Tata capital forex limited bangalore karnataka pin

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tata capital forex limited bangalore karnataka pin

Tc Forex Services Limited's Corporate Identification Number is (CIN) UMHPLC and its registration number is Its Email address is. With Axis Bank Phone Banking you can get details about offered services, request a new cheque book, regenerate ATM pin, block a lost card and many more. For Tata Capital Housing Finance Limited. Branch Timings -. 10AM to 6PM (Monday to Friday). 10AM to PM (Saturday). All Service branches will remain. BEST SPORTS BETTING SITES 2022 PRESIDENTIAL ELECTION

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RED SOX ODDS TODAY

They have clear policies and vision instilled within the management. The only drawback is that the yearly hikes are very less. Pros Excellent work life balance. Cons very low salary hikes and growth within the huge organisation.

Yes There are 12 helpful reviews 12 No There are 2 unhelpful reviews 2. I am working in Tata Capital Home loan department one and half year salaried same salary and work pressure no any person hard work incentive taken home. Pros Month end food. Cons Yes. Yes There are 14 helpful reviews 14 No There are 4 unhelpful reviews 4. TATA is old and trusted company with high level of ethics and transparency and value its employees. Employees are well taken care by way of regular health check up, Incentive's and bonus are good and has good work culture.

Pros Trusted company. Cons uneven work timings. Yes There are 19 helpful reviews 19 No There are 1 unhelpful reviews 1. Good company. Peoples are of helping nature. Job are also secured. At the time of month closing more time devotion is required which is natural to complete the closing in time. But seniors take care of the staff. The provision matrix takes into account historical credit loss experience and is adjusted for forward looking information.

The expected credit loss allowance is based on the ageing of the receivables as mentioned below:. Reimbursement made of expenses incurred by related party for business purpose of the Company, or reimbursement received for expenses incurred by the Company on behalf of a related party shall not be deemed related party transactions.

Operating lease payments represent rentals payable by the Company for certain buildings and satellite channels. At the balance sheet date, minimum lease payments under non-cancellable operating leases fall due as follows:. In case of certain operating lease agreements relating to dark fiber contracts aggregating RS. Future lease rental receipts will be recognised in the Statement of Profit and Loss of subsequent years as follows:.

The Company has leased certain premises under non-cancellable operating lease arrangements to its wholly owned subsidiaries and associates. Future lease rental income in respect of these leases will be recognised in the Statement of Profit and Loss of subsequent years as follows:. Lease rental income of RS. The total demand including interest demanded and accrued till the balance sheet date is for RS.

The Company has challenged the said demand in the Madras High Court, which has vide its orders dated 1 March , granted a stay-order against the said demand. Further, the Company is also contesting similar licence fee claim of RS.

Apart from the above, contingent liabilities include RS. This conditional extension by DoT, was challenged by the Company in TDSAT, which granted a stay subject to submission of undertaking that if petition fails then applicable license fees would be payable along with interest. Considering the above facts, the Company has disclosed an amount of RS.

Other claims of RS. During the previous year, the Company and its two directors and an ex-employee had received show cause notices from Directorate of Enforcement, Ministry of Finance on alleged violation of the rules and regulations under the Foreign Exchange Management Act, The contravention amount involved in all these notices is RS.

The Company had provided RS. During the current year, Ministry of Information and Broadcasting approval has been received and based on the same the Company has filed its application with RBI for compounding of charges. Based on the management assessment and legal advice wherever taken , the Company believes that the above claims are not probable and would not result in outflow of resources. Estimated amount of contracts remaining to be executed on capital account, not provided for amount to RS.

The Company has committed loan facility to wholly owned subsidiaries to the tune of RS. Nil 31 March RS. The Company has not remitted any amount in foreign currencies on account of dividend during the year. The particulars of final dividend for the year ended 31 March and 31 March paid to non - resident shareholders are as under:.

