1. Summary Information

		Country	India
Company Name	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED	Principal Name 1	Mr. Rajendra R. Bhinge
Status	Satisfactory	Principal Name 2	Mr. Kulbhushan Girotra
		Registration #	25-015038
Street Address	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra
Established Date	05.01.1996	SIC Code	--
Telephone#	91-20-22932115/ 66738888/ 66738723	Business Style 1	Manufacturer
Fax #	91-20-22932638/ 66738989	Business Style 2	--
Homepage	http://www.tacogroup.com	Product Name 1	Automotive Seating Systems
# of employees	600 (Approximately)	Product Name 2	Providing Engineering Services
Paid up capital	Rs.127,000,000/-	Product Name 3	--
Shareholders	Foreign holdings (50%) Bodies corporate (50%)	Banking	Corporation Bank
Public Limited Corp.	Yes	Business Period	15 Years
IPO	Yes	International Ins.	-
Public Enterprise	Yes	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	Tata Johnson Systems Engineering LLC
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,347,490.000	Current Liabilities	1,284,536,000
Inventories	213,883,000	Long-term Liabilities	216,100,000
Fixed Assets	576,280,000	Other Liabilities	255,831,000
Deferred Assets	0,000	Total Liabilities	1,756,467,000
Invest& other Assets	110,116,000	Retained Earnings	364,302,000
		Net Worth	491,302,000
Total Assets	2,247,769,000	Total Liab. & Equity	2,247,769,000
Total Assets (Previous Year)	1,866,313,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	4,403,238,000	Net Profit	279,507,000
Sales(Previous yr)	3,496,556,000	Net Profit(Prev.yr)	251,210,000

MIRA INFORM REPORT

Report Date :

05.11.2011

IDENTIFICATION DETAILS

Name :	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED
Registered Office :	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	05.01.1996
Com. Reg. No.:	25-015038
Capital Investment / Paid-up Capital :	Rs.127.000 Millions
CIN No.: [Company Identification No.]	U34300PN1996PLC015038
TAN No.: [Tax Deduction & Collection Account No.]	PNET01036A
PAN No.: [Permanent Account No.]	AAACT6342D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Automotive Seating Systems and Providing Engineering Services.
No. of Employees :	600 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 1965000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a joint venture between Tata and Johnson Control Inc., USA. It is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office/ Manufacturing Division :	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra, India
Tel. No.:	91-20-22932115/ 66738888/ 66738723
Fax No.:	91-20-22932638/ 66738989
E-Mail :	tjc@tacogroup.com umesh_gosavi@tjc.co.in
Website :	http://www.tacogroup.com
Location :	Owned
Factory 1 :	Pune plant and foam unit Plot #1, Survey #235/245, Hinjewadi, Taluka Mulshi, Pune - 411057, Maharashtra, India
Tel. No.:	91-20-22932115
Fax No.:	91-20-22932638
Factory 2 :	Engineering business 301-309, Sohrab Hall, 21, Sasoon Road, Behind Pune Railway Station, Pune 411 001, India
Tel. No.:	91-20-26000100
Fax No.:	91-20-26059104
Factory 3:	Chennai plant Plot #2, Ford India Supplier Park, SP Koil Post, Chengalpattu, Chennai – 603 204, Tamilnadu, India
Tel No:	91-44-27452811
Fax No:	91-44-27453011
Factory 4 :	Engineering Division 301, 3^rd Floor, Panchshil Tech Park, S.No.19, 20, Hinjewadi, Taluka Mulshi, Pune – 411 057, Maharashtra, India
Tel. No.:	91-20-66757777
Fax No.:	91-20-66757788
Overseas Office 1 :	Tata Johnson Systems Engineering 49200 Halyard Drive, Post Office Box 8010, Plymouth, MI 48170, USA
Overseas Office 2 :	Tata Johnson Controls Automotive Limited C/o Johnson Controls GmbH, Main Building, Room No. 009 – 0046 Industriestrasse 20-30 51399, Burscheid, Germany
Corporate Office:	Taco House, Damle Path, Off Law College Road, Pune – 411 004, Maharashtra, India
Fax No:	91-20-66085034/ 66085102
Representative Office 1:	2792 Alisop Place Suite #207, Troy MI 48084, US
Tel No:	1-248-205-7853
Fax No:	1-248-404-9533
Representative Office 2:	3403 Shanghai Information Tower, 211 Century Avenue, Pudong, Shanghai-200120, China
Tel No:	86-21-58781986
Fax No:	86-21-58784667

