Sap Fico-Debt Securitization

BBP Template

Mahindra Holidays & Resorts India Limited

Tata Consultancy Services Limited

SAP Implementation

Project: PARINAAMBusiness Blue Print Document for

Finance Debt SecuritisationImplemented

By

Document HistoryDocument NameBusiness Blueprint

TitleFinance -Debt Securitisation

Document PurposeManaging Debt Securitisation Process

Key WordsAging Report, Bank , Securitisation , Third Party Auditors, Customers & NPV

Document Status

Contact for Enquiries

Process BasicsIllustrative Response

Process NameFinance Debt Securitisation

Process NumberMHRIL-FI-02-02-104

Process Description (Brief Bullet Points) What Does the Process Do EMI extractions

Listing of customers

Recording of Transactions

Process Owner (preferably indicate the position in the organization structure rather than the name)Head Finance

Input Process Dependent BBPs SD, AR, GL & Bank

Document Sign-OffCompanyNameDateSignature

Document Change Control

Release / VersionDescriptionDateDateSign

V1.1Debt SecuritisationCreated BySundar N

Reviewed BySuanand K

Approved ByMohan krishnamurthi

Created By

Reviewed By

Approved By

Glossary

S.NoDescriptionFull Form

1.

2.

3.

4.

5.

IntroductionThis document depicts the SAP enabled TO-BE version of the business process of MHRIL. The document contains how the process under reference will be handled in the TO-BE SAP scenario along with the business benefits and organisational changes required to implement the SAP enabled business processes. The document also highlights Bank Accounting covers the reporting requirements of MHRIL with respect to the Bank Accounting activity. These are evolved based on the detailed study of the business processes and functions of Customer and with the inputs from the series of Business Blueprint Workshops conducted for this purpose

Intended Users

This document will help:

MHRIL to understand and approve the requirements and design of the proposed application, as adequate for meeting its stated business needs. TCS team to design and develop the application using the requirements as the basis, as well as to plan and manage all project resources thereof.

The acceptance testing team to develop test data and to test the application. The maintenance and support team to understand all aspects of the process, application, and maintain it.

This document states all of the conceptual results of the project PARINAAM. These project results were devised and decided on by the project team and the department experts from customer MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED during the Business Blueprint project phase. This is the main concept document of the project. It is supplemented by separate specifications for custom developments.

The content of this document forms the basis and the guidelines for the subsequent Realization phase. This document aims to describe the future business solution based on SAP ERP. Both, IT subjects and organizational issues that are required to understand the situation, are described in it. Any additional explanations that are only relevant when the project is in progress are given in the various project management plan documents, which the project management team will provide on request.

Authors and contributors can be referred to in section Document History.

SAP R/3 AR/GL module provides a very wide and comprehensive range of functionality that meets the requirement of most of the enterprises worldwide. Thus there was a requirement to study the existing Finance and Reporting practices of MHRIL and map the same to the functionality provided in SAP ECC6.0 in order to evolve the Business Blue print.

The main project objectives and business drivers behind MHRILs decision to implement SAP are to

Streamline the processes related to Bank Accounting Process in Finance.

Standardize business processes and practices.

Eliminate the processes which add no value such as redundant data collections and reconciliation.

Address the current and future business requirements.

Capture and make available information needed for effective and accurate Finance strategies.

Integrated Solution for real time accounting and enhanced reporting.Table of Contents

51.Scope

51.1Business Process Master List reference

51.2Scope in Brief

51.3Location where the Business is performed

51.4Key Policies/Operational Decisions or Logic within the Process

62.Process Description / Requirements

62.1Explanation of Functions and Events

62.2Business Requirements

73.Solution in SAP

73.1.Securitization

84.Business Process Diagram

84.1Debt Securitization

95.Organizational Consideration

95.1Organization Structure Consideration

95.2System Configuration Considerations

96.Changes to Existing Organization Process

96.1Changes observed / Suggested

97.Description of Improvements

98.Functional Deficit

99.Approach to Cover Functional Deficit

910.Integration & Interface Considerations

910.1Integration

910.2Interfaces

911.Reporting Requirements

911.1Standard Reports

1011.2Developed Reports

1012.Data Migration

1012.1Data Conversion / Historical Data

1013.Enhancements & Forms

1013.1Functional Deficit

1013.2Enhancements

1013.3Outputs (e.g. Forms)

1114.Authorization Requirements

1115.Workflow Requirements

1. ScopeBusiness Process Master List referenceBPML Reference

Process Number Core Process Level-1 Process Area Level -2 Business Process Level-3Remarks

MHRIL-FI-02-02-104FICOFinancial AccountingAccounts Receivable, bank & general ledger

Scope in Brief

Scope covers the following.

Extraction of customers future EMI receivables

Extract unique customer listing

Post Securitization entries in the system

Location where the Business is performedLocation Scope covers Head office / branches / resorts of MHRIL company code and Line of Business (LOB) as defined in organization Structure.

Key Policies/Operational Decisions or Logic within the ProcessNot Applicable

2. Process Description / RequirementsExplanation of Functions and Events MHRIL Securitizes its debtors( future receivables) with Banks

Debtors include principal and interest.

Escrow account opened with the bank.

Prepare the listing of Customers.

Validation / review of the selected list for securitization

Auditors Reviews and validates the listing.

Receivables securitized with bank

Business Requirements

System based debtors extraction on future EMI receivables

Reduce manual process and make the process more system based.

