1. Summary Information

		Country	India
Company Name	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Principal Name 1	Mr. Rajendra R. Bhinge
Status	Good	Principal Name 2	Mr. Ajay Hari Tandon
		Registration #	11-015038
Street Address	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra, India
Established Date	05.01.1996	SIC Code	--
Telephone#	91-20-22932115	Business Style 1	Manufacturer
Fax #	91-20-22932638	Business Style 2	--
Homepage	http://www.tacogroup.com	Product Name 1	Automotive Seating Systems
# of employees	15000 (Approximately)	Product Name 2	Engineering Services
Paid up capital	Rs.127,000,000/-	Product Name 3	--
Shareholders	Foreign holdings = 50% Bodies corporate = 50%	Banking	Corporation Bank
Public Limited Corp.	Yes	Business Period	17 Years
IPO	Yes	International Ins.	-
Public Enterprise	Yes	Rating	A (58)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	India	Tata Johnson Systems Engineering LLC	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,330,660,000	Current Liabilities	1,285,911,000
Inventories	216,562,000	Long-term Liabilities	140,829,000
Fixed Assets	756,821,000	Other Liabilities	268,373,000
Deferred Assets	0,000	Total Liabilities	1,695,113,000
Invest& other Assets	31,647,000	Retained Earnings	513,577,000
		Net Worth	640,577,000
Total Assets	2,335,690,000	Total Liab. & Equity	2,335,690,000
Total Assets (Previous Year)	2,247,769,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	6,846,710,000	Net Profit	374,887,000
Sales(Previous yr)	4,403,238,000	Net Profit(Prev.yr)	279,507,000

MIRA INFORM REPORT

Report Date :

12.10.2013

IDENTIFICATION DETAILS

Name :	JOHNSON CONTROLS AUTOMOTIVE LIMITED (w.e.f. 01.04.2013)
Formerly Known As :	TATA JOHNSON CONTROLS AUTOMOTIVE LIMITED TATA JOHNSON CONTROLS AUTOMOTIVE PRIVATE LIMITED
Registered Office :	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune–411027, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.01.1996
Com. Reg. No.:	11-015038
Capital Investment / Paid-up Capital :	Rs. 127.000 Millions
CIN No.: [Company Identification No.]	U34300PN1996PLC015038
TAN No.: [Tax Deduction & Collection Account No.]	PNET01036A
PAN No.: [Permanent Account No.]	AAACT6342D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Automotive Seating Systems and Providing Engineering Services.
No. of Employees :	1500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (58)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 2500000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of “Johnson Controls Inc” (US). It is having a fine track record. Company has achieved better growth in sales turnover and profit in 2012. Overall financial position of the company appears to be strong and healthy. Trade relations are fair. Business is active. Payments terms are regular and as per commitments. The company can be considered good for business dealings at usual trade terms and conditions. Note: Financial of 2012 are taken from external source (CRISIL website)

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating : AA-
Rating Explanation	High degree of safety and low credit risk.
Date	19.03.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Adinath Jagdale
Designation :	Office Executive
Contact No.:	91-20-66738888
Date :	27.06.2013

LOCATIONS

Registered Office/ Manufacturing Division :	Plot No. 1, Survey No. 235/ 245, Hinjewadi, Taluka Mulshi, Pune – 411 027, Maharashtra, India
Tel. No.:	91-20-22932115/ 66738888/ 66738723
Fax No.:	91-20-22932638/ 66738989
E-Mail :	tjc@tacogroup.com umesh_gosavi@tjc.co.in umesh.gosavi@jci.com
Website :	http://www.tacogroup.com http://www.johnsoncontrols.com
Location :	Owned
Factory 1 :	Pune plant and foam unit Plot #1, Survey #235/245, Hinjewadi, Taluka Mulshi, Pune - 411057, Maharashtra, India
Tel. No.:	91-20-22932115
Fax No.:	91-20-22932638
Factory 2 :	Engineering business 301-309, Sohrab Hall, 21, Sasoon Road, Behind Pune Railway Station, Pune 411 001, India
Tel. No.:	91-20-26000100
Fax No.:	91-20-26059104
Factory 3:	Chennai plant Plot #2, Ford India Supplier Park, SP Koil Post, Chengalpattu, Chennai – 603 204, Tamilnadu, India
Tel No:	91-44-27452811
Fax No:	91-44-27453011
Factory 4 :	Engineering Division 301, 3^rd Floor, Panchshil Tech Park, S.No.19, 20, Hinjewadi, Taluka Mulshi, Pune – 411 057, Maharashtra, India
Tel. No.:	91-20-66757777
Fax No.:	91-20-66757788

