MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION DETAILS
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Name : |
KLJ PLASTICIZERS |
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Registered Office : |
KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK06611D |
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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 Phthalate Plasticizers, maleate Plasticizers,
Phosphate Esters, Speciality Plasticizers, Sulpho Chloro Paraffin,
Chlorinated Paraffin. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2800 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is well-established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. Payments are usually correct as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015 |
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Tel. No.: |
91-11-25415823, 25442790, 25412105, 25459706-07-08 |
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Mobile No.: |
919312211790 |
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Fax No.: |
91-11-25459709, 25910215, 25536264 |
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E-Mail : |
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Website : |
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Area : |
750 sq. mtr. (Three Floor) |
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Location : |
Owned |
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Branch1 : |
76, Juhu Shopping Centre, 2nd Floor, Gulmohar Cross, 9th
Road, 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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Location : |
Owned |
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Branch2 : |
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Tel. No.: |
91-33-22823251 |
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E-Mail : |
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Location : |
Owned |
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Branch3 : |
No. 11, 2nd Floor, |
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Tel. No.: |
91-44-32000815 |
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E-Mail : |
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Location : |
Owned |
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Branch4 : |
102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakya Puri, New
Delhi-110002, |
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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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Location : |
Rented |
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Factory : |
Survey No. 98/1, Village |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr. K L Jain |
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Designation : |
Partner |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Graduate |
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Experience : |
35 years |
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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 |
KEY EXECUTIVES
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Name : |
Mr. Vikrant Sancheti |
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Designation : |
Manager Exports |
BUSINESS DETAILS
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Line of Business : |
Manufacture of Phthaiate Plasticizers |
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Products : |
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Brand Names : |
K L J |
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Exports : |
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Products : |
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Countries : |
All over the world |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
L/C, Credit/Cash |
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Purchasing : |
L/C, Credit/Cash |
PRODUCTION STATUS
Capacity to increase production by: 35%
GENERAL INFORMATION
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Suppliers : |
NOSIL |
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Customers : |
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No. of Employees : |
125 |
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Bankers : |
State Bank of |
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Banking
Relations : |
Good |
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Associates/Subsidiaries : |
(K L J Group)
An ISO 9001:2000 and 14001:2004 Certified Company STO About 550 crore in 2005-06, (5500.000 Millions) STO About 700 crore in 2006-07, (7000.000 Millions) Employees: 900
Manufacture of Phthalate Plasticizers in
Manufacture of di-Ethyl Phthalate in Surajpur-noida
Manufacture Chlorinated Paraffin at jhagadia, Bharuch District,
Divarsification in real Estate Business Shopping Malls, Office Complexes and Residential Apartments
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 120.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 120.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
1500.000 |
1200.000 |
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Profit/Loss for the year |
11% |
11% |
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Expected Sales (2007-08) : Rs.1750.000 Millons
Expected Sales Group (2007-08): Rs. 9000.000 Millions
LOCAL AGENCY FURTHER INFORMATION
History
Subject 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).Subject, one of the
pioneers in compounding activities in
Features
1967- Kundalia Industries made a modest beginning from PVC compounds in
(10,000tpa)
1985- Kundalia Industries commenced manufacturing Phthalate
Plasticizers(9,000tpa)
1990- KLJ Polymers and Chemicals Limited. Commenced manufacturing
Phthalate Plasticizers (8,000tpa) which was
Later modified to
manufacture Speciality Plasticizers
1996- KLJ Organic Limited. Started manufacturing Chlorinated Paraffins
(18,000tpa)
1997- KLJ Group Plasticizer started manufacturing Phthalate Plasticizers
(30,000tpa)
1998- Silvassa Plast, Multi-Product Plasticizer Plant(26,000tpa)
1998- KLJ Polyalloys expanded Group’s PVC Compounding activities at
Silvassa (20,000tpa)
2001- KLJ Organic Limited. Started Flame Retardant Plasticizers
(2400tpa)
2004- KLJ Polymers and Chemicals Limited. (Unit-II), diversified into
TPR, EVA, PP, Anti-Fab, XLPE compounds,
Etc. (30,000tpa)
bringing KLJ among the top Indian Polymer Compounders.
2004-
and emerged as an
international player.
2005- With a formidable reputation in Chemical and Plastic processing
industry, KLJ group takes a long step
forward for building
excellence in real estate projects. We are poised towards greater heights in
creating
perfect destination for
trade and business.
2007- KLJ Organic (
Project launched by the
group at
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.39.51 |
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1 |
Rs.81.16 |
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Euro |
1 |
Rs.56.76 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
7 |
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OPERATING SCALE |
1~10 |
7 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
7 |
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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 |
YES |
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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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63 |
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. |
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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