DIRECTORS

As on 11.08.2010

Name :

Mr. Rajendra R. Bhinge

Designation :

Chairman cum Managing Director

Address :

Flat No. 3501, Tower 2, Planet Godrej, Keshavrao Khadye Road, Mumbai- 400011, Maharashtra, India

Date of Birth/Age :

29.05.1952

Date of Appointment :

25.07.1996

Date of Ceasing :

07.08.2009

DIN No. :

00036557

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U01110MH1990PLC057600	Oriental Floratech India Limited	Director	16/04/1991	16/04/1991	26/05/2009	Active	NO
U84200MH1992PLC066138	Itel Industries Limited	Director	27/03/1992	27/03/1992	28/08/2008	Active	NO
U74999MH1993PLC072118	Oriental Seritech Limited	Director	25/05/1993	25/05/1993	7/08/2009	Active	NO
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	25/07/1996	25/07/1996	-	Active	NO
L32200MH1940PLC003164	Nelco Limited	Director	29/08/2003	29/08/2003	-	Active	NO
U34100MH1995PLC093733	Tata Autocomp Systems Limited	Director	30/07/2004	30/07/2004	-	Active	NO
U31900MH2005PLC158120	Infiniti Retail Limited	Director	16/12/2005	16/12/2005	-	Active	NO
U51900MH2006PLC159776	Computational Research Laboratories Limited	Director	6/08/2007	14/07/2006	-	Active	NO
U67120MH1987PLC044351	Tatanet Services Limited	Director	14/09/2011	14/09/2011	-	Active	NO

Name :

Mr. Kulbhushan Girotra

Designation :

Director

Address :

D- 4, Melody 12, ICS Colony, Ganesh Khind Road, Pune- 411007, Maharashtra, India

Date of Birth/Age :

01.10.1947

Date of Appointment :

29.09.2009

Date of Ceasing :

26.08.2011

DIN No. :

00286114

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34101MH2006PLC164771	Tata Marcopolo Motors Limited	Nominee director	25/06/2007	20/09/2006	19/10/2010	Active	NO
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	5/01/2009	26/08/2011	Active	NO
U34201UP2006PTC041454	Adithya Automotive Applications Private Limited	Director	16/06/2009	16/06/2009	-	Active	NO
U34200MH2005PTC154348	Tata International Dlt Private Limited	Director	12/07/2010	13/10/2009	-	Active	NO

Name :

Mr. Ajay Hari Tandon

Designation :

Director

Address :

Rose Land Residency, Row House No. 93, Gate No. 3, Pimple Saudagar, Pune- 411027, Maharashtra, India

Date of Birth/Age :

07.01.1959

Date of Appointment :

12.04.2008

Date of Ceasing :

15.02.2010

DIN No. :

00128667

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U32109PN2005PTC020334	Trimble Mobility Solutions India Private Limited	Director	29/12/2008	10/04/2008	14/12/2010	Active	NO
U74999MH1998PLC112992	Tata Ficosa Automotive Systems Limited	Director	29/09/2008	10/04/2008	-	Active	NO
U31902PN2005PTC020905	Visteon Automotive (India) Private Limited	Additional director	10/04/2008	10/04/2008	15/02/2010	Active	NO
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2008	12/04/2008	-	Active	NO
U32109PN2007PLC129527	Taco Sasken Automotive Electronics Limited	Director	16/07/2008	29/04/2008	25/12/2008	Under liquidation	NO
U29299PN2008PLC132935	Isri Tjc Automotive Seating Limited	Director	8/04/2009	16/10/2008	-	Active	NO
U28910TN1997PLC047905	Sungwoo Gestamp Hitech (Chennai) Limited	Nominee director	25/12/2008	25/12/2008	4/02/2009	Active	NO
U29299PN2005PTC020907	Visteon Engineering Center (India) Private Limited	Director	4/09/2009	1/09/2009	15/02/2010	Active	NO
U34300PN2000PLC015253	Taco Composites Limited	Director	6/06/2010	4/05/2010	-	Active	NO
L28932PN1990PLC016314	Automotive Stampings and Assemblies Limited	Additional director	27/07/2011	27/07/2011	-	Active	NO

