MIRA INFORM REPORT

Report Date :

18.01.2012

IDENTIFICATION DETAILS

Name :	TATA AUTOCOMP SYSTEMS LIMITED (w.e.f. 25.04.1996)
Formerly Known As :	TATA AUTOCOMP SYSTEMS PRIVATE LIMITED
Registered Office :	Bombay House, 24, Homi Mody Street, Fort, Mumbai - 400 001, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.10.1995
Com. Reg. No.:	11-093733
Capital Investment / Paid-up Capital :	Rs.2547.814 Millions
CIN No.: [Company Identification No.]	U34100MH1995PLC093733
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Supplier of Vehicle Parts and Components to the Automotive Sector.
No. of Employees :	1370 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 9700000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a part of Tata Group, a highly reputed industrial house. It is having satisfactory track. Trade relations are fair. Payments are slow but correct. 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 :	Bombay House, 24, Homi Mody Street, Fort, Mumbai - 400 001, Maharashtra, India
Tel. No.:	91-22-22049131/ 66658282
Fax No.:	91-22-22845523/ 66658160
E-Mail :	taco@tacogroup.com autocomp@tata.com ajay.sharma@tacogroup.com ta.ramkumar@tacogroup.com
Website :	http://www.tacogroup.com
Area:	3000 sq. ft.
Location :	Owned
Corporate Office :	Taco House, Damle Path, Off Law College Road, Pune- 411 004, Maharashtra, India
Tel. No.:	91-20-66085000
Fax No.:	91-20-25438499/ 66085034/ 66085102
E-Mail :	taco@tacogroup.com
Corporate Office 2:	Taco Technical Centre, Rajiv Gandhi IT Park, Hinjewadi, Phase 2, S No 280 ands 281, Pune - 411 057, Maharashtra, India
Factory 1 :	Muttha Chambers, 3^rd Floor, Senapati Bapat Road, Pune - 411 016, Maharashtra, India
Tel. No.:	91-20-25672782 / 25660691
Fax No.:	91-20-25660699
Factory 2 :	Plot 28, Bidadi Industrial Area, Ramnagar, Bangalore – 562 109, Karnataka, India
Overseas Office :	35488 Crescent Court, Farmington Hills, MI 48335, United States of America
Tel. No.:	1-248-4744607
Fax No.:	1-248-4744668
Branches :	Located at:- · Lucknow, Uttar Pradesh · Vadodara, Gujarat · Mumbai, Maharashtra · Pune, Maharashtra · Jamshedpur · Bangalore, Karnataka · Chennai, Tamilnadu

DIRECTORS

AS ON 09.09.2011

Name :

Mr. Ramabadran Gopalkrishnan

Designation :

Director

Address :

Baug – E, Abbas Flat No. 101, Captain Prakash Peth Marg, 21/A, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Date of Birth/Age :

25.12.1945

Date of Appointment :

27.06.2001

DIN No.:

00027858

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	L24239MH1939PLC002893	TATA CHEMICALS LIMITED	Director	30/10/1998	30/10/1998	-	Active	NO
2	U99999MH1917PLC000478	TATA SONS LIMITED	Director	29/07/2011	24/11/1998	-	Active	NO
3	L28920MH1945PLC004520	TATA MOTORS LIMITED	Director	22/12/1998	22/12/1998	1/9/2010	Active	NO
4	L28920MH1919PLC000567	THE TATA POWER COMPANY LIMITED	Director	15/01/1999	15/01/1999	-	Active	NO
5	L24292WB1954PLC021516	AKZO NOBEL INDIA LIMITED	Director	19/05/1999	19/05/1999	-	Active	NO
6	L36992MH1948PLC014083	RALLIS INDIA LIMITED	Director	28/06/1999	28/06/1999	-	Active	NO
7	U74899DL1995PLC066685	TATA TELESERVICES LIMITED	Nominee director	29/09/1999	29/09/1999	23/03/2009	Active	NO
8	L23200MH1979PLC021359	CASTROL INDIA LIMITED	Director	17/10/2000	17/10/2000	-	Active	NO
9	U72200PN1994PLC013313	TATA TECHNOLOGIES LIMITED	Director	8/3/2001	8/3/2001	-	Active	NO
10	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	27/06/2001	27/06/2001	-	Active	NO
11	U83000MH1926PLC001231	THE ANGLO SCOTTISH EDUCATION SOCIETY	Director	12/9/2001	12/9/2001	-	Active	NO
12	U22219WB1922PTC004503	ABP PRIVATE LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
13	U24117KA2005PLC036126	ADVINUS THERAPEUTICS LIMITED	Director	30/04/2005	30/04/2005	-	Active	NO
14	U73100KA2000PLC028246	METAHELIX LIFE SCIENCES LIMITED	Director	21/09/2011	30/12/2010	-	Active	NO
15	U05121KA2002PLC031204	DHAANYA SEEDS LIMITED	Director	28/09/2011	30/12/2010	-	Active	NO

Name :

Mr. Kishor Anant Chaukar

Designation :

Director

Address :

72, NCPA Apartments, 7^th Floor, Dorbabji Tata Road, Nariman Point, Mumbai – 400021, Maharashtra, India

Date of Birth/Age :

01.08.1947

Date of Appointment :

30.03.1999

DIN No.:

00033830

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	Managing director	15/10/2008	15/10/1998	-	Active	NO
2	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	14/01/1999	14/01/1999	24/09/2010	Active	NO
3	U74899DL1995PLC066685	TATA TELESERVICES LIMITED	Nominee director	25/02/1999	25/02/1999	-	Active	NO
4	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	30/03/1999	30/03/1999	-	Active	NO
5	U64200MH2000PLC129407	SITEL INDIA LIMITED	Director	20/12/2000	20/12/2000	11/4/2007	Active	NO
6	L64200MH1986PLC039266	TATA COMMUNICATIONS LIMITED	Director	1/7/2002	1/7/2002	-	Active	NO
7	U67190MH2002PLC137798	IDFC PRIVATE EQUITY COMPANY LIMITED	Director	17/09/2003	17/09/2003	-	Active	NO
8	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Director	9/6/2004	9/6/2004	-	Active	NO
9	U64200AP1995PLC044060	TATA BUSINESS SUPPORT SERVICES LIMITED	Director	14/01/2005	14/01/2005	-	Active	NO
10	U11100MH1993PLC134095	TATA PETRODYNE LIMITED	Director	21/02/2005	21/02/2005	-	Active	NO
11	U91110GJ2000NPL037902	GIVE FOUNDATION	Director	30/07/2005	30/07/2005	-	Active	NO
12	U67120MH1985PLC037369	TSR DARASHAW LIMITED	Director	29/09/2006	20/10/2005	-	Active	NO
13	U24117KA2005PLC036126	ADVINUS THERAPEUTICS LIMITED	Director	10/8/2007	8/11/2006	-	Active	NO
14	L27101PN1985PLC038031	PRAJ INDUSTRIES LIMITED	Nominee director	27/06/2008	17/06/2007	-	Active	NO
15	U93090MH2007PLC173035	TATA INDUSTRIAL SERVICES LIMITED	Director	19/09/2008	5/12/2007	13/09/2010	Active	NO
16	U34300PN1997PLC015436	TATA YAZAKI AUTOCOMP LIMITED	Director	23/09/2009	9/1/2009	-	Active	NO
17	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	13/08/2009	24/03/2009	-	Active	NO
18	U66010MH2000PLC128403	TATA AIG LIFE INSURANCE COMPANY LIMITED	Director	16/09/2010	14/10/2009	-	Active	NO
19	U93090MH2010NPL208544	BHAVISHYA ALLIANCE CHILD NUTRITION INITIATIVES	Director	3/10/2010	3/10/2010	-	Active	NO
20	U65991MH1995PLC087722	TATA TRUSTEE COMPANY LIMITED	Additional director	10/6/2011	10/6/2011	-	Active	NO

Name :

Mr. Rajendra Ramdas Bhinge

Designation :

Director

Address :

83 Land Mark, Carmichael Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

04.11.1951

Date of Appointment :

30.07.2004

DIN No.:

