MIRA
INFORM REPORT
|
Report Date : |
25.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
TATA SONS LIMITED |
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Registered Office : |
Bombay House (Basement), No. 24, East Entrance,
Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai – 400 001,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
08.11.1917 |
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Com. Reg. No.: |
11-478 |
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CIN No.: [Company
Identification No.] |
U99999MH1917PLC000478 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT07803F |
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Legal Form : |
A closely held public limited liability company. |
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Line of Business : |
Subject is engaged in Investment, Finance, Computer Consultancy,
New Projects, Project Consultancy, Market Research and Surveys. It also
undertakes Property Development. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
Maximum Credit Limit : |
USD
375000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company of Tata Group,
Country’s premier Industrial House. Subject is doing exceedingly well. Its trade relations are fair.
Payments are always correct and as per commitments. Subject can be considered
good for business dealings at usual trade terms and conditions. Subject’s
credit worthiness is very high. |
LOCATIONS
|
Registered Office : |
Bombay House (Basement), No. 24, East Entrance,
Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai – 400 001,
Maharashtra, India |
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Tel. No.: |
91-22-22049131 / 22821266 / 56658282 |
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Fax No.: |
91-22-22048187 / 56558080 |
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E-Mail : |
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Website : |
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Corporate
Office : |
Air India Building, 11th Floor, Nariman Point, Mumbai
– 400 021, Maharashtra |
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Tel.
No.: |
91-22-22022427 |
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Fax
No.: |
91-22-22040711 |
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E-Mail
: |
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Website : |
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Offshore Development Centres : |
New Delhi, Gurgaon, Noida and Gulab Bhawan Mumbai Seepz, Malad and Air India Building (i3 Micro Technology) Chennai Ambattur, Shollinganallur, Qwest Center and GEDC Kolkata, Pune, Bangalore, Secunderabad / Hyderabad and Lucknow |
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Branches
: |
Located at :
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Overseas
offices : |
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Marketing Office : |
Located at : USA, Canada, UK, Europe, Japan, West Asia, South East Asia,
South Africa, Malaysia, Singapore and Hong Kong |
DIRECTORS
|
Name : |
Mr. Ratan Naval Tata |
|
Designation : |
Chairman
|
|
Address : |
Flat
12, Bakhtvar, Opposite Colaba Post Office, Mumbai – 400005, Maharashtra,
India |
|
Date of Birth/Age : |
28.12.1937 |
|
Date of Appointment : |
21.08.1974 |
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|
Name : |
Mr. Noshir Adi Soonawala |
|
Designation : |
Director |
|
Address : |
Hampton
Court, Wodehouse Road, Colaba, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1935 |
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Date of Appointment : |
01.02.1989 |
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|
Name : |
Mr. Pallon Shapoorji Mistry |
|
Designation : |
Director
|
|
Address : |
Sterling
Bay, 103 Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1929 |
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Date of Appointment : |
29.07.2004 |
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Date of Ceasing : |
31.12.2004 |
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|
Name : |
Mr.
Farrokh Kaishushru Kavarana |
|
Designation : |
Director
|
|
Address : |
CCI
Chambers, 5th Floor Dineshw Vachha Road, Mumbai – 400020,
Maharashtra, India |
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Date of Birth/Age : |
17.03.1944 |
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Date of Appointment : |
01.02.1989 |
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|
Name : |
Ms.
Syamal Gupta |
|
Designation : |
Director
|
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Address : |
19,
Commonwealth, Madame Cama Road, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1934 |
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Date of Appointment : |
12.05.1995 |
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Name
: |
Mr.
Jiji Jamshed Irani |
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Designation
: |
Director
|
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Address
: |
Flat
222, A Wing NCPA Apartments, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Date
of Birth/Age : |
26.06.1936 |
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Date
of Appointment : |
10.06.1997 |
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|
Name
: |
Mr.
Ramabadran Gopalkrishnan |
|
Designation
: |
Director
|
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Address
: |
101
Baug – E, Abbas, Capt Prakash Pethe Marg, G 21/A, Cuffe Parade, Mumbai –
400005, Maharashtra, India |
|
Date
of Birth/Age : |
24.12.1945 |
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Date
of Appointment : |
24.11.1998 |
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Name
: |
Mr.
Ishaat Hussain |
|
Designation
: |
Director
|
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Address
: |
Flat
222, 22nd, Floor, B Wing, NCPA Residential Complex, Sirdorkar A B
Tata Road, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date
of Birth/Age : |
02.09.1947 |
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Date
of Appointment : |
01.07.1999 |
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Name
: |
Mr.
Rayorath K Krishnakumar |
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Designation
: |
Director
|
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Address
: |
Flat
213, B Wing, NCPA Apartments, Nariman Point, Mumbai 400021, Maharashtra,
India |
|
Date
of Birth/Age : |
24.12.1945 |
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Date
of Appointment : |
22.01.2002 |
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|
Name
: |
Mr.
Arunkumar Ramanlal Gandhi |
|
Designation
: |
Whole
time Director |
|
Address
: |
10
Sudama, 214 Walkeshwar Road, Mumbai – 400008, Maharashtra, India |
|
Date
of Birth/Age : |
15.03.1943 |
|
Date
of Appointment : |
18.08.2003 |
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Name
: |
Mr.
Alan Richard Rosling |
|
Designation
: |
Whole
time Director |
|
Address
: |
9 Hill
Park, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date
of Birth/Age : |
16.08.1962 |
|
Date
of Appointment : |
15.01.2004 |
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|
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Name
: |
Mr.