Provide accurate debtors listing to the bank

Periodic reconciliation of securitized balance with bank statement.

Month/Quarter/Year End Closing activities.

3. Solution in SAP

3.1. Securitization

Extraction of Listing:Details of customers future EMI receivables will be extracted with the support of an enhancement.

No customer should be repeated in listing report.

Eliminate debts which does not qualify for securitization , the Parameters applied for eliminating the debtors are

A) Cancellation request received from Customers

B) Remove Customers who have made full payments and no outstanding is due

C) Customer who has defaulted the payments or there is any overdue installments.

Extract a fresh customer list after fulfilling above conditions

Review / Validate Listing:

Final listing will be reviewed and approved by MHRIL Finance Head before submission for review to bankers auditor.

Following important parameters checked :

1. Repetition of customers name

2. Customer account not considered for the second time.

3. Ensure listing carries customers only with future EMI.

Securitization :

Submit the validated / audited Debtors lisiting to the bank

Bank Reviews the audited listing and performs sample testing

Post confirmation of the debtors listing, bank approves the securitzation of debts

Offer letter would be provided by the bank to MHRIL

Securitization offer amount would be disclosed by bank after retaining margin amount at an agreed rate.

MHRIL will be allowed to withdraw sum of money excluding margin amount retained by bank.

MHRIL is liable to banker over an agreed terms for securitized amount.

The process may yeild profit when amount received is more than the principal value of securitized debtors or loss when amount received is less than the principal value of securitized debtors.

No separate liability will be created for the securitization amount received from bank instead same will be reduced from debtors and transferred securitized debtors account.

The following entries will be posted as shown in the below attached sheet, accordingly GL would be

EMBED Excel.Sheet.8

4. Business Process Diagram

Debt Securitization

5. Organizational Consideration5.1 Organization Structure Consideration Company Code

Chart of Accounts

5.2 System Configuration ConsiderationsNil6. Changes to Existing Organization Process6.1 Changes observed / Suggested Nil

7. Description of Improvements Nil

8. Functional Deficit Availability of customer EMI information in report

Reconciliations Processes are manually driven

9. Approach to Cover Functional Deficit The same manual processs would be followed for recording and reconciling the balances.

Customer future EMI information will be extracted with support new enhancement

10. Integration & Interface Considerations10.1 Integration As there are No Gaps ientified, this is not applicable

10.2 Interfaces

Nil

11. Reporting Requirements11.1 Standard ReportsSl. NoRequirementsSAP reports

11.2 Developed ReportsReporting

WWRICEF-IDDescriptionReport Type (ABAP, BI, BOBJ)Data ElementsRelevant KPIOwner

< XX-xx-R001 Give a detailed Description of why an additional reporting was required >

12. Data Migration

12.1 Data Conversion / Historical Data Not Applicable

13. Enhancements & Forms13.1 Functional Deficit

Nil.13.2 Enhancements

Nil.13.3 Outputs (e.g. Forms)

Nil

Output / Forms

WRICEF-IDDescriptionData Object (Sales Order)Output Type (Form, EDI, etc.)FrequencyVolumesOwnerAttachment

XX-xx-O001

XX-xx-O002

14. Authorization RequirementsD Direct fit, W Work around, N Not in SAP, C CustomizationMHRIL to provide Authorization Matrix

ActivityData InputData OutputResponsibility / AuthorizationRemarksProcessing System (SAP, Non-SAP)

15. Workflow Requirements

Nil.

Project: PARINAAM MHRIL-TCS CONFIDENTIAL Page 12 of 13

_1387611293.xlsSec I

Mahindra Holidays & Resorts India Ltd

Principal970

Interest rate9.75%

Est.Min Cash Flow85% for 1st 24 Months & 80% thereafter85.00%

No.of Members1,003

Receivables - Amounts due(Rs in Lakhs)