00036557

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	U01110MH1990PLC057600	ORIENTAL FLORATECH INDIA LIMITED	Director	16/04/1991	16/04/1991	26/05/2009	Active	NO
2	U84200MH1992PLC066138	ITEL INDUSTRIES LIMITED	Director	27/03/1992	27/03/1992	28/08/2008	Active	NO
3	U74999MH1993PLC072118	ORIENTAL SERITECH LIMITED	Director	25/05/1993	25/05/1993	7/8/2009	Active	NO
4	U34300PN1996PLC015038	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	25/07/1996	25/07/1996	-	Active	NO
5	L32200MH1940PLC003164	NELCO LIMITED	Director	29/08/2003	29/08/2003	-	Active	NO
6	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	30/07/2004	30/07/2004	-	Active	NO
7	U31900MH2005PLC158120	INFINITI RETAIL LIMITED	Director	16/12/2005	16/12/2005	-	Active	NO
8	U51900MH2006PLC159776	COMPUTATIONAL RESEARCH LABORATORIES LIMITED	Director	6/8/2007	14/07/2006	-	Active	NO
9	U67120MH1987PLC044351	TATANET SERVICES LIMITED	Director	14/09/2011	14/09/2011	-	Active	NO

Name :

Mr. Satish Bhaskar Pradhan

Designation :

Director

Address :

173 NCPA Apartments 17 Floor, Apsara CHS, Nariman Point, Mumbai – 400021, Maharashtra, India

Date of Birth/Age :

04.01.1955

Date of Appointment :

03.05.2002

DIN No.:

00175969

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	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Director	8/8/2001	8/8/2001	-	Active	NO
2	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	3/5/2002	3/5/2002	-	Active	NO
3	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	8/5/2002	8/5/2002	20/03/2008	Active	NO
4	U51900MH2006PLC159776	COMPUTATIONAL RESEARCH LABORATORIES LIMITED	Director	6/8/2007	14/07/2006	-	Active	NO
5	U51909MH1957PLC010942	TATA SERVICES LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
6	U31300PN2005PLC021394	TATA AUTOCOMP GY BATTERIES LIMITED	Director	17/07/2009	26/03/2009	-	Active	NO

Name :

Mr. Rameshwar Singh Thakur

Designation :

Whole Time Director

Address :

Flat No. 205, Burlington, Hiranandani Estate, Patilpada, Thane (West), Mumbai-400607, Maharashtra, India

Date of Birth/Age :

06.09.1948

Date of Appointment :

28.12.2007

Other Directorship:

Tata Motors Limited

DIN No.:

00020126

Email :

rsthakur@tacogroup.com

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	L35911GA1980PLC000400	AUTOMOBILE CORPORATION OF GOA LIMITED	Director	30/07/2002	30/07/2002	6/7/2010	Active	NO
2	U24110MH1972PLC015561	CONCORDE MOTORS (INDIA) LIMITED	Director	21/10/2004	21/10/2004	21/01/2008	Active	NO
3	U29120MP1995PLC009773	TATA PRECISION INDUSTRIES (INDIA) LIMITED	Director	16/12/2005	16/12/2005	24/10/2007	Active	NO
4	U50300MH1997PLC149349	TATA MOTORS INSURANCE BROKING AND ADVISORY SERVICES LIMITED	Director	27/04/2006	27/04/2006	21/01/2008	Active	NO
5	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Director	7/7/2007	17/07/2006	-	Active	NO
6	U34101MH2006PLC164771	TATA MARCOPOLO MOTORS LIMITED	Nominee director	25/06/2007	20/09/2006	1/7/2010	Active	NO
7	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Managing director	9/12/2010	28/12/2007	-	Active	NO
8	U31300PN2005PLC021394	TATA AUTOCOMP GY BATTERIES LIMITED	Director	21/06/2010	9/4/2008	-	Active	NO
9	U28910TN1997PLC047905	SUNGWOO GESTAMP HITECH (CHENNAI) LIMITED	Nominee director	9/4/2008	9/4/2008	4/2/2009	Active	NO
10	U34300PN2003PTC021545	KNORR-BREMSE SYSTEMS FOR COMMERCIAL VEHICLES INDIA PRIVATE LIMITED	Additional director	9/4/2008	9/4/2008	26/08/2008	Active	NO
11	U29130PN2006PTC128649	TACO HENDRICKSON SUSPENSIONS PRIVATE LIMITED	Director	21/07/2008	10/4/2008	26/08/2008	Active	NO
12	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	27/06/2008	29/04/2008	-	Active	NO
13	U34300PN2000PLC015253	TACO COMPOSITES LIMITED	Director	30/12/2008	6/5/2008	-	Active	NO
14	U34300PN1999PLC014564	MUBEA SUSPENSION INDIA LIMITED	Director	25/09/2008	6/5/2008	26/12/2008	Active	NO
15	U34300PN1997PLC015436	TATA YAZAKI AUTOCOMP LIMITED	Director	23/09/2009	8/7/2008	-	Active	NO
16	U63000MH2008PLC180593	TML DISTRIBUTION COMPANY LIMITED	Additional director	11/7/2008	11/7/2008	17/11/2008	Active	NO
17	U32109PN2007PLC129527	TACO SASKEN AUTOMOTIVE ELECTRONICS LIMITED	Director	14/07/2009	25/12/2008	-	Under liquidation	NO
18	U34300PN1996PLC015038	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29/09/2009	5/1/2009	-	Active	NO
19	U72900MH2000PLC126195	DRIVE INDIA ENTERPRISE SOLUTIONS LIMITED	Director	8/8/2011	30/09/2010	-	Active	NO
20	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Additional director	1/9/2011	1/9/2011	-	Active	NO

Name :

Mr. Praveen P Kadle

Designation :

Director

Address :

224, NCPA, Apartments, Nariman Point, Mumbai- 400021, Maharashtra, India.

Date of Birth/Age :

21.01.1957

Date of Appointment :

29.09.2009

DIN No.:

00016814

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	U45200MH1989PLC050444	SHEBA PROPERTIES LIMITED	Director	27/04/1996	27/04/1996	18/09/2007	Active	NO
2	U34101JH1993PLC005546	TATA CUMMINS LIMITED	Director	24/01/1997	24/01/1997	26/10/2007	Active	NO
3	U72200PN1994PLC013313	TATA TECHNOLOGIES LIMITED	Director	4/2/1997	4/2/1997	-	Active	NO
4	U50300MH1997PLC149349	TATA MOTORS INSURANCE BROKING AND ADVISORY SERVICES LIMITED	Director	15/04/1998	15/04/1998	30/06/2011	Active	NO
5	U85110KA1998PLC024588	TELCO CONSTRUCTION EQUIPMENT COMPANY LIMITED	Nominee director	30/12/1998	30/12/1998	4/8/2008	Active	NO
6	U29113PN1994FLC139153	CUMMINS TECHNOLOGIES INDIA LIMITED	Director	14/06/2000	14/06/2000	27/02/2007	Active	NO
7	L28920MH1945PLC004520	TATA MOTORS LIMITED	Whole-time director	11/7/2006	31/01/2001	18/09/2007	Active	NO
8	U51909MH1957PLC010942	TATA SERVICES LIMITED	Director	14/06/2001	14/06/2001	26/09/2007	Active	NO
9	U67120MH1994PLC080918	TATA SECURITIES LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
10	U65923MH2006PLC162503	TATA MOTORS FINANCE LIMITED	Director	1/6/2006	1/6/2006	-	Active	NO
11	U67190MH2005PLC153471	RELIGARE ASSET MANAGEMENT COMPANY LIMITED	Director	29/09/2006	27/07/2006	4/12/2008	Active	NO
12	L65990MH1991PLC060670	TATA CAPITAL LIMITED	Managing director	18/09/2007	13/04/2007	-	Active	NO
13	U65923MH2007PLC176158	TATA CAPITAL MARKETS LIMITED	Director	26/11/2007	26/11/2007	-	Active	NO
14	U74999MH2002PLC135640	E-NXT FINANCIALS LIMITED	Director	17/09/2008	18/02/2008	-	Active	NO
15	U67190MH2008PLC187552	TATA CAPITAL HOUSING FINANCE LIMITED	Director	15/10/2008	15/10/2008	-	Active	NO
16	U63040MH2008PLC187559	TC TRAVEL AND SERVICES LIMITED	Director	15/10/2008	15/10/2008	-	Active	NO
17	U51109MH2009PLC189466	T SEC COMMODITIES BROKING LIMITED	Director	9/1/2009	9/1/2009	28/10/2010	Active	NO
18	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	29/09/2009	18/03/2009	-	Active	NO
19	U74999DL2002PTC117357	INTERNATIONAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Nominee director	20/07/2009	21/03/2009	-	Active	NO
20	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Director	25/07/2009	1/4/2009	-	Active	NO
21	U67190TN2010PLC076545	TATA INFRASTRUCTURE CAPITAL LIMITED	Director	9/7/2010	9/7/2010	28/10/2010	Active	NO
22	U65921TN2006PLC061442	T T HOLDINGS AND SERVICES LIMITED	Director	23/09/2011	25/08/2010	-	Active	NO
23	U67100MH2010PLC210201	TATA CAPITAL FINANCIAL SERVICES LIMITED	Director	5/9/2011	19/11/2010	-	Active	NO
24	U65923MH2011PLC222430	TATA CLEANTECH CAPITAL LIMITED	Director	27/09/2011	27/09/2011	-	Active	NO

