MIRA INFORM REPORT

Report No. :	334739
Report Date :	04.08.2015

IDENTIFICATION DETAILS

Name :	JAY POLYCHEM INDIA LIMITED (w.e.f. 17.10.1913)
Formerly Known As :	JAY POLYCHEM (INDIA) PRIVATE LIMITED
Registered Office :	B-115, Ground Floor, Okhla Industrial Area, Phase-I, New Delhi-110020
Mob. No.:	91-9810111000 (Mr. Paranjit)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.07.1991
Com. Reg. No.:	55-044884
Capital Investment / Paid-up Capital :	Rs. 959.068 Million
CIN No.: [Company Identification No.]	U72300DL1991PLC044884
IEC No.:	0594037603
TAN No.: [Tax Deduction & Collection Account No.]	DELJ10677C
PAN No.: [Permanent Account No.]	AAACJ0657M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader, Exporter and Importer of Petro Chemicals, Agro Chemical, Pharmaceutical and Petrolium Products.
No. of Employees :	175 (Approximately)

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 13049000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track. Rating takes into consideration sound financial risk profile of the company marked by decent net worth base and fair profit margin reported in FY14. Further company has reported significant increase in its sales turnover in the year under consideration. Overall financial condition of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings with usual trade terms and condition.

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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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

NOT AVAILABLE

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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Paranjit
Designation :	General Sales Manager
Contact No.:	91-9810111000
Date :	01.08.2015

LOCATIONS

Registered Office :	B-115, Ground Floor, Okhla Industrial Area, Phase-I, New Delhi-110020, India
Tel. No.:	Not Available
Mobile No.:	91-9810111000 (Mr. Paranjit)
Fax No.:	Not Available
E-Mail :	cs@jaypolychem.com
Website :	www.jaypolychem.com
Administrative Office :	34, Babar Lane, Bengali Market, Connaught Place, New Delhi – 110001, India
Tel. No.:	91-11-2335 6131-38 / 2335 6133 / 55
Fax No.:	91-11-2335 4853
Warehouse :	A-3/2, Mayapuri Industrial Area, Phase I, New Delhi-110064, India
Tel. No.:	91-11-2513 8601/2513 1869/2513 1345
Fax No.:	91-11-2549 3309
Corporate Office :	D-143, Defence Colony, New Delhi-110024, India
Tel. No.:	91-11-42791000
Fax No.:	91-11-41554300
E-Mail :	sales@jaypolychem.com

NOTE:

As claimed by Mr. Paranjit (General Sales Manager) that subject has 9 Branch Offices and 13 Warehouses in India.

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Satinder Pal Singh

Designation :

Managing Director

Address :

D - 97, Defence Colony, New Delhi-110024, Delhi, India

Date of Birth/Age :

26.08.1966

Qualification :

Graduate

Experience :

26 Years

Date of Appointment :

03.09.2012

PAN No.:

AAAPS4461K

DIN No.:

00051036

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	U24111DL1999PTC102727	JASPARK SPECIALITY CHEMICALS PRIVATE LIMITED	Director	08-12-1999	08-12-1999	-	Active	NO
2	U32204DL2004PTC125747	JAY TEL MOBILE PRIVATE LIMITED	Director	12-04-2004	12-04-2004	01-07-2014	Active	NO
3	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Managing director	03-09-2012	01-05-2006	-	Active	NO
4	U74899DL1995PLC071853	GANAPATI SUGAR LIMITED	Director	15-09-2006	15-09-2006	01-01-2015	Active	NO
5	U74899DL1995PLC067006	GANAPATI BREWERIES LIMITED	Director	15-09-2006	15-09-2006	01-01-2015	Active	NO
6	U45200DL2006PTC156379	AN PLATINUM LAND PRIVATE LIMITED	Director	08-12-2006	08-12-2006	-	Active	NO
7	U45200DL2007PTC161066	JAY PLATINUM LAND PRIVATE LIMITED.	Director	23-03-2007	23-03-2007	-	Active	NO
8	U24293DL2007PTC166571	J.S. PETRO CHEMICALS PRIVATE LIMITED	Director	02-08-2007	02-08-2007	-	Active	NO
9	U72300DL2007PTC166578	J.S. INFOGEN PRIVATE LIMITED	Director	02-08-2007	02-08-2007	-	Active	NO
10	U72300DL2007PTC166579	PREMIUM INFORMATICS PRIVATE LIMITED	Director	02-08-2007	02-08-2007	-	Active	NO
11	U24100DL2007PTC166630	PAAVAN CHEMICALS PRIVATE LIMITED	Director	03-08-2007	03-08-2007	-	Active	NO
12	U72900DL2000PTC106396	SUNDARAM SOFTWARE PRIVATE LIMITED	Director	03-11-2009	31-10-2007	-	Active	NO
13	U40200DL2009PTC194705	JAY MADHOK ENERGY PRIVATE LIMITED	Director	25-09-2009	25-09-2009	-	Active	NO
14	U40106DL2010PTC200037	JAY NATURAL RESOURCES INDIA PRIVATE LIMITED	Director	12-03-2010	12-03-2010	-	Active	NO
15	U40101DL2010PTC200218	JAY POWER INFRASTRUCTURES PRIVATE LIMITED	Director	16-03-2010	16-03-2010	-	Active	NO
16	U40101DL2010PLC202295	ISHAR POWER INFRASTRUCTURE LIMITED	Director	05-05-2010	05-05-2010	-	Active	NO
17	U55100DL2010PTC203474	JAY HOSPITALITIES PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO
18	U45204DL2010PLC205297	JAY MADHOK PROJECTS LIMITED	Director	06-07-2010	06-07-2010	-	Active	NO
19	U25190DL2010PTC205835	JAY POLYCOMPOUNDS PRIVATE LIMITED	Director	13-07-2010	13-07-2010	-	Active	NO
20	U11100DL2011PTC215334	ISHAR GASOIL PRIVATE LIMITED	Director	07-03-2011	07-03-2011	-	Active	NO
21	U70109DL2011PTC218812	JAY MADHOK HOLDINGS PRIVATE LIMITED	Director	09-05-2011	09-05-2011	-	Active	NO
22	U40106DL2011PTC219080	ISHAR WIND ENERGY PRIVATE LIMITED	Director	12-05-2011	12-05-2011	-	Active	NO
23	U55101DL2012PTC233328	HARNANDISHAR HOTELS PRIVATE LIMITED	Director	26-03-2012	26-03-2012	-	Active	NO
24	U40102DL2010PTC202182	JAY NATURAL ENERGY PRIVATE LIMITED	Director	16-07-2012	16-07-2012	-	Active	NO
25	U40106DL2013PTC262167	ISHAR GAS JALANDHAR PRIVATE LIMITED	Director	13-12-2013	13-12-2013	-	Active	NO
26	U11100DL2014PTC264250	NANDISHAR OIL AND GAS PRIVATE LIMITED	Director	31-01-2014	31-01-2014	-	Active	NO
27	U11100DL2014PTC266571	HARNANDISH OIL AND GAS PRIVATE LIMITED	Director	19-03-2014	19-03-2014	-	Active	NO

Name :

Mr. Sandeep Singh Madhok

Designation :

Whole-Time Director

Address :

D - 97, Defence Colony, New Delhi-110024, Delhi, India

Date of Birth/Age :

11.09.1971

Qualification :

Graduate

Experience :

20 Years

Date of Appointment :

01.10.2011

PAN No.:

AAAPS4457P

DIN No.:

00191513

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	U24111DL1999PTC102727	JASPARK SPECIALITY CHEMICALS PRIVATE LIMITED	Director	08-12-1999	08-12-1999	-	Active	NO
2	U32204DL2004PTC125747	JAY TEL MOBILE PRIVATE LIMITED	Director	12-04-2004	12-04-2004	01-07-2014	Active	NO
3	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Whole-time director	01-10-2011	01-05-2006	-	Active	NO
4	U51909DL1997PTC089926	BAWEJA EXPORTS PRIVATE LIMITED	Director	15-09-2006	15-09-2006	01-01-2015	Active	NO
5	U45200DL2006PTC156379	AN PLATINUM LAND PRIVATE LIMITED	Director	08-12-2006	08-12-2006	-	Active	NO
6	U45200DL2007PTC161066	JAY PLATINUM LAND PRIVATE LIMITED.	Director	23-03-2007	23-03-2007	-	Active	NO
7	U72300DL2007PTC166579	PREMIUM INFORMATICS PRIVATE LIMITED	Director	02-08-2007	02-08-2007	-	Active	NO
8	U24100DL2007PTC166630	PAAVAN CHEMICALS PRIVATE LIMITED	Director	03-08-2007	03-08-2007	-	Active	NO
9	U72900DL2000PTC106396	SUNDARAM SOFTWARE PRIVATE LIMITED	Director	03-11-2009	22-11-2007	-	Active	NO
10	U40200DL2009PTC194705	JAY MADHOK ENERGY PRIVATE LIMITED	Director	25-09-2009	25-09-2009	-	Active	NO
11	U40101DL2010PTC200218	JAY POWER INFRASTRUCTURES PRIVATE LIMITED	Director	16-03-2010	16-03-2010	-	Active	NO
12	U40102DL2010PTC202182	JAY NATURAL ENERGY PRIVATE LIMITED	Director	30-04-2010	30-04-2010	-	Active	NO
13	U40101DL2010PLC202295	ISHAR POWER INFRASTRUCTURE LIMITED	Director	05-05-2010	05-05-2010	-	Active	NO
14	U45204DL2010PLC205297	JAY MADHOK PROJECTS LIMITED	Director	06-07-2010	06-07-2010	-	Active	NO
15	U25190DL2010PTC205835	JAY POLYCOMPOUNDS PRIVATE LIMITED	Director	13-07-2010	13-07-2010	-	Active	NO
16	U11100DL2011PTC215334	ISHAR GASOIL PRIVATE LIMITED	Director	07-03-2011	07-03-2011	-	Active	NO
17	U40106DL2011PTC219080	ISHAR WIND ENERGY PRIVATE LIMITED	Director	12-05-2011	12-05-2011	-	Active	NO
18	U70109DL2011PTC218812	JAY MADHOK HOLDINGS PRIVATE LIMITED	Director	21-12-2011	21-12-2011	-	Active	NO
19	U55100DL2010PTC203474	JAY HOSPITALITIES PRIVATE LIMITED	Director	21-12-2011	21-12-2011	-	Active	NO
20	U55101DL2012PTC232981	HARNANDISH HOTELS PRIVATE LIMITED	Director	26-03-2012	26-03-2012	-	Active	NO
21	U40106DL2010PTC200037	JAY NATURAL RESOURCES INDIA PRIVATE LIMITED	Director	16-07-2012	16-07-2012	-	Active	NO
22	U24293DL2007PTC166571	J.S. PETRO CHEMICALS PRIVATE LIMITED	Director	16-07-2012	16-07-2012	-	Active	NO
23	U72300DL2007PTC166578	J.S. INFOGEN PRIVATE LIMITED	Director	16-07-2012	16-07-2012	-	Active	NO
24	U74899DL1995PLC067006	GANAPATI BREWERIES LIMITED	Director	29-09-2012	16-07-2012	01-01-2015	Active	NO
25	U74899DL1995PLC071853	GANAPATI SUGAR LIMITED	Director	29-09-2012	16-07-2012	01-01-2015	Active	NO
26	U40106DL2013PTC262167	ISHAR GAS JALANDHAR PRIVATE LIMITED	Director	13-12-2013	13-12-2013	-	Active	NO
27	U11100DL2014PTC264250	NANDISHAR OIL AND GAS PRIVATE LIMITED	Director	31-01-2014	31-01-2014	-	Active	NO
28	U11100DL2014PTC266571	HARNANDISH OIL AND GAS PRIVATE LIMITED	Director	19-03-2014	19-03-2014	-	Active	NO

Name :

Mr. Inderpal Singh Sandhu

Designation :

Director

Address :

213, B Block, Raj Guru Nagar, Ludhiana- 141001, Punjab, India

Date of Birth/Age :

01.01.1951

Date of Appointment :

28.09.2013

DIN No.:

01062353

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	U45202PB2006PLC029762	HUMBLE MONARCH OILS & METALS LIMITED	Director	22-02-2006	22-02-2006	01-08-2012	Active	NO
2	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Director	28-09-2013	05-09-2013	-	Active	NO
3	U74899DL1995PLC067006	GANAPATI BREWERIES LIMITED	Director	17-09-2013	17-09-2013	-	Active	NO
4	U74899DL1995PLC071853	GANAPATI SUGAR LIMITED	Director	17-09-2013	17-09-2013	-	Active	NO
5	U51909DL1997PTC089926	BAWEJA EXPORTS PRIVATE LIMITED	Director	17-09-2013	17-09-2013	01-01-2015	Active	NO

Name :

Ms. Mamta

Designation :

Additional Director

Address :

B-446, Block B, DDA Flats, Bindapur, Delhi-110059, Delhi, India

Date of Appointment :

19.03.2015

DIN No.:

05272229

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	U65910DL1996PTC082970	NANDAL FINANCE AND LEASINGPRIVATE LIMITED	Director	07-04-2012	07-04-2012	-	Active	NO
2	U67120DL1996PTC079809	LOVELY SECURITIES PRIVATE LIMITED	Director	07-04-2012	07-04-2012	13-02-2015	Active	NO
3	U74899DL1995PLC073918	AVAIL FINANCIAL SERVICES Limited	Director	07-04-2012	07-04-2012	13-02-2015	Active	NO
4	L85110HR1985PLC022029	SNS LABORATORIES LIMITED	Director	29-09-2012	14-06-2012	-	Active	NO
5	U16005DL2007PTC169761	PREMIER FURNITURE AND INTERIORS PRIVATE LIMITED	Director	30-09-2013	02-01-2013	-	Active	NO
6	L74899DL1983PLC016371	SNS DIAGNOSTICS LIMITED	Director	10-06-2013	15-03-2013	-	Active	NO
7	U74120DL2007PTC158326	CAREWELL EXIM PRIVATE LIMITED	Director	15-01-2014	15-01-2014	28-05-2014	Active	NO
8	U74899DL1996PTC076173	WONDER TRADING PRIVATE LIMITED	Director	19-09-2014	15-01-2014	10-12-2014	Active	NO
9	L65993DL1980PLC010757	HILLRIDGE INVESTMENTS LIMITED	Director	22-09-2014	15-01-2014	30-03-2015	Active	NO
10	U72300DL1991PLC044884	JAY POLYCHEM INDIA LIMITED	Additional director	19-03-2015	19-03-2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dheeraj
Designation :	Secretary
Address :	T-1200, Mangol Puri, New Delhi-110083, Delhi, India
Date of Birth/Age :	15.03.1985
Date of Appointment :	05.05.2011
PAN No.:	BBVPD7019K
Name :	Mr. Paranjit
Designation :	General Sales Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Satinder Singh Madhok	223790
Sandeep Singh Madhok	203460
Satinder Singh Madhok (HUF)	2900
Ganapati Sugar Limited, India	115750
Ganapati Breweries Limited, India	179750
Baweja Exports Private lImited, India	279000
Jay Tel Mobile Private Limited, India	493920
Jaspark Specility Chemicals Private Limited, India	522800
Sundaram Software Private Limited, India	487260
AN Platinum Land Private Limited, India	359000
Jay Platinum Land Private Limited, India	385300
Jay Power Infrastructures Private Limited, India	397000
Jay Natural Resources India Private Limited, India	410000
Jay Madhok Holdings Private Limited, India	4255750
Jay Natural Energy Private Limited, India	245000
J. S. Infogen Private Limited, India	255000
J. S. Petrochemicals Private Limited, India	250000
Premium Informatics Private Limited, India	280000
Paavan Chemicals Private Limited, India	245000
Total	9590680

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	95.55
Directors or relatives of directors	4.45
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Petro Chemicals, Agro Chemical, Pharmaceutical and Petrolium Products.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Finished Goods
Countries :	· Singapore · European Countries · South East Asia · Middle East
Imports :
Products :	Finished Goods
Countries :	· China · Hong Kong
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Wholesalers and Retailers

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

175 (Approximately)

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· State Bank of India-Lead Bank

Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, Delhi, India

· Union Bank of India

F-14/15, Connaught Place, New Delhi - 110001, Delhi, India

· Bank of India (Lead Bank)

New Delhi Overseas Branch, Vijaya Building, 17-Barakhamba Road, New Delhi - 110001, Delhi, India

· Federal Bank Limited

Overseas Branch, E-13-29, Connaught Circle, New Delhi-110001, India

· Allahabad Bank

· Corporation Bank

Industrial Finance Branch, 10th, Floor, Hindustan Times House, 18/20, Kasturba Gandhi Marg, New Delhi - 110001, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Term loans from banks	35.213	51.282
SHORT TERM BORROWINGS
Rupee term loans from banks	4844.730	4128.128
Total	4879.943	4179.410

Banking Relations :	--
Financial Institution :	· Indiabulls Housing Finance Limited F-60 Malhotra Building, 2nd Floor Connaught Place, New Delhi - 110001, Delhi, India
Auditors :
Name :	Raj Aryan and Associates Chartered Accountants
Address :	Wz-578, New No. F-11Rishi Nagar, Shakur Basti, New Delhi, Delhi, India
Income-tax PAN of auditor or auditor's firm :	ABEPA6726E
Memberships :	--
Collaborators :	--
Associates :	Ishar Gasoil Private Limited, India (U11100DL2011PTC215334)
Related Party :	Jay Madhok Holdings

