MIRA INFORM REPORT

Report Date :

23.10.2013

IDENTIFICATION DETAILS

Name :	K L J POLYMERS AND CHEMICALS LIMITED
Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110 015
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	10.07.1989
Com. Reg. No.:	55-036883
Capital Investment / Paid-up Capital :	Rs.36.000 Millions
CIN No.: [Company Identification No.]	U24119DL1989PLC036883
PAN No.: [Permanent Account No.]	AAACK1314Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Phthalate Plasticizers and Compounds.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 3534000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of KLJ Group. It is a well-established and reputed company having a good track record. There appears sharp dip in profitability during the financial year 2012. However, general financial position of the company seems to be strong. The subject gets good support from its group companies. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered for normal business dealings at usual trade terms and condition.

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating: A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	July 24, 2013

Rating Agency Name	CRISIL
Rating	Short Term Rating: A1
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	July 24, 2013

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.

INFORMATION PARTED BY

Name :	Mr. Ashish
Designation :	Senior Manager – Finance
Contact No.:	91-11-25459706
Date :	22.10.2013

LOCATIONS

Registered / Head Office / Factory 1 :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110 015, India
Tel. No.:	91-11-25459706-07-08/ 41427427-29
Fax No.:	91-11-25459709/ 25436264
E-Mail :	delhi@kljindia.com secretariat@kljindia.com mattoo@kljindia.com
Website :	www.kljindia.com
Location :	Owned
Factory 2 :	KPC Main, Survey No.57/2 (4-5), Kunta Road, Bhenslore, Dunetha Villate, Nani – Daman – 396 210 (Union Territory of Daman and Diu), India
Factory 3 :	Survey No.57/2 (2) Bhenslore, Dunetha Villate, Nani – Daman – 396 210 (Union Territory of Daman and Diu)
Factory 4 :	Survey No.177, Jamal Pada Road, Village Silli, Sillage Silli, Silvassa – 396 230, (Union Territory of Dadra and Nagar Haveli), India
Sales Office :	102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakaya Puri, New Delhi – 110 021, India
Tel. No.:	91-11-24122880-86
Fax No.:	91-11-24122887
E-Mail :	sales@kljtownplanners.com
Overseas Office:	5, SOI G-4, Pakornsongkhoraj Road, Tambon, Huaypong, Amphur, Muangrayong, Rayong-21150, Thailand
Tel. No.:	66-38-693219
Fax No.:	66-38-693220
E-Mail :	klj.th@kljindia.com
Branch Office :	Located at: · Mumbai · Kolkata · Chennai

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Kanhaiya Lal Jain

Designation :

Director

Address :

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

Date of Birth/Age :

06.04.1946

Qualification :

B.Com

Date of Appointment :

10.09.1995

PAN No.:

AAFPJ3905N

DIN No.:

00033519

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	30/08/2013	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. Hemant Jain

Designation :

Director

Address :

6 B/9 Nea, Old Rajinder Nagar, New Delhi – 110 060, India

Date of Birth/Age :

18.08.1971

Qualification :

Graduate

Date of Appointment :

25.09.1989

PAN No.:

AALPJ1370K

DIN No.:

00506995

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	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Director	25/09/1989	25/09/1989	-	Active	NO
2	U74210AP1994PTC019032	SUMAX ENGINEERING PRIVATE LIMITED	Director	28/12/1996	28/12/1996	18/01/2011	Active	NO
3	U51495DL1997PTC088314	PRAGYA ENTERPRISES PRIVATE LIMITED	Director	03/07/1997	03/07/1997	08/02/2008	Active	NO
4	U24299DL1998PTC093855	PRAGYA PRODUCTS PRIVATE LIMITED	Director	15/05/1998	15/05/1998	14/05/2008	Active	NO
5	U70101DL1998PTC093856	CHETNA ESTATE PRIVATE LIMITED.	Director	15/05/1998	15/05/1998	08/02/2008	Active	NO
6	U72900DL2001PTC109334	KLJ INFOTECH PRIVATE LIMITED	Director	23/01/2001	23/01/2001	-	Active	NO
7	U70101DL1997PTC088313	KLJ ESTATES PRIVATE LIMITED	Director	24/07/2003	24/07/2003	08/02/2008	Active	NO
8	U45201DL2003PTC118748	GENIOUS PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	15/10/2003	15/10/2003	17/06/2008	Active	NO
9	U74899DL1995PTC072219	DELHI BUILDWELL PRIVATE LIMITED	Director	27/04/2004	27/04/2004	30/03/2011	Active	NO
10	U74899DL1953PTC002338	PRITHVI SOUND PRODUCTS COMPANY PRIVATE LIMITED	Director	15/04/2005	15/04/2005	30/08/2013	Active	NO
11	U70101DL2005PTC139094	CADILLAC BUILDWELL PRIVATE LIMITED	Director	27/07/2005	27/07/2005	-	Active	NO
12	L67120WB1986PLC041487	KLJ RESOURCES LTD	Managing director	01/04/2009	01/10/2005	-	Active	NO
13	U45201DL2005PTC143434	SHV BUILDWELL PRIVATE LIMITED	Director	25/09/2006	29/12/2005	08/02/2008	Active	NO
14	U45201DL2005PTC143435	HVS BUILDWELL PRIVATE LIMITED	Director	25/09/2006	29/12/2005	01/03/2007	Active	NO
15	U45201DL2006PTC144850	JS BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	01/03/2007	Active	NO
16	U45201DL2006PTC144846	JM BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	05/03/2007	Active	NO
17	U45201DL2006PTC144845	HA BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	05/03/2007	Active	NO
18	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	05/03/2007	Active	NO
19	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	22/01/2006	22/01/2006	05/03/2007	Active	NO
20	U45201DL2006PTC145296	KLJ DEVELOPERS PRIVATE LIMITED	Director	16/03/2010	24/01/2006	31/08/2013	Active	NO
21	U45201DL2006PTC144827	HM BUILDCON PRIVATE LIMITED	Director	01/08/2006	01/08/2006	05/03/2007	Active	NO
22	U15422DL1997PTC091143	PIONEER ESERVE PRIVATE LIMITED	Director	30/09/2009	03/10/2006	-	Active	NO
23	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Director	29/09/2007	10/07/2007	13/06/2008	Active	NO
24	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Director	29/09/2007	20/08/2007	-	Active	NO
25	U45400DL2007PTC167471	CADILLAC REAL-TECH PRIVATE LIMITED	Director	27/08/2007	27/08/2007	08/02/2008	Strike off	NO
26	U45400DL2007PTC167420	CADILLAC IT PARK PRIVATE LIMITED	Director	27/08/2007	27/08/2007	08/02/2008	Strike off	NO
27	U45400DL2007PTC167419	CADILLAC IT DEVELOPERS PRIVATE LIMITED	Director	27/08/2007	27/08/2007	08/02/2008	Strike off	NO
28	U45200DL2008PTC173602	PH INFRASTRUCTURE PRIVATE LIMITED	Director	05/02/2008	05/02/2008	13/06/2008	Active	NO
29	U55101DL2008PTC173687	KLJ RESORTS PRIVATE LIMITED	Director	06/02/2008	06/02/2008	-	Strike off	NO
30	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	30/09/2009	02/04/2009	05/05/2011	Active	NO
31	U72200DL2006PTC147341	SUNNY IT INFRASOFT PRIVATE LIMITED	Additional director	10/06/2009	10/06/2009	30/09/2009	Active	NO
32	U74999DL2009PTC191454	KOYO LIFT SYSTEMS INDIA PRIVATE LIMITED	Director	22/06/2009	22/06/2009	15/03/2010	Active	NO

Name :

Mr. Kamal Jain

Designation :

Managing Director

Address :

6 B/9 Nea, Old Rajinder Nagar, New Delhi – 110 060, India

Date of Birth/Age :

08.04.1973

Qualification :

B.E. (Chemical), DBM

Date of Appointment :

29.09.2011

PAN No.:

AALPJ1364M

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 :

Mr. Mangi Lal Sethia

Designation :

Director

Address :

