A financial services firm which operates across asset markets and products. .

ANNUAL

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  Annual accounts for the FY 2008-09



Profit and Loss Account for the year ended 31st March, 2010

      (Amount in Rs.)
  SCH 2009-10 2008-09
INCOME      
Sale of Securities 9 93,546,882,821.11 45,736,254 ,842.93
Increase/(Decrease) in Stock-in-Trade 10 (13,68,19,600.07) 2,679,247,871.50
Interest Income 11 2,7, 03 28, 495.89 1,72,914,199.89
Income from Derivatives Trading 12  5,211,755.07 (12579836.36)
Income from Investments    5,536,655.76 .00
Other  Income 13 27,414,904.34  1,633,222.23
Dividend Income    8,332,961.67 207,521,900.00
TOTAL INCOME   93,72,68,87,993.77 48,784,992,200.19
EXPENDITURE      
Purchase of Securities 14 93,293,836,182.81 48,212,035,346.24
Interest on Borrowings 15 33,856,601.20  5,456,798.00
Other Financial Payments  16  4,440,915.63  3,427,117.17
Personnel Cost 17 37,311,083.97 30,441,010.50
Administration and Other Expenses        18 4 95 36 284.97 48,858,336.38
Depreciation   11318951.36  8,795,088.35
TOTAL EXPENDITURE   9,343 ,03 ,00, 019.94 4,830 ,90, 13, 696.64
Profit Before Tax, Prior Period & Exceptional Items   296,587,973.83 475,978,503.55
Prior Period Items      .00 18,032,443.89
Exceptional Items: (Refer Note no. 30)     (83,497,151.52)
PROFIT BEFORE TAX   296,787,973.83 410,513,795.92
Less: Provision for Tax      
Current Tax (MAT)   48,881,500.00 22,911,070.00
Less: MAT Credit Entitlement   (48,881,500.00) (22,911,070.00)
Deferred Tax    96,105,632.00 807,39,376.00
Provision for Wealth Tax   632,700.00  649,000.00
Fringe Benefit Tax      .00 373000.00
PROFIT  AFTER TAX    199,849,641.83 328,752,419.92
       
Balance brought forward from last year   409,621,330.15 137,458,499.23
Less :- Utilised for Premium on Buy Back of Shares   (157,482,729.00)  
Tax Adjustments (Net - Refer Note 17)    13,684,726.00  9,210,411.00
AMOUNT AVAILABLE FOR APPROPRIATION   465,672,968.98 475,421,330.15
       
Appropriations / ( Withdrawals )      
General Reserve      
Statutory Reserve  (as per Section 45IC of the RBI Act, 1934)   400,00,000.00 65,800,000.00
Balance carried to Balance Sheet   425,672,968.98 409,621,330.15
    465,672,968.98 4,75,421,330.15
       
Basic and Diluted Earnings Per Share (Rs)  - Refer Note 9   5.15 8.02
Significant Accounting Policies  19    
Notes Forming part of the Accounts 20    
       
As per our report of even date  On behalf of the Board of Directors  
       
       
       
For and on behalf of Chandabhoy & Jasoobhoy (D. Basu) ( T.C. Venkat Subramanian) (P. Sanyal)
Chartered Accountants Chairman          Director Managing Director
       
       
(Manish D. Shah)      
Partner (Kamlesh Rathi)   ( K.V.S.Mani)
Membership No. 38955 Chief Manager   Company Secretary
       
Mumbai, Mumbai,    
April 21, 2010 April 21, 2010    

Schedules to the Accounts for the year ended 31st March, 2010

(Rupees in lakhs)
  2008-09 2007-08
SCHEDULE- 8        
CURRENT LIABILITIES & PROVISIONS:        
a) Current Liabilities        
Creditors for expenses 78.47   33.44  
Other liabilities  16.79   19.72  
TDS Refundable 0.00 95.26 8.43 61.59
         
b) Provisions        
For Taxation 556.84   11,627.73  
For Wealth Tax 53.39   46.90  
For Stamp Duty 53.80   52.38  
For Performance Linked Incentive 40.00   20.00  
For Indemnities  362.34   0.00  
For loss on Commodity futures 0.00   0.39  
For Gratuity & Leave salary 50.82 1,117.19 39.96 11,787.36
         