DIRECTORS

As on : 25.09.2012

Name :	Mr. Rajendra R. Bhinge
Designation :	Chairman cum Managing Director
Address :	Flat No. 3501, Tower 2, Planet Godrej, Keshavrao Khadye Road, Mumbai- 400011, Maharashtra, India
Date of Birth/Age :	29.05.1952
Date of Appointment :	25.07.1996
DIN No.:	00036557

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U01110MH1990PLC057600	ORIENTAL FLORATECH INDIA LIMITED	Director	16-04-91	16-04-91	26-05-09	Active	NO
2	U84200MH1992PLC066138	ITEL INDUSTRIES LIMITED	Director	27-03-92	27-03-92	28-08-08	Active	NO
3	U74999MH1993PLC072118	ORIENTAL SERITECH LIMITED	Director	25-05-93	25-05-93	07-08-09	Active	NO
4	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	25-07-96	25-07-96	25-03-13	Active	NO
5	L32200MH1940PLC003164	NELCO LIMITED	Director	06-06-13	29-08-03	-	Active	NO
6	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Director	30-07-04	30-07-04	-	Active	NO
7	U31900MH2005PLC158120	Infiniti Retail Limited	Director	16-12-05	16-12-05	-	Active	NO
8	U51900MH2006PLC159776	COMPUTATIONAL RESEARCH LABORATORIES LIMITED	Director	06-08-07	14-07-06	28-08-12	Active	NO
9	U67120MH1987PLC044351	TATANET SERVICES LIMITED	Director	14-09-11	14-09-11	-	Active	NO
10	U44003MH1945PLC004403	TATA INDUSTRIES LIMITED	Whole-time director	05-09-12	01-04-12	-	Active	NO

Name :	Mr. Ajay Hari Tandon
Designation :	Director
Address :	Rose Land Residency, Row House No. 93, Gate No. 3, Pimple Saudagar, Pune- 411027, Maharashtra, India
Date of Birth/Age :	07.01.1959
Date of Appointment :	29.09.2008
DIN No.:	00128667

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U31902PN2005PTC020905	VISTEON AUTOMOTIVE (INDIA) PRIVATE LIMITED	Additional director	10-04-08	10-04-08	15-02-10	Active	NO
2	U74999MH1998PLC112992	TATA FICOSA AUTOMOTIVE SYSTEMS LIMITED	Director	29-09-08	10-04-08	-	Active	NO
3	U32109PN2005PTC020334	Trimble Mobility Solutions India Private Limited	Director	29-12-08	10-04-08	14-12-10	Active	NO
4	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29-09-08	12-04-08	25-03-13	Active	NO
5	U32109PN2007PLC129527	TACO SASKEN AUTOMOTIVE ELECTRONICS LIMITED	Director	16-07-08	29-04-08	25-12-08	Under liquidation	NO
6	U29299PN2008PLC132935	ISRI JC AUTOMOTIVE SEATING LIMITED	Director	08-04-09	16-10-08	21-03-13	Active	NO
7	U28910TN1997PLC047905	SUNGWOO GESTAMP HITECH (CHENNAI) LIMITED	Nominee director	25-12-08	25-12-08	04-02-09	Active	NO
8	U29299PN2005PTC020907	Visteon Engineering Center (India) Private Limited	Director	04-09-09	01-09-09	15-02-10	Active	NO
9	U34300PN2000PLC015253	TACO Composites Limited	Director	06-06-10	04-05-10	-	Amalgamated	NO
10	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	17-07-12	27-07-11	-	Active	NO
11	U34300PN1997PLC015436	YAZAKI INDIA LIMITED	Additional director	31-07-12	31-07-12	11-01-13	Active	NO
12	U80903PN2012NPL145231	AUTOMOTIVE SKILLS TRAINING FOUNDATION	Additional director	29-11-12	29-11-12	-	Active	NO

