MIRA INFORM REPORT

Report Date :

25.09.2013

IDENTIFICATION DETAILS

Name :	KLJ ORGANIC LIMITED
Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	03.05.1995
Com. Reg. No.:	55-068170
Capital Investment / Paid-up Capital :	Rs. 40.000 Millions
CIN No.: [Company Identification No.]	U74899DL1995PLC068170
PAN No.: [Permanent Account No.]	AAACK3722A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Plasticizers, Phthalate Plasticizers, Maleate Plasticizers, Phosphate Esters, Speciality Plasticizers, Sulpho Chloro Paraffin, Chlorinated Paraffin.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 3700000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of “KLJ Group”. It is a well established company having a good track. There appears a slight dip in the profit margin of the company. However, overall financial performance of the company appears to be strong and healthy. Trade relations are fair. Business is active. Payment terms are reported to be regular. The company can be considered 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 – 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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term ratting = ‘A-’
Rating Explanation	Adequate degree of safety and low credit risk.
Date	24.07.2013

Rating Agency Name	CRISIL
Rating	Short term rating = ‘A1’
Rating Explanation	Very strong degree of safety and low credit risk.
Date	24.07.2013

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.

LOCATIONS

Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015, India
Tel. No.:	91-11-25459706/ 07/ 08/ 41427427-29
Fax No.:	91-11-25459709/ 25436264
E-Mail :	mukesh@kljindia.com chauhan@kljindia.com delhi@kljindia.com mattoo@kljindia.com secretariat@kljindia.com
Website :	www.kljindia.com www.satyamplastics.com

DIRECTORS

As on: 30.09.2012

Name :

Mr. Pushp Jain

Designation :

Managing Director

Address :

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

Date of Birth/Age :

27.03.1975

Date of Appointment :

29.09.2011

PAN No:

AALPJ2611D

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 – 110 060, India

Date of Birth/Age :

08.04.1973

Date of Appointment :

18.07.2008

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. Hemant Jain

Designation :

Director

Address :

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

Date of Birth/Age :

18.08.1971

Date of Appointment :

20.09.2007

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	-	Active	No
11	U70101dl2005ptc139094	CADILLAC BUILDWELL PRIVATE LIMITED	Director	27/07/2005	27/07/2005	-	Active	No
12	L67120wb1986plc041487	KLJ RESOURCES LIMITED	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	-	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. Virendra Kumar Singhi

Designation :

Director

Address :

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

Date of Birth/Age :

02.10.1964

Date of Appointment :

30.09.1997

DIN No.:

00028824

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	30/09/1997	30/09/1997	-	Active	No
2	U51495dl1998ptc092781	UJJAVAL TRADERS PRIVATE LIMITED	Director	18/03/1998	18/03/1998	-	Active	No
3	U74140dl1949ptc001672	VIRMANI INDUSTRIES PRIVATE LIMITED	Director	13/12/2002	13/12/2002	-	Active	No
4	U45201dl2005ptc143314	MVS BUILDWELL PRIVATE LIMITED	Director	06/12/2005	06/12/2005	21/12/2010	Active	No
5	U45201dl2005ptc143435	HVS BUILDWELL PRIVATE LIMITED	Director	08/12/2005	08/12/2005	-	Active	No
6	U45201dl2005ptc143434	SHV BUILDWELL PRIVATE LIMITED	Director	08/12/2005	08/12/2005	-	Active	No
7	L67120wb1986plc041487	KLJ RESOURCES LIMITED	Director	30/09/2009	19/01/2009	18/08/2011	Active	No
8	U45200dl2008ptc173580	PK INFRACON PRIVATE LIMITED	Director	30/09/2009	02/04/2009	-	Active	No
9	U74999dl2009ptc191454	KOYO LIFT SYSTEMS INDIA PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	No
10	U74210ap1994ptc019032	SUMAX ENGINEERING PRIVATE LIMITED	Additional Director	18/01/2011	18/01/2011	-	Active	No
11	U51909wb2007ptc117842	PRAGATI IMPTRADE PRIVATE LIMITED	Director	25/02/2011	25/02/2011	-	Active	No
12	U70101mh2011ptc219097	SPRINGDALE TOWNSHIPS AND RESORTS PRIVATE LIMITED	Director	20/12/2011	20/12/2011	-	Active	No
13	U70102mh2011ptc219700	BROKENHILLS TOWNSHIPS AND RESORTS PRIVATE LIMITED	Director	20/12/2011	20/12/2011	-	Active	No
14	U70102mh2012ptc230851	ALTAMONTE TOWNSHIPS AND RESORTS PRIVATE LIMITED	Director	18/01/2013	18/01/2013	-	Active	No
15	U70200mh2012ptc231228	VALLEY VIEW TOWNSHIPS PRIVATE LIMITED	Director	18/01/2013	18/01/2013	-	Active	No

