MIRA INFORM REPORT

 

 

Report No. :

319933

Report Date :

29.04.2015

 

IDENTIFICATION DETAILS

 

Name :

TATA SONS LIMITED

 

 

Registered Office :

Bombay House No. 24, East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai – 400 001, Maharashtra

Tel. No.:

91-22-22049131 / 22821266 / 66658282

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

08.11.1917

 

 

Com. Reg. No.:

11-000478

 

 

Capital Investment / Paid-up Capital :

Rs.41895.900 Million

 

 

CIN No.:

[Company Identification No.]

U99999MH1917PLC000478

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMT07803F

 

 

PAN No.:

[Permanent Account No.]

AAACT4060A

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject undertakes Investment, Finance, Computer Consultancy, New Projects, Project Consultancy, Market Research and Surveys. It also undertakes Property Development.

 

 

No. of Employees :

Information denied by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (80)

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is a PART 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.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long term rating AAA

Rating Explanation

Highest degree of safety and carry lowest credit risk.

Date

23.01.2015

 

 

Rating Agency Name

CRISIL

Rating

Commercial paper A1+

Rating Explanation

Very strong degree of safety and lowest credit risk.

Date

23.01.2015

 

 

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 31-03-2014.

 

 

INFORMATION DENIED BY

 

Name :

Mr. N Kumar

Designation :

Account Manager

Contact No.:

91-22-66658282

Date :

28.04.2015

 

Name :

Mr. K R Bhagat

Designation :

Account Manager

Contact No.:

91-22-66658282

Date :

28.04.2015

 

 

LOCATIONS

 

Registered Office :

Bombay House No. 24, East Entrance, Opposite Nanavati Mahalaya, Homi Mody Street, Fort, Mumbai – 400 001, Maharashtra, India

Tel. No.:

91-22-22049131 / 22821266 / 66658282

Fax No.:

91-22-22048187 / 66658080

E-Mail :

fnsubedar@tata.com

kvmanoj@tata.com

info@tata.com

tcs_corpoffice@mumbai.tcs.co.in

tatasons@tata.com

kvmanoj@tata.com

tatsons@tata.com

Website :

http://www.tata.com

http://www.tcs.com

www.tata.co.in

 

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Mr. Cyrus Pallonji Mistry 

Designation :

Managing Director

Address :

Sterling Bay, 103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

04.07.1968

Date of Appointment :

10.08.2006

Passport No.:

P349742

PAN No :

AERPM9037N

Voter’s Identify No.:

MH/04/024/078725

DIN No :

00010178

 

 

Name :

Mr. Farrokh Kaikhushru Kavarana

Designation :

Director

Address :

CCI Chambers, 5th Floor, Dinshaw Vachha Road, Mumbai – 400 020, Maharashtra, India

Date of Birth/Age :

17.03.1944

Date of Appointment :

01.02.1991

Date of Cessation :

18.03.2014

DIN :

00027689

 

 

Name :

Mr. Ishaat Hussain

Designation :

Whole Time Director – Finance

Address :

Flat 222-A, 22nd Floor, NCPA Apartments, Tata Road, Nariman Point, Mumbai – 400 021, Maharashtra, India

Date of Birth/Age :

02.09.1947

Date of Appointment :

30.09.2013

DIN No :

00027891

 

 

Name :

Mr. Ramabadran Gopalakrishnan

Designation :

Whole Time  Director

Address :

101 Baug E Abbas, Capt Prakash Pethe Marg, 21-A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

25.12.1945

Date of Appointment :

29.07.2011

Voter’s Identify No.:

HHJ0784694

DIN No :

00027858

 

 

Name :

Mr. Vijay Singh

Designation :

Director

Address :

H No. 20, Poorvi Marg, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

13.07.1948

Date of Appointment :

30.09.2013

DIN No :

06610802

 

 

Name :

Mr. Nitin Nohria

Designation :

Director

Address :

2 Hampton Road, Lexington, United States Lexington - 024218038

Date of Birth/Age :

09.02.1962

Date of Appointment :

06.09.2013

DIN No :

01759558

 

 

KEY EXECUTIVES

 

Name :

Mr. Farokh Nariman Subedar

Designation :

Company Secretary

Address :

1, Wadia Building, Ground Floor, 6, Babulnath Road, Mumbai – 400 007, Maharashtra, India

Date of Birth/Age :

24.09.1955

Date of Appointment :

01.01.1996

Voter’s Identify No.:

MT/04/024/024859

PAN No :

AAGPS8433B

 

Name :

Mr. N Kumar

Designation :

Account Manager

 

Name :

Mr. K R Bhagat

Designation :

Account Manager

 

 

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

Bodies corporate

31.24

Directors or relatives of Directors

0.03

Other top fifty shareholders

68.73

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject undertakes Investment, Finance, Computer Consultancy, New Projects, Project Consultancy, Market Research and Surveys. It also undertakes Property Development.

