MIRA INFORM REPORT

Report Date :

22.05.2013

IDENTIFICATION DETAILS

Name :	KLJ PLASTICIZERS LIMITED
Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	18.07.2008
Com. Reg. No.:	55-181088
Capital Investment / Paid-up Capital :	Rs. 510.000 Millions
CIN No.: [Company Identification No.]	U25200DL2008PLC181088
TAN No.: [Tax Deduction & Collection Account No.]	DELK06611D
PAN No.: [Permanent Account No.]	AAAFK4651K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in manufacturing and selling of plasticizers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 6200000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of reputed “KLJ group”. It is well established company having a satisfactory track record. There appears drastic dip in the profitability of the company. However, trade relations are fair. Business is active. Payments terms are usually correct as per commitment. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term borrowings: A
Rating Explanation	Adequate degree safety and low credit risk.
Date	6 December, 2012

Rating Agency Name	CRISIL
Rating	Short term borrowings: A1
Rating Explanation	Very strong degree safety and lowest credit risk.
Date	6 December, 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office/ Head Office :	KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015, India
Tel. No.:	91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 / 41427427-29
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
Branch Office 1:	76, Juhu Shopping Centre, 2^nd Floor, Gulmohar Cross, 9^th Road, Juhu Scheme, Mumbai-400049, India
Tel. No.:	91-22-26244948-54
Fax No.:	91.22-26244009
E-Mail :	mumbai@kljindia.com
Branch Office 2:	Shanti Niketan Building, Suite No-22, Ground Floor, 8, CAMAC Street, Kolkata-700017, India
Tel. No.:	91-33-22823251
E-Mail :	kolkata@kljindia.com
Branch Office 3:	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
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
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

DIRECTORS

As on 28.09.2012

Name :

Mr. Kanhaiya Lal Jain

Designation :

Managing Director

Address :

K-71, Kirti Nagar, New Delhi – 110 015, India

Date of Birth/Age :

06.04.1946

Date of Appointment :

28.09.2011

DIN NO.:

00033519

PAN NO.:

AAFPJ3905N

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	Director	30/09/2011	14/02/2011	18/12/2012	Active	NO
8	U25200DL2008PLC181088	KLJ PLASTICIZERS 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 :

28.09.2011

Din No.:

00033289

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	30/09/2006	13/01/2006	01/11/2008	Active	NO
2	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	29/09/2007	13/01/2006	27/01/2009	Active	NO
3	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	05/03/2007	Active	NO
4	U45201DL2006PTC144847	PM BUILDCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	28/01/2009	Active	NO
5	U45201DL2006PTC144851	PA BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	29/01/2009	Active	NO
6	U45400DL2007PTC167418	CADILLAC INFRASTRUCTURE PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Strike off	NO
7	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	28/09/2011	18/07/2008	-	Active	NO
8	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Managing director	29/09/2011	23/08/2011	-	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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Director	05/05/1998	05/05/1998	-	Active	NO
2	U45201DL2005PTC143314	MVS BUILDWELL PRIVATE LIMITED	Director	29/12/2005	29/12/2005	02/03/2007	Active	NO
3	U45201DL2006PTC144825	MP BUILDCON PRIVATE LIMITED	Director	25/09/2006	25/01/2006	21/01/2009	Active	NO
4	U70101DL1998PTC092359	HAMLOG BUILDERS PRIVATE LIMITED	Director	30/09/2006	28/01/2006	24/01/2009	Active	NO
5	U70101DL1998PTC092091	LUBHAVANI ESTATE PRIVATE LIMITED	Director	30/09/2006	28/01/2006	22/01/2009	Active	NO
6	U51909DL1998PTC092014	UJJAVAL CONSUMABLE GOODS PRIVATE LIMITED	Director	30/09/2006	28/01/2006	23/01/2009	Active	NO
7	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Managing director	29/09/2011	30/06/2007	-	Active	NO
8	U45400DL2007PTC167472	CADILLAC TECHNO-BUILD PRIVATE LIMITED	Director	27/08/2007	27/08/2007	26/01/2009	Active	NO
9	U45400DL2008PTC173595	AK BUILDTECH PRIVATE LIMITED	Director	05/02/2008	05/02/2008	13/06/2008	Active	NO
10	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	05/02/2008	05/02/2008	13/06/2008	Active	NO
11	U24232DL2008PTC173572	KLJ PHARMA PRIVATE LIMITED	Director	05/02/2008	05/02/2008	-	Strike off	NO
12	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	18/07/2008	18/07/2008	-	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

