MIRA INFORM REPORT

Report Date :

11.02.2014

IDENTIFICATION DETAILS

Name :	KPL INTERNATIONAL LIMITED (W.e.f. 22.08.2000)
Formerly Known As :	KANORIA PETROPRODUCTS LIMITED
Registered Office :	212A, 216 and 222, 2^nd Floor, Indraprakash, 21, Barakhamba Road, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.04.1974
Com. Reg. No.:	55-29068
Capital Investment / Paid-up Capital :	Rs.15.186 Millions
CIN No.: [Company Identification No.]	U23209DL1974PLC029068
Legal Form :	A Closely held Public Limited Liability Company.
Line of Business :	Traders, Exporter, Importer, Marketers and International Indenting Agents of Chemicals, Plastics and Engineering Goods.
No. of Employees :	80 (Approximately)

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

The worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

LOCATIONS

Registered Office :	212A, 216 and 222, 2^nd Floor, Indraprakash, 21, Barakhamba Road, New Delhi – 110 001, India
Tel. No.:	91-11-43606200/ 23355456/ 23356471/ 43579260
Fax No.:	91-11-23355824/ 23717203
E-Mail :	info@kplintl.com kpl@kanoriachem.com kplmumbai@vsnl.com kanoris@md4.vsnl.net.in kavitashri2003@kplintl.com kavita@kplintl.com tdb@kanoriachem.com
Website :	www.kplintl.com
Area :	3500 Sq. ft.
Corporate Office :	New Delhi Statesman House, 10^th Floor, 148, Barakhamba Road, New Delhi-110001, India. Tel. No : 91-11-43606200/ 23355456/ 23356471 Fax No. : 91-11-23355824 E-mail : info@kplintl.com
Warehouse :	Located at :- · Delhi · Mumbai, Maharashtra · Chennai, Tamilnadu
Branches/ Regional Offices :	Mumbai Ø A 304-306, Universal Business Park (3^rd Floor), Chandiwali Farm Road, Off Saki Vihar Road (Near Kamani Oil Mills), Sakinaka, Andheri (East), Mumbai- 400072, Maharashtra, India Tel. No.: 91-22-40153142/40153145 Fax No.: 91-22-276996 E-Mail : kplmumbai@kplintl.com Chennai Ø 23-C, North Boag Road, T. Nagar, Chennai – 600 017, Tamil Nadu, India Tel. No.: 91-44-28151787 / 28260618 Fax No.: 91-44-28260618 E-Mail : kplchennai@kplintl.com Kolkata Ø Park Plaza, 71, Park Street, Kolkata – 700 016, West Bengal, India Tel. No.: 91-33-22178179/ 22499472/ 22499473 Fax No.: 91-33-22499466 E-Mail : cimpex@cal2.vsnl.net.in kplkolkatta@kplintl.com
Overseas Office :	Bangladesh Ø Bangladesh Liasion Office, Road No. 20, House No. 29, Flat No. B1, Block No. K, Banani, Dhaka Tel No.: 880-1711422453 Fax No.:880-1711422453 E-mail: kplbangladesh@kplintl.com China Ø Unit 2413, No.99, Huichuan Road, Modern Universe Business Plaza, Shanghai – 200 050 Tel: +86-21-52729837 Fax: +86-21-52729721 Email: kplchina@kplintl.com USA (Authorized Representative) Ø Fairgrow International Inc Ø 9950, Westpark Dr, Suite No. 412, Houston, TX 77063, USA Tel No.: +1-713-8391460 Fax No.: +1-713-9771468 E-mail: pravin@fairgrow.com

DIRECTORS

(AS ON 16.09.2011)

Name :

Mr. Suman Jyoti Khaitan

Designation :

Director

Address :

W-13, Greater Kailash Part II, New Delhi 110 048, India

Date of Birth/Age :

09.02.1959

Date of Appointment :

17.12.1991

DIN No.:

00023370

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	17/12/1991	17/12/1991	Active	NO
2	L24297WB1978PLC031539	ORIENTAL CARBON AND CHEMICALS LIMITED	Director	29/05/1998	29/05/1998	Active	NO
3	L31300DL1959PLC003141	HINDUSTHAN VIDYUT PRODUCTS LIMITED	Director	30/10/2002	30/10/2002	Active	NO
4	L74899DL1981PLC012804	LUMAX INDUSTRIES LIMITED	Director	30/01/2003	30/01/2003	Active	NO
5	U01122DL1996PTC076183	GOPI NURSERY PRIVATE LIMITED	Director	1/5/2003	1/5/2003	Active	NO
6	L26922HR1980PLC010901	JINDAL STAINLESS LIMITED	Director	1/8/2003	1/8/2003	Active	NO
7	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	10/12/2004	10/12/2004	Active	NO
8	U74140DL2005PTC143616	SUMAN KHAITAN ADVISORY SERVICES PRIVATE LIMITED	Director	13/12/2005	13/12/2005	Active	NO
9	U01403CT2007PLC020179	MONNET POWER COMPANY LIMITED	Director	30/09/2011	24/01/2011	Active	NO
10	U55109CH2003PLC025876	BEST FOODS LIMITED	Additional director	10/6/2011	10/6/2011	Active	NO

Name :

Mr. Rajya Vardhan Kanoria

Designation :

Director

Address :

A-45, Vasant Marg, Vasant Vihar, New Delhi 110 057, India

Date of Birth/Age :

23.02.1955

Date of Appointment :

03.09.2001

DIN No.:

00003792

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L24110WB1960PLC024910	KANORIA CHEMICALS AND INDUSTRIES LIMITED	Managing director	10/1/2012	9/11/1982	-	Active	NO
2	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	24/10/1991	24/10/1991	-	Active	NO
3	L65993TN1978PLC007576	CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	Director	14/09/1995	14/09/1995	-	Active	NO
4	U65910UP1972SGC003525	THE PRADESHIYA INDUSTRIAL AND INVESTMENT CORPORATION OF UTTAR PRADESH LIMITED	Director	30/03/1996	30/03/1996	31/12/2009	Active	NO
5	U65999WB1994PLC064358	KIRTIVARDHAN FINVEST SERVICES LIMITED	Director	17/12/1997	17/12/1997	-	Active	NO
6	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	4/6/2001	4/6/2001	-	Active	NO
7	U72200DL2005PTC135154	INTRUST GLOBAL ESERVICES PRIVATE LIMITED	Director	20/04/2005	20/04/2005	1/9/2010	Active	NO
8	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	4/10/2005	4/10/2005	26/09/2009	Active	NO
9	U74140WB2006PLC108600	VARDHAN FINVEST LIMITED	Director	20/03/2006	20/03/2006	7/12/2006	Active	NO
10	L65993WB1979PLC032394	LUDLOW JUTE AND SPECIALITIES LIMITED	Director	30/08/2007	8/11/2006	-	Active	NO
11	U65993WB1972PLC028595	R.V. INVESTMENT AND DEALERS LTD	Director	19/04/2007	19/04/2007	-	Active	NO
12	L21010GJ1960PLC018099	JK PAPER LIMITED	Director	12/12/2007	24/07/2007	-	Active	NO
13	U99999DL1967PLC002635	FEDERATION OF INDIAN CHAMBER OF COMMERCE AND INDUSTRY.	Director	25/02/2008	25/02/2008	-	Active In Progress	NO
14	U24100WB2008PLC130761	KCI ALCO CHEM LIMITED	Director	21/11/2008	21/11/2008	-	Active	NO
15	U85300DL2008NPL181612	NATIONAL SKILL DEVELOPMENT CORPORATION	Director	26/09/2011	18/08/2011	-	Active	NO

Name :

Mr. Mahendra Raj Mehta

Designation :

Director

Address :

7F, Meghdoot, 12, Rowland Road, Kolkata 700 020, West Bengal, India

Date of Birth/Age :

20.12.1947

Date of Appointment :

23.12.1994

DIN No.:

