Professional Documents
Culture Documents
TO THE MEMBERS OF (c) the Balance Sheet, the Profit and Loss Account and the
BOMBAY STOCK EXCHANGE LIMITED Cash Flow Statement dealt with by this report are in
agreement with the books of account;
1. We have audited the attached Balance Sheet of BOMBAY
STOCK EXCHANGE LIMITED ("the Company") as (d) in our opinion, the Balance Sheet, the Profit and Loss
at 31st March, 2010, the Profit and Loss Account and the Cash Account and the Cash Flow Statement dealt with by this
Flow Statement of the Company for the year ended on that report are in compliance with the Accounting Standards
date, both annexed thereto. These financial statements are referred to in Section 211(3C) of the Companies Act, 1956;
the responsibility of the Company's Management. Our
(e) in our opinion and to the best of our information and
responsibility is to express an opinion on these financial
according to the explanations given to us, the said accounts
statements based on our audit.
give the information required by the Companies Act, 1956
2. We conducted our audit in accordance with the auditing in the manner so required and give a true and fair view in
standards generally accepted in India. Those Standards require conformity with the accounting principles generally
that we plan and perform the audit to obtain reasonable accepted in India:
assurance about whether the financial statements are free of
(i) in the case of the Balance Sheet, of the state of affairs
material misstatements. An audit includes examining, on a test
of the Company as at 31st March, 2010;
basis, evidence supporting the amounts and the disclosures in
the financial statements. An audit also includes assessing the (ii) in the case of the Profit and Loss Account, of the profit
accounting principles used and the significant estimates made of the Company for the year ended on that date and
by the Management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a (iii) in the case of the Cash Flow Statement, of the cash
reasonable basis for our opinion. flows of the Company for the year ended on that date.
3. As required by the Companies (Auditor's Report) Order, 2003 5. On the basis of the written representations received from the
(CARO) issued by the Central Government in terms of Section Directors as on 31st March, 2010 taken on record by the
227(4A) of the Companies Act, 1956, we enclose in the Board of Directors, none of the Directors is disqualified as on
Annexure a statement on the matters specified in paragraphs 31st March, 2010 from being appointed as a director in terms
4 and 5 of the said Order. of Section 274(1)(g) of the Companies Act, 1956.
35
BALANCE SHEET AS AT 31ST MARCH, 2010
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010
2008-09
PARTICULARS Schedule
Rupees Rupees
INCOME
Trading Members I 1,344,384,226 1,236,982,575
Investments and Deposits J 2,457,248,559 2,218,181,456
Services to Corporates K 591,451,900 292,436,108
Training Institute 58,063,730 70,817,856
Other Services L 400,992,078 392,525,131
TOTAL 4,852,140,493 4,210,943,126
EXPENDITURE
Computer Technology Related Expenses (See Notes 16 & 17 of Schedule "N") 606,311,657 481,576,211
Employee Costs
– Salaries, Allowances and Bonus 374,185,418 227,177,670
– Staff Welfare Expenses 56,666,812 41,477,111
– Contribution to Provident and Pension Funds 23,379,597 17,369,413
– Contribution to Gratuity Funds 32,774,519 5,275,649
– Arrears of Employee Costs (See Note 20 of Schedule "N") 42,564,818 –
– Compensated Absences 29,034,086 3,626,077
Administration and Other Expenses M 416,427,104 446,489,543
Contribution to SEBI 39,855,494 35,746,571