Name :

Mr. Rameshwar Singh Thakur

Designation :

Director

Address :

Flat No. 205, Burlington, Hiranandani Estate, patlipada Thane West, Mumbai- 400607, Maharashtra, India

Date of Birth/Age :

06.09.1948

Date of Appointment :

29.09.2009

DIN No. :

00020126

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
L35911GA1980PLC000400	Automobile Corporation Of Goa Limited	Director	30/07/2002	30/07/2002	6/07/2010	Active	NO
U24110MH1972PLC015561	Concorde Motors (India) Limited	Director	21/10/2004	21/10/2004	21/01/2008	Active	NO
U29120MP1995PLC009773	Tata Precision Industries (India) Limited	Director	16/12/2005	16/12/2005	24/10/2007	Active	NO
U50300MH1997PLC149349	Tata Motors Insurance Broking And Advisory Services Limited	Director	27/04/2006	27/04/2006	21/01/2008	Active	NO
U29100PN2000PLC130290	Tal Manufacturing Solutions Limited	Director	7/07/2007	17/07/2006	-	Active	NO
U34101MH2006PLC164771	Tata Marcopolo Motors Limited	Nominee director	25/06/2007	20/09/2006	1/07/2010	Active	NO
U34100MH1995PLC093733	Tata Autocomp Systems Limited	Managing director	9/12/2010	28/12/2007	-	Active	NO
U31300PN2005PLC021394	Tata Autocomp Gy Batteries Limited	Director	21/06/2010	9/04/2008	-	Active	NO
U34300PN2003PTC021545	Knorr-Bremse Systems For Commercial Vehicles India Private Limited	Additional director	9/04/2008	9/04/2008	26/08/2008	Active	NO
U28910TN1997PLC047905	Sungwoo Gestamp Hitech (Chennai) Limited	Nominee director	9/04/2008	9/04/2008	4/02/2009	Active	NO
U29130PN2006PTC128649	Taco Hendrickson Suspensions Private Limited	Director	21/07/2008	10/04/2008	26/08/2008	Active	NO
L28932PN1990PLC016314	Automotive Stampings and Assemblies Limited	Director	27/06/2008	29/04/2008	-	Active	NO
U34300PN1999PLC014564	Mubea Suspension India Limited	Director	25/09/2008	6/05/2008	26/12/2008	Active	NO
U34300PN2000PLC015253	Taco Composites Limited	Director	30/12/2008	6/05/2008	-	Active	NO
U34300PN1997PLC015436	Tata Yazaki Autocomp Limited	Director	23/09/2009	8/07/2008	-	Active	NO
U63000MH2008PLC180593	Tml Distribution Company Limited	Additional director	11/07/2008	11/07/2008	17/11/2008	Active	NO
U32109PN2007PLC129527	Taco Sasken Automotive Electronics Limited	Director	14/07/2009	25/12/2008	-	Under liquidation	NO
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	5/01/2009	-	Active	NO
U72900MH2000PLC126195	Drive India Enterprise Solutions Limited	Director	8/08/2011	30/09/2010	-	Active	NO
U99999PN1997PLC110139	Tata Toyo Radiator Limited	Additional director	1/09/2011	1/09/2011	-	Active	NO

Name :

Mr. Jurgen Kemper

Designation :

Director

Address :

394, Laurel Wood Ave, 275980, Singapore- 275980

Date of Birth/Age :

24.04.1971

Date of Appointment :

29.09.2009

DIN No. :

02631685

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	1/10/2008	-	Active	NO

Name :

Mr. Chetan P. Tolia

Designation :

Director

Address :

Flat No. C 302, Plot No. 47, Viman Nagar, Pune- 411014, Maharashtra, India

Date of Birth/Age :

02.10.1963

Date of Appointment :

29.09.2009

Date of Ceasing :

01.08.2011

DIN No. :

