MIRA INFORM REPORT

Report No. :	319585
Report Date :	29.04.2015

IDENTIFICATION DETAILS

Name :	KLJ RESOURCES LIMITED (w.e.f. 16.01.1991)
Formerly Known As :	JAINSONS RESOURCES LIMITED
Registered Office :	Shantiniketan Building, Suite No.22, Ground Floor, 8, Camac Street, Kolkata – 700 017, West Bengal
Tel. No.:	91-33-22823851
Country :	India
Financials (as on) :	31..03.2013
Date of Incorporation :	24.11.1986
Com. Reg. No.:	21-041487
Capital Investment / Paid-up Capital :	Rs. 71.600 Million
CIN No.: [Company Identification No.]	L67120WB1986PLC041487
TAN No.: [Tax Deduction & Collection Account No.]	CALK03240G
PAN No.: [Permanent Account No.]	AABCK1181C
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Trading and Manufacturing of Chemicals.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Management has filed from 20B, for FY14, whereas failed to file any other documents for the same year with the statutory authorities. The financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of old and reputed group and its associates, 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/Negative
Rating Explanation	Adequate degree of safety and low credit risk.
Date	03.02.2015

Rating Agency Name	CRISIL
Rating	Short term Rating: A1
Rating Explanation	Very strong degree of safety and 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 DECLINED

MANAGEMENT NON-COOPERATIVE (TEL. NO.: 91-11-41427427)

LOCATIONS

Registered Office :	Shantiniketan Building, Suite No.22, Ground Floor, 8, Camac Street, Kolkata – 700 017, West Bengal, India
Tel. No.:	91-33-22823851
Fax No.:	Not Available
E-Mail :	praveen@kljindia.com krl@kljindia.com
Website :	http://www.kljindia.com
Corporate Office 1 :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110 015, India
Tel. No.:	91-11-25459706
Fax No.:	91-11-25459709
Corporate Office 2 :	KLJ Complex, 70/B-39, Shivaji Marg, Najafgarh Road, New Delhi - 110 015, India
Tel. No.:	91-11-49207300
Fax No.:	91-11-25935730
Factory :	Located at: · Silvassa, (Union Territory of Dadra and Nagar Haveli), India

DIRECTORS

As on 29.09.2014

Name :

Mr. Hemant Jain

Designation :

Managing Director

Address :

6-B/9, N.E.A, Old Rajinder Nagar, New Delhi – 110 060, India

Date of Birth/Age :

18.08.1971

Qualification :

Graduate, Diploma in International Business

Date of Appointment :

01.10.2005

PAN No.:

AALPJ1370K

DIN No.:

00506995

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	U24119DL1989PLC036883	K L J POLYMERS AND CHEMICALS LIMITED	Director	25-09-89	25-09-89	29-03-14	Active	NO
2	U74210TG1994PTC019032	SUMAX ENGINEERING PRIVATE LIMITED	Director	29-09-14	28-12-96	-	Active	NO
3	U51495DL1997PTC088314	PRAGYA ENTERPRISES PRIVATE LIMITED	Director	03-07-97	03-07-97	08-02-08	Amalgamated	NO
4	U24299DL1998PTC093855	PRAGYA PRODUCTS PRIVATE LIMITED	Director	15-05-98	15-05-98	14-05-08	Active	NO
5	U70101DL1998PTC093856	CHETNA ESTATE PRIVATE LIMITED.	Director	15-05-98	15-05-98	08-02-08	Amalgamated	NO
6	U72900DL2001PTC109334	KLJ INFOTECH PRIVATE LIMITED	Director	23-01-01	23-01-01	-	Active	NO
7	U70101DL1997PTC088313	KLJ ESTATES PRIVATE LIMITED	Director	24-07-03	24-07-03	08-02-08	Amalgamated	NO
8	U45201DL2003PTC118748	GENIOUS PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	15-10-03	15-10-03	17-06-08	Active	NO
9	U74899DL1995PTC072219	DELHI BUILDWELL PRIVATE LIMITED	Director	27-04-04	27-04-04	30-03-11	Active	NO
10	U74899DL1953PTC002338	PRITHVI SOUND PRODUCTS COMPANY PRIVATE LIMITED	Director	15-04-05	15-04-05	30-08-13	Active	NO
11	U70101DL2005PTC139094	CADILLAC BUILDWELL PRIVATE LIMITED	Director	27-07-05	27-07-05	-	Amalgamated	NO
12	L67120WB1986PLC041487	KLJ RESOURCES LTD	Managing director	01-04-14	01-10-05	-	Active	NO
13	U45201DL2005PTC143434	SHV BUILDWELL PRIVATE LIMITED	Director	25-09-06	29-12-05	08-02-08	Amalgamated	NO
14	U45201DL2005PTC143435	HVS BUILDWELL PRIVATE LIMITED	Director	25-09-06	29-12-05	01-03-07	Under Process of Striking off	NO
15	U45201DL2006PTC144850	JS BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	01-03-07	Active	NO
16	U45201DL2006PTC144846	JM BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	05-03-07	Active	NO
17	U45201DL2006PTC144845	HA BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	05-03-07	Active	NO
18	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	05-03-07	Amalgamated	NO
19	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	22-01-06	22-01-06	05-03-07	Active	NO
20	U45201DL2006PTC145296	KLJ DEVELOPERS PRIVATE LIMITED	Director	16-03-10	24-01-06	31-08-13	Active	NO
21	U45201DL2006PTC144827	HM BUILDCON PRIVATE LIMITED	Director	01-08-06	01-08-06	05-03-07	Active	NO
22	U15422DL1997PTC091143	PIONEER ESERVE PRIVATE LIMITED	Director	30-09-09	03-10-06	-	Active	NO
23	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Director	29-09-07	10-07-07	13-06-08	Active	NO
24	U74899DL1995PLC068170	KLJ ORGANIC LIMITED	Director	29-09-07	20-08-07	-	Active	NO
25	U45400DL2007PTC167471	CADILLAC REAL-TECH PRIVATE LIMITED	Director	27-08-07	27-08-07	08-02-08	Strike off	NO
26	U45400DL2007PTC167420	CADILLAC IT PARK PRIVATE LIMITED	Director	27-08-07	27-08-07	08-02-08	Strike off	NO
27	U45400DL2007PTC167419	CADILLAC IT DEVELOPERS PRIVATE LIMITED	Director	27-08-07	27-08-07	08-02-08	Strike off	NO
28	U45200DL2008PTC173602	PH INFRASTRUCTURE PRIVATE LIMITED	Director	05-02-08	05-02-08	13-06-08	Active	NO
29	U55101DL2008PTC173687	KLJ RESORTS PRIVATE LIMITED	Director	06-02-08	06-02-08	-	Strike off	NO
30	U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	Director	30-09-09	02-04-09	05-05-11	Active	NO
31	U72200DL2006PTC147341	Sunny IT Infrasoft Private Limited	Additional director	10-06-09	10-06-09	30-09-09	Active	NO
32	U74999DL2009PTC191454	KOYO LIFT SYSTEMS INDIA PRIVATE LIMITED	Director	22-06-09	22-06-09	15-03-10	Strike off	NO
33	U70200DL2008PTC175282	KLJ REALTECH PRIVATE LIMITED	Additional director	26-03-15	26-03-15	-	Active	NO

Name :

Mr. Shanti Lal Dugar

Designation :

Director

Address :

3/104, 2^nd Floor, Ramesh Nagar, New Delhi – 110 015, India

Date of Birth/Age :

16.07.1978

Qualification :

B.Com, ACA

Date of Appointment :

30.09.2011

PAN No.:

AHCPD8321Q

DIN No.:

03441727

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	29-09-11	01-02-11	-	Active	NO
2	L67120WB1986PLC041487	KLJ RESOURCES LTD	Director	30-09-11	22-07-11	-	Active	NO

Name :

Mr. Dilip Kumar Karn

Designation :

