MIRA INFORM REPORT

Report Date :

31.01.2012

IDENTIFICATION DETAILS

Name :	TATA ADVANCED MATERIALS LIMITED [w.e.f.18.11.1992]
Formerly Known As :	MATRIX MATERIALS LIMITED
Registered Office :	10, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.11.1989
Com. Reg. No.:	08-13224
Capital Investment / Paid-up Capital :	Rs.1417.632 millions
CIN No.: [Company Identification No.]	U85110KA1989PLC013224
TAN No.: [Tax Deduction & Collection Account No.]	BLRT02320D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Supplier of composite products for Aerospace, Defense, Transportation and Infrastructure Sectors.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 3721572
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a subsidiary of Tata Industries Limited. It is an established company having moderate track. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. In view of strong holding, the company can be considered normal for business dealings at usual trade terms and conditions, however weak financials should be borne in mind.

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)

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

LOCATIONS

Registered Office/ Factory :	10, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka, India
Tel. No.:	91-80-66955500
Fax No.:	91-80-27825570/ 27825671
E-Mail :	sashidhar@tamlindia.com sales.dicd@tamlindia.com sales.aero@tamlindia.com
Website :	http://www.tamlindia.com

DIRECTORS

AS ON 18.08.2011

Name :	Mr. Ravi Kant
Designation :	Chairman
Address :	A – 3, Pallonji Mansion 43, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India
Date of Birth/Age :	01.06.1944
Date of Appointment :	28.01.2009

Other Directorship:

S.No.	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
1	U74899DL1995PTC070859	ANTAR INDIA PRIVATE LIMITED	Director	17/07/1995	17/07/1995	-	Active	YES
2	L28920MH1945PLC004520	TATA MOTORS LIMITED	Director	25/08/2009	12/07/2000	-	Active	NO
3	U34101JH1993PLC005546	TATA CUMMINS LIMITED	Director	11/08/2000	11/08/2000	01/07/2009	Active	NO
4	L29308MH1954PLC009371	VOLTAS LIMITED	Director	10/04/2001	10/04/2001	-	Active	NO
5	U29130MH2000PLC124872	HV TRANSMISSIONS LIMITED	Director	19/05/2006	27/04/2006	05/10/2007	Amalgamated	NO
6	U44003MH1945PLC004403	TATA INDUSTRIES LIMITED	Director	03/09/2007	07/09/2006	-	Active	NO
7	U34101MH2006PLC164771	TATA MARCOPOLO MOTORS LIMITED	Nominee director	25/06/2007	20/09/2006	19/10/2010	Active	NO
8	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Director	07/07/2007	17/05/2007	-	Active	NO
9	U34300DL1960NPL093535	ASSOCIATION OF INDIAN AUTOMOBILES MANUFACTURERS (SECTION-25 COMPANY)	Additional director	05/09/2007	05/09/2007	-	Active	YES
10	U28900PN1997PLC130940	FIAT INDIA AUTOMOBILES LIMITED	Director	28/12/2007	28/12/2007	22/10/2010	Active	NO
11	U85110KA1998PLC024588	TELCO CONSTRUCTION EQUIPMENT COMPANY LIMITED	Nominee director	21/10/2008	21/10/2008	-	Active	NO
12	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	26/08/2009	28/01/2009	-	Active	NO

Name :	Mr. Arun Kumar Vora
Designation :	Vice-Chairman
Address :	S2, II Floor, Orchid Apartment, 161, 5^th main Defence Colony, Indira Nagar, Bangalore – 560038, Karnataka, India
Date of Birth/Age :	14.08.1941
Date of Appointment :	27.03.1998

Other Directorship:

S.No.	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
1	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	27/03/1998	27/03/1998	-	Active	NO
2	U74210MH1999PLC123010	Tata Consulting Engineers Limited	Director	13/05/2003	13/05/2003	-	Active	NO
3	U51900MH1962PLC012528	TATA INTERNATIONAL LIMITED	Director	04/09/2006	04/09/2006	-	Active	NO
4	U34200MH2005PTC154348	TATA INTERNATIONAL DLT PRIVATE LIMITED	Director	06/09/2007	23/05/2007	-	Active	NO
5	U40101MH2010PTC205236	MAHINDRA SOLAR ONE PRIVATE LIMITED	Additional director	03/01/2012	03/01/2012	-	Active	NO

