annual-report-FY2021

382 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 S No Name of Subsidiary The date since when subsidiary was acquired 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 and Tax thereon Proportion of ownership interest @ ## 1 Mahindra Vehicle Manufacturers Limited 25/05/2007 INR 1.00 4,154.72 870.56 8,654.19 3,628.91 2,975.86 5,759.47 781.76 126.92 654.84 — 100.00% 2 Mahindra Heavy Engines Limited 31/01/2008 INR 1.00 634.40 58.16 922.38 229.82 15.53 1,060.96 275.15 17.83 257.32 — 100.00% 3 Mahindra Electric Mobility Limited 26/05/2010 INR 1.00 358.42 (103.34) 775.71 520.63 — 212.69 (107.13) — (107.13) — 99.35% 4 NBS International Limited 05/02/2001 INR 1.00 44.55 (41.72) 36.61 33.78 5.06 132.28 (1.00) 0.25 (1.25) — 100.00% 5 Mahindra Automotive Australia Pty. Limited 23/09/2008 AUD 55.96 25.60 (23.57) 46.22 44.19 — 116.70 3.36 1.62 1.74 — 100.00% 6 Ssangyong Motor Company # £ 09/02/2011 KRW 0.07 5,049.61 (5,617.94) 11,894.04 12,462.37 68.75 20,658.17 (3,392.01) — (3,392.01) — 74.65% 7 Ssangyong Motor (Shanghai) Company Limited # £ 09/02/2011 CNY 11.21 33.57 (32.02) 2.22 0.67 — 2.60 (1.29) — (1.29) — 74.65% 8 Ssangyong European Parts Center B.V. # ¥ £ 09/02/2011 EUR 86.13 6.03 (25.86) 77.61 97.44 — 112.58 1.17 0.20 0.97 — 74.65% 9 SY Auto Capital Co., LTD # £ 28/10/2015 KRW 0.07 134.80 122.54 602.43 345.09 — 106.22 18.74 4.94 13.80 — 38.07% 10 SsangYong Australia Pty Limited # £ 31/07/2018 AUD 55.96 28.15 (73.97) 216.84 262.66 — 357.54 (21.04) — (21.04) — 74.65% 11 Mahindra Europe S.r.l. 31/05/2005 EUR 86.13 12.24 0.30 90.67 78.13 — 121.12 1.77 0.65 1.12 — 100.00% 12 Mahindra and Mahindra South Africa (Proprietary) Limited 20/10/2004 ZAR 4.93 25.64 13.39 234.68 195.65 — 724.57 16.91 5.10 11.81 — 100.00% 13 Mahindra West Africa Ltd # € 20/05/2016 NGN 0.18 1.09 (0.70) 0.59 0.20 — 0.62 (0.95) 0.07 (1.02) — 100.00% 14 Mahindra North American Technical Center, Inc. 18/12/2013 USD 73.59 424.38 (350.05) 134.42 60.09 — 89.63 (132.88) 56.08 (188.96) — 100.00% 15 Mahindra Automotive North America Inc. 25/04/2017 USD 73.59 1,254.29 (167.35) 1,145.53 58.58 1,037.20 91.07 (45.18) 26.45 (71.63) — 100.00% 16 Mahindra Vehicle Sales and Service Inc. 06/06/2017 USD 73.59 607.24 (635.73) 7.66 36.15 — 82.26 (118.86) 110.84 (229.70) — 100.00% 17 Automobili Pininfarina GmbH 07/05/2018 EUR 86.13 1,122.27 (889.20) 435.06 201.99 0.22 0.23 (771.82) 47.97 (819.79) — 100.00% 18 Automobili Pininfarina Americas Inc. 15/01/2019 USD 73.59 0.22 (0.17) 5.27 5.22 — 0.12 0.03 0.02 0.01 — 100.00% 19 Mahindra Bangladesh Private Limited 12/09/2019 BDT 0.87 3.65 (0.44) 3.66 0.45 — 0.52 (0.05) 0.15 (0.20) — 100.00% 20 Gromax Agri Equipment Limited 18/12/1999 INR 1.00 54.30 (31.27) 88.62 65.59 — 149.09 (0.58) 0.18 (0.76) — 60.00% 21 Trringo.com Limited 23/05/2016 INR 1.00 27.46 (25.04) 3.11 0.69 — 0.72 (0.14) — (0.14) — 100.00% 22 Mahindra USA Inc. 08/06/1994 USD 73.59 1,630.75 (1,464.43) 1,698.13 1,531.81 — 2,636.27 (194.59) 0.76 (195.35) — 100.00%