-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F1VlGLqcAerN5WAWOUcNPxRBzmFoE9dFEVi3RdWE61Y7z/0d90QbT9I8RtObyfo7 JatLAujyPju5k8nQ9JioEw== 0001104659-05-058082.txt : 20051129 0001104659-05-058082.hdr.sgml : 20051129 20051129145545 ACCESSION NUMBER: 0001104659-05-058082 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050930 FILED AS OF DATE: 20051129 DATE AS OF CHANGE: 20051129 EFFECTIVENESS DATE: 20051129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY INDIA INVESTMENT FUND, INC. CENTRAL INDEX KEY: 0000916618 IRS NUMBER: 132838811 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-08238 FILM NUMBER: 051231516 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: BOSTON STATE: MA ZIP: 10020 BUSINESS PHONE: 6175578742 MAIL ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER INDIA INVESTMENT DATE OF NAME CHANGE: 20000504 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY INDIA INVESTMENT FUND INC DATE OF NAME CHANGE: 19940127 FORMER COMPANY: FORMER CONFORMED NAME: INDIA INVESTMENT FUND INC DATE OF NAME CHANGE: 19931228 N-Q 1 a05-20901_7nq.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

[Annotated Form N-Q]

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-08238

 

MORGAN STANLEY INDIA INVESTMENT FUND, INC.

(Exact name of registrant as specified in charter)

1221 AVENUE OF THE AMERICAS 22ND FLOOR NEW YORK, NY

10020

(Address of principal executive offices)

(Zip code)

RONALD E. ROBISON
1221 AVENUE OF THE AMERICAS 33RD FLOOR NEW YORK, NY, 10020

(Name and address of agent for service)

 

 

 

Registrant’s telephone number, including area code:

1-800-221-6726

 

 

Date of fiscal year end:

12/31

 

 

Date of reporting period:

9/30/05

 

 



 

Item 1.  Schedule of Investments.

 

The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:

 



 

Morgan Stanley India Investment Fund, Inc.

Third Quarter Report

September 30, 2005 (unaudited)

 

Portfolio of Investments

 

 

 

 

 

Shares

 

Value
(000)

 

COMMON STOCKS (96.3%)

 

 

 

 

 

 

 

(Unless Otherwise Noted)

 

 

 

 

 

 

 

Airlines (1.0%)

 

 

 

 

 

 

 

Jet Airways India Ltd

 

 

 

250,000

 

$

6,351

 

Auto Components (3.6%)

 

 

 

 

 

 

 

Apollo Tyres Ltd.

 

 

 

592,307

 

3,943

 

Motor Industries Co., Ltd.

 

 

 

138,440

 

7,661

 

Patheja Forgings & Auto Ltd.

 

(a)(b)

 

450,000

 

@

Rico Auto Industries Ltd.

 

(b)

 

5,600,000

 

10,726

 

 

 

 

 

 

 

22,330

 

Automobiles (5.0%)

 

 

 

 

 

 

 

Hero Honda Motors Ltd.

 

 

 

1,142,332

 

19,284

 

Mahindra & Mahindra Ltd.

 

 

 

1,327,000

 

11,419

 

 

 

 

 

 

 

30,703

 

Chemicals (0.9%)

 

 

 

 

 

 

 

Gujarat Fluorochemicals Ltd

 

 

 

51,000

 

2,205

 

ICI (India) Ltd.

 

 

 

25,000

 

190

 

SRF, Ltd.

 

 

 

414,000

 

2,994

 

 

 

 

 

 

 

5,389

 

Commercial Banks (11.2%)

 

 

 

 

 

 

 

HDFC Bank Ltd.

 

 

 

1,075,279

 

16,820

 

HDFC Bank Ltd. ADR

 

 

 

135,300

 

6,927

 

Punjab National Bank Ltd.

 

(b)

 

1,373,658

 

14,808

 

State Bank of India Ltd.

 

(b)

 

761,016

 

18,358

 

UTI Bank Ltd.

 

 

 

1,517,000

 

9,163

 

UTI Bank Ltd. GDR

 

(a)

 

450,000

 

2,677

 

 

 

 

 

 

 

68,753

 

Communications Software (0.8%)

 

 

 

 

 

 

 

Geodesic Information Systems

 

(b)

 

960,000

 

5,197

 

Construction & Engineering (6.2%)

 

 

 

 

 

 

 

Gammon India Ltd.

