MIRA INFORM REPORT
|
Report No. : |
347280 |
|
Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA SONS
LIMITED (w.e.f. 19.03.2015) |
|
|
|
|
Formerly known
as : |
TRUSTEESHIP SERVICES LIMITED |
|
|
|
|
Registered
Office : |
Bombay House, 24, Homi Mody Street, Mumbai – 400001, Maharashtra |
|
Tel No : |
91-22-66658282 |
|
|
|
|
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. 42109.346 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1917PLC000478 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMT07803F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject act as a promoter and investor of the major operating Tata companies and holds significant shareholdings in these companies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa (86) |
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was founded in 1917 by the Tata Group’s founder, Shri J N
Tata, is the principal holding company for the Tata group and owner of the
Tata brand and associated Tata trademark. It is an old, well-established and
reputed company of Tata Group having excellent track record. Financial position of the company is strong. Overall fundamentals of
the company is sound and healthy. Performance capability is very high.
Further, it also continues to enjoy strong liquidity profile supported by
adequate cash reserves. The rating also takes into consideration that subject being the
principal holding company, has been participating in supporting the
fund-raising programmes of some of its investee companies. These investments
are being funded by mix of dividend, interest income, stake sale in investee
companies and external borrowing. Trade relations are praiseworthy. Business is active. Payments are
reported to be regular and as per commitments. In view of promising business partner in a long-run, the company can
be considered good for any 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 |
ICRA RATING |
|
Rating |
Non-Convertible Debenture Programme = AAA (Withdrawn) |
|
Rating Explanation |
Have highest degree of safety and carry lowest credit risk |
|
Date |
September 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
31-03-2015.
INFORMATION DENIED
Management non co-operative (91-22-66658282)
LOCATIONS
|
Registered Office : |
Bombay House, 24, Homi Mody Street, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-66658282 |
|
Fax No.: |
91-22-66658080 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on : 09.07.2014
|
Name : |
Mr.
Cyrus Pallonji Mistry |
|
Designation : |
Director
|
|
Address : |
|
|
Date of Birth/Age : |
04.07.1968 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00010178 |
|
Passport No.: |
P349742 |
|
Income-tax Pan : |
AERPM9037N |
|
Voter’s Identify No.: |
MH/04/024/078725 |
|
Email: |
|
|
|
|
|
Name : |
Mr.
Ramabadran Gopalakrishnan |
|
Designation : |
Director |
|
Address : |
101 Baug
E Abbas, Capt Prakash Pethe Marg, 21-A, Cuffe Parade, Mumbai – 400 005, |
|
Date of Birth/Age : |
25.12.1945 |
|
Date of Appointment : |
29.07.2011 |
|
Election Commission ID No : |
HHJ0784694 |
|
DIN No.: |
00027858 |
|
|
|
|
Name : |
Mr.
Ishaat Raysat Hussain |
|
Designation : |
Director |
|
Address : |
222-A,
22nd Floor, NCPA Apartments, |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00027891 |
|
|
|
|
Name : |
Mr. Vijay Lallan 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 Kewal Nohria |
|
Designation : |
Director |
|
Address : |
2 Hampton Road, Lexington 024218038, United States, Lexington -
024218038 |
|
Date of Birth/Age : |
09.02.1962 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
01759558 |
|
|
|
|
Name : |
Mr. Ranendra Sen |
|
Designation : |
Director |
|
Address : |
A-42, Ifs Apartment,, Mayur Vihar, Ph-1, Delhi - 110091, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
03043868 |
|
|
|
|
Name : |
Mr. Farida Dara Khambata |
|
Designation : |
Director |
|
Address : |
3224 R Street N.W., Washington D.C., Washington, 20007, United States Of America |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
06954123 |
KEY EXECUTIVES
|
Name : |
Mr. Farokh
Nariman Subedar |
|
Designation : |
Company Secretary
/ Chief Executive Officer |
|
Address : |
1, |
|
Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
01.01.1996 |
|
Email: |
|
|
Election Commission ID No: |
MT/04/024/024859 |
|
PAN No : |
AAGPS8433B |
|
|
|
|
Name : |
Mr. Cyrus
Pallonji Mistry |
|
Designation : |
Executive
Chairman |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 09.07.2015
|
Names of Shareholders |
|
No. of Shares |
|
The Trustees M K |
|
2421 |
|
Mistry Shapoor
Pallon |
|
108 |
|
Sterling
Investment Corporation Limited, |
|
37122 |
|
Cyrus Investments
Limited, |
|
37122 |
|
Tata Naval Ratan |
|
3368 |
|
HH Mah Virendra
Singh n Chauhan of Chhota Udepur |
|
1 |
|
Tata Investment
Corporation Limited, |
|
326 |
|
Tata Naval Simone |
|
2011 |
|
