ICICI Bank 2009 Annual Report Download - page 118

F44
section 212
Statement pursuant to Section 212 of the Companies Act, 1956, relating to subsidiary companies
Sr.
No. Name of the subsidiary company Financial year
of the subsidiary
ended on
No. of equity shares held by ICICI Bank
and/or its nominees in the subsidiary
as on March 31, 2009
Extent of
interest
of ICICI
Bank in
capital of
subsidiary
Net aggregate amount of
profits/(losses) of the subsidiary
so far as it concerns the
members of ICICI Bank and
is not dealt with in the accounts
of ICICI Bank
1
Net aggregate amount
of profits/(losses) of the
subsidiary so far as it
concerns the members
of ICICI Bank dealt with or
provided for in the accounts
of ICICI Bank
2
Rupees in ‘000s Rupees in ‘000s
for the
financial
year ended
March 31,
2009
for the previous
financial
years of the
subsidiary since
it became a
subsidiary
for the
financial year
ended
March 31,
2009
for the previous
financial years
of the subsidiary
since it became a
subsidiary
1 ICICI Securities Primary Dealership Limited March 31, 2009 15,634 equity shares of Rs. 100,000 each fully paid up 100.0% 1,366,022 4,625,774 1,355,220 5,427,530
2 ICICI Securities Limited March 31, 2009 305,353,500 equity shares of Rs. 2 each, fully paid up 100.0% (195,885) 1,081,046 240,064 1,676,459
3 ICICI Securities Holdings Inc.
3
March 31, 2009 14,450,000 common stock of US$ 1 each fully paid up
held by ICICI Securities Limited — (36,713) (25,711) Nil Nil
4 ICICI Securities Inc.
3
March 31, 2009 11,050,000 common stock of US$ 1 each fully paid up
held by ICICI Securities Holdings Inc. — (146,545) (240,737) Nil 15,635
5 ICICI Venture Funds Management Company Limited March 31, 2009 1,000,000 equity shares of Rs. 10 each fully paid up 100.0% 530,486 921,825 950,000 2,500,979
6 ICICI International Limited
4
March 31, 2009 90,000 ordinary shares of US$ 10 each fully paid up 100.0% 3,030 23,322 Nil 15,782
7 ICICI Home Finance Company Limited March 31, 2009 1,098,750,000 equity shares of Rs. 10 each fully paid up 100.0% 688,089 962,147 740,577 1,047,099
8 ICICI Trusteeship Services Limited March 31, 2009 50,000 equity shares of Rs. 10 each fully paid up 100.0% 376 1,622 Nil Nil
9 ICICI Investment Management Company Limited March 31, 2009 10,000,700 equity shares of Rs. 10 each fully paid up 100.0% 2,324 33,955 Nil Nil
10 ICICI Prudential Life Insurance Company Limited March 31, 2009 1,055,162,900 equity shares of Rs. 10 each fully paid up 73.9% (5,764,322) (21,559,780) Nil Nil
11 ICICI Lombard General Insurance Company Limited March 31, 2009 297,552,950 equity shares of Rs.10 each fully paid up 73.8% 174,349 953,187 Nil 1,225,319
12 ICICI Bank UK PLC
4
March 31, 2009 545,000,000 ordinary shares of US$ 1 each and 50,002
ordinary shares of 1 GBP each 100.0% 314,031 3,447,540 Nil 535,172
13 ICICI Bank Canada
5,8
December 31, 2008 597,000,000 common shares of Canadian Dollar (CAD) 1 each 100.0% 588,099 (431,033) Nil Nil
14 ICICI Bank Eurasia Limited Liability Company
6,8
December 31, 2008 Not Applicable # 100.0% 106,012 (58,283) Nil Nil
15 ICICI Prudential Asset Management Company Limited March 31, 2009 9,002,573 equity shares of Rs. 10 each, fully paid up 51.0% (68,395) 365,165 72,021 428,243
16 ICICI Prudential Trust Limited March 31, 2009 51,157 equity shares of Rs. 10 each, fully paid up 50.8% 255 428 409 256
17 ICICI Wealth Management Inc.
5,7,8
December 31, 2008 2,500,001 common shares of Canadian Dollar (CAD) 1 each held
by ICICI Bank Canada — (46,883) (20,211) Nil Nil
# The shares in the authorised capital of ICICI Bank Eurasia Limited Liability Company is registered without issue of equity shares due to the legal form of subsidiary.
