +vªÉIÉ, ¸ÉÒ ºÉÖ¤ÉÒ®ú nùÉºÉ +Éè®ú ¸ÉÒ Ê´ÉxÉÉänù EòÉä`ö÷É®úÒ ºÉnùºªÉ lÉä* xÉÉ¨ÉÉÆEòxÉ +Éè®ú {ÉÊ®ú±ÉÎ¤vÉ ºÉÊ¨ÉÊiÉ EòÉ EòÉªÉÇIÉäjÉ Eò¨{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 2013 EòÒ vÉÉ®úÉ 178(1) +Éè®ú EÆò{ÉxÉÒ (¤ÉÉäb÷Ç Eäò ¤Éè`öEòå +Éè®ú <ºÉEòÒ ¶ÉÊHòªÉÉÆ) ÊxÉªÉ¨É, 2014 Eäò ÊxÉªÉ¨É 6 Eäò +ÆiÉMÉÇiÉ ½þ*è

(c)Nomination and Remuneration Committee (U/s 178 of Companies Act 2013):

´É¹ÉÇ 2014-15 Eäò nùÉ®è úÉxÉ xÉÉ¨ÉÉÆEòxÉ +Éè®ú {ÉÊ®ú±ÉÎ¤vÉ ºÉÊ¨ÉÊiÉ EòÒ BEò (1) ¤Éè`ö Eòò +ÉªÉÉäÊVÉiÉ EòÒ MÉ<Ç ÊVÉºÉ¨Éå ={ÉÎºlÉÊiÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú lÉÒ :

During the year 2014-15, one (1) Nomination and Remuneration Committee Meeting were held and attendance by Nomination and Remuneration Committee was as under:

ÊxÉnù¶ä ÉEò

At the beginning of the year 2014-15, Nomination and Remuneration Committee of the of the Board was constituted comprising of Shri M.V. Rao, Chairman, Shri Subir Das & Shri Vinod Kothari as . The scope of Audit Committee is as per Section 178(1) of the Companies Act, 2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014.

/ Director



No. of meetings

Meetings attended

¸ÉÒ B¨É. ´ÉÒ ®úÉ´É, +vªÉIÉ Shri M.V Rao, Chairman

1

1

1

1

1

1

¸ÉÒ ºÉÖ¤ÉÒ®ú nùÉºÉ Shri Subir Das

¸ÉÒ Ê´ÉxÉÉänù EòÉä`É®úÒ / Shri Vinod Kothari

ÊxÉnäù¶ÉEòÉå Eäò nùÉÊªÉi´É EòÉ Ê´É´É®úhÉ

DIRECTORS’ RESPONSIBILITY STATEMENT

EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 EòÒ vÉÉ®úÉ 134 EòÒ +{ÉäIÉÉxÉÖºÉÉ®ú ÊxÉnäù¶ÉEò nùÉÊªÉi´É Ê´É´É®úhÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå BiÉnÂùuùÉ®úÉ ªÉ½þ {ÉÖÎ¹]õ EòÒ VÉÉiÉÒ ½èþ ÊEò:

Pursuant to the requirement under Section 134 of the Companies Act, 2013 with respect to Directors’ Responsibility Statement, it is hereby confirmed that:

B)

31 ¨ÉÉSÉÇ 2015 EòÉä ºÉ¨ÉÉ{iÉ Ê´ÉkÉ ´É¹ÉÇ Eäò ´ÉÉÌ¹ÉEò ±ÉäJÉÉå EòÒ iÉèªÉÉ®úÒ ¨Éå Ê´ÉSÉ±ÉxÉ, ªÉÊnù EòÉä<Ç ½þÉ,ä ºÉÆ¤ÉÆvÉÒ ºÉ¨ÉÖÊSÉiÉ º{É¹]õÒEò®úhÉ Eäò ºÉÉlÉ ±ÉÉMÉÚ ±ÉäJÉÉ ¨ÉÉxÉEòÉå EòÉ {ÉÉ±ÉxÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

a)

¤ÉÒ)

ÊxÉnäù¶ÉEòÉå xÉä BäºÉÒ ±ÉäJÉÉ xÉÒÊiÉªÉÉå EòÉ SÉªÉxÉ B´ÉÆ <x½åþ ºÉÖºÉÆMÉiÉ °ü{É ¨Éå ±ÉÉMÉÚ ÊEòªÉÉ ½èþ B´ÉÆ ÊxÉhÉÇªÉ ´É |ÉÉCEò±ÉxÉ ÊEòB ½éþ VÉÉä ªÉÖÊHòºÉÆMÉiÉ B´ÉÆ Ê´É´ÉäEò{ÉÚhÉÇ ½éþ ÊVÉºÉºÉä ºÉ¨ÉÒIÉÉvÉÒxÉ ´É¹ÉÇ ½äþiÉÖ EÆò{ÉxÉÒ EòÒ ºÉ½þÒ B´ÉÆ ÊxÉ¹{ÉIÉ ZÉ±ÉEò B´ÉÆ <ºÉ +´ÉÊvÉ Eäò nùÉ®è úÉxÉ +É{ÉEòÒ EÆò{ÉxÉÒ Eäò ±ÉÉ¦É +lÉ´ÉÉ ½þÉÊxÉ EòÒ ÎºlÉÊiÉ |ÉºiÉÖiÉ EòÒ VÉÉ ºÉEäò*

b) The Directors had selected such ing policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the Company for the year under review.

209

In the preparation of the annual s for the financial year ended 31st March, 2015, the applicable ing standards had been followed along with proper explanation relating to departures, if any.


ºÉÒ) ÊxÉnäù¶ÉEòÉå xÉä vÉÉäJÉÉvÉc÷Ò B´ÉÆ +xªÉ +ÊxÉªÉÊ¨ÉiÉiÉÉ+Éå EòÉä ®úÉEä òxÉä B´ÉÆ =xÉEòÉ {ÉiÉÉ ±ÉMÉÉxÉä Eäò Ê±ÉB iÉlÉÉ EÆò{ÉxÉÒ EòÒ +ÉÎºiÉªÉÉå EòÉä ºÉÖ®úÊIÉiÉ Eò®úxÉä ½äþiÉÖ EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 1956 Eäò |ÉÉ´ÉvÉÉxÉÉå Eäò +xÉÖºÉÉ®ú {ÉªÉÉÇ{iÉ ±ÉäJÉÉ +Ê¦É±ÉäJÉ Eäò ®úJÉ®úJÉÉ´É ½äþiÉÖ ºÉ¨ÉÖÊSÉiÉ B´ÉÆ {ÉªÉÉÇ{iÉ vªÉÉxÉ ®úJÉÉ ½èþ*

c)

b÷Ò) ÊxÉnäù¶ÉEòÉå xÉä 31 ¨ÉÉSÉÇ 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ +Éè®ú ºÉiÉiÉ |ÉÊiÉ¹`öö ÉxÉ +ÉvÉÉ®ú {É®ú ´ÉÉÌ¹ÉEò ±ÉäJÉÉ iÉèªÉÉ®ú ÊEòB ½éþ*

d) The Directors had prepared the s for the financial year ended 31st March 2015 on a going concern basis.

<Ç) ÊxÉnäù¶ÉEòÉå xÉä EÆò{ÉxÉÒ uùÉ®úÉ +xÉÖ{ÉÉ±ÉxÉ ÊEòB VÉÉxÉä ½äþiÉÖ +ÉÆiÉÊ®úEò Ê´ÉkÉÒªÉ ÊxÉªÉÆjÉhÉ ±ÉÉMÉÚ ÊEòB lÉä +Éè®ú BäºÉä +ÉÆiÉÊ®úEò Ê´ÉkÉÒªÉ ÊxÉªÉÆjÉhÉ {ÉªÉÉÇ{iÉ lÉä +Éè®ú |É¦ÉÉ´ÉÒ fÆøMÉ ºÉä {ÉÊ®úSÉÉÊ±ÉiÉ ÊEòB MÉB lÉäþ*

e) The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

B¡ò) ÊxÉnäù¶ÉEòÉå xÉä ºÉ¦ÉÒ |ÉªÉÉäVªÉ EòÉxÉÚxÉÉå Eäò ={É¤ÉÆvÉÉå EòÉ +xÉÖ{ÉÉ±ÉxÉ ºÉÖÊxÉÎ¶SÉiÉ Eò®úxÉä ½äþiÉÖ ºÉ¨ÉÖÊSÉiÉ |ÉhÉÉÊ±ÉªÉÉÆ iÉèªÉÉ®ú EòÒ lÉÒ +Éè®ú BäºÉÒ |ÉhÉÉÊ±ÉªÉÉÆ {ÉªÉÉÇ{iÉ lÉÓ +Éè®ú |É¦ÉÉ´ÉÒ fÆøMÉ ºÉä {ÉÊ®úSÉÉÊ±ÉiÉ ÊEòB MÉB lÉä*

f)

|É¨ÉÖJÉ |É¤ÉÆvÉEòÒªÉ EòÉÌ¨ÉEòÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå

REGARDING KEY MANAGERIAL PERSONNEL

´É¹ÉÇ Eäò nùÉ®è úÉxÉ EÆò{ÉxÉÒ xÉä ÊxÉ¨xÉÊ±ÉÊJÉiÉ EòÉä EÆò{ÉxÉÒ Eäò |É¨ÉÖJÉ |É¤ÉÆvÉEòÒªÉ EòÉÌ¨ÉEòÉå Eäò °ü{É ¨Éå ÊxÉªÉÖHò/xÉÉ¨ÉÉäÊqù¹]õ ÊEòªÉÉ ½èþ:

During the year the Company has appointed/designated the following as the Key Managerial Personnel of the Company

¸ÉÒ B¨É. +¯û¨ÉÖMÉ¨É ¨ÉÖJªÉ EòÉªÉÇ{ÉÉ±ÉEò +ÊvÉEòÉ®úÒ Eäò °ü{É ¨Éå

Mr. M Arumugam as the Chief Executive Officer

¸ÉÒ +VÉªÉ EÖò¨ÉÉ®ú ¨ÉÖJªÉ Ê´ÉkÉÒªÉ +ÊvÉEòÉ®úÒ Eäò °ü{É ¨Éå

Mr. Ajai Kumar as the Chief Financial Officer

¸ÉÒ +ÊxÉ±É EòÉ±Éä +ÊºÉº]åõ]õ ´ÉÉ<ºÉ |ÉäÊVÉbå÷]õ Eäò °ü{É ¨Éå

Mr. Anil Kale as the Assistant Vice President

¸ÉÒ Eäò.BºÉ. ¶ÉäxÉÉªÉ +ÊºÉº]åõ]õ ´ÉÉ<ºÉ |ÉäÊVÉbå÷]õ Eäò °ü{É ¨Éå

Mr. K.S.Shenoy as the Assistant Vice President

¸ÉÒ¨ÉiÉÒ ¨Éä±ÉÊ´ÉiÉÉ ±ÉäÊ´ÉºÉ EÆò{ÉxÉÒ ºÉÊSÉ´É Eäò °ü{É ¨Éå

Mrs. Melvita Lewis as the Company Secretary

+ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ |ÉhÉÉ±ÉÒ +Éè®ú {ÉªÉÉÇ{iÉiÉÉ

INTERNAL CONTROL SYSTEM AND ADEQUANCY

EÆò{ÉxÉÒ Eäò +ÉEòÉ®ú, ¨ÉÉxÉ +Éè®ú <ºÉEäò {ÉÊ®úSÉÉ±ÉxÉÉå EòÒ VÉÊ]õ±ÉiÉÉ Eäò +xÉÖ°ü{É EÆò{ÉxÉÒ EòÒ +ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ |ÉhÉÉ±ÉÒ ½èþ* EÆò{ÉxÉÒ xÉä +ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ |ÉhÉÉ±ÉÒ EòÒ nùIÉiÉÉ +Éè®ú {ÉªÉÉÇ{iÉiÉÉ iÉlÉÉ EÆò{ÉxÉÒ ¨Éå ±ÉäJÉÉ |ÉÊGòªÉÉ +Éè®ú xÉÒÊiÉªÉÉå EòÒ ¨ÉÉÊxÉ]õË®úMÉ +Éè®ú ¨ÉÚ±ªÉÉÆEòxÉ Eò®úxÉä ½äþiÉÖ ¨Éè. B¨É.´ÉÒ. nù¨ÉÉÊxÉªÉÉ BÆb÷ EÆò. EòÉä +ÉÆiÉÊ®úEò ±ÉäJÉÉ{É®úÒIÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ ½èþ* +{ÉxÉÒ Ê´É¹ÉªÉÊxÉ¹`ööiÉÉ +Éè®ú º´ÉiÉÆjÉiÉÉ ¤ÉxÉÉB ®úJÉxÉä ½äþiÉÖ +ÉÆiÉÊ®úEò ±ÉäJÉÉ{É®úÒIÉEò +{ÉxÉÒ Ê®ú{ÉÉä]Çõ +vÉÇ´ÉÉÌ¹ÉEò +ÉvÉÉ®ú {É®ú |ÉºiÉÖiÉ Eò®åúMÉä VÉÉä ¤ÉÉäb÷Ç EòÒ ±ÉäJÉÉ{É®úÒIÉÉ ºÉÊ¨ÉÊiÉ Eäò +vªÉIÉ EòÉä |ÉºiÉÖiÉ EòÒ VÉÉBMÉÒ*

The Company has an Internal Control System commensurate with the size, scale and complexity of its operations. The Company has appointed M/s M.V Damania& Co as the Internal Auditor to monitor and evaluate the efficiency and adequacy of the internal control system and the ing procedure and policies in the Company. To maintain its objectivity and independence, the Internal Auditors shall submit its report on half yearly basis which shall be placed before the Chairman of Audit Committee of the Board.

º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò uùÉ®úÉ PÉÉä¹ÉhÉÉ

DECLARATION BY INDEPENDENT DIRECTOR

EÆò{ÉxÉÒ Eäò º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò xÉä vÉÉ®úÉ 146(6) Eäò +ÆiÉMÉÇiÉ +{ÉxÉÒ ´ªÉÊHòMÉiÉ PÉÉä¹ÉhÉÉBÆ Eò®ú nùÒ ½éþ*

The Independent Director of the Company has given their individual declarations under section 149 (6).

vÉÉ®úÉ 186 +Éè®ú 188 Eäò +ÆiÉMÉÇiÉ Ê´É´É®úhÉ

PARTICULARS UNDER SECTION 186 &188

BäºÉÉ EòÉä<Ç ±ÉäxÉnäùxÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ ÊVÉºÉä EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 2013 EòÒ vÉÉ®úÉ 186 +Éè®ú 188 Eäò +ÆiÉMÉÇiÉ |ÉEò]õ ÊEòªÉÉ VÉÉxÉÉ ½èþ*

There are no transaction to be disclosed under section 186 and 188 of the Companies Act, 2013.

{É®ú´ÉiÉÔ PÉ]õxÉÉBÆ

SUBSEQUENT EVENTS

31 ¨ÉÉSÉÇ 2015 +Éè®ú Ê®ú{ÉÉä]õÇ EòÒ iÉÉ®úÒJÉ Eäò ¤ÉÒSÉ EÆò{ÉxÉÒ EòÒ Ê´ÉkÉÒªÉ ÎºlÉÊiÉ EòÉä |É¦ÉÉÊ´ÉiÉ Eò®úxÉä ´ÉÉ±Éä EòÉä<Ç iÉÉÎi´ÉEò {ÉÊ®ú´ÉiÉÇxÉ +Éè®ú |ÉÊiÉ¤ÉrùiÉÉBÆ xÉ½þÓ EòÒ MÉ<È*

There are no material changes and commitments affecting the financial position of the company which have occurred between March 31, 2015 and the date of the report

210

The Directors had taken proper and sufficient care for the maintenance of adequate ing records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.


±ÉäJÉÉ{É®úÒIÉEò

AUDITORS

ºÉÉÆÊ´ÉÊvÉEò ±ÉäJÉÉ{É®úÒIÉEò

Statutory Auditors

EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 EòÒ vÉÉ®úÉ 129(4) Eäò ºÉÉlÉ {ÉÊ`ööiÉ vÉÉ®úÉ 139 Eäò ={É¤ÉÆvÉ EÆò{ÉxÉÒ {É®ú ±ÉÉMÉÚ ½þÉxä Éä Eäò EòÉ®úhÉ ¦ÉÉ®úiÉ Eäò ÊxÉªÉÆjÉEò B´ÉÆ ¨É½þÉ±ÉäJÉÉ{É®úÒIÉEò, xÉ<Ç Ênù±±ÉÒ xÉä ´É¹ÉÇ 2014-15 ½äþiÉÖ ¨Éè. BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò{ÉxÉÒ, ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú EòÉä EÆò{ÉxÉÒ EòÉ ºÉÉÆÊ´ÉÊvÉEò ±ÉäJÉÉ{É®úÒIÉEò ÊxÉªÉÖHò ÊEòªÉÉ ½èþ*

The provisions of Section 139 read with Section 129(4) of the Companies Act, 2013 being applicable to the Company, the Comptroller and Auditor General of India, New Delhi had appointed M/s. S.P. Chatterjee & Co, Chartered ants as Statutory Auditors of the Company for the year 2014-15.

+ÉÆiÉÊ®úEò ±ÉäJÉÉ{É®úÒIÉEò

Internal Auditor

EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 EòÒ vÉÉ®úÉ 138 Eäò +xÉÖºÉ®úhÉ ¨Éå, ÊxÉnäù¶ÉEò ¨ÉÆb÷±É Eäò +xÉÖ¨ÉÉänùxÉ {É®ú ¨Éè. ´ÉÒ.B¨É. nù¨ÉÉÊxÉªÉÉ BÆb÷ EÆò. EòÉä EÆò{ÉxÉÒ Eäò +ÉÆiÉÊ®úEò ±ÉäJÉÉ{É®úÒIÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ÊEòªÉÉ MÉªÉÉ ½èþ*

Pursuant to Section 138 of the Companies Act, 2013, on approval of the Board of Directors, M/s M.V Damania& Co are appointed as Internal Auditor for the Company.

±ÉäJÉÉ{É®úÒIÉEò EòÒ Ê®ú{ÉÉä]õÇ {É®ú |É¤ÉÆvÉxÉ EòÉ =kÉ®ú

MANAGEMENT’S REPLY TO THE AUDITORS’ REPORT

+{ÉxÉÒ ±ÉäJÉÉ{É®úÒIÉÉ Eäò nùÉ®è úÉxÉ ±ÉäJÉÉ{É®úÒIÉEòÉå uùÉ®úÉ EòÉä<Ç Ê´ÉÊxÉÊnÇúù¹]õ Ê]õ{{ÉhÉÒ xÉ½þÓ EòÒ MÉ<Ç*

The Auditors made no specific qualification during the course of their audit.

´ÉÉÌ¹ÉEò Ê®ú]õxÉÇ EòÉ ºÉÉ®ú

EXTRACT ON ANNUAL RETURN

´ÉÉÌ¹ÉEò Ê®ú]õxÉÇ Eäò ºÉÉ®ú Eäò +Æ¶É Eäò °ü{É ¨Éå Ê´É´É®úhÉ ¡òÉ¨ÉÇ B¨ÉVÉÒ]õÒ 9 ¨Éå ½èþ*

The details forming part of the extract of the Annual Return is in form MGT 9.

+É¦ÉÉ®ú

ACKNOWLEDGEMENTS

+É{ÉEäò ÊxÉnäù¶ÉEò, ¦ÉÉ®úiÉ Eäò ÊxÉªÉÆjÉEò B´ÉÆ ¨É½þÉ±ÉäJÉÉ{É®úÒIÉEò uùÉ®úÉ ÊnùB MÉB ¤É½Öþ¨ÉÚ±ªÉ ¨ÉÉMÉÇnù¶ÉÇxÉ ½äþiÉÖ =xÉEäò |ÉÊiÉ +{ÉxÉÉ +É¦ÉÉ®ú ´ªÉHò Eò®úiÉä ½éþ*

Your Directors wish to place on record their gratitude to the Comptroller and Auditor General of India for their valuable guidance.

+É{ÉEäò ÊxÉnäù¶ÉEò EÆò{ÉxÉÒ Eäò ¤ÉéEò®ú +lÉÉÇiÉ <±ÉÉ½þÉ´ÉÉnù ¤ÉéEò ºÉä ºÉ¨ÉªÉ-ºÉ¨ÉªÉ {É®ú |ÉÉ{iÉ ºÉ½þÉªÉiÉÉ ºÉ¨ÉlÉÇxÉ B´ÉÆ ¨ÉÉMÉÇnù¶ÉÇxÉ ½äþiÉÖ <ºÉEäò |ÉÊiÉ ¦ÉÒ vÉxªÉ´ÉÉnù YÉÉÊ{ÉiÉ Eò®xÉÉ SÉÉ½þiÉä ½éþ +Éè® EÆò{ÉxÉÒ Eäòú Eò¨ÉÇSÉÉÊ®úªÉÉå uùÉ®úÉ ÊnùB MÉB ªÉÉäMÉnùÉxÉ B´ÉÆ ÊEòB MÉB |ÉªÉÉºÉÉå ½äþiÉÖ =xÉEäò |ÉÊiÉ +É¦ÉÉ®ú |ÉEò]õ Eò®úiÉä ½éþ*

Your Directors also wish to place on record their sincere thanks to the Bankers viz, Allahabad Bank for their assistance, and guidance from time to time and also thankfully acknowledge contributions made and efforts put in by company’s employees.

ÊxÉnäù¶ÉEò ¨ÉÆb÷±É Eäò Ê±ÉB B´ÉÆ EòÒ +Éä®ú ºÉä

For on and behalf of the Board of Directors

(Eäò. BºÉ. ´ÉåEò]õ®ú¨ÉxÉ) ÊxÉnäù¶ÉEò

(®úÉEäò¶É ºÉä`öÒ) +vªÉIÉ

(K. S. Venkataraman) Director

211

(Rakesh Sethi) Chairman


±ÉäJÉÉ{É®úÒIÉEòÉå EòÒ º´ÉiÉÆjÉ Ê®ú{ÉÉä]õÇ

Independent Auditor’s Report

ºÉä´ÉÉ ¨Éå ºÉnùºªÉMÉhÉ +É±É¤ÉéEò ¡òÉ<xÉäxºÉ Ê±ÉÊ¨É]äõb÷,

TO THE OF ALLBANK FINANCE LIMITED

Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå {É®ú Ê®ú{ÉÉä]õÇ

Report on the Financial Statements

½þ¨ÉxÉä +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. (“EÆò{ÉxÉÒ”) Eäò Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå EòÒ ±ÉäJÉÉ{É®úÒIÉÉ EòÒ ½èþ ÊVÉºÉ¨Éå 31¨ÉÉSÉÇ, 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ iÉÖ±ÉxÉ{ÉjÉ, =ºÉ ´É¹ÉÇ EòÉä ºÉ¨ÉÉ{iÉ +´ÉÊvÉ ½äþiÉÖ ±ÉÉ¦É-½þÉÊxÉ ±ÉäJÉÉ Ê´É´É®úhÉ iÉlÉÉ xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ B´ÉÆ ¨É½þi´É{ÉÚhÉÇ ±ÉäJÉÉ xÉÒÊiÉªÉÉå EòÉ ºÉÉ®ú iÉlÉÉ +xªÉ ´ªÉÉJªÉÉi¨ÉEò ºÉÚSÉxÉÉ ºÉ¨ÉÉÊ´É¹]õ ½èþ*

We have audited the accompanying financial statements of AllBank Finance Limited (“the Company”), which comprise the Balance Sheet as at March 31,2015, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant ing .policies and. other explanatory information.

Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ½äþiÉÖ |É¤ÉÆvÉxÉ EòÉ nùÉÊªÉi´É

Management’s Responsibility for the Financial Statements

EÆò{ÉxÉÒ EòÉ ÊxÉnäù¶ÉEò ¨ÉÆb÷±É <xÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå EòÉä iÉèªÉÉ®ú Eò®úxÉä Eäò ºÉ¨¤ÉxvÉ ¨Éå EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 (“+ÊvÉÊxÉªÉ¨É”) EòÒ vÉÉ®úÉ 134 (5) ¨Éå EòÊlÉiÉ ¨ÉÉ¨É±ÉÉå Eäò Ê±ÉªÉä =kÉ®únùÉªÉÒ ½èþ iÉÉÊEò EÆò{ÉxÉÒVÉ (±ÉäJÉÉ) ÊxÉªÉ¨É, 2014 (ªÉlÉÉºÉÆ¶ÉÉäÊvÉiÉ) Eäò ÊxÉªÉ¨É 7 Eäò ºÉÉlÉ {ÉÊ`ööiÉ, +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 133 Eäò +xiÉMÉÇiÉ Ê´ÉÊxÉvÉÉÇÊ®úiÉ ±ÉäJÉÉ ¨ÉÉxÉEòÉå ºÉÊ½þiÉ ¦ÉÉ®úiÉ ¨Éå ºÉÉ¨ÉÉxªÉiÉ: º´ÉÒEÞòiÉ ±ÉäJÉÉ ÊºÉrùÉiÆ ÉÉå Eäò +xÉÖºÉÉ®ú EÆò{ÉxÉÒ EòÒ Ê´ÉkÉÒªÉ ÎºlÉÊiÉ, Ê´ÉkÉÒªÉ EòÉªÉÇÊxÉ¹{ÉÉnùxÉ B´ÉÆ EÆò{ÉxÉÒ Eäò xÉEònùÒ |É´ÉÉ½þ EòÒ ºÉ½þÒ +Éè®ú =ÊSÉiÉ ÎºlÉÊiÉ |ÉºiÉÖiÉ EòÒ VÉÉ ºÉEäò* <ºÉ nùÉÊªÉi´É ¨Éå EÆò{ÉxÉÒ EòÒ +ÉÎºiÉªÉÉå EòÒ ºÉÖ®úIÉÉ Eò®úxÉä ½äþiÉÖ +ÊvÉÊxÉªÉ¨É Eäò |ÉÉ´ÉvÉÉxÉÉå Eäò +xÉÖºÉ®úhÉ ¨Éå vÉÉäJÉÉvÉc÷Ò B´ÉÆ +xªÉ +ÊxÉªÉÊ¨ÉiÉiÉÉ+Éå EòÉ {ÉiÉÉ ±ÉMÉÉxÉä B´ÉÆ ®úÉEä òxÉä, ªÉlÉÉäÊSÉiÉ ±ÉäJÉÉ xÉÒÊiÉªÉÉä Eäò SÉªÉxÉ B´ÉÆ |ÉªÉÉäMÉ, ªÉlÉÉäÊSÉiÉ B´ÉÆ Ê´É´ÉäEò{ÉÚhÉÇ +ÉEò±ÉxÉ iÉlÉÉ ÊxÉhÉÇªÉ, {ÉªÉÉÇ{iÉ +ÉÆiÉÊ®úEò Ê´ÉkÉÒªÉ ÊxÉªÉÆjÉhÉ iÉèªÉÉ®ú Eò®úxÉÉ, EòÉªÉÉÇx´ÉªÉxÉ B´ÉÆ ®úJÉ®úJÉÉ´É, VÉÉä Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå EòÒ |ÉºiÉÖÊiÉ B´ÉÆ iÉèªÉÉ®úÒ ºÉä ºÉÆMÉiÉ ±ÉäJÉÉ +Ê¦É±ÉäJÉÉå EòÒ ¶ÉÖrùiÉÉ B´ÉÆ {ÉÚhÉÇiÉÉ ºÉÖÊxÉÎ¶SÉiÉ Eò®úxÉä ½äþiÉÖ |É¦ÉÉ´ÉÒ °ü{É ºÉä {ÉÊ®úSÉÉÊ±ÉiÉ lÉä, ½äþiÉÖ, {ÉªÉÉÇ{iÉ ±ÉäJÉÉ ÷Ê®úEòÉìb÷Ç EòÉ ®úJÉ®úJÉÉ´É, Eò®úxÉÉ ¦ÉÒ ¶ÉÉÊ¨É±É ½èþ VÉÉä ¨É½þi´É{ÉÚhÉÇ Ê¨ÉlªÉÉ Ê´É´É®úhÉ, vÉÉäJÉÉvÉc÷Ò +lÉ´ÉÉ SÉÚEò Eäò EòÉ®úhÉ, ºÉä ¨ÉÖHò ½þÉ*ä

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements, that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the ing principles generally accepted in India, including the ing Standards specified under Section 133 of the Act, read with Rule 7 of the Companies(s) Rules, 2014 (as amended). This responsibility also includes maintenance of adequate ing records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate ing policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the ing records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

±ÉäJÉÉ{É®úÒIÉEòÉå EòÉ nùÉÊªÉi´É

Auditor’s Responsibility

½þ¨ÉÉ®úÉ nùÉÊªÉi´É ½þ¨ÉÉ®úÒ ±ÉäJÉÉ{É®úÒIÉÉ {É®ú +ÉvÉÉÊ®úiÉ <xÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå {É®ú +{ÉxÉÒ ®úÉªÉ näùxÉÉ ½èþ*

Our responsibility is to express an opinion on these financial statements based on our audit.