TOTAL   1,212.45   11,848.95
         
SCHEDULE- 9        
         
SALE OF SECURITIES (net of brokerage)        
Sales - Treasury Bills         0.00   87,924.51
Sales - A/c -  CP   4,000.00   5,890.51
Sales - A/c -  Certificates of Deposit   15,316.73   36,639.34
Sales - A/c -  PTC   87.59   119.58
Sales - A/c  - GOI  Securities   139,256.86   394,970.21
Sales - A/c  - GOI  Special Securities   0.00   10,950.14
Sales - A/c -  FI Bonds   3,973.40   37,796.88
Sales - A/c -  Equity shares   2,811.61   15,079.10
Sales - A/c -  Liquid Mutual Funds   291,916.35   225,391.08
TOTAL   457,362.54   814,761.34
SCHEDULE- 10        
         
IMCREASE/(DECREASE) IN STOCKS        
Closing Stock - Treasury Bills   0.00   0.00  
Less: Opening stock - Treasury Bills 0.00 0.00 42,404.43 (42,404.43)
         
Closing Stock - Commercial Paper 7,292.36   489.37  
Lesss: Opening Stock 489.37 6,802.99 3,369.51 (2,880.14)
         
Closing Stock -Certificates of Deposit 7,291.77   6,342.28  
Less: Opening Stock  6,342.28 949.49 25,405.52 (19,063.23)
         
Closing Stock - PTC 93.49   164.44  
Less: Opening Stock  164.44 (70.95) 262.31 (97.87)
         
Closing Stock -  GOI  Securities 927.99   0.09  
Less: Opening Stock  0.09 927.90 90,879.71 (90,879.62)
         
Closing Stock - GOI  Special Securities 0.00   0.00  
Less: Opening Stock  0.00 0.00 7,583.72 (7,583.72)
         
Closing Stock - FI Bonds  3,502.80   5,999.80  
Less: Opening Stock  5,999.80 (2,497.00) 10,892.18 (4,892.38)
         
Closing Stock - Equity Shares 0.15   640.09  
Less: Opening Stock  640.09 (639.94) 1,142.73 (502.64)
         
Closing Stock -Liquid Mutual Funds 22,300.00   980.00  
Less: Opening Stock  980.00 21,320.00 0.00 980.00
         
TOTAL   26,792.49   (167,324.02)
SCHEDULE- 11        
         
INTEREST INCOME        
- Call Money   0.00   39.86
- Government Securities   143.72   617.30
- FI & Other Bonds   399.10   472.28
- IPO lending   0.00   168.21
- Loans agst shares   590.33   1.70
- Others   94.56   171.08
- Fixed Deposits   501.43   2,884.27
TOTAL   1,729.14   4,354.70
SCHEDULE- 12        
         
INCOME FROM DERIVATIVES        
Interest Rate Swaps   0.00   (360.35)
Equity futures and options   (71.01)   521.67
Commodity futures   (36.71)   (0.05)
TOTAL   (107.72)   161.27
SCHEDULE- 13        
         
OTHER INCOME        
Underwriting Fees   0.00   19.77
Other Fee Income   8.98   144.59
PMS Fees   0.00   25.76
Discount on CBLO Lending   0.00   16.03
Miscellaneous Income    7.35   0.13
TOTAL   16.33   206.28
SCHEDULE- 14        
         
PURCHASE OF SECURITIES        
Purchases  - Treasury Bills         0.00   45,271.19
Purchases - Commercial Paper   10,331.09   2,951.28
Purchases - Certificates of Deposit   15,163.82   17,143.72
Purchases  - GOI  Securities   140,193.39   305,642.36
Purchases -  GOI  Special Securities   0.00   3,344.81
Purchases - FI Bonds   1,473.08   32,906.35
Purchases - Equity Shares   2,249.97   13,421.34
Purchases - Liquid Mutual Funds   312,709.00   225,868.64
TOTAL   482,120.35   646,549.69
SCHEDULE - 15        
         
