MIRA
INFORM REPORT
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Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
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Name : |
TATA SONS LIMITED |
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Registered Office : |
Bombay House No. 24,
East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai –
400 001, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
08.11.1917 |
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Com. Reg. No.: |
11-000478 |
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Capital
Investment / Paid-up Capital : |
Rs.41600.900 Millions |
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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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PAN No.: [Permanent Account No.] |
AAACT4060A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Subject
undertakes Investment, Finance, Computer Consultancy, New Projects, Project
Consultancy, Market Research and Surveys. It also undertakes Property
Development. |
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No. of Employees
: |
Information
denied by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (81) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 1247670000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a principal investment holding company of the Tata group.
It is a well-established company having fine track record. The rating reflects strong financial risk profile supported by
company’s comfortable liquidity and sound capital structure. Directors are
reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the
scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating AAA |
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Rating Explanation |
Highest degree of safety and carry lowest
credit risk. |
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Date |
January 10, 2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Commercial paper A1+ |
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Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
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Date |
January 10, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-66658282)
LOCATIONS
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Registered Office : |
Bombay House 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 / 66658282 |
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Fax No.: |
91-22-22048187 / 66658080 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Cyrus
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 : |
04.07.1968 |
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Date of Appointment : |
10.08.2006 |
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Passport No.: |
P349742 |
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PAN No : |
AERPM9037N |
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Voter’s Identify No.: |
MH/04/024/078725 |
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DIN No : |
00010178 |
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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 : |
01.02.1991 |
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DIN : |
00027689 |
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Name : |
Mr. Ishaat
Hussain |
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Designation : |
Whole Time
Director – Finance |
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Address : |
Flat 222-A, 22nd
Floor, NCPA Apartments, Tata Road, 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 : |
24.11.1998 |
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DIN No : |
00027891 |
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Name : |
Mr. Ramabadran
Gopalakrishnan |
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Designation : |
Whole Time Director |
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Address : |
101 Baug E Abbas,
Capt Prakash Pethe Marg, 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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Voter’s Identify No.: |
HHJ0784694 |
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DIN No : |
00027858 |
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Name : |
Mr. Vijay Singh |
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Designation : |
Director |
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Address : |
H No. 20, Poorvi
Marg, Vasant Vihar, New Delhi – 110057, India |
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Date of Birth/Age : |
13.07.1948 |
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Date of Appointment : |
17.06.2013 |
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DIN No : |
06610802 |
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Name : |
Mr. Nitin Nohria |
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Designation : |
Director |
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Address : |
2 Hampton Road,
Lexington, United States Lexington - 024218038 |
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Date of Birth/Age : |
09.02.1962 |
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Date of Appointment : |
06.09.2013 |
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DIN No : |