Depreciation 348,902,196 291,980,715
1,970,101,701 1,550,718,960
Profit before tax 2,882,038,792 2,660,224,166
Provision for tax
– Income tax 796,344,000 533,200,000
– Deferred tax (See Note 5 of Schedule "N") (43,755,000) 1,179,000
– Fringe benefit tax – 4,000,000
– Wealth tax 16,000 50,000
Profit after tax 2,129,433,792 2,121,795,166
Balance brought forward from previous year 2,280,212,171 1,800,879,002
Amount availabe for appropriation 4,409,645,963 3,922,674,168
Appropriations
– General Reserve 1,000,000,000 1,000,000,000
– Trade Guarantee Fund (Cash & Derivatives) 183,578,850 137,963,426
– Trade Guarantee Fund (G-Sec) 2,063,790 6,385,333
– Trade Guarantee Fund (CDX) 8,133,236 3,234,815
– Dividend 422,991,088 422,991,088
– Tax on Dividend 70,253,532 71,887,335
– Balance carried to Reserves & Surplus 2,722,625,467 2,280,212,171
4,409,645,963 3,922,674,168
Basic Earnings per share (face value Re. 1/- each) 18.30 18.67
Diluted Earnings per share (face value Re. 1/- each) 18.30 18.67
(See Note 10 of Schedule "N")
37
CASH FLOW STATEMENT FOR YEAR ENDED 31ST MARCH, 2010
31.03.09
PARTICULARS
Rupees Rupees Rupees Rupees
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax 2,882,038,792 2,660,224,166
Adjustments for:
Depreciation 348,902,196 291,980,715
Computer Technology Related Expenses
(See Note 17 of Schedule ‘N’) 107,092,130 –
Trade Guarantee Funds (Cash & Derivatives) (217,627,850) (152,163,426)
Trade Guarantee Funds (G-Sec) (2,099,790) (6,585,333)
(Profit) / Loss on sale of Fixed Assets (1,613,157) –
Trade Guarantee Funds (CDX) (12,322,236) (5,834,815)
Profit on sale of Investments (Own) (449,784,892) (254,538,814)
Interest Expense 357,295 248,149
Provision for Other item 6,606,732 –
Interest Income on Own Funds (1,489,424,608) (752,616,346)
Dividend Income on Own Funds (288,474,517) (1,050,219,496)
Provision for Compensated Absences 24,940,651 –
Operating Income before working capital changes 908,590,746 730,494,800
Adjustments for chages in:
Trade and Other Receivables 4,239,123 (8,660,980)
Trade and Other Liabilities 180,010,441 719,071,949
Taxes Paid (806,873,463) (531,429,730)
Net cash generated from operating activities 285,966,847 909,476,039
Note 1: Cash and cash equivalents comprise of cash in hand and balances in current accounts with banks.
Note 2: Closing Cash equivalent includes in Current Account with banks Rs 2,127,673/- (P.Y. 539,047,538/-) towards Earmarked Funds.
39
Schedule "A" SHARE CAPITAL
As at
31.03.2009
PARTICULARS
Rupees Rupees
Authorised
500,000,000 Equity Shares of Re. 1/- each 500,000,000 500,000,000
As at 31.03.2009
PARTICULARS Rupees Rupees Rupees Rupees
Capital Reserve
Opening Balance 6,615,417,150 6,715,417,150
Add: Balance amount received from Card based member
(See Note 1(d) of Schedule "N") 2,500,000 –
Less: Transferred to Trade Guarantee Fund CDX – 6,617,917,150 100,000,000 6,615,417,150
General Reserve :
Opening Balance 1,644,444,369 644,444,369
Add: Transferred from Profit & Loss Account 1,000,000,000 2,644,444,369 1,000,000,000 1,644,444,369
As at
31.03.2009
PARTICULARS
Rupees Rupees
Short Term Loan from Bank:
Bank Balance Overdrawn 9,069,773 –
(Secured against Fixed Deposit Receipts)
TOTAL 9,069,773 –
As at
31.03.2009
PARTICULARS
Rupees Rupees
Short Term Loan from Bank:
Bank Balance Overdrawn – 1,853,402
TOTAL – 1,853,402
41
Schedule "E" STATEMENT OF FIXED ASSETS FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2010
(Rupees)
Particulars of Assets Cost As at Additions Deductions / Cost As at Depreciation Depreciation Deductions / Total Net Assets Net Assets
31.03.2009 During Adjustments 31.03.2010 upto for the year Adjustments Depreciation 31.03.2010 31.03.2009