Name :	Mr. Kanwar Rameshwar Singh Jamwal
Designation :	Director
Address :	73-A, Maker Tower, Cuffe Parade, Mumbai – 400005, Maharashtra, India
Date of Birth/Age :	11.10.1965
Date of Appointment :	20.09.2010

Other Directorship:

S.No.	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
1	U44003MH1945PLC004403	TATA INDUSTRIES LIMITED	Director	17/09/2010	01/07/2010	-	Active	NO
2	U93090MH2007PLC173035	Tata Industrial Services Limited	Director	12/08/2011	13/09/2010	-	Active	NO
3	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	18/08/2011	20/09/2010	-	Active	NO
4	U72900MH2000PLC126195	Drive India Enterprise Solutions Limited	Director	08/08/2011	30/09/2010	-	Active	NO

Name :	Dr. Chandrathilgouri Krishnadas Nair
Designation :	Director
Address :	Chandrathil Mane 2388/1, 16^th A Main Hall 2^nd Stage, Indira Nagar, Bangalore – 560008, Karnataka, India
Date of Birth/Age :	17.08.1941
Date of Appointment :	09.06.2003

Other Directorship:

S.No.	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
1	L74999TZ1984PLC001456	TITAN INDUSTRIES LIMITED	Director	02/05/2002	02/05/2002	-	Active	NO
2	U85110KA1992PLC012851	KARNATAKA HYBRID MICRO DEVICES LIMITED.	Director	14/12/2002	02/11/2002	-	Active	NO
3	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	08/06/2003	08/06/2003	-	Active	NO
4	U64202KA2001PTC029836	CADES DIGITECH PRIVATE LIMITED	Director	01/01/2005	01/01/2005	14/12/2009	Active	NO
5	L62200DL1998PLC093225	GLOBAL VECTRA HELICORP LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
6	L29190KA1985PLC007363	SIKA INTERPLANT SYSTEMS LIMITED	Director	18/01/2007	18/01/2007	-	Active	NO
7	U24239KA2007PTC042072	SUPARNA BIO-PHARMATECH PRIVATE LIMITED	Managing director	29/03/2007	29/03/2007	30/03/2009	Active	NO
8	U63033KL1994PLC007803	COCHIN INTERNATIONAL AIRPORT LIMITED	Managing director	29/07/2009	19/07/2007	09/06/2011	Active	NO
9	U29299KL1989PLC005405	BRAHMOS AEROSPACE THIRUVANANTHAPURAM LIMITED	Director	06/02/2008	31/12/2007	-	Active	NO
10	U35900KA2008PTC044963	EMSAC Engineering Private Limited	Additional director	11/03/2008	11/03/2008	-	Active	NO
11	U35303KL2005PLC018632	COCHIN INTERNATIONAL AVIATION SERVICES LIMITED	Managing director	08/07/2008	02/06/2008	23/06/2011	Active	NO
12	U63033KA2008PTC047734	MAINI GLOBAL AEROSPACE PRIVATE LIMITED	Director	10/09/2008	10/09/2008	-	Active	NO
13	U62100KL2006PLC019227	AIR KERALA INTERNATIONAL SERVICES LIMITED	Additional director	06/10/2008	06/10/2008	07/08/2009	Active	NO
14	U74140KA2008PTC047954	CHIVARO TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2011	10/12/2010	-	Active	NO
15	U33301GA1991PLC001148	TITAN TIME PRODUCTS LIMITED	Director	20/07/2011	19/04/2011	-	Active	NO

Name :	Mr. Atyam Prakash Arya
Designation :	Director
Address :	Lake House, Opposite Tata Motors, Pimpri, Pune – 411018, Maharashtra, India
Date of Birth/Age :	15.10.1947
Date of Appointment :	26.11.2007

Other Directorship:

S.No.	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
1	U34101JH1993PLC005546	TATA CUMMINS LIMITED	Director	25/09/1996	25/09/1996	23/07/2007	Active	NO
2	U29113PN1994FLC139153	CUMMINS TECHNOLOGIES INDIA LIMITED	Director	18/06/1999	18/06/1999	27/02/2007	Active	NO
3	U34100MH2000PLC124874	TML Drivelines Limited	Director	27/02/2001	27/02/2001	22/08/2007	Active	NO
4	U29130MH2000PLC124872	HV TRANSMISSIONS LIMITED	Director	27/02/2001	27/02/2001	22/08/2007	Amalgamated	NO
5	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Managing director	12/07/2007	17/05/2007	-	Active	NO
6	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	26/09/2008	26/11/2007	-	Active	NO
7	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Director	25/07/2009	30/12/2008	17/08/2011	Active	NO
8	U34300PN1996PLC015038	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED	Additional director	26/08/2011	26/08/2011	-	Active	NO

Name :	Mr. Jagdish Singh Dhillon
Designation :	Director
Address :	House No.3104, Sector – 32 – D, Chandigarh – 160022, India
Date of Birth/Age :	15.03.1941
Date of Appointment :	10.11.2009

Other Directorship:

S.No.	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
1	U50101CH1999PTC026912	MILLICENT MOTORS Private LIMITED	Managing director	01/04/2008	04/01/2002	-	Active	NO
2	L74999MH1989PLC052384	ROLTA INDIA LIMITED	Director	30/04/2003	30/04/2003	-	Active	NO
3	U74140CH2008PTC031201	AGILYST CONSULTING PRIVATE LIMITED	Director	11/04/2008	11/04/2008	-	Active	NO
4	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	24/09/2010	10/11/2009	-	Active	NO

Name :	Mr. Bomanji Dubash
Designation :	Director
Address :	Benzer Teraces 95 A, Khan Abdul Gaffer Khan Road, Worli Sea Face, Mumbai – 400006, Maharashtra, India
Date of Birth/Age :	29.10.1936
Date of Appointment :	10.11.1989

Other Directorship:

S.No.	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
1	U70100MH1955PTC009537	RUSTOM DUBASH INVESTMENTS PRIVATE LIMITED	Director	06/04/1959	06/04/1959	-	Active	NO
2	U24231GJ1949PTC000634	BHAVNAGAR BONE AND FERTILIZER CO PRIVATE LIMITED	Director	01/10/1959	01/10/1959	01/08/2003	Active	NO
3	U51900MH1968PTC014158	BEHRAM DUBASH PRIVATE LIMITED	Director	12/12/1968	12/12/1968	-	Active	NO
4	U99999MH1969PLC014178	DARABSHAW B.CURSETJEE'S SONS (BOMBAY) LIMITED	Director	02/01/1969	02/01/1969	-	Active	NO
5	U99999MH1968PTC014097	MANEKJI AND JAMSHEDJI CO PRIVATE LIMITED	Director	20/01/1969	20/01/1969	-	Active	NO
6	U35110MH1964PTC012940	THE OCEANIC SHIPPING AGENCY PRIVATE LIMITED	Director	06/04/1969	06/04/1969	-	Amalgamated	NO
7	U74999MH1976PTC018992	ASCOT LIGHTERAGE COMPANY PRIVATE LIMITED	Director	30/04/1976	30/04/1976	-	Active	NO
8	U67120MH1976PTC019286	DARABSHAW B. CURSETJEE'S SONS INVESTMENTS PRIVATE LIMITED	Director	21/10/1976	21/10/1976	-	Active	NO
9	U45200MH1978PTC020331	BEHRAM DUBASH PROPERTIES PRIVATE LIMITED	Director	06/05/1978	06/05/1978	-	Active	NO
10	U31506MH1978PLC020612	DARABSHAW B.CURSEIJEE'S SONS SHIPPING COMPANY LIMITED	Director	30/08/1978	30/08/1978	-	Active	YES
11	U99999MH1948PTC004299	MARINE TRANSPORT COMPANY PRIVATE LIMITED	Director	25/03/1980	25/03/1980	-	Amalgamated	NO
12	U63090MH1970PLC014729	TRANSOCEAN SHIPPING AGENCY LIMITED	Director	25/03/1980	25/03/1980	-	Active	NO
13	U67120MH1974PTC017976	RUSHILLA INVESTMENT PRIVATE LIMITED	Director	09/09/1980	09/09/1980	-	Active	NO
14	U61100MH1980PTC023351	DOLPHIN CHARTERING SERVICES PRIVATE LIMITED	Director	27/10/1980	27/10/1980	-	Active	NO
15	U28124MH1982PTC028604	PULCRA CHEMICALS INDIA PRIVATE LIMITED	Director	02/11/1982	02/11/1982	-	Active	NO
16	U28100MH1982PTC027149	OCEANGLOBE CONTAINER SERVICES (INDIA) PRIVATE LIMITED	Director	13/11/1982	13/11/1982	28/01/2009	Active	NO
17	U63040MH1982PTC027463	J F KAPADIA AND COMPANY PVT LTD	Director	06/12/1982	06/12/1982	-	Active	YES
18	U24110MH1950PTC008044	AHURA CHEMICAL PRODUCTS PRIVATE LIMITED	Director	31/01/1985	31/01/1985	-	Active	NO
19	U25200MH1985PTC037113	AMBER POLYPROPYLENE PVT LTD	Director	12/08/1985	12/08/1985	-	Active	NO
20	L32200MH1940PLC003164	NELCO LIMITED	Director	06/12/1985	06/12/1985	28/10/2011	Active	NO
21	U51900MH1985PTC038293	TRANS IMPEX PVT LTD	Director	11/12/1985	11/12/1985	-	Active	NO
22	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	10/11/1989	10/11/1989	28/10/2011	Active	NO
23	U01110MH1990PLC057600	ORIENTAL FLORATECH INDIA LIMITED	Director	23/09/1991	23/09/1991	21/04/2009	Active	NO
24	U65920MH1993PTC071335	CHITRALI FINANCE AND INVESTMENTS PVT LTD	Director	08/06/1993	08/06/1993	-	Active	NO
25	U65990MH1992PTC068488	AJIN FINANCE AND INVESTMENTS PVT LTD	Director	08/06/1993	08/06/1993	-	Active	NO
26	U74999MH1992PTC064793	SMITHOCEAN REEFER CONTAINER SERVICES (INDIA) PRIVATE LIMITED	Director	01/09/1993	01/09/1993	28/01/2009	Active	NO
27	U65910MH1994PTC076281	SAMMOHAN HOLDING AND LEASING P.LTD.	Director	01/08/1995	01/08/1995	17/03/2009	Active	NO
28	U01110MH1977PTC020019	GLENGARRY BEHRAMDUBASH ESTATE AND AGRICULTURAL FARM PRIVATE LIMITED	Director	09/12/1997	09/12/1997	-	Active	NO
29	U51100MH2000PTC124220	WESTERN MILLENNIUM INVESTMENT AND TRADING PRIVATE LIMITED	Director	07/03/2000	07/03/2000	-	Dormant	NO
30	U63090MH2002PTC135489	TRANSPOLAR LOGISTICS (INDIA) PRIVATE LIMITED	Director	20/04/2002	20/04/2002	-	Active	NO
31	U63090MH2003PTC140624	ASL SHIPPING AND LOGISTICS (INDIA) PRIVATE LIMITED	Nominee director	28/05/2003	28/05/2003	29/04/2009	Active	NO
32	U45200MH1988PTC049184	BENREEZA ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	02/12/2003	02/12/2003	-	Active	NO
33	U35100MH2002PTC137751	COSCO (INDIA) SHIPPING PRIVATE LIMITED	Alternate director	20/04/2006	20/04/2006	29/04/2009	Active	NO
34	U45209PN2006PTC128538	CALYPSO PREMISES PRIVATE LIMITED	Additional director	29/09/2010	22/09/2006	-	Active	NO

Name :	Dr. Debashish Bhattacharjee
Designation :	Director
Address :	52, Dindli Enclave Kadma, Jameshedpur – 831005, India
Date of Birth/Age :	02.07.1964
Date of Appointment :	04.02.2005

