INVESTMENT ANALYSIS OF
TATA MOTORS(NANO)
Submitted To:
Mr. SANDEEP KAPOOR
Submitted By:
Nikhil Pandey(45)
Pradeep Singh(52)
Vikram Pratap Singh(83)
Saurabh Garjola(69)
Shamina Easmin
Surjeet Kumar(77)
Tarun Ahalawat(78)
SECTION-C
 TATA MOTORS

Tata Motors Limited is India's largest automobile company, with

consolidated revenues of Rs.70,938.85 crores (USD 14 billion) in 2008-09. It
is the leader in commercial vehicles in each segment, and among the top
three in passenger vehicles with winning products in the compact, midsize
car and utility vehicle segments. The company is the world's fourth largest
truck manufacturer, and the world's second largest bus manufacturer.

The company's 24,000 employees are guided by the vision to be "best in the
manner in which we operate, best in the products we deliver, and best in
our value system and ethics." Tata Motors, the first company from India's
engineering sector to be listed in the New York Stock Exchange (September
2004), has also emerged as an international automobile company.

Established in 1945, Tata Motors' presence indeed cuts across the length and
breadth of India. Over 4 million Tata vehicles ply on Indian roads, since the
first rolled out in 1954.

In May 2009, Tata Motors introduced ushered in a new era in the Indian
automobile industry, in keeping with its pioneering tradition, by unveiling its
new range of world standard trucks called Prima. In their power, speed,
carrying capacity, operating economy and trims, they will introduce new
benchmarks in India and match the best in the world in performance at a
lower life-cycle cost.

Tata Nano
 "Nano" means "small"

In January 2008, Tata Motors unveiled its People's Car, the Tata Nano,
which India and the world have been looking forward to. The Tata Nano
has been subsequently launched, as planned, in India in March 2009. A
development, which signifies a first for the global automobile industry, the
Nano brings the comfort and safety of a car within the reach of thousands
of families. The standard version has been priced at Rs.1,00,000 (excluding
VAT and transportation cost).

RATAN TATA made a promise to Indian people that he would made a car
for Rs 1lakhs only. To fulfill his dream RATAN TATA decided to set up
two plants at SINGUR(WEST BANGAL) and
PANTNAGAR(UTTRAKHAND). But due to some political reason he was
unable to set up a plant at SINGUR. So at the invitation of
MR.NARENDRA MODI, MR.RATAN TATA decided to set up his second
plant at SANAND(GUJRAT) in the year 2008-2009.

Investment Analysis of Tata Motors

In the year 2006-2007 investment of Tata Motors was Rs.2015.15 cr. and in
the year 2007-2008 it rosed to about Rs.2477.00 cr. So by the difference of
these two year amount we can make out that a amount of Rs.485.85 cr. has
been left out with Tata Motors. Out off this Rs.485.85 cr., Rs.400 cr. was
invested to establish the plant of PANTNAGAR.

Out of these Rs.400 cr. , Rs.385.50 cr. was raised from equity share capital,
the face of a share was at Rs.10 per share and the total number of shares
were 385373885. Rest of the amount approx Rs.15 cr. was taken from
reserve and surplus.

Due to political reason Tata Motors shifted there plant from SINGUR to
SANAND(GUJRAT). To establish a plant at SANAND, Tata took a loan of
Rs.1831.43 cr. Due to which the investment of Tata motors in the balance
sheet rose to Rs.4910.27 cr. in the year 2008-2009 from Rs.2477.00 cr. in the
year 2007-2008.

INVESTMENT YEAR OF INVESTMENT ISSUED RESERVE LOAN

INVESTMENT FOR NANO CAPITAL &
SURPLUS
2015.15 2006-2007 400.00* 385.50 14.50 -

2477.00 2007-2008 2000.00# - - 1831.43

*Investment for PANTNAGAR plant

#Investment for SANAND plant

Balance sheet of TATA MOTORS

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Sources of funds
   Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Owner's fund
Equity share capital 514.05 385.54 385.41 382.87 361.79
Share application money - - - - -
Preference share capital - - - - -
Reserves & surplus 11,855.15 7,428.45 6,458.39 5,127.81 3,749.60
Loan funds
Secured loans 5,251.65 2,461.99 2,022.04 822.76 489.81
Unsecured loans 7,913.91 3,818.53 1,987.10 2,114.08 2,005.61
Total 25,534.76 14,094.51 10,852.94 8,447.52 6,606.81
Uses of funds
Fixed assets
Gross block 13,905.17 10,830.83 8,775.80 7,971.55 6,611.95
Less : revaluation reserve 25.07 25.51 25.95 26.39 -
Less : accumulated depreciation 6,259.90 5,443.52 4,894.54 4,401.51 3,454.28
Net block 7,620.20 5,361.80 3,855.31 3,543.65 3,157.67
Capital work-in-progress 6,954.04 5,064.96 2,513.32 951.19 538.84
Investments 12,968.13 4,910.27 2,477.00 2,015.15 2,912.06
Net current assets
Current assets, loans & advances 10,836.58 10,781.23 10,318.42 9,812.06 7,248.88
Less : current liabilities & provisions 12,846.21 12,029.80 8,321.20 7,888.65 7,268.80
Total net current assets -2,009.63 -1,248.57 1,997.22 1,923.41 -19.92
Miscellaneous expenses not written 2.02 6.05 10.09 14.12 18.16
Total 25,534.76 14,094.51 10,852.94 8,447.52 6,606.81
Notes:
Book value of unquoted investments 12,358.84 4,145.82 2,117.86 1,648.57 2,480.15
Market value of quoted investments 558.32 2,530.55 1,323.08 1,550.00 1,260.05
Contingent liabilities 5,433.07 5,590.83 5,196.07 2,185.63 1,450.32
Number of equity sharesoutstanding (Lacs) 5140.08 3855.04 3853.74 3828.34 3617.52

Capital structure
From To Class Of Authorized Issued Paid Up Paid Up Paid Up
Year Year Share Capital Capital Shares (Nos) Face Value Capital
Equity
2008 2009 900.00 514.01 514008314 10 514.01
Share
2007 2008 Equity 450.00 385.50 385503954 10 385.50
 From To Class Of Authorized Issued Paid Up Paid Up Paid Up
Year Year Share Capital Capital Shares (Nos) Face Value Capital
Share
Equity
2006 2007 450.00 385.37 385373885 10 385.37
Share
Equity
2005 2006 410.00 382.83 382834131 10 382.83
Share
Equity
2004 2005 400.00 361.75 361751751 10 361.75
Share
Equity
2003 2004 400.00 352.96 352958130 10 352.96
Share
Equity
2002 2003 350.00 319.89 319784387 10 319.78
Share
Equity
2001 2002 350.00 319.89 319782395 10 319.78
Share
Equity
2000 2001 350.00 255.92 255856343 10 255.86
Share
Equity
1999 2000 300.00 255.92 255856343 10 255.86
Share