the period 31.03.2009 upto
31.03.2010
A B C D = A +B - C E F G H=E+F-G I=D-H J =A - E
Tangible Assets :
3. Plant & Machinery 162,713,826 13,840,435 – 176,554,261 137,458,579 4,027,097 – 141,485,676 35,068,585 25,255,247
4. Electrical Installations 89,098,256 7,262,953 – 96,361,209 75,275,610 3,531,858 – 78,807,468 17,553,741 13,822,646
5. Computers 2,521,027,312 76,076,625 3,858,434 2,593,245,503 2,094,036,777 187,912,644 3,858,434 2,278,090,987 315,154,516 426,990,535
– Hardware And
Networking Equipments
6. Furniture, fixtures And 287,716,805 11,543,913 231,170 299,029,548 209,276,926 16,376,269 180,310 225,472,885 73,556,663 78,439,879
Office Equipments
7. Motor Vehicles 16,482,358 – 647,407 15,834,951 10,180,583 1,615,400 492,006 11,303,977 4,530,974 6,301,775
Sub Total 3,448,167,233 153,180,126 4,737,011 3,596,610,348 2,741,858,942 217,760,972 4,530,750 2,955,089,164 641,521,184 706,308,291
Intangible Assets :
8. Software 197,862,630 166,333,556 96,927,600 267,268,586 154,557,665 131,141,224 96,927,600 188,771,289 78,497,297 43,304,964
TOTAL 3,646,029,862 319,513,682 101,664,611 3,863,878,934 2,896,416,607 348,902,196 101,458,350 3,143,860,453 720,018,481 749,613,255
Previous Year 4,086,016,551 134,006,874 573,993,562 3,646,029,862 3,178,429,454 291,980,715 573,993,562 2,896,416,607 749,613,255
Depreciation for the year includes Rs. 96,927,600/- (Previous Year Rs. NIL) on account of impairment of assets.
BSE Annual Report 2009-10
Schedule "F" INVESTMENTS
As at 31.03.2009
PARTICULARS Rupees Rupees Rupees Rupees
INVESTMENTS (At Cost, unless otherwise Specified):
A LONG TERM INVESTMENTS
(a)Own Funds
(i) Trade Investments
Fully Paid-up Equity Shares (Unquoted)
98,000 BOI Shareholding Ltd. of Rs. 100/- each 9,800,000 9,800,000
38,254,600 Central Depository Services (India) Ltd. of Rs. 10/- each 382,546,000 382,546,000
30,875 Calcutta Stock Exchange Ltd. of Re. 1/- each 61,750,000 61,750,000
22,500,000 United Stock Exchange Ltd. of Rs.10/- each 225,000,000 679,096,000 – 454,096,000
Wholly Owned Subsidiaries (Unquoted)
500,000,000 Indian Clearing Corporation Ltd. of Re. 1/- each 500,000,000 500,000
(459,500,000 shares subscribed during the year)
20,000,000 Marketplace Technologies Pvt. Ltd of Re.1/- each 424,960,000 924,960,000 – 500,000
(ii)Non-Trade Investments
(See Note12 of Schedule -”N”)
– Bonds & Non Convertible Debentures (Quoted) 7,631,246,488 3,175,260,000
– Units of Dividend Oriented Debt Schemes
of Mutual Funds – 50,000,000
– Units of Growth Oriented Debt Schemes
of Mutual Funds 3,490,000,000 11,121,246,488 3,890,000,000 7,115,260,000
(b) Earmarked Funds
(See Note12 of Schedule -”N”)
– Bonds & Non Convertible Debentures (Quoted) – 96,516,400
– Units of Growth Oriented Debt Schemes
of Mutual Funds 1,101,354,355 1,101,354,355 1,541,767,778 1,638,284,178
Total (A) 13,826,656,843 9,208,140,178
B CURRENT INVESTMENTS
(See Note 12 of Schedule -”N”)
(a) Own Funds
– Certificate of Deposits of Scheduled Banks – 496,399,850
– Commercial Papers – 1,324,208,550
– Bonds & Non Convertible Debentures (Quoted) – 437,434,350
– Units of Dividend Oriented Debt Schemes 150,000,000 –
of Mutual Funds
– Units of Growth Oriented Debt Schemes 3,368,250,429 3,518,250,429 – 2,258,042,750
of Mutual Funds
(b) Earmarked Funds
– Units of Dividend Oriented Debt Schemes 293,414,513 –
of Mutual Funds
– Units of Growth Oriented Debt Schemes 1,530,596,565 –
of Mutual Funds
1,824,011,078 –
Total (B) 5,342,261,507 2,258,042,750
GRAND TOTAL (A+B) 19,168,918,350 11,466,182,928
Aggregate Cost of Quoted Investments 7,631,246,488 3,709,210,750
Market Value of Quoted Investments 7,829,043,155 3,958,372,729