INTEREST ON BORROWINGS        
Interest on         
- Call Money 0.00   669.10  
- Borrowings from RBI 0.00   39.66  
- Inter-Corporate Deposits 0.00   498.30  
- Borrowings against FDs 54.57 54.57 270.19 1,477.25
Discount on CP Issued   0.00   258.80
Discount on CBLO borrowing   0.00   263.43
TOTAL   54.57   1,999.48
SCHEDULE - 16        
         
OTHER FINANCIAL PAYMENTS        
Expenses on CP Issued   0.00   4.19
Expenses on REPO   0.00   7.16
Bank Charges   0.66   4.05
DP/CCIL charges   25.80   41.94
Other  Payments/Charges   7.81   18.29
Securities Transaction Tax (STT)   18.07   45.01
TOTAL   52.34   120.64
SCHEDULE - 17        
         
PERSONNEL COST        
Salaries, Wages, Allowances, etc.   275.74   262.80
Contribution to P F & other Funds   16.90   17.62
Staff Welfare expenses   11.78   11.86
         
TOTAL   304.42   292.28
SCHEDULE - 18        
         
ADMINISTRATION & OTHER EXPENSES        
         
Advertising Expenses   0.52   3.40
Donations   0.00   1.03
Electricity charges   12.41   12.69
Information Services   31.48   57.87
Insurance Charges   7.73   15.84
Miscellaneous Expenses   3.60   4.81
Office Expenses   20.87   28.21
Payment to Auditors :        
- Statutory Fees 2.48   2.25  
- Tax Audit Fees 0.66   0.67  
- Other  Fees 1.72 4.86 0.28 3.20
Out of pocket expenses   0.00   0.04
Postage,Telephone & Telegrams   18.76   29.10
Printing & stationery Expenses   6.94   6.87
Professional Fees   73.05   440.97
Rates & Taxes   0.54   0.78
Rent   252.36   313.58
Repairs & Maintanance    30.05   39.52
Sitting Fees to Directors   2.25   2.95
Service Tax - PMS fees   0.00   1.23
Travelling, Conveyance & Car Expenses   23.16   25.10
Loss on sale of asset   0.00   20.62
         
TOTAL   488.58   1,007.82


Balance Sheet as at 31st March, 2010

SCH AS AT MARCH 31, 2010 AS AT MARCH 31, 2009
           
SOURCES OF FUNDS           
           
1. Shareholders' Funds           
a) Share Capital 1 380 00 00 000.00   410 00 00 000.00  
b) Reserves and Surplus 2 404 34 72 968.98 784 34 72 968.98 411 19 38 601.15 821 19 38 601.15
           
2. Loan Funds          
a) Secured Loans 3    .00      .00  
b) Unsecured Loans 4 317 54 20 512.00 317 54 20 512.00    .00    .00
           
TOTAL   1101 88 93 480.98   821 19 38 601.15
           
APPLICATION  OF FUNDS           
1. Fixed Assets 5        
Gross Block   13 38 94 421.80   13 31 18 011.80  
Less : Depreciation    6 25 08 096.82   5 15 29 129.62  
Net Block   7 13 86 324.98   8 15 88 882.18  
Capital Work-in-Progress (incl. Capital Advances)   23 77 63 739.00 30 91 50 063.98    .00 8 15 88 882.18
           
2. Investments 6   291 27 76 256.13   277 52 47 303.00
           
3. Deferred Tax Assets (Net)  (Refer Note no.11)     16 35 31 756.00   25 96 37 388.00
           
4. Current Assets, Loans and advances 7        
a) Stock-in-Trade   400 40 36 116.73   414 08 55 716.80  
b) Cash & Bank Balances    69 42 205.79   1 73 45 260.37  
c) Other Current Assets   5 70 63 928.01   2 70 77 968.20  
d) Loans and Advances   376 88 67 509.52   103 14 31 217.29  
    783 69 09 760.05   521 67 10 162.66  
Less: Current Liabilities  and Provisions 8        
a) Current Liabilities    3 46 78 498.76    95 26 454.69  
b) Provisions   16 87 95 856.42   11 17 18 680.00  
    20 34 74 355.18   12 12 45 134.69  
Net Current Assets     763 34 35 404.87   509 54 65 027.97
           