Cyrus Pallonji Mistry |
|
Designation
: |
Additional
Director |
|
Address
: |
Sterling
bay, 103, Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
|
Date
of Birth/Age : |
04.07.1968 |
|
Date
of Appointment : |
10.08.2006 |
|
Other
Directorship : |
Shapoorji
Pallonji And Company Limited U45200MH1943PTC003812 Managing
director United
Motors India Limited Director
U28100MH1920PLC000807 Shapoorji
Pallonji Finance Limited Director
L65920MH1994PLC077480 Shapporji
Pallonji Power Company Limited Director
U31100MH1995PLC084278 Shapporji
Pallonhi And Company Rajkot Private Limited Director
U99999MH1977PTC019618 Cyrus
Investments Limited Director
U65920MH1923PLC001053 Sterling
Investment Corporation Private Limited Director
U70100MH1943PTC003997 Pallonji
Shapporji And Company Private Limited Director
U45200MH1951PTC008529 The
Tata Power Company Limited Director
L28920MH1919PLC000567 Shapoorji
Pallonji Infrastructure Capital Company Limited Director
U65990MH1997PTC108596 Samalpatti
Power Company Private Limited Director
U40109TN1995PTC033944 Buildbazaar
Technologies India Private Limited director U72200MH1999PTC122642 Afcons
Infrastructure Limited Director
U45200MH1976PLC019335 Forbes
Gokak Limited Director
L17110MH1919PLC000628 Forvol
International Services Limited Director
U55100MH1977PLC019660 |
KEY EXECUTIVES
|
Name
: |
Mr.
Farokh Nariman Subedar |
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Designation
: |
Company
Secretary |
|
Address
: |
Wadia
Building, Ground Floor, Babulnath Road, Mumbai – 400007, Maharashtra, India |
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Date
of Birth/Age : |
24.09.1955 |
|
Date
of Appointment : |
01.01.1996 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Equity Shares |
No. of Preference Shares |
|
M K
Tata Trust |
2421 |
-- |
|
Pallon
Shapoor Mistry |
108 |
-- |
|
Sterling
investment Corporation Limited |
40319 |
-- |
|
Cyrus
Investments Limited |
33925 |
-- |
|
Ratan
Naval Tata |
3368 |
40000 |
|
HH Mah
Virendrasingh N Chauhan of Chhota Udepur |
1 |
-- |
|
Tata
Investment Corporation Limited |
326 |
100000 |
|
Simone
Naval Tata |
2011 |
-- |
|
Jimmy
Naval Tata |
3262 |
-- |
|
Noel
Naval Tata |
2055 |
-- |
|
The
Trustees Sir Dorab Tata Trust |
113067 |
-- |
|
The
Trustees Sir Ratan Tata Trust |
95211 |
-- |
|
The
Trustees Sarvahanik Seva Trust |
396 |
-- |
|
The
Trustees R D Tata Trust |
8838 |
-- |
|
The
Trustees Tata Education Trust |
15075 |
-- |
|
The
Trustees Tata Social Welfare Trust |
15075 |
-- |
|
The
Trustees JRD Tata Trust |
16200 |
-- |
|
Tata
Minocher Piloo |
487 |
-- |
|
Choksey
Farhad Vera |
157 |
-- |
|
Tata
Minocher Jimmy |
157 |
-- |
|
Tata
Motors Limited |
12375 |
100000 |
|
Trent
Limited |
-- |
63000 |
|
Tata
Power Company Limited |
5673 |
-- |
|
Tata
Tea Limited |
1755 |
31000 |
|
Indian
Hotels Company Limited |
4500 |
29800 |
|
Tata
Industries Limited |
2295 |
-- |
|
Tata
Chemicals Limited |
10237 |
227200 |
|
Kalimati
Investment Company Limited |
12375 |
-- |
|
Chemical
Terminal Trombay Limited |
-- |
30000 |
|
Soonawala
Adi Noshir |
-- |
20000 |
|
Aftaab
Investment Company Limited |
1000 |
-- |
|
Gopalkrishnan
Ramabadran |
-- |
5000 |
|
Ishaat
Hussain |
-- |
5000 |
|
Rayorath
Krishna Kumar |
-- |
5000 |
|
Simone
Naval Tata |
-- |
5000 |
|
Tata
International Limited |
1477 |
-- |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Investment, Finance, Computer Consultancy,
New Projects, Project Consultancy, Market Research and Surveys. It also
undertakes Property Development. |
GENERAL
INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
11,000 |
|
|
|
|
Bankers : |
v
Standard Chartered Grindlays Bank Limited v
Citibank N.A. v
The National Bank of Bahrain v
ABN Amro, U.S.A. v
Credit Suisse, Switzerland v
Bank Tejarat, Iran v
Nepal Arab Bank Limited, Nepal v
ABN Amro, Malaysia v
UNI Bank, Denmark v
CIBC Bank, Canada v
DBS, Singapore v
Standard
Chartered Bank, 23-25, Mahatma Gandhi Road,
Mumbai - 400001 v
The
Hongkong And Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road,
Mumbai – 400001 |
|
|
|
|
Banking Relations : |
Satisfactory
|
|
|
|
|
Auditors : |
A. F. Ferguson & Company Chartered Accountants Maker
Towers “E”, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
|
Other Offices : |
Located at : Bangalore, Chennai, Hyderabad, Jamshedpur, Kolkata, Pune, New
Delhi, Vadodara Middle East : Dubai, UAE, Muscat, Oman |
|
Tel. No.: |
91-22-22186412 |
|
Fax No.: |
91-22-160704 |
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E-Mail : |
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|
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Associates: |
v
The Tata Engineering & Locomotive Company Limited v
Tata Infomedia Limited v
Tata Investment Corporation Limited v
The Tata Iron & Steel Company Limited v
Tata Power Company Limited v
Trent Limited v
Tata AIG Risk Management Services Limited v
Tata TD Waterhouse Asset Management Private Limited v
Tata Trustee Company Limited v
Tata Industries Limited v
Associated Building Company Limited v
Tata International Limited v
Niskalp Investment & Trading Company Limited v
Videsh Sanchar Nigam Limited v
Voltas Limited v
Technopolis Knowledge Park Limited v
Rentbazaar (India) Limited v
Tata Consultancy Services, Belgium SA v
Tata Consultancy Services, Deutschland GmbH v
Tata Consultancy Services, Netherlands BV v
Tata Consultancy Services, Sverige AB v
Tata Consultancy Services. France SA v
Titan Marketing International Limited v
Titan International Investments v
TKM Overseas Transport Limited v
TKM Overseas Transport Inc v
TKM Overseas Transport (Europe) GmbH v
TKM Logistic Pte Limited v
Tata Consulting Engineers International AG v
Tata Precision Industries (Pte) Limited v
Airline Financial Support Services Limited v
Aviation Software Development Consultancy India Limited v
Conscripti (Pty) Limited v
Engineering Analysis Centre of Excellence Private Limited v
Intelenet Global Services Private Limited |
|
|
|
|
Subsidiaries : |
v
Ewart Investments Limited v
Tata Infotech Limited v