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs. 100/- each	Rs. 1000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9590680	Equity Shares	Rs. 100/- each	Rs. 959.068 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
9590680	Equity Shares	Rs. 100/- each	Rs. 959.068 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9590680	Equity Shares	Rs. 100/- each	Rs. 959.068 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	959.068	959.068	743.138
(b) Reserves & Surplus	3608.103	3236.817	2099.492
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	949.650
Total Shareholders’ Funds (1) + (2)	4567.171	4195.885	3792.280
(3) Non-Current Liabilities
(a) Long-term borrowings	3503.122	2964.878	2390.946
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	4.815	2.298	1.828
Total Non-current Liabilities (3)	3507.937	2967.176	2392.774
(4) Current Liabilities
(a) Short term borrowings	4844.730	4128.128	3631.788
(b) Trade payables	5593.835	4803.505	3861.929
(c) Other current liabilities	204.329	68.444	58.574
(d) Short-term provisions	115.196	126.380	63.178
Total Current Liabilities (4)	10758.090	9126.457	7615.469
TOTAL	18833.198	16289.518	13800.523
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	237.336	265.866	304.145
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	3940.322	3401.993	2867.316
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	92.279	58.779	55.579
(c) Deferred tax assets (net)	16.452	14.692	11.124
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4286.389	3741.330	3238.164
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3642.645	3146.150	2943.411
(c) Trade receivables	8811.962	7453.894	6074.203
(d) Cash and cash equivalents	1195.861	1119.604	727.838
(e) Short-term loans and advances	896.341	828.540	816.907
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	14546.809	12548.188	10562.359
TOTAL	18833.198	16289.518	13800.523

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	28571.343	25060.692	23260.838
		Other Income	7.925	2.527	2.790
		TOTAL (A)	28579.268	25063.219	23263.628
Less	EXPENSES
		Purchases of Stock-in-Trade	27466.757	23797.978	22373.202
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(496.495)	(202.740)	(468.900)
		Employees benefits expense	44.831	51.892	72.588
		Other expenses	416.497	378.796	309.315
		TOTAL (B)	27431.590	24025.926	22286.205
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1147.678	1037.293	977.423
Less	FINANCIAL EXPENSES (D)		657.134	594.334	563.759
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		490.544	442.959	413.664
Less/ Add	DEPRECIATION/ AMORTISATION (F)		29.470	37.768	47.647
	PROFIT BEFORE TAX (E-F) (G)		461.074	405.191	366.017
Less	TAX (H)		89.788	131.586	119.128
	PROFIT AFTER TAX (G-H) (I)		371.286	273.605	246.889
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	3186.747	3124.236
	TOTAL EARNINGS		NA	3186.747	3124.236
	Earnings Per Share (Rs.)		38.71	28.53	33.22

PARTICULARS	31.03.2016 (Expected)	31.03.2015 (Expected)
Sales Turnover (Approximately)	30000.000	35000.000

The above information has been parted by Mr. Paranjit (G. M. Sales)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from (used in) Operations	149.769	391.107	(50.889)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.30	1.09	1.06
Operating Profit Margin (PBDIT/Sales)	(%)	4.02	4.14	4.20
Return on Total Assets (PBT/Total Assets}	(%)	3.12	3.16	3.37
Return on Investment (ROI) (PBT/Networth)		0.10	0.10	0.10
Debt Equity Ratio (Total Liability/Networth)		1.83	1.69	1.59
Current Ratio (Current Asset/Current Liability)		1.35	1.37	1.39

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

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	743.138	959.068	959.068
Reserves & Surplus	2099.492	3236.817	3608.103
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	949.650	0.000	0.000
Net worth	3792.280	4195.885	4567.171
Long-term borrowings	2390.946	2964.878	3503.122
Short term borrowings	3631.788	4128.128	4844.730
Total borrowings	6022.734	7093.006	8347.852
Debt/Equity ratio	1.588	1.690	1.828

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	23260.838	25060.692	28571.343
		7.738	14.009

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	23260.838	25060.692	28571.343
Profit	246.889	273.605	371.286
	1.06%	1.09%	1.30%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATIONS DETAILS

HIGH COURT OF DELHI

$~36

* IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 449/2015

UNITED BANK OF INDIA ..... Petitioner

Through Mr. Krishnayan Sen, Advocate.

versus

JAY POLYCHEM (INDIA) LTD. ..... Respondent

Through

CORAM:

HON'BLE MR. JUSTICE SUDERSHAN KUMAR MISRA

O R D E R

% 15.07.2015

Co.Appln. No.1868/2015

Exemption, as prayed for, is allowed, subject to all just exceptions.

