MIRA INFORM REPORT

Report Date :

15.11.2011

IDENTIFICATION DETAILS

Name :	RAJ PETRO SPECIALITIES PRIVATE LIMITED (w.e.f. 14.01.2007)
Formerly Known As :	SURYODAY BLENDING PRIVATE LIMITED
Registered Office :	1^st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400033, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	06.05.1997
Com. Reg. No.:	11-107800
Capital Investment / Paid-up Capital :	Rs.176.326 millions
CIN No.: [Company Identification No.]	U23201MH1997PTC107800
TAN No.: [Tax Deduction & Collection Account No.]	MUMS29702B
PAN No.: [Permanent Account No.]	AACCS4923P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Petroleum Specialty Products
No. of Employees :	700 Approximately

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 5046288
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payments are reported to be usually made as per commitments. The company can be considered normal for 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.

INFORMATION PARTED BY

Name :	Mr. Abhay
Designation :	Accounts Manager
Contact No.:	91-22-24721032
Date:	14.11.2011

LOCATIONS

Registered Office :	1^st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400 033, Maharashtra, India
Tel. No.:	91-22-24714961/ 64/ 24721000
Mobile No.:	91-9892895425 (Mr. Abhay Andhare)
Fax No.:	91-22-24710898
E-Mail :	pamumbai@rajgrp.com dilip@rajgrp.com exports@rajgrp.com abhay@rajgrp.com
Website :	http://www.rajgrp.com
Area :	4500 sq. ft.
Location :	Owned
Corporation Office :	2A-D, Doshi Tower, 156, Poonamallee High Road, India
Tel No.:	91-44-42288900
Fax No.:	91-44-42288912
Branch :	Poonamlee High Road, Kilpaul, Chennai – 600056, Tamilnadu, India · Hyderabad · Delhi · Pune
Factory 1 :	Survey No. 146/2/3, Madhuban Dam Road, Village Karad, Silvassa – 396230, Dadra and Nagar Haveli, Uttar Pradesh, India
Tel. No.:	91-260-3091881
Fax No.:	91-260-2644396
Factory 2 :	Plot No. 1811, GIDC Industrial Area, Panoli – 394 115, Gujarat, India
Tel. No.:	91-2646-272287/ 153
Fax No.:	91-2646-272561
Factory 3 :	73/1B, Vaikkadu Manali, Chennai – 600103, Tamilnadu, India

DIRECTORS

AS ON 30.09.2009

Name :	Mr. Vinit S Asher
Designation :	Director
Address :	5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India
Date of Birth/Age :	23.10.1975
Date of Appointment :	07.10.2002
DIN No.:	00209230

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	07/10/2002	07/10/2002	-	Active	NO

Name :	Mr. Jaysingh V Anjaria
Designation :	Director
Address :	401, Odyssey 1, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India
Date of Birth/Age :	14.04.1933
Date of Appointment :	07.10.2002
DIN No.:	00211746

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	07/10/2002	07/10/2002	-	Active	NO
2	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	30/06/2004	30/06/2004	-	Active	NO

Name :	Mr. Ajay J Anjaria
Designation :	Whole Time Director
Address :	401, Odyssey 1, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India
Date of Birth/Age :	19.08.1965
Date of Appointment :	27.01.2003
DIN No.:	00208385

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Whole-time director	27/01/2003	27/01/2003	-	Active	NO

Name :	Mr. Atul C Anjaria
Designation :	Whole Time Director
Address :	303, Odyssey 1, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India
Date of Birth/Age :	28.08.1953
Date of Appointment :	01.09.2003
DIN No.:	00208237

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Whole-time director	01/09/2003	01/09/2003	-	Active	NO

Name :	Mr. Bipin J Nanavati
Designation :	Managing Director
Address :	8, Letangs Road, Vepery, Chennai – 600 007, Tamilnadu, India
Date of Birth/Age :	03.11.1944
Date of Appointment :	01.12.2009
DIN No.:	00207759

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U51496TN2004PTC053597	ONEWORLD IMPEX PRIVATE LIMITED	Director	30/06/2004	30/06/2004	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Managing director	01/12/2009	01/04/2006	-	Active	NO