½þ¨ÉxÉä +ÊvÉÊxÉªÉ¨É Eäò |ÉÉ´ÉvÉÉxÉÉå, ±ÉäJÉÉ B´ÉÆ ±ÉäJÉÉ {É®úÒIÉÉxÉÉ ¨ÉÉxÉEòÉå iÉlÉÉ =xÉ ¨ÉÉ¨É±ÉÉå ,+ÊvÉÊxÉªÉ¨É iÉlÉÉ =ºÉEäò +xiÉMÉÇiÉ ¤ÉxÉÉªÉä MÉªÉä ÊxÉªÉ¨ÉÉå B´ÉÆò|ÉÉ´ÉvÉÉxÉÉå Eäò +xiÉMÉÇiÉ ±ÉäJÉÉ {É®úÒIÉhÉ ¨Éå ¶ÉÉÊ¨É±É Eò®úxÉä EòÒ +{ÉäIÉÉ ½èþ, EòÉä vªÉÉxÉ ¨Éå ®úJÉÉ ½èþ*

We have taken into the provisions of the Act, the ing and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under

½þ¨ÉxÉä +{ÉxÉÒ ±ÉäJÉÉ{É®úÒIÉÉ +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 143(10) Eäò +ÆiÉMÉÇiÉ ÊxÉvÉÉÇÊ®úiÉ ±ÉäJÉÉ{É®úÒIÉÉ ¨ÉÉxÉEòÉå Eäò +xÉÖºÉÉ®ú EòÒ ½èþ* =xÉ ¨ÉÉxÉEòÉå ¨Éå ªÉ½þ +{ÉäÊIÉiÉ ½èþ ÊEò ½þ¨É xÉÒÊiÉ{É®úEò +{ÉäIÉÉ+Éå EòÉ +xÉÖ{ÉÉ±ÉxÉ Eò®åú +Éè®ú ªÉÉäVÉxÉÉ ¤ÉxÉÉ Eò®ú ±ÉäJÉÉ{É®úÒIÉÉ EòÉä ÊxÉ¹{ÉÉÊnùiÉ Eò®åú ÊVÉºÉºÉä ºÉ¨ÉÖÊSÉiÉ +É·ÉÉºÉxÉ |ÉÉ{iÉ ½þÉä ÊEò CªÉÉ ºÉ¨ÉäÊEòiÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉ ¨É½þi´É{ÉÚhÉÇ Ê¨ÉlªÉÉ Ê´É´É®úhÉ ºÉä ¨ÉÖHò ½éþ*

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

ÊEòºÉÒ ±ÉäJÉÉ{É®úÒIÉÉ ¨Éå ®úÉÊ¶É Eäò ¤ÉÉ®äú ¨Éå ±ÉäJÉÉ{É®úÒIÉÉ ºÉÉIªÉ|ÉÉ{iÉ Eò®úxÉä EòÒ |ÉÊGòªÉÉ ÊxÉ¹{ÉÉÊnùiÉ EòÒ VÉÉiÉÒ ½èþ +Éè®ú B´ÉÆ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå |ÉEò]õÒEò®úhÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* SÉÖxÉÒ VÉÉxÉä ´ÉÉ±ÉÒ |ÉÊGòªÉÉ ±ÉäJÉÉ{É®úÒIÉEò Eäò ÊxÉhÉÇªÉ {É®ú vÉÉÊ®úiÉ ½þÉiä ÉÒ ½èþ ÊVÉºÉ¨Éå Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå ¨É½þi´É{ÉÚhÉÇ Ê¨ÉlªÉÉ Ê´É´É®úhÉ Eäò VÉÉäÊJÉ¨É EòÉ ÊxÉvÉÉÇ®úhÉ, Eò{É]õ +lÉ´ÉÉ SÉÚEò Eäò EòÉ®úhÉ, ¶ÉÉÊ¨É±É ½þÉiä ÉÉ ½èþ* <xÉ VÉÉäÊJÉ¨ÉÉå EòÉ ÊxÉvÉÉÇ®úhÉ Eò®úxÉä ¨Éå ±ÉäJÉÉ{É®úÒIÉEò EÆò{ÉxÉÒ EòÒ iÉèªÉÉ®úÒ +Éè®ú

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial controls relevant to the Company’s

212


{ÉÊ®úÎºlÉÊiÉªÉÉå Eäò +xÉÖºÉÉ®ú ºÉ¨ÉÖÊSÉiÉ ±ÉäJÉÉ{É®úÒIÉÉ Ê´ÉÊvÉ EòÒ °ü{É®äúJÉÉ iÉèªÉÉ®ú Eò®úxÉä ½äþiÉÖ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò ºÉÖº{É¹]õ |ÉºiÉÖiÉÒEò®úhÉ ºÉä |ÉÉºÉÆÊMÉEò +ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ {É®ú ºÉ¨ÉÖÊSÉiÉ Ê´ÉSÉÉ®ú Eò®úiÉä ½éþ, {É®ÆúiÉÖ ªÉ½þ +Ê¦É¨ÉiÉ näùxÉä Eäò |ÉªÉÉäVÉxÉÉlÉÇ xÉ½þÓ* Ê´ÉkÉÒªÉ Ê®ú{ÉÉäÊ]ÇõMÆ É Eäò ºÉÆ¤ÉÆvÉ ¨Éä EÆò{ÉxÉÒ EòÒ {ÉªÉÉÇ{iÉ +ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ |ÉhÉÉ±ÉÒ ½èþ +Éè®ú BäºÉä ÊxÉªÉÆjÉhÉ EòÉ®úMÉ®ú fÆøMÉ ºÉä {ÉÊ®úSÉÉÊ±ÉiÉ ½èþ* ±ÉäJÉÉ{É®úÒIÉÉ ¨Éå |ÉªÉÉäMÉ ¨Éå ±ÉÉ<Ç MÉ<Ç ±ÉäJÉÉ xÉÒÊiÉªÉÉå EòÒ ={ÉªÉÖHòiÉÉ B´ÉÆ EÆò{ÉxÉÒ Eäò ÊxÉnäù¶ÉEòÉå uùÉ®úÉ ÊEòB MÉB ±ÉäJÉÉ |ÉÉCEò±ÉxÉÉå EòÒ ºÉ¨ÉÖÊSÉiÉiÉÉ Eäò ºÉÉlÉ ºÉÉlÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò ºÉ¨ÉOÉiÉ& |ÉºiÉÖiÉÒEò®úhÉ EòÉ ¨ÉÚ±ªÉÉÆEòxÉ ¶ÉÉÊ¨É±É ½þÉiä ÉÉ ½èþÆ*

preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the ing policies used and the reasonableness of the ing estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.

½þ¨ÉÉ®úÉ Ê´É·ÉÉºÉ ½èþ ÊEò ½þ¨ÉÉ®äú uùÉ®úÉ |ÉÉ{iÉ ±ÉäJÉÉ{É®úÒIÉÉ ºÉÉIªÉ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉÆä {É®ú ½þ¨ÉÉ®úÒ ±ÉäJÉÉ{É®úÒIÉÉ ®úÉªÉ |ÉnùÉxÉ Eò®úxÉä ½äþiÉÖ {ÉªÉÉÇ{iÉ B´ÉÆ ºÉ¨ÉÖÊSÉiÉ +ÉvÉÉ®ú |ÉnùÉxÉ Eò®úiÉä ½éþ*

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

+Ê¦É¨ÉiÉ

Opinion

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå iÉlÉÉ ½þ¨ÉÉ®úÒ ºÉ´ÉÉækÉ¨É VÉÉxÉEòÉ®úÒ +Éè®ú ½þ¨Éå ÊnùB MÉB º{É¹]õÒEò®úhÉ Eäò +xÉÖºÉÉ®ú Ê´ÉkÉÒªÉ Ê´É´É®úhÉ ¦ÉÉ®úiÉ ¨Éå ºÉÉ¨ÉÉxªÉiÉ: º´ÉÒEÞòiÉ ±ÉäJÉÉ ÊºÉrùÉiÆ ÉÉå Eäò +xÉÖ°ü{É iÉlÉÉ +ÊvÉÊxÉªÉ¨É uùÉ®úÉ +{ÉäÊIÉiÉ ºÉÚSÉxÉÉ+Éå EòÉä ºÉ½þÒ +Éè®ú ÊxÉ¹{ÉIÉ ÎºlÉÊiÉ |ÉºiÉÖiÉ Eò®úiÉúä ½éþ:

In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the ing principles generally accepted in India:

(B) iÉÖ±ÉxÉ-{ÉjÉ Eäò ¨ÉÉ¨É±Éä ¨Éå, 31 ¨ÉÉSÉÇ 2015 EòÉä EÆò{ÉxÉÒ EòÒ ÎºlÉÊiÉ;

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015;

(¤ÉÒ) ±ÉÉ¦É-½þÉÊxÉ Ê´É´É®úhÉ Eäò ¨ÉÉ¨É±Éä ¨Éå, =ºÉÒ iÉÉ®úÒJÉ EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ EÆò{ÉxÉÒ EòÉ ±ÉÉ¦É; iÉlÉÉ

(b) In the case of the Statement of Profit and Loss, of the profit for the year ended on that date;

(ºÉÒ) xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ Eäò ¨ÉÉ¨É±Éä ¨Éå, =ºÉÒ iÉÉ®úÒJÉ EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ xÉEònùÒ |É´ÉÉ½þ*

(c) In the case of the Cash Flow Statement of the cash flows for the year ended on that date.

+xªÉ Ê´ÉÊvÉEò B´ÉÆ ÊxÉªÉÉ¨ÉEò +{ÉäIÉÉ+Éå ºÉÆ¤ÉÆvÉÒ Ê®ú{ÉÉä]õÇ

Report on Other Legal and Regulatory Requirements

1. +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 143 (11) Eäò +xÉÖºÉÉ®ú ¦ÉÉ®úiÉ EòÒ Eäòxpù ºÉ®úEòÉ®ú uùÉ®úÉ VÉÉ®úÒ EÆò{ÉxÉÒVÉ (±ÉäJÉÉ {É®úÒIÉÉ Ê®ú{ÉÉä]Çõ) +Énäù¶É, 2015 (‘+Énäù¶É’) EòÒ +{ÉäIÉÉ+xÉÖºÉÉ®ú ½þ¨É =Hò +Énäù¶É Eäò {Éè®úÉ 3 +Éè®ú 4 ¨Éå Ê´ÉÊxÉÌnù¹]õ ¨ÉÉ¨É±ÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå +xÉÖ¤ÉÆvÉ ¨Éå Ê´É´É®úhÉ näùiÉä ½éþ* 2. +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 143(3) EòÒ +{ÉäIÉÉ Eäò +xÉÖºÉÉ®ú ½þ¨É Ê®ú{ÉÉä]õÇ Eò®úiÉä ½éþ ÊEò

1. As required by the Companies (Auditor’s Report) Order, 2015 (“the Order”) issued by the Central Government of India in of Section 143(11) of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order. 2. As required by Section143 (3) of the Act, we report that:

(B)

½þ¨ÉxÉä ´Éä ºÉ¦ÉÒ ºÉÚSÉxÉÉBÄ B´ÉÆ º{É¹]õÒEò®úhÉ fÚøÆføä +Éè®ú |ÉÉ{iÉ ÊEòB ½éþ VÉÉä ½þ¨ÉÉ®úÒ ºÉ´ÉÉækÉ¨É VÉÉxÉEòÉ®úÒ B´ÉÆ Ê´É·ÉÉºÉ Eäò +xÉÖºÉÉ®ú ±ÉäJÉÉ{É®úÒIÉÉ Eäò |ÉªÉÉäVÉxÉÉlÉÇ +É´É¶ªÉEò lÉä*

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

(¤ÉÒ)

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå, VÉ½þÉÆ iÉEò ½þ¨ÉxÉä =xÉ ¤ÉÊ½þªÉÉå EòÒ VÉÉÆSÉ EòÒ ½èþ, =ºÉºÉä |ÉiÉÒiÉ ½þÉiä ÉÉ ½èþ ÊEò EÆò{ÉxÉÒ xÉä Ê´ÉÊvÉ uùÉ®úÉ +{ÉäÊIÉiÉ ±ÉäJÉÉ ¤ÉÊ½þªÉÉå EòÉä ºÉ¨ÉÖÊSÉiÉ °ü{É ºÉä ®úJÉÉ ½èþ*ú

b. In our opinion, proper books of as required by law have been kept by the Company so far as it appears from our examination of those books.

(ºÉÒ)

<ºÉ Ê®ú{ÉÉä]õÇ uùÉ®úÉ ´ªÉ´É½þÉ®ú ÊEòªÉä MÉªÉä Ê´ÉkÉÒªÉ Ê´É´É®úhÉ ±ÉäJÉÉ ¤É½þÒ Eäò Eò®úÉ®ú Eäò +xÉÖºÉÉ®ú ½èþ*

c. The financial statements dealt with by this report are in agreement with the books of .

(b÷Ò)

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå {ÉÚ´ÉÉæHò BEò±É Ê´ÉkÉÒªÉ Ê´É´É®úhÉ +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 133 ,EÆò{ÉxÉÒVÉ (±ÉäJÉÉ) ÊxÉªÉ¨É, 2014 (ªÉlÉÉºÉÆ¶ÉÉäÊvÉiÉ) Eäò ÊxÉªÉ¨É 7 Eäò ºÉÉlÉ {ÉÊ`ööiÉ Eäò +xiÉMÉÇiÉ +ÊvÉºÉÚÊSÉiÉ ±ÉäJÉÉMÉiÉ ¨ÉÉxÉnÆùb÷Éå EòÉ +xÉÖ{ÉÉ±ÉxÉ Eò®úiÉä ½éþ*

d. In our opinion, the aforesaid standalone financial statements comply with the ing Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (s) Rules, 2014 (as amended);

213


(<Ç)

31¨ÉÉSÉÇ 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ ÊxÉnäù¶ÉEòÉå ºÉä |ÉÉ{iÉ Ê±ÉÊJÉiÉ +¦ªÉÉ´ÉänùxÉÉäÆ Eäò +ÉvÉÉ®ú {É®ú +Éè®ú ÊxÉnäù¶ÉEò ¨ÉÆb÷±É Eäò +Ê¦É±ÉäJÉ Eäò +xÉÖºÉÉ®ú 31 ¨ÉÉSÉÇ 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ EòÉä<Ç ¦ÉÒ ÊxÉnäù¶ÉEò +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 164 (2) Eäò +xÉÖºÉÉ®ú ÊxÉnäù¶ÉEò Eäò °ü{É ¨Éå ÊxÉªÉÖHò ½þÉxä Éä Eäò +ªÉÉäMªÉ xÉ½þÓ {ÉÉªÉÉ MÉªÉÉ ½èþ*ú

e. On the basis of the written representations received from the directors as on 31 March 2015 and taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2015 from being appointed as a director in of Section164(2) of the Act;

(B¡ò) EÆò{ÉxÉÒVÉ (±ÉäJÉÉ{É®úÒIÉÉ B´ÉÆ ±ÉäJÉÉ{É®úÒIÉEò ) ÊxÉªÉ¨É, 2014 Eäò ÊxÉªÉ¨É 11 Eäò +xÉÖ°ü{É ±ÉäJÉÉ{É®úÒIÉEò Ê®ú{ÉÉä]õÇ ¨Éå ¶ÉÉÊ¨É±É ½þÉxä Éä ´ÉÉ±Éä +xªÉ ¨ÉÉ¨É±ÉÉå Eäò ºÉ¨¤ÉxvÉ ¨Éå, ½þ¨ÉÉ®úÒ ®úÉªÉ B´ÉÆ ºÉ´ÉÉækÉ¨É ºÉÚSÉxÉÉ B´ÉÆ º{É¹]õÒEò®úhÉ Eäò +xÉÖºÉÉ®ú i.

ii.

iii.

f.

Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò xÉÉä]õ 2.21 (¤ÉÒ) B´ÉÆ (ºÉÒ) ¨Éå ´ÉÌhÉiÉ +xÉÖºÉÉ®ú, EÆò{ÉxÉÒ xÉä ±ÉÆÊ¤ÉiÉ ¨ÉÖEònù¨ÉÉå EòÉ |É¦ÉÉ´É +{ÉxÉä Ê´ÉkÉÒªÉ ÎºlÉÊiÉ {É®ú |ÉEò]õ xÉ½þÓ ÊEòªÉÉ ½èþ*ú

i.

bä÷®úÒ´ÉäÊ]õ´É ºÉÆÊ´ÉnùÉ ÊVÉºÉEäò Ê±ÉªÉä EòÉä<Ç ¦ÉÉèÊiÉEò {ÉÚ´ÉÉÇ¦ÉÉºÉ IÉÊiÉ lÉÒ, ºÉÊ½þiÉ EÆò{ÉxÉÒ Eäò {ÉÉºÉ EòÉä<Ç nùÒPÉÇEòÉÊ±ÉEò ºÉÆÊ´ÉnùÉ xÉ½þÓ ½èþ*ú

ºlÉÉxÉ : EòÉä±ÉEòÉiÉÉ ÊnùxÉÆÉEò : 21.04.2015

The Company has not disclosed the impact of pending litigations on its financial position, as detailed in Note 2.21(b) and (c) to the financial statements.

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

EÆò{ÉxÉÒ uùÉ®úÉ ÊxÉ´Éä¶ÉEò Ê¶ÉIÉÉ B´ÉÆ ºÉÆ®úIÉhÉ ÊxÉÊvÉ EòÉä +ÆiÉÊ®úiÉ ÊEòªÉää VÉÉxÉä ´ÉÉ±ÉÒ ®úÉÊ¶ÉªÉÉå EòÉä +ÆiÉÊ®úiÉ Eò®úxÉä ¨Éå EòÉä<Ç Ê´É±É¨¤É xÉ½þÓ ÊEòªÉÉ MÉªÉÉ*ú

EÞòiÉä B´ÉÆ EòÒ +Éä®ú ºÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò{ÉxÉÒ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆJªÉÉ 303081E ºÉÒ.BxÉ.SÉþ]Âõ]õÉä{ÉÉvªÉªÉ {ÉÉ]ÇõxÉ®ú ºÉnùºªÉiÉÉ ºÉÆJªÉÉ 053879

With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company

For and on behalf of S. P. Chatterjee & Co. Chartered ants Firm’s Registration No.: 303081E Place : Kolkata Date : 21.04.2015

214

C. N. Chattopadhyay Partner hip No.: 053879


31 ¨ÉÉSÉÇ 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå {É®ú +É±É¤ÉéEò ¡òÉ<xÉèxºÉ Ê±ÉÊ¨É]äõb÷ Eäò ºÉnùºªÉÉå EòÉä ºÉ¨ÉÉxÉ ÊiÉÊlÉ EòÒ ±ÉäJÉÉ{É®úÒIÉEòÉå EòÒ º´ÉiÉÆjÉ Ê®ú{ÉÉä]õÇ EòÉ +xÉÖ¤ÉÆvÉ EÆò{ÉxÉÒ Eäò Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå {É®ú BEò ºÉ½þÒ B´ÉÆ {ÉÉ®únù¶ÉÔ Ê®ú{ÉÉäÍ]õMÉ Eäò =qäù¶ªÉ ½äþiÉÖ ÊxÉ¹{ÉÉÊnùiÉ ±ÉäJÉÉ {É®úÒIÉÉ |ÉÊGòªÉÉ+Éå {É®ú +ÉvÉÉÊ®úiÉ iÉlÉÉ ½þ¨Éå nùÒ MÉ<Ç ºÉÚSÉxÉÉ+Éå B´ÉÆ º{É¹]õÒEò®úhÉ EòÉä vªÉÉxÉ ¨Éå ®úJÉEò®ú +Éè®ú ±ÉäJÉÉ {É®úÒIÉÉ EòÒ ºÉÉ¨ÉÉxªÉ |ÉÊGòªÉÉ ¨Éå ±ÉäJÉÉ ¤É½þÒ iÉlÉÉ +xªÉ +Ê¦É±ÉäJÉÉå ½þ¨ÉÉ®äú uùÉ®úÉ EòÒ MÉ<Ç VÉÉÆSÉ Eäò ºÉ¨¤ÉxvÉ ¨Éå ½þ¨É Ê®ú{ÉÉä]õÇ Eò®úiÉä ½éþ ÊEò

Annexure to the Independent Auditor’s Report of even date to the of AllBank Finance Limited, on the financial statements for the year ended 31st March 2015.

(B) EÆò{ÉxÉÒ xÉä ¨ÉÉjÉÉi¨ÉEò Ê´É´É®úhÉ B´ÉÆ +SÉ±É +ÉÎºiÉªÉÉå EòÒ ÎºlÉÊiÉ ºÉÊ½þiÉ {ÉÚ®úÉ ¤ªÉÉè®úÉ ÊnùJÉÉxÉä Eäò Ê±ÉB ºÉ¨ÉÖÊSÉiÉ Ê®úEòÉbÇ÷ EòÉ ®úJÉ®úJÉÉ´É ÊEòªÉÉ ½èþ* (¤ÉÒ) ´É¹ÉÇ Eäò nùÉ®è úÉxÉ |É¤ÉÆvÉxÉ uùÉ®úÉ +SÉ±É +ÉÎºiÉªÉÉå EòÉ ¦ÉÉèÊiÉEò °ü{É ºÉä ºÉiªÉÉ{ÉxÉ ÊEòªÉÉ MÉªÉÉ +Éè®ú <ºÉ ºÉiªÉÉ{ÉxÉ ¨Éä EòÉä<Ç ¦ÉÉèÊiÉEò Ê´ÉºÉÆMÉÊiÉ xÉ½þÓ {ÉÉªÉÒ MÉªÉÒ * ½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå, EÆò{ÉxÉÒ Eäò +ÉEòÉ®ú iÉlÉÉ <ºÉEòÒ +ÉÎºiÉªÉÉå EòÒ |ÉEÞòÊiÉ EòÉä vªÉÉxÉ ¨Éå ®úJÉEò®ú +SÉ±É +ÉÎºiÉªÉÉå Eäò ºÉiªÉÉ{ÉxÉ EòÉ +ÆiÉ®úÉ±É {ÉªÉÉÇ{iÉ ½èþ * ±ÉäJÉÉ ¤É½þÒ ¨Éå <ºÉ ºÉ¨¤ÉxvÉ ¨Éå ºÉ¨ÉÖÊSÉiÉ °ü{É ºÉä Ê´É´É®úhÉ ÊnùªÉÉ MÉªÉÉ ½èþ*

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

(ii)

EÆò{ÉxÉÒ Eäò ´ªÉ´ÉºÉÉªÉ EòÒ |ÉEÞòÊiÉ Eäò +xÉÖºÉÉ®ú ºÉÉ¨ÉÉxÉÉå EòÒ ºÉÚSÉÒ xÉ½þÓ ½èþ* iÉnùxÉÖºÉÉ®ú +Énäù¶É Eäò JÉhb÷ 3 (ii) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(ii)

The Company does not have any inventory. Accordingly, the provisions of clause 3(ii) of the Order are not applicable.

(iii)

EÆò{ÉxÉÒ xÉä +ÊvÉÊxÉªÉ¨É, EòÒ vÉÉ®úÉ 189 Eäò +ÆiÉMÉÇiÉ +xÉÖ®úÊIÉiÉ ®úÊVÉº]õ®ú ¨Éå ¶ÉÉÊ¨É±É ÊEòºÉÒ EÆò{ÉxÉÒ, |ÉÊiÉ¹`öö ÉxÉ ªÉÉ {ÉÉ]õÔ EòÉä EòÉä<Ç |ÉÊiÉ¦ÉÚiÉ ªÉÉ +|ÉÊiÉ¦ÉÚiÉ @ñhÉ xÉ½þÓ ÊnùªÉÉ ½èþ* iÉnùxÉÖºÉÉ®ú, +Énäù¶É Eäò JÉhb÷ 3 (iii) (B) iÉlÉÉ 3 (iii) (¤ÉÒ) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(iii)

The Company has not granted any loan, secured or unsecured to companies, firms or other parties covered in the maintained under Section 189 of the Act. Accordingly, the provisions of clauses 3(iii)(a) and 3(iii)(b) of the Order are not applicable.

