MIRA INFORM REPORT

Report No. :	326858
Report Date :	11.06.2015

IDENTIFICATION DETAILS

Name :	INDIA GLYCOLS LIMITED
Registered Office :	A-1, Industrial Area, Bazpur Road, Kashipur, Udham Singh Nagar – 244713, Uttarakhand
Tel. No.:	91-5947-275313
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	19.11.1983
Com. Reg. No.:	009097
Capital Investment / Paid-up Capital :	Rs. 309.615 Million
CIN No.: [Company Identification No.]	L24111UR1983PLC009097
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELI04270A
PAN No.: [Permanent Account No.]	AAACI7246P
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer of Glycols, Ethylene Oxide Derivatives, Ethyl Alcohol (Potable), Natural Gum and Derivatives, Nutraceuticals and Herbal Extracts and Industrial Gases.
No. of Employees :	160 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 13000
Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The company has continuously incurred losses from its two years of operational activities However, net worth of the company is satisfactory. General financial position of the company is normal and acceptable for business dealings Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but 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, 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

Rating Agency Name	India Rating
Rating	Long - Term Issuer Rating : IND (BBB+)
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	14 May 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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Gurav
Designation :	Finance Department
Contact No.:	91-120-3090100
Date :	26.05.2015

LOCATIONS

Registered Office/ Factory 1:	A-1, Industrial Area, Bazpur Road, Kashipur, Udham Singh Nagar – 244713, Uttarakhand, India
Tel. No.:	91-5947-275313/ 275317-275320/ 269000/ 269500
Mobile No.:	91-120-309100 (Mr. Gurav)
Fax No.:	91-5947-275315
E-Mail :	iglho@vsnl.com ssingh@indiaglycols.net hs.bisht@indiaglycol.com mktgchem@indiaglycols.com industrialgases@indiaglycols.com ennature@indiaglycols.com naturalgums@indiaglycols.com spirits@indiaglycols.com purchase@indiaglycols.com projects@indiaglycols.com finance@indiaglycols.com careers@indiaglycols.com legal@indiaglycols.com admin@indiaglycols.com
Website :	http://www.indiaglycols.net http://www.indiaglycols.com
Location:	Owned
Locality:	Commercial
Head Office :	Plot No.2B, Sector-126, Noida, Gutam Budh Nagar – 201 304, Uttar Pradesh, India
Tel. No.:	91-120-3090100/ 3090200
Fax No.:	91-120-3090111
Corporate Office :	3A, Shakespeare Sarani, Kolkata – 700 071, West Bengal, India
Factory 2:	E-1, Sector 15, GIDA, Gorakhpur – 273 209, Uttar Pradesh, India
Tel. No.:	91-551-2580352

DIRECTORS

AS ON 31.03.2014

Name :

Mr. U.S. Bhartia

Designation :

Chairman and Managing Director

Address :

17, Friends Colony, West, New Delhi, 110065, Delhi, India

Date of Appointment :

01.10.2014

DIN No.:

00063091

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	U33300MH1937PTC002640	LUND AND BLOCKLEY PRIVATE LIMITED	Director	01-09-1975	01-09-1975	-	Active	NO
2	L27106WB1959PLC024177	HINDUSTAN WIRES LIMITED	Director	28-09-1981	28-09-1981	-	Active	NO
3	U65993WB1989PTC047330	SEAROCK CREDIT PRIVATE LIMITED	Director	01-08-1989	01-08-1989	27-03-2014	Active	NO
4	L17299GJ1993PLC032905	POLYLINK POLYMERS (INDIA) LIMITED	Director	08-01-1993	08-01-1993	-	Active	NO
5	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Managing director	30-04-2008	29-11-1996	-	Active	NO
6	U67120UR1996PLC020938	KASHIPUR HOLDINGS LIMITED	Director	30-12-1996	30-12-1996	-	Active	NO
7	U65922UR1997PLC022992	IGL FINANCE LIMITED	Director	22-12-1997	22-12-1997	-	Active	NO
8	U51909WB1980PTC033099	J B COMMERCIAL CO PRIVATE LIMITED	Director	20-02-2003	20-02-2003	-	Active	NO
9	U51909WB1995PTC071770	FACIT COMMOSALES PRIVATE LIMITED	Director	22-08-2005	22-08-2005	-	Active	NO
10	U15429UP1994PLC016271	SHAKUMBARI SUGAR AND ALLIED INDUSTRIES LIMITED	Director	15-12-2007	15-12-2007	05-12-2013	Active	NO
11	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	20-12-2007	20-12-2007	-	Active	NO
12	U36911WB1922PTC004431	J BOSECK AND CO PRIVATE LIMITED	Director	12-03-2008	12-03-2008	-	Active	NO
13	U51909WB1980PTC033027	AJAY COMMERCIAL CO PRIVATE LIMITED	Director	12-03-2008	12-03-2008	-	Active	NO
14	U67120WB1957PTC023508	GENERAL ENTERPRISES PRIVATE LIMITED	Director	12-03-2008	12-03-2008	27-03-2014	Active	NO
15	U51109WB1995PTC068498	SUPREET VYAPAAR PRIVATE LIMITED	Director	17-03-2008	17-03-2008	-	Active	NO
16	U51909WB1996PTC080344	MAYUR BARTER PRIVATE LIMITED	Director	17-03-2008	17-03-2008	-	Active	NO
17	U60200DL2011PTC227307	KASHIPUR INFRASTRUCTURE AND FREIGHT TERMINAL PRIVATE LIMITED	Director	11-11-2011	11-11-2011	12-03-2015	Active	NO
18	U70102UP2014PTC066539	IGL INFRASTRUCTURE PRIVATE LIMITED	Director	13-10-2014	13-10-2014	-	Active	NO
19	U74900DL2015PTC279134	JB TRUSTEE PRIVATE LIMITED	Director	16-04-2015	16-04-2015	-	Active	NO
20	U74900DL2015PTC279831	PB TRUSTEE PRIVATE LIMITED	Director	07-05-2015	07-05-2015	-	Active	NO
21	U74140DL2015PTC279863	USB TRUSTEE PRIVATE LIMITED	Director	08-05-2015	08-05-2015	-	Active	NO
22	U74900DL2015PTC279864	PJ TRUSTEE PRIVATE LIMITED	Director	08-05-2015	08-05-2015	-	Active	NO
23	AAD-8167	POOJA JHAVER BENEFICIARY LLP	Designated Partner	23-04-2015	23-04-2015	-	Active	NO
24	AAD-8398	PRAGYA BHARTIA BARWALE BENEFICIARY LLP	Designated Partner	28-04-2015	28-04-2015	-	Active	NO
25	AAD-9339	JAYSHREE BHARTIA BENEFICIARY LLP	Designated Partner	13-05-2015	13-05-2015	-	Active	NO
26	AAD-9389	UMA SHANKAR BHARTIA BENEFICIARY LLP	Designated Partner	14-05-2015	14-05-2015	-	Active	NO

Name :

Ms. Jayshree Bartuia

Designation :

Director

Address :

17, Friends Colony, West, New Delhi, 110065, Delhi, India

Date of Appointment :

28.05.1999

Other Directorship:

Name :

Mr. Pradip Kumar Khaitan

Designation :

Director

Address :

B-103, Rai Enclave, 7/1a, Sunny Park, Kolkata, 700019, West Bengal, India

Date of Appointment :

01.10.2014

DIN No.:

00004821

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	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	15-01-1968	15-01-1968	-	Active	NO
2	L27310OR1955PLC000310	ELECTRO STEEL CASTINGS LTD	Director	28-08-2014	25-08-1972	-	Active	NO
3	L24131WB1948PLC095302	PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED	Director	12-03-1984	12-03-1984	29-05-2014	Active	NO
4	L34103WB1942PLC018967	HINDUSTAN MOTORS LIMITED	Director	21-12-1989	21-12-1989	29-05-2014	Active	NO
5	L31901WB1978PLC031411	CESC LIMITED	Director	01-10-2014	29-10-1992	-	Active	NO
6	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	30-05-1996	30-05-1996	07-02-2011	Active	NO
7	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	01-10-2014	29-11-1996	-	Active	NO
8	L51496WB1996PLC079932	SOUTH ASIAN PETROCHEM LIMITED	Director	05-09-1998	05-09-1998	30-06-2010	Amalgamated	NO
9	U70100WB1946GAP014545	WOODLANDS MEDICAL CENTRE LIMITED	Director	31-07-2001	31-07-2001	14-01-2011	Amalgamated	NO
10	L10101WB1974PLC094602	GRAPHITE INDIA LIMITED	Director	12-08-2014	08-06-2002	-	Active	NO
11	L74999AP1991PLC013391	SRIKALAHASTHI PIPES LIMITED	Director	08-04-2004	08-04-2004	29-01-2009	Active	NO
12	L40100GJ1995PLC025447	SUZLON ENERGY LIMITED	Director	25-08-2004	25-08-2004	28-04-2011	Active	NO
13	L51109OR1996PLC004601	VISA STEEL LIMITED	Director	06-10-2004	06-10-2004	29-05-2014	Active	NO
14	L51909WB1935PLC008194	GILLANDERS ARBUTHNOT & CO LIMITED	Director	26-04-2006	26-04-2006	29-05-2014	Active	NO
15	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24-09-2007	19-09-2007	23-04-2011	Active	NO
16	L22210MH1987PLC044505	TCPL PACKAGING LIMITED	Director	21-09-2010	27-05-2010	29-05-2014	Active	NO
17	L15492WB1916PLC002697	DHUNSERI PETROCHEM LIMITED	Director	14-08-2014	03-07-2010	-	Active	NO
18	U85110WB2009PLC140464	WOODLANDS MULTISPECIALITY HOSPITAL LIMITED	Director	25-08-2011	13-01-2011	-	Active	NO
19	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	30-08-2014	11-02-2011	-	Active	NO
20	L22213WB1946PLC014346	SAREGAMA INDIA LIMITED	Director	27-07-2012	27-12-2011	08-04-2014	Active	NO
21	L01132AS1977PLC001706	WARREN TEA LIMITED	Director	11-03-2013	16-02-2012	20-06-2013	Active	NO
22	L63993WB1983PLC036030	EMAMI LIMITED	Director	09-08-2014	24-06-2013	-	Active	NO
23	L64202MH2001PLC134147	FIRSTSOURCE SOLUTIONS LIMITED	Director appointed in casual vacancy	14-11-2014	14-11-2014	-	Active	NO

Name :

Mr. Jitender Balakrishnan

Designation :

Director

Address :

208, Tower - 2 Casa Grande, Senapati Bapat Marg, Lower Parel,, Mumbai, 400013, Maharashtra, India

Date of Appointment :

01.10.2014

DIN No.:

00028320

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	U65999DL2000PLC103177	IDBI HOMEFINANCE LIMITED	Nominee director	11-09-2003	11-09-2003	17-08-2007	Amalgamated	NO
2	L65190MH2004GOI148838	IDBI BANK LIMITED	Whole-time director	14-03-2006	14-03-2006	31-05-2009	Active	NO
3	U65990MH1993GOI075578	IDBI CAPITAL MARKET SERVICES LIMITED	Director	05-09-2008	13-09-2007	02-08-2010	Active	NO
4	U72200MH2000GOI124665	IDBI INTECH LIMITED	Director appointed in casual vacancy	28-09-2007	28-09-2007	25-06-2010	Active	NO
5	U66010MH2005PLC157108	BHARTI AXA LIFE INSURANCE COMPANY LIMITED	Director	25-06-2010	01-06-2010	-	Active	NO
6	U66030KA2007PLC043362	BHARTI AXA GENERAL INSURANCE COMPANY LIMITED	Director	02-07-2014	01-06-2010	-	Active	NO
7	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	31-07-2014	10-06-2010	-	Active	NO
8	U40101KA1986PLC007404	BHORUKA POWER CORPORATION LIMITED	Director	21-09-2010	22-06-2010	-	Active	NO
9	L25209UR1984PLC011596	POLYPLEX CORPORATION LIMITED	Director	25-09-2010	20-07-2010	-	Active	NO
10	U65990GJ1991PLC064603	ADITYA BIRLA FINANCE LIMITED	Director	23-09-2011	20-07-2010	-	Active	NO
11	L24117WB1962PLC025584	BINANI INDUSTRIES LIMITED	Director	27-06-2011	27-07-2010	28-09-2013	Active	NO
12	L27100MH1973PLC016617	SARDA ENERGY AND MINERALS LIMITED	Director	25-09-2010	30-07-2010	-	Active	NO
13	L65999MH1986PLC147981	IL AND FS INVESTMENT MANAGERS LIMITED	Director	27-07-2011	30-07-2010	-	Active	NO
14	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Director appointed in casual vacancy	30-07-2010	30-07-2010	28-03-2013	Active	NO
15	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	01-10-2014	13-08-2010	-	Active	NO
16	U27100GJ1976FLC013787	ESSAR STEEL INDIA LIMITED	Director	30-09-2010	25-08-2010	29-05-2013	Active	NO
17	U99999MH2001PTC255339	PROVENANCE LAND PRIVATE LIMITED	Director	28-09-2010	03-09-2010	-	Active	NO
18	L24302RJ1979PLC001948	SHREE RAJASTHAN SYNTEX LTD	Director	19-09-2011	19-09-2011	21-08-2012	Active	NO
19	U74999MH2011PTC217380	ESSAR SERVICES INDIA PRIVATE LIMITED	Whole-time director	01-04-2012	21-01-2012	31-03-2015	Active	NO
20	U45202MH2008PTC180525	EQUINOX REALTY AND INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-2012	21-02-2012	18-09-2014	Active	NO
21	L64201DL2006PLC156038	BHARTI INFRATEL LIMITED	Director	03-07-2013	03-09-2012	-	Active	NO
22	U99999MH1989PLC053280	ESSAR PROJECTS (INDIA) LIMITED	Director	30-12-2014	27-09-2013	25-03-2015	Active	NO
23	U26941WB1996PLC076612	BINANI CEMENT LIMITED	Additional director	30-09-2013	30-09-2013	19-05-2014	Active	NO

Name :

Mr. Ravi Jhunjhunwala

Designation :

Director

Address :

63, Friends Colony(East), New Delhi, 110065, Delhi, India

Date of Appointment :

01.10.2014

DIN No.:

00060972

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	L17115RJ1960PLC008216	RSWM LIMITED	Director	18-05-1979	18-05-1979	-	Active	NO
2	L23109MP1972PLC008290	HEG LIMITED	Managing director	13-02-2014	08-09-1979	-	Active	NO
3	L24302RJ1970PLC002266	BSL LIMITED	Director	16-10-1993	16-10-1993	-	Active	NO
4	U17118RJ1975PLC002275	BHILWARA PROCESSORS LIMITED	Director	16-10-1993	16-10-1993	-	Amalgamated	NO
5	U74899DL1995PLC064168	INDO CANADIAN CONSULTANCY SERVICES LIMITED	Director	07-09-1995	07-09-1995	11-08-2014	Active	NO
6	L17124MP1989PLC008255	MARAL OVERSEAS LIMITED	Director	27-11-1996	27-11-1996	-	Active	NO
7	L17115RJ1980PLC008217	BHILWARA SPINNERS LIMITED	Director	28-11-1996	28-11-1996	22-07-2010	Active	NO
8	U18101RJ1996PTC012501	BMD PRIVATE LIMITED	Director	04-02-1997	04-02-1997	-	Active	NO
9	U74899DL2000PLC103906	BHILWARA INFOTECH LIMITED	Director	23-02-2000	23-02-2000	05-06-2009	Amalgamated	NO
10	U74899DL2000PLC104401	BHILWARA INFOTECHNOLOGY LIMITED	Director	14-03-2000	14-03-2000	05-06-2009	Active	NO
11	U72200DL2000PTC104397	BHILWARA SOFTWARE PRIVATE LIMITED	Director	14-03-2000	14-03-2000	05-06-2009	Strike off	NO
12	U72200DL2000PTC104400	BHILWARA INFOWAY PRIVATE LIMITED	Director	14-03-2000	14-03-2000	05-06-2009	Strike off	NO
13	U72200DL2000PTC106789	ESCRIBE (INDIA) PRIVATE LIMITED	Director	13-07-2000	13-07-2000	05-06-2009	Strike off	NO
14	U40101HP1997PLC019959	MALANA POWER COMPANY LIMITED	Managing director	01-11-2011	10-09-2001	-	Active	NO
15	U40101HP2003PLC026108	AD HYDRO POWER LIMITED	Director	16-06-2003	16-06-2003	-	Active	NO
16	L17111TZ1989PLC005902	CHESLIND TEXTILES LIMITED	Director	29-09-2007	30-08-2007	-	Amalgamated	NO
17	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	01-10-2014	26-10-2009	-	Active	NO
18	U31101DL2006PLC148862	BHILWARA ENERGY LIMITED	Director	11-09-2010	03-06-2010	-	Active	NO
19	U40101DL2009PLC196998	NJC HYDRO POWER LIMITED	Director	30-09-2011	31-03-2011	27-03-2015	Active	NO
20	U74899DL1995PLC066321	BHILWARA GREEN ENERGY LIMITED	Director	23-09-2011	15-06-2011	11-08-2014	Active	NO
21	L74999RJ1938PLC019511	JK LAKSHMI CEMENT LIMITED	Director	04-09-2014	26-03-2012	-	Active	NO

Name :

Mr. Jagmohan N. Kejriwal

Designation :

Director

Address :

20, SILVER SANDS, DARIYALAL CO-OP HSG SOCIETY, JUHU TARA ROAD, ANDHERI (W), MUMBAI, 400049, Maharashtra, INDIA

Date of Appointment :

01.10.2014

DIN No.:

00074012

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	U74210MH1963PTC012583	DYNATRON PRIVATE LIMITED	Managing director	23-04-1965	23-04-1965	-	Active	NO
2	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	01-10-2014	28-05-1999	-	Active	NO
3	U21020MH1991PTC061835	INDUSTELE SERVICES PRIVATE LIMITED	Director	31-05-2001	31-05-2001	19-06-2013	Active	NO

Name :

Mr. Ramesh chandra Mishra

Designation :

Director

Address :

Dd-14, Kalkaji Extension, Nehru Enclave, New Delhi, 110019, Delhi, India

Date of Appointment :

01.10.2014

DIN No.:

00063146

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	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	01-10-2014	24-11-1987	-	Active	NO
2	U70102UP2014PTC066539	IGL INFRASTRUCTURE PRIVATE LIMITED	Director	13-10-2014	13-10-2014	-	Active	NO

Name :

Mr. M.K. Rao

Designation :

Whole-Time Director

Address :

IGL Colony, India Glycols Limited, Kashipur, 244713, Uttarakhand, India

Date of Appointment :