Other Directorship:

S.No.	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
1	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	04/02/2005	04/02/2005	24/05/2011	Active	NO

Name :	Mr. Ashutosh Tyagi
Designation :	Director
Address :	Bunglow – 9, Dreamland Housing Society Road, Soares Road, Near Diamond Garden, Chembur, Mumbai – 400071, Maharashtra, India
Date of Birth/Age :	02.04.1974
Date of Appointment :	31.05.2006

Other Directorship:

S.No.	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
1	U32109PN2005PTC020334	Trimble Mobility Solutions India Private Limited	Director	30/09/2005	30/09/2005	14/12/2010	Active	NO
2	U31300PN2005PLC021394	TATA AUTOCOMP GY BATTERIES LIMITED	Director	10/10/2005	10/10/2005	28/09/2011	Active	NO
3	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	31/05/2006	31/05/2006	18/08/2011	Active	NO
4	U29130PN2006PTC128649	TACO HENDRICKSON SUSPENSIONS PRIVATE LIMITED	Director	19/09/2007	04/11/2006	30/12/2008	Active	NO
5	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Director	29/09/2007	21/06/2007	02/11/2011	Active	NO
6	U34300PN2004PTC019215	FAURECIA INTERIOR SYSTEMS INDIA PRIVATE LIMITED	Director	26/09/2008	27/03/2008	01/12/2009	Active	NO
7	U30006TN1991PLC020837	NAGARJUNA OIL CORPORATION LIMITED	Director	27/07/2009	05/08/2008	05/09/2011	Active	NO
8	U93090MH2007PLC173035	Tata Industrial Services Limited	Director	17/09/2009	12/08/2009	16/09/2011	Active	NO
9	U73100UP2006PTC032566	AURORA INTEGRATED SYSTEMS PRIVATE LIMITED	Nominee director	17/12/2009	17/12/2009	-	Active	NO

Name :	Dr. Tridibesh Mukherjee
Designation :	Director
Address :	5, Croad Northern Town Jamshedpur – 831001, Jharkhand, India
Date of Birth/Age :	13.10.1942
Date of Appointment :	10.06.2011

Other Directorship:

S.No.	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
1	L27310WB1990PLC050000	TATA METALIKS LTD.	Director	26/06/1995	26/06/1995	11/01/2008	Active	NO
2	U24111JH1995PLC009020	JAMIPOL LIMITED	Director	12/10/1999	12/10/1999	28/12/2007	Active	NO
3	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	28/08/2008	01/08/2000	31/03/2009	Active	NO
4	U00000WB2001PLC115841	mjunction services limited	Nominee director	07/01/2002	07/01/2002	29/12/2007	Active	NO
5	U63090WB2002PLC094134	TM INTERNATIONAL LOGISTICS LIMITED	Nominee director	18/01/2002	18/01/2002	29/12/2007	Active	NO
6	L24239MH1939PLC002893	TATA CHEMICALS LIMITED	Director	04/03/2002	04/03/2002	30/03/2009	Active	NO
7	U23101WB2005PLC101608	HOOGHLY MET COKE & POWER COMPANY LIMITED	Director	10/02/2005	10/02/2005	11/01/2008	Amalgamated	NO
8	L74999WB1974PLC041725	TIL LIMITED	Director	28/07/2009	04/06/2009	-	Active	NO
9	U55101WB1983PLC036362	NICCO CORPORATION LTD	Director	16/09/2009	10/08/2009	-	Active	NO
10	U75142WB1967SGC026988	WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LTD	Additional director	30/12/2009	30/12/2009	-	Active	NO
11	L65993TN2004PLC052856	RANE (MADRAS) LIMITED	Director	19/07/2010	18/01/2010	-	Active	NO
12	L25209PN1961PLC012046	BHARAT FORGE LTD	Director	26/07/2010	23/01/2010	-	Active	NO
13	U29150WB1995PTC072501	TRACTORS INDIA PRIVATE LIMITED	Director	29/07/2010	30/03/2010	-	Active	NO
14	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	18/08/2011	10/06/2011	-	Active	NO
15	L51109WB1974PLC029637	IFB INDUSTRIES LTD	Director	29/07/2011	29/07/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Lalit Bhardwaj
Designation :	Manager
Address :	C 101, Oceanus, Triton Kalikon Danahalli, Cremel Ram Post, Sarjapur Road, Bangalore – 560035, Karnataka
Date of Birth/Age :	22.01.1945
Date of Appointment :	01.04.2010
Name :	Mr. Shashidhar S.K.
Designation :	Company Secretary
Address :	#123, Benaka 12^th Cross, 6^th Main Ngef Layout, Nagar Bhavi, Bangalore – 560072
Date of Birth/Age :	20.12.1966
Date of Appointment :	10.02.2009
Name :	Mr. Arvind Mathen
Designation :	Director
Address :	9/82 Vimala Gardens East Coast Road, Injambakkam, Chennai – 600115, Tamilnadu, India
Date of Birth/Age :	06.01.1960
Date of Appointment :	01.06.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 18.08.2011