00457784

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U45200JH2003PLC010315	Jamshedpur Utilities and Services Company Limited	Director	25/08/2003	25/08/2003	15/11/2007	Active	NO
U45209PN2005PLC020270	Tata Bluescope Steel Limited	Managing director	20/10/2005	20/10/2005	1/08/2008	Active	NO
U31300PN2005PLC021394	Tata Autocomp Gy Batteries Limited	Director	17/07/2009	30/12/2008	21/08/2009	Active	NO
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	5/01/2009	-	Active	NO
U34300PN2005PTC021693	Shriniwas Engineering Auto Components Private Limited	Nominee director	21/03/2011	21/03/2011	1/08/2011	Active	NO

Name :

Mr. James Donnachie

Designation :

Director

Address :

68, Bayshore Road, 27-04, Costa Del Sol, Singapore- 469986

Date of Birth/Age :

15.01.1955

Date of Appointment :

29.09.2009

Date of Ceasing :

07.02.2011

DIN No. :

02407489

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	1/10/2008	7/02/2011	Active	NO

Name :

Mr. Stevens David Mark

Designation :

Director

Address :

237, Arcadia Road, 09-03, Block- B, Singapore- 289844

Date of Birth/Age :

25.05.1961

Date of Appointment :

26.09.2007

DIN No. :

01764752

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2008	26/09/2007	-	Active	NO

Name :

Mr. Treier Matthias

Designation :

Director

Address :

23, Kovan Road, 16-20, Singapore- 548193

Date of Birth/Age :

16.12.1961

Date of Appointment :

26.09.2007

Date of Ceasing :

08.04.2011

DIN No. :

01764711

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2008	26/09/2007	8/04/2011	Active	NO

Name :

Mr. Terence Stuart Bloomer

Designation :

Director

Address :

27, Wilby Road, #06-03, Wilby Residence, Singapore- 276301

Date of Birth/Age :

06.09.1946

Date of Appointment :

29.09.2009

Date of Ceasing :

26.08.2011

DIN No. :

02328158

Other Directorship :

CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
U34300PN1996PLC015038	Tata Johnson Controls Automotive Limited	Director	29/09/2009	1/10/2008	26/08/2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Terence Thomas Bloomer
Designation :	Manager
Address :	27, Wilby Road, 06-03, Wilby Residence, Singapore- 276301
Date of Birth/Age :	01.05.1960
Date of Appointment :	01.10.2008
Name :	Mr. Umesh M. Gosavi
Designation :	Company Secretary
Address :	Vasant, 61B, Rambaug Colony, Paud Road, Pune-411038, Maharashtra, India
Date of Birth/Age :	07.02.1963
Date of Appointment :	14.03.2000
PAN No. :	AAWPG9241R
Name :	Mr. Belani Ashok Kumar
Designation :	Manager
Address :	Flat No. 1412, Building No. 1, Clover Highlands, Near Nimba Road, Pune- 411048, Maharashtra, India
Date of Birth/Age :	01.05.1960
Date of Appointment :	01.04.2008
PAN No. :	AAAPB0812B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 11.08.2010

Names of Shareholders	No. of Shares
Tata Autocomp Systems Limited, India	6350000
Johnson Controls Internationals, Netherlands	6350000
Total	12700000

As on 11.08.2010

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Automotive Seating Systems and Providing Engineering Services.

Products :

· Automobile Sealing Systems

· Accessories (Seat Covers) for automotive seating systems

· Seating Systems and Components

Item Code No. (ITC Code)	94012000
Product Description	Automotive Seating Systems and Components

GENERAL INFORMATION

Customers :

· Audi

· Araco Automative

· BMW

· Daimler Chyrsler

· Fiat

· Ford

· General Motors

· Honda

· Royal Enfield

· Hyundai –Korea

· Mitsubishi

· Nissan

· Tata Motors

· Peugeot

· Renault

· Rover

· Skoda

· Toyota

· Vokswagon

Export

· John Deere

· Johnson Controls

No. of Employees :

600 (Approximately)

Bankers :

· Corporation Bank, Aditi Commerce Centre, Camp Branch, Pune Camp, Pune – 411 001, Maharashtra, India

