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 31 DECEMBER 2014. ( Rs IN 000)
Sr. No.
PARTICULARS SCHEDULE As at 31.12.2014 As at 31.12.2013

SOURCES OF FUNDS



SHARE CAPITAL                                                               NL-8-Share Capital Schedule 4300000 4300000

SHARE APPLICATION MONEY PENDING ALLOTMENT



RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 134481133 108422560

Deferred Tax Liability
0 0

FAIR VALUE CHANGE ACCOUNT
280755886 187920839

BORROWINGS NL-11-Borrowings Schedule


TOTAL
419537019 300643399

APPLICATION OF FUNDS



INVESTMENTS NL-12-Investment Schedule 555078910 437638002

LOANS NL-13-Loans Schedule 3973201 4283685

FIXED ASSETS NL-14-Fixed Assets Schedule 1390143 520986

DEFERRED TAX ASSET
64650 70326

CURRENT ASSETS



Cash and Bank Balances NL-15-Cash and bank balance Schedule 71089987 83419236

Advances and Other Assets NL-16-Advancxes and Other Assets Schedule 133064274 118187778

Sub-Total (A)
204154261 201607014

CURRENT LIABILITIES NL-17-Current Liabilities Schedule 263298631 266169345

PROVISIONS NL-18-Provisions Schedule 81825515 77307270

DEFERRED TAX LIABILITY



Sub-Total (B)
345124146 343476615

NET CURRENT ASSETS (C) = (A - B)
-140969885 -141869600

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


DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT



TOTAL
419537019 300643399










CONTINGENT LIABILITIES
Sr. No.
Particulars
As at 31.12.2014 As at 31.12.2013



(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
6595916 5811173
5 Statutory demands/ liabilities in dispute, not provided for
19519294 4604563
6 Reinsurance obligations to the extent not provided for in accounts

869734
7 Others (to be specified)



TOTAL
26115210 11285470