MIRA
INFORM REPORT
|
Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TATA SONS LIMITED |
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Registered Office : |
Bombay House 24, Homi Mohi Street, Mumbai – 400001, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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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 : |
Investment,
Finance, Computer Consultancy, New Projects, Project Consultancy, Market Research
and Surveys. It also undertakes Property Development. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 494460800 |
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Status : |
Excellent |
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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 No. 24,
East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai –
400 001, Maharastra, India |
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Tel. No.: |
91-22-22049131/22821266/56658282 |
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Fax No.: |
91-22-22048187/56658080 |
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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, India |
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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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Branches : |
Located at :
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Overseas Offices : |
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Marketing Offices : |
Located at :
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DIRECTORS
|
Name : |
Mr. Ratan Naval
Tata |
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Designation : |
Chairman |
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Address : |
Flat 12, Bakhtawar,
Opp Colaba Post Office, Colaba, Mumbai – 400 005, Maharashtra, India |
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Date of Birth/Age : |
28.12.1937 |
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Date of Appointment : |
21.08.1974 |
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Email: |
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Name : |
Mr. Noshir Adi
Soonawala |
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Designation : |
Vice Chairman |
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Address : |
29, Hampton
Court, Opp Colaba Post Office, Colaba, Mumbai – 400 005, Maharashtra, India |
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Date of Birth/Age : |
27.06.1935 |
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Date of Appointment : |
01.02.1989 |
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Email: |
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Name : |
Mr. Arunkumar
Ramanlal Gandhi |
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Designation : |
Whole Time
Director |
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Address : |
10, Sudama, 214,
Walkeshwar Road, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
15.03.1943 |
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Date of Appointment : |
18.08.2003 |
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Name : |
Mr. Farrokh
Kaikhushru Kavarana |
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Designation : |
Director |
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Address : |
CCI Chambers, 5th
Floor, Dinshaw Vachha Road, Mumbai – 400 020, 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 : |
Mr. Ishaat
Hussain |
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Designation : |
Whole Time
Director – Finance |
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Address : |
222-A, NCPA
Apartments, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Date of Birth/Age : |
02.09.1947 |
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Date of Appointment : |
01.07.1999 |
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Name : |
Mr. Jiji Jamshed
Irani |
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Designation : |
Director |
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Address : |
Flat No.222, A
Wing NCPA Apartments, Nariman Point, Mumbai – 400021, Maharshtra, India |
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Date of Birth/Age : |
26.06.1936 |
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Date of Appointment : |
10.06.1997 |
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Name : |
Mr. Richard Alan
Rosling |
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Designation : |
Whole Time
Director |
|
Address : |
9 Hill Park,
Malabar Hill, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
16.08.1962 |
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Date of Appointment : |
15.01.2004 |
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Name : |
Mr. Ramabadran
Gopalakrishnan |
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Designation : |
Executive
Director |
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Address : |
101 Baug E Abbas,
21-A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
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Date of Birth/Age : |
25.12.1945 |
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Date of Appointment : |
24.11.1998 |
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Name : |
Mr. Krishna Kumar
Rayaroth Kuttambally |
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Designation : |
Director |
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Address : |
213-B, NCPA
Apartments, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Date of Birth/Age : |
24.12.1945 |
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Date of Appointment : |
22.01.2002 |
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Name : |
Mr. Syamal Gupta |
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Designation : |
Director |
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Address : |
19, Commonwealth,
Madam Cama Road, Mumbai – 400 021, Maharashtra, India |
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Date of Birth/Age : |
15.04.1934 |
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Date of Appointment : |
12.05.1995 |
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|
Name : |
Mr. Cyrus
Pallonji Mistry |
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Designation : |
Additional
Director |
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Address : |
Sterling Bay,
103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
