MIRA INFORM REPORT

Report Date :

21.11.2011

IDENTIFICATION DETAILS

Name :	KLJ PLASTICIZERS LIMITED
Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015
Country :	India
Financials (as on) :	31.03.2011 (Summarized Figures)
Date of Incorporation :	18.07.2008
Com. Reg. No.:	55-181088
Capital Investment / Paid-up Capital :	Rs. 350.000 Millions (As on 31.03.2010)
CIN No.: [Company Identification No.]	U25200DL2008PLC181088
TAN No.: [Tax Deduction & Collection Account No.]	DELK06611D/ DELK09650E
PAN No.: [Permanent Account No.]	AAAFK4651K/ AADCK4412E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Plasticizers
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 2200000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments The company can be considered normal for business dealing 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Jitendra
Designation :	Chartered Accountant

LOCATIONS

Registered / Head Office :	KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015, India
Tel. No.:	91-11-25415823/ 25442790/ 25412105/ 25459706-07-08
Fax No.:	91-11-25459709/ 25910215/ 25536264
E-Mail :	delhi@kjlindia.com sales@kljtownplanners.com mattoo@kljindia.com sales@kljindia.com praveen@kljindia.com secretariat@kljindia.com
Website :	www.kljindia.com
Area :	750 sq. mtr. (Three Floor)
Location :	Owned
Factory :	Survey No. 98/1, Village Chile, Silvassa – 396230, Dadra and Nagar Haveli, India
Tel No.:	91-260-6548914-6/ 6547878/ 2643098/ 2644235
Fax No.:	91-260-2643098
Location :	Owned
Branch Office Mumbai :	76, Juhu Shopping Centre, 2^nd Floor, Gulmohar Cross, 9^th Road, Juhu Scheme, Mumbai-400049, India
Tel. No.:	91-22-26244948-54
E-Mail :	mumbai@kljindia.com
Location :	Owned
Branch Kolkata :	Shanti Niketan Building, Suite No-22, Ground Floor, 8, CAMAC Street, Kolkata-700017, India
Tel. No.:	91-33-22823251
E-Mail :	kolkata@kljindia.com
Location :	Owned
Branch Chennai :	No. 11, 2^nd Floor, Rosy Towers, Nungabakkam Main Road, Nungabakkam, Chennai-600039, Tamilnadu, India
Tel. No.:	91-44-32000815
E-Mail :	chennai@kljindia.com
Location :	Owned
Sales Offices (Real Estate Divisions) :	102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakya Puri, New Delhi-110002, India
Tel. No.:	91-11-24122880-86
Fax No.:	91-11-24122887
E-Mail :	sales@kjltownpalnners.com
Location :	Rented

DIRECTORS

(AS ON 28.09.2011)

Name :

Mr. Kanhaiya Lal Jain

Designation :

Chairman cum Managing Director

Address :

K-71, Kirti Nagar, New Delhi – 110015, India

Date of Birth/Age :

06.04.1946

Date of Appointment :

12.08.2011

Din No.:

00033519

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	U74899DL1984PTC019023	PUNCH PARKASHAN PRIVATE LIMITED	Director	27/08/1984	27/08/1984	19/09/2011	Active	NO
2	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Director	10/09/1995	10/09/1995	-	Active	NO
3	U70101DL1997PTC088313	KLJ ESTATES PRIVATE LIMITED	Director	01/01/2001	01/01/2001	29/01/2009	Active	NO
4	U74899DL1953PTC002338	PRITHVI SOUND PRODUCTS COMPANY PRIVATE LIMITED	Director	21/08/2003	21/08/2003	-	Active	NO
5	U45201DL2006PTC144827	HM BUILDCON PRIVATE LIMITED	Director	29/09/2007	10/07/2007	13/06/2008	Active	NO
6	U45201DL2006PTC145296	KLJ DEVELOPERS PRIVATE LIMITED	Additional director	21/01/2010	21/01/2010	15/02/2010	Active	NO
7	U26940DL2008PTC174160	THETA CEMENT PRIVIATE LIMITED	Additional director	14/02/2011	14/02/2011	-	Active	NO
8	U25200DL2008PLC181088	KLJ PLASTICIZERS PRIVATE LIMITED	Managing director	28/09/2011	12/08/2011	-	Active	NO

