FOREIGN CONTROLLED COMPANIES IN INDIA: AN ATTEMPT AT IDENTIFICATION Biswajit Dhar An assessment of the nature and extent of foreign control in the Indian economy necessitates a discussion on the concepts and definitions of what can be considered a foreign controlled enterprise. The need for such a discussion arises primarily because of the absence of any clear official definition of foreign capital in the country. One would normally presume that different administrative wings of the Government, like the Ministries of Company Affairs, Industrial Development and Finance, who administer various regulations, would not only have conceptual clarity but would also have evolved a legal framework to deal with different forms of foreign private capital including the Transnational Corporations (TNCs). TNCs are not recognised as any one variety of companies by the Indian laws. There is no legal definition of a TNC. Foreign private capital has been treated by different agencies in the Government in different ways. The dissimilarity in approaches of the agencies is particularly a marked one. The Companies Act, 1956, enacted in 1956 treats an undertaking as a 'branch' of a foreign company if the parent office of the undertaking is incorporated elsewhere than India (Section 591). Under Section 4 of the Companies Act 'a subsidiary' of a company would be an undertaking in which more than half the voting rights are vested in one company. Indian subsidiaries of foreign companies in popular parlance are known as foreign subsidiaries. The subsidiary concept, however, implies that the majority voting rights should vest in one corporate entity only. If the majority rights are held by two companies, (even when the two happen to be associates or subsidiaries of the same holding company) the undertaking can not be treated as a 'subsidiary of a foreign company'. The Foreign Exchange Regulation Act, 1973 (FERA) requires companies registered in India and having more than 40 per cent foreign equity and branches of foreign companies operating in India to register themselves with the Government. Section 29 (1) of FERA stated that a company (other than a banking company) which is not incorporated under any law in force in India or in which the non-resident interest is more than forty per cent, or any branch of such company, shall not, except with the general or special permission of the Reserve Bank, (a) carry on in India, or establish in India a branch, office or other place of business for carrying on any activity of a trading, commercial or industrial nature, other than an activity for carrying on which permission of the Reserve Bank has been obtained under Section 28; or (b) acquire the whole or any part of an undertaking in India of any person or company carrying on trade, commerce or industry or purchase the shares in India of any such company. (Section 28 of FERA imposed restrictions on the appointment of technical and commercial advisers and also on the use of trade marks by companies having a foreign stake in equity exceeding forty per cent and branches of foreign companies) The guidelines for the implementation of FERA issued in December, 1973, 2 allowed foreign share in equity upto 74 per cent in certain categories. The exemptions made were for companies: (a) engaged in manufacturing activities falling under the list of priority industries, covered under Appendix I of Industrial Licensing Policy, February, 1973; (b) predominantly manufacturing for exports, (minimum exports being 60 per cent of total production); (c) utilising sophisticated technology; (d) tea plantations; (e) in trade but have developed skills or facilities (distribution network etc.) not indigenously available and contributing significantly to exports; (f) branches of foreign companies engaged in shipping, airlines etc. (to be 1 decided on reciprocal basis). Subsequently, in 1976, several other groups of companies were allowed a foreign share exceeding 40 per cent. Companies exporting 40 per cent of total production were 2 allowed a maximum of 51 per cent foreign equity. A similar treatment was proposed to be extended to companies in which production of items falling under Appendix I of the Industrial Licensing Policy together with activities requiring sophisticated technology and 3 exports, accounted for not less than 60 per cent of annual turnover. The companies registered under FERA are treated as a special category of companies and most of the times these are obliged to follow similar rules as specified for Companies registered under the Monopolies and Restrictive Trade Practices Act (MRTPA). The difference between the Companies Act and the FERA as regards treatment of foreign companies is on two counts, namely, (i) the companies having more than 40 per cent equity held abroad (individually or jointly) are treated as a special category whereas the Companies Act followed the concept of majority equity; and (ii) Companies Act does not view the companies from the angle of the nature of activity whereas the FERA permits more than 40 per cent equity in certain specific areas of activity only. In pursuance of the request of the International Monetary Fund the Reserve Bank 1. Goyal, S.K., The Impact of Foreign Subsidiaries on India's Balance of Payments, A study prepared for the Joint CTC - ESCAP Unit, Bangkok, 1979, p. 6. 2. India "Guidelines for Administering Section 29 of Foreign Exchange Regulation Act, 1973", Ministry of Finance, Dept of Economic Affairs, December 20, 1973, reproduced in Iyer K.V. and Kumar L.R., Foreign Collaboration in Industry : Policies and Procedures, Vol. II, Indu Publications, 1985, New Delhi, pp. ECR 21-27. 3. India "Clarification and Amplification of Guidelines issued for Administering Section 29 of FERA, 1973", Ministry of Finance, Dept of Economic Affairs, April 16, 1976, ibid., pp ECR 28 ff. 3 4 of India (RBI) undertook Census of India's Foreign Liabilities and Assets (1948) (CIFLA). RBI examined various concepts and definitions for the CIFLA. The RBI concluded that a company could be treated as a foreign controlled company if , (a) 40 per cent or more of its shares were owned in any one country outside India, (b) it was a subsidiary to a parent company in any country registered abroad, (c) 25 per cent or more of its shares were owned by a foreign-controlled Indian Joint Stock Company, which was not a managing agent, and (d) it was a company managed by a foreign-controlled 5 managing agency company. The exercise was repeated by the RBI in the same format upto 1961 after which the RBI has been publishing an annual survey of "India's International Investment Position" of the (a) branches; (b) subsidiaries of foreign companies, and (c) a selected number of other undertakings having foreign equity capital. In these RBI, for purposes of the annual surveys, takes 25 per cent or more of foreign 6 equity in a company as a basis for classifying a company as under "foreign control." The diverse ways in which different wings of the Government have tried to identify a foreign controlled company raises the question as to what should be the percentage of voting rights that can be considered as adequate to classify a company as 'foreign controlled'? The criteria for classification as foreign controlled or otherwise, should be of necessity be based on a variety of socio-economic and business realities of the country and the times. In an economy where foreign capital is at premium and no restrictions are placed on their operations, most of the foreign controlled companies may indeed be in the form of foreign branches or 100 per cent foreign owned. On the other hand, if there were restrictions on the level of ownership, a foreign company may forgo the ownership rights but ensure hold over management through non-equity forms of participation. Also, the extent of share holding requirements to retain management control may vary depending on the nature and spread of share holders. These questions have found a place in a few important public documents which we shall discuss below. In India, efforts at identification of groups of inter-connected undertakings, having 7 common control and management have been undertaken from time to time. In this regard conglomerates have been described as Business Houses, Industrial Houses, Big Business, or Monopoly Houses to underline the fact that business undertakings although 4. R B I, Report on the Census of India's Foreign Liabilities and Assets, as on 30th June, 1948, Examiner Press, 1950. 5. ibid., p. 36 ff. 6. The RBI adopted this definition after 1970-71. By way of a footnote to the survey, the RBI introduced the new definition which has been followed ever since, see, "Finances of Branches of Foreign Companies and Foreign Controlled Rupee Companies", Reserve Bank of India Bulletin, October, 1973. 7. Prior to 1970 the Indian economic system had the institution of 'managing agents'. The system was helpful in identifying the 'management control' even if the pattern of share holding was widely dispersed. The Managing Agency System was a legacy of the colonial rule and it played an important role in the economic structure of the pre-independence period and was abolished in 1969. 4 each one having a separate legal identity and status, have often common control and 8 formal and informal mechanisms of business coordination. In India, the business coordination has generally centered around families and as a consequence, most conglomerates are known after one or the other 'family' name (Tata, Birla, Thapar, Modi, etc.,). For a variety of reasons, foreign companies, subsidiaries or other closely related companies have never been grouped together in India to reflect the magnitude of 9 worldwide operations of the conglomerate operating in the country. India continued to be the reference point for the in-groupings. This practice has introduced a major weakness in the Indian regulatory laws relating to foreign private investment. For instance, for MRTPA regulations, many of the large international conglomerates did not attract the anti-monopoly provisions because the Indian enterprise (a Branch, a foreign subsidiary or a foreign controlled or associate) is seen in itself as an entity independent of other corporate associates in the world. For the present exercise indicators of "control" have been applied in a similar manner as is generally attempted for determining House association of corporate bodies in India. It may be recalled that apart from the individual attempts to 10 determine the composition of Big Business Houses (R.K. Hazari and Asoka Mehta), the first official exercise at determination of House composition was undertaken by the Monopolies Inquiry Commission (MIC) in 1964. For determining the nature of 11 management control the criterion adopted by MIC was majority equity. The majority equity concept was adopted on the assumption that one needs to have more than 50 per cent shares to enjoy undisputed control over a company's management. The Industrial Licensing Policy Inquiry Committee (ILPIC) in 1969, argued that one does not require majority equity to gain control over a company. Since there are important non-voting shareholders (like public financial institutions, insurance companies and trusts, who hold large blocks of shares) the equity criterion should be applied at one-third of the 'effective 12 equity.' The MRTPA initially adopted a similar approach as that of the ILPIC but with a 8. Goyal, S.K., Monopoly Capital and Public Policy, Allied Publishers, 1979, p. 1-2. 