MIRA INFORM REPORT

Report No. :	339832
Report Date :	04.09.2015

IDENTIFICATION DETAILS

Name :	TATA STEEL LIMITED
Registered Office :	Bombay House, 24 - Homi Mody Street, Fort, Mumbai - 400 001, Maharashtra
Tel. No.:	91-22-66658282 / 66657279 / 66657306
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	26.08.1907
Com. Reg. No.:	11-000260
Capital Investment / Paid-up Capital :	Rs.9714.100 Million
CIN No.: [Company Identification No.]	L27100MH1907PLC000260
TAN No.: [Tax Deduction & Collection Account No.]	MUMT00249E MUMT10796C
PAN No.: [Permanent Account No.]	AAACT2803M
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturers of Saleable Steel, Ferro Manganese, Charge Chrome, Welded Steel Tubes, Cold Rolled Strips, Seamless Tubes, Carbon and Alloy Steel Bearing Rings, Annular Forgings and Flanges, Metallurgical Machinery, Ammonium Sulphate, Ordinary Cement, Fortland Blast Furnace Slag Cement, Alloy Steel Ball Bearing Rings and Bearings.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (74)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a part of TATA Group; it has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing of iron ore and coal for its steel production. It is a well-established and reputed company having fine track record. Rating takes into account the financial flexibility enjoyed by TSL’s by virtue of being part of the Tata Group supported by its strong liquidity profile healthy financial base and favorable profitability indicators of the company. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term Bank Facilities = AA+
Rating Explanation	High degree of safety and very low credit risk.
Date	July 09, 2015

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 31-03-2013.

INFORMATION DENIED

Management Non Co-operative (Tel No.: 91-22-66658282)

LOCATIONS

Registered Office :	Bombay House, 24 - Homi Mody Street, Fort, Mumbai - 400 001, Maharashtra, India
Tel. No.:	91-22-66658282 / 66657279 / 66657306
Fax No.:	91-22-66657724 / 66657725 / 66658113
E-Mail :	tatasteelho@tata.com cosectisco@tata.com cosec@tatasteel.com p.sood@tatasteel.com
Website :	http://www.tata.com http://www.tatasteel.com
Corporate Office :	Design Call, 3^rd Floor, General Office, Tata Steel, Jamshedpur – 831 001, Jharkhand, India
Websites:	www.tatasteel.com
Commercial Head Offices:	Tata Centre, 43 Jawaharlal Nehru Road, Kolkata-700071, West Bengal, India
Tel. No.:	91-33-22887051/ 9251
Fax No.:	91-33-22882079
Sales Offices 1 :	3rd Floor, New India Assurance Building,  87, Mahatma Gandhi Road, Fort, Mumbai - 400 001, Maharashtra, India
Tel. No.:	91-22-2267 7313/ 2264 5985
Fax No.:	91-22-2261 9902
Sales Offices 2 :	Located at: Jamshedpur Guwahati Mumbai Ahmedabad Indore Nagpur Pune Aurangabad Faridabad Chadigarh Kanpur Ludhiana Jaipur Chennai Bangalore Secunderabad 52, Jawaharlal Nehru Road, Kolkata-700071 Tel. No.: 91-33-22887051/ 9251 Fax. No.: 91-33-22882079
Factory 1 :	Company’s Steel Works and Tubes Division\ Jamshedpur, Jharkhand, India
Factory 2 :	Bearings Division Kharagpur, West Bengal, India
Factory 3 :	Ferro Manganese Plant Joda, Odisha, India
Factory 4 :	Charge Chrome Plant Bamnipal, Odisha, India
Factory 5 :	Cold Rolling Complex Tarapur, Maharashtra, India
Factory 7 :	Tata Wire Limited - Division 16^th Floor, R Tech Park, Nirlon Complex, Opposite Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India Tarapur, Maharashtra, India Bengaluru, Karnataka, India
Factory 8:	Agrico Plant Indore, Madhya Pradesh, India
Factory 9 :	Tata Steel, Grouwth Shop, Aditya Pur Complex, P/o Ghamaria, Jharkhand – 832108, India
Tel. No.:	91-657-6511388 / 2387512
Overseas Offices:	Port Talbot, UK Scunthorpe, UK Rotherham, UK IJmuiden, Netherlands

DIRECTORS

As on 31.03.2015

Name :

Mr. Dinesh Kumar Mehrotra

Designation :

Director

Address:

C-1, Jeevan Jyot, Setalvad Lane, Nepean Sea Road, Mumbai - 400026, Maharashtra, India

Date of Appointment :

14.08.2013

DIN No.:

00142711

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	U65992MH2003PTC139955	LIC NOMURA Mutual Fund Trustee Company Private Limited	Director	26/07/2005	26/07/2005	16/05/2008	Active	NO
2	L26940MH1936PLC002515	ACC Limited	Nominee director	14/10/2005	14/10/2005	28/07/2011	Active	NO
3	U65990MH1987PLC044571	INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED	Nominee director	07/07/2011	02/05/2006	23/05/2013	Active	NO
4	L16005WB1910PLC001985	ITC LIMITED	Director	30/07/2013	26/05/2006	26/10/2013	Active	NO
5	L65922MH1989PLC052257	LIC HOUSING FINANCE LTD	Nominee director	20/07/2011	20/05/2008	01/08/2013	Active	NO
6	U85310MH2001PLC133341	LICHFL CARE HOMES LIMITED	Nominee director	26/06/2008	29/05/2008	05/08/2011	Active	NO
7	U65100DL2008PLC184790	LIC CARDS SERVICES LIMITED	Director	09/08/2011	11/11/2008	01/06/2013	Active	NO
8	U67190MH2008PTC179718	LICHFL TRUSTEE COMPANY PRIVATE LIMITED	Director	11/08/2010	11/08/2010	08/08/2011	Active	NO
9	U67190MH1994PLC077858	LIC NOMURA Mutual Fund Asset Management Company Limited.	Nominee director	18/06/2011	18/06/2011	01/06/2013	Active	NO
10	U66020MH2007PLC176066	LIC Pension Fund Limited	Nominee director	28/06/2011	28/06/2011	31/05/2013	Active	NO
11	U65900MH2008PLC178883	LICHFL ASSET MANAGEMENT COMPANY LIMITED	Nominee director	08/08/2011	08/08/2011	01/06/2013	Active	NO
12	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	14/08/2013	22/10/2012	-	Active	NO
13	L51909MH2002PLC135594	MULTI COMMODITY EXCHANGE OF INDIA LIMITED	Nominee director	03/07/2013	03/07/2013	-	Active	NO
14	U65910TN1988PTC015757	COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED	Director	20/08/2014	06/03/2014	-	Active	NO
15	U74900TN2011PLC080610	CAMS INSURANCE REPOSITORY SERVICES LIMITED	Director	30/07/2015	19/01/2015	-	Active	NO
16	U66010MH2000PLC128403	Tata AIA Life Insurance Company Limited	Additional director	12/02/2015	12/02/2015	-	Active	NO
17	U74999DL2007PLC277039	INDIAN ENERGY EXCHANGE LIMITED	Director	23/04/2015	30/03/2015	-	Active	NO
18	U65999MH2013PLC240078	NSE Strategic Investment Corporation Limited	Director	30/07/2015	31/03/2015	-	Active	NO

Name :

Mr. Om Prakash Bhatt

Designation :

Director

Address:

03, Ground Floor, Seagull, M L Dahanukar Marg, Mumbai - 400026, Maharashtra, India

Date of Appointment :

14.08.2014

DIN No.:

00548091

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	U74140DL1998PTC094577	GE CAPITAL BUSINESS PROCESS MANAGEMENT SERVICES PRIVATE LIMITED	Director	01/07/2006	01/07/2006	01/04/2011	Active	NO
2	U65999DL1998PTC093849	SBI CARDS AND PAYMENT SERVICES PRIVATE LIMITED.	Director	01/07/2006	01/07/2006	01/04/2011	Active	NO
3	U99999MH2000PLC129113	SBI LIFE INSURANCE COMPANY LIMITED	Director	01/07/2006	01/07/2006	31/03/2011	Active	NO
4	U65190MH1991PTC060503	SBI FACTORS AND COMMERCIAL SERVICES PRIVATE LIMITED	Nominee director	01/07/2006	01/07/2006	-	Amalgamated	NO
5	U67190MH2005PLC157240	SBICAP VENTURES LIMITED	Nominee director	01/07/2006	01/07/2006	01/04/2011	Active	NO
6	U65990MH1992PTC065289	SBI FUNDS MANAGEMENT PRIVATE LIMITED	Director	11/07/2006	11/07/2006	31/03/2011	Active	NO
7	U99999MH1986PLC040298	SBI CAPITAL MARKETS LIMITED	Nominee director	12/07/2006	12/07/2006	01/04/2011	Active	NO
8	U65910MH1988PLC046447	SBI DFHI LIMITED	Nominee director	14/07/2006	14/07/2006	19/04/2011	Active	NO
9	U91110MH1928GAP001391	INDIAN INSTITUTE OF BANKING AND FINANCE	Director	24/07/2006	24/07/2006	07/06/2011	Active	NO
10	U67200MH1972GOI016133	GENERAL INSURANCE CORPORATION OF INDIA	Director	05/09/2006	05/09/2006	05/09/2009	Active	NO
11	U65929MH2001PLC131203	SBI GLOBAL FACTORS LIMITED	Director	29/03/2008	29/03/2008	01/04/2011	Active	NO
12	U66020MH2007GOI176787	SBI PENSION FUNDS PRIVATE LIMITED	Director	14/06/2008	14/06/2008	01/04/2011	Active	NO
13	U74900MH2008PTC182269	SBI-SG Global Securities Services Private Limited	Director	31/08/2009	30/06/2008	31/03/2011	Active	NO
14	U66000MH2009PLC190546	SBI GENERAL INSURANCE COMPANY LIMITED	Nominee director	21/07/2010	17/03/2009	31/03/2011	Active	NO
15	L74899DL1993GOI054155	OIL AND NATURAL GAS CORPORATION LIMITED	Director	24/09/2012	14/12/2011	14/12/2014	Active	NO
16	L15140MH1933PLC002030	HINDUSTAN UNILEVER LIMITED	Director	30/06/2014	20/12/2011	-	Active	NO
17	L22210MH1995PLC084781	TATA CONSULTANCY SERVICES LIMITED	Director	27/06/2014	02/04/2012	-	Active	NO
18	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	14/08/2014	10/06/2013	-	Active	NO