Name :

Mr. Naushad Forbes

Designation :

Additional Director

Address :

410 Sheridan AV Apt 454, Palo Alto CA94306

Date of Birth/Age :

13.05.1960

Date of Appointment :

16.12.2010

DIN No.:

00630825

Email :

nforbes@forbesmarshall.com

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	U29111PN1958PTC011125	J N MARSHALL PRIVATE LIMITED	Director	28/12/1983	28/12/1983	-	Active	NO
2	U28996PN1985PTC037806	FORBES MARSHALL PRIVATE LIMITED	Director	18/10/1985	18/10/1985	-	Active	NO
3	U29299PN1985PTC038445	FORBES MARSHALL ARCA PRIVATE LIMITED	Director	24/12/1985	24/12/1985	-	Active	NO
4	U27109PN1959PTC011334	SPIRAX MARSHALL PRIVATE LIMITED	Director	24/09/1986	24/09/1986	-	Active	NO
5	U31909PN1984PTC033201	KROHNE MARSHALL PRIVATE LIMITED	Director	29/09/1986	29/09/1986	-	Active	NO
6	U32101PN1988PTC048071	SEMPELL VALVES PRIVATE LIMITED	Director	12/7/1988	12/7/1988	-	Amalgamated	NO
7	U24111AP1991PTC013030	FORBES MARSHALL (HYD) PRIVATE LIMITED	Director	1/4/1993	1/4/1993	-	Active	NO
8	U74999PN1962PTC012449	FORBES POLYMETRON PRIVATE LIMITED	Director	17/08/1995	17/08/1995	-	Active	NO
9	U72200PN2000PTC015632	RAPIDEFFECT PRIVATE LIMITED	Director	14/12/2000	14/12/2000	-	Active	NO
10	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	22/03/2004	22/03/2004	24/08/2007	Active	NO
11	L29112PN1978PLC088972	KIRLOSKAR INDUSTRIES LIMITED	Director	19/07/2007	22/07/2006	30/03/2010	Active	NO
12	L74999MH1922PLC000997	GAMMON INDIA LIMITED	Director	11/8/2006	11/8/2006	11/11/2010	Active	NO
13	U29299PN2007PTC129934	FORBES MARSHALL CODEL PRIVATE LIMITED	Director	10/4/2007	10/4/2007	-	Active	NO
14	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	29/07/2009	27/01/2009	-	Active	NO
15	U29299PN2009PTC134958	FORBESVYNCKE PRIVATE LIMITED	Director	12/11/2009	12/11/2009	-	Active	NO
16	L29120PN2009PLC133351	KIRLOSKAR OIL ENGINES LIMITED	Director	9/7/2010	30/03/2010	-	Active	NO
17	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	16/12/2010	-	Active	NO

Name :

Mr. Rakesh Mohan

Designation :

Additional Director

Address :

E-57, Panch Shila Park, New Delhi – 110017, India

Date of Birth/Age :

14.01.1948

Date of Appointment :

16.12.2010

DIN No.:

02790744

Email :

rmohan1948@gmail.com

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	U74990MH2008NPL189117	INDIAN INSTITUTE FOR HUMAN SETTLEMENTS	Director	3/9/2009	3/9/2009	-	Active	NO
2	L15202DL1959PLC003786	NESTLE INDIA LIMITED	Director	19/04/2011	22/04/2010	-	Active	NO
3	U74140MH1996PTC099483	DSP BLACKROCK INVESTMENT MANAGERS PRIVATE LIMITED	Director	24/05/2010	24/05/2010	-	Active	NO
4	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	2/8/2011	27/07/2010	-	Active	NO
5	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	16/12/2010	-	Active	NO
6	U80210MH1993NPL073071	THE MAHINDRA UNITED WORLD COLLEGE OF INDIA	Director	20/09/2011	18/02/2011	-	Active	NO

Name :

Mr. Lakshman Lakshminarayan

Designation :

Additional Director

Address :

17, Crescent Street, Arch Bishop Mathias Avenue, Abhiramapuram, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

17.07.1946

Date of Appointment :

09.12.2010

DIN No.:

00012554

Email :

l.lakshman@rane.co.in

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	L35999TN1964PLC005276	RANE BRAKE LININGS LIMITED	Managing director	27/12/1975	27/12/1975	-	Amalgamated	NO
2	L35999TN1936PLC002202	RANE HOLDINGS LIMITED	Managing director	1/4/2011	12/11/1976	-	Active	NO
3	L33129TZ1972PLC000641	PRICOL LIMITED	Director	24/03/1982	24/03/1982	18/04/2009	Active	NO
4	U35999TN1987PLC014600	RANE TRW STEERING SYSTEMS LIMITED	Nominee director	3/7/1987	3/7/1987	-	Active	NO
5	L34103TN1967PLC005539	RANE ENGINE VALVES LIMITED	Director	10/4/1989	10/4/1989	-	Amalgamated	NO
6	U51909DL1991PLC042645	JMA RANE MARKETING LIMITED	Director	17/01/1991	17/01/1991	-	Active	NO
7	U29141TN1995PLC030621	RANE NSK STEERING SYSTEMS LIMITED	Nominee director	22/03/1995	22/03/1995	-	Active	NO
8	L74999TN1972PLC006127	RANE ENGINE VALVE LIMITED	Director	25/06/1997	25/06/1997	-	Active	NO
9	L85110TN1936PLC071646	KAR MOBILES LIMITED	Director	30/07/1999	30/07/1999	-	Active	NO
10	U65993TN1982PLC009748	RANE INVESTMENTS LIMITED	Director	14/03/2002	14/03/2002	-	Amalgamated	NO
11	L65993TN2004PLC052856	RANE (MADRAS) LIMITED	Director	31/03/2004	31/03/2004	-	Active	NO
12	L63011TN2004PLC054948	RANE BRAKE LINING LIMITED	Director	22/07/2008	18/06/2007	-	Active	NO
13	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	29/09/2007	29/09/2007	-	Active	NO
14	U74999DL1990PLC041398	DCM ENGINEERING LIMITED	Director	5/9/2008	5/9/2008	-	Active	NO
15	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	16/07/2010	28/04/2010	-	Active	NO
16	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	9/12/2010	-	Active	NO
17	L18101DL1970PLC005197	SRF LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO

Name :

Mr. Ramesh Amrut Savoor

Designation :

Additional Director

Address :

No.201, Pine View, 9 Edward Road, Bangalore – 560052, Karnataka, India

Date of Birth/Age :

24.04.1944

Date of Appointment :

09.12.2010

DIN No.:

00149089

Email :

savoorr@gmail.com

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	L24211TN1975PLC006989	E.I.D PARRY (INDIA) LIMITED	Director	22/03/2002	22/03/2002	-	Active	NO
2	L24294MH1958PLC011052	FOSECO INDIA LIMITED	Director	24/07/2002	24/07/2002	-	Active	NO
3	U34300MH1995PTC092803	DIVGI WARNER PRIVATE LIMITED	Director	19/09/2002	19/09/2002	-	Active	NO
4	U65991MH2004PTC147285	FIL FUND MANAGEMENT PRIVATE LIMITED	Director	26/07/2004	26/07/2004	-	Active	NO
5	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	29/12/2005	29/12/2005	-	Active	NO
6	U45203TN2006PTC058518	PARRY INFRASTRUCTURE COMPANY PRIVATE LIMITED	Director	24/07/2009	29/10/2008	-	Active	NO
7	L24120AP1961PLC000892	COROMANDEL INTERNATIONAL LIMITED	Director	21/07/2009	18/03/2009	-	Active	NO
8	L63040MH1978PLC020717	THOMAS COOK (INDIA) LIMITED	Director	12/5/2010	29/05/2009	-	Active	NO
9	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	9/12/2010	-	Active	NO

Name :

Mr. Hari Lakshminarayan Mundra

Designation :

Additional Director

Address :