(iv)

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå iÉlÉÉ EÆò{ÉxÉÒ Eäò +ÉEòÉ®ú iÉlÉÉ ÎºlÉ®ú +ÉÎºiÉªÉÉå EòÒ JÉ®úÒnù +Éè®ú ºÉä´ÉÉ |ÉnùÉxÉ Eò®úxÉä Eäò <ºÉEäò ´ªÉ´ÉºÉÉªÉ Eäò º´É°ü{É Eäò +xÉÖºÉÉ®ú {ÉªÉÉÇ{iÉ +ÉÆÊiÉ®úEò ÊxÉªÉÆjÉhÉ |ÉhÉÉ±ÉÒ ½èþ*ú ½þ¨ÉxÉä ±ÉäJÉÉ{É®úÒIÉÉ Eäò nùÉ®è úÉxÉ +ÉÆiÉÊ®úEò ÊxÉªÉÆjÉhÉ ¨Éå <xÉ IÉäjÉÉäÆ Eäò ºÉÆ¤ÉÆvÉ ¨Éä ¤Éc÷Ò JÉÉÊ¨ÉªÉÉå EòÉä<Ç ¨ÉÉ¨É±ÉÉ xÉ½þÓ {ÉÉªÉÉ ½èþ*

(iv)

In our opinion, there is an adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of fixed assets and for the sale of goods and services. During the course of our audit, no major weakness has been noticed in the internal control system in respect of these areas.

(v)

+ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 73 ºÉä 76 iÉlÉÉ EÆò{ÉxÉÒVÉ (VÉ¨ÉÉ®úÉÊ¶ÉªÉÉå EòÒ º´ÉÒEÞòÊiÉ), ÊxÉªÉ¨É, 2014 (ªÉlÉÉ ºÉÆ¶ÉÉäÊvÉiÉ) Eäò iÉÉi{ÉªÉÉç Eäò +xiÉMÉÇiÉ EÆò{ÉxÉÒ xÉä EòÉä<Ç VÉ¨ÉÉ®úÉÊ¶É º´ÉÒEòÉ®ú xÉ½þÓ EòÒ ½èþ* iÉnùxÉÖºÉÉ®ú, +Énäù¶É Eäò JÉhb÷ 3(v) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(v)

The Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of Deposits) Rules, 2014 (as amended) . Accordingly, the provisions of clause 3(v) of the Order are not applicable.

(vi)

½þ¨ÉÉ®úÒ ºÉ´ÉÉækÉ¨É VÉÉxÉEòÉ®úÒ B´ÉÆ Ê´É·ÉÉºÉ Eäò +xÉÖºÉÉ®ú, EÆò{ÉxÉÒ Eäò =i{ÉÉnùÉ/å ºÉä´ÉÉ+Éå Eäò ºÉ¨¤ÉxvÉ ¨Éå, +ÊvÉÊxÉªÉ¨É EòÒ vÉÉ®úÉ 148 EòÒ ={ÉvÉÉ®úÉ (1) Eäò +xiÉMÉÇiÉ EäòxpùÒªÉ ºÉ®úEòÉ®ú xÉä ±ÉÉMÉiÉ +Ê¦É±ÉäJÉÉå EòÉ ®úJÉ-®úJÉÉ´É Ê´ÉÊxÉvÉÉÇÊ®úiÉ xÉ½þÓ ÊEòªÉÉ ½èþ* iÉnùxÉÖºÉÉ®ú, +Énäù¶É Eäò JÉhb÷ 3(vi) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(vi)

To the best of our knowledge and belief, the Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in respect of Company’s products/ services2 . Accordingly, the provisions of clause 3(vi) of the Order are not applicable.

(i)

(vii) (B)

EÆò{ÉxÉÒ ¦ÉÊ´É¹ªÉ ÊxÉÊvÉ, Eò¨ÉÇSÉÉ®úÒ ®úÉVªÉ ¤ÉÒ¨ÉÉ, +ÉªÉ Eò®ú, Ê´ÉGòªÉ Eò®ú, ºÉÆ{ÉÊkÉ Eò®ú, ºÉä´ÉÉ Eò®ú, ºÉÒ¨ÉÉ ¶ÉÖ±Eò, =i{ÉÉnù ¶ÉÖ±Eò, ¨ÉÚ±ªÉ ´ÉÌrùiÉ Eò®ú, ={É Eò®ú iÉlÉÉ +xªÉ |É¨ÉÖJÉ MÉè®ú-Ê´É´ÉÉÊnùiÉ ºÉÉÆÊ´ÉÊvÉEò näùªÉiÉÉBÆ, ªÉlÉÉ |ÉªÉÉäVªÉ, EòÉä ºÉ¨ÉÖÊSÉiÉ |ÉÉÊvÉEòÉÊ®úªÉÉå EòÉä VÉ¨ÉÉ Eò®úxÉä Eäò ¨ÉÉ¨É±Éä ¨Éå ÊxÉªÉÊ¨ÉiÉ ½èþ* <ºÉEäò ºÉÉlÉ ½þÒ, ´É¹ÉÇ Eäò +ÆiÉ ¨Éå <xÉºÉä ºÉÆ¤ÉÆÊvÉiÉ EòÉä<Ç +Ê´É´ÉÉÊnùiÉ näùªÉ ®úÉÊ¶É <ºÉEäò näùªÉ ½þÉxä Éä EòÒ ÊiÉÊlÉ ºÉä Uô½þ ¨ÉÉ½þ ºÉä +ÊvÉEò +´ÉÊvÉ iÉEò ±ÉÆÊ¤ÉiÉ xÉ½þÓ ®ú½þÉ ½èþ*

Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of and other records examined by us in the normal course of audit, we report that:

(b) The fixed assets have been physically verified by the management during the year and no material discrepancies were noticed on such verification. In our opinion, the frequency of verification of the fixed assets is reasonable having regard to the size of the Company and the nature of its assets. These have been properly dealt with in the books of . In our opinion, the frequency of verification of fixed assets is reasonable having regard to the size of the Company and the nature of its assets.

(vii) (a) The Company is regular in depositing undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, wealth tax, service tax, duty of customs, duty of excise, value added tax, cess and other material statutory dues, as applicable, with the appropriate authorities. Further, no undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they become payable.

215


(¤ÉÒ) ÊEòºÉÒ Ê´É´ÉÉnù Eäò EòÉ®úhÉ +ÉªÉ Eò®ú, Ê´ÉGòªÉ Eò®ú, ºÉÆ{ÉÊkÉ Eò®ú, ºÉä´ÉÉ Eò®ú, ºÉÒ¨ÉÉ ¶ÉÖ±Eò, =i{ÉÉnù ¶ÉÖ±Eò, ¨ÉÚ±ªÉ ´ÉÌrùiÉ Eò®ú, ={É Eò®ú Eäò ¨ÉÉ¨É±Éä ¨Éå ¤ÉEòÉªÉÉ näùªÉ ®úÉÊ¶É ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½èþ: ºÉÆÊ´ÉÊvÉ EòÉ xÉÉ¨É

nùªä É ®úÉÊ¶Éò EòÉ º´É°ü{É

Name of the statute

Nature of dues

+ÉªÉEò®ú +ÊvÉÊxÉªÉ¨É, 1961

+ÉªÉEò® ÊxÉvÉÉÇ®úhÉú

Income Tax Act, 1961 Income Tax

+ÉªÉEò®ú +ÊvÉÊxÉªÉ¨É, 1961 +ÉªÉEò®ú +ÊvÉÊxÉªÉ¨É, 1961

®úÉÊ¶É

ºÉÊ´É®úÉvä É |ÉnùkÉ ®úÉÊ¶É

ºÉÆ¤ÉÆÊvÉiÉ ®úÉÊ¶É EòÒ +´ÉÊvÉ

ÊEòºÉ ¨ÉÆSÉ {É® Ê´É´ÉÉnù ±ÉÆÊ¤ÉiÉ ½èþ

Amount (`)

Amount Paid Under Protest (`)

Period to which the amount relates

Forum where dispute is pending

85,74,000



´ÉÉ{ÉºÉÒ ºÉä ºÉ¨ÉÉªÉÉäÊVÉiÉ

ÊxÉvÉÉÇ®úhÉ ´É¹ÉÇ 2003-04

Adjusted with refund

Assessment Year 2003-04

=SSÉ xªÉÉªÉÉ±ÉªÉ High Court

´ÉÉ{ÉºÉÒ ºÉä ºÉ¨ÉÉªÉÉäÊVÉiÉ


ºÉÒ+É<Ç]õÒ (+{ÉÒ±É)

8,86,627

Adjusted with refund


CIT (Appeals)

¶ÉÚxªÉ


ºÉÒ+É<Ç]õÒ (+{ÉÒ±É)

8,60,609

Nil


CIT (Appeals)



(b) The dues outstanding in respect of income-tax, salestax, wealth tax, service tax, duty of customs, duty of excise, value added tax and cess on of any dispute, are as follows:

(ºÉÒ) EÆò{ÉxÉÒ uùÉ®úÉ ÊxÉ´Éä¶ÉEò Ê¶ÉIÉÉ B´ÉÆ ºÉÖ®úIÉÉ ÊxÉÊvÉ ¨Éå ÊEòºÉÒ ¦ÉÒ ®úÉÊ¶É +ÆiÉÊ®úiÉ ÊEòªÉÉ VÉÉxÉÉ +{ÉäÊIÉiÉ xÉ½þÓ lÉÉ*

(c) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

(viii)

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå, ´É¹ÉÇ Eäò +ÆiÉ ¨Éå EÆò{ÉxÉÒ Eäò {ÉÉºÉ EòÉä<Ç ºÉÆÊSÉiÉ ½þÉÊxÉ xÉ½þÓ ½èþ +Éè®ú <ºÉxÉä SÉÉ±ÉÚ B´ÉÆ <ºÉºÉä `ööÒEò {ÉÚ´ÉÇ Ê´ÉkÉÒªÉ ´É¹ÉÇ ¨Éå EòÉä<Ç xÉEònùÒ ½þÉÊxÉ xÉ½þÓ =`ööÉ<Ç ½èþ*þ

(viii)

In our opinion, the Company has no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and the immediately preceding financial year.

(ix)

½þ¨ÉÉ®úÒ ®úÉªÉ ¨Éå EÆò{ÉxÉÒ xÉä ´É¹ÉÇ Eäò nùÉ®è úÉxÉ ÊEòºÉÒ Ê´ÉkÉÒªÉ ºÉÆºlÉÉxÉ ªÉÉ ÊEòºÉÒ ¤ÉéEò ªÉÉ Êb÷¤ÉåSÉ®ú vÉÉ®úEòÉå EòÉä ¤ÉEòÉªÉÉ Eäò SÉÖEòÉxÉä ¨Éå EòÉä<Ç SÉÚEò xÉ½þÓ EòÒ ½èþ*

(ix)

In our opinion, the Company has not defaulted in repayment of dues to any financial institution or a bank or to debenture-holders during the year.

(x)

EÆò{ÉxÉÒ xÉä nÚùºÉ®úÉå uùÉ®úÉ ¤ÉéEòÉå ªÉÉ Ê´ÉkÉÒªÉ ºÉÆºlÉÉ+Éå ºÉä Ê±ÉB MÉB @ñhÉ ½äþiÉÖ EòÉä<Ç MÉÉ®Æú]õÒ xÉ½þÓ nùÒ ½èþ* iÉnùxÉÖºÉÉ®ú, +Énäù¶É Eäò JÉÆb÷ 3 (x) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(x)

The Company has not given any guarantees for loans taken by others from banks or financial institutions. Accordingly, the provisions of clause 3(x) of the Order are not applicable.

(xi)

´É¹ÉÇ Eäò nùÉ®è úÉxÉ EÆò{ÉxÉÒ Eäò {ÉÉºÉ EòÉä<Ç ¨ÉÒªÉÉnùÒ @ñhÉ ¤ÉEòÉªÉÉ xÉ½þÓ ½èþ* iÉnùxÉÖºÉÉ®ú, +Énäù¶É Eäò JÉÆb÷ 3 (x) Eäò |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ xÉ½þÓ ½éþ*

(xi)

The Company did not have any term loans outstanding during the year. Accordingly, the provisions of clause 3(xi) of the Order are not applicable.

(xii)

½þ¨ÉÉ®úÒ ±ÉäJÉÉ{É®úÒIÉÉ uùÉ®úÉ ¶ÉÉÊ¨É±É +´ÉÊvÉ Eäò nùÉ®è úÉxÉ EÆò{ÉxÉÒ ¨Éå ªÉÉ EÆò{ÉxÉÒ EòÉä ÊEòºÉÒ |ÉEòÉ®ú EòÒ vÉÉäJÉÉvÉc÷Ò EòÒ VÉÉxÉEòÉ®úÒ xÉ½þÓ Ê¨É±ÉÒ ½èþ*õ

(xii)

No fraud on or by the Company has been noticed or reported during the period covered by our audit.

EÞòiÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò{ÉxÉÒ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆJªÉÉ 303081E ºlÉÉxÉ : EòÉä±ÉEòÉiÉÉ ÊnùxÉÆÉEò : 21.04.2015

For, S. P. Chatterjee & Co. Chartered ants Firm’s Registration No.: 303081E

ºÉÒ.BxÉ.SÉþ]Âõ]õÉä{ÉÉvªÉÉªÉ {ÉÉ]ÇõxÉ®ú ºÉnùºªÉiÉÉ ºÉÆJªÉÉ 053879

Place : Kolkata Date : 21.04.2015

216

C. N. Chattopadhyay Partner hip No.: 053879

+Éì±É¤ÉéEò ¡òÉ<xÉèxºÉ Ê±ÉÊ¨É]äõb÷ AllBank Finance Limited

31 ¨ÉÉSÉÇ, 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ iÉÖ±ÉxÉ {ÉjÉ BALANCE SHEET AS AT 31st March, 2015

Ê´É´É®úhÉ / Particulars

xÉÉä]õ ºÉÆ./ Note No

31¨ÉÉSÉÇ/Mar15

2.1 2.2

150,000,000 448,553,289

150,000,000 425,839,921

598,553,289

575,839,921

2.3 2.4

1,414,446 1,414,446

1,415,266 1,415,266

2.5 2.6 2.7

329,163 1,507,026 50,923,220 52,759,409 652,727,144

3,242,308 2,640,503 40,229,607 46,112,418 623,367,605

902,101 32,794 934,895

1,387,975 2,310 1,390,285

2.9 2.10

29,050,064 252,265 29,302,329

251,850,314 220,733 252,071,047

2.11 2.12 2.13 2.14 2.15

318,993,500 3,223,733 197,099,538 94,919,308 8,253,842 622,489,921 652,727,144

173,874,799 3,907,835 79,113,327 106,608,720 6,401,592 369,906,273 623,367,605

<ÎC´É]õÒ +Éè®ú näùªÉiÉÉBÆ / EQUITY AND LIABILITIES ¶ÉäªÉ®úvÉÉ®úEòÉå EòÒ ÊxÉÊvÉªÉÉÆ / Shareholders’ funds ¶ÉäªÉ® {ÉÚVÆ ÉÒ / Share capital |ÉÉ®úÊIÉÊiÉªÉÉÆ B´ÉÆ +ÊvÉ¶Éä¹É / Reserves and surplus +É¤ÉÆ]õxÉ ½þÉxä Éä iÉEò ¶ÉäªÉ®ú +É´ÉänùxÉ vÉxÉ®úÉÊ¶É / Share application money pending allotment

MÉè®ú-SÉÉ±ÉÚ näùªÉiÉÉBÆ

(`)

31

¨ÉÉSÉÇ/Mar14

(`)

/ Non-current liabilities

+ÉºlÉÊMÉiÉ Eò®ú näùªÉiÉÉBÆ(ÊxÉ´É±É) / Deferred tax liabilities (net) nùÒPÉÉÇ´ÉÊvÉ |ÉÉ´ÉvÉÉxÉ / Long term provisions +xªÉ nùÒPÉÉÇ´ÉÊvÉ näùªÉiÉÉBÆ / Other Long term liabilities SÉÉ±ÉÚ näùªÉiÉÉBÆ / Current liabilities ´ªÉÉ{ÉÉ® ºÉÆnùäªÉ / Trade payables +xªÉ SÉÉ±ÉÚ näùªÉiÉÉBÆú / Other current liabilities +±{ÉÉ´ÉÊvÉ |ÉÉ´ÉvÉÉxÉ ú/ Short term provisions

+ÉÎºiÉªÉÉÆ / ASSETS MÉè®ú-SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ / Non-current assets +SÉ±É +ÉÎºiÉªÉÉÆ / Fixed assets ¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ / Tangible assets

2.8

+¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ / Intangible assets {ÉÚVÆ ÉÒMÉiÉ EòÉªÉÇ |ÉMÉÊiÉ {É®ú / Capital Work in Progress MÉè®ú-SÉÉ±ÉÚ ÊxÉ´Éä¶É / Non Current Investments nùÒPÉÉÇ´ÉÊvÉ @ñhÉ B´ÉÆ +ÊOÉ¨É / Long term loans and advances +xªÉ MÉè®ú-SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ / Other non-current assets SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ / Current assets SÉÉ±ÉÚ ÊxÉ´Éä¶É / Current Investment ´ªÉÉ{ÉÉ®ú ºÉä |ÉÉ{ªÉ ®úÉÊ¶É / Trade receivables xÉEònùÒ +Éè®ú xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ / Cash and cash equivalents +±{ÉÉ´ÉÊvÉ @ñhÉ B´ÉÆ +ÊOÉ¨É / Short-term loans and advances +xªÉ SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ / Other current assets

ºÉ¨É ÊiÉÊlÉ EòÒ ½þ¨ÉÉ®úÒ Ê®ú{ÉÉä]õÇ Eäò +xÉÖºÉÉ®ú

¤ÉÉäb÷Ç Eäò Ê±ÉB B´ÉÆ EòÒ +Éä®ú ºÉä

As per our report of even date

EÞòiÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò

For and on behalf of the Board

For S. P. Chatterjee & Co.

ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú Chartered ants ¡ò¨ÉÇ {ÉÆVÉÒEò®úhÉ ºÉÆJªÉÉ / Firm's Registration Number : 303081E

ºÉÒ. BxÉ. SÉ]õVÉÔ / C. N. Chatterjee {ÉÉ]ÇõxÉ®ú þ / Partner m=ôg;t mkÏgt / hip No.053879 EòÉä±ÉEòÉiÉÉ, 21 +|Éè±É, 2015 /

Kolkata, 21st April, 2015

®úÉEäò¶É ºÉä`öÒ / Rakesh Sethi +vªÉIÉ / Chairman b÷Ò+É<ÇBxÉ / DIN: 02420709

VÉä. Eäò. ËºÉ½þ JÉ¤ÉÇ / J.K.Singh Kharb ÊxÉnäù¶ÉEò / Director b÷Ò+É<ÇBxÉ / DIN: 06965688

ºÉÖ¤ÉÒ®ú nùÉºÉ / Subir Das ÊxÉnäù¶ÉEò / Director b÷Ò+É<ÇBxÉ / DIN: 00199255

B¨É. +¯û¨ÉÖMÉ¨É / M.Arumugam ºÉÒ<Ç+Éä / CEO

+VÉªÉ EÖò¨ÉÉ®ú / Ajai Kumar ºÉÒB¡ò+Éä / CFO

¨Éä±ÉÊ´ÉiÉÉ ±ÉäÊ´ÉºÉ / Melvita Lewis EÆò{ÉxÉÒ ºÉÊSÉ´É / Company Secretary

217


31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ ±ÉÉ¦É ½þÉÊxÉ Ê´É´É®úhÉ Profit and Loss Statement for the year ended March 31st, 2015

xÉÉä]õ ºÉÆ.

Ê´É´É®úhÉ Particulars

Bú/A. ºÉiÉiÉ {ÉÊ®úSÉÉ±ÉxÉ/Continuing operations ®úÉVÉº´É/Revenue {ÉÊ®úSÉÉ±ÉxÉ ºÉä ®úÉVÉº´É / Revenue from operations +xªÉ +ÉªÉ / Other Income EÖò±É ®úÉVÉº´É /Total Revenue JÉSÉÇ / Expenses Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É JÉSÉÇ / Employee benefit expense ¨ÉÚ±ªÉ¿ÉºÉ B´ÉÆ {ÉÊ®ú¶ÉÉävÉxÉ ´ªÉªÉ/ EÖò±É

31.03.2015

Note No.

Depreciation and amortization expense +xªÉ JÉSÉÇ / Other expenses JÉSÉÇ / Total Expenses

Eò®ú {ÉÚ´ÉÇ ±ÉÉ¦É/Profit before tax Eò®ú ´ªÉªÉ/Tax expense SÉÉ±ÉÚ Eò®ú/Current tax Ê´ÉMÉiÉ ´É¹ÉÇ/Earlier Years ºÉiÉiÉ {ÉÊ®úSÉÉ±ÉxÉÉå ºÉä ±ÉÉ¦É (Eò®ú {É¶SÉÉiÉ)/

EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ

31.03.2014

EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ

Year ended

Year ended

31.03.2015

31.03.2014

(`)

(`)

2.16 2.17

17,459,102 65,310,422 82,769,524

21,127,381 34,303,789 55,431,170

2.18

6,621,345

5,733,349

2.8 2.19

201,357 5,040,637 11,863,339

153,686 4,573,965 10,461,000

70,906,186

44,970,170

17,700,000

7,769,000

30,164,829

217,352

23,041,357

36,983,818

2.20

Profit from continuing operations (after tax)

¤ÉÒ/B. ºÉ¨ÉÉ{iÉ {ÉÊ®úSÉÉ±ÉxÉ/Discontinuing operations ºÉ¨ÉÉ{iÉ {ÉÊ®úSÉÉ±ÉxÉ ºÉä ±ÉÉ¦É/Profit from discontinuing operations ºÉ¨ÉÉ{iÉ {ÉÊ®úSÉÉ±ÉxÉ {É®ú Eò®ú ´ªÉªÉ/Tax expenses on discontinuing operations

-

-

-

-

-

-

23,041,357

36,983,818

15.36

24.66

15.36

24.66

ºÉ¨ÉÉ{iÉ {ÉÊ®úSÉÉ±ÉxÉ ºÉä ±ÉÉ¦É (Eò®ú {É¶SÉÉiÉ)/ Profit from discontinuing operations (after tax)

ºÉÒ/C. +´ÉÊvÉ ½äþiÉÖ ±ÉÉ¦É/Profit for the period |ÉÊiÉ <ÊC´É]õÒ ¶ÉäªÉ®ú +VÉÇxÉ: (` ¨Éå)/Earning per equity share: (in `) ¨ÉÚ±É/Basic b÷É<±ªÉÚ]äõb÷/Diluted

ºÉ¨É ÊiÉÊlÉ EòÒ ½þ¨ÉÉ®úÒ Ê®ú{ÉÉä]õÇ Eäò +xÉÖºÉÉ®ú As per our report of even date


EÞòiÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò


For S. P. Chatterjee & Co.




®úÉEäò¶É ºÉä`Òö / Rakesh Sethi +vªÉIÉ / Chairman b÷Ò+É<ÇBxÉ / DIN: 02420709





¨Éä±ÉÊ´ÉiÉÉ ±ÉäÊ´ÉºÉ/ Melvita Lewis EÆò{ÉxÉÒ ºÉÊSÉ´É / Company Secretary

218


xÉÉä] 1

NOTE 1

¨É½þi´É{ÉÚhÉÇ ±ÉäJÉÉ xÉÒÊiÉªÉÉÆ 1.1

Significant ing Policies:

Ê´ÉkÉÒªÉ Ê´É´É®úÊhÉªÉÉÆ iÉèªÉÉ®ú Eò®úxÉä EòÉ +ÉvÉÉ®ú

1.1 Basis of preparation of Financial Statements

Ê´ÉkÉÒªÉ Ê´É´É®úhÉ º´ÉÒEòÉªÉÇ ±ÉäJÉÉ ¨ÉÉxÉEòÉå +Éè®ú Eò¨{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 Eäò ºÉÆMÉiÉ |ÉÉ´ÉvÉÉxÉÉå Eäò +xÉÖºÉÉ®ú iÉèªÉÉ®ú ÊEòB VÉÉiÉä ½éþ +Éè®ú {É®Æú{É®úÉMÉiÉ ±ÉÉMÉiÉ {ÉÊ®ú{ÉÉÊ]õªÉÉå {É®ú +ÉvÉÉÊ®úiÉ ½è* ±ÉäJÉÉ xÉÒÊiÉªÉÉÆ, VÉ¤É iÉEò +xªÉlÉÉ Ê´ÉÊxÉÌnù¹]õ xÉ ½þÉ,å +xÉÖEòÚ ±É ½éþ +Éè®ú ºÉÉ¨ÉÉxªÉiÉ: º´ÉÒEÞòiÉ ±ÉäJÉÉ ÊºÉrùÉiÆ ÉÉå Eäò +xÉÖ°ü{É ½éþ* näùªÉ +Éè®ú |ÉÉ{ªÉ ºÉÒ¨ÉÉ iÉEò ¨ÉÉxÉä MÉB ºÉ¦ÉÒ ´ªÉªÉ +Éè®ú +ÉªÉ EòÉ ±ÉäJÉÉ, VÉ¤É iÉEò +xªÉlÉÉ Ê´ÉÊxÉÌnù¹]õ xÉ ½þÉ,ä ={ÉÊSÉiÉ +ÉvÉÉ®ú {É®ú ÊEòªÉÉ MÉªÉÉ ½èþ*

1.2

|ÉÉCEò±ÉxÉÉå EòÉ |ÉªÉÉäMÉ

The financial statements are prepared in accordance with applicable ing standards and relevant provisions of the Companies Act, 2013 and are based on the historical cost conventions. ing policies unless specifically stated to be otherwise, are consistent and are in consonance with generally accepted ing principles. All expenses and income to the extent considered payable and receivable , unless stated otherwise, have been ed for on accrual basis. 1.2 Use of Estimates

Ê´ÉkÉÒªÉ Ê´É´É®úhÉ iÉèªÉÉ®ú Eò®úxÉä ½äþiÉÖ |É¤ÉÆvÉxÉ EòÉäþ BäºÉä +xÉÖ¨ÉÉxÉ +Éè®ú |ÉÉCEò±ÉxÉ EòÒ +É´É¶ªÉEòiÉÉ ½þÉiä ÉÒ ½éþ VÉÉä Ê®ú{ÉÉä]õÇ EòÒ MÉ<Ç +ÉÎºiÉªÉÉå B´ÉÆú näùªÉiÉÉ+Éå EòÒ ®úEò¨É +Éè®ú iÉÖ±ÉxÉ {ÉjÉ EòÒ iÉÉ®úÒJÉ EòÉä +ÉEòÎº¨ÉEò näùªÉiÉÉ+Éå iÉlÉÉ +ÉÎºiÉªÉÉå +Éè®ú ´É¹ÉÇ Eäò nùÉ®è úÉxÉ Ê®ú{ÉÉä]õÇ EòÒ MÉ<Ç +ÉªÉ +Éè®ú ´ªÉªÉ EòÒ ®úÉÊ¶É ºÉä ºÉÆ¤ÉÆÊvÉiÉ |ÉEò]õÒEò®úhÉ EòÉä |É¦ÉÉÊ´ÉiÉ Eò®úiÉä ½éþ*

The preparation of financial statements require management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures relating to contingent liabilities and assets as at the Balance Sheet date and the reported amounts of income and expenses during the year.

