MIRA INFORM REPORT

Report Date :

31.07.2014

IDENTIFICATION DETAILS

Name :	KLJ PLASTICIZERS LIMITED
Registered Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	18.07.2008
Com. Reg. No.:	55-181088
Capital Investment / Paid-up Capital :	Rs. 510.000 Millions
CIN No.: [Company Identification No.]	U25200DL2008PLC181088
TAN No.: [Tax Deduction & Collection Account No.]	DELK06611D
PAN No.: [Permanent Account No.]	AAAFK4651K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in manufacturing and selling of plasticizers.
No. of Employees :	550 (Approximately)

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 7700000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of reputed “KLJ Group”. It is well established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payments terms are usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating: A
Rating Explanation	Have adequate degree of safety and carry low credit risk.
Date	28.07.2014

Rating Agency Name	CRISIL
Rating	Short term rating: A1
Rating Explanation	Have very strong degree of safety and carry lowest credit risk.
Date	28.07.2014

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Jitendra
Designation :	Accounts Department
Contact No.:	91-11-41427427-29
Date :	30.07.2014

LOCATIONS

Registered Office/ Head Office :	KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015, India
Tel. No.:	91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 / 41427427-29
Fax No.:	91-11-25459709/ 25910215/ 25536264
E-Mail :	delhi@kjlindia.com sales@kljtownplanners.com mattoo@kljindia.com sales@kljindia.com Praveen@kljindia.com secretariat@kljindia.com
Website :	www.kljindia.com
Branch Office 1:	76, Juhu Shopping Centre, 2^nd Floor, Gulmohar Cross, 9^th Road, Juhu Scheme, Mumbai-400049, India
Tel. No.:	91-22-26244948-54
Fax No.:	91.22-26244009
E-Mail :	mumbai@kljindia.com
Branch Office 2:	Shanti Niketan Building, Suite No-22, Ground Floor, 8, CAMAC Street, Kolkata-700017, India
Tel. No.:	91-33-22823251
E-Mail :	kolkata@kljindia.com
Branch Office 3:	No. 11, 2^nd Floor, Rosy Towers, Nungabakkam Main Road, Nungabakkam, Chennai-600039, Tamilnadu, India
Tel. No.:	91-44-32000815
E-Mail :	chennai@kljindia.com
Sales Offices (Real Estate Divisions) :	102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakya Puri, New Delhi-110002, India
Tel. No.:	91-11-24122880-86
Fax No.:	91-11-24122887
E-Mail :	sales@kjltownpalnners.com
Factory 1 :	Survey No. 98/1, Village Chile, Silvassa – 396230, Dadra and Nagar Haveli, India
Tel No.:	91-260-6548914-6/ 6547878/ 2643098/ 2644235
Fax No.:	91-260-2643098
Factory 2 :	Survey No. 98/1/3, Village Silli, Silvassa-396 230, Dadra and Nagar Haveli, India

DIRECTORS

As on 24.09.2013

Name :

Mr. Kanhaiya Lal Jain

Designation :

Managing Director

Address :

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

Date of Birth/Age :

06.04.1946

Date of Appointment :

28.09.2011

DIN NO.:

00033519

PAN NO.:

AAFPJ3905N

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1984PTC019023	PUNCH PARKASHAN PVT.LTD.	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	Amalgamated	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. Pushp Jain

Designation :

Managing Director

Address :

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

Date of Birth/Age :

27.03.1975

Date of Appointment :

28.09.2011

Din No.:

00033289

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	30/09/2006	13/01/2006	01/11/2008	Active	NO
2	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	29/09/2007	13/01/2006	27/01/2009	Active	NO
3	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	05/03/2007	Active	NO
4	U45201DL2006PTC144847	PM BUILDCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	28/01/2009	Active	NO
5	U45201DL2006PTC144851	PA BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	29/01/2009	Amalgamated	NO
6	U45400DL2007PTC167418	CADILLAC INFRASTRUCTURE PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Strike off	NO
7	U25200DL2008PLC181088	KLJ Plasticizers Limited.	Director	28/09/2011	18/07/2008	-	Active	NO
8	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Managing director	29/09/2011	23/08/2011	-	Active	NO