Tata Naval Jimmy |
|
3262 |
|
Tata Naval Noel |
|
2055 |
|
The Trustees Sir
Dorab Tata Trust, |
|
113067 |
|
The Trustees Sir
Ratan Tata Trust, |
|
95211 |
|
The Trustees
Sarvajanik |
|
396 |
|
The Trustees R D |
|
8838 |
|
The Trustees Tata
Education |
|
15075 |
|
The Trustees Tata
Social Welfare Trust, |
|
15075 |
|
The Trustees J R
D |
|
16200 |
|
Tata Minocher
Piloo |
|
487 |
|
Choksey Farhad
Vera |
|
157 |
|
Tata Minocher
Jimmy |
|
157 |
|
Tata Motors
Limited, |
|
12375 |
|
Tata Power
Company Limited, India |
|
6673 |
|
Tata Global
Beverages Limited, India |
|
1755 |
|
The Indian Hotels
Company Limited, India |
|
4500 |
|
Tata Industries
Limited, India |
|
2295 |
|
Tata Chemicals
Limited, India |
|
10237 |
|
Tata Steel
Limited |
|
12375 |
|
Tata
International Limited, India |
|
1477 |
|
Total |
|
404146 |
|
Names of Shareholders |
No. of Preferences Shares |
|
Tata Naval Ratan |
780000 |
|
Soonawala Adi
Noshir |
380200 |
|
Tata Naval Simone
|
15000 |
|
Gandhi Ramanlal
Arunkumar |
20000 |
|
Kant Rajni Ravi |
61600 |
|
Irani Jiji
Jamshed |
50000 |
|
Kadle Purushuttam
Praveen |
10000 |
|
Farrokh
Kaikhushru Kavarana |
20000 |
|
Ramabadran
Gopalakrishnan |
70000 |
|
Jamsetji Tata
Trust |
24500000 |
|
Navajbai Ratan |
15015000 |
|
Ishaat Hussain Shazmeen Hussain |
75000 |
|
Tata Noel Aloo |
150000 |
|
S. Ramadorai |
10000 |
|
Gupta Syamal |
10000 |
|
Ashok Soni |
25000 |
|
Subendar Nariman Farokh |
20000 |
|
Narotam S. Sekhsaria |
250000 |
|
Caukar Kishor |
5000 |
|
Mistry Pallonji Cyrus |
10000 |
|
Setna Jamshed Fareeda |
5000 |
|
Vasani Damodar Bharat |
5000 |
|
Setutaman Mahalingam |
5000 |
|
|
41491800 |
As on : 09.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
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 act as a promoter and investor of the major operating Tata companies and holds significant shareholdings in these companies. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
||||||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai – 400018, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on : 09.07.2014
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 Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.146
Million |
|
14805000 |
Preference Shares |
Rs.1000/- each |
Rs.14805.000
Million |
|
|
Total |
|
Rs.15209.146
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
404146 |
Equity Shares |
Rs.1000/- each |
Rs.404.146
Million |
|
41491800 |
Preference Shares |
Rs.1000/- each |
Rs.41491.800
Million |
|
|
Total |
|
Rs.41895.946
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 |
1072.800 |
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
(I) |
269.600 |
579.200 |
1637.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
30531.700 |
37135.400 |
31463.000 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1683.700 |
904.700 |
2637.000 |
|
|
TOTAL
EARNINGS |
1683.700 |
904.700 |
2637.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
67.13 |
83.46 |
69.31 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
23450.000 |
35644.200 |
22666.600 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
4363.300 |
6349.800 |
2912.400 |
|
Net cash flow from operating activity |
49889.600 |
50321.700 |
34013.000 |
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 (PBDIT / Sales) |
(%) |
95.08 |
102.46 |
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) |
|
0.50 |
0.54 |
0.46 |
|
|
|
|
|
|
|
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 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
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 |
|
Current Maturities Of
Long-Term Debts |
22666.600 |
35644.200 |
23450.000 |
|
Total
borrowings |
130215.500 |
168496.500 |
168719.000 |
|
Debt/Equity
ratio |
0.462 |
0.540 |
0.502 |
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) |
|
Sales |
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) |
|
Sales |
37981.800 |
51287.100 |
48583.100 |
|
Profit |
31463.000 |
37135.400 |
30531.700 |
|
|
82.84% |
72.41% |
62.84% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
CASE DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date:- 01.08.2014 |
|||||||
|
Lodging No:- |
ITXAL/1444/2014 |
Failing Date:- |
01.08.2014 |
Reg. No.:- |
ITXA/1830/2014 |
Reg. Date:- |
20.12.2014 |
|
|
|||||||
|
Petitioner:- |
COMMISSIONER OF INCOME TAX – 2 - |
Respondent:- |
M/S.TATA SONS LIMITED |
||||
|
Petn.Adv:- |
SURESH KUMAR (I12100) |
Resp. Adv.: |
SRIKARI M. IYER (I3593) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
||||||
|
Status:- |
Pre-Admission |
Category: |
TAX APPEALS |
||||
|
Last Date : |
2710.2015 |
Stage:- |
FOR REJECTION (ORIGINAL SIDE MATTERS) |
||||
|
Last Coram:- |
REGISTRAR (OS)/PROTHONOTARY AND SR, MASTER |
||||||
|
Act:- |
Income Tax Act, 1961 |
Under Section :- |
260A |
||||
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.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Non-convertible debentures others |
