FORM NL-3-B-BS
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDA : 2nd April, 2001
BALANCE SHEET  AS AT 31st March, 2013


( ` IN 000)

PARTICULARS SCHEDULE As at 31.03.2013 As at 31.03.2012

SOURCES OF FUNDS



SHARE CAPITAL NL-8-Share Capital Schedule 4300 000 4300 000

SHARE APPLICATION MONEY PENDING ALLOTMENT



RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 92315 993 72605 078

Deferred Tax Liability
0 0

FAIR VALUE CHANGE ACCOUNT
175760 409 170727 874

BORROWINGS NL-11-Borrowings Schedule


TOTAL
272376 402 247632 952

APPLICATION OF FUNDS



INVESTMENTS NL-12-Investment Schedule 399761 002 369460 864

LOANS NL-13-Loans Schedule 4629 109 4991 930

FIXED ASSETS NL-14-Fixed Assets Schedule 547 656 494 018

DEFERRED TAX ASSET
70 355 50 500

CURRENT ASSETS



Cash and Bank Balances NL-15-Cash and bank balance Schedule 82342 788 69143 742

Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 112047 951 93168 102

Sub-Total (A)
194390 739 162311 844

CURRENT LIABILITIES NL-17-Current Liabilities Schedule 242153 961 213447 278

PROVISIONS NL-18-Provisions Schedule 84868 498 76228 926

DEFERRED TAX LIABILITY



Sub-Total (B)
327022 459 289676 204

NET CURRENT ASSETS (C) = (A - B)
-132631 720 -127364 359

MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule


DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT



TOTAL
272376 402 247632 953










CONTINGENT LIABILITIES




Particulars
TWELVE MONTH ENDING 31.03.2013 TWELVE MONTH ENDING 31.03.2012



(Rs.’000) (Rs.’000)
1 Partly paid-up investments


2 Claims, other than against policies, not acknowledged as debts by the company


3 Underwriting commitments outstanding (in respect of shares and securities)


4 Guarantees given by or on behalf of the Company
6595 916 5811 173
5 Statutory demands/ liabilities in dispute, not provided for
19519 294 4604 563
6 Reinsurance obligations to the extent not provided for in accounts

869 734
7 Others (to be specified)



TOTAL
26115 210 11285 470