Est Min RealisationAssured Principal SumInterest Sum

S.NoMonthsAmt Due%AmountPrincipal OBInterestTotal Sum

1Apr-0346.8185.00%39.79970.0031.917.8839.79

2May-0346.8185.00%39.79938.0932.177.6239.79

3Jun-0346.8185.00%39.79905.9332.437.3639.79

4Jul-0346.8185.00%39.79873.5032.697.1039.79

5Aug-0346.5385.00%39.55840.8132.726.8339.55

6Sep-0346.5385.00%39.55808.0932.986.5739.55

7Oct-0346.3585.00%39.40775.1133.106.3039.40

8Nov-0346.0985.00%39.18742.0133.156.0339.18

9Dec-0345.9685.00%39.06708.8633.315.7639.06

10Jan-0445.9685.00%39.06675.5533.585.4939.06

11Feb-0445.6985.00%38.84641.9833.625.2238.84

12Mar-0445.6085.00%38.76608.3533.824.9438.76

13Apr-0445.4385.00%38.62574.5433.954.6738.62

14May-0443.1385.00%36.66540.5932.274.3936.66

15Jun-0440.3485.00%34.29508.3230.164.1334.29

16Jul-0436.7385.00%31.22478.1627.343.8931.22

17Aug-0434.8785.00%29.64450.8325.983.6629.64

18Sep-0433.7985.00%28.73424.8525.273.4528.73

19Oct-0430.9885.00%26.33399.5723.093.2526.33

20Nov-0428.3385.00%24.08376.4921.023.0624.08

21Dec-0426.0485.00%22.13355.4719.242.8922.13

22Jan-0522.1785.00%18.84336.2216.112.7318.84

23Feb-0519.1185.00%16.24320.1213.642.6016.24

24Mar-0518.2885.00%15.54306.4713.052.4915.54

25Apr-0517.8380.00%14.26293.4211.882.3814.26

26May-0517.7380.00%14.19281.5411.902.2914.19

27Jun-0517.5980.00%14.07269.6411.882.1914.07

28Jul-0517.4680.00%13.97257.7711.872.0913.97

29Aug-0517.4180.00%13.93245.8911.932.0013.93

30Sep-0517.3280.00%13.86233.9611.961.9013.86

31Oct-0517.2980.00%13.83222.0012.031.8013.83

32Nov-0517.2580.00%13.80209.9712.101.7113.80

33Dec-0517.2580.00%13.80197.8812.191.6113.80

34Jan-0617.2580.00%13.80185.6812.291.5113.80

35Feb-0617.2280.00%13.77173.3912.371.4113.77

36Mar-0617.1080.00%13.68161.0312.371.3113.68

37Apr-0616.9980.00%13.59148.6512.381.2113.59

38May-0616.9380.00%13.54136.2712.441.1113.54

39Jun-0616.9080.00%13.52123.8312.521.0113.52

40Jul-0616.6680.00%13.33111.3212.430.9013.33

41Aug-0615.0980.00%12.0798.8911.270.8012.07

42Sep-0613.6980.00%10.9587.6310.240.7110.95

43Oct-0611.5880.00%9.2677.398.640.639.26

44Nov-0610.4480.00%8.3568.757.790.568.35

45Dec-0610.0780.00%8.0660.967.560.508.06

46Jan-079.5180.00%7.6153.407.180.437.61

47Feb-079.4580.00%7.5646.227.190.387.56

48Mar-079.4580.00%7.5639.047.250.327.56

49Apr-079.3080.00%7.4431.797.180.267.44

50May-079.2380.00%7.3824.617.180.207.38

51Jun-078.3280.00%6.6517.436.510.146.65

52Jul-076.5980.00%5.2710.915.180.095.27

53Aug-075.0780.00%4.065.734.010.054.06

54Sep-073.9080.00%3.121.721.720.011.73

55Oct-071.8080.00%1.440.000.000.000.00

56Nov-070.9980.00%0.790.000.000.000.00

57Dec-070.5880.00%0.470.000.000.000.00

58Jan-080.4080.00%0.320.000.000.000.00

59Feb-080.1780.00%0.130.000.000.000.00

60Mar-080.1580.00%0.120.000.000.000.00

Total1,347.111,124970.00149.801,119.80

2230.0

Bal as on 31st March'04791.17651.89574.5472.71647.24

Amount in Margin A/c139.27

Amount in Sec Drs A/c651.89

Total791.17

Sec II

Mahindra Holidays & Resorts India LtdSEC II

Principal (Rs-Lakhs)1,000Calculation of Effective rate

Interest rate8.75%ReqEff

Est.Min Cash Flow85% in 1st 24 months and 80% thereafter85%PV9901000

No.of Members1,380Cost9.19%9.75%

pmt($26.35)($26.62)