+ÉEòÎº¨ÉEòiÉÉ+Éå EòÉä iÉ¤É nùVÉÇ ÊEòªÉÉ VÉÉiÉÉ ½èþ VÉ¤É <ºÉ ¤ÉÉiÉ EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½þÉä ÊEò näùªÉiÉÉ ={ÉMÉiÉ ½þÉMä ÉÒ +Éè®ú =ºÉ ®úÉÊ¶É EòÉ ºÉ¨ÉÖÊSÉiÉ |ÉÉCEò±ÉxÉ ÊEòªÉÉ VÉÉ ºÉEòiÉÉ ½èþ* ÊVÉºÉ ´É¹ÉÇ {ÉÊ®úhÉÉ¨É YÉÉiÉ/¨ÉÚiÉÇ ½þÉäiÉä ½éþ =ºÉ ´É¹ÉÇ ´ÉÉºiÉÊ´ÉEò {ÉÊ®úhÉÉ¨ÉÉå +Éè®ú |ÉÉCEò±ÉxÉÉå Eäò +ÆiÉ®ú EòÉä +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Contingencies are recorded when it is probable that a liability will be incurred and the amounts can reasonably be estimated. Differences between the actual results and estimates are recognized in the year in which the results are known / materialized.

1.3

®úÉVÉº´É +Ê¦ÉYÉÉxÉ

1.3 Revenue Recognition

(i)

{É]Âõ]õÉ Ê´ÉkÉ{ÉÉä¹ÉhÉ 1.4.2001 EòÉä ªÉÉ <ºÉEäò {É¶SÉÉiÉ ¶ÉÖ°ü ½þÉxä Éä´ÉÉ±ÉÒ ±ÉäJÉÉ +´ÉÊvÉ Eäò nùÉ®è úÉxÉ ºÉ¨ÉºiÉ {É]Âõ]õä EòÒ +ÉÎºiÉªÉÉå Eäò ºÉÆ¤ÉÆvÉ ¨Éå ±ÉÒVÉ {É®ú ±ÉäJÉÉ ¨ÉÉxÉEò 19(BBºÉ-19) ±ÉÉMÉÚ ½Öþ+Éþ* SÉÚÊÆ Eò EÆò{ÉxÉÒ xÉä 1.4.2001 EòÉä +lÉ´ÉÉ <ºÉEäò {É¶SÉÉiÉ EòÉä<Ç ±ÉÒVÉ ºÉÆº´ÉÒEÞòiÉ xÉ½þÓ ÊEòªÉÉ ½èþ, +iÉ: BBºÉ-19 EÆò{ÉxÉÒ {É®ú |ÉªÉÉäVªÉ xÉ½þÓ ½èþ* ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò uùÉ®úÉ PÉÉäÊ¹ÉiÉ Ê´É´ÉäEä ò{ÉÚhÉÇ ¨ÉÉxÉnÆùb÷Éå Eäò +ÆiÉMÉÇiÉ VÉ½þÉÆ ±ÉÒVÉÂb÷ +ÉÎºiÉªÉÉÆ +xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå (BxÉ{ÉÒB) Eäò °ü{É ¨Éå ´ÉMÉÔEÞòiÉ ½þÉå ´É½þÉÆ ±ÉÒVÉ ÊEò®úÉB {É®ú Ê´ÉSÉÉ®ú xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ*

(i) Lease Finance The ing Standard 19 (AS–19) on Leases came into effect in respect of all assets leased during ing periods commencing on or after 1.4.2001. Since the Company has not sanctioned any lease on or after 1.4.2001, the AS–19 is not applicable to the Company. Lease Rentals are not considered where Leased Assets have been classified as Non– Performing Assets (NPA) under the Prudential Norms announced by Reserve Bank of India.

iÉlÉÉÊ{É, EÆò{ÉxÉÒ xÉä º´ÉªÉÆòEòÉä ´É¹ÉÇ 2005 ¨Éå ¸ÉähÉÒ-* ¨ÉSÉä]ÆÇ õ ¤ÉéEò®ú Eäò °ü{É ¨Éå {ÉÆVÉÒEÞòiÉ ÊEòªÉÉ lÉÉ iÉlÉÉ SÉÄúÊÚ Eò EÆò{ÉxÉÒ +¤É EòÉä<Ç BSÉ{ÉÒ B´ÉÆ ±ÉÒÊVÉÆMÉ EòÉ®úÉ¤ä ÉÉ®ú xÉ½þÓ Eò®ú ®ú½þÒ ½èþ, +iÉB´É =ºÉxÉä MÉè®ú ¤ÉéÊEÆòMÉ Ê´ÉkÉÒªÉ EÆò{ÉxÉÒ Eäò °ü{É ¨Éå +{ÉxÉÉ ±ÉÉ<ºÉåºÉ ´ÉÉ{ÉºÉ Eò®ú ÊnùªÉÉ ½èþ* ¤ªÉÉVÉ +ÉªÉ EòÉ +Ê¦ÉYÉÉxÉ ¤ÉEòÉªÉÉ ®úÉÊ¶É iÉlÉÉ |ÉªÉÉäVªÉ nù®ú Eäò +ÉvÉÉ®ú {É®ú ´ÉºÉÚ±ÉÒ ªÉÉäMªÉ ¨ÉÉxÉÒ VÉÉxÉä ´ÉÉ±ÉÒ ®úEò¨É EòÒ ºÉÒ¨ÉÉ iÉEò ºÉ¨ÉªÉ +xÉÖ{ÉÉiÉ +ÉvÉÉ®ú {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ* ±ÉÉ¦ÉÉÆ¶É +ÉªÉ EòÉä iÉ¤É +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ VÉ¤É <ºÉEòÒ |ÉÉÎ{iÉ EòÉ +ÊvÉEòÉ®ú ºlÉÉÊ{ÉiÉ ½þÉä VÉÉiÉÉ ½èþ* +SÉ±Éú +ÉÎºiÉªÉÉÆ

(ii) Interest income is recognized on a time proportion basis depending upon the amount outstanding and the rate applicable and to the extent considered realizable.

EÆò{ÉxÉÒ uùÉ®úÉ ºlÉÉ{ÉxÉÉ {É®ú ÊEòB MÉB ´ªÉªÉ ºÉÊ½þiÉ +SÉ±É +ÉÎºiÉªÉÉå EòÉ {ÉÚVÆ ÉÒEò®úhÉ ±ÉÉMÉiÉ {É®ú ½þÉiä ÉÉ ½èþ*

Fixed Assets are capitalized at cost inclusive of installation expenses as incurred by the Company.

{É]Âõ]õä {É®ú ±ÉÒ MÉ<Ç +ÉÎºiÉªÉÉÆ GòªÉ EòÒ MÉ<Ç B´ÉÆ {É]Âõ]õä {É®ú nùÒ MÉ<Ç +ÉÎºiÉªÉÉå EòÉ {ÉÚVÆ ÉÒEò®úhÉ ºlÉÉ{ÉxÉÉ ±ÉÉMÉiÉ B´ÉÆ ºlÉÉ{ÉxÉÉ ´ªÉªÉ {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ*

1.5 Leased Assets

(ii)

(iii) 1.4

1.5

However, the Company had ed itself as a Category I Merchant Banker in the year 2005 and had surrendered NBFC license since it discontinued HP and Leasing business.

(iii) Income on of dividend is recognized when the right to receive is established. 1.4 Fixed Assets

Assets purchased and given on lease are capitalized on installation at cost and installation expenses.

219


¨ÉÚ±ªÉ¿ÉºÉ ±ÉÒVÉ {É®ú nùÒ MÉ<Ç +ÉÎºiÉªÉÉå Eäò +±ÉÉ´ÉÉ +xªÉ +ÉÎºiÉªÉÉÆ

1.6 Depreciation

1.6 (i)

:

(i)

EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É 2013 EòÒ +xÉÖºÉÚSÉÒ II ¨Éå ÊxÉvÉÉÇÊ®úiÉ {ÉrùÊiÉ Eäò +xÉÖºÉÉ®ú +ÉÊºiÉªÉÉå EòÒ ={ÉªÉÉäMÉÒ +Ê´ÉvÉ Eäò +ÉvÉÉ®ú {É®ú ¨ÉÚ±ªÉ¿ÉºÉ EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* +¨ÉÚiÉÇ +ÉÎºiÉªÉÉå EòÉä {ÉÉÆSÉ ´É¹ÉÇ EòÒ +´ÉÊvÉ ¨Éå +lÉ´ÉÉ ªÉÊnù ={ÉªÉÉäMÉÒ +´ÉÊvÉ {ÉÉÆSÉ ´É¹ÉÇ ºÉä Eò¨É ½þÉä iÉÉä +{ÉäIÉÉEÞòiÉ Eò¨É +´ÉÊvÉ ¨Éå ºÉÒvÉÒ ®äúJÉÉ |ÉhÉÉ±ÉÒ ºÉä {ÉÊ®ú¶ÉÉäÊvÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* (ii) {É]Âõ]õä {É®ú nùÒ MÉ<Ç +ÉÎºiÉªÉÉÆ: ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ‘BEòÉ=ÆË]õMÉ ¡òÉì®ú ±ÉÒVÉäVÉ’ ºÉÆ¤ÉÆvÉÒ ¨ÉÉMÉÇn¶ÉÔ xÉÉä]õ Eäò +xÉÖºÉÉ®ú ±ÉÒVÉ {É®ú nùÒ MÉ<Ç +ÉÎºiÉªÉÉå {É®ú ¨ÉÚ±ªÉ¿ÉºÉ EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* ºÉ¦ÉÒ ÊºlÉ®ú +ÉÎºiÉªÉÉå (+xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå Eäò °ü{É ¨Éå ´ÉMÉÔEÞòiÉ {É^õÉEÞòiÉ +ÉÎºiÉªÉÉå EòÉä UôÉcä ÷Eò®ú) {É®ú ¨ÉÚ±ªÉ¿ÉºÉ EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 ¨Éä ÊxÉvÉÉÇÊ®úiÉ {ÉrùÊiÉ Eäò +xÉÖºÉÉ®ú ÊEòªÉÉ MÉªÉÉ ½èþ* 1.7

ÊxÉ´Éä¶É

Assets other than given on Lease:

Depreciation is provided as per the method prescribed in Schedule II of the Companies Act 2013 on the basis of useful life of the assets. Intangible Assets are amortised over a period of five years or in lesser period if useful life is lower than five years on straight line basis. (ii)

Assets given on Lease:

Depreciation on Leased Assets is provided as per the Guidance Note on ‘ing for Leases’ issued by the Institute of Chartered ants of India. Depreciation on all the fixed assets (excluding Leased Assets classified as Non Performing Assets) has been provided as per method prescribed in the Companies Act, 2013.

1.7 Investment

nùÒPÉÇ +´ÉÊvÉ ÊxÉ´Éä¶É EòÉ ¨ÉÚ±ªÉ ÊxÉvÉÉÇ®úhÉ ±ÉÉMÉiÉ {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ* ´É¹ÉÇ EòÒ ºÉ¨ÉÉÎ{iÉ {É®ú ÊxÉ´Éä¶É Eäò ¨ÉÚ±ªÉ ¨Éå ¿ÉºÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ BäºÉä ÊxÉ´Éä¶É Eäò ¨ÉÚ±ªÉ ¨Éå Eò¨ÉÒ ½þÉxä Éä ªÉÊnù ºlÉÉªÉÒ º´É°ü{É EòÒ ½þÉ,ä {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Long Term Investments are valued at cost. Provision for diminution in value of investment is made for decrease in value of such investments if permanent in nature as at the end of the year.

´ÉiÉÇ¨ÉÉxÉ ÊxÉ´Éä¶É EòÉ ¨ÉÚ±ªÉÉÆEòxÉ xªÉÚxÉiÉ®ú ±ÉÉMÉiÉ B´ÉÆ ¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ* VÉ½þÉÆ ÊxÉ´Éä¶É ºÉÚSÉÒ¤Érù Eò®ú Ê±ÉªÉÉ MÉªÉÉ ½þÉä {É®úxiÉÖ ®únùÂnù Eò®ú ÊnùªÉÉ MÉªÉÉ ½þÉä +Éè®ú ¤ÉÉVÉÉ®ú EòÉä]õä¶ÉxÉ ={É±É¤vÉ xÉ ½þÉä iÉlÉÉ ÊxÉ´Éä¶É EòÉä ºÉÚSÉÒ ºÉä ÊxÉEòÉ±É ÊnùªÉÉ MÉªÉÉ ½þÉ,ä BäºÉÒ |ÉiªÉäEò EÆò{ÉxÉÒ ¨Éå ÊxÉ´Éä¶É EòÉ ¨ÉÚ±ªÉ `1 Ê±ÉªÉÉ MÉªÉÉ ½èþ*

Current Investments are valued at the lower of cost and market value.

Ê´É¶Éä¹É xªÉÉªÉÉ±ÉªÉ (|ÉÊiÉ¦ÉÚÊiÉ ±ÉäxÉnäùxÉ ºÉÆ¤ÉÆvÉ +{É®úÉvÉÉå EòÉ Ê´ÉSÉÉ®úhÉ) +ÊvÉÊxÉªÉ¨É, 1992 Eäò +ÆiÉMÉÇiÉ MÉÊ`ööiÉ Ê´É¶Éä¹É xªÉÉªÉÉ±ÉªÉ, ¨ÉÖ¨¤É<Ç Eäò +Énäù¶ÉÉxÉÖºÉÉ®ú, ¨Éä. ´ÉÒ.¤ÉÒ. näùºÉÉ<Ç JÉÉiÉÉ Eäò ÊxÉ{É]õÉxÉ ºÉä +ÌVÉiÉ ¶ÉäªÉ®úÉå Eäò ¨ÉÉ¨É±Éä ¨Éå <ºÉ |ÉEòÉ®ú +ÌVÉiÉ ¶ÉäªÉ®úÉå EòÒ ±ÉÉMÉiÉ EòÉä BäºÉä ÊxÉhÉÇªÉ ºÉä {ÉÚ´ÉÇ ¨Éä. ´ÉÒ.¤ÉÒ. näùºÉÉ<Ç ºÉä ¤ÉEòÉªÉÉ ÊxÉ´É±É ®úÉÊ¶É {É®ú Ê±ÉªÉÉ MÉªÉÉ ½èþ* <ºÉ ÊxÉ´Éä¶É EòÉää nùÒPÉÉÇ´ÉÊvÉ ÊxÉ´Éä¶É ¨ÉÉxÉÉ MÉªÉÉ ½èþ*

In the case of shares acquired in settlement of M/s V B Desai A/c pursuant to the Order of The Special Court, Mumbai, constituted under The Special Courts (Trial of Offences relating to Transactions in Securities) Act, 1992, the cost of acquisition of the Shares so acquired have been taken at the net amount due from M/s V B Desai, prior to such ruling. This investment has been considered as Long Term Investment.

1.8

Ê´É´ÉäEò{ÉÚhÉÇ ¨ÉÉxÉnÆùb÷

1.8 Prudential Norms

ªÉtÊ{É EÆò{ÉxÉÒ ÊEò®úÉªÉÉ JÉ®úÒnù ´ªÉ´ÉºÉÉªÉ xÉ½þÓ Eò®úiÉÒ, iÉlÉÉÊ{É, VÉ½þÉÆ Eò½þÓ |ÉªÉÉäVªÉ ½þÉ,ä +ÉªÉ +Ê¦ÉYÉÉxÉ, +ÉÎºiÉ ´ÉMÉÔEò®úhÉ B´ÉÆ |ÉÉ´ÉvÉÉxÉ ½äþiÉÖ MÉè®ú ¤ÉéËEòMÉ Ê´ÉkÉÒªÉ EÆò{ÉÊxÉªÉÉå ½äþiÉÖ Ê´É´ÉäEò{ÉÚhÉÇ ¨ÉÉxÉnÆùb÷ Eäò ºÉÆ¤ÉÆvÉ ¨Éå ¦ÉÉ®úiÉÒªÉ Ê®úVÉ´ÉÇ ¤ÉéEò uùÉ®úÉ VÉÉ®úÒ ÊxÉnæù¶ÉÉå EòÉ +xÉÖ{ÉÉ±ÉxÉ ÊEòªÉÉ MÉªÉÉ ½èþ* 1.9

Ê´ÉÊ´ÉvÉ näùxÉnùÉ®ú

Although the Company is not doing Hire Purchase and Leasing business yet the Directions issued by the Reserve Bank of India regarding prudential norms for Non-Banking Financial Companies for income recognition, asset classification and provisions have been followed, wherever found applicable. 1.9 Sundry Debtors

näùªÉ/|ÉÉ{ªÉ ®úÉÊ¶É ÊVÉºÉä ¨ÉSÉç]õ ¤ÉéËEòMÉ, ]Åõº]õÒÊ¶É{É +ÉÊnù Eäò EòÉ®úhÉ ´É¹ÉÇ EòÒ ºÉ¨ÉÉÎ{iÉ {É®ú +¦ÉÒ |ÉÉ{iÉ ½þÉxä ÉÉ ½èþ, EòÉä Ê´ÉÊ´ÉvÉ näùxÉnùÉ®ú JÉÉiÉä ¨Éå xÉÉ¨Éä b÷É±ÉiÉä ½ÖþB ºÉÆ¤ÉÆÊvÉiÉ +ÉªÉ/+ÉÎºiÉ JÉÉiÉÉå ¨Éå VÉ¨ÉÉ ÊEòªÉÉ VÉÉiÉÉ ½èþè* 1.10

In cases where Investments are listed but suspended and market quotations are not available and where investments are delisted, the value of the investment in each of such company has been taken at ` 1/-.

+xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ

Amount due/ receivable but yet to be received at the end of the year on of Merchant banking, trusteeship etc. are debited to Sundry Debtors and credited to respective income/ assets . 1.10 Provision for Non Performing Assets

ÊEò®úÉªÉÉ JÉ®úÒúnù, ±ÉÒVÉ +ÉÊnù ºÉä 12 ¨ÉÉ½þ ºÉä +ÊvÉEò ÊEòºiÉå näùªÉ ½þÉxä Éä Eäò ¨ÉÉ¨É±Éä ¨Éå +Éè®ú +ÆiÉ®ú EòÉ®ú{ÉÉä®úä]õ VÉ¨ÉÉ ºÉä 6 ¨ÉÉ½þ ºÉä +ÊvÉEò +´ÉÊvÉ ½äþiÉÖ ¤ªÉÉVÉ näùªÉ ®ú½þiÉÉ ½èþ iÉÉä +ÉÎºiÉ +xÉÖ{ÉªÉÉäVªÉ ¨ÉÉxÉÒ VÉÉiÉÒ ½éþ +Éè®ú JÉÉiÉÉå ¨Éå EòÉä<Ç +ÉªÉ xÉ½þÓ ¨ÉÉxÉÒ VÉÉiÉÒ ½éþ*

In case of Installments due for more than 12 months from Hire Purchase, Lease, etc and in case of interest remained due for more than 6 months from Inter Corporate Deposit, the asset is treated as Non Performing Assets and no income is considered in the s.

220


±ÉÉ¦É B´ÉÆ ½þÉÊxÉ JÉÉiÉä ¨Éå xÉÉ¨Éä b÷É±ÉEò®ú +xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½äþ* 1.11 +ÉÎºiÉªÉÉå EòÉ IÉÊ®úiÉ ½þÉxä ÉÉ

Provision for a Non-Performing Asset is made by debiting Profit & Loss .

ÊEòºÉÒ +ÉÎºiÉ EòÉä iÉ¤É IÉÊ®úiÉ ¨ÉÉxÉÉ VÉÉiÉÉ ½èþ VÉ¤É =ºÉ +ÉÎºiÉ EòÉä ®úJÉxÉä EòÒ ±ÉÉMÉiÉ ´ÉºÉÚ±ÉÒ ªÉÉäMªÉ ¨ÉÚ±ªÉ ºÉä +ÊvÉEò ½þÉä VÉÉiÉÒ ½èþ* ÊVÉºÉ ´É¹ÉÇ +ÉÎºiÉ EòÉä IÉÊ®úiÉ Eäò °ü{É ¨Éå +Ê¦ÉÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ =ºÉ ´É¹ÉÇ IÉÊ®úiÉ ½þÉÊxÉ EòÉä ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ ±ÉäJÉÉ ºÉä |É¦ÉÉÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* ªÉÊnù +xÉÖ¨ÉÉÊxÉiÉ ´ÉºÉÚ±ÉÒ ªÉÉäMªÉ ®úÉÊ¶É ¨Éå {ÉÊ®ú´ÉiÉÇxÉ ½þÉä MÉªÉÉ ½þÉä iÉÉä {ÉÚ´ÉÇ ±ÉäJÉÉ ´É¹ÉÇ +´ÉÊvÉ ¨Éå +Ê¦ÉYÉÉiÉ IÉÊ®úiÉ ½þÉÊxÉ EòÉä |ÉiªÉÉ´ÉÌiÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* 1.12 Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É

An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged to profit and loss in the year in which an asset is identified as impaired. The impairment loss recognized in prior ing periods is reversed if there has been a change in the estimate of recoverable amount.

´É¹ÉÇ ¨Éå ={ÉÊSÉiÉ Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É Eò¨ÉÇSÉÉÊ®úªÉÉå uùÉ®úÉ |ÉnùÉxÉ EòÒ MÉ<Ç ºÉä´ÉÉ ½äþiÉÖ ½éþ* ÊxÉvÉÉÇÊ®úiÉ +Æ¶ÉnùÉxÉ ªÉÉäVÉxÉÉ+Éå ªÉlÉÉ ¦ÉÊ´É¹ªÉ ÊxÉÊvÉ ¨Éå +Æ¶ÉnùÉxÉ EòÉ +Ê¦ÉYÉÉxÉ +Æ¶ÉnùÉxÉ näùxÉä {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Employee benefits accrued in the year are for services rendered by the employees. Contribution to defined contribution schemes such as Provident fund is recognized as and when incurred.

{ÉÊ®ú¦ÉÉÊ¹ÉiÉ ±ÉÉ¦É ªÉÉäVÉxÉÉ VÉèºÉä OÉäSªÉÖ]õÒ +Éè®ú UÖô^õÒ xÉEònùÒEò®úhÉ Eäò +ÆiÉMÉÇiÉ nùÒPÉÇ EòÉÊ±ÉEò Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É ¤ÉÒ¨ÉÉÆÊEòEò iÉEòxÉÒEò EòÉ |ÉªÉÉäMÉ Eò®úEòä näùªÉ ®úÉÊ¶É Eäò ´ÉiÉÇ¨ÉÉxÉ ¨ÉÚ±ªÉ {É®ú ´É¹ÉÇ EòÒ ºÉ¨ÉÉÎ{iÉ {É®ú ÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Long term employee benefits under defined benefits scheme such as gratuity and leave encashment are determined at close of the year at present value of the amount payable using actuarial techniques.

