MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
KLJ PLASTICIZERS |
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Registered Office : |
KLJ House, 63, Rama Marg, |
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Country : |
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Financials (as on) : |
31.03.2007 (Estimated) |
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Date of Incorporation : |
2004 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK006611D |
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PAN No.: [Permanent
Account No.] |
AAAFK4651K |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Trader and Importer of Phhthalate Plasticizers, Maleate Plasticizers,
Phosphate Esters, Speciality Plasticizers, Sulpho Chloro Paraffin,
Chlorinated Paraffin. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established trading concern having satisfactory track
records. Trade relations are fair. Payments are reported as slow but correct. General financial position is satisfactory. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered/ Head Office : |
KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi-110015, |
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Tel. No.: |
91-11-25932712/ 25415823/ 25459706 - 07 - 08 |
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Fax No.: |
91-11-25459709/ 25436264 |
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E-Mail : |
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Website : |
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Area : |
20000 Sq.ft. (Owned) |
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Sales Office : |
Real Estate Division 102-107,
Hotel Ashoka, 50B, Diplomatic Enclave, Chanakaya Puri, |
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Tel. No.: |
91 - 11 - 24122880-86 |
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Fax No.: |
91 - 11 - 24122887 |
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E-Mail : |
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Branch 1 : |
76,
Juhu Shopping Centre, 2nd Floor, Gulmohar Cross, 9th Raod, Juhu Scheme,
Mumbai – 400049, India |
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Tel. No.: |
91 -
22 - 26244948-54 |
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E-Mail : |
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Branch 2 : |
Shanti
Niketan Building, |
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Tel. No.: |
91 -
33 - 22823251 |
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E-Mail : |
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Branch 3 : |
Silvassa
Plast, No.11, 2nd Floor, |
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Tel. No.: |
91 - 32000815 |
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Fax No.: |
91 - 9382312565 |
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E-Mail : |
PARTNERS
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Name : |
Mr. K L Jain |
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Designation : |
Partner |
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Name : |
Mr. Hemant Jain |
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Designation : |
Partner |
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Name : |
Mr. Pushp Jain |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Phhthalate Plasticizers, Maleate Plasticizers,
Phosphate Esters, Speciality Plasticizers, Sulpho Chloro Paraffin,
Chlorinated Paraffin. |
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Imports : |
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Products : |
Plasticizers |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
Group employs around 250 people. |
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Bankers : |
v
State Bank of v
State Bank of |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mohit Parekh & Company Chartered Accountants |
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Address : |
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Associates/Subsidiaries : |
v
KLJ Compoundings, v
Silvasa Plast, Silvassa v
KLJ Polyalloys v
KLJ Polymers & Chemicals Limited v
KLJ Organics Limited v
Kundalia Industries |
CAPITAL STRUCTURE
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Capital Investment (Estimated): |
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Owned : |
Rs.5.000 millions |
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Borrowed : |
-- |
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Total : |
Rs.5.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 (Estimated) |
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Sales Turnover |
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200.000 |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
KLJ
GROUP is the largest manufacturer and market leader of
Plasticizers in
The Group has an installed capacity of over 100,000 TPA and can manufacture all
types of Plasticizers (Standard grade or customized grade).
KLJ GROUP, one of the pioneers in compounding activities in
The Group has an installed capacity of 50,000 TPA.
Products
Plasticizers
KLJ Group is
the largest manufacturer and market leader of Plasticizers in
Various Plasticizers manufactured by
the Group are:
Polymer & Engineering
Compounds
KLJ Group, one
of the pioneers in Compounding industry in
The Compounds are formulated & manufactured in the most modern machines
available in the industry, meeting national & international standards, with
extensive quality checks at each point.
The various Polymer and Engineering
Compounds manufactured by KLJ are:
v Polymer &
Engineering Compounds
v
VINYL
v
FLEX
v
PLENE
v
BATCH
v
XL
v
VA
Group of Companies
v
KLJ Polymers
& Chemicals Limited,
v
KLJ
Plasticizers,
v
Silvassa
Plast ,
v
KLJ Organic
Limited, Bharuch,
v
KLJ
Polyalloys,
v
KLJ Polymers
& Chemicals Limited (Unit - Ii),
v
Ganga Udyog
Private Limited,
v
KLJ Resources
Limited,
v
KLJ Town
Planners Private Limited,
v
KLJ Organic (
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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 records 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.91 |
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1 |
Rs.81.46 |
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Euro |
1 |
Rs.55.42 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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