Name :	Mr. Yogin Porecha
Designation :	Director
Address :	34, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Date of Birth/Age :	30.07.1955
Date of Appointment :	29.09.2007
Email :	yogin@rajgrp.com
DIN No.:	00208155

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	10/04/1996	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Surendra A Asher
Designation :	Director
Address :	5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India
Date of Birth/Age :	30.04.1943
Date of Appointment :	29.09.2007
Email :	surendra@rajgrp.com
DIN No.:	00208068

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	10/04/1996	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Mehul U Nanavati
Designation :	Dircetior
Address :	Prerna, 6 F, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamilnadu, India
Date of Birth/Age :	14.09.1974
Date of Appointment :	19.05.2007
DIN No.:	00209491

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Whole-time director	01/12/1997	01/12/1997	01/07/2009	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Viren B Nanavati
Designation :	Director
Address :	8, Letanga Road, Vepery, Chennai – 600 007, Tamilnadu, India
Date of Birth/Age :	08.10.1971
Date of Appointment :	19.05.2007
DIN No.:	00209110

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/12/1997	01/12/1997	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Uday J Nanavati
Designation :	Director
Address :	Prerna, 6 F, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamilnadu, India
Date of Birth/Age :	14.12.1948
Date of Appointment :	19.05.2007
DIN No.:	00209391

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	10/04/1996	10/04/1996	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Managing director	01/07/2009	19/05/2007	-	Active	NO

Name :	Mr. Nalin J Nanavati
Designation :	Director
Address :	Old No. 11, Ormes Road, 3^rd Cross Street, Kilpauk, Chennai – 600 010, Tamilnadu, India
Date of Birth/Age :	02.09.1957
Date of Appointment :	19.05.2007
DIN No.:	00211279

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/12/1997	01/12/1997	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Rajesh C Anjaria
Designation :	Director
Address :	5/6, Amrit Dhara, Joshi Lane, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India
Date of Birth/Age :	01.11.1956
Date of Appointment :	19.05.2007
DIN No.:	00208296

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U23200MH1996PLC098745	RAJ PETROLEUM PRODUCTS LIMITED	Director	01/07/2009	01/12/1997	-	Active	NO
2	U23201MH1997PTC107800	RAJ PETRO SPECIALITIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	-	Active	NO

Name :	Mr. Amit Bipin Nanavati
Designation :	Director
Address :	N. No.10, O No.13/2, Ormes Road, Kilpauk, Chennai – 600010, Tamilnadu, India
Date of Birth/Age :	16.08.1968
Date of Appointment :	01.04.2010
Email :	amit@oneworldimpex.com

KEY EXECUTIVES

Name :	Mr. Dilip Vishnubhai Darji
Designation :	Company Secretary
Address :	5/64, Bankar Building, Lamington X Road, Alibhai Premji Marg, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	21.10.1982
Date of Appointment :	01.12.2008
Name :	Mr. Abhay
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2009)

Names of Equity Shareholders	No. of Shares
Chandrika Chandrakant Anjaria	97600
Chandrakant V Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria	25200
Atul C Anjaria	218700
Neela Atul Anjaria	185000
Atul C. Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria	40000
Chaitanya Atul Anjaria	45000
Rajesh Chandrakant Anjaria	218100
Rupal Rajesh Anjaria	185000
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria	40000
Niket Rajesh Anjaria	45000
Jaysinh Vasanji Anjaria (Jtly With) Rajni Jaysinh Anjaria	124820
Rajni Jaysinh Anjaria	35200
Ajay Jaysinh Anjaria	275050
Shilpa Ajay Anjaria	99950
Jaysinh Vasanji Anjaria (HUF) Rep. By Karta Jaysinh Vasanji Anjaria	19800
Indra Laxmidas Porecha	70000
Yogin Laxmidas Porecha	247900
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha	282720
Yogin Laxmidas Porecha – Rep as Trustee for yogin Family Trust	96800
Kanhai Yogin Porecha	23000
Surendra Ajitsinh Asher	118200
Jayshree Surendra Asher	53950
Arvin Ajitsinh Asher	33550
Vasanti Arvin Asher	45300
Vinit Surendra Asher (Jtly With) Neha Vinit Asher	33670
Jiten Arvind Asher	51750
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher	53800
Bipin Jaswantsinh Nanavati	439800
Beena Bipin Nanavati	37700
Amit Bipin Nanavati	260000
Dipti Amit Nanavati (Jtly With) Amit Bipin Nanavati	14950
Viren Bipin Nanavati	305000
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati	20000
Amit Bipin Nanavati (Jtly With) Yash Amit Nanavati	25000
Dipti Amit Nanavati (Jtly With) Aksha Amit Nanavati	50
Uday Jaswantsinh Nanavati	139450
Vidyuta Uday Nanavati	150000
Mehul Uday Nanavati	372500
Dhwani Sriram (Jtly With) Uday Jaswantsinh Nanavati	50
Nalin Jaswantsinh Nanavati	205500
Sonal Nalin Nanavati	52450
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati	292000
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati	50
Bharti Bharat Nanavati	74900
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati	209620
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati	156000
Total	5520080