Orchid Print India Limited v
Primal Investment & Finance Limited v
Tata AIG General Insurance Company Limited v
Tata AIG Life Insurance Company Limited v
TCE Consulting Engineers Limited v
TCS Ibero America, SA v
Tata Housing Development Company Limited v
Concept Marketing & Advertising Limited v
Tata International AG, Zug. v
Tata AG, Zug. v
Tata Limited, London v
Pamatone Finvest Limited v
CMC Limited |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
600000 |
Equity
Shares |
Rs. 1000/- each |
Rs. 600.000 Millions |
|
12750000 |
Preference
Shares |
Rs. 1000/- each |
Rs. 12750.000 Millions |
|
150000 |
Cumulative Redeemable Preference Shares |
Rs. 1000/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 13500.000
Millions |
As
on 07.08.2006
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
404,146 |
Equity
Shares |
Rs. 1000/- each |
Rs. 404.146 Millions |
|
500,000 |
Preference
Shares |
Rs. 1000/- each |
Rs. 500.000 Millions |
|
|
Total |
|
Rs. 904.146
Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1065.100 |
1065.100 |
565.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
92368.500 |
79286.000 |
49815.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
93433.600 |
80351.100 |
50380.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8755.000 |
8585.000 |
15757.700 |
|
|
2] Unsecured Loans |
14436.700 |
12819.800 |
20801.700 |
|
|
TOTAL BORROWING |
23191.700 |
21404.800 |
36559.400 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
116625.300 |
101755.900 |
86939.500 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
342.600 |
363.400 |
5470.400 |
|
|
Capital work-in-progress |
0.200 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
118408.700 |
102001.600 |
70202.800 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
3159.700 |
|
|
Sundry Debtors |
1646.700
|
1127.200 |
10463.500 |
|
|
Cash & Bank Balances |
24.900
|
23.500 |
1098.800 |
|
|
Other Current Assets |
1285.100
|
686.600 |
0.000 |
|
|
Loans & Advances |
7152.600
|
7894.300 |
18445.400 |
|
Total Current Assets |
10109.300
|
9731.600 |
33167.400 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
3282.700
|
1694.800 |
7117.800 |
|
|
Provisions |
8952.800
|
8645.900 |
14783.300 |
|
Total Current Liabilities |
12235.500
|
10340.700 |
21901.100 |
|
|
Net Current Assets |
[2126.200]
|
[609.100] |
11266.300 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
116625.300 |
101755.900 |
86939.500 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
18675.700 |
6857.300 |
65307.500 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
16536.400 |
4253.500 |
13734.600 |
|
Provision
for Taxation |
413.300 |
2017.000 |
815.000 |
|
Profit/(Loss)
After Tax |
16123.100 |
2236.500 |
12919.600 |
|
|
|
|
|
|
Total
Expenditure |
2139.300 |
2603.800 |
51572.900 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
86.33
|
32.61 |
19.78 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
88.55
|
62.03 |
21.03 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
158.21
|
42.13 |
35.55 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.05 |
0.27 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
0.38
|
0.40 |
1.16 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
0.83
|
0.94 |
1.51 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
A successor to the first trading company founded by Jamshedji
Tata, Tata Sons Limited promoted and managed all key Tata Group Companies until
1970.
The company was established in 1968 and is the largest operating
division of Tata Sons Limited. It
provides a wide range of services in the areas of information technology and
management consultancy.
Tata Sons Limited has also promoted and established subsidiary
companies abroad such as Tata Limited, London and Tata International AG, Zug.
Tata Sons Limited is the proprietor of the TATA marks, which are
registered as trademarks in various classes for a variety of goods. These marks are licensed to operational Tata
Companies for use in relation to their products and/or services. Under the Tata
Brand Equity and Business Promotion Scheme, Tata Sons Limited centrally
promotes and protects a unified TATA mark, both in domestic and international
market.
The company’s Board is made up of the chairmen or CEOs of major
operating Tata Group companies, and the elected chairman of the Board of
company is recognised as the Group Chairman
The company’s fixed assets of important value include Freehold
& Leasehold Land, Freehold & Leasehold Buildings, Plant &
Machinery, Motor Vehicles, Furniture & Fittings and Office Equipments.
corporate profile
The company is at the vanguard of the effort that has made the Indian
software industry a globally recognised entity. Its’ transitional character and
reach, they expertise and acumen had made better than ever before, and capable
of thinking and delivering more than the obvious.
Subject is the world leading information technology consulting,
services and business process outsourcing organisation that envisioned and
pioneered the adoption of the flexible global business practices that today
enable companies to operate more efficiently and produce more value.
They achieved this by creating and perfecting the global
deployment and delivery of high quality, high value services and products in IT
consulting and business process outsourcing that have helped reshape business
and deliver competitive advantage.
More than 75% of customers reward reliability, passion,
creativity, and unique ability to handle the broadest range of their IT needs
by continually extending and deepening their partnerships with us. With over
28,000 of the world's best trained IT consultants located in 32 countries, they
are uniquely positioned to deliver flexible world class services seamlessly to
any location.
TCS is a division of Tata Sons, the holding company of the $13
billion Tata group, India's best known and respected business conglomerate,
which is also a leader and pioneer in a variety of industry segments and
corporate social responsibility.