Director

Address :

63, Rama Marg, New Delhi – 110 015, India

Date of Birth/Age :

06.02.1953

Qualification :

Graduate

Date of Appointment :

10.10.1997

DIN No.:

00061804

PAN No.:

AALPK4457C

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	L67120WB1986PLC041487	KLJ RESOURCES LTD	Director	10-10-97	10-10-97	-	Active	NO
2	U51495DL1998PTC092469	PRIYATAM TRADERS PRIVATE LIMITED.	Director	25-08-05	25-08-05	-	Active	NO
3	U45201DL2006PTC144827	HM BUILDCON PRIVATE LIMITED	Director	25-09-06	14-07-06	-	Active	NO
4	U51909DL1998PTC092195	ASHULOK STEEL TRADERS PRIVATE LIMITED	Director	27-09-06	14-07-06	-	Active	NO
5	U51909DL1997PTC091106	HAMLOG TRADERS PRIVATE LIMITED	Director	27-09-06	17-08-06	-	Active	NO
6	U51495DL1998PTC092417	HAMLOG PLASTIC GOODS PRIVATE LIMITED	Director	25-09-06	25-08-06	-	Active	NO
7	U45201DL2006PTC144848	AP BUILDCON PRIVATE LIMITED	Additional director	05-03-07	05-03-07	25-07-07	Active	NO
8	U45201DL2006PTC144849	PP DEVCON PRIVATE LIMITED	Additional director	05-03-07	05-03-07	30-07-07	Active	NO
9	U45201DL2006PTC144845	HA BUILDWELL PRIVATE LIMITED	Director	29-09-07	05-03-07	-	Active	NO
10	U45201DL2005PTC143313	SMV BUILDWELL PRIVATE LIMITED	Director	29-09-07	05-03-07	-	Active	NO
11	U45201DL2006PTC144846	JM BUILDWELL PRIVATE LIMITED	Director	29-09-07	05-03-07	-	Active	NO
12	U45201DL2006PTC144844	HP BUILDWELL PRIVATE LIMITED	Director	29-09-07	05-03-07	-	Amalgamated	NO
13	U24224OR1991PTC002967	SHREE PIGMENTS PVT LTD	Director	30-09-07	20-03-07	-	Strike off	NO
14	U51909WB2007PTC117810	PRAGATI TRADECOM PRIVATE LIMITED	Director	14-08-07	14-08-07	-	Active	NO
15	U70101DL1998PTC092321	SUBHANKAR ESTATE PRIVATE LIMITED	Director	29-09-07	15-09-07	-	Active	NO
16	U70200DL2008PTC173571	DM REALTY DEVELOPERS PRIVATE LIMITED	Director	05-02-08	05-02-08	-	Active	NO

Name :

Mr. Umakant Upendra Bhobe

Designation :

Director

Address :

1, Gautam Niwas, J.P. Road, Andheri (West), Mumbai – 400 053, Maharashtra, India

Date of Birth/Age :

15.01.1942

Date of Appointment :

01.10.2005

DIN No.:

01489172

Name :

Mr. Sudeep Sumer Mehta

Designation :

Director

Address :

Plot No.45, Shanti Niketan Colony, Mahendra Hills, East Marredpally, Secunderabad, Hyderabad-500026, Telangana, India

Date of Birth/Age :

21.02.1970

Qualification :

MBA

Date of Appointment :

29.09.2012

DIN No.:

00483072

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	U74210TG1994PTC019032	SUMAX ENGINEERING PRIVATE LIMITED	Managing director	21-12-94	21-12-94	-	Active	NO
2	L25209AP1978PLC002334	KLJ PLASTICS LIMITED	Director	16-12-04	16-12-04	18-08-14	Active	NO
3	U72200AP1992PTC014061	IP CORE SOLUTIONS (INDIA) PRIVATE LIMITED	Additional director	15-10-07	15-10-07	01-05-09	Active	NO
4	L67120WB1986PLC041487	KLJ RESOURCES LTD	Director	29-09-12	01-03-08	-	Active	NO
5	U34101TG2012PTC079468	AUTOKROM INDIA PRIVATE LIMITED	Managing director	20-03-13	20-03-13	-	Active	NO

