ICICI Bank 2011 Annual Report Download - page 128

F50
Statement pursuant to Section 212 of the Companies Act, 1956, relating to subsidiary companies
section 212
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 at March 31, 2011
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
` in '000s ` in '000s
For the
financial
year ended
March 31,
2011
For the
previous
financial
years of the
subsidiary since
it became a
subsidiary
For the
financial
year ended
March 31,
2011
For the previous
financial years
of the subsidiary
since it became a
subsidiary
1 ICICI Securities Primary Dealership Limited March 31, 2011 15,634 equity shares of ` 100,000 each fully paid up 100.0% 277,666 6,474,167 250,144 7,150,149
2 ICICI Securities Limited March 31, 2011 805,353,500 equity shares of ` 2 each fully paid up 100.0% 321,955 1,191,986 810,000 2,836,540
3 ICICI Securities Holdings Inc.3 March 31, 2011 16,640,000 common stock of USD 1 each fully paid up held by
ICICI Securities Limited
- (6,511) (137,450) Nil Nil
4 ICICI Securities Inc.3 March 31, 2011 11,950,000 common stock of USD 1 each fully paid up held by
ICICI Securities Holdings Inc.
- (22,851) (501,461) Nil 15,635
5 ICICI Venture Funds Management Company Limited March 31, 2011 1,000,000 equity shares of ` 10 each fully paid up 100.0% 289,070 1,707,189 450,000 3,710,979
6 ICICI International Limited4March 31, 2011 90,000 ordinary shares of USD 10 each fully paid up 100.0% 6,282 35,067 Nil 15,782
7 ICICI Home Finance Company Limited March 31, 2011 1,098,750,000 equity shares of ` 10 each fully paid up 100.0% 833,075 2,191,219 1,499,794 2,853,464
8 ICICI Trusteeship Services Limited March 31, 2011 50,000 equity shares of ` 10 each fully paid up 100.0% 342 2,419 Nil Nil
9 ICICI Investment Management Company Limited March 31, 2011 10,000,700 equity shares of ` 10 each fully paid up 100.0% 11,865 14,438 Nil Nil
10 ICICI Prudential Life Insurance Company Limited March 31, 2011 1,055,310,900 equity shares of ` 10 each fully paid up 73.9% 5,966,717 (25,417,973) Nil Nil
11 ICICI Lombard General Insurance Company Limited March 31, 2011 297,552,950 equity shares of ` 10 each fully paid up
(excludes 23,082,568 equity shares of ` 10 each fully paid up
pending allotment)
73.6% (1,007,133) 1,712,896 416,212 1,700,996
12 ICICI Bank UK PLC4March 31, 2011 545,000,000 ordinary shares of USD 1 each and 50,002 ordinary
shares of 1 GBP each
100.0% 1,477,914 5,519,250 187,971 535,172
13 ICICI Bank Canada5, 8 December 31, 2010 839,500,000 common shares of Canadian Dollar (CAD) 1 each 100.0% 1,191,524 1,079,409 268,189 307,188
14 ICICI Bank Eurasia Limited Liability Company#,6,8 December 31, 2010 Not Applicable # 100.0% 284,815 153,741 Nil Nil
15 ICICI Prudential Asset Management Company Limited March 31, 2011 9,002,573 equity shares of ` 10 each fully paid up 51.0% 136,773 540,083 229,565 909,881
16 ICICI Prudential Trust Limited March 31, 2011 51,157 equity shares of ` 10 each fully paid up 50.8% 705 1,437 767 1,432
17 ICICI Prudential Pension Funds Management Company
Limited7
March 31, 2011 11,000,000 equity shares of ` 10 each, fully paid up held by
ICICI Prudential Life Insurance Company Limited
- (2) (137) Nil Nil
# The shares in the authorised capital of ICICI Bank Eurasia Limited Liability Company are registered without issue of equity shares due to the legal form of the 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 Prudential Pension Funds
Management Company Limited) 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 a wholly owned subsidiary of ICICI Securities Limited. ICICI Securities Inc. is a wholly owned subsidiary of ICICI Securities Holdings Inc.
4. The profits of ICICI Bank UK PLC and ICICI International Limited for the year ended March 31, 2011 have been translated into Indian Rupees at the rate of 1 USD = ` 45.5688.
5. The profits of ICICI Bank Canada for the year ended December 31, 2010 have been translated into Indian Rupees at the rate of 1 CAD = ` 44.4831.
6. The profits of ICICI Bank Eurasia Limited Liability Company for the year ended December 31, 2010 have been translated into Indian Rupees at the rate of 1 RUB = ` 1.50696.
7. ICICI Prudential Pension Funds Management Company Limited, a wholly owned subsidiary of ICICI Prudential Life Insurance Company Limited, was incorporated on April 22, 2009.
8. The information furnished for ICICI Bank Canada and ICICI Bank Eurasia Limited Liability Company is for the period January 1, 2010 to December 31, 2010, being their financial year.
The key financial parameters of the following companies at March 31, 2011 and their movement from December 31, 2010 are given below. ` in ‘000s
Particulars ICICI Bank Canada bICICI Bank Eurasia Limited Liability Company c
At March 31, 2011 At December 31, 2010 Movement At March 31, 2011 At December 31, 2010 Movement
Fixed assets 111,848 110,338 1,510 54,982 58,768 (3,786)
Investments 47,962,097 48,572,150 (610,053) 265,548 275,885 (10,337)
Advances 152,340,541 153,332,631 (992,090) 9,499,948 8,069,670 1,430,278
Borrowingsa 3,449,250 3,358,500 90,750 9,350,236 10,942,049 (1,591,813)
a. Since it is not possible to identify the amount borrowed to meet the current liabilities, the amount shown above represents the total borrowings. The borrowings include subordinate debts and exclude preferred shares.
b. The financial parameters of ICICI Bank Canada have been translated into Indian Rupees at 1 CAD = ` 45.9900 at March 31, 2011 and 1 CAD = ` 44.7800 at December 31, 2010.
c. The financial parameters of ICICI Bank Eurasia Limited Liability Company have been translated into Indian Rupees at 1 RUB = ` 1.59026 at March 31, 2011 and 1 RUB = ` 1.48405 at December 31, 2010.
For and on behalf of the Board of Directors
K. V. KAMATH SRIDAR IYENGAR CHANDA KOCHHAR
Chairman Director Managing Director & CEO
N. S. KANNAN K. RAMKUMAR RAJIV SABHARWAL
Executive Director & CFO Executive Director Executive Director
Place: Mumbai SANDEEP BATRA RAKESH JHA
Date : April 28, 2011 Group Compliance Officer & Deputy Chief
Company Secretary Financial Officer