04.07.1968 |
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Date of Appointment : |
10.08.2006 |
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Passport No.: |
P349742 |
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Income-tax PAN |
AERPM9037N |
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Voter’s Identify No.: |
MH/04/024/078725 |
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Email: |
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|
Name : |
Mr. Shapoorji
Pallonji Mistry |
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Designation : |
Director |
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Address : |
Sterling Bay,
103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
01.06.1929 |
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Date of Appointment : |
29.07.2004 |
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|
Name : |
Mr. Gopal Krishnan
Ramabadran |
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Designation : |
Whole Time
Director |
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Address : |
101 Baug E Abbas,
21-A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
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Date of Birth/Age : |
24.12.1945 |
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Date of Appointment : |
24.11.1998 |
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Other Directorships : |
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Name: |
Shapoorji
Pallonji and Company |
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Designation : |
Managing Director |
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CIN of Company: |
U45200MH1943PTC003812 |
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|
Name: |
United Motors
India Limited |
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Designation : |
Director |
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CIN of Company: |
U28100MH1920PLC000807 |
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Name: |
Shapoorji
Pallonji Finance Limited |
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Designation : |
Director |
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CIN of Company: |
L65920MH1994PLC077480 |
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Name: |
Shapoorji
Pallonji Power Company Limited |
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Designation : |
Director |
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CIN of Company: |
U31100MH1995PLC084278 |
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Name: |
Shapoorji
Pallonji and Company (Rajkot) Private Limited |
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Designation : |
Director |
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CIN of Company: |
U99999MH1977PTC019618 |
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Name: |
Cyrus Investment
Limited |
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Designation : |
Director |
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CIN of Company: |
U65920MH1923PLC001053 |
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Name: |
Sterling
Investment Corporation Private Limited |
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Designation : |
Director |
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CIN of Company: |
U70100MH1943PTC003997 |
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Name: |
Pallonji
Shapoorji and Company Private Limited |
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Designation : |
Director |
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CIN of Company: |
U45200MH1951PTC008529 |
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Name: |
Tata Power Company Limited |
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Designation : |
Director |
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CIN of Company: |
L28920MH1919PLC000567 |
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Name: |
Shapoorji Pallonji
Infrastructure Capital Company Limited |
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Designation : |
Director |
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CIN of Company: |
U65990MH1997PTC108596 |
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Name: |
Samalpatti Power
Company Private Limited |
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Designation : |
Director |
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CIN of Company: |
U40109TN1995PTC033944 |
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Name: |
Buildbazaar
technologies India Private Limited |
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Designation : |
Director |
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CIN of Company: |
U72200MH1999PTC122642 |
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Name: |
Afcons
Infrastructure Limited |
|
Designation : |
Director |
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CIN of Company: |
U45200MH1976PLC019335 |
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Name: |
Forbes Gokak
Limited |
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Designation : |
Director |
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CIN of Company: |
L17110MH1919PLC000628 |
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Name: |
Forvol International Services Limited |
|
Designation : |
Director |
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CIN of Company: |
U55100MH1977PLC019660 |
KEY EXECUTIVES
|
Name : |
Mr. Farokh
Nariman Subedar |
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Designation : |
Company Secretary
|
|
Address : |
1, Wadia Building,
Ground Floor, 6, Babulnath Road, Mumbai – 400 007, Maharashtra, India |
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Date of Birth/Age : |
24.09.1955 |
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Date of Appointment : |
01.01.1996 |
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Email: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
M.M. Tata Trust |
|
2421 |
|
Mr. Shapoorji
Pallonji Mistry |
|
108 |
|
Sterling
Investment Corporation Limited |
|
40319 |
|
Cyrus Investments
Limited |
|
33925 |
|
Mr. Tata Naval Ratan |
|
43368 |
|
H H
Mahvirendrasingh |
|
1 |
|
Tata Investment
Corporation Limited |
|
100326 |
|
Mr. Simone Naval
Tata |
|
2011 |
|
Mr. Jimmy Naval
Tata |
|
3262 |
|
Mr. Noel Naval
Tata |
|
2055 |
|
The Trustees Mr.
Dorab Tata Trust |
|
113067 |
|
The Trustees Mr.