9. While these concepts exist, at no time the Company Law Department (CLD) or any other official body has undertaken an exercise to identify companies under the same management, especially in the regard to companies having foreign equity holdings. The CLD has taken a view that `foreign' located share holders have to be treated as independent of each other because Indian Corporate Laws cannot be extended to foreign share holders. There, undoubtedly, would be difficulties in tracing international linkages, but with `right to information' in countries like USA and publication Business Directories it is a task to be taken up by agencies like the CLD. In this regard the setting up of CTC and their corporate profiles and information system can prove of considerable advantage. 10. Hazari, R.K., The Structure of Corporate Private Sector, 1966, and Mehta, Asoka, Who Owns India, Hyderabad, 1950. 11. India, Report of the Monopolies Inquiry Commission, 1965, Vol.1, p. 5. 12. India, Report of the Industrial Licensing Policy Inquiry Committee (ILPIC), Main Report, p. 15. The concept of 'House' or Big Business has been discussed in detail in Goyal, S.K., Monopoly Capital and Public Policy, especially Chapter 3. 5 difference. MRTPA took one-third of total equity as opposed to 'effective equity' taken by ILPIC to identify control by a group. Subsequently the changed criterion to one-fourth of 13 the total equity through an amendment. The primary purpose of citing the ILPIC and MRTPA is to underline that the FERA approach for identifying a foreign controlled is more liberal than the general approach adopted by the ILPIC or the MRTPA with regard to determination of control for the Indian companies. If one were to take the well known and internationally accepted business practices the FERA approach would seem to be only too liberal and out of tune with business realities of the present day. For instance, the Who Owns Whom an international business directory takes 10 per cent share holding as a basis 14 to classify companies as 'associates'. The International Monetary Fund (IMF), at one time had suggested 25 per cent or more ownership by a single holder or organised groups of holders in an investor country as 15 a basis to categorise a company as a foreign controlled one. Subsequently, the Fund has revised its definition as it had found that control can be exercised with a share as low as 10 16 per cent of voting rights or equity capital. Most of the industrially advanced countries take a lesser share of foreign equity for identifying "foreign control" over an enterprise. For instance, in Japan, an undertaking with 20 per cent or more of foreign equity is treated as foreign controlled. France has also adopted 20 per cent foreign equity as the dividing line between foreign controlled companies and those controlled by French nationals. USA generally takes a lower percentage of foreign equity holding to identify "foreign controlled companies". A survey conducted by the U.S. Department of Commerce in 1975 defined a "foreign controlled 17 firm" as one having ten per cent or more of foreign equity. Several studies on the structure and control in the corporate sector show that 18 control over an enterprise can be exercised with a small minority of votes. With ever 13. Chalapati Rao, K.S., "A Study of Inter-Connections under the MRTP Act. In the Context of the Proposed Asset Limit Hike", Corporate Studies Group Working Papers, Vol.I, 1985, fn. 7. Also published in Economic and Political Weekly, July 6, 1985. 14. Who Owns Whom : A Directory Showing Links Between Parent, Subsidiary and Associate Companies and Membership of Consortia, London, Dun and Bradstreet Ltd, 1978, p. xi. 15. IMF, IMF Balance of Payments Year Book: Concepts and Definitions, 1964. Washington D.C., November 1964, quoted by Billerbeck, K. and Yasugi Y, "Private Direct Foreign Investment in Developing Countries", World Bank Staff Working Paper No. 348, July 1979, p. 47. 16. IMF, Balance of Payments Manual, Fourth Edition. Washington D.C. 1977, quoted by UNCTC, Salient Features and Trends in Foreign Direct Investment, United Nations, 1983, p. 26 17. See: U S A, Dept of Commerce, Foreign Direct Investment in the United States, April 1, 1976. 18. Nymen, Steve and Silberston, Aubrey, The Ownership and Control of Industry, Oxford Economic Papers, No 1, March 1978, pp. 74-101, quote a series of studies where the question of corporate control through ownership of total votes have been discussed. Berly and Means, The Modern Corporation and Private Property, 1932, suggested that control can be exercised 6 expanding number of shareholders combined with inter-corporate investments and presence of large institutional (not voting) share holders , the management control can be exercised by a very small group of share holders who may have only a marginal stake in 19 the overall risk capital. The process of the widening spread of shareholders gets, invariably, strengthened due to the operation of the stock exchanges. The data compiled by us at the Institute for Studies in Industrial Development (ISID) show that in most of the large companies the managements hold a far lower percentage of equity than what is generally considered necessary to gain or retain the control. For instance, in India's largest private sector company, the Tata Iron and Steel Co., the share holdings of the Tata House are placed around only 2 per cent. The share of the Directors of the company was 0.08 per cent only. The inter-corporate investments accounted for 8.11 per cent. Even if one assumes that the above mentioned investments are by the Tata house companies (in reality it is not so), the total stake of the controlling Business house would be less than 10 per cent. ILPIC had found that the phenomenon of control through the ownership of a small share of votes was quite common and to substantiate this point it gave an illustrative list of companies in which the controlling group had a share which was less than 10 per 20 cent in total equity. The Indian regulations prescribe a minimum share in equity capital which must be held by the promoters. The statutory minimum is dependent on the size of the companies; it varies between 10 and 15 per cent for companies whose sizes are more than Rs. 2 crores and less than Rs. 1 crore. We consider that (i) in view of the widely accepted practice a lower percentage of equity holding by non-nationals should be taken to indicate "foreign control"; and (ii) there is need to take note of the non-equity forms of management control. In the present exercise foreign controlled companies (FCCs) have been identified on the basis of a 10 per cent or more of foreign holding in equity. Most companies identified by us as FCCs have business links and collaborations beyond equity participation. There are technical collaborations, nominations of foreign directors on their Boards and consultancy, marketing arrangements, trade marks and patent obligations and many a time sharing of by holding 20 to 50 per cent of total votes. Later, Larner, Management Control and the Large Corporation, 1970, suggested that even with 10 per cent of votes control can be exercised. An official report of the U.S. Government, in 1968, (Patman Committee) Commercial Banks and their Trust Activities found that 5 per cent of total votes was sufficient for control. This view was corroborated by Chevalier, "The Problem of Control in Large American Corporation", Anti-Trust Bulletin, 14, 1969. 19. In a number of large companies in India, public sector financial institutions have been found to hold a substantial share of equity capital. In companies like Tata Electric and Locomotive Co. Ltd. (TELCO), Tata Iron and Steel Co. Ltd. (TISCO) and Voltas, public sector financial institutions held more than 40 per cent of the total equity share. Some companies, like Escorts and Kirloskar Pneumatic the public sector financial institutions held more than 50 per cent of the shares. This point has been discussed in Goyal, S.K., "Private Managements and Take Overs of Public Owned Companies", Corporate Studies Group Working Papers, Vol. I, p. 118- 131. 20. India, Report of the Industrial Licensing Policy Inquiry, p. 16. 7 common top level managerial pool. A few companies in this category belong to the large industrial houses (LIH), and these include Mahindra and Mahindra, Kirloskar Electric, Tata 21 Engineering and Locomotive Co. Ltd. (TELCO) and Khatau Junker. This, in our view, is significant from the point of identifying the dominant influence in enterprises where the Indian partner belongs to the more powerful of the business groups operating in India. The data we have put together in the Annexures below have been compiled from various sources. The main sources are the balance sheets of the companies in the Corporate Studies Group. The official directory of the Bombay Stock Exchange and the Statistics of the Controller of Capital Issues under the Ministry of Finance are the two other sources from which we have collected the data. In Annexure I we have provided a consolidated list of 419 Foreign Controlled Companies (FCCs) identified by us along with data on percentage of foreign holding, total paid up capital and total assets for the year we have been able to gather information. In Annexures II to VI we have provided different categories of foreign branches in 1984. Annexure II gives a list of active branches in India which are operating in areas other than air and sea transport and banking. Branches in these two areas are listed in Annexures III and IV. In Annexure V we have provided a list of liaison offices. These enterprises are treated at par with other branches by the Companies Act. In Annexure VI we have listed the branches which appear in the official list of branches provided by the Department of Company Affairs, but have not submitted their annual returns after 1980. Annexure VII contains a list of all the new foreign controlled companies that have been established in the period between 1984 and December 1985. For this set of companies, financial data are available only in respect of the paid up capital and the percentage of foreign holding. And finally, in Annexure VIII we have listed Government companies which have foreign share in excess of 10 per cent in 1983-84. 