Name :

Mr. Kamal Jain

Designation :

Director

Address :

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

Date of Birth/Age :

08.04.1973

Date of Appointment :

18.07.2008

DIN No.:

00033355

Other Directorship:

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

Name :

Mrs. Sonali Jain

Designation :

Director

Address :

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

Date of Birth/Age :

20.07.1974

Date of Appointment :

18.07.2008

DIN No.:

02141712

PAN NO.:

ACBPJ6705C

Name :

Mr. Prem Prakash Soni

Designation :

Director

Address :

A-3/108, Printer Society, Sector – 13, Rohini, Delhi – 110085, India

Date of Birth/Age :

10.12.1943

Date of Appointment :

25.09.2009

DIN No.:

02658821

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	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	25/09/2009	09/08/2008	-	Active	NO

Name :

Mr. Praveen Sharma

Designation :

Director

Address :

K-117, 1^st Floor, Kirti Nagar, New Delhi-110015, India

Date of Birth/Age :

13.09.1965

Date of Appointment :

25.09.2009

DIN No.:

00023289

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909DL1998PTC092014	UJJAVAL CONSUMABLE GOODS PRIVATE LIMITED	Director	01/07/2002	01/07/2002	-	Amalgamated	NO
2	U70101DL1998PTC092359	HAMLOG BUILDERS PRIVATE LIMITED	Director	02/07/2002	02/07/2002	-	Amalgamated	NO
3	U51909DL1997PTC091166	LUBHAVANI GRAIN TRADERS PRIVATE LIMITED	Director	16/08/2004	16/08/2004	-	Active	NO
4	U51496DL1998PTC091877	INSPIRATION DEALERS PRIVATE LIMITED	Director	17/08/2004	17/08/2004	-	Active	NO
5	U51229DL1997PTC088349	JEEWAN JYOTI ENTERPRISES PRIVATE LIMITED	Director	18/08/2004	18/08/2004	-	Active	NO
6	U74140DL1949PTC001672	VIRMANI INDUSTRIES PRIVATE LTD	Director	30/09/2005	10/10/2004	-	Active	NO
7	U70101DL1998PTC092152	LUBHAVANI PROPERTIES PRIVATE LIMITED	Director	27/08/2005	27/08/2005	-	Active	NO
8	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	-	Amalgamated	NO
9	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Director	13/01/2006	13/01/2006	31/01/2014	Active	NO
10	U45201DL2006PTC144850	JS BUILDWELL PRIVATE LIMITED	Director	02/01/2008	13/01/2006	-	Active	NO
11	U45303DL1997PTC091172	ASHULOK TRADERS PRIVATE LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
12	U45400DL2007PTC167472	CADILLAC TECHNO-BUILD PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Active	NO
13	U45200DL2008PTC173602	PH INFRASTRUCTURE PRIVATE LIMITED	Director	05/02/2008	05/02/2008	01/07/2008	Active	NO
14	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	05/02/2008	05/02/2008	06/04/2009	Active	NO
15	U24232DL2008PTC173572	KLJ PHARMA PRIVATE LIMITED	Director	05/02/2008	05/02/2008	-	Strike off	NO
16	U55101DL2008PTC173687	KLJ RESORTS PRIVATE LIMITED	Director	06/02/2008	06/02/2008	-	Strike off	NO
17	U45200DL2008PTC173709	HH BUILDTECH PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
18	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	25/09/2009	09/08/2008	-	Active	NO

Name :

Mr. Jagdish Nanikram Shahani

Designation :

Additional Director

Address :

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

Date of Birth/Age :

13.04.1947

Date of Appointment :

28.09.2011

DIN No.:

01647209

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24114MH1972PLC015706	MAZDA COLOURS LIMITED	Director	30/09/2013	01/08/2007	-	Active	NO
2	U25200DL2008PLC181088	KLJ PLASTICIZERS LIMITED.	Director	28/09/2011	31/01/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Radha Krishna Agarwala
Designation :	Company Secretary
Address :	359, Niligiri Apartments, Alaknanda, New Delhi-110019, India
Date of Birth/Age :	15.06.1937
Date of Appointment :	01.04.2009
PAN No.:	AACPA6471D
Name :	Mr. Jitendra
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.09.2013

Names of Shareholders	No. of Shares
Pushp Jain	14000000
Neetu Jain	1400
Sushila Jain	1400
Kamal Jain	14000000
Sonali Jain	6994400
Shashi Katyal	1400
Kanak Mal Kothari	1400
Kanhaiya Lal Jain	16000000
Total	51000000

Equity Share Break up (Percentage of Total Equity)

As on 24.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in manufacturing and selling of plasticizers.

