Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
KPL INTERNATIONAL LIMITED
(w.e.f. 22.08.2000) |
Principal Name 1 |
Mr. Krishan Kumar Singh Choudhari |
|
Status |
Good |
Principal Name 2 |
Mr.
R. V. Kanoria |
|
Registration # |
55-29068 |
||
|
Street Address |
10th
Floor, Indraprakash, 21, |
||
|
Established Date |
17.04.1974 |
SIC Code |
-- |
|
Telephone# |
91-11-43606200/
23355456/ 23356471 / 43579260 |
Business Style 1 |
Traders, Exporter, Importer, Marketers and International
Indenting Agents of Chemicals, Plastics and Engineering Goods. |
|
Fax # |
91-11-23355824 / 23717203 |
Business Style 2 |
|
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
80 Approximately |
Product Name 2 |
Plastics and Engineering Goods |
|
Paid up capital |
Rs.
15,160,000 |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate -92.91% |
Banking |
Bank
of |
|
Public Limited Corp. |
-- |
Business Period |
37 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
A (66) |
|
Related
Company |
|||
|
Relation - Subsidiaries |
Country
-- |
Company
Name |
KPL Logistics Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
235,811,000 |
Current Liabilities |
245043,000 |
|
Inventories |
82,822,000 |
Long-term Liabilities |
88,222,000 |
|
Fixed Assets |
345,142,000 |
Other Liabilities |
26,182,000 |
|
Deferred Assets |
0 |
Total Liabilities |
359,447,000 |
|
Invest& other Assets |
4,256,000 |
Retained Earnings |
293,398,000 |
|
|
|
Net Worth |
308,584,000 |
|
Total Assets |
668,031,000 |
Total Liab. & Equity |
668,031,000 |
|
Total Assets (Previous Year) |
613,610,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
561,685,000 |
Net Profit |
82,830,000 |
|
Sales(Previous yr) |
500,519,000 |
Net Profit(Prev.yr) |
27,122,000 |
MIRA INFORM REPORT
|
Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
KPL INTERNATIONAL LIMITED
(w.e.f. 22.08.2000) |
|
|
|
|
Formerly Known
As : |
KANORIA PETROPRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
10th
Floor, Indraprakash, 21, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
17.04.1974 |
|
|
|
|
Com. Reg. No.: |
55-29068 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23209DL1974PLC029068 |
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|
|
|
Legal Form : |
A Closely held Public Limited Liability Company. |
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|
|
|
Line of Business
: |
Traders,
Exporter, Importer, Marketers and International Indenting Agents of
Chemicals, Plastics and Engineering Goods. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1234000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having satisfactory track. Trade relations are fair. General financial position is satisfactory. Payments are usually correct and as per commitments. The company can be considered good for any normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
10th
Floor, Indraprakash, 21, |
|
Tel. No.: |
91-11-43606200/
23355456/ 23356471 / 43579260 |
|
Fax No.: |
91-11-23355824
/ 23717203 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500
Sq. ft. |
|
|
|
|
Corporate Office : |
Ř
Statesman House, 10th Floor, 148, Tel. No : 91-11-43606200/ 23355456/ 23356471 Fax No. : 91-11-23355824 E-mail : info@kplintl.com |
|
|
|
|
Warehouse : |
Located at :- ·
·
Mumbai, · Chennai, Tamilnadu |
|
|
|
|
Branches/ Regional Offices : |
Mumbai Ř A 304-306, Universal Business
Park (3rd Floor), Tel. No.: 91-22-40153142/40153145 Fax No.: 91-22-276996 E-Mail : kplmumbai@kplintl.com
Chennai Ř 23-C, Tel. No.: 91-44-28151787 / 28260618 Fax No.: 91-44-28260618 E-Mail : kplchennai@kplintl.com
Kolkata Ř Tel. No.: 91-33-22178179/ 22499472/ 22499473 Fax No.: 91-33-22499466 E-Mail : cimpex@cal2.vsnl.net.in Ahmedabad Ř Tel. No.: 91-79-22742627 / 28 / 29 Fax No.: 91-79-22744374 E-Mail : anand_kpl@yahoo.com |
|
|
|
|
Overseas Office : |
Ř
Tel No.: 880-1711422453 Fax No.:880-1711422453 E-mail: kplbangladesh@kplintl.com Ř Unit 2413,
No.99, Tel: +86-21-52729837 Fax: +86-21-52729721 Email: kplchina@kplintl.com Ř Fairgrow International Inc Ř
9950, Tel No.:
+1-713-8391460 Fax No.:
+1-713-9771468 E-mail: pravin@fairgrow.com |
DIRECTORS
AS ON 06.08.2010
|
Name : |
Mr. Krishan Kumar Singh Choudhari |
|
Designation : |
Director |
|
Date of Appointment : |
01.08.2009 |
|
|
|
|
Name : |
Mr.
