Exhibit 13: Forex derivative transactions: Automobile & Motor Vehicles
10.00 8.00 6.00 4.00 2.00 0.00
Exhibit 14: Forex derivative transactions: Software- IT & ITes
100.00 75.00 50.00 25.00
Automobile & Motor Vehicles
2006 2007 2008 2009 2010 2011 2012 Total forex earnings / Total income(%) FCCB / Total Borrowing
0.00
Exhibit 15: Forex derivative transactions: Steel, metals & construction
50.00 40.00 30.00 20.00 10.00 0.00
Exhibit 16: Forex derivative transactions: Pharmaceutical Industry
Raw material imports / Raw material purchases(%)
Software-IT & ITes
2006 2007 2008 2009 2010 2011 2012
Total forex earnings / Total income(%) Total forex earnings / Total income(%) FCCB / Total Borrowing
Steel, Metals & Construction
2006 2007 2008 2009 2010 2011 2012
Total forex earnings / Total income(%) FCCB / Total Borrowing
0.60 0.50 0.40 0.30 0.20 0.10 0.00
0.30
0.20
0.10
0.00
0.40 0.30 0.20 0.10 0.00
Raw material imports / Raw material purchases(%)
9.0 REFERENCES
! A Siva Kumar & R Sarkar; 2007;“ Corporate Hedging for Foreign Exchange Risk in India”; ' http:// veetrag. net / veetFiles / VeetragK _ IT _ Industry _ In _ India. pdf ', accessed as on 12th November 2012
! Business Standard; http:// www. businessstandard. com / india / news / imf-cuts-2012-gdpgrowth-forecast-to-49 / 489121; accessed on 7th December 2012
! Capital Markets; December 2012;“ India Economic Review”;“ http:// capitalmarket. com / ier”; accessed as on 12th December 2012
! Clare, Andrew.; September 2010;“ Hedging corporate bonds with Stock Index Futures”;“ Journal of Fixed Income”; Vol. 10 Issue 2; pp. 25-34
! Company related data has been sourced from their respective websites, CMIE Prowess, Bloomberg, and websites of NSE & BSE.
! D. Sarker, A. Ghosh; September 2007;“ A Study of Market Efficiency and Volatility in the Indian Stock Market, Foreign exchange Market and Bullion Market”; Finance India; ' Business Source Complete, Ipswich, MA, Serial Number: 21( 3): 987-1002
! Dr. Jagdish Bhagwati & Dr. Subir Gokarn( former Deputy Governor, RBI); November 2012;“ Developments in the World Trading System: India ' s Options”; 7th Commencement Day Annual Lecture- Exim Bank
! R. Birch.; July 2010;“ Corporate ' s Losing Wager Made Worse By lack of Effective Hedging Strategies”; Credit Union Journal; ' Business Source Complete, Ipswich, MA, Serial Number: 14( 29): 22
! Reserve Bank of India:“ http:// rbi. orgin / scripts / BS _ ViewBulleinin. aspx? Id = 13830” and“ http:// rbi. org. in / scripts / BS _ SpeechesView. aspx? Id = 759”; accessed on 25th December 2012.
30.00 25.00 20.00 15.00 10.00 5.00 0.00
Drug Formulation
2006 2007 2008 2009 2010 2011 2012
Total forex earnings / Total income(%) Raw material imports / Raw material purchases(%) FCCB / Total Borrowing
0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00
32