annual-report-FY2020

384 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS FORM AOC-1 Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014 Statement containing salient features of the financial statements of subsidiaries/associate companies /joint ventures as included in the Consolidated Financial Statements Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores SI. No. Name of Subsidiary The date since when subsidiary was acquired (dd/mm/yyyy) Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover Profit/ (Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend Proportion of ownership interest @ Proportion of voting power where different 1 Mahindra Vehicle Manufacturers Limited 25/05/2007 INR 1.00 4,064.72 211.93 6,831.85 2,555.20 2,259.51 7,659.16 (351.10) 67.19 (418.29) — 100.00% 2 Mahindra Heavy Engines Limited 31/01/2008 INR 1.00 634.40 (199.80) 593.73 159.13 — 1,007.59 39.13 — 39.13 — 100.00% 3 Mahindra Electric Mobility Limited 26/05/2010 INR 1.00 323.19 (54.97) 570.04 301.82 — 278.90 (55.23) — (55.23) — 99.43% 4 Mahindra Trucks and Buses Limited 01/10/2005 INR 1.00 93.35 51.93 200.09 54.81 72.05 223.62 44.98 12.91 32.07 22.68 100.00% 5 Mahindra Automobile Distributor Private Limited 05/08/2005 INR 1.00 1.00 13.32 20.54 6.22 13.66 29.07 7.19 1.89 5.30 5.30 100.00% 6 NBS International Limited 05/02/2001 INR 1.00 24.55 (40.20) 24.03 39.68 — 193.11 (7.86) — (7.86) — 100.00% 7 Mahindra Automotive Australia Pty. Limited 23/09/2008 AUD 46.63 21.33 (21.09) 53.89 53.65 — 73.02 (2.63) — (2.63) — 100.00% 8 Ssangyong Motor Company # 09/02/2011 KRW 0.06 4,631.18 (2,124.34) 12,467.12 9,960.28 64.89 22,596.12 (2,108.21) — (2,108.21) — 74.65% 9 Ssangyong Motor (Shanghai) Company Limited # 09/02/2011 CNY 10.64 31.92 (31.39) 3.98 3.45 — 2.68 (1.42) — (1.42) — 74.65% 100.00% 10 Ssangyong European Parts Center B.V. # 09/02/2011 EUR 83.13 5.82 (25.90) 73.04 93.12 — 126.02 1.29 0.25 1.04 — 74.65% 100.00% 11 SY Auto Capital Co., LTD # 28/10/2015 KRW 0.06 123.63 100.04 547.75 324.08 — 127.73 42.17 9.83 32.34 — 51.00% 51.00% 12 SsangYong Australia Pty Limited # 31/07/2018 AUD 46.63 23.32 (43.85) 141.98 162.51 — 173.38 (29.74) — (29.74) — 74.65% 100.00% 13 Mahindra Europe S.r.l. 31/05/2005 EUR 83.13 11.81 (0.82) 178.25 167.26 — 144.76 0.09 0.45 (0.36) — 100.00% 14 Mahindra and Mahindra South Africa (Proprietary) Limited 20/10/2004 ZAR 4.20 21.84 0.96 244.08 221.28 1.27 692.56 (8.03) 2.62 (10.65) — 100.00% 15 Mahindra North American Technical Center, Inc. 18/12/2013 USD 75.34 182.89 (164.93) 378.85 360.89 — 356.83 (47.01) (10.56) (36.45) — 100.00% 16 Mahindra Automotive North America Inc. 25/04/2017 USD 75.34 706.31 (97.99) 785.25 176.93 650.72 122.86 (78.41) (12.12) (66.29) — 100.00% 17 Mahindra Vehicle Sales and Service Inc. 06/06/2017 USD 75.34 462.11 (415.68) 142.43 96.00 — 290.61 (305.49) (57.86) (247.63) — 100.00% 18 Automobili Pininfarina GmbH 07/05/2018 EUR 83.13 537.58 (66.98) 949.11 478.51 — 40.43 (168.06) (38.49) (129.57) — 100.00% 19 Automobili Pininfarina Americas Inc. 15/01/2019 USD 75.34 0.20 (0.16) 0.17 0.13 — — (0.16) — (0.16) — 100.00% 20 Mahindra West Africa Limited 20/05/2016 NGN 0.19 1.18 0.32 2.27 0.77 — 5.26 0.24 0.11 0.13 — 100.00% 21 Gromax Agri Equipment Limited 18/12/1999 INR 1.00 54.30 (30.48) 107.89 84.07 — 139.74 (2.19) — (2.19) — 60.00% 22 Auto Digitech Private Limited 09/10/2009 INR 1.00 0.01 (5.88) 2.94 8.81 — 0.23 (3.29) — (3.29) — 100.00%