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TRANSCRIPT
B o a r d ' s R e p o r t70
Edelweiss Annual Report 2014-15
Annexures to Board's Report
Ann
exur
e I
III
App
rova
lA
ppro
ved
by a
spe
cial
Com
pany
at i
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00
B o a r d ' s R e p o r t 71
` `
` `
`
` `
B o a r d ' s R e p o r t72
Edelweiss Annual Report 2014-15
`
``
` ` `
Annexures to Board's Report
B o a r d ' s R e p o r t 73
` ` ``
` ``
– – – 79,51,250 1,29,13,500
years) – – –
prices (`
the year –
the year
the year
` `
May 15, 2015
B o a r d ' s R e p o r t74
Edelweiss Annual Report 2014-15
Annexure III
May 15, 2015
Annexures to Board's Report
B o a r d ' s R e p o r t 75
Annexure IV
-
---
`
`
`
B o a r d ' s R e p o r t76
Edelweiss Annual Report 2014-15
` in million)
CSR project Sector in
project is
Amount outlay
project or
expenditure
period
projects or
undertaken
expenditure on projects
Agastya Alibaug, Maharashtra
Agastya Science Centre
Alibaug, Maharashtra
Chehak Trust Mumbai, Maharashtra
Shoshit Seva Sangh
Bihar
Mumbai, Maharashtra
Adharshila Agraa,
Total
May 15, 2015
Annexures to Board's Report
B o a r d ' s R e p o r t 77
Annexure V
st March, 2015
To
The Members
ended on 31st
st
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
`
` `` `
` `
` ` 100
`
`For
Company Secretaries
Keyoor Bakshi
Annexures to Board's Report
B o a r d ' s R e p o r t 79
Annexure VI
i)ii)iii)iv)v)
Email –
vi) Yes vii)
i)ii)iii)iv)
v) INDEBTEDNESS
or Manager
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
#
$
649
642
#
$
NoAssociate
Applicable
Subsidiary 100
nd Subsidiary 100
nd Subsidiary 100
Subsidiary 100
Kolkata – 700 017
Subsidiary 100
Subsidiary 100
Subsidiary 100
Annexures to Board's Report
B o a r d ' s R e p o r t
NoAssociate
Applicable
Subsidiary
Subsidiary 100
10 Subsidiary
nd
Subsidiary 100
Subsidiary 100
Subsidiary 100
14 Subsidiary 100
nd
Subsidiary 100
nd Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
NoAssociate
Applicable
nd Subsidiary 100
nd Subsidiary 100
nd
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 74
Subsidiary 100
nd Subsidiary 100
nd Subsidiary 100
nd Subsidiary 100
Subsidiary 100
Subsidiary 100
Annexures to Board's Report
B o a r d ' s R e p o r t
NoAssociate
Applicable
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
Subsidiary 100
4th
Subsidiary 100
Subsidiary 100
Subsidiary 100
4th
Subsidiary 100
Subsidiary 100
4th
Subsidiary 100
Subsidiary 100
Subsidiary 100
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
NoAssociate
Applicable
4 th
Subsidiary 67
4th
Subsidiary 100
4th
Subsidiary 60
Subsidiary 100
Subsidiary 100
nd Road, Subsidiary 100
Subsidiary 100
1st
Subsidiary 100
Subsidiary 100
Associate 40
Associate
Associate
Associate 50
Annexures to Board's Report
B o a r d ' s R e p o r t
NoAssociate
Applicable
Associate 50
th
Building, Andheri Kurla Road, Chakala,
Associate 25
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
%
Demat TotalTotal
Demat TotalTotal
a) b) Central Govtc) d) Bodies Corporatee)
a) b) c) Bodies Corporated) e)
a) Mutual Fundsb) 1,62,372 1,62,372c) Central Govtd) e) Venture Capital Funds
g) 17,36,55,134 17,36,55,134h) Foreign Venture
Capital Fundsi) 1,00,000 1,00,000
b)
Annexures to Board's Report
B o a r d ' s R e p o r t
%
Demat TotalTotal
Demat TotalTotal
a) Bodies Corporate
1,56,000 12,56,54,694b)
shareholders holding nominal share capital upto ` 1 lakh
2,65,12,011 1,16,210
shareholders holding nominal share capital in
` 1 lakh
5,60,000 –
c) Clearing Member 7,24,264 – 7,24,264 –
1,61,23,445 5,55,000 1,65,64,531 5,55,000 1,71,19,531 4,60,529 – 4,60,529 9,43,531 – 9,43,531
– – Trusts – –
Shares held by
ADRs
– – – – – – – – –
B o a r d ' s R e p o r t
Edelweiss Annual Report 2014-15
Name%
Total
Company
encumberedto total
Total
Company
encumbered to total
13,43,01,730 14,43,01,7305,30,26,560 5,60,26,5602,93,61,200 2,93,61,2001,20,00,000 1,20,00,000
Total
as on
Company
Company
1December 30, 2014
1,00,00,000
2December 30, 2014
30,00,000
