Page 261 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Standalone

Liquidity risk 39. Related Party Disclosure:
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The objective of (a) Related parties and their relationship (as defined under IndAS-24 Related Party Disclosures)
liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as and when required.
Subsidiaries Other related parties
The Treasury Risk Management Policy includes an appropriate liquidity risk management framework for the management of the Direct 1 Tata Chemicals Ltd Provident Fund
short-term, medium-term and long term funding and cash management requirements. The Company manages the liquidity risk 1 Rallis India Limited, India 2 Tata Chemicals Ltd. Employee Pension Fund
by maintaining adequate cash reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast 2 Tata Chemicals International Pte. Limited ('TCIPL') 3 Tata Chemicals Superannuation Fund
and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. The Company invests its surplus 3 Ncourage Social Enterprise Foundation 4 Tata Chemicals Employees Gratuity Trust
funds in bank fixed deposit and liquid schemes of mutual funds, which carry no/negligible mark to market risks. Indirect 5 TCL Employees Gratuity Fund
1 Valley Holdings Inc., United States of America 6 Rallis India Limited Management Staff Gratuity Fund
The below table analyses the Company’s non-derivative financial liabilities as at the reporting date, into relevant maturity 2 Tata Chemicals North America Inc., United States of America Key Management Personnel
groupings based on the remaining period (as at that date) to the contractual maturity date. The amounts disclosed in the below 3 Tata Chemicals (Soda Ash) Partners (TCSAP), 1 Mr. R. Mukundan, Managing Director and CEO
table are the contractual undiscounted cash flows. United States of America **
` in crore 4 TC(Soda Ash) Partners Holdings(TCSAPH), 2 Mr. Zarir Langrana, Executive Director
United States of America **
Carrying Up-to 1 Above 5
Particulars 1-5 years Total 5 TCSAP LLC,United States of America Promoter Group
amount year years
6 Homefield Pvt UK Limited, United Kingdom 1 Tata Sons Private Ltd. India
As at March 31, 2023 7 TCE Group Limited List of subsidiaries and joint ventures of Tata Sons Private Ltd. @@
Trade and other payables 949 947 2 - 949 8 Tata Chemicals Africa Holdings Limited, United Kingdom 1 TATA AIG General Insurance Company Limited
Total 949 947 2 - 949 9 Natrium Holdings Limited 2 Tata Autocomp Systems Limited
10 Tata Chemicals Europe Limited, United Kingdom 3 Tata International Limited
` in crore
11 Winnington CHP Limited,United Kingdom 4 Tata Consultancy Services Limited
Carrying Up-to 1 Above 5
Particulars 1-5 years Total 12 Brunner Mond Group Limited, United Kingdom 5 TATA AIA Life Insurance Company Limited
amount year years 13 Tata Chemicals Magadi Limited, United Kingdom 6 Tata Consulting Engineers Limited
As at March 31, 2022 14 Northwich Resource Management Limited, 7 Infiniti Retail Limited
Lease liability 3 3 - - 3 United Kingdom
Trade and other payables 737 737 - - 737 15 Gusiute Holdings (UK) Limited, United Kingdom 8 Tata Medical and Diagnostics Limited
Total 740 740 - - 740 16 British Salt Limited, United Kingdom 9 Tata Teleservices Limited
17 Cheshire Salt Holdings Limited, United Kingdom 10 Tata Realty and Infrastructure Limited
18 Cheshire Salt Limited, United Kingdom 11 Tata Investment Corporation Limited
The below table analyses the Company’s derivative financial liabilities into relevant maturity groupings based on the remaining
period (as at the reporting date) to the contractual maturity date. 19 Brinefield Storage Limited, United Kingdom 12 Tata Autocomp Hendrickson Suspensions Private Limited
` in crore 20 Cheshire Cavity Storage 2 Limited, United Kingdom 13 Tata SmartFoodz Limited
As at As at 21 Cheshire Compressor Limited, United Kingdom * 14 Tata SIA Airlines Limited
Particulars 22 New Cheshire Salt Works Limited, United Kingdom 15 Tata Communications Limited
March 31, 2023 March 31, 2022 23 Tata Chemicals (South Africa) Proprietary Limited,
Current portion 5 4 South Africa 16 Tata Communications Collaboration Services Private Limited
Net 5 4 24 Magadi Railway Company Limited, Kenya 17 Tata Teleservices (Maharashtra) Limited
25 ALCAD, United States of America ** 18 Tata International Singapore PTE Ltd
All the derivative financial liabilities are included in the above analysis, as their contractual maturity dates are essential for the Joint Ventures 19 Tata Elxsi Limited
understanding of the timing of the under-lying cash flows. Direct 20 Carbon Disclosure Project India
1 Indo Maroc Phosphore S.A., Morocco 21 AirAsia India Limited
38. Capital management 2 Tata Industries Limited 22 Ecofirst Services Limited
The capital structure of the Company consists of net debt and total equity of the Company. The Company manages its capital Indirect 23 Tata Digital Limited
to ensure that the Company will be able to continue as going concern while maximising the return to stakeholders through an 1 The Block Salt Company Limited, United Kingdom 24 Taj Air Limited
optimum mix of debt and equity within the overall capital structure. The Company's risk management committee reviews the (Holding by New Cheshire Salt Works Limited)
capital structure of the Company considering the cost of capital and the risks associated with each class of capital. Associate 25 Tata Advanced Systems Limited
Indirect
The Company monitors capital using the metric of Net Debt to Equity. Net Debt is defined as borrowings less cash and cash 1 JOil (S) Pte. Ltd and its subsidiaries (Holding by Tata
equivalents, fixed deposits and readily redeemable investments. As on balance sheet date there is no net debt. Chemicals International Pte. Limited)
@@ The above list includes the Companies with whom the Company has entered into the transactions during the course of the year.
* dissolved/liquidated during the year
** a general partnership formed under the laws of the State of Delaware (USA).

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