01759558 |
KEY EXECUTIVES
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Name : |
Mr. Farokh
Nariman Subedar |
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Designation : |
Company Secretary
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Address : |
1, |
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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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Voter’s Identify No.: |
MT/04/024/024859 |
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PAN No : |
AAGPS8433B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Bodies corporate |
31.24 |
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Directors or relatives of Directors |
0.03 |
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Other top fifty shareholders |
68.73 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject undertakes
Investment, Finance, Computer Consultancy, New Projects, Project Consultancy,
Market Research and Surveys. It also undertakes Property Development. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information
denied by the management |
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Bankers : |
·
Central Bank of India, Debenture Trustee Section,
Centre Bank Building, 55, Mahatma Gandhi Road, Fort, Mumbai-400001,
Maharashtra, India
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Facilities : |
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Banking Relations
: |
-- |
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Financial
Institution : |
Centbank Financial Services Limited, 15-16 Bajaj Bhawan, 1st
Floor, Opposite Inox Multiplex, Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Tower 3, 27th and 32nd Floor, India Bulls
Finance Centre, Senapati Bapat Marg, Elphinstone (West), Mumbai-400018,
Maharashtra, India |
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Tel. No. : |
91-22-61854000 |
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Fax No. : |
91-22-61854501 / 4601 |
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PAN
No. : |
AACFD4815A |
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Joint Venture : |
·
Strategic Energy Technology Systems Private
Limited ·
Virgin Mobile India Private Limited (upto
26.03.13) ·
Tata Ficosa Automotive Systems Limited ·
Taco Hendrickson Suspensions Private Limited ·
Tata Yazaki AutoComp Limited ·
Tata Johnson Controls Automotive Limited |
|
|
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Associates : |
·
Tata Elxsi Limited ·
Tata Motors Limited ·
Tata Steel Limited ·
Tata Global Beverages Limited ·
The Tata Power Company Limited ·
Trent Limited ·
Voltas Limited ·
Tata Chemicals Limited ·
Tata Communications Limited ·
The Indian Hotels Company Limited ·
Taj Air Limited ·
Nagarjuna Oil Corporation Limited ·
The Associated Building Company Limited |
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Subsidiaries : |
·
Ewart Investments Limited ·
Computational Research Laboratories Limited (upto
16.08.2012) ·
Computational Research Laboratories Inc (upto
16.08.2012) ·
Infiniti Retail Limited ·
Infiniti Wholesale Limited (w.e.f. 15.10.2012) ·
Indian Rotorcraft Limited ·
Tata Advanced Systems Limited ·
Nova Integrated Systems Limited ·
Tara Aerospace Systems Limited ·
TASL Aerostructures Private Limited (formerly
TRIF Constructions Private Limited) ·
AVANA Integrated Systems Limited (formerly TRIF
Erectors Private Limited) ·
HELA Systems Private Limited (formerly HBL ELTA
Avionics Systems Private Limited) ·
Tata Lockheed Martin Aerostructures Limited
(formerly Tata Aerostructures Limited) ·
Aurora Integrated Systems Private Limited (ceased
to be an associate of Tata Industries Limited and became a subsidiary w.e.f.
05.10.2012) ·
Tata Business Support Services Limited ·
TBSS Healthcare TPA Services Limited (formerly
Good Health TPA Services Limited) ·
Tata Petrodyne Limited ·
Dian Energy B.V. (w.e.f. 21.03.2011) ·
O&G Newco 1 B.V. (merged with Dian Energy
B.V. w.e.f. 09.08.2011) ·
Merangin B.V. (w.e.f. 31.05.2011) ·
Meruap B.V. (w.e.f. 31.05.2011) ·
Belida B.V. (w.e.f. 31.05.2011) ·
Tata Consulting Engineers Limited (formerly TCE
Consulting Engineers Limited) ·
TCE QSTP-LLC ·
Ecofirst Services Private Limited (w.e.f.
18.01.2013) ·
Tata Realty and Infrastructure Limited ·
Acme Living Solutions Private Limited ·
Ahinsa Realtors Private Limited ·
Arrow Infraestate Private Limited ·
Gurgaon Construct Well Private Limited (formerly
Unitech Construct Well Private Limited) ·
Panatone Finvest Limited ·
Tata AIG General Insurance Company Limited ·
Tata AIA Life Insurance Company Limited (formerly
Tata AIG Life Insurance Company Limited) ·
Tata Investment Corporation Limited ·
Simto Investment Company Limited (w.e.f.
31.08.2012) ·
TS Investments Limited ·
Tata Capital Limited ·
Tata Capital Housing Finance Limited ·
TC Travel And Services Limited ·
Tata Securities Limited ·
T Sec Commodities Broking Limited ·
Tata Infrastructure Capital Limited ·
TT Holdings & Services Limited ·
Tata Capital Growth Fund I ·
Tata Capital Financial Services Limited ·
Tata Capital Markets Limited (merged with Tata
Securities Limited w.e.f. 16.05.2011) ·
Tata Cleantech Capital Limited (w.e.f.
