ICICI Bank 2005 Annual Report Download - page 92

F32
section 212
Sr. Name of the Subsidiary Financial year No. of Equity Shares held by ICICI Extent of interest Net aggregate amount of Profits/ Net aggregate amount of Profits/
No. Company of the Bank and/or its nominees in the of ICICI Bank in (Losses) of the Subsidiary so far as (Losses) of the Subsidiary so far
Subsidiary Subsidiary as on March 31, 2005 Capital of it concerns the Members of ICICI as it concerns the Members of
ended on Subsidiary Bank and is not dealt with in the ICICI Bank dealt with or provided
Accounts of ICICI Bank (see note 1) for in the Accounts of ICICI Bank
(see note 2)
(Rs in ‘000s) (Rs in ‘000s)
for the financial for the previous for the financial for the previous
year ended financial years of year ended financial years of
March 31, 2005 the subsidiary March 31, 2005 the subsidiary
since it became since it became
a subsidiary a subsidiary
1 ICICI Securities Limited March 31, 2005 202,833,200 Equity Shares of 99.9% 2,99,832 2,106,891 263,680 3,186,041
Rs. 10 each fully paid up
2 ICICI Brokerage Services March 31, 2005 4,500,700 Equity Shares of - 84,319 339,382 Nil Nil
Limited (see Note 3) Rs. 10 each, fully paid up
held by ICICI Securities Limited
3 ICICI Securities Holdings March 31, 2005 1,600,000 Common Stock of - (13,350) (5,508) Nil Nil
Inc. (see Note 3) USD 1 each fully paid up held
by ICICI Securities Limited
4 ICICI Securities Inc. March 31, 2005 1,050,000 Common Stock of - 1,029 (7,520) Nil Nil
(see Note 3) USD 1 each fully paid up held
by ICICI Securities Holdings Inc.
5 ICICI Venture Funds March 31, 2005 2,343,717 Equity Shares of 100% 91,557 344,097 232,422 649,043
M anagement Company Limited Rs. 10 each fully paid up
6 ICICI International March 31, 2005 40,000 Ordinary Shares of 100% 4 11,526 Nil 15,782
Limited, Mauritius US$10 each fully paid up
7 ICICI Home Finance March 31, 2005 140,000,000 Equity Shares of 100% 100,098 291,386 Nil 230,000
Company Limited Rs. 10 each fully paid up
8 ICICI Trusteeship Services March 31, 2005 50,000 Equity Shares of 100% 164 633 Nil Nil
Limited Rs. 10 each fully paid up
9 ICICI Investment Management March 31, 2005 10,000,700 Equity Shares of 100% 2,095 15,866 Nil Nil
Company Limited Rs 10 each fully paid up
10 ICICI Prudential Life March 31, 2005 684,500,000 Equity Shares of 74% (1,565,995) (3,504,675) Nil Nil
Insurance Company Limited Rs. 10 each fully paid up
11 ICICI Lombard General March 31, 2005 162,800,000 Equity Shares of 74% 194,967 53,847 162,800 130,329
Insurance Company Limited Rs.10 each fully paid up
12 ICICI Distribution Finance March 31, 2005 8,750,000 Equity Shares of 100% 16,132 Nil Nil 75,250
Private Limited Rs. 10 each fully paid up
13 ICICI Bank UK Limited M arch 31, 2005 100,000,000 Ordinary shares of USD 1 each 100% 102,253 (98,233) Nil Nil
and 2 Ordinary Shares of 1 GBP each
14 ICICI Bank Canada December 31, 2004 15,000,000 Common Shares of 100% (166,685) Nil Nil Nil
(see Note 4) Canadian Dollar 1 each
1. The above companies (other than ICICI Distribution Finance Private Limted, ICICI Bank UK Limited and ICICI Bank Canada) which were subsidiaries of erstwhile ICICI Limited have become
subsidiaries of the Bank consequent to merger of ICICI Limited with ICICI Bank.
2. The amount received by the erstwhile ICICI Limited upto March 29, 2002 as dividend has also been included in the reserves of ICICI Bank.
3. ICICI Brokerage Services Limited and ICICI Securities Holdings Inc. are wholly owned subsidiaries of ICICI Securities Limited. ICICI Securities Inc. is in turn a wholly owned subsidiary of
ICICI Securities Holdings Inc.
4. The above information for ICICI Bank Canada is for the period September 12, 2003 to December 31, 2004 (first financial year). Since ICICI Bank Canada follows January to December as its
financial year details of certain key financial parameters as on March 31,2005 and their movement from December 31,2004 are furnished below.The financial parameters have been translated
into Indian Rupees at 1 CAD= Rs 36.0825 for the financial year ended March 2005 and 1 CAD= Rs 36.095 for the calendar year ended December 31, 2004.
(Rs in ‘000s)
Particulars As on March 31, 2005 As on Dec 31, 2004 Movement
Equity Share Capital 731,533 486,113 245,420
Fixed Assets 95,468 75,355 20,113
Investments 3,358,457 2,189,505 1,168,952
Advances 3,244,322 1,691,166 1,553,156
Borrow ings * 2,183,026 2,168,558 14,468
* Since it is not possible to diclose separately the amount borrowed other than to meet its current liabilities,the amount shown above denotes the total borrowings.
Statement pursuant to Section 212 of the Companies Act, 1956, relating to Subsidiary Companies
For and on behalf of the Board of Directors
N. VAGHUL K. V. KAM ATH LALITA D. GUPTE
Chairman Managing Director & CEO Joint Managing Director
KALPANA MORPARIA NACHIKET MOR CHANDA D. KOCHHAR
Deputy Managing Director Executive Director Executive Director
N. S. KANNAN JYOTIN MEHTA G. VENKATAKRISHNAN
Chief Financial Officer General Manager & General Manager
& Treasurer Company Secretary Accounting & Taxation Group
Place: Mumbai
Date: April 30, 2005