01/05/2008

KEY EXECUTIVES

Name :	Mr. Lalit Kumar Sharma
Designation :	Company Secretary
Name :	Mr. Rakesh Bhartia
Designation :	Chief Executive Officer
Name :	Mr. Gurav
Designation :	Finance Department
Investors’ Grievance Committee:	· Mr. R.C Mishra, Chairman · Mr. Jagmohan N Kejriwal · Mr. U.S. Bhartia
Audit Committee:	· Mr. R.C. Mishra, Chairman · Mr. Jagmohan N. Kejriwal · Pradip Kumar Khaitan · M. K. Rao

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Category of Shareholder	No. of Shares	% of No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	3235159	10.45
Bodies Corporate	15672166	50.62
Sub Total	18907325	61.07
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	18907325	61.07
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	16623	0.05
Financial Institutions / Banks	21380	0.07
Insurance Companies	560565	1.81
Sub Total	598568	1.93
(2) Non-Institutions
Bodies Corporate	2187431	7.07
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	7440730	24.03
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	1273629	4.11
Any Others (Specify)	553817	1.79
Non Resident Indians	532597	1.72
Trust & Foundation	21220	0.07
Sub Total	11455607	37.00
Total Public shareholding (B)	12054175	38.93
Total (A)+(B)	30961500	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	30961500	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Glycols, Ethylene Oxide Derivatives, Ethyl Alcohol (Potable), Natural Gum and Derivatives, Nutraceuticals and Herbal Extracts and Industrial Gases.

Products :

Item Code No.	Product Description
2905	Mono-Ethylene Glycol
3402	Ethylene Oxide Condensates / Derivatives

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Countries :

• USA
• Europe

Imports :

Countries :

• China
• USA

Terms :

Selling :

Cash and Payment

Purchasing :

Cash and Payment

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 :

Wholesalers and Retailers

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 :

160 (Approximately)

Bankers :

• State Bank of India
• State Bank of Patiala
• Axis Bank Limited
• Punjab National Bank
• Union Bank of India
• IDBI Bank Limited
• Exim Bank
• State Bank of Hyderabad
• State Bank of Travancore
• State Bank of Bikaner and Jaipur

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
RUPEE TERM LOANS
From banks	NA	3694.034
Other than Banks	NA	60.875
Foreign Currency Term Loans from Banks	NA	2176.271
SHORT TERM BORROWING
Loans repayable on demand from Banks
Buyers Import Credit	NA	3165.331
Working Capital Loans from Banks	NA	6977.824
Total	NA	16074.335

NOTES:

LONG TERM BORROWINGS:

The Term Loans inter-se, are secured / to be secured by mortgage of all immovable properties of the Company both present and future and hypothecation of all movable properties of the Company (save and except book debts) including movable machinery, machinery spares, tools and accessories, both present and future subject to prior charges created and / or to be created in favour of the bankers of the Company on stocks, book debts and other specified movable properties for working capital requirements / Buyers Credit

SHORT TERM BORROWINGS:

Working Capital Loans from Banks are secured / to be secured by way of hypothecation of book debts and stocks including in-transit and other specified movable properties and second charge on all immovable properties of the Company. Buyers Credit facility is secured against non-fund based facility sanctioned to the Company. Further Packing credit facility of Rs.157.000 Million (Previous Year Nil) (included in working capital loans) are specifically secured by pledge of deposit. Out of the above, working capital facility of Rs. 572.326 Millions (Previous Year Rs. 472.744 Millions) is also secured by the corporate guarantee of India Glycols Limited (The Holding Company).

Auditors :
Name :	Lodha and Company Chartered Accountant
Cost Auditors :	R. J. Goel and Company
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries : (As on 31.03.2014)	IGL Finance Limited Shakumbari Sugar and Allied Industries Limited IGLCHEM International PTE. Limited
Joint Venture Enterprise : (As on 31.03.2014)	Kashipur Infrastructure and Freight Terminal Private Limited
Other Related Parties : (As on 31.03.2014)	Ajay Commercial Company (Private) Limited J. B. Commercial Company (Private) Limited Kashipur Holdings Limited Polylink Polymers (India) Limited Hindustan Wires Limited Supreet Vyapaar (Private) Limited Mayur Barter (Private) Limited Facit Commosales (Private) Limited J. Boseck and Company (Private) Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
45000000	Equity Shares	Rs.10/- each	Rs.450.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30961500	Equity Shares	Rs.10/- each	Rs.309.615 Million