 

 

Products / Services :

Item Code No. (ITC Code)

Product / Services Description

99717010

Services of holding equity of subsidiary companies

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS:  NOT AVAILABLE

 

 

 

 

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by the management

 

 

Bankers :
  • Central Bank of India, Debenture Trustee Section, Centre Bank Building, 55, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India
  • The Hongkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India
  • Standard Chartered Bank, 90 M.G. Road, Mumbai, Maharashtra, India
  • Bank of Baroda, Opera House Branch, 14 M.P. Marg, Mumbai, Maharashtra, India  

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Non-convertible debentures

[Equitable mortgage of specified properties and pledge of shares]

40495.000

28000.000

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from bank

[Secured by pledge of bank deposits]

90.300

29.500

 

 

 

Total

40585.300

28029.500

 

Banking Relations :

--

 

 

Financial Institution :

Centbank Financial Services Limited, 15-16 Bajaj Bhawan, 1st Floor, Opposite Inox Multiplex, Nariman Point, Mumbai – 400021, Maharashtra, India

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells LLP

Chartered Accountants

Address :

12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai – 400018 , Maharashtra, India

Tel. No. :

91-22-61854000

Fax No. :

91-22-61854501 / 4601

PAN No. :

AACFD4815A

 

 

Joint Venture :

  • AirAsia (India) Private Limited (w.e.f. 03.04.2013)
  • Taco Hendrickson Suspensions Private Limited
  • Tata Ficosa Automotive Systems Limited
  • Virgin Mobile India Private Limited (ceased w.e.f. 26.03.2013)
  • Strategic Energy Technology Systems Private Limited
  • Tata Yazaki AutoComp Limited (ceased w.e.f. 11.01.2013)
  • Tata Johnson Controls Automotive Limited (ceased w.e.f. 25.03.2013)

 

 

Associates :

  • Taj Air Limited
  • Tata Chemicals Limited
  • Tata Communications Limited
  • Tata Elxsi Limited
  • Tata Global Beverages Limited
  • Tata Motors Limited
  • Tata Steel Limited
  • Tata Teleservices (Maharashtra) Limited (ceased to be a subsidiary and is an associate w.e.f. 26.03.2013 to 09.08.2013 and then ceased to be an associate w.e.f. 10.08.2013)
  • Tata Teleservices Limited (ceased to be a subsidiary and is an associate w.e.f. 26.03.2013)
  • The Associated Building Company Limited
  • The Indian Hotels Company Limited
  • The Tata Power Company Limited
  • Trent Limited
  • Voltas Limited

 

 

Subsidiaries :