Category	Percentage
Bodies corporate	99.91
Others	0.09
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of composite products for Aerospace, Defence, Transportation and Infrastructure Sectors.

Products :

Item Code No. (ITC Code)	63079019
Product Description	Flexible Armour
Item Code No. (ITC Code)	88039000
Product Description	Aerospace Products
Item Code No. (ITC Code)	65061090
Product Description	Rigid Armor

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Canara Bank, Overseas Branch, Ramanashree Arcade, M G Road, Bangalore – 560001, Karnataka, India
• Syndicate Bank
• Bank of Baroda
• State Bank of Mysore
• State Bank of India

Facilities :

Secured Loans	31.03.2011 (Rs. In millions)	31.03.2010 (Rs. In millions)
Rupee term loans banks secured	726.966	313.471
Working capital loans banks secured	322.219	153.867
Loans taken for other fixed assets secured	36.048	60.080
Total	1085.233	527.418

Footnotes

(A) Secured by- first charge on the related project tangible and intangibles assets of the Company; - first charge by way of assignment of all rights, claims and benefits in the related project documents including permits, approvals, clearances and letter of credits, guarantees, performance bonds obtained in respect of the project documents and insurance contracts\claims pertaining to the related project, and

- second or pari passu charge on fixed assets procured by ISRO advance.

(B) Secured by hypothecation of stocks of Raw materials, Stocks in Process, semi-finished and finished goods, stores and spares not relating to plant and machinery, bills receivable and book debts and all other movables, both present and future and a second charge by way of joint mortgage by deposit of title deeds in respect of all the immovable properties and hypothecation of the whole movable properties including movable plant and machinery, machinery spares, tools and accessories and other movables both present and future except equipment funded by other agency.

(C) Secured by way of hypothecation of specified fixed asset purchased out of the loan.

Unsecured Loans	31.03.2011 (Rs. In millions)	31.03.2010 (Rs. In millions)
Rupee term loans banks unsecured	45.540	0.000
Rupee term loans financial institutions unsecured	0.000	100.000
Rupee term loans others unsecured	100.000	150.000
Total	145.540	250.000

Footnotes

(A) Repayable within one year Rs. 145.540 Millions (Previous year Rs. 250.000 Millions)

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Holding Company : (AS ON 31.03.2010)	Tata Industries Limited
Fellow Subsidiaries : (AS ON 31.03.2010)	Apex Investments (Mauritius) Holding Private Limited Tata Interactive Systems GmbH Germany Tata Interactive Systems AG Zug Switzerland Tata Industrial Services Limited
Fellow Associates : (AS ON 31.03.2010)	Advinus Therapeutics Private Limited Indigene Pharmaceuticals Inc USA Drivelndia Enterprise Solutions Limited Tata Autocomp Systems Limited Itel Industries Limited Oriental Floratech Limited Oriental Seritech Limited JSH (Mauritius) Limited (Investor Associate)

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
235000000	Equity shares	Rs.10/- each	Rs.2350.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
141763287	Equity shares	Rs.10/- each	Rs.1417.632 millions