00004387

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1991PTC046261	SHIRSHTY IMPEX PRIVATE LIMITED	Director	30/09/1994	30/09/1994	Active	NO
2	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	23/12/1994	23/12/1994	Active	NO
3	U24117WB1992PLC055414	PRAJAPATI CHEMICALS AND ALLIEDS LIMITED	Director	18/01/1999	18/01/1999	Amalgamated	NO
4	U67120WB1977PLC031082	PIPRI LIMITED	Director	6/5/2002	6/5/2002	Active	NO
5	L14293WB1947PLC015833	VARDHAN LIMITED	Director	31/07/2002	31/07/2002	Active	NO
6	U74899DL1989PTC036722	G R ESTATES PRIVATE LIMITED	Director	30/09/2004	30/09/2004	Active	NO
7	U24100WB2008PLC130761	KCI ALCO CHEM LIMITED	Director	21/11/2008	21/11/2008	Active	NO

Name :

Mr. Tulsi Das Bahety

Designation :

Director

Address :

D-22, Takshshila Apartments, Plot No.57, I. P. Ext Patparganj, Delhi – 110092, India

Date of Birth/Age :

01.08.1940

Date of Appointment :

10.09.2010

DIN No.:

00031572

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U67120WB1995PTC067274	BAHETY CREDIT AND INVESTMENT PRIVATE LIMITED	Director	10/1/1995	10/1/1995	-	Active	NO
2	L24110WB1960PLC024910	KANORIA CHEMICALS AND INDUSTRIES LIMITED	Whole-time director	20/05/2010	20/05/1998	-	Active	NO
3	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	4/10/2005	4/10/2005	30/03/2007	Active	NO
4	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	16/09/2011	10/9/2010	-	Active	NO

Name :

Mr. Anand Vardhan Kanoria

Designation :

Director

Address :

A-45, Vasant Marg, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

07.08.1984

Date of Appointment :

07.06.2008

DIN No.:

02048465

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	22/07/2009	7/6/2008	Active	NO

Name :

Mr. Surinder Kumar Kak

Designation :

Managing Director

Address :

Flat No.203, Laxmi Apartment, Sector 9, Rohini, Delhi, India

Date of Birth/Age :

31.03.1956

Date of Appointment :

01.09.2011

DIN No.:

00044521

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1980PLC010716	SUNSHINE TRAVELS (INDIA) LIMITED	Director	6/7/2002	6/7/2002	Amalgamated	NO
2	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Managing director	1/9/2011	7/11/2003	Active	NO
3	U25209DL1985PLC042111	KPL LOGISTICS LIMIITED	Director	7/5/2004	7/5/2004	Active	NO
4	U72200DL2005PTC135154	INTRUST GLOBAL ESERVICES PRIVATE LIMITED	Director	30/09/2011	1/9/2010	Active	NO
5	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	12/11/2010	12/11/2010	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	93.06
Directors or relatives of directors	5.75
Other top fifty shareholders	1.19
Total	100.00

BUSINESS DETAILS

Line of Business :	Traders, Exporter, Importer, Marketers and International Indenting Agents of Chemicals, Plastics and Engineering Goods.
Products :	§ Chemicals § Plastics and Engineering Goods

GENERAL INFORMATION

No. of Employees :

80 (Approximately)

Bankers :

§ Bank of India

H – 16, Indra Palace, Connaught Circus Branch, New Delhi – 110001, India

§ HDFC Bank Limited

D-5, Mahavir Enclave, Palam Dabri Road, Palam, New Delhi – 110045, India

§ HDFC Bank Limited

Ansal Classique Tower, Rajouri Garden, 9^th Floor, New Delhi – 110027, India

§ Axis Bank,

4/10, OPG House, Asaf Ali Road, New Delhi 110002, India

§ Axis Bank Limited,

Statesman House, 148, Barakhamba Road, New Delhi 110001, India

· UCO Bank

MID Corporate Branch, Parliament Street, New Delhi – 110001, India

· HDFC Bank Limited

HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Working Capital Loans
- Cash Credit	62.014	48.557
- Additional Working Capital Facility (secured against by hypothecation of stock, book debts and equitable mortgage on office premises at 7^th and 8^th Floor DLF Corporate Park, Gurgaon, Haryana)	14.467	3.268
Term Loans *
- From Bank (secured by lien on office premises at 10^th Floor, Statesman House, New Delhi)	--	30.791
Vehicles Financing *
- From Bank (secured by hypothecation of related vehicles)	3.427	5.207
TOTAL	79.908	87.823
* Installments payable within one year Rs.1.557 Millions.
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Loan from a wholly owned Subsidiary Company	0.400	0.400
TOTAL	0.400	0.400