20.12.2011) ·
India Collections Management Private Limited
(ceased to be an associate and became a subsidiary w.e.f. 14.06.2012) ·
Tata Capital Pte. Limited ·
Tata Capital Markets Pte. Limited ·
Tata Capital Advisors Pte. Limited ·
Tata Capital Plc ·
TATA Capital General Partners LLP ·
TATA Capital Healthcare General Partners LLP ·
TATA Opportunities General Partners LLP ·
Tata Housing Development Company Limited ·
Concept Marketing and Advertising Limited ·
Smart Value Homes Limited (formerly Smart Value
Homes Private Limited) ·
Apex Realty Private Limited (w.e.f. 28.02.2011) ·
Kriday Realty Private Limited (w.e.f. 18.11.2011) ·
THDC Facility Management Limited (formerly
Rentalbazaar (India) Limited) (ceased to be a joint venture and became a
subsidiary w.e.f. ·
24.02.2012) ·
Promont Hillside Private Limited (w.e.f.
10.03.2012) ·
Gurgaon Infratech Private Limited (formerly
Unitech Infratech Private Limited) ·
Gurgaon Realtech Limited (formerly Unitech Real
Tech Limited) ·
TRIL Urban Transport Private Limited (formerly
Pioneer Infratech Private Limited) ·
TRIF Gandhinagar Projects Private Limited ·
TRIF Gurgaon Housing Projects Private Limited ·
TRIF Hyderabad Projects Private Limited ·
TRIF Infrastructure Private Limited ·
TRIF Kolkata Projects Private Limited ·
TRIF Mega Projects Private Limited ·
TRIL Logistics Private Limited (formerly TRIF
Modern Superstructures Private Limited) ·
TRIF Property Development Private Limited ·
TRIL Hospitality Private Limited (formerly TRIF
Realty Projects Private Limited) ·
TRIF Structures and Builders Private Limited ·
TRIF Trivandrum Projects Private Limited ·
TRIL Highway Projects Limited (formerly TRIL
Airport Developers Limited) ·
TRIL Constructions Limited ·
TRIL Developers Limited ·
TRIL Roads Private Limited (formerly Navinya
Buildcon Private Limited) ·
Poonamallee Logistics Private Limited (w.e.f.
23.03.2011) ·
HV Farms Private Limited (w.e.f. 25.04.2012) ·
Tata Asset Management Limited ·
Tata Asset Management (Mauritius) Private Limited ·
Tata Pension Management Limited ·
Tata International AG, Zug ·
Tata AG, Zug ·
TRIF Investment Management Limited ·
TRIF Investment Management Singapore Pte. Ltd
(w.e.f. 21.07.2011) ·
Tata Limited ·
Tata Consultancy Services Canada Inc. (formerly
Exegenix Canada Inc.) ·
Ardent Properties Private Limited (w.e.f.
31.03.2012) ·
Lemon Tree Land & Developers Private Limited (w.e.f.
09.05.2012) ·
Promont Hilltop Private Limited (w.e.f.
24.09.2012) ·
Landscape Structures Private Limited (ceased to
be a subsidiary of Tata Realty and Infrastructure Limited and became a
subsidiary of Tata ·
Housing Development Company Limited w.e.f. 03.10.2012) ·
World-One Development Pte. Limited (w.e.f.
17.12.2012) ·
Smart Value Homes (Boisar Project) Private
Limited (w.e.f. 19.03.2013) ·
Tata Consultancy Services Limited ·
APONLINE Limited ·
C-Edge Technologies Limited ·
CMC Americas Inc ·
CMC Limited ·
Diligenta Limited ·
TCS Financial Solutions Beijing Company Limited ·
MP Online Limited ·
PT Financial Network Services ·
PT Tata Consultancy Services Indonesia ·
Tata America International Corporation ·
Tata Consultancy Services (Africa) (PTY) Limited ·
Tata Consultancy Services (China) Company Limited ·
Tata Consultancy Services (Philippines) Inc. ·
Tata Consultancy Services (South Africa) (PTY)
Limited ·
Tata Consultancy Services (Thailand) Limited ·
Tata Consultancy Services Argentina S.A.