A) TERMS/RIGHTS ATTACHED TO EQUITY SHARES:

The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY

Name of Shareholder	31.03.2014
Kashipur Holdings Limited	10,287,406
Sajani Devi Bhartia	2,100,249

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	309.600	309.615	309.615
(b) Reserves & Surplus	4243.400	4746.138	5980.718
(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)	4553.000	5055.753	6290.333
(3) Non-Current Liabilities
(a) long-term borrowings	3445.800	6622.204	6577.161
(b) Deferred tax liabilities (Net)	487.500	1065.444	1567.923
(c) Other long term liabilities	1.700	53.454	49.541
(d) long-term provisions	51.300	34.903	30.091
Total Non-current Liabilities (3)	3986.300	7776.005	8224.716
(4) Current Liabilities
(a) Short term borrowings	13603.600	10524.341	7878.671
(b) Trade payables	2432.800	4703.510	4592.781
(c) Other current liabilities	6953.000	3961.457	2536.646
(d) Short-term provisions	48.800	64.818	115.765
Total Current Liabilities (4)	23038.200	19254.126	15123.863
TOTAL	31577.500	32085.884	29638.912
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	11743.900	11856.081	10879.697
(ii) Intangible Assets	0.000	22.987	37.653
(iii) Capital work-in-progress	0.000	1223.228	1935.134
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	819.300	569.452	569.452
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	585.800	584.679	635.502
(e) Other Non-current assets	24.100	22.996	17.552
Total Non-Current Assets	13173.100	14279.423	14074.990
(2) Current assets
(a) Current investments	0.000	0.980	1719.221
(b) Inventories	4735.800	5471.922	4612.113
(c) Trade receivables	4375.600	4417.568	2986.527
(d) Cash and cash equivalents	1474.100	1583.356	1216.744
(e) Short-term loans and advances	7772.100	6308.663	5001.685
(f) Other current assets	46.800	23.972	27.632
Total Current Assets	18404.400	17806.461	15563.922
TOTAL	31577.500	32085.884	29638.912

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	25574.100	28850.004	33338.319
		Other Income	433.400	289.419	127.827
		TOTAL (A)	26007.500	29139.423	33466.146
Less	EXPENSES
		Cost of Materials Consumed	13890.000	15432.692	16316.202
		Purchases of Stock-in-Trade	3293.400	5103.079	5617.271
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	177.000	(565.409)	3.492
		Employees benefits expense	856.100	795.156	812.408
		Other expenses	2636.400	5990.803	6915.218
		Exceptional Items	579.600	1917.262	0.000
		Power and Fuel	3352.900	0.000	0.000
		TOTAL (B)	24785.400	28673.583	29664.591
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1222.100	465.840	3801.555
Less	FINANCIAL EXPENSES (D)		1577.000	1335.320	1327.246
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(354.900)	(869.480)	2474.309
Less/ Add	DEPRECIATION/ AMORTISATION (F)		811.600	828.447	824.315
	PROFIT BEFORE TAX (E-F) (G)		(1166.500)	(1697.927)	1649.994
Less	TAX (H)		(553.100)	(502.479)	440.620
	PROFIT AFTER TAX (G-H) (I)		(613.400)	(1195.448)	1209.374
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	11078.899	16747.259
	TOTAL EARNINGS		NA	11078.899	16747.259
	IMPORTS
		Raw Materials	NA	2745.709	1807.625
		Stores & Spares	NA	971.783	800.673
		Capital Goods	NA	0.000	0.371
		Traded Goods	NA	4651.976	1807.625
	TOTAL IMPORTS		NA	8369.468	4416.294
	Earnings Per Share (Rs.)		(19.81)	(38.61)	41.10

