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SBI Annual Report

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SBI Annual Report
SBI Global Factors Ltd.

Contents Contents
List of Directors Board of Directors Directors’ Report Corporate Governance Report Management Discussion and Analysis Auditors’ Report Report of Comptroller & Auditor General of India Balance Sheet Profit and Loss Account Cash Flow Statement Schedules To Balance Sheet and Profit And Loss Account Balance Sheet in US $ Profit and Loss Account in US $ Market Share Events 2 3 5 11 14 16 20 22 23 24 25 54 55 58 59

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Annual Report 2009-2010

SBI Global Factors Ltd.

List of Directors List Director ectors
Name Shri. O. P. Bhatt Shri. R. Sridharan Smt. Bharati Rao Shri V. Kannan Shri. B.K.Vatsaraj Shri. Y. Vijayanand Smt. Bhama Krishnamurthy Shri. S. Rajendran Shri. Ashwin Ankhad Shri Sangeet Shukla Designation Chairman Director Director Director Independent Director Independent Director * Director* Director * Independent Director* Executive Vice-Chairman & C.E.O.

* as on 10th June 2010

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Annual Report 2009-2010

2

SBI Global Factors Ltd.

Board of Directors Board Director ectors

Shri O.P. Bhatt Chairman

Shri R. Sridharan Director

Smt. Bharati Rao Director

Shri V. Kannan Director

Shri B.K. Vatsaraj Director

Shri Y. Vijayanand Director
(From 10th June, 2010)

Smt. Bhama Krishnamurthy Director
(From 10th June, 2010)

Shri S. Rajendran Director
(From 10th June, 2010)

Shri Ashwin Ankhad Director
(From 10th June, 2010)

Shri Sangeet Shukla (Executive Vice Chairman & C.E.O.)

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Annual Report 2009-2010

SBI Global Factors Ltd.

Bankers State Bank of India Axis Bank HDFC Bank Standard Chartered Bank Auditors Contractor Nayak & Kisnadwala Chartered Accountants Jash Chambers, 3rd Floor, 7A, Sir P.M.Road, Fort, Mumbai – 400001 Solicitors K Ashar & Company Meadows House, 4th & 5 th Floor, 39, Nagindas Master Road, Fort, Mumbai – 400023 Paras Kuhad & Associates 903, Peninsula Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel,
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