Annexures to Board's Report
B o a r d ' s R e p o r t
Name as
year
total
Company
Increase Decrease
Reason
Company
1 First Carlyle Ventures
2 3,75,95,270 3,75,95,270
3 3,16,36,155 3,71,7241,99,951
4,00,0001,00,000
4 6,22,74,300 1,29,71,5171,77,50,000
5 2,51,35,431 1,96,4352,54,72,7502,55,54,9012,56,33,505
6
Fund
11,15,937 11,15,937
7 1,61,51,043 1,61,51,043 63,907 1,52,53,157 4,50,739 3,25,323 1,44,77,095 2,54,206
9 1,50,66,220 7,00,000 1,43,66,220 1,35,06,220 5,00,000 1,30,06,220 1,00,000 1,29,06,220 4,00,000 1,25,06,220 4,00,000 1,21,06,22010 1,19,00,000 1,19,00,000
B o a r d ' s R e p o r t90
Edelweiss Annual Report 2014-15
Nameas
DateDecrease in
Reason
Company Company Directors
1) 13,43,01,730 1,00,00,000 Market 14,43,01,730
2) 5,30,26,560 30,00,000 Market 5,60,26,560
3) Allotment
on exercise
4) 3,00,000 Allotment
on exercise
3,00,000 Allotment
on exercise
9,30,000 Allotment
on exercise
5) 2,93,61,200
2,93,61,200
Annexures to Board's Report
B o a r d ' s R e p o r t 91
Nameas
DateDecrease in
Reason
Company Company 6) 62,500 Allotment
on exercise
1,40,500
15,000 Allotment
on exercise
1,55,500
7) 20,000 12,500 Allotment
on exercise
32,500
15,000 Allotment
on exercise
47,500
9)10)11)
Chinniah12)13)
Mahapatra
B o a r d ' s R e p o r t92
Edelweiss Annual Report 2014-15
Nameas
DateDecrease in
Reason
Company Company
1) 2,00,000 Allotment
on exercise
2,00,000
25,000 Market Sale 1,75,00025,000 Market Sale 1,50,00050,000 Market Sale 1,00,000
1,50,000 Allotment
on exercise
2,50,000
25,000 Market Sale 2,25,0002) 9,437 Allotment
on exercise
9,437
7,500 Market Sale 1,93711,000 Allotment
on exercise
12,937
11,000 Market Sale 1,937
Annexures to Board's Report
B o a r d ' s R e p o r t 93
` in million)
DepositsTotal
Indebtedness
–– –
– ––
–
–– –
– ––
` in million)Total
Gross salary
Act, 1961–
– – – – –
– –– – – – –
Commission – – – – –
– –
Ceiling as per the ActNote
B o a r d ' s R e p o r t94
Edelweiss Annual Report 2014-15
(`
N
aren
dra
Berj
is
Des
ai
Nan
dra
#
$
Tota
l
Dir
ecto
rs
––
Co
mm
issi
on–
––
–
–
––
––
––
––
–
–
Dir
ecto
rs
––
––
––
––
––
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issi
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––
––
––
––
–
–
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––
––
––
–
––
––
––
––
––
–
# $
Annexures to Board's Report
B o a r d ' s R e p o r t 95
` in million)
Company Secretary Total
Gross salary
Act, 1961
Commission
Total
Type
Actimposed
NONE Compounding
NONE Compounding
NONE
Compounding
May 15, 2015
B o a r d ' s R e p o r t96
Edelweiss Annual Report 2014-15
Disclosure Requirement Disclosure Details
1 Directors TitleChairman, Managing
`
TitleChairman, Managing
Company Secretary
year
` `
` `
Annexures to Board's Report
B o a r d ' s R e p o r t 97
Disclosure Requirement Disclosure Details
year and percentage increase over
`50,593 million compared to `
`compared to `
`
other than the managerial personnel
increase in the managerial
` in million)
Revenue
revenue
by the Directors
highest paid director during the year
Company
May 15, 2015
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t
Directors
public limited companies$
Held
[Chairman,
5 5 Yes 3
5 5 Yes 3
5 5 Yes 3 1
5 5 Yes 6 2
2 1 3
5 5 Yes 6 4 1
5 5 Yes 9 3 2
5 4 Yes 9 3 2
5 4 Yes
5 4 Yes 7 4 1
5 3 Yes
5 5 Yes 1 1
# 2
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 99
$
#
ChairmanMemberMemberMemberMember
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t 100
Held 4 44 44 34 34 4
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 101
Held 2 22 12 22 2
`
` in million)
Commission
––
– –
`
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t 102
` in million)
Salary
BonusTotal
Service ContractApril 1, 2014 to
March 31, 2017
April 1, 2014 to
March 31, 2017
June 24, 2013 to
June 23, 201616,00,000 7,00,000
Severance Fee
paid up capital
14,43,01,730 5,60,26,560
2,93,61,2001,55,500
47,500
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 103
Held 2 12 22 2
Date Time Venue
July 25, 2014 2
July 26, 2013 5
July 26, 2012 2