Term4545

Receivables - Amounts due(Rs in Lakhs)Min Prin


S.NoMonthsAmt Due%AmountPrincipal Bal.InterestTotal SumDisc RateDFPVInterest

1Oct-0377.9185%66.381,000.0059.097.2966.3811.539.19%0.00000.0077.91

2Nov-0377.9185%66.38940.9159.526.8666.3811.539.19%0.00000.0077.91

3Dec-0377.6585%66.16881.3959.736.4366.1611.499.19%0.00000.0077.65

4Jan-0475.3185%64.16821.6658.175.9964.1611.159.19%0.00000.0075.31

5Feb-0471.7685%61.14763.4855.575.5761.1410.629.19%0.00000.0071.76

6Mar-0464.2385%54.73707.9149.565.1654.739.519.19%0.00000.0064.23

7Apr-0459.9185%51.04658.3546.244.8051.048.879.19%0.00000.0059.91

8May-0455.0385%46.88612.1042.424.4646.888.149.19%0.00000.0055.03

9Jun-0451.7485%44.08569.6839.934.1544.087.669.19%0.00000.0051.74

10Jul-0447.6185%40.57529.7536.713.8640.577.059.19%0.00000.0047.61

11Aug-0446.4985%39.61493.0536.013.6039.616.889.19%0.00000.0046.49

12Sep-0444.3785%37.80457.0434.473.3337.806.579.19%0.00000.0044.37

13Oct-0443.0485%36.67422.5733.593.0836.676.379.19%0.00000.0043.04

14Nov-0441.2785%35.17388.9832.332.8435.176.119.19%0.00000.0041.27

15Dec-0439.4885%33.63356.6531.032.6033.635.849.19%0.00000.0039.48

16Jan-0538.3785%32.69325.6230.322.3732.695.689.19%0.00000.0038.37

17Feb-0536.9885%31.51295.3029.352.1531.515.479.19%0.00000.0036.98

18Mar-0535.3785%30.13265.9528.191.9430.135.239.19%0.00000.0035.37

19Apr-0532.4285%27.62237.7525.881.7327.624.809.19%0.00000.0032.42

20May-0528.9985%24.70211.8723.151.5424.704.299.19%0.00000.0028.99

21Jun-0522.0685%18.80188.7117.421.3818.803.279.19%0.00000.0022.06

22Jul-0516.0085%13.63171.2912.381.2513.632.379.19%0.00000.0016.00

23Aug-0511.9585%10.18158.919.021.1610.181.779.19%0.00000.0011.95

24Sep-0511.9585%10.18149.899.091.0910.181.779.19%0.00000.0011.95

25Oct-0511.9580%9.56140.808.531.039.562.399.19%0.00000.0011.95

26Nov-0511.9580%9.56132.278.590.969.562.399.19%0.00000.0011.95

27Dec-0511.9280%9.54123.678.630.909.542.389.19%0.00000.0011.92

28Jan-0611.8580%9.48115.048.640.849.482.379.19%0.00000.0011.85

29Feb-0611.8580%9.48106.408.710.789.482.379.19%0.00000.0011.85

30Mar-0611.8580%9.4897.698.770.719.482.379.19%0.00000.0011.85

31Apr-0611.8580%9.4888.928.830.659.482.379.19%0.00000.0011.85

32May-0611.8580%9.4880.098.900.589.482.379.19%0.00000.0011.85

33Jun-0611.8580%9.4871.198.960.529.482.379.19%0.00000.0011.85

34Jul-0611.7980%9.4362.228.980.459.432.369.19%0.00000.0011.79

35Aug-0611.7680%9.4053.259.020.399.402.359.19%0.00000.0011.76

36Sep-0611.7380%9.3844.239.060.329.382.359.19%0.00000.0011.73

37Oct-0611.5480%9.2335.178.980.269.232.319.19%0.00000.0011.54

38Nov-0610.7280%8.5726.198.380.198.572.149.19%0.00000.0010.72

39Dec-069.0380%7.2317.817.100.137.231.819.19%0.00000.009.03

40Jan-077.1880%5.7510.715.670.085.751.449.19%0.00000.007.18

41Feb-074.6080%3.685.053.650.043.680.929.19%0.00000.004.60

42Mar-071.6780%1.341.401.330.011.340.339.19%0.00000.001.67

43Apr-070.8880%0.700.070.070.000.070.819.19%0.00000.000.88

44May-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

45Jun-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

46Jul-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

47Aug-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

48Sep-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

49Oct-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

50Nov-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

51Dec-070.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

52Jan-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

53Feb-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

54Mar-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

55Apr-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

56May-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

57Jun-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

58Jul-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

59Aug-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

60Sep-080.0080%0.000.00-0.000.000.000.009.19%0.00000.000.00

1,295.641,0941,000.0093.491,093.49202.150.001,296

0.0

Bal as on 31st March'04850.86715.17658.3556.19714.530Adv. Agst DChgs122

0

Amount in Margin A/c135.709.19%rec

Amount in Sec Drs A/c715.171% PF0

Total850.86

122

Sec III

Schedule I- Sec III

SEC III


Principal (Rs-Lakhs)600Calculation of Effective rate

Interest rate8.75%ReqEff

Est.Min Cash Flow85% for 1st 24 Months & 80% thereafter85%PV9901000

No.of Members656Cost9.19%9.75%

pmt($26.35)($26.62)

Term4545

Receivables - Amounts due(Rs in Lakhs)Min Prin


S.NoMonthsPool APool BAmt Due%AmountPrincipal OBInterestTotal SumDisc RateDFPVInterest