TOTAL   1101 88 93 480.98   821 19 38 601.15
As per our report of even date    On behalf of the Board of Directors    
           
           
           
           
For and on behalf of Chandabhoy & Jasoobhoy   (D. Basu) (T.C.Venkat Subramanian) (P. Sanyal)
Chartered Accountants   Chairman              Director   Managing Director
           
           
           
(Manish D. Shah)          
Partner   (Kamlesh Rathi)     ( K.V.S.Mani)
Membership No. 38955   Chief Manager     Company Secretary
           
Mumbai,   Mumbai,      
April 21, 2010   April 21, 2010      

Schedules to the Accounts fot the year ended 31st March, 2010

        (Amount in Rs.)
  2009-10 2008-09
SCHEDULE- 8        
CURRENT LIABILITIES & PROVISIONS:        
a) Current Liabilities        
Creditors for expenses  47 24 211.20    78 47 331.12  
Other liabilities   82 85 246.59    16 79 123.57  
Intetest Recd. in Advance 2 16 69 040.97 3 46 78 498.76    95 26 454.69
         
b) Provisions        
For Taxation 10 74 62 081.00   5 56 84 120.00  
For Wealth Tax  59 71 700.00    53 39 000.00  
For Stamp Duty  60 28 323.00    53 79 583.00  
For Performance Linked Incentive  51 85 000.00    40 00 000.00  
For Indemnities  3 62 33 895.00   3 62 33 895.00  
For loss on Equity Futures&Options  1 13 910.14      .00  
For loss on Commodity futures   28 223.28      .00  
For Gratuity & Leave salary  77 72 724.00 16 87 95 856.42  50 82 082.00 11 17 18 680.00
         
TOTAL   20 34 74 355.18   12 12 45 134.69
         
SCHEDULE- 9        
         
Sale of Securities        
Sales -  Commercial Paper   75 00 00 000.00   40 00 00 000.00
Sales -  Certificates of Deposit   75 00 00 000.00   153 16 72 850.00
Sales -  Pass Through Certificate    67 25 496.00    87 59 337.00
Sales - GOI  Securities   1341 91 50 320.00   1392 56 86 300.00
Sales -  FI Bonds   464 01 33 285.00   39 73 39 650.00
Sales -  Equity shares   71 54 86 454.25   28 11 61 238.95
Sales - Liquid Mutual Funds   7326 53 87 265.86   2919 16 35 466.98
TOTAL   9354 68 82 821.11   4573 62 54 842.93
SCHEDULE- 10        
         
Increase/(Decrease) in Stock        
         
Closing Stock - Commercial Paper 49 85 35 788.00   72 92 36 091.00  
Less: Opening Stock 72 92 36 091.00 (23 07 00 303.00) 4 89 37 150.00 68 02 98 941.00
         
Closing Stock -Certificates of Deposit 99 83 06 863.00   72 91 76 730.00  
Less: Opening Stock  72 91 76 730.00 26 91 30 133.00 63 42 28 471.00 9 49 48 259.00
         
Closing Stock - PTC  39 62 156.00    93 48 751.80  
Less: Opening Stock   93 48 751.80 ( 53 86 595.80) 1 64 44 045.00 ( 70 95 293.20)
         
Closing Stock -  GOI  Securities   8 918.00   9 27 99 134.00  
Less: Opening Stock  9 27 99 134.00 (9 27 90 216.00)   9 134.00 9 27 90 000.00
         
Closing Stock - FI Bonds  129 41 16 000.00   35 02 80 000.00  
Less: Opening Stock  35 02 80 000.00 94 38 36 000.00 59 99 80 000.00 (24 97 00 000.00)
         
Closing Stock - Equity Shares 5 51 06 391.73     15 010.00  
Less: Opening Stock    15 010.00 5 50 91 381.73 6 40 09 045.30 (6 39 94 035.30)
         
Closing Stock -Liquid Mutual Funds 115 40 00 000.00   223 00 00 000.00  
Less: Opening Stock  223 00 00 000.00 (107 60 00 000.00) 9 80 00 000.00 213 20 00 000.00
         