(AS ON 30.09.2009)

Names of 10% Non Cumulative Redeemable Preference Shareholders	No. of Shares
Chandrika Chandrakant Anjaria	16800
Atul Chandrakant Anjaria	46600
Neela Atul Anjaria	16000
Atul C Anjaria (HUF) Rep. By Karta Atul C Anjaria	4000
Chaitanya Atul Anjaria	25100
Rajesh Chandrakant Anjaria	45100
Rupal Rajesh Anjaria	26000
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria	4000
Niket Rajesh Anjaria	16600
Jaysinh Vasanji Anjaria (Jtly With) Rajni Jaysinh Anjaria	20500
Rajni Jaysinh Anjaria	27000
Ajay Jaysinh Anjaria	28100
Shilpa Ajay Anjaria	15000
Jaysinh Vasanji Anjaria (HUF) Rep. By Karta Jaysinh Vasanji Anjaria	9500
Indra Laxmidas Porecha	16500
Yogin Laxmidas Porecha	27700
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha	28000
Yogin Laxmidas Porecha – Rep as Trustee for yogin Family Trust	18400
Kanhai Yogin Porecha	9500
Surendra Ajitsinh Asher	9200
Jayshree Surendra Asher	7000
Arvin Ajitsinh Asher	6000
Vasanti Arvin Asher	5900
Vinit Surendra Asher (Jtly With) Neha Vinit Asher	1800
Jiten Arvind Asher	4200
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher	5500
Bipin Jaswantsinh Nanavati	41000
Beena Bipin Nanavati	9000
Amit Bipin Nanavati	25000
Dipti Amit Nanavati (Jtly With) Amit Bipin Nanavati	12000
Viren Bipin Nanavati	35000
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati	14000
Amit Bipin Nanavati (Jtly With) Yash Amit Nanavati	27000
Dipti Amit Nanavati (Jtly With) Aksha Amit Nanavati	9500
Viren B Nanavati (HUF) Rep. By Karta Viren B Nanavati	2000
Uday Jaswantsinh Nanavati	20999
Mehul Uday Nanavati	29500
Dhwani Sriram (Jtly With) Uday Jaswantsinh Nanavati	26500
Nalin Jaswantsinh Nanavati	51800
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati	29200
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati	11000
Bharti Bharat Nanavati	88000
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati	22500
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati	16000
Pankaj D Sampath – HUF	1
Total	910000

(AS ON 30.09.2009)

Names of 8.5% Cumulative Redeemable Preference Shareholders	No. of Shares
Chandrika Chandrakant Anjaria	78250
Chandrakant V Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria	19750
Atul C Anjaria	34500
Neela Atul Anjaria	27500
Atul C. Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria	6500
Rajesh Chandrakant Anjaria	35500
Rupal Rajesh Anjaria	25000
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria	7500
Ajay Jaysinh Anjaria	10000
Yogin Laxmidas Porecha	500
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati	4000

(AS ON 30.09.2009)