1. The above companies (other than ICICI Bank UK PLC, ICICI Bank Canada, ICICI Bank Eurasia Limited Liability Company, ICICI Prudential Asset Management Company Limited, ICICI Prudential Trust Limited and ICICI
Wealth Management Inc.) which were subsidiaries of erstwhile ICICI Limited have become subsidiaries of the Bank consequent to the merger of erstwhile ICICI Limited with ICICI Bank.
2. The amount received by erstwhile ICICI Limited upto March 29, 2002 as dividend has also been included in the reserves of ICICI Bank.
3. ICICI Securities Holdings Inc. is wholly-owned subsidiary of ICICI Securities Limited. ICICI Securities Inc. is a wholly-owned subsidiary of ICICI Securities Holdings Inc.
4. The profits/(losses) of ICICI Bank UK PLC and ICICI International Limited for the year ended March 31, 2009 have been translated into Indian Rupees at the rate of 1 US$ = Rs. 45.9438.
5. The profits/(losses) of ICICI Bank Canada and ICICI Wealth Management Inc. for the year ended December 31, 2008 have been translated into Indian Rupees at the rate of 1 CAD = Rs. 41.2701.
6. The profits/(losses) of ICICI Bank Eurasia Limited Liability Company for the year ended December 31, 2008 have been translated into Indian Rupees at the rate of 1 RUB = Rs.1.80118.
7. ICICI Wealth Management Inc. is wholly-owned subsidiary of ICICI Bank Canada.
8. The information furnished for ICICI Bank Canada, ICICI Wealth Management Inc. and ICICI Bank Eurasia Limited Liability Company is from the period January 1, 2008 to December 31, 2008, being their financial year.
Please find below key financial parameters of these companies as on March 31, 2009 and their movement from December 31, 2008 levels.
(Rs. in ‘000s)
ICICI Bank CanadabICICI Wealth Management Inc.bICICI Bank Eurasia Limited Liability Companyc
Particulars As on
March 31, 2009
As on
December 31, 2008 Movement As on
March 31, 2009
As on
December 31, 2008 Movement As on
March 31, 2009
As on
December 31, 2008 Movement
Fixed assets 145,943 135,735 10,208 556 560 (4) 104,449 118,495 (14,046)
Investments 40,324,446 57,640,070 (17,315,624) — — — 2,148,675 2,877,987 (729,312)
Advances 204,618,161 188,292,796 16,325,365 — — — 15,997,657 18,540,384 (2,542,726)
Borrowingsa 3,039,375 3,486,546 (447,171) — — — 18,684,379 19,586,884 (902,505)
a. Since it is not possible to identify the amount borrowed to meet its current liabilities, the amount shown above represents the total borrowings.
b. The financial parameters of ICICI Bank Canada and ICICI Wealth Management Inc. have been translated into Indian Rupees at 1 CAD = Rs. 40.5250 for the year ended March 31, 2009 and 1 CAD = Rs. 39.9925 for the year ended
December 31, 2008.
c. The financial parameters of ICICI Bank Eurasia Limited Liability Company have been translated into Indian Rupees at 1 RUB =Rs. 1.53775 for the year ended March 31, 2009 and 1 RUB = Rs. 1.70073 for the year ended December 31, 2008.
For and on behalf of the Board of Directors
N. VAGHUL K. V. KAMATH
Chairman Managing Director & CEO
CHANDA D. KOCHHAR V. VAIDYANATHAN
Joint Managing Director & CFO Executive Director
SANDEEP BATRA RAKESH JHA SONJOY CHATTERJEE K. RAMKUMAR
Place : Mumbai Group Compliance Officer & Deputy Chief Executive Director Executive Director
Date : April 25, 2009 Company Secretary Financial Officer