Name :

Mr. Shanti Lal Dugar

Designation :

Director

Address :

3/104, 2^nd Floor, Ramesh Nagar, New Delhi-110015, India

Date of Birth/Age :

16.07.1978

Date of Appointment :

29.09.2011

DIN No.:

03441727

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	29/09/2011	01/02/2011	-	Active	No
2	L67120wb1986plc041487	KLJ RESOURCES LIMITED	Director	30/09/2011	22/07/2011	-	Active	No

Name :

Mr. Mulch Raj Bhalla

Designation :

Director

Address :

D-74, Kirti Nagar, New Delhi – 110015, India

Date of Birth/Age :

15.04.1930

Date of Appointment :

06.08.2012

DIN No.:

06369037

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2012

Names of Shareholders	No. of Shares
Kanhaiya Lal Jain	775000
Hemant Jain	496000
V L Sood	250
Sushila Patawari	625000
Mangi Lal Sethia	250
Kamal Jain	396000
Pushp Jain	633500
Kanhaiyalal Jain and Sons HUF	396000
KLJ Polymers And Chemicals Limited, India	282000
Kinetic Impex Limited, India	396000
Total	4000000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2012

Category	Percentage
Bodies corporate	16.95
Directors or relatives of directors	83.04
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Plasticizers, Phthalate Plasticizers, Maleate Plasticizers, Phosphate Esters, Speciality Plasticizers, Sulpho Chloro Paraffin, Chlorinated Paraffin.

Products :

Item Code No.	Product Description
27122010	Chlorinated Paraffin WAX

PRODUCTION STATUS [AS ON 31.03.2012]

Particulars	Unit	Installed Capacity	Actual Production
CPW	MT/PA	80000	--
TTP/TCP	MT/MA	2400	--
CPW	MT*	--	59254
TCP/TPP	MT**	--	463
HCL Bye Product	MT	--	70331

NOTE:

• * Includes 445 MT manufactured for third party
• ** Includes 162 MT manufactured for third party

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of India, Commercial Branch, N-3, South Extension Part-I, New Delhi-110049, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Rupee term loans from banks	4.420	15.507
Other loans and advances	5.401	0.000
Term loans	97.091	120.700
Total	106.912	136.207
Note:- a) Term loan taken from SBI is secured by exclusive hypothecation charge on plant and machinery and other fixed assets of the company and second charge on factory land and buildings b) Term loan taken from SBI is secured by exclusive hypothecation charge on plant and machinery and other fixed assets of the company and second charge on factory land and buildings. a) Cash Credit facility from SBI is secured by exclusive hypothecation charge on the entire current assets including stocks of raw material, stores, spares, stocks in process and finished goods including goods in transit and receivables. Extension of charge over the entire plant and machinery and all other fixed assets and personal guarantee of Promoter Directors, Mr. Hemant Jain and Mr. Kamal Jain. b) Cash Credit facility from SBI is secured by exclusive hypothecation charge on the entire current assets including stocks of raw material, stores, spares, stocks in process and finished goods including goods in transit and receivables. Extension of charge over the entire plant and machinery and all other fixed assets and personal guarantee of Promoter Directors, Mr. Hemant Jain and Mr. Kamal Jain.

Banking Relations :	--
Auditors :
Name :	Nahata Jain Golchha and Company Chartered Accountants
Address :	4378, Murlilal Street, 4B, Ansari Road, Darya Ganj, New Delhi – 110002, India
Tel. No.:	91-11-64514061/ 23275314
E-Mail :	njg_co@yahoo.co.in
PAN No.:	AAEFN8137H
Associate :	KLJ Polyalloys KLJ Polymers and Chemicals Limited CIN No.: U24119DL1989PLC036883 Kundalia Industries KLJ Plasticizers Limited CIN No.: U25200DL2008PLC181088 KLJ Resources Limited CIN No.: L67120WB1986PLC041487 Kinetic Impex Limited CIN No.: L51909WB1985PLC039455 KLJ Organic (Qatar WLL) KLJ Developers private limited CIN No.: U45201DL2006PTC145296
Subsidiaries :	KLJ Organics (Thailand) Limited

CAPITAL STRUCTURE

As on: 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
4500000	Equity Shares	Rs.10/- each	Rs. 45.000 millions