TOTAL   (13 68 19 600.07)   267 92 47 871.50
SCHEDULE- 11        
         
Interest Income        
- Government Securities   3 60 62 141.33   1 43 71 680.18
- FI & Other Bonds   7 64 61 553.38   3 99 10 397.41
- Loan Against Shares   14 52 30 480.99   5 90 32 826.42
- Corporate Lending    30 27 397.36      .00
- Fixed Deposits & Others    95 46 922.83   5 95 99 295.88
TOTAL   27 03 28 495.89   17 29 14 199.89
SCHEDULE- 12        
         
Income From Derivatives        
Equity Futures and Options   1 11 98 217.22   ( 89 08 937.22)
Commodity Futures   ( 59 86 462.15)   ( 36 70 899.14)
TOTAL    52 11 755.07   (1 25 79 836.36)
SCHEDULE- 13        
         
Other Income        
Other Fee Income    5 85 330.81    8 97 722.23
Other Income - Loan Processing Fees    36 20 000.00      .00
Interest On Tax Refunds   2 00 73 741.00      .00
Miscellaneous Income     31 35 832.53    7 35 500.00
TOTAL   2 74 14 904.34    16 33 222.23
SCHEDULE- 14        
         
Purchase of Securities        
Purchases - Commercial Paper   49 36 09 000.00   103 31 08 650.00
Purchases - Certificates of Deposit   99 71 87 750.00   151 63 82 350.00
Purchases  - GOI  Securities   1335 24 00 407.00   1401 93 39 000.00
Purchases - FI Bonds   558 46 59 290.00   14 73 08 150.00
Purchases - Equity Shares   75 18 34 194.12   22 49 97 196.24
Purchases - Liquid Mutual Funds   7211 41 45 541.69   3127 09 00 000.00
TOTAL   9329 38 36 182.81   4821 20 35 346.24
SCHEDULE - 15        
         
Interest on Borrowings        
Interest on         
- Borrowings against FDs      .00    54 56 798.00
Discount on CP Issued   3 06 78 912.00      .00
Discount on CBLO borrowing    31 77 689.20      .00
TOTAL   3 38 56 601.20    54 56 798.00
SCHEDULE - 16        
         
Other Financial Payments        
Expenses on CP Issued    4 88 689.00      .00
Bank Charges     11 303.63     65 749.00
DP/CCIL charges    24 74 358.12    25 80 475.00
Other  Payments/Charges    14 66 564.88    7 80 893.17
TOTAL    44 40 915.63    34 27 117.17
SCHEDULE - 17        
         
Personnel Cost        
Salaries, Wages, Allowances, etc.   3 32 14 883.72   2 75 73 719.00
Contribution to P F & Other Funds    23 76 371.00    16 89 741.00
Staff Welfare Expenses    17 19 829.25    11 77 550.50
TOTAL   3 73 11 083.97   3 04 41 010.50
SCHEDULE - 18        
         
Administration & Other Expenses        
Advertising Expenses     59 348.00     52 418.00
Electricity Charges    9 27 249.30    12 40 950.62
Information Services    45 67 130.80    31 47 852.42
Insurance Charges    10 99 025.00    7 73 313.00
Miscellaneous Expenses    1 43 101.30    4 13 975.39
Office Expenses    15 92 813.15    20 86 791.47
Auditors Remuneration :        
- Statutory Fees  2 48 175.00    2 48 175.00  
- Tax Audit Fees   82 725.00     66 180.00  
- Other  Fees  1 65 450.00  4 96 350.00  1 71 995.00  4 86 350.00
Postage,Telephone & Telegram    16 68 379.28    18 76 100.88
Printing & Stationery Expenses    6 77 788.00    6 93 997.00
Professional Fees    77 69 256.00    73 04 508.00
Rent   2 52 82 082.00   2 52 35 761.89
Repairs & Maintanance     24 62 099.80    30 05 182.37
Sitting Fees to Directors    7 25 000.00    2 25 000.00
Travelling, Conveyance & Car Expenses    18 78 390.50    23 16 135.34
Loss on Sale of Asset    1 88 271.84      .00
TOTAL   4 95 36 284.97   4 88 58 336.38
         