Name :	Mr. Rameshwar Singh Thakur
Designation :	Director
Address :	Flat No. 205, Burlington, Hiranandani Estate, patlipada Thane West, Mumbai- 400607, Maharashtra, India
Date of Birth/Age :	06.09.1948
Date of Appointment :	29.09.2009
DIN No.:	00020126

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L35911GA1980PLC000400	AUTOMOBILE CORPORATION OF GOA LIMITED	Director	30-07-02	30-07-02	06-07-10	Active	NO
2	U24110MH1972PLC015561	CONCORDE MOTORS (INDIA) LIMITED	Director	21-10-04	21-10-04	21-01-08	Active	NO
3	U29120MP1995PLC009773	TATA PRECISION INDUSTRIES (INDIA) LIMITED	Director	16-12-05	16-12-05	24-10-07	Active	NO
4	U50300MH1997PLC149349	TATA MOTORS INSURANCE BROKING AND ADVISORY SERVICES LIMITED	Director	27-04-06	27-04-06	21-01-08	Active	NO
5	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Director	07-07-07	17-07-06	-	Active	NO
6	U34101MH2006PLC164771	TATA MARCOPOLO MOTORS LIMITED	Nominee director	25-06-07	20-09-06	01-07-10	Active	NO
7	U34100MH1995PLC093733	TATA AUTOCOMP SYSTEMS LIMITED	Managing director	28-12-12	28-12-07	-	Active	NO
8	U34300PN2003PTC021545	KNORR-BREMSE SYSTEMS FOR COMMERCIAL VEHICLES INDIA PRIVATE LIMITED	Additional director	09-04-08	09-04-08	26-08-08	Active	NO
9	U31300PN2005PLC021394	TATA AUTOCOMP GY BATTERIES LIMITED	Director	21-06-10	09-04-08	-	Active	NO
10	U28910TN1997PLC047905	SUNGWOO GESTAMP HITECH (CHENNAI) LIMITED	Nominee director	09-04-08	09-04-08	04-02-09	Active	NO
11	U29130PN2006PTC128649	TACO HENDRICKSON SUSPENSIONS PRIVATE LIMITED	Director	21-07-08	10-04-08	26-08-08	Active	NO
12	L28932PN1990PLC016314	AUTOMOTIVE STAMPINGS AND ASSEMBLIES LIMITED	Director	27-06-08	29-04-08	-	Active	NO
13	U34300PN1999PLC014564	MUBEA SUSPENSION INDIA LIMITED	Director	25-09-08	06-05-08	26-12-08	Active	NO
14	U34300PN2000PLC015253	TACO Composites Limited	Director	30-12-08	06-05-08	-	Amalgamated	NO
15	U34300PN1997PLC015436	YAZAKI INDIA LIMITED	Director	23-09-09	08-07-08	11-01-13	Active	NO
16	U63000MH2008PLC180593	TML DISTRIBUTION COMPANY LIMITED	Additional director	11-07-08	11-07-08	17-11-08	Active	NO
17	U32109PN2007PLC129527	TACO SASKEN AUTOMOTIVE ELECTRONICS LIMITED	Director	14-07-09	25-12-08	-	Under liquidation	NO
18	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29-09-09	05-01-09	25-03-13	Active	NO
19	U72900MH2000PLC126195	Drive India Enterprise Solutions Limited	Director	08-08-11	30-09-10	-	Active	NO
20	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Director	22-06-12	01-09-11	-	Active	NO
21	L31400WB1986PLC091621	USHA MARTIN LIMITED	Additional director	30-01-13	30-01-13	-	Active	NO

Name :

Mr. Jurgen Kemper

Designation :

Director

Address :