Ratan Tata Trust |
|
95211 |
|
The Trustees
Sarvajanik 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 J R D
Tata Trust |
|
16200 |
|
Mr. Tata Minocher
Piloo |
|
487 |
|
Mr. Choksey
Farhad Vira |
|
157 |
|
Mr. Tata Minocher
Jimmy |
|
157 |
|
Tata Motors
Limited |
|
112375 |
|
Trent Limited |
|
63000 |
|
Tata Power
Company Limited |
|
5673 |
|
Tata Tea Limited |
|
32755 |
|
Indian Hotels
Company Limited |
|
34300 |
|
Tata Industries
Limited |
|
2295 |
|
Tata Chemicals
Limited |
|
237437 |
|
Kalimati
Investment Company Limited |
|
12375 |
|
Chemicals
Terminal Trombay Limited |
|
30000 |
|
Mr. Soonawala Adi
Noshir |
|
20000 |
|
Aftaab Investment
Company Limited |
|
1000 |
|
Mr. Gopal
Krishnan Ramabadran |
|
5000 |
|
Mr. Hussain Ishaat |
|
5000 |
|
Mr. Rayorath Krishna Kumar |
|
5000 |
|
Mr. Simone Naval
Tata |
|
5000 |
|
Tata
International Limited |
|
1477 |
|
|
|
|
|
Total |
|
1065146 |
|
|
|
|
|
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|
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|
Category |
|
Percentage |
|
|
|
|
|
Bodies Corporate (Not mentioned above) |
|
31.24 |
|
Directors or relatives of directors |
|
2.87 |
|
Others |
|
65.89 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Investment,
Finance, Computer Consultancy, New Projects, Project Consultancy, Market Research
and Surveys. It also undertakes Property Development. |
GENERAL
INFORMATION
|
Customers : |
Some of the major
customers of the company are as under :
|
|
|
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|
No. of Employees : |
Around 11000 |
|
|
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|
Bankers : |
·
Standard
Chartered Grindlays Bank Limited ·
Citibank
N.A. ·
The National
Bank of Bahrain ·
ABN Amro,
U.S.A. ·
Credit
Suisse, Switzerland ·
Bank
Tejarat, Iran ·
Nepal Arab Bank
Limited, Nepal ·
ABN Amro,
Malaysia ·
UNI Bank,
Denmark ·
CIBC Bank,
Canada ·
DBS,
Singapore ·
ANZ
Grindlays Bank Limited, ORDSA, 90 Mahatma Gandhi Road, Mumbai – 400001 ·
Citibank, 9th
Floor, Air India Building, Nariman Point ·
Central Bank
of India ·
Bank of
America, N.A. Australia ·
HSBC Bank,
Uk ·
K and H
Bank, Hungary ·
Bank of
America, Canada ·
ABN Amro
Bank, Tarwan ·
Standard
Chartered Bank, Singapore ·
Nedbank,
South Africa ·
La Caixa
Bank, Spain ·
ASB Bank,
New Zealand ·
Bank of
America, Washington |
|
|
|
|
Facilities : |
- |
|
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|
Banking
Relations : |
Good |
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|
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|
Auditors : |
|
|
Name : |
A. F. Ferguson
and Company Chartered
Accountants |
|
Address : |
Maker Tower E,
Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
|
|
|
Associates : |
·
The Tata Engineering
and Locomotive Company Limited ·
Tata
Infomedia Limited ·
Tata
Investment Corporation Limited ·
The Tata
Iron and Steel Company Limited ·
Tata Power
Company Limited ·
Trent
Limited ·
Tata AIG
Risk Management Services Limited ·
Tata TD Waterhouse
Asset Management Private Limited ·
Tata Trustee
Company Limited ·
Tata
Industries Limited ·
Associated
Building Company Limited ·
Tata
International Limited ·
Niskalp
Investment and Trading Company Limited ·
Videsh
Sanchar Nigam Limited ·
Voltas
Limited ·
Technopolis
Knowledge Park Limited ·
Rentbazaar
(India) Limited ·
Tata
Consultancy Services, Belgium SA ·
Tata
Consultancy Services, Deutschland GmbH ·
Tata
Consultancy Services, Netherlands BV ·
Tata
Consultancy Services, Sverige AB ·
Tata
Consultancy Services. France SA ·
Titan
Marketing International Limited ·
Titan
International Investments ·
TKM Overseas
Transport Limited ·
TKM Overseas
Transport Inc ·
TKM Overseas
Transport (Europe) GmbH ·
TKM Logistic
Pte Limited ·
Tata
Consulting Engineers International AG ·
Tata
Precision Industries (Pte) Limited ·
Airline
Financial Support Services Limited ·
Aviation
Software Development Consultancy India Limited ·
Conscripti
(Pty) Limited ·
Engineering
Analysis Centre of Excellence Private Limited ·
Intelenet
Global Services Private Limited |
|
|
|
|
Subsidiaries : |
·
Ewart
Investments Limited ·
Tata
Infotech Limited ·
Orchid Print
India Limited ·
Primal
Investment and Finance Limited ·
Tata AIG
General Insurance Company Limited ·
Tata AIG
Life Insurance Company Limited ·
TCE
Consulting Engineers Limited ·
TCS Ibero America,
SA ·
Tata Housing
Development Company Limited ·
Concept
Marketing and Advertising Limited ·
Tata
International AG, Zug. ·
Tata AG,
Zug. ·
Tata Capital
Limited ·
Pamatone
Finvest Limited ·
CMC Limited ·
Tata Realty
and Infrastructure Limited ·