A-61, Twin Towers, Off Veer Savarkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

26.10.1949

Date of Appointment :

09.12.2010

DIN No.:

00287029

Email :

harimundra@yahoo.co.in

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	L25100MH1958PLC011041	CEAT LIMITED	Director	10/9/1998	10/9/1998	-	Active	NO
2	U72300TN1997PTC039190	FUTURE FOCUS INFOTECH PRIVATE LIMITED	Director	13/08/2003	13/08/2003	-	Active	NO
3	L11100GJ1989PLC032116	ESSAR OIL LIMITED	Whole-time director	31/10/2003	31/10/2003	29/09/2007	Active	NO
4	U35111GJ1993FLC053434	VADINAR OIL TERMINAL LIMITED	Director	28/09/2005	28/09/2005	31/10/2007	Active	NO
5	U70100MH2006PLC160616	VADINAR PROPERTIES LIMITED	Director	21/03/2006	21/03/2006	31/10/2007	Active	NO
6	U23209GJ2006PLC049286	ESSAR OIL VADINAR LIMITED	Director	27/10/2006	27/10/2006	31/10/2007	Amalgamated	NO
7	U65999MH2008PTC178870	AEGON TRUSTEE COMPANY PRIVATE LIMITED	Director	10/8/2009	12/2/2009	17/10/2011	Active	NO
8	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	9/12/2010	-	Active	NO

Name :

Mr. Ram Nath Mukhija

Designation :

Additional Director

Address :

Varsha, Flat No.501, Janki Kutir, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

05.02.1944

Date of Appointment :

09.12.2010

DIN No.:

00001653

Email :

mukhijarn@intebg.com

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	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Whole-time director	24/10/2001	24/10/2001	23/10/2010	Active	NO
2	U72900MH1996PLC104693	LARSEN AND TOUBRO INFOTECH LIMITED	Director	13/08/2004	13/08/2004	19/09/2011	Active	NO
3	U40109MH2010PLC205058	L AND T SOLAR LIMITED	Director	30/06/2010	30/06/2010	-	Active	NO
4	L29308MH1954PLC009371	VOLTAS LIMITED	Director	16/08/2011	3/12/2010	-	Active	NO
5	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	9/9/2011	9/12/2010	-	Active	NO
6	U74200MH2007PTC176358	L AND T REALTY PRIVATE LIMITED	Director	26/08/2011	24/02/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ajay S Nagale
Designation :	Director
Address :	18/204, Nilgiri Sidhanchal Phase- 3, Near Vasant Vihar Road 2, Mumbai- 400010, Maharashtra, India.
Date of Birth/Age :	26.07.1966
Date of Appointment :	10.07.2008
PAN No.:	AAAPN8667N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 09.09.2011

Names of Shareholders (Equity Shares)	No. of Shares
Tata Industries Limited, India	69244903
Tata Motors Limited, India	52333170
Tata Capital Limited, India	48307333
Tata Sons Limited, India	28675598
Tata Investment Corporation Limited, India	2720054
Tata Industries Limited, India Jointly with Mr. R R Shastri	150
Tata Industries Limited, India Jointly with Mr. K A Chaukar	50
Tata Industries Limited, India Jointly with Mr. N J Driver	50
Dilip S. Pendse	50
TOTAL	201281358

Names of Shareholders (Preference Shares)	No. of Shares
Tata Motors Limited, India	21000000
Tata Investment Corporation Limited, India	15000000
Rajuvalika Investments Limited, India	7000000
Tata Consultancy Services Limited, India	5000000
Ratan Naval Tata Jointly with Naval H Tata	3000000
N A Soonaala	2000000
Tata Simone Naval Jointly with Naval H Tata	500000
TOTAL	53500000

AS ON 09.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of Vehicle Parts and Components to the Automotive Sector.

Products :

ITC Code No.	Product Description
87089900	Plastic Parts for Motor Vehicles
87081000	Bumpers and Parts Thereof Engineering Services Supply Chain Management Services Tooling Services Full Services Provider To the Global Automotive Industry

PRODUCTION STATUS – (AS ON 31.03.2011)

Particulars	Unit	Installed Capacity	Production
Plastic Parts for Motor Vehicles	MT	27264774	23925795

GENERAL INFORMATION

No. of Employees :

1370 (Approximately)

Bankers :

· State Bank of India,

Industrial finance Branch, Tara Chambers, Wakdewadi, Pune-411 003, Maharashtra, India

· HDFC Bank Limited,

HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

· HSBC Bank Limited-

Amar Avinash Corporate City, Sector No. 11, Bund Garden Road, Pune- 411001, Maharashtra, India

· Corporation Bank-

Industrial Finance Branch, 14, Wakedewadi, Mumbai Pune Road, Pune- 411003, Maharashtra, India

Facilities :

Secured Loans :	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Non Convertible Debentures Secured	350.000	350.000
Rupee term loan banks secured	739.796	1079.587
Foreign currency loans banks secured	344.635	603.251
Working Capital loans banks secured	732.756	212.009
Loans taken for other fixed assets secured	14.082	17.014
Interest accrued due other debt secured	5.564	10.774
Total	2186.833	2272.635

(A) Non Convertible Debentures (redeemable at the expiry of 7 years from the date of allotment i.e., February 27, 2009). Secured by First pari-passu charge on the specific movable and specific immovable assets of the Company

(B) Rupee Term Loans (excluding interest accrued and due Rs. 2.545 millions Previous Year: Rs.10.535 millions). Secured by a charge on the Company s fixed assets, both present and future, including its movable plant and machinery, equipment, appliances, furniture, vehicles, machinery spares and stores, tools and accessories. (amount due within one year: Rs. 80.000 millions Previous Year: Rs. 249.992 millions).

(C) Foreign Currency Loans (excluding interest accrued and due Rs. Nil; Previous Year: Rs. 0.239 millions) Secured by a first charge on pari passu basis by way of hypothecation of the Company s movable assets (save and except book debts), and mortgage of present and future immovable properties (amount due within one year: Rs. 292.725 millions Previous Year: Rs. 289.988 millions)

(D) Short term loans from bank (excluding interest accrued and due Rs.3.019 millions (Previous year Rs. NIL)). Secured by hypothecation of moveable assets and second charge on present and future specific immovable properties of the company. Cash Credit Secured by hypothecation of movable assets and second charge on present and future specific immovable properties of the Company.

(E) Loans for Leased Assets (Secured against hypothecation of leased assets). (Amount due within one year : Rs. 7.326 millions; Previous Year: Rs. 11.683 millions )

(F) Includes Interest accrued and due on Rupee Term Loans Rs. 2.545 millions (Previous Year Rs. 10.535 millions), Short Term Loans from Banks Rs. 3.019 millions (Previous Year Rs. NIL), and Foreign Currency Loans Rs. NIL (Previous Year Rs. 0.239 millions)

Unsecured Loans :	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Non Convertible debentures unsecured	1000.000	0.000
Working Capital loans others unsecured	163.141	0.000
Other debt unsecured	938.300	1588.300
Total	2101.441	1588.300

(A) Non Convertible Debentures (redeemable at the expiry of 10 years from the date of allotment i.e. May 20, 2010)

(B) Short Term Loans from Banks

(C) Inter Corporate Deposits Rs. 588.300 millions (Previous year Rs. 488.300 millions) (amount due within one year Rs. 588.300 millions Previous Year: Rs. 238.300 millions). Loans from Others Rs 350.000 millions ( Previous year Rs. 1100.000 millions) (amount due within one year Rs. Nil; Previous Year: Rs. Nil)