Name :

Dr. Karl-Ulrich Koehler

Designation :

Managing Director and Chief Executive Officer

Address:

Adlerhorst 10, Mulheim, 45478, , Germany

Date of Appointment :

03.08.2011

DIN No.:

03319129

Name :

Mr. Viswanath Thachat Narendran

Designation :

Managing Director (Tata Steel India and South East Asia )

Address:

Bungalow No. 5, C Road Northern Town, Jamshedpur, 831001, Jharkhand, India

Date of Appointment :

14.08.2014

DIN No.:

03083605

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	U27109WB1997PLC084005	TATA STEEL PROCESSING AND DISTRIBUTION LIMITED	Nominee director	13/08/2010	04/05/2010	24/10/2013	Active	NO
2	L28112WB1920PLC003606	THE TINPLATE COMPANY OF INDIA LTD	Director	24/09/2010	07/05/2010	24/10/2013	Active	NO
3	U27310WB2011PTC160845	JAMSHEDPUR CONTINUOUS ANNEALING & PROCESSING COMPANY PRIVATE LIMITED	Director	17/03/2011	17/03/2011	17/09/2013	Active	NO
4	U45209PN2005PLC020270	Tata BlueScope Steel Limited	Director	22/05/2012	15/05/2012	28/10/2013	Active	NO
5	L27100MH1907PLC000260	TATA STEEL LIMITED	Managing director	14/08/2014	19/09/2013	-	Active	NO
6	U74900WB2013NPL197827	INDIAN IRON AND STEEL SECTOR SKILL COUNCIL	Director	19/12/2014	27/02/2014	-	Active	NO
7	U45201OR2006PLC008971	TATA STEEL SPECIAL ECONOMIC ZONE LIMITED	Director	29/09/2014	29/09/2014	-	Active

Name :

Mr. Jacobus Schraven

Designation :

Director

Address:

Nassauin 16, Den Haag, 2514JT, Netherlands

Date of Appointment :

14.08.2014

DIN No.:

01462126

Name :

Mr. Subodh Bhargava

Designation :

Director

Address:

A-15/1, DLF Phase-I, Gurgaon, 122002, Haryana, India

Date of Appointment :

14.08.2014

DIN No.:

00035672

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	U74140DL1999PLC099842	THOMASON ALUMNI CONSULTING TECHNOCRATS LIMITED	Director	20/05/1999	20/05/1999	-	Strike off	NO
2	U99999MH1986PTC062170	WARTSILA INDIA Private Limited	Director	02/05/2000	02/05/2000	29/06/2010	Active	NO
3	U72200TN2000PTC044317	APA ENGINEERING PRIVATE LIMITED	Director	05/05/2000	05/05/2000	24/04/2006	Active	NO
4	L51909DL1986PLC024222	SAMTEL COLOR LIMITED	Director	24/05/2000	24/05/2000	25/08/2011	Active	NO
5	L34103TN1967PLC005539	RANE ENGINE VALVES LIMITED	Director	02/06/2000	02/06/2000	-	Amalgamated	NO
6	U26101RJ1986PLC008852	SAMTEL GLASS LIMITED	Director	06/06/2000	06/06/2000	01/10/2007	Active	NO
7	L29224TN1954PLC000318	CARBORUNDUM UNIVERSAL LIMITED	Director	30/10/2000	30/10/2000	30/07/2013	Active	NO
8	L74210JH1962PLC000700	TRF LIMITED.	Director	02/08/2014	30/10/2000	-	Active	NO
9	U74999DL1990PLC041398	DCM ENGINEERING LIMITED	Director	23/06/2001	23/06/2001	06/09/2008	Active	NO
10	L64200MH1986PLC039266	Tata Communications Limited	Director	04/08/2014	15/05/2002	-	Active	NO
11	L18101DL1970PLC005197	SRF LIMITED	Director	20/04/2004	20/04/2004	25/07/2012	Active	NO
12	L52320MH1941PLC003494	BATLIBOI LIMITED	Director	01/08/2014	22/04/2004	-	Active	NO
13	L24231PB1958PLC002257	GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED	Director	01/05/2013	30/04/2004	-	Active	NO
14	U72200WB2000PTC130244	SHEKHAR INFOTECH PRIVATE LIMITED.	Director	08/05/2006	08/05/2006	23/10/2009	Active	NO
15	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	14/08/2014	29/05/2006	-	Active	NO
16	L65910DL1986GOI024862	POWER FINANCE CORPORATION LIMITED	Director	29/06/2006	29/06/2006	28/06/2009	Active	NO
17	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Director	22/08/2014	03/07/2007	-	Active	NO
18	L74999TN1972PLC006127	RANE ENGINE VALVE LIMITED	Director	23/07/2008	06/02/2008	21/01/2009	Active	NO
19	L28920MH1945PLC004520	TATA MOTORS LIMITED	Director	31/07/2014	27/06/2008	-	Active	NO
20	U72200DL2004PLC228400	VIOM NETWORKS LIMITED	Director	09/09/2010	06/10/2009	01/02/2012	Active	NO
21	U51101WB2010PTC151218	BETA COMMERCIAL PRIVATE LIMITED	Additional director	29/09/2010	29/09/2010	-	Active	NO
22	U34101MH2006PLC164771	TATA MARCOPOLO MOTORS LIMITED	Director	28/07/2015	31/03/2015	-	Active	NO
23	U85191MH2015NPL266774	INTERNATIONAL INSTITUTE OF CSR FOUNDATION	Director	22/07/2015	22/07/2015	-	Active	NO

Name :

Mr. Koushik Chatterjee

Designation :

Executive Director and Group Chief Financial Officer

Address:

NCPA Residential Apts. A Wing, 22nd Floor , Flat No. 221 , Nariman Point, Mumbai - 400021, Maharashtra, India

Date of Appointment :

14.08.2013

DIN No.:

00004989

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	U26921OR1958PLC000349	TRL Krosaki Refractories Limited	Director	02/07/2002	02/07/2002	29/02/2008	Active	NO
2	U67120MH1988PLC049872	RUJUVALIKA INVESTMENTS LIMITED	Director	02/08/2004	02/08/2004	12/12/2011	Active	NO
3	U65990MH1983PLC030848	KALIMATI INVESTMENT COMPANY LTD	Director	02/08/2004	02/08/2004	12/12/2011	Amalgamated	NO
4	U51909MH1957PLC010942	TATA SERVICES LIMITED	Director	15/09/2004	15/09/2004	30/01/2014	Active	NO
5	L28112WB1920PLC003606	THE TINPLATE COMPANY OF INDIA LTD	Director	25/10/2004	25/10/2004	-	Active	NO
6	U45205OR1998PLC005448	THE DHAMRA PORT COMPANY LIMITED	Director	06/05/2005	06/05/2005	18/02/2008	Active	NO
7	L27310WB1990PLC050000	TATA METALIKS LTD.	Director	15/09/2009	24/07/2009	-	Active	NO
8	U27205MH2009PLC195034	Centennial Steel Company Limited	Director	19/08/2009	19/08/2009	-	Amalgamated	NO
9	U27310MH2012PLC232512	Tata Steel Odisha Limited	Director	22/06/2012	22/06/2012	-	Active	NO
10	L27100MH1907PLC000260	TATA STEEL LIMITED	Whole-time director	14/08/2013	09/11/2012	-	Active	NO
11	U45201OR2006PLC008971	TATA STEEL SPECIAL ECONOMIC ZONE LIMITED	Director	29/09/2014	29/09/2014	-	Active	NO

Name :

Mr. Andrew Robb

Designation :

Director

Address:

16, Hillgate Place, London, W87SJ, United Kingdom

Date of Appointment :

12.08.2015

DIN No.:

01911023

Name :

Mrs. Mallika Srinivasan

Designation :

Director

Address:

Westside House, 3, Adyar Club Gate Road, Chennai - 600028, Tamil Nadu, India

Date of Appointment :

14.08.2014

DIN No.:

00037022

Name :

Mr. Cyrus Pallonji Mistry

Designation :

Chairman

Address:

Sterling Bay, 103, Walkeshwar Road,, Walkeshwar, Mumbai - 400006, Maharashtra, India

Date of Appointment :

28.12.2012

DIN No.:

00010178

Name :

Mr. Nusli Neville Wadia

Designation :

Director

Address:

Beach House, P. Balu Marg, Prabhadevi, Mumbai, 400025, Maharashtra, India

Date of Appointment :

14.08.2014

DIN No.:

00015731

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	L17120MH1879PLC000037	THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED	Director	04/04/1968	04/04/1968	-	Active	NO
2	U74220MH1960PLC011691	WADIA TECHNO - ENGINEERING SERVICES LIMITED	Director	06/04/1974	06/04/1974	-	Active	NO
3	L99999GJ1975PLC002859	ATUL LIMITED	Director	22/03/1978	22/03/1978	01/06/2009	Active	NO
4	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	14/08/2014	29/08/1979	-	Active	NO
5	L99999MH1863PLC000002	BOMBAY BURMAH TRADING CORPORATION LIMITED	Director	28/10/1980	28/10/1980	-	Active	NO
6	L24239MH1939PLC002893	TATA CHEMICALS LIMITED	Director	21/08/2014	26/06/1981	-	Active	NO
7	U51900MH1944PLC004225	NOWROSJEE WADIA AND SONS LIMITED	Managing director	03/03/1986	03/03/1986	30/06/2007	Active	NO
8	U91110MH1990PTC055084	TRISTAR CHARITABLE FOUNDATION	Director	20/02/1990	20/02/1990	-	Active	NO
9	U91110MH1990NPL055085	GOODEED CHARITABLE FOUNDATION	Director	20/02/1990	20/02/1990	-	Active	NO
10	L15412WB1918PLC002964	BRITANNIA INDUSTRIES LTD	Director	05/09/1993	05/09/1993	-	Active	NO
11	U74999MH1991PLC059856	WADIA BSN INDIA LIMITED	Director	27/09/1993	27/09/1993	12/02/2009	Active	NO
12	L28920MH1945PLC004520	TATA MOTORS LIMITED	Director	31/07/2014	22/12/1998	-	Active	NO
13	U15201WB2002PTC191511	BRITANNIA DAIRY PRIVATE LIMITED	Director	26/03/2002	26/03/2002	10/11/2010	Active	NO
14	U63013DL2004PLC217305	GO AIRLINES (INDIA) LIMITED	Director	29/07/2005	01/06/2004	-	Active	NO
15	U65990MH1988PTC048388	GO INVESTMENTS & TRADING PRIVATE LIMITED	Director	30/09/2011	11/02/2011	-	Active	NO