1.13

+ÉªÉ {É®ú Eò®ú

1.12 Employee Benefits

1.13 Taxes on Income

SÉÉ±ÉÚ +Éè®ú +ÉºlÉÊMÉiÉ Eò®ú nùÉxä ÉÉå ½äþiÉÖ Eò®ú EòÉ |ÉÉ´ÉvÉÉxÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* SÉÉ±ÉÚ Eò®ú EòÉ |ÉÉ´ÉvÉÉxÉ |ÉªÉÉäVªÉ Eò®ú nù®úÉå +Éè®ú Eò®ú EòÉxÉÚxÉÉå EòÉ |ÉªÉÉäMÉ Eò®úiÉä ½ÖþB Eò®úªÉÉäMªÉ +ÉªÉ {É®ú ÊEòªÉÉ VÉÉiÉÉ ½èþ* ºÉ¨ÉªÉ ¨Éå +ÆiÉ®ú Eäò EòÉ®úhÉ =i{ÉzÉ +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉÆ +Éè®ú näùªÉiÉÉBÆ, ÊVÉx½åþ {É®ú´ÉiÉÔ +´ÉÊvÉ ¨Éå |ÉiªÉÉ´ÉÌiÉiÉ ÊEòªÉÉ VÉÉ ºÉEòiÉÉ ½èþ, EòÉ +Ê¦ÉYÉÉxÉ +ÊvÉÊxÉªÉÊ¨ÉiÉ ªÉÉ Ê´É¶Éä¹É °ü{É ¨Éä +ÊvÉÊxÉªÉÊ¨ÉiÉ Eò®ú nù®úÉå +Éè®ú Eò®ú EòÉxÉÚxÉÉå EòÉ |ÉªÉÉäMÉ Eò®úiÉä ½ÖþB ÊEòªÉÉ VÉÉiÉÉ ½èþ* +ÉºlÉÊMÉiÉ Eò®ú EòÉä iÉ¤É iÉEò +Ê¦ÉYÉÉiÉ xÉ½þÓ ÊEòªÉÉ VÉÉiÉÉ VÉ¤É iÉEò ¦ÉÉ´ÉÒ ´É¹ÉÉç ¨Éå <ºÉEäò |ÉiªÉÉ´ÉiÉÇxÉ Eäò ºÉÆ¤ÉÆvÉ ¨Éå {ÉªÉÉÇ{iÉ +É·ÉÉºÉxÉ xÉ ½þÉ*ä 1.14

1.11 Impairment of Assets

|ÉÉ´ÉvÉÉxÉ, +ÉEòÎº¨ÉEòiÉÉBÆ +Éè®ú +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉÆ

Provision for tax is made for both current and deferred tax. Current Tax is provided on the taxable income using the applicable tax rates and tax laws. Deferred tax assets and liabilities arising on of timing difference which are capable of reversal in subsequent periods are recognized using tax rates and tax laws which have been enacted or substantively enacted. Deferred tax assets are not recognized unless there is sufficient assurance with respect to the reversal of the same in the future years. 1.14 Provisions , Contingencies and Contingent Assets

¨ÉÉ{ÉxÉ ¨Éå {ÉªÉÉÇ{iÉ °ü{É ºÉä ÊEòB MÉB |ÉÉCEò±ÉxÉ ´ÉÉ±Éä |ÉÉ´ÉvÉÉxÉÉå EòÉä iÉ¤É +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ VÉ¤É Ê{ÉUô±ÉÒ ÊEòºÉÒ PÉ]õxÉÉ Eäò Ê±ÉB ´ÉiÉÇ¨ÉÉxÉ ¨Éå näùªÉiÉÉ ¤ÉxÉiÉÒ ½þÉä +Éè®ú <ºÉ ¤ÉÉiÉ EòÒ ºÉÆ¦ÉÉ´ÉxÉÉ ½þÉä ÊEò ºÉÆºÉÉvÉxÉÉå EòÉ ¤ÉÊ½þMÉÇ¨ÉxÉ ½þÉMä ÉÉ iÉlÉÉ näùªÉiÉÉ EòÒ ®úÉÊ¶É Eäò ºÉÆ¤ÉÆvÉ ¨Éå BEò Ê´É·ÉºÉxÉÒªÉ +xÉÖ¨ÉÉxÉ ±ÉMÉÉªÉÉ VÉÉ ºÉEòiÉÉ ½èþ* +ÉEòÎº¨ÉEò +ÉÎºiÉªÉÉå EòÉä Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå ¨Éå xÉ iÉÉä +Ê¦ÉYÉÉiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ +Éè®ú xÉ ½þÒ |ÉEò]õ ÊEòªÉÉ VÉÉiÉÉ ½èþ* +ÉEòÎº¨ÉEò näùªÉiÉÉ+Éå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ xÉ½þÓ ÊEòªÉÉ VÉÉiÉÉ +Éè®ú =x½åþ Ê]õ{{ÉÊhÉªÉÉå Eäò °ü{É ¨Éå |ÉEò]õ ÊEòªÉÉ VÉÉiÉÉ ½èþ*

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources and a reliable estimate can be made of the amount of the obligation. Contingent Assets are neither recognized nor disclosed in the financial statement . Contingent Liabilities are not provided for and are disclosed by way of notes.

221


xÉÉä]õ/NOTE 2 Ê´ÉkÉÒªÉ Ê´É´É®úÊhÉªÉÉå {É®ú Ê]õ{{ÉÊhÉªÉÉÆ/Notes on Financial Statements ¶ÉäªÉ®ú {ÉÚVÆ ÉÒ / Share Capital Ê´É´É®úhÉ / Particulars 2.1:

ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14 (in `)

(in `)

150,000,000

150,000,000

150,000,000

150,000,000

150,000,000

150,000,000

|ÉÉÊvÉEÞòiÉ {ÉÚVÆ ÉÒ:/Authorized shares : `100/- |ÉiªÉäEò Eäò 15,00,000 <ÎC´É]õÒ ¶ÉäªÉ®ú/ [`100/- |ÉiªÉäEò Eäò 15,00,000 <ÎC´É]õÒ ¶ÉäªÉ®ú(31¨ÉÉSÉÇ 2014)] 15,00,000 Equity shares of ` 100/- each [(March 31, 2014)15,00,000 Equity shares of ` 100/- each] VÉÉ®úÒ, +Ê¦ÉnùkÉ B´ÉÆ |ÉnùkÉ ¶ÉäªÉ®ú:/Issued, subscribed and paid-up shares: `100/- |ÉiªÉäEò Eäò 15,00,000 <ÎC´É]õÒ ¶ÉäªÉ®ú [`100/- |ÉiªÉäEò Eäò 15,00,000 <ÎC´É]õÒ ¶ÉäªÉ®ú(31¨ÉÉSÉÇ

2014)]

15,00,000 Equity shares of Rs 100/- each [(March 31, 2014)15,00,000 Equity shares of ` 100/- each] (B/a) :

¤ÉEòÉªÉÉ ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ EòÉ ºÉ¨ÉÉvÉÉxÉ/Reconciliation of the number of shares outstanding Ê´É´É®úhÉ / Particulars ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14 +´ÉÊvÉ Eäò +É®Æú¦É ¨Éå ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ/Number of shares at the begining of the period 1,500,000 1,500,000 +´ÉÊvÉ Eäò nùÉ®è úÉxÉ VÉÉ®úÒ ¶ÉäªÉ®ú/Shares issued during the period +´ÉÊvÉ Eäò +ÆiÉ ¨Éå ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ/Number of shares at the end of the period 1,500,000 1,500,000 (¤ÉÒ) : EÆò{ÉxÉÒ ¨Éå 5% ºÉä +ÊvÉEò ¶ÉäªÉ®úvÉÉÊ®úiÉ Eò®úxÉä ´ÉÉ±Éä |ÉiªÉäEò ¶ÉäªÉ®úvÉÉ®úEòÉå Eäò ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ (b) :Shares in the company held by each shareholder holding more than 5%

Ê´É´É®úhÉ

ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15

/ Particulars

¶ÉäªÉ®vÉÉ®úEò EòÉ xÉÉ¨É

ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14

vÉÉÊ®iÉ ¶ÉäªÉ®úÉå EòÉ ºÉÆJªÉÉ

vÉÉÊ®úiÉÉ EòÉ%

No. of Shares held

% of Holding

No. of Shares held

% % of Holding

1499994

99.99

1499994

99.99

Name of Shareholder

<±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò/Allahabad Bank

vÉÉÊ®iÉ ¶ÉäªÉ®úÉå EòÉ ºÉÆJªÉÉ vÉÉÊ®úiÉÉ EòÉ

|ÉÉ®úÊIÉÊiÉªÉÉÆ B´ÉÆ +ÊvÉ¶Éä¹É/Reserves and Surplus Ê´É´É®úhÉ / Particulars ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ/Mar-15

ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ/Mar-14

(in `) -

(in `) -

853,411 853,411 -

853,411 853,411 -

424,986,510

388,002,692

327,989 23,041,357 447,699,878 448,553,289

36,983,818 424,986,510 425,839,921

2.2 :

{ÉÚVÆ ÉÒMÉiÉ |ÉÉ®úÊIÉÊiÉªÉÉÆ/Capital reserve ºÉÉ¨ÉÉxªÉ |ÉÉ®úÊIÉÊiÉªÉÉÆ/General reserve Ê{ÉUô±Éä Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò +xÉÖºÉÉ®ú ¶Éä¹É Balance as per the last financial statements

¶ÉäªÉ®ú |ÉÒÊ¨ÉªÉ¨É JÉÉiÉÉ/Share +ÊvÉ¶Éä¹É/Surplus Ê{ÉUô±Éä Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå Eäò +xÉÖºÉÉ®ú ¶Éä¹É/ Balance as per the last financial statements

PÉ]õÉBÆ: EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 Eäò +xÉÖºÉÉ®ú +SÉ±É +ÉÎºiÉªÉÉå Eäò ¨ÉÚ±ªÉ¿ÉºÉ EòÉ +ÆiÉ®ú / Less Diff in Deprn on Fixed Assets as per Companies Act, 2013 VÉÉäc÷å: +´ÉÊvÉ ½äþiÉÖ ±ÉÉ¦É/Add: Profit for the period Ê´ÉÊxÉªÉÉäVÉxÉ ½äþiÉÖ ={É±É¤vÉ ®úÉÊ¶É/Amount available for appropriation EÖò±É |ÉÉ®úÊIÉÊiÉªÉÉÆ B´ÉÆ +ÊvÉ¶Éä¹É/Total reserves and surplus

222


+ÉºlÉÊMÉiÉ Eò®ú /Deferred taxes Ê´É´É®úhÉ/Particulars

2.3 :

ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ /Mar-14 (`)

(`)

ºÉEò±É +ÉºlÉÊMÉiÉ Eò®ú näùªÉiÉÉBÆ/Gross deferred tax liabilities Ê´ÉkÉÒªÉ Ê´É´É®úhÉÉå B´ÉÆ +ÉªÉEò®ú Ê´É´É®úhÉÉå ¨Éå ÎºlÉ®ú +ÉÎºiÉªÉÉå EòÒ ®JÉÉ´É ®úÉÊ¶É Eäò ¤ÉÒSÉ +ÆiÉ®ú EòÉ Eò®ú {É®ú |É¦ÉÉ´É Tax impact of difference between carrying amount of fixed assets in the financial statements and the income tax return

-

-

-

-

BxÉ{ÉÒB B´ÉÆ ºÉÆÊnùMvÉ @ñhÉÉå {É®ú |ÉÉ´ÉvÉÉxÉ EòÉ Eò®ú {É®ú |É¦ÉÉ´É Tax impact on of provison on NPA and doubtful debts ºÉEò±É +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉÆ/Gross deferred tax assets ÊxÉ´É±É +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉÆ/(näùªÉiÉÉBÆ)/Net deferred tax asset / (liabilities)

nùÒPÉÉÇ´ÉÊvÉ |ÉÉ´ÉvÉÉxÉ/Long term provisions Ê´É´É®úhÉ/Particulars

2.4 :

ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14 (`)

(`)

Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ/Provision for employee benefits OÉäSªÉÖÊ]õ/Gratuity 548,999 UÖô^õÒ xÉEònùÒEò®úhÉ/ Leave encashment 153,696 |ÉÉ´ÉvÉÉxÉ - ¤ªÉÉVÉ ºÉÊ½þiÉ OÉäSªÉÚÊ]-{ÉÚ´ÉÇ Eò¨ÉÇSÉÉ®úÒ/

702,695

502,022 114,560

Provision- Gratuity inclu. Interest - Ex-employee

211,751

198,684

500,000

600,000

1,414,446

1,415,266

+xÉÖ{ÉªÉÉäVªÉ +ÉÎºiÉªÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ ({ÉÚ´ÉÇ BxÉ¤ÉÒB¡òºÉÒ ´ªÉ´ÉºÉÉªÉ EòÒ ±ÉÒVÉ +ÉÎºiÉªÉÉÆ)/ Provision for Non Performing Assets (Lease Assets of erstwhile NBFC business)

´ªÉÉ{ÉÉ®ú ºÉÆnùä ªÉ/Trade payables Ê´É´É®úhÉ/Particulars

2.5 :

ªÉlÉÉÎºlÉÊiÉ/

As at 31-¨ÉÉSÉÇ/Mar-15

´ªÉÉ{ÉÉ®ú ºÉÆnùä ªÉ/Trade payable ºÉä´ÉÉ+Éå ½äþiÉÖ ±ÉäxÉnùÉ®ú/Creditors for services +xªÉ SÉÉ±ÉÚ näùªÉiÉÉBÆ/Other current liabilities Ê´É´É®úhÉ/Particulars

ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ/Mar-14

(`)

(`)

329,163 329,163

3,242,308 3,242,308

2.6 :

ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14

C±ÉÉ<Æ]õ ºÉä +ÊOÉ¨É/Advance from clients ºÉä´ÉÉ Eò®ú näùªÉiÉÉ/Service Tax Liability +xªÉ (B¤ÉÒBxÉB±É ¶ÉäªÉ®úÉå ºÉä ±ÉÉ¦ÉÉÆ¶É)/Others (Dividend from ABNL shares) 2.7

(`)

(`)

1,506,647

887,809

379

44,805

-

1,707,889

1,507,026

2,640,503

+±{ÉÉ´ÉÊvÉ |ÉÉ´ÉvÉÉxÉ/Short term provisions

Ê´É´É®úhÉ/Particulars

ªÉlÉÉÎºlÉÊiÉ/ As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14 (`)

(`)

15,110

13,301

13,696

11,362

50,894,414

40,153,944

50,923,220

51,000 40,229,607

Eò¨ÉÇSÉÉ®úÒ Ê½þiÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ - OÉäSªÉÖÊ] õ/ Provision for employee benefits - Gratuity

Eò¨ÉÇSÉÉ®úÒ Ê½þiÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ - UÖô^õÒ xÉEònùÒEò®úhÉ / Provision for employee benefits - Leave Encashment

+xªÉ - +ÉªÉEò®ú ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Others - Provision for Income Tax +xªÉ-+xÉÖ¹ÉÆMÉÒ ±ÉÉ¦É Eò®ú ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Others - Provision for Fringe Benefit Tax 223

224

AS AT 01-04-14

Total Own Assets

EÖò±É º´ÉvÉÉÊ®úiÉ +ÉÎºiÉªÉÉÆ 173,959

43,150

56,750

Total Intangible Assets

2,725,458

43150

EÖò±É +¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ

56750

ADDITION

{ÉÊ®ú´ÉvÉÇxÉ

Ê¤ÉGòÒ /ºÉ¨ÉÉªÉÉäVÉxÉ

GROSS BLOCK

640,503

100,000

-

100,000

363,725 116,205 540,503

60,573

SALES/ ADJUSTMENT

566,803

-

26,300

26300

SALES/ADJUSTMENT

ºÉEò±É ¤±ÉÉEò

130,809

130,809

87,065

43,744

ADDITION

Ê¤ÉGòÒ /ºÉ¨ÉÉªÉÉäVÉxÉ

GROSS BLOCK

{ÉÊ®ú´ÉvÉÇxÉ

Computer Software

EÆò{ªÉÚ]õ®ú ºÉÉì}]´ÉäõªÉ®ú

ªÉlÉÉÎºlÉÊiÉ

PARTICULARS

/INTANGIBLE ASSETS

3,268,708

600,000

-

600,000

1,504,291 595,043 2,668,708

Ê´É´É®úhÉ

+¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ

Total Tangible Assets

EÖò±É ¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ

Office Equipment ¨ÉÉä]õ®úò´ÉÉ½þxÉ/Motor Vehicles EÖò±É /T O T A L >>>

EòÉªÉÉÇ±ÉªÉ ={ÉEò®úhÉ

Furniture & Fixture

¡òxÉÔSÉ®ú B´ÉÆ Ê¡òCºSÉ®ú

Plant & Machinery

ºÉÆªÉÆjÉõ B´ÉÆ ¨É¶ÉÒxÉ®úÒ

(B) Assets given on lease

(¤ÉÒ) ±ÉÒVÉ {É®ú |ÉnùkÉ +ÉÎºiÉªÉÉÆ

Office Equipment ¨ÉÉä]õ®úò´ÉÉ½þxÉ/Motor Vehicles EÖò±É /T O T A L >>>

EòÉªÉÉÇ±ÉªÉ ={ÉEò®úhÉ

Furniture & Fixture

¡òxÉÔSÉ®ú B´ÉÆ Ê¡òCºSÉ®ú

(A) Assets other than on lease

569,374

AS AT 01-04-14

PARTICULARS

(B) ±ÉÒVÉ Eäò +ÊiÉÊ®úHò +xªÉ +ÉÎºiÉªÉÉÆ


Ê´É´É®úhÉ

ºÉEò±É ¤±ÉÉEò

/ALLBANK FINANCE LIMITED

¨ÉÚiÉÇ +ÉÎºiÉªÉÉÆ / TANGIBLE ASSETS

+Éì±É¤ÉéEò ¡òÉ<xÉèxºÉ Ê±ÉÊ¨É]äõb÷

2,332,614

73,600

73,600

TOTAL AS AT 31-3-2015

EÖò±É ªÉlÉÉÎºlÉÊiÉ

2,759,014

500,000

-

500,000

1,227,631 478,838 2,259,014

552,545



1,935,173

54,440

54440

AS AT 01-04-14


1,880,733

-

-

-

1,245,099 255,697 1,880,733

379,937

AS AT 01-04-14


¨ÉÚ±ªÉ¿ÉºÉ

201,357

12,666

12666

FOR THE YEAR

´É¹ÉÇ ½äþiÉÖ

¨ÉÚ±ªÉ¿ÉºÉ

188,691

-

-

-

84,773 74,380 188,691

29,538

FOR THE YEAR

´É¹ÉÇ ½äþiÉÖ

238,811

-

26,300

26300

ADJUSTMENT

ºÉ¨ÉÉªÉÉäVÉxÉ

DEPRECIATION

212,511

-

-

-

212,511 212,511

-

ADJUSTMENT

1,897,719

40,806

40,806



1,856,913

-

-

-

1,117,361 330,077 1,856,913

409,475


ºÉ¨ÉÉªÉÉäVÉxÉ EÖò±É ªÉlÉÉÎºlÉÊiÉ

DEPRECIATION

434,895

32,794

32,794

AS AT 31-03-15


ÊxÉ´É±É ¤±ÉÉEò

902,101

500,000

-

500,000

110,270 148,761 402,101

143,070

AS AT 31-03-15


803,001

15,026

15026

AS AT 31-03-14


NET BLOCK

1,387,975

600,000

-

600,000

196,699 395,875 787,975

209,261

AS AT 31-03-14


ÊxÉ´É±É ¤±ÉÉEò <-NET BLOCK ->

xÉÉä]õ/Note: 2.8.


xÉÉä]õ/NOTE 2.9: MÉè®ú-SÉÉ±ÉÚ ÊxÉ´Éä¶É/NON-CURRENT INVESTMENTS A. +xÉEòÉä]õb ä ÷

/

Unquoted

<ÊC´É]õÒ ¶ÉäªÉ®ú/Equity Shares Ê´É´É®úhÉ/Particulars



As at 31.03.2015

As at 31.03.2014

ºÉÆJªÉÉ/

¤É½þÒ ¨ÉÚ±ªÉ

¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ

ºÉÆJªÉÉ/



Number

Book Value (`)

Market Value (`)

Number

Book Value (`)

Market Value (`)

50

1,538

1

50

1,538

1

10,000

851,900

1

10,000

851,900

1

106,000

2,507,960

1

106,000

2,507,960

1

40,000

757,200

1

40,000

757,200

1

28,000

795,200

1

28,000

795,200

1

25,000

1,017,500

1

25,000

1,017,500

1

126,000

4,181,006

1

126,000

4,181,006

1

1,400

Bonus

1,400

Bonus

6,400

64,000

1

6,400

64,000

1

6,500,000

6,500,000

1

6,500,000

6,500,000

1

380,923

3,809,230

1

380,923

3,809,230

1

48,600

1,944,000

1

48,600

1,944,000

1

119,700

1,197,000

1

119,700

1,197,000

1

85,500

2,992,500

1

85,500

2,992,500

1

Ênù´ªÉÉ EäòÊ¨ÉEò±ºÉ Ê±É. Divya Chemicals Ltd

]äõEò]Åõä Eò <ÆÊb÷ªÉÉ Ê±É. ({ÉÚ´ÉÇ ¨Éå ÊxÉ¨ÉÇ±É ¨Éä]õ±É ¡èòÊ¥ÉEäò]õºÉÇ Ê±É. Eäò xÉÉ¨É ºÉä YÉÉiÉ) Techtreck India Ltd (Formerly known as Nirmal Metal Fabricators Ltd)

xªÉÚ ºÉäSÆ ÉÖ®úÒ ±ÉÒÊVÉÆMÉ BÆb÷ <x´Éäº]õ¨Éå]õÂºÉõ Ê±É. New Century Leasing and Investments Ltd

xªÉÚ <®úÉ +¤ÉÇxÉ BÊ¨ÉÊxÉ]õÒVÉÂ Ê±É. New Era Urban Amenities LTd

®úÒVÉä]Æ õ EèòÊ¨ÉEò±ºÉ Ê±É. Regent Chemicals Ltd

MÉÖVÉ®úÉiÉ Ê¡ò±ÉÉ¨Éä]Æ õÂºÉ Ê±É. Gujarat Filaments Ltd

ºÉÉä±É®ú Ê¤ÉºÉÒ¡òÉ¨ÉÂºÇ É Ê±É. Solar Busiforms Ltd

xÉä´ÉÉºÉ Îº{ÉËxÉMÉ Ê¨É±ºÉ Ê±É. Newas Spinning Mills Ltd

¤ÉÒºÉÒB±É ¡òÉ<xÉåÊ¶ÉªÉ±É ºÉÌ´ÉºÉäVÉ Ê±É. BCL Financial Services Ltd

nùÒ´ÉÉxÉ ¶ÉÖMÉºÉÇ Ê±É. Dewan Sugars Ltd

½þ®ú|ÉiÉÉ{É º]õÒ±É Ê±É. Harpartap Steel Ltd

¨ÉÉ±ÉÊ´ÉEòÉ º]õÒ±ºÉ Ê±É. Malavika Steels Ltd

¨ÉÉèÊ±ÉEò ¡òÉ<xÉéºÉ BÆb÷ Ê®úVÉÉ]Çõ Ê±É. Moulik Finance and Resorts Ltd

Ê´ÉGò¨É |ÉÉäVÉäC]õºÉ Ê±É. Vikram Projects Ltd

225



ªÉlÉÉÎºlÉÊiÉ ºÉÆJªÉÉ/


As at 31.03.2015

As at 31.03.2014



ºÉÆJªÉÉ/



Number

Book Value (`)

Market Value (`)

Number

Book Value (`)

Market Value (`)

58,300

874,500

1

58,300

874,500

1

Ê®úiÉä¶É {ÉÉÊ±ÉBº]õºÉÇ Ê±É. Ritesh Polyesters Ltd

EòË±ÉMÉ ºÉÒ¨Éäx]ÂõºÉ Ê±É./ Kalinga Cements Ltd

150,000

1,500,000

1

150,000

1,500,000

1

7,685,873

28,993,534

15

7,685,873

28,993,534

15

PÉ]õÉBÆ: ÊxÉ´Éä¶É Eäò ¨ÉÚ±ªÉ ¨Éå ¿ÉºÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ Less: Provision for diminution in value of investments

EÖò±É

/Total

28,993,519 7,685,873

Êb÷¤ÉåSÉ®ú/Debentures

15

28,993,519 15

7,685,873


15


As at 31.03.2015


15

As at 31.03.2014

ºÉÆJªÉÉ/



ºÉÆJªÉÉ/



Number

Book Value(`)

Market Value(`)

Number

Book Value(`)

Market Value(`)

-

-

NA

30

30,000,000

NA

100

10,000,000

10,050,000

100

10,000,000

NA

80

8,000,000

8,060,000

140

14,000,000

NA

180

18,000,000

18,110,000

270

54,000,000

18,000,015

18,110,015

Ê®ú±ÉÉªÉxºÉ EèòÊ{É]õ±É Reliance Capital

¸ÉÒ®úÉ¨É ]ÅõÉºÆ É{ÉÉä]õÇ Shriram Transport

{É]äõ±É <ÆVÉÒÊxÉªÉË®úMÉ Patel Engineering

EÖò±É /Total +xÉEòÉä]õäb ÊxÉ´Éä¶É EòÉ EÖò±É ¨ÉÚ±ªÉ/ Total Value of Unquoted investments

54,000,015

¤ÉÒú/B. EòÉä]õäb÷ /Quoted <ÎC´É]õÒ ¶ÉäªÉ®ú/Equity Shares Ê´É´É®úhÉ/Particulars



As at 31.03.2015

As at 31.03.2014

ºÉÆJªÉÉ/



ºÉÆJªÉÉ/



Number

Book Value(`)

Market Value(`)

Number

Book Value(`)

Market Value(`)

-

-

-

25

250

1

2,290

130,049

341,439

2,290

130,049

247,549

NHPC Ltd

50,000

1,687,575

995,000

50,000

1,687,575

995,000

EÖò±É /Total PÉ]õÉBÆ: ÊxÉ´Éä¶É Eäò ¨ÉÚ±ªÉ ¨Éå ¿ÉºÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ

52,290

1,817,624

1,336,439

52,315

1,817,874

1,242,550

VÉÖ+É®úÒ BOÉÉä Ê±É. Zuari Agro Limited

]õÉ]õÉ M±ÉÉä¤É±É ¤Éä´É®äúVÉäVÉ Ê±É. Tata Global Beverages Ltd

BxÉBSÉ{ÉÒºÉÒ Ê±É.

Less: Provision for diminution in value of investments

EÖò±É

/Total

767,575 52,290

1,050,049

226

767,575 1,336,439

52,315

1,050,299

1,242,550


¤ÉÆvÉ{ÉjÉ/Bonds



As at 31.03.2015

As at 31.03.2014

ºÉÆJªÉÉ/



ºÉÆJªÉÉ/



Number

Book Value (`)

Market Value (`)

Number

Book Value (`)

Market Value (`)

IRFC

-

-

-

500

50,000,000

50,104,342

EÖò±É/Total

-

-

-

500

50,000,000

50,104,342

+É<Ç+É®úB¡òºÉÒ

31 ¨ÉÉSÉÇ 2014 EòÉä ªÉlÉÉÎºlÉÊiÉ/

31 ¨ÉÉSÉÇ 2015 EòÉä ªÉlÉÉÎºlÉÊiÉ/

¨ªÉÚSÉÖ+±É ¡Æòb÷/Mutual Funds ÊxÉ´Éä¶É ÊiÉÊlÉ ¡Æòb÷ ªÉÉäVÉxÉÉ EòÉ xÉÉ¨É

Ê´ÉEò±{É


¤ÉÉVÉÉ® ¨ÉÚ±ªÉ


¤ÉÉVÉÉ® ú ¨ÉÚ±ªÉ

Investment

Option

Book

Market

Book

Market

Value(`) (`)

Value(`) (`)

Value(`) (`)

Value(`) (`)

-

-

25,500,000

27,006,150

-

-

41,500,000

43,285,055

-

-

10,000,000

10,956,881

-

-

65,300,000

67,767,388

-

-

4,500,000

4,951,395

10,000,000

11,332,400

-

-

146,800,000

153,966,869

Fund

Date

Scheme Name

EòÉä]õEò B¨ÉB¡ò

®äúMÉÖ±É®ú ¤ÉÉÆb÷ {±ÉÉxÉ

OÉÉälÉ

9/7/2012

Kotak MF

Regular Bond Plan

Growth

BºÉ¤ÉÒ+É<Ç B¨ÉB¡ò

b÷÷É<xÉÉÊ¨ÉEò ¤ÉÉÆb÷ ¡Æòb÷

OÉÉälÉ

10/7/2012

SBI MF

Dynamic Bond Fund

Growth

Ê®ú±ÉÉªÉÆºÉ B¨ÉB¡ò

b÷÷É<xÉÉÊ¨ÉEò ¤ÉÉÆb÷ ¡Æòb÷

OÉÉälÉ

10/10/2012

Reliance MF

Dynamic Bond Fund

Growth

+É<Çb÷ÒB¡òºÉÒ B¨ÉB¡ò b÷÷É<xÉÉÊ¨ÉEò ¤ÉÉÆb÷ ¡Æòb÷

OÉÉälÉ

14/2/2013

IDFC MF

Growth

Dynamic Bond Fund

+É<Çb÷ÒB¡òºÉÒ B¨ÉB¡ò B¡òB¨É{ÉÒ ºÉÒ®úÒVÉ 11 5/3/2013

12/11/2013

OÉÉälÉ

IDFC MF

FMP Series 11

BSÉb÷ÒB¡òºÉÒ B¨ÉB¡ò

B¡òB¨É{ÉÒ

HDFC MF

FMP 554D Nov 13 Dir.