132, Savita Vihar, New Delhi – 110 097, India

Date of Birth/Age :

26.06.1954

Qualification :

Graduate

Date of Appointment :

10.07.1989

DIN No.:

00061726

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	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Director	10/07/1989	10/07/1989	-	Active	NO
2	U74899DL1953PTC002338	PRITHVI SOUND PRODUCTS COMPANY PRIVATE LIMITED	Director	24/11/1994	24/11/1994	-	Active	NO
3	U51505DL1998PTC092090	HAMLOG ENGINEERING PRIVATE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
4	U70101DL1998PTC092321	SUBHANKAR ESTATE PRIVATE LIMITED	Director	27/08/2005	27/08/2005	-	Active	NO
5	U45201DL2005PTC143314	MVS BUILDWELL PRIVATE LIMITED	Director	06/12/2005	06/12/2005	-	Active	NO
6	U51495DL1997PTC088314	PRAGYA ENTERPRISES PRIVATE LIMITED	Director	30/09/2008	08/02/2008	-	Active	NO
7	U70101DL1997PTC088313	KLJ ESTATES PRIVATE LIMITED	Director	30/09/2008	08/02/2008	-	Active	NO
8	U70101DL1998PTC093856	CHETNA ESTATE PRIVATE LIMITED	Director	30/09/2008	08/02/2008	-	Active	NO

Name :

Mr. Jitendra Kumar Begani

Designation :

Director

Address :

KLJ House, B-63, Rama Road, Kirti Nagar, New Delhi-110015, India

Date of Birth/Age :

27.02.1978

Date of Appointment :

29.09.2012

DIN No.:

02095292

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	U65921WB1995PTC069387	BHADANI FINANCERS PRIVATE LIMITED	Director	15/09/2008	27/03/2008	-	Active	NO
2	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Director	25/09/2009	08/04/2009	09/05/2012	Active	NO
3	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Director	29/09/2012	09/05/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashish
Designation :	Senior Manager – Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Kanhaiya Lal Jain	660240
Sonali Jain	50000
Sushila Patawari	399040
Hemant Jain	684000
Kamal Jain	714000
Pushp Jain	718000
Dilip Singh	240
Surana Mal Hulas	240
Mangi Lal Sethia	240
Kanhaiya Lal Jain and Sons (HUF)	250000
Neetu Jain	50000
Namrata Jain	50000
Kinetic Impex Limited, India	24000
TOTAL	3600000

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	0.67
Directors or relatives of directors	99.32
Other	0.01
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Phthalate Plasticizers and Compounds.

Products :

Item Code No. (ITC Code)	400520.90
Product Description	TPE Compound
Item Code No. (ITC Code)	381230.90
Product Description	Formulated C.P.S.
Item Code No. (ITC Code)	390210.00
Product Description	PP Compound

Exports :

Products :

Phthalate Plasticizers and Compounds

Countries :

• Middle East
• Bangladesh

Imports :

Products :

Raw Materials

Countries :

• Korea
• Singapore
• Middle East

Terms :

Selling :

L/C, Cash and Credit (30 days)

Purchasing :

L/C, Cash and Credit (30 days)

PRODUCTION STATUS [AS ON 31.03.2012]

Particulars	Unit	Actual Production
Physical Term	MT/PA	57751.730

NOTE:

• The Company has two units – major manufacturing operations of the Company are located at Silvassa. The manufacturing Unit-II at Silvassa (U.T. of Dadra and Nagar Haveli) for manufacture of Polymer Compounds has a state of art equipments, R and D centre, a well equipped laboratory. The consolidated installed capacity of the Company is 106000 MT as on 31/03/2012.

• The unit called main Unit at Daman is doing Job Work and Unit-I also at Daman is closed in the financial year 2010-11.