· HSBC Bank Mauritius Limited, 5^th Floor, LES Cascades Building, Edith Cavell Street, Port Louis Mauritius

Facilities :

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Term Loan From Banks
HSBC Bank (Above loan from bank is secured by pari passu charge, with existing lenders, over movable plant and machinery (both present and future)	141.800	212.700
Corporation Bank (Above loan from bank is secured by hypothecation of stocks, book debts and pari passu first charge on movable fixed assets and also by an equitable mortgage by deposit of title deeds of land and buildings.)	74.300	0.000
Total	216.100	212.700

Banking Relations :	Satisfactory
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	706, B Wing, 7^th Floor, ICC Tower, Senapati Bapat Road, Pune- 411016, Maharashtra, India
Tel. No.:	91-20-66244600
Fax No.:	91-20-56244605
Joint Venture :	ISRI TJC Automotive Seating Limited
Subsidiaries:	· Tata Autocomp Systems Limited, Bombay House, 24 Homi Mody Street, Mumbai-400001, Maharashtra, India · Johnson Controls International BV, 2 Mertinus Nijhofflan, 2624 EF Delet Netherlands · Tata Industries Limited, Bombay House, 24 Homi Mody Street, Mumbai-400001, Maharashtra, India · Johnson Controls Seatin SRL · Tata Johnson Systems Engineering LLC

CAPITAL STRUCTURE

As on 31.03.2010

Authorized Capital :

No. of Shares	Type	Value	Amount
12700000	Equity Shares	Rs.10/- each	Rs.127.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12700000	Equity Shares	Rs.10/- each	Rs.127.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		127.000	127.000	127.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		364.302	266.067	139.667
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		491.302	393.067	266.667
LOAN FUNDS
1] Secured Loans		216.100	212.700	225.451
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		216.100	212.700	225.451
DEFERRED TAX LIABILITIES		5.000	5.000	9.200
TOTAL		712.402	610.767	501.318
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		576.280	579.699	492.962
Advance on Capital Account		44.176	11.284	54.019
Capital work-in-progress		42.621	68.063	47.168
Incidental expenditure during construction period pending allocation to fixed assets		0.000	0.000	7.227
INVESTMENT		23.319	33.405	53.568
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	213.883	206.573	225.111
	Sundry Debtors	535.831	449.128	371.768
	Cash & Bank Balances	492.641	265.921	176.489
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	319.018	252.240	243.122
Total Current Assets		1561.373	1173.862	1016.490
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1218.264	908.568	878.487
	Other Current Liabilities	66.272	93.605	123.227
	Provisions	250.831	253.373	168.402
Total Current Liabilities		1535.367	1255.546	1170.116
Net Current Assets		26.006	(81.684)	(153.626)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		712.402	610.767	501.318

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Sales (Net)	4403.238	3496.556	3447.609
		Engineering Services	882.743	1261.194	900.016
		Other Income	87.633	54.933	72.321
		TOTAL (A)	5373.614	4812.683	4419.946
Less	EXPENSES
		Consumption of Raw Materials and Components	3541.621	2866.116	2734.747
		(Increase)/ Decrease in Finished Goods and work-in-progress stocks	1.427	(1.223)	2.099
		Purchase for resale	0.000	0.000	47.301
		Employees Cost	743.578	771.423	631.276
		Other Expenses	535.149	685.942	578.238
		TOTAL (B)	4821.775	4322.258	3993.661
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		551.839	490.425	426.285
Less	INTEREST (D)		22.334	34.034	12.387
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		529.505	456.391	413.898
Less/ Add	DEPRECIATION/ AMORTISATION (F)		102.627	109.803	108.321
	PROFIT BEFORE TAX (E-F) (G)		426.878	346.588	305.577
Less	TAX (H)		147.371	95.378	105.586
	PROFIT AFTER TAX (G-H) (I)		279.507	251.210	199.991
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		162.699	61.420	15.154
Less	APPROPRIATIONS
		Interim Dividend	72.000	31.750	50.800
		Proposed Dividend	82.940	74.930	63.500
		Tax on Dividend	26.332	18.130	19.425
		Transfer to General Reserve	27.951	25.121	20.000
	BALANCE CARRIED TO THE B/S		232.983	162.699	61.420
	EARNINGS IN FOREIGN CURRENCY
		Income from Engineering Services	845.243	1207.483	851.429
		FOB Value of Exports	33.337	33.737	65.456
		Recovery for employee deputation	4.055	6.393	5.419
		Dividend	0.000	0.000	15.844
		Recovery for toll development	0.000	0.000	13.137
		Others	3.519	0.000	10.225
	TOTAL EARNINGS		886.154	1247.613	961.510
	IMPORTS
		Raw Materials and components	226.249	429.444	330.673
		Capital Goods	28.087	17.996	14.013
		Spare Parts	0.603	2.354	4.006
		Others	1.923	1.513	3.839
	TOTAL IMPORTS		256.862	451.307	352.531
	Earnings Per Share (Rs.)		22.01	19.78	15.75