(Formerly TCS Argentina S.A.) ·
Tata Consultancy Services Asia Pacific Pte
Limited ·
Tata Consultancy Services Belgium SA ·
Tata Consultancy Services Chile S.A. (formerly
Tata Consultancy Services BPO Chile SA) ·
Tata South-East Asia Limited ·
Tata West Asia FZE ·
Tata Africa Holdings (SA) (Proprietary) Limited ·
Tata Africa Holdings (Ghana) Limited ·
TATA Africa Holdings (Kenya) Limited ·
Tata Consultancy Services De Espana S.A. ·
Tata Consultancy Services De Mexico S.A., De C.V. ·
Tata Consultancy Services Deutschland GmbH ·
Tata Consultancy Services Do Brasil Ltda (Formerly
Tata Consultancy Services Do Brasil S.A.) ·
Tata Consultancy Services France SAS (Formerly
TKS - Tecknosoft (France) SAS) ·
Tata Consultancy Services Japan Limited ·
Tata Consultancy Services Luxembourg S.A ·
Tata Consultancy Services Malaysia Sdn Bhd ·
Tata Consultancy Services Morocco SARL AU (in
process of being voluntarily liquidated) ·
Tata Consultancy Services Netherlands BV ·
Tata Consultancy Services Portugal Unipessoal
Limitada ·
Tata Consultancy Services Sverige AB ·
Tata Consultancy Services Switzerland Ltd. (Formerly
TKS - Tecknosoft S.A.) ·
Tata Information Technology (Shanghai) Company
Limited ·
TATA SOLUTION CENTER S.A ·
TCS e-Serve America, Inc ·
TCS e-Serve International Limited (Formerly CGSL
International Limited) ·
TCS e-Serve Limited (Formerly Citigroup Global Services
Limited) ·
TCS Financial Solutions Australia Holdings Pty
Limited (Formerly Financial Network Services (Holdings) Pty Limited) ·
TCS Financial Solutions Australia Pty Limited
(Formerly Financial Network Services Pty Limited) ·
TCS FNS Pty Limited ·
TCS Iberoamerica SA ·
TCS Inversiones Chile Limitada ·
TCS Italia SRL ·
TCS Management Pty Ltd. ·
TCS Solution Center S.A. ·
WTI Advanced Technology Limited ·
MGDC S.C. ·
TCS Uruguay S.A. ·
Tata Africa Holdings (Tanzania) Limited ·
Tata Africa Services (Nigeria) Limited ·
Tata Africa Steel Processors (Proprietary)
Limited ·
Tata Automobile Corporation (SA) (Proprietary)
Limited ·
Tata Namibia (Proprietary) limited ·
Tata Uganda Limited ·
Tata Zambia Limited ·
Pamodzi Hotels Plc ·
Tata Holdings Mocambique Limitada ·
Tata De Mocambique, Limitada ·
Cometal, S.A.R.L. ·
Blackwood Hodge Zimbabwe (Private) Limited ·
Tata Africa (Senegal) S.A.R.L. ·
TIL Leather Mauritius Limited ·
Bachi Shoes (India) Limited ·
Euro Shoe Components Limited ·
Tata International Trading Brasil Limitada
(w.e.f. 11.04.2011) ·
M?Pumalanga Mining Resources SA (w.e.f.
12.04.2011) ·
Move on Componentes e calcado, S.A. (w.e.f.
09.05.2011) ·
Calsea Footwear Private Limited (w.e.f.
09.05.2011) ·
Tata International Singapore Pte Limited (w.e.f.
01.11.2011) ·
MONROA PORTUGAL, COMÉRCIO E SERVIÇOS, UNIPESSOAL
LDA (w.e.f. 31.12.2011) ·
Move On Retail Spain, S.L. (w.e.f. 03.01.2012) ·
TAHL (Mauritius) Power Projects Limited (w.e.f.
27.02.2012) ·
TAHL (Mauritius) Mining Projects Limited (w.e.f.
27.02.2012) ·
Tata Africa (Cote DIvoire) SARL (w.e.f.
