Details of Subsidiary Companies pursuant to approval obtained u/s 212(8) of The Companies Act, 1956

Transcription

1 EDELWEISS ANNUAL REPORT Details of Subsidiary Companies pursuant to approval obtained u/s 212(8) of The Companies Act, 1956 Securities Finance & ECL Finance Insurance Brokers Capital Services 1 Financial Products & Solutions Trustee Services ECap Equities , Reserves of the 2, , , , (10.98) (63.65) Total assets of the 13, , , , , Total liabilities of the 10, , , , , (other than in companies) 1, Total turnover 2, , , Profit/(loss) before taxation , (6.54) (127.34) Provision for taxation (including Deferred tax and MAT credit entitlement) (12.55) Profit/(loss) after taxation (10.35) (114.79) Proposed dividend 0.16 Consolidated Financial Statements 111

2 Details of Subsidiary Companies pursuant to approval obtained u/s 212(8) of The Companies Act, 1956 Edelcap Securities Broking EC Global Asset 1 Management Trusteeship Company Edel EC Commodity Housing Finance Alternative Asset Advisors Reserves of the (19.46) (1.22) Total assets of the 1, , Total liabilities of the 1, (other than in companies) Total turnover Profit/(loss) before taxation (79.72) (18.91) (11.30) Provision for taxation (including Deferred tax and MAT credit entitlement) Profit/(loss) after taxation (79.81) (18.91) (11.30) Proposed dividend Consolidated Financial Statements

3 EDELWEISS ANNUAL REPORT Details of Subsidiary Companies pursuant to approval obtained u/s 212(8) of The Companies Act, 1956 (Currency : Indian rupees in millions) Property Advisors Edel Land Custodial Services Capital (Singapore) Pte. Alternative Asset Advisors Pte. 2 International (Singapore) Pte. 2 EC International Aster DMCC 3 Allium Finance Private Reserves of the (0.06) (0.04) (0.05) Total assets of the Total liabilities of the (other than in companies) Total turnover Profit/(loss) before taxation 0.98 (0.56) (0.06) (0.02) (0.02) (1.77) Provision for taxation (including Deferred tax and MAT credit entitlement) Profit/(loss) after taxation 0.43 (0.56) 8.57 (0.06) (0.02) (0.02) (1.77) Proposed dividend Consolidated Financial Statements 113

4 Details of Subsidiary Companies pursuant to approval obtained u/s 212(8) of The Companies Act, 1956 (Currency : Indian rupees in millions) Arum Private 6 Tokio Life Insurance Company Edel EAAA LLC 4 ECap International 3 EW India Special Assets Advisors LLC 7 EW Special Opportunities Advisors LLC 7 EdelGive Foundation Reserves of the (1.28) (0.45) (1.03) Total assets of the Total liabilities of the (other than in companies) Total turnover Profit/(loss) before taxation 2.89 (14.91) (1.30) (0.46) (1.07) Provision for taxation (including Deferred tax and MAT credit entitlement) Profit/(loss) after taxation 2.87 (15.84) (0.11) (1.30) (0.46) (1.07) Proposed dividend The financial statements of foreign subsidiaries are converted into Indian Rupees on the basis of appropriate exchange rate. 1 held through Finance & 2 held through Capital (Singapore) Pte. 3 held through EC International 4 held through ECap International 5 held through 6 held through Securities 7 held through EAAA LLC For and on behalf of the Board of Directors Rashesh Shah Venkat Ramaswamy B Renganathan Chairman & Managing Director Whole-time Director V. P. & Company Secretary Mumbai 21 May Consolidated Financial Statements

5 EDELWEISS ANNUAL REPORT Statement pursuant to Section 212 of the Companies Act,1956 relating to Subsidiary Companies Securities Finance & ECL Finance Insurance Brokers Capital Services 1 Financial Products & Solutions Trustee Services ECap Equities Relevant financial period/year of the ended on 31 March March March March March March March March March 2010 Number of Equity Shares held in 4,500,000 2,130,020 1,900,000 1,597,375, ,760 4,227,451 1,000,000 50, , , Percentage of Equity Shares held in the subscribed capital of the members of the Company and is not dealt with in the (i) Profit/(loss) for the financial period/year ended (10.35) (114.79) 2, , (0.63) members of the and is dealt with in the (i) Profit/(loss) for the financial period/year ended Standalone Financial Statements 173

6 Statement pursuant to Section 212 of the Companies Act,1956 relating to Subsidiary Companies Edelcap Securities Broking EC Global Asset 1 Management Trusteeship Company Edel EC Commodity Housing Finance Alternative Asset Advisors Relevant financial period/year of the ended on 31 March March March March March March March March March 2010 Number of Equity Shares held in 240,000 2,756,000 10,000 60,000, ,000 50, ,500 2,550,000 2,256, Percentage of Equity Shares held in the subscribed capital of the members of the Company and is not dealt with in the (i) Profit/(loss) for the financial period/year ended (79.81) (18.91) (11.30) (11.53) (37.79) (0.10) (0.55) (1.90) (1.93) (27.66) members of the and is dealt with in the (i) Profit/(loss) for the financial period/year ended Standalone Financial Statements

7 EDELWEISS ANNUAL REPORT Statement pursuant to Section 212 of the Companies Act,1956 relating to Subsidiary Companies Property Advisors Edel Land Custodial Services Capital (Singapore) Pte. Alternative Asset Advisors Pte. 2 International (Singapore) Pte. 2 EC International Aster DMCC 3 Allium Finance Private 5 Relevant financial period/year of the ended on 31 March March March March March March March March March 2010 Number of Equity Shares held in 50,000 50,000 4,750,000 5,000 1,000 1, ,000 11, , Percentage of Equity Shares held in the subscribed capital of the members of the Company and is not dealt with in the (i) Profit/(loss) for the financial period/year ended 0.43 (0.56) 8.57 (0.06) (0.02) (0.02) (1.77) (0.12) (0.29) (0.90) (0.03) (0.02) (0.02) (0.22) NA NA members of the and is dealt with in the (i) Profit/(loss) for the financial period/year ended NA NA Standalone Financial Statements 175

8 Statement pursuant to Section 212 of the Companies Act,1956 relating to Subsidiary Companies Arum Private 6 Tokio Life Insurance Company Edel EAAA LLC 4 ECap International 3 EW India Special Assets Advisors LLC 7 EW Special Opportunities Advisors LLC 7 EdelGive Foundation Relevant financial period/year of the ended on 31 March March March March March March March March 2010 Number of Equity Shares held in 1,370,000 51, ,000 51,001 51,001 25,000 25,000 10, Percentage of Equity Shares held in the subscribed capital of the members of the Company and is not dealt with in the (i) Profit/(loss) for the financial period/year ended 2.87 (11.72) (0.11) (1.30) (0.46) (1.07) NA NA NA NA NA NA NA (0.46) members of the and is dealt with in the (i) Profit/(loss) for the financial period/year ended NA NA NA NA NA NA NA The financial statements of foreign subsidiaries are converted into Indian Rupees on the basis of appropriate exchange rate. 1 held through Finance & 2 held through Capital (Singapore) Pte. 3 held through EC International 4 held through ECap International 5 held through 6 held through Securities 7 held through EAAA LLC For and on behalf of the Board of Directors Rashesh Shah Venkat Ramaswamy B Renganathan Chairman & Managing Director Whole-time Director V. P. & Company Secretary Mumbai 21 May Standalone Financial Statements