Name :

Mr. Ishaat Hussain

Designation :

Director

Address:

222-A NCPA Apartments, Nariman Point, Mumbai - 400021, Maharashtra, India

Date of Appointment :

15.07.1999

DIN No.:

00027891

KEY EXECUTIVES

Name :	Mr. Parvatheesam Kanchinadham
Designation :	Company Secretary
Address:	18, Steel House,, 92, G Road, Marine Drive, Mumbai - 400002, Maharashtra, India
Date of Appointment :	12.01.2015
PAN No.:	AGRPK4646B
Name :	Mr. Koushik Chattrejee
Designation :	NCPA Residential Apartments, A Wing, 22nd Floor, Flat No.221, Nariman Point, Mumbai - 400021, Maharashtra, India
Address:	Chief Executive Officer
Date of Appointment :	14.05.2014
PAN No.:	AETPC4136N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.06.2015

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	303482902	31.88
Any Others (Specify)	1031460	0.11
Trusts	1031460	0.11
Sub Total	304514362	31.99
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	304514362	31.99
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	47779972	5.02
Financial Institutions / Banks	4812824	0.51
Central Government / State Government(s)	121659	0.01
Insurance Companies	204417783	21.47
Foreign Institutional Investors	120015232	12.61
Any Others (Specify)	22072892	2.32
Others	32916	0.00
Others	3450	0.00
Others	20531486	2.16
Others	1505040	0.16
Sub Total	399220362	41.94
(2) Non-Institutions
Bodies Corporate	27745977	2.91
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	190873443	20.05
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	29569241	3.11
Any Others (Specify)	5625	0.00
Others	5625	0.00
Sub Total	248194286	26.07
Total Public shareholding (B)	647414648	68.01
Total (A)+(B)	951929010	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	19286429	0.00
Sub Total	19286429	0.00
Total (A)+(B)+(C)	971215439	0.00

BUSINESS DETAILS

Line of Business :	Manufacturers of Saleable Steel, Ferro Manganese, Charge Chrome, Welded Steel Tubes, Cold Rolled Strips, Seamless Tubes, Carbon and Alloy Steel Bearing Rings, Annular Forgings and Flanges, Metallurgical Machinery, Ammonium Sulphate, Ordinary Cement, Fortland Blast Furnace Slag Cement, Alloy Steel Ball Bearing Rings and Bearings.
Products :	Saleable Steel Ferro Manganese Charge Chrome Welded Steel Tubes Cold Rolled Strips Seamless Tubes Carbon and Alloy Steel Bearing Rings Annular Forgings and Flanges Metallurgical Machinery Ammonium Sulphate Ordinary Cement Fortland Blast Furnace Slag Cement Alloy Steel Ball Bearing Rings and Bearings
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

• State Bank of India
• Bank of America
• Central Bank of India
• Bank of Baroda
• Canara bank
• Central Bank of India
• Union Bank of India

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
(a) Term loan
(i) Joint Plant Committee – Steel Development Fund1(a)	22323.600	21255.500
Short-term borrowings
Repayable on demand from Bank	2.800	0.000
Total	22326.400	21255.500
Note: (1) Details of outstanding secured borrowings are as follows: (a) Loan from Joint Plant Committee – Steel Development Fund which includes funded interest ` 593.03 crores (31.03.2014: Rs. 4883.200 Million). It is repayable in 16 equal semi-annual installments after completion of 4 years from the date of receipt of the last tranche. It is secured by mortgages on, all present and future immovable properties wherever situated and hypothecation of movable assets, excluding land and building mortgaged in favour of Government of India under the deed of mortgage dated 13th April, 1967 and in favour of Government of Bihar under two deeds of mortgage dated 11th May, 1963, immovable properties and movable assets of the Tube Division, Bearing Division, Ferro Alloys Division and Cold Rolling Complex (West) at Tarapur and all investments and book debts of the Company subject to the prior charges created and/or to be created in favour of the bankers for securing borrowing for the working capital requirement and charges created and/or to be created on specific items of machinery and equipment procured/to be procured under Deferred Payment schemes/Bill Re-discounting schemes/Asset Credit schemes. The Company has filed a writ petition before the High Court at Kolkata in February 2006 claiming waiver of the outstanding loan and interest and refund of the balance lying with Steel Development Fund and the matter is sub-judice. Loan from the Joint Plant Committee-Steel Development Fund includes Rs. 16393.300 Million (31.03.2014: Rs. 1,5997.300 Million) representing repayments and interest on earlier loans for which applications of funding are awaiting sanction is not secured by charge on movable assets of the Company.