  • Acme Living Solutions Private Limited
  • ACTVE Digital Services Private Limited
  • Advinus Therapeutics Inc.
  • Advinus Therapeutics Limited
  • Ahinsa Realtors Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03 2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • Alliance Motors Ghana Limited (w.e.f. 13.11.2012)
  • Alti HR S.A.S. (w.e.f. 28.06.2013)
  • Alti Infrastructures Systemes and Reseaux S.A.S. (w.e.f. 28.06.2013)
  • Alti NV (w.e.f. 28.06.2013)
  • Alti S.A. (w.e.f. 28.06.2013)
  • Alti Switzerland S.A. (w.e.f. 28.06.2013)
  • Apex Investments (Mauritius) Holdings Private Limited
  • Apex Realty Private Limited
  • APOnline Limited
  • Ardent Properties Private Limited
  • Arrow Infraestate Private Limited
  • Aurora Integrated Systems Private Limited (w.e.f. 05.10.2012)
  • Automotive Skill Training Foundation (Section 25 company) (w.e.f 01.08.2013)
  • Automotive Stampings and Assemblies Limited
  • Bachi Shoes (India) Limited
  • Belida B.V.
  • Blackwood Hodge Zimbabwe (Private) Limited
  • Calsea Footwear Private Limited
  • C-Edge Technologies Limited
  • CMC Americas Inc
  • CMC eBiz Inc.
  • CMC Limited
  • Cometal, S.A.R.L.
  • Computational Research Laboratories Inc
  • Computational Research Laboratories Limited (amalgamated with Tata Consultancy Services Limited w.e.f. 01.10.2012)
  • Concept Marketing and Advertising Limited
  • Dian Energy B.V.
  • Diligenta 2 Limited
  • Diligenta Limited
  • Drive India Enterprise Solutions Limited
  • Ecofirst Services Limited (w.e.f. 18.01.2013)
  • e-Nxt Financials Limited
  • Euro Shoe Components Limited
  • Ewart Investment Private Limited (ceased w.e.f. 13.05.2013)
  • Ewart Investments Limited  U74999MH1922PLC001030
  • Gurgaon Construct Well Private Limited
  • Gurgaon Infratech Private Limited
  • Gurgaon Realtech Limited
  • HELA Systems Private Limited
  • HL Promoters Private Limited (w.e.f. 31.03.2014) (subsidiary for the period 08.11.2013 to 17.11.2013 and thereafter associate for the period 18.11.2013 to 30.03.2014)
  • HLT Residency Private Limited (w.e.f. 08.11.2013)
  • HV Farms Private Limited (w.e.f. 25.04.2012)
  • India Collections Management Private Limited (ceased to be an associate and became a subsidiary w.e.f. 14.06.2012)
  • India Emerging Companies Investment Limited
  • Indian Rotorcraft Limited
  • Industrial Steels Limited (w.e.f. 19.11.2012)
  • Infiniti Retail Limited U31900MH2005PLC158120
  • Infiniti Wholesale Limited (formerly Woolworths Wholesale India Private Limited) (w.e.f. 15.10.2012) (amalgamated with Infiniti Retail Limited
  • pursuant to the order dated 04.04.2014 of the Hon'ble High Court of Judicature at Mumbai Appointed Date: 01.04.2012 Effective date: 23.05.2014)
  • Inshaallah Investments Limited
  • Kolkata-One Excelton Private Limited (w.e.f. 08.11.2013)
  • Kriday Realty Private Limited
  • Landscape Structures Private Limited (acquired from Tata Realty and Infrastructure Limited w.e.f. 03.10.2012)
  • Landscape Structures Private Limited (sold to Tata Housing Development Company Limited on 03.10.2012)
  • Lemon Tree Land and Developers Private Limited (w.e.f. 09.05.2012)
  • M'Pumalanga Mining Resources SA
  • MahaOnline Limited
  • Merangin B.V.
  • Meruap B.V.
  • MGDC S.C.
  • MMP Mobi Wallet Payment Systems Limited (ceased w.e.f. 26.03.2013)
  • Monroa Portugal, Comercio E Services, Unipessoal LDA
  • Move on Componentes e calcado,S.A.
  • Move On Retail Spain, S.L.
  • MP Online Limited
  • MS CJV Investments Corporation
  • Nanjing Tata Autocomp Systems Limited
  • Nippon TCS Solution Center Limited
  • Niskalp Infrastructure Services Limited (formerly Niskalp Energy Limited)
  • North Bombay Real Estate Private Limited (w.e.f. 05.03.2014)
  • Nova Integrated Systems Limited
  • One-Colombo Project (Private) Limited (w.e.f. 12.12.2013)
  • Pamodzi Hotels Plc
  • Panatone Finvest Limited
  • Planaxis Technologies Inc (w.e.f. 28.06.2013)
  • Poonamallee Logistics Private Limited
  • Promont Hillside Private Limited
  • Promont Hilltop Private Limited (w.e.f. 24.09.2012)
  • PT Financial Network Services
  • PT Tata Consultancy Services Indonesia
  • Retail Fullserve Limited (Amalgamated with Tata Consultancy Services Limited pursuant to the order dated 22.03.2013 of the Hon'ble High Court of Judicature at Bombay. Effective Date. 01.04.2013. Appointed Date; 01.04.2012)