19.03.2012) ·
Tata International Metals (Asia) Limited
(formerly Tata Steel International (Hong Kong) Limited) (w.e.f. 19.11.2012) ·
Tata Steel International (North America) Limited
(w.e.f. 19.11.2012) ·
Tata Steel International (UK) Limited (w.e.f.
19.11.2012) ·
Tata Zimbabwe (Private) Limited ·
Diligenta 2 Limited (formerly Unisys Insurance
Services Limited) ·
MahaOnline Limited ·
MSCJV Investment Corporation ·
Retail FullServe Limited (Formerly known as
SuperValu Services India Private Limited) ·
CMC eBiz Inc (w.e.f. 27.01.2011) ·
Tata Consultancy Services Qatar S. S. C. (w.e.f.
20.12.2011) ·
Nippon TCS Solution Center Limited (w.e.f.
24.01.2012) ·
Tata Consultancy Services Osterreich GmbH (w.e.f.
09.03.2012) ·
Tata Consultancy Services Danmark ApS (w.e.f.
16.03.2012) ·
Computational Research Laboratories Limited
(w.e.f 16.08.2012 upto 30.09.2012) ·
Computational Research Laboratories Inc (w.e.f
16.08.2012) ·
Tata Sky Limited ·
ACTVE Digital Services Private Limited ·
Tata Trustee Company Limited (formerly Tata Trustee
Company Private Limited) ·
e-Nxt Financials Limited ·
Tata Industries Limited ·
Apex Investments (Mauritius) Holdings Private
Limited ·
Tata Advanced Materials Limited ·
Tata Interactive Systems GmbH ·
Tata Interactive Systems Limited, Zug ·
Tata Industrial Services Limited ·
Niskalp Infrastructure Services Limited (formerly
Niskalp Energy Limited) ·
India Emerging Companies Investment Limited ·
Inshaallah Investments Limited ·
Advinus Therapeutics Limited (formerly Advinus
Therapeutics Private Limited) ·
Advinus Therapeutics Inc. ·
Tata International Limited ·
Tata South East Asia (Cambodia) Limited (w.e.f.
19.03.2013) ·
Tata International (Australia) Proprietary
Limited (wound up w.e.f. 04.05.2011) ·
Light Source Manufacturers Limited (ceased to be
a subsidiary w.e.f. 19.03.2012 due to winding up) ·
Graziella Shoes Limited (merged with Tata
International Limited w.e.f. 01.04.2011) ·
Tata Autocomp Systems Limited ·
Tata Toyo Radiator Limited ·
TACO Holdings (Mauritius) Limited ·
Nanjing Tata Autocomp Systems Limited ·
Automotive Stampings and Assemblies Limited ·
TACO Kunststoffechnik GmbH (excluded from
consolidation by TACO from 01.07.2009) (under liquidation) ·
TACO Grundstuckverwaltungs GmbH (excluded from
consolidation by TACO from 01.07.2009) (under liquidation) ·
TACO Sasken Automotive Electronics Limited
(excluded from consolidation by TACO from 01.10.2010) (under liquidation) ·
TACO Engineering (UK) Limited (w.e.f. 17.01.2012) ·
Taco Composites Limited (formerly Automotive
Composite Systems (International) Limited) (w.e.f 1.9.2012) ·
Drive India Enterprise Solutions Limited ·
Tata Teleservices Limited (upto 26.03.2013)
(ceased to be a subsidiary and became an associate) ·
Tata Internet Services Limited (upto 26.03.2013) ·
MMP Mobi Wallet Payment Systems Limited (upto
26.03.2013) ·
VIOM Networks Limited (upto 26.03.2013) ·
VIOM Infra Networks (Maharashtra) Limited
(formerly 21st Century Infra Tele Limited) (upto 26.03.2013) ·
Tata Teleservices (Maharashtra) Limited (upto
26.03.2013) (ceased to be a subsidiary and became an associate) ·
Ewart Investment Private Limited (in the process
of winding up) |
|
|
|
|
Enterprises in
which a Key Managerial Personnel is having Significant Influence |
·
Cyrus Investments Private Limited ·
Sterling Investment Corporation Private Limited |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.1000/- each |
Rs.3000.000 Millions |
|
55000000 |
Preference Shares |
Rs.1000/- each |
Rs.55000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.58000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.146 Millions |
|
41491800 |
Preference Shares |
Rs.1000/- each |