PAN NO.:

ACBPJ6705C

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 :

25.09.2009

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 :

25.09.2009

DIN No.:

00023289

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909DL1998PTC092014	UJJAVAL CONSUMABLE GOODS PRIVATE LIMITED	Director	01/07/2002	01/07/2002	-	Active	NO
2	U70101DL1998PTC092359	HAMLOG BUILDERS PRIVATE LIMITED	Director	02/07/2002	02/07/2002	-	Active	NO
3	U51909DL1997PTC091166	LUBHAVANI GRAIN TRADERS PVT LTD	Director	16/08/2004	16/08/2004	-	Active	NO
4	U51496DL1998PTC091877	INSPIRATION DEALERS PRIVATE LIMITED	Director	17/08/2004	17/08/2004	-	Active	NO
5	U51229DL1997PTC088349	JEEWAN JYOTI ENTERPRISES PRIVATE LIMITED	Director	18/08/2004	18/08/2004	-	Active	NO
6	U74140DL1949PTC001672	VIRMANI INDUSTRIES PRIVATE LTD	Director	30/09/2005	10/10/2004	-	Active	NO
7	U70101DL1998PTC092152	LUBHAVANI PROPERTIES PRIVATE LIMITED	Director	27/08/2005	27/08/2005	-	Active	NO
8	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	-	Active	NO
9	U45201DL2006PTC144850	JS BUILDWELL PRIVATE LIMITED	Director	02/01/2008	13/01/2006	-	Active	NO
10	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	-	Active	NO
11	U45303DL1997PTC091172	ASHULOK TRADERS PRIVATE LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
12	U45400DL2007PTC167472	CADILLAC TECHNO-BUILD PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Active	NO
13	U45200DL2008PTC173602	PH INFRASTRUCTURE PRIVATE LIMITED	Director	05/02/2008	05/02/2008	01/07/2008	Active	NO
14	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	05/02/2008	05/02/2008	06/04/2009	Active	NO
15	U24232DL2008PTC173572	KLJ PHARMA PRIVATE LIMITED	Director	05/02/2008	05/02/2008	-	Strike off	NO
16	U55101DL2008PTC173687	KLJ RESORTS PRIVATE LIMITED	Director	06/02/2008	06/02/2008	-	Strike off	NO
17	U45200DL2008PTC173709	HH BUILDTECH PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
18	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	25/09/2009	09/08/2008	-	Active	NO

Name :

Mr. Jagdish Nanikram Shahani

Designation :

Additional Director

Address :

A-73, Varsha Building 4^th Floor, Gulmohar Cross Raod, JVPD, Ccheme, Vile Parle (West), Mumbai – 400 049, Maharashtra, India

Date of Birth/Age :

13.04.1947

Date of Appointment :

28.09.2011

DIN No.:

01647209

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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 :	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 28.09.2012

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

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in manufacturing and selling of plasticizers.

Products :

Item Code No.	Product Description
29173990	Other armtc plycrboxylic Acids etc.

PRODUCTION STATUS (as on 31.03.2012)

Particulars	Installed Capacity	Actual Production
Plasticizers	1,26,150 MT/PA	92,309 MT

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Commercial Branch, N-3 , South Extension Part -I, New Delhi - 110048, India

· State Bank of India, Commercial Branch, A-5 , South Extension Part -I, New Delhi - 110049, India

· Oriental Bank of Commerce, H-15, Connaught Circus, New Delhi - 110001, India

· State Bank of India, Commercial Branch, 59, Community Centre, Naraina Industrial Area, Phase-I, New Delhi - 110 028, India

· State Bank of India, K.V.I.C. Building, Irla Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

· HDFC Bank Limited, HDFC Bank House, Senapati, Bapat Marg, Lower Parel, Mumbai, Maharashtra, India

· Dena Bank, A-3, Kirti Nagar, Najafgarh Road Branch, New Delhi - 110015, Delhi, India

· Standard Chartered Bank, Raheja Towers, Sixth Floor, No. 26-27, M.G Road, Bangalore – 560001, Karnataka, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Rupee term loans from banks	100.168	0.000
Working capital loans from banks	214.559	122.249
Total	314.727	122.249

