MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	KAMA HOLDINGS LIMITED
Formerly Known As :	SRF POLYMERS LIMITED
Country :	India
Financials (as on) :	31.03.2014
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
No. of Employees :	3500 (Approximately)

BUSINESS DETAILS

Line of Business :	Manufacture of nylon tyrecord, refrigerant gases, speciality chemicals and packaging films.
Exports :
Countries :	· US · Bangladesh · China · Sri Lanka
Imports :
Countries :	· Netherlands · China · Thailand

GENERAL INFORMATION

No. of Employees :	3500 (Approximately)
Bankers :	HDFC Bank Limited

Banking Relations :	--
Auditors :
Name :	Thakur, Vaidyanath Aiyar and Company Chartered Accountants
Address :	New Delhi, India
Associates :	Children First Mental Health Institute Private Limited
Subsidiary Companies :	· KAMA Realty (Delhi) Limited · Shri Educare Limited · KHL Investments Limited · Shri Educare Maldives Private Limited · SRF Limited · SRF Transnational Holdings Limited

SHAREHOLDING PATTERN

As on 30.06.2014

Category of Shareholder	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	4839447	75.00
Sub Total	4839447	75.00
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	4839447	75.00
(B) Public Shareholding
(1) Institutions
Financial Institutions / Banks	1039	0.02
Sub Total	1039	0.02
(2) Non-Institutions
Bodies Corporate	267760	4.15
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	529079	8.20
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	163957	2.54
Any Others (Specify)	651333	10.09
Non Resident Indians	650597	10.08
Overseas Corporate Bodies	292	0.00
Clearing Members	444	0.01
Sub Total	1612129	24.98
Total Public shareholding (B)	1613168	25.00
Total (A)+(B)	6452615	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	6452615	100.00

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	193.720	193.720	193.720
(b) Reserves & Surplus	4,349.834	4,107.372	3,804.642
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	4,543.554	4,301.092	3,998.362
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.736	0.649	41.138
Total Non-current Liabilities (3)	0.736	0.649	41.138
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	11.830	11.572	13.508
(d) Short-term provisions	0.022	0.018	0.000
Total Current Liabilities (4)	11.852	11.590	13.508
TOTAL	4,556.142	4,313.331	4,053.008
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.008	0.008	0.023
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4,143.590	3,988.293	3,876.952
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	6.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4,143.598	3,988.301	3,882.975
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	39.862	139.684
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	128.385	0.348	4.764
(e) Short-term loans and advances	263.100	261.561	0.000
(f) Other current assets	21.059	23.259	25.585
Total Current Assets	412.544	325.030	170.033
TOTAL	4,556.142	4,313.331	4,053.008

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		301.809	293.475	401.195
		Other Income		0.311	40.457	1.548
		TOTAL (A)		302.120	333.932	402.743
Less	EXPENSES
		Employee Benefits Expenses		2.514	2.850	1.683
		Other Expenses		2.124	1.285	2.847
		TOTAL (B)		4.638	4.135	4.530
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			297.482	329.797	398.213
Less	FINANCIAL EXPENSES (D)			0.000	0.000	14.895
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			297.482	329.797	383.318
Less	DEPRECIATION/ AMORTISATION (F)			0.000	0.000	0.005
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			297.482	329.797	383.313
Less	TAX (H)			2.741	10.279	(1.216)
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			294.741	319.518	384.529
	INTERIM DIVIDEND ON EQUITY SHARES			41.943	6.453	0.000
	PROPOSED DIVIDEND ON PREFERENCE SHARES			10.336	10.355	10.335
	DIVIDEND DISTRIBUTION TAX			0.000	0.000	1.677
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			1584.369	1281.639	909.122
Less	APPROPRIATIONS
			Transfer to General Reserve	30.000	0.000	0.000
	BALANCE CARRIED TO THE B/S			1796.831	1584.369	1281.639
	Earnings Per Share (Rs.)			44.08	47.92	57.73

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear

RBI DEFAILTERS’ LIST STATUS

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

LOCATIONS

Registered Office :	C-8, Safdarjung Development Area, New Delhi – 110016, India
Tel. No.:	91-11-26857141
Fax No.:	91-11-26510428
E-Mail :	rlakhanpal@srf.com rlakhanpal@kamaholdings.com info@kamaholdings.com
Website :	www.kamaholdings.com
Corporate Office :	Block - C, Sector – 45, Gurgoan – 12200, Haryana, India
Tel. No.:	91-124-4354400
Fax No.:	91-124-4354500
Factory :	Located At : · Dahej, Gujarat, India · Bhiwadi, Rajasthan, India · Malanpur, Madhya Pradesh, India · Chennai · Rudhrapur · Kashipur · Indore

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