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t 104
Sr Business Valid Votes casted
Total Valid Total1
` 10,000
166 166 166
2to make loans to any person or other bodies
` 10,000
166 166 166 29,66,915
3
` 1,000 crores on a private placement basis
165 165 165
165 165 165
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 105
Disclosures
`
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t 106
Financial Year April 1, 2014 to March 31, 2015
Book Closure dates July 14, 2015 to July 21, 2015
Dividend payment date July 24, 2015 to July 31, 2015
BSE NSE
` ` ` `
41,71,936
11,41,52,070
32,52,524
65,05,576
45,79,623 1,35,97,623
47,57,950
6,56,63,032
63,72,001
1,61,47,606
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 107
Apr
14
May
14
Jun
14
Jul 1
4
Aug
14
Sep
14
Dec
14
Jan
15
Feb
15
Mar
15
95009000
750070006500
Sensex
32000
30000
26000
24000
22000
20000
Apr
14
May
14
Jun
14
Jul 1
4
Aug
14
Sep
14
Dec
14
Jan
15
Feb
15
Mar
15
Sensex
Sensex
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t
4,6902,237
22,17,576 427 15,53,177
649 49,25,106 10001 and above 76,09,93,114Total
6,51,30,375
Total
Details
1 111
2 4 320
3account during the year
4 320
4 107
Corporate Governance Report
C o r p o r a t e G o v e r n a n c e R e p o r t 109
rnt
The Company Secretary
For
May 15, 2015
Edelweiss Annual Report 2014-15
C o r p o r a t e G o v e r n a n c e R e p o r t 110
For
Company Secretaries
Corporate Governance Report
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 111
Abridged Consolidated Financial Statements
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s112
Independent Auditors’ Report on Abridged Consolidated Financial Statements
To The Members of,
Edelweiss Financial Services Limited
Auditors’ responsibility
Opinion
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Independent Auditors’ Report on Abridged Consolidated Financial Statements
For B S R & Associates LLP
N Sampath GaneshMumbai15 May 2015
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Independent Auditors’ Report
To the Members of
Edelweiss Financial Services Limited
Auditors’ responsibility
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 115
Independent Auditors’ Report
Opinion
Report on Other Legal and Regulatory Requirements
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
For B S R & Associates LLP
N Sampath GaneshMumbai15 May 2015
Independent Auditors’ Report
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Name of the Statute Nature of Dues
Amount (Rs. million)
Period to which the amount relates Forum where dispute is pending
AhmedabadValue added
Value added AY 2010-11
Value added
2001 to March 2012 Tribunal - Ahmedabad
Stamp duty
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
For B S R & Associates LLP
N Sampath GaneshMumbai15 May 2015
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s120
As at 31 March 2015
As at
I EQUITY AND LIABILITIES1 Shareholders’ funds
791.75
4,151.83 12,487.54
2,381.57 916.82
10,833.72 31,563.23
2 Minority interest 3,708.77
3 42.41
4 80,978.03
421.97 2,986.17
84,386.17 5
135,829.98 13,147.85 33,100.54
3,030.43 185,108.80
TOTAL - EQUITY AND LIABILITIES (1+2+3+4+5) 304,809.38
II ASSETS6 Non- current assets
5,242.51 351.54
1,011.26 53.17
16,026.55 974.03
67,345.55 10,224.36
101,228.97 7 Current assets
11,896.21 87,087.43
4,347.22 23,652.55 67,363.80
9,233.20 203,580.41
TOTAL ASSETS (6+7) 304,809.38
For B S R & Associates LLP For and on behalf of the Board of Directors
N Sampath Ganesh Rashesh ShahVenkat RamaswamyHimanshu KajiRujan PanjwaniS RanganathanB Renganathan
Mumbai Mumbai15 May 2015 15 May 2015
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 121
For the year ended 31 March 2015
For the year ended
I Income
5,727.16 4,968.59
25,851.41 1,865.75
385.09 38,798.00
II Other income 140.06
III Total income (I+II) 38,938.06
IV Expenditure 7,086.30
18,315.48 716.41
1,394.88 6,325.98
Total expenditure 33,839.05
V 5,099.01
VI Tax expense 2,463.40
- (446.41)
VII 3,082.02
VIII 181.41