394, Laurel Wood Ave, 275980, Singapore- 275980

Date of Birth/Age :

24.04.1971

Date of Appointment :

29.09.2009

DIN No.:

02631685

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29-09-09	01-10-08	01-10-12	Active	NO

Name :

Mr. Chetan Prafull Tolia

Designation :

Director

Address :

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

Date of Birth/Age :

02.10.1963

Date of Appointment :

29.09.2009

DIN No.:

00457784

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45200JH2003PLC010315	JAMSHEDPUR UTILITIES & SERVICES COMPANY LIMITED	Director	25-08-03	25-08-03	15-11-07	Active	NO
2	U45209PN2005PLC020270	TATA BLUESCOPE STEEL LIMITED	Managing director	20-10-05	20-10-05	01-08-08	Active	NO
3	U31300PN2005PLC021394	TATA AUTOCOMP GY BATTERIES LIMITED	Director	17-07-09	30-12-08	21-08-09	Active	NO
4	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29-09-09	05-01-09	25-03-13	Active	NO
5	U34300PN2005PTC021693	SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED	Nominee director	21-03-11	21-03-11	01-08-11	Active	NO

Name :

Mr. Mitul Rustagi

Designation :

Director

Address :

L 411, 2^nd Floor, Sarita Vihar, New Delhi-110076, India

Date of Birth/Age :

01.09.1968

Date of Appointment :

29.09.2012

DIN No.:

03379848

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	26-09-11	18-02-11	-	Active	NO
2	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	20-06-12	26-03-12	-	Active	NO

Name :

Mr. Paul Chawla

Designation :

Director

Address :

1007-B, Aralias, DLF Golda Links, Phase V, DLF City Gurgaon-122009, Haryana, India

Date of Birth/Age :

01.09.1965

Date of Appointment :

26.09.2011

DIN No.:

03486146

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	26-09-11	08-04-11	-	Active	NO
2	U29191PN2000PLC015669	JOHNSON CONTROLS MARINE & REFRIGERATION INDIA LIMITED	Director	30-09-11	21-06-11	10-06-13	Active	NO
3	U33130MH1995PTC111247	JOHNSON CONTROLS (INDIA) PRIVATE LIMITED	Director	30-09-11	21-06-11	10-06-13	Active	NO
4	U29299PN2008PLC132935	ISRI JC AUTOMOTIVE SEATING LIMITED	Additional director	21-03-13	21-03-13	-	Active	NO

Name :

Mr. Stevens David Mark

Designation :

Director

Address :

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

Date of Birth/Age :

25.05.1961

Date of Appointment :

29.09.2008

DIN No. :

01764752

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	29-09-08	26-09-07	-	Active	NO

Name :

Mr. Bruce William Fry

Designation :

Director

Address :

46758, Creeks BND, Canton, MI 48188 2383, Michigan

Date of Birth/Age :

21.08.1965

Date of Appointment :

25.09.2012

DIN No. :

03541692

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	25-09-12	26-08-11	02-02-13	Active	NO

Name :

Mr. Atam Prakash Arya

Designation :

Director

Address :

G-1-B, NIldih Road, Nildih Golmuri Post, Jamshedpur-831003, Jharkhand, India

Date of Birth/Age :

15.10.1947

Date of Appointment :

25.09.2012

DIN No. :

00020001

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34101JH1993PLC005546	TATA CUMMINS LIMITED	Director	25-09-96	25-09-96	23-07-07	Active	NO
2	U29113PN1994FLC139153	CUMMINS TECHNOLOGIES INDIA LIMITED	Director	18-06-99	18-06-99	27-02-07	Active	NO
3	U34100MH2000PLC124874	TML Drivelines Limited	Director	27-02-01	27-02-01	22-08-07	Active	NO
4	U29130MH2000PLC124872	HV TRANSMISSIONS LIMITED	Director	27-02-01	27-02-01	22-08-07	Amalgamated	NO
5	U29100PN2000PLC130290	TAL MANUFACTURING SOLUTIONS LIMITED	Managing director	12-07-07	17-05-07	16-10-12	Active	NO
6	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	26-09-08	26-11-07	-	Active	NO
7	U99999PN1997PLC110139	TATA TOYO RADIATOR LIMITED	Director	25-07-09	30-12-08	17-08-11	Active	NO
8	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	25-09-12	26-08-11	25-03-13	Active	NO