21. In Mahindra Ugine Steel Company Ltd, a prominent company belonging to the Mahindra House, there were 4 foreign directors on the board in 1984. In a number of companies like Khatau Junker (Khatau House), Mahindra and Mahindra (Mahindra), Kirloskar Electric Co. (Kirloskar), there were two foreign directors on the board, while companies like TELCO, and Hindustan Sanitaryware had one foreign director. Annexure - I List of Foreign Controlled Companies Operating in India in 1984 Name (1) Foreign Associate (2) House Association (3) Ind Cl Yr Inc Ref Yr % of Foreign Holding (5) (6) (7) (8) UK UK Sweden UK UK 3.49 3.49 4.71 3.80 3.59 60 45 60 46 56 84 82 82 84 84 48.99 40.00 20.00 40.00 40.00 95.52 225.00 110.00 225.00 32.00 215.30 261.26 451.37 1022.60 542.74 USA UK UK UK 3.80 3.59 3.60 3.49 3.69 56 63 65 19 37 84 83 84 84 84 40.00 18.25 40.00 40.00 51.00 280.29 24.00 280.00 105.00 481.24 3269.26 141.55 590.89 1431.28 0.00 602.26 0.01 30.00 219.84 49.80 0.00 0.01 272.93 2217.70 388.84 (4) A P E Bellis India Ltd A P V Texmaco Ltd A R Packaging Systems Ltd Abbott Laboratories India Ltd Acrow India Ltd Northern Engg Inds Plc A P V Holdings Ltd A B Akeslund & Rausing Abbott Laboratories Acrow Ltd Aegis Chemical Inds Ltd Ahura Welding Electrode Mfrs Ltd Albright Morarji & Pandit Ltd Alfred Herbert India Pvt Ltd Alkali & Chemical Corpn of India Ltd East Africa Match Co Allwyn Nissan Ltd Amexco Nominees Pvt Ltd Amgoori India Ltd Antifriction Bearing Corporation Ltd Arora Matthey Ltd Nissan Motor Corpn American Express Co Amgoorie Invt Ltd Creditanstalt Bankverein Japan USA UK Austria UK 3.22 6.01 0.30 3.59 3.59 83 63 77 59 64 84 83 83 84 84 40.00 100.00 73.33 20.16 40.00 Ascu Hickson Ltd Asea Ltd Ashok Leyland Ltd Asian Agro Farm India Ltd Aspinwall & Co Ltd Hickson Timber Co Asea Ab British Leyland Ltd Ashok Leyland UK Sweden UK USA UK 4.59 3.39 3.22 0.20 6.30 64 50 48 61 20 84 84 84 84 82 11.94 31.17 46.06 50.00 55.22 Assam Co India Ltd Assam Frontier Tea Co Ltd Inchcape Group Assam Forntier Tea Hldgs L Apeejay UK UK 0.30 0.30 77 77 84 84 74.00 74.00 Albright & Wilson Herbert Ltd ICI Jardine Hendrs Birla Swedish Match Country of Foreign Associate Walchand Dharamsi Morar Kirloskar ICI PUC Assets --------------------(Rs. Lakhs) (9) (10) 62.00 142.79 190.33 2372.82 1813.00 28623.61 12.50 80.87 35.88 469.41 350.00 300.00 2050.47 1954.36 Contd/... (1) (2) Associated Bearing Co Ltd Astra-idl Ltd Atic Industries Ltd Aktiebolaget Svenska Kullager Astra Pharmaceuticals Ab I C I Ltd Atlas Copco (I) Ltd Audco India Ltd Aurobrite India Pvt Ltd Automotive Axles Ltd Avery India Ltd Atlas Copco AB Badulipar Ltd Bajaj Auto Ltd Bajaj Tempo Ltd Bakelite Hylam Ltd Banco Products (I) Ltd Badulipar Tea Co Ltd Baroda Rayon Corpn Ltd Basf India Ltd Bata India Ltd Bayer India Ltd Bazaloni Group Ltd Snia Viscosa Spa Basf Ag Leader Ag Bayer Ag Bazaloni Tea Co Ltd (3) (5) (6) Sweden Sweden UK 3.59 3.80 3.62 61 79 55 84 82 84 51.00 25.77 50.00 882.35 249.61 600.00 8587.90 594.86 3010.40 Sweden UK W Germany USA UK 3.44 3.39 3.59 3.22 3.49 60 61 61 81 47 84 84 82 84 84 39.91 50.00 33.33 40.00 40.00 487.58 225.00 7.50 825.00 420.00 1924.71 1082.36 38.86 1233.26 1882.37 UK Switzerland W Germany UK 0.30 3.22 3.22 3.64 3.29 80 45 58 47 0 82 84 84 84 84 74.00 10.00 26.07 40.01 34.05 20.00 141.29 318.43 449.92 90.15 267.45 1446.94 8434.92 1977.86 561.34 Italy W Germany Switzerland W Germany UK 2.63 3.64 2.92 3.89 0.30 58 43 31 58 77 84 84 84 84 84 11.96 50.00 40.00 51.01 74.02 1214.38 284.00 525.00 811.00 64.98 4726.66 3090.92 7418.41 4484.94 384.90 UK W Germany UK 3.39 3.44 3.49 1.00 11 0 75 6 84 84 84 84 19.54 40.00 35.00 94.33 360.05 73.13 50.00 14.30 7284.59 0.00 334.48 43.34 Tata Wallace Modi USA UK W Germany UK USA 3.49 6.01 3.80 6.01 4.40 61 48 59 63 30 84 84 84 84 82 33.33 100.00 38.40 12.31 74.00 127.50 3.50 100.00 552.55 450.00 1678.40 61.09 653.56 3304.37 2793.25 Thapar T V S Iyyengar UK USA UK 3.80 4.31 3.22 44 62 62 84 84 84 79.50 39.55 49.00 362.27 224.41 598.00 1646.76 1090.46 3400.04 Tata IDL ICI Larsen & Toubro Rockwell Intl Corpn Averys Ltd Daimler Benz Bakelite Ltd Best & Crompton Engineering Ltd Bharat Fritz Werner Ltd Bharat Westfalia Ltd Bhulanbararee Coal Co Ltd Gewerschaft Eisenhardt Westfal East Indian Coal Co Ltd Bimetal Bearing Ltd Blackwood Hodge (I) Pvt Ltd Boehringer Knoll Ltd Bombay Burmah Trading Corpn Ltd Bombay Tyres Intl Ltd Gould Inc John Backwood Hodge Co Boehringer Mannheim Gmbh Wallace Brothers & Co Firestone Tire & Rubber Co Boots Co India Ltd Borosil Glass Works Ltd Brakes India Ltd Boots Co Ltd Corning Glass Works Lucas Inds Ltd Bajaj Firodia Union Carbide Gaekwad F Khatau Simpson (4) (7) (8) (9) (10) Contd/... (1) (2) (3) (4) (5) (6) (7) (8) UK UK 2.30 3.59 18 43 84 84 42.72 100.00 (9) Britannia Industries Ltd British Steel Piling Co (I) Pvt Ltd Huntley & Palmer Foods Plc Le Bas Invt Trust Ltd Brooke Bond India Ltd Buckau Wolf India Ltd Burroughs Wellcome (india) Ltd Bush Boake Allen Ltd C W S India Ltd Brooke Bond Liebig Fried Krupp Gmbh Wellcome Foundation Ltd Tennessee Inc Co-operative Wholesale Societ Brooke Bond UK W Germany UK UK UK 0.30 3.49 3.80 3.81 0.30 12 47 48 31 77 84 84 84 84 84 40.03 49.88 100.00 39.74 55.64 1512.21 12066.29 199.57 0.00 50.00 2051.12 108.60 582.55 133.00 752.07 Cambridge Instruments (I) Ltd Carborundum Universal Ltd Ceat Tyres of (I) Ltd Cemindia Ltd Century Enka Ltd British Petroleum Ltd Ceat Spa Trafalgar House Invts Ltd Akzo Nv Murugappa Goenka USA Italy UK Netherlands 4.95 4.39 4.40 8.50 3.64 0 54 58 78 65 84 84 84 84 84 16.59 22.52 33.53 31.88 40.37 10.61 0.00 422.94 3957.80 621.44 17194.99 128.02 1175.40 801.02 17773.79 Chemicals & Fibres of (I) Ltd Chemicals & Plastics (I) Ltd Chloride India Ltd Cibatul Ltd Citurgia Biochemicals Ltd ICI Ltd B F Goodrich Co Chloride Group Ltd Ciba Ltd John E Sturge Ltd ICI UK USA UK Switzerland UK 2.63 3.64 3.39 3.64 3.80 61 62 47 60 0 83 84 84 84 84 55.00 25.75 50.92 30.00 35.00 748.36 348.88 1290.92 400.00 300.00 3004.16 2996.56 3455.24 1029.95 1624.62 Cleveland Construction Co Ltd Clive Street Nominees Pvt Ltd Coates of India Ltd Colgate Palmolive (I) Ltd Colour Chem Ltd Cleveland Bridge & Engg Co Lt Grindlays Holdings Ltd Coates Brothers & Co Ltd Colgate Palmolive Co Farbenfabriken Bayer Ag UK UK UK USA W Germany 6.01 6.52 3.84 3.81 3.62 57 35 47 37 56 84 84 84 84 84 100.00 100.00 40.00 40.00 32.80 0.10 0.01 110.62 393.00 794.06 1.02 0.01 1024.74 1882.09 4454.56 Communication & Power Eqpt Co Ltd Consolidated Coffee Ltd Consolidated Pneumatic Tool Co (I) Ltd Corn Products Co (I) Ltd Coromandel Fertilizers Ltd Renold Ltd Volkart Brothers Hldgs Ltd Chicago Pneumatic Holding C P C Intl Intl Minerals & Cheml Corpn Tata Switzerland UK 3.10 UK USA USA 3.39 43 3.44 2.31 3.65 42 84 84 20.28 57 84 31 84 61 82 26.00 500.85 40.00 40.00 47.00 120.00 335.40 1869.65 436.75 1669.94 75.00 465.17 1533.12 11886.87 Crescent Dyes & Chemicals Ltd Crompton Greaves Ltd Cyanamid India Ltd ICI Ltd Hawker Siddeley Group Ltd American Cyanamid Co ICI Thapar Kasturbhai Lal UK UK USA 3.60 3.39 3.80 40.00 37.50 55.00 240.00 1325.52 960.00 12823.08 455.95 1791.91 Birla Chloride Kasturbhai Lal ITC Khatau 23 47 47 82 84 84 884.14 0.10 (10) 3939.20 0.18 Contd/... (1) (2) D C M Toyota Ltd D L F Universal Ltd Toyota Motor Corpn American Electric Co Dagger Forst Tools Ltd Danfoss India Ltd Darjeeling Consolidated Tea Co Ltd Darjeeling Plantation Inds Ltd David Brown Greaves Ltd Alfred H Schutte Werkzeug Mas Davy Ashmore (I) Ltd Delta Hamlin Ltd Dental Products of (I) Ltd Doamara Tea Co Ltd Dobson & Barlow Pvt Ltd Davy Loewy Ltd Hamlin Inc Dentsply Intl Plc Dollo Tea Co Ltd Doom Dooma (I) Ltd Dr Beck & Co (I) Ltd Drayton Greaves Ltd Dunlop India Ltd Dollo Tea Co Ltd Doom Dooma Tea Co Ltd Dr. Beck & Co Spirax-sarco Engg Ltd Dunlop Holdings Ltd Duphar Interfran Ltd E Hill & Co Pvt Ltd E M A India Ltd E Merck India Ltd Eastern Bank Trust Extrs Co (I) Pvt Ltd Nv Philips-duphar Bowater Corpn Easun Reyrolle Relays & Devices Ltd Eicher Goodearth Ltd Eimco Elecon (I) Ltd Empire Plantations (I) Ltd Enfield India Ltd English Electric Co of (I) Ltd Ennore Foundries Ltd Escorts Tractors Ltd Everest Building Products Ltd Northern Engg Inds Ltd Darjelnig Co Ltd David Brown (holdings) Ltd (3) (4) (5) (6) Shriram Japan USA 3.22 3.39 83 63 84 84 26.05 14.70 1496.90 174.37 0.00 5505.03 W Germany Denmark UK UK UK 3.44 4.95 0.30 0.30 3.39 65 72 75 76 60 84 84 83 84 84 48.58 40.00 66.67 74.00 25.87 78.00 55.00 24.00 60.00 206.54 932.23 342.35 144.16 219.11 1055.00 UK USA UK UK UK 8.50 3.39 3.80 0.30 6.30 72 82 62 0 47 84 84 84 83 84 40.00 15.00 30.62 74.00 100.00 180.83 120.00 20.00 175.00 3.00 4891.23 139.26 71.55 1058.77 0.06 UK UK W Germany UK UK 0.30 0.30 3.64 4.95 4.40 77 77 56 60 36 84 84 83 84 84 99.94 74.00 49.24 49.00 39.58 UK UK W Germany W Germany UK 3.80 2.68 3.49 3.80 8.50 51 20 71 67 34 84 84 82 84 84 39.13 74.00 27.62 51.00 100.00 138.00 10.81 19.07 275.00 5.00 855.35 223.23 197.05 2094.31 30.04 UK UK USA UK UK UK UK USA UK 3.39 3.41 3.59 0.30 3.29 3.39 3.10 3.41 4.33 0 59 74 77 55 57 59 65 34 84 84 84 84 84 84 84 84 84 24.89 23.70 38.99 73.33 26.28 66.67 59.09 40.00 49.46 45.00 76.70 24.75 60.00 156.00 450.00 452.50 250.00 246.67 253.32 1870.25 361.25 530.19 4247.09 2812.72 2200.78 2936.88 2320.73 Thapar Tata Wallace Textile Machinery Makers Ltd Brooke Bond Mahindra Thapar Dunlop E Merck Standard Chartered Bank Ltd Envirotech Empire Plantation & Invt Ltd Villers Engg Ltd English Electric Co British Leyland Intl Hldng Ford Motor Co Turner & Newall Ltd V Ramakrishna GEC Ashok Leyland Escorts Asbestos Cement (7) (8) (9) (10) 17.61 250.68 175.00 1403.91 192.94 1357.88 10.29 74.06 1898.92 24307.75 Contd/... (1) (2) Ewac Alloys Ltd Eyre Smelting Pvt Ltd F G P Ltd Fabindia Overseas Pvt Ltd Facit Asia Ltd Fairbanks Morse India Ltd Lead Inds Group Ltd Fibreglass