Tata
Consultancy Services Limited ·
E2E Serwiz
Solutions Limited ·
THDC Limited ·
Tata
Petrodyne Limited ·
Tata Sky
Limited ·
Tata Assets
Management Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000 |
Equity shares |
Rs.100000/- |
Rs.600.000
Millions |
|
32750000 |
Preference shares |
Rs.1000/- |
Rs.32750.000 Millions |
|
150000 |
Unclassified |
Rs.1000/- |
Rs.150.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.33500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity shares |
Rs.1000/- |
Rs.404.146 Millions |
|
2090000 |
Preference shares |
Rs.1000/- |
Rs.2090.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2494.146 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2383.900 |
1065.100 |
1065.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
121231.300 |
92368.500 |
79286.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
123615.200 |
93433.600 |
80351.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
23820.000 |
8755.000 |
8585.000 |
|
|
2] Unsecured Loans |
17370.800 |
14436.700 |
12819.800 |
|
|
TOTAL BORROWING |
41190.800 |
23191.700 |
21404.800 |
|
|
DEFERRED TAX LIABILITIES |
21.400 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
164827.400 |
116625.300 |
101755.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
329.900 |
342.600 |
363.400 |
|
|
Capital work-in-progress |
13.300 |
0.200 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
144515.000 |
118408.700 |
102001.600 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
2067.800
|
1646.700
|
1127.200 |
|
|
Cash & Bank Balances |
20445.300
|
24.900
|
23.500 |
|
|
Other Current Assets |
1563.100
|
1285.100
|
686.600 |
|
|
Loans & Advances |
3534.000
|
7152.600
|
7894.300 |
|
Total
Current Assets |
27610.200
|
10109.300
|
9731.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
2589.000
|
3282.700
|
1694.800 |
|
|
Provisions |
5052.000
|
8952.800
|
8645.900 |
|
Total
Current Liabilities |
7641.000
|
12235.500
|
10340.700 |
|
|
Net Current Assets |
19969.200
|
(2126.200)
|
(609.100) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
164827.400 |
116625.300 |
101755.900 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
2125.300 |
18675.700 |
6857.300 |
|
|
Other Income |
36399.800 |
0.000 |
0.000 |
|
|
Total Income |
38525.100 |
18675.700 |
6857.300 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
36262.900 |
16536.400 |
4253.500 |
|
|
Provision for Taxation |
(2903.500) |
(413.300) |
0.000 |
|
|
Profit/(Loss) After Tax |
39166.400 |
16949.700 |
4253.500 |
|
|
|
|
|
|
|
|
Export Value |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Import Value |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Salaries, Wages, Bonus, etc. |
291.400 |
272.900 |
0.000 |
|
|
Managerial Remuneration |
86.100 |
85.200 |
0.000 |
|
|
Payment to Auditors |
6.900 |
2.700 |
0.000 |
|
|
Interest |
540.000 |
643.200 |
0.000 |
|
|
Insurance Expenses |
1.300 |
1.200 |
0.000 |
|
|
Depreciation & Amortization |
29.300 |
32.800 |
0.000 |
|
|
Other Expenditure |
1307.200 |
1101.300 |
2603.800 |
|
Total Expenditure |
2262.200 |
2139.300 |
2603.800 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
101.66
|
90.76
|
62.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1706.25
|
88.54
|
62.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
129.79
|
12.83
|
3.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.17
|
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.39
|
1.38
|
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.61
|
0.82
|
0.94 |
LOCAL AGENCY
FURTHER INFORMATION
History
Subject was incorporated
on 8th November, 1917 at Mumbai in Maharashtra having Company
Registration Number 478.
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.
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.
Business:
To carry on and provide consultancy services in the areas of computer
management and engineering covering computerized information systems, feasibility
studies, systems design and development computer based management information
systems, on line real time systems, process control, distribution computing,
data base design and implementation, operation systems, stimulators, design or
compliers, studies on computer architecture, software development, surveying
and survey data systems, industrial engineering applications and all other
related area of computer technology and to establish, provide maintain and
conduct data processing facilities including provision of maintenance systems
for minimicro and large computer systems and to act as dealers and / or agents
for any computer manufacturers.