1Feb-0428.8118.0049.0185.00%41.66600.0037.284.3841.667.359.19%0.00000.0049.01

2Mar-0428.8118.0049.0185.00%41.66562.7237.564.1041.667.359.19%0.00000.0049.01

3Apr-0428.8118.0049.0185.00%41.66525.1637.833.8341.667.359.19%0.00000.0049.01

4May-0428.8118.0049.0185.00%41.66487.3338.113.5541.667.359.19%0.00000.0049.01

5Jun-0428.8117.7243.2685.00%36.77449.2333.503.2836.776.499.19%0.00000.0043.26

6Jul-0428.8117.7235.1185.00%29.84415.7326.813.0329.845.279.19%0.00000.0035.11

7Aug-0428.8117.5431.0785.00%26.41388.9223.572.8426.414.669.19%0.00000.0031.07

8Sep-0428.8117.2829.5685.00%25.13365.3522.462.6625.134.439.19%0.00000.0029.56

9Oct-0428.8117.1529.0985.00%24.73342.8822.232.5024.734.369.19%0.00000.0029.09

10Nov-0428.8117.1529.0985.00%24.73320.6622.392.3424.734.369.19%0.00000.0029.09

11Dec-0428.8116.8828.6185.00%24.32298.2722.142.1724.324.299.19%0.00000.0028.61

12Jan-0528.8116.7927.4985.00%23.37276.1321.352.0123.374.129.19%0.00000.0027.49

13Feb-0528.7116.7227.2385.00%23.15254.7721.291.8623.154.089.19%0.00000.0027.23

14Mar-0526.5116.6226.8685.00%22.83233.4821.131.7022.834.039.19%0.00000.0026.86

15Apr-0524.1116.2325.4385.00%21.62212.3620.071.5521.623.819.19%0.00000.0025.43

16May-0521.7914.9424.4085.00%20.74192.2919.341.4020.743.669.19%0.00000.0024.40

17Jun-0520.3014.5722.6185.00%19.22172.9517.961.2619.223.399.19%0.00000.0022.61

18Jul-0519.2714.5221.0285.00%17.87154.9916.741.1317.873.159.19%0.00000.0021.02

19Aug-0516.7714.2118.3685.00%15.61138.2614.601.0115.612.759.19%0.00000.0018.36

20Sep-0514.3014.0316.4085.00%13.94123.6613.040.9013.942.469.19%0.00000.0016.40

21Oct-0513.2312.8112.0985.00%10.28110.629.470.8110.281.819.19%0.00000.0012.09

22Nov-0513.019.167.7285.00%6.56101.155.820.746.561.169.19%0.00000.007.72

23Dec-0512.756.366.8685.00%5.8395.335.140.705.831.039.19%0.00000.006.86

24Jan-0612.695.606.6485.00%5.6490.194.990.665.641.009.19%0.00000.006.64

25Feb-0612.565.266.5280.00%5.2285.204.590.625.221.309.19%0.00000.006.52

26Mar-0612.525.216.5280.00%5.2280.614.630.595.221.309.19%0.00000.006.52

27Apr-0612.525.076.5280.00%5.2275.984.660.555.221.309.19%0.00000.006.52

28May-0612.445.026.5280.00%5.2271.324.700.525.221.309.19%0.00000.006.52

29Jun-0612.444.976.5280.00%5.2266.624.730.495.221.309.19%0.00000.006.52

30Jul-0612.394.936.5280.00%5.2261.894.760.455.221.309.19%0.00000.006.52

31Aug-0612.364.936.5280.00%5.2257.134.800.425.221.309.19%0.00000.006.52

32Sep-0612.364.896.5280.00%5.2252.334.830.385.221.309.19%0.00000.006.52

33Oct-0612.364.896.5280.00%5.2247.494.870.355.221.309.19%0.00000.006.52

34Nov-0612.364.896.5280.00%5.2242.624.910.315.221.309.19%0.00000.006.52

35Dec-0612.324.896.5280.00%5.2237.724.940.285.221.309.19%0.00000.006.52

36Jan-0712.214.896.5280.00%5.2232.784.980.245.221.309.19%0.00000.006.52

37Feb-0712.104.896.4680.00%5.1727.804.970.205.171.299.19%0.00000.006.46

38Mar-0712.034.896.2480.00%4.9922.844.830.174.991.259.19%0.00000.006.24

39Apr-0712.014.895.9180.00%4.7318.014.600.134.731.189.19%0.00000.005.91

40May-0711.864.805.6280.00%4.5013.414.400.104.501.129.19%0.00000.005.62

41Jun-0710.604.484.8480.00%3.879.023.810.073.870.979.19%0.00000.004.84

42Jul-0710.143.553.8880.00%3.105.213.070.043.100.789.19%0.00000.003.88

43Aug-079.711.872.0980.00%1.672.141.660.021.670.429.19%0.00000.002.09

44Sep-079.680.750.8680.00%0.690.490.680.000.690.179.19%0.00000.000.86

45Oct-079.570.500.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

46Nov-079.370.150.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

47Dec-079.370.090.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

48Jan-089.370.090.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

49Feb-089.260.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

50Mar-089.180.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

51Apr-088.270.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

52May-086.550.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

53Jun-085.030.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

54Jul-083.860.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

55Aug-081.760.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

56Sep-080.940.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

57Oct-080.540.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

58Nov-080.350.040.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

59Dec-080.170.000.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

60Jan-090.150.000.0080.00%0.000.000.000.000.000.009.19%0.00000.000.00

779.08657600.2056.31657122.570.00779

0.0

Bal as on 31st March'04681.06573.19525.3647.84573.190Adv. Agst DChgs122

0

Amount in Margin A/c107.879.19%rec

Amount in Sec Drs A/c573.191% PF0

Total681.06

122

GL Summary

Voucher Details For the Period From 01/04/2003 To 31/03/2004

GL : 4014 - SUNDRY DEBTORS - SECURITISED

LocationVoucherDateVoucherNumberBookCodeCostCentreNarrationDebitCredit

Opening Balance97,000,000.00

15/26/03529BP35901Fund Trans. to To HFDC Receivables Securitised a/c2,650,000.00

15/30/03383JV901REPAYMENT OF HDFC LTD SECURITISED DEBTORS567,000.00

15/30/03382JV901HDFC SECURITISED PAYMENT FOR APR033,191,000.00


16/24/03839BP35901Fund Trans. to To HFDC Receivables Securitised a/c550,000.00

16/25/03687JV901AMT TFRD TO HDFC SECURTISED ACCOUNT WRONG GL CODE2,550,000.00

16/25/03690JV901AMT REPAID FOR THE MONTH OF JUNE033,243,000.00


17/31/031105JV901HDFC SECURITISED FOR JULY03- PRINCIPAL3,269,000.00

18/25/031603BP35901Fund Trans. to To HFDC Receivables Securitised a/c655,000.00

18/31/031474JV901HDFC Securitised for Aug 03 - Principal3,298,000.00

19/29/03326BR7901AMT RECD THRO SECURITISATION ON 29.09.03100,000,000.00

110/31/032043JV901Principal for securitisation for the month of sep033,272,000.00

111/18/032051JV901BP742 & JV 1105 EXCESS PASSED1,800,000.00

111/18/032052JV901BP35/1603 & JV 1474 EXCESS PASSED SECURITISED REVERSED655,000.00

112/31/032658JV901OCT03 REPAYMENT MADE FOR SECURITISED A/C II5,909,000.00

112/31/032659JV901NOV 03 REPAYMENT MADE FOR SECURITISED A/C NO I3,315,000.00

12/23/043287JV901Repayment for oct 03- for securitised I3,310,000.00

12/27/043351JV901HDFC SECURTISED SEC1 DEC03 PAYMENT3,330,000.00

12/27/043352JV901HDFC SECURITISED SEC2 PYMT FOR NOV035,952,000.00

TOTAL46,311,000.00202,005,000.00

CLOSING BALANCE-155,694,000.00

Reco


Securitisation Details-Jan'04(Rs Lakhs)