Ltd Fabindia Inc Electrolux Ab Flakt India Ltd Flender Macneill Gears (I) Ltd Food Specialities Ltd Frick India Ltd Fulford India Ltd Flakt Ab A Friedr Flender Gmbh & Co Nestle Holdings Ltd Frick Ltd Schering Plough Corpn Furmanite Nicco Ltd G L Rexroth Maneklal Industries Ltd Gabriel India Ltd Gammon India Ltd Garg Associates Pvt Ltd (3) Wall Rope Inds Ltd Gedore Werkzeugfabrik Otto Do General Electric Co Ltd Williamson Tea Holdings Ltd Gestetner Ltd Glindia Ltd Godfrey Phillips (I) Ltd Goetze India Ltd Gokak Patel Volkart Ltd Gestetner Holdings Glaxo Group Ltd Philip Morris Inc Goetze Ag Gontermann Peipers (I) Ltd Goodlass Nerolac Paints Ltd Goodricke Group Ltd Goodyear India Ltd Gontermann Peipers Gmbh Cookson Group Plc Western Dooars Invts Ltd Goodyear Tire & Rubber Co Ltd (6) (7) (8) (9) (10) France 3.39 62 84 40.00 64.00 640.00 Gillanders UK UK USA Sweden USA 3.00 4.31 6.01 4.99 3.49 31 62 0 62 0 84 84 84 84 84 74.00 39.69 40.00 39.30 35.00 20.00 326.55 20.00 136.50 13.00 430.62 1462.99 117.44 724.69 0.00 Sweden W Germany Bahama Isla USA UK 6.11 3.49 2.39 3.39 3.80 60 61 59 62 48 84 84 84 84 84 51.00 50.00 40.00 51.00 40.00 255.00 135.70 720.00 60.00 40.00 2083.19 810.02 3969.24 886.40 768.08 UK W Germany USA UK USA 8.50 3.49 3.22 8.50 3.39 0 74 61 22 63 84 84 84 84 83 36.00 35.00 39.00 25.11 50.00 10.00 75.00 264.00 216.38 4.00 41.48 529.28 1819.88 7410.96 66.52 USA W Germany UK UK W Germany 3.64 3.44 3.39 0.30 3.80 76 60 11 77 49 84 84 84 84 84 20.00 51.00 52.08 61.74 36.95 60.00 470.60 720.00 350.00 326.40 912.62 2503.44 6640.91 5385.89 3084.39 UK UK UK W Germany Switzerland 3.49 3.80 2.50 3.22 2.60 0 24 51 54 19 84 84 84 84 84 40.00 40.00 40.00 25.71 10.00 130.00 2000.00 259.97 462.19 326.14 875.00 9936.60 5165.15 1869.66 3617.98 W Germany UK UK USA 3.00 3.84 0.30 4.40 66 20 77 22 84 84 84 84 40.00 39.50 74.00 59.93 135.00 324.00 360.00 748.28 699.86 4331.32 3691.05 9468.29 Tata Macneil Magor Anand DC Gammon W L Gore & Associates Inc Garware Wall Ropes Ltd Gedore Tools (I) Pvt Ltd General Electric Co of (I) Ltd George Williamson (Assam) Ltd German Remedies Ltd (5) Larsen & Toubro Nicco G L Rexroth Gmbh Federal Mogul Corpn (4) Garware GEC Macneill Magor Modi Escorts Tata Tata Contd/... (1) (2) (3) Gordon Woodroffe Ltd Gordon Woodroffe Co Gramophone Co of (I) Ltd Graphic Charts Ltd Graphite India Ltd Graphite Vicrab (I) Ltd Greaves Dronsfield Ltd Thorn Electrical Inds Ltd Times Mirror Co Great Lakes Carbon Corpn Vicarb Sa Dronsfields Estates Ltd Goenka Greaves Foseco Ltd Greaves Midwest Engg Co Ltd Gresham & Crawen of (I) Pvt Ltd Foseco Minsep Ltd Midwest Conveyor Co Inc Westinghouse Brake & Signal C Thapar Thapar Grindwell Norton Co Ltd Groz-beckert Saboo Ltd Norton Co Groz Beckert Intl Guest Keen Williams Ltd H M M Ltd Harrisons Malayalam Ltd Hein Lehman India Ltd Hercules Hoists Ltd Guest Keen Nettlefolds Ltd Beecham Group Ltd Harrisons And Crosfield Ltd Kohlensame Industrie Ag Heinrich De Fries Gmbh GKW Herdillia Chemicals Ltd Hind Rectifiers Ltd Hindustan Aluminium Corpn Ltd Hindustan Brown Boveri Ltd Hindustan Ciba-giegy Ltd Hercules Inc Westinghouse Brake & Signal C Kaiser Aluminium Corpn Bbc Brown Boveri & Cie Ciba Geigy Ag Parry Hindustan Cocoa Products Ltd Hindustan Dorr Oliver Ltd Hindustan Electro-graphities Ltd Hindustan Ferodo Ltd Hindustan Gum & Chemicals Ltd Cadbury Schweppes Overseas Dorr Oliver United Brewer Hindustan Lever Ltd Hindustan Sanitaryware & Inds Ltd Hoechst India Ltd Unilever Ltd Reed Intl Ltd Farnerke Hoechst Material Ltd & Turner Newall Celenese Corpn Bangur Bangur Thapar Bajaj Birla Larsen & Toubro ICI Rajasthan Spg Asbestos Cement Hindustan Lever Birla United Brewer (4) (5) (6) (7) (8) (9) UK 2.90 64 84 40.00 149.90 1169.72 UK USA USA France UK 3.39 3.39 4.09 3.49 4.39 46 68 62 81 58 84 84 84 84 84 39.84 49.00 23.40 25.19 50.08 180.71 15.00 420.75 79.39 6.39 1736.36 46.84 4008.41 302.09 10.67 UK USA UK 3.69 3.49 3.49 58 83 35 84 83 84 50.00 60.00 100.00 134.11 30.00 9.33 755.23 0.00 120.57 USA Switzerland 4.39 3.59 50 63 84 84 40.00 59.09 463.06 110.00 3245.11 371.19 UK UK UK W Germany W Germany 3.00 6.00 0.30 4.99 3.39 31 58 77 65 62 84 84 84 84 84 50.19 36.00 40.00 49.00 33.33 2253.09 14931.87 515.69 1954.54 325.00 3120.89 77.69 450.94 30.00 193.19 UK UK USA Switzerland Switzerland 3.60 3.39 3.10 3.39 3.80 63 58 58 49 47 84 84 84 84 84 44.48 26.72 17.82 33.39 52.51 735.00 3506.93 29.94 549.55 1838.38 22110.02 400.00 5452.71 1770.78 6463.82 UK USA France UK USA 2.30 3.49 4.09 3.22 3.83 48 74 72 64 75 84 84 84 84 83 40.00 66.67 27.14 58.40 50.00 UK USA W Germany 3.82 4.30 3.80 33 60 56 84 84 84 51.00 24.52 40.00 300.00 118.80 714.55 446.95 30.00 (10) 1810.09 2922.40 2623.63 1875.42 193.44 4666.23 30593.93 105.23 2292.18 957.69 6499.39 Contd/... (1) (2) Hoist-o-mech Ltd Holman Climax Mfg Ltd Chanarai Instrument Corpn Lt Compair Ltd Holman Climax Rock Drills India Ltd Holtech Engineers Pvt Ltd Hongkong Bank (agency) Pvt Ltd Horstmann India Pvt Ltd Humpherys & Glasgow Consultants Pvt Ltd Climax Rock Drill & Engg Ltd Hydraulics Ltd I A & I C Pvt Ltd I D L Chemicals Ltd I E L Ltd I G E India Ltd (3) (9) (10) 40.00 60.00 25.00 25.00 270.54 235.38 83 82 83 83 82 100.00 31.33 100.00 34.84 40.00 0.03 3.00 5.01 44.67 10.00 0.27 0.00 5.35 0.00 930.63 0 62 61 53 30 84 83 84 84 84 33.78 39.80 40.00 50.83 40.00 9.62 0.00 20.00 151.63 628.67 3976.79 4087.06 32398.83 20.00 0.00 2.50 4.40 8.50 3.22 3.49 8 58 82 82 63 84 84 83 84 84 39.98 40.00 40.00 25.97 49.00 2728.80 35559.00 36.00 238.43 250.00 0.00 770.00 212.15 49.00 427.90 USA USA UK UK UK 4.40 4.09 3.51 4.93 3.49 78 61 60 73 49 83 83 84 84 84 26.00 37.03 66.67 39.50 30.00 Simpson Australia Japan Canada UK UK 3.22 3.39 3.51 3.39 2.79 62 59 38 20 55 82 83 84 84 84 40.00 75.00 50.50 10.00 57.35 34.00 142.33 240.00 0.00 3250.45 16242.33 628.89 4111.16 325.08 644.58 Mafatlal Italy Switzerland Switzerland 3.62 3.44 3.88 54 74 58 84 84 84 21.41 26.71 48.98 750.00 15070.91 73.00 434.66 122.50 622.52 Bird Heilgers Horstmann Gear Co Ltd Humphreys & Glasgow Ltd Kemanobel Ab ICI IDL ICI I T C Ltd Inarco Ltd Incommet India Ltd Ind Suzuki Motorcycles Ltd Indabrator Ltd British American Tobacco Ltd Armstrong Cork Co Matsushita Electric Indl Co Suzuki Motor Co Ltd Wheelabrator Frye Inc ITC Indag Rubber Ltd India Carbon Ltd India Foils Ltd India Photographic Co Ltd India Pistons Ltd Bandag Inc Great Lakes Carbon Corpn India Foils Ltd Eastman Kodak A E Plc India Pistons Repco Ltd Indian Aluminium Cable Co Ltd Indian Aluminium Co Ltd Indian Cable Co Ltd Indian Card Clothing Co Ltd Alcan Aluminium Ltd Bicc Ltd Carclo Engg Group Ltd Indian Dyestuff Inds Ltd Indian Fine Blank Ltd Indian Gum Inds Ltd Acna Heinrich Schmid Organa Trust T V S Iyyengar JV Patel India Carbon Simpson (4) (5) (6) (7) Bahama Islands UK 3.22 3.49 63 58 84 83 UK Canada UK UK UK 6.01 8.50 6.52 3.49 8.50 64 67 28 61 69 USA Sweden UK USA 3.22 3.60 3.63 3.63 6.01 UK UK Japan Japan USA (8) 275.00 240.00 262.50 100.00 160.00 0.00 1791.38 1887.47 1607.79 1632.87 Contd/... (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) UK USA 5.90 3.42 35 77 84 84 39.76 40.00 1095.11 200.00 8396.01 1283.95 USA UK USA Japan Japan 3.49 2.39 3.59 4.31 4.39 82 60 72 56 82 82 82 82 84 84 49.00 17.31 23.57 40.00 40.00 100.00 126.00 193.33 160.00 249.28 1116.70 279.08 522.88 1280.68 763.92 USA UK 62 79 0 67 63 84 84 84 83 84 53.50 40.00 14.14 40.00 74.00 237.52 150.00 22.00 189.88 394.60 1246.54 1827.41 0.00 1015.52 3079.83 Indian Oxygen Ltd Indian Sewing Machine Co Ltd Boc Intl Ltd Singer Co Indian Xerographic Systems Pvt Ltd Indian Yeast Co Ltd Indicarb Ltd Indo Asahi Glass Co Ltd Indo Matsushita Carbon Co Ltd Xerox Corpn Distillers Co Ltd Adamas Carbide Corpn Asahi Glass Co Ltd Matsushita Electric Indl Co Indofil Chemicals Ltd Indrol Lubricants & Specialities Ltd Industrial Jewels Pvt Ltd Infar India Ltd Ingersoll Rand India Ltd Rohm & Haas Co Burmah Oil Co Ltd Akzo Pharma Bv Ingersoll Rand Co Netherlands USA 3.80 4.00 4.99 3.80 4.99 International Combustion India Ltd International Computers India Mfrs Ltd International Computers India Pvt Ltd International Instruments Ltd Ion Exchange India Ltd Northern Engg Inds Ltd Intl Computers Tabulators Ltd I C L Ltd Vdo Adolf Schindling Ag Portals Holdings Ltd UK UK UK Switzerland UK 3.49 3.49 6.01 3.22 3.49 36 63 52 58 69 84 84 83 84 84 29.33 40.00 100.00 16.00 38.96 108.03 250.00 44.00 200.00 96.09 656.36 1645.40 196.37 1247.75 1301.30 J C Duffs & Co Pvt Ltd J L Morrison Son & Jones (I) Ltd J V Electronics Pvt Ltd Jaya Hind Sciaky Ltd Johnson & Johnson Ltd J C Duffs & Co (london) Ltd Smith & Nephew Associated Co L Johnson & Johnson UK UK USA Switzerland USA 6.01 6.01 3.39 3.59 3.81 19 70 73 0 57 83 84 83 84 84 100.00 40.00 37.50 30.00 75.00 5.25 97.50 32.00 30.00 240.00 19.55 641.99 0.00 210.31 1562.26 Jokai India Ltd Joshi Formulabs Pvt Ltd K S B Pumps Ltd Kareem Cascami Ltd Kelvinator of India Ltd Jokai Tea Holdings Ltd Formulab Canadian Kay Pumps & Invts Lt Cascami White Consolidated Inds Inc UK USA W Germany Italy USA 0.30 4.90 3.39 2.62 3.39 75 62 60 77 60 84 84 84 84 82 74.00 40.00 51.00 40.00 11.30 250.00 32.10 217.54 75.00 177.00 1916.58 213.27 1784.15 355.61 5815.71 Khatau Junker Ltd Killick Halco Pvt Ltd Kinetics Technology India Ltd Otto Junker Gmbh Marshalls (halifax) Ltd W Germany UK Netherlands 3.39 3.39 8.50 64 69 71 84 84 84 16.23 40.00 40.00 71.67 22.50 37.50 626.79 117.38 493.09 Shaw Wallace Modi Firodia Khatau Killick Nixon Contd/... (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Kirloskar Cummins Ltd Kirloskar Electric Co Ltd Cummins Engine Co Brush Electl Engg Co Ltd Kirloskar Kirloskar USA UK 3.49 3.39 62 46 84 83 50.08 21.13 1320.00 613.24 8715.87 7413.20 Kissan Products Ltd Krebs & Cie (I) Pvt Ltd Kunal Machinery Manufacturers Ltd L & T Macneill Ltd L M Van Moppes Diamond Tools Ltd Cadbury Schweppes Plc United Brewer Larsen & Toubro Simpson UK France W Germany USA UK 2.31 8.50 3.40 3.49 3.44 48 62 80 72 62 83 84 84 84 84 33.00 24.00 30.00 40.00 49.04 16.00 12.50 300.00 221.00 20.25 665.55 1183.39 758.13 968.11 75.66 Lakhanpal National Ltd Lakshman Isola Ltd Lakshmi Automatic Loom Works Ltd Lakshmi Machine Works Ltd Lakshmi Ring Travellers Ltd Matsushita Electric Inds Swiss Insulating Works Georg Fisher Ag Maschinenfabrik Rieter Ag Naidu GV Naidu GV Naidu GV Japan Switzerland Switzerland Switzerland Switzerland 6.01 4.34 3.40 3.49 3.40 72 76 73 62 74 84 84 84 84 84 44.44 50.00 25.00 13.38 25.00 112.50 75.00 300.00 406.38 30.00 1331.28 159.24 1032.36 5236.77 0.00 Lipton India Ltd Lubi Electricals Pvt Ltd Lucas