HDB » Topics » HBL Global Private Ltd (HBL)

This excerpt taken from the HDB 20-F filed Sep 30, 2009.

HBL Global Private Ltd. (“HBL”)

HBL Global is a subsidiary of ADFC and provides us with direct sales support for certain of our products. HBL Global was paid a net fee of Rs. 2,395.5 million for the year ended March 31, 2009. As of March 31, 2009 we had provided a security deposit of Rs. 185.0 million for the services provided by HBL Global. An amount of Rs. 84.0 million was payable to HBL Global as of March 31, 2009. We also hold a deposit of Rs. 20.0 million in respect of properties leased to HBL. We do not presently have any direct investment in HBL Global.

This excerpt taken from the HDB 20-F filed Sep 29, 2008.

HBL Global Private Ltd (“HBL”)

HBL Global is a subsidiary of ADFC and provides us with direct sales support for certain of our products. HBL Global was paid a net fee of Rs. 1932.4 million for the year ended March 31, 2008. As of March 31, 2008 we had provided a security deposit of Rs. 90.0 million for the services provided by HBL Global. An amount of Rs. 21.8 million was payable to HBL Global, including a deposit of Rs. 2 million to secure properties leased as of that date. We do not presently have any direct investment in HBL Global.

This excerpt taken from the HDB 20-F filed Jul 10, 2007.

HBL Global Private Ltd (“HBL”)

HBL is a subsidiary of ADFC and provides us with direct sales support for certain of our products. HBL was paid a net fee of Rs.1,343.7 million for fiscal 2007. As of March 31, 2007, we had provided a security deposit of Rs.90.0 million for the services provided by HBL. As of March 31, 2007, an amount of Rs.10.5 million was outstanding as a temporary advance paid in respect of services to be provided by HBL. We have received a deposit of Rs.2.0 million from HBL to secure leased properties. We do not presently have any direct investment in HBL.

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