43
Schedule "G" CURRENT ASSETS, LOANS & ADVANCES
As at 31.03.2009
PARTICULARS Rupees Rupees Rupees Rupees
1. Sundry Debtors (Secured and Considered Good)
– Outstanding for a period exceeding six months 11,142,370 5,967,038
– Other Debts 79,711,774 90,854,144 96,022,042 101,989,080
2. Sundry Debtors
(Unsecured and Considered Doubtful)
– Outstanding for a period exceeding six months 24,554,272 24,554,272
Less: Provision for Doubtful Debts 24,554,272 – 24,554,272 –
As at 31.03.2009
PARTICULARS Rupees Rupees Rupees Rupees
Current Liabilities :
Trading Members:
Deposits and Margins Received 2,556,753,636 2,999,720,175
Withheld Liabilities (*) 165,634,993 165,088,677
Other Liabilities 49,413,932 2,771,802,561 82,827,699 3,247,636,551
Others :
1. Deposits
(a) From Companies - 1% of their Public Issue (*) 922,097,452 886,510,266
(b) Other Deposits Received 1,428,698,932 1,229,217,332
2,350,796,384 2,115,727,598
Provisions for:
Compensated Absences 92,493,462 67,552,811
Wealth Tax (Net of Advance) 25,185 57,285
Fringe Benefit Tax (Net of Advance) 48,931 48,931
Others (See Note 21 of Schedule “N”) 13,213,464 6,606,732
Proposed Dividend 422,991,088 422,991,088
Tax on Dividend 70,253,532 493,244,620 71,887,335 494,878,423
(*) Investments in Schedule “F” & “G” have been earmarked against these liabilities.
45
Schedule "I" INCOME FROM TRADING MEMBERS
2008- 09
PARTICULARS Rupees Rupees
2008- 09
PARTICULARS Rupees Rupees
A. Own Funds
Income From Long Term Investments:
Interest income (Tax Deducted at Source Rs. NIL, Previous Year Rs.1,908,310/-) 469,481,975 110,066,609
Dividend Income 40,430,725 65,990,597
Profit on Sale / Redemption 393,205,121 157,081,600
B. Earmarked Funds
Income From Long Term Investments:
Interest income (Tax Deducted at Source Rs. NIL, Previous Year Rs.NIL) 7,929,154 4,548,298
Dividend Income – 2,453,626
Profit on Sale / Redemption 97,047,095 18,547,053
2008- 09
PARTICULARS Rupees Rupees
Listing Fees 190,394,738 157,465,711
Book Building Software Charges 104,055,210 24,047,445
Other Fees 297,001,952 110,922,952
TOTAL 591,451,900 292,436,108
2008- 09
PARTICULARS Rupees Rupees
Rent & Maintenance Charges 135,133,935 143,534,225
Data Dissemination fees 187,735,479 180,767,558
Miscellaneous Income (See Note 18 of Schedule - “N”) 75,132,551 58,818,476
Interest on Income Tax Refund – 7,998,978
Interest on Staff Loans 1,376,956 1,405,894
Profit on sale of Fixed Assets (Net) 1,613,157 –
TOTAL 400,992,078 392,525,131
2008- 09
PARTICULARS Rupees Rupees
Advertising & Marketing Expenses 20,366,687 39,455,774
Auditors’ Remuneration (See Note 7 of Schedule - “N”) 3,967,548 3,600,000
Building Repairs & Maintenance Expenses 32,289,187 23,845,819
Repairs to Other Assets 24,530,241 14,893,322
Charity and Donations 989,965 10,529,680
Clearing House Expenses 12,200,000 12,385,400
Contribution to Investors’ Protection Fund 1,985,549 1,650,529
Directors’ Fees 2,900,000 3,390,000
Electricity Charges (Net of Recoveries of Rs. 30,742,522/-, Previous Year Rs. 31,247,659/-) 93,164,968 117,411,240
Insurance 8,584,793 7,959,652
Interest on Overdraft 357,295 248,149
Legal & Professional Fees 82,968,874 65,055,350
Miscellaneous Expenses (See Note 18 of Schedule - “N”) 44,671,813 60,122,275
Postage and Telephone Expenses 13,873,879 14,710,674
Printing and Stationery 6,936,088 9,170,526
Property Taxes (Net of Recoveries of Rs. 16,195,728/-, Previous Year Rs. 30,417,818/-) 17,185,612 28,524,356
Rent 23,872,607 12,349,329
Travelling Expenses 25,581,998 21,187,468
TOTAL 416,427,104 446,489,543
47
Schedule "N" SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS
49
Schedule "N" Contd...
4. Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) is Rs. 130,583,913/-
as on 31st March, 2010 (Rs. 118,884,305/- as on 31st March,2009).
5. In accordance with the Accounting Standard - 22 relating to "Accounting for Taxes on Income", the breakup of Deferred Tax Assets /
Liabilities is as follows:
(Rupees)
As at As at
31st March, 31st March,
2010 2009
Deferred Tax Liabilities:
Depreciation 55,993,000 76,100,000
Total (A) 55,993,000 76,100,000
Deferred Tax Assets:
Preliminary Expenses – 253,000
Expenses allowed on payment basis 50,126,000 28,368,000
Others 4,389,000 2,246,000
Total (B) 54,515,000 30,867,000
Net Deferred Tax Liability (A-B) 1,478,000 45,233,000
6. Managerial Remuneration:
Shri Madhu Kannan Managing Director & Chief Executive Officer (from 11th May, 2009)
Shri Rajnikant Patel Managing Director & Chief Executive Officer (up to 26th August, 2008)
(Rupees)
For the year For the year
ended 31st ended 31st
March, 2010 March, 2009
Salaries, Allowances and Bonus 14,176,899 5,341,851
Contribution to Provident Fund 608,613 209,961
Perquisites 1,373,168 742,213
Gratuity and Leave Encashment – 3,182,080
Total 16,158,680 9,476,105
Note: (i) The above figures for the current year do not include Contribution to Gratuity Fund and Provision for Leave Encashment
as these amounts are actuarially determined for the Exchange as a whole and employee-wise details are not available. These
are considered when paid.
(ii) The above figures for the current year do not include Performance Linked Pay accrued on aggregate basis. However, the
same is disclosed as Managerial Remuneration on a cash basis.
BSE Annual Report 2009-10
Schedule "N" Contd...
7. Auditors' Remuneration:
(Rupees)
For the year For the year
ended 31st ended 31st
March, 2010 March, 2009
Audit Fees 2,500,000 2,500,000
Tax Audit Fees 500,000 500,000
Other Services 935,000 625,000
Out of Pocket expenses 32,548 –
Total 3,967,548 * 3,625,000 *
* Net of Service Tax Credit availed of Rs. 192,357/- (Rs. 194,670/- as at 31st March, 2009).
8. As per the definitions of 'business segment' and 'geographical segment', contained in Accounting Standard-17 "Segment Reporting", the
Management is of the opinion that as the Exchange's operations comprise of only facilitating trading in securities and the activities
incidental thereto, there is neither more than one reportable business segment nor more than one reportable geographical segment,
and, therefore, segment information as per Accounting Standard-17 is not required to be disclosed.
9. As per the Accounting Standard-18 "Related Party Disclosures" the related parties of the Exchange are as follows:
a) Wholly-owned Subsidiaries:
Name
Indian Clearing Corporation Ltd.
Marketplace Technologies Pvt. Ltd. (From 1st October, 2009)
(Rupees)
Name Particulars As at 31st As at 31st
March, 2010 March, 2009
ASSETS
Indian Clearing Corporation Ltd. Investments 500,000,000 500,000
Receivable Nil 1,322,660
Marketplace Technologies Pvt. Ltd. Investments 424,960,000 Nil
LIABILITIES
Marketplace Technologies Pvt. Ltd. Payable 10,474,079 Nil
b) Entities under control:
Name
The Stock Exchange Investors' Protection Fund
The Stock Exchange Education & Research Services
The Stock Exchange Foundation
The Stock Exchange Charities
Seth K. R. P. Shroff Stock Exchange Sarvajanik Fund
Shri Phiroze Jeejeebhoy Memorial Trust
51
Schedule "N" Contd...