[Of the above 141,631,180 (as at March 31, 2009: 16,177,893) Equity Shares are held by Tata Industries Limited, the Holding Company]

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1417.632	1417.632	163.100
2] Advanced Against Share Capital		0.000	0.000	1154.533
3] Reserves & Surplus		5.740	5.740	5.739
4] (Accumulated Losses)		(492.979)	(282.622)	(88.144)
NETWORTH		930.393	1140.750	1235.228
LOAN FUNDS
1] Secured Loans		1085.233	527.418	249.095
2] Unsecured Loans		145.540	250.000	100.000
TOTAL BORROWING		1230.773	777.418	349.095
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2161.166	1918.168	1584.323
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1561.459	1360.125	410.177
Capital work-in-progress		80.363	138.405	853.610
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	448.474	290.380	268.473
	Sundry Debtors	637.730	453.648	281.056
	Cash & Bank Balances	22.063	13.111	42.641
	Other Current Assets	58.185	34.691	0.000
	Loans & Advances	170.534	100.448	72.356
Total Current Assets		1336.986	892.278	664.526
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	575.639	322.339	257.421
	Other Current Liabilities	228.476	134.107	63.198
	Provisions	13.527	16.194	23.371
Total Current Liabilities		817.642	472.640	343.990
Net Current Assets		519.344	419.638	320.536
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2161.166	1918.168	1584.323

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1008.059	623.573	490.82427
		Other Income	68.895	19.254	29.247
		TOTAL (A)	1076.954	642.827	520.071
Less	EXPENSES
		Consumption materials changes inventories	644.469	356.140	269.144
		Manufacturing service costs	90.703	67.896	(13.783)
		Employee related expenses	226.777	175.082	183.026
		Administrative selling other expenses	145.753	139.427	128.313
		TOTAL (B)	1107.702	738.545	566.700
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(30.748)	(89.170)	(46.629)
Less	FINANCIAL EXPENSES (D)		92.829	39.562	28.241
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(123.577)	(135.280)	(74.870)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		87.380	58.935	21.365
	PROFIT/LOSS BEFORE TAX (E-F) (G)		(210.957)	(194.215)	(96.235)
Less	TAX (H)		(0.600)	5.262	1.150
	PROFIT/LOSS AFTER TAX (G-H) (I)		(210.357)	(199.477)	(97.385)
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	NA	54.022	64.158
	TOTAL EARNINGS		NA	54.022	64.158
	IMPORTS
		Materials	NA	346.348	280.399
		Capital Goods	NA	114.070	264.647
	TOTAL IMPORTS		NA	460.418	545.046
	Earnings/Loss Per Share (Rs.)		(1.48)	(6.62)	(66.91)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(19.53)	(31.03)	(18.73)
Net Profit Margin (PBT/Sales)	(%)	(20.92)	(33.77)	(18.50)
Return on Total Assets (PBT/Total Assets}	(%)	(7.28)	(8.62)	(8.95)
Return on Investment (ROI) (PBT/Networth)		(0.23)	(0.17)	(0.08)
Debt Equity Ratio (Total Liability/Networth)		2.20	1.09	0.56
Current Ratio (Current Asset/Current Liability)		1.64	1.88	1.93