Banking Relations :
Auditors :
Name :	Nahata Jain Golchha and Company Chartered Accountants
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
PAN No.:	AAEFN8137H
Associates Company :	· KLJ Polyalloys, India · KLJ Polymers and Chemicals Limited, India (CIN: U24119DL1989PLC036883) · KLJ Organic Limited, India (CIN: U74899DL1995PLC068170) · KLJ Organic (E.O.U.) Limited, India · KLJ Organic Limited ( Thailand) , India · KLJ Resources Limited, India (CIN: L67120WB1986PLC041487) · Kinetc Impex Limited, India (CIN: L51909WB1985PLC039455) · Kundalia Industrie, India · Silvassa Plast

CAPITAL STRUCTURE

As on 31.03.2012

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		510.000	350.000	350.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1037.207	612.202	217.505
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1547.207	962.202	567.505
LOAN FUNDS
1] Secured Loans		314.727	122.249	96.209
2] Unsecured Loans		10.833	13.358	126.851
TOTAL BORROWING		325.560	135.607	223.060
DEFERRED TAX LIABILITIES		1.724	0.522	0.447
TOTAL		1874.491	1098.331	791.012
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		298.006	94.260	85.036
Capital work-in-progress		131.934	0.868	0.000
INVESTMENT		173.623	138.441	81.660
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1792.171	888.022	456.706
	Sundry Debtors	1165.733	679.132	531.666
	Cash & Bank Balances	188.193	122.208	100.590
	Other Current Assets	0.347	0.694	0.000
	Loans & Advances	687.638	785.453	548.178
Total Current Assets		3834.082	2475.509	1637.140
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2210.028	1267.379	809.138
	Other Current Liabilities	171.007	74.835	63.713
	Provisions	182.119	268.533	141.013
Total Current Liabilities		2563.154	1610.747	1013.864
Net Current Assets		1270.928	864.762	623.276
MISCELLANEOUS EXPENSES		0.000	0.000	1.040
TOTAL		1874.491	1098.331	791.012

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	9023.341	5977.170	4337.303
		Other Income	124.346	50.376	37.337
		TOTAL (A)	9147.687	6027.546	4374.640
Less	EXPENSES
		Cost of materials consumed	8310.305	5224.728
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(37.273)	(151.739)
		Employee benefit expense	90.617	41.070
		Other expenses	441.876	286.108
		TOTAL (B)	8805.525	5400.167	3914.011
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		342.162	627.379	460.629
Less	FINANCIAL EXPENSES (D)		48.530	19.489	45.142
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		293.632	607.890	415.487
Less/ Add	DEPRECIATION/ AMORTISATION (F)		17.726	12.218	10.941
	PROFIT BEFORE TAX (E-F) (G)		275.906	595.672	404.546
Less	TAX (H)		90.900	200.976	118.939
	PROFIT AFTER TAX (G-H) (I)		185.006	394.696	285.607
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	809.900	988.100	606.400
	TOTAL EARNINGS		809.900	988.100	606.400
	IMPORTS
		Raw Materials	4273.600	2906.300	2142.000
	TOTAL IMPORTS		4273.600	2906.300	2142.000
	Earnings Per Share (Rs.)		3.63	11.28	8.16

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.02	6.55	6.53
Net Profit Margin (PBT/Sales)	(%)	3.06	9.97	9.33
Return on Total Assets (PBT/Total Assets}	(%)	7.20	24.06	24.71
Return on Investment (ROI) (PBT/Networth)		0.18	0.62	0.71
Debt Equity Ratio (Total Debt /Networth)		0.21	0.14	0.39
Current Ratio (Current Asset/Current Liability)		1.50	1.54	1.61

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

OPERATION

Subject is a part of KLJ Group of Industries who is the manufacturer and market leader in Plasticizers in South Asia. With an installed capacity of over 1,26,150 tpa [during the year the installed capacity was increased from 75,000 tpa to 1,26,150 tpa because of taking over of business of Silvassa Plast w.e.f. 01.04.2011], the Company offers a complete range of Plasticizers and has potential to meet all types of requirements – standard and customized grades. Plant capacity utilization is quite healthy.

The product range consists of Phthalate Plasticizers, Maleate Plasticizers, Specialty 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, adhesives, automobile parts, belts, flexible pipes and tubings, paints and lubricants and as chemical intermediates for other industries.

The Company is ISO certified Company for Quality Management System as per ISO 9001-2008 and for Environment Management System as per ISO 14001-2004.

EXPANSION/FUTURE PLANS.

The production capacity of the plant during 2011-12 was 75,000 MT of DOP/DBP in Subject. and 30,000 MT of DEP/DMP in its Unit-II. To cater increasing demand of the product of the Company, the Company has taken up further extension programme during the financial year 2012-13 as below:

a) by 36,000 MT (from 75,000 MT to 1,11,000 MT) at approximate cost of Rs.220.000 Millions for Subject and

b) by 18,000 MT (from 30,000 MT to 18,000 MT) at approximate cost of Rs.180.000 Millions for Subject. (Unit-II).

With a view to strengthening the marketing operations of the Company, the Company has purchased additional new office space in Mumbai in Hubtown Solaris Situated at N.S. Phadke Marg, Andheri (East), Mumbai-400069 at an approximate cost of Rs.130.000 Millions.

CORPORATE INFORMATION

Subject is a public limited company domiciled in India incorporated under the provisions of the Companies Act, 1956. The company is engaged in manufacturing and selling of plasticizers. The company caters to both domestic and international markets.

During the F.Y 2011-12, Company has taken over the running business of Silvassa Plast, proprietorship concern of Sh. K.L.Jain w.e.f from 01-04-2011. M/s Silvassa plast was engaged in manufacturing of specialty plasticizers including DBP,DINP, DEP etc. and having their manufacturing unit at 98/1, village Silli, Silvassa. The main objective of business takeover was to facilitate synergies of operations and optimization of resources and better administrative control, financial leveraging of the business in totality, develop potential for further growth with increased capacities and product portfolio, benefits of adjacently located and common management group control, and to provided benefit to all the stakeholders, including shareholders, the creditors, the banks, and the employees.

Subject paid a sum of Rs. 400.000 Millions as business consideration to Sh. K.L.Jain proprietor of M/s Silvassa Plast by issuing 1,60,00,000 Equity shares of Rs @ 25/- per share. These shares are having face value of Rs. 10/- per share and share premium Rs. 15/- per share.

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Deposits from directors	10.833	13.358
Total	10.833	13.358

BANKERS CHARGES REPORT AS PER REGISTRY

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 Email: secretariat@kljindia.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10124691
Type of charge	· Immovable property · Book debts · Movable Property (Not being pledge) · Floating charge · Current Assets
CIN:	U25200DL2008PLC181088
Particular of charge holder	State Bank of India, Commercial Branch, N-3 , South Extension Part -I, New Delhi - 110048, India Email: chaman.tanwar@sbi.co.in
Nature of instrument creating charge	C2A (Supplemental Agreement of Hypothecation of goods and Assets ) C-5 (Letter regarding The grant of individual limits within the overall limit ) Copy of recital
Date of instrument Creating the charge	12.03.2013
Amount secured by the charge	Rs.150.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest TL:-Base Rate+ 3.10% presently effective@12.80%p.a or such other rate(s) specified by the Bank from time to time. Extent and Operation of the charge Pari passu charge Others 2THS
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Term Loan:-First charge over the entire fixed assets of the company , present and future including equitable mortgage of :- (1) Factory Land and Building situated at Survey no. 98/1/1, Village Silli, Silvassa U.T of Dadra and Nagar Haveli measuring 13000sq.mts. (2)Factory Land and Building situated at Survey no. 98/1/3, Village Silli, Silvassa U.T of Dadra and Nagar Haveli measuring 9800 sq.mts (3) excluding office no.403,404 situated at Ackruti(now Hubtown) Solaris, N.S. Phadke Road, Near East West Flyover, Andheri (East) Mumbai financed by Dena Bank together with all fixed plant and machinery ,infrastructures thereon both present and future. Extension of charge on entire current assets of the company both present and future. Second charge on office no.403,404 situated at Ackruti (now Hubtown) Solaris, N.S. Phadke Road, Near East West Flyover, Andheri (East) Mumbai.
Particulars of the present modification	Term Loan sanctioned to the company revised/modified from Rs.250.000 Millions to Rs.150.000 Millions further also secured by Equitable Mortgage of company's immovable property situated at Survey no. 98/1/1, Village Silli, Silvassa U.T of Dadra and Nagar Haveli measuring 31900 sq.mts together with all fixed plant and machinery, infrastructures thereon both present and future on first charge basis. First charge over the entire fixed assets of the company, present and future but excluding office no.403, 404 at Mumbai.

CONTINGENT LIABILITIES

Rs. In Millions

Particular	31.03.2012
Company has given bank guarantee of	3.391
Net Outstanding LC’s with Bank	307.400

FIXED ASSETS

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· 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 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 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.55.03
UK Pound	1	Rs.83.95
Euro	1	Rs.70.92

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.