Banking Relations :	--
Auditors :
Name :	Price Waterhouse Chartered Accountant
Address :	6^th Floor, Millenia Tower, D, 1 and 2, Murphy Road, Ulsoor, Bangalore – 560008, Karnataka, India
Promoter Group Companies :	· Tata Industries Limited · Tata Motors Limited · Tata Capital Limited · Tata Sons Limited
Subsidiaries	· Tata Toyo Radiator Limited CIN No. U99999PN1997PLC110139 · Taco Composites Limited ( formerly known as Automotive Composite Systems (International) Limited) CIN No. U34300PN200PLC015253 · Tata Autocomp Mobility Telematics Limited CIN No. U32109PN2005PLC020334 · Taco Sasken Automotive Electronics Limited CIN No. U32109PN2007PLC129527 · Taco Holdings (Mauritius) Limited · Taco Kunststofftechnik GmbH · Taco Grundstuckverwaltungs GmbH · Nanjing Tata Autocomp Systems Limited · Mubea Suspension India Limited (formerly known as TC Springs Limited Upto January 12 2010) · Automotive Stampings and Assemblies Limited (from December 10 2010)
Joint Ventures	· Tata Johnson Controls Automotive Limited · Tata Ficosa Automotive Systems Limited · Tata Yazaki Autocomp Limited · Tata Nifco Fasteners Limited · Taco FAURECIA Design Center Private Limited (upto December 1, 2009) · Tata Autocomp GY Batteries Limited · Taco Visteon Engineering Private Limited (upto February 15, 2010) · Visteon Automotive Private Limited ( upto February 15, 2010) · Taco Hendrickson Suspensions Private Limited · Automotive Stampings and Assemblies Limited
Associates :	· KNORR-BREMSE Systems for Commercial Vehicles India Private Limited (upto January 27, 2010)
Fellow Subsidiaries	· Tata AIG General Insurance Company Limited · e-Nxt Financials Limited · Tata Teleservices Limited · Tata Teleservices (Maharashtra) Limited · Tata Consultancy Services Limited · Infiniti Retail Limited · Computational Research Laboratories Limited · Tata Investment Corporation Limited · Tata Sky Limited

CAPITAL STRUCTURE

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
300000000	Equity Shares	Rs.10/- each	Rs.3000.000 Millions
70000000	Preference Shares	Rs.10/- each	Rs.700.000 Millions
	TOTAL		Rs.3700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
201281358	Equity Shares	Rs.10/- each	Rs.2012.814 Millions
53500000	Preference Shares	Rs.10/- each	Rs.535.000 Millions
	TOTAL		Rs.2547.814 Millions

(A) 300,000,000 (Previous Year : 210,000,000) Equity shares of Rs. 10/- each

(B) 70,000,000 (Previous Year : 70,000,000) Preference shares of Rs. 10/- each

(C) 201,281,358 (Previous Year : 201,281,358) Equity shares of Rs. 10/- each, fully paid up. Tata Sons Limited is the ultimate holding company with effect from September 1, 2010. Out of the above equity shares, 28,675,598 shares are held by Tata Sons Limited And 120,272,540 shares are held by its subsidiaries.

(D) 53,500,000 (Previous Year : 53,500,000) Preference shares of Rs. 10/- each, fully paid up. Out of the above preference shares, 20,000,000 shares are held by Tata Sons subsidiaries.

(E) 201,281,358 (Previous Year : 201,281,358) Equity shares of Rs. 10/- each, fully paid up. Tata Sons Limited is the ultimate holding company with effect from September 1, 2010. Out of the above equity shares, 28,675,598 shares are held by Tata Sons Limited And 120,272,540 shares are held by its subsidiaries.

(F) 53,500,000 (Previous Year : 53,500,000) Preference shares of Rs. 10/- each, fully paid up. Out of the above preference shares, 20,000,000 shares are held by Tata Sons subsidiaries.

(G) 201,281,358 (Previous Year : 201,281,358) Equity shares of Rs. 10/- each, fully paid up. Tata Sons Limited is the ultimate holding company with effect from September 1, 2010. Out of the above equity shares, 28,675,598 shares are held by Tata Sons Limited And 120,272,540 shares are held by its subsidiaries.

(H) 53,500,000 (Previous Year : 53,500,000) Preference shares of Rs. 10/- each, fully paid up. Out of the above preference shares, 20,000,000 shares are held by Tata Sons subsidiaries.

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		2547.814	2547.814	2547.814
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		69.439	31.939	6.939
4] (Accumulated Losses)		(180.389)	(641.089)	(946.668)
NETWORTH		2436.864	1938.664	1608.085
LOAN FUNDS
1] Secured Loans		2186.833	2272.635	3342.700
2] Unsecured Loans		2101.441	1588.300	738.300
TOTAL BORROWING		4288.274	3860.935	4081.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		6725.138	5799.599	5689.085
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2143.667	1952.286	2012.828
Capital work-in-progress		59.408	134.053	249.182
INVESTMENT		3707.271	3417.816	3490.018
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	475.843	444.878	592.909
	Sundry Debtors	1056.650	1266.259	989.401
	Cash & Bank Balances	116.232	247.533	260.706
	Other Current Assets	5.521	2.816	70.432
	Loans & Advances	1080.877	706.131	925.943
Total Current Assets		2735.123	2667.617	2839.391
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1571.491	1843.925	1311.967
	Other Current Liabilities	285.622	379.789	1546.006
	Provisions	102.053	151.459	44.361
Total Current Liabilities		1959.166	2372.173	2902.334
Net Current Assets		775.957	295.444	(62.943)
MISCELLANEOUS EXPENSES		38.835	0.000	0.000
TOTAL		6725.138	5799.599	5689.085

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating Revenue, net	10066.363	9475.586	6744.281
		Other Income	64.082	479.559	758.430
		TOTAL (A)	10130.445	9955.145	7502.711
Less	EXPENSES
		Consumption materials changes inventories	6801.239	6522.898
		Manufacturing service costs	323.986	261.466	8667.412
		Employees related expenses	921.301	877.674
		Administrative selling other expenses	765.726	1067.148
		TOTAL (B)	8812.252	8729.186	8667.412
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1318.193	1225.959	(1164.701)
Less	FINANCIAL EXPENSES (D)		400.668	471.061	464.377
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		917.525	754.898	(1629.078)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		376.525	331.616	326.168
	PROFIT BEFORE TAX (E-F) (G)		541.000	423.282	(1955.246)
Less	TAX (H)		0.000	5.529	(30.605)
	PROFIT AFTER TAX (G-H) (I)		541.000	417.753	(1924.641)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(641.089)	(946.668)	985.071
Less	APPROPRIATIONS
		Dividend on preference Share	NA	82.808	6.067
		Tax on Dividend	NA	4.366	1.031
		Transfer to Debenture Redemption Reserve	NA	25.000	0.000
	BALANCE CARRIED TO THE B/S		NA	(641.089)	(946.668)
	EARNINGS IN FOREIGN CURRENCY		NA	1347.851	921.385
	IMPORTS
		Raw Materials an d Tools	NA	419.668	575.801
		Consumable and Spares	NA	14.548	149.904
		Capital Goods	NA	67.884	90.429
	TOTAL IMPORTS		NA	502.100	816.134
	Earnings Per Share (Rs.)		2.48	1.84	(11.05)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.34	4.20	(25.65)
Net Profit Margin (PBT/Sales)	(%)	5.37	4.61	(29.65)
Return on Total Assets (PBT/Total Assets}	(%)	11.08	9.16	(40.10)
Return on Investment (ROI) (PBT/Networth)		0.22	0.22	(1.22)
Debt Equity Ratio (Total Liability/Networth)		2.56	3.22	4.36
Current Ratio (Current Asset/Current Liability)		1.39	1.12	0.98

LOCAL AGENCY FURTHER INFORMATION

BUSINESS DESCRIPTION

Subject is a manufacturer and supplier of vehicle parts and components to the automotive sector. The company manufactures a range of suspension systems and mobility tracking solutions. In addition, it supplies a variety of car interiors that includes dashboards, instrument panels, air vents, door trims, grab handles and floor consoles. The company also manufactures plastic-moulded exteriors, including bumpers, spoilers, hoods, grilles and bumper guards. It supplies radiators, fuel tanks, and clutch and accelerator cables. The company’s other product range includes heating systems, antiglare tilts, and blinker, hydrophilic, articulated, power foldable and electro-chromatic mirrors. It also manufactures coil springs, stabiliser and torsion bars, and accelerator, transmission, door opening and window adjusting cables. Additionally, the company owns and manages a research centre that designs and tests embedded software for various automotive systems.

FINANCIAL PERFORMANCE (STANDALONE):

Performance During the year, the Company earned a total turnover of Rs. 10130.400 Millions for the year ended March 31, 2011 as against Rs. 9955.200 millions for the previous year ended March 31, 2010. The net profit for the year has been Rs. 541.000 millions as against Rs. 417.800 millions during the previous financial year, indicating a growth of 28%. During the year, the Company achieved a significant reduction in the interest cost, against an outgo of Rs. 471.100 millions in the previous year; the Company incurred an outgo of Rs. 400.700 millions, indicating a decline of 15%. This was possible on account of availing long term finance at competitive rates and increase in dividend income and income from fees on provision of support services to the joint ventures and subsidiaries. Additionally, the year saw the Company successful completing its restructuring exercise, making it more focused.