Varied offerings
The company’s services offerings are varied, and straddle many
different industries, such as finance and banking, insurance, telecommunications,
transportation, retail, manufacturing, pharmaceuticals and utilities. There
clients include small, medium and large companies, and their consulting
engagements vary from a few person-months to hundreds of person-years in
effort.
There work had spanned a range of activities, from strategy
consulting and system integration services to offshore development centres for
some of the most sophisticated software development in the world. Consider
these facts about :-
·
Projects for over 1000 clients in more than 55 countries. Their
clients get measurable business results, which is why many Fortune 500
companies prefer us.
·
More than 100,000 person years of experience in diverse business domains and technology areas.
·
Knowledge accumulation through collaborative research with industry and
academia, and partnerships with global technology leaders.
·
Over 28,000 consultants, a range of world-class products, proven
offshore development capabilities, and multiple SEI CMM Level 5 centres.
·
Total revenues
of Rs. 50120 millions ($ 1.04 billion) in the year ended March 31, 2003.
·
TCS believes that IT is a key factor for social change and is
committed to several community
development ventures.
They had engineered some of the world's most complex applications
and next-generation IT infrastructure. They do this by combining knowledge of
business domains with their expertise across various technologies. Their unique 'web of
participation' structure enables to maximise the benefits of
their depth, diversity and delivery capability to offer the most innovative
solutions in every business and technology domain.
The house of company was founded by Sir Jamsetji Tata in the
latter part of the 19th century. It started with textiles and went on to steel,
electric power, automobiles, chemicals and more. The group later diversified
further, and it now has interests in financial services, hotels,
telecommunications and information technology. The Tata Group comprises over 80
companies and is trusted by over 2 million shareholders. Its business
operations are a byword for ethical and socially responsible corporate
governance.
joint
ventures
Aviation Software
Development Consultancy India Limited
Chennai is engaged in development and maintenance of software for
the aviation industry and operates from a 10,000-sq-ft development centre in
Chennai. The company renders IT services and solutions to several airlines and
aviation-related companies, both on-site and off-site, it's main client being
Singapore Airlines. The company was originally a joint venture between TCS and
Singapore Airlines but TCS acquired Singapore Airlines' residual 51 per cent
stake in the company in March 2004.)
Airline
Financial Support Services (India) Private Limited
Mumbai (SEEPZ). AFSL
renders revenue accounting services to various European airlines. It has
diversified its services into Qualiflyer support services, distribution support
services, navigation support, etc. The company acquired Swissair's stake in
this former joint venture in May 2003)
Intelenet
Global Services Limited
With Housing Development Finance Corporation (HDFC) to provide
IT-enabled services to global clientele.
eAsiaFinance, Singapore, an Internet banking
solutions company with Ankar Capital, New York, Sakndinaviska Enskilda Banken
(SEB), Sweden, and Compass Venture Capital (the venture capital arm of McKinsey
& Co). eAsiaFinance will be based in Singapore and will offer a
comprehensive range of wealth management products and services to leading banks
and financial institutions in 13 Asian countries.
InnovaTV, San Diego, California
Formed between TCS America and the head of the multimedia
department, University of California, San Diego. InnovaTV, a subsidiary of the
company, undertakes research and development in streaming video.
CMC Limited
Subject is a 51 per cent stakeholder in CMC, one of India's
leading computer networking, facilities management, and maintenance companies.
The company had management control of the company.
The successor to the first trading company founded by Jamsetji
Tata, Tata Sons Limitedpromoted and managed all key Tata Group companies until
1970.
Adhering to the trusteeship concept of management, about 66 per cent of the
company’s capital is held by philanthropic trusts endowed by Jamsetji’s sons,
Sir Dorab Tata and Sir Ratan Tata, and other charitable trusts. These trusts
have sponsored and promoted a number of public institutions in the fields of
science, technology, medicine, social service, rural welfare and the performing
arts.
Subject is the principal investment holding company of the Tata Group and has
the following operating divisions:
·
Tata Consultancy Services
·
Tata Economic Consultancy Services
·
Tata Financial Services
·
Tata Quality Management Services
Some of the academic institutions
closely involved in training programs at various levels include :
v
USA
University of Florida
University of Wisconsin
Arizona State University
Syracuse University
University of Maryland
v
canada
University of Waterloo
v
india
The Indian Institutes of Technology – Chennai, Mumbai and
Kharagpur
The Indian Institute of Science, Bangalore
Software development is an engineering process. The
Sholinganallur, Qwest, Ambattur, GEDC & HP centers at Chennai, the Seepz
Center at Mumbai, the Noida and Gurgaon II centers at Delhi and the Kolkata,
Bangalore, Hyderabad, Lucknow and Ahmedabad centers have been assessed at Level
5 of the SEI CMM scale. More than 8000 consultants work at this level, the
largest number in any organisation in the world.
Nearly 35 lead auditors qualified to lead ISO 9001 certification
audits and over 170 internal auditors (the largest pool of auditors among
software companies in this part of the world) ensure that the quality
management system is implemented in each one of projects. Over 675 consultants qualified as Certified
Quality Analysts at the division, the largest number in a single company in the
world.
v
Areas of Research Engineering
Process
Modelling and Simulation
Minerals and Material Processing
Rural Technology
v
System Engineering
Formal Methods
Systems Engineering and Cybernetics
v
Tools and Technologies
Artificial Intelligence
Language Processing
The TRDDC software tools foundry is now one of the most advanced
in the world, capable of generating tools within weeks and reaches out to the
global software market with its industry-specific software products and
applications.