Names of 8.5% Non - Cumulative Redeemable Preference Shareholders	No. of Shares
Chandrika Chandrakant Anjaria	6751
Atul C Anjaria	3000
Neela Atul Anjaria	10700
Atul C. Anjaria (HUF)	1000
Chaitanya Atul Anjaria	50
Rajesh Chandrakant Anjaria	3000
Rupal Rajesh Anjaria	2000
Jaysinh Vasanji Anjaria jtly with Rajni J Anjaria	10150
Rajni J Anjaria	2
Ajay Jaysinh Anjaria	2500
Shilpa Ajay Anjaria	1200
Jaysinh Vasanji Anjaria (HUF)	898
Indra Laxmidas Porecha	2495
Yogin Laxmidas Porecha	11653
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha	3600
Yogin Family Trust	1
Surendra Ajitsinh Asher	3
Jayshree Surendra Asher	600
Arvin Ajitsinh Asher	100
Vasanti Arvin Asher	600
Vinit Surendra Asher (Jtly With) Neha Vinit Asher	1097
Jiten Arvind Asher	500
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher	600
Bipin Jaswantsinh Nanavati	4000
Amit B Nanavati	17000
Viren B Nanavati	3000
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati	1000
Uday Jaswantsinh Nanavati	7400
Mehul Uday Nanavati	7600
Nalin Jaswantsinh Nanavati	5000
Sonal Nalin Nanavati	2500
Nalin Jaswantsinh Nanavati (HUF)	5000
Bharti B Nanavati	6000
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati	29200
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati	11000
Bharti Bharat Nanavati	88000
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati	22500
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati	16000

(AS ON 30.09.2009)

Category	Percentage
Directors or relatives of directors	90.69
Other top fifty (50) shareholders	9.31
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Petroleum Specialty Products
Exports :
Products :	Petroleum Specialty Products
Countries :	USA Australia Germany Sri Lanka
Imports :
Products :	Raw Materials
Countries :	Korea UAE
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
(as certified by the directors and which the auditor have relied) Specialty oil Includes Goods Reprocess	KLS MTS MTS	NA NA NA	206000 78200 NA	93809 NA 56715

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

· End Users

· OEM’s

· Electrical Boards

· Hindustan Unilever

· Crompton Greaves

No. of Employees :

700 Approximately

Bankers :

· State Bank of India

Industrial Estate Branch, GIDC Industrial Estate, Ankleshwar – 393 002, Gujarat, India

· Corporation Bank

Overseas Branch, Earest House, 1^st Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India

· Standard Chartered Bank

90, M G Road, Fort, Mumbai – 400001, Maharashtra, India

· State Bank of India

Special Commercial Branch, Vapi – 396195, Gujarat, India

· State Bank of India

Special Commercial Branch, Tridant Complex, Race Course (N), Vadodara – 390007, Gujarat, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Term Loan from State Bank of India
FCNR (B) Term Loan	0.000	0.374
Rupee Term Loan	42.943	108.845
Working Capital Loan (Against Hypothecation of Stock and Book Debts)
Form State Bank of India	90.813	121.705
From Corporation Bank	4.130	66.623
From Standard Chartered	3.640	10.083
Bills Discounting	2.408	0.000
Vehicle Loans	23.813	26.449
Loan against TDR
- Corporation Bank	0.000	8.800
Total	581.953	811.730
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Loan from Directors	38.528	25.459
Loan from Shareholders	121.086	75.559
Loan from Relatives	25.045	15.012
Total	184.659	116.030

Banking Relations :	--
Auditors :
Name :	Mr. Janardhan Iyer For N P Redij and Company Chartered Accountant
Address 1 :	Satnam Mansion, No. 1, Ground Floor, 190, Dr. Ambedkar Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Tel. No.:	91-22-24184985/ 1206
Fax No.:	91-22-24173403
Address 2 :	Unit No. 7, Thakkar Industrial Estate Annexe, 20, Champsi Bhimji Road, Mazagaon, Mumbai – 400 010, Maharashtra, India
Associates/Subsidiaries :	· Raj Petroleum Products Limited 1^st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400 033, Maharashtra, India Activity: Manufacturer of Oil and Grease Lubricants CIN No.: L23200MH1996PLC098745 · Raj Petro Specialities (Europe) B. V. Rotterdam, Netherlands · One World Impex Private Limited