KEY EXECUTIVES

Name :	Mr. Umesh M. Gosavi
Designation :	Company Secretary
Address :	Vasant, 61B, Rambaug Colony, Paud Road, Pune-411038, Maharashtra, India
Date of Birth/Age :	07.02.1963
Date of Appointment :	14.03.2000
PAN No. :	AAWPG9241R
Name :	Mr. Belani Ashok Kumar
Designation :	Manager
Address :	Flat No. 1412, Building No. 1, Clover Highlands, Near Nimba Road, Pune- 411048, Maharashtra, India
Date of Birth/Age :	01.05.1960
Date of Appointment :	01.04.2008
PAN No. :	AAAPB0812B
Name :	Mr. Adinath Jagdale
Designation :	Office Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 25.09.2012

Names of Shareholders	No. of Shares
Tata Autocomp Systems Limited, India	6349700
Tata Autocomp Systems Limited, India	150
Johnson Controls Internationals, Netherlands	6350000
Tata Autocomp Systems Limited, India	50
Tata Autocomp Systems Limited, India	50
Tata Autocomp Systems Limited, India	25
Tata Autocomp Systems Limited, India	25
TOTAL	12700000

Equity Share Break up (Percentage of Total Equity)

As on : 25.09.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Automotive Seating Systems and Providing Engineering Services.

Products :

· Automobile Sealing Systems

· Accessories (Seat Covers) for automotive seating systems

· Seating Systems and Components

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

Imports :

Products :

Raw Material

Countries :

· Korea

· China

· Taiwan

· Malaysia

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Automotive Seating Systems	Sets	1160000	1160000	880701
	Nos.	--	--	8098
Floor Consoles	Sets.	15000	15000	4818
	Nos.	--	--	11767
Other Automotive Components	Sets	--	--	17199
	Nos.	--	--	2769

Notes:

(1) The licensed capacity is as per the Industrial Enter pruner Memorandum (IEM) filed/to be filed with the Ministry of Commerce and Industry, the Secretariat for Industrial Assistance.

(2) The installed capacity has been certified by the CEO and relied upon by the auditors without verification, this being a technical matter.

(3) Other automotive components are manufactured out of the capacity for automotive seating systems.

(4) Accessories and Components are not earmarked for sale as such. The Company considers a component as 'meant for sale' only when it is actually sold and hence no stocks/purchases are indicated. The cost of such accessories and components sold is included in consumption of raw materials and components. It is not practicable to furnish quantitative information in respect of sales of accessories and components in view of considerable number of items diverse in size and nature.

(5) Production includes third party manufacturing on behalf of the Company.

(6) Sales excludes 1,922 Nos. (478 Nos.) given as samples/warranty/consumed for testing.

GENERAL INFORMATION

Customers :

OEM’s

No. of Employees :

1500 (Approximately)

Bankers :

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

· HSBC Bank

· HDFC Bank

· ICICI Bank Limited, Chennai

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2011	31.03.2010
Rupee Term Loans Secured	140.829	216.100
TOTAL	140.829	216.100

Notes:

1. Includes: HSBC Bank Rs 70.900 Millions (Above loan from bank is secured by pari passu charge, with existing lenders, over movable plant and machinery (both present and future)) Corporation Bank RS 69.929 Millions (Above loan from bank is secured by hypothecation of stocks, book debts and pari passu first charge on movable fixed assets and also by an equitable mortgage by deposit of title deeds of land and buildings.)
2. Includes: HSBC Bank Rs 141.800 Millions (Above loan from bank is secured by pari passu charge, with existing lenders, over movable plant and machinery (both present and future)) Corporation Bank Rs. 74.3300 Millions (Above loan from bank is secured by hypothecation of stocks, book debts and pari passu first charge on movable fixed assets and also by an equitable mortgage by deposit of title deeds of land and buildings.)