TRDDC's inter-disciplinary team of consultants is supported by
reputed scientists from academic institutions and research laboratories all
over the world.
|
Indian Institute of Technology
(IIT) at Mumbai, Chennai and
Kharagpur |
Research on VLSI Design, Intelligent Internet |
|
Indian Institute of Science
(IISc), Bangalore, University of California, San Diego |
Multimedia Technologies |
|
University of Humberside, UK |
Systems Engineering and Cybernetics |
|
University of Wisconsin,
Milwaukee |
Component Based Technologies |
|
University of California,
Riverside |
Internet Technologies |
|
University of Waterloo, Canada |
Data Communications and Networking |
BUSINESS
Tata Consultancy Services, a Division of Tata Sons Limited has
emerged as a largest exporter of computer software in the country. Besides Tata
Consultancy Services, the company also has one more Division viz., Tata
Consulting Engineers.
The company has a global network of 54 offices all over the world.
software
products
v
QUARTZ – Software for the European Banks
v
E.X. (NGN) – The friendliest business accounting package on
Windows 95 / NT
v
RTWO – A proactive intelligent information software
v
Y2 – Apparel industry software
v
ISBS – Integrated Standard Banking System
v
IBS – Integrated Broking System
v
FIDAC – Fixed Deposit Accounting System
v
PCMS – Patient Care Management System
v
SUCCESS PLANNED ! – A Project management tool
The company is a distributor of
the following software products :
Oracle, Avalon, Unigraphics II, GDS, Lotus Notes, PC Docs, Ansys
C-Mold, Coryphaeus and entire range of products form Sunsoft on Intel
software
projects and services
Computer
Consultancy
Information Systems and Technology planning, Greenfield &
customised application software, System software, Software Re-engineering,
System Migration, System Integration, Distributed Data Processing, Database
Designing, Data Communication & Networking, Telecommunication, Office
Automation, CAD/CAM/CAE, Web Server Applications
Management
Consultancy
Corporate Strategy, Planning, Organisation Structures, Business
Process Re-engineering, Human Resource Management, Facilities Management,
Operation Management and Manufacturing System.
The company has obtained a re-affirmation of the credit-rating
from The Credit Rating Information Services of India Limited (CRISIL) as under
:-
v
Acceptance of Fixed Deposits : “FAAA” (pronounced “F triple A”)
v
Issue of Deventured : “AAA” (pronounced “Triple A”)
It may be noted that the above ratings are highest in their
respective categories.
Subject offers a dynamic blend of strategy consulting and system
integration services to help organisations, architect and build their business
in the economy.
Profile
This premier promoter company of the Tatas was established as a trading
enterprise by Group founder Jamsetji Tata in 1868. It is the promoter of all
key companies of the Tata Group and holds the bulk of shareholding in these
companies. The chairman of Tata Sons has traditionally been the chairman of the
Tata Group.
Tata Sons is the owner
of the Tata name and the Tata trademark, which are registered in India and
several other countries. These are used by various Tata companies in relation
to their products and services. The terms of use of the Group mark and logo by
Tata companies are governed by the Brand Equity and Business Promotion
Agreement, which is signed by Tata Sons and individual Group companies.
About 66 per cent of
the equity capital of Tata Sons is held by philanthropic trusts endowed by
members of the Tata family. The biggest two of these trusts are the Sir Dorabji
Tata Trust and the
Sir Ratan Tata Trust, which were created by the families of the sons of
Jamsetji Tata.
The subsidiaries and divisions of
Tata Sons are:
TCE Consulting
Engineers: Offers multi-disciplinary solutions for
projects in the fields of water supply and wastewater, industry, power and
chemicals.
THDC: Services
include identification of land, project conceptualisation, designing,
construction, marketing and management of residential and commercial complexes.
Tata Quality
Management Services: Helps Tata companies achieve their high levels
of excellence through the Tata Business Excellence Model.
Tata Financial
Services: In-house
financial consultancy which carries out long- and short-term financial planning
for Tata companies.
Tata Economic
Consultancy Services: Specialises
in investment banking and strategy consulting services.
Tata Petrodyne: Engaged in the exploration and production of
crude oil and natural gas.
SerWizSol: Providies voice- and data-based BPO services.
Tata Business Leadership Awards (TBLA) 2007 preliminary rounds
held
January
9, 2007
The Tata Business Leadership
Awards, one of the most eagerly anticipated competitions in the Indian business
school arena, culminated its preliminary rounds across the country yesterday.
The campus final round of this national competition took place across the top
seven business schools of the country – IIM Ahmedabad, IIM Bangalore, IIM
Calcutta, IIM Lucknow, XLRI Jamshedpur, FMS Delhi and SPJAIN Mumbai –
simultaneously yesterday.
Like every year, this year too
over 300 teams comprising over 1200 students had registered from these seven
campuses. The campus finals yesterday saw over 70 teams (shortlisted from over
300 registrations) across 7 campuses battle it out for the 7 top slots.
The theme for this
year's TBLA is "Identifying new business opportunities for the Tata
Group". The campus finals saw a slew of ideas for the Group ranging from
healthcare to shipping, sports to entertainment, equity to power generation.
These ideas with their detailed business cases were evaluated by panels of
senior Tata Managers across these seven campuses to arrive at the national
finalists.
The seven winners, one
from each campus, are to further fight it out on 10th January in the National
Finals being held at Hotel President, Mumbai, to determine the winner for the
year 2007. The finals will be judged by Tata GCC members followed by an award
ceremony felicitating the best of the business ideas.
The TBLA is conducted
by Tata Administrative Services (TAS), a premier recruiter at Indian business
schools. TAS has been the flagship recruitment programme for the Tata Group
aimed at developing young leaders for the Tata Group for the past 50 years.
Dubai World signs MoU with Tata Strategic Management Group
December 21, 2006
The Excellence Center (TEC), a
corporate department of Dubai World Group, one of the largest groups in UAE,
has signed a memorandum of understanding with Tata Strategic Management Group
(TSMG) for providing management consulting services.
TSMG will assist Dubai
World and its business units in the areas of strategic planning and performance
improvement, management due-diligence, continuous improvement and
re-engineering and knowledge sharing.