Products :

Item Code No.	Product Description
29173990	Other Armtc Plycrboxylic Acids etc

Exports :

Products :

Finished Goods

Countries :

· USA

· Middle East

· Gulf

· African Countries

· Turkey

Imports :

Products :

Raw Material

Countries :

· China

· Saudi Arabia

· Korea

· Germany

· Russia

Terms :

Selling :

L/C, Cash and Credit

Purchasing :

L/C, Cash and Credit

PRODUCTION STATUS (as on 31.03.2012)

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

GENERAL INFORMATION

No. of Employees :

550 (Approximately)

Bankers :

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

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

· Oriental Bank of Commerce, Industrial Finance Branch, A/30-33, Connaught Circus, New Delhi-110 001.

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

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Rupee term loans from banks	178.031	100.168
Short-term borrowings
Other loans and advances, others	268.033	214.559
Total	446.064	314.727

Banking Relations :	--
Auditors :
Name :	Nahata Jain Golchha and Company Chartered Accountants
Address :	4378, Murari Lal street, 4-B, Ansari Road, Darya Ganj, New Delhi – 110002, India
Tel. No.:	91-11-64514061
Fax No.:	91-11-23275314
Email :	njg_co@yahoo.co.in
PAN N Income-tax PAN of auditor or auditor's firm :	AAEFN8137H
Associates:	· KLJ Polyalloys · KLJ Polymers and Chemicals Limited, India [U24119DL1989PLC036883] · KLJ Organic Limited, India [U74899DL1995PLC068170] · KLJ Organic(E.O.U) Limited · KLJ Resources Limited, India [L67120WB1986PLC041487] · Kinetc Impex Limited, India [L51909WB1985PLC039455] · Kundalia Industries

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
51000000	Equity Shares	Rs.10/- each	Rs.510.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
51000000	Equity Shares	Rs.10/- each	Rs.510.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	510.000	510.000	350.000
(b) Reserves & Surplus	1420.564	1037.207	612.202
(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)	1930.564	1547.207	962.202
(3) Non-Current Liabilities
(a) long-term borrowings	237.724	111.002	13.358
(b) Deferred tax liabilities (Net)	12.481	1.724	0.522
(c) Other long term liabilities	23.698	14.152	0.254
(d) long-term provisions	10.092	6.151	0.000
Total Non-current Liabilities (3)	283.995	133.029	14.134
(4) Current Liabilities
(a) Short term borrowings	268.033	214.559	122.249
(b) Trade payables	2519.170	2210.028	1267.379
(c) Other current liabilities	61.123	156.854	74.581
(d) Short-term provisions	330.381	175.968	268.532
Total Current Liabilities (4)	3178.707	2757.409	1732.741
TOTAL	5393.266	4437.645	2709.077
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	425.001	298.006	94.260
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	71.940	131.934	0.868
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	172.146	173.623	138.441
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.969	0.347	0.694
Total Non-Current Assets	670.056	603.910	234.263
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2126.625	1792.17	888.022
(c) Trade receivables	1527.508	1165.733	679.132
(d) Cash and cash equivalents	234.956	188.193	122.207
(e) Short-term loans and advances	834.121	687.639	785.453
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	4723.210	3833.735	2474.814
TOTAL	5393.266	4437.645	2709.077

