159 I N T E G R A T E D R E P O R T 2 0 2 1 20. INVESTMENTS IN SUBSIDIARIES (b) Details pertaining to the subsidiaries Proportion of direct ownership (%) Proportion of indirect ownership (%) Name of subsidiaries Principal activity Stated Capital (MUR000s) Sep-21 Sep-20 Sep-21 Sep-20 Year end Finance Cim Finance Ltd* Credit card business, factoring, consumer finance, leasing 860,000 - 100.0 - - 30 September Cim Forex Ltd Forex dealer 27,000 100.0 100.0 - - 30 September Cim Agencies Ltd* Insurance agent 500 - 100.0 - - 30 September Mauritian Eagle Leasing Company Ltd* Leasing 690,000 - 100.0 - - 30 September Investments Cim Management Services Ltd* Management services 100 - 100.0 - - 30 September Cim Shared Services Ltd* Support activities 1 - 100.0 - - 30 September Cim International Holdings Ltd Investment holding 195,943 100.0 100.0 - - 30 September Cim Kenya Ltd Holding company - 100.0 100.0 - - 30 September Cim Credit Kenya Ltd Provision of retail credit 3 - - 100.0 100.0 30 September Cim Insurance Agency Ltd Insurance agent 37 - - 100.0 100.0 30 September Cim Administrators Ltd Secretarial services 25 100.0 100.0 - - 30 September Cim Learning Centre Ltd Investment holding 1,000 100.0 100.0 - - 30 September Key Financial Services Ltd Investment holding 300 - - 100.0 100.0 30 September The Oceanic Trust Co. Ltd Corporate trustee 426 - - 100.0 100.0 30 September Cim Investments Ltd Dormant - 100.0 100.0 - - 30 September All the companies have only ordinary shares. The above subsidiaries are incorporated in Mauritius except for Cim Credit Kenya Ltd and Cim Insurance Agency Ltd which are incorporated in Kenya. * These 5 companies have been amalgamated into the Holding Company Cim Financial Services Ltd after the financial year end, on the 1st October 2020, refer to note 2.4 - Amalgamation of entities under common control. ◊ Excluding companies under liquidation and dormant companies. Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s
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