R. V. Kanoria |
|
Designation : |
Director |
|
Address : |
A-45,
Vasant Marg, Vasant Vihar, |
|
Date of Birth : |
23.02.1955 |
|
Date of Appointment : |
03.09.2001 |
|
|
|
|
Name : |
Mr. Anand V Kanoria |
|
Designation : |
Director |
|
Date of Appointment : |
07.06.2008 |
|
|
|
|
Name : |
Mr.
M. R. Mehta |
|
Designation : |
Director |
|
Address : |
7F,
Meghdoot, 12, |
|
Date of Birth : |
20.12.1947 |
|
Date of Appointment : |
23.12.1994 |
|
|
|
|
Name : |
Mr.
Suman J. Khaitan |
|
Designation : |
Director
|
|
Address : |
W-13,
Greater Kailash Part II, |
|
Date of Birth : |
09.02.1959 |
|
Date of Appointment : |
17.12.1991 |
|
|
|
|
Name : |
Mr. Tulsi Das Bahety |
|
Designation : |
Director |
|
Date of Birth/Age : |
01.08.1940 |
|
Date of Appointment : |
10.09.2010 |
KEY EXECUTIVES
|
Name : |
Ms. Kavita Srivastava |
|
Designation : |
Company
Secretary |
|
Address : |
G-2, Sector 5/23, Vaishali, |
|
Date of Birth/Age : |
01.04.1980 |
|
Date of Appointment : |
02.02.2004 |
|
Date of Cessation: |
02.07.2010 |
AS ON 06.08.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
92.91 |
|
Directors or relatives of directors |
|
5.79 |
|
Other top fifty shareholders |
|
1.29 |
|
Others |
|
0.01 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders,
Exporter, Importer, Marketers and International Indenting Agents of
Chemicals, Plastics and Engineering Goods. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
80
Approximately |
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Bankers : |
H – 16,
D-5, Mahavir Enclave,
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Singhi
and Company Chartered
Accountants |
|
Address : |
402,
Pragati House, 47-48, |
|
|
|
|
Holding Company: |
CIN No:
U74140WB2006PLC108600 |
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Subsidiaries : |
CIN No.:
U25209DL1985PLC042111 |
CAPITAL STRUCTURE
AS ON 06.08.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99700 |
Equity Shares |
Rs. 1000 each |
Rs.99.700 millions |
|
3000 |
9.8% Redeemable Cumulative Preference Shares |
Rs. 100 each |
Rs. 0.300 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15160 |
Equity Shares |
Rs. 1000 each |
Rs.15.160 millions |
|
|
ADD: Forfeited Shares |
|
Rs. 0.026 million |
|
|
|
|
Rs. 15.186 millions |
Note:
Out of above 14084 equity share of RS. 1000 each
held by holding company Vardhan Finvest Limited
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.186 |
15.186 |
15.186 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
293.398 |
228.245 |
219.654 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
308.584 |
243.431 |
234.840 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
87.822 |
134.338 |
140.078 |
|
|
2] Unsecured Loans |
0.400 |
7.900 |
0.400 |
|
|
TOTAL BORROWING |
88.222 |
142.238 |
140.478 |
|
|
DEFERRED TAX LIABILITIES |
26.182 |
25.899 |
38.416 |
|
|
|
|
|
|
|
|
TOTAL |
422.988 |
411.568 |
413.734 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
345.142 |
351.718 |
355.652 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.256 |
3.557 |
3.011 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
82.822
|
78.026 |
82.321 |
|
|
Sundry Debtors |
108.985
|
61.570 |
69.431 |
|
|
Cash & Bank Balances |
34.595
|
3.858 |
6.038 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
92.231
|
114.881 |
103.524 |
|
Total
Current Assets |
318.633
|
258.335 |
261.314 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
104.522
|
42.079 |
85.360 |
|
|
Other Current Liabilities |
32.832
|
38.353 |
30.417 |
|
|
Provisions |
107.689
|
121.610 |
90.466 |
|
Total
Current Liabilities |
245.043
|
202.042 |
206.243 |
|
|
Net Current Assets |
73.590
|
56.293 |
55.071 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
422.988 |