IX Share of minority interest (23.70)
X 3,287.13
XI Earnings per equity share: (Refer note 2.3) 4.09 3.88
For B S R & Associates LLP For and on behalf of the Board of Directors
N Sampath Ganesh Rashesh ShahVenkat RamaswamyHimanshu KajiRujan PanjwaniS RanganathanB Renganathan
Mumbai Mumbai15 May 2015 15 May 2015
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s122
For the year ended
31 March 2015
For the year ended
I (91,831.97)
II (8,625.48)
III 100,142.95
IV (314.50)
V 8,116.51
VI 7,802.01
For B S R & Associates LLP For and on behalf of the Board of Directors
N Sampath Ganesh Rashesh ShahVenkat RamaswamyHimanshu KajiRujan PanjwaniS RanganathanB Renganathan
Mumbai Mumbai15 May 2015 15 May 2015
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Sr. No.
Country of ownership interest
as at 31 March 2015 Subsidiaries 1 India 2 India
India India
5 2
India India India India
10 India 11 India 12 India
India India
15 5 India India India
5 India India
20 1 India 2122 Singapore
Singapore Singapore
25
India India
SingaporeIndia
1 IndiaIndia
5 India
10 India10 India
5 India
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 125
1
1.2
c)
Sr. No.
Country of ownership interest
as at 31 March 201512 India
1
5 India1
Singapore
5 IndiaIndia
India50 5 India51 India52 2 India
5 India5 India
55 1 IndiaChad
Associates
5 India 11 India
India 1 India
1 India 1 India
India
1
2
5
10
11
12
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Assets
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.7 Benchmark linked debentures
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Nature of assets
20 years15 years10 years
Vehicles
5 years
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.10 Impairment of assets
1.11 Stock-in-trade
1.12 Investments
a) Investments of Life Insurance Business
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.12 Investments
i) Non linked, non unit reserve investments and shareholders’ investments
ii) Linked business
Equity shares
i) Non linked, non unit reserve investments and shareholders’ investments
ii) Linked business
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.12 Investments
i) Non linked, non unit reserve investments and shareholders’ investments
Mutual Funds
i) Non linked, non unit reserve investments and shareholders’ investments
ii) Linked business
Transfer of investments
i) Transfer from the shareholders’ account to the policyholders’ account
ii) Transfer between policyholders’ funds
b) Investments other than Life Insurance Business
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.15 Tax
1.17 Earnings per share
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
1.17 Earnings per share
1.20 Mutual Fund expenses
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Primary Segment (Business Segment)
SegmentAgency businessCapital based business
Secondary Segment
For the year ended
31 March 2015
For the year ended
I Segment Revenuea) Agency business 7,691.79 b) Capital based business 28,601.73
2,785.31 d) Unallocated 40.64 Total Income 39,119.47
II Segment Resultsa) Agency business 1,260.50 b) Capital based business 5,011.00
(710.08)d) Unallocated (281.00)
5,280.42 2,016.99 3,263.43
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.1
31 March 2015III Segment Assets
a) Agency business 20,778.26 b) Capital based business 270,227.13
8,601.43 d) Unallocated 5,202.56 Total 304,809.38
IVa) Agency business 11,568.44 b) Capital based business 251,901.53
3,144.37 d) Unallocated 2,880.63 Total 269,494.97
V Capital Expenditure
a) Agency business 267.36 b) Capital based business 1,735.53
- - d) Unallocated 12.54 Total 2,015.43
VIa) Agency business 170.97 b) Capital based business 455.15
81.25 d) Unallocated 9.04 Total 716.41
VIIa) Agency business 98.24 b) Capital based business 1,141.95
- d) Unallocated 0.08 Total 1,240.27
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
(B) Key Management Personnel
(D) Subsidiary Company
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
place
Sr. No.