554

xÉ´ÉÆ.

Growth

13

As at 31st March 2014

As at 31st March 2015

b÷ÉªÉ.÷

OÉÉälÉ Growth

MÉè®ú SÉÉ±ÉÚ ÊxÉ´Éä¶É EòÉ EÖò±É ¨ÉÚ±ªÉ (EòÉä]õäb÷)/ Total Value of Non Current Investments (Quoted)

11,050,049

197,850,299

29,050,064

251,850,314

MÉè®ú SÉÉ±ÉÚ ÊxÉ´Éä¶É EòÉ EÖò±É ¨ÉÚ±ªÉ (EòÉä]õäb÷ B´ÉÆ +xÉEòÉä]õäb÷)/ Total Value of Non Current Investments (Quoted & Unquoted)

2.10 : nùÒPÉÉÇ´ÉÊvÉ

@ñhÉ B´ÉÆ +ÊOÉ¨É/Long Term Loans & Advances


ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-15 ªÉlÉÉÎºlÉÊiÉ/As at 31-¨ÉÉSÉÇ/Mar-14 (`)

(`)

58,500

47,500

193,765

173,233

252,265

220,733

(|ÉÊiÉ¦ÉÚiÉ B´ÉÆ +SUäô ¨ÉÉxÉä MÉB)(Secured and considered good) VÉ¨ÉÉ®úÉÊ¶É/Deposits Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä +ÊOÉ¨É, ¤ªÉÉVÉ ºÉÊ½þiÉ/Conveyance loan of ex-employees including interest

227

228

L & T Infrastructure

B±É BÆb÷ ]õÒ <Æ£òÉº]ÅõCSÉ®

Central Bank of India

ºÉå]õÅ±É ¤ÉéEò +Éì¡ò <ÆÊb÷ªÉÉ

EÖò±É SÉÉ±ÉÚ ÊxÉ´Éä¶É / Total Current Investmets

10/3/2015

+ÉÆwÉ ¤ÉéEò / Andhra Bank 25/3/2015 EòÉì®ú{ÉÉä®úä¶ÉxÉ ¤ÉéEò/Corporation Bank

16/2/2015

Particulars

Ê´É´É®úhÉ

47,619,650

330,726,728

144,340,500

144,340,500 318,993,500

49,041,450

49,041,450

47,679,400

8.70%

47,619,650

Market value (`)

Book value (`)

-

-

¤É½þÒ ¨ÉÚ±ªÉ (`) `) Book value (`

¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ (`)

50,380,000

50,380,000

Market value (` `)

¤ÉÉVÉÉ® ¨ÉÚ±ªÉ

-

-

-

¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ (`) Market value (` `)

-

175,709,793

7,000,000

50,257,000

50,530,500

10,400,700

18,374,799

28,864,966

10,281,828

(`)

Market Value

ªÉlÉÉÎºlÉÊiÉ/As at 31st ¨ÉÉSÉÇú/March 2014

¤É½þÒ ¨ÉÚ±ªÉ (`)

50,000,000

50,000,000

Book value (` `)

¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ (`)

47,679,400

9.50%

Interest

¤É½þÒ ¨ÉÚ±ªÉ (`)

173,874,799

124,653,000 136,006,228

7,000,000

50,000,000

50,000,000

10,000,000

-

7,649,670

54,870,000

55,290,000

-

18,374,799

28,500,000

10,000,000

(`)

Cost Value

±ÉÉMÉiÉ ¨ÉÚ±ªÉ


18,196,558

17,653,000

7,000,000

50,000,000

50,000,000

-

-

-

-

(`)

(`)

¤ÉÉVÉÉ® ¨ÉÚ±ªÉ Market Value

±ÉÉMÉiÉ ¨ÉÚ±ªÉ Cost Value

ªÉlÉÉÎºlÉÊiÉ/ As at 31st ÊnùºÉ¨¤É®ú/December 2015

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Growth

OÉÉälÉ

Option

Ê´ÉEò±{É


8.50%

8.90%

20

|ÉÒÊ¨ÉªÉ®ú Ê±ÉÎC´Éb÷ ¡Æòb÷ Premier Liquid Fund

SBI MF

FMP Series 73 - 376 Days Plan Q

ICICI MF


FMP 384D March 2014(1)

B¡òB¨É{ÉÒ ºÉÒ®úÒVÉ 73-376 ÊnùxÉ {±ÉÉxÉ CªÉÚ

HDFC MF

+É<ÇºÉÒ+É<ÇºÉÒ+É<Ç B¨ÉB¡ò

FMP Series 73 - 407 Days

B¡òB¨É{ÉÒ 384 b÷Ò ¨ÉÉSÉÇ 2014 (1)

ICICI MF


FMP 554d November 13 Dir

B¡òB¨É{ÉÒ ºÉÒ®úÒVÉ 73-407 ÊnùxÉ

HDFC MF

B¡òB¨É{ÉÒ 554b÷Ò xÉ´ÉÆ¤É®ú 13 b÷Ò+É<Ç+É®ú

+É<ÇºÉÒ+É<ÇºÉÒ+É<Ç B¨ÉB¡ò

Income Plus

Birla MF


Magnum Income

<xÉEò¨É {±ÉºÉ

SBI MF

Ê¤É®ú±ÉÉ B¨ÉB¡ò

¨ÉèMxÉ¨É <xÉEò¨É

VÉ¨ÉÉ |É¨ÉÉhÉ{ÉjÉ / Certificate of Deposit :

EÖò±É/Total

26/9/2014

Particulars

¤ÉÉÄb / Bonds Ê´É´É®úhÉ

31/12/2014

27/3/2014

20/3/2014

5/3/2014

12/11/2013

29/4/2013

23/4/2013

Bond Fund

UTI MF


¤ÉÉÆb÷ ¡Æòb÷

ªÉÚ]õÒ+É<Ç B¨ÉB¡ò

15/4/2013

Scheme Name

Fund

Investment Date

ªÉÉäVÉxÉÉ EòÉ xÉÉ¨É

¡Æòb

ÊxÉ´Éä¶É ÊiÉÊlÉ

+Éì±É¤ÉéEò ¡òÉ<xÉèxºÉ Ê±ÉÊ¨É]äõb÷/ALLBANK FINANCE LIMITED xÉÉä]õ÷/Note 2.11 SÉÉ±ÉÚ ÊxÉ´Éä¶É/Current Investments


]Åõäb÷ |ÉÉ{ªÉ ®úÉÊ¶ÉªÉÉÆ/Trade receivables Ê´É´É®úhÉ/Particulars

2.12 :

ªÉlÉÉÎºlÉÊiÉ/As at 31¨ÉÉSÉÇ/Mar15


(`)

(`)

1,032,227 1,032,227

2,759,855 2,759,855

2,191,506 2,191,506 2,191,506 3,223,733

1,147,980 110,300 1,258,280 110,300 1,147,980 3,907,835



(`)

(`)

2,458

9,973

197,097,079 197,099,538

79,103,354 79,113,327



(`)

(`)

8,000

12,400

*0 92,918,997 1,992,311 94,919,308

*0 105,971,690 90,633 533,997 106,608,720



(`)

(`)

***0 -

*** 0 -

3,744,548 4,509,294 8,253,842

4,016,529 2,385,063 6,401,592

¦ÉÖMÉiÉÉxÉ ½äþiÉÖ näùªÉ ½þÉxä Éä EòÒ ÊiÉÊlÉ ºÉä Uô½þ ¨ÉÉ½þ ºÉä Eò¨É +´ÉÊvÉ ½äþiÉÖ ¤ÉEòÉªÉÉ ]Åõäb÷ |ÉÉ{ªÉ ®úÉÊ¶ÉªÉÉÆ Trade receivables outstanding for a period less than six months from the date they are due for payment |ÉÊiÉ¦ÉÚiÉ, +SUäô ¨ÉÉxÉä MÉB/Secured, considered good +|ÉÊiÉ¦ÉÚiÉ, +SUäô ¨ÉÉxÉä MÉB/Unsecured, considered good

¦ÉÖMÉiÉÉxÉ ½äþiÉÖ näùªÉ ½þÉxä Éä EòÒ ÊiÉÊlÉ ºÉä Uô½þ ¨ÉÉ½þ ºÉä +ÊvÉEò +´ÉÊvÉ ½äþiÉÖ ¤ÉEòÉªÉÉ ]Åõäb÷ |ÉÉ{ªÉ ®úÉÊ¶ÉªÉÉÆ Trade receivables outstanding for a period exceeding six months from the date they are due for payment |ÉÊiÉ¦ÉÚiÉ, +SUäô ¨ÉÉxÉä MÉB/Unsecured, considered good +|ÉÊiÉ¦ÉÚiÉ, ºÉÆÊnùMvÉ ¨ÉÉxÉä MÉB/Unsecured, considered doubtful

PÉ]õÉBÆ: ºÉÆÊnùMvÉ @ñhÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ/Less: Provision for doubtful debts

2.13 :

xÉEònùÒ B´ÉÆ xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ/Cash and cash equivalents

Ê´É´É®úhÉ/Particulars ½þÉlÉ ¨Éå xÉEònùÒ/Cash on hand ¤ÉéEò ¨Éå SÉÉ±ÉÚ B´ÉÆ VÉ¨ÉÉ JÉÉiÉÉå ¨Éå ¶Éä¹É/ Balances with banks in current and deposit s 2.14 :

+±{ÉÉ´ÉÊvÉ-@ñhÉ B´ÉÆ +ÊOÉ¨É/Short-term loans and advances

Ê´É´É®úhÉ/Particulars +ÊOÉ¨É/Advances +ÆiÉ®ú-EòÉ®ú{ÉÉä®úä]õ VÉ¨ÉÉ®úÉÊ¶É (|ÉÉ´ÉvÉÉxÉ Eäò ¤ÉÉnù)

Inter-corporate deposit (net of provision) +ÊOÉ¨É +ÉªÉEò®ú/Advance Income Tax +ÊOÉ¨É +xÉÖ¹ÉÆMÉÒ ±ÉÉ¦É Eò®ú /Advance Fringe Benefit Tax {ÉÚVÆ ÉÒMÉiÉ ¨ÉÉ±É ½äþiÉÖ +ÊOÉ¨É (|ÉÉ´ÉvÉÉxÉ Eäò ¤ÉÉnù)/Advance for Capital Goods (Net of provision) +ÊvÉEòÉÊ®úªÉÉå EòÉä +ÊOÉ¨É(={ÉÊSÉiÉ ¤ªÉÉVÉ ºÉÊ½þiÉ)/Advance to officers (including accrued interest) {ÉÚ´ÉÇnùkÉ ´ªÉªÉ/Prepaid expenses * +ÆiÉ®ú-EòÉ®ú{ÉÉä®úä]õ VÉ¨ÉÉ®úÉÊ¶É `2,00,000, ÊEòªÉÉ MÉªÉÉ |ÉÉ´ÉvÉÉxÉ `2,00,000 * Inter-Corporate Deposits `2,00,000/-, provision made `2,00,000/2.15 :

+xªÉ SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ/Other Current Assets

Ê´É´É®úhÉ/Particulars ÊEò®úÉB {É®ú º]õÉEò(+ÊiÉnäùªÉ Ê´ÉkÉ{ÉÉä¹ÉhÉ |É¦ÉÉ®ú B´ÉÆ |ÉÉ´ÉvÉÉxÉÉå Eäò ¤ÉÉnù) Stock on hire (net of overdue finance charges & provisons) ¥ÉÉäEò®äúVÉ |ÉÉ{ªÉ ®úÉÊ¶ÉªÉÉÆ/Brokerage receivable +xªÉ/Others ={ÉÎSÉiÉ ËEòiÉÖ +näùªÉ ¤ªÉÉVÉ:/Interest accrued but not due: ÊxÉ´Éä¶É {É®ú/on Investments ¨ÉÒªÉÉnùÒ VÉ¨ÉÉ {É®ú/on Term Deposit

***ÊEò®úÉB {É®ú º]õÉEò `4,00,000/-, ÊEò®úÉB {É®ú Ê±ÉB MÉB ºÉÆÊnùMvÉ º]õÉEò Eäò Ê±ÉB ÊEòªÉÉ MÉªÉÉ |ÉÉ´ÉvÉÉxÉ `4,00,000/*** Stock on hire `4,00,000/-, provision made towards provision for doubtful stock on hire was `4,00,000/-

229


{ÉÊ®úSÉÉ±ÉxÉ ºÉä ®úÉVÉº´É/Revenue from operations Ê´É´É®úhÉ/Particulars 2.16 :

31 ¨ÉÉSÉÇ 15 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ/


year ended 31-March-15


(`)

(`)

8,009,490 3,660,642 21,811

12,452,550 1,245,499 2,580,033 3,560,200 -

11,691,943

19,838,282

-

-

¨ÉSÉç]õ ¤ÉéËEòMÉ B´ÉÆ +xªÉ ¶ÉÖ±Eò +ÉvÉÉÊ®úiÉ +ÉªÉ/ Merchant Banking and other fee based income ¨ÉÚ±ªÉÉÆEòxÉ ¶ÉÖ±Eò/Appraisal fee ´ªÉ´ÉºlÉÉ{ÉEò ¶ÉÖ±Eò/Arrangers fee Êb÷¤ÉåSÉ®ú/|ÉÊiÉ¦ÉÚÊiÉ xªÉÉºÉvÉÉÊ®úiÉÉ ¶ÉÖ±Eò/Debenture/ Security Trusteeship fee {É®úÉ¨É¶ÉÇnùÉjÉÒ ¶ÉÖ±Eò/Advisory fees +xªÉ/Others

+xªÉ {ÉÊ®úSÉÉ±ÉxÉ ®úÉVÉº´É/Other operating revenues ¨ªÉÚSÉÖ+±É ¡Æòb÷ Ê´ÉiÉ®úhÉ ºÉä ¥ÉÉäEò®äúVÉ/Brokerage from Mutual Fund Distribution {ÉÚ´ÉÇ +´ÉÊvÉ EòÒ +ÉªÉ +Éä]õÒBºÉ ºÉÊ½þiÉ/Prior period income including OTS

2.17 :

4,325 5,762,834 5,767,159 17,459,102

659,099 630,000 1,289,099 21,127,381

+xªÉ +ÉªÉ/Other Income






(`)

(`)

16,073,184 33,702,972 25,000 9,738,414

16,141,522 10,588,692 326,465 30,000

876,027

-

4,100,803

-

20,531

120,805

773,492

-

65,310,422

34,303,789

ÊxÉ´Éä¶É +ÉªÉ/Investment Income: ¤ÉÉÆb÷ +Éè®ú Êb÷¤ÉåSÉ®ú {É®ú ¤ªÉÉVÉ/Interest on bonds and debentures ÊxÉ´Éä¶É EòÒ Ê¤ÉGòÒ {É®ú ±ÉÉ¦É/Profit on sale of Investments ¨ªÉÚSÉÖ+±É ¡Æòb÷ ÊxÉ´Éä¶É {É®ú ±ÉÉ¦ÉÉÆ¶É/Dividend on Mutual Fund Investments ¶ÉäªÉ®úÉå {É®ú ±ÉÉ¦ÉÉÆ¶É/Dividend on Shares +xªÉ/Others: ¤ÉéEò ¨Éå ºÉÉ´ÉÊvÉ VÉ¨ÉÉ®úÉÊ¶ÉªÉÉå {É®ú ¤ªÉÉVÉ/Interest on Fixed Deposits with bank xÉEònù VÉ¨ÉÉ®úÉÊ¶É {É®ú ¤ªÉÉVÉ / Interest on CD |ÉÊiÉÊ±ÉÊJÉiÉ |ÉÉ´ÉvÉÉxÉ/Provision written back

7,096,305

ÊxÉ´Éä¶É Eäò ¨ÉÚ±ªÉ ¨Éå ´ÉÞÊrù ½äþiÉÖ |ÉÊiÉÊ±ÉÊJÉiÉ |ÉÉ´ÉvÉÉxÉ/ Provision written back towards appreciation in value of investments Ê´ÉÊ´ÉvÉ +ÉªÉ/Miscellaneous income

{ÉÚ´ÉÇ +´ÉÊvÉ EòÒ +ÉªÉ/Prior Period Income 2.18. :

Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É ´ªÉªÉ/Employee benefit expense



31 ¨ÉÉSÉÇ 14EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ/



(`)

(`)

5,699,225

4,722,889

214,934

260,443

61,853

72,960

155,457

58,360

489,876 6,621,345

618,697 5,733,349

´ÉäiÉxÉ B´ÉÆ ¦ÉkÉä/Salaries and allowances ¦ÉÊ´É¹ªÉ ÊxÉÊvÉ B´ÉÆ +xªÉ ÊxÉÊvÉªÉÉå ¨Éå +Æ¶ÉnùÉxÉ/Contribution to provident and other funds OÉäSªÉÖÊ]õ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ/Provision for gratuity UÖô^õÒ xÉEònùÒEò®úhÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ/Provision for leave encashment º]õÉ¡ò Eò±ªÉÉhÉEòÉ®úÒ ´ªÉªÉ/Staff welfare expenses 230


+xªÉ ´ªÉªÉ/Other expenses Ê´É´É®úhÉ/Particulars 2.19 :





(`)

Ê´ÉtÖiÉ |É¦ÉÉ®ú/Electricity charges ¨É¶ÉÒxÉ®úÒ EòÒ ¨É®ú¨¨ÉiÉ/Repairs to machinery +xªÉ EòÒ ¨É®ú¨¨ÉiÉ/Repairs to others ¤ÉÒ¨ÉÉ/Insurance nù®ú B´ÉÆ Eò®ú/Rates and taxes Ê´ÉÊvÉEò ´ªÉªÉ / Legal Expenses EòÉªÉÉÇ±ÉªÉ ´ªÉªÉ / Office Expenses Ê´ÉÊ´ÉvÉ ´ªÉªÉ (Ê´É´É®úhÉ {ÉÊ®úÊ¶É¹]õ ¨Éå näùJÉå)/ Miscellaneous expenses (Refer details annexed)

(`)

499,816 16,391 2,500 211,444 232,456

441,167 13,073 2,500 87,160 135,558

4,078,029 5,040,637

3,894,507 4,573,965

Ê´ÉÊ´ÉvÉ ´ªÉªÉ/Miscellaneous expenses Ê´É´É®úhÉ/Particulars





(`)

(`)

{ÉÚ´ÉÇ +´ÉÊvÉ ´ªÉªÉ/Prior period expenses ¨ÉÖpùhÉ B´ÉÆ ±ÉäJÉxÉ ºÉÉ¨ÉOÉÒ/Printing & Stationery ÊxÉnäù¶ÉEòÉå EòÒ ªÉÉjÉÉ B´ÉÆ ¤ÉÉäb÷Ç ¤Éè`öEò ¶ÉÖ±Eò/

78,450 174,229

12,566 204,786

Director’s travelling & Board meeting fees

323,106

517,101

110,303 151,571 596,220 258,429 840,110 80,000 566,790 724,201

110,300 236,237 629,628 305,238 501,660 80,000 416,650 667,429

174,620 4,078,029

212,912 3,894,507

+¶ÉÉävªÉ @ñhÉÉå ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ/+{ÉÊ±ÉÊJÉiÉ +¶ÉÉävªÉ @ñhÉ/+{ÉÊ±ÉÊJÉiÉ +ÉÎºiÉªÉÉÆ / Provision for Bad Debts / Bad Debts written off / Assets written off Ê´ÉÊ´ÉvÉ ´ªÉªÉ/Miscellaneous expenses +Ê¦ÉnùÉxÉ B´ÉÆ ºÉnùºªÉiÉÉ/Subscription and hip b÷ÉEò B´ÉÆ nÚù®ú¦ÉÉ¹É/Postage & Telephone {Éä¶Éä´É®ú B´ÉÆ {É®úÉ¨É¶ÉÔ ¶ÉÖ±Eò/Professional & Consultancy Fees +ÉÆiÉÊ®úEò ±ÉäJÉÉ{É®úÒIÉÉ ¶ÉÖ±Eò/Internal Audit Fees ºÉä¤ÉÒ/BB¨ÉB¡ò+É<Ç {ÉÆVÉÒEò®úhÉ ¶ÉÖ±Eò/SEBI / AMFI Registration fees ªÉÉjÉÉ B´ÉÆ ´ÉÉ½þxÉ/Traveling and conveyance

±ÉäJÉÉ{É®úÒIÉEò EòÉä ¦ÉÖMÉiÉÉxÉ (Ê´É´É®úhÉ {ÉÊ®úÊ¶É¹]õ ¨Éå näùJÉå)

Payments to the auditor (Refer details annexed)

±ÉäJÉÉ{É®úÒIÉEò EòÉä ¦ÉÖMÉiÉÉxÉ/Payments to auditor Ê´É´É®úhÉ/Particulars ±ÉäJÉÉ{É®úÒIÉÉ ¶ÉÖ±Eò/Audit fee Eò®ú ±ÉäJÉÉ{É®úÒIÉÉ ¶ÉÖ±Eò/Tax audit fee |É¨ÉÉhÉxÉ ¶ÉÖ±Eò/Certification fees ªÉÉjÉÉ/Travelling Eò®ú ´ªÉªÉ/Tax expense: Ê´É´É®úhÉ/Particulars





(`)

(`)

35,000 10,000 129,620 174,620

25,000 7,000 180,912 212,912

2.20 :





(`)

(`)

SÉÉ±ÉÚ Eò®ú/Current tax {ÉÚ´ÉÇ ´É¹ÉÇ EòÉ +ÉªÉEò®ú B´ÉÆ +xÉÖ¹ÉÆMÉÒ ±ÉÉ¦ÉEò®ú/

17,700,000

7,769,000

Prior years income tax & fringe benefit taxes SÉÉ±ÉÚ Eò®ú/Current tax ´É¹ÉÇ ½äþiÉÖ +ÉºlÉÊMÉiÉ Eò®ú/Deferred tax for the year +ÉºlÉÊMÉiÉ Eò®/úDeferred tax

17,700,000 17,700,000

217,352 7,986,352 7,986,352

231


2.21 +ÉEòÎº¨ÉEò näùªÉiÉÉBÆ ÊVÉxÉEäò Ê±ÉB |ÉÉ´ÉvÉÉxÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ :

2.21 Contingent liabilities not provided for :

(B)

a)

Ê´ÉÊ¦ÉzÉ +{ÉÒ±ÉÒªÉ |ÉÉÊvÉEò®úhÉÉå Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ ¨ÉÉ¨É±ÉÉå, VÉ½þÉÆ EÆò{ÉxÉÒ ºÉ¡ò±ÉiÉÉ EòÒ +{ÉäIÉÉ Eò®úiÉÒ ½èþ, Eäò ºÉÆ¤ÉÆvÉ ¨Éå Ê´É´ÉÉÊnùiÉ +ÉªÉEò®ú B´ÉÆ ¤ªÉÉVÉ Eò®ú näùªÉiÉÉBÆ* ÊxÉvÉÉÇ®úhÉ ´É¹ÉÇ /Assessment Year

Disputed Income Tax liability in respect of matters pending before various Appellate authorities where the Company expects to succeed. (` ÖttF bü)/(` in Lakh) 31.03.2015