LOCAL AGENCY FURTHER INFORMATION

FORM 8

This form is for	Modification of charge
Charge identification number of the modified	10122177
Corporate identity number of the company	U85110KA1989PLC013224
Name of the company	TATA ADVANCED MATERIALS LIMITED
Address of the registered office or of the principal place of business in India of the company	10, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka, India
Type of charge	Immovable Property
Particular of charge holder	Canara Bank, Overseas Branch, Ramanashree Arcade, M G Road, Bangalore – 560001, Karnataka, India
Nature of description of the instrument creating or modifying the charge	Supplemental Memorandum of Entry
Date of instrument Creating the charge	29.07.2010
Amount secured by the charge	Rs.3165.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As may be prescribed by the banks from time to time Terms of Repayment As applicable to respective credit limits Margin As per norms of the banks Extent and Operation of the charge The charge shall operate to the extent of the loan amount plus interest commission costs expenses and other charges thereon Others The said amount of Rs.3165.000 millions comprises Term Loan Rs.1050.000 millions sanctioned by Canara Bank, Term Loan Rs.1050.000 millions sanctioned by State Bank of India and working capital limits (OCC/ODBD/PC/FDB/FBE/Supply Bills/BE/SDB/ILC/FLC/BG) Rs.586.000 millions sanctioned by Canara Bank and working capital limits (SODH/PCL/DLSB/DATBD/DBD/FDBP/FUBP/ILC/FLC/ODH) Rs.479.000 millions sanctioned by Syndicate Bank
Short particulars of the property charged	Equitable mortgage of company's immovable property at Plot No.10, Jigani Industrial Area, 1st Phase, Jigani Village, Jigani Hobli, Anekal Taluk, Bangalore bounded on North by remaining land of Plot No.10, South by KIADB Road No.1, East by Plots Nos. 9A, 9B, 9C, West by Plot No.10A together with buildings and structures thereon, fixed plants and machineries (other than those purchased out of advances received from ISRO), fixtures and fittings, constructed, erected or installed thereon The Charge on The Above Property Shall Rank As First Charge for The Term Loans of Rs.1050.000 Millions Each Sanctioned By Canara Bank and SBI And Second Charge for The Working Capital Limits of Rs.586.000 Millions By Canara Bank and Rs.479.000 Millions Sanctioned by Syndicate Bank
Date of latest modification prior to the present modification	16.09.2009
Particulars of the present modification	By the above, the amount secured by charge stands enhanced from Rs.1244.300 millions to Rs.3165.000 millions. (All other terms and conditions remain unchanged)

Corporate identity number of the company	U85110KA1989PLC013224
Name of the company	TATA ADVANCED MATERIALS LIMITED
Address of the registered office or of the principal place of business in India of the company	10, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka, India
This form is for	Modification of Charge
Type of charge	Immovable Property
Particular of charge holder	Canara Bank, Overseas Branch, Ramanashree Arcade, M G Road, Bangalore – 560001, Karnataka, India
Nature of instrument creating charge	Supplemental Memorandum of Entry
Date of instrument Creating the charge	26.09.2011
Amount secured by the charge	Rs.4010.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As may be prescribed by the banks from time to time Terms of Repayment As applicable to respective credit limits Margin As per norms of the banks Extent and Operation of the charge The charge shall operate to the extent of the loan amount plus interest commission costs expenses and other charges thereon Others The said amount of Rs.4010.000 Millions comprises Term Loans Rs.2100.000 Millions (Canara Bank Rs.1050.000 Millions and State Bank of India Rs.1050.000 Millions) and Working capital limits Rs.1910.000 Millions (Canara Bank Rs.955.000 Millions, Syndicate Bank Rs.191.000 Millions and State Bank of India Rs.764.000 Millions) The charge on the immovable property shall rank pari passu first charge in respect of term loans of Rs.2100.000 Millions said above and pari passu second charge in respect of working capital limits Rs.1910.000 Millions said above
Short particulars of the property charged	Continuing security by way of equitable Mortgage immovable property of the company land with building (existing to be constructed) situated at Plot No.10, Jigani Industrial Area, 1st Phase, Jigani Village, Jigani Hobli, Anekal Taluk, Bangalore. Admeasuring North by 189.60 mts, South by 197.10 mts, East by 333 mts and West by 333 mts. Bounded on North by: Remaining Land of Plot No.10; South by: KIADB Road No.1; East by: Plots Nos 9A, 9B, 9C and West by Plot No.10A.
Particulars of the property charged	25/06/2011
Particulars of the present modification	By the above the charge amount stands enhanced from Rs. 3620.000 Millions to Rs.4010.000 Millions. (All other terms and conditions remain unchanged)

FIXED ASSETS:

• Product Development
• Software
• Free hold land
• Buildings
• Rant and Machinery
• Moulds, Dies and Patterns
• Furniture and Fixtures
• Computers
• Motor Vehicles

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.49.50
UK Pound	1	Rs.77.73
Euro	1	Rs.65.18

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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		28

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.