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Moneycontrol.com India | Notes to Account > Auto - LCVs/HCVs > Notes to Account from Tata Motors - BSE: 500570, NSE: TATAMOTORS
Tata Motors
Apr 16, 17:00
-1.15 (-0.28%)
VOLUME 353,358
Apr 16, 17:00
-0.8 (-0.19%)
VOLUME 3,782,508
Mar 12
Notes to Accounts Year End : Mar '13
1. (i) Related party disclosures for the year ended March 31, 2013
 (a) Related party and their relationship
 1.  Subsidiaries :
 Tata Technologies Ltd
 TAL Manufacturing Solutions Ltd
 TML Drivelines Ltd
 Sheba Properties Ltd
 Concorde Motors (India) Ltd
 Tata Daewoo Commercial Vehicle Co. Ltd
 Tata Motors Insurance Broking & Advisory Services Ltd
 Tata Motors European Technical Centre PLC
 Tata Motors Finance Ltd
 Tata Marcopolo Motors Ltd
 Tata Motors (Thailand) Ltd
 Tata Motors (SA) (Proprietary) Ltd
 PT Tata Motors Indonesia
 TML Holdings Pte. Ltd, Singapore
 TML Distribution Company Ltd
 Tata Hispano Motors Carrocera S.A.
 Trilix S.r.l
 Tata Precision Industries Pte. Ltd
 Jaguar Land Rover Automotive PLC
 (formerly known as Jaguar Land Rover PLC)
 Jaguar Cars Ltd
 (formerly known as Jaguar Cars Overseas Holdings Ltd)
 Jaguar Land Rover Austria GmbH
 Jaguar Belux NV
 Jaguar Land Rover Ltd
 (formerly kno wn as Jaguar Cars Ltd)
 Jaguar Land Rover Japan Ltd
 Jaguar Cars South Africa (pty) Ltd
 Jaguar Land Rover Exports Ltd (Land Rover Exports Ltd
 Business transferred on April 1,2012)
 The Daimler Motor Company Ltd
 The Jaguar Collection Ltd
 Daimler Transport Vehicles Ltd
 S S Cars Ltd
 The Lanchester Motor Company Ltd
 Jaguar Hispania SL
 Jaguar Land Rover Deutschland GmbH
 Land Rover Ireland Ltd
 2.  Associates :
 Tata AutoComp Systems Ltd
 Tata Cummins Ltd
 Tata Precision Industries (India) Ltd
 Tata Hitachi Construction Machinery Company Ltd
 (formerly known as Telco Construction Equipment Co. Ltd)
 Jaguar Cars Finance Ltd
 Nita Company Ltd
 Tata Sons Ltd (Investing Party)
 Automobile Corporation of Goa Ltd
 Spark44 (JV) Ltd
 INCAT International Plc.
 Tata Technologies Europe Ltd
 Tata Technologies Inc
 Tata Technologies de Mexico, S.A. de CV
 Tata Technologies (Canada) Inc
 Tata Technologies (Thailand) Ltd
 Tata Technologies Pte Ltd, Singapore
 Miljobil Grenland AS (upto August30,2012)
 Tata Hispano Motors Carrocerries Maghreb
 Tata Daewoo Commercial Vehicles Sales and Distribution Co. Ltd
 Tata Engineering Services (Pte) Ltd
 (Liquidated w.e.f July7,2012)
 Jaguar Land Rover North America LLC
 Land Rover Belux SA/NV
 Jaguar Land Rover Nederland BV
 Jaguar Land Rover Portugal - Veiculos e Pecas, LDA
 Jaguar Land Rover Australia Pty Ltd
 Jaguar Land Rover Italia SpA
 Land Rover Espana SL
 Jaguar Land Rover Korea Co. Ltd
 Jaguar Land Rover Automotive Trading (Shanghai) Ltd
 Jaguar Land Rover Canada ULC
 Jaguar Land Rover France, SAS
 Jaguar Land Rover (South Africa) (Pty) Ltd
 Jaguar e Land Rover Brazil Importacao e Comercio de Veiculos Ltda
 Jaguar Land Rover (Russia) Limited Liability Company
 Land Rover Parts Ltd
 Jaguar Land Rover (South Africa) Holdings Ltd
 Jaguar Land Rover India Ltd
 (incorporated w.e.f. October25,2012)
 Land Rover (business and assets transferred to
 Jaguar Land Rover Ltd except Jaguar Land Rover Automotive
 Trading (Shanghai) Co Ltd w.e.f. January 1,2013)
 Land Rover Group Ltd
 PT Tata Motors Distribusi Indonesia
 (incorporated w.e.f. February 11,2013)
 3.  Joint Ventures :
 Fiat India Automobiles Ltd
 Tata HAL Technologies Ltd
 Suzhou Chery Jaguar Land Rover Trading Co. Ltd (Interim JV)
 Chery Jaguar Land Rover Automotive Co. Ltd (Incorporated in November
 4.  Key Management Personnel
 Mr. P M Telang (upto June 21,2012)
 Mr. Karl Slym (from September 13,2012)
 Mr. R Pisharody (from June 21,2012)
 Mr. S B Borwankar (from June 21,2012)
 2. The Company has a joint venture with Fiat Group Automobiles S.p.A.,
 Italy, Fiat India Automobiles Limited (FIAL), for manufacturing
 passenger cars, engines anc transmissions at Ranjangaon in India. The
 Company has an investment of Rs. 1,242.04 crores as at March 31, 2013,
 representing 50% shareholding in FIAL .
 The proportionate share of assets and liabilities as at March 31, 2013
 and income and expenditure for the year 2012-2013 of FIAL as per their
 unaudited financial statement are given below :
 3. Other notes
 (i) Capital work-in-progress as at March 31, 2013 includes building
 under construction at Singur in West Bengal of Rs. 309.88 crores for
 the purposes of manufacturing automobiles. In October 2008, the Company
 moved the Nano project from Singur in West Bengal to Sanand in Gujarat.
 In June 2011, the Government of West Bengal (State Government) enacted
 a legislation to cancel land lease agreement. The Company challenged
 the legal validity of the legislation. In June 2012, the High Court of
 Calcutta ruled against the validity of the legislation and restored
 Companys rights under the land lease agreement. The State Government
 has filed an appeal in the Supreme Court of India, which is pending
 disposal. Based on managements assessment no provision is considered
 necessary to the carrying cost of buildings at Singur.
 (ii) The Company sold the Forge division at Jamshedpur to its
 wholly-owned subsidiary, TML Drivelines Ltd on a slump sale basis for a
 consideration of Rs. 110 crores vide an agreement dated March 28, 2013.
 (iii) Micro, Small and Medium Enterprises Development Act, 2006 :
 The information as required to be disclosed under the Micro, Small and
 Medium Enterprises Development Act, 2006 has been determined to the
 extent such parties have been identified on the basis of information
 available with the Company. The amount of principal and interest
 outstanding during the year is given below :
 (iv) Current year figures are shown in bold prints
 (v) Previous year figures have been regrouped / reclassified wherever
 necessary to correspond with the current year classification /
Source : Dion Global Solutions Limited
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