Related Party Name 31 March 2015
1 -
2 1,500.00 -
premium)
-
151.26 -
5 257.00 -
51.71 -
-
8,470.00 -
- -
1,500.00 -
82.00 - 55.00 -
10 1,030.00 -
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
11 5,336.61 1,752.50 1,589.48 - 1,526.51
633.24 - 562.87 - 485.37 -
1.49 0.11
-
12 2,395.77 1,525.76 1,497.06 - 1,385.39
618.09 - 526.98 - 485.37 -
0.11 -
Inter corporate deposit placed -
Inter corporate deposit repaid by -
15 210.35 85.54 0.00 Margin repaid to 202.88 99.50 0.00 -
120.12 44.01 10.68
1.23 0.36
- - -
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
135.59 52.78 39.85 35.72 27.89 11.40 11.40 10.18
0.97 0.95 0.95 0.37 - 0.08 0.05
2.38 - - -
20 7.99 0.98 0.66
21 620.57
58.00 49.51
9.24 - 7.29 - 6.16 - 5.17 -
- - -
22 Interest income on debentures 76.79 3.49 -
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
Interest income on inter -
2.86 -
2.07 -
25 Financial charges to 12.51 - 9.80 -
17.38 -
placed by 3.64 -
2.11 -
2.92 - 2.24 -
916.64 705.00
845.35 649.54
-
9.73 - 5.69 - 3.97 0.61 - 0.60 0.45 0.13 0.08 - 0.05 - 0.00 - 0.00 - 0.00
- -
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
0.16 - 0.16 -
0.03 -
0.00 - 0.00 -
89.62 54.23 50.12 28.33
social responsibility 58.25
42.55
1.20
0.77 0.56 0.56
529.75
102.50 79.78 21.18 1.00 1.00 0.50 0.10
3,586.16 123.88
1,500.00 - 469.76
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
6,970.00 -
- - -
1,030.00 -
3,790.18
299.52 218.12
2.08 - 92.42 - 35.89 - 15.15 -
0.26 -
44.18 2.43
0.90 0.65 - 0.61 - - Accrued interest income on loans 46.28
20.51 - 4.49 3.49 Accrued interest income on debt instruments
6.83
3.49 -
0.15
0.09
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
Margin payable to clients 73.79 46.04
50 80.50 45.50 41.00 20.00
51 Trade payables to 25.76 - 21.25 1.15
`
2.3 Earnings per share
2015a) Shareholders earnings 3,287.13
101.36 -
and diluted earnings per share3,185.77
b) ` 1 each: 769,045,330 24,737,337 (2,030,048) - 791,752,619 779,726,911
c) 40,380,614d) ` 4.09e) ` 3.88
` ``
`
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.5 Capital commitment
` `
` `
``
i. Edelweiss Financial Services Limited (EFSL)
` `
` `
` `
``
` `
` `Company has paid `
` `
iv. ECL Finance Limited (ECLF)
` `` `
v. Edelweiss Broking Limited (EBL)
` `` `
vi. Edelweiss Comtrade Limited (Edel Com)
` `` `
vii. Edelweiss Global Wealth Management Limited (EGWML)
` `
viii. Edel Finance Company Limited (Edel Fin)
` `
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
ix. Edelweiss Tokio Life Insurance Company Limited (ETLI)
` `
2.7 Provision on standard assets
` `
2.8 Movement of NPAs
2015i) Gross NPAs a) 819.29 b) 1,496.33 c) 352.82 d) Closing balance 1,962.80ii) Net NPAs a) 214.22 b) 442.29 c) 84.87 d) Closing balance 571.64iii) Provisions for NPAs a) 605.07 b) 1,054.04 c) 267.95 d) Closing balance 1,391.16
` `
Items 201517.72%11.68%
6.04%
2.10 Details of Single Borrower Limit and Group Borrower Limit by the NBFCs within the Group
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
As at 31 March 2015
Par Non Par Unit Linked Total Total331.11 375.14 274.95 981.20
368.88 654.96 331.91 1,355.75
policyholders45.09 - - 45.09 - -
745.08 1,030.10 606.86 2,382.04
2.12 Long term bank borrowing secured by charge on loan receivable
Term Loans from Banks – Secured as at 31 March 2015
> 5 years 3-5 years 1-3 years <1 year Total
- - -
Total 5,531.87 16,350.61 14,918.68 - 36,801.16
> 5 years <1 year Total - -
-- - -
Total -
2.13 Details of Debentures
Debentures – Secured as at 31 March 2015
> 5 years 3-5 years 1-3 years <1 year Total
- - ---- - -- - -
Various Total 232.90 9,588.47 36,605.96 9,646.65 56,073.98
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s150
2.13 Details of Debentures
> 5 years <1 year Total
- - -- - -- -
Various - - -Total - -
Debentures – Unsecured as at 31 March 2015
> 5 years 3-5 years 1-3 years <1 year Total
- - -- - -
Total 8,631.43 - - - 8,631.43
> 5 years <1 year Total
- - -Total - - -
2.14
2.15
2.16 Details of Cash and Cash Equivalents
As at
31 March 2015
As at
Cash in hand 28.7388.14
6,201.041,484.10
Total 7,802.01
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 151
2.17 Details of quoted investments
As at
31 March 2015
As at
9,336.219,349.111,843.001,912.35
14,183.552,560.00
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s152
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
` `
``
` `
` `
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.19or Associates
Sr. No.
