MIRA INFORM REPORT

Report Date :

07.05.2014

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) :	31.03.2013
Date of Incorporation :	17.04.1974
Com. Reg. No.:	55-029068
Capital Investment / Paid-up Capital :	Rs.15.187 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 :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 2100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well-established company having satisfactory track record. The general financial position of the company is decent. Trade relations are reported as fair. Business is active. Payment terms are reported to be 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DENIED BY

Name :	Ms. Ummang Mutreja
Designation :	Company Secretary
Contact No.:	91-11-43579200
Date :	18.02.2014

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 ummang.mutreja@kplintl.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 2013, 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 Office No.128, Building 6WA, Dubai Airport Free Zone, PO Box 371409, Dubai, U.A.E. Tel No.: +9714-2146-890 Fax No.: +9714-2146-892 E-mail: kpldubai@kplintl.com

DIRECTORS

AS ON 09.09.2013

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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74899DL1980PLC010716	SUNSHINE TRAVELS (INDIA) LIMITED	Director	06/07/2002	06/07/2002	Amalgamated	NO
2	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Managing director	01/09/2011	07/11/2003	Active	NO
3	U25209DL1985PLC042111	KPL LOGISTICS LIMIITED	Director	07/05/2004	07/05/2004	Active	NO
4	U72200DL2005PTC135154	INTRUST GLOBAL ESERVICES PRIVATE LIMITED	Director	30/09/2011	01/09/2010	Active	NO
5	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	12/11/2010	12/11/2010	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 :

04.06.2001

DIN No.:

00003792

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	L24110WB1960PLC024910	KANORIA CHEMICALS & INDUSTRIES LIMITED	Managing director	10/01/2012	09/11/1982	-	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	31/07/2013	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	04/06/2001	04/06/2001	-	Active	NO
7	U72200DL2005PTC135154	INTRUST GLOBAL ESERVICES PRIVATE LIMITED	Director	20/04/2005	20/04/2005	01/09/2010	Active	NO
8	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	04/10/2005	04/10/2005	26/09/2009	Active	NO
9	U74140WB2006PLC108600	VARDHAN FINVEST LIMITED	Director	20/03/2006	20/03/2006	07/12/2006	Active	NO
10	L65993WB1979PLC032394	LUDLOW JUTE & SPECIALITIES LIMITED	Director	30/08/2007	08/11/2006	-	Active	NO
11	U65993WB1972PLC028595	R.V. INVESTMENT AND DEALERS LIMITED	Director	19/04/2007	19/04/2007	-	Active	NO
12	L21010GJ1960PLC018099	JK PAPER LIMITED	Director	12/12/2007	24/07/2007	-	Active	NO
13	U99999DL1956NPL002635	FEDERATION OF INDIAN CHAMBER OF COMMERCE AND INDUSTRY.	Director	25/02/2008	25/02/2008	-	Active	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
16	U14293WB1947PLC015833	VARDHAN LIMITED	Director	29/08/2013	29/06/2013	-	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 :

16.09.2011

DIN No.:

00031572

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	U67120WB1995PTC067274	BAHETY CREDIT & INVESTMENT PRIVATE LIMITED	Director	10/01/1995	10/01/1995	-	Active	NO
2	L24110WB1960PLC024910	KANORIA CHEMICALS & INDUSTRIES LIMITED	Whole-time director	20/05/2010	20/05/1998	-	Active	NO
3	U85110KA1988PLC009728	SUPRAWIN TECHNOLOGIES LIMITED	Director	04/10/2005	04/10/2005	30/03/2007	Active	NO
4	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	16/09/2011	10/09/2010	-	Active	NO

Name :

Mr. Saumya Vardhan Kanoria

Designation :

Director

Address :

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

Date of Birth/Age :

01.03.1982

Date of Appointment :

09.09.2013

DIN No.:

02097441

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	U74120DL2008PTC185272	AUDEAMUS FINANCIAL CONSULTANTS PRIVATE LIMITED	Director	26/11/2008	26/11/2008	-	Active	NO
2	U24110AP2009PTC081665	MINERVA FLAVOURS AND FRAGRANCES PRIVATE LIMITED	Director	11/02/2009	11/02/2009	29/10/2010	Active	NO
3	U72900DL2011PTC223041	BREAKING WAVE SOFTWARE PRIVATE LIMITED	Director	30/07/2011	30/07/2011	-	Active	NO
4	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	09/09/2013	05/03/2013	-	Active	NO
5	U74140WB2006PLC108600	VARDHAN FINVEST LIMITED	Director	27/09/2013	29/06/2013	-	Active	NO
6	U51909WB1952PLC020322	INDIA GENERAL TRADING COMPANY LIMITED	Additional director	10/12/2013	10/12/2013	-	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 :

22.07.2009

DIN No.:

02048465

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	Company/ LLP Status	Defaulting status
1	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	22/07/2009	07/06/2008	Active	NO

Name :

Mr. Jagdish Prasad Sonthalia

Designation :

Director

Address :

Airpoe Park Place, Flat No.4, Kolkata – 700 027, West Bengal, India

Date of Birth/Age :

05.03.1945

Date of Appointment :

09.09.2013

DIN No.:

01292249

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	Company/ LLP Status	Defaulting status
1	L24110WB1960PLC024910	KANORIA CHEMICALS & INDUSTRIES LTD	Director	17/08/2011	01/02/2007	Active	NO
2	L65993WB1979PLC032394	LUDLOW JUTE & SPECIALITIES LIMITED	Managing director	17/08/2011	17/08/2011	Active	NO
3	U17232WB1989NPL047311	INDIAN JUTE MILLS ASSOCIATION	Director	26/09/2011	26/09/2011	Active	NO
4	U65191WB1994PLC065400	LUDLOW EXPORTS LIMITED	Director	16/07/2012	30/09/2011	Active	NO
5	U65191WB1994PLC065401	SIJBERIA INDUSTRIES LIMITED	Director	31/07/2012	10/02/2012	Active	NO
6	U23209DL1974PLC029068	KPL INTERNATIONAL LIMITED	Director	09/09/2013	05/03/2013	Active	NO

KEY EXECUTIVES

Name :	Ms. Ummang Mutreja
Designation :	Company Secretary

MAJOR SHAREHOLDERS

Equity Share Break up (Percentage of Total Equity)

AS ON 09.09.2013

Category	Percentage
Bodies corporate	93.09
Directors or relatives of Directors	6.34
Other top fifty shareholders	0.57
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 :

Not Available

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	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loans from Banks	0.000	0.893
Short Term Borrowings
Loans repayable on demand from Banks (Secured by first hypothecation over entire Current Assets; and equitable mortgage of Office premises at DLF Corporate Park, Gurgaon as Collateral)	20.574	17.267
Total	20.574	18.160

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 [U74140WB2006PLC108600]
Subsidiaries :	KPL Logistics Limited [U25209DL1985PLC042111]
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Kanoria chemicals and Industries Limited [L24110WB1960PLC024910] · Sup Rawin Technologies Limited [U85110KA1988PLC009728]

CAPITAL STRUCTURE

AS ON 09.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
99700	Equity Shares	Rs.1000/- each	Rs.99.700 millions
3000	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

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
99700	Equity Shares	Rs.1000/- each	Rs.99.700 millions
3000	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.0.27 million
	Total		Rs.15.187 miilions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	15.187	15.187
(b) Reserves & Surplus	502.243	433.629
(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)	517.430	448.816
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.893
(b) Deferred tax liabilities (Net)	8.004	7.727
(c) Other long term liabilities	2.467	1.842
(d) long-term provisions	7.431	6.501
Total Non-current Liabilities (3)	17.902	16.963
(4) Current Liabilities
(a) Short term borrowings	20.574	17.267
(b) Trade payables	409.628	104.307
(c) Other current liabilities	37.705	42.974
(d) Short-term provisions	99.307	98.558
Total Current Liabilities (4)	567.214	263.106
TOTAL	1102.546	728.885
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	234.388	249.422
(ii) Intangible Assets	28.469	2.171
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	16.925	2.426
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	7.916	6.118
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	287.698	260.137
(2) Current assets
(a) Current investments	90.125	60.150
(b) Inventories	166.723	132.175
(c) Trade receivables	304.405	193.219
(d) Cash and cash equivalents	157.631	4.739
(e) Short-term loans and advances	83.510	75.088
(f) Other current assets	12.454	3.377
Total Current Assets	814.848	468.748
TOTAL	1102.546	728.885