Auditors :
Name :	Messrs Deloitte Haskin and Sells LLP Chartered Accountants
Address :	Indiabulls Finance Centre Tower 3, 27^th – 32^nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India
Tel No.:	91-22-61854000
Fax No.:	91-22-61854101
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries :	i) ABJA Investment Co. Pte. Limited.* Singapore ii) Adityapur Toll Bridge Company Limited India iii) Bangla Steel and Mining Co. Limited. Bangladesh iv) Gopalpur Special Economic Zone Limited India v) Indian Steel and Wire Products Limited India vi) Jamshedpur Continuous Annealing and Processing Company Private Limited India vii) Jamshedpur Utilities and Services Company Limited India 1. Haldia Water Management Limited India 2. Naba Diganta Water Management Limited India 3. SEZ Adityapur Limited India viii) Kalimati Investment Company Limited India ix) Lanka Special Steels Limited Sri Lanka x) NatSteel Asia Pte. Limited Singapore 1. Tata Steel Asia (Hong Kong) Limited Hong Kong SAR 2. Tata Steel Resources Australia Pty. Limited Australia xi) T M Mining Company Limited India xii) T S Alloys Limited India xiii) Tata Incorporated USA xiv) Tata Korf Engineering Services Limited India xv) Tata Metaliks Limited India 1. Tata Metaliks Di Pipes Limited India xvi) Tata Sponge Iron Limited India 1. TSIL Energy Limited India xvii) Tata Steel (KZN) (Pty) Limited South Africa xviii) Tata Steel Holdings Pte. Limited Singapore 1. Tata Steel Global Holdings Pte Limited Singapore I. Orchid Netherlands (No.1) B.V. Netherlands II. NatSteel Holdings Pte. Limited Singapore 1. Best Bar Pty. Limited Australia 2. Bestbar (Vic) Pty. Limited Australia 3. Burwill Trading Pte. Limited Singapore 4. Easteel Construction Services Pte. Limited Singapore 5. Easteel Services (M) Sdn. Bhd. Malaysia 6. Eastern Steel Fabricators Phillipines, Inc. Philippines 7. Eastern Steel Services Pte. Limited Singapore 8. Eastern Wire Pte. Limited Singapore 9 NatSteel (Xiamen) Limited China 10. NatSteel Asia (S) Pte. Limited Singapore 11. NatSteel Australia Pty. Limited Australia 12. NatSteel Equity IV Pte. Limited Singapore 13. NatSteel Recycling Pte Limited Singapore 14. NatSteel Trade International (Shanghai) Company Limited China 15. NatSteel Trade International Pte. Limited Singapore 16. NatSteel Vina Co. Limited Vietnam 17. PT Material Recycling Indonesia* Indonesia 18. The Siam Industrial Wire Company Limited Thailand 19. TSN Wires Co., Limited Thailand III. Tata Steel Europe Limited UK 1. Almana Steel Dubai (Jersey) Limited Jersey 2. Apollo Metals Limited USA 3. Ashorne Hill Management College UK 4. Augusta Grundstucks GmbH Germany 5. Automotive Laser Technologies Limited UK 6. B S Pension Fund Trustee Limited UK 7. Bailey Steels Limited* UK 8. Beheermaatschappij Industriele Produkten B.V. Netherlands 9. Belfin Beheermaatschappij B.V. Netherlands 10. Bell and Harwood Limited UK 11. Blastmega Limited UK 12. Blume Stahlservice GmbH Germany 13. Blume Stahlservice Polska Sp.Z.O.O Poland 14. Bore Samson Group Limited UK 15. Bore Steel Limited UK 16. British Guide Rails Limited UK 17. British Steel Corporation Limited UK 18. British Steel De Mexico S.A. de C.V. Mexico 19. British Steel Directors (Nominees) Limited UK 20. British Steel Employee Share Ownership Trustees Limited UK 21. British Steel Engineering Steels (Exports) Limited UK 22. British Steel Nederland International B.V. Netherlands 23. British Steel Samson Limited UK 24. British Steel Service Centres Limited UK 25. British Steel Tubes Exports Limited* UK 26. British Tubes Stockholding Limited UK 27. Bs Quest Trustee Limited UK 28. Burgdorfer Grundstuecks GmbH Germany 29. C V Benine Netherlands 30. C Walker and Sons Limited UK 31. Catnic GmbH Germany 32. Catnic Limited UK 33. Cbs Investissements SAS France 34. Cladding and Decking (UK) Limited UK 35. Cogent Power Inc. Canada 36. Cogent Power SA DE CV Mexico 37. Cogent Power Inc. USA 38. Cogent Power Limited UK 39. Color Steels Limited UK 40. Corbeil Les Rives SCI France 41. Corby (Northants) and District Water Co. UK 42. Cordor (Cand B) Limited UK 43. Corus Aluminium Verwaltungsgesellschaft Mbh Germany 44. Corus Beteiligungs GmbH Germany 45. Corus Building Systems Bulgaria AD Bulgaria 46. Corus Building Systems N.V. Belgium 47. Corus Building Systems SAS France 48. Corus CNBV Investments UK 49. Corus Coatings Usa Inc. USA 50. Corus Cold drawn Tubes Limited UK 51. Corus Engineering Steels (UK) Limited UK 52. Corus Engineering Steels Holdings Limited UK 53. Corus Engineering Steels Limited UK 54. Corus Engineering Steels Overseas Holdings Limited UK 55. Corus Engineering Steels Pension Scheme Trustee Limited UK 56. Corus Group Limited UK 57. Corus Holdings Limited UK 58. Corus International (Overseas Holdings) Limited UK 59. Corus International Limited UK 60. Corus International Romania SRL. Romania 61. Corus Investments Limited UK 62. Corus Ireland Limited Ireland 63. Corus Large Diameter Pipes Limited UK 64. Corus Liaison Services (India) Limited UK 65. Corus Management Limited UK 66. Corus Packaging Plus Norway AS Norway 67. Cogent Power Electrical Steels Limited* UK 68. Corus Primary Aluminium B.V. Netherlands 69. Corus Properties (Germany) Limited UK 70. Corus Property UK 71. Corus Republic Of Ireland Subsidiaries Pension Scheme Trustee Limited Ireland 72. Corus Service Center Milano Spa* Italy 73. Corus Service Centre Limited N Ireland 74. Corus Sheet and Tube Inc. USA 75. Corus Steel Service STP LLC Russia 76. Corus Trico Holdings Inc. USA 77. Corus Tubes Poland Spolka Z.O.O Poland 78. Corus UK Healthcare Trustee Limited UK 79. Corus Ukraine LLC Ukraine 80. Cpn (85) Limited UK 81. Crucible Insurance Company Limited I of Man 82. Degels GmbH Germany 83. Demka B.V. Netherlands 84. Dsrm Group Plc. UK 85. Eric Olsson and Soner Forvaltnings AB Sweden 86. Esmil B.V. Netherlands 87. Euro-Laminations Limited* UK 88. Europressings Limited UK 89. Firsteel Group Limited UK 90. Firsteel Holdings Limited UK 91. Firsteel Strip Mill Products Limited UK 92. Fischer Profil GmbH Germany 93. Gamble Simms Metals Limited Ireland 94. Grant Lyon Eagre Limited UK 95. H E Samson Limited UK 96. Hadfields Holdings Limited UK 97. Hammermega Limited UK 98. Harrowmills Properties Limited UK 99. Hille and Muller GmbH Germany 100. Hille and Muller Usa Inc. USA 101. Hoogovens (UK) Limited UK 102. Hoogovens Aluminium UK Limited UK 103. Hoogovens Finance B.V. Netherlands 104. Hoogovens Usa Inc. USA 105. Huizenbezit “Breesaap” B.V. Netherlands 106. Ickles Cottage Trust UK 107. Immobilliere De Construction De Maubeuge Et Louvroil SAS France 108. Inter Metal Distribution SAS France 109. Kalzip Asia Pte Limited Singapore 110. Kalzip FZE UAE 111. Kalzip GmbH Germany 112. Kalzip GmbH Austria 113. Kalzip Guangzhou Limited China 114. Kalzip Inc USA 115. Kalzip India Private Limited India 116. Kalzip Italy SRL Italy 117. Kalzip Limited UK 118. Kalzip Spain S.L.U. Spain 119. Layde Steel S.L. Spain 120. Lister Tubes Limited Ireland 121. London Works Steel Company Limited UK 122. Midland Steel Supplies Limited UK 123. Mistbury Investments Limited UK 124. Montana Bausysteme AG Switzerland 125. Myriad Deutschland GmbH Germany 126. Myriad Espana Sl Spain 127. Myriad Nederland B.V. Netherlands 128. Namascor B.V. Netherlands 129. Nationwide Steelstock Limited UK 130. Oostflank B.V.* Netherlands 131. Orb Electrical Steels Limited UK 132. Ore Carriers Limited UK 133. Oremco Inc. USA 134. Plated Strip International Limited UK 135. Precoat International Limited UK 136. Precoat Limited UK 137. Rafferty-Brown Steel Co Inc Of Conn. USA 138. Richard Thomas And Baldwins 1978. Limited* New Zealand 139. Round Oak Steelworks Limited UK 140. Runblast Limited UK 141. Runmega Limited UK 142. S A B Profiel B.V. Netherlands 143. S A B Profil GmbH Germany 144. Scrap Processing Holding B.V. Netherlands 145. Seamless Tubes Limited UK 146. Service Center Gelsenkirchen GmbH Germany 147. Service Centre Maastricht B.V. Netherlands 148. SIA Corus Building Systems Latvia 149. Simiop Investments Limited* UK 150. Simiop Limited* UK 151. Skruv Erik AB Sweden 152. Societe Europeenne De Galvanisation (Segal) Sa Belgium 153. Staalverwerking En Handel B.V. Netherlands 154. Stainless Velsen-Noord BV Netherlands 155. Steel StockHoldings Limited UK 156. Steelstock Limited UK 157. Stewarts and Lloyds Of Ireland Limited Ireland 158. Stewarts And Lloyds (Overseas) Limited UK 159. Stocksbridge Works Cottage Trust Limited UK 160. Stuwadoorsbedrijf Velserkom B.V.* Netherlands 161. Surahammar Bruks AB Sweden 162. Swinden Housing Association UK 163. Tata Steel Belgium Packaging Steels N.V. Belgium 164. Tata Steel Belgium Services N.V. Belgium 165. Tata Steel Denmark Byggsystemer A/S Denmark 166. Tata Steel Europe Distribution BV Netherlands 167. Tata Steel Europe Metals Trading BV Netherlands 168. Tata Steel France Batiment et Systemes SAS France 169. Tata Steel France Holdings SAS France 170. Tata Steel France Rail SA France 171. Tata Steel Germany GmbH Germany 172. Tata Steel Hungary LLC* Hungary 173. Tata Steel Ijmuiden BV Netherlands 174. Tata Steel International (Americas) Holdings Inc USA 175. Tata Steel International (Americas) Inc USA 176. Tata Steel International (Australasia) Limited New Zealand 177. Tata Steel International (Benelux) BV Netherlands 178. Tata Steel International (Canada) Holdings Inc Canada 179. Tata Steel International Czech (Czech Republic) S.R.O Republic 180. Tata Steel International (Denmark) A/S Denmark 181. Tata Steel International (Finland) OY Finland 182. Tata Steel International (France) SAS France 183. Tata Steel International (Germany) GmbH Germany 184. Tata Steel International (South America) Representações LIMITEDA Brazil 185. Tata Steel International Hellas SA Greece 186. Tata Steel International (Italia) SRL Italy 187. Tata Steel International (Middle East) FZE UAE 188. Tata Steel International (Nigeria) Limited Nigeria 189. Tata Steel International (Poland) sp Zoo Poland 190. Tata Steel International (Schweiz) AG Switzerland 191. Tata Steel International (Sweden) AB Sweden 192. Tata Steel International (India) Limited India 193. Tata Steel International Iberica SA Spain 194. Tata Steel Istanbul Metal Sanayi ve Ticaret AS Turkey 195. Tata Steel Logistics and Shipping BV Netherlands 196. Tata Steel Maubeuge SAS France 197. Tata Steel Nederland BV Netherlands 198. Tata Steel Nederland Consulting and Technical Services BV Netherlands 199. Tata Steel Nederland Investment BV Netherlands 200. Tata Steel Nederland Perfo BV Netherlands 201. Tata Steel Nederland Services BV Netherlands 202. Tata Steel Nederland Star-Frame BV Netherlands 203. Tata Steel Nederland Technology BV Netherlands 204. Tata Steel Nederland Tubes BV Netherlands 205. Tata Steel Netherlands Holdings B.V. Netherlands 206. Tata Steel Norway Byggsystemer A/S Norway 207. Tata Steel Speciality Service Centre Suzhou Co. Limited China 208. Tata Steel Sweden Byggsystem AB Sweden 209. Tata Steel Speciality Service Centre Xian Co. Limited China 210. Tata Steel UK Consulting Limited UK 211. Tata Steel UK Holdings Limited UK 212. Tata Steel UK Limited UK 213. Tata Steel UK Rail Consultancy Limited UK 214. Tata Steel Usa Inc. USA 215. The Newport And South Wales Tube Company Limited UK 216. The Stanton Housing Company Limited UK 217. The Steel Company Of Ireland Limited Ireland 218. The Templeborough Rolling Mills Limited UK 219. Thomas Processing Company USA 220. Thomas Steel Strip Corp. USA 221. Tinsley Trailers Limited* UK 222. Toronto Industrial Fabrications Limited UK 223. Trierer Walzwerk GmbH Germany 224. Tulip UK Holdings (No.2) Limited UK 225. Tulip UK Holdings (No.3) Limited UK 226. Tuscaloosa Steel Corporation USA 227. U.E.S. Bright Bar Limited UK 228. UK Steel Enterprise Limited UK 229. Ukse Fund Managers (General Partner) Limited UK 230. Ukse Fund Managers Limited UK 231. Unitol SAS France 232. Walker Manufacturing And Investments Limited UK 233. Walkersteelstock Ireland Limited Ireland 234. Walkersteelstock Limited UK 235. Westwood Steel Services Limited UK 236. Whitehead (Narrow Strip) Limited UK IV. Tata Steel Global Minerals Holdings Pte Limited Singapore 1. Al Rimal Mining LLC Oman 2. Black Ginger 461 (Proprietary) Limited South Africa 3. Howse Minerals Limited * Canada 4. Kalimati Coal Company Pty. Limited Australia 5. Sedibeng Iron Ore Pty. Limited South Africa 6. Tata Steel Cote D’ Ivoire S.A Ivory Coast 7. Tata Steel Minerals UK Limited UK 8. Tata Steel Minerals Canada Limited Canada 9. T S Canada Capital Limited Canada V. Tata Steel International (Singapore) Holdings Pte. Limited Singapore 1. TSIA Holdings (Thailand) Limited Thailand 2. Tata Steel International (Shanghai) Limited China 3. Tata Steel International (Malaysia) Sdn. Bhd. Malaysia 4. Tata Steel International (Thailand) Limited Thailand 5. Tata Steel International (Singapore) Pte. Limited Singapore 6. Tata Steel International (Asia) Limited Hong Kong SAR VI. Tata Steel (Thailand) Public Company Limited Thailand 1. N.T.S Steel Group Plc. Thailand 2. The Siam Construction Steel Co. Limited Thailand 3. The Siam Iron And Steel (2001) Co. Limited Thailand VII. Tata Steel Global Procurement Company Pte. Limited Singapore 1. ProCo Issuer Pte. Limited Singapore xix) Tata Steel Odisha Limited India xx) Tata Steel Processing and Distribution Limited India xxi) Tayo Rolls Limited India xxii) TM International Logistics Limited India 1. International Shipping and Logistics FZE UAE 2. TKM Global China Limited China 3. TKM Global GmbH Germany 4. TKM Global Logistics Limited India 5. TM Harbour Services Private Limited India xxiii) The Tata Pigments Limited India xxiv) The Tinplate Company of India Limited India
Joint Venture Company :	i) Tata Steel Limited 1. Bhubaneshwar Power Private Limited India 2. Himalaya Steel Mills Services Private Limited India 3. mjunction services Limited India 4. S and T Mining Company Private Limited India 5. Tata BlueScope Steel Limited India 6. Tata NYK Shipping Pte Limited Singapore 7. The Dhamra Port Company Limited India ii) Tata Steel Holdings Pte. Limited 1. TVSC Construction Steel Hong Kong Solutions Limited, Hong Kong I. Tata Steel Europe Limited 1. Afon Tinplate Company Limited UK 2. Air Products Llanwern Limited UK 3. Bsr Pipeline Services Limited UK 4. Caparo Merchant Bar Plc UK 5. Corus Kalpinis Simos Cladding Industry SA Greece 6. Danieli Corus Technical Services B.V. Netherlands 7. Fabsec Limited UK 8. Industrial Rail Services Ijmond B.V. Netherlands 9. Laura Metaal Holding B.V. Netherlands 10. Norsk Stal AS Norway 11. Norsk Stal Tynnplater AS Norway 12. Ravenscraig Limited UK 13. Redcar Bulk Terminal Limited UK 14. Tata Elastron Steel Service Center SA Greece 15. Tata Steel Ticaret AS Turkey 16. Texturing Technology Limited UK II. Tata Steel Global Minerals Holdings Pte. Limited 1. Minas De Benga Mauritius Limited (Mauritius)
Associates :	I) Tata Steel Limited, India 1. Industrial Energy Limited India 2. Jamipol Limited India 3. Kalinga Aquatics Limited India 4. Kumardhubi Fireclay and Silica Works Limited India 5. Kumardhubi Metal Casting and Engineering Limited India 6. Nicco Jubilee Park Limited India 7. Rujuvalika Investments Limited India 8. Strategic Energy Technology Systems Private Limited India 9. Tata Construction and Projects Limited India 10. TRL Krosaki Refractories Limited India 11. TRF Limited India 12. Malusha Travels Private Limited, India 13. Mohar Export Services Private Limited, India II) Tata Steel Holdings Pte. Limited a) Tata Steel Global Holdings Pte Limited i) Tata Steel International (Singapore) Holdings Pte. Limited European Profi les (M) Sdn. Bhd. ii). Tata Steel Europe Limited Albi Profi ls SRL, France Appleby Frodingham Cottage Trust Limited UK Cv Gasexpansie Ijmond, Netherlands Galvpro LP.*, USA GietWalsOnderhoudCombinatie B.V., Netherlands Hoogovens Court Roll Service Technologies VOF, Netherlands 7. Hoogovens Gan Multimedia S.A. De C.V, Mexico 8. ISSB Limited, UK 9. Trico LLC*, USA 10. Weirton/Hoogovens GP*, USA 11. Wupperman Staal Nederland B.V., Netherlands iii. Tata Steel Global Minerals Holdings Pte Limited New Millennium Iron Corp. III) Indian Steel and Wire Products Limited 1. Metal Corporation of India Limited
Promoters holding together with its subsidiary is more than 20% :	Tata Sons Limited

