TVS Motor Company

1 Share capital
 
 Sundaram-Clayton Limited, Chennai holds 2,10,00,000 (last year
 2,10,00,000) equity shares of Re. 1/- each while its wholly owned
 subsidiary Anusha Investments Limited, Chennai holds 11,53,41,393 (last
 year 11,40,00,000) equity shares of Re. 1/- each.  This aggregates to
 57.40% (last year 56.8%) of the share capital of the company.
 
 2    Contingent liability not provided for:
 
 (a)    On counter guarantee given to banks    0.72      0.59
 (b)    On letters of credit                  34.63     27.49
 (c)    On guarantee to Housing Development 
        Finance Corporation Limited, 
        Mumbai, on loans
        granted to employees of the company    1.25      1.25
 (d)    On bills discounted with banks        77.22     36.31
 (e)    Capital commitments towards
        -   capital expenditure                5.87     26.68
        -   Investment in equity shares of 
            TVS Andina S.A., Colombia            -       0.14
 (f)  On obligation arising out of agreements 
     facilitating credit to an associate company 41.50   75.00
 TVS Finance and Services Limited, Chennai
 (g) On obligation arising out of agreements 
    facilitating credit to subsidiary company
 (PT. TVS Motor Company Indonesia)               60.88
 (h) Disputed stamp duty in respect of 
 land purchased near Hosur, Tamil Nadu             -      0.07