Banking Relations :	--
Auditors :
Name :	Singhi and Company Chartered Accountants
Address :	401-408, Pragati House, 47-48, Nehru Place, New Delhi 110 019, India
Tel No.:	91-11-30820179/ 30820180/ 26293986/ 87
Fax No.:	91-11-30820183
PAN No.:	AAQFS6429R
Email :	newdelhi@singhico.com singhico@rediffmail.com
Website :	http://www.singhico.com
Holding Company:	§ Vardhan Finvest Limited CIN No: U74140WB2006PLC108600
Subsidiaries :	§ KPL (Europe) AG (Up to 31.03.2007) § KPL Logistics Limited CIN No.: U25209DL1985PLC042111

CAPITAL STRUCTURE

(AS ON 16.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
99700	Equity Shares	Rs.1000/- each	Rs. 99.700 millions
3000	9.8% Redeemable Cumulative Preference Shares	Rs.100/- each	Rs. 0.300 million
	Total		Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
15160	Equity Shares	Rs.1000/- each	Rs. 15.160 millions
	Add: Forfeited Shares		Rs. 0.026 million
	Total		Rs. 15.186 millions

NOTE:

Out of above 14107 equity share of Rs.1000/- each held by holding company Vardhan Finvest Limited

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		15.186	15.186	15.186
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		345.564	293.398	228.245
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		360.750	308.584	243.431
LOAN FUNDS
1] Secured Loans		79.908	87.823	134.338
2] Unsecured Loans		0.400	0.400	7.900
TOTAL BORROWING		80.308	88.223	142.238
DEFERRED TAX LIABILITIES		5.145	26.182	25.899
TOTAL		446.203	422.989	411.568
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		266.763	345.143	351.718
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		2.616	4.256	3.557
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	98.997	82.822	78.026
	Sundry Debtors	182.912	108.985	61.570
	Cash & Bank Balances	17.295	34.595	3.858
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	154.136	92.231	114.881
Total Current Assets		453.340	318.633	258.335
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	100.479	104.522	42.079
	Other Current Liabilities	38.100	32.832	38.353
	Provisions	137.937	107.689	121.610
Total Current Liabilities		276.516	245.043	202.042
Net Current Assets		176.824	73.590	56.293
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		446.203	422.989	411.568

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	768.851	561.685	500.519
		Other Income	167.951	170.269	87.923
		TOTAL (A)	936.802	731.954	588.442
Less	EXPENSES
		Cost of Materials	23.055	14.512	9.947
		Purchase of Trading Goods	595.180	442.784	386.424
		Manufacturing Expenses	87.129	74.787	87.303
		Employees Remuneration	55.698	47.291	40.281
		Increase/(Decrease) in Finished Goods	(15.145)	(5.311)	2.943
		TOTAL (B)	745.917	574.063	526.898
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		190.885	157.891	61.544
Less	FINANCIAL EXPENSES (D)		4.571	10.809	18.454
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		186.314	147.082	43.090
Less/ Add	DEPRECIATION/ AMORTISATION (F)		81.761	15.355	15.052
	PROFIT BEFORE TAX (E-F) (G)		104.553	131.727	28.038
Less	TAX (H)		34.709	48.897	0.916
	PROFIT AFTER TAX (G-H) (I)		69.844	82.830	27.122
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		274.888	218.021	212.149
Less	APPROPRIATIONS
		Transfer to General Reserve	3.882	8.285	2.720
		Dividend on Equity Shares	15.160	15.160	15.160
		Tax on Dividend	2.518	2.517	2.576
		Employee Benefits	0.000	0.000	0.794
	BALANCE CARRIED TO THE B/S		323.172	274.888	218.021
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	12.081	5.864
		Commission Earnings	NA	105.788	76.710
		Other Earnings	NA	0.243	4.044
	TOTAL EARNINGS		NA	118.112	86.618
	IMPORTS
		Raw Materials	NA	13.954	8.522
		Trading Goods	NA	357.982	309.038
	TOTAL IMPORTS		NA	371.936	317.560
	Earnings Per Share (Rs.)		4607.14	5463.76	17.89