Name :

Ms. Kalpana Seth

Designation :

Director

Address :

C-37 B, Block-C, Rama Park, New Delhi-110 059, India

Date of Birth/Age :

21.09.1962

Date of Appointment :

14.08.2014

DIN No.:

06949098

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	L67120WB1986PLC041487	KLJ RESOURCES LTD	Director	29-09-14	14-08-14	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Praveen Sharma
Designation :	Secretary
Address :	K-117, Kirti Nagar, New Delhi - 110015, India
Date of Birth/Age :	13.09.1965
Date of Appointment :	01.04.2009
PAN No.:	ALQPS6513F
E-Mail :	praveen@kljindia.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2014

SHAREHOLDING DETAIL FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2014

Category	Percentage
Bodies corporate	46.93
Directors or relatives of Directors	52.12
Other top fifty shareholders	0.43
Others	0.52
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading and Manufacturing of Chemicals.

Products :

Item Code No. (ITC Code)	27122010
Product Description	WAX, OTHER MNRL WAXES OBTAINED BY SYNTHESIS, W/N CLRD

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

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 :

Information declined by the management

Bankers :

· Punjab National Bank, Bo : Large Corporate Branch, Tolstoy House, Tolstoy Marg, New Delhi - 110001, Delhi, India

· State Bank of India(Lead Bank), Commercial Branch, N-3, South Extension Part-I, New Delhi - 110049, Delhi, India

· State Bank of India (Mid Corporate Loan Administrative Unit), 2nd Floor, Chandni Chowk, Delhi - 110006, Delhi, India

· State Bank of India, Commercial Branch, A-5 South Extension Part-I, New Delhi - 110048, Delhi, India

· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

Facilities :

--

Banking Relations :	--
Auditors :
Name :	R. Pugalia and Company Chartered Accountants
Address :	2^nd Floor, 20E, Lake Road, Kolkata – 700 029, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AFUPP1211P
Memberships :	--
Collaborators :	--
Associates (AS ON 31.03.2013):	K L J Polymers and Chemicals Limited, India [U24119DL1989PLC036883] KLJ Plasticizers Limited, India [U25200DL2008PLC181088] KLJ Organic Limited, India [U74899DL1995PLC068170] KLJ Organic (Thailand) Limited, Thailand KLJ Developers Private Limited, India [U45201DL2006PTC145296] Prithvi Sound Products Company Private Limited, India [U74899DL1953PTC002338] Delhi Buildwell Private Limited, India [U74899DL1995PTC072219] Kundalia Industries HH Buildtech Private Limited, India [U45200DL2008PTC173709] Kinetic Impex Limited, India [L51909WB1985PLC039455] Pragya Enterprises Private Limited, India [U51495DL1997PTC088314]

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7160000	Equity Shares	Rs.10/- each	Rs.71.600 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	71.600	71.600	250.000
(b) Reserves & Surplus	1383.731	1156.204	586.436
(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)	1455.331	1227.804	836.436
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	96.694	88.248	88.554
(d) long-term provisions	4.932	5.763	1.505
Total Non-current Liabilities (3)	101.626	94.011	90.059
(4) Current Liabilities
(a) Short term borrowings	748.289	443.576	483.050
(b) Trade payables	5168.086	3976.246	2107.489
(c) Other current liabilities	119.450	57.135	27.464
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	6035.825	4476.957	2618.003
TOTAL	7592.782	5798.772	3544.498
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	101.071	50.510	43.130
(ii) Intangible Assets	0.122	0.203	0.036
(iii) Capital work-in-progress	0.000	15.287	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	15.153	15.153	8.753
(c) Deferred tax assets (net)	3.549	4.772	3.355
(d) Long-term Loan and Advances	15.382	14.123	13.204
(e) Other Non-current assets	92.797	79.041	46.765
Total Non-Current Assets	228.074	179.089	115.243
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4173.526	3158.267	2022.115
(c) Trade receivables	2574.930	1959.646	851.214
(d) Cash and cash equivalents	391.409	326.145	319.954
(e) Short-term loans and advances	210.189	164.781	233.220
(f) Other current assets	14.654	10.844	2.752
Total Current Assets	7364.708	5619.683	3429.255
TOTAL	7592.782	5798.772	3544.498

