149
(
`
in crores)
Number
Face value
per unit
Description
As at
March 31, 2014
As at
March 31, 2013
I.
Long-term investments (at cost) (contd.)
Brought forward
18,298.49
18,253.90
(B)
Other investments
Fully paid Equity shares (unquoted)
50,000
10
NICCO Jubilee Park Ltd.
0.05
0.05
18,298.54
18,253.95
Less : Provision for Diminution other than temporary
in value of long term investments
55.97
99.06
II.
Advance towards investments
Tata Motors Finance Ltd
100.00
-
PT Tata Motors Indonesia
-
16.82
Concorde Motors (India) Ltd
15.00
-
115.00
16.82
Total Non-current investments
18,357.57
18,171.71
Notes :
(1)
Face Value per unit is in Rupees unless stated otherwise
(2)
Book value of quoted investments
353.50
353.50
(3)
Book value of unquoted investments
18,004.07
17,818.21
(4)
Market value of quoted investments
253.07
204.82
(5)
The Company has given a letter of comfort to HDFC Bank amounting to
`
1 crore against working capital facility to Tata Motors Insurance Broking & Advisory Services Ltd (TMIBASL).
Also the Company has given an undertaking to HDFC Bank that it will not dilute its stake below 51% during the tenor of the loan.
(6)
The Company has given a letter of comfort to Standard Chartered Bank, London for GBP 15 million (
`
149.27 crores as on March 31, 2014) against loan extended by the bank to Tata
Motors European Technical Centre Plc, UK (TMETC). Also the Company has given an undertaking to Standard Chartered Bank, London to retain 100% ownership of TMETC at all times
during the tenor of the loan.
(7)
The Company is in the process of divesting the holding of investments in certain subsidiary companies by transferring these investments to a wholly owned subsidiary. Consequently
the investment are classified as current investments.
(8)
Trilix Srl., Turin (Italy) is a limited liability company.
(9)
The Company has given letter of comfort to certain banks and other lenders against credit facilities extended to Fiat India Automobiles Ltd for
`
1,600 crores and Euro 130 million
(
`
1,069.75 crores as on March 31, 2014). The Letter of Comfort is restricted to 50% of the value of credit facilities extended i.e.
`
1,334.88 crores.
(10)
The Company has given a letter of comfort toTata Capital Financial Services Limited (TCFSL) amounting
`
15 crores against Credit Facility Extended to Concorde Motors (India) Limited
(CMIL).
(11)
Trade Investments also include :
Number
Face value
per unit
Description
`
`
(i) Investments in subsidiary companies
100
(SGD) 1 TML Holdings Pte Ltd, (Singapore)
2,778.73
2,778.73
(ii) Investments in other companies
20,000
10 Metal Scrap Trade Corporation Ltd
25,000
25,000
(15,000 shares received as bonus during the year)
50
5 Jamshedpur Co-operative Stores Ltd
250
250
16,56,517
(M$) 1 Tatab Industries Sdn. Bhd. Malaysia
1
1
4
25,000 ICICI Money Multiplier Bond
1
1
100
10 Optel Telecommunications
1,995
1,995
200
10 Punjab Chemicals
1
1
NOTES FORMING PART OF FINANCIAL STATEMENTS
Independent Auditors’Report
Balance Sheet
(134-169)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