31.03.2014

2003-04

85.74

85.74

2006-07

-

3.65

2007-08

-

21.66

2009-10

8.61

9.56

2012-13

-

0.27

94.35

120.88

EÖò±É /Total ÊxÉvÉÉÇ®úhÉ ´É¹ÉÇ 2008-09 ½äþiÉÖ ¯û. 8,86,627 EòÒ ¨ÉÉÆMÉ {É®ú ºÉÒ+É<Ç]õÒ (B) Eäò ºÉ¨ÉIÉ +{ÉÒ±É nùÉªÉ®ú EòÒ MÉ<Ç ½èþ* iÉlÉÉÊ{É, EòÊlÉiÉ ¨ÉÉÆMÉ EòÉä +ÉªÉEò®ú Ê´É¦ÉÉMÉ uùÉ®úÉ ÊxÉvÉÉÇ®úhÉ ´É¹ÉÇ 2011-12 ½äþiÉÖ ´ÉÉ{ÉºÉÒ Eäò ºÉÉ{ÉäIÉ ºÉ¨ÉÉªÉÉäÊVÉiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* Eò®ú näùªÉiÉÉ Eäò +ÉÆEòc÷Éå ¨Éå {ÉÊ®ú´ÉiÉÇxÉ, +ÊvÉ¨ÉÉxªÉ +{ÉÒ±É {É®ú B¤ÉÒB¡òB±É, +Æ¶ÉiÉ& VÉ¨ÉÉ +Éè®ú +ºÉÆiÉÖ¹]õ {ÉIÉEòÉ®ú, nùÉªÉ®ú +{ÉÒ±É Eäò {ÉIÉ ¨Éå +lÉ´ÉÉ Ê´É¯ûrù {ÉÉÊ®úiÉ +Énäù¶É Eäò EòÉ®úhÉ ½Öþ+É ½èþ* (¤ÉÒ) EÆò{ÉxÉÒ Eäò EòÊiÉ{ÉªÉ Eò¨ÉÇúSÉÉÊ®úªÉÉåä uùÉ®úÉ ´ÉäiÉxÉ ºÉÆ¶ÉÉävÉxÉ ½äþiÉÖ Ênù±±ÉÒ =SSÉ xªÉÉªÉÉ±ÉªÉ ¨Éå BEò Ê®ú]õ ªÉÉÊSÉEòÉ nùÉªÉ®ú EòÒ MÉ<Ç ½èþ* EÆò{ÉxÉÒ ¨ÉÖEònù¨ÉÉ ±Éc÷ ®ú½þÒ ½èþ B´ÉÆ iÉlÉÉEòÊlÉiÉ nùÉ´Éä Eäò ±ÉÆÊ¤ÉiÉ {ÉÊ®ú¨ÉÉhÉ ½äþiÉÖ EòÉä<Ç |ÉÉ´ÉvÉÉxÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ* BEò EòÉ¨ÉMÉÉ®ú uùÉ®úÉ ºÉ½þÉªÉEò ¸É¨É +ÉªÉÖHò, ¨ÉÖ¨¤É<Ç Eäò ºÉ¨ÉIÉ =ºÉEäò EòÉªÉÇOÉ½þhÉ EòÒ ÊiÉÊlÉ ºÉä b÷ÒB B´ÉÆ ºÉÒºÉÒB, VÉèºÉÉ ÊEò +xªÉ Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉä ÊnùªÉÉ VÉÉiÉÉ ½èþ, EòÉ nùÉ´ÉÉ Eò®úiÉä ½ÖþB BEò Ê¶ÉEòÉªÉiÉ nùÉªÉ®ú EòÒ MÉ<Ç ½èþ* ºÉÖ±É½þ EòÒ |ÉÊGòªÉÉ xÉÉEòÉ¨É ®ú½þÒ, CªÉÉåÊEò, EòÉ¨ÉMÉÉ®ú uùÉ®úÉ ¨ÉÉÆMÉ EòÉä B¤ÉÒB¡òB±É xÉä º´ÉÒEòÉ®ú xÉ½þÓ ÊEòªÉÉ +Éè®ú <ºÉÊ±ÉB, ¸É¨É B´ÉÆ ÊxÉªÉÉäVÉxÉ ¨ÉÆjÉÉ±ÉªÉ,¦ÉÉ®úiÉ ºÉ®úEòÉ®ú xÉä <ºÉ ¨ÉÉ¨É±Éä EòÉä +ÊvÉÊxÉhÉÇªÉxÉ ½äþiÉÖ Eäòxpù ºÉ®úEòÉ®ú +ÉètÉäÊMÉEò +ÊvÉEò®úhÉ ºÉÆ. 2 EòÉä ºÉÆnùÌ¦ÉiÉ ÊEòªÉÉ ½èþ* EÆò{ÉxÉÒ xÉä <ºÉ ¨ÉÉ¨É±Éä EòÉä SÉÖxÉÉèiÉÒ nùÒ ½èþ +Éè®ú EòÊlÉiÉ nùÉ´Éä EòÒ {ÉÊ®ú¨ÉÉjÉÉ EòÉ ÊxÉvÉÉÇ®úhÉ xÉ½þÓ ½þÉxä Éä EòÒ ÎºlÉÊiÉ ¨Éå EòÉä<Ç |ÉÉ´ÉvÉÉxÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ* (ºÉÒ) EÆò{ÉxÉÒ xÉä +MÉºiÉ 2008 ¨Éå +Éº]Åõ±É EòÉäEò BÆb÷ |ÉÉäVÉäC]ÂõºÉ Ê±É.(21.01.2010 ºÉä xÉÉ¨É {ÉÊ®ú´ÉÌiÉiÉ: OÉÒxÉ+lÉÇ Ê®úºÉÉäºÉæºÉ BÆb÷ |ÉÉäVÉäC]õ Ê±É) Eäò +É<Ç{ÉÒ+Éä ÊxÉMÉÇ¨É ½äþiÉÖ ±ÉÒb÷ ¨ÉèxÉäVÉ®ú EòÉ EòÉªÉÇ ÊEòªÉÉ* MÉÖVÉ®úÉiÉ BxÉ+É®ú<Ç EòÉäEò Ê±É xÉÉ¨ÉEò BEò +xªÉ EÆò{ÉxÉÒ xÉä +Éº]Åõ±É EòÉäEò +Éè®ú <ºÉEäò |É¨ÉÉä]õºÉÇ Eäò Ê´É¯ûrù ÊºÉÊ´É±É xªÉÉªÉÉ±ÉªÉ ¨Éå BEò ´ÉÉnù nùÉÊJÉ±É Eò®ú ÊnùªÉÉ iÉlÉÉ ¨ÉSÉç]õ ¤ÉéEò®ú, º´ÉiÉÆjÉ ÊxÉnäù¶ÉEò +Éè®ú ±ÉäJÉÉ{É®úÒIÉEòÉå iÉlÉÉ ºÉÉÊ±ÉÊºÉ]õ®úÉå EòÉä {ÉÉ]õÔ ¤ÉxÉÉ ÊnùªÉÉ* +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. xÉä 04.08.2009 EòÉä =Hò ÊºÉÊ´É±É ºÉÚ]õ Eäò =kÉ®ú ¨Éå BEò Ê±ÉÊJÉiÉ Ê´É´É®úhÉ nùÉÊJÉ±É ÊEòªÉÉ +Éè®ú iÉ¤É ºÉä ªÉ½þ ¨ÉÉ¨É±ÉÉ +ÊvÉÊxÉhÉÇªÉ ½äþiÉÖ ±ÉÆÊ¤ÉiÉ ½èþ* +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±ÉÊ¨É]äõb÷ uùÉ®úÉ näùªÉ ¨ÉÖ+É´ÉVÉä, ªÉÊn EòÉä<Ç ½þÉ,ä EòÒ ¨ÉÉjÉÉ EòÉ ÊxÉvÉÉÇ®úhÉ xÉ½þÓ ÊEòªÉÉ MÉªÉÉ ½èþ* 2.22 ¨ÉÉxÉxÉÒªÉ Ê´É¶Éä¹É xªÉÉªÉÉ±ÉªÉ Eäò +xÉÖºÉÉ®ú ¨Éè. ´ÉÒ.¤ÉÒ. näùºÉÉ<Ç uùÉ®úÉ 13.05.1992 EòÉä +É±É ¤ÉéEò ¡òÉ<xÉåºÉ Ê±É. EòÉä ºÉÉÆ{è Éä MÉB ¶ÉäªÉ®úÉå EòÉä EÆò{ÉxÉÒ Eäò {ÉIÉ ¨Éå ¶ÉäªÉ®úÉå ¨Éå ºÉÆ{ÉÊkÉ EòÉ {ÉÚhÉÇ +ÆiÉ®úhÉ ¨ÉÉxÉÉ MÉªÉÉ ½èþ* iÉnùxÉÖºÉÉ®ú, ¶ÉäªÉ®úÉå EòÒ ºÉÖ{ÉÖnùÇMÉÒ EòÒ iÉÉ®úÒJÉ ºÉä EÆò{ÉxÉÒ ¶ÉäªÉ®úÉå EòÒ º´ÉÉ¨ÉÒ ¤ÉxÉ MÉ<Ç ½èþ +Éè®ú =ºÉEäò ¤ÉÉnù =xÉ ¶ÉäªÉ®úÉå {É®ú PÉÉäÊ¹ÉiÉ ºÉ¨ÉºiÉ ={ÉSÉªÉ +Éè®ú +ÊvÉEòÉ®úÉå {É®ú <ºÉEòÉ ½þEò ½èþ* ={ÉªÉÖHÇ ò +Énäù¶É Eäò {ÉÊ®úhÉÉ¨Éº´É°ü{É ¶Éäªä É®úÉå Eäò +VÉÇxÉ EòÉä nùÒPÉÉÇ´ÉÊvÉ ÊxÉ´Éä¶É ¨ÉÉxÉÉ MÉªÉÉ ½èþ*

The demand for Assessment Year 2008-09 amounting to ` 8,86,627 has been contested in appeal before CIT(A). However, the said demand has been adjusted against refund for Assessment Year 2011-12 by the income tax department. The change in the figure of the tax liability is due to order ed against or in favour of ABFL, partly deposited and aggrieved, preferred appeal. b)

A writ Petition has been filed by some employees of the Company in Delhi High Court for Salary revision. The company is contesting the case and pending quantification of the alleged claim no provision has been made. A complaint was filed by a workman with Asst Labour Commissioner, Mumbai, claiming DA & CCA as paid to the other employees from his date of ing. The conciliation proceedings failed as ABFL did not accept the demand raised by the workman and therefore, the Ministry of Labour & Employment, Government of India, referred the case to The Central Government Industrial Tribunal No.2, Mumbai, for adjudication. The company is contesting the case and in the absence of quantification of the alleged claim, no provision is made.

c)

The Company had acted as lead manager for the IPO issue of Austral Coke & Projects Limited (name changed to Greenearth Resources and Projects Ltd. w.e.f. 21.01.2010) in August, 2008. Another company namely, Gujrat NRE Coke Ltd. filed civil suits against the Austral Coke and its promoters and also made the Merchant Bankers, Independent directors, Auditors and Solicitors as party to the suit. AllBank Finance had filed a written statement on 04.08.2009 in response to the said civil suit and since then the matter is pending for adjudication. There is no quantification of the claim for compensation payable, if any by, AllBank Finance Ltd.

2.22 As per the order of the Hon'ble Special Court, the delivery of shares on 13.05.1992, by M/s V B Desai to AllBank Finance Ltd., constituted complete transfer of property in the shares in favour of the Company. Accordingly, the Company became the owner of the shares from the date of delivery of the shares and was entitled to all accretions and rights declared thereafter. Pursuant to the abovementioned order, the acquisition of the shares has been considered as Long Term Investment.

232


2.23 Ê´ÉÊ¦ÉzÉ ´É¹ÉÉç ½äþiÉÖ +ºÉ¨ÉÉªÉÉäÊVÉiÉ +ÊOÉ¨É +ÉªÉEò®ú B´ÉÆ ¤ÉÊ½þªÉÉå ¨Éå ºÉÆ¤ÉÆÊvÉiÉ |ÉÉ´ÉvÉÉxÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½èþ ÊxÉvÉÉÇ®úhÉ B´ÉÆ +{ÉÒ±ÉÉå Eäò Ê´ÉÊ¦ÉzÉ ºiÉ®úÉå {É®ú ±ÉÆÊ¤ÉiÉ ½èþ* ÊxÉvÉÉÇ®úhÉ ´É¹ÉÇ Assessment Year

2.23 Unadjusted Advance income tax and the related provisions in the books for various year are given as under which are pending at various stages of Assessments & Appeal.

+ÉªÉEò®ú ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ

+ÊOÉ¨É Eò®ú, ]õÒb÷ÒBºÉ +ÉªÉEò®ú ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ

Provision for

Advance Tax ,TDS & income

Income Tax

tax refund receivable

®úÉÊ¶É

®úÉÊ¶É

/Amount (`)

±ÉÆÊ¤ÉiÉ |ÉÉÎºlÉÊiÉ Pending Status

/ Amount (`)

1993-94 1994-95 1995-96 1996-97 1997-98 1998-99

-

5,18,405.00 12,93,853.00 91,880.00 6,35,049.00 69,011.00 105,15,659.00

2000-01 2003-04

12,94,362.00

1,01,372.00 24,14,743.00

2004-05 2006-07

3,64,854.00

88,81,772.00 -

2007-08

21,66,198.00

-

´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ºÉ¨ÉÉªÉÉäVÉxÉ ½þÉxä Éä iÉEò ´ÉÉ{ÉºÉÒ/ Refund pending adjustment ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due

=SSÉ xªÉÉªÉÉ±ÉªÉ Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ/ Pending before High Court

B+Éä Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ/Pending before AO ÊxÉvÉÉÇÊ®úiÉ |ÉÉ{ªÉ ®úÉÊ¶É EòÉ ¦ÉÖMÉiÉÉxÉ xÉ½þÓ / Assessed dues not paid

ÊxÉvÉÉÇÊ®úiÉ |ÉÉ{ªÉ ®úÉÊ¶É EòÉ ¦ÉÖMÉiÉÉxÉ xÉ½þÓ

/

Assessed dues not paid 2008-09

97,00,000.00

173,01,301.00

ºÉÒ+É<Ç]õÒ (B) Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ/

2009-10

119,00,000.00

120,92,447.00

+É<Ç]õÒB]õÒ Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ/

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

77,69,000.00 1,77,00,000.00 5,08,94,414.00

66,322.00 3,23,733.00 3,53,417.00 83,55,199.00 77,74,326.00 221,30,509.00 929,18,998.00

´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due ´ÉÉ{ÉºÉÒ |ÉÉ{ªÉ/Refund due B+Éä Eäò ºÉ¨ÉIÉ ±ÉÆÊ¤ÉiÉ/Pending before AO Ê®ú]õxÉÇ VÉ¨ÉÉ/Return filed Ê®ú]õxÉÇ VÉ¨ÉÉ ÊEòªÉÉ VÉÉxÉÉ ¤ÉÉEòÒ/Return yet to be filed

Pending before CIT(A) Pending before ITAT

2.24 ¨ÉÚ±É B´ÉÆ b÷É±ªÉÚ]õäb÷ <Ç{ÉÒBºÉ EòÒ MÉhÉxÉÉ

2.24

Calculation of Basic & Diluted EPS

(` ®úÉÊ¶É ¨Éå) Eò®ú {É¶SÉÉiÉ ±ÉÉ¦É (xªÉÚ¨É®äú]õ®ú Eäò °ü{É ¨Éå |ÉªÉÖHò)

/ Amount In `)

2014-15

2013-14

2,30,41,357

3,69,83,318

1,500,000

1,500,000

1,500,000

1,500,000

(`)/

Profit after Tax ( used as Numerator ) (`)

´É¹ÉÇ Eäò +É®Æú¦É ¨Éå <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ / Number of Equity Share at the beginning of the year

´É¹ÉÇ Eäò +ÆiÉ ¨Éå <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ / Number of Equity Share at the end of the year

´É¹ÉÇ Eäò nùÉ®è úÉxÉ ¤ÉEòÉªÉÉ <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÒ ¦ÉÉÊ®úiÉ +ÉèºÉiÉ ºÉÆJªÉÉ (Êb÷xÉÉÊ¨ÉxÉä]õ®ú Eäò °ü{É ¨Éå |ÉªÉÖHò) Weighted average number of Equity Shares outstanding during the year ( used as denominator )

<ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÉ ºÉÉ¨ÉÉxªÉ ¨ÉÚ±ªÉ

1,500,000

1,500,000

100

100

15.36

24.66

(`)/

Nominal value of Equity Share (`)

|ÉÊiÉ¶ÉäªÉ®ú ¨ÉÚ±É +Éè®ú b÷É<±ªÉÚ]õäb÷ +VÉÇxÉ

(`)/

Basic and diluted earnings per Share (`) 233


2.25 SÉÚÊÆ Eò EÆò{ÉxÉÒ EòÒ ´ªÉ´ÉºÉÉªÉ MÉÊiÉÊ´ÉÊvÉªÉÉÆ BEò |É¨ÉÖJÉ ´ªÉ´ÉºÉÉªÉ JÉÆb÷ +lÉÉÇiÉ {ÉÚVÆ ÉÒ ¤ÉÉVÉÉ®ú +Éè®ú ºÉÆ¤Érù MÉÊiÉÊ´ÉÊvÉªÉÉå Eäò +ÆiÉMÉÇiÉ +ÉiÉÒ ½éþ +Éè®ú ªÉää ¦ÉÉèMÉÉäÊ±ÉEò JÉÆb÷ Eäò +ÆiÉMÉÇiÉ ½éþ +iÉ: ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒþ ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ -17) “JÉÆb÷ Ê®ú{ÉÉäÍ]õMÉ” ¨Éå +{ÉäÊIÉiÉ JÉÆb÷ Ê®ú{ÉÉä]õÇ EòÉ |ÉEò]õÒEò®úhÉ |ÉªÉÉäVªÉ xÉ½þÓ ½èþ*

2.25 As the company's business activity falls within a single primary business segment viz. dealing in Capital Markets and allied activities and in a single geographical segment, the disclosure requirements of ing Standard ( AS - 17 ) " Segment Reporting " issued by The Institute of Chartered ants of India are not applicable.

2.26 ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒ ±ÉäJÉÉ ¨ÉÉxÉEò 22 “+ÉªÉ {É®ú Eò®ú ½äþiÉÖ ±ÉäJÉÉ” Eäò +xÉÖºÉÉ®ú +ÉºlÉÊMÉiÉ Eò®ú EòÉä ºÉ¨ÉªÉ +ÆiÉ®úÉ±É {É®ú ÊxÉvÉÇÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ, CªÉÉåÊEò BEò +´ÉÊvÉ Eäò nùÉ®è úÉxÉ Eò®ú ªÉÉäMªÉ +ÉªÉ B´ÉÆ ±ÉäJÉÉ ªÉÉäMªÉ +ÉªÉ ¨Éå +ÆiÉ®ú ½þÉiä ÉÉ ½èþ +Éè®ú ªÉ½þ BEò +lÉ´ÉÉ +ÊvÉEò {É®ú´ÉiÉÔ +´ÉÊvÉ ¨Éå |ÉÊiÉ´ÉiÉÔ ½þÉxä Éä ¨Éå ºÉIÉ¨É ½èþ* +ÉºlÉÊMÉiÉ Eò®ú +ÉÎºiÉªÉÉå EòÉ ÊxÉvÉÉÇ®úhÉ iÉ¦ÉÒ ÊEòªÉÉ VÉÉiÉÉ ½èþ VÉ¤É =ÊSÉiÉ iÉÉè®ú {É®ú ªÉ½þ ÊxÉÎ¶SÉiÉ ½þÉä ÊEò ¦ÉÊ´É¹ªÉ ¨Éå {ÉªÉÉÇ{iÉ Eò®ú ªÉÉäMªÉ +ÉªÉ ={É±É¤vÉ ½þÉMä ÉÒ ÊVÉºÉEäò ºÉÉ{ÉäIÉ +ÉºlÉÊMÉiÉ Eò®ú +ÉÊºiÉªÉÉÆ ´ÉºÉÚ±É EòÒ VÉÉBÆMÉÒ* BäºÉÒ +ÉÎºiÉªÉÉå EòÒ |ÉiªÉäEò iÉÖ±ÉxÉ{ÉjÉ ÊiÉÊlÉ EòÉä =xÉEòÒ |ÉÉ{ªÉiÉÉ EòÉ {ÉÖxÉ: ÊxÉvÉÉÇ®úhÉ Eò®úxÉä ½äþiÉÖ ºÉ¨ÉÒIÉÉ EòÒ VÉÉiÉÒ ½èþ*

2.26 In accordance with ing Standard 22 "ing for Taxes on Income" issued by The Institute of Chartered ants of India, Deferred Tax is recognized on timing differences being the difference between taxable income and ing income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets are recognized only when there is reasonable certainty that there is sufficient future taxable income will be available against which such deferred tax assets will be realized. Such assets are reviewed at each Balance Sheet date to reassess realisibility thereof.

2.27 ¨ÉÉ±É +Éè®ú ºÉä´ÉÉ+Éå Eäò +É{ÉÚÌiÉEòiÉÉÇ ºÉä ={É±É¤vÉ ºÉÚSÉxÉÉ Eäò +xÉÖºÉÉ®ú ÊEòB MÉB +Ê¦ÉÊxÉvÉÉÇ®úhÉ ¨Éå ¨ÉÉ
2.27 To the extent identified from the information available from suppliers of goods and services, there are no macro and small enterprises being a supplier as defined under Micro, Small and Medium enterprises Development Act, 2006.

2.28 ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒþ ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ28) “+ÉÊºiÉªÉÉå EòÉ IÉ®úhÉ” Eäò +xÉÖºÉÉ®ú EòÉä<Ç +xÉVÉÇEò ½þÉÊxÉ xÉ½þÒ ½èþ* 2.29 EÆò{ÉxÉÒ +ÊvÉÊxÉªÉ¨É, 2013 EòÒ +xÉÖºÉÚSÉÒ II Eäò +xÉÖºÉÉ®ú ¨ÉÚ±ªÉ¿ÉºÉ EòÒ |ÉhÉÉ±ÉÒ ¨Éå {ÉÊ®ú´ÉiÉÇxÉ Eäò EòÉ®úhÉ ´É¹ÉÇ ½äþiÉÖ ±ÉÉ¦É ` 26,738 PÉ]õ MÉªÉÉ* 2.30 ¦ÉÉ®úiÉÒªÉ ºÉxÉnùÒ ±ÉäJÉÉEòÉ®ú ºÉÆºlÉÉxÉ uùÉ®úÉ VÉÉ®úÒþ ±ÉäJÉÉ ¨ÉÉxÉEò (BBºÉ18) “ºÉÆ¤ÉÆÊvÉiÉ {ÉÉ]õÔ |ÉEò]õÒEò®úhÉ” Eäò +xÉÖºÉÉ®ú ºÉÆ¤ÉÆÊvÉiÉ {ÉÉ]õÔ |ÉEò]õÒEò®úhÉ ÊxÉ¨xÉÉxÉÖºÉÉ®ú ½èþ*

2.28 There is no impairment loss in of the ing Standard ( AS 28 ) - " Impairment of Assets" issued by The Institute of Chartered ants of India.

½þÉÏä ±b÷MÉ EÆò{ÉxÉÒ-<±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò

2.29 Due to change in the method of Depreciation as per Schedule II of the Companies Act, 2013, the profit for the year has decreased by ` 26,738. 2.30 Related Party disclosures as required in of ing standard ( AS 18 ) - "Related Party Disclosures" issued by the Institute of Chartered ants of India are as under : Holding Company - Allahabad Bank

(®úÉÊ¶É ÎºlÉ®ú VÉ¨ÉÉ {É®ú ¤ªÉÉVÉ/Interest on Fixed Deposit |É¤ÉÆvÉxÉ ºÉÆÊ´ÉnùÉBÆ/Management Contracts ºÉä´ÉÉ |ÉÉÎ{iÉ/Receiving of Services ¨ÉÒªÉÉnùÒ VÉ¨ÉÉ/Term Deposit SÉÉ±ÉÚ VÉ¨ÉÉ/Current Deposit ±ÉäxÉnùÉ®ú/Creditors ={ÉªÉÖHÇ ò ºÉÆ¤ÉÆÊvÉiÉ {ÉÉ]õÔ EòÒ ºÉÚSÉxÉÉ =ºÉ ºÉÒ¨ÉÉ iÉEò ½þÒ |ÉEò]õ EòÒ MÉ<Ç ½èþ ÊVÉiÉxÉÉ ={É±É¤vÉ ºÉÚSÉxÉÉ Eäò +ÉvÉÉ®ú {É®ú |É¤ÉÆvÉxÉ uùÉ®úÉ +Ê¦ÉÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ MÉªÉÉ ½èþ* ±ÉäJÉÉ{É®úÒIÉEòÉå uùÉ®É <ºÉ {É®ú Ê´É·ÉÉºÉ ÊEòªÉÉ MÉªÉÉ ½èþ* 2.31 |É¤ÉÆvÉxÉ EòÒ ®úÉªÉ ¨Éå, EÆò{ÉxÉÒ Eäò ºÉÉ¨ÉÉxªÉ ´ªÉ´ÉºÉÉªÉ ¨Éå SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ, @ñhÉ B´ÉÆ +ÊOÉ¨É EòÉ ´ÉºÉÚ±ÉÒMÉiÉ ¨ÉÚ±ªÉ ½èþ VÉÉä Eò¨É ºÉä Eò¨É iÉÖ±ÉxÉ {ÉjÉ ¨Éå nù¶ÉÉÇ<Ç MÉ<Ç ®úÉÊ¶É Eäò ¤É®úÉ¤É®ú ½èþ*

2014-15

2013-14

97,38,414

7,096,305

32,50,043

1,680,000

--

--

19,45,00,000

78,000,000

25,97,079

1,103,354

--

45,22,419

`

¨Éå)

/ Amount In `)

The above related party information is disclosed to the extent such parties have been identified by the management on the basis of information available. This is relied upon by the auditors. 2.31 In the opinion of the Management, current assets, loans & advances have a value on realization in the ordinary course of the Company's business which is at least equal to the amount at which they are stated in the Balance Sheet.