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	16702.745	11062.190	5542.058
	Other Income	52.640	41.885	25.627
	TOTAL (A)	16755.385	11104.075	5567.685
Less	EXPENSES
	Cost of Materials Consumed	801.448	22.887	0.000
	Purchases of Stock-in-Trade	15942.232	11565.470	5589.298
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(905.033)	(1119.156)	(638.424)
	Employees benefits expense	63.450	52.573	34.615
	Other expenses	349.233	259.766	138.838
	TOTAL (B)	16251.330	10781.540	5124.327
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	504.055	322.535	443.358
Less	FINANCIAL EXPENSES (D)	158.204	96.054	36.688
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	345.851	226.481	406.670
Less/ Add	DEPRECIATION/ AMORTISATION (F)	8.101	4.687	4.575
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	337.750	221.794	402.095
Less	TAX (H)	110.222	69.787	134.425
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	227.528	152.007	267.670
	EARNINGS IN FOREIGN CURRENCY
	Export of Goods calculated on F.O.B. basis	NA	659.712	69.597
	Insurance Claim	NA	5.540	0.339
	TOTAL EARNINGS	NA	665.252	69.936
	IMPORTS
	Materials (Chemicals)	NA	9168.760	4460.246
	TOTAL IMPORTS	NA	9168.760	4460.246
	Earnings / (Loss) Per Share (Rs.)	31.78	25.23	53.53

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	1.36	1.37	4.83
Operating Profit Margin (PBIDT/Sales)	(%)	3.02	2.92	8.00
Return on Total Assets (PBT/Total Assets}	(%)	4.46	3.85	11.38
Return on Investment (ROI) (PBT/Networth)		0.23	0.18	0.48
Debt Equity Ratio (Total Debt /Networth)		0.51	0.36	0.58
Current Ratio (Current Asset/Current Liability)		1.22	1.26	1.31

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	250.000	71.600	71.600
Reserves & Surplus	586.436	1156.204	1383.731
Net worth	836.436	1227.804	1455.331
long-term borrowings	0.000	0.000	0.000
Short term borrowings	483.050	443.576	748.289
Total borrowings	483.050	443.576	748.289
Debt/Equity ratio	0.578	0.361	0.514

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5542.058	11062.190	16702.745
		99.604	50.989

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5542.058	11062.190	16702.745
Profit	267.670	152.007	227.528
	4.83%	1.37%	1.36%

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
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	Yes
34]	External Agency Rating, if available	No

FINANCIAL PERFORMANCE (AS ON 31.03.2013)

The total revenue of the Company for Fiscal year 2013 stood Rs. 16755.400 Million as against Rs. 11104.000 Million for Fiscal year 2012, showing an increase of 50.89%.

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
Short-term borrowings
Loans and advances from others	130.202	115.160
Working capital loans from banks	571.656	323.674
Other loans and advances, others	46.431	4.742
Total	748.289	443.576

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10391785	02/11/2012 *	6,200,000,000.00	STATE BANK OF INDIA(LEAD BANK)	COMMERCIAL BRANCH, N-3, SOUTH EXTENSION PART-I, N EW DELHI, DELHI - 110049, INDIA	B64749492

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2013	31.03.2012
Net Outstanding LC?s with Bank	528.165	933.254
Bank Guarantees	10.276	1.576

FIXED ASSETS

Tangible assets

• Land
• Plant and equipment
• Furniture and fixtures
• Office equipment
• Computer equipments
• Other equipments

Intangible assets

• Computer software

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.63.33
UK Pound	1	Rs.96.53
Euro	1	Rs.68.93

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUB
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
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.