Tvs Ltd M B & Co Ltd Macmillan Co of (I) Ltd Unilever Ltd Hindustan Lever UK Lucas Inds Ltd T V S Iyyengar UK UK UK 0.30 3.39 3.39 6.01 4.80 77 71 61 0 70 84 82 84 84 84 40.00 14.80 51.00 19.94 39.98 1575.00 10.00 1000.00 35.10 47.02 6829.66 237.88 3073.95 0.00 486.65 Macneill & Magor Ltd Madura Coats Ltd Mafatlal Dyes & Chemicals Ltd Magnetic Information Technology Ltd Mahindra & Mahindra Ltd Inchcape Group Coats Patons Ltd Macnell Magor Madura Coats Mafatlal UK UK W Germany USA USA 6.01 2.60 3.62 4.21 3.22 49 74 58 82 45 84 84 84 83 83 26.84 39.91 33.33 66.63 15.10 273.91 6445.33 1453.94 12177.93 252.00 2230.37 82.00 0.00 1144.55 19961.56 Mahindra Sintered Products Ltd Mahindra Ugine Steel Co Ltd Majuli Tea Co Ltd Makum Tea Co Ltd Marshalls (direction) Pvt Ltd Birfield Ltd Pechiney Ugine Kuhlmann Sa Majuli Tea Holdings Mcleod Russel & Co Thos W Ward Ltd UK France UK UK UK 3.59 3.00 0.30 0.30 6.11 60 62 77 71 25 83 84 83 83 83 49.00 12.56 74.00 60.04 100.00 56.39 730.17 45.00 106.06 0.03 652.18 7242.58 640.85 429.25 1.73 Maschmeijer Aromatics (I) Pvt Ltd Mather & Platt (I) Ltd May & Baker (I) Pvt Ltd Naarden Intl Nv Mather Greaves Ltd Rhone Poulene Sa Netherlands UK UK 3.81 3.49 3.80 60 59 50 82 84 84 49.00 60.00 40.00 20.00 320.00 450.00 209.05 2108.85 3093.06 Industriewerk Schaeffler Ing Macmillan Ltd Magnetic Information Techno American Motors Corpn Mahindra Mahindra Mahindra Macneil Magor Mcleod Russel Contd/... (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Mc Leod Russel (I) Co Ltd Mcnally Bharat Engg Co Ltd Mc Leod Russel & Co Ltd Mcnally Pittsburg Inc Mcleod Russel Macneill Magor UK UK 0.30 3.49 76 61 84 84 74.00 38.30 250.00 290.72 2190.15 3550.41 Merind Ltd Metal Box India Ltd Metal Lamp Caps (india) Ltd Merck & Co Metal Box Ltd Metal Box USA UK UK 3.80 3.59 3.39 58 33 63 84 84 84 60.00 36.98 24.00 180.00 896.12 39.26 789.18 7991.46 433.19 USA 3.49 3.80 71 74 82 84 25.00 40.00 0.80 40.00 14.53 188.76 Switzerland USA USA W Germany UK 2.68 3.39 3.64 3.59 3.49 76 83 65 62 60 84 84 84 84 84 24.05 40.00 40.00 16.39 50.84 199.58 991.02 700.00 6.47 140.00 3459.90 0.00 7313.89 356.00 688.44 3.49 3.89 0.30 3.39 3.22 74 49 77 77 78 84 84 83 84 84 40.00 74.09 74.00 40.00 51.00 Mikros Milling Pvt Ltd Miles India Ltd Miles Laboratories Modi Carpets Ltd Modi Xerox Ltd Modipon Ltd Mohatta & Heckel Ltd Molins of India Ltd Arova S Rank Xerox Corpn Rohm & Haas Inc George Heckel Gmbh Molins Ltd Monotype India Ltd Monsanto Chemls of India Ltd Moran Tea Co (I) Ltd Morris Electronics Pvt Ltd Motor Industries Co Ltd Monotype Robert Bosch Gmbh USA USA UK UK W Germany Muller & Philips (I) Ltd Multimetals Ltd Murugappa Morganite Ceramic Fibres Ltd N G E F Aeg Engg Co Ltd Nagarjuna Signode Ltd Muller & Philips Revere Copper & Brass Inc Morganite Ceramic Fibres Ltd Allgemeine Elektricitats Ges Signode Corpn Nagarjuna UK UK UK W Germany USA 3.81 3.50 4.21 3.39 3.59 49 62 82 70 79 84 84 83 84 84 40.00 39.40 30.00 50.73 36.00 Namdang Tea Co (I) Ltd National Cereals Products Ltd National Organic Chml Inds Ltd National Peroxide Ltd National Radio & Electronics Co Ltd Namdang Tea Co Ltd Shell Transport &trdg Co Ltd Solvay &cie Sa/laporte Inds Schlumberger Ltd Mcleod Russel Moham Meakin Mafatlal Nowrosjee Wadia Tata UK Non Residen UK Belgium France 0.30 2.39 3.60 3.60 3.39 71 48 61 54 40 83 84 84 84 84 73.71 12.78 25.00 27.83 39.81 National Wire Herald Works Pvt Ltd Needle Roller Bearing Co Ltd Lemforder Metallwaren Ag France 3.59 3.59 52 65 82 83 31.70 30.00 Modi Modi Modi Moran Tea Holdings 55.08 547.62 5.40 492.58 70.00 672.34 72.00 702.05 1902.57 12437.42 40.00 120.00 100.00 68.00 220.00 73.87 466.36 0.00 771.14 1685.80 119.56 451.05 13.15 352.37 2400.00 16979.45 154.88 1523.84 217.65 2404.34 17.60 140.00 134.26 1379.05 Contd/... (1) (2) New India Inds Ltd Nicholas Laboratories India Ltd Nirlon Synthetic Fibres & Chml Ltd Agfa Gevaert Group Nichols Intl Ltd Australia Nova Silk Ltd Otis Elevator Co (I) Ltd Otto India Pvt Ltd Padmatex Engg Ltd Parke Davis India Ltd Lotus Studio United Technologies Corpn Saizgitter Ag Reiners Verwaltungs Gesellscha Parke Davis & Co Peerless Fabrickerne (I) Pvt Ltd Peico Electronics & Electricals Ltd Peirce Leslie (I) Ltd Pembriel Fluidrine Pvt Ltd Pennwatt India Pvt Ltd Philips Gloeilampenfabriken Steel Brothers Holdines Ltd (3) Ghia Mahindra Philips Pennwalt Corpn (4) (5) (6) (7) (8) (9) (10) W Germany UK Switzerland 2.60 3.80 2.63 48 47 58 84 84 84 25.72 39.96 17.20 Italy USA W Germany W Germany USA 2.62 3.49 8.50 3.40 3.80 82 50 59 81 58 83 84 83 84 84 39.00 56.00 39.34 26.00 40.00 Denmark Netherlands UK UK USA 3.39 3.39 6.01 3.49 8.50 77 30 68 76 59 82 84 84 83 83 51.00 40.00 25.50 32.80 40.00 5.00 73.58 2160.00 19051.74 40.00 890.09 3.78 130.10 40.00 519.36 USA UK Italy Panama USA 3.22 4.59 3.39 3.80 3.39 62 61 60 50 60 84 82 84 84 84 34.89 34.31 10.65 60.43 30.22 139.00 30.00 51.66 1172.01 525.52 1289.44 238.06 848.65 3945.77 3413.54 164.20 1734.77 146.36 594.28 1046.25 12912.18 10.00 252.00 62.78 200.00 336.00 0.00 5024.05 1317.55 881.49 864.58 Perfect Circle Victor Ltd Permali Wallace Ltd Permanent Magnets Ltd Pfizer Ltd Phillips Carbon Black Ltd Dana Corpn Anand DC Centro Magneti Permanenti Pfizer Corpn Phillips Petroleum Co Goenka Polychem Ltd Polyolefins Industries Ltd Ponds India Ltd Porritts & Spencer (asia) Ltd Power Control And Appliances Dow Cheml Co Hoechst Ag Chese Brough Ponds Inc Porrits & Spencer Ltd Kilachand Mafatlal Switzerland W Germany USA UK 3.64 3.69 3.81 6.01 3.39 55 64 78 68 79 84 84 84 83 84 25.12 31.08 40.00 59.20 10.97 240.00 1286.86 294.00 98.05 8.02 4029.01 6571.14 1787.90 389.19 0.00 Precision Bearings (I) Ltd Precision Fasteners Ltd Pyrene Rai Metal Treatment Ltd R H Windsor (I) Ltd R K O Radio Pictures Pvt Ltd Fag Kugelascher Georg Schafer V Ramakrishna Brent Chemls Intl Ltd G K N Windsor Rank Overseas Films Distribu GKW W Germany USA UK UK UK 3.59 3.59 3.69 3.49 9.00 62 73 64 63 42 84 84 82 82 83 28.57 36.75 39.96 50.94 100.00 167.05 210.00 18.38 123.94 1.00 1008.51 1357.25 116.99 805.76 13.44 Rallis India Ltd Ralliwolf Ltd Fisons Ltd Wolf Electric Tools (hold Tata Tata UK UK 3.80 3.39 68 58 84 84 29.25 40.00 547.84 182.78 7627.11 1014.54 Contd/... (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Rane Brake Linings Ltd Reckitt & Colman of (I) Ltd Reconde Ltd Small & Parkes Ltd Reckitt & Colman Ltd UK UK 3.22 3.60 8.50 64 51 47 84 84 83 25.53 39.00 18.80 108.00 299.69 30.00 931.22 1910.17 0.00 Reinz Talbros Pvt Ltd Revathi C P Equipment Ltd Reyrolle Burn Ltd Richardson Hindustan Ltd Roche Products Ltd Reinz Dichtungs Gmbh Chicago Pneumatic Tool Reyrolle Parsons Ltd Richardson Vicks F Hoffmann - Laroche & Co Ag W Germany USA UK USA Switzerland 4.33 3.49 3.39 3.80 3.80 67 77 63 64 58 84 84 84 84 84 25.00 40.00 50.00 39.68 75.00 45.00 60.00 50.00 374.25 479.91 196.09 468.34 330.73 1519.58 1921.91 Rolcon Engineering Co Ltd Roneo Vickers India Ltd Roussel Pharmaceuticals (I) Ltd Ruston & Hornsby (I) Ltd S A E India Ltd Kohler Bivenkamp Roneo Vickers Ltd W Germany UK UK Italy 3.59 4.60 3.80 3.49 5.09 61 69 0 39 79 84 82 84 84 83 28.14 55.68 33.33 26.00 40.00 22.40 53.88 78.48 134.12 75.00 152.60 132.88 0.00 2939.21 1981.70 France Switzerland Sweden UK 4.94 3.39 3.80 3.49 3.22 0 73 47 60 62 84 83 84 84 84 11.67 25.33 60.00 27.43 27.28 33.00 65.15 450.00 577.50 177.76 0.00 538.30 4366.89 2208.51 552.98 Simpson USA USA Italy UK UK 3.22 3.80 1.10 3.84 3.59 61 67 65 2 60 84 84 84 84 83 50.00 39.16 40.00 40.00 33.33 92.40 173.88 367.50 188.71 180.00 456.70 1537.70 2232.15 1969.31 1164.80 UK UK USA W Germany W Germany 3.88 6.01 3.64 3.59 3.39 70 46 69 70 57 84 84 84 84 84 15.79 38.94 15.09 25.01 51.00 UK USA 8.50 3.44 63 64 84 84 26.00 40.01 Ruston & Hornsby SAE Safari Industries (I) Ltd Sahney Paris Rhone Ltd Sandoz India Ltd Sandvik Asia Ltd Sankey Wheels Ltd Rhone Poulenc Sandoz Ag Sandvik Ab Joseph Sankey & Sons Schrader Scovill Duncan Ltd Searle India Ltd Sesa Goa Ltd Shalimar Paints Ltd Shardlow India Ltd Scovill Mfg Co Gd Searle & Co Finisider Spa Courtaulds Ltd Amalgamations Ltd Thapar GKW Goenka Goenka Shaw Wallace Gelatines Ltd Shaw Wallace Ltd Shree Synthetics Ltd Shriram Needle Bearing Inds Ltd Siemens India Ltd Chemtex Fibres Industriewerk Schaeffler Gmbh Siemens Ag Shaw Wallace Shaw Wallace Bangur Shriram Khatau Simon Carves (I) Ltd Simtools Ltd Simon Engg Ltd Scottish Machine Tools Corpn Tata 29.55 341.17 600.00 4812.20 561.84 4816.07 84.96 208.08 1080.00 11575.00 90.00 63.98 1675.34 207.79 Contd/... (1) (2) Singlo Tea Co Ltd Siporex India Ltd Sir Lindsay Parkinsons (I) Pvt Ltd Singlo Holdings Ltd Internationella Siporex Ab Leonard Fairclough Ltd Snowcem India Pvt Ltd Snowtemp Engineering Co Ltd Somany Pilkington's Ltd South India Viscose Ltd Spirax Marshall Ltd Associated Fortland Cement Borg Warner Corpn Thomas Tilling Ltd Standard Batteries Ltd Star Volkmann Ltd Stewart Holl India Ltd Stewarts & Lloyds of (I) Ltd Stone India Ltd Stormac India Ltd Stovec Screens (I) Ltd Sturdia Chemicals Ltd Suessen Textile Bearings Ltd Sundaram Clayton Ltd Swaraj Mazda Ltd Sylvania & Laxman Ltd Synbiotics Ltd Synthetics & Chemicals Ltd T I Diamond Chain Ltd (3) (5) (6) (9) (10) UK Sweden UK 0.30 4.21 5.09 77 69 46 83 84 83 73.33 13.89 100.00 60.00 90.00 1.00 392.05 248.83 3.59 Killick Nixon Birla Birla Naidu GV UK USA UK Italy UK 4.10 3.39 4.20 2.63 6.49 59 68 68 57 59 84 84 84 84 84 40.00 30.90 26.00 16.29 38.26 30.00 30.00 59.99 735.00 18.66 216.99 220.68 1261.26 3206.77 111.25 Macneill Magor UK W Germany UK UK UK 3.39 3.40 0.30 3.59 3.39 49 80 78 37 31 84 82 83 84 84 11.80 38.00 74.00 39.90 60.00 102.50 125.00 60.00 100.00 89.28 1732.25 134.18 490.59 1202.77 668.82 T V S Iyyengar Netherlands Netherlands UK W Germany UK 3.40 3.40 3.60 3.40 3.22 74 73 60 57 62 84 84 84 84 84 40.00 40.04 39.33 26.00 39.20 50.00 50.00 150.00 106.38 569.03 455.49 490.54 463.60 1955.12 3291.46 Sarabhai Kilachand Murugappa Japan USA USA USA UK 3.22 3.39 3.80 3.64 3.23 83 62 60 60 60 84 84 83 84 84 40.00 26.27 40.00 24.74 27.51 325.01 240.00 150.00 581.00 45.33 0.00 1608.73 584.77 4512.47 724.07 Spirax Sarco Engg Ltd Hermutty Tea Co Stewarts & Lloyds (overseas) Stone Platt Inds Ltd Tata Stork Brabant Bv Stork Screens Bv Nowrosjee Wadia Spindelfabrix Suessen Schurr American Standard Inc General Tele Phone & Electro Fire Stone Tire & Rubber Co Amsted Inds Inc (4) (7) (8) Talbros Automotive Components Ltd Tata Burroughs Ltd Tata Engineering And Locomotive Co Tata Klockner Industrial Plants Ltd Tata Robins Fraser Ltd Burroughs Corpn Daimler Benz Klockner Ina Tata Tata Tata