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	5.20	5.22	4.52
Net Profit Margin (PBT/Sales)	(%)	9.69	9.91	8.86
Return on Total Assets (PBT/Total Assets}	(%)	19.97	19.76	20.24
Return on Investment (ROI) (PBT/Networth)		0.87	0.88	1.15
Debt Equity Ratio (Total Liability/Networth)		3.56	3.73	5.23
Current Ratio (Current Asset/Current Liability)		1.02	0.93	0.87

LOCAL AGENCY FURTHER INFORMATION

FINANCIAL RESULTS:

The Company’s revenue streams for the year 2009-10 mainly comprised of Automotive Seating Systems and components Rs.4403.230 Millions (previous year Rs.3496.550 Millions) and Engineering Services Rs.882.740 Millions (previous year Rs.1261.190 Millions).

NEW PLANTS

The Company is setting up plants at Sanand, Gujarat and Bidadi, Bangalore, Karnataka. These plants will be operational during the Financial Year 2010-11. The Company has shifted plant site from Singur, West Bengal to Sanand, Gujarat in line with the shifting of the Tata Motors’ plant for manufacturing Nano.

SUBSIDIARY AND JOINT VENTURES

Joint Venture with Isringhausen

During previous financial year, the Company has formed 50:50 joint ventures with Isringhausen, GmbH of Germany for entry into high end commercial vehicle seating. The total investment in the share capital of the JV Company has been Rs.10.250 millions.

TATA BUSINESS EXCELLENCE MODEL (TBEM)

During the Financial Year 2009-10, the Company has filed a combined application for MBU and EBU for TBEM Assessment. The Company secured a score of 570 out of 1000 points. The previous years score was 555 out of 1000 points.

TJC Community Development Cell at various units has conducted Community Development initiatives during the last financial year.

The key initiatives include:

• Financial aid to Mother Teresa Old Age Home at Chinchwad, Pune,
• Health Check up of Pregnant women in nearby villages in association with the local Primary Health Care center.
• Drinking water arrangement for school at Ghotawade, Hinjewadi by installing pipe line upto the school.
• Scholarships for 4th, 7th and 10th class students.
• Providing solar cooker to Kasarsai Primary school to facilitate mid day meal.
• Adoption of Orphanage at Pachane village by supporting 24 inmates through this initiative,
• Blood donation camp organized with Janakalyan Rakta Pedhi, Pune.
• Pulse Polio immunization camp organized jointly with Mann Primary Health Care Centre for the people staying in nearby villages.
• Tree plantation was done at Kasarsai School. Financial assistance for School building construction at Kasarsai.
• Providing educational tools, Conducting medical test for students and funding one teachers salary at Peramanur School at Chennai
• Mushroom Seeds and other inputs were provided to self help Group at Coaching Institute at Chennai.
• Donating Sewing Machines to six poor and under privileged women and training them at Government Tailoring Coaching Institute, Chennai.
• Financial support to build classrooms and basic infrastructure to the Primary School at Rudrapur.