Name :

Mr. Pushp Jain

Designation :

Managing Director

Address :

6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, India

Date of Birth/Age :

27.03.1975

Date of Appointment :

18.07.2008

Din No.:

00033289

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	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	30-09-06	13-01-06	01-11-08	Active	NO
2	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	29-09-07	13-01-06	27-01-09	Active	NO
3	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Director	13-01-06	13-01-06	05-03-07	Active	NO
4	U45201DL2006PTC144847	PM BUILDCON PRIVATE LIMITED	Director	13-01-06	13-01-06	28-01-09	Active	NO
5	U45201DL2006PTC144851	PA BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	29-01-09	Active	NO
6	U45400DL2007PTC167418	CADILLAC INFRASTRUCTURE PRIVATE LIMITED	Director	27-08-07	27-08-07	-	Strike off	NO
7	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED	Director	28-09-11	18-07-08	-	Active	NO
8	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Managing director	29-09-11	23-08-11	-	Active	NO

Name :

Mr. Kamal Jain

Designation :

Director

Address :

6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, India

Date of Birth/Age :

08.04.1973

Date of Appointment :

18.07.2008

Din No.:

00033355

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	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Director	05-05-98	05-05-98	-	Active	NO
2	U45201DL2005PTC143314	MVS BUILDWELL PRIVATE LIMITED	Director	29-12-05	29-12-05	02-03-07	Active	NO
3	U45201DL2006PTC144825	MP BUILDCON PRIVATE LIMITED	Director	25-09-06	25-01-06	21-01-09	Active	NO
4	U70101DL1998PTC092359	HAMLOG BUILDERS PRIVATE LIMITED	Director	30-09-06	28-01-06	24-01-09	Active	NO
5	U70101DL1998PTC092091	LUBHAVANI ESTATE PRIVATE LIMITED	Director	30-09-06	28-01-06	22-01-09	Active	NO
6	U51909DL1998PTC092014	UJJAVAL CONSUMABLE GOODS PRIVATE LIMITED	Director	30-09-06	28-01-06	23-01-09	Active	NO
7	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Managing director	29-09-11	30-06-07	-	Active	NO
8	U45400DL2007PTC167472	CADILLAC TECHNO-BUILD PRIVATE LIMITED	Director	27-08-07	27-08-07	26-01-09	Active	NO
9	U45400DL2008PTC173595	AK BUILDTECH PRIVATE LIMITED	Director	05-02-08	05-02-08	13-06-08	Active	NO
10	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	05-02-08	05-02-08	13-06-08	Active	NO
11	U24232DL2008PTC173572	KLJ PHARMA PRIVATE LIMITED	Director	05-02-08	05-02-08	-	Strike off	NO
12	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED	Director	18-07-08	18-07-08	-	Active	NO

Name :

Mrs. Sonali Jain

Designation :

Director

Address :

6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, India

Date of Birth/Age :

20.07.1974

Date of Appointment :

18.07.2008

Din No.:

02141712

Name :

Mr. Prem Prakash Soni

Designation :

Director

Address :

E-3/22, Sector 7, Rohini, Delhi, India

Date of Birth/Age :

10.12.1943

Date of Appointment :

09.08.2008

Din No.:

02658821

Name :

Mr. Praveen Sharma

Designation :

Director

Address :

K-117, 1^st Floor, Kirti Nagar, New Delhi-110015, India

Date of Birth/Age :

13.09.1965

Date of Appointment :

09.08.2008

Din No.:

00023289

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	U51909DL1998PTC092014	UJJAVAL CONSUMABLE GOODS PRIVATE LIMITED	Director	01-07-02	01-07-02	-	Active	NO
2	U70101DL1998PTC092359	HAMLOG BUILDERS PRIVATE LIMITED	Director	02-07-02	02-07-02	-	Active	NO
3	U51909DL1997PTC091166	LUBHAVANI GRAIN TRADERS PRIVATE LIMITED	Director	16-08-04	16-08-04	-	Active	NO
4	U51496DL1998PTC091877	INSPIRATION DEALERS PRIVATE LIMITED	Director	17-08-04	17-08-04	-	Active	NO
5	U51229DL1997PTC088349	JEEWAN JYOTI ENTERPRISES PRIVATE LIMITED	Director	18-08-04	18-08-04	-	Active	NO
6	U74140DL1949PTC001672	VIRMANI INDUSTRIES PRIVATE LIMITED	Director	30-09-05	10-10-04	-	Active	NO
7	U70101DL1998PTC092152	LUBHAVANI PROPERTIES PRIVATE LIMITED	Director	27-08-05	27-08-05	-	Active	NO
8	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	-	Active	NO
9	U45201DL2006PTC144850	JS BUILDWELL PRIVATE LIMITED	Director	02-01-08	13-01-06	-	Active	NO
10	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	13-01-06	13-01-06	-	Active	NO
11	U45303DL1997PTC091172	ASHULOK TRADERS PRIVATE LIMITED	Director	19-08-06	19-08-06	-	Active	NO
12	U45400DL2007PTC167472	CADILLAC TECHNO-BUILD PRIVATE LIMITED	Director	27-08-07	27-08-07	-	Active	NO
13	U45200DL2008PTC173602	PH INFRASTRUCTURE PRIVATE LIMITED	Director	05-02-08	05-02-08	01-07-08	Active	YES
14	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	05-02-08	05-02-08	06-04-09	Active	NO
15	U24232DL2008PTC173572	KLJ PHARMA PRIVATE LIMITED	Director	05-02-08	05-02-08	-	Strike off	NO
16	U55101DL2008PTC173687	KLJ RESORTS PRIVATE LIMITED	Director	06-02-08	06-02-08	-	Strike off	NO
17	U45200DL2008PTC173709	HH BUILDTECH PRIVATE LIMITED	Director	07-02-08	07-02-08	-	Active	NO
18	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED	Director	25-09-09	09-08-08	-	Active	NO

Name :

Mr. Jagdish Nanikram Shahani

Designation :

Director

Address :

A-73, Varsha Building, 4^th Floor, Gulmohar Cross Road, JVPD Scheme, Vile Parle – West, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

13.04.1947

Date of Appointment :

31.01.2011

Email :

Jn.shahani@yahoo.co.in

Din No.:

01647209

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U24114MH1972PLC015706	MAZDA COLOURS LIMITED	Whole-time director	01/08/2010	01/08/2007	Active	NO
2	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED	Director	28/09/2011	31/01/2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikrant Sancheti
Designation :	Manager Exports
Name :	Mr. Jitendra
Designation :	Chartered Accountant
Name :	Mrs. Radha Krishna Agarwala
Designation :	Company Secretary
Address :	359, Niligiri Apartments, Alaknanda, New Delhi-110019, India
Date of Birth/Age :	15.06.1937
Date of Appointment :	01.04.2009
Pan No.:	AACPA6471D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 28.09.2011)

Names of Shareholders	No. of Shares
Pushp Jain	14000000
Neetu Jain	1400
Sushila Jain	1400
Kamal Jain	14000000
Sonali Jain	6994400
Shashi Katyal	1400
Kanak Mal Kothari	1400
Kanhaiya Lal Jain	16000000
Total	51000000

(AS ON 30.09.2011)

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture of Plasticizers

Products :

Product Description	Item Code No.
DI-Octyl Phthalate	2917-39-20

· Phthalate

· Maleate

· Speciality

· Phosphate

· Chlorinated

· Paraffins(CP)

· Sulpho Chloro Paraffin

· Polymer and Engineering Compounds(PVC) Compounds

· TPR and TPE Compounds

· XLPE Compounds

· Polypropline Compouns

· Anti Fibrilation Master Batches

· EVA Compounds

Exports :

Products :

· Plasticizers

Countries :

· Europe

· Saudi Arabia

Imports :

Products :

Raw material

Countries :

· Korea

· Romania

· Singapore

· Brazil

· Malaysia

· South Africa

Terms :

Selling :

L/C, Credit and Cash (30 days)

Purchasing :

L/C, Credit and Cash (30 days)

PRODUCTION STATUS (AS ON 31.03.2009)

Particulars	Installed Capacity	Actual Production
Plasticizers	75000 MT/PA	53512 MT

GENERAL INFORMATION

Suppliers :

NOSIL

Customers :

Wholesalers, Retailers, OEM’s and End Users

· Plaza Cable-Delhi

· Surya Cable-Delhi

· Indo Cable-Delhi

· Blow Plast-Mumbai

· National-Mumbai

No. of Employees :

200 (Approximately)

Bankers :

· State Bank of India,

(MID Corporate Loan Administration Unit), 2^nd Floor, Chandni Chowk, Delhi-110006, India

Facilities :

Secured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
From State Bank of India Cash Credit Facility (Secured by hypothecation of stock of raw materials, stock in process, finished goods and book debts and personal guarantee of Director.)	96.209	108.154
Total	96.209	108.154
Unsecured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
From Directors	126.851	274.600
Total	126.851	274.600

Banking Relations :	--
Auditors :
Name :	Nahata Jain Golchha and Company Chartered Accountant
Address :	4378, Murari Lal street, 4-B, Ansari Road, Darya Ganj, New Delhi – 110002, India
Tel. No.:	91-11-64514061
Fax No.:	91-11-23275314
Email :	njg_co@yahoo.co.in
Associates :	· KLJ Polyalloys · KLJ Polymers and Chemicals Limited · Silvassa Plast · KLJ Organic Limited · KLJ Organic (E.O.U.) Limited · KLJ Resources Limited · Kinetc Impex Limited · Kundalia Industries

CAPITAL STRUCTURE

AS ON 28.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
51000000	Equity Shares	Rs.10/- each	Rs.510.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
51000000	Equity Shares	Rs.10/- each	Rs.510.000 Millions

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

SUMMARIZED FIGURES

(Rs. In Millions)

Particulars	31.03.2011
Paid up Capital	510.000
Reserve and surplus	612.192
Secured Loans	122.249
Unsecured Loans	13.358
Deferred Tax Liabilities	0.522
Net Fixed Assets	95.128
Investment	138.441
Net Current Assets	864.069
Miscellaneous Expenditure	0.694
Turnover (Including Other Income)	6630.924
Total Expenditure	6186.991
Profit/ Loss Before Tax	695.672
Profit/ Loss After Tax	394.716
Earnings Per share Rs.	11.28

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		350.000	250.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		217.505	0.000
4] (Accumulated Losses)		0.000	(68.101)
NETWORTH		567.505	181.899
LOAN FUNDS
1] Secured Loans		96.209	108.154
2] Unsecured Loans		126.851	274.600
TOTAL BORROWING		223.060	382.754
DEFERRED TAX LIABILITIES		0.447	0.312
TOTAL		791.012	564.965
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		85.036	74.019
Capital work-in-progress		0.000	0.364
INVESTMENT		81.660	109.495
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	456.706	310.227
	Sundry Debtors	531.666	395.142
	Cash & Bank Balances	100.590	103.063
	Other Current Assets	0.000	0.000
	Loans & Advances	548.178	241.683
Total Current Assets		1637.140	1050.115
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	809.138	633.092
	Other Current Liabilities	63.713	15.896
	Provisions	141.013	21.427
Total Current Liabilities		1013.864	670.415
Net Current Assets		623.276	379.700
MISCELLANEOUS EXPENSES		1.040	1.387
TOTAL		791.012	564.965

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	4337.303	4013.812
		Other Income	37.337	49.896
		Excise Duty	0.511	66.506
		TOTAL (A)	4375.151	4130.214
Less	EXPENSES
		Raw Material Consumed	3679.902	3996.068
		Other Establishment Expenses	38.180	26.534
		Increase/(Decrease) in Finished Goods	17.987	(6.542)
		Administrative Expenses	178.106	149.334
		Preliminary Expenses	0.347	0.347
		TOTAL (B)	3914.522	4165.741
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		460.629	(35.527)
Less	FINANCIAL EXPENSES (D)		45.142	22.913
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		415.487	(58.440)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.941	8.813
	PROFIT BEFORE TAX (E-F) (G)		404.546	(67.253)
Less	TAX (H)		118.939	0.848
	PROFIT AFTER TAX (G-H) (I)		285.607	(68.101)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(68.101)	--
	BALANCE CARRIED TO THE B/S		217.506	(68.101)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	606.400	349.100
	TOTAL EARNINGS		606.400	349.100
	IMPORTS
		Raw Materials	2142.000	2156.200
	TOTAL IMPORTS		2142.000	2156.200
	Earnings Per Share (Rs.)		8.16	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009
PAT / Total Income	(%)	6.53	(1.65)
Net Profit Margin (PBT/Sales)	(%)	9.33	(1.67)
Return on Total Assets (PBT/Total Assets}	(%)	23.49	(5.98)
Return on Investment (ROI) (PBT/Networth)		0.71	(0.37)
Debt Equity Ratio (Total Liability/Networth)		2.18	5.78
Current Ratio (Current Asset/Current Liability)		1.61	1.57

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE:

Subject is part of KLJ Group of Industries who is the largest manufactured and market leader in plasticizers in south Asia. With an installed capacity of over 75000 tpa. The company offers a complete range of plasticizers and has potential to meet all types of requirement – standard and customized grades.

The product range consists of Phthalate Plasticizers, Maleate Plasticizers, Specially Plasticizers, Flame Retardant Plasticizers.

The company products are used in industries such as wires and cables. Leather cloth, Vinyl flooring, Medical Equipment , Non Toxic Food Containers, footwear, Flexible PVC Films, Adhesive Auto Mobile Parts, Belts, flexible Pipes and Tubing Paints and Lubricants and as chemical intermediates for other industries.

HISTORY:

Subject was incorporated on 18.07.2008 and certified of commencement of Business was issued on 08.08.2008.

Subject was incorporated on 18^th July, 2008 as Joint Stock Company by conversion (under Part IX of the companies act, 1956) of the existing partnership firm company within the meaning of the term as defined by section 566 of the said act. The partners of the erstwhile firm executed a Settlement Deed on 1^st April, 2008 wherein it was resolved to convert the existing firm into a joint stock company which will be vested and shall takeover all the assets and liabilities, receivable and payables of the firm as a going concern w.e.f. the settlement date. The existing partners of the firm as on 1^st April, 2008 having defended the capital into stock of shares acted in dual capacity to become the first shareholders of the newly incorporated company in the ratio of their capital.

Consequent upon the incorporation of the company viz subject all the assets and liabilities of the firm business were recorded in the books of the company at book valuers. The fixed stock of capital was converted into shares capital of the newly incorporated company and the existing partners became directors to carry out the business of the company as part of the same management.

Trade References:

v Plaza Cable

v Surya Cable

Form 8

This form is for	Creation of charge
Corporate identity number of the company	U25200DL2008PLC181088
Name of the company	KLJ Plasticizers Limited
Address of the registered office or of the principal place of business in India of the company	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi-110015, India mattoo@kljindia.com
Type of charge	Immovable Property Book Debts Movable Property (not being pledge) Others: Stock of Raw Materials, finished Goods, Spares etc.
Particular of charge holder	Oriental Bank of commerce H-15, Connaught Circus, New Delhi – 110001, India bm0633@obc.co.in
Nature of description of the instrument creating or modifying the charge	Loan Doc - 1 Agreement of hypothecation of assets.
Date of instrument Creating the charge	23.07.2011
Amount secured by the charge	Rs.660.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Borrower shall pay interest at the rate of 2.50% p.a. over the base lending rate of the bank, with a minimum of 12.75% p.a. calculated on daily balance due to the bank in the said account. Terms of Repayment on demand Margin Cash Credit - 25%-40% - Rs.150.000 Millions PC/ FUBP/ FUDBP - 25% - - (Rs. 40.000 Millions) Letter of Credit - 5% - Rs. 500.000 Millions Bank Guarantee - 5% - Rs 10.000 Millions Extent and Operation of the charge The hypothecated assets to secure the following credit limits sanctioned by Oriental Bank of Commerce to M/s KLJ Plasticizers Limited:- a) Cash Credit - Rs.150.000 Millions b) Letter of credit - Rs. 500.000 Millions c) Bank Guarantee - Rs 10.000 Millions d) PC/ FUBP/ FUDBP - (Rs.40.000 Millions) Others First hypothecation charge on the entire current assets including raw material, stock in process, finished goods including goods in transit, Book debts and Receivables on pari passu basis with SBI. EM of entire fixed assets including factory land and building situated at 98/1/3, Village Silli, Silvassa, U.T. of D&NH standing in the name of the company.

Fixed Assets:

· Land

· Buildings

· Plant And Machine

· Weigh Machine

· Pumps And Motors

· Cycle

· Cars

· Computers

· Electric Fittings

· Storage Tanks

· Crane

· Fans

· Water Treatment Plant

· Insulation

· Scooters

· Tempo

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ABOUT COMPANY

Subject was partnership concern and from 18.07.2008 it has been changed to Limited Company.

Subject is the largest manufacturer and market leader of Plasticizers in South Asia. 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 India, offers wide range of polymer compounds. Subject has an installed capacity of 50,000 TPA.

milestones:

1967

· Kundalia Industries made a humble beginning from PVC compounds in Delhi (10,000 tpa).  Later shifted to KLJ Pollyalloys. 

1985

· Kundalia Industries commenced manufacturing Phthalate Plasticizers (9,000 tpa). Later shifted to KLJ Plasticizers Limited

1990

· KLJ Polymers and Chemicals Limited commenced manufacturing Phthalate Plasticizers (8,000 tpa) in Silvassa, which was later modified to manufacture Specialty Plasticizers

1996

· KLJ Organic Limited commenced manufacturing Chlorinated Paraffins (50,000 tpa currently) in Bharuch.

1997 -

· KLJ Plasticizers Limited, commenced manufacturing Phthalate Plasticizers (84,000 tpa currently) in Silvassa.

1998

Silvassa Plast, Multi-Product Plasticizer plant (30,000 tpa currently) in Silvassa.

KLJ Pollyalloys expanded Group's PVC Compounding activities at Silvassa (25,000 tpa currently).

2001

· KLJ Organic Limited started Flame Retardant Plasticizers (3,600 tpa currently).

2004

KLJ Polymers and Chemicals Limited (Unit-II), diversified into TPR, EVA, PP, Anti-Fab, XLPE compounds, etc.(35,000 tpa currently) bringing KLJ among the top Indian Polymer Compounders with a capacity of about 60,000 tpa.

Ganga Udyog Private Limited commenced manufacturing Plasticizers in Nepal (30,000 tpa). Later shifted to KLJ Plasticizers Limited, Silvassa.

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.

2008

· KLJ Organic (Thailand) Limited , commenced manufacturing Chlorinated Paraffins (12,000 tpa ) bringing the Group's total Plasticizer capacity in excess of 185,000 tpa.

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.51.35
UK Pound	1	Rs.80.97
Euro	1	Rs.69.26

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.