411.568 |
413.734 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
561.685 |
500.519 |
482.283 |
|
|
|
Other Income |
170.269 |
87.923 |
91.835 |
|
|
|
TOTAL (A) |
731.954 |
588.442 |
574.118 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
14.512 |
9.947 |
21.771 |
|
|
|
Purchase of Trading Goods |
442.784 |
386.424 |
358.064 |
|
|
|
Manufacturing Expenses |
74.787 |
87.303 |
51.497 |
|
|
|
Employees Remuneration |
47.291 |
40.281 |
32.146 |
|
|
|
Increase/(Decrease) in Finished Goods |
(5.311) |
2.943 |
(4.372) |
|
|
|
TOTAL (B) |
574.063 |
526.898 |
459.106 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
157.891 |
61.544 |
115.012 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.809 |
18.454 |
15.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
147.082 |
43.090 |
99.916 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.355 |
15.052 |
13.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
131.727 |
28.038 |
86.355 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
48.897 |
0.916 |
37.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
82.830 |
27.122 |
48.730 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
218.021 |
212.149 |
189.901 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
8.285 |
2.720 |
7.500 |
|
|
|
Capital Redemption Reserve |
0.000 |
0.000 |
0.004 |
|
|
|
Dividend on Equity Shares |
15.160 |
15.160 |
15.160 |
|
|
|
Tax on Dividend |
2.517 |
2.576 |
2.576 |
|
|
|
Dividend on Preference Shares |
0.000 |
0.000 |
0.005 |
|
|
|
Employee Benefits |
0.000 |
0.794 |
1.236 |
|
|
BALANCE CARRIED
TO THE B/S |
274.888 |
218.021 |
212.149 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
12.081 |
5.864 |
2.984 |
|
|
|
Commission Earnings |
105.788 |
76.710 |
60.423 |
|
|
|
Other Earnings |
0.243 |
4.044 |
6.026 |
|
|
TOTAL EARNINGS |
118.112 |
86.618 |
69.433 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
13.954 |
8.522 |
22.231 |
|
|
|
Trading Goods |
357.982 |
309.038 |
293.151 |
|
|
TOTAL IMPORTS |
371.936 |
317.560 |
315.382 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5463.76 |
17.89 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
11.31
|
4.60 |
8.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.45
|
5.60 |
17.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.84
|
4.59 |
13.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.11 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.16
|
1.52 |
1.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.27 |
1.26 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONAL REVIEW
The ethos of the Company
is based on the relationships it has nurtured over the years and the goodwill
it has generated among its business associates. The Company summarizes this in
its motto 'Chemistry of Partnerships'.
The Company has
emerged as one of the top chemicals indenting and distribution companies in
The Company
acquired a tea estate near
The Company
continued to maintain stable growth in the financial year2009-10 across all
segments of its activities. During the year, the Company set new benchmarks in
terms of sales, profits and commissions. The turnover for the year increased to
Rs. 563.22 million as against Rs. 501.88 million in the previous year. The
income from commission was Rs. 151.09 million as against Rs. 74.88 million in
previous year. The profit after tax increased to Rs. 82.83million as against
Rs. 27.1 2miilion in the previous year.
FIXED ASSETS:
- Land
- Tea
- Buildings
- Plan and
Machinery
- Furniture and
Fixture, Office and Other Equipments
- Vehicles
- Software
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.20 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
66 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.