BUSINESS INFORMATION REPORT

1. Summary Information

		Country	INDIA
Company Name	PCL OIL AND SOLVENTS LIMITED	Principal Name 1	MR. SATISH KUMAR SETHI
Status	SATISFACTORY	Principal Name 2	MR. SOM PRAKASH SETHI
		Registration #	55-048451
Street Address	M-105, CONNAUGHT CIRCUS, 2^ND FLOOR, NEW DELHI – 110 001
Established Date	24.04.1992	SIC Code	--
Telephone#	91-11-23417191	Business Style 1	MANUFACTURING
Fax #	91-11-23413063	Business Style 2	TRADING
Homepage	http://www.pclgroup.in	Product Name 1	CHEMICALS
# of employees	NOT AVIALABLE	Product Name 2	--
Paid up capital	RS.39,535,000/-	Product Name 3	--
Shareholders	BODIES CORPORATE-36.68% DIRECTORS OR RELATIVES OF DIRECTORS-63.32%	Banking	UNION BANK OF INDIA
Public Limited Corp.	NO	Business Period	19 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (46)
Related Company
Relation	Country	Company Name	CEO
ASSOCIATE CONCERNS	--	RITZY CHEMICALS PRIVATE LIMITED	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,194,303,000	Current Liabilities	764,158,000
Inventories	507,578,000	Long-term Liabilities	844,659,000
Fixed Assets	43,913,000	Other Liabilities	6,688,000
Deferred Assets	0,000	Total Liabilities	1,615,505,000
Invest& other Assets	21,780,000	Retained Earnings	112,534,000
		Net Worth	152,069,000
Total Assets	1,767,574,000	Total Liab. & Equity	1,767,574,000
Total Assets (Previous Year)	1,218,361,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	2,332,905,000	Net Profit	41,741,000
Sales(Previous yr)	2,536,734,000	Net Profit(Prev.yr)	(42,218,000)

MIRA INFORM REPORT

Report Date :

06.03.2012

IDENTIFICATION DETAILS

Name :	PCL OIL AND SOLVENTS LIMITED
Registered Office :	M-105, Connaught Circus, 2^nd Floor, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	24.04.1992
Com. Reg. No.:	55-048451
Capital Investment / Paid-up Capital :	Rs.39.535 millions
CIN No.: [Company Identification No.]	U15142DL1992PLC048451
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Trading of Chemicals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 608000
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 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 – 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

LOCATIONS

Registered Office/ Sales Office :	M-105, Connaught Circus, 2^nd Floor, New Delhi – 110 001, India
Tel. No.:	91-11-23417191/ 92/ 93
Fax No.:	91-11-23413063
E-Mail :	hopclgroup@live.com pclritzy@hotmail.com
Website :	http://www.pclgroup.in
Corporate Office :	703, 7^th Floor, DLF Tower-B, District Centre Jasola, New Delhi – 110 044, India
Tel. No.:	91-11-49900000 (100 Lines)
Fax No.:	91-11-49900099
E-Mail :	info@pclgroup.in
Factory :	Plot No.56, Dunethe, Kunta Road, Bhenslore, Daman (U.T), India
Tel. No.:	91-260-2262351/ 2263908
Fax No.:	91-260-2263909
Regional Office 1 :	12, Mahavir Chambers, 333/337, Samuel Street, Mumbai - 400 003, Maharashtra, India
Regional Office :	Also located at: v Faridabad v Gurgaon
Stockists/ Distributors :	Located at: v Chennai v Kolkata v Indore v Ahmedabad

DIRECTORS

As on 23.09.2011

Name :

Mr. Satish Kumar Sethi

Designation :

Whole-Time Director

Address :

B-342, New Friends Colony, New Delhi - 110 065, India

Date of Birth/Age :

22.12.1952

Date of Appointment :

24.04.1992

DIN No.:

00066187

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	08-01-86	08-01-86	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Whole-time director	01-02-12	24-04-92	-	Active	NO
3	U74899DL1992PTC049537	PCL Agro Private Limited	Director	13-07-92	13-07-92	-	Active	NO
4	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
5	U45201DL1997PTC086919	Nikhil Udyog Private Limited	Director	29-04-97	29-04-97	-	Active	NO
6	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	11-07-97	11-07-97	-	Active	NO
7	U70101DL1989PTC035708	Swan Estates Private Limited	Director	27-09-01	27-09-01	-	Active	NO
8	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
9	U74899DL1992PTC049344	Patridge Enterprises Private Limited	Director	28-08-02	28-08-02	-	Active	NO
10	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	27-03-08	Active	NO
11	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	25-06-03	25-06-03	-	Active	NO
12	U72200DL2001PTC110674	Vigil Systems Private Limited	Director	08-08-03	08-08-03	21-06-10	Active	NO
13	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	24-12-10	Strike off	NO
14	U93091DL2006PLC148243	PCL Export (India) Limited	Director	29-05-06	29-05-06	-	Active	NO
15	U74999DL2007PTC161977	Ritzy Chemicals Private Limited	Director	12-04-07	12-04-07	-	Active	NO
16	U74900DL2007PTC168151	Ritzy International Private Limited	Director	13-09-07	13-09-07	-	Active	NO
17	U51909DL2011PTC222355	Meghaaarika Enterprises Private Limited	Director	14-07-11	14-07-11	-	Active	NO

Name :

Mr. Som Prakash Sethi

Designation :

Director

Address :

30, Ishwar Nagar, New Delhi – 110 065, India

Date of Birth/Age :

23.07.1941

Date of Appointment :

24.04.1992

DIN No.:

00051137

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	08-01-86	08-01-86	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	24-04-92	24-04-92	-	Active	NO
3	U74899DL1992PTC049537	PCL Agro Private Limited	Director	13-07-92	13-07-92	-	Active	NO
4	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
5	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	11-07-97	11-07-97	-	Active	NO
6	U70101DL1989PTC035708	Swan Estates Private Limited	Director	27-09-01	27-09-01	-	Active	NO
7	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
8	U45201DL2002PTC117579	Tripta Properties Private Limited	Director	01-11-02	01-11-02	-	Active	NO
9	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	27-03-03	27-03-03	-	Active	NO
10	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	27-03-08	Active	NO
11	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	-	Strike off	NO
12	U45201DL2001PTC112814	R. R. Towers Private Limited	Director	30-01-04	30-01-04	-	Active	NO
13	U67120MH2003PTC075002	Deep-Mala Shares And Trade Private Limited	Director	14-02-04	14-02-04	-	Dormant	NO
14	U14220DL2004PTC130646	PCL Mines (India) Private Limited	Director	19-11-04	19-11-04	-	Active	NO
15	U74899DL1992PTC050963	Jai Jawan Coal Carriers Private Limited	Director	19-05-05	19-05-05	-	Active	NO
16	U93091DL2006PLC148243	PCL Export (India) Limited	Director	29-05-06	29-05-06	-	Active	NO
17	U80101DL2006PTC148669	Shikhar Academy Private Limited.	Director	02-06-06	02-06-06	-	Strike off	NO
18	U74999DL2000PTC103545	MPA Oils Private Limited	Director	03-05-07	03-05-07	-	Active	NO
19	U55204DL2008PTC185793	FGM Hotels Private Limited	Director	15-12-08	15-12-08	-	Active	YES
20	U51219WB1995PTC067355	Sofed Cabinet Private Limited	Director	12-01-09	12-01-09	-	Active	YES
21	U17297DL2005PTC131982	Ameks Techfab Private Limited	Director	21-01-09	21-01-09	30-03-09	Active	YES
22	U51219WB1995PTC067347	Suralap Stationery Private Limited	Director	05-03-09	05-03-09	-	Active	NO
23	U70100HR2010PTC040901	S. S. Enviro Infra Private Limited	Director	14-07-10	14-07-10	-	Active	NO
24	U51900DL2010PTC209921	Jvalin Export Private Limited	Director	28-10-10	28-10-10	-	Active	NO
25	U93030HR2010PTC041486	S P Geotech Services Private Limited	Director	03-11-10	03-11-10	-	Active	NO
26	U14100DL2010PTC205699	Premier Rock Products Private Limited	Director	22-12-10	22-12-10	-	Active	NO
27	U40106DL2011PTC215665	Jvalin Energy Systems Private Limited	Director	10-03-11	10-03-11	-	Active	NO

Name :

Mr. Pradip Kumar Sethi

Designation :

Director

Address :

A–189, New Friends Colony, New Delhi – 110 065, India

Date of Birth/Age :

15.10.1955

Date of Appointment :

24.04.1992

DIN No.:

00051112

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	08-01-86	08-01-86	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	24-04-92	24-04-92	-	Active	NO
3	U74899DL1992PTC049537	PCL Agro Private Limited	Director	13-07-92	13-07-92	-	Active	NO
4	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
5	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	11-07-97	11-07-97	-	Active	NO
6	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
7	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	27-03-03	27-03-03	-	Active	NO
8	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	27-03-08	Active	NO
9	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	-	Strike off	NO
10	U67120MH2003PTC075002	Deep-Mala Shares and Trade Private Limited	Director	14-02-04	14-02-04	-	Dormant	NO
11	U74899DL1992PTC050963	Jai Jawan Coal Carriers Private Limited	Director	19-05-05	19-05-05	-	Active	NO
12	U80101DL2006PTC148669	Shikhar Academy Private Limited	Director	02-06-06	02-06-06	-	Strike off	NO
13	U55204DL2008PTC185793	Fgm Hotels Private Limited	Director	15-12-08	15-12-08	14-02-11	Active	YES
14	U51219WB1995PTC067355	Sofed Cabinet Private Limited	Director	12-01-09	12-01-09	-	Active	YES
15	U17297DL2005PTC131982	Ameks Techfab Private Limited	Director	21-01-09	21-01-09	-	Active	YES
16	U51219WB1995PTC067347	Suralap Stationery Private Limited	Director	05-03-09	05-03-09	-	Active	NO
17	U14200DL2009PTC192849	FGM Minerals Private Limited	Director	04-08-09	04-08-09	-	Active	NO
18	U40106DL2011PTC215665	Jvalin Energy Systems Private Limited	Director	10-03-11	10-03-11	-	Active	NO

Name :

Mr. Pawan Sethi

Designation :

Director

Address :

30, Ishwar Nagar, New Delhi – 110 065, India

Date of Birth/Age :

11.02.1967

Date of Appointment :

24.04.1992

DIN No.:

02133121

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	08-01-86	08-01-86	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	24-04-92	24-04-92	-	Active	NO
3	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
4	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	23-07-97	23-07-97	-	Active	NO
5	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
6	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	27-03-03	27-03-03	-	Active	NO
7	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	27-03-08	Active	NO
8	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	24-12-10	Strike off	NO

Name :

Mr. Raman Sethi

Designation :

Director

Address :

30, Ishwar Nagar, New Delhi – 110 065, India

Date of Birth/Age :

17.09.1968

Date of Appointment :

04.08.1994

DIN No.:

01038112

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	11-03-92	11-03-92	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	04-08-94	04-08-94	-	Active	NO
3	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
4	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	23-07-97	23-07-97	-	Active	NO
5	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
6	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	27-03-03	27-03-03	-	Active	NO
7	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	20-03-08	Active	NO
8	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	24-12-10	Strike off	NO
9	U14220DL2004PTC130646	PCL Mines (India) Private Limited	Director	19-11-04	19-11-04	-	Active	NO
10	U72300DL2005PTC135748	PCL IT Solutions Private Limited	Director	03-05-05	03-05-05	03-06-08	Active	NO
11	U93091DL2006PLC148243	PCL Export (India) Limited	Director	29-05-06	29-05-06	-	Active	NO
12	U55204DL2008PTC185793	FGM Hotels Private Limited	Director	15-12-08	15-12-08	14-02-11	Active	YES
13	U51219WB1995PTC067355	Sofed Cabinet Private Limited	Director	19-12-08	19-12-08	-	Active	YES
14	U17297DL2005PTC131982	Ameks Techfab Private Limited	Director	21-01-09	21-01-09	-	Active	YES
15	U51219WB1995PTC067347	Suralap Stationery Private Limited	Director	05-03-09	05-03-09	-	Active	NO
16	U51900DL2010PTC209921	Jvalin Export Private Limited	Director	28-10-10	28-10-10	-	Active	NO
17	U40106DL2011PTC215665	Jvalin Energy Systems Private Limited	Director	10-03-11	10-03-11	-	Active	NO

Name :

Mr. Aman Sethi

Designation :

Director

Address :

30, Ishwar Nagar, New Delhi – 110 065, India

Date of Birth/Age :

24.02.1971

Date of Appointment :

04.08.1994

DIN No.:

00066168

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	L74899DL1986PLC023012	PCL Enterprises Limited	Director	01-08-94	01-08-94	-	Active	NO
2	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	04-08-94	04-08-94	-	Active	NO
3	U74899DL1996PLC077599	PCL Containers Limited	Director	27-03-96	27-03-96	-	Active	NO
4	U24299DL1997PTC088498	Vistaar Enterprises Private Limited	Director	23-07-97	23-07-97	-	Active	NO
5	U74899DL1970PTC005268	Burman Farms Private Limited	Director	24-07-02	24-07-02	-	Active	NO
6	U45201DL2002PTC117579	Tripta Properties Private Limited	Director	01-11-02	01-11-02	-	Active	NO
7	U74899DL1995PTC071678	Rose Enterprises Private Limited	Director	27-03-03	27-03-03	-	Active	NO
8	U55101DL2003PTC121057	Pllazio Hotels and Resorts Private Limited	Director	25-06-03	25-06-03	27-03-08	Active	NO
9	U45201DL2003PTC121973	Highseas Constructions Private Limited	Director	28-08-03	28-08-03	24-12-10	Strike off	NO
10	U45201DL2001PTC112814	R. R. Towers Private Limited	Director	30-01-04	30-01-04	-	Active	NO
11	U74899DL1992PTC050963	Jai Jawan Coal Carriers Private Limited	Director	19-05-05	19-05-05	-	Active	NO
12	U93091DL2006PLC148243	Pcl Export (India) Limited	Director	29-05-06	29-05-06	-	Active	NO
13	U74999DL2000PTC103545	MPA Oils Private Limited	Director	03-05-07	03-05-07	-	Active	NO
14	U55204DL2008PTC185793	FGM Hotels Private Limited	Director	15-12-08	15-12-08	-	Active	YES
15	U51219WB1995PTC067355	Sofed Cabinet Private Limited	Director	19-12-08	19-12-08	-	Active	YES
16	U17297DL2005PTC131982	Ameks Techfab Private Limited	Director	21-01-09	21-01-09	-	Active	YES
17	U51219WB1995PTC067347	Suralap Stationery Private Limited	Director	05-03-09	05-03-09	-	Active	NO
18	U14200DL2009PTC192849	FGM Minerals Private Limited	Director	04-08-09	04-08-09	-	Active	NO
19	U70100HR2010PTC040901	S. S. Enviro Infra Private Limited	Director	14-07-10	14-07-10	-	Active	NO
20	U14100DL2010PTC205699	Premier Rock Products Private Limited	Director	22-12-10	22-12-10	-	Active	NO
21	U40106DL2011PTC215665	Jvalin Energy Systems Private Limited	Director	10-03-11	10-03-11	-	Active	NO

Name :

Mr. Nikhil Sethi

Designation :

Director

Address :

B-342, New Friends Colony, New Delhi – 110 065, India

Date of Birth/Age :

14.09.1981

Date of Appointment :

10.04.2010

DIN No.:

00066199

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	U74899DL1992PTC049344	Patridge Enterprises Private Limited	Director	28-08-02	28-08-02	Active	NO
2	U45201DL1997PTC086919	Nikhil Udyog Private Limited	Director	26-03-07	26-03-07	Active	NO
3	U74999DL2007PTC161977	Ritzy Chemicals Private Limited	Director	12-04-07	12-04-07	Active	NO
4	U74900DL2007PTC168151	Ritzy International Private Limited	Director	13-09-07	13-09-07	Active	NO
5	U15142DL1992PLC048451	PCL Oil and Solvents Limited	Director	08-12-11	10-04-10	Active	NO
6	U51909DL2011PTC222355	Meghaaarika Enterprises Private Limited	Director	14-07-11	14-07-11	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 23.09.2011

Names of Shareholders	No. of Shares
Somparkash Sethi	287500
Satish Kumar Sethi	255500
Sushil Kumar Ojha	25500
Pradip Kumar Sethi	215500
Pawan Sethi	166000
Raman Sethi	150500
Aman Sethi	175500
Tripta Sethi	157500
Versha Sethi	175000
Suman Sethi	150000
Geetika Sethi	125000
Gauri Sethi	125000
Rimple Sethi	125000
Nikhil Sethi	75000
Niti Sethi	60000
Megh Sethi	75000
Paras Sethi	60000
Rasik Sethi	75000
Kailashwanti Sethi	25000
PCL Enterprises Limited, India	1450000
Total	3953500

As on 23.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	36.68
Directors or relatives of directors	63.32
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Chemicals.

Products :

v DOP (Di-octyl Phthalate) v DBP ((Di-butyl Phthalate) v DIBP (Di-isobutyl Phthalate) v DINP (Di-isononyl Phthalate) v DIDP (Di-isodyecyl Phthalate) v DOM (Di-octyl Maleate) v DBM (Di-butyl Maleate) v DOA (Di-octyl Adipate) v 2EH (2-ethyl Hexanol) v IBA (Iso-butyl Alcohol) v NBA (Normal-butyl Alcohol) v INA (Iso-nonyl Alcohol) v Orthoxylene v Phthalic Anhydride (PAN) v Toluene v Cyclohexanone v Acetone v Phenol v PVC resins (Suspension/Paste Grade) v EVA (Ethylene Vinyl Acetate) v HNP (Heavy Normal Paraffin) v NP (Normal Paraffin) v LNP (Liquid Normal Paraffin) v TOTM (Tri-octyl Trimelliate) v Linear Alkyl Benzene (LAB) v Methanol v Isopropyl Alcohol (LPA)

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Licensed Capacity	Installed Capacity	Production Quantity (In Mt)
Plasticizers	75000 (a.f.)	75000 (u.p.)	28169.682

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

v Union Bank of India, Industrial Finance Branch , M-11 First Floor Middle Circle , Connaught Circus, New Delhi – 110 001, India

v Oriental Bank of Commerce Limited, Industrial Finance Branch, H - Block, Connought Place, New Delhi – 110 001, India

v ICICI Limited

v HDFC Bank Limited

Facilities :

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Secured (Short Term):
Cash Credit/WCLD A/c (Union Bank of India) Secured against Book Debts and Hypothecation of Stock of Raw Materials, Finished Goods and WIP and pari passu Charge on the Plant and Machinery and other Assets of the Company. Further Secured by guarantee of the Directors of the Company.	338.942	315.918
Cash Credit/WCLD A/c (Oriental Bank of Commerce) Secured against Book Debts and Hypothecation of Stock of Raw Materials, Finished Goods and WIP and pari passu charge on the Plant and Machinery and other Assets of the Company. Further Secured by guarantee of the Directors of the Company.	135.441	95.209
External Commercial Borrowing Secured against undertaking given by Union Bank of India	194.094	0.000
Secured (Long Term):
ICICI Limited Secured by first charge on the Company’s Vehicles	0.000	0.115
HDFC Bank Limited Secured by first charge on the Company’s Vehicles	0.525	1.076
Total	669.002	412.318

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Directors	22.787	5.695
Others	152.870	118.357
Total	175.657	124.052

Banking Relations :	--
Financial Institution :	Tata Capital Limited, One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai – 400 001, Maharashtra, India
Auditors :
Name :	Anil Gupta and Associates Chartered Accountants
Address :	819, Vishal Tower, District Centre, Janakpuri, New Delhi - 110 058, India
Tel. No.:	91-11-25618216/ 25516828
Income-tax PAN of auditor or auditor's firm :	AAIPG8663K
Associate Concerns :	v Ritzy Chemicals Private Limited v Ritzy International Private Limited v Ritzy Polymers v Ritzy Associates v Ritzy Enterprises v Frontier Petrochem v Patridge Enterprises Private Limited v Nikhil Udyog Private Limited v PCL Enterprises Limited v PCL Solvents v Faridabad Gurgaon Minerals v PCL Apparels v PCL Estate and Construction Company

CAPITAL STRUCTURE

As on 23.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3953500	Equity Shares	Rs.10/- each	Rs.39.535 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		39.535	39.535	39.535
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		112.534	70.793	112.441
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		152.069	110.328	151.976
LOAN FUNDS
1] Secured Loans		669.002	412.318	200.142
2] Unsecured Loans		175.657	124.052	108.652
TOTAL BORROWING		844.659	536.370	308.794
DEFERRED TAX LIABILITIES		6.688	0.000	6.256
TOTAL		1003.416	646.698	467.026
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		43.913	48.583	45.633
Capital work-in-progress		21.730	0.000	0.000
INVESTMENT		0.050	0.050	0.050
DEFERRED TAX ASSETS		0.000	12.583	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	507.578	229.929	187.357
	Sundry Debtors	986.015	747.621	769.509
	Cash & Bank Balances	58.830	65.800	139.891
	Other Current Assets	7.622	0.000	0.000
	Loans & Advances	141.836	113.795	102.250
Total Current Assets		1701.881	1157.145	1199.007
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	712.152	538.525	747.361
	Other Current Liabilities	52.006	33.138	30.303
	Provisions	0.000	0.000	0.000
Total Current Liabilities		764.158	571.663	777.664
Net Current Assets		937.723	585.482	421.343
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1003.416	646.698	467.026

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Net Sales	2332.905	2536.734	1968.115
		Other Income	0.915	0.048	2.060
		TOTAL (A)	2333.820	2536.782	1970.175
Less	EXPENSES
		Increase/ Decrease in Value of Closing Stock of Finished Goods	(13.842)	15.270	(2.422)
		Raw Material Consumed/sold	2091.967	2411.335	1818.266
		Manufacturing Administrative & Other Expenses	133.954	120.041	87.910
		TOTAL (B)	2212.079	2546.646	1903.754
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		121.741	(9.864)	66.421
Less	INTEREST (D)		53.097	45.328	43.851
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		68.644	(55.192)	22.570
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.334	4.941	5.057
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		63.310	(60.133)	17.513
Less	TAX (H)		21.569	(17.915)	6.767
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		41.741	(42.218)	10.746
	IMPORT VALUE		831.825	794.251	752.322
	Earnings/ (Loss) Per Share (Rs.)		10.56	(10.68)	2.72

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.79	(1.66)	0.55
Net Profit Margin (PBT/Sales)	(%)	2.71	(2.37)	0.89
Return on Total Assets (PBT/Total Assets}	(%)	3.63	(4.99)	1.41
Return on Investment (ROI) (PBT/Networth)		0.42	(0.55)	0.12
Debt Equity Ratio (Total Liability/Networth)		10.58	10.04	7.15
Current Ratio (Current Asset/Current Liability)		2.23	2.02	1.54

LOCAL AGENCY FURTHER INFORMATION

CONTINGENT LIABILITIES: (AS ON 31.03.2010)

v Bank Guarantee as at 31.03.2010 is Rs.1.185 millions

v Corporate Guarantee as on 31.03.2010 is Rs.4.642 millions.

Bankers Charges Report as per Registry

Corporate identity number of the company	U15142DL1992PLC048451
Name of the company	PCL OIL AND SOLVENTS LIMITED
Address of the registered office or of the principal place of business in India of the company	M-105, Connaught Circus, 2^nd Floor, New Delhi - 110 001, India Email: hopclgroup@live.com
This form is for	Creation of Charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai – 400 001, Maharashtra, India Email: shailesh.rajadhyaksha@tatacapital.com
Nature of instrument creating charge	Loan cum Hypothecation cum Guarantee Agreement Dated 29.08.2011
Date of instrument Creating the charge	29.08.2011
Amount secured by the charge	Rs.20.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Long Term Lending Rate (LTLR) @ 17.50% per annum. Rate of Interest @ 3.25% p.a. below LTLR, subject to a minimum of 11.5% p.a. Terms of repayment Principal amount to be repaid in 46 monthly installments of Rs.0.426 million and 47^th installment of Rs.0.404 million commencing from 10.11.2011 and ending on 10.09.2015. Extent and operation of the charge The charge extends to the due repayment of the loan of Rs.20.000 millions including the interest, additional interest, additional interest, costs, charges, expenses and all other monies payable to Tata Capital Limited. In the event of default in Payment of Interest or repayment of Principal amount of the Loan the Borrower shall pay to the Lender, further interest @ 4% p.a. as penal interest.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Reactors (Complete System) Economic Agitators Thermopac Unit (BOP) Part of thermax Boiler BOP Thermopac Unit Electronics Weighing Scale DG Set (500KVA) LT Panel

FIXED ASSETS

v Land

v Building (Factory)

v Building (Office)

v Furniture and Fixture

v Fan

v Office Equipment

v Computer

v Printer

v Refrigerator

v Plant and Machinery (SSI)

v Plant and Machinery (Others)

v Air Conditioner

v Fire Extinguisher

v Generator

v Electricity Installation

v Tube well

v Invertor

v Transformer

v Water Treatment Plant

v Weighing Instruments

v Vehicles

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.49.80
UK Pound	1	Rs.78.79
Euro	1	Rs.65.74

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

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.