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
1750000000	Ordinary Shares	Rs.10/- each	Rs.17500.000 Million
350000000	"A" Ordinary Shares	Rs.10/- each	Rs.3500.000 Million
25000000	Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.2500.000 Million
600000000	Cumulative Convertible Preference Shares	Rs.100/- each	Rs.60000.000 Million
Total			Rs.83500.000 Million

Issued Capital:

No. of Shares	Type	Value	Amount
972126020	Ordinary Shares	Rs.10/- each	Rs.9712.100 Million
	(31.03.2014: 97,21,26,020 Ordinary Shares of ` 10 each)

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
971215439	Ordinary Shares	Rs.10/- each	Rs.9712.100 Million
	(31.03.2014: 97,12,15,405 Ordinary Shares of Rs. 10 each)
	Amount paid up on 3,89,516 Ordinary Shares forfeited	Rs.10/- each	Rs.2.000 Million
	(31.03.2014: 3,89,516 Shares of Rs.10 each)
	Total		Rs. 9714.100 Million

Additional information:

(1) The movement in subscribed and paid up share capital is set out below:

	No. of shares	Rs. in Million
Ordinary Shares of Rs.10 each
At beginning of the year	971215405	9712.100
Shares allotted during the year	34 (a)	--
Total	971215439	9712.100

(a) (i) 20 Ordinary Shares of face value Rs.10 per share allotted on 1st December, 2014 at a premium of Rs. 290 per share to shareholders whose shares were kept in abeyance in the Rights issue made in 2007.

(ii) 14 Ordinary Shares of face value 10 per share allotted on 1st December, 2014 at a premium of Rs. 590 per share to holders of Cumulative Convertible Preference Shares in the ratio of 6:1 on conversion whose shares were kept in abeyance in the Rights issue made in 2007.

(b) 176 Ordinary Shares of face value of Rs. 10 per share allotted on 11th March, 2014 at a premium of Rs.290 per share to shareholders whose shares were kept in abeyance in the Rights issue made in 2007.

(c) The balance Ordinary Shares kept in abeyance are 301183 (31.03.2014: 301218) in respect of Rights issue of 2007.

(2) Shareholders holding more than 5 percent shares in the Company:

Name of shareholders	No. of Ordinary Shares	%
Tata Sons Limited	288898245	29.75
Life Insurance Corporation of India	141739185	14.59

(3) Particulars of securities convertible into Ordinary Shares:

In November 2009, the Company had issued 5,469.35 numbers of 4.5% Foreign Currency Convertible Bonds (FCCBs) of face value USD 0.1 million each aggregating to USD 546.935 million. As on 30th September, 2014, these represented 4,33,51,989 (31.3.2014: 4,28,28,141) underlying shares and are convertible at any time on or after 31st December, 2009 and upto 11th November, 2014 by the holders of such FCCBs at a conversion price of Rs. 584.8845 per share (31.3.2014: Rs. 592.0385 per share) and at a fixed USD/INR conversion rate of 46.36.

Since, the FCCBs holders did not exercise the option of conversion until 11th November, 2014, the FCCBs were redeemed on 20th November, 2014 at an aggregate amount ` 3,381.22 crores.

(4) 17907847 shares (31.03.2014: 2,88,75,320 shares) of face value of Rs. 10 per share represent the shares underlying GDRs which were issued during 1994 and 2009. Each GDR represents one underlying Ordinary Share.

(5) The rights, powers and preferences relating to each class of share capital and the qualifications, limitations and restrictions thereof are contained in the Memorandum and Articles of Association of the Company. The principal rights are as follows:

A. Ordinary Shares of Rs. 10 each

(a) In respect of every Ordinary Share (whether fully paid or partly paid), voting right shall be in the same proportion as the capital paid up on such Ordinary Share bears to the total paid up Ordinary Capital of the Company.

(b) The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.

(c) In the event of liquidation, the shareholders of Ordinary Shares are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

B. ‘A’ Ordinary Shares of Rs.10 each

(a) (i) The holders of ‘A’ Ordinary Shares shall be entitled to such rights of voting and/or dividend and such other rights as per the terms of the issue of such shares, provided always that:

− in the case where a resolution is put to vote on a poll, such differential voting entitlement (excluding fractions, if any) will be applicable to holders of ‘A’ Ordinary Shares.

− in the case where a resolution is put to vote in the meeting and is to be decided on a show of hands, the holders of ‘A’ Ordinary Shares shall be entitled to the same number of votes as available to holders of Ordinary Shares.

(ii) The holders of Ordinary Shares and the holders of ‘A’ Ordinary Shares shall vote as a single class with respect to all matters submitted for voting by shareholders of the Company and shall exercise such votes in proportion to the voting rights attached to such shares including in relation to any scheme under Sections 391 to 394 of the Companies Act, 1956.

(b) The holders of ‘A’ Ordinary Shares shall be entitled to dividend on each ‘A’ Ordinary Share which may be equal to or higher than the amount per Ordinary Share declared by the Board for each Ordinary Share, and as may be specified at the time of the issue. Different series of ‘A’ Ordinary Shares may carry different entitlements to dividend to the extent permitted under applicable law and as prescribed under the terms applicable to such issue.

C. Preference Shares

The Company has two classes of preference shares i.e. Cumulative Redeemable Preference Shares (CRPS) of Rs.100 per share and Cumulative Convertible Preference Shares (CCPS) of Rs. 100 per share.

(a) Such shares shall confer on the holders thereof, the right to a fixed preferential dividend from the date of allotment, at a rate as may be determined by the Board at the time of the issue, on the capital for the time being paid up or credited as paid up thereon.

(b) Such shares shall rank for capital and dividend (including all dividend undeclared upto the commencement of winding up) and for repayment of capital in a winding up, pari passu inter se and in priority to the Ordinary Shares of the Company, but shall not confer any further or other right to participate either in profits or assets. However, in case of CCPS, such preferential rights shall automatically cease on conversion of these shares into Ordinary Shares.

(c) The holders of such shares shall have the right to receive all notices of general meetings of the Company but shall not confer on the holders thereof the right to vote at any meetings of the Company save to the extent and in the manner provided in the Companies Act, 1956, or any re-enactment thereof.

(d) CCPS shall be converted into Ordinary Shares as per the terms, determined by the Board at the time of issue; as and when converted, such Ordinary Shares shall rank pari passu with the then existing Ordinary Shares of the Company in all respects.