Dubai World (DW) group
comprises various government authorities and semi-government /
government-managed private entities, including amongst others the renowned DP
World (which acquired P&O Ports, UK), Jebel Ali Free Zone, Nakheel
Properties (Palm Diera & World Island etc.), Dubai Customs, Dubai Maritime
City, Istithmar, Tejari and Dubai Metals and Commodities Centre. The Excellence
Center (TEC) is a corporate department of Dubai World mandated with helping
group companies in their business excellence journey and taking them to world
class levels of maturity.
Referring to the
association with TSMG, Abdul Qader Obaid Ali, director, Group Internal Audit
and Quality, Dubai World, stated, "The MoU falls within their plans to
adopt the best global and local expertise in the field. It will help us in
strengthening the consultancy services they provide to the business units of
Dubai World, especially in view of the holding company's global expansion and
diversification."
Tata Strategic
Management Group (TSMG) is one of the largest management consulting firms in
South Asia, with over fifteen years of experience. TSMG has clients in SAARC,
ASEAN, West Asian countries, Europe and USA. TSMG offers solutions in areas
like strategy formulation, strategy deployment, business process improvement,
cost reduction, productivity improvement, business analytics, and strategic and
financial research across industry sectors like automotive and engineering,
chemicals and energy, consumer and retail, telecom and media, infrastructure
and government and financial services.
Media release
MALAYSIAN
GRAND PRIX, KUALA LUMPUR
March 18, 2005
Following a positive start in Melbourne, where both
cars crossed the finishing line, Jordan Grand Prix is looking forward to the
challenge of the Malaysian Grand Prix. After one day off, driver Narain
Karthikeyan travelled straight to Malaysia to acclimatise and prepare for the
extremely hot and humid conditions of Kuala Lumpur’s Sepang International Circuit.
As for Tiago Monteiro, he stayed in Australia but nevertheless he followed a
strict programme, prepared for him by Gerard Gray, Jordan Grand Prix team’s
physiotherapist. “In Malaysia for training, the drivers were working
approximately four hours a day. They have realised after the Australian race,
that they need to prepare even more intensively for Malaysia where the track
temperature, the cockpit temperature and the humidity make it the most
difficult and physical race of the year.” Gray explains. “Every day, the
drivers were in the gym working their neck, shoulder, stomach and back
muscles. Additionally, they did a lot of cardio work and circuit training”. “In
addition, Narain and Tiago did a lot of stretching and received daily massage
therapy. It is essential for a driver to have lean, supple muscles that
maintain strength but also keep a low weight, so it makes it easier for the
engineers to design a car around them.” Gray adds.
“It was an intensive programme. They were guaranteed
to be working extremely hard in high temperatures to prepare them for the
Malaysian race. Nutritionally, they also had to be trained for a much hotter
race. They are drinking different energy drinks to replace the salt that they
loose through sweat. So the nutritional strategy for the Malaysian Grand Prix
will be different to that used in Australia. The better prepared, the better
they are going to be.” Gray concludes.
Team quotes on the Malaysian Grand Prix
Narain Karthikeyan
“After the first race in Australia, I went directly
to Malaysia to prepare physically for the tough weather conditions. I have
trained a lot outdoors, about four hours a day, especially doing some cardio
work. I have also been around the track and the first things I have noticed are
that it is not very clean and it is very wide. However, I think it will suit my
style of driving. I am a little bit worried about the very hot conditions here
in Malaysia, as it is very humid. Physically, it will be very challenging but I
will push hard for it, as I did in Australia and hopefully finish the race
again.”
Tiago Monteiro
“I stayed in Australia between the two races to relax
and recover from my cold. Nevertheless, I have also gone through a fitness
programme that my trainer had prepared for me. Malaysia will be another unknown
track for me. My goal here is to learn the circuit as fast as I can and
obviously try to finish the race. The track is quite different from Melbourne,
there are many high-speed corners and the hot temperature and the humidity will
probably make it the toughest race of the year. However, I am really looking
forward to the challenge.”
Paul
Monaghan, Chief Race Engineer
“Sepang International Circuit is a very demanding one: the hot track
temperature creates unique conditions for the drivers, tyres and engine. A good
car balance is required for the track's flowing nature, which then eases the
braking requirements. At present, we are facing challenges with two new
drivers, tyres and engine regulations, but we are building on the lessons learnt
at the Australian Grand Prix and seeking to get the most from everything here
this weekend.” in it!
TATA
SALT RECEIVES THE FIRST FMCG CONSUMER REACTION AWARDS
March 9, 2005
Tata Salt was a recipient in the first FMCG Consumer
Reaction Awards organised by the Indira Group of Institutes. This award has
been conceived by the Indira Group of Institutes, overseen by R L Bhatia. 28
awards were presented at a glittering ceremony held at Taj Lands on March 1,
2005.
The students of Indira Group undertook an in-depth
research in various categories of consumer products that the consumers use and
need in their day-to-day life as a pattern of behaviour and consumer buying
habit. A structured questionnaire was used on a sample size of 5000 consumers
in Mumbai and Pune. The consumers were approached to define their preferences
and buying habits. The age group covered was varying from 16 years to 56 years.
The responses were then collated and reviewed by a team of specialists in
market research. The first FMCG Consumer Reaction Awards are unique as
they are "the voice of the consumer" sharing the consumer's feeling
and acceptance of a product, amidst the several competitive products that
exist.
Said Satish Sohoni, COO — FAB, Tata Chemicals, “The
fact that the consumers, singled out Tata Salt amongst the scores of FMCG
brands, is a testimony of our continuing efforts to achieving consumer
satisfaction. Consumer faith and loyalty has today, brought about yet another
accolade for us with the Consumer Reaction Award in the FMCG sector.”
THE
TETLEY GROUP GOES FOR A DEBT REFINANCE
March 9, 2005
All products marketed by the Tata Group companies
based abroad will carry the words ‘A Tata Enterprise’ on product packs. In line
with this, Tata Tetley, for the first time, will use ‘A Tata Enterprise’ on its
product packs. Tetley, being a different legal entity, would pay the licence
fee in due course after meeting all the conditions of the licence agreement of
the Tata Group.