Tata UK USA W Germany W Germany UK 3.29 3.39 3.22 5.09 3.49 68 77 45 83 62 84 84 84 83 84 17.86 50.00 10.27 50.00 22.16 Tata Yodogawa Ltd Taylor Instrument Co (I) Ltd Nissho Iwai Co Ltd/yodogawa Sybron Corpon Tata Birla Japan USA 3.00 4.95 68 64 84 84 26.41 39.65 70.00 485.29 250.00 1651.11 5308.00 61057.00 25.00 0.00 132.00 1882.86 249.94 120.00 1415.43 1220.53 Contd/... (1) Tea Estates of (I) Pvt Ltd Thomas (cook) (I) Ltd Tide Water Oil Co (I) Ltd (2) Brooke Bond Liebig Ltd Midland Bank Ltd Getty Oil Co (3) Brooke Bond Andrew Yule Toshiba Anand Batteries Ltd Tractel Trifor (I) Pvt Ltd Tractors & Farm Eqpt Ltd Tractors (I) Ltd Transasia Carpets Ltd Massey-ferguson Ltd Simpson Besmer Teppichfabrik Mertens Birla Transformers & Electricals Kerala Tri-sure India Pvt Ltd Tribeni Tissuses Ltd Tube Investment of (I) Ltd Twentieth Century Fox Corpn (I) Pvt Ltd Hitachi Ltd American Flange & Mfg Co Middleton Invt Co Ltd Tube Invsts Ltd Twentieth Century-fox Film C Tyresoles Concessionaries Pvt Ltd Udhe India Ltd Uni Ucb (I) Pvt Ltd Uni-sankyo Ltd Union Carbide (I) Ltd ITC Murugappa Uhde Gmbh Sankyo Co Ltd Union Carbide Corpn Union Carbide (4) (5) (6) UK UK USA 0.30 7.10 6.01 22 78 21 84 84 84 74.00 40.00 28.29 220.00 70.00 24.00 2484.49 578.15 372.14 France W Germany UK W Germany 3.39 3.49 3.22 6.01 2.67 0 64 60 44 72 84 84 84 84 84 38.00 39.86 49.00 20.33 25.09 70.00 14.00 200.00 199.20 161.43 887.13 205.52 2289.22 1860.19 3049.74 Japan USA UK UK USA 3.39 3.59 4.70 3.29 9.00 63 60 46 49 0 84 84 84 84 84 26.07 49.00 51.00 40.00 100.00 399.39 51.70 635.70 430.00 1.00 2811.03 119.55 3671.84 7895.48 21.10 UK W Germany Japan USA 4.40 8.50 3.80 3.80 3.39 47 0 59 69 34 84 84 84 84 84 16.00 73.93 39.91 49.00 50.90 USA Sweden W Germany USA USA 9.00 3.39 3.49 3.59 4.80 36 79 75 60 46 82 83 84 84 83 100.00 15.00 37.49 19.47 33.45 0.10 97.49 37.50 177.73 40.00 78.85 276.07 256.90 6619.26 205.43 3.60 4.51 3.49 2.50 3.49 0 74 65 30 37 84 82 84 84 84 14.00 14.56 33.75 32.16 39.92 415.00 50.00 175.73 603.20 231.75 1943.13 189.53 1457.81 7312.92 3751.86 3.00 3.59 59 35 84 83 22.42 63.88 390.31 97.52 2329.49 445.79 Universal Pictures India Pvt Ltd Uptron Electronic Devices Ltd Usha Atlas Hydraulic Equipment Ltd Usha Martin Industries Ltd Vakil & Sons Ltd Universal Intl Films India L M Ericsson Telephone Co H Weyhausen Martin Black Ltd Vam Organic Chml Ltd Veneers & Laminations (I) Ltd Vickers Systems International Ltd Vst Industries Ltd Vulcan Laval Ltd Ab Bofors Sperry Rand Corpn Raleigh Invst Co Alfa Laval Ltd Mahindra ITC Swedish Match Sweden Switzerland USA UK Sweden W G Forge & Allied Inds Ltd Waldies Ltd Wyman Gordon Co Lead Inds Group Ltd WG Forge Gillanders USA UK Usha Martin Usha Martin (7) (8) (9) (10) 24.00 112.45 15.00 745.79 8.82 145.70 26.65 99.63 3258.30 12195.71 Contd/... (1) (2) Wander Ltd Wardex Pharmaceutical Ltd Warner Hindustan Ltd Warren Tea Ltd Wellman Incandescent (I) Ltd Wendt India Ltd Wesman Engg Co Ltd Western Thompson (I) Ltd (3) (5) (6) Warner Lambert Co Switzerland UK USA 3.80 3.80 3.80 62 0 63 84 82 84 40.00 20.00 40.00 21.00 0.10 298.12 190.27 0.00 960.44 Warren Plantations Ltd Wellman Engg Corpn Ltd Wendt Gmbh UK UK W Germany 0.30 3.49 3.44 3.49 3.49 77 62 80 51 0 84 84 83 84 84 73.47 19.87 25.00 15.81 48.82 325.00 49.97 60.00 23.88 5.92 2407.35 322.90 0.00 319.35 0.00 Japan UK UK Switzerland Sweden 3.39 3.22 3.89 3.59 3.85 67 60 0 64 23 84 84 82 84 84 13.77 35.91 50.00 51.00 39.50 37.04 328.98 5.54 183.15 845.00 2649.02 2502.76 45.26 2605.16 7545.24 UK USA USA USA W Germany USA 2.79 3.49 8.50 3.80 3.59 3.65 59 52 50 50 81 72 84 84 84 84 84 84 22.11 24.75 100.00 74.00 26.00 51.44 Weston Electronik Ltd Wheels India Ltd Whiffens India Ltd Widia India Ltd Wimco Ltd Dunlop Holdings Fison Ltd Meturit Ag Swedish Match Ab T V S Iyyengar Tata T V S Iyyengar Swedish Match Woolcombers of (I) Ltd Worthington Pump India Ltd Wyeth India Pvt Ltd Wyeth Laboratories Pvt Ltd Z F Steering Gear (I) Ltd Zuari Agro Chml Ltd Illing Worth Morris& Co Ltd Macneil Magor American Home Prodts Inc American Home Prodts Inc Zahnradfabrik Friedrichschaf US Steel Corpn Goenka KP Source: Firodia Birla (4) (7) (8) (9) (10) 176.37 778.66 80.80 1370.86 10.00 140.26 90.00 806.20 149.98 414.73 1655.14 10345.00 Institute for Studies in Industrial Development (ISID), New Delhi. Contd/... 23 Annexure - II List of Branches Operating In India In Areas Other Than Banking, Air And Sea Transport Name Yr Inc Ind Cl (2) (3) Cotton Kaulking Ltd Achabam Tea Co Ltd Amalgamated Tea Estates Co Ltd Anglo American Direct Tea Trading Co Ltd 71 24 14 14 Assam Consolidated Tea Estates Bagracote Tea Co Ltd Borhat Tea Co Ltd Borholla Assam Tea Co Ltd Chubwa Tea Co Ltd Consolidated Tea & Lands Co (I) Ltd Doolahat Tea Co Ltd Endogram Tea Co Ltd Jetinga Valley Tea Co Ltd Kanan Dewan Hills Produce Co Ltd (1) Assets Ref (Rs Lakhs) Yr Country (4) (5) 0.10 0.30 0.30 0.30 N.A. 4.20 51.60 78.62 84 84 84 84 Uganda U.K. U.K. U.K. 57 23 20 14 14 0.30 0.30 0.30 0.30 0.30 33.26 44.79 13.85 45.99 54.88 84 84 84 84 84 U.K. U.K. U.K. U.K. U.K. 56 27 14 14 14 0.30 0.30 0.30 0.30 0.30 96.84 22.43 81.83 26.88 118.62 84 82 81 84 84 U.K. U.K. U.K. U.K. U.K. 14 57 68 28 1881 0.30 0.30 0.30 0.30 1.00 36.92 N.A. N.A. 7.58 249.20 84 84 84 84 81 U.K. U.K. Tanzania U.K. U.K. Marcar Steel & Engg Export Ltd Central Province Mangenese Ore Co Carr & Co (I) Ltd Coca Cola Export Corpn Barnagore Jute Factory Co Ltd 51 3 22 58 14 1.10 1.12 2.30 2.42 2.64 N.A. 101.05 N.A. 174.16 569.70 84 84 84 84 83 U.K. U.K. U.K. U.S.A. U.K. Samnaggur Jute Factory Co Ltd Titaghur Jute Factory Co Ltd Victoria Jute Co Ltd Heckett Engineering Co Torrance & Sons Ltd 14 14 14 Na 62 2.64 2.64 2.64 3.00 3.00 1094.44 949.68 724.57 72.73 1.11 82 84 83 84 84 U.K. U.K. U.K. U.S.A. U.K. Hitachi Shipbuilding & Engg Co Ltd Exxon Ltd Associated British Machine Tool Makers (I) Chicago Pneumatic Holdings Ltd 66 72 3.20 3.22 0.00 0.02 81 82 Japan Australia 57 14 3.44 3.44 26.53 5.98 82 84 U.K. U.K. I B M World Trade Corpn Ltd Eskaylab Ltd John Wyeth & Bros Ltd Gulf Fleet Marine Operations Inc Bombay Gas Co Ltd 51 56 Na 81 14 3.49 3.80 3.80 4.00 4.01 1617.10 1106.16 611.84 18.71 1060.34 84 80 84 84 80 U.S.A. U.K. U.K. U.S.A. U.K. C Still Export G M B H Chevron Oil Co India Leonard Biermans Societe Andnyme Bawa Singh Bharj Ltd Hochtief Ag 58 82 65 71 61 4.02 4.09 4.91 5.00 5.00 13.45 139.35 N.A. N.A. 10.49 84 84 84 84 82 W.G. U.S.A. Belgium Uganda W.G. Lankapara Tea Co Ltd Melong Tea Estates Ltd P C Abraham Vaghamon (travancore) Tea Co Ltd Assam Railways & Trdg Co Ltd (6) (Contd...) 24 (1) (2) (3) (4) (5) (6) Thomson Csf Paris Metchem Canada Inc Snam Ltd Ivan Milutinovic-pim Oriental Gas Co Ltd 56 76 62 64 14 5.02 5.09 5.09 5.20 5.90 18.33 15.80 124.02 109.09 115.57 82 84 84 84 82 France Canada Italy Yugoslavia U.K. Airworthy Ltd Nestles Products (I) Ltd Island Aminco Intl Corpn Anglican Export Import Co Ltd Anglo Thai Corpn Ltd 59 47 6.00 6.00 N.A. 0.41 84 84 U.K Bahama 67 68 21 6.01 6.01 6.01 N.A. N.A. 0.07 84 84 80 U.S.A. U.K. U.K. Elof Hansson Ltd James Finlay Plc Louis Dreyfus & Co Ltd May Department Stores Intl Inc Mitsubishi Corpn 51 14 41 75 83 6.01 6.01 6.01 6.01 6.01 0.40 18.19 0.12 4.39 64.86 82 84 84 84 84 U.K. U.K. U.K. U.S.A. Japan Mitsui & Co Ltd Nepal Transit & Warehousing Pvt Ltd Nichimen Corpn Overseas Gems Ltd Rama World Trade Corpn 59 71 58 82 65 6.01 6.01 6.01 6.01 6.01 50.35 56.19 37.07 N.A. N.A. 84 82 84 84 84 Japan Nepal Japan U.K. U.K. Sears Roebuck Overseas Inc Singer Sewing Machine Co Sizing Materials Co Ltd Southern Conforts Fashions Ltd Westinghouse Trading Co Ltd 70 11 18 80 62 6.01 6.01 6.01 6.01 6.01 N.A. 89.67 2.04 1.39 2.21 84 81 84 84 84 U.S.A. U.S.A. U.K. Canada Switzerland New Way Packaged Products Ltd I C A Domus Ltd I W S Nominees Co Ltd Mohkamdin & Sons Fisons Ltd 62 67 67 48 62 6.11 6.20 6.20 6.20 6.52 0.02 26.03 26.03 N.A. 0.14 82 84 84 84 84 U.K. U.K. U.K. Pakistan U.K. Gemini Chit Fund Corpn Calcutta Tramways Co Ltd B P (indian Agencies) Ltd Jolly Travels Ltd Travel World Inc 69 14 62 63 67 6.59 7.00 7.40 7.40 7.40 N.A. N.A. 0.04 N.A. 2.81 84 84 84 84 84 Singapore U.K. U.K. U.K. U.S.A. International Grapevining Co Ltd Association of Proficient Secretaries Action In Distress Ltd Aloka Ltd Christian Children's Fund Inc 67 72 77 59 Na 7.50 8.00 8.20 8.20 8.20 N.A. N.A. 22.00 N.A. 25.57 84 84 82 84 82 Liberia U.S.A. U.K. U.K. U.S.A Foundation Agakhan Leprosy Mission Intl Methodist Missionary Trust Asson Royal Common Wealth Society For The Blind St John The Evangelist 78 34 53 8.20 8.20 8.20 223.63 0.00 0.00 84 81 82 Switzerland U.K. U.K. 70 58 8.20 8.20 31.46 N.A. 82 84 U.K. U.K. United Church Board Wesleyan Methodist Missionary Trust Asson Women's Home & Foreign Mission Society London Missionary Society Corpn 57 53 84 26 8.20 8.20 8.20 8.20 136.92 * 3.68 0.00 84 82 84 80 U.S.A. U.K. U.S.A. U.K. (Contd...) 25 (1) (2) (3) Burmah Oil Co (india) Trdg 39 8.40 American Bureau of Shipping Amoco India Inc Balamore Ltd Bureau Veritas Chemtex Overseas 52 65 63 73 67 Compagnie Francaise D' Etudes Crown Agent Services Ltd Degremont International Dixilyn Field Intl Drilling Co Dorr-oliver (india) (5) (6) 19.18 81 U.K. 8.50 8.50 8.50 8.50 8.50 150.33 611.53 N.A. 119.92 5.13 84 84 84 84 84 U.S.A. U.S.A. U.K. France U.S.A. 69 80 76 82 50 8.50 8.50 8.50 8.50 8.50 10.84 N.A. 51.69 N.A. 81.53 82 84 84 84 84 France U.K. France U.S.A. U.S.A. Foundation Overseas Ltd Gamlen (australasia) Chml Co Pvt Ltd Global Marine Deep Griffin Alexander Drilling Co I W S Nominees Co Ltd 65 67 84 82 71 8.50 8.50 8.50 8.50 8.50 N.A. 0.44 N.A. 0.71 0.00 84 84 84 84 82 Canada Australia U.S.A. U.S.A. U.K. Indo American Indl Devt Corpn Overseas Dredging Co Ltd Co Ltd Penguin Overseas Ltd Rohm & Haas Asia Inc Sonet Drilling Inc 65 59 60 67 83 8.50 8.50 8.50 8.50 8.50 N.A. N.A. 3.68 0.10 4381.51 84 84 84 84 84 U.S.A. U.K. U.K. U.S.A. U.S.A. Torr-isteg Steel Corpn Vacuum Concrete (overseas) Co Lead Development Association Ltd Zinc Development Assn Ltd Metro Theater Bombay Ltd 67 71 62 72 36 8.50 8.50 8.60 8.60 9.00 9.86 N.A. 0.00 2.06 27.24 84 84 84 84 84 Luxembourg Greece U.K. U.K. U.S.A. Metro Theatre Calcutta Ltd Paramount Films of (I) Ltd Thai Information Service Co Ltd Twentieth Century Fox India Inc Warner Bros F E Inc 35 40 65 81 33 9.00 9.00 9.00 9.00 9.00 Notes on Abbreviations: Source: Same as in Annexure I. 1. 2. 3. 4. 5. (4) 8.19 84 27.91 84 N.A. 84 N.A. 84 150.86 84U.S.A. U.S.A. U.S.A. Thailand U.S.A. Yr Inc : Year of Setting up of Business in India Ref Yr : Year for which data for Assets are provided Assets : Total Assets of the enterprise in the country * : Accounts for the Indian branch not provided separately Ind Cl : Industrial Classification as followed by Dept of Company Affairs, Govt of India. 