annual-report-FY2021

281 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 36. Disclosure required under Section 186(4) of the Companies Act, 2013 for Loans and Guarantees (net of provision): Rupees crores Sr. No. Name Relation 2021 2020 1. Inter Corporate deposits and Loans Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary 1,599.22 85.54 Mahindra Rural Housing Finance Limited Subsidiary 50.00 200.00 SsangYong Motor Company Refer Note (d) 109.34 — Mahindra Electric Mobility Limited Subsidiary 70.00 — Mahindra Vehicle Manufacturers Limited Subsidiary 470.00 — Mahindra & Mahindra Financial Services Limited Subsidiary — 100.00 Mahindra Ideal Lanka Joint Venture 2.75 2.99 Mahindra First Choice Services Ltd 15.00 — Mahindra Integrated Business Solutions Limited Subsidiary — 0.50 Kotak Mahindra Investment Limited 50.00 150.00 Kotak Mahindra Prime Limited — 50.00 2,366.30 589.03 Sr. No. Name Relation 2021 2020 Outstanding Recognized in Balance Sheet Outstanding Recognized in Balance Sheet 2. Guarantees SsangYong Motor Company Refer Note (d) 458.05 343.54 — — Mahindra Racing UK Limited Subsidiary — — 18.65 — Peugeot Motocycles S.A.S. Subsidiary 233.97 — 225.97 — Sampo Rosenlew Oy Joint Venture of Company 42.88 — 41.41 — PF Holding B.V. Subsidiary of Associate 529.68 25.14 511.54 29.77 Note: a) Inter corporate deposits given and repaid during the year amounting to Rs. 30.00 crores (2020 : Rs. 300.61 crores) were given to Mahindra Electric Mobility Limited (Subsidiary of Subsidiary Company). b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing obligation which have been taken for general corporate purpose. c) Refer note 6 for investments. d) As on 31 st Mar 2021, SsangYong Motor Company is subsidiary as per Companies Act, 2013.