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162
Sixty-Seventh Annual Report 2011-2012
(ii)
Disclosures required by Clause 32 of the Listing Agreement
Amount of loans / advances in nature of loans outstanding from subsidiaries and associates during 2011-2012
Outstanding as at
Maximum amount
Investment in Direct investment in
Name of the Company
March31,2012 outstanding during shares of the shares of subsidiaries
the year
the Company
of the Company
(
`
in crores)
(
`
in crores)
(No.of Shares)
(No.of Shares)
a)
Subsidiaries
Sheba Properties Ltd
-
-
-
8,11,992
[Shares in Tata Technologies Ltd]
-
-
-
8,11,992
TataTechnologies Ltd
-
3.00
-
-
-
-
-
-
TAL Manufacturing Solutions Ltd
-
34.00
-
-
12.00
16.00
-
-
ConcordeMotors (India) Ltd
-
-
-
-
-
31.00
-
-
TataMotors EuropeanTechnical CentrePlc.,UK
55.33
55.78
-
9,498
[Shares inMiljobil Grenland AS]
48.51
48.51
-
9,498
TataMarcopoloMotorsLtd
5.00
5.00
-
-
5.00
10.00
-
-
Tata Motors (Thailand) Ltd
154.69
157.70
-
-
138.04
138.04
-
-
TML Distribution Company Ltd
-
35.00
-
-
-
100.00
-
-
TataHispanoMotorsCarroceraS.A.
342.91
352.58
-
40,000
[Shares in Tata HispanoMotors Carrocerries Maghreb]
236.27
236.27
-
40,000
Tata Precision Industries Pte.Ltd. (Singapore)
-
-
-
-
-
8.02
-
-
TataMotors Insurance Broking andAdvisory Services Ltd
1.70
1.70
-
-
0.70
0.70
-
-
TataMotors (SA) ProprietaryLtd
8.53
8.53
-
-
6.41
6.41
-
-
b)
Associates
Tata AutoComp Systems Ltd
23.83
23.83
-
-
23.83
23.83
-
-
c)
Joint Ventures :
Fiat India Automobiles Ltd
265.00
265.00
-
-
265.00
265.00
-
-
32.
TheCompanyhasajointventurewithFiatGroupAutomobilesS.p.A.,Italy,Fiat IndiaAutomobilesLimited(FIAL),formanufacturingpassengercars,enginesand
transmissions at Ranjangaon in India. The Company has an investment of
`
1,242.04 crores as at March 31, 2012, representing 50%shareholding in FIAL .
The proportionate share of assets and liabilities as at March 31, 2012 and income and expenditure for the year 2011-12 of FIAL as per their
unaudited financial statement are given below :
Ason
Ason
March 31,
March 31,
2012
2011
2011-2012
2010-2011
RESERVES AND SURPLUS
(650.58)
(607.19)
INCOME
Revenue from operations
1,716.47
2,017.12
NON-CURRENT LIABILITIES
Less : Excise duty
(247.73
)
(324.04)
Long-term borrowings
795.69
932.66 Other operating income
169.21
198.61
Long-term provisions
6.24
3.98 Other income
92.92
36.17
CURRENT LIABILITIES
1,730.87
1,927.86
Short-termborrowings
99.90
50.00
Trade payables
633.87
859.65
EXPENDITURE
Other current liabilities
304.41
306.19 Manufacturing and other expenses
1,429.57
1,743.58
Short-termprovisions
8.61
7.31 Product development cost
3.27
3.46
1,848.72
2,159.79
Depreciation
160.76
160.47
NON-CURRENT ASSETS
Finance cost
162.81
143.23
Fixed assets
1,516.50
1,649.37 Tax expense
-
-
Other long-term loans
Exchange loss (net) on revaluation of foreign
and advances
42.60
31.88 currency borrowings, deposits and loans
17.85
-
Other non-current assets
29.13
37.50
CURRENTASSETS
714.15
895.58
2,302.38
2,614.33
1,774.26
2,050.74
Claims not acknowledged as debts
6.26
4.15
Capital Commitments
12.19
7.70
(
`
in crores)
NOTESFORMINGPARTOFFINANCIAL STATEMENTS