Dues to micro and small enterprises have been determined to the extent such parties have been identified on the basis of information collected by the management:. There are no significant subsequent events between the year ended 31 March and signing of financial statements as on 08 May which have material impact on the financials of the Company.

The Company has an investment of Rs, 1, In the opinion of the management, having regard to the nature of the subsidiary business and future business projections, there is no diminution, other than temporary in the value of investments despite significant accumulated losses. As per modified terms of conversion, the investment in preference shares in substance is equity instrument and hence carried at cost.

The original term of conversion was one equity share in exchange of one preference share. The Company was only able to partially dispose of its assets classified as held for sale as on 31 March on account of certain circumstances beyond its control that lead to extension of the period required to complete the sale. An active program is in place to complete the sale and it is expected to be completed in the next 12 months. Further the fair value of these assets is higher than their carrying value as on 31 March and hence, no impairment loss has been recognized.

The Company has only one class of equity shares with a face value of Rs, 10 per share. The Board of Directors have recommended a dividend of Rs, 4. Capital reserve includes Rs, The amounts credited to the DRR may not be utilized by the Company except to redeem debentures. The outstanding 50, For facilitating the above redemption, the Company has created a debenture redemption reserve of Rs, 1.

As required by the Companies Act, and rules thereon, gross amount required to be spent by the Company during the year towards CSR amount to Rs, The Company has spent Rs, Accordingly, the Company had recorded a gain of Rs, 1, The Company had advanced the sum of Rs, 1, crores to Tata Sons Ltd in financial year which was shown as ''Advance for litigation'' in the financial statements.

During the said financial year, the Company provided for Rs, During the year, based on the recent developments at TTSL, the Company has written off the entire amount of ''Advance for litigation'' of Rs, 1, crores, which includes the provision created during the previous year Rs, The net impact of Rs, In accordance with the said judgment and order of the Delhi High Court and the award of the Arbitral Tribunal, upon payment of its aforesaid share of Rs, 1, crores, the Company received ,, shares of Tata Teleservices Ltd during the year, which have been recorded at Rs, Nil.

In addition, during the current year, Tata Sons Ltd has settled the aforementioned advances and the Company has also received net interest income from Tata Sons Ltd of Rs, During the current year, the Company provided Rs, As part of its initiative to enhance the long term efficiency of the business during the year, the Company undertook organizational changes to align to the Company''s current and prospective business requirements.

These changes involved. Provident fund contributions amounting to Rs, The Company reimburses domiciliary and hospitalization expenses not exceeding specified limits incurred by eligible and qualifying employees and their dependent family members under the Tata Communications Employee''s Medical Reimbursement Scheme. Investment risk The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds.

Interest rate risk The defined benefit obligation is calculated using a discount rate based on government bonds. Salary risk Higher than expected increases in salary will increase the defined benefit obligation. Demographic risk This is the risk of variability of results due to unsystematic nature of decrements that include mortality, withdrawal, disability and retirement.

During the previous year, this was subject to a maximum leave of days in addition to accumulated leave balance available in accumulated quota. The liability for compensated absences as at the year end is Rs, Tata Communications Netherlands BV is a central contracting party and a transfer pricing administrator for inter-company transactions between the Company and its international subsidiaries.

The Company has investments on which gain or loss on fair value is recognized through other comprehensive income and also enters into derivative transactions. The senior management reviews and agrees policies for managing each of these risks, which are summarized below:. The analysis exclude the impact of movements in market variables on: the carrying values of gratuity and other postemployment obligations; provisions; and the non-financial assets and liabilities of foreign operations.

The sensitivity of the relevant profit or loss item is the effect of the assumed changes in respective market risks. This is based on the financial assets and financial liabilities held at 31 March and 31 March including the effect of hedge accounting. The sensitivity of equity is calculated by considering the effect of any associated cash flow hedges and hedges of a net investment in a foreign subsidiary at 31 March and at 31 March for the effects of the assumed changes of the underlying risk.