This can be viewed as a step further towards the
integration of the operations of Tata Tea and Tetley. The focus is on creating
a global database and having a common system for both the entities.
According to Tata Tea managing director Homi R
Khusrokhan, “It was decided recently that as part of creating a global
awareness of the ‘Tata’ name, all products marketed by the Tata companies
outside India, which would include the Tetley Group, will hereafter, over the
next year progressively, carry the words ‘A Tata Enterprise’ on all
packs.”
The move endorses what the Tata Group chairman Ratan
Tata stated in his New Year message to all group employees, that globalisation
is an important new phase in the group’s growth plans.
As far as the restructuring initiatives of the
manufacturing hubs of Tetley are concerned, Mr. Khusrokhan said, “The creation
of global manufacturing hubs are an on-going process. However, these plans will
not impact Tata Tea’s sites in India.”
In order to be a cost efficient player, Tetley plans
to have a few manufacturing hubs around the world. However, these hubs may not
be directly connected with their original markets. For example, Tetley, which
has recently entered into two joint ventures — one in Bangladesh and the other
in Pakistan — will help the company leverage on their manufacturing and
distribution networks for serving its other markets.
In Australia, it closed its manufacturing facility
and is now sourcing its requirement from Tata Tetley Limited, the joint venture
company in Kochi. During 2002-03, Tetley restructured its operations in the US
by selling its private label business, outsourcing its entire manufacturing
operations to a joint venture company. It also set up another joint venture
company to retain its presence in the food service sector.
Further, on the road to globalisation, Tata Tea is
eyeing certain overseas markets where it plans to introduce its brands through
soft launches. These markets include the Middle East, the Gulf countries and
the Far East. The Tetley group will continue to have a presence in most of the developed
countries along with Russia, Bangladesh and Pakistan.
TATA
POWER’S DISTRIBUTION ARM COMPLETES FIRST PHASE OF AMR IMPLEMENTATION
March 7, 2005
NDPL, the power distribution arm of Tata Power with
the mandate of distributing power to north and north west parts of Delhi,
announced that it has successfully completed implementation of the first phase
of automatic meter reading (AMR) technology for over 3,000 of its
consumers.
North Delhi Power Limited (NDPL), the power
distribution arm of Tata Power with the mandate of distributing power to North
and North West parts of Delhi, today announced that it has successfully
completed implementation of the first phase of automatic meter reading (AMR)
technology for over 3,000 of its consumers. This technology intervention by the
company now covers all its high value consumers. For the past eight months all
large industrial power (LIP) and single point distribution (SPD) consumers of
NDPL are being billed using AMR technology. The company plans to cover 10,000 consumers
under AMR by the end of FY 2005-06 and extend it to over 50,000 consumers by
the end of FY 2006-07.
Commenting on the company achieving this milestone, F
A Vandrevala, managing director, Tata Power, said, “AMR is a win-win situation
for the power utilities and consumers, as the system provides the utility with
accurate data leaving no room for manipulation. At the same time the consumers
can access their consumption and billing data, use it for load planning and in
reducing their electricity bills. ”
All NDPL consumers being billed using AMR are
provided with state-of-the-art intelligent electronic meters which virtually
talk to a computer server installed at NDPL’s end, that downloads the data from
these meters. These electronic meters furnish more details in comparison to old
electromechanical meters. The AMR technology helps the company not only in
efficient data collection but also in-depth aggregation and analysis. To
facilitate transparency and consumer satisfaction, the downloaded data for all
consumers billed through AMR is shared with them through the NDPL website,
www.ndplonline.com. This data can be utilized by consumers to plan their load
and improve power factor. This unique value-added service is provided to NDPL
consumers free of cost.
The main highlight of the AMR technology being used
by NDPL is that all types of meters in its installed base can be read through a
single, seamless operation. For this purpose, NDPL along with leading meter
manufacturers of the country have co-authored an interoperability document ie
the universal meter reading document (available on metering-india.com). Through
this, NDPL has developed a common platform by which all meters can be read
through a common software, irrespective of variations in the meter manufacturing
source. The data from these meters is collected on a daily basis and stored in
a repository where all the analysis takes place automatically.
The AMR scheme adopted by NDPL consists primarily of
two ends, the CT meter at the consumer’s premises and associated devices as
well as the computerised system installed at NDPL. The computers are programmed
to dial to the CT meters and download the data for the purpose of billing and
analysis. NDPL has created a specialised group that monitors the data collected,
especially meter tampering information in order to take appropriate corrective
action, quickly.
TATA
MOTORS LAUNCHES A WIDE RANGE OF FULLY BUILT BUSES AND COACHES
March 7, 2005
Tata Motors, India’s largest fully integrated
automotive manufacturer, today announced the launch of fully built coaches
under the ‘Globus’ brand name and a range of branded buses under the ‘Starbus’
portfolio. This introduction is perhaps the largest ever launch by a commercial
vehicle manufacturer at one time.
The Tata range of ultra-modern fully built buses
redefines mass transportation, by raising the existing standards and setting
new benchmarks in safety and comfort of bus travel in the country. The Tata
branded buses and coaches, available in Diesel and CNG variants, with capacity
ranging from 13 to 67 seater, have been conceptualised to meet the exacting
requirements of every user group. The premium range of Globus coaches have been
designed to transport the traveller in luxury. Ergonomically designed hi-back,
fully reclining ‘soft feel fabric’ seats; spacious leg room; overhead reading
lights; personalised climate control vents and attention to every detail make
the journey in the Globus the ultimate in passenger comfort.
The Starbus portfolio comprises deluxe, low floor and
school bus models. The range offers superior quality and comfort while ensuring
unparalleled economy for bus operators. The Starbus Skool is the first in its
category to offer a host of safety features. The Starbus Skool takes concern
and care of school children to a new level. Features like padded seats with
soft tooth guards, anti-skid flooring, luminescent signs, safety alarms and a
retractable step ensure utmost safety. The ultra low floor and low floor buses
are the result of thorough attention and intricate detailing to ensure
passenger comfort.