 

 

 

1,523,395

 

14,081

 

Hindustan Construction Co., Ltd.

 

(b)

 

1,088,880

 

24,077

 

 

 

 

 

 

 

38,158

 

Construction Materials (4.9%)

 

 

 

 

 

 

 

Associated Cement Co., Ltd.

 

 

 

1,279,000

 

14,178

 

Gujarat Ambuja Cements Ltd. GDR

 

 

 

2,062,500

 

3,403

 

Gujarat Ambuja Cements, Ltd

 

 

 

7,020,000

 

12,258

 

 

 

 

 

 

 

29,839

 

Diversified Financial Services (1.3%)

 

 

 

 

 

 

 

Infrastructure Development Finance

 

(a)

 

5,117,640

 

8,255

 

Diversified Telecommunication Services (1.4%)

 

 

 

 

 

 

 

Mahanagar Telephone Nigam Ltd.

 

 

 

3,037,500

 

8,811

 

Electric Utilities (1.5%)

 

 

 

 

 

 

 

National Thermal Power Corp., Ltd.

 

 

 

3,727,000

 

8,988

 

Electrical Equipment (17.5%)

 

 

 

 

 

 

 

ABB Ltd.

 

 

 

651,491

 

25,342

 

Bharat Heavy Electricals Ltd.

 

 

 

1,870,848

 

52,101

 

Emco Ltd. GDR

 

 

 

350,000

 

3,210

 

Siemens India Ltd.

 

 

 

457,604

 

27,317

 

 

 

 

 

 

 

107,970

 

Energy Equipment & Services (0.9%)

 

 

 

 

 

 

 

Aban Loyd Chiles Offshore

 

 

 

403,000

 

5,403

 

Food Products (1.1%)

 

 

 

 

 

 

 

Tata Tea Ltd.

 

 

 

365,500

 

6,994

 

Gas Utilities (0.8%)

 

 

 

 

 

 

 

Indraprastha Gas Ltd.

 

 

 

1,741,020

 

5,123

 

Hotels, Restaurants & Leisure (1.9%)

 

 

 

 

 

 

 

Hotel Leela Venture Ltd.

 

 

 

1,919,793

 

11,334

 

Household Products (4.1%)

 

 

 

 

 

 

 

Hindustan Lever Ltd.

 

 

 

6,084,445

 

25,076

 

Internet Software & Services (0.0%)

 

 

 

 

 

 

 

IndiaInfo.com PCL

 

(a)(b)

 

532,875

 

@

IT Services (7.4%)

 

 

 

 

 

 

 

HCL Technologies Ltd.

 

 

 

695,000

 

7,219

 

Infosys Technologies Ltd.

 

 

 

435,900

 

24,961

 

Wipro Ltd.

 

 

 

1,217,182

 

10,296

 

 

1



 

Wipro Ltd. ADR

 

 

 

286,860

 

2,972

 

 

 

 

 

 

 

45,448

 

Media (0.7%)

 

 

 

 

 

 

 

New Delhi Television

 

 

 

833,250

 

3,984

 

Metals & Mining (2.9%)

 

 

 

 

 

 

 

Hindalco Industries Ltd.

 

 

 

2,630,380

 

8,800

 

Tata Iron & Steel Co., Ltd.

 

 

 

905,100

 

8,720

 

 

 

 

 

 

 

17,520

 

Oil & Gas (2.6%)

 

 

 

 

 

 

 

Indian Oil Corp., Ltd.

 

 

 

680,500

 

6,994

 

Oil & Natural Gas Corp., Ltd.

 

 

 

126,254

 

3,047

 

Reliance Industries Ltd.

 

 

 

342,000

 

6,174

 

 

 

 

 

 

 

16,215

 

Paper & Forest Products (0.9%)

 

 

 

 

 

 

 

Ballarpur Industries Ltd.

 

 

 

2,027,000

 

5,573

 

Personal Products (0.9%)

 

 

 

 

 

 

 

Marico Ltd.

 

 

 

853,070

 

5,647

 

Pharmaceuticals (5.3%)

 

 

 

 

 

 

 

Aventis Pharma Ltd.

 

 

 

322,000

 

10,618

 

Cipla Ltd.