The Company does not have exposure to the risk of changes in market interest rate as it has long-term debt obligations with fixed interest rates. The Company''s exposure to the risk of changes in foreign exchange rates relates primarily to the Company''s operating activities when revenue or expense is denominated in a foreign currency and the Company''s net investments in foreign subsidiaries. Exposures are broadly categorized into receivables and payable exposures.

The Company''s objective for capital management is to maximize shareholder value, safeguard business continuity and support the growth of the Company. Tata Communications Spain S. Tata Communications Brazil Comunicacoes Limitada [w. The Company has leased under operating lease arrangements certain IRU with gross block and accumulated depreciation of Rs, Depreciation expense of Rs, 5.

In case of certain operating lease agreements relating to bandwidth capacity contracts aggregating Rs, The lease rentals associated with such IRU arrangements for the year ended 31 March amount to Rs, On February 19, , DoT issued a licence fee demand amounting to Rs, The total demand including interest demanded and accrued till the balance sheet date is for Rs, The Company has challenged the said demand in the Madras High Court, which has vide its orders dated March 1, , granted a stay-order against the said demand.

Further, the Company is also contesting similar licence fee claim of Rs, Apart from the above, contingent liabilities include Rs, crores as computed by the Company for potential license fee claims on item covered in the demands referred above for the years under assessment. Upon expiry of the Company''s ISP license on January 24, , DoT vide letter dated February 20, extended the validity of the said license for 3 months with condition that entire ISP revenue will be subject to license fees.

Considering the above facts, the Company has disclosed an amount of Rs, Other claims of Rs, During the current year, the Company and its two directors and an ex-employee have received show cause notice from Directorate of Enforcement, Ministry of Finance on alleged violation of the rules and regulations under the Foreign Exchange Management Act, The contravention amount involved in all these notices is Rs, crores.

The Company has provided Rs, 4. Based on the management assessment and legal advice, wherever taken, the Company believes that the above claims are not probable and would not result in outflow of resources. Estimated amount of contracts remaining to be executed on capital account, not provided for amount to Rs, The Company has committed loan facility to wholly owned subsidiaries to the tune of Rs, 3, There are no subsequent events between the year ended 31 March and signing of financial statements as on May 10, which have material impact on the financials of the Company.

The figures of previous year were audited by a firm of chartered accountants other than S. Mar 31, The weighted average capitalization on the funds borrowed generally is 3. Accordingly, the Company has recorded a gain of Rs, 1, The Delhi High Court directed Tata Sons to deposit the damages including costs and interest in an escrow account.

During the quarter ended 30 September , the Company had remitted its share of Rs, 1, During the current year, based on the High Court Order dated 28 April , the Company has made a provision of Rs, The provision has been adjusted against the escrow deposit included in Non-current - Other financial assets. As part of its initiative to enhance the long term efficiency of the business, during the year the Company undertook organizational changes to align to the Company''s current and prospective business requirements.

These changes involved certain positions in the Company becoming redundant and the Company incurred a one-time charge of Rs, 0. The Company makes contributions towards a provident fund under a defined contribution retirement benefit plan for qualifying employees. The rules of the Company''s Provident Fund administered by the Trust require that if the Board of Trustees are unable to pay interest at the rate declared for Employees'' Provident Fund by the Government under the applicable law for the reason that the return on investment is lower or for any other reason, then the deficiency shall be made good by the Company.

The Company makes annual contributions under the Employees Gratuity scheme to a fund administered by Trustees covering all eligible employees. The plan provides for lump sum payments to employees whose right to receive gratuity had vested at the time of resignation, retirement, death while in employment or on termination of employment of an amount equivalent to 15 days salary for each completed year of service or part thereof in excess of six months.

During the year, the Company has incurred a charge of Rs, Nil Rs, The most recent actuarial valuation of the plan assets and defined benefit obligation were carried out as at 31 March by an independent actuary. The details in respect of the status of funding and the amounts recognized in the Company''s financial statements for the year ended 31 March , 31 March and 1 April for these defined benefit schemes are as under:. The discount rate is based on the prevailing market yields of Government of India securities as at the balance sheet date for the estimated term of the obligations.

