(b) Details pertaining to the subsidiaries Proportion of direct ownership (%) Proportion of indirect ownership (%) Name of subsidiaries Principal activity Stated Capital (MUR 000s) Sep-23 Sep-22 Sep-23 Sep-22 Year end Non Controlling Interest (%) Investments 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 – Cim CSR Fund Ltd Charitable institution – 100.0 100.0 – – 30 September – Loinette Capital Limited* Asset based finance provider SME 422,511 75.0 – – – 31 December 25.0 Tsusho Capital (Mauritius) Ltd** Leasing – – 100.0 – – 31 March – All the companies have only ordinary shares, except for Cim CSR Fund Ltd which has management shares. The Company has provided letters of support in favour of subsidiaries having financial difficulties. The above subsidiaries are incorporated in Mauritius except for Cim Credit Kenya Ltd and Cim Insurance Agency Ltd which are incorporated in Kenya. Excluding companies under liquidation and dormant companies. * Loinette Capital Limited is a SME focused lender across sub-Saharan Africa. Refer to note 36. ** Tsusho Capital (Mauritius) Ltd has been amalgamated to the holding company on 1 October 2022. 167 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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