234


2.32 <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò xÉÉìÊ¨ÉxÉÒ Ê±É. (´ÉiÉÇ¨ÉÉxÉ ¨Éå +Éì±É¤ÉéEò ¡òÉ<xÉåºÉ Ê±ÉÊ¨É.) +Ê¦É®úIÉEò ºÉä´ÉÉ+Éå ¨Éå ºÉÆÊ±É{iÉ lÉÒ* EÆò{ÉxÉÒ +{ÉxÉä ÊxÉªÉÊ¨ÉiÉ ´ªÉ´ÉºÉÉªÉ Eäò nùÉ®è úÉxÉ +{ÉxÉä ÊxÉ´Éä¶ÉÉå Eäò ºÉÉlÉ-ºÉÉlÉ <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò +Éè®ú <ºÉEäò C±ÉÉ<Æ]õÉå EòÒ +Éä®ú ºÉä |ÉÊiÉ¦ÉÚÊiÉªÉÉÄ vÉÉ®úhÉ Eò®úiÉÒ lÉÒþ* <ºÉ |ÉEòÉ®ú, <±ÉÉ½þÉ¤ÉÉnù ¤ÉèEò xÉÉìÊ¨ÉxÉÒ Ê±É. <xÉ |ÉÊiÉ¦ÉÚÊiÉªÉÉå Eäò +Ê¦É®úIÉEò Eäò °ü{É ¨Éå EòÉªÉÇ Eò®ú ®ú½þÒ lÉÒ* ªÉä ºÉ¦ÉÒ |ÉÊiÉ¦ÉÚÊiÉªÉÉÆ <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò xÉÉìÊ¨ÉxÉÒ Ê±É. Eäò xÉÉ¨É lÉÒ +Éè®ú ´ÉiÉÇ¨ÉÉxÉ ¨Éå 49 EÆò{ÉÊxÉªÉÉå Eäò 2,06,014 ¶ÉäªÉ®úÉå EòÉä ªÉlÉÉÎºlÉÊiÉ 31 ¨ÉÉSÉÇ, 2015 EòÉä EÆò{ÉxÉÒ Eäò b÷Ò{ÉÒ JÉÉiÉä ¨Éå ±Éä Ê±ÉªÉÉ MÉªÉÉ ½èþ* <xÉ¨Éå ºÉä Ê´ÉxÉºÉ¨É ªÉÉxÉÇ Eäò 100 ¶ÉäªÉ®úÉå EòÉä, ±ÉÉMÉiÉ {É®ú ªÉÉ ¤ÉÉVÉÉ®ú ¨ÉÚ±ªÉ {É®ú, VÉÉä ¦ÉÒ Eò¨É ½þÉ,ä EÆò{ÉxÉÒ EòÒ ¤ÉÊ½þªÉÉå ¨Éå EÆò{ÉxÉÒ EòÉ ÊxÉ´Éä¶É ¨ÉÉxÉÉ MÉªÉÉ ½èþ +Éè®ú º´ÉiÉÆjÉ EòÉxÉÚxÉÒ ®úÉªÉ Eäò +ÉvÉÉ®ú {É®ú ¶Éä¹É <ÎC´É]õÒ ¶ÉäªÉ®úÉå EòÉä EÆò{ÉxÉÒ EòÒ ¤ÉÊ½þªÉÉå ¨Éå +ÉÎºiÉ xÉ½þÓ ¨ÉÉxÉÉ MÉªÉÉ ½è*

2.32

2.33 EÆò{ÉxÉÒ (±ÉäJÉÉ ¨ÉÉxÉEò) ÊxÉªÉ¨É, 2006 ¨Éå +ÊvÉºÉÚÊSÉiÉ ±ÉäJÉÉ ¨ÉÉxÉEò 15 “Eò¨ÉÇSÉÉ®úÒ ±ÉÉ¦É’’ Eäò +ÆiÉMÉÇiÉ +{ÉäÊIÉiÉ |ÉEò]õxÉ xÉÒSÉä ÊnùB MÉB ½éþ

2.33 The disclosures required under ing Standard 15 " Employee Benefits" notified in the Companies (ing Standards) Rules 2006 , are given below :

{ÉÊ®ú¦ÉÉÊ¹ÉiÉ +Æ¶ÉnùÉxÉ ªÉÉäVÉxÉÉ

Allahabad Bank Nominees Ltd. (presently named AllBank Finance Ltd.) was engaged in custodial services. The Company, in regular course of business apart from its own investments, used to hold securities on behalf of Allahabad Bank and its clients. Allahabad Bank Nominees Ltd., as such, was acting as Custodian of these securities. All these securities were in the name of Allahabad Bank Nominees Limited and at present 2,06,014 no of equity shares of 49 companies have been taken in DP of the Company as on 31st March, 2015. Out of the above 100 shares of Winsome Yarns Limited have been considered as investment of the Company in its Books of at cost or market value whichever is lower and remaining equity shares are not considered as assets in the books of the Company based on the independent legal opinion.

Defined Contribution Plan

¦ÉÊ´É¹ªÉ ÊxÉÊvÉ ¨Éå Eò¨ÉÇSÉÉÊ®úªÉÉå EòÉ +Æ¶ÉnùÉxÉ `2,14,934/- (Ê{ÉUô±ÉÉ ´É¹ÉÇ - `2,60,443/-) {ÉÊ®ú¦ÉÉÊ¹ÉiÉ ±ÉÉ¦É ªÉÉäVÉxÉÉ OÉèSªÉÖÊ]õ +Éè®ú UÖô]õÂ]õÒ ºÉä ºÉÆ¤ÉÆÊvÉiÉ nùÉÊªÉi´É EòÉ ´ÉiÉÇ¨ÉÉxÉ ¨ÉÚ±ªÉ |ÉÉäVÉäC]äõb÷ ªÉÚÊxÉ]õ GäòÊb÷]õ {ÉrùÊiÉ EòÉ |ÉªÉÉäMÉ Eò®úiÉä ½ÖþB ¤ÉÒ¨ÉÉÆÊEòEò ¨ÉÚ±ªÉxÉ Eäò +ÉvÉÉ®ú {É®ú ÊxÉvÉÉÇÊ®úiÉ ÊEòªÉÉ VÉÉiÉÉ ½èþ* B. {ÉÊ®ú¦ÉÉÊ¹ÉiÉ ±ÉÉ¦É nùÉÊªÉi´É OÉèSªÉÖÊ]õ Eäò +lÉ +Éè®ú <ÊiÉ ¶Éä¹É EòÉ ºÉ¨ÉÉvÉÉxÉ

Employer's Contribution to Provident Fund: `2,14,934 / - (Previous Year - `2, 60,443 /-) Defined Benefit Plan The present value of obligation relating to gratuity and leave is determined based on actuarial valuation using the Projected Unit Credit Method. a. Reconciliation of opening and closing balances of Defined Benefit Obligation Gratuity

(+ÉÆEòcä÷ `ä ¨Éå /Figures in `) 2014-15

2013-14

515323

4,55,340

48491

60,620

´É¹ÉÇ Eäò |ÉÉ®Æú¦É ¨Éå {ÉÊ®ú¦ÉÉÊ¹ÉiÉ ±ÉÉ¦É nùÉÊªÉi´É/ Defined Benefit obligation at beginning of the year

SÉÉ±ÉÚ ºÉä´ÉÉ ±ÉÉMÉiÉ /Current Service Cost ¤ªÉÉVÉ ±ÉÉMÉiÉ /Interest Cost ¤ÉÒ¨ÉÉÆÊEòEò ½þÉÊxÉ/(±ÉÉ¦É) / Actuarial Losses / ( Gain ) +nùÉ ÊEòB MÉB ±ÉÉ¦É /Benefits Paid ´É¹ÉÇ Eäò +ÆiÉ ¨Éå {ÉÊ®ú¦ÉÉÊ¹ÉiÉ ±ÉÉ¦É nùÉÊªÉi´É /

47977

37,573

(48196)

(38,300)

-

-

Defined Benefit obligation at year end

564109

5,15,323

¤ÉÒ.

ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå Eäò =ÊSÉiÉ ¨ÉÚ±ªÉ Eäò +lÉ +Éè®ú <ÊiÉ ¶Éä¹É EòÉ ºÉ¨ÉÉvÉÉxÉ

b.

Reconciliation of Opening and closing balances of fair value of plan assets

(` ¨Éå

2014-15

2013-14

-

-

´É¹ÉÇ Eäò |ÉÉ®Æú¦É ¨Éå ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå EòÉ =ÊSÉiÉ ¨ÉÚ±ªÉ / Fair value of Plan Assets at the beginning of the year

ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå {É®ú +{ÉäÊIÉiÉ |ÉÊiÉ±ÉÉ¦É / Expected return on plan Assets ¤ÉÒ¨ÉÉÆÊEòEò ±ÉÉ¦É/(½þÉÊxÉ)/ Actuarial Gain / (Losses) ÊxÉªÉÉäVÉEò EòÉ +Æ¶ÉnùÉxÉ/Contributions by Employer +nùÉ ÊEòB MÉB ±ÉÉ¦É/Benefits Paid ´É¹ÉÇ Eäò +ÆiÉ ¨Éå ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå EòÉ =ÊSÉiÉ ¨ÉÚ±ªÉ

-

-

-

-

-

-

-

-

Fair value of Plan Assets at year end

-

-

235

/ In `)


ºÉÒ. +ÉÎºiÉªÉÉå +Éè®ú ¤ÉÉvªÉiÉÉ+Éå Eäò =ÊSÉiÉ ¨ÉÚ±ªÉ EòÉ ºÉ¨ÉÉvÉÉxÉ

c.

Reconciliation of fair value of assets and obligations

(` ¨Éå 31st

¨ÉÉSÉÇ/March 2015

ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå EòÉ =ÊSÉiÉ ¨ÉÚ±ªÉ/Fair value of Plan Assets nùÉÊªÉi´É EòÉ ´ÉiÉÇ¨ÉÉxÉ ¨ÉÚ±ªÉ/Present value of obligation iÉÖ±ÉxÉ {ÉjÉ ¨Éå +Ê¦ÉYÉÉiÉ ®úÉÊ¶É/Amount recognized in Balance Sheet b÷Ò. ´É¹ÉÇ Eäò nùÉ®è úÉxÉ +Ê¦ÉYÉÉiÉ JÉSÉÇ

31st

¨ÉÉSÉÇ/March2014

564109 564109 d.

5,15,323 5,15,323

Expenses recognised during the year

(` ¨Éå

SÉÉ±ÉÚ ºÉä´ÉÉ ±ÉÉMÉiÉ/Current Service Cost ¤ªÉÉVÉ ±ÉÉMÉiÉ/Interest Cost ÊxÉªÉÉäÊVÉiÉ +ÉÎºiÉªÉÉå {É®ú +{ÉäÊIÉiÉ |ÉÊiÉ±ÉÉ¦É/Expected return on Plan Assets ¤ÉÒ¨ÉÉÆÊEòEò (±ÉÉ¦É)/½þÉÊxÉ /Actuarial (gain) / loss ±ÉÉ¦É B´ÉÆ ½þÉÊxÉ JÉÉiÉä ¨Éå +Ê¦ÉYÉÉiÉ ´ªÉªÉ/ Expenses Recognized in Profit and Loss

<Ç. ¤ÉÒ¨ÉÉÆÊEòEò {ÉÚ´ÉÉÇxÉÖ¨ÉÉxÉ ¨ÉÉä]õæÊ±É]õÒ ]äõ¤É±É : B±É+É<ÇºÉÒ (1994-1996) +ÆÊiÉ¨É

e.

ºÉ¨ÉÉ{iÉ ´É¹ÉÇ/Year ended ¦ÉÖxÉÉ<Ç nù®ú (|ÉÊiÉ ´É¹ÉÇ)/Discount rate ( per annum) ´ÉäiÉxÉ ´ÉÞÊrù (|ÉÊiÉ ´É¹ÉÇ)/ Salary Escalation ( per annum ) 2.34 Ê{ÉUô±Éä ´É¹ÉÇ Eäò +ÉÆEòcä÷ EÆò{ÉxÉÒ xÉä <ºÉ +´ÉÊvÉ Eäò ´ÉMÉÔEò®úhÉ Eäò +xÉÖ°ü{É Ê{ÉUô±Éä ´É¹ÉÇ Eäò +ÉÆEòc÷Éå EòÉä {ÉÖxÉ´ÉÇMÉÒEÞòiÉ ÊEòªÉÉ MÉªÉÉ ½èþ*

/ In `)

2014-15

2013-14

48491

60,620

47977

37,573

-

-

(48196)

(38,300)

48786

59,893

/ In `)

Actuarial assumptions Mortality Table : LIC (1994 – 1996 ) Ultimate 31st

¨ÉÉSÉÇ/March 2015

31st

¨ÉÉSÉÇ/March,2014

9.31%

9.31%

7.00%

7.00%

2.34 Previous year’s figures The company has reclassified previous year’s figures to conform to this period’s classification.





EÞòiÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò For S. P. Chatterjee & Co.










236


31 ¨ÉÉSÉÇ, 2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ xÉEònùÒ |É´ÉÉ½þ Ê´É´É®úhÉ Cash Flow Statement for the year ended 31 st March, 2015


31.03.2015 EòÉä ºÉ¨ÉÉ{iÉ ´É¹ÉÇ ½äþiÉÖ


For the year ended 31.03.2015


(`)

(`)

70,906,186

44,970,170

201,357

153,686

110,303

110,300

(327,989)

0

0

(326,465)

(25,000)

(30,000)

(26,687,624)

(23,237,827)

(773,492)

-

61,853

72,960

4,325

-

155,457

58,360

-

200,201

(33,702,972)

(10,588,692)

9,922,404

11,382,693

2,913,145

1,755,826

1,133,477

(5,168,843)

684,102

(3,324,899)

(1,852,250)

15,587

(10,693,613)

(1,482,164)

(1,453,914)

0

653,351

3,178,200

13,143,326

(6,583,576)

13,796,677

(3,405,376)

B. {ÉÊ®úSÉÉ±ÉxÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ A. CASH FLOW FROM OPERATING ACTIVITIES

Eò®ú B´ÉÆ +ºÉÉvÉÉ®úhÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä {ÉÚ´ÉÇ ÊxÉ´É±É ±ÉÉ¦É/(½þÉÊxÉ) Net Profit/(Loss) before Tax & Extraordinary Activities

ºÉ¨ÉÉªÉÉäVÉxÉ / Adjustments for: ¨ÉÚ±ªÉ¿ÉºÉ / Depreciation ºÉÆÊnùMvÉ @ñhÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for Doubtful Debts {ÉÚ´ÉÇ´ÉiÉÔ ´É¹ÉÉç ½äþiÉÖ ¨ÉÚ±ªÉ¿ÉºÉ ºÉ¨ÉÉªÉÉäVÉxÉ / Depreciation Adjustment for Earlier Years ±ÉÉ¦ÉÉÆ¶É +ÉªÉ-¨ªÉÖSÉÖ+±É ¡Æòb÷ / Dividend Income - Mutual Funds ±ÉÉ¦ÉÉÆ¶É +ÉªÉ-¶ÉäªÉ®ú / Dividend Income - Shares ¤ªÉÉVÉ +ÉªÉ / Interest Income +´ÉÊvÉ {ÉÚ´ÉÇ +ÉªÉ (+ÉªÉEò®ú ´ÉÉ{ÉºÉÒ) / Prior Period Income (IT Refund) OÉäSªÉÖÊ]õ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for gratuity ¨ªÉÖSÉÖ+±É ¡Æòb Ê´ÉiÉ®úhÉ ºÉä ¥ÉÉäEò®äúVÉ÷ /

Brokerage from Mutual Fund Distribution

UÖô^õÒ xÉEònùÒEò®úhÉ ½äþiÉÖ |ÉÉ´ÉvÉÉxÉ / Provision for Leave Encashment ÊxÉ´Éä¶É EòÒ Ê¤ÉGòÒ ºÉä ½þÉÊxÉ / Loss on sale of investments ÊxÉ´Éä¶É EòÒ Ê¤ÉGòÒ ºÉä ±ÉÉ¦É / Profit on sale of investments EòÉªÉÇ¶ÉÒ±É {ÉÚVÆ ÉÒ {ÉÊ®ú´ÉiÉÇxÉ ºÉä {ÉÚ´ÉÇ {ÉÊ®úSÉÉ±ÉxÉ ±ÉÉ¦É Operating Profit before Working Capital Changes

EòÉªÉÇ¶ÉÒ±É {ÉÚVÆ ÉÒ {ÉÊ®ú´ÉiÉÇxÉ ½äþiÉÖ ºÉ¨ÉÉªÉÉäVÉxÉ/ Adjustments For Working Capital Changes

´ªÉÉ{ÉÉ®ú ºÉÆnùäªÉ / Trade Payable +xªÉ SÉÉ±ÉÚ näùªÉiÉÉBÆ / Other current liabilities ´ªÉÉ{ÉÉ®ú B´ÉÆ +xªÉ |ÉÉ{ªÉ / Trade & Other Receivables +xªÉ SÉÉ±ÉÚ +ÉÎºiÉªÉÉÆ / Other current assets ±ÉPÉÖ +´ÉÊvÉ |ÉÉ´ÉvÉÉxÉ / Short Term Provisions ±ÉPÉÖ +´ÉÊvÉ @ñhÉ B´ÉÆ +ÊOÉ¨É / Short Term Loans & advances +ºÉÉvÉÉ®úhÉ ¨Énù {ÉÚ´ÉÇ xÉEònùÒ |É´ÉÉ½ / Cash Flow Before Extraordinary Item |ÉnùkÉ +ÉªÉEò®ú/ Income Tax Paid {ÉÊ®úSÉÉ±ÉxÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ |É´ÉÉ½þ [B]/ Net Cash Flow From Operating Activities

[A]

237







(`)

(`)

(173,959)

(127,110)

¤ÉÒ. ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ/ B. CASH FLOW FROM INVESTING ACTIVITIES

ÎºlÉ®ú +ÉÎºiÉªÉÉå EòÒ JÉ®úÒnù / Purchase Of Fixed Assets nùÒPÉÉÇ´ÉÊvÉ @ñhÉ B´ÉÆ +ÊOÉ¨Éù / Long Term Loans & Advances

(30,680)

¨ªÉÚSÉÖ+±É ¡Æòb÷ ¨Éå ÊxÉ´Éä¶É ºÉä |ÉÉÎ{iÉªÉÉÆ / Proceeds from investment in mutual funds ¤ªÉÉVÉ +ÉªÉ / Interest income ±ÉÉ¦ÉÉÆ¶É +ÉªÉ-¶ÉäªÉ®ú / Dividend income - Shares ±ÉÉ¦ÉÉÆ¶É +ÉªÉ- ¨ªÉÚSÉÖ+±É ¡Æòb÷ / Dividend income - Mutual funds ÊxÉ´Éä¶É MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ |É´ÉÉ½þ þ[¤ÉÒ]/ Net Cash Flow From Investing Activities [B]

77,681,549

(17,538,766)

26,687,624

23,237,827

25,000

30,000

0

326,465

104,189,535

5,928,416

-

-

79,113,327

76,590,287

117,986,211

2,523,040

197,099,538

79,113,327

ºÉÒ. Ê´ÉkÉ{ÉÉä¹ÉhÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä xÉEònùÒ |É´ÉÉ½þ/ C. CASH FLOW FROM FINANCING ACTIVITIES

Ê´ÉkÉ{ÉÉä¹ÉhÉ MÉÊiÉÊ´ÉÊvÉªÉÉå ºÉä ÊxÉ´É±É xÉEònùÒ |É´ÉÉ½þ þ [ºÉÒ] Net Cash Flow From Financing Activities [C]

ºÉÉ®úÉ¶Æ É Ê´É´É®úhÉ / Summary Statement ´É¹ÉÇ Eäò +É®Æú¦É ¨Éå xÉEònùÒ B´ÉÆ xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ/ Cash & Cash Equivalents At The Beginning Of The Year

VÉÉäc÷äòÆ : xÉEònùÒ B´ÉÆ xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ ¨Éå ÊxÉ´É±É ´ÉÞÊrù [B] + [¤ÉÒ]

+ [ºÉÒ]

Add: Net Increase In Cash & Cash Equivalents [A+B+C]

´É¹ÉÇ Eäò +ÆiÉ ¨Éå xÉEònùÒ B´ÉÆ xÉEònùÒ ºÉ¨ÉiÉÖ±ªÉ Cash & Cash Equivalents At The End Of The Year





EÞòiÉä BºÉ.{ÉÒ. SÉ]õVÉÔ BÆb÷ EÆò For S. P. Chatterjee & Co.



st

Kolkata, 21 April, 2015




B¨É. +°ü¨ÉÖMÉ¨É / M.Arumugam ºÉÒ<Ç+Éä / CEO



238

<ÇºÉÒBºÉ ¨ÉèÆbä÷] ½äþiÉÖ ¡òÉ¨ÉÇõ/¤ÉéEò JÉÉiÉÉ Ê´É´É®úhÉ (¦ÉÉèÊiÉEò °ü{É ¨Éå ¶ÉäªÉ®ú ®úJÉúxÉä ´ÉÉ±Éä ¶ÉäªÉ®úvÉÉ®úEòÉå ½äþiÉÖ) ¨Éé/½þ¨É .............................................................................BiÉnÂùuùÉ®úÉ ¨Éä®úÉ /½þ¨ÉÉ®É ±ÉÉ¦ÉÉÆ¶É <ÇºÉÒBºÉ uùÉ®úÉ ºÉÒvÉä ¨Éä®úä/½þ¨ÉÉ®äú ¤ÉéEò JÉÉiÉä ¨Éå VÉ¨ÉÉ Eò®úxÉä ½äþiÉÖ <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò EòÉä |ÉÉÊvÉEÞòiÉ Eò®úiÉÉ ½ÚþÄ/Eò®úiÉÒ ½ÚþÄ/Eò®úiÉä ½éþ: ¨Éä®úÉ/½þ¨ÉÉ®úÉ ¡òÉäÊ±ÉªÉÉä ºÉÆ. BB±É¤ÉÒ ………………. ¶ÉäªÉ®úÉå EòÒ ºÉÆJªÉÉ ……………………… ¤ÉéEò JÉÉiÉä EòÉ Ê´É´É®úhÉ Eò. ¤ÉéEò EòÉ xÉÉ¨É

:___________________________________________

JÉ. ¶ÉÉJÉÉ EòÉ xÉÉ¨É B´ÉÆ {ÉiÉÉ

:___________________________________________ :___________________________________________

MÉ. B¨É+É<ÇºÉÒ+É®ú SÉäEò {É®ú =Î±±ÉÊJÉiÉ ¤ÉéEò ¶ÉÉJÉÉ EòÒ 9 +ÆEòÉå EòÒ EÚò]õ ºÉÆ

:___________________________________________

PÉ. +É<ÇB¡òBºÉºÉÒ EòÉäb÷

:___________________________________________

Ró. JÉÉiÉä EòÉ |ÉEòÉ®ú (¤ÉSÉiÉ/SÉÉ±ÉÚ)

:___________________________________________

SÉ. SÉäEò¤ÉÖEò ¨Éå =Î±±ÉÊJÉiÉ JÉÉiÉÉ ºÉÆJªÉÉ

:___________________________________________

Uô. ¶ÉäªÉ®úvÉÉ®úEò EòÉú ]äõ±ÉÒ¡òÉäxÉ xÉÆ¤É®ú, BºÉ]õÒb÷Ò EòÉäb÷ ºÉÊ½þiÉ/¨ÉÉä¤ÉÉ<±É xÉÆ.

:___________________________________________

VÉ. <Ç-¨Éä±É +É<Çb÷Ò, ªÉÊnù ½èþ

:___________________________________________

¨Éé/½þ¨É BiÉnÂùuùÉ®úÉ PÉÉä¹ÉhÉÉ Eò®úiÉÉ ½ÚþÄ/Eò®úiÉÒ ½ÚþÄ/Eò®úiÉä ½èÆ ÊEò >ð{É®ú ÊnùB MÉB Ê´É´É®úhÉ ºÉ½þÒ +Éè®ú {ÉÚhÉÇ ½éþ* ªÉÊnù MÉ±ÉiÉ +Éè®ú +vÉÚ®úÒ ºÉÚSÉxÉÉ näùxÉä Eäò EòÉ®úhÉ +lÉ´ÉÉ +xªÉ iÉEòxÉÒEòÒ EòÉ®úhÉÉä ºÉä ±ÉäxÉnäùxÉ ¨Éå Ê´É±É¨¤É ½þÉiä ÉÉ ½èþ +lÉ´ÉÉ ±ÉäxÉnäùxÉ xÉ½þÓ ½þÉä {ÉÉiÉÉ ½èþ iÉÉä ¨Éé <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò EòÉä =kÉ®únùÉªÉÒ xÉ½þÓ `ö½þ®úÉ=ÆMÉÉ/`ö½þ®úÉ=ÆMÉÒ/`ö½þ®úÉBÆMÉä* ¶ÉäªÉ®úvÉÉ®úEò(EòÉÆ)ä Eäò ½þºiÉÉIÉ® ºÉä´ÉÉ ¨Éå : ¨Éä. B¨ÉºÉÒBºÉ Ê±ÉÊ¨É]äõb÷ (ªÉÚÊxÉ]õõ: <±ÉÉ½þÉ¤ÉÉnù ¤ÉéEò) 77/2B, ½þÉVÉ®úÉ ®úÉbä ÷ EòÉä±ÉEòÉiÉÉ-700 029

ú

EÚò]õ ºÉÆJªÉÉ/Ê´É´É®úhÉ EòÒ ºÉ]õÒEòiÉÉ Eäò ºÉiªÉÉ{ÉxÉ ½äþiÉÖ EÞò{ÉªÉÉ +{ÉxÉä =Hò JÉÉiÉä ºÉä ºÉÆ¤ÉÆÊvÉiÉ +É{ÉEäò ¤ÉéEò uùÉ®úÉ VÉÉ®úÒ SÉäEò EòÉ BEò ±ÉÒ¡ò ÊxÉ®úºiÉ Eò®úEòä ºÉÆ±ÉMxÉ Eò®åú* ªÉÊnù +É{ÉEòÉ ¶ÉäªÉ®ú bÒ÷¨Éè]õ ¡òÉ¨ÉÇ ¨Éå ½è iÉÉä EÞò{ÉªÉÉ +{ÉxÉÉ <ÇºÉÒBºÉ ¨ÉèbÆ ÷ä]õ ºÉÆ¤ÉÆÊvÉiÉ Êb÷{ÉÉÊVÉ]õ®úÒ {ÉÉÌ]õÊºÉ{Éå]õ EòÉä =ºÉEäò uùÉ®úÉ ÊxÉvÉÉÇÊ®úiÉ ¡òÉ¨Éæ]õ ¨Éå ¦ÉäVÉå* 239

FORM FOR ECS MANDATE/BANK PARTICULARS (FOR SHAREHOLDERS HOLDING SHARES IN PHYSICAL FORM)

I/We---------------------------------------------------------------- do hereby authorize Allahabad Bank to credit my/our dividend amount directly to my/our bank by ECS. My/Our Folio No. ALB.................................. No. of Shares............................................... Particulars of Bank A. Bank Name

: —————————————————————

B. Branch Name & Address

: ————————————————————— : —————————————————————

C. 9 Digit MICR Code No. of the Bank Branch Appearing on the MICR Cheque

: —————————————————————

D. IFSC Code

: —————————————————————

E. Type (Saving/Current)

: —————————————————————

F. No. as appearing in the Cheque Book

: —————————————————————

G. Telephone No. with STD Code/ Mobile No. of shareholder

: —————————————————————

H. E-mail ID, if any

: —————————————————————

I/we hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information or due to other technical reasons, I/we would not hold Allahabad Bank responsible.

Signature of the shareholder(s) Mail to :

M/S MCS Limited (Unit: Allahabad Bank) 77/2A, Hazra Road Kolkata-700 029 Please attach a blank cancelled cheque issued by your bank relating to your above for ing the accuracy of the code numbers/ details. In case you are holding shares in demat form, kindly send the ECS Mandate to the concerned Depository Participant (DP) directly, in the format prescribed by the DP.

240

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