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Consolidated Financials
175
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
%of holdingeither directlyor
throughsubsidiaries
Countryof
As at
As at
incorporation
March 31,
March 31,
SrNo.
Nameof thesubsidiarycompany
2012
2011
Indirect subsidiaries*
20
Tata Technologies (Thailand) Ltd
Thailand
72.41
83.38
21
TataTechnologies Pte. Ltd,Singapore
Singapore
72.41
83.38
22
INCAT International PLC.
UK
72.41
83.38
23
Tata Technologies Europe Ltd
UK
72.41
83.38
24
INCATGmbH.
Germany
72.41
83.38
25
TataTechnologies Inc
USA
72.62
83.51
26
Tata Technologies de Mexico, S.A.de C.V.
Mexico
72.62
83.51
27
TataTechnologies (Canada) Inc.
Canada
72.62
83.51
28
Miljobil Greenland AS
Norway
71.69
71.69
29
JaguarLandRover Plc
(formely known as JaguarLandRover Ltd)
UK
100
100
30
Jaguar Cars Overseas Holdings Ltd
UK
100
100
31
Jaguar Land Rover Austria GmbH
Austria
100
100
32
Jaguar BelgiumNV
Belgium
100
100
33
Jaguar Cars Ltd
UK
100
100
34
Jaguar Land Rover Japan Ltd
Japan
100
100
35
Jaguar Cars South Africa (pty) Ltd
South Africa
100
100
36
Jaguar Italia SpA
(merged into Land Rover Italia w.e.f December 31, 2011)
Italy
-
100
37
Jaguar Land Rover Exports Ltd
(formerly known as Jaguar Cars Exports Ltd)
UK
100
100
38
The Daimler Motor Company Ltd
UK
100
100
39
The Jaguar Collection Ltd
UK
100
100
40
Daimler Transport Vehicles Ltd
UK
100
100
41
S.S. Cars Ltd
UK
100
100
42
The Lanchester Motor Company Ltd
UK
100
100
43
Jaguar Hispania SL
Spain
100
100
44
Jaguar Land Rover Deutschland
(formerly known as
Jaguar Deutschland GmbH)
Germany
100
100
45
Land Rover
UK
100
100
46
Land Rover Group Ltd
UK
100
100
47
Jaguar Land Rover North America LLC
USA
100
100
48
Land Rover Belux SA/NV
Belgium
100
100
49
Land Rover Ireland Ltd
Ireland
100
100
50
Land Rover Nederland BV
Netherlands
100
100
51
Jaguar Land Rover Portugal - Veiculos e Pecas, LDA
Portugal
100
100
52
Jaguar Land Rover Australia Pty Ltd
Australia
100
100
53
Land Rover Exports Ltd
UK
100
100
54
Jaguar Land Rover Italia SpA
(formerly known as Land Rover Italia SpA)
Italy
100
100
55
Land Rover Espana SL
Spain
100
100
56
Land Rover Deutschland GmbH
(merged into Jaguar Deutschland w.e.f. November 28, 2011)
Germany
-
100
57
Jaguar Land Rover Korea Co. Ltd
South Korea
100
100
58
Jaguar Land Rover Automotive Trading (Shanghai) Co. Ltd
China
100
100
59
Jaguar Land Rover Canada ULC
Canada
100
100
60
Jaguar Land Rover France, SAS
France
100
100
61
Jaguar Land Rover (South Africa) (pty) Ltd
South Africa
100
100
62
Jaguar Land Rover Brazil LLC
Brazil
100
100
63
Limited Liability Company "Jaguar Land Rover" (Russia)
Russia
100
100
64
Land Rover Parts Ltd
UK
100
100
65
Land Rover Parts US LLC
(dissolvedw.e.f. September 30, 2011)
USA
-
100
66
Tata HispanoMotors Crrosseries Maghreb,Morroco
Spain
100
100
67
Tata Daewoo Commercial Vehicle Sales and Distribution Co. Ltd.
South Korea
100
100
68
Tata Engineering Services (Pte) Limited
Singapore
78.39
78.39
69
Jaguar Land Rover (South Africa) Holdings Ltd.
(Incorporated on September 9, 2011)
UK
100
-
*
Effective holding % of the Company directly and through its subsidiaries.
(e) The following joint venture companies are considered in the consolidated financial statements:
%of holdingeither directlyor
throughsubsidiaries
Countryof
As at
As at
incorporation
March 31,
March 31,
Sr No.
Name of the joint venture company
2012
2011
1
Fiat India Automobiles Limited
India
50.00
50.00
2
Tata HAL Technologies Ltd **
India
36.20
41.69
** Effective holding % of the Company as it is a Joint Venture of Tata Technologies Ltd
(II) Significant accountingpolicies :
(a) Revenue recognition
(i)
Saleof products
The Company recognises revenue on the sale of products,net of discounts when the products are delivered to the dealer / customer or when
delivered to the carrier for exports sales, which is when risks and rewards of ownership pass to the dealer / customer. Sales include income from
services and exchange fluctuations relating to export receivables. Sales include export and other recurring and non-recurring incentives from the
Government at the national and state levels. Sale of products is presented gross of excise duty where applicable, and net of other indirect taxes.
Revenues are recognised when collectibility of the resulting receivables is reasonably assured.
FINANCIAL HIGHLIGHTS (32-45)