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.46	11.32	4.60
Net Profit Margin (PBT/Sales)	(%)	13.60	23.45	5.60
Return on Total Assets (PBT/Total Assets}	(%)	14.52	19.84	4.59
Return on Investment (ROI) (PBT/Networth)		0.29	0.42	0.11
Debt Equity Ratio (Total Liability/Networth)		0.99	1.16	1.52
Current Ratio (Current Asset/Current Liability)		1.64	1.30	1.27

LOCAL AGENCY FURTHER INFORMATION

OPERATIONAL REVIEW

The operational framework of the company is designed to respect and nurture relationships with its business associates. This has been one of its strengths and a means to generate goodwill among all its stakeholders. The company summarizers this in its motto ‘Chemistry of partnerships’. Which is manifested in its partnership with 35 global majors.

Over the years, the company has emerged as one of the chemicals indenting and distribution companies in lndia. It has not only steadily increased the number of partnerships, but also has a diverse product range and has expanded its geographical coverage.

During the year the Company witnessed stable operations and increased turnover. In particular, its stock and sale business performed well and the company expects further improvement in the months to come.

Sourcing of capital equipment for large projects, which-is-one of the new business areas of the Company, performed well during the year. Company expects this business to grow further and a new vertical to assist global companies in sourcing their requirement of products from lndia is being developed.

Company’s tea estate near Darjeeling, called Avongrove, continued to perform well. The excellent quality of organic tea produced in the estate is being increasingly preferred by customers as manifested in the high prices it continues to fetch in tea auctions. Apart from being certified as an organic tea estate under US Department of Agriculture (USA), Japanese Agricultural Standards (Japan) and National Programme for Organic Production (India and the EU), this business segment also conforms to labour and trade standards and is a recipient of the Certificate of Fairtrade from Flo-CertGmbH, Germany.

During the year, the profit after tax decreased to Rs.69.840 million as against Rs.82.830 million in the previous year, mainly due to increased provision of depreciation resulting from switching over from Straight Line Method to Written Down Value Method. The turnover increased to Rs.772.020 million as against Rs 563.220 million in t'he5revious year. The income from commission was Rs.148.540 million as against Rs.151.090 million in the previous year.

FORM 8:

Corporate identity number of the company	U23209DL1974PLC029068
Name of the company	KPL INTERNATIONAL LIMITED
Address of the registered office or of the principal place of business in India of the company	10th Floor, Indraprakash, 21, Barakhamba Road, New Delhi – 110001, India kavita@kplintl.com
This form is for	Modification of charge
Charge identification number of the modified	10165450
Type of charge	Immovable Property
Particular of charge holder	Axis Bank Limited 4/10, OPG House, Asaf Ali Road, New Delhi – 110002, India form8.axisbank@gmail.com
Nature of description of the instrument creating or modifying the charge	Memorandum of entry evidencing extension of equitable mortgage.
Date of instrument Creating the charge	15/03/2011
Amount secured by the charge	Rs.250.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per sanction letter no. AXISB/ DEL/ SME/ 2010-11/11421 dated 16.12.2010 and AXISB/ DEL/ SME/ 2010-11/ 13389 dated 31.01.2011 to be amended from time to time. Terms of Repayment As per sanction Letter No. AXISB/ DEL/ SME/ 2010-11/11421 dated 16.12.2010 and AXISB/ DEL/ SME/ 2010-11/ 13389 dated 31.01.2011 to be amended from time to time. Margin As per sanction Letter No. AXISB/ DEL/ SME/ 2010-11/11421 dated 16.12.2010 and AXISB/ DEL/ SME/ 2010-11/ 13389 dated 31.01.2011 to be amended from time to time Extent and Operation of the charge Extent and Operation - 100% Others The above is to secure the following :- (Rs. in Millions) CC/WCDL/FCDL – Rs.70.000 Millions*, Export Credit (Pre-shipment-EPC/FPC)-(Rs.25.000 Millions), Export Credit (Post-shipment-EBD/PCFC) - (Rs.35.000 Millions), Bank Guarantee - Rs.60.000 Millions, SBLC – Rs.35.000 Millions , LC – Rs.25.000 Millions , Buyer's Credit – Rs.40.000 , LER – Rs.20.000 Millions *Full interchangeability from CC to Non Fund Based limits except LER.
Short particulars of the property charged	Equitable Mortgage of Companies Immovable Properties i.e. office space adm. 576.71 sq. mtrs. 7th floor (Portion-I) and 576.71 sq. mtrs. 8th floor (Portion-II) Block-4b in commercial complex know as corporate park along with 9 car parking spaces in basement built on Plot of Land Adm. 3.65 acres, Phase –III, DLF Qutab Enclave complex, Village Nathupur, Tehsil and District Gurgaon (Haryana)
Particulars of the present modification	Bank's 1st charge by Equitable Mortgage of Companies Immovable Properties i.e. office space adm. 576.71 sq. mtrs. 7th floor (Portion-I) and 576.71 sq. mtrs. 8th floor (Portion-II) block-4b in commercial complex know as corporate park along with 9 car parking spaces in basement built on plot of land adm. 3.65 acres, Phase-III, DLF Qutab enclave Complex, Vill. Nathupur, Tehsil and District Gurgaon (H) already regd. for Rs. 167.500 Millions shall stand modified to Rs. 250.000 Millions

FIXED ASSETS:

· Land

· Tea Plantation

· Buildings

· Plan and Machinery

· Furniture and Fixture

· Office and Other Equipments

· Vehicles

· Software

WEBSITE DETAILS:

PROFILE:

Subject established about two decades ago, specializes in the marketing of quality products in India, mainly in the field of chemicals, polymers, paper and paper chemicals, sourced from globally acclaimed manufacturers. With its ISO 9001 quality certification and its process specialization in marketing, distribution and sourcing, Company represents 34 global giants and over 2,100 customers that includes many of the finest Indian business houses. It provides a basket of services and end-to-end solutions to customers.

Company draws roots from Group Company, Kanoria Chemicals and Industries Limited (KCI), which has over four decades of experience in manufacturing chemicals and is a major player in the Indian Chemicals Industry. KCI is the manufacturer of Chlor-Alkali and Alcohol based intermediates with a portfolio comprising of over twenty products. KCI is an ISO 9001, ISO 14001 and OHSAS 18001 certified company besides being rated a 'CRISIL GVC Level 3 for its strong capability with respect to wealth creation for all its stakeholders, while adopting sound corporate governance practices.

Company as a multi faceted enterprise continues to grow in a variety of market segments responding to the fast- changing needs of its customers with unrivaled customer service and satisfaction. It operates on a SAP3 technology platform that helps the company in managing information as per global standards.

Company has expanded its services to cover engineering products like brazing alloys that have high end application in automotive and aerospace industries for supply to companies across India. Company continues to develop this segment by way of establishing joint ventures, exclusive representation, distribution and business development for products directed at emerging markets.

As a part of its diversification plans, company acquired the Avongrove Tea Estate located near Darjeeling in the state of West Bengal. Apart from being certified as an organic tea estate under US Department of Agriculture (USA), Japanese Agricultural Standards (Japan) and National Programme for Organic Production (India and the EU), this business segment also received the Certificate of Fairtrade from Flo-CertGmbH, Germany for conformation to labour and trade standards. The brand equity of Avongrove is strong as a result of the emphasis on quality as well as efficiencies in production.

Another area of focus for the Company in recent years has been on the renewable energy sector. After modest success in the wind energy segment with a generation capacity of 1.25 MW wind turbine electrical power, company now proposes to foray into solar power generation.

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.62.19
UK Pound	1	Rs.102.14
Euro	1	Rs.84.74

INFORMATION DETAILS

Report Prepared by :

NKT

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.