Form 8:
|
Name of the company |
TATA SONS LIMITED
– Div TATA CONSULTANCY
SERVICES |
|
Presented By |
The Hongkong and
Shanghai Banking Corporation Limited (Hong Kong 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 facilities against Hypothecation
over Book Debts dated April 08, 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 and payable the continuance of the security become due owing or payable
to Tata Consultancy Services, a division of the company (TCS) in the course
of its business by any persons, firm company or body corporate or by the
Government of India or any State Government or any Government Department or
Office of any Municipal or local or public or semi government body or
authority or any body 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 and/or any other banking facilities
sanctioned to be sanctioned by the Bank to TCS, TCS has hypothecations and
the charged to the Bank by way of first charged ranking pari passu with
subsisting charge 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% per annum shall be payable by TCS, Subject however that
the Bank shall have the right to change the rate of Interest after giving
notice to TCS. TCS shall maintain such margin of security as may be specified
by the Bank from time to time. In case TCS fails to fulfill its obligations
under the agreement, the Bank shall be entitled to take possession of the
hypothecation property and sell them by public auction or private contract
and utilize 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, Fort, Mumbai – 400001. |
|
6) Date and brief description of instrument modifying the charge |
N.A. |
|
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. |
N.A. |
Bankers Charges Report as per Registry
Name of the Company : Tata Sons Limited
Presented by : -- Tata Sons Limited
|
1. Date and
description of the instrument creating or evidencing the charge
|
Facility-cum-Hypothecation
agreement dated 17.02.2003 |
|
2. Amount secured
by the charge /amount owing on security of the charge |
Rs.10000.000
millions |
|
3. Short
Particular of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
|
First charge on
all the present and future foreign book debts and all other movable assets of
the borrower’s Tata Consultancy Services Division including outstanding
moneys, receivable including receivables by way of cash assistance and / or
cash incentives under the cash incentive scheme or any other scheme including
claims by way of refund of customs / excise duties under the Duty Drawback
Credit Scheme or any other scheme, bills, invoice documents, contracts,
insurance policies, guarantees, engagements, (hereinafter referred to as “the
hypothecated assets”) ranking pari passu with subsisting charges in favour of
ABN Amro Bank NV, Standard Chartered Bank and Bank of America without any
preference or priority to one over the other or others who have agreed to
cede pari passu charge to State Bank of India. |
|
4. Gist of the
terms and conditions and extent and operation of the charge. |
a) The
hypothecated assets shall also be security for the payment and discharge of
all indebtedness whatsoever or liability of the borrower to the Bank in
respect of any liability undertaken by the bank under any letter of credit
opened or guarantee or indemnity issued by the bank for the borrower or
otherwise in respect of any account at any office of the bank (whether in
India or elsewhere and whether accrued, accruing or contingent and whether
solely or jointly with others) and any bill of exchange promissory notes or
instruments at any time drawn made accepted or endorsed by the borrower
solely or jointly with others which the bank may discount or become
interested in together with all interest discount commission charges costs
(between advocate and client) and expenses payable to or incurred by the bank
in relatin thereto. b) The borrower
shall at all times maintain a ufficient quantity and market value of goods,
book debts, movable assets and other assets given as security, to provide the
margin of security of 25% required by the bank from time to time and will
forthwith whenever necessary provide further goods book debts, movable assets
and other security (approved by the bank) to restore such margin or pay to
the bank the equivalent amount in cash. In respect of letter of credit opened
or guarantees or indemnities issued by the bank on behalf of borrower, the
borrower shall deposit sufficient cash or other security as may be acceptable
to the bank as margin money as stipulated by the bank. The bank shall be
entitled to and shall at its discretion, which shall be final and binding on
the borrower, charge the margins and the borrower shall be bound by it
notwithstanding any margins earlier agreed to by the bank. c) Rate of
Interest : Foreign Currency:
upto 180 days 65 basis point above LIBOR (front end) upto 180 days 70 basis
point above LIBOR (back end) Indian Rupees: as
per extant instructions. |
|
5. Names, address
and description of the persons entitled to charge |
State Bank of
India Corporate
Accounts Group Branch, Voltas House, J N Heredia Marg, Ballard Estate, Mumbai
400001, Maharashtra, India |
|
6. Date and brief
description of instrument modifying the charge |
N A |
|
7. Particular of
modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
N A |
Name of the Company : Tata Sons Limited
Presented by : -- Tata Sons Limited
|
1. Date and
description of the instrument creating or evidencing the charge
|
Hypothecation of
goods, book debts, machinery dated 27.02.1980 |
|
2. Amount secured
by the charge /amount owing on security of the charge |
Rs.4.500 millions
|
|
3. Short
Particular of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
|
All book debts (inland
and foreign) of the company’s division viz. Tata Consulting Engineers not
exceeding 90 days |
|
4. Gist of the
terms and conditions and extent and operation of the charge. |
Interest @ 12%
plus interest tax |
|
5. Names, address
and description of the persons entitled to charge |
Bank of Baroda Opera House,
Opera House Branch, 14, Mama Parmanand Marg, Mumbai – 400 004, Maharashtra,
India |
|
6. Date and brief
description of instrument modifying the charge |