95250.000 |
104700.000 |
|
Term loans from banks |
9310.500 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
123.200 |
122.800 |
|
Total |
104683.700 |
104822.800 |
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, Mumbai- 400005,
Maharashtra INDIA |
C46857033 |
|
2 |
10545509 |
17/09/2014 * |
2,450,000.00 |
BNP Paribas |
French Bank Building, 62, Homji Street, Fort,, Mumbai- 400001,
Maharashtra 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- 400001, Maharashtra, INDIA |
C43268440 |
|
4 |
10409601 |
18/02/2013 |
10,000,000,000.00 |
Centbank Financial Services Limited |
CENTRALBANK MMO BLDG6TH FLOOR 55 MAHATMA, GANDHI |
B69930063 |
|
5 |
10298793 |
22/07/2011 |
5,000,000,000.00 |
Centbank Financial Services Limited |
CENTRALBANK MMO BLDG6TH FLOOR 55 MAHATMA, GANDHI |
B17369190 |
|
6 |
10055690 |
24/05/2007 |
3,000,000,000.00 |
CENTRAL BANK OF INDIA |
MUMBAI MAIN OFFICE BUILDING, 6TH FLOOR, MAHATMA G |
A16313025 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
33.200 |
31.300 |
|
Guarantees |
11156.900 |
9922.200 |
|
Other money for which company is contingently liable |
14439.100 |
12960.800 |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Motor
Vehicles
- Office
equipment
- Computers
equipment
- Leasehold improvement
TATA GROUP TO ENHANCE
PRESENCE IN DEFENCE AND AEROSPACE
The group expects revenues of over Rs25 billion in FY2015 from its defence and aerospace business
The Tata group is poised to take its presence in the defence and aerospace sector to a new plane, with revenues from the sector expected to cross Rs25000.000 Million (USD$ 400 million) in the 2014-15 financial year. At a media interaction ahead of Aero India 2015 in Bengaluru, the group unveiled its plans for the sector, including the investments and efforts that Tata companies have made in defence and aerospace, and the potential for growth ahead.
It may be pointed out that, at the Annual Group Leadership Conference held in July 2014, Chairman Cyrus P Mistry had identified defence and aerospace as one of the four key clusters with significant growth opportunities for the Tata group.
Currently, 14 Tata companies operate in this sector: Tata Power Strategic Electronics Division (SED), Tata Advanced Systems, TAL Manufacturing Solutions, Tata Technologies, Tata Motors, Tata Advanced Materials, Tata Consultancy Services, Tata Steel UK, Tata Elxsi, Titan Company (Precision Engineering Division), Avana Integrated Systems, Nova Integrated Systems, CMC and Tata Industrial Services. Several of these companies work collaboratively to provide convergent defence solutions and, thus, meet multiple requirements of their customers.
“Private sector involvement in the defence and aerospace sector is clearly a critical need for India today. The Indian private sector still contributes relatively little to India’s total defence spend, significantly less than what is seen in many countries that have similar or bigger defence spends. There is thus great scope to increase the contribution of private players in the sector in India,” said Dr. Mukund Rajan, brand custodian and member, Group Executive Council, Tata Sons. Tata companies had invested over Rs320 crore (over US$50 million) in the defence and aerospace sector in 2013-14. The current order book size of the Tata group in the sector is in excess of Rs100000.000 Million (over US$1.6 billion), he added.
Dr. Rajan also revealed how Tata companies have enhanced their manufacturing processes and capabilities by acquiring global standards and certifications. “In our manufacturing endeavours, we have achieved the necessary global certification standards, and successfully passed several audits by federal authorities and OEMs including the Federal Aviation Administration (FAA) and the Defense Contracts Management Agency (DCMA) and Boeing. Equally, we have contributed significantly to building the capability of a number of Indian MSMEs, equipping them with the skills and access to become a part of the global supply chain.”
The Tata group has had a long association with the Indian aerospace sector dating back to the year 1932 when Tata Airlines was launched by former Chairman JRD Tata. This involvement has continued over the years and Tata companies have built a substantial presence by addressing the country’s needs in the defence and aerospace sector, and becoming a supplier to global partners.
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.65.04 |
|
|
1 |
Rs.99.58 |
|
Euro |
1 |
Rs.71.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
10 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
10 |
|
--LEVERAGE |
1~10 |
10 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
10 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
86 |
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.