Sec I-Mar'03Sec II-Sep'03Total

Secuiritised Amount970.001,000.001,970.00

Principal Amount paid as of Jan'04261.1559.09320.24

Balance in GL 4014708.85940.911,649.76

* Rs 33.10 lakhs paid in Nov'03 appears in GL 900033.10

rectified in Feb'04

Balance as per Ledger 40141,682.86

Balance in HDFC Securitisation A/c as of 31st March'04

In Principal DrsIn Margin DrsTo be trf from 6276

Sec I651.89139.27

Sec II715.17135.70

Sec III573.19107.87

Sec IV

Sec V

Total

Sec Entries


Securitisation Entries(Rs-Lakhs)

ParticularsSec ISec IISec IISec IVSec V

Bank A/cDr9701,000600

Adv. InterestDr223151101

To Debtors..(1,124)(1,094)(657)

To Profit on Realisation..(69)(57)(44)

(Derecognition of Principal Portfolio from books)

Securitised Debtors (Margin)Dr223201123

To Debtors..(223)(201)(123)

(Entry for Margin Debtors seperately identified)

Adv.InterestDr442819

To Adv.Interest (Margin)..(44)(28)(19)

(Entry for Adv.Interest on Margin Seperately Identified)

HDFC Trust Bank A/cDr17013292

To Bank A/c (MHRIL Bank A/c)..(170)(132)(92)

(Amounts paid into Trust Bank A/c of Portfolio Collections

done thru other A/c's)

Adv.against Sec. Members A/cDr13540

To Bank A/c (MHRIL Bank A/c)..(13)(54)0

(Amounts paid into Trust Bank A/c for deficit)

Adv.Interest (Margin A/cDr

To Interest Income..

(Interest Recognised on Margin Drs based on

Primary & Margin Ratio)

Books of Trusts

ParticularsSec ISec IISec IISec IVSec V

Trust Receivables A/cDr1,1241,094657

To HDFC A/c..(1,124)(1,094)(657)

(Entry for recording of Trust Receivables in our books)

Trust Bank A/cDr2901930

To Trust Receivables A/c..(290)(193)0

(Amounts Recd in Trust Bank A/c's)

Trust Bank A/cDr17013292

To MHRIL A/c..(170)(132)(92)

(Amounts Recd in Trust Bank A/c's, thru Other A/c's)

HDFC A/cDr47337983

To Bank..(473)(379)(83)

(Amounts Paid to HDFC on monthly payments)

Note on Treatment in Books

Treatment of Recognition of Interest

a.Interest should be calculated seperately for Securitised Drs and apportion to Principal & Secondary Debtors,

based on Principal & Secondary Interest Ratio.

b.The Margin Interest reduced by the amount recognised in the books.

Transfer of Receivables to Trust Books

a. The Transfer entry automatically made by transferring Debtors to a separate system (table)

b. Trust Bank A/c should not be shown in the books of MHRIL

Accounting for Money's paid for monthly deficit's

Amount Paid for deficit should be kept as Advances paid against Securitised members.

-Will get reduced on collection from those members.(Practically if money's are received in excess of the months collectibles,

the same should be adjusted against this A/c)

-End of the Financial Year amounts non-collectible from the member to be written off.

Sec

(Rs-Lakhs)

MonthPortfolio ValueSec Value

March'031,347970

Sep'031,2951,000

Dec'04779600

Feb'04(Proposed)769600

Mar'04(Proposed)519400

Total4,7093,570

MonthPrincipalInt.Total

March'031,0802671,347

Sep'031,1161791,295

Total2,1964462,642

Sec Summary


Details on Securitisation

Securitisations Details (Ref Notes to A/c's- III)(Rs)

Month & YrSec.ValuePortfolio ValueProfit Recog.

March'03-Sec I97,000,000134,983,9577,185,976

Sep'03-Sec II100,000,000129,564,0325,765,477

Feb'04-Sec III60,000,00077,905,3304,389,268

Mar'04-Sec IV60,000,00080,756,6654,959,967

Mar'04-Sec V40,000,00049,975,4072,729,490

Total357,000,000473,185,39125,030,177

03-04 Int Break up


Break up of Primary & Margin Portfolios

Year 2003-04

MonthTotalPortfolio IntMarginInt for the yearPortfolio IntMargin

March'03-Sec I27,167,02422,630,7664,536,25822,630,7664,536,258

Sep'03-Sec II17,972,72615,177,2692,795,45715,177,2692,795,457

Feb'04-Sec III11,912,22910,038,1371,874,09210,038,1371,874,092

Mar'04-Sec IV15,062,69112,619,8952,442,79712,619,8952,442,797

Mar'04-Sec V5,969,3815,055,714913,6675,055,714913,667

Total78,084,05265,521,78012,562,2710065,521,78012,562,271

Impact


Break up of Primary & Margin Portfolios

Total Portfolio(Rs-Lakhs)Primary Portfolio(Rs-Lakhs)Margin on Securitisation(Rs-Lakhs)Interest Break up