FORM 8

Corporate identity number of the company	U34300PN1996PLC015038
Name of the company	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra, India E-Mail: umesh_gosavi@tjc.co.in
This form is for	Modification of charge
Charge identification number of the modified	90084668
Type of charge	Immovable Property Book Debts Movable Property Others (Plant and Machinery, Furniture and Fixture, Other Movables)
Particular of charge holder	Corporation Bank, Aditi Commerce Centre, Camp Branch, Pune Camp, Pune – 411 001, Maharashtra, India E-Mail: cb132@corpbank.co.in
Nature of description of the instrument creating or modifying the charge	1. Sixth supplemental common deed of hypothecation of movable/assets/debts (for additional security) 2. Letter of continuity Both constitute a single charge
Date of instrument Creating the charge	29/03/2010
Amount secured by the charge	Rs.303.900 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: As per the sanctioned letter dated 25.01.2010 and supplemental deed of hypothecation dated 29.03.2010 Terms of Repayment: As per the sanctioned letter dated 25.01.2010 and supplemental deed of hypothecation dated 29.03.2010 Margin: As per the sanctioned letter dated 25.01.2010 and supplemental deed of hypothecation dated 29.03.2010 Extent and Operation of the charge: First charge on current assets and immovable fixed assets and movable fixed assets
Short particulars of the property charged	All the present and future stocks of goods, Book Debts (Receivables) and on inventory owned by the company situated at the Plot No 1, Sy no. 235/245, Village Hinjewadi, Tal Mulshi, Pune 411027 Hypothecation of Fixed Movable Security namely Plant and Machinery, Furniture and Fixtures and Licensed Software etc. Immovable property of the Company situated at Plot No.1 comprising of land S No.235 and S No. 245 at Village Hinjewadi, Taluka Mulsi, Pune 411 027 as continuing security Lease hold rights located at Village Kilkarani, Taluka Chingalput, District Kanchepuram, in Tamil Nadu along with the building existing thereon.
Date of latest modification prior to the present modification	31/10/2006
Particulars of the present modification	By way this modification the Credit Facility has been increased by Rs.89.300 millions from Rs.220.000 millions to Rs.309.300 millions. Now the existing credit facilities stands are as under : 1)Cash Credit- PCL/PCFC-FDBN/FDBP/FDBD - Rs.180.000 millions 2)Import/Inland LC cum BG - Rs.55.000 millions (increased by Rs.15.000 millions) 3)Term Loan - Rs.74.300 millions (New Facility)

Name of the company	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED
Presented By	Tata Johnson Controls Automotive Limited
1) Date and description of instrument creating the change	14^th June, 2001, Loan Agreement
2) Amount secured by the charge/amount owing on the securities of charge	Rs.9.600 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	20 No. of workstations (HP B 2000: 13 nos., HP J 6000: 2 nos., HP WIN NT XU 700 : 4 nos., HP 9000 A 400: 1 nos.) manufactured by Hewlett-Packard situated at Engineering Division’s Office premises of the company, including all the accessories in respect of or pertaining to the said workstations and whether lying loose or fixed to the said workstations only and whereinsoever the same are now tying or stored in whether in the said office premises of the Borrower or whereinsoever situated and whether the same is held by any party to or disposition of the Borrower or in the course of transit or otherwise, as described in the terms and condition of the aforesaid loan agreement but does not include any of other assets/ properties of the company hypothecated/ mortgaged or to be hypothecated/ mortgages against security.
4) Gist of the terms and conditions and extent and operation of the charge.	As per Loan Agreement dated 14^th June 2001, Rate of Interest 11.77% p.a. and repayment of loan within 48 months by quarterly equal installments described in the schedule of the agreement.
5) Name and Address and description of the person entitled to the charge.	Hewlett Packard India Limited, Registered Office at Chandiwalla Estate, Maa Anand Mai Marg, Kalkaji, New Delhi – 110 019, India
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable

CONTINGENT LIABILITIES:

Particulars	31.03.2010 (Rs. in millions)
Income tax matters	16.751
Sales tax matters	7.427
Excise Duty matters (excluding interest)	6.839
Bills Discounted	998.453
Service tax matters	0.545
Claims from suppliers not acknowledged as debts	0.000

FIXED ASSETS:

v Freehold Land

v Leasehold Land

v Buildings

v Plant and Machinery

v Furniture and Fixtures

v Infrastructure Development Costs

v Motor Vehicles

v Improvement to Leased Premises

v Licensed Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.