MIRA INFORM REPORT

Report No. :	315922
Report Date :	07.04.2015

IDENTIFICATION DETAILS

Name :	KLJ PLASTICIZERS LIMITED
Registered Office :	'KLJ House', 63, Rama Marg, Najafgarh Road, New Delhi - 110015
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.07.2008
Com. Reg. No.:	55-181088
Capital Investment / Paid-up Capital :	Rs. 510.000 Million
CIN No.: [Company Identification No.]	U25200DL2008PLC181088
TAN No.: [Tax Deduction & Collection Account No.]	DELK06611D
PAN No.: [Permanent Account No.]	AAAFK4651K / AADCK4412E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in manufacturing and selling of plasticizers.
No. of Employees :	300 (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 6370000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of reputed “KLJ Group”. It is well established company having a fine track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payments terms are regular and as per commitment. 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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	03.02.2015

Rating Agency Name	CRISIL
Rating	Short term rating: A1
Rating Explanation	Have very strong degree of safety and carry lowest credit risk.
Date	03.02.2015

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 (GENERAL Details)

Name :	Mr. Jitendra Beqani
Designation :	Account Head
Contact No.:	91-11-25459707
Date :	03.04.2015

LOCATIONS

Registered Office/ Head Office :	'KLJ House', 63, Rama Marg, Najafgarh Road, New Delhi - 110015, India
Tel. No.:	91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 / 41427427-29 / 8
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, West Bengal, India
Tel. No.:	91-33-22823251
Fax 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
Factory 3 :	Survey No. 98/1/1, Village Silli, Silvassa-396 230, Dadra and Nagar Haveli, India
Branch Office 4 :	Unit No.403 and 404, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai - 400 069, Maharashtra, India

DIRECTORS

AS ON 29.09.2014

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

Name :

Mr. Pushp Jain

Designation :

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	Amalgamated	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	Amalgamated	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

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

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

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 Beqani
Designation :	Account Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

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 29.09.2014

Category	Percentage
Directors or relatives of Directors	99.97
Others	0.03
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in manufacturing and selling of plasticizers.

Products :

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

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished goods

Countries :

• USA
• Pakistan
• Russia
• Indonesia
• Malaysia
• Singapore

Imports :

Products :

Raw material

Countries :

• Saudi Arabia
• South Africa
• Korea
• Israel

Terms :

Selling :

Cash and Credit

Purchasing :

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

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

3000 (Approximately)

Bankers :

• State Bank of India, Commercial Branch, N-3, Ring Road, South Extension Part -I, New Delhi – 110048, India

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

• Oriental Bank of Commerce, Industrial Finance Branch, A/30-33, Connaught Circus, New Delhi -110001, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	117.033	178.031
Short-term borrowings
Other loans and advances, others	275.798	268.033
Total	392.831	446.064

Note :

Long-term Borrowings

(a) Term Loan From Dena Bank 45000000 67500000 (b) Term Loan From S.B.I 72032598 110531004 Term Loan taken from Dena Bank Carries Interest @ Base Rate +1.3%. The loan is repayable in 24 monthly Installments of Rs 1.875 Million each along with Interest. The loan is secured by way of Equitable Mortgage of said property at Mumbai for which this loan has been taken. Term Loan taken from State Bank of India carries Interest @ Base Rate+3.10% p.a. The loan is repayable till September,2016. The loan is secured by First charge over the entire fixed assets of the company.

Short-term borrowings

Cash Credit from Banks (SBI and OBC) (Secured by charge over all kinds of Stocks & Book Debts and Personal Guarantee of Directors of the Company).

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 Resources Limited, India [L67120WB1986PLC041487] Kinetc Impex Limited, India [L51909WB1985PLC039455] Hamlog Traders Private Limited [U51909DL1997PTC091106] Ashulok Traders Private Limited [U45303DL1997PTC091172] Lubhavani Grain Traders Private Limited [U51909DL1997PTC091166] KLJ Organic(E.O.U) Limited Kundalia Industries

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
51,000,000	Equity Shares	Rs.10/- each	Rs.510.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
51,000,000	Equity Shares	Rs.10/- each	Rs.510.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	510.000	510.000	510.000
(b) Reserves & Surplus	1719.078	1420.564	1037.207
(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)	2229.078	1930.564	1547.207
(3) Non-Current Liabilities
(a) long-term borrowings	150.554	237.723	111.002
(b) Deferred tax liabilities (Net)	15.211	12.481	1.724
(c) Other long term liabilities	22.820	23.698	14.152
(d) long-term provisions	11.749	10.092	6.151
Total Non-current Liabilities (3)	200.334	283.994	133.029
(4) Current Liabilities
(a) Short term borrowings	275.798	268.033	214.559
(b) Trade payables	2708.148	2519.170	2210.028
(c) Other current liabilities	87.073	61.124	156.854
(d) Short-term provisions	325.751	330.381	175.968
Total Current Liabilities (4)	3396.770	3178.708	2757.409
TOTAL	5826.182	5393.266	4437.645
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	484.314	425.001	298.006
(ii) Intangible Assets	1.772	0.000	0.000
(iii) Capital work-in-progress	46.266	71.940	131.934
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	192.904	172.146	173.623
(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	0.000	0.969	0.347
Total Non-Current Assets	725.256	670.056	603.910
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2094.492	2126.625	1792.17
(c) Trade receivables	1846.482	1527.508	1165.733
(d) Cash and cash equivalents	189.785	234.956	188.193
(e) Short-term loans and advances	970.167	834.121	687.639
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	5100.926	4723.210	3833.735
TOTAL	5826.182	5393.266	4437.645