 

 

 

1,483,910

 

12,830

 

Glenmark Pharmaceuticals Ltd.

 

 

 

1,279,872

 

9,260

 

 

 

 

 

 

 

32,708

 

Road & Rail (2.9%)

 

 

 

 

 

 

 

Container Corp. of India Ltd.

 

 

 

596,251

 

18,041

 

Tabacco (4.4%)

 

 

 

 

 

 

 

ITC Ltd.

 

 

 

8,700,000

 

27,067

 

Textiles, Apparel & Luxury Goods (0.7%)

 

 

 

 

 

 

 

Welspun India Ltd.

 

(a)

 

1,495,000

 

4,267

 

Thrifts & Mortgage Finance (3.5%)

 

 

 

 

 

 

 

Housing Development Finance Corp., Ltd.

 

 

 

912,855

 

21,591

 

TOTAL COMMON STOCKS
(Cost $315,798)

 

 

 

 

 

592,735

 

 

 

 

 

 

Face

 

 

 

 

 

 

 

Amount

 

 

 

 

 

 

 

(000)

 

 

 

SHORT-TERM INVESTMENT (1.8%)

 

 

 

 

 

 

 

Repurchase Agreement (1.8%)

 

 

 

 

 

 

 

J.P. Morgan Securities, Inc., 3.70%,
dated 9/30/05, due 10/3/05
repurchase price $11,259 (Cost $11,256)

 

(c)

 

$

11,256

 

11,256

 

TOTAL INVESTMENTS+ (98.1%) (Cost $327,054)

 

 

 

 

 

603,991

 

OTHER ASSETS IN EXCESS OF LIABILITIES (1.9%)

 

 

 

 

 

11,241

 

NET ASSETS (100%)

 

 

 

 

 

$

615,232

 

 


(a)                                  Non-income producing security.

(b)                                 Security was valued at fair valued - At September 30, 2005, the Fund held $73,166,000 of fair valued securities, representing 11.9% of net assets.

(c)                                  Represents the Fund’s undivided interest in a joint repurchase agreement which has a total value of $633,510,000. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corporation: 0.00% to 4.20%, due 12/1/05 to 5/27/11; Federal National Mortgage Association: 0.00% to 5.50%, due 10/7/05 to 1/12/15; Federal Farm Credit Bank: 0.00% to 5.50%, due 10/7/05 to 8/17/20; Federal Home Loan Bank: 0.00% to 5.375%, due 3/28/06 to 8/15/19; and Tennessee Valley Authority: 4.375% to 7.125%, due 11/13/08 to 1/15/38, which had a total value of $646,181,745. The investment in the repurchase agreement is through participation in a joint account with affiliated parties pursuant to exemptive relief received by the Fund from the SEC.

+                                         At September 30, 2005, the U.S. Federal income tax cost basis of investments was approximately $327,054,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $276,937,000 of which $283,778,000 related to appreciated securities and $6,841,000 related to depreciated securities.

ADR                     American Depositary Receipt

GDR                       Global Depositary Receipt

INR                           Indian Rupee

 

2



 

Item 2.  Controls and Procedures.

 

(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

 

(b)  There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.

 

Item 3.  Exhibits.

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

Morgan Stanley India Investment Fund, Inc.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

November 21, 2005

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

November 21, 2005

 

 

 

 

By:

/s/ James Garrett

 

Name:

James Garrett

 

Title:

Principal Financial Officer

 

Date:

November 21, 2005

 

 


EX-99.CERT 2 a05-20901_7ex99dcert.htm CERTIFICATION

Exhibit 99.CERT

 

I, James Garrett, certify that:

 

1.             I have reviewed this report on Form N-Q of Morgan Stanley India Investment Fund, Inc.;

 

2.             Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.             Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.             The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)                                  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)                                 Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)                                  Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)                                 Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.             The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)                                  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)                                 Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: November 21, 2005

 

 

 

 

 

 

/s/James Garrett

 

 

James Garrett

 

Principal Financial Officer

 



 

I, Ronald E. Robison, certify that:

 

1.             I have reviewed this report on Form N-Q of Morgan Stanley India Investment Fund, Inc.;

 

2.             Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.             Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.             The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)                                  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)                                 Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)                                  Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)                                 Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.             The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)                                  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)                                 Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 21, 2005

/s/Ronald E. Robison

 

 

Ronald E. Robison

 

Principal Executive Officer

 


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