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	9714.100	9714.100	9714.100
(b) Reserves & Surplus	656924.800	601765.800	542382.700
(c) Money received against share warrants	0.000	0.000	0.000
(2) Hybrid Perpetual Securities	22750.000	22750.000	22750.000
Total Shareholders’ Funds (1) + (2)	689388.900	634229.900	574846.800
(3) Non-Current Liabilities
(a) long-term borrowings	239003.700	238080.900	235655.700
(b) Deferred tax liabilities (Net)	22504.100	20389.800	18437.400
(c) Other long term liabilities	10877.400	9835.200	3808.700
(d) long-term provisions	28759.200	19050.500	21134.200
Total Non-current Liabilities (3)	301144.400	287356.400	279036.000
(4) Current Liabilities
(a) Short term borrowings	348.800	436.900	709.400
(b) Trade payables	58019.800	82636.100	63636.600
(c) Other current liabilities	91115.200	86716.700	85097.900
(d) Short-term provisions	16754.100	19028.100	15442.600
Total Current Liabilities (4)	166237.900	188817.800	164886.500
TOTAL	1156771.200	1110404.100	1018769.300
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	250713.800	240644.300	246505.400
(ii) Intangible Assets	1771.400	2013.200	2245.100
(iii) Capital work-in-progress	230366.700	185094.000	87222.900
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	521642.400	523185.600	499848.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	31667.700	40800.700	65741.500
(e) Other Non-current assets	2117.500	3020.300	2157.900
Total Non-Current Assets	1038279.500	994758.100	903720.800
(2) Current assets
(a) Current investments	10000.800	23432.400	4340.000
(b) Inventories	80420.000	60078.100	52579.400
(c) Trade receivables	4914.600	7708.100	7969.200
(d) Cash and cash equivalents	4785.900	9611.600	21923.600
(e) Short-term loans and advances	17817.700	12992.000	22078.300
(f) Other current assets	552.700	1823.800	6158.000
Total Current Assets	118491.700	115646.000	115048.500
TOTAL	1156771.200	1110404.100	1018769.300

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	417850.000	417110.300	381994.300
	Other Income	5827.800	7876.400	9020.400
	TOTAL (A)	423677.800	424986.700	391014.700
Less	EXPENSES
	Cost of Materials Consumed	117078.300	96777.100	98774.000
	Purchases of Stock-in-Trade	6883.200	3526.300	4533.400
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(7451.700)	(1551.800)	(4046.000)
	Employees benefits expense	46019.200	36730.800	36022.700
	Expenditure transferred to Capital and Other Accounts	(5866.900)	(10299.200)	(8761.300)
	Exceptional Items	(18908.500)	1417.600	6745.300
	Other expenses	161099.900	163758.100	144209.100
	TOTAL (B)	298853.500	290358.900	277477.200
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	124824.300	134627.800	113537.500
Less	FINANCIAL EXPENSES (D)	19759.500	18205.800	18767.700
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	105064.800	116422.000	94769.800
Less/ Add	DEPRECIATION/ AMORTISATION (F)	19975.900	19287.000	16403.800
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	85088.900	97135.000	78366.000
Less	TAX (H)	20697.700	33013.100	27736.300
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	64391.200	64121.900	50629.700
	EARNINGS IN FOREIGN CURRENCY
	Export of steel and other materials	8837.900	20105.300	23410.800
	Interest received	787.700	250.300	251.700
	Others	258.200	3434.300	72.000
	TOTAL EARNINGS	9883.800	23789.900	23734.500
	IMPORTS
	Raw materials	75706.600	60111.700	56895.600
	Semi-finished products	3987.000	915.500	1328.000
	Components and Stores parts	6187.500	8695.900	8806.600
	Capital Goods	6962.100	28712.400	16544.600
	TOTAL IMPORTS	92843.200	98435.500	83574.800
	Earnings / (Loss) Per Share (Rs.)	64.49	64.21	50.28

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	42631.900	40654.800	38712.800
Cash generated from operations	69051.700	148800.400	130486.100
Net cash flow from operating activity	48518.900	124328.000	110686.700

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	15.41	15.37	13.25
Operating Profit Margin (PBIDT/Sales)	(%)	29.87	32.28	29.72
Return on Total Assets (PBT/Total Assets}	(%)	21.02	24.16	18.15
Return on Investment (ROI) (PBT/Networth)		0.12	0.15	0.14
Debt Equity Ratio (Total Debt /Networth)		0.41	0.44	0.48
Current Ratio (Current Asset/Current Liability)		0.71	0.61	0.70

STOCK PRICES

Face Value	Rs.10.00
Market Value	Rs. 252.35

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	9714.100	9714.100	9714.100
Reserves & Surplus	542382.700	601765.800	656924.800
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	22750.000	22750.000	22750.000
Net worth	574846.800	634229.900	689388.900
long-term borrowings	235655.700	238080.900	239003.700
Short term borrowings	709.400	436.900	348.800
Current Maturities Of Long-Term Debts	38712.800	40654.800	42631.900
Total borrowings	275077.900	279172.600	281984.400
Debt/Equity ratio	0.479	0.440	0.409

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	381994.300	417110.300	417850.000
		9.193	0.177

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	381994.300	417110.300	417850.000
Profit	50629.700	64121.900	64391.200
	13.25%	15.37%	15.41%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

LITIGATION DETAILS
Bench:- Bombay
Lodging No:-	CEXAL/225/2013	Failing Date:-	25.07.2013		Reg. No.:-	CEXA/195/2013	Reg. Date:-	09.10.2013
Petitioner:-	THE COMMISSIONER OF CENTRAL EXCIS		Respondent:-		TATA STEEL LIMITED (WIRE DIVISION)
Petn.Adv:-	J.B. MISHRA (0)			Resp.Adv.:	PDS LEGAL (0)
District:-	MUMBAI
Bench:-	DIVISION			Category:	CENTRAL EXCISE APPLICATION
Status:-	Admitted (Unready)		Stage:-		FRESH ADMISSION
Last Date:-	21.07.2014
Last Coram:-	HON’BLE SHRI JUSTICE S.C. DHARMADHIKARI HON’BLE SHRI JUSTICE B.P. COLABWALIA
Act:-	Central Excise and Salt Act			Under Section	35G

UNSECURED LOAN

Unsecured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
(a) Bonds/Debentures2(a)
(i) Non-convertible debentures	103633.000	113999.700
(b) Term loans
From banks2(b)	104557.100	94335.700
From financial institutions and others2(c)	8490.000	8490.000
Short-term borrowings
Others Loan	346.000	436.900
Total	217026.100	217262.300
Note : (2) Terms of repayment of outstanding unsecured borrowings are as follows: (a) Bonds/Debentures (i) 10.25% p.a. interest bearing 25,000 debentures of face value Rs. 10,00,000 each are redeemable at par in 3 equal annual installments commencing from 6th January, 2029. (ii) 10.25% p.a. interest bearing 5,000 debentures of face value Rs.10,00,000 each are redeemable at par in 3 equal annual installments commencing from 22nd December, 2028. (iii) 2.00% p.a. interest bearing 15,000 debentures of face value Rs. 10,00,000 each are redeemable at a premium of 85.03% of the face value on 23rd April, 2022. (iv) 9.15% p.a. interest bearing 5,000 debentures of face value Rs. 10,00,000 each are redeemable at par on 24^th January, 2021. (v) 11.00% p.a. interest bearing 15,000 debentures of face value Rs. 10,00,000 each are redeemable at par on 19^th May, 2019. (vi) 10.40% p.a. interest bearing 6,509 debentures of face value Rs. 10,00,000 each are redeemable at par on 15th May, 2019. (vii) 9.15% p.a. interest bearing 5,000 debentures of face value Rs. 10,00,000 each are redeemable at par on 24^th January, 2019. (viii) 12.50% p.a. interest bearing 12,500 debentures of face value Rs. 10,00,000 each, amounting to Rs.8333.300 Million are redeemable at par in 2 equal annual installments; the next installment is due on 19th November, 2015. (ix) 10.20% p.a. interest bearing 6,200 debentures of face value Rs. 10,00,000 each are redeemable at par on 7th May, 2015. b) Term loans from banks (i) USD 200.00 million equivalent to Rs. 12500.000 Million (31.03.2014: USD 200.00 million equivalent to Rs. 11980.000 Million) loan is repayable in 3 equal annual installments commencing from 11th March, 2018. (ii) Indian rupee loan amounting Rs. 70000.000 Million (31.03.2014: Rs. 20000.000 Million) is repayable in 34 quarterly installments commencing from 31st December, 2016 subject to achievement of financial closure of Kalinganagar project debt. (iii) Indian rupee loan amounting Rs. 10000.000 Million (31.03.2014: Rs. 15000.000 Million) is repayable in 3 semi-annual installments; the next installment is due on 30th April, 2016. (iv) JPY 988.09 million equivalent to Rs. 5148.000 Million (31.03.2014:JPY 10979.000 million equivalent to Rs. 637.100 Million) loan is repayable in 18 equal semi-annual installments; the next installment is due on 27th July, 2015. (v) Euro 37.83 million equivalent to Rs. 2541.700 Million (31.03.2014: Euro 43.23 million equivalent to Rs. 3566.800 Million) loan is repayable in 14 equal semi-annual installments; the next installment is due on 6th July, 2015. (vi) Euro 18.77 million equivalent to Rs. 1261.300 Million (31.03.2014: Euro 23.46 million equivalent to Rs. 1935.900 Million) loan is repayable in 8 equal semi-annual installments; the next installment is due on 1st July, 2015. (vii) USD 335.00 million equivalent to Rs. 20937.500 Million (31.03.2014: USD 335 million equivalent to 20066.500 Million) loan is repayable on 10th June, 2015. (viii) Euro 2.91 million equivalent to Rs. 195.500 Million (31.03.2014: Euro 3.88 million equivalent to Rs. 320.100 Million) loan is repayable in 6 equal semi-annual installments; the next installment is due on 2nd May, 2015. (ix) Euro 143.29 million equivalent to Rs. 9628.400 Million (31.03.2014: Euro 162.40 million equivalent to Rs. 1,3398.900 Million) loan is repayable in 15 equal semi-annual installments; the next installment is due on 30th April, 2015. (x) GBP 100.00 million equivalent to Rs. 9243.100 Million (31.03.2014: GBP 100 million equivalent to Rs. 9983.500 Million) loan is repayable on 4th April, 2015. (c) Term loans from financial institutions and others (i) Indian rupee loan amounting Rs. 6500.000 Million (31.03.2014: Rs. 6500.000 Million) is repayable on 16th June, 2019. (ii) Indian rupee loan amounting Rs. 1990.000 Million (31.03.2014: Rs. 1990.000 Million) is repayable on 30th June, 2016.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10523027	06/07/2015 *	5,767,500,000.00	POWER FINANCE CORPORATION LIMITED	'URJANIDHI', 1,BARAKHAMBA LANE,, CONNAUGHT PLACE,  , NEW DELHI, Delhi- 110001, INDIA	C60133899
2	10275985	22/03/2011	25,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI, Maharashtra - 400001, INDIA	B09107665
3	10284537	21/03/2011	5,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI, Maharashtra - 400001, INDIA	B09107228
4	10221539	23/03/2010	900,000,000.00	STATE BANK OF INDIA	CORPORATE ACCOUNTS GROUP BRANCH, 2ND FLOOR, RELIA  NCE HOUSE, 34 JAWAHARLAL NEHRU RD, KOLKATA, West Bengal - 700071, INDIA	A85590131
5	10162776	03/06/2009	15,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI- 400 001., Maharashtra - 400  001, INDIA	A64008121
6	10139603	22/01/2009	32,500,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI- 400 001., Maharashtra - 400001, INDIA	A55101307
7	10087868	31/03/2008 *	2,250,000,000.00	STATE BANK OF INDIA - LEAD BANK	CORPORATE ACCOUNTS GROUP BRANCH, 34, J L NEHRU RO  AD, KOLKATA, West Bengal - 700071, INDIA	A35934983
8	10022079	15/06/2010 *	20,000,000,000.00	STATE BANK OF INDIA	STATE BANK BHAVAN, MADAME CAMA ROAD, MUMBAI, Maharashtra - 400021, INDIA	A88501382
9	80032265	14/06/2007 *	3,370,000,000.00	STATE BANK OF INDIA (LEAD BANK)	CORPORATE ACCOUNTS GROUP BRANCH 2ND FLOOR, RELIAN  CE HOUSE, 34 J L NEHRU ROAD, KOLKATA, West Bengal  - 700071, INDIA	A18062745
10	90223392	21/03/2002 *	3,000,000,000.00	STATE BANK OF INDIA	CORPORATE ACCOUNTS GROUP BRANCH; 20TH FLOOR, EXPREE TOWER; NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA	-

