annual-report-FY2020

391 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 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 171 Mahindra Waste To Energy Solutions Limited 25/06/2017 INR 1.00 21.89 (5.14) 24.46 7.72 — 3.20 (2.74) — (2.74) — 84.57% 172 Mahindra Telecom Energy Management Services Limited ** 25/06/2017 INR 1.00 0.05 (0.02) 0.04 0.01 — — (0.01) — (0.01) — 100.00% 173 Mahindra Construction Company Limited 28/11/2017 INR 1.00 2.40 (24.87) 0.60 23.07 — 0.04 0.03 0.01 0.02 — 65.38% 91.66% 174 Mahindra Finance CSR foundation 02/04/2019 INR 1.00 * 0.00 * (0.00) * 0.00 * 0.00 — 0.12 * (0.00) — * (0.00) — 51.39% 100.00% 175 Mahindra Bangladesh Private Limited 12/09/2019 BDT 0.89 3.73 (0.24) 3.63 0.14 — 0.25 (0.21) 0.03 (0.24) — 100.00% 176 MSPL International DMCC ** $$ 08/10/2019 AED 20.54 0.10 (11.65) 1.14 12.68 — — (11.65) — (11.65) — 100.00% 177 Meru Travel Solutions Private Limited 05/12/2019 INR 1.00 87.06 23.83 111.33 0.44 111.31 — (10.29) — (10.29) — 36.63% 178 Meru Mobility Tech Private Limited 05/12/2019 INR 1.00 0.15 24.71 116.43 91.57 35.75 115.96 (10.64) — (10.64) — 36.63% 100.00% 179 V-Link Automotive Services Private Limited 05/12/2019 INR 1.00 0.01 29.02 31.90 2.87 — 6.68 0.90 0.05 0.85 — 36.63% 100.00% 180 V-Link Fleet Solutions Private Limited 05/12/2019 INR 1.00 0.01 (12.09) 7.91 19.99 — 21.69 (2.81) — (2.81) — 36.63% 100.00% 181 Fifth Gear Ventures Limited 17/01/2020 INR 1.00 0.09 (1.63) 5.77 7.31 — 8.10 (1.38) 1.50 (2.88) — 51.00% 100.00% 182 Graphic Research Design S.r.l. (formerly known as Mahindra Graphic Research Design S.r.l.) ## 20/02/2008 EUR 83.13 — — — — — — — — — — 100.00% Notes to Part A: - * denotes amounts less than Rs. 50,000. ** denotes companies yet to commence operations $$ incorporated in current financial year and will prepare it’s first statutory accounts in next financial year # denotes companies where reporting period is different from 01 st April, 2019 to 31 st March, 2020. The financial year for all other subsidiaries is 01 st April, 2019 to 31 st March, 2020 ## The process of liquidation of the company was initiated w.e.f. 30th Sept, 2019 and all its activities ceased to exist from 13th March, 2020. The name of the company was removed by the Chamber of Commerce, Turin from the Register of Companies on 1st April, 2020. The last Audited Accounts of the company submitted by the Liquidator to the Tax Agency, Chamber of Commerce and to the Company were for the period - 1st April, 2019 to 11th March, 2020 in accordance with the requirements of the local regulations. ^ The company is under liquidation from 16th December, 2019 when the liquidator was appointed. As the company is in liquidation and has ceased to do any trade, there is no need to complete the statutory audit or file any other financial closures, under the applicable laws and regulations of the country of its incorporation. Accordingly, unaudited financial statements has been reported for the year ending 31st December, 2019. $ Based on unaudited financial statements as audit is not required as per their local laws @ excluding shares issued to ESOP Trusts of the respective entities/their holding companies but not allotted to employees Names of subsidiaries which have ceased to exist during the year on account of Liquidation/ Sale/Merger through scheme of arrangement are as under : (1) Orizonte Business Solutions Limited (2) Are Villas 1 Ab (3) Are Villas 2 Ab (4) Cleansolar Renewable Energy Private Limited (5) Mahindra International UK Limited (6) Mahindra Defence Naval Systems Limited