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		15.187
2] Share Application Money		0.000
3] Reserves & Surplus		345.564
4] (Accumulated Losses)		0.000
NETWORTH		360.751
LOAN FUNDS
1] Secured Loans		79.908
2] Unsecured Loans		0.400
TOTAL BORROWING		80.308
DEFERRED TAX LIABILITIES		5.145
TOTAL		446.204
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		266.763
Capital work-in-progress		0.000
INVESTMENT		2.616
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	98.997
	Sundry Debtors	182.912
	Cash & Bank Balances	17.295
	Other Current Assets	0.000
	Loans & Advances	154.137
Total Current Assets		453.341
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	138.579
	Provisions	137.937
Total Current Liabilities		276.516
Net Current Assets		176.825
MISCELLANEOUS EXPENSES		0.000
TOTAL		446.204

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	2225.298	1165.528	917.410
		Other Income	38.132	22.891	19.392
		TOTAL (A)	2263.430	1188.419	936.802
Less	EXPENSES
		Cost of Materials Consumed	30.811	23.464	23.055
		Purchase of Stock-in-trade	1839.478	795.091	595.180
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	(45.230)	(23.118)	(15.145)
		Employee Benefits Expenses	90.729	79.231	58.250
		Other Expenses	117.917	98.557	84.578
		Extraordinary items	(2.916)	(1.426)	(0.237)
		TOTAL (B)	2030.789	971.799	745.681
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		232.641	216.620	191.121
Less	FINANCIAL EXPENSES (D)		8.548	8.042	4.571
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		224.093	208.578	186.550
Less	DEPRECIATION/ AMORTISATION (F)		22.190	21.193	81.760
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		201.903	187.385	104.790
Less	TAX (H)		62.577	64.082	34.946
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		139.326	123.303	69.844
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		395.800	323.174	274.890
Less	APPROPRIATIONS
		Proposed Dividend on Equity Shares	30.320	NA	15.160
		Interim Dividend on Equity Shares	30.320	NA	0.000
		Dividend Distribution Tax	10.070	NA	2.520
		Transfer to General Reserve	13.930	NA	3.880
	BALANCE CARRIED TO THE B/S		450.486	NA	323.174
	Earnings Per Share (Rs.)		9523	8133	8522

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FINANCIAL HIGHLIGHTS:

During the year, the profit after tax increased to Rs.139.330 million as against Rs.123.300 million in the previous Year. The turnover increased to Rs.2040.270 million as against Rs.975.490 million in the previous year. The income from commission was Rs.188.010 million as against Rs.191.640 million in previous year.

OPERATIONAL REVIEW:

Based on its belief as reflected in the Company's motto “Chemistry of Partnerships”, subject continues to carry its growth momentum in the Financial Year 2012-13 across all segments of its activities. This is in-spite of slow growth business environment as well as volatility of the Indian Rupee vis-vis other important foreign currencies particularly US Dollar.

The Company maintains its position as one of the top chemicals and polymers indenting and distribution companies in India.

During the year, subject acquired the intangible assets comprising of intellectual property and rights pertaining to Solar Energy and Training from a Company engaged in such activities at a consideration of around Rs.30 million. Subject is hopeful of reasonable contribution from the Division in the current year.

The performance of Avongrove Tea Estate in Darjeeling which produces excellent quality of organic tea was satisfactory. 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.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10475940	10/01/2014	100,000,000.00	YES BANK LIMITED	NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,, DR. A. B. ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA	B95627782
2	10165450	07/06/2013 *	350,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B80771165
3	10153731	12/06/2013 *	350,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B78120771

* Date of charge modification

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.60.20
UK Pound	1	Rs.101.68
Euro	1	Rs.83.55

INFORMATION DETAILS

Information Gathered by :	PDT
Analysis Done by :	RAS
Report Prepared by :	NKT

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.