PRESS RELEASES

Focusing Tata Steel's UK strip products business on higher-value markets 8/26/2015

Tata Steel today told employees at its South Wales-based Strip Products business of the need to reduce costs and focus on manufacturing higher-value products.

The company will concentrate UK production of hot rolled coil at its hot strip mill in Port Talbot which has benefited from quality and capacity upgrades and uses recovered energy sources from the steelworks.

Some coil processing facilities including the sibling hot strip mill at Llanwern, Newport, will come out of production but will be retained so they can be restarted in more favourable market conditions. The higher-cost Llanwern mill has ramped up and down on two occasions since 2009.

Tata Steel employees at the Llanwern mill will be redeployed within the business and the company will discuss possible impacts with contracting companies which provide services.

Stuart Wilkie, Director of Strip Products UK, said: "Tata Steel has invested upwards of £350 million to improve the steel industry in Wales in the past five years. In the teeth of a recession we rebuilt a blast furnace, improved the Port Talbot hot strip mill and upgraded the capabilities of our world-class galvanising line at Llanwern. We also built new steel processing technology at Llanwern – a site which will continue to specialise in finishing and distributing our steel products.

"In the past year, we have also been making positive improvements to our manufacturing capability and in developing higher-value new steel products for customers.

"But surging, and often unfairly traded, imports have combined with a strong pound to create a very challenging business environment. The changes we have told employees about will reduce our costs and enable us to focus on generating more value from our products, which will improve our competitiveness.

"We need to concentrate more on sales of differentiated products to key sectors including automotive, engineering, construction, packaging and consumer goods."

About Tata Steel's European operations

Tata Steel is Europe's second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction, automotive, packaging, rail, lifting & excavating, energy and aerospace. Tata Steel works with customers to develop new steel products that give them a competitive edge. The combined Tata Steel group is one of the world's largest steel producers, with a steel capacity of nearly 30 million tonnes and 80,000 employees across five continents.

FINANCIAL RESULTS

Note:

The Company recognised a non-cash write-down of goodwill and assets in the consolidated financial results in Q4 FY Rs.15 of Rs. 49510.000 Million mainly related to the Long Products UK business in Tata Steel Europe, which is now fully impaired. The impairment also included a write-down of investments in overseas raw materials projects in Mozambique and Ivory Coast and the Taconite iron ore project in Canada primarily because the economic viability of these projects remains uncertain at the current level of commodity prices. Additionally, the Company undertook a non-cash impairment charge of Rs.15770.000 Million in the first quarter of the Financial Year 2014-15 related to its investment in the Mozambique Coal Project. The total impairment charge for Financial Year 2014-15 is Rs. 63910.000 Million in the consolidated financial results after offsetting it with the reversal of impairments taken on account of Gopalpur land in the earlier years. The Company’s liquidity position and financial covenants are unaffected by the above non-cash write-down.

B. EXTERNAL ENVIRONMENT

Global Economic Outlook

Financial Year 2014-15 witnessed volatile markets as economies around the world, found themselves at various points in the economic cycle, with monetary easing being the predominant theme across many geographies. However, growth remained subdued globally, as adverse factors more than offset oil price decline, the quantitative easing in Europe and the growth in South-East Asia.

According to the International Monetary Fund, the global economy is expected to grow at ~3.4% in Financial Year 2015-16. This is due to the fact that slowdown in production in China and Russia is expected to be more than off set by recovery of the developed economies and growth in South-East Asia. However, currency movements and interest rates continue to be risks for growth in many regions.

Developed economies are expected to grow moderately. After posting stronger and broader growth at the end of 2014, the USA is carrying the momentum into 2015 with increased consumer spending and trade activity, falling unemployment rate and improved investor sentiment. Similarly, the Eurozone is improving amidst monetary uncertainty driven by a depreciating Euro and geo-political tensions with Greece, Russia and Ukraine in an environment of relatively loose monetary policy. While, the lower energy prices have helped improving consumer sentiment, the Euro continued to depreciate against the US$ sharply especially after the Swiss national bank removed Swiss Franc’s peg to the Euro. The European Commercial Bank (ECB) has exceeded market expectations with announced expanded quantitative easing programme which has boosted equity and bond markets.

Economic growth in South Asia is expected to be driven by strong consumption and increasing investment in the region. India is expected to be a major contributor to this growth as it is set to double its economic size by 2019 and see significant improvement in intensity of steel use per capita. China witnessed its slowest growth during 2014 in the last 25 years. The lower growth trend in China has adversely impacted commodity markets, including putting pressure on iron ore and steel prices.

Steel prices are now increasingly aligning to global export prices as markets strike a balance between imports and domestic demand. China’s waning demand and resultant rise in exports poses a risk to leveraging improving domestic demand in South Asia and Europe. Further, movement of currencies against US$ would also have a significant impact on the movement of global steel and raw material prices.

Outlook for India

Financial Year 2014-15 saw India emerge as a bright spark even as advanced and emerging economies grappled with uncertainty and slower growth. Economic growth in India peaked in the second quarter of the fical at 8.2% (under new series) but remained moderate in the third and fourth quarter at around 7.5%. Cyclical macro parameters like inflation, current account deficit have improved during the year due to domestic as well as external factors. Indian rupee was one of the best performers in the world, registering a 4% decline in value as against the US$ compared to the rest of the world grappling with devaluation of their currencies. However, domestic steel producers witnessed subdued sales as increased imports from China and Russia resulted in sharp cut to steel prices in India over the past six months.

The Indian economy is in the midst of significant structural change and is expected to embark on a sustained economic growth cycle. According to World Bank, India is set to be the world’s fastest growing major economy in the Financial Year 2015-16 at 7.5% and gradually move up to 8% in the next two financial years. However, this economic growth will depend on steady implementation of reforms aimed to improve productivity and competitiveness. Government initiatives like Make in India' will stimulate manufacturing growth while its focus on infrastructure should revive the investment cycle. This should help India grow while being fiscally prudent. States are also expected to play a key part in GDP growth due to their increased finances via greater share of government taxes, coal auctions etc.

Indian steel demand is expected to reflect improving macro-economic environment. Steel end use sectors are expected to perform better compared to previous financial year. Infrastructure projects like dedicated freight corridor etc, are gaining momentum and the steady decline in stalled projects coupled with hike in import duty in both flat and long products should stimulate steel demand. Recent weakness in Indian rupee has also helped competitiveness of domestic steel players. However, steel prices are expected to remain under pressure from Chinese exports and increased domestic competitiveness.

Outlook for Europe

European economy is displaying increasing signs of recovery although it is regional and is still constrained by weak investment activity and high unemployment. Geo-political instability, capital flow volatility and deflation risk continue to exist but the impact of these risks has come down. On account of this, European steel demand is expected to be modest in 2015 following the decline experienced in the second half of the Financial Year 2014-15. Forecast suggest demand to grow in the region of 2% in 2015 considering the positive effects of the weaker Euro. At 150 million tonnes, however, European demand in 2015 would still be around 25% down on the pre-crisis peak and 10% below the pre-crisis norm of around 165 million tonnes.

Market spreads for steel in Europe improved marginally in 2014 on the back of the sharp drop in raw materials prices. However, overcapacity in China and slowdown in domestic demand, led to a 50% increase in Chinese exports to the rest of the world and put pressure on global steel prices. In 2015, steel margins are expected to remain under pressure and steelmakers to focus on operational efficiencies and value addition to customers.

C. OPERATIONS AND PERFORMANCE

Tata Steel Group

The Tata Steel Group recorded total deliveries of 26.300 million tonnes in Financial Year 2014-15 as compared to 26.600 million tonnes during the previous financial year. While deliveries at Indian operations were higher by 3% as compared to the previous year, Tata Steel Europe, NatSteel Holdings (NSH) and Tata Steel Thailand (TSTH) reported lower deliveries. Tata Steel India reported higher deliveries due to better demand in the retail segment and higher levels of production. However, deliveries at Tata Steel Europe were lower, in line with lower production due to operational challenges at its Long Product Division. The closure of key billet suppliers in China coupled with low priced Chinese imports in Singapore, have resulted in lower deliveries at NSH. TSTH reported lower deliveries primarily on account of low demand resulting in continued pressure on spreads.

During the year, the consolidated profit before interest, depreciation, exceptional items and taxes of the Tata Steel

Group was Rs. 133320.000 Million, lower by 21% over the previous year. Consequently, the consolidated profit before exceptional items and taxes was Rs. 25410.000 Million in Financial Year 2014-15 compared to Rs.675000.000 Million in the previous year. During the year, the Company reported an exceptional loss of Rs. 392900.000 Million in its consolidated accounts which primarily represents the non-cash write down of goodwill and other assets of Rs. 12730.000 Million and Rs. 51180.000 Million respectively. This write down in certain non-performing business units within the Tata Steel Group, primarily relating to European operations and investments in coal assets has been partly offset by profit on sale of land at Borivali, India, and profit on sale of Company's stake in The Dhamra Port Company Limited.