The estimates of future compensation cost considered in the actuarial valuation take account of inflation, seniority, promotion and other relevant factors. The fair values of the above equity and debt instruments are determined based on quoted market prices in active markets. This policy has been implemented during the current and prior years. The Company''s policy and objective for plan assets management is to maximize return on plan assets to meet future benefit payment requirements while at the same time accepting a low level of risk.

The asset allocation for plan assets is determined based on the investment criteria approved under the Income Tax Act, and is also subject to other exposure limitations. The amount charged to the Statement of Profit and Loss under Salaries and related costs in note 24 "Employee benefits" is Rs, 9. Refer table I above for actuarial assumptions on compensated absences.

DMS includes corporate data transmission services, virtual private network signaling and roaming services, television and other network and managed services. Revenues and network and transmission charges are directly attributable to the segments. Network and transmission costs are allocated based on utilization of network capacity.

Depreciation and certain other costs have been allocated to segments based on various allocation parameters. Other income and exceptional items have been considered as "Unallowable". The revenues from operation have been allocated to countries based on location of the customers and information about its non-current assets by location of assets are detailed below:. Tata Communications Netherlands BV is a central contracting party and a transfer pricing administrator for inter-company transactions between Tata Communications Limited and its international subsidiaries.

The foreign exchange forward contracts are not designated as cash flow hedges and are entered into for periods consistent with foreign currency exposure of the underlying transactions, generally within 1 year as at 31 March , 31 March and 1 April The significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expense are recognized, in respect of each class of financial asset, financial liability and equity instrument are disclosed in note 2 s to the financial statements.

Carrying amounts of cash and cash equivalents, trade receivables, loans and trade payables as at 31 March , 31 March and 1 April approximate the fair value because of their short term nature. Difference between carrying amounts and fair values of bank deposits, other financial assets, other financial liabilities and borrowings subsequently measured at amortized cost is not significant in each of the years presented.

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consist of following three levels:. Level 1: Inputs are quoted prices unadjusted in active markets for identical assets or liabilities. Level 2: Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly i. Level 3: Inputs are not based on observable market data unobservable inputs.

Fair values are determined in whole or in part using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data. The investments included in level 2 of fair value hierarchy have been valued using quotes available for similar assets and liabilities in the active market. The investments included in level 3 of fair value hierarchy have been valued using the cost approach to arrive at their fair value.

The cost of unquoted investments approximate the fair value because there is a wide range of possible fair value measurements and the cost represents estimate of fair value within that range. The Company''s principal financial liabilities other than derivatives comprise loans and borrowings, trade and other payables and financial guarantee contracts The main purpose of these financial liabilities is to finance the Company''s operations and to provide guarantees to support its operations.

The Company''s principal financial assets include loans, trade and other receivables, current investment and cash and cash equivalents that derive directly from its operations. The Company has investments on which gain or loss on fair value is recognized through Other Comprehensive Income and also enters into derivative transactions. Financial instruments affected by market risk include loans and borrowings, deposits, Fair value through Profit or loss, Fair Value through Other Comprehensive Income investments and derivative financial instruments.

The sensitivity analysis in the following sections relate to the position as at 31 March and 31 March The analysis exclude the impact of movements in market variables on: the carrying values of gratuity and other post- retirement obligations, provisions and the non-financial assets and liabilities of foreign operations.

The sensitivity of equity is calculated by considering the effect of any associated cash flow hedges and hedges of a net investment in a foreign subsidiary at 31 March for the effects of the assumed changes of the underlying risk. The Company''s exposure to the risk of changes in market interest rates relates primarily to the Company''s long-term debt obligations with floating interest rates. As regards net investments in foreign operations, hedging decisions are guided by regulatory requirement, accounting practices and in consultation and approval of senior management on such hedging action.