Sub-Schedule to Administrative Expenses 2009-10 2008-09    
Amount (Rs) Amount (Rs)    
         
Office Expenses         
Annual Subscription   97 821.70  4 58 391.00    
Board Meeting Expenses  1 27 417.42  4 79 237.00    
Business Development Expenses  3 08 554.27  1 22 537.33    
Newspaper & periodicals   23 790.00   30 536.00    
Office Expenses  10 17 403.76  9 94 476.14    
Library Book   17 826.00   1 614.00    
Total  15 92 813.15  20 86 791.47    
         
Rent         
Rent 2 68 27 211.00 2 66 17 104.89    
Less House Rent Recovery  15 45 129.00  13 81 343.00    
Total 2 52 82 082.00 2 52 35 761.89    
         
Travelling Conv. & Motor Car Exp. :        
Travelling Expenses  18 78 390.50  23 16 135.34    
Conveyance        
Total  18 78 390.50  23 16 135.34    
         
Miscellaneous Expenses :        
Computer Software expenses   33 830.00   76 208.90    
Conference Expenses    .00    .00    
Miscellaneous Expenses   77 910.00  2 83 502.49    
Rates & taxes   31 361.30   54 264.00    
Total  1 43 101.30  4 13 975.39    
         
Rates & Taxes :        
Rates & Taxes   10 534.00   35 510.00    
Stamp Fees    6 275.30   2 360.00    
Filing Fees   14 552.00   16 394.00    
         
Total   31 361.30   54 264.00    
         
Salaries , Wages & Allowances :        
Salaries 2 27 34 399.02 1 95 96 142.00    
Staff Allowance Expenses  38 57 026.00  36 98 824.00    
TDS on Housing perks  2 37 880.00  1 96 990.00    
Medical Expenses  2 39 501.70  2 50 714.00    
Leave Travel Allowance  25 45 250.00  23 46 250.00    
Leave Encashment  35 11 227.00  13 65 599.00    
Stipend   89 600.00  1 19 200.00    
Total 3 32 14 883.72 2 75 73 719.00    
         
Staff Welfare Expenses :        
Staff Welfare Expenses  15 48 656.25  10 49 519.50    
Training Expenses  1 71 173.00  1 28 031.00    
Total  17 19 829.25  11 77 550.50     

 

 
       (Amount in Rs.)
  AS AT MARCH 31, 2010 AS AT MARCH 31, 2009
SCHEDULE -1         
         
SHARE CAPITAL        
         
Authorised        
  50,000,000 Equity Shares of Rs.100/- each   500 00 00 000.00   500 00 00 000.00
         
Issued, Subscribed and Paid-up         
41,000,000 Equity shares  of Rs. 100/- each fully paid  410 00 00 000.00      
Less :- 3,000,000 shares of Rs 100/- each bought back at Rs. 194/-each during the year (30 00 00 000.00)      
38,000,000 Equity Shares ( 38,000,000 previous year) of Rs. 100/- each fully paid   380 00 00 000.00   410 00 00 000.00
TOTAL   380 00 00 000.00   410 00 00 000.00
SCHEDULE - 2        
         
RESERVES AND SURPLUS        
         
General Reserve        
Balance as per last Balance Sheet 42 45 17 271.00   42 50 00 000.00  
Utilised for premium on buy-back of shares (12 45 17 271.00)      .00  
Trf. to Capital Redemption Reserve on buyback of shares (30 00 00 000.00)      .00  
Less:- Tansitional liab. On AS 15       ( 4 82 729.00)  
Amount transferred from Profit and Loss Account    .00    .00    .00 42 45 17 271.00
         
Reserve created pursuant to Section 45 I C of RBI Act,        
1934 as amended by RBI (Amendment) Act, 1997 *        
Balance as per last Balance Sheet 237 78 00 000.00   231 20 00 000.00  
Amount transferred from Profit and Loss Account 4 00 00 000.00 241 78 00 000.00 6 58 00 000.00 237 78 00 000.00
         
Capital Redemption Reserve  90 00 00 000.00      
Add :- Transferred from General Reserve 30 00 00 000.00 120 00 00 000.00   90 00 00 000.00
           