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	2120.327	1932.852
Cash generated from operations	NA	(1330.698)	8177.295

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	(2.40)	(4.14)	3.63
Operating Profit Margin (PBIDT/Sales)	(%)	4.78	1.61	11.40
Return on Total Assets (PBT/Total Assets}	(%)	(3.79)	(5.60)	6.08
Return on Investment (ROI) (PBT/Networth)		(0.26)	(0.34)	0.26
Debt Equity Ratio (Total Debt /Networth)		3.74	3.81	2.61
Current Ratio (Current Asset/Current Liability)		(2.40)	(4.14)	3.63

STOCK PRICES

Face Value	Rs.10.00
Market Value	Rs.86.25

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	309.615	309.615	309.600
Reserves & Surplus	5980.718	4746.138	4243.400
Net worth	6290.333	5055.753	4553.000
long-term borrowings	6577.161	6622.204	3445.800
Short term borrowings	7878.671	10524.341	13603.600
Total borrowings	16388.684	19266.872	17049.400
Debt/Equity ratio	2.605	3.811	3.745

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	33338.319	28850.004	25574.100
		(13.463)	(11.355)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	33338.319	28850.004	25574.100
Profit	1209.374	(1195.448)	(613.400)
	3.63%	(4.14%)	(2.40%)

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	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
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)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Particulars	As on 31.03.2015	As on 31.03.2014
	(Rs. In Million)
LONG TERM BORROWINGS:
Loan from related parties (Body Corporates)	NA	691.024
SHORT TERM BORROWINGS:
From Banks	NA	381.186
Total	NA	1072.210

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10525062	16/10/2014	1,000,000,000.00	IDBI BANK LIMITED	INDIAN RED CROSS SOCIETY BULIDING, 1, RED CROSS ROAD POST BAG NO. 231, NEW DELHI, DELHI - 110001, INDIA	C28818227
2	10520333	15/09/2014	1,000,000,000.00	AXIS BANK LIMITED	2ND FLOOR STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C20970299
3	10500715	28/04/2014	3,500,000,000.00	IDBI BANK LIMITED	INDIAN RED CROSS SOCIETY BLDF,1 R.C. RD. P B NO231, NEW DELHI, DELHI - 110001, INDIA	C03589173
4	10458195	25/10/2013	1,000,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, 74, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B88778410
5	10457758	20/01/2014 *	1,000,000,000.00	IDBI BANK LIMITED	INDIAN RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, POST BAG NO. 231, NEW DELHI, DELHI - 110001, INDIA	B96181565
6	10447066	20/01/2014 *	500,000,000.00	UNION BANK OF INDIA	SME OKHLA,OKHLA INDUSTRIAL AREA, PHASE-I, NEW DELHI, DELHI - 110020, INDIA	B96356043
7	10428427	29/04/2014 *	1,000,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH,THE GREAT EASTERN CENTRE, 70,GROUND FLOOR,NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA	C13902770
8	10413665	06/09/2013 *	1,000,000,000.00	IDBI BANK LIMITED	INDIAN RED CROSS SOCIETY BUILDING, 1, RED CROSS R  OAD,POST BAG NO.-231, NEW DELHI, DELHI - 110001, INDIA	B86027661
9	10397729	07/01/2015 *	500,000,000.00	STATE BANK OF TRAVANCORE	COMMERCIAL BRANCH, TRAVANCORE HOUSE, K.G.MARG, NE W DELHI, DELHI - 110001, INDIA	C40465270
10	10394935	05/08/2014 *	250,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, 74, JANPATH, NEW DELHI, DELHI  - 110001, INDIA	C17268848

* Date of charge modification

FIXED ASSETS

· Land

· Leasehold Land

· Buildings

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Specialised 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 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.63.88
UK Pound	1	Rs.98.47
Euro	1	Rs.72.15s

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	DIV
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		42

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.