The following analysis has been worked out based on the net exposures of the Company as of the date of balance sheet which would affect the Statement of Profit and Loss and Equity. The following tables sets forth information relating to foreign currency exposure net as at 31 March , 31 March and 1 April The Company''s listed and non-listed equity securities are susceptible to market price risk arising from uncertainties about future values of the investment securities.

At the reporting date, the exposure to unlisted equity securities at fair value was Rs, 4, The table below summarizes the maturity profile of the Company''s financial liabilities based on contractual undiscounted payments. The possible liability on the Company is Rs, On 19 February , DoT issued a licence fee demand amounting to Rs, The total demand including interest is for Rs, The Company has challenged the said demand notice in the Madras High Court which has vide its orders dated 1 March , granted a stay-order against the said demand.

Further, the Company is also contesting a licence fee claim of Rs, TRAI in December, issued International Telecommunication Access to Essential Facilities at Cable Landing Stations Amendment "Regulation" dated 21 December seeking to regulate access facilitation charges, collocation charges, restoration charges and cancellation charges, wherein TRAI fixed the charges for access facilitation and collocation at cable landing stations, effective 1 January Since, prescribing such charges, adversely affected the Company, being aggrieved by the Regulation, the Company filed writ petition in the High Court, Chennai to set aside the impugned Regulation.

On 24 January , the High Court granted an ex parte, ad-interim stay on applicability of the impugned Regulation. On 11 November , the Company has filed an appeal in the division bench of Madras High Court against the above court order and the same is pending with division bench for hearing. However, given the uncertainty on the timing of resolution, during the current year, the. Company has recorded a provision towards reversal of revenue for Rs, In , Rs, Upon expiry of the Company''s ISP license on 24 January , DoT vide letter dated 20 February extended the validity of the said license for 3 months with condition that entire ISP revenue will be subject to license fees.

As on 31 March , the Company has issued Letters of Comfort for the credit facility agreements in respect of various subsidiaries:. Tata Communications International Pte. Ltd which is a wholly owned subsidiary of the Company has investments in 39 subsidiaries as at 31 March Ltd has made the following investments in equity and preference shares of its subsidiaries: 1,,, in Neotel Pty Ltd. There are no subsequent events between the year ended 31 March and signing of financial statements as on 4 May which have material impact on the financials of the Company except for the provision for contractual obligation as referred in note 29, which has been adjusted in the Standalone Financial Statements.

These are the Company''s first standalone financial statements prepared in accordance with Ind AS. The accounting policies set out in note 2 have been applied in preparing the standalone financial statements for the year ended 31 March , the comparative information presented in these standalone financial statements for the year ended 31 March and in the preparation of an opening Ind AS balance sheet at 1 April the Company''s date of transition.

In preparing its opening Ind AS balance sheet, the Company has adjusted the amounts reported previously in standalone financial statements prepared in accordance with the accounting standards notified under Companies Accounting Standards Rules, as amended and other relevant provisions of the Act Indian GAAP.

Ind AS allows an entity to designate investments in equity instruments at Fair Value through Other Comprehensive Income on the basis of the facts and circumstances at the date of transition to Ind AS. The Company has applied requirements of fair value measurement of financial assets and financial liabilities at initial recognition for transactions entered into on or after date of transition to Ind AS.

Ind AS requires an entity to assess classification and measurement of financial assets investment in debt instruments on the basis of the facts and circumstances that exist at the date of transition to Ind AS. The Company has applied the above requirement prospectively. An entity''s estimates in accordance with Ind ASs at the date of transition to Ind AS shall be consistent with estimates made for the same date in accordance with Previous GAAP after adjustments to reflect any difference in accounting policies , unless there is objective evidence that those estimates were in error.