  • Simto investment Company Limited (w.e.f. 31.08.2012)
  • Smart Value Homes (Boisar) Private Limited (formerly known as Niyati Sales Private Limited) (w.e.f. 30.04.2013)
  • Smart Value Homes (New Project) Private Limited (w.e.f. 07.05.2013)
  • Smart Value Homes (Peenya Project) Priyate Limited (w.e.f. 19.03.2013) (formerly Smart Value Homes (Boisar Project) Private Limited)
  • T Sec Commodities Broking Limited (merged into Tata Securities Limited with effect from the appointed date 01.04.2013, pursuant to the Scheme of Arrangement sanctioned by the High Court of Judicature at Bombay vide its order dated 07.03.2014)
  • Taco Composites Limited (Pursuant to the scheme of amalgamation, approved by the High Court of Judicature at Bombay, vide its Order dated 03.08.2012. merged with Tata Autocomp Systems Limited w.e.f. 01.04.2011, the appointed date as per the approved scheme)
  • TACO Engineering (UK) Limited
  • TACO Engineering Services GmbH (w.e.f. 13.08.2013)
  • TACO Grundstuckverwaltungs GmbH (excluded from consolidation by TACO from 01.07.2009) (under liquidation)
  • TACO Holdings (Mauritius) Limited
  • TACO Kunststoffechnik 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)
  • TAH Pharmaceuticals Limited
  • TAHL (Mauritius) Mining Projects Limited
  • TAHL (Mauritius) Power Projects Limited
  • Tara Aerospace Systems Limited
  • TAS-AGT Systems Limited (formerly AVANA Integrated Systems Limited)
  • TASL Aerostructures Private Limited
  • Tata Advanced Materials Limited
  • Tata Advanced Systems Limited
  • Tata Africa (Cote D'lvoire) SARL
  • Tata Africa (Senegal) S.A.R.L.
  • Tata Africa Holdings (Ghana) Limited
  • TATA Africa Holdings (Kenya) Limited
  • Tata Africa Holdings (SA) (Proprietary) Limited
  • Tata Africa Holdings (Tanzania) Limited
  • Tata Africa Services (Nigeria) Limited
  • Tata Africa Steel Processors (Proprietary) Limited
  • Tata AG, Zug
  • Tata AIA Life Insurance Company Limited
  • Tata AIG General Insurance Company Limited
  • Tata America International Corporation
  • Tata Asset Management (Mauritius) Private Limited
  • Tata Asset Management Limited
  • Tata Autocomp Systems Limited
  • Tata Automobile Corporation (SA) (Proprietary) Limited
  • Tata Business Support Services Limited
  • Tata Capital Advisors Pte. Limited
  • Tata Capital Financial Services Limited
  • Tata Capital Forex Limited (formerly TT Holdings and Services Limited) [U65921MH2006PLC238745]
  • TATA Capital General Partners LLP
  • Tata Capital Growth Fund I
  • TATA Capital Healthcare General Partners LLP
  • Tata Capital Housing Finance Limited
  • Tata Capital Limited [U65990MH1991PLC060670]
  • Tata Capital Markets Pte. Limited
  • Tata Capital Plc
  • Tata Capital Pte. Limited
  • Tata Cleantech Capital Limited
  • 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.
  • Tata Consultancy Services Asia Pacific Pte Limited
  • Tata Consultancy Services Belgium S.A.
  • Tata Consultancy Services Canada Inc.
  • Tata Consultancy Services Chile S.A.
  • Tata Consultancy Services Danmark ApS
  • 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
  • Tata Consultancy Services France SAS
  • Tata Consultancy Services Japan Limited
  • Tata Consultancy Services 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 Osterreich GmbH
  • Tata Consultancy Services Portugal Unipessoal Limitada
  • Tata Consultancy Services Qatar S. S. C.
  • Tata Consultancy Services Sverige AB
  • Tata Consultancy Services Switzerland Limited
  • Tata Consulting Engineers Limited [U74210MH1999PLC123010]
  • Tata De Mocambique, Limitada
  • Tata Holdings Mocambique Limitada
  • Tata Housing Development Company Limited
  • Tata Industrial Services Limited
  • Tata Industries Limited
  • Tata Information Technology (Shanghai) Company Limited (amalgamated with Tata Consultancy Services (China) Co., Ltd. w.e.f. 05.11.2013)
  • Tata Infrastructure Capital Limited
  • Tata Interactive Systems AG
  • Tata Interactive Systems GmbH
  • Tata International AG, Zug
  • Tata International Limited
  • Tata International Metals (Asia) Limited (formerly Tata Steel International (Hong Kong) Limited) (w.e.f. 19.11.2012)
  • Tata International Singapore Pte Limited