(Rupees)
Name Particulars As at 31st As at 31st
March, 2010 March, 2009
ASSETS
The Stock Exchange Investors' Receivable 8,867,045 2,947,748
Protection Fund
c) Associate:
Name
Central Depository Services (India) Ltd.
(Rupees)
Name Particulars As at 31st As at 31st
March, 2010 March, 2009
ASSETS
Central Depository Services Investments 382,546,000 382,546,000
(India) Ltd.
Receivable 70,728 1,304,946
LIABILITIES
Central Depository Services Other Deposits Received 1,277,478 1,277,478
(India) Ltd.
d) Joint Venture:
Name
BOI Shareholding Ltd.
BSE Annual Report 2009-10
Schedule "N" Contd...
(Rupees)
Name Particulars As at 31st As at 31st
March, 2010 March, 2009
ASSETS
BOI Shareholding Ltd. Investments 9,800,000 9,800,000
Receivable Nil 51,476
Details of the Exchange's interest in its Joint Venture, having Joint Control, as per the requirement of Accounting Standard (AS) - 27
on "Financial Reporting of Interests in Joint Ventures", are as under:
(Rupees)
For the year For the year
Sr.No. Particulars ended 31st ended 31st
March, 2010* March, 2009
BOI Shareholding Ltd.
% Shares Held 49.00% 49.00%
(a) Assets – 138,292,817
(b) Liabilities – 54,573,646
(c) Income – 61,359,435
(d) Expenses – 21,818,854
(e) Other Matters - Contingent Liability – Nil
* Figures for current year are not given since they are not available.
53
Schedule "N" Contd...
55
Schedule "N" Contd...
57
Schedule "N" Contd...
B CURRENT INVESTMENTS
(a) Own Funds
Certificate of Deposit with scheduled Bank
Axis Bank 100,000 5,500 496,399,850
Total – 496,399,850
Commercial Papers
IL & FS Limited 500,000 500 227,448,250
Reliance Capital Ltd 500,000 1,900 862,365,300
Tata Motors Ltd 500,000 500 234,395,000
Total – 1,324,208,550
59
Schedule "N" Contd...
B. Mutual Fund units purchased and sold / redeemed during the year:
b) Earnings:
(Rupees)
For the year For the year
Particulars ended 31st ended 31st
March, 2010 March, 2009
Training Institute Receipts 4,302,953 9,234,787
Data feed 147,342,773 125,275,074
Other Matters (Refund) 16,899,670 –
Total 168,545,396 134,509,861
c) Expenses:
(Rupees)
For the year For the year
Particulars ended 31st ended 31st
March, 2010 March, 2009
Derivative / Computer Software Expenses 2,397,935 3,680,153
Annual Subscription Charges 16,402,975 14,702,207
Training Expenses 739,008 324,406
Travelling Expenses 4,056,655 2,817,812
Directors Fees 60,000 40,000
Legal and Professional Fees 9,294,100 1,222,801
Registration & Filling Fees – 115,743
Other Matters – 220,919,400
Total 32,950,673 243,822,522
14. Amount of Rs. 2,782,000,000/- (Rs. 2,638,000,000/- as at 31st March, 2009) appearing as "Deposits from Trading Members" in the Balance
Sheet represents refundable deposits received from deposit based trading members. These deposits have a lock in period.
15. On the basis of the information available with the Exchange, there are no suppliers registered under the Micro, Small, and Medium
Enterprises Development Act, 2006. Hence, the information as required by the Act is not given.
16. 'Computer Technology Related Expenses' include Repairs and Maintenance on Computers amounting to Rs. 213,873,244/- (Rs. 217,648,826/
- as at 31st March, 2009).
17. 'Computer Technology Related Expenses' includes Rs. 107,092,130/- being technical fees paid in advance by the Exchange to an overseas
software vendor for improvements in the trading, clearing and settlement systems of the Exchange. The above amount has been
expensed after adjusting Rs. 16,899,670/- refunded by the software vendor, upon termination of the contract in the current year.
18. Miscellaneous Expenses include Foreign Exchange Loss of Rs. 2,152,090/- (Miscellaneous Income for the year ended 31st March, 2009
included Foreign Exchange Gain of Rs. 1,331,409/-).