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	40.000	40.000
(b) Reserves & Surplus	898.006	640.250
(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)	938.006	680.250
(3) Non-Current Liabilities
(a) long-term borrowings	9.821	15.507
(b) Deferred tax liabilities (Net)	3.998	3.644
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	2.791	0.000
Total Non-current Liabilities (3)	16.610	19.151
(4) Current Liabilities
(a) Short term borrowings	97.091	120.700
(b) Trade payables	451.056	386.752
(c) Other current liabilities	151.594	38.339
(d) Short-term provisions	165.636	167.570
Total Current Liabilities (4)	865.377	713.361
TOTAL	1819.993	1412.762
ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	250.310	210.476
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	5.440	1.568
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	115.733	98.233
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	44.275	0.000
Total Non-Current Assets	415.758	310.277
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	465.679	364.807
(c) Trade receivables	431.031	380.871
(d) Cash and cash equivalents	28.849	13.892
(e) Short-term loans and advances	468.075	340.650
(f) Other current assets	10.601	2.265
Total Current Assets	1404.235	1102.485
TOTAL	1819.993	1412.762

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		40.000
2] Share Application Money		0.000
3] Reserves & Surplus		357.640
4] (Accumulated Losses)		0.000
NETWORTH		397.640
LOAN FUNDS
1] Secured Loans		88.441
2] Unsecured Loans		121.245
TOTAL BORROWING		209.686
DEFERRED TAX LIABILITIES		5.940
TOTAL		613.266
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		177.271
Capital work-in-progress		2.382
INVESTMENT		98.233
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	194.123
	Trade receivable	207.757
	Cash & Bank Balances	22.186
	Other Current Assets	0.000
	Loans & Advances	221.722
Total Current Assets		645.788
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	201.489
	Other Current Liabilities	26.381
	Provisions	82.538
Total Current Liabilities		310.408
Net Current Assets		335.380
MISCELLANEOUS EXPENSES		0.000
TOTAL		613.266

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	3132.892	2589.636	1708.018
		Other Income	20.089	4.989	1.473
		TOTAL (A)	3152.981	2594.625	1709.491
Less	EXPENSES
		Cost of materials consumed	2447.532	2019.767
		Employee benefit expenses	49.906	30.870
		Other expenses	226.943	144.126
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(4.486)	(8.247)
		TOTAL (B)	2719.895	2186.516	1430.474
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		433.086	408.109	279.017
Less	FINANCIAL EXPENSES (D)		21.236	23.413	25.374
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		411.850	384.696	253.643
Less/ Add	DEPRECIATION/ AMORTISATION (F)		28.940	23.230	17.195
	PROFIT BEFORE TAX (E-F) (G)		382.910	361.466	236.448
Less	TAX (H)		125.153	78.856	73.034
	PROFIT AFTER TAX (G-H) (I)		257.757	282.610	163.414
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		661.252	378.642	215.228
	BALANCE CARRIED TO THE B/S		919.009	661.252	378.642
	EARNINGS IN FOREIGN CURRENCY		636.300	433.848	255.007
	IMPORTS		692.659	753.477	464.023
	Earnings Per Share (Rs.)		64.44	70.65	40.85

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	8.18	10.89	9.56
Net Profit Margin (PBT/Sales)	(%)	12.22	13.96	13.84
Return on Total Assets (PBT/Total Assets}	(%)	22.53	27.54	28.73
Return on Investment (ROI) (PBT/Networth)		0.41	0.53	0.59
Debt Equity Ratio (Total Debt/Networth)		0.11	0.20	0.52
Current Ratio (Current Asset/Current Liability)		1.62	1.55	2.08

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	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10404506	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	B68629203
2	10014186	12/03/2013 *	1,370,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3, SOUTH EXTENSION PART –I NEW DELHI, DELHI - 110049, INDIA	B73653073

* Date of charge modification

CONTINGENT LIABILITIES

a) Rs.117.900 millions (Previous Year Rs.87.200 millions ) being Letter of Credit issued by the bank on behalf of the Company against which 5% amount in the shape of FDR is pledged with State Bank of India as margin money.

b) Company has given bank guarantee of Rs.0.234 millions.

FIXED ASSETS:

• Land
• Factory Building
• Plant and Machinery
• Flats at Ankleshwar
• Lab. Equipments
• Storage tanks
• Electrical Installations
• Generator
• Pollution Control Equipments
• Tools and Equipments
• Weighing Machines
• Fire Extinguishers
• Safety Equipments
• Crane
• Container
• Water Softner Plant
• Car
• Scooters
• Office Equipments
• Computers
• Xerox Machine
• Air Conditioners
• Refrigerators
• Furniture And Fixtures
• Water Filter
• Typewriter
• Fans and Coolers
• Cycle
• Fax Machine

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. 62.66
UK Pound	1	Rs. 100.47
Euro	1	Rs. 84.60

INFORMATION DETAILS

Report Prepared by :

DPH

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	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	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		53

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.