FORM : 8

Bankers Charges Report as per Registry

Corporate identity number of the company	U34100MH1995PLC093733
Name of the company	TATA AUTOCOMP SYSTEMS LIMITED
Address of the registered office or of the principal place of business in India of the company	Bombay House, 24, Homi Mody Street, Fort, Mumbai - 400 001, Maharashtra, India taco@tacogroup.com
This form is for	Creation of charge
Type of charge	Book Debts Movable Property (Not being pledge)
Particular of charge holder	Corporation Bank- Industrial Finance Branch, 14, Wakedewadi, Mumbai Pune Road, Pune- 411003, Maharashtra, India Cb502@corpbank.co.in
Nature of description of the instrument creating or modifying the charge	Common Deed of Hypothecation of Movables/ Assets/ Debts dated 26^th December, 2009
Date of instrument Creating the charge	26.12.2009
Amount secured by the charge	Rs.500.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest COBAR -1% i. e. 11.00% p. a. at present. Terms of Repayment To be repaid in one installment at the end of 35th month from the date of disbursement of the loan. Margin Nil Extent and Operation of the charge Hypothecation /1st Charge on inventory cum Book Debts/Current Assets of Services Div (viz. Eng, Supply Chain mgt, Corporate, Retail and other Business) stored/ stocked/ maintained at TACO House, V G Damale Path, Off Law College Road, Erandwane, Pune - 411004 and/or at such other places notified from time to time; 2nd Charge on Fixed Movable Assets of Interior and Plastics Div of the Co, with Gross Block : Rs.1582.700 millions and Net Block : Rs.766.400 millions as on 31-03-09 [1st Charge with SBI and LIC of India]
Short particulars of the property charged	Hypothecation/ First Charge on inventory cum Book Debts/Current Assets of the Services Division (viz. Engineering, Supply Chain management, Corporate, Retail and other Business) of the Company, Stored / stocked/ maintained at TACO House, V G Damale Path, Off Law College Road, Erandwane, Pune – 411 004 and/or at such other places notified from time to time. Second Charge on the Fixed Movable Assets of Interior and Plastics Division of the Coma, with Gross Block: Rs.1582.700 millions and Net Block: Rs.766.400 millions as on 31.03.09 -1st Charge with SBI and LIC of India.

FIXED ASSETS:

· Freehold Land

· Buildings

· Plant and Machinery

· Work Station/ office Equipments

· Furniture, Fittings and Other Equipments

· Vehicles

· Vehicles on Finance Lease

· Computer and Peripherals on financial lease

· Specialised software

· Engineering and Development cost

DIRECTORS PROFILE:

Mr. Ramabadran Gopalakrishnan

Chairman of the Board - Chairman RT

Mr. Ramabadran Gopalakrishnan is Chairman of the Board of Subject Mr. Ramabadran Gopalakrishnan is a director of Tata Sons Limited, a member of Group Corporate Centre, chairman of Rallis India Limited and Advinus Therapeutics Private Limited, and vice chairman of Tata Chemicals Limited. A graduate in physics from the Calcutta University, Mr. Gopalakrishnan also has a degree in engineering from IIT. He is a director of other Tata companies such as Tata Power Company Limited and Tata Technologies Limited. He joined Hindustan Lever (HLL) (now Hindustan Unilever Limited) as a management trainee in 1967. In 1987, he joined HLL's management committee as executive director of exports. In 1991, he was appointed chairman of Unilever Arabia, based in Jeddah, to establish and manage Unilever's consumer products business in Arab countries. On his return to India in 1995, he was appointed managing director of Brooke Bond Lipton. After the company's merger with HLL, he was designated vice chairman of Hindustan Unilever Limited. After 31 years with HLL, Mr. Gopalakrishnan joined Tata Sons in September, 1998 as executive director. He has been president of the All India Management Association. He is on the Company’s Board since June 27, 2001 and as the Chairman since September 26, 2008.

Mr. Rajendra Ramdas Bhinge

Non-Executive Director - Director/Board Member- RT 

Mr. Rajendra Ramdas Bhinge is Non-Executive Director of Subject Mr. Rajendra Bhinge is the Chief Executive Officer of Tata Strategic Management Group, the Indian owned management consulting firm in South Asia. Mr. Bhinge obtained a bachelors degree in technology (electrical engineering) in 1973 from the Indian Institute of Technology, Mumbai. He completed his Post Graduation Diploma in Business Administration in 1975 from the Indian Institute of Management, Ahmedabad. Mr. Bhinge started his career with Tata companies in 1975 and since then has held cross-functional portfolios across finance, operations and planning in senior management roles. He also established the telecom equipment business of Nelco Limited. Mr. Bhinge has authored the strategic plan for Tata Industries Limited in 1990 and was responsible for its implementation. He held a key role in joint venture planning and negotiations with AT&T, Bell Canada, Liebert, ALCAN, on behalf of Tata Industries Limited. He has conceptualized and established Tata Strategic Management Group (TSMG), the Indian owned management consulting firm. At TSMG, Mr. Bhinge specialises in strategy formulation, portfolio review and public policy. Mr. Bhinge also serves on the board of directors of several companies like the Company, Nelco Limited, Infiniti Retail Limited, TJCAL and Computational Research Laboratories Private Limited. He is on the Company’s Board since July 30, 2004.

Mr. Kishor Anant Chaukar

Non-Executive Director - Director/Board Member- RT

Mr. Kishor Anant Chaukar is Non-Executive Director of Subject. He as managing director of Tata Industries Limited, Mr. Chaukar is responsible for providing strategic direction and support the Tata companies that have been promoted by Tata Industries. Mr. Chaukar is a post-graduate diploma in management from the Indian Institute of Management, Ahmadabad and holds a bachelor's degree in arts (economics) from the Karnataka University. He is also involved in strengthening Tata Industries' role as a catalyst for the introduction of new businesses within the Tata group, especially in areas of high technology and future economic potential. Mr. Chaukar's responsibilities as mentor and strategist are further enhanced by his membership of the Group Corporate Centre, which formulates strategy at the group level. He was previously the managing director of the ICICI Securities and Finance Company Limited, as well as a member of the board of directors of ICICI Limited. He has also worked with Bhartiya Agro Industries Foundation, a public trust engaged in rural development, and Godrej Soaps. He has been a director of Company since March 30, 1999.

Mr. Praveen Purushottam Kadle

Non-Executive Director- Director/Board Member RT 

Mr. Praveen Purushottam Kadle is Non-Executive Director of Subject Mr. Praveen Kadle is the managing director and chief executive officer of Tata Capital Limited, a wholly owned subsidiary of Tata Sons Limited. Mr. Kadle is a graduate (with honours) in commerce and accountancy from the Bombay University. Mr. Kadle is a Chartered Accountant, Cost Accountant and Company Secretary. Mr. Kadle has been working with the Tata group for the last 18 years. Mr. Kadle joined Tata Motors Limited as the vice president (finance) and in the year 2001 he was promoted to the board of Tata Motors Limited as executive director (finance and corporate affairs). Mr. Kadle is a member of the board on various companies in the Tata group and other companies. He is also actively involved with various public charitable institutions notably as the board member and honorary treasurer of Child Rights and You (CRY). Mr. Kadle has won a number of awards in recognition of his contribution to Tata Motors Limited, namely, CNBC-TV18, the "Country's performing CFO in the Auto and Auto Ancillaries sector for 2006"; 'The CFO of the year 2005' in India by Business Today; the 'CFO of the year 2004' by IMA (formerly known as Economist Intelligence Unit). He has been on the Company’s Board since March 18, 2009.

Mr. Satish Bhaskar Pradhan

Non-Executive Director- Director/Board Member RT 

Mr. Satish Pradhan is Non-Executive Director of subject Mr. Satish Pradhan, Chief, Group HR, Tata Sons, heads the Tata Group HR function. Prior to joining the group in April 2001, he was with ICI Plc in London at their Head Office as Organisation Design and Development Manager (Group HR). He has a Masters in History from Delhi University and has worked in Public and Private Sector companies. During the last 30 years he has worked with Steel Authority of India, CMC, ICI India, Brooke Bond Lipton India Limited (now Unilever India), ICI Plc in various capacities in the HR area. He is also a member of the Governing Body of Tata Institute of Social Sciences (TISS) and National HRD Network; the Executive Committee of the Bombay Natural History Society; Confederation of Indian Industries (CII) and National Committee on HRD and Women's Empowerment. He is on the Company’s Board since May 3, 2002.