Rs.41491.800 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.41895.946
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.1000/- each |
Rs.3000.000 Millions |
|
55000000 |
Preference Shares |
Rs.1000/- each |
Rs.55000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.58000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.100 Millions |
|
41196800 |
Preferences Shares |
Rs.1000/- each |
Rs. 41196.800 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.41600.900
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41,600.900 |
41,870.900 |
42,674.100 |
|
(b) Reserves & Surplus |
270,318.300 |
239,823.400 |
215,044.900 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
311,919.200 |
281,694.300 |
257,719.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
132,700.000 |
106,494.200 |
97,810.800 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
4.400 |
4.600 |
|
(c) Other long term
liabilities |
58.500 |
1,508.800 |
1,527.500 |
|
(d) long-term provisions |
581.500 |
478.700 |
455.800 |
|
Total
Non-current Liabilities (3) |
133,340.000 |
108,486.100 |
99,798.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
152.300 |
1,054.700 |
6,779.500 |
|
(b) Trade payables |
850.500 |
646.300 |
685.400 |
|
(c) Other current liabilities |
60,975.200 |
28,821.700 |
26,837.600 |
|
(d) Short-term provisions |
2,205.800 |
10,075.000 |
9,814.900 |
|
Total
Current Liabilities (4) |
64,183.800 |
40,597.700 |
44,117.400 |
|
|
|
|
|
|
TOTAL |
509,443.000 |
430,778.100 |
401,635.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1,072.800 |
539.000 |
277.700 |
|
(ii) Intangible Assets |
8.600 |
10.200 |
8.300 |
|
(iii) Capital work-in-progress |
0.000 |
547.000 |
806.300 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
419,426.600 |
395,199.400 |
370,655.000 |
|
(c) Deferred tax assets (net) |
16.400 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5,461.800 |
7,335.100 |
4,339.200 |
|
(e) Other Non-current assets |
1,530.000 |
0.000 |
301.800 |
|
Total
Non-Current Assets |
427,516.200 |
403,630.700 |
376,388.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4,340.900 |
127.500 |
158.500 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
3,716.100 |
4,026.600 |
3,691.000 |
|
(d) Cash and cash equivalents |
71,447.200 |
20,901.600 |
19,595.600 |
|
(e) Short-term loans and
advances |
341.400 |
514.900 |
285.400 |
|
(f) Other current assets |
2,081.200 |
1,576.800 |
1,516.300 |
|
Total
Current Assets |
81,926.800 |
27,147.400 |
25,246.800 |
|
|
|
|
|
|
TOTAL |
509,443.000 |
430,778.100 |
401,635.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
51,287.100 |
37,981.800 |
39,984.100 |
|
|
Other Income |
6,239.500 |
9,280.300 |
8,595.000 |
|
|
TOTAL
(A) |
57,526.600 |
47,262.100 |
48,579.100 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
869.400 |
595.200 |
530.500 |
|
|
Other expenses |
4,109.500 |
1,997.900 |
3,134.600 |
|
|
TOTAL
(B) |
4,978.900 |
2,593.100 |
3,665.100 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
52,547.700 |
44,669.000 |
44,914.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14,762.400 |
11,512.500 |
10,666.400 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37,785.300 |
33,156.500 |
34,247.600 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
70.700 |
56.200 |
31.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
37,714.600 |
33,100.300 |
34,215.800 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
579.200 |
1,637.300 |
1,746.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
37,135.400 |
31,463.000 |
32,469.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
83,455.000 |
69,311.000 |
71,810.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
64.55
|
66.57 |