This application is disposed off.

Co.Pet. No.449/2015 & Co.Appln. Nos.1867-1868/2015

Adjourned at the request of counsel for the petitioner, who seeks to file an additional affidavit setting down further material facts in support of the petition. He is permitted to do so. Let additional affidavit be filed within one week from today.

List on 10.08.2015

SUDERSHAN KUMAR MISRA, J

JULY 15, 2015

dr

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10568874	31/03/2015	367,500,000.00	CORPORATION BANK	CORPORATE BANKING BRANCH, 10TH FLOOR, HINDUSTAN T IMES HOUSE,18/20 K.G. MARG, NEW DELHI, DELHI - 110 001, INDIA	C53380283
2	10553174	31/12/2014	19,000,000.00	THE FEDERAL BANK LIMITED	CORPORATE BANKING BRANCH,, E13/29, HARSHA BHAVAN, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	C45667920
3	10553171	31/12/2014	150,000,000.00	THE FEDERAL BANK LIMITED	CORPORATE BANKING BRANCH,, E13/29, HARSHA BHAVAN, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	C45666310
4	10550052	31/12/2014	1,960,000,000.00	BANK OF INDIA	NEW DELHI LARGE CORPORATE BRANCH, 10TH FLOOR,CHAN DERLOK BUILDING, 36,JANPATH, NEW DELHI, DELHI - 11 0001, INDIA	C43231208
5	10578787	27/12/2014	130,600,000.00	ALLAHABAD BANK	17, 3RD FLOOR, ALLAHABAD BANK BUILDING,, PARLIAME NT STREET, NEW DELHI, DELHI - 110001, INDIA	C57862534
6	10578876	27/12/2014	141,500,000.00	ALLAHABAD BANK	17, 3RD FLOOR, ALLAHABAD BANK BUILDING,, PARLIAME NT STREET, NEW DELHI, DELHI - 110001, INDIA	C57863102
7	10495549	31/03/2014	1,960,000,000.00	BANK OF INDIA	NEW DELHI LARGE CORPORATE BRANCH,, CHANDERLOK BUI LDING, 36 JANPATH, NEW DELHI, DELHI - 110001, INDIA	C03840030
8	10487897	20/03/2014	50,000,000.00	UNION BANK OF INDIA	UNION BANK OF INDIA, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA	C02230118
9	10464430	14/11/2013	500,000,000.00	SYNDICATE BANK	VASANT VIHAR BRANCH, C-18, PASCHIMI MARG, VASANT VIHAR, NEW DELHI, DELHI - 110057, INDIA	B91227116
10	10455318	07/10/2013	60,000,000.00	CANARA BANK	74, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B87639761

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from related parties	3467.909	2913.596
Total	3467.909	2913.596

PERFORMANCE REVIEW:

During the financial year, the Company achieved a total turnover of Rs. 28571.300 Million compared to last year’s turnover of Rs. 25060.600 Million. The profit before tax is Rs. 461.000 Million and profit after tax is Rs. 371.200 Million. The overall growth and performance of the Company in terms of business and profit shows significant improvement in comparison to the last financial year and the Company is expecting for better results in coming years also.

OPERATIONS AND FUTURE PLANS:

Business Operation of Polymer and Industrial Chemicals:-

The Company is in the business of trading in Polymers, Industrial Chemicals, Petrochemicals, Agro Products and Exploration of Oil and Gas. The Management is constantly exploring possibilities for new products as well as new markets for the Indian End use Sectors like Automotive, Health and Medical, Pharmaceuticals, Paints, footwear, Lighting etc.

Business Operation of Oil and Gas Activities:-

The Company was awarded an Oil and Gas BlockCB-ONN-2009/08 in NELP VIII round of bidding by Ministry of Petroleum and Natural Gas in cambay basin of Gujarat area, which is a proven basin for Oil and Gas reserves. The Company has drilled two exploratory wells in the block in last year and by considering various testing programme results, the Company is expecting huge oil prospective from the block.

FIXED ASSETS:

Tangible Assets

· Buildings

· Furniture and Fixtures

· Vehicles

· Office Equipment

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 records 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. 63.96
UK Pound	1	Rs. 99.93
Euro	1	Rs. 70.16

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KIN
Report Prepared by :	IND

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		48

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.