REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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88 CONSOLIDATED 88th Series - 8.65% Redeemable at par on 15.01.2019 1,49,500.00 1,49,500.00 89-I Series - 7.00% Redeemable at par on 02.06.2012 67,150.00 - 89-II Series - 7.70% Redeemable at par on 02.06.2014 25,500.00 - 90 th Series - 8.80% Redeemable at par on 03.08.2019 2,00,000.00 - 90-A-I Series - 7.15% Redeemable at par on 05.08.2012 1,00,000.00 - 90-A-II Series - 8.00% Redeemable at par on 05.08.2014 1,00,000.00 - 90-B-I Series - 8.35% Redeemable at par on 04.09.2014 88,390.00 - 90-B-II Series - 8.72% Redeemable at par on 04.09.2019 86,820.00 - 90-C-I Series - 7.90% Redeemable at par on 06.10.2012 1,41,750.00 - 90-C-II Series - 8.80% Redeemable at par on 06.10.2019 1,04,000.00 - 91-I Series - 7.75% Redeemable at par on 17.11.2012 94,300.00 - 91-II Series - 8.80% Redeemable at par on 17.11.2019 99,590.00 - 92-I Series - 7.60% Redeemable at par on 22.01.2013. 92,460.00 - 92-II Series - 8.65% Redeemable at par on 22.01.2020 94,530.00 - 93-I Series - 7.65% Redeemable at par on 19.02.2013 14,150.00 - 93-II Series - 8.45% Redeemable at par on 19.02.2015 44,310.00 - CAPITAL GAINS BONDS (Redeemable at par) Series-I - 1,552.60 Series-II - 1,639.40 Series-III - 6,502.30 Series-IV 131.80 20,638.20 Series-V 42,481.60 81,013.50 Series-VI 53,628.50 4,49,421.30 Series-VI A - 2,85,867.00 Series-VII 3,40,274.40 3,40,274.40 Series-VIII 2,52,523.30 2,52,523.30 Series-VIII (2009-10) 3,05,777.60 - INFRASTRUCTURE BONDS (Redeemable at par) (Rs. in Lacs) As at 31.03.2010 As at 31.03.2009 Series-I & II - 924.70 Series-III - 533.55 Series-IV - 420.00 Interest Accrued & Due on Capital Gain Bonds 117.75 - Total Secured Loans 46,24,473.81 37,61,365.25 Due for repayment/redemption within one year 6,40,702.59 9,90,348.69 Notes to Schedule No 3 :a) Secured loan of Rs. 46,24,473.81 lakhs include :- Taxable secured bonds of Series 91 to 93 onwards amounting to Rs. 4,39,340 lakhs for which registration of charge is in process. b) (i) 64th Series of bonds have been redeemed on 27th September 2009. (ii) 66th Series of bonds have been redeemed on 31st January 2010. (iii) 41st Series of bonds have been redeemed on 22nd February 2010. (iv) Charge vacation for bond series 64th, 66th & 41st in under process. (v) 69th Series of bonds (20% 1st instalment) have been redeemed on 23rd January 2010. (vi) 87 A-II Series of bonds have put/call option at the end of 5 years, i.e. 24.10.2013. Rs. 272 crores of 72nd bond series were redeemed on 18.08.2009 on put option exercised by Bond holders and balance of Rs. 11,370 lacs is redeemable on 18.08.2011. c) 69th, 73rd and 77th series are redeemable at par in 5 equal instalments at par at the end of 6th,7th,8th,9th and 10th year respectively. ( Rs. 133.84 crores - 20% of 1st instalment of bonds 69th series has been redeemed on 23rd January 2010.
d) 75th series of bonds shall be redeemed at par in 10 equal instalments at half yearly intervals from 5 –1/2 years to 10 years by way of STRPPs. e) 78th, 79th, 80th, 81st, 82nd, 83rd, 85th , 86 A, 86 B-III, 87-II, 87 A-II, 87 A-III, 88th, 90th, 90 B-II, 90 C-II, 91-II & 92-II series are redeemable at par at the end of 10 years i.e. 31.01.2016, 14.03.2016, 20.03.2016, 20.01.2017, 28.09.2017 , 28.02.2018, 13.06.2018, 29.07.2018, 14.08.2018, 30.09.2018, 24.10.2018, 24.10.2018, 15.01.2019, 03.08.2019, 04.09.2019, 06.10.2019, 17.11.2019 & 22.01.2020 respectively. f) 84th, 86th, 86B-II, 87-I, 87 A-I, 87 C -III, 89-II, 90 A-II, 90 B -I & 93-II series are redeemable at par at the end of 5 years i.e, 04.04.2013, 24.07.2013, 14.08.2013, 30.09.2013, 24.10.2013, 26.11.2013, 02.06.2014, 05.08.2014, 04.09.2014 & 19.02.2015 respectively. g) 86 B-I, 87 B, 89-I, 90 A-I, 90 C-I, 91-I, 92-I & 93-I series are redeemable at par at the end of 3 years i.e, 14.08.2011, 03.11.2011, 02.06.2012, 05.08.2012, 06.10.2012, 17.11.2012, 22.01.2013 & 19.02.2013 respectively. h) 87 A-I series of bonds have put/call options at the end of 3 years i.e, 24.10.2011. i) 87 C-I series is redeemable at par at the end of 18 months i.e, 26.05.2010. j) 87 C-II series is redeemable at par at the end of 24 months i.e, 26.11.2010. k) Capital Gains Tax Exemption Bonds are issued for a tenure of 3/5/7 years at the rates of 5.15% to 8.70% payable semiannualy/ annualy & with cumulative options. These bonds have put/call option at the end of 3/5 years. In the current year(09-10) Capital Gain Exemption Bond Issue Sr VIII(09-10) has a 3 years tenure at 6.25% payable annually. Infrastructure bonds have been issued for a tenure of 3 to 5 years at different interest rates varying between 6.00% to 9.00% payable annually. These bonds have put option at the end of 3/5 years from the date of allotment. SCHEDULE ‘4’ UNSECURED LOANS (Rs. in Lacs) As at 31.03.2010 As at 31.03.2009 LOAN FROM GOVERNMENT OF INDIA 4,941.84 6,474.48 TERM LOANS (a) Long term Loan from Banks 4,14,300.00 2,74,780.00 (b) Short term Loan from Banks - 1,30,000.00 CASH CREDIT 63,000.00 - FOREIGN CURRENCY BORROWINGS (a) Long term ECB- Syndicated Loan from Banks 87,026.32 87,026.32 JBIC Loan- Govt. of India Guaranteed 78,839.17 43,941.29 Kfw Loan- Govt. of India Guaranteed 41,771.66 18,400.36 COMMERCIAL PAPER 2,45,000.00 1,29,500.00 LOAN THROUGH BONDS Long term (A) Non- Cumulative ,Guaranteed by Government of India 21st Series - 11.5% Redeemable at par on 29.12.2009 - 6,908.00 22nd Series - 11.5% Redeemable at par on 27.12.2010 4,900.00 4,900.00 23rd Series-1 - 12% Redeemable at par on 05.12.2011 2,265.00 2,265.00 23rd Series-2 - 12% Redeemable at par on 21.02.2012 3,035.00 3,035.00 (B) Other Bonds 74th Series - 7.22% Redeemable at par on 31.12.2014 25,000.00 25,000.00 Interest Accrued & Due 270.04 - Total Unsecured Loans 9,70,349.03 7,32,230.45 Due for repayment/ redemption within one year 3,60,828.16 3,25,388.00 Note:- Bonds for Rs.2.00 lacs are held as on 31.03.2010 by <strong>REC</strong> <strong>Ltd</strong>. CP Fund Trust. CONSOLIDATED 89
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CORPORATE OFFICE ZONAL OFFICES REGI
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2 CONSISTENT GROWTH OVER 10 YEARS P
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4 MISSION Mission & Objectives 41st
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6 PERFORMANCE HIGHLIGHTS 41st ANNUA
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8 ACKNOWLEDGEMENTS 41st ANNUAL REPO
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10 41st ANNUAL REPORT 2009-10 82(3)
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12 41st ANNUAL REPORT 2009-10 11. A
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14 41st ANNUAL REPORT 2009-10 As me
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16 Shri Venugopal N. Dhoot Dr. Devi
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18 SHRI DEVENDER SINGH Government N
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20 To The Shareholders, The Directo
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22 crore and Fixed Assets of Rs.89.
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24 (DSM), Municipal DSM, Bachat Lam
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26 Sl. Programme No. of No. of No.
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28 21.3 Four quarterly review meeti
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30 Electricity Department of Manipu
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32 41st ANNUAL REPORT 2009-10 TABLE
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Page 40 and 41: 38 41st ANNUAL REPORT 2009-10 TABLE
Page 42 and 43: 40 The performance orientation buil
Page 44 and 45: 42 As a listed company and a good c
Page 46 and 47: 44 (ii) The terms of reference of t
Page 48 and 49: 46 3.1.8 FPO Committee During the y
Page 50 and 51: 48 the Company are published in lea
Page 52 and 53: 50 (xi) Distribution of Shareholdin
Page 54 and 55: 52 SOURCES OF FUNDS Shareholders’
Page 56 and 57: 54 Authorised SCHEDULE ‘1’ CAPI
Page 58 and 59: 56 88th Series - 8.65% Redeemable a
Page 60 and 61: 58 SCHEDULE- ‘5’ FIXED ASSETS A
Page 62 and 63: 60 SCHEDULE ‘8’ DEFERRED TAX LI
Page 64 and 65: 62 SCHEDULE ‘11’ OPERATING INCO
Page 66 and 67: 64 SCHEDULE ‘15’ ADMINISTRATION
Page 68 and 69: 66 15. Auditors’ Remuneration inc
Page 70 and 71: 68 25. Subsequent to settlement of
Page 72 and 73: 70 Changes in the Fair value of Pla
Page 74 and 75: 72 Rs. In Lacs. Particulars As at N
Page 76 and 77: 74 For the purpose of application o
Page 78 and 79: 76 In terms of our Report of even d
Page 80 and 81: 78 To The Members of Rural Electrif
Page 82 and 83: 80 by our audit and in the immediat
Page 84 and 85: 82 COMMENTS OF THE COMPTROLLER & AU
Page 86 and 87: 84 CONSOLIDATED SOURCES OF FUNDS Sh
Page 88 and 89: 86 CONSOLIDATED Authorised SCHEDULE
Page 92 and 93: 90 CONSOLIDATED SCHEDULE- ‘5’ C
Page 94 and 95: 92 CONSOLIDATED SCHEDULE ‘8’ DE
Page 96 and 97: 94 CONSOLIDATED SCHEDULE ‘11’ O
Page 98 and 99: 96 CONSOLIDATED SCHEDULE ‘17’ C
Page 100 and 101: 98 CONSOLIDATED 21. Disclosure in r
Page 102 and 103: 100 CONSOLIDATED Amounts recognized
Page 104 and 105: 102 CONSOLIDATED 35. The Corporatio
Page 106 and 107: 104 CONSOLIDATED CONSOLIDATED SIGNI
Page 108 and 109: 106 AUDITORS’ REPORT TO THE BOARD
Page 110 and 111: 108 ADDRESSES OF REC OFFICES Sl. RE
Page 112 and 113: 110 Sl. REC Offices Addresses Telep
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REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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