Supplemental agreement
of hypothecation of goods, book debts, etc. dated 13.01.2000 |
|
7. Particular of
modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
The charge in
respect of the cash credit limit has been increased from Rs.12.500 millions
to Rs.30.000 millions Previous
modification when the charge in respect of cash credit limit was enhanced to
Rs.12.500 millions was registered on 20.10.1998 at serial no. 559. Original
charge was registered on 02.01.1981 |
Name of the Company : Tata Sons Limited
Presented by : -- Standard Chartered Bank, Fort, Mumbai – 400001, Maharashtra,
India
|
1. Date and
description of the instrument creating or evidencing the charge
|
Agreement of
hypothecation of book debts dated 13.09.2002 |
|
2. Amount secured
by the charge /amount owing on security of the charge |
Rs.1500.000
millions a) Export Finance
(Preshipment and Postshipment including Packing Credit in FCY/INR) b) Overdraft /
Working Capital Demand Loan. |
|
3. Short
Particular of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
|
Hypothecation by
way of first pari passu charge to the bank on: All the present
and future book debts, outstanding moneys, receivables, claims, bills which
may at any time hereafter during the continuance of this security become due and
owing to the borrower in the course of its business by any person, firm,
company or body corporate or by the Government Department or Office or
Municipal, or Local or Public or Semi Government Bodies or Authority or any
body corporate or undertaking or project whatever in the public sector (all
of which hereinafter collectively referred to as “the said debts”) |
|
4. Gist of the
terms and conditions and extent and operation of the charge. |
Rate of Interest
: as would be determined by the bank from time to time. |
|
5. Names, address
and description of the persons entitled to charge |
Standard
Chartered Bank, 23-25, M G Road, Fort, Mumbai – 400001, Maharashtra, India |
|
6. Date and brief
description of instrument modifying the charge |
Supplementary
hypothecation agreement of book debts dated 02.05.2003 |
|
7. Particular of
modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
The original
charge was created on dt. 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 / WCDC, Export Loans/ (INR/ Any foreign currency)/ FCNR (B)/
Short Term Loan fro Rs.1500.000 millions to Rs.3500.000 millions |
Fixed Assets:
·
Land – Freehold
·
Land – Leasehold
·
Building – Freehold
·
Building – Leasehold
·
Plant and Machinery
·
Motor Vehicles
·
Furniture, Fittings and Equipment
Software products
·
QUARTZ –
Software for the European Banks
·
E.X. (NGN) –
The friendliest business accounting package on Windows 95 / NT
·
RTWO – A
proactive intelligent information software
·
Y2 – Apparel
industry software
·
ISBS –
Integrated Standard Banking System
·
IBS –
Integrated Broking System
·
FIDAC – Fixed
Deposit Accounting System
·
PCMS – Patient
Care Management System
·
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
·
entire range
of products form Sunsoft on Intel
Software projects and
services
·
Computer
Consultancy
Information Systems
and Technology planning, Greenfield and customised application software, System
software, Software Re-engineering, System Migration, System Integration,
Distributed Data Processing, Database Designing, Data Communication and
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 :-
·
Acceptance of
Fixed Deposits : “FAAA” (pronounced “F triple A”)
·
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.
Some of the academic
institutions closely involved in training programs at various levels include :
·
USA
University of Florida
University of Wisconsin
Arizona State University
Syracuse University
University of Maryland
·
Canada
University of Waterloo
·
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 and 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.
·
Areas
of Research Engineering
Process
Modelling and Simulation
Minerals and Material Processing
Rural Technology
·
System
Engineering
Formal Methods
Systems Engineering and Cybernetics
·
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 |
offshore development centers
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.
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 Subject has
traditionally been the chairman of the Tata Group.
Subject 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 subject and individual Group companies.
About 66 per cent
of the equity capital of Subject 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.
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, we are uniquely positioned to deliver flexible
world class services seamlessly to any location.
TCS is a division
of subject the holding company of the $13 billion Tata group, India's best
known and respected business conglomerate, which is also a leader and pioneer
in a variety of industry segments and corporate social responsibility.
· Varied Offerings
The company’s
services offerings are varied, and straddle many different industries, such as
finance and banking, insurance, telecommunications, transportation, retail,
manufacturing, pharmaceuticals and utilities. There clients include small,
medium and large companies, and their consulting engagements vary from a few
person-months to hundreds of person-years in effort.
There work had
spanned a range of activities, from strategy consulting and system integration
services to offshore development centres for some of the most sophisticated
software development in the world. Consider these facts about :-
·
Projects for
over 1000 clients in more than 55 countries. their clients get measurable
business results, which is why many Fortune 500 companies prefer them.
·
More than
100,000 person years of experience in diverse business domains and technology
areas.
·
Knowledge
accumulation through collaborative research
with industry and academia, and partnerships with global technology
leaders.
·
Over 28,000
consultants, a range of world-class products, proven offshore development
capabilities, and multiple SEI CMM Level 5 centres.
·
Total revenues
of Rs.50120 millions ($ 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.