26 Annexure - III List of Foreign Airlines And Shipping Companies Operating In India Name Yr Inc (1) (2) Assets (rs Lakhs) (3) Ref Yr Country (4) (5) British India Steam Navigation Co Ltd D D G Hansa Lloyd Triestine Span Co Middle East Agencies S.A.L. Royal Nepal Shipping Corpn Ltd 14 53 49 81 71 * * * N.A. * 84 84 84 84 84 U.K. West Germany Italy Greece Nepal Unitor Ships Services Air Mauritius Ltd Alitalia Air Lines Brothers Air Services Co Ltd Canadian Pacific Airlines Ltd 81 79 59 68 67 * * * * * 84 84 84 84 84 Norway Mauritus Italy Aden Canada Cathay Pacific Airways Ltd Deutsche Schechtan Iran National Airlines Corpn Japan Air Lines Co Ltd K L M Royal Dutch Airlines 66 60 70 61 50 * * * * * 84 84 84 84 84 Hong-kong West Germany Iran Japan Netherlands Kuwait Airways Corpn Lufthansa German Airlines Malaysian Air Lines Bhd Ltd Middle East Airlines Pakistan International Airlines Corpn 64 60 74 62 76 * * * * N.A. 84 84 84 84 84 Kuwait West Germany Malayasia Lebanon Pakistan Pan American World Airways Ltd Quantas Airways Ltd Sabena Airlines Scandinavian Airlines System Singapore Airlines Ltd 47 74 67 58 72 * * * * * 84 84 84 84 84 U.S.A. Australia Belgium Sweden Singapore Societe International De Telecommn. Aeronautique Swiss Air Transport Co Ltd Thai Airways Intl Ltd Transmediterrnean Airways Trans World Airlines Inc 69 57 66 71 47 119.35 * * * * 82 84 84 84 84 Belgium Switzerland Thailand Lebanon U.S.A. Notes on Abbreviations: 1. Yr Inc 2. Ref Yr 3. Assets 4. * Source: Same as in Annexure I. : : : : Year of Setting up of Business in India Year for which data for Assets are provided Total Assets of the enterprise in the country Accounts for the Indian branch not provided separately 27 Annexure - IV List of Foreign Banks Operating in India Name Yr Inc (1) (2) Assets (rs Lakhs) (3) Ref Yr (4) Country (5) Algemene Bank Nederland Nv American Express Intl Banking Corpn Bank of America Bank of Credit & Commerce Intl (overseas) Ltd Bank of Nova Scotia 21 21 64 83 84 7269.32 22430.70 28305.00 1800.01 N.A. 82 82 82 84 84 Netherlands U.S.A. U.S.A. Caymen Islands Canada Bank of Oman Ltd Bank of Tokyo Ltd British Bank of Middle East Chartered Bank Ltd Chase Manhattan Bank 80 53 54 14 55 1891.87 7150.09 5177.51 34792.22 * 84 84 82 84 82 U.A.E. Japan U.K. France U.S.A. Citi Bank Emirates Commercial Bank Ltd European Asian Bank Ak Grindlays Bank Ltd Indosuez (banque De '1' Indochi Etde Suez) Mitsui Bank Ltd 56 81 80 14 81 55 45243.43 N.A. 4891.18 107549.84 5666.11 1964.63 84 84 84 84 84 84 U.S.A U.A.E. West Germany U.K. France Japan Notes on Abbreviations: 1. Yr Inc 2. Ref Yr 3. Assets 4. * Source: Same as in Annexure I. : : : : Year of Setting up of Business in India Year for which data for Assets are provided Total Assets of the enterprise in the country Accounts for the Indian branch not provided separately 28 Annexure V List of Branches Acting As Liaison offices In India Name (1) Yr Inc (2) Assets (rs Lakhs) (3) Ref Yr Country (4) (5) Trade Action Proprietory Ltd Voest Alpine A G Wadgner Biro Ag International Spicing Alps Trdg Ethiopian Airlines 74 78 81 79 82 1.11 10.11 10.50 0.71 N.A. 79 79 84 80 84 Australia Austria Austria Denmark Ethiopia Cgee Alsthom Fives-cail Babcock Regie Nationale Des Usines Michal & Simon Co Ltd Burbar Ship Management Ltd 83 77 82 80 83 7.61 1.07 N.A. 0.13 N.A. 84 82 84 80 84 France France France Hong Kong Hongkong Impulse Montana Trdg Co Lark International Ltd Richard Hogg Intl India Ltd Ansaldo Impianti S P A Franco Tesi Ingeneria Spa 77 79 81 80 82 12.58 1.04 N.A. 304.61 44.46 81 84 84 84 84 Hongkong Hongkong Hongkong Italy Italy Montedison S P A Snam Progetti Spa Asahi Chemical Industry Co Bunka Orient Co Inc C Itoh & Co Ltd 72 67 79 80 57 0.61 70.13 6.83 1.70 52.57 82 84 84 84 82 Italy Italy Japan Japan Japan Hitachi Ltd Itoman & Co Ltd J G C Corpn Kanematsu Gosho Ltd Marubeni Corpn 73 77 84 67 66 12.51 9.23 N.A. 16.71 56.62 84 84 84 84 84 Japan Japan Japan Japan Japan Nippon Electric Co Ltd Nippon Exports Co Ltd Nissho Iwai Co Ltd Nomura Trading Co Ltd Okura & Co Ltd 64 83 57 73 68 N.A. N.A. 26.60 3.42 48.53 81 84 84 84 84 Japan Japan Japan Japan Japan Sumitomo Shoji Kaisha Ltd Toyo Menka Kaisha Ltd Toyoda Trusto Kaisha Ltd Nepal Oceanic Services Pvt Ltd International Flavours & Fragrances 66 61 83 78 78 123.39 8.95 N.A. N.A. 0.43 84 80 84 84 80 Japan Japan Japan Nepal Netherland Universal Films of India B V Dowell Schlumberger Western S.A. Flopterol Intl S.A. Sedco International S A Dong-in Stone Indl Co Ltd 81 84 84 82 81 11.33 N.A. N.A. 35.86 N.A. 82 84 84 82 84 Netherlands Panama Panama Panama South Korea Sangyong Corpn Air Lanka Ltd L K B Produkter Ab Sandvik Far East A B Swedish Match Co Sulzer Bros Public Ltd 80 82 80 77 26 84 N.A. N.A. N.A. 1.91 3.33 N.A. 84 84 84 84 84 84 South Korea Sri Lanka Sweden Sweden Sweden Switzerland (contd...) 29 (1) (2) (3) (4) (5) Tabs (clothing) Co Ltd Oriental Wood Products Co Ltd First Emirate Trdg Corpn British Steel Corpn Liasion Services (india) 81 80 76 N.A. 1.32 2.97 84 84 80 Switzerland Thailand U.A.E. 79 36.20 84 U.K. Burmah Oil Trading Ltd Cable Belt Ltd Cadbury Schweppes Export Ltd Foster Wheeler Power Prdts Ltd International Nickel Services (u.K.) 80 83 47 80 77 1.95 N.A. 0.30 314.11 8.76 84 84 82 84 84 U.K. U.K. U.K. U.K. U.K. J H Rayner (prdts) Ltd Meridien Trade Corpn Ltd New Commercial Co Ltd Rhodia (u.K.) Ltd Rolls-royce (I) Ltd 64 80 78 80 79 0.00 N.A. N.A. 0.00 N.A. 66 84 84 84 84 U.K. U.K. U.K. U.K. U.K. Stein Inds Thomas Duff & Co Ltd Ukepco Ltd Whatman Paper Ltd Modtronic Intl Ltd Ltd 84 82 82 77 79 N.A. N.A. 0.53 2.26 N.A. 84 84 84 84 84 U.K. U.K. U.K. U.K. U.S.A Alpha Merchandising Services Inc Associated Merchandising Corpn Banker's Trust Co Columbia Films of (I) Ltd Continental Overseas Corpn 81 75 82 56 78 1.11 9.96 N.A. 18.60 0.87 84 83 84 84 84 U.S.A. U.S.A. U.S.A. U.S.A. U.S.A. Dow Chemical Nv Du Pont Far East Inc Exxon Chemical Eastern Inc Foster Parents Plan Intl Inc Itt Asia Pacific Inc 77 77 80 81 65 10.04 23.52 3.16 3.11 5.58 84 84 84 84 84 U.S.A. U.S.A. U.S.A. U.S.A. U.S.A. La Presente Inc M Fabrikant & Sons Inc Mast Industries Inc Medtronic Intl Ltd Merck Sharp & Dohme Scentific & Management Corpn 79 77 76 79 1.06 5.95 0.26 N.A. 84 84 84 84 U.S.A. U.S.A. U.S.A. U.S.A. 80 2.43 84 U.S.A. Metro Goldwyn Meyer India Ltd Noetic Instruments Inc Northwest Orient Airlines Inc Raychem Ltd Santa Cruz Imports India 29 80 80 77 76 96.25 N.A. N.A. 6.51 N.A. 80 84 84 84 84 U.S.A. U.S.A. U.S.A. U.S.A. U.S.A. Steelmet Inc United Artists Corpn Upjohn Intl Inc Western Company of North America Textilagenture Bruno Herring Gmbh 81 32 79 82 80 N.A. 142.79 6.70 23.22 N.A. 84 79 84 84 84 U.S.A. U.S.A. U.S.A. U.S.A. West Germany Thyssen Edelstable Worke Ingra Zagreb (yugoslavia) 78 62 N.A. 0.80 84 84 West Germany Yugoslavia Notes on Abbreviations: 1. 2. 3. 4. Yr Inc Ref Yr Assets * : : : : Year of Setting up of Business in India Year for which data for Assets are provided Total Assets of the enterprise in the country Accounts for the Indian branch not provided separately 30 Annexure - VI List of Branches Which Have Not Submitted Their Accounts After 198 And Are Presumably Not Functioning Name Yr Inc Ind Cl (2) (3) (4) (5) A & J Main & Co Allied Artists of India Inc Amin Agencies Ltd Anath Bandhu Guha & Sons Asquith Machine Tools Corpn Ltd 14 57 58 51 09 3.00 9.00 6.01 8.20 5.09 61.00 1.71 0.32 7.70 0.56 66 77 78 70 76 U.K U.K. Bangladesh Bangladesh U.K. Badulipar Tea Co Ltd Belsari Tea Co Ltd Breco Ropeways Ltd Central Gulf Links Agencies (I) Ltd Chemical Construction (gb) Ltd 14 34 60 63 63 0.30 0.30 8.50 7.40 8.50 189.71 78.09 15.69 0.04 0.45 74 79 73 78 74 U.K. U.K. U.K. U.K. U.K. Cluett Peabody & Co Ltd Combustion Engg Overseas Inc Commercial Union Assurance Co Ltd Cornhill Insurance Co Ltd Cox & Kings (agents) Ltd 58 64 14 54 14 8.50 6.01 6.40 6.40 7.40 64.84 9.00 310.70 0.80 217.23 79 73 68 68 79 U.S.A. U.K. U.K. U.K. U.K. Craven Brothers (manchester) Ltd Darjeeling Co Ltd Dejoo Tea Co Ltd Denis Malcolm & Co Ltd Dhoolie Tea Co Ltd 60 14 14 57 37 3.44 0.30 0.30 6.01 0.30 1.19 125.74 146.16 1.90 32.10 75 76 77 68 73 U.K. U.K. U.K. U.K. U.K. East Indian Coal Ltd Estates & Agency Co Ltd Farrington Data Processing Ltd Free School Street Property Ltd G W Carnrick Co (asia) Ltd 14 26 36 61 50 1.00 0.30 3.49 5.00 3.80 450.70 22.57 6.80 8.00 8.10 70 78 69 63 77 U.K. U.K. U.K. Bangladesh U.S.A. Goalundo Ice Co Ltd Habib Bank Ltd Habib Insurance Co Ltd Harmutty Tea Co Ltd Isa Bheel Tea Co Lts 53 48 42 27 14 6.52 6.50 6.40 0.30 0.30 4.32 187.10 8.40 116.74 78.01 75 65 64 77 74 Bangladesh Pakistan Pakistan U.K. U.K. Jalannagar South Estates Ltd Jalinga Tea Co Ltd Jhanzie Tea Asson Ltd Johnson & Philips Ltd Jorehaut Tea Co Ltd 39 14 14 31 14 0.30 0.30 0.30 6.01 0.30 127.17 58.64 169.82 0.01 213.72 75 79 77 77 78 U.K. U.K. U.K. U.K. U.K. Joseph Parkes & Sons Ltd Kellogg India Ltd Kukicherra Tea Co Ltd Laktaria Ltd Longai Valley Tea Co Ltd 57 71 14 67 14 5.00 8.50 0.30 0.30 0.30 1.83 0.00 27.70 6.99 71.45 75 74 73 79 74 U.K. U.S.A. U.K. U.K. U.K. M H Detrick Co Ltd Marangi Tea Co Ltd Mc Gergor & Belfour Ltd National Bank of Pakistan Nicholas of India Ltd 62 37 14 52 56 3.49 0.30 6.01 6.50 3.80 36.93 35.24 37.32 49.00 50.68 77 74 74 65 79 U.K. U.K. U.K. Pakistan U.K. (contd...) (1) Assets (rs Lakhs) Ref Yr Country (6) 31 (1) (2) (3) (4) (5) Resources & Facilities Ltd Revlon Prdts (great Britain) Rivers Steam Navigation Co Ltd Rukni Tea & Co Ltd Sashtri Indo Canadian Institute 63 55 14 30 69 8.50 3.81 7.10 0.30 8.00 1.85 0.00 0.00 27.68 17.28 75 74 34 74 78 U.K. U.K. U.K. U.K. Canada Schlumberger Seaco Inc Simson & Mc Conechy Sonabheel (assam) Tea Co Ltd Stain Atkinson Stordy Ltd Technical Enterprises Inc Na 14 37 58 65 8.50 6.01 0.30 4.01 6.01 416.71 6.12 58.58 18.40 25.70 78 78 74 66 67 Panama U.K. U.K. U.K. U.S.A. Victory Jute Prdts Ltd Von Kohorn Eastern Corpn Ltd Wellman Engg Corpn Ltd Ws Atkins Partners India Ltd W T Henley's Telegraph Works Co Ltd 62 57 57 62 60 2.64 3.40 3.49 6.50 3.39 15.10 N.A. 0.00 6.50 12.30 68 65 75 70 77 Bangladesh Bahama Island U.K. U.K. U.K. Notes on Abbreviations: 1. 2. 3. 4. 