  • Tata International Trading Brasil Limitada
  • Tata internet Services Limited (upto 26.03.2013)
  • Tata Investment Corporation Limited L67200MH1937PLC002622
  • Tata Limited
  • Tata Lockheed Martin Aerostructures Limited (formerly Tata Aerostructures Limited)
  • Tata Namibia (Proprietary) Limited (de-registered w.e.f. 16.08.2013)
  • TATA Opportunities General Partners LLP
  • Tata Pension Management Limited
  • Tata Petrodyne Limited
  • Tata Realty and infrastructure Limited
  • Tata Securities Limited U67120MH1994PLC080918
  • Tata SIA Airlines Limited (w.e.f. 02.12.2013)
  • Tata Sky Limited
  • Tata South East Asia (Cambodia ) Limited (w.e.f. 19.03.2013)
  • Tata South-East Asia Limited
  • Tata Steel International (North America) Limited (w.e.f. 19.11.2012)
  • Tata Steel International (UK) Limited (w.e.f. 19.11.2012)
  • Tata Teleservices (Maharashtra) Limited (ceased to be a subsidiary and is an associate w.e.f. 26.03.2013)
  • Tata Teleservices Limited (ceased to be a subsidiary and is an associate w.e.f. 26.03.2013)
  • Tata Toyo Radiator Limited
  • Tata Trustee Company Limited
  • Tata Uganda Limited
  • Tata Value Homes Limited (formerly Smart Value Homes Limited)
  • Tata West Asia FZE
  • Tata Zambia Limited
  • Tata Zimbabwe (Private) Limited
  • TATA Solution Center S.A.
  • TBSS Healthcare TPA Services Limited
  • TC Travel And Services Limited U63040MH2008PLC187559
  • TCE QSTP-LLC
  • TCS e-Serve America, Inc
  • TCS e-Serve international Limited (SEZ Undertaking of the Company demerged to Tata Consultancy Services Limited pursuant to the order dated 06.09.2013 of the Hon'ble High Court of Judicature at Bombay. Effective Date: 01.10.2013. Appointed Date: 01.04.2013)
  • TCS e-Serve Limited (Amalgamated with Tata Consultancy Services Limited pursuant to the order dated 06.09.2013 of the Hon'ble High Court of Judicature at Bombay. Effective Date: 01.10.2013. Appointed Date: 01.04.2013)
  • TCS Financial Solutions Australia Holdings Pty Limited
  • TCS Financial Solutions Australia Pty Limited
  • TCS Financial Solutions (Beijing) Company Limited
  • TCS FNS Pty Limited
  • TCS Iberoamerica SA
  • TCS Inversiones Chile Limitada
  • TCS Italia SRL
  • TCS Management Pty Limited
  • TCS Solution Center S.A.
  • TCS Uruguay S.A.
  • Teamlink (w.e.f. 28.06.2013)
  • TESCOM (France) Software Systems Testing S.A.R.L. (w.e.f. 28.06.2013)
  • THDC Facility Management Limited
  • TIL Leather Mauritius Limited
  • TRIF Gandhinagar Projects Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIF Gurgaon Housing Projects Private Limited
  • TRIP Hyderabad Projects Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIP Infrastructure Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIP investment Management Limited
  • TRIF Investment Management Singapore Pte. Limited (ceased w.e.f. 31.03.2014) (application for striking off the Company has been filed with Accounting and Corporate Regulatory Authority, Singapore)
  • TRIF Kolkata Projects Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIP Mega Projects Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIF Property Development Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of judicature at Bombay Appointed Date: 01.04.2013)
  • TRIF Structures and Builders Private Limited
  • TRIF Trivandrum Projects Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIL Constructions Limited
  • TRIL Developers Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIL Highway Projects Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIL Hospitality Private Limited (formerly TRIF Realty Projects Private Limited)
  • TRIL Logistics Private Limited (amalgamated with Tata Realty and Infrastructure Limited pursuant to the order dated 21.03.2014 of the Hon'ble High Court of Judicature at Bombay Appointed Date: 01.04.2013)
  • TRIL Roads Private Limited
  • TRIL Urban Transport Private Limited (formerly Pioneer Infratech Private Limited)
  • TS Investments Limited
  • VIOM Infra Networks (Maharashtra) Limited (ceased w.e.f. 26.03.2013)
  • VIOM Networks Limited (ceased w.e.f. 26.03.2013)
  • World-One (Sri Lanka) Projects Pte. Ltd.(w.e.f. 25.07.2013)
  • World-One Development Pte. Limited (w.e.f. 17.12.2012)
  • WTI Advanced Technology Limited

