MIRA INFORM REPORT

Report No. :	314543
Report Date :	28.03.2015

IDENTIFICATION DETAILS

Name :	S L CONSUMER PRODUCTS LIMITED (w.e.f.28.06.2012)
Formerly Known As :	S K CONSUMER PRODUCTS LIMITED (w.e.f.07.06.2012) S K CONSUMER PRODUCTS PRIVATE LIMITED (w.e.f.24.04.2012) KS CONSUPRO INDIA PRIVATE LIMITED
Registered Office :	1007, 10th Floor, New Delhi House, 27, Bara Khamba Road, New Delhi- 110001, Delhi
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.12.1996
Com. Reg. No.:	55-083850
Capital Investment / Paid-up Capital :	Rs. 38.474 Million
CIN No.: [Company Identification No.]	U11200DL1996PLC083850
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACK4016H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and trading of Edible Oil.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 900000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. Profitability of the company seems to be low during 2014. However, trade relations are reported as fair. Business is active. Payment terms are reported slow but correct. The company can be considered for business dealings with some cautions.

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 BB
Rating Explanation	Have moderate risk of default.
Date	21.11.2014

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 DENIED BY

Name :	Mr. Jeevanlal
Designation :	Director
Contact No.:	91-9810281088
Date :	27.03.2015

LOCATIONS

Registered Office / Head Office:	1007, 10th Floor, New Delhi House, 27, Bara Khamba Road, New Delhi- 110001, Delhi, India
Tel. No.:	Not Available
Mobile No.:	91-9810281088 (Mr. Jeevanlal)
Fax No.:	Not Available
E-Mail :	jeevanlal1971@rediffmail.com
Factory :	Located at : Morena, Madhya Pradesh, India

DIRECTORS

As on

Name :

Mr. Lalit Kumar Garg

Designation :

Director

Address :

7-A/2, Rajpur Road,, Delhi, 110054, Delhi, India

Date of Birth/Age :

08.10.1979

Date of Appointment :

16.12.1996

DIN No.:

00733174

Name :

Mr. Sachin Kumar Garg

Designation :

Director

Address :

7-A/2, Rajpur Road,, Delhi, 110054, Delhi, India

Date of Birth/Age :

20.03.1977

Date of Appointment :

16.12.1996

DIN No.:

00733362

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	U11200DL1996PLC083850	S L CONSUMER PRODUCTS LIMITED	Director	16/12/1996	16/12/1996	-	Active	NO
2	U01122RJ2008PLC028020	KISANN SANKALP AGRI LIMITED	Director	29/09/2012	21/08/2012	-	Active	NO

Name :

Mr. Jeevan Lal

Designation :

Director

Address :

14/151, Gulab Vatika - 3, Loni, Ghaziabad, 201102, Uttar Pradesh, India

Date of Birth/Age :

10.10.1971

Date of Appointment :

02.04.2012

DIN No.:

05258518

Name :

Mr. Pooja Garg

Designation :

Director

Address :

7-A/2, Rajpur Road,, Delhi, 110054, Delhi, India

Date of Birth/Age :

12.06.1977

Date of Appointment :

01.06.2012

DIN No.:

05304670

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	U11200DL1996PLC083850	S L CONSUMER PRODUCTS LIMITED	Director	01/06/2012	01/06/2012	-	Active	NO
2	U93090DL2012PTC243924	Divine Wedding Solutions Private Limited	Director	22/10/2012	22/10/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

SHAREHOLDING DETALIS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	14.27
Directors or relatives of Directors	85.43
Other top fifty shareholders	0.30
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and trading of Edible Oil.

Products :

Item Code No. (ITC Code)	Product Description
23040010	Manufacturing and trading of Edible Oil.

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Banker Name :	Union Bank of India
Branch Address :	111/112, Fatehpuri, Khari Baoli, New Delhi - 110006, Delhi, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	Not Divulged
Report :	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• Central Bank of India, Link House, 3 Bahadur Shah Zafar Marg,, New Delhi, 
  Delhi - 110002, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Term loans from banks	1.144	0.774
Term loans from others	2.324	0.000
Short Term Borrowing
Working capital loans from banks	753.583	375.418
Total	757.051	376.192

Auditors :
Name :	Rajesh Suresh Jain and Associates Chartered Accountants
Address :	E-3/38, 2^nd Floor , Sector-7, Rohini , Delhi-110005, India
PAN No.:	ADSPJ6142M
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.100/- each	Rs.50.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
499,740	Equity Shares	Rs.100/- each	Rs.49.974 million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.100/- each	Rs.50.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
384,740	Equity Shares	Rs.100/- each	Rs.38.474million

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	38.474	24.467	24.467
(b) Reserves & Surplus	275.911	155.327	147.086
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.330	0.000
Total Shareholders’ Funds (1) + (2)	314.385	180.124	171.553
(3) Non-Current Liabilities
(a) long-term borrowings	20.868	18.174	21.982
(b) Deferred tax liabilities (Net)	0.000	0.045	0.094
(c) Other long term liabilities	13.838	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	34.706	18.219	22.076
(4) Current Liabilities
(a) Short term borrowings	753.583	375.418	366.673
(b) Trade payables	117.410	45.198	34.974
(c) Other current liabilities	13.983	1.263	11.241
(d) Short-term provisions	15.000	4.288	4.860
Total Current Liabilities (4)	899.976	426.167	417.748
TOTAL	1249.067	624.510	611.377
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	48.918	7.116	7.250
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	16.496	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.356	0.356	0.356
(c) Deferred tax assets (net)	0.434	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	3.500
(e) Other Non-current assets	0.000	3.851	0.000
Total