MonthPrincipalInt.TotalPrincipalInt.TotalPrincipalInt.TotalInt.PaidTotal InterestInt Recog

March'03-Sec I107,816,93327,167,024134,983,95789,814,02422,630,766112,444,79018,002,9094,536,25822,539,1676,737,09433,904,11827,167,024

Sep'03-Sec II111,591,30617,972,726129,564,03294,234,52315,177,269109,411,79217,356,7832,795,45720,152,24016,098,57334,071,29917,972,726

Feb'04-Sec III65,993,10111,912,22977,905,33055,610,73210,038,13765,648,86910,382,3691,874,09212,256,4615,766,15717,678,38611,912,229

Mar'04-Sec IV65,693,97415,062,69180,756,66555,040,03312,619,89567,659,92810,653,9402,442,79713,096,7375,113,17720,175,86815,062,691

Mar'04-Sec V44,006,0265,969,38149,975,40737,270,5105,055,71442,326,2246,735,516913,6677,649,1832,341,8088,311,1895,969,381

Total395,101,33978,084,052473,185,391331,969,82365,521,780397,491,60363,131,51712,562,27175,693,78836,056,809114,140,86078,084,052

Arriving at Profit/Loss on Securitisation(Rs Lakhs)

DetailsSec. ValueFundedProfit/(Loss)

March'03-Sec I89,814,02497,000,0007,185,976

Sep'03-Sec II94,234,523100,000,0005,765,477

Feb'04-Sec III55,610,73260,000,0004,389,268

Mar'04-Sec IV55,040,03360,000,0004,959,967

Mar'04-Sec V37,270,51040,000,0002,729,490

Total331,969,823357,000,00025,030,177

Total Portfolio(Rs-Lakhs)Primary Portfolio(Rs-Lakhs)Margin on Securitisation(Rs-Lakhs)

PrincipalInt.TotalPrincipalInt.TotalPrincipalInt.Total

March'03-Sec I1,078.17271.671,349.84898.14226.311,124.45180.0345.36225.39

Sep'03-Sec II1,115.91179.731,295.64942.35151.771,094.12173.5727.95201.52

Feb'04-Sec III659.93119.12779.05556.11100.38656.49103.8218.74122.56

Mar'04-Sec IV656.94150.63807.57550.40126.20676.60106.5424.43130.97

Mar'04-Sec V440.0659.69499.75372.7150.56423.2667.369.1476.49

3,951.01780.844,731.853,319.70655.223,974.92631.32125.62756.94

Arriving at Profit/Loss on Securitisation(Rs Lakhs)

DetailsSec. ValueFundedProfit/(Loss)

March'03-Sec I898.14970.0071.86

Sep'03-Sec II942.351,000.0057.65

Feb'04-Sec III556.11600.0043.89

Mar'04-Sec IV550.40600.0049.60

Mar'04-Sec V372.71400.0027.29

Total3,319.703,570.00250.30

Arriving at Profit/Loss

Securitisation I(Rs-Lakhs)

ParticularsSr.DebtSub DebtTotal

Principal Component9011791,080

Interest Component22344267

Total1,1242231,347

Amount Funded970

Profit/Loss on Securitisation69

Securitisation II

ParticularsSr.DebtSub DebtTotal

Principal Component9431731,116

Interest Component15128179

Total1,0942011,295

Amount Funded1,000

Profit/Loss on Securitisation57

Assumtion

15% Interest Component

Scheme of Entries (Final)


Securitisation of Receivables

Entries Based on Securitisation I for the year 2003-04

Journal Entries(Rs-Lakhs)

Securitised Drs A/cDr1,124

To Debtors..1,124

(Transfer of Principal Drs to Sec .Drs A/c)

Advance Interest A/cDr227

To Sec. Adv Interest A/c..227

(Transfer of Adv.Int A/c to Sec Adv Int A/c)

Sec.Adv Interest A/cDr227

To Securitised Drs A/c..227

(Trf.of Sec Int Advance A/c to Sec Drs A/c)

Bank A/cDr970

To Securised Drs A/c..970

(Receipt of Money on Sale of Drs)

Securitised Drs A/cDr73

To Profit on Securitisation..73

(Entry for profit on Securitisation)

Margin A/c's

Securitised Drs (Margin) A/cDr225

To Debtors A/c..225

(Trf.of Margin Drs to Se. Margin Drs A/c)

Advance Interest A/c

To Sec. Adv. Interest A/cDr45

(Trf of Adv. Interest A/c to Sec Adv. Interest A/c)..45

Collection

Sec.Drs Collectible A/cDr556

To HDFC A/c..473

To Sec Drs Margin A/c83

(Monthly Reinstatement of Drs for collection)

MHRIL

Securitised Drs Bank A/cDr450Sec Drs Bank A/c DrDrs A/c

To Sec Drs Collectible A/c..450To Drs A/cTo Collectible A/c

(Collection of Securitised Drs A/c)

HDFC A/cDr473

To Securitised Drs Bank A/c..473

To MHRIL Bank A/c

(Repayment of Reinstated Liability to HDFC)

Note:

1.The Trust Bank A/c & Debtors Securitised A/c and Sec Drs Collectible A/c are represented in MHRIL books.

2.Interest Recognition for only the Margin Drs should be recognised in the books of MHRIL.