Balance in Profit and Loss Account    42 56 72 968.98   40 96 21 330.15
* Forms part of Free Reserves, Net owned funds & Tier I capital        
TOTAL   404 34 72 968.98   411 19 38 601.15
         
SCHEDULE - 3        
         
SECURED LOANS       .00      .00
         
TOTAL      .00      .00
SCHEDULE - 4        
         
UNSECURED LOANS        
Short-Term Loans and Advances        
Commercial Paper Issued 335 00 00 000.00      .00  
Less : Unamortized discount  17 45 79 488.00 317 54 20 512.00    .00    .00
         
TOTAL   317 54 20 512.00      .00
SCHEDULE - 6        
         
INVESTMENTS - (At Cost unless otherwise stated)        
  F. V. Per Share (Rs.) No. of Shares Book Value No. of Shares Book Value
Long Term Investments          
A) Trade Investments  (Unquoted)          
In fully paid up Equity Shares of :          
The Clearing Corporation of India Ltd. 10  50 00 000 5 00 00 000.00  50 00 000 5 00 00 000.00
Standard Chartered STCI Capital Markets Ltd.  10  80 60 302 71 19 91 682.00  80 60 302 71 19 91 682.00
         
      76 19 91 682.00   76 19 91 682.00
B) Subsidiary Companies (Unquoted)          
In fully paid up Equity Shares of :          
STCI Primary Dealer Ltd.   10 20 00 00 000 200 00 00 000.00 20 00 00 000 200 00 00 000.00
STCI Commodities Ltd.   10  45 00 000 1 32 55 621.00  45 00 000 3 86 93 223.00
Less:- Provision for decline in value of  STCI Commodities Ltd.        .00   (2 54 37 602.00)
    201 32 55 621.00   201 32 55 621.00
           
Current Investments  (Quoted)          
In fully paid up Equity Shares of :          
Adani Enterprises Ltd. 1   8 000  37 57 600.10      .00
Andhra Bank 10   48 116  48 74 132.76      .00
Bharti Airtel Ltd. 5   30 000  93 76 499.60      .00
Bharat Heavy Electricals Ltd. 10   7 000 1 67 34 550.04      .00
Crompton Greaves Ltd. 2   40 250  99 97 971.30      .00
Financial Technologies Ltd. 2   5 000  78 43 000.30      .00
GAIL (India) Ltd. 10   10 000  40 30 948.00      .00
ICICI Bank Ltd 10   10 000  95 25 000.00      .00
Indian Bank 10   10 000  17 00 352.00      .00
Larsen & Toubro Ltd. 2   4 000  65 23 400.40      .00
Mundra Port & Special Economic Zone Ltd. 10   16 000 1 20 55 864.80      .00
National Thermal Power Corp. Ltd. 10   60 000 1 20 84 634.00      .00
Power Grid Corp. of India Ltd. 10   70 000  75 00 500.00      .00
Reliance Industries Ltd 10   10 000 1 07 42 500.03      .00
State Bank of India 10   10 000 2 07 81 999.80      .00
      13 75 28 953.13      .00
           
AGGREGATE BOOK VALUE OF INVESTMENTS   291 27 76 256.13   277 52 47 303.00
Book Value of Unquoted Investments      277 52 47 303.00   277 52 47 303.00
Book Value of Quoted Investments      13 75 28 953.13      .00
Market Value of Quoted Investments      13 94 23 038.97      .00
           
During the year, the following current investments were purchased and sold           
    Purchase Cost   Purchase Cost
Fully paid up Equity Shares of :          
ABB Ltd. 2   7 000  57 43 509.90      .00
Bank of Baroda 10   15 000  82 57 517.00      .00
Cairn India Ltd. 10   10 000  28 47 515.00      .00
Dr. Reddy Laboratories 5   12 000 1 44 30 340.90      .00
Glenmark Ltd. 1   25 000  60 70 070.90      .00
 ITC Ltd 1   60 000 1 46 03 489.50      .00
M & M Ltd 5   5 000  48 48 491.50      .00
Relaince Infrastructure Ltd. 10   12 000 1 23 38 607.00      .00
Sterlite Industries (India) Ltd. 2   5 000  40 93 316.50      .00
TCS 1   10 000  75 53 721.00      .00
           