Net Assets i.e. Total assets
As % of consolidated
net assets
Amount As % of consolidated
Amount
Parent
Subsidiaries
Indian
1
2
5
10
11
12
15
20
21
22
25
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
2.19or Associates
Sr. No.
Net Assets i.e. Total assets
As % of consolidated
net assets
Amount As % of consolidated
Amount
Foreign
1
2
5
10
11
12
15
Minority Interests in all subsidiaries
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s 155
2.19or Associates
Sr. No.
Net Assets i.e. Total assets
As % of consolidated
net assets
Amount As % of consolidated
Amount
Associates (Investments as per the equity method) Indian 12
5
For B S R & Associates LLP For and on behalf of the Board of Directors
N Sampath Ganesh Rashesh ShahVenkat RamaswamyHimanshu KajiRujan PanjwaniS RanganathanB Renganathan
Mumbai Mumbai15 May 2015 15 May 2015
Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Form
AO
C-I
Part
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Form
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Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Form
AO
C-I
Part
“A”
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A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Form
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Part
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Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Form
AO
C-I
Part
“A”
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A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
Form
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Nam
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Edelweiss Annual Report 2014-15
A b r i d g e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s 163
Abridged Standalone Financial Statements
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s164
Independent Auditors’ Report on Abridged Financial Statements
To the Members of
Edelweiss Financial Services Limited
Auditors’ responsibility
Opinion
For B S R & Associates LLPChartered Accountants
N Sampath GaneshPartner
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Independent Auditors’ Report
To the Members of
Edelweiss Financial Services Limited
Auditors’ responsibility
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s166
Opinion
Report on Other Legal and Regulatory Requirements
Independent Auditors’ Report
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Independent Auditors’ Report
For B S R & Associates LLPChartered Accountants
N Sampath GaneshPartner
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Name of the statute Nature of dues
Amount (In Rs)
Period to which the amount relates
Forum where dispute is pending
Income Tax
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
For B S R & Associates LLPChartered Accountants
N Sampath GaneshPartner
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
As at 31 March 2015
As at
I EQUITY AND LIABILITIES1 Shareholders’ funds
791.75
2.03 0.10
12,916.76 508.64 481.25
14,700.53
2 42.41
3 2,375.75
37.25 2,413.00
4 45,034.28
128.61 2,271.41
501.86 47,936.16
TOTAL - EQUITY AND LIABILITIES (1+2+3+4) 65,092.10
II ASSETS5 Non- current assets
31.28 20.45
14,732.35 108.63
2,959.77 1.96
17,854.44 6 Current assets
265.71 837.41
45,676.81 457.73
47,237.66
TOTAL ASSETS (5+6) 65,092.10
For B S R & Associates LLP For and on behalf of the Board of Directors Chartered Accountants
N Sampath Ganesh Rashesh Shah Chairman, Managing Director & CEOPartner Venkat Ramaswamy
Himanshu KajiRujan PanjwaniS RanganathanB Renganathan EVP & Company Secretary
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
For the year ended
31 March 2015
For the year ended
I Income
1,775.24
550.31
152.71
2,478.26
II Other income 3.34
III Total income (I+II) 2,481.60
IV Expenditure
516.79
236.69
29.18
329.41
Total expenditure 1,112.07
V 1,369.53
VI Tax expense
287.27
-
(32.55)
VII 1,114.81
VIII Earnings per equity share (`) (Face value ` 1 each) (Refer note 2.3):