Asia Finance,
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 and Company) Asia Finance 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,
subejct promoted 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
Established in 1968, the company is the largest operating division of Subject
It provides a wide range of services in the areas of information technology and
management consultancy.
The company has also promoted and established subsidiary companies abroad, such
as Tata Limited, London, and Tata International AG, Zug.
The company’s
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, subject. centrally promotes and
protects a unified TATA mark, both in domestic and international markets.
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 and Leasehold Land, Freehold and
Leasehold Buildings, Plant and Machinery, Motor Vehicles, Furniture and
Fittings and Office Equipments.
Subject has been
accredited with ISO 9001 Certification.
Notes
Advinus Therapeutics inaugurates
state-of-the-art Drug Discovery Facility in Pune
Date :
August 3 2006
Pune
Mr. Ratan
Tata, Chairman, Tata Sons, inaugurated the state-of-the-art drug
discovery facility of Advinus Therapeutics
at a function held in Pune. Advinus Therapeutics is the drug
discovery and development company
catering to the pharmaceutical and agrochemical industries promoted by the Tata
Group with Dr. Rashmi Barbhaiya. The CEO and Managing Director of Advinus, Dr. Barbhaiya is an
internationally reputed pharmaceutical scientist with vast experience in drug discovery and development. Also present at the function were Mr. R
Gopalakrishnan, Chairman, Advinus
along with the senior management including Dr. Kasim Mookhtiar, CSO and head of
drug discovery, Dr. Nimish Vachharajani, Head of Pharmaceutical Research
and Rajiv Malik, Head of Business and Corporate Development.
Located in the Biotech park at Hinjewadi, Pune and spread over an area of 20,000 sq.ft, the discovery arm of Advinus Therapeutics will undertake novel drug discovery and
generating IP primarily in the area of Metabolic Diseases and Inflammation. The
facility in Pune currently has 55 scientists in
various streams initially and with a plan to ramp up over a period of time. The
centre in Pune is equipped with
state-of-art automated biological testing equipments using multiple platforms,
molecular, cell biology and recombinant DNA technology, mass detected
purification system and parallel synthesis for medicinal chemistry, 400 MZ NMR,
API 4000 LC MS/MS.
Speaking at the inauguration, Mr. Ratan Tata, Chairman, Tata Sons said,
“Looking ahead into the future, the Group is committed to being in new high
technology and knowledge-based industries and Pharma is one such area. Backed
by its strong team and infrastructure, we believe that Advinus will partner global majors in creating value from their
research efforts and improve the quality of life.”
Description :
Also present at the function, Mr. R Gopalakrishnan, Executive Director, Tata
Sons and Chairman, Advinus Therapeutics said, “The Tata Group has
partnered with a technocrat in an entrepreneurial venture, which is uncommon.
We believe that such a business model backed by the combined experience of the
team led by Dr. Rashmi Barbhaiya as CEO & Managing Director and shareholder
holds tremendous potential. TCS which is already in the bio-informatics and
life-sciences space will complement the pioneering efforts of Advinus.
Dr. Rashmi Barbhaiya, Managing Director and CEO of Advinus states, “Post my leaving Ranbaxy, the easiest option for
me was to go back to the US. But I had come to India with a mission and
creation of Advinus Therapeutics offers an opportunity to
leverage the India-advantage to discover and develop novel drugs with speed and
cost-effectiveness. At Advinus,
we will focus on creating cutting-edge research facilities with an estimated
workforce of 550 employees by 2010 comprising of some of the best available
talent pool from across the globe. It is a great privilege for me and every
employee of Advinus that the
company is promoted by a reputed group such as Tata”
Advinus also has a large
operation in Bangalore, set over an 8 acre campus with over 180,000 sq. ft of
built up space, where it offers end to end pharmaceutical R&D services in
the preclinical and early clinical part of the R&D value chain. This
end-to-end platform is the only one of its kind in India. Advinus also offers extensive
capabilities in the agro-chemical and chemical development areas. Advinus is exploring opportunities in
companies based in the US and Europe which are looking at cost-effective,
high-quality solutions for their R&D programmes. The company aims to become
a leading discovery organisation
in India through its leadership and people, discovery programmes, partnerships, productivity as judged by INDs
filings and successful out-licensing.
Advinus
set for Rs 220 Millions expansion in Bangalore
Madhumathi
D.S.
Scouting for land for second facility
Through Advinus, the Tata group hopes to tap the
exponentially growing drug R&D outsourcing trend.
Bangalore
, March 30
Advinus
Therapeutics, the Tata Group-promoted drug discovery and contract research
entity, is in an expansion mode in Bangalore and looking for a large, second
site to set up its drug development facility, it is understood.