           
           
           
SCHEDULE- 7        
         
CURRENT ASSETS, LOANS AND ADVANCES        
         
A) CURRENT ASSETS        
Stock-in-Trade         
( As certified and valued by Management )        
( Please also refer Note No.3 of Schedule 19 )        
Government Securities   8 918.00   9 27 99 134.00  
FI & Other Bonds 129 41 16 000.00   35 02 80 000.00  
Liquid Mutual Funds 115 40 00 000.00   223 00 00 000.00  
Certificates of Deposit 99 83 06 863.00   72 91 76 730.00  
Commercial Paper 49 85 35 788.00   72 92 36 091.00  
Equity Shares 5 51 06 391.73     15 010.00  
Pass Through Certificates  39 62 156.00 400 40 36 116.73  93 48 751.80 414 08 55 716.80
     
Cash and Bank Balances        
Cash in hand    4 391.00     4 409.00  
Balances with Scheduled Banks        
 -  In Current Account  69 37 814.79   1 73 40 851.37  
Balances with Reserve Bank of India    .00  69 42 205.79    .00 1 73 45 260.37
Other Current Assets        
Accrued interest on :        
 - Government Securities      134.00    9 91 662.00  
 - FI & Other Bonds   3 11 76 427.00   1 90 80 822.00  
 - Others 2 58 87 367.01 5 70 63 928.01  70 05 484.20 2 70 77 968.20
     
B) LOANS & ADVANCES        
         
Loans & Advances towards financing activities        
 Secured considered good        
Loan Against Shares 288 00 40 000.00   50 12 00 000.00  
Corporate Lending 25 00 00 000.00      .00  
         
Other Loans & Advances        
Unsecured considered good        
Advance Paid to Suppliers (due for more than six months)  4 99 999.00    4 99 999.00  
Loans & Advances to Staff   7 61 239.00      .00  
Loans to subsidiary STCI Commodities Ltd.  70 00 000.00    70 00 000.00  
Advances recoverable in cash or         
in kind or for  value to be received :        
Margin Money with CCIL  11 00 000.00    1 00 000.00  
Margin Money for Equity F&O 10 00 00 000.00   9 99 00 000.00  
Advance Payment of Direct Taxes 37 20 55 749.09   37 88 24 306.89  
Income Tax Refund Due 14 24 89 868.00      .00  
Deposits  22 23 426.00   3 61 97 922.00  
Other Receivables    7 11 151.15    4 37 480.00  
Receivable from Custodian for Commodities   42 16 732.44    30 03 194.71  
Service Tax Input Credit  3 29 378.67     34 276.18  
Daily MTM on Equity Futures   93 996.89      .00  
Daily MTM on Commodity Futures   28 223.28      .00  
Prepaid Expenses  73 17 746.00 376 88 67 509.52  42 34 038.51 103 14 31 217.29
         
TOTAL   783 69 09 760.05   521 67 10 162.66
SCHEDULE- 8        
         
CURRENT LIABILITIES & PROVISIONS        
A) Current Liabilities        
Creditors for Expenses / Brokerage  47 24 211.20    78 47 331.12  
Other Liabilities   82 85 246.59    16 79 123.57  
Intetest Recd. in Advance 2 16 69 040.97 3 46 78 498.76    .00  95 26 454.69
         
B) Provisions        
For Taxation 10 74 62 081.00   5 56 84 120.00  
For Wealth Tax  59 71 700.00    53 39 000.00  
For Performance Linked Incentives  51 85 000.00    40 00 000.00  
For Stamp Duty  60 28 323.00    53 79 583.00  
For Indemnities  3 62 33 895.00   3 62 33 895.00  
For Loss on Equity Futures & Options  1 13 910.14      .00  
For Loss on Commodity futures   28 223.28      .00  
For Gratuity & Leave Salary  77 72 724.00 16 87 95 856.42  50 82 082.00 11 17 18 680.00
         
TOTAL   20 34 74 355.18   12 12 45 134.69




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