1.43
1.36
For B S R & Associates LLP For and on behalf of the Board of Directors Chartered Accountants
N Sampath Ganesh Rashesh Shah Chairman, Managing Director & CEOPartner Venkat Ramaswamy
Himanshu KajiRujan PanjwaniS RanganathanB Renganathan EVP & Company Secretary
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
For the year ended
31 March 2015
For the year ended
I (38,634.62)
II (602.87)
III 39,928.22
IV 690.73
V 142.95
VI 833.68
For B S R & Associates LLP For and on behalf of the Board of Directors Chartered Accountants
N Sampath Ganesh Rashesh Shah Chairman, Managing Director & CEOPartner Venkat Ramaswamy
Himanshu KajiRujan PanjwaniS RanganathanB Renganathan EVP & Company Secretary
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Assets
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Class of asset
Furniture and Fixtures
6 years3 years
1.6 Impairment of assets
1.7 Investments
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
1.7 Investments
Gratuity
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Compensated absences
Deferred Bonus
Current tax
Deferred tax
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
1.12 Earnings per share
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
Primary Segment (Business Segment)
SegmentAgency business
Secondary Segment
For the year ended
31 March 2015
For the year ended
I Segment Revenue 1,459.97 1,021.63
- Total Income 2,481.60
II Segment Results 1,068.20
411.07 (109.74) 1,369.53
254.72 1,114.81
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
31 March 2015III Segment Assets
199.11 63,983.94
909.05 Total 65,092.10
IV 155.38
49,683.31 510.47
Total 50,349.16
V Capital Expenditure
13.91 7.34 6.35
Total 27.60
VI 14.70
7.76 6.72
Total 29.18
VII 13.79 (1.88) (0.35)
Total 11.56
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
(A) Subsidiaries which are controlled by the Company :
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
(A) Subsidiaries which are controlled by the Company :
(B) Associates:
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
(D) Key managerial personnel (KMP):
place:
Note:
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
1 - 138.82
70.05 50.00
-
2,231.87 1,166.44
78.60 -
9.00
3 2,231.87 1,166.44
4 840.00 - -
108,235.33
6 7,400.00 -
-
- - -
- -
150.00 35.68
11 - -
1,500.00 -
104.60
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
13 35,873.35 19,639.61 16,949.17 13,496.81 10,249.44 3,556.16 3,424.24
949.47 29,936.33
-
14 23,587.65 19,597.99
6,489.36 11,169.48 10,640.61
3,409.36 5,130.60
490.67 13,103.33
-
-
58.30
16 1.49
450.85 373.99 160.25
36.23 695.42 132.48
0.09
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
Reimbursements paid to 338.58 0.44
135.59 52.78 35.72 39.85 39.29
10.5514.40
39.12 1.20
10.12 13.81
201.85 199.13
99.75
118.75 31.00 22.05 21.65
55.11 31.02 20.00
15.69 -
Interest Income on short term loan from 1,576.59 597.58 372.76
71.32 1,266.90
0.00
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
Interest Income on long term loan from 84.00 17.31
Interest Income on margin from 1.38
106.36 12.07
-
-
Rent expense to 25.37
Other expenses to 0.14 0.13
-
31 2.84
17.90 9.00
- 9.00
- 0.47
33 Transfer of gratuity liability on account of employee transfer to
- 0.00 1.00
- - - -
34 0.50 0.40 0.40 0.30 1.30 0.10
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
repaid by 0.30
0.40
0.20 0.600.10
36social responsibility
14.00
5,190.56 3,642.21
2,618.12 3,048.65
0.50 0.10
18.00 9.00 0.00
199.13 -
12,794.00 10,459.81
4,564.57 1,219.37
16,411.48
41 700.00-
-
- -
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
43 2,485.97
44 54.30 41.37 18.16
0.89 80.01
0.00
Interest expense accrued and due on 0.22
0.11 -
46 26.78 15.82
14.56 11.05 10.63 15.39
1.12
Trade payables to 1.44 0.39 0.30
- 0.02 0.47 0.00
55.11 -
31.02 15.69
64.84
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.2
Sr. No.