The investment
in the new facility could be nearly Rs 220 Millions ($5 million). Advinus'
present land requirement could be of the order of 0.2 Millions sq ft, according
to sources familiar with the development.
The new
facility is most likely to be located around the existing unit at Peenya, from
where a former agro-chemical venture of the Tatas — the erstwhile Rallis
Research Centre - once functioned.
The old
Rallis site and operations were acquired for Rs 260 Millions only a year ago
when Advinus was formed.
Through
Advinus, the Tata group hopes to tap the exponentially growing drug R&D
outsourcing trend, in which pharma majors have been globally spending around
$65 billion (over Rs 280000 Millions).
The
domestic contract research sector alone is worth around Rs 4800 Millions and
set to grow at 80 per cent as estimated by TCS, another Tata arm that offers
clinical trials software, the sources said.
Advinus
is the Tatas' recent foray into emerging pharma R&D area; the group has an
undisclosed majority equity share in the year-old joint venture with Dr Rashmi
Barbhaiya, former R&D chief at Ranbaxy.
Once an
active pharma manufacturing player, the Tata group had exited this business a
few years ago, by selling Merind to Wockhardt and Rallis to Shreya.
Tata
group honcho, Mr R. Gopalakrishnan, is its Chairman while Dr Barbhaiya is its
CEO & Managing Director.
The
R&D venture focuses on drug discovery, contract research and pharmaceutical
development services.
Its aim
is to discover small therapeutic, licensable molecules to treat a whole range
of diseases - including diabetes, obesity, chronic asthma, osteoporosis,
rheumatoid arthritis, and neglected third-world diseases such as kala azar,
dengue, TB, leprosy and malaria.
Advinus
has identified Bangalore, with its research centres and talent pool, as its
hub. It also has smaller scale research operations at Pune.
It also
offers support to biotechnology, agro-chemical companies in global
registration, besides pre-clinical and early clinical development for potential
or candidate drugs that are being developed by companies.
NEWS:
Tata
Sons buy 8% of Praj Industries
September
27, 2007
Ratan Tata knows fossil fuel is running out and future lies
in alternative fuels like ethanol and bio-diesel. That could be the reason why
the Tata group has now joined hands with the likes of Silicon Valley venture
capitalist Vinod Khosla and the big bull Rakesh Jhunjunwala to pick up a stake
in leading bio-fuel technology company Praj Industries. Tata Sons bought 13.42
million shares of Praj Industries amounting to 8 per cent of the Pune-based
company's shares. The stake was bought through a block deal on the BSE from the
promoter group at Rs.251 per share and Tatas have invested around Rs.3300.000
Millions
Tata Industries Managing Director Kishore Chaukar who is an independent
director on Praj Industries Board will now become Tata group's director on the
company board. Pramond Chaudari, who sold part of his stake to the Tata group
has big plans including growth through global acquisitions. The company is
planning to raise funds to finance its aggressive growth plan and may bring in
more private equity investors. The company was also considering acquisition in
Brazil and is said to be in talks with some few players. Tata group's move to
take stake in Praj Industries points to the fact that big players especially
those in the auto industry are seriously looking at alternative fuel sources,
development of technology that will run on green fuel.
Tata
Group firms adopt total customer value management solutions
The Economic Times December 23, 2007
With customer-care taking centre stage in businesses, a
city-based firm has chipped in with a Total Customer Value Management
initiative for providing the right strategies to companies and has already
roped in India's leading corporate Tata Group as a client.
A brainchild of Customer Value Foundation (CVF), the TCM
programme focuses on the wants of customers rather than just process-oriented
issues.
"With the concept of TCM, our aim is to create
awareness and also help the companies to understand the value and role of
customers for their respective businesses," CVF President Gautam Mahajan
told reporters.
The idea is to generate higher returns on investment and
create more value for the company to its stakeholders through proper management
of customers, he added.
CVF was founded by consultancy firm Inter-Link Services and
marketing company TLC Marketing.
One of the companies that have already taken up TCM is Tata
Group company Tata Fertilisers.
"The implementation of CVF's customer value study
helped us align the supply chain (our sales team, the dealers and the
retailers) to become more customer focused and customer sensitive," Tata
Fertilisers CEO Kapil Mehan said.
Pointing out that TCM is not a substitute for the existing
Total Quality Management (TQM) programme, he said that customer value
management is rather complimentary to other quality management initiatives.
Mahajan said that a few more group companies of Tatas
including Tata Chemicals would be taking up the customer value management
programme.
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.39.29 |
|
UK Pound |
1 |
Rs.76.92 |
|
Euro |
1 |
Rs.57.71 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
81 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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. |
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 |
|