CAPITAL STRUCTURE

(AS ON 31.03.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
5600000	Equity Shares	Rs.10/- each	Rs.56.000 millions
225000	Class A Equity Shares	Rs.10/- each	Rs.2.250 Millions
910000	10% Non Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.91.000 millions
302500	8.50% Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.30.250 millions
	Total		Rs.179.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5520080	Equity Shares	Rs.10/- each	Rs.55.201 millions
910000	10% Non Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.91.000 millions
301250	8.50% Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.30.125 millions
	Total		Rs.176.326 millions

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		176.326	176.326	176.326
2] Share suspense Account		7.550	0.000	0.000
3] Reserves & Surplus		1077.696	699.667	485.403
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1261.572	875.993	661.729
LOAN FUNDS
1] Secured Loans		581.953	811.731	583.761
2] Unsecured Loans		184.659	116.030	106.587
TOTAL BORROWING		766.612	927.761	690.348
DEFERRED TAX LIABILITIES		37.423	35.508	18.248
TOTAL		2065.607	1839.262	1370.325
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		525.734	486.727	480.614
Capital work-in-progress		12.108	13.277	4.701
INVESTMENT		1.804	1.732	0.516
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1040.752	497.640	503.689
	Sundry Debtors	2135.160	2181.528	1547.288
	Cash & Bank Balances	313.352	329.740	508.043
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	728.979	522.143	247.392
Total Current Assets		4218.243	3531.051	2806.412
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	2127.049	1713.277	1730.959
	Other Current Liabilities	143.474	85.855	19.177
	Provisions	429.860	396.518	174.489
Total Current Liabilities		2700.383	2195.650	1924.625
Net Current Assets		1517.860	1335.401	881.787
MISCELLANEOUS EXPENSES		8.101	2.125	2.707
TOTAL		2065.607	1839.262	1370.325

PROFIT & LOSS ACCOUNT

Particulars	31.03.2011
Sales Turnover (Approximately)	9600.000

Expected Sales (2011-2012) : Rs.12500.000 millions

The above information has been parted by Mr. Abhay (Accounts Manager)

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income (Turnover)	7568.864	7442.017	5649.867
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		NA	NA	NA
Less/ Add	DEPRECIATION/ AMORTISATION		73.113	69.741	54.779
	PROFIT BEFORE TAX		615.918	340.361	267.180
Less	TAX		191.915	112.296	67.406
	PROFIT AFTER TAX		424.003	228.065	199.774
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1832.601	1688.673	1257.712
		Other Earnings	0.006	0.000	0.017
	TOTAL EARNINGS		1832.607	1688.673	1257.729
	IMPORTS
		Raw Materials	5665.021	5654.245	1040.777
		Capital Goods	13.490	5.921	0.918
	TOTAL IMPORTS		5678.511	5660.166	1041.695
	Earnings Per Share (Rs.)		73.32	38.69	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PBT/Sales)	(%)	5.60	4.57	4.73
Return on Total Assets (PBT/Total Assets}	(%)	12.98	8.47	8.13
Return on Investment (ROI) (PBT/Networth)		0.48	0.39	0.40
Debt Equity Ratio (Total Liability/Networth)		2.75	3.57	3.95
Current Ratio (Current Asset/Current Liability)		1.56	1.61	1.46

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITOR DETAILS

RS. IN MILLIONS

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditor	2127.049	1713.277	1730.959

FORM 8:

Corporate identity number of the company	U23201MH1997PTC107800
Name of the company	RAJ PETRO SPECIALITIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1^st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai – 400 033, Maharashtra, India
This form is for	Modification of charge
Type of charge	Immovable Property
Particular of charge holder	STATE BANK OF INDIA
Nature of instrument creating charge	Memorandum Of Entry For Recording Creation Of Extension Of Mortgage By Deposit Of Title Deeds Dt, 29.06.2010
Date of instrument Creating the charge	29/06/2010
Amount secured by the charge	Rs.3648.0000
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest State Bank Of India - 0.50 % Above Sbar Presently 12.75 % P.A. Corporation Bank - Cobar + 0.50 % I.E. 12.50 % P.A. Axis Bank - 2.25 % Below Plr Presently 14.75 % Scb - Present Int. Rate At 14% Extent and Operation of the charge The Facility Is Enhanced From Rs. 329.30 Crore To Rs. 364.80 Crore Though The Total Consortium Facility Of Rs. 364.80 Crore Is Secured By Movable Property (Hypothecation Agmt. and Working Cap. Consortium Agmt. ) Dt. 15.06.2010 And Immovable Property (Memmorandum Of Entry) Dt. 29.06.2010 Seperate Charge Created For Both I.E. Movable Property (Hypothecation Agmt. And Working Cap. Consortium Agmt. ) Dt. .15.06.2010 And Immovable Property (Memmorandum Of Entry) Dt. 29.06.2010 Others Various Credit Facility Granted By Consrotium Bankers - State Bank Of India (Lead Banker), - Axis Bank, Corporation Bank, Standard Chartered Bank (Member Banker)
Short particulars of the property charged	Non-Agriculture Land Situated At Village Karad Of Ut Of Dadra and Nagar Haveli All Those Property Situated At The Commercial Unit No. 1-A, On The Ground Floor And Commercial Unit No. 1 and 2 On The 1st Floor On Plot No. 195, Sector No. 12 Of Vashi, Navi Mumbai, Tal and Dist. Thane All Those Property Situated At Gat No. 531, Located At Village Biranwadi (Previous Savlaj), Tal. Tasgaon, Dist. Snagli, Maharashtra Land Known As Plot No. 1811 In The Panoli Industrial Area, Situated Within Vilage Of Umarwada, Tal. Ankleshwar, Dist. Bharuch Land Known As Plot No. 627 In The Panoli Industrial Estate Situated Within The Village Limit Of Umarwada, Tal. Ankleshwar, Dist. Bharuch Immovable Property Flat No. A-12, Plot No. 52 To 57, 60 To 66 Situated In The Village Bhadkodra, Tal. Ankleshwar, Dist. Bharuch (Jaldarshan Co-Op. Hsg Soc. Limited) Flat No. 34, 3rd Floor, Laxmi Villa Co-Op. Hsg. Soc. Ltd. , Plot No. 45 And 51, Tagore Raod, Santacruz (W), Mumbai – 54 Flat No. A-1/5, Navjivan Co-Op. Hsg Soc Limited, Plot No. 1004/6 To 1004/8, Situated At Village Bhadkodra, Tal. Ankleshwar, Dist. Bharuch Flat No. C-1/8, Navjivan Co-Op. Hsg Soc. Limited, Plot No. 1004/6 To 1004/-8, Situated At Village Bhadkodra, Tal. Ankleshwar, Dist. Bharuch Land Situated At Vaikkadu Village, Tal Saidapet, Dist Of Chengalput (For Further Details Of All The Above Mentioned Property Kindly Refer Schedule I and II Of Me)
Date of instrument modifying the charge	25/08/2009
Particulars of the present modification	Total Facility Is Enhanced From Rs.3293.000 Millions To Rs.3648.000 Millions

FIXED ASSETS:

· Air Conditioner

· Computers

· Electrical Installation and Fittings

· Motor Car

· Plant and Machinery

· Furniture and Fixtures

· Computer Software

WEBSITE DETAILS:

GROUP PROFILE

Established in 1942, the first entity of the group was a modest petroleum specialities trading outfit, with a strength of less than five. From this modest beginning six decades ago, the group has evolved into a multi-product and multi-facility conglomerate. Today it is a leading manufacturer and supplier of a diverse range of petroleum speciality products.

Raj Group today is an eminent Indian Business House having diversified interests ranging from process oils and lubricants to performance chemicals and international trading, as also hospitality and diagnostic services.

Over the past 60 years, the Raj Group has consistently made efforts to be World Class in every sphere of its business activity. Today, the Group has a dynamic global sourcing network, a comprehensive range of products, state-of-the-art ISO 9001:2000 manufacturing facilities, a dedicated research and development outfit to support its present and future innovative needs, and a proactive marketing team servicing a very large number of satisfied customers in India and all continents across the globe.

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter's background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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.50.08
UK Pound	1	Rs.80.36
Euro	1	Rs.68.83

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		52

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.