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	12647.287	11095.220	9023.341
		Other Income	86.273	80.303	124.346
		TOTAL (A)	12733.560	11175.523	9147.687
Less	EXPENSES
		Cost of materials consumed	11650.153	10007.422	8289.352
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(203.771)	(190.829)	(37.273)
		Employee benefit expense	128.826	113.259	90.617
		Other expenses	587.005	567.094	462.829
		TOTAL (B)	12162.213	10496.946	8805.525
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		571.347	678.577	342.162
Less	FINANCIAL EXPENSES (D)		68.868	78.493	48.530
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		502.479	600.084	293.632
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.187	34.351	17.726
	PROFIT BEFORE TAX (E-F) (G)		459.292	565.733	275.906
Less	TAX (H)		160.778	182.376	90.900
	PROFIT AFTER TAX (G-H) (I)		298.514	383.357	185.006
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1039.200	907.200	809.900
	TOTAL EARNINGS		1039.200	907.200	809.900
	IMPORTS
		Raw Materials	7402.800	5553.000	4273.600
	TOTAL IMPORTS		7402.800	5553.000	4273.600
	Earnings Per Share (Rs.)		5.85	7.52	3.63

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.36	3.46	2.05
Operating Profit Margin (PBIDT/Sales)	(%)	4.52	6.12	3.79
Return on Total Assets (PBT/Total Assets}	(%)	8.22	10.99	6.68
Return on Investment (ROI) (PBT/Networth)		0.21	0.29	0.18
Debt Equity Ratio (Total Debt /Networth)		0.19	0.26	0.21
Current Ratio (Current Asset/Current Liability)		1.50	1.49	1.39

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	510.000	510.000	510.000
Reserves & Surplus	1037.207	1420.564	1719.078
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1547.207	1930.564	2229.078
long-term borrowings	111.002	237.723	150.554
Short term borrowings	214.559	268.033	275.798
Total borrowings	325.561	505.756	426.352
Debt/Equity ratio	0.210	0.262	0.191

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9023.341	11095.220	12647.287
		22.961	13.989

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9023.341	11095.220	12647.287
Profit	185.006	383.357	298.514
	2.05%	3.46%	2.36%

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

HISTORY

Subject was incorporated on 18.07.2008 as a closely held public limited company and certificate of Commencement of Business was issued on 08.08.2008. The financial year 2013-14 is the Sixth year of operations of the Company. The company will now be governed by the Companies Act, 2013.

OPERATION

Subject is a flagship company of KLJ Group of Industries who is the largest manufacturer and market leader in Plasticizers in South Asia with two units at Village Silli, Silvassa (U.T. of D & NH) with an installed capacity of 1,80,000 tpa. The Company offers a complete range of Plasticizers and has potential to meet all types of requirements of both standard and customized grades. Plants capacity utilization is quite healthy.

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

The products manufactured by the company 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, inks and as chemical intermediate 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.

EXPANSION / FUTURE PLANS

To cater to the increasing demand of the products of the Company, the capacity expansion was undertaken and completed successfully. The total installed capacity of the plants is 1,80,000 tpa.

Expansion activity for enhancement of capacity of DEP/DMP in Unit-II was undertaken and completed during the year 2013-14.

CORPORATE INFORMATION

Subject is a public limited company, domiciled in India incorporated under the provisions of the Companies Act, 1956. The company is engaged in manufacturing and selling of plasticizers having 3 manufacturing units out of which two units are operational and one unit merged with Main Unit during the year. The company caters to both domestic and international markets.

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from related parties	33.521	59.692
Total	33.521	59.692

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10377755	27/05/2014 *	4,440,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH , N-3 FIRST & SECOND FLOOR, SOU  TH EXTENSION PART-I, NEW DELHI, DELHI - 110049, INDIA	C06861413
2	10345960	12/03/2012	90,000,000.00	DENA BANK	A-3, KIRTI NAGAR, NAJAFGARH ROAD BRANCH, NEW DELH  I, DELHI - 110015, INDIA	B36458107
3	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

PARTICULARS	31.03.2014 (Rs. in million)	31.03.2013 (Rs. in million)
Company has given bank guarantee of	2.324	2.606
Net Outstanding LC’s with Bank	368.400	583.300

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.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	SUB
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.