The buses and coaches are offered in a wide price
range between Rs. 61 millions to Rs. 350 millions to suit every user
profile.
Commenting on Tata Motors’ launch of fully built
buses, Ratan N Tata, chairman, Tata Motors stated, ‘This is an important
milestone for us. Till date we have had limited presence in the bus segment.
The introduction of the bus range and the company’s recent acquisition in
Europe will position Tata Motors to gain a strong foothold in the international
markets.’
Tata Motors, last month formed a strategic alliance
with Hispano Carrocera, a well-known Spanish bus manufacturing company which
has to its credit many awards including the prestigious European Bus of the
Year. This strategic alliance with Hispano will provide Tata Motors access to
Hispano’s design and technological capabilities.
Speaking on the occasion, Ravi Kant, executive
director — commercial vehicle business unit, Tata Motors said, ‘ India is
currently witnessing a surge in infrastructure development, which is set to
bring about a paradigm shift in logistics management and the manner in which
people travel. Tata Motors has always been at the forefront of change, our aim
is to participate and lead this movement by offering transportation solutions
which will enable people to travel in comfort and safety’.
With the introduction of Tata branded buses, the
‘Tata Bus Terminus’ has evolved into a one-stop shop for all customer
requirements, providing total convenience to the customer.
FLY
ELEGANTLY, STAY LUXURIOUSLY
March 3, 2005
With the aim of providing travellers with great value offers, the
Taj Business Hotels has introduced exceptional weekend offers, in association
with Air Sahara. At the price of a full fare return air ticket, travellers can
now avail of the attractive combination of a return air journey aboard the
elegant Air Sahara and a luxurious night’s stay at a Taj Business Hotel.
Available at select Taj Business Hotels, the offers are valid till March 31, 2005
for Friday / Saturday check-in and Saturday / Sunday / Monday checkouts,
inclusive of current taxes.
Specially designed for discerning domestic travellers who aspire to fly
elegantly and live luxuriously, the weekend offers can be availed at select Taj
Business Hotels across major cities like Ahmedabad, Chennai, Mumbai, Hyderabad,
Lucknow and Cochin. So stay at the opulent Taj Banjara or Taj Residency while
on business in Hyderabad, or let the unrivalled Taj Connemara pamper you while
in Chennai for a conference. Reside in the luxurious Taj President while
touring the business hub, Mumbai or indulge in lavishness at Taj Residency
Ummed while fixing a deal in Ahmedabad.
Subject has been accredited with ISO 9001 Certification.
|
Name of the company |
TATA SONS LIMITED – DIVISION TATA
CONSULTANCY SERVICES |
|
Presented By |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED, HONGKONG BANK 52/60, MAHATMA GANDHI ROAD, MUMBAI -
400001 |
|
1) Date and description of instrument creating the change |
Agreement
for overdraft / loan and / or any
other banking faculties against hypothecation over book dents dated
08.04.2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.
3000.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All
present and future book debts, outstanding moneys, receivables, claims and
bills now due owing an payable or which may at any time during the
continuance of the security become
due owing or payable to Tata consultancy services, a division of the company
in the course of its business by any person, firm, company or body corporate
or by the government department or office of any municipal or local or public
or semi corporate or any undertaking or project whatsoever in the public
sector. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
In
consideration of overdraft / working capital demand loan or any other banking
facilities sanctioned to be sanctioned by the bank to TCS, TCS has
hypothecated and charged to the bank by way of first charge ranking pari
passu with subsisting charges on such assets as a continuing security, the
assets mentioned in Item No. 3, above to secure the repayment of the advances
together with interest cost and all other charges as applicable. Interest at
the rate of 14.85 % p.a. shall be payable by TCS, subject however that the
bank shall have the right to change the rate of interest after notice to TCA,
TCS shall maintain such margin of security as may be specified by the bank
form time to time. In case TCS fails to fulfil its obligations under the
agreement, the bank shall be entitled to take possession of the hypothecated
properties and sell them by public auction or private contract and utilise
the proceeds in full or part for settlement of its claims. |
|
5) Name and Address and description of the person entitled to the charge. |
The
Hongkong And Shanghai Banking Corporation Limited, 52/60,
Mahatma Gandhi Road, Mumbai - 400001 |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
|
Name of the company |
TATA SONS LIMITED |
|
Presented By |
STANDARD CHARTERED BANK, 23-25, MAHATMA
GANDHI ROAD, MUMBAI - 400001 |
|
1) Date and description of instrument creating the change |
Agreement
of hypothecation of book dents dated 13.09.2002 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.
1500.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All
present and future book debts, outstanding moneys, receivables, claims and
bills now due owing an payable or which may at any time during the
continuance of the security become due owing or payable to Tata consultancy
services, a division of the company in the course of its business by any
person, firm, company or body corporate or by the government department or
office of any municipal or local or public or semi corporate or any
undertaking or project whatsoever in the public sector. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
ROI :
As would be determined by the bank from time to time. |
|
5) Name and Address and description of the person entitled to the charge. |
Standard
Chartered Bank, 23-25,
Mahatma Gandhi Road, Mumbai - 400001 |
|
6) Date and brief description of instrument modifying the charge |
Supplementary
hypothecation agreement of book debts dated 02.05.2003 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The
original charge was created on dated 13.09.2002 for Rs. 1500.000 Millions.
Now by the present modification dated 02.05.2003 the bank at the request of
the borrower agreed to enhanced the credit facility granted by the bank to
the borrower by way of overdraft Export loan / short term loan from Rs.
1500.000 Millions to Rs. 3500.000 Millions |
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions that
could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.27 |
|
UK
Pound |
1 |
Rs.86.71 |
|
Euro |
1 |
Rs.57.13 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|