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	706, B Wing, 7^th Floor, ICC Tower, Senapati Bapat Road, Pune- 411016, Maharashtra, India
Tel. No.:	91-20-66244600
Fax No.:	91-20-56244605
Joint Venture (31.03.2011) :	ISRI TJC Automotive Seating Limited
Subsidiaries (31.03.2011) :	Tata Johnson Systems Engineering LLC
Venture in the Company (31.03.2011) :	· Johnson Controls International B.V. · Tata Autocomp Systems Limited

CAPITAL STRUCTURE

As on : 25.09.2012

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		127.000	127.000	127.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		513.577	364.302	266.067
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		640.577	491.302	393.067
LOAN FUNDS
1] Secured Loans		140.829	216.100	212.700
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		140.829	216.100	212.700
DEFERRED TAX LIABILITIES		14.000	5.000	5.000
TOTAL		795.406	712.402	610.767
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		756.821	576.280	579.699
Advance on Capital Account		0.000	44.176	11.284
Capital work-in-progress		8.328	42.621	68.063
INVESTMENT		23.319	23.319	33.405
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	216.562	213.883	206.573
	Sundry Debtors	773.828	535.831	449.128
	Cash & Bank Balances	276.906	492.641	265.921
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	279.926	319.018	252.240
Total Current Assets		1547.222	1561.373	1173.862
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1125.498	1218.264	908.568
	Other Current Liabilities	160.413	66.272	93.605
	Provisions	254.373	250.831	253.373
Total Current Liabilities		1540.284	1535.367	1255.546
Net Current Assets		6.938	26.006	(81.684)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		795.406	712.402	610.767

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales (Net)	6846.710	4403.238	3496.556
		Engineering Services	0.000	882.743	1261.194
		Other Income	70.515	87.633	54.933
		TOTAL (A)	6917.225	5373.614	4812.683
Less	EXPENSES
		Consumption of Raw Materials and Components	4827.642	3541.621	2866.116
		(Increase)/ Decrease in Finished Goods and work-in-progress stocks	0.000	1.427	(1.223)
		Manufacturing Service Cost	181.959	0.000	0.000
		Employees Cost	758.965	743.578	771.423
		Other Expenses	470.483	535.149	685.942
		TOTAL (B)	6239.049	4821.775	4322.258
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		678.176	551.839	490.425
Less	FINANCIAL EXPENSES (D)		9.973	22.334	34.034
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		668.203	529.505	456.391
Less/ Add	DEPRECIATION/ AMORTISATION (F)		129.696	102.627	109.803
	PROFIT BEFORE TAX (E-F) (G)		538.507	426.878	346.588
Less	TAX (H)		163.620	147.371	95.378
	PROFIT AFTER TAX (G-H) (I)		374.887	279.507	251.210
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		232.983	162.699	61.420
Less	APPROPRIATIONS
		Interim Dividend	96.012	72.000	31.750
		Proposed Dividend	97.790	82.940	74.930
		Tax on Dividend	31.810	26.332	18.130
		Transfer to General Reserve	37.489	27.951	25.121
	BALANCE CARRIED TO THE B/S		344.769	232.983	162.699
	EARNINGS IN FOREIGN CURRENCY
		Income from Engineering Services	832.392	845.243	1207.483
		FOB Value of Exports	34.631	33.337	33.737
		Recovery for employee deputation	3.876	4.055	6.393
		Others	15.353	3.519	0.000
	TOTAL EARNINGS		886.252	886.154	1247.613
	IMPORTS
		Raw Materials	213.875	226.249	429.444
		Capital Goods	36.638	28.087	17.996
		Spare Parts	4.952	0.603	2.354
		Others	0.000	1.923	1.513
	TOTAL IMPORTS		255.465	256.862	451.307
	Earnings Per Share (Rs.)		29.52	22.01	19.78

Particulars	31.03.2013	31.03.2012
Sales Turnover (Approximately)	8000.000	7500.000