Mr. Rameshwar Singh Thakur

Chief Executive Officer, Managing Director, Executive Director - Director/Board Member - RT 

Mr. Rameshwar Singh Thakur is Chief Executive Officer, Managing Director; Executive Director of Subject Mr. Rameshwar Singh Thakur holds a Bachelor's degree in mechanical engineering and a post graduate diploma in Business Management from XLRI. He is also chartered management accountant from CIMA, London, having passed all their examinations. Prior to joining the Company, he worked with Tata Motors Limited (TML) for over 35 years and was also last designated as vice president (MD’s Office). During his tenure with TML, he was responsible for finance, business planning, treasury, M&A, negotiations with State Governments for new projects and manufacturing engineering. Mr. Rameshwar Singh Thakur was appointed as the executive Director of the Company on December 28, 2007 for a term of five years. He was re-designated as the executive Director and chief operating officer of the Company with effect from November 27, 2008, and was later re-designated as executive Director and chief executive officer of the Company with effect from June 4, 2010. Further on December 9, 2010 Mr. Rameshwar Singh Thakur was redesignated as the Managing Director and chief executive officer of the Company with immediate effect.

Mr. Naushad D. Forbes

Non-Executive Independent Director- Director/Board Member- RT

Mr. Naushad Forbes is Non-Executive Independent Director of Subject Mr. Forbes received Bachelor’s and Master’s Degrees from Stanford University and Ph. D in Industrial Engineering. He also holds the B.A.S. in Industrial Engineering and History from the Stanford University. Mr. Forbes is Director of Forbes Marshall, in Steam Engineering and Control Instrumentation Company. He has been a Consulting Professor in the Management Science and Engineering program at Stanford University from 1987 to 2004. He has a number of publications to his credit including the following: Forbes N. and D. Wield, From Followers to Leaders: Managing Technology in Newly Industrializing Countries. He was instrumental in developing courses in Technology and Policy in Newly Industrialized Countries and the Management of Technology in Firms in Newly Industrialized Countries. Mr. Forbes is on the board of Kirloskar Engines India Limited, Godrej Industries Limited, Ruby Hall Hospital, Jump Associates LLC, California, Stanford Alumni Association, Indian Institute of Technology, Bombay and Vishwakarma Institute of Technology, Pune. He was also the Chairman of the Confederation of Indian Industry (Western Region) in 2009-10. He has recently joined the Board as an Independent Director.

Mr. Lakshman Lakshminarayan

Non-Executive Independent Director- Director/Board Member- RT 

Mr. Lakshman Lakshminarayan is Non-Executive Independent Director of Subject Mr. Lakshman Lakshminarayan is currently the Executive Chairman of Rane Holdings Limited, the apex company of the Rs.16 billion (US$ 371 million) Rane Group and an acknowledged leader in the auto component industry. He is also on the board of several public limited companies. He is a Mechanical Engineer from the University of Madras and an alumnus of London Business School, London, UK. Joining one of the Rane group companies as a Management Trainee in 1970, he worked his way up to become the Chairman of the group in 1992. He steered the Rane Group during a challenging and exciting phase in the automobile industry's evolution and transformation in India. Under his leadership, Rane Brake Lining Limited, Rane Engine Valve Limited, Rane TRW Steering Systems Limited and Rane (Madras) Limited have won the coveted Deming Prize. Having served as President of ACMA, Madras Chamber of Commerce and Industry and ASSOCHAM, he has been an active member in various industry forums. He has recently joined the Company’s Board as an Independent Director.

Mr. Rakesh Mohan

Non-Executive Independent Director- Director/Board Member- RT 

Dr. Rakesh Mohan is Non-Executive Independent Director of Subject Dr. Rakesh Mohan is a Professor in the Practice of International Economics of Finance, School of Management, and Senior Fellow, Jackson Institute of Global Affairs, Yale University from July 2010 where he teaches during the fall semester. Dr. Rakesh Mohan is also on the board of Sona Koyo Steering Systems Limited, a listed company engaged in the automotive component business. He is also Non Resident Senior Research Fellow of Stanford Centre for International Development, Stanford University. He is the chairman, National Transport Development Policy Committee and chairman of the High Level Committee on Financing of Infrastructure, Government of India, as a Minister of State. In addition, he is vice-chairman, Indian Institute of Human Settlements and Senior Adviser, McKinsey and Company. During June 15, 2009 to December 15, 2009, he was Distinguished Consulting Professor at Stanford Centre for International Development at Stanford University. Dr. Rakesh Mohan received his Masters Degree and Doctorate in Economics from Princeton University and Bachelors in Arts in Economics from the Yale University. He is also a Bachelor of Science in Electrical Engineering from Imperial College of Science and Technology, University of London. He recently co-chaired the "Committee on Financial Sector Assessment" (2009) set up by the Government of India and the Reserve Bank of India. He also cochaired the G20 Working Group "Enhancing Sound Regulation and Strengthening Transparency" (2009). He has recently joined the Company’s Board as an Independent Director.

Mr. Ram Nath Mukhija

Non-Executive Independent Director- Director/Board Member- RT 

Mr. Ram Nath Mukhija is Non-Executive Independent Director of Subject Mr. R. N. Mukhija, recently retired as President (Operations) and Member of the Board of Larsen and Toubro Limited, Mumbai and continues to be an advisor to the chairman. He is an Electrical Engineering Graduate of 1965 from IIT Kharagpur with Honours. He was also the President of Electrical Engineering Society at the Institute. After graduation he joined L&T in Delhi and worked in L&T's offices at Lucknow, Calcutta & Mumbai. He has been exposed to Marketing, Manufacturing, R&D and all Senior Management functions and has an performance record throughout his career. He was member of the TQM Task Force and led the Change Management Process effectively. Amongst other responsibilities in Larsen and Toubro, Mr. Mukhija was the director in charge of corporate social responsibility and sustainability initiatives. Mr. Mukhija has been associated with the relevant industry and social bodies and was the President of Indian Electrical and Electronics Manufacturers' Association (IEEMA) in 2002-03. He was also the Chairman of ELECRAMA 2002.He was on the Advisory council of the "Vinod Gupta School of Management" at IIT Kharagpur and also the Managing Trustee Board of Vivekanand Education Society's Institute of Technology. He was the Member of National Advisory Board of Power World Expo 2003 and the National Advisory Council for Power India 2003. Lately he was in the panels of various intellectual forums like the Beijing World CEO Forum, IIMA Confluence and IITKGP Kshitij He has recently joined the Company’s Board as an Independent Director.

Mr. Hari Lakshminarayan Mundra

Non-Executive Independent Director- Director/Board Member- RT 

Mr. Hari Lakshminarayan Mundra is Non-Executive Independent Director of Subject Mr. Mundra, a Visiting Professor, IIM Ahmedabad and Chairman and Director, Future Focus Infotech Private Limited, is an alumnus of the Indian Institute of Management, Ahmedabad (1971). He was with Hindustan Lever Limited, India, for about 24 years, joining them as management trainee, accounts in 1971. He worked in two countries (India and Indonesia), across three businesses (personal products, detergents and exports) and has held several positions both in the financial and general management domain. In 1990, he joined the Managing Committee of HLL and in 1991, took charge of its Exports Business as Vice President/Executive Director. In 1995, he joined the RPG Group, in the dual capacity of Chief Financial Officer of the Group and President and Chief Executive of the Carbon Black Business. During his 7 year tenure with the RPG Group, he handled several M&A deals in India and overseas and led its financing and cost control initiatives. In 2002, Mr. Mundra joined the Wockhardt Group as Executive Vice Chairman of Wockhardt Limited, in charge of its domestic pharma business. In September 2003, he joined Essar Group, as Deputy Managing Director and Director Finance of Essar Oil Limited, an integrated Oil & Gas and was responsible for resurrecting, refinancing and restarting its Rs.150,000 million oil refinery project.He is currently advising Wockhardt Group in their turn around efforts and as Joint Managing Trustee, helping Indian Cancer Society to become a NGO. He has recently joined the Company’s Board as a Independent Director and is also the Chaiman of the Audit Committee of the Board.