 

 

Enterprises in which a Key Managerial Personnel is having Significant Influence
  • Cyrus Investments Private Limited
  • Sterling Investment Corporation Private Limited

 

 

Investing Parties :
  • Sir Dorabji Tata Trust
  • Sir Ratan Tata Trust

 

 

CAPITAL STRUCTURE

 

AS ON 09.07.2014

 

Authorised Capital : Rs.58000.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs.42054.346 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3000000

Equity Shares

Rs.1000/- each

Rs.3000.000 Million

55000000

Preference Shares

Rs.1000/- each

Rs.55000.000 Million

 

 

 

 

 

Total

 

Rs.58000.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

404146

Equity Shares

Rs.1000/- each

Rs.404.100 Million

41491800

Preferences Shares

Rs.1000/- each

Rs. 41491.800 Million

 

 

 

 

 

Total

 

Rs. 41895.900 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

41895.900

41600.900

41870.900

(b) Reserves & Surplus

294214.800

270318.300

239823.400

(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)

336110.700

311919.200

281694.300

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

145055.500

132700.000

106494.200

(b) Deferred tax liabilities (Net)

0.000

0.000

4.400

(c) Other long term liabilities

94.800

58.500

1508.800

(d) long-term provisions

526.500

581.500

478.700

Total Non-current Liabilities (3)

145676.800

133340.000

108486.100

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

213.500

152.300

1054.700

(b) Trade payables

957.300

857.400

646.300

(c) Other current liabilities

32112.000

60968.300

28821.700

(d) Short-term provisions

9040.200

2205.800

10075.000

Total Current Liabilities (4)

42323.000

64183.800

40597.700

 

 

 

 

TOTAL

524110.500

509443.000

430778.100

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1062.500

1,072.800

539.000

(ii) Intangible Assets

17.800

8.600

10.200

(iii) Capital work-in-progress

0.000

0.000

547.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

449319.900

419426.600

395199.400

(c) Deferred tax assets (net)

46.800

16.400

0.000

(d)  Long-term Loan and Advances

5123.200

5476.000

7335.100

(e) Other Non-current assets

771.200

1530.000

0.000

Total Non-Current Assets

456341.400

427530.400

403630.700

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

4749.700

4340.900

127.500

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

5375.100

3716.100

4026.600

(d) Cash and cash equivalents

55996.000

71447.200

20901.600

(e) Short-term loans and advances

385.300

327.200

514.900

(f) Other current assets

1263.000

2081.200

1576.800

Total Current Assets

67769.100

81912.600

27147.400

 

 

 

 

TOTAL

524110.500

509443.000

430778.100

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue from operations

48583.100

51287.100

37981.800

 

Other Income

5708.800

6239.500

9280.300

 

TOTAL (A)

54291.900

57526.600

47262.100

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

1123.800

869.400

595.200

 

Other expenses

6972.900

4109.500

1997.900

 

TOTAL (B)

8096.700

4978.900

2593.100

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

46195.200

52547.700

44669.000

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

15340.600

14762.400

11512.500

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

30854.600

37785.300

33156.500

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

53.300

70.700

56.200

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

30801.300

37714.600

33100.300

 

 

 

 

 

Less

TAX (H)

269.600

579.200

1,637.300

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

30531.700

37135.400

31463.000

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

67853.000

72853.100

63674.600

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Dividend - Preference Shares

3402.000

3407.300

3451.300

 

Dividend - Ordinary Shares

3233.200

3233.200

3233.200

 

Special Reserve

6110.000

7430.000

6300.000

 

General Reserve

3100.000

3800.000

3250.000

 

Capital Redemption Reserve

435.000

435.000

700.000

 

Debenture Redemption Reserve

0.000

23830.000

5350.000

 

Balance Carried to the B/S

82104.500

67853.000

72853.100

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Earnings on royalty, know-how, professional and consultation fees

1650.400

862.500

872.600

 

Other income

33.300

42.200

1551.100

 

TOTAL EARNINGS

1683.700

904.700

2423.700

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

67128.000

83455.000

69311.000

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin
(PAT / Sales)

(%)

62.84

72.41

82.84

 

 