India

The Company’s Indian operations are fully dependent on captive iron ore from Noamundi, Joda and Khondbond and partly on captive coal from West Bokaro and Jharia region. For the first time in the history of the Company, the operation of the captive iron ore mines were restricted. Iron ore mines at all locations remained closed for a period of 30 days. The total impact of this was a reduction in supply of 5.2 million tonnes of iron ore. Further, signifycant drop in demand for steel in China and devaluation of Russian rouble aggravated the conditions putting substantial pressure on margins due to influx of imports into the country.

The Company was quick in responding to the challenges through a series of risk mitigation measures and also through improvements in operations and implementing the following strategic initiatives to mitigate the impact of mining crisis in India:

Setting up of cross functional task force for procurement of iron ore from domestic and international sources;

• Initiating appropriate steps on the logistics front to ensure delivery of raw materials from different locations. All the major east coast ports were utilised to receive the imported iron ore;

• Appropriately modifying the sinter and pellet plants to accommodate ore from different sources. Utilising the opportunity to fi ne tune processes for Blast Furnaces such as 'Kar Vijay Har Shikhar' and 'Innovent' facilitate the generation of innovative ideas through this approach and also support implementation. In addition, the leadership encourages learning from other industries, which has helped the Company to innovate distribution channels in a unique way in the steel industry.

The focus on innovation has helped the Company improve its products, services and solutions to satisfy customer needs. For example, the 'Innovent' programme has enabled the Company to enter the steel doors segment. Steel doors have been introduced under the brand name 'Pravesh' and have received a positive response from customers, thereby creating a new market for the Company.

Marketing and Sales

The Company is operating in the domestic steel industry with a growth-oriented strategy and will continue to focus on the same in the coming years. Approximately 98% of the steel value chain products are sold in the domestic market. While the Company has customers and customer groups all across India, the concentration of the overall sales is mostly in the eastern and northern parts of the country. In the raw material value chain, Ferro Alloys and Minerals Division (FAMD) exports ~49% of its chrome and 27% of manganese products to countries including Japan, Korea and China.

Products and Brands

The Company's branded products in India have a country wide reach to serve more than 3 million consumers annually through a pan India distribution network, focussed on delivering a distinctive consumer experience. Currently we have a network of 65 distributors and over 9,000 dealers retailing our brands. During the year, we launched Steelium Neo – CR steel and Pravesh – wood finished steel doors.

Tata Tiscon and Tata Shaktee are now the most awarded and biggest steel brands in India. In the current year, more than 85% of Tiscon products have been sold in Tier 3 cities and over 90% have been sold by clubbing them together with Tiscon Superlinks and Wiron. During the year, the Company increased Roof Junction solution (2,600 installations) to more centres for fixing Tata Shaktee/Durashine sheets.

Europe

During the year, European production and deliveries were stable, despite being constrained by some demand and operational issues. In the Financial Year 2014-15, liquid steel production in Europe, at 15.16 million tonnes, was slightly (2.5%) lower than Financial Year 2013-14. Deliveries in Financial Year 2014-15 nearly matched the improved volumes of the previous year (1.4% lower). Whilst this is a relatively stable performance, the Company sees scope for improved sales in future as it continues to work on the precision of its production and delivery performance.

During the year, NSH posted a turnover of Rs. 9028.000 Million, about 26% lower than the previous year. It posted negative EBITDA of Rs. 5710.000 Million as against a profit of Rs. 2460.000 Million in the previous year. Profitability was adversely affected by the significant contraction in scrap-rebar spread by over S$60/tonne from last year. Similarly, during the year, TSTH recorded total sales of 1128k tonnes, which was lower by 13% as against the previous year. The EBITDA in the Financial Year 2014-15 was at Rs. 710.000 Million as against Rs. 1930.000 Million in the previous year.

MANAGEMENT DISCUSSION AND ANALYSIS 2014-15

TATA STEEL GROUP OPERATIONS

During Financial Year 2014-15, the Tata Steel Group recorded total deliveries of 26.300 million tonnes, 1% lower than the previous year (26.600 million tonnes). There was an increase in deliveries in Tata Steel India by 3% whereas deliveries at Tata Steel Europe, NatSteel Holdings (NSH) and Tata Steel Thailand (TSTH) were lower by 1%, 8% and 13% respectively. The turnover for the Group at Rs. 1395040.000 Million during Financial Year 2014-15 was 6% lower than the turnover in Financial Year 2013-14 (` Rs.1486140.000 Million). The EBITDA for the Group in the Financial Year 2014-15 was Rs. 127450.000 Million as compared to Rs. 163770.000 Million of Financial Year 2013-14.

The Group reported a consolidated loss after tax (after minority interest and share of profit of associates) of Rs. 39260.000 Million during Financial Year 2014-15 as against a profit of Rs. 35950.000 Million in Financial Year 2013-14. Results of Financial Year 2014-15 show an exceptional loss of Rs. 39290.000 Million (represented primarily by a non-cash write down of goodwill and other assets of Rs. 12730.000 Million and Rs. 51180.000 Million respectively in certain non-performing business units within the Group. These are primarily relating to European operations and investments in Coal assets that have been partly offset by profit on sale of land at Borivali and profit on sale of stake in Dhamra Port).

Operational and Sales Performance:

Despite the raw material crisis, the production units tried to optimise the production through efficient use of resources. The Sinter Plant increased the utilisation of solid waste including use of LD slag. Best practices were implemented in the Blast Furnace operations and these are likely to provide sustainable improvement benefits. Steel making shops endeavoured to put to use even the off chemistry hot metal so as to maximize steel output from the LD shops with good results. In difficult times (RM crisis and the steel dumping from China), Marketing and Sales concentrated on high value automotive and branded products.

STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2015.

(Rs. In Million)

	Particular	Quarter ended
		30.06.2015
		(Audited)
1	Income from operations
	Net Sales/Income from Operations	90058.900
	b. Other operating income	878.200
	Total Income from operations (a+b)	90937.100
2	Expenditure
	A. Changes in inventories of finished goods, work in progress stock in trade	(1690.300)
	b. Purchase of finished, semi-finished steel and other products	2364.300
	c. Raw Material Consumed	23004.700
	d. Employee benefits expenses	10823.400
	e. Purchase of power	6943.000
	f. Freight and handling charges	6953.600
	g. Depreciation and amortization expenses	4682.400
	h. Other expenses	25651.600
	Total Expenses (a + h)	78732.600
3.	Profit/ (Loss) from Operations before other income, finance costs, exceptional Items and tax (1-2)	12204.500
4	Other Income	7488.400
5	Profit/ (Loss) from ordinary activities before finance costs, exceptional Items and tax (3+4)	19692.900
6	Finance Costs	3959.700
7	Profit/ (Loss) before exceptional item and tax (5-6)	15733.200
8	Exceptional Items
	Profit on sale of non-current investments	1058.700
	Profit on sale of non-current assets	--
	Provision for diminution in value of investments/doubtful advances	--
	(Provision)/ Reversal of impairment of non-current assets	--
	Total Exceptional Items	1058.700
9	Profit/ (Loss) before tax	16791.900
10	Tax Expense	4305.800
11	Net Profit/ (Loss) for the period (9-10)	12486.100
12	Paid-up Equity Share Capital (Face Value per share Re.10)	9714.100
13	Basic earning per share (not annualized) – in Rupees (after exceptional items)	12.41
14	Diluted earning per share (not annualized)- in Rupees (after exceptional items)	12.41
A	PARTICULARS OF SHAREHOLDING
1.	Public Shareholding
	-Number of Shares	647414648
	- Percentage of Shareholding	68.01%
2.	Promoters and Promoter Group Shareholding
	a) Pledged/Encumbered
	- Number of Shares	57400000
	- Percentage of Shares (as a % of the Total Shareholding of promoter and promoter group)	9.00%
	- Percentage of Shares (as a % of the Total Share Capital of the Company)	2.82%
	b) Non Encumbered
	- Number of Shares	277114362
	- Percentage of Shares (as a % of the Total Shareholding of Promoter and Promoter Group)	91.00%
	- % of share to total share capital of the company	28.53%

Particulars	Quarter Ended 30.06.2015
Pending at the beginning of the quarter	7
Received during the quarter	20
Disposed of during the quarter	21
Remaining unresolved at the end of the quarter	6

STANDALONE SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. In Million)

Particular	Quarter ended
	30.06.2015
	(Audited)
Revenue by Business Segment:
Steel Business	87676.900
Ferro Alloys and Minerals	2749.700
Others	5396.200
Total	95822.800
Less: Inter segment revenue	4885.700
Net Sales / Income from Operations	90937.100
Segment results before finance costs, exceptional items and tax:
Steel Business	13144.800
Ferro Alloys and Minerals	83.000
Others	68.000
Unallocated income / (expenditure)	6397.100
Total Segment results before finance costs, exceptional items and tax:	19692.900
Less: Finance Costs	3959.700
Profit / (Loss) before exceptional items and tax	15733.200
Exceptional items:
Profit on sale of non-current investment	1058.700
Profit on sale of non-current assets	--
Provision for diminution in value of investments/doubtful advances	--
(Provision)/ Reversal of impairment of non-current assets	--
Profit/ (Loss) before tax	16791.900
Tax Expense	4305.800
Net Profit/ (Loss)	12486.100
Segment Capital Employed:
Steel Business	484838.700
Ferro Alloys and Minerals	2993.600
Others	1061.900
Unallocated	(11317.700)
Total	477576.500

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2015	31.03.2014
Excise and Service Tax	4513.200	4152.700
Customs	137.200	137.100
Sales Tax and VAT	4323.300	2832.500
State Levies	2649.700	2717.300
Suppliers and Service Contract	820.700	803.800
Labour Related	517.100	488.500
Income Tax	3011.100	1075.500
Royalty	140.100	140.100

FIXED ASSETS

• Freehold Land and Roads
• Leasehold Land
• Buildings
• Plant and Machinery
• Furniture and Fixture
• Office Equipments
• Vehicle
• Railway Sidings

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.66.22
UK Pound	1	Rs.101.22
Euro	1	Rs.74.33

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		74

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.