As a result, fair value gain of Rs, Under previous GAAP, long term preference investments were measured at cost less diminution in value which is other than temporary. Under Ind AS, these long term preference investments are classified as Fair Value through Profit or Loss and accordingly all gains and losses on these investments needs to be recorded through Statement of Profit and Loss. As a result, fair value gain on these instruments of Rs, For the year ended 31 March , fair value gain of Rs, Under previous GAAP, mutual funds were measured at lower of cost or fair value.

Under Ind AS, these investments are classified as Fair Value through Profit or Loss and accordingly all gain and losses on these investments needs to recorded through Statement of Profit and Loss. As at 1 April , fair value gain on these instruments of Rs, 1. Under previous GAAP, any premium or discount arising at the inception of forward contract not intended for trading or speculation purpose, is amortized as expense or income over the life of contract and contract were restated at the closing spot exchange rate.

Under Ind AS, derivative financial instrument are recognized at fair value. Due to reversal of premium amortization and revaluation of forward contract at fair value, the impact of Rs, 0. No adjustments required on the date of transition 1 April as there were no open forward contract in the financials for standalone. Under previous GAAP, dividends on equity share recommended by the board of directors after the end of the reporting period but before the financial statement were approved for issue were recognized in the financial statement as a liability.

Under Ind AS, such dividends are recognized when the financial statements are approved by the shareholders in the Annual General Meeting. The effect of this change results in an increase in total equity by Rs, There is no impact on profit as a result of this adjustment.

Under previous GAAP, annuity plan receivables are recognized at undiscounted amount. Under Ind AS, this needs to be recognized at net present value of expected inflow. As a result, an impact of Rs, 1. In Ind AS, impairment allowance has been calculated based on expected credit loss model. As a result, for the year ended 31 March , Rs, 1.

Accordingly, Rs, However, the same does not result in difference in equity or total comprehensive income. Defined Contribution Plan - The Company makes contributions towards a provident fund under a defined contribution retirement benefit plan for qualifying employees. The rules of the Company's Provident Fund administered by the Trust require that if the Board of Trustees are unable to pay interest at the rate declared for Employees' Provident Fund by the Government under the applicable law for the reason that the return on investment is lower or for any other reason, then the deficiency shall be made good by the Company.

Provident fund contributions amounting to Rs. Defined Benefit Plan Gratuity: The Company makes annual contributions under the Employees Gratuity scheme to a fund administered by Trustees covering all eligible employees. Medical Benefit: The Company reimburses domiciliary and hospitalisation expenses not exceeding specified limits incurred by eligible and qualifying employees and their dependent family members under the Tata Communications Employee's Medical Reimbursement Scheme.

During the year, the Company has incurred a charge of Rs. The liability for compensated absences as at the year end is Rs. The amount charged to the Statement of Profit and Loss under Salaries and related costs in note 25 "Employee benefits" is Rs.

Refer table VI above for actuarial assumptions on compensated absences. Segment Reporting a. The composition of the reportable segments is as follows: Voice Solutions VS VS includes international and national long distance voice services. Operating lease arrangements Operating lease payments represent rentals payable by the Company for certain buildings and satellite channels. As lessor: i. The Company has leased under operating lease arrangements certain Indefeasible Rights of Use "IRU" with gross carrying amount and accumulated depreciation of Rs.

Depreciation expense of Rs. In case of certain operating lease agreements aggregating Rs. In respect of IRU arrangements, rental income of Rs. Contingent Liabilities and Commitments: a. Contingent Liabilities: Rs. Guarantees given on behalf of subsidiaries Refer 1 below 13, Claims for taxes on income Refer 2 below Income tax disputes where department is in appeal against the Company Claims for other taxes 1.

If there is no buyer at the Sale Price, then Tata Sons Limited is obliged to acquire or procure the acquisition of such shares. These obligations are subject to compliance with applicable law and regulations. Under the terms of the "inter se" agreement, the Company may be obligated to acquire the shareholding of the SP in proportion of the number of shares sold by the company to the aggregate of the secondary shares sold to the SP.

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