Related Party Name 31 March 2015
30.00 1.00
12.50
0.20
0.20 0.30 0.70
34,494.40 11,661.10
7,886.44 5,923.80
3,671.40 2,816.59 1,877.72
100.00 -
`
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.3 Earnings per share
2015Shareholders earnings 1,114.81
` 1 each:769,045,330
24,737,3372,030,048
791,752,619
779,726,911
40,380,614` 1.43
` 1.36
` ``
`
2.5 Commitment
``
` `
` `
` `
` `
2.7 Details of dues to micro, small and medium enterprises
` `
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
` `during the year ` `
` `the year ` `
` `year ` `
` `` `
` `during the year ` `
` `during the year ` `
` `year ` `
` `` `
` `the year ` `
` `` `
` `` `
` `` `
` `` `
` `` `
` `` `
` `during the year ` `
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
` `` `
` `` `
` `` `
` `the year ` `
` `year ` `
` `the year ` `
` `` `
` `` `
` `during the year ` `
` `during the year ` `
` `` `
` `during the year ` `
` `` `
` `` `
` `` `
` `` `
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
2.9
2.10 Details of cash and cash equivalents
As at
31 March 2015
As at
0.04 833.64
Total 833.68
2.11 Details of quoted investments
As at
31 March 2015
As at
0.00* 0.00*
14,732.35
`
For B S R & Associates LLP For and on behalf of the Board of Directors Chartered Accountants
N Sampath Ganesh Rashesh Shah Chairman, Managing Director & CEOPartner Venkat Ramaswamy
Himanshu KajiRujan PanjwaniS RanganathanB Renganathan EVP & Company Secretary
Edelweiss Annual Report 2014-15
A b r i d g e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s
N o t i c e
NOTICE IS HEREBY GIVEN THAT THE 20th ANNUAL GENERAL MEETING OF THE MEMBERS OF EDELWEISS FINANCIAL SERVICES LIMITED WILL BE
HELD ON TUESDAY, JULY 21, 2015 AT 3.00 P.M. AT THE REGISTERED OFFICE OF THE COMPANY AT EDELWEISS HOUSE, OFF C.S.T. ROAD, KALINA,
MUMBAI – 400 098 TO TRANSACT THE FOLLOWING BUSINESS:
ORDINARY BUSINESS
1.
RESOLVED
st
SPECIAL BUSINESS
RESOLVED
6. Appointment of Mr. Biswamohan Mahapatra as an Independent Director
RESOLVED
rd
Edelweiss Annual Report 2014-15
N o t i c e
RESOLVED
FURTHER RESOLVED
“RESOLVED
``
`
FURTHER RESOLVED that
FURTHER RESOLVED
N o t i c e
“RESOLVED
``
`
FURTHER RESOLVED that
FURTHER RESOLVED
“RESOLVED
``
`
FURTHER RESOLVED that
FURTHER RESOLVED
Edelweiss Annual Report 2014-15
N o t i c e
“RESOLVED
``
`
FURTHER RESOLVED that
FURTHER RESOLVED
RESOLVED
a principal amount not exceeding `
FURTHER RESOLVED
RESOLVED
N o t i c e
FURTHER RESOLVED
“RESOLVED
FURTHER RESOLVED
“RESOLVED
Edelweiss Annual Report 2014-15
N o t i c e
FURTHER RESOLVED
“RESOLVED
FURTHER RESOLVED
N o t i c e
“RESOLVED
FURTHER RESOLVED
RESOLVED that in
FURTHER RESOLVED
Edelweiss Annual Report 2014-15
N o t i c e
RESOLVED that in
FURTHER RESOLVED
“RESOLVED that
FURTHER RESOLVED
For and on behalf of the Board of Directors
EDELWEISS FINANCIAL SERVICES LIMITED
B. Renganathan
(Membership No. F2922)
efsl.shareholders
N o t i c e
NOTES:
1.
2. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE
INSTEAD OF HIMSELF AND SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXIES IN ORDER TO BE EFFECTIVE
MUST BE RECEIVED BY THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE MEETING.
3.
Book Closure and Dividend
7. Bank Mandates
Edelweiss Annual Report 2014-15
N o t i c e
8.
9.
10
N o t i c e
to
Edelweiss Annual Report 2014-15
N o t i c e
ANNEXURE TO THE NOTICE DATED MAY 15, 2015
EXPLANATORY STATEMENT PURSUANT TO THE PROVISIONS OF SECTION 102 OF THE COMPANIES ACT, 2013
ITEM NO. 5:-
N o t i c e
ITEM NO. 6 :-
ITEM NO. 7:-
`
`
Edelweiss Annual Report 2014-15
N o t i c e
ITEM NOS. 8 to 11:-
ITEM NO. 12:-
ITEM NO. 13:-
N o t i c e
ITEM NOS. 14 to 17:-
Edelweiss Annual Report 2014-15
N o t i c e
ITEM NOS. 18 and 19:-
ITEM NO. 20:-
For and on behalf of the Board of Directors
EDELWEISS FINANCIAL SERVICES LIMITED
B. Renganathan
(Membership No. F2922)
N o t i c e
Mr. Rashesh Shah Ms. Vidya Shah Mr. Biswamohan Mahapatra
and
and
other public limited
of ` 1 each
of ` 1 each
Edelweiss Annual Report 2014-15
N o t i c e
N o t i c e
Edelweiss Annual Report 2014-15
N o t i c e
N o t i c e
Edelweiss Annual Report 2014-15
N o t i c e