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	11095.220	9023.341	5977.170
		Other Income	80.303	124.346	50.376
		TOTAL (A)	11175.523	9147.687	6027.546
Less	EXPENSES
		Cost of materials consumed	10007.423	8310.305	5224.728
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(190.830)	(37.273)	(151.739)
		Employee benefit expense	113.259	90.617	41.070
		Other expenses	567.094	441.876	286.108
		TOTAL (B)	10496.946	8805.525	5400.167
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		678.577	342.162	627.379
Less	FINANCIAL EXPENSES (D)		78.493	48.530	19.489
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		600.084	293.632	607.890
Less/ Add	DEPRECIATION/ AMORTISATION (F)		34.351	17.726	12.218
	PROFIT BEFORE TAX (E-F) (G)		565.733	275.906	595.672
Less	TAX (H)		182.376	90.900	200.976
	PROFIT AFTER TAX (G-H) (I)		383.357	185.006	394.696
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	907.200	809.900	988.100
	TOTAL EARNINGS		907.200	809.900	988.100
	IMPORTS
		Raw Materials	5553.000	4273.600	2906.300
	TOTAL IMPORTS		5553.000	4273.600	2906.300
	Earnings Per Share (Rs.)		7.52	3.63	11.28

Particulars	31.03.2014
Sales Turnover (Approximately)	13000.000

The above information has been parted by Mr. Jitendra (Accounts Department)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.43	2.02	6.55
Net Profit Margin (PBT/Sales)	(%)	5.10	3.06	9.97
Return on Total Assets (PBT/Total Assets}	(%)	10.99	7.20	24.06
Return on Investment (ROI) (PBT/Networth)		0.29	0.18	0.62
Debt Equity Ratio (Total Debt /Networth)		0.26	0.21	0.14
Current Ratio (Current Asset/Current Liability)		1.49	1.50	1.54

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	350.000	510.000	510.000
Reserves & Surplus	612.202	1037.207	1420.564
Net worth	962.202	1547.207	1930.564
long-term borrowings	13.358	111.002	237.724
Short term borrowings	122.249	214.559	268.033
Total borrowings	135.607	325.561	505.757
Debt/Equity ratio	0.141	0.210	0.262

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	5977.17	9023.341	11095.22
		50.963	22.961

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	5977.170	9023.341	11095.220
Profit	394.696	185.006	383.357
	6.60%	2.05%	3.46%

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

OPERATION

Subject is a flagship company of KLJ Group of Industries who is the largest manufacturer and market leader in Plasticizers in South Asia. The Company offers a complete range of Plasticizers and has potential to meet all types of requirements standard and customized grades.

The product range consists of Phthalate Plasticizers, Maleate Plasticizers, Specialty Plasticizers, Flame Retardant Plasticizers etc.

The Company products are used in industries such as wires and cables, leather cloth, vinyl flooring, medical equipment, non-toxic food containers, footwear, flexible PVC films, adhesives, automobile parts, belts, flexible pipes and tubings, paints and lubricants and as chemical intermediates for other industries.

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

CORPORATE INFORMATION.

Subject is a public limited company, having 3 manufacturing units out of which two units are operational and third unit is under initial stage of development, domiciled in India incorporated under the provisions of the Companies Act, 1956. The company is engaged in manufacturing and selling of plasticizers. The company caters to both domestic and international markets.

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Loans and advances from related parties	59.693	10.834
Total	59.693	10.834

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10421376	12/03/2013	420,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3 , SOUTH EXTENSION PART -I, NEW DELHI, DELHI - 110048, INDIA	B73652976
2	10377755	30/08/2013 *	3,830,000,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, N3, SOUTH EXTENSION-I, NEW DELHI, DELHI - 110049, INDIA	B85005726
3	10345960	12/03/2012	90,000,000.00	DENA BANK	A-3, KIRTI NAGAR, NAJAFGARH ROAD BRANCH, NEW DELHI, DELHI - 110015, INDIA	B36458107
4	10124691	12/03/2013 *	150,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3 , SOUTH EXTENSION PART -I, NEW DELHI, DELHI - 110048, INDIA	B73653024

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2013
Company has given bank guarantee of	2.606
Net Outstanding LC’s with Bank	5.833

FIXED ASSETS

Tangible assets

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office equipment

· Computer equipments

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.60.15
UK Pound	1	Rs.101.92
Euro	1	Rs.86.64

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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
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.