66.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
73.54
|
82.84 |
85.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
41.90
|
94.49 |
114.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.12 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.42
|
0.38 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
0.67 |
0.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
42,674.100 |
41,870.900 |
41,600.900 |
|
Reserves & Surplus |
215,044.900 |
239,823.400 |
270,318.300 |
|
Net
worth |
257,719.000 |
281,694.300 |
311,919.200 |
|
|
|
|
|
|
long-term borrowings |
97,810.800 |
106,494.200 |
132,700.000 |
|
Short term borrowings |
6,779.500 |
1,054.700 |
152.300 |
|
Total
borrowings |
104,590.300 |
107,548.900 |
132,852.300 |
|
Debt/Equity
ratio |
0.406 |
0.382 |
0.426 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sale |
39,984.100 |
37,981.800 |
51,287.100 |
|
|
|
(5.008) |
35.031 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
39,984.100 |
37,981.800 |
51,287.100 |
|
Profit |
32,469.000 |
31,463.000 |
37,135.400 |
|
|
81.20% |
82.84% |
72.41% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current maturities of long-term debt |
35644.200 |
22666.600 |
21166.700 |
|
|
|
|
|
|
Total |
35644.200 |
22666.600 |
21166.700 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
CASE DETAILS BENCH: BOMBAY Presentation
Date:- 29.05.2013 |
|
Lodging No: ITXAL/821/2013 Filing Date:
29.05.2013 Reg. No.: ITXA/1242/2013 Reg. Date: 26.06.2013 |
|
Petitioner: THE COMMISSIONER OF INCOME TAX - 2 Respondent: M/S. TATA
SONS LIMITED Petn. Adv : SURESH KUMAR (0)
Resp. Adv. :- SRIHARI M. IYER (U/OBJ.) (0) District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: TAX APPEALS Last Date: 07.03.2014
Stage: Last Coram: ACCORDING TO SITTING LIST ACCORDING TO SITTING
LIST |
|
Act: Income Tax Act, 1961
UNDER SECTION: 260 A |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Non-convertible debentures |
104700.000 |
58683.400 |
|
Loan taken from bank |
0.000 |
5977.500 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Interoperate deposits |
120.500 |
720.500 |
|
Other loans and advances |
2.300 |
2.300 |
|
|
|
|
|
Total |
104822.800 |
65383.700 |
BACKGROUND
The Company has effective
from 3rd August, 2011, been granted registration as a Core Investment Company
(CIC) by the Reserve Bank of
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10457310 |
24/10/2013 |
56,000,000,000.00 |
Centbank Financial Services Limited |
15-16 Bajaj Bhawan, 1st Floor, Opp Inox Multiplex, Nariman Point,
Mumbai, Maharashtra - 400021, INDIA |
B88404959 |
|
2 |
10409601 |
18/02/2013 |
10,000,000,000.00 |
Centbank Financial Services Limited |
CENTRALBANK MMO BLDG6TH FLOOR 55 MAHATMA, GANDHI RD FORT, MUMBAI,
Maharashtra - 400023, INDIA |
B69930063 |
|
3 |
10298793 |
22/07/2011 |
5,000,000,000.00 |
Centbank Financial Services Limited |
CENTRALBANK MMO BLDG6TH FLOOR 55 MAHATMA, GANDHI RD FORT, MUMBAI,
Maharashtra - 400023, INDIA |
B17369190 |
|
4 |
10055690 |
24/05/2007 |
3,000,000,000.00 |
CENTRAL BANK OF INDIA |
MUMBAI MAIN OFFICE BUILDING, 6TH FLOOR, MAHATMA GANDHI ROAD, MUMBAI, Maharashtra
- 400001, INDIA |
A16313025 |
|
5 |
10055687 |
21/01/2014 * |
5,000,000,000.00 |
CENTRAL BANK OF INDIA |
DEBENTURE TRUSTEE SECTION, CENTRAL BANK BUILDING, 55, MAHATMA GANDHI
ROAD, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B95824116 |
* Date of charge modification
FIXED ASSETS
·
Land – Freehold
·
Land – Leasehold
·
Buildings – Freehold
·
Plant and Equipment
·
Furniture and Fixtures
·
Motor Vehicles
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 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.62.12 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.