 

 

 

Operating Profit Margin
(PBIDT/Sales)

(%)

95.01

102.39

117.61

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

41.21

41.91

94.49

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.09

0.12

0.12

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.43

0.43

0.38

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.60

1.28

0.67

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

41870.900

41600.900

41895.900

Reserves & Surplus

239823.400

270318.300

294214.800

Share Application money pending allotment

0.000

0.000

0.000

Net worth

281694.300

311919.200

336110.700

 

 

 

 

long-term borrowings

106494.200

132700.000

145055.500

Short term borrowings

1054.700

152.300

213.500

Total borrowings

107548.900

132852.300

145269.000

Debt/Equity ratio

0.382

0.426

0.432

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from operations

37981.800

51287.100

48583.100

 

 

35.031

(5.272)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from operations

37981.800

51287.100

48583.100

Profit/(Loss) After Tax

31463.000

37135.400

30531.700

 

82.84%

72.41%

62.84%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

CURRENT MATURITIES OF LONG-TERM BORROWINGS

 

Particulars

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

31.03.2012

(Rs. In Million)

 

 

 

 

Current Maturities of Long-term Borrowings

23450.000

35644.200

22666.600

 

 

 

 

Total

23450.000

35644.200

22666.600

 

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

Yes

10]

Designation of contact person

Yes

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:- 01.08.2014

 

Lodging No: ITXAL/1440/2014    Filing Date: 01.08.2014

Reg. No.: ITXA/1830/2014     Reg. Date : 20.12.2014

Petitioner: THE COMMISSIONER OF INCOME TAX - 2                Respondent: M/S. TATA SONS LIMITED

 

Petn. Adv : SURESH KUMAR (I2100)                                             Resp. Adv.: SRIHARI M IYER (I3593)

 

District: MUMBAI

 

Bench: DIVISION

 

Status: Pre-Admission                                                       Category: TAX APPEALS

 

Last Date: 20.11.2014                                                      Stage: FOR REJECTION [ORIGINAL SIDE MATTERS]

 

Last Coram: REGISTRAR(OS)/ PROTHONOTARY AND SR. MASTER

 

 

Act: Income Tax Act, 1961        UNDER SECTION: 260 A

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Non-convertible debentures

95250.000

104700.000

Loan taken from bank

9310.500

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

0.400

0.000

Interoperate deposits

120.500

120.500

Other loans and advances

2.300

2.300

 

 

 

Total

104683.700

104822.800

 

 

PERFORMANCE:

 

The income of the Company during the financial year 2013-14 amounted to Rs. 54291.900 Million (Previous Year: Rs. 57526.600 Million) which included dividend earned from its investments amounting to Rs. 43871.900 Million (Previous Year: Rs. 46697.500 Million) and Brand Equity subscriptions of Rs. 4532.900 Million (Previous Year: Rs. 3656.900 Million).

 

The dividend income is primarily utilised to augment the resources of the Company to make long term investments in promoted companies. Investments of the Company, as at March 31, 2014 stood at Rs. 454069.600 Million as compared to Rs. 423767.500 Million as at March 31, 2013.

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10555387

23/02/2015

260,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BUILDING, GROUND FLOOR, BALLARD ESTATE, MUMB 
AI, MAHARASHTRA - 400005, INDIA

C46857033

2

10545509

17/09/2014 *

2,450,000.00

BNP PARIBAS

FRENCH BANK BUILDING, 62, HOMJI STREET, FORT,, MUM 
BAI, MAHARASHTRA - 400001, INDIA

C42451732

3

10457310

20/01/2015 *

56,000,000,000.00

CENTBANK FINANCIAL SERVICES LIMITED

CENTRAL BANK OF INDIA-MMO BLDG, 3RD FLR (EAST),, 
55 MAHATMA GANDHI ROAD, FORT,, MUMBAI, MAHARASHTRA 
- 400001, INDIA

C43268440

4

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

5

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

6

10055690

24/05/2007

3,000,000,000.00

CENTRAL BANK OF INDIA

MUMBAI MAIN OFFICE BUILDING, 6TH FLOOR, MAHATMA G 
ANDHI ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA

A16313025

 

* 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, 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 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.63.33

UK Pound

1

Rs.96.52

Euro

1

Rs.68.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis
done by :

KAR

 

 

Report Prepared by :

SNT

 

 

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

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

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

80

 

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

 

--

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.