Mr. Ramesh Amrut Savoor

Non-Executive Independent Director- Director/Board Member- RT 

Mr. Ramesh Amrut Savoor is Non-Executive Independent Director of Subject Mr. Savoor is the former managing director of Castrol India Limited. He has over 34 years of experience in the field of sales, marketing, R and D, production, projects, supply chain and human resource. Mr. Savoor holds a bachelor's degree in science, chemistry and a bachelor of technology from Ruia College, Mumbai. He is also a director in other companies namely Foseco India Limited, E.I.D. Parry Limited, Divgi Warner Private Limited, Fidelity Fund Management Private Limited, Parry Infrastructure Company Private Limited, Coromandel International Limited and Thomas Cook India Limited. He has recently joined the Company board as an Independent Director.

NEWS:

INDIA'S TATA AUTOCOMP SAYS IPO LIKELY OVER NEXT TWO WEEKS

Asia Pulse Business wire: 22 June 2011

[What follows is the full text of the news story]

MUMBAI, June 22Asia Pulse - The Tata group-promoted Tata AutoComp Systems (TACO) Tuesday said its Rs.7500.000 Millions (US$167 million) initial public offering (IPO) is likely to hit the market over the next two weeks.

The automobile components manufacturer had filed its draft prospectus with the capital market regulator, Securities and Exchange Board of India (SEBI) in December last year to raise Rs.7500.000 Millions.

"We have received SEBI permission for the IPO. If everything goes well, we will be able to hit the capital market over the next two-weeks," Tata AutoComp Systems' Managing Director and CEO R S Thakur told PTI here.

The issue will include the sale of nearly 35.63 million shares by its shareholders that include Tata Motors (BSE: 500570), Tata Industries, Tata Sons, Tata Capital and Tata Investment Corporation. The face value of the equity shares is Rs.10 each.

The company has roped in JM Financial Consultants, Tata Capital Markets and JP Morgan India as lead managers to its issue.

"We plan to use the proceeds for repayment of loans, investment in TACOCL, one of our subsidiaries and general corporate purposes," Thakur said.

Apart from Tata Motors, the company plans to increase its business from other automobile companies. Presently, Tata Motors holds a 26 per cent stake in TACO.

"Our 50 per cent business comes from Tata Motors and the rest from other automobile companies. Going forward, we want to increase our business from other auto majors," he said.

With more global auto majors entering India, the company is eyeing to double its revenue over the next four years.

"We want to double our revenue by 2015," he said.

The company posted revenue of Rs 2,900-crore in FY11.

On impact of hike in interest rates, Thakur said, "It (increasing interest rates) will not affect for a long-term. The industry will recover soon."

Tata AutoComp provides products and services to the Indian and global automotive OEMs as well as Tier 1 suppliers.

Its clients include Ashok Leyland, BMW, Fiat, Force Motors, Ford Motors India and General Motors India, among others.

TATA AUTOCOMP TO RAISE FUNDS VIA IPO

Mint: 22 June 2011

[What follows is the full text of the news story]

New Delhi, June 22 - Tata AutoComp Systems Limited, the Tata group company that makes automobile parts, plans to raise '7500.000 Millions by selling shares to the public for the first time in July to expand its operations and cut debt, chief executive R.S. Thakur said.

The initial share sale will be followed by the sale of the company's shares in the open market by Tata group companies including Tata Motors Limited, Tata Sons, Tata Industries and Tata Capital Limited to help the group raise '350 crore, said Thakur. The Tata group will own 60% of the company after the IPO.

Analysts said the current volatility in the stock markets may impact valuations. "The timing of the IPO is not good," said Umesh Karne, analyst at brokerage Brics Securities Limited. "Shares of most auto and auto part firms have been trading at low prices."

The automobile parts maker has appointed JM Financial Consultants Private Limited, Tata Capital Markets Limited and JP Morgan India Private Limited as advisers to the sale.

"Once we get listed, the scrutiny by the investor community will spur the performance of the company," Thakur said.

Tata AutoComp plans to double its revenue by 2015 and set up research and development centres in India in collaboration with its joint venture partners.

Tata AutoComp's consolidated revenue in fiscal 2011 was 29000.000 Millions. The company has 47 manufacturing units across the country and has joint ventures with 12 global component makers.

Supplies of auto parts to Tata Motors Limited accounts for almost half of the company's revenue. Its other clients include Ashok Leyland Limited, Toyota Kirloskar Motors private Limited, BMW India Private Limited, Fiat India Automobiles Limited and Force Motors Limited.

TATA AUTOCOMP IPO IN 3 WEEKS

Hindustan Times (India): 21 June 2011

[What follows is the full text of the news story.]

Mumbai, June 21 - Tata Autocomp Systems, the auto part maker from the house of Tatas, is likely to launch its initial public offering in two-three weeks. This is first time a Tata group company is coming up with an IPO since Tata Consultancy Service (TCS) got listed in 2004. Tata Autocomp will raise Rs.7500.000 Millions through IPO. Promoters including Tata group, Tata Sons and Tata Motors will later sell another 35 million shares or 17% of the existing equity. "After the IPO, promoters will have well over 60% of the equity," said RS Thakur, managing director and CEO, Tata Autocomp Systems.

He said the company had finished all formalities required for launching an IPO. "Now it is more of a question of when. It might take two- three weeks," he said.

The company which makes a dozen auto parts including seats, commercial vehicle suspension systems, mirrors, radiators, control cable and radiators posted a revenue of Rs.29000.000 Millions and a net profit of Rs.1250.000 Millions for the year ending March 31.

Tata Motors accounts for the 50% of its supply while others including Fiat, Force Motors, GM, Volkswagen, Eicher and Ashok Leyland make up for the rest.

The company has a Rs.3000.000 Millions capital expenditure plan for the expansion of its 47 units across the country.

MAKARAND ANASPURE APPOINTED BRAND AMBASSADOR OF UNIQUE EARN AND LEARN SCHEME

India PRwire: 05 May 2011

[What follows is the full text of the news story.]

Pune, Maharashtra, May 5 -- Famous Marathi Actor Makarand Anaspure will now be the brand ambassador for the "Unique Learn and Earn Scheme". The scheme is the outcome of an institute-industry partnership model involving the Nashik-based Yashwantrao Chavan Maharashtra Open University (YCMOU), the city-based Yashaswi Institute of Technology (YIT) and Tata Autocomp Systems Limited. The scheme has been approved by the Maharashtra government as part of it's overall effort towards contributing to the Prime Minister's ambitious national skill development mission that has targeted raising a mammoth 500.000 Millions technically skilled manpower by 2022. The learn and earn scheme, enables class X and XII drop-outs pursue engineering diploma studies while simultaneously undertaking a four-year on-job practical training. The scheme was formally launched in Pune by the state's higher and technical education minister, Rajesh Tope in August 2010.

Makarand Anasapure said that many students from rural areas cannot afford college fees. I am happy to be able to endorse this unique scheme which gives an opportunity to poor students who can now get access to technical education through this scheme .I would try and take this scheme to as many students possible.

Vishwesh Kulkarni, president, Yashaswi Institute of Technology (YIT), The scheme provides access to students seeking technical education but who cannot afford it. The company sponsoring the student pays the fees, a monthly stipend and also for the uniform, shoes, insurance cover, etc. The four-year diploma in mechanical engineering will involve eight hours of work at the factory and two hours of classroom work, which will be conducted at the government-owned engineering colleges and polytechnics. The course, is a mix of classroom teaching and shopfloor work. This is an ideal way for honing technical skills. In the first year itself we have received an enthusiastic response. About four thousand students are currently pursuing the program in Pune at our Chinchwad Campus.

NOTES TO EDITOR

At the Yashaswi Education Society, for more than 2 decades, we have created professionals ready to take on the corporate world. We have honed their skills, enhanced their knowledge and given them exposure to today's business scenario so that when they step into the corporate world, they are equipped to leap ahead from the word 'go'.

Known for its diverse and talented faculty, staff, students and alumni, the Yashwaswi Education Society has a very rich culture of learning. Established by the flagship company "Yashaswi Personnel Services Private Limited", Yashaswi has experienced tremendous growth not only in terms of turnover but have also acquired privileged data bank of professionals from different sphere of business like manufacturing, banking, retailing and information technology.

Yashaswi Personnel Services Private Limited has rich experience and organizational expertise to identify the "right people for the right job"; and have been at the forefront of HR consulting in Pune. The work and recognition that Yashaswi Personnel Services Private Limited has earned laid a very strong foundation for the creation of Yashaswi Educational Society, which in turn moulded the National Institute of Management Science to provide the best in academics to its students who in turn will fulfill the demands of the corporate world. Published by HT Syndication with permission from India PR wire.

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 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.51.07
UK Pound	1	Rs.78.48
Euro	1	Rs.65.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
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		46

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.