3.The MHRIL Drs should include,

- Sec Drs. Collectible A/c

- Sec Drs (Margin) A/c

Books of MHRIL


Securitisation Entries in the Books of MHRIL

(Entries Mapped based on Securitisation I done in March'03 Rs 970 Lakhs)

Securitised Drs A/c(Rs Lakhs)Sec Drs (Margin) A/c(Rs Lakhs)

To Debtors1124By Bank970To Debtors A/c223By Sec Drs Collectible A/c83

(On Receipt of Money)

To Profi on sec69By Sec.Advance Interest223By Cl. Balance140

223223

11931193

Sec. Advance Interest A/c(Rs Lakhs)Sec. Advance Interest (Margin)A/c(Rs Lakhs)

To Securitised Drs A/c223By Advance Interest A/c223To Interest IncomeXXBy Sec. Advance Interest A/c44

(On Receipt of Money)(Int. Recog of Margin Drs)

223223044

Profit on Securitisation A/c(Rs Lakhs)Sec Drs Collectibles A/c(Rs Lakhs)

To Profi & Loss A/c69By Sec Drs69To HDFC-Reinstatement of Drs473By Debtors460

(Profit on Securitisation)To Sec.Drs (Margin) A/c83(Coll.thru MHRIL system trf)

By Cl.balance96

556556

Bank A/c(Rs Lakhs)HDFC Securitised Coll. Bank A/c(Rs Lakhs)

To Securitised Drs A/c970By HDFC Trust A/c183To Debtors A/c (In System)290By HDFC A/c473

(On Receipt of Money)(Amounts Coll.thru other bank A/cTo Bank A/c (Trf from other Coll A/c's)183

To Sec Drs Collectible A/c170Trf. To HDFC trust)(Funding of deficit in A/c)*473473

Debtors A/c (Maintained by MHRIL as R& P Agent)(Rs Lakhs)HDFC LTD A/c(Rs Lakhs)

To Sec Drs Collectible A/c460By Securitised Drs A/c1124To HDFC Trust Bank A/c473By Sec Drs Collectibles A/c473

(Amounts Collected thru PIF)By Sec Drs (Margin) A/c223

By HDFC Sec Coll Bank A/c290

By Other Bank A/c's170

* The Funding is because of Collection of Securitised Drs thru other Collection A/c's and deficit.

Check List

Check List

S.NoParticularsSec ISec IISec IIISec IVSec V

1Creat GL Codes seperately for Each Securitisation

2Back up for Entries made

Agreements

Interest Break up

Principal & Margin Portfolio Identification

Repayment Schedules

Opinion on Securitised Transactions

3Book Entries

_1387611294.xlsSheet1

Securitized Adv. Interest Margin UTI (II) A/c

Transaction DateVoucherAccountAccount DescriptionTransaction textDebitCredit% to Debtors

1/30/06COR_GEN_0000092832140Securitised Debtors UTI(II) A/CTransfer of Primary portfolio from Drs a/c to securitised drs156,581,350.000.0

1/30/06COR_GEN_0000092832010Sundry DebtorsTransfer of Primary portfolio from Drs a/c to securitised drs0.0156,581,350.00

1/30/06COR_GEN_0000092910420Advance InterestTransfer of Advance Int to sec Adv Int a/c18,492,752.000.011.81%

1/30/06COR_GEN_0000092913220Securitized Adv. Interest UTI (II) A/cTransfer of Advance Int to sec Adv Int a/c0.018,492,752.00

1/30/06COR_GEN_0000093013220Securitized Adv. Interest UTI (II) A/cTransfer of Sec Int Adv to Securitized debtors UTI (II)18,492,752.000.0

1/30/06COR_GEN_0000093032140Securitised Debtors UTI(II) A/CTransfer of Sec Int Adv to Securitized debtors UTI (II)0.018,492,752.00

1/30/06COR_GEN_0000093132140Securitised Debtors UTI(II) A/CProfit on securitisation accounted6,911,402.000.04.41%

1/30/06COR_GEN_0000093150510Profit on Securitisation A/CProfit on securitisation accounted0.06,911,402.00

1/30/06COR_GEN_0000093332150Securitised Debtors Margin UTI(II) A/CTransfer of margin debtors to Sec Margin drs31,185,163.000.019.92%

1/30/06COR_GEN_0000093332010Sundry DebtorsTransfer of margin debtors to Sec Margin drs0.031,185,163.00

1/30/06COR_GEN_0000093410420Advance InterestTransfer of advance Int on Marging drs to Sec Adv Int a/c3,683,066.000.02.35%

1/30/06COR_GEN_0000093413230Securitized Adv. Interest Margin UTI (II) A/cTransfer of advance Int on Marging drs to Sec Adv Int a/c0.03,683,066.00

TOTALBALANCE

10420Advance Interest22,175,818.000.0

13220Securitized Adv. Interest UTI (II) A/c0.00.0

13230Securitized Adv. Interest Margin UTI (II) A/c(3,683,066.00)(3,683,066.00)

32010Sundry Debtors(187,766,513.00)0.0

32140Securitised Debtors UTI(II) A/C145,000,000.000.0

32150Securitised Debtors Margin UTI(II) A/C31,185,163.007,456,063.00

50510Profit on Securitisation A/C(6,911,402.00)0.0

total sundry debtors187,766,513.0011.81

11.8122,175,818.0011.81

165,590,695.00

Sheet2

Tran No.DebtorsReveneuadv.intSec.debtorss.dbt marginbank1Bank2

11100010000-1000

21100087502250

1000-1000-250

Sheet3

Documents

Sap Fico-Debt Securitization