Page 242 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
NTaottaesSteoetlh(eThCaoinlasnodlid) aPtuebdliacnCdoSmeparnayteLiFminiatendcial Statements Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
c) Shortt--tteermrmbbororrorwoiwnginsgfrsofmroamsaubssuidbisairdyiary
The movement of short-term borrowings from a subsidiary during the years ended 31 March 2025 and 2024
comprise the following:
Opening balance for the year
Net increase (decrease) of borrowings during the year
Closing balance for the year
Separate financial statements
2025 2024 Thousand Thousand Baht Baht
989,321 - (481,187) 989,321
508,134 989,321
As at 31 March 2025, short-term borrowings from a subsidiary in amount of Baht 508 million bear interest rate at 0.5% per annum (2024 : Baht 989 million bear interest rate at 0.5% per annum), short-term borrowings from a subsidiary are non-collateralised loans and not specified maturity date.
Relationship between company and related parties:
Name
Tata Steel Limited
Tata Steel Manufacturing (Thailand) Public
Company Limited
The Siam Industrial Wire Co., Ltd. Tata International Metals Asia Ltd. Tata International Singapore Pte. Ltd. Tata Sons Private Limited
TSN Wires Co., Ltd.
Tata International Limited
Tata Communications (Thailand) Co., Ltd Tata Services Limited
Tata International Metals Americas Ltd. Jamipol Limited
Mjunction Services Limited
Novamesh Limited
Type of Business
Manufacture steel
Manufacture, render a manufacturing
service, distributions and trading of steel bars, wire rods and small section products
Manufacture steel wire Trading
Trading
Investment holdings and
consultancy services Manufacture galvanized steel wire Trading
Telecommunications service Training services
Trading
Manufacture steel
Trading and Procurement Information technology services
Relationship
Ultimate parent company Common shareholder
and management
Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders
Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders Same group of shareholders
240 Tata Steel (Thailand) Public Company Limited