5. Source: Same as in Annexure I. Yr Inc Ref Yr Assets * Ind Cl : : : : : (6) Year of Setting up of Business in India Year for which data for Assets are provided Total Assets of the enterprise in the country Accounts for the Indian branch not provided separately Industrial Classification as followed by Dept of Company Affairs, Govt of India Annexure - VII List of Foreign Controlled Companies Incorporated After 1984. Name (1) % of Foreign Holding (2) PUC (Rs. Lakhs) (3) A Rajaratnam A Agarwal 20.00 30.00 100.00 50.00 A K Chowdhry A S Prabhakar Aksons Phomix Pvt Ltd 40.00 40.00 40.00 4.50 25.00 20.00 Amit Gupta Anil Dass & Major Brijender Singh Apple Engg Pvt Ltd Apurba Mukherjee Asc Engineers & Allied Industries 40.00 40.00 25.00 100.00 14.40 1.50 27.00 6.25 0.12 1145.83 Avanti Electricals Pvt Ltd Avx India Electronics Pvt Ltd B F Bahoinals B K Modi Balraj Singh Mejie 25.00 100.00 100.00 50.00 25.00 Bbr India Pvt Ltd Bharat Joshi & Satish Chandra Soman Bhartta Bachat Ltd Boving Fouress Pvt Ltd Breejenabout (india) Pvt Ltd B S Sahney C Padmanablan Conveyor Systems Pvt Ltd Foreign Associate (4) Country (5) Came Corprn (i) Harry G Honsman (ii) Media Flex Ltd Samia S L V Backer Electrs Verma Ab Paw Phonix Armaturen Werke Bregel Gmsll USA USA USA Italy Sweeden West Germany Grc Composites Ltd Geosource Inc Eleontrol Spa Star Nacro Inc Pelletch Corpn Canada USA Italy USA USA 20.00 50.00 10.00 150.00 300.00 Heinrich Kopp Gmbh Avx Corporation Fairplay Group Inc Diabo Systems Inc Span Holdings Ltd USA USA USA USA Bahamas 36.36 20.00 30.00 40.00 40.00 19.80 10.00 108.33 34.00 10.00 Proclqu Sa Racor Ind Inc Brembo Spa Boving & Co Ltd Bagger Maatschappis Breejenbout B V Switzerland USA Italy UK Holland 35.00 25.00 40.00 100.00 50.00 12.00 Cibie Projecteurs Brack & Peter Peerless A Division of Lear Siegler Inc France Switzerland USA (Contd...) (1) (2) (3) Desmat Chemford Engg Pvt Ltd Dhanvin Mehta 40.00 40.00 20.00 8.75 Dinesh Kumar Garg Dinol Shroff India Ltd Dr R Thangappan Drewtreat Chanieds Pvt Ltd E M A India Ltd 40.00 40.00 49.00 26.00 14.54 (4) (5) N V Extraction De Smet Globe & Associates Belgium USA 200.00 10.00 18.36 15.00 55.02 Nuova Stai Dinol Intl Ab George Wmthrouten Ltd Drew Chemls Maschinen Fabrik Gehring Gmsll Italy Sweden UK Ciberia West Germany 30.00 100.00 14.98 10.00 39.90 5.00 22.50 500.00 110.00 50.00 Electronic Water Conditoner Inc Eg & G Vertec Alusit Ltd Vacuum Inc Fishkars Oy Ab USA USA UK USA Finland Gec Power Engg Services of India Ltd Globe Scott Mators Pvt Ltd Gyan Leather Board Pvt Ltd Harshendu Upendra Kara Heatly & Gresham (india) Ltd 74.00 40.00 40.00 28.57 40.00 15.00 10.00 141.00 5.25 20.00 Gec Plc Sem Inc Berflex Export Spa Mercury Switches Inc I M D Ab UK USA Italy USA Sweden Hk Nathani Hope India Ltd Humboldt Wedag (I) Pvt Ltd I W T Gr Water Treatment Pvt Ltd India Intl Ltd 48.00 11.00 40.00 40.00 36.00 125.00 0.00 5.00 0.10 90.00 Fritz Ven Der Helm Direct Reduction Corporation Khd Humboldt Wedag Illinois Water Treatment Co Tie Gommunication Inc West Germany USA West Germany USA USA Indian Charge Crome Ltd Indo Schottee Auto Parts Pvt Ltd Indocan Exploration & Drilling Co Ltd Inteco Colloids Pvt Ltd Integra India Pvt Ltd 16.25 25.00 40.00 35.00 39.00 4000.00 5.00 25.00 10.00 150.00 Elekem A/s Iwa Gmsll Kenting Drilling Co Ltd Fluid Dyanamics Services Integra Ltd Norway West Germany Canada UK Switzerland International Creative Foods Pvt Ltd J N M Systems And Services Ltd Jaidev Kumar 30.00 33.32 66.66 50.00 25.00 30.00 Tif Food Mandels Gmbll Arca Reglergmsh Waves Bags & Accessories Ltd West Germany West Germany UK E W C (india) Pvt Ltd Eg & G Vactee Opto Electronics Esvi International(engineers & Exporters Falta Electronics Displays Ltd Fiskars India Ltd (Contd...) (1) (2) (3) Janak Khilnani Jasu Shah 40.00 30.00 40.00 15.00 Jay Electric Wire Corpn Ltd K N Sareen K N Seshadri K Ramesam K S Krishnan Asociates Pvt Ltd 40.00 82.50 15.00 20.00 40.00 Kamaljit Singh Kanianthra Sushil Joseph Kienzle Indian Samay Ltd Kirloskar Rateay Ltd Land & Marine Engineering (I) Pvt Ltd Lohia Starlinger Pvt Ltd M K Chowdhary M Kalidas M L Tandon Madhya Pradesh Fibres Ltd (4) (5) Donaldson Dobson Park Engg Ltd USA UK 124.00 8.00 150.00 10.00 27.00 Molex Intl Inc Akon Inc Danver Technologies Group Intl Hemories Inc G.Mazzpni Spa USA USA USA USA Italy 51.00 40.00 26.00 30.00 40.00 115.00 85.00 173.07 25.00 10.00 Hoganss Melton Bradly International Inc Kienzle Unrenfasrikengmsh Alsthom Altantique (rateau) Land & Maine Engg (overseas) Ltd Sweedan USA West Germany France UK 40.00 40.00 40.00 90.00 20.50 10.00 35.35 10.00 20.00 1951.21 Maschinen Fabrik Starlinger & Co Indus Systems Hofland Pekking B V Tandon Corporation Chemtex Fibres Inc Austria USA Hetherlands USA USA Mahesh M Uberoi Manju Bharat Ram Manoharlal Tandon Modern Alarms & Electronics Pvt Ltd Mohan Vasant Rao Ghatge 100.00 50.00 23.00 40.00 23.00 1.00 22.00 10.00 5.00 173.91 Oberoi International Inc Group Sports Wear Condor Dc Power Supplies Inc Introder Alarms Suppliers Ltd Agrav Enlagenbau Gmbll USA Italy USA UK West Germany Morgan India Brush Gear Pvt Ltd Mukesh Chatter Myricks Piping Systems Pvt Ltd Nava Bharat Parker Drilling Pvt Ltd Nevaz J Desai 30.00 40.00 40.00 40.00 15.00 10.00 220.00 5.00 100.00 500.00 Morgan Components Ltd Incon Intl Inc Myricks Engg Ltd Parker Drilling Co Yanmar Diesel Engine Co Ltd UK USA UK USA Japan New Day Handicrafts Pvt Ltd Nicco Batteries Ltd Nicco Helifusion Ltd 0.00 26.10 40.00 0.00 200.00 10.00 Globe Batteries Helifusion Ltd USA UK (Contd...) (1) (2) (3) Parimala Singh Pasadena Computer Sohtware Pvt Ltd 20.00 39.70 10.00 7.30 Pasadena Electric Modular Systems Pvtltd Pasadena Technology India Pvt Ltd Pillar Induction India Pvt Ltd Pine Chemicals Tds Pioneer Engg Corpn 40.00 40.00 40.00 16.00 20.00 Poona Coupling Pvt Ltd Pradeep Kumar Anil Pvc Coated Sheets R N Talwar R Venkataramna (4) (5) Hindustani Imports Electronic Modular Inc USA USA 50.00 100.00 10.00 78.12 7.50 Emc Inc Electronic Modular Systems Inc Pillar Corpn Packaging Industries Group Inc Central Steel Tubes Co USA USA USA USA USA 20.00 39.70 40.00 40.00 50.00 5.00 80.10 650.00 100.00 2.50 Helsat Engg Co Industrie Riunite Eurodomostical Cockerill Mechanical India A C Sparks Plugs Divisional of General Motor Corp Strategy Wares Inc UK Italy Belgium USA USA Raghav Bir Sawhney Raj Kumar Markan & B S Chandrashekar Rajasthan State Indl Dev. & Invt Corpn Ramesh Mundalia Ramsons Cables Pvt Ltd 35.00 40.00 26.00 40.00 80.00 20.00 10.00 400.00 30.00 66.07 Pepperl & Fuchs Vetailigungs Gmbll Ulrich Glasmeyer Klingenserg Dekormaik Gmsll Action Computers Enterprises Inc Nippon Cable System Inc West Germany West Germany West Germany USA Japan Ravi Delmach Cranes Pvt Ltd Ravi Ramanujam S K Bhusry & P N Bhusry S Shankaran S Venkataraman 25.00 40.00 25.00 10.00 27.24 75.00 48.12 6.25 20.00 849.85 Delmach Raclne Die Casting Corpn Christien Geyer Gmbh & Co Hatwork International Ltd Sif Italy USA West Germany UK France Salar Aids Corpn Salstat Marine Pvt Ltd Secure Image Systems Pvt Ltd Shapoorji Sotex Drilling Pvt Ltd Shiv Ganga Fisheries Ltd 26.00 34.00 40.00 40.00 40.00 230.00 235.29 20.00 450.00 100.00 Ferinand Merread Estaleiros Navals De Mondeco Sarl Computer Lientification Systems Inc South Texas offshore Drilling Co Armament Cooperstif Finisterien West Germany Portugal USA USA France Shreyee Chinubhai Sheth Shri Anil Kumar & T Patel Shri B N Ojha Shri Devang Gandhi Shri Gogesh Chandra 40.00 40.00 40.00 25.00 40.00 24.00 2.00 25.00 118.40 300.00 New England Industries Writgengmbtt Mtx Telecom Services Inc Owens Illinois Inc Shows Manufacturing Co Ltd UK West Germany Canada USA Japan (Contd...) (1) (2) (3) (4) (5) Shri K T Thomas Shri M Kalidas Shri M Rangaswami Shri N Kumar Shri P Vijaya Kumar Reddy 20.00 40.00 40.00 40.00 26.00 50.00 10.00 27.50 10.00 180.00 Terrace Ltd Alexander Espleu & Co Ltd The Geekay Organisation Ltd Pebco Inc Toshiba Tungaley Co Ltd Cyprus UK Sri Lanka USA Japan Shri S Payekh & Shri N Nagaraj Shri V S Sapra Eltch Systems (I) Ltd Shyam Maheshware Sober Tools Ltd Soladur Systems India Pvt Ltd 22.27 40.00 40.00 25.00 15.00 330.04 100.00 30.00 20.00 5.00 Welco Industrials Spa Eltech Systems Ltd Bachmann Ind Ltd Reform Maschinen Fabrik Wulfing Und Hauck Gmbh & Co Italy Bermuda USA West Germany West Germany Soumag Electronics Ltd Standard Engg Industries Star Agro Inds Pvt Ltd Steel & Allied Products Ltd Sti Biplus Tubing (I) Ltd 20.00 26.00 33.33 20.30 15.00 50.00 12.00 150.00 150.00 0.00 Crouzet Sa Havev & Backer Gesell Schaft Fur Technologie Transfer Rohde & Dorrenberg Card Froh Rohren Work France West Germany West Germany West Germany West Germany Stock Traders Pvt Ltd Subres Pvt Ltd Sudersan Varadaraj Tamil Nadu Marine Plast Pvt Ltd Tata Bradbury Wilkinson Pvt Ltd 26.00 26.00 40.00 40.00 26.00 20.00 300.00 10.00 20.00 125.00 Teletric Corpn Nippondense Co Ltd & Suzuki Moter Co Ltd Pesto Pneumatic P E Marinplast Faras Bradusury Wilkinson Ltd West Germany Japan West Germany Islands UK Thermon Heat Tracers Pvt Ltd Tribology India Pvt Ltd Trinipack Systems Ltd U P Electronics Corpn Ltd U P State Mineral Devt Corpn Ltd 40.00 40.00 40.00 18.50 19.00 50.00 2.50 77.00 2702.70 4576.00 Thermon Manufacturing Co Hydremecenique Et Freltenart Canadian Overseas Packaging Industry Ltd Toshiba Corpn & Mitsubishi Corpn (i) Marine Devpt Services (ii) Pilkington Bros USA France Canada Japan UK UK Ultra Filter India Pvt Ltd Under Water Services Co Usha Didak Ltd V R Thiruvady & N K Prasad Varso Belt Industries Pvt Ltd 15.00 40.00 40.00 40.00 81.97 30.00 10.00 50.00 20.00 30.49 Ultra Filter Gmsll G G Doris Didak Mfg Co Ltd John Zink Co Ltd Vss Mohammed Eusoq &sons &vss Mohammed Eusoff West Germany France Canada UK Singapore (Contd...) (1) (2) Vijay K Mehan Vijay Kumar Jatia Wiba Shoes Pvt Ltd Source: 40.00 40.00 40.00 (3) 93.75 25.00 20.00 (4) Glow Lite Corpn Ef Houghton & Co Wiba Ltd (5) USA USA Hong Kong Same as in Annexure I. (Contd...) 38 Annexure - VIII List of Government Companies Having Foreign Share Exceeding 10 Per Cent in Equity (1983-84) Name % of Foreign Holding PUC (2) (3) Ferro Scrap Nigam Ltd 40.00 200.00 1582.91 Cochin Refineries Ltd 26.43 700.00 19264.00 Lubrizol India Ltd 40.00 480.00 3319.93 Madras Refineries Ltd 26.00 1288.00 55796.00 Madras Fertilizers Ltd 49.01 1365.00 8447.00 (1) Assets Country (Rs. in Lakhs) (4) Maruti Udyog Ltd 24.50 2942.00 20552.00 Triveni Structurals Ltd 19.60 750.00 3376.00 Industrial Credit And Investment Corpn of India 14.16 2700.00 N.A. Source: Same as in Annexure I. Foreign Associate (5) (6) Harsco Corporation U.S.A. Phillips Petroleum Co U.S.A. Lubrizol Corporation U.S.A. Union Oil Co U.S.A. Amoco/national Iranian Oil Co Ltd U.S.A. Suzuki Motor Co Ltd Japan Voest Alpine Austria N.A. USA
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