Expected Sales (2013-2014) : Rs. 9500.000 Millions

The above information has been parted by Mr. Adinath Jagdale

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.42	5.20	5.22
Net Profit Margin (PBT/Sales)	(%)	7.87	9.69	9.91
Return on Total Assets (PBT/Total Assets}	(%)	23.37	19.97	19.76
Return on Investment (ROI) (PBT/Networth)		0.84	0.87	0.88
Debt Equity Ratio (Total debt/Networth)		0.22	0.44	0.54
Current Ratio (Current Asset/Current Liability)		1.00	1.02	0.93

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	---------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	---------
22]	Litigations that the firm / promoter involved in	--------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--------
26]	Buyer visit details	--------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

REVIEW OF OPERATION:

The Company’s earnings increased by 34.97% for manufacturing operations and 2.32% for Engineering Services compared to the previous financial year. The net profit for the year has increased by 34.12% compared to the previous financial year.

PRESS REALEASE:

JOHNSON CONTROLS PRICOL WILL BE OPERATING FROM PUNE

March 3, 2012

PUNE, India: Johnson Controls, a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics, has formed a joint venture with Pricol Limited, a leading supplier of automotive instrument clusters in India.

The 50/50 joint venture will be called Johnson Controls Pricol Private Limited. Pricol's instrument cluster manufacturing plant in Pune will become the joint venture's primary location. It will develop and manufacture instrument clusters, displays and body electronics for both automakers and motorcycle manufacturers that operate businesses in India, by leveraging Johnson Controls' industry-leading Human Machine Interaction design and implementation expertise as well as product capabilities.

"This new partnership combines the expertise and capabilities of Johnson Controls and Pricol to create a unique value proposition for our customers and differentiation in the industry," said Jeff DeBest, group vice president and general manager, electronics for Johnson Controls Automotive Experience.

With Pricol's cost-effective innovation capabilities and strong customer relationships in the local market, Johnson Controls will realize growth potential in India. It also will serve global customers cost effectively.

"Johnson Controls brings their world-class product development capabilities, global purchasing relationships and access to global customer relationships to this joint venture, which will help Pricol to strengthen our leading market position in India," said Vijay Mohan, chairman, Pricol.

"Pricol's existing instrument cluster offerings and customer base for motorcycle makers will allow us to enter a new market segment," added DeBest. This new joint venture also will become Johnson Controls' global center of expertise for this product.

About Johnson Controls:

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 162,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful.

About Johnson Controls Automotive Experience:

Johnson Controls is a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics. We support all major automakers in the differentiation of their vehicles through our products, technologies and advanced manufacturing capabilities. With 240 locations worldwide, we are where our customers need us to be. Consumers have enjoyed the comfort and style of our products, from single components to complete interiors. With our global capability we supply approximately 50 million cars per year.

About Pricol :

Pricol, which started its operations 35 years ago, is a well-known name in the Indian automotive component sector. Over the last 25 years, Pricol has been a leading supplier of automotive instrument clusters for two wheelers, cars, trucks and tractors in India. The company supports automakers and after-market customers across Europe, America, Middle East and Australasia and supplies instruments and other products including sensors, oil pumps, chain tensioners, fleet management solution products.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90088417	14/06/2001	9,600,000.00	HEWLETT PACKARD INDIA LIMITED	CHANDIWALLA ESTATE, MAA ANAND MAL MARG; KALKAJI,  NEW DELHI, DELHI - 110019, INDIA	-
2	90084668	29/03/2010 *	303,900,000.00	CORPORATION BANK	ADITI COMMERCE CENTRE, EAST STREET CAMP, PUNE, MAHARASHTRA - 411001, INDIA	A83378349

* Date of charge modification

FIXED ASSETS:

· Freehold Land

· Leasehold Land

· Buildings

· Plant and Machinery

· Furniture and Fixtures

· Infrastructure Development Costs

· Motor Vehicles

· Improvement to Leased Premises

· Licensed Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

No 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 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. 61.16
UK Pound	1	Rs. 97.77
Euro	1	Rs. 82.78

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	7
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		58

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.