19. Disclosure as required under Accounting Standard -15 on "Employee Benefits" is as under:
61
Schedule "N" Contd...
Experience Adjustments:
VIII Particulars 31st March, 2010 31st March, 2009 31st March, 2008 31st March, 2007
Defined Benefit Obligations 176,719,799 143,891,177 127,711,989 114,432,068
Plan Assets 143,945,280 138,615,528 127,043,699 79,772,848
Surplus / (Deficit) (32,774,519) (5,275,649) (668,290) (34,659,220)
Experience Adjustments on Plan Liabilities 27,122,952 (1,994,948) (574,714) 879,061
Experience Adjustments on Plan Assets (7,256,996) 6,417,652 2,684,356 (2,596,391)
Other Details:
The estimates of future salary increase considered in the actuarial valuation, take into account inflation, seniority, promotion and other
relevant factors such as supply and demand in the employment market. The above information is certified by the actuary and relied upon
by the Auditors.
Expected rate of return on Plan Assets is based on expectation of the average long term rate of return expected on investments of the
fund during the estimated term of the obligations.
The Employer's best estimate of the contributions expected to be paid to the plan during the next year is Rs. 10,000,000/- (Rs. 12,500,000/
- for the year ended 31st March, 2009)
● Amount recognised as an expense in respect of Compensated Leave Absences is Rs. 29,034,086/- (Rs. 3,626,077/- for the year ended
31st March, 2009).
63
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE
AS PER PART IV OF SCHEDULE VI TO THE COMPANIES ACT, 1956.
I. Registration Details
CIN U67120MH2005PLC155188 State Code 1 1
Balance Sheet Date 3 1 0 3 2 0 1 0
Date Month Year
II. Capital raised during the year$ (Amount in Rs. Thousands)
Public Issue Rights Issue
* * * * * * * * * * * * * * * * * *
Bonus Issue Private Placement
* * * * * * * * * * * * * * * * * *
III. Position of Mobilisation and Deployment of Funds (Amount in Rs. Thousands)
Total Liabilities Total Assets
* 2 1 7 1 3 2 7 4 * 2 1 7 1 3 2 7 4
Sources of Funds
Paid-up Capital Reserves & Surplus
* * * 1 0 3 2 7 8 * 1 8 8 1 7 3 6 9
Secured Loans Unsecured Loans/Deposits #
* * * * * 9 0 7 0 * * 2 7 8 2 0 8 0
Deffered Tax Liability
* * * * * 1 4 7 8
Application of Funds
Net Fixed Assets Investments
* * * 8 5 4 3 7 1 * 1 9 1 6 8 9 1 8
Net Current Assets Misc. Expenditure
* * 1 6 8 9 9 8 5 * * * * * * * * *
Accumulated Losses
* * * * * * * * *
IV. Performance of Company (Amount in Rs. Thousands)
Turnover Total Expenditure
* * 4 8 5 2 1 4 0 * * 1 9 7 0 1 0 2
+ - Profit / Loss before tax + - Profit / Loss after tax
2 8 8 2 0 3 9 2 1 2 9 4 3 4
Earning per share in Rs. Dividend rate %
* * * * * 1 8 * 4 0 0
V. Generic Names of three Principal Products / Services of Company (as per monetary terms)
Item Code No (ITC Code) : * * * N A * * *
Product : F A C I L I T A T I N G
Description T R A D I N G I N
S E C U R I T I E S
#
This amount includes an amount of Rs. 80,000/- received towards Share Application Money.
$
In accordance with The BSE (Corporatisation and Demutalisation) Scheme, 2005, the Exchange has allotted an aggregate of 60,000 equity shares of Re. 1/- each fully paid
up out of shares kept in abeyance, to members of erstwhile BSE. In addition, the Exchange has allotted 7,20,000 equity shares of Re. 1/- each fully paid up by way of bonus
shares to the aforesaid members of erstwhile BSE. Further, the Exchange had also allotted 1,20,000 equity shares of Re. 1/- each fully paid up by way of bonus shares to
a Corporate Trading Member, whose allotment was kept in abeyance due to non-compliance of Arbitration Award.