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

200 (Approximately)

Bankers :

• State Bank of India, Mid Corporate Loan, Administration Unit, Chandani Chowk, Delhi-110 006, India
• State Bank of India, Commercial Branch, A-5, South Extension, Part – I, New Delhi - 110048, India
• HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India
• State Bank of India, K.V.I.C. Building, R. G. Gadkari Marg, Vile Parle (West), Mumbai – 400056, Maharashtra, India
• ICICI Bank Limited

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	12.404	40.363
SHORT-TERM BORROWINGS
Cash Credit from Bank	328.628	225.876
Working Capital Loans from Banks	252.495	151.373
Foreign Currency Loans- Buyers Credit	160.837	0.000
Total	754.364	417.612

Notes:

SHORT-TERM BORROWINGS

Cash Credits, Working Capital Loans and Buyers Credit from Banks are secured by way of Hypothecation of Stocks of Raw material, stores and spares parts , Stock in Process, Finished Goods, Book Debts and all Other Current Assets of the companies. Further Secured by way of Extension of Charge over entire Plant and Machinery and Other Fixed Assets shown under Primary security in other facility from the bank. Further secured by way of Personal Guarantee of Directors of the company.

Banking Relations :	--
Auditors :
Name :	Mohit Parekh and Company Chartered Accountants.
Address :	572, Second Floor, Gandhi Cloth Market, Chandni Chowk, Delhi – 110006, India
Tel. No.:	91-11-23918093 / 23958433
E-Mail :	mm_ap_c@yahoo.co.in mohitparekhca@gmail.com
PAN No:	AAHPP2532M
Associate Concerns :	KLJ Organic Limited [CIN No.: U74899DL1995PLC068170] KLJ Polyalloys Kundalia Industries Silvassa Plast KLJ Resources Limited [CIN No.: L67120WB1986PLC041487] KLJ Plasticizers Limited KLJ Plasticizers Limited Unit-II KLJ Organic (Thailand) Limited KLJ Organic Limited [E.O.U] Kinetic Impex Limited [CIN No.: L51909WB1985PLC039455]

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3600000	Equity Shares	Rs.10/- each	Rs.36.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	36.000	36.000
(b) Reserves & Surplus	847.450	806.862
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	883.450	842.862
(3) Non-Current Liabilities
(a) Long-term borrowings	12.404	40.363
(b) Deferred tax liabilities (Net)	5.734	4.852
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	6.267	0.000
Total Non-current Liabilities (3)	24.405	45.215
(4) Current Liabilities
(a) Short term borrowings	742.803	483.841
(b) Trade payables	864.185	716.561
(c) Other current liabilities	210.162	228.272
(d) Short-term provisions	96.474	74.776
Total Current Liabilities (4)	1913.624	1503.450
TOTAL	2821.479	2391.527
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	427.201	319.052
(ii) Intangible Assets	4.179	4.902
(iii) Capital work-in-progress	194.667	23.114
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.505	1.505
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	1.620	1.541
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	629.172	350.114
(2) Current assets
(a) Current investments	7.500	0.000
(b) Inventories	900.753	1026.539
(c) Trade receivables	909.513	725.209
(d) Cash and cash equivalents	108.749	54.008
(e) Short-term loans and advances	260.510	234.484
(f) Other current assets	5.282	1.173
Total Current Assets	2192.307	2041.413
TOTAL	2821.479	2391.527

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		36.000
2] Share Application Money		0.000
3] Reserves & Surplus		642.915
4] (Accumulated Losses)		0.000
NETWORTH		678.915
LOAN FUNDS
1] Secured Loans		279.359
2] Unsecured Loans		50.611
TOTAL BORROWING		329.970
DEFERRED TAX LIABILITIES		3.515
TOTAL		1012.400
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		148.589
Capital work-in-progress		54.609
INVESTMENT		1.499
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	663.677
	Sundry Debtors	392.230
	Cash & Bank Balances	40.984
	Other Current Assets	54.480
	Loans & Advances	131.720
Total Current Assets		1283.091
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	454.150
	Other Current Liabilities	0.000
	Provisions	21.238
Total Current Liabilities		475.388
Net Current Assets		807.703
MISCELLANEOUS EXPENSES		0.000
TOTAL		1012.400

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from Operations	4491.787	2908.580	1867.285
		Other Income	21.420	9.110	28.990
		TOTAL (A)	4513.207	2917.690	1896.275
Less	EXPENSES
		Cost of materials consumed	3556.063	2359.656	1717.531
		Purchases of stock-in-trade	553.924	21.669
		Employee benefit expense	85.439	54.100
		Other expenses	333.334	234.807
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(222.465)	(55.504)
		TOTAL (B)	4306.295	2614.728	1717.531
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		206.912	302.962	178.744
Less	FINANCIAL EXPENSES (D)		95.511	58.692	51.027
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		111.401	244.270	127.717
Less/ Add	DEPRECIATION/ AMORTISATION (F)		48.227	25.429	19.402
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		63.174	218.841	108.315
Less	TAX (H)		22.586	54.894	17.847
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		40.588	163.947	90.468
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	251.513	121.211	23.919
	TOTAL EXPORTS		251.513	121.211	23.919
	IMPORTS
		Raw Materials	1939.994	1621.503	956.88
		Capital Goods	170.223	32.433	17.354
		Packing Materials	1.462	5.635	0.000
	TOTAL IMPORTS		2111.679	1659.571	974.234
	Earnings / (Loss) Per Share (Rs.)		11.27	45.54	25.13

Particulars	31.03.2013
Sales Turnover (Approximately)	4900.000

Expected Sales (2013-2014): More than Rs.6000.000 millions

The above information has been parted by Mr. Ashish (Senior Manager – Finance).

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.90	5.62	4.77
Net Profit Margin (PBT/Sales)	(%)	1.41	7.52	5.80
Return on Total Assets (PBT/Total Assets}	(%)	2.41	9.27	7.56
Return on Investment (ROI) (PBT/Networth)		0.07	0.25	0.16
Debt Equity Ratio (Total Debt/Networth)		0.85	0.62	0.49
Current Ratio (Current Asset/Current Liability)		1.15	1.36	2.70

LOCAL AGENCY FURTHER INFORMATION

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	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last four years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	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

Unsecured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
SHORT-TERM BORROWINGS
Loans from Related Parties repayable on demand	0.843	106.592
Total	0.843	106.592

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10421377	12/03/2013	1,370,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3 SOUTH EXTENSION PART-I, NEW DELHI, DELHI - 110048, INDIA	B73653131
2	10314580	07/09/2011	5,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA	B24084535
3	10101641	30/01/2013 *	2,396,300,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3 , SOUTH EXTENSION PART -I, NEW DELHI, DELHI - 110048, INDIA	B68605609

* Date of charge modification

OPERATION:

PVC

Additional modern equipment such as Buss Extruders have been installed in the compounding process. It will save cost of power consumption and cost of additives per ton of compound. It also improves quality of the product. There has been substantial growth in the sale relating to PVC Division.

TPR

The Company has technical collaboration with Technofilm Spa of Italy, the General acceptability of their product TPR has increased in the market place both domestic and international. It is also helping to export their products to Bangladesh, Russia and Pakistan, etc.

They have added new products i.e. TPE (Elastomer for automotive and medical syringes). They have also added few new products in-house in TPR which have gained enhanced acceptability.

PP

In PP segment, they are endeavoring to broaden their customer base by supplying consistent quality product. They are quite hopeful in making entry into Automobile Sector.

XLPE

They have also added modern equipment for Sioplas XLPE from Buss to be more cost effective in power consumption and improve the quality of the product. This machine has also been commissioned recently in a new Cable Compound Building.

In their regular products like EVA, PP, TPR/TPE, and XLPE, they are experiencing better than normal organic growth.

EXPANSION:

The Company alongwith other KLJ Group Companies is a leading Company in the field of Plasticizers and Compounds. The KLJ Group has been constantly concentrating on consolidation, expansion on improving the existing products and including new products. The Company has completed the expansion programme raising the installed capacity from 44000 MT to 106000 MT of Plasticizers and Polymer Compounds.

FIXED ASSETS:

· Building

· Land

· Plant and Machinery

· Electric Fitting

· Plant Fitting

· Type Writers

· Car

· Cycle

· Computer

· Fans and Cooler

· Scooter

· Air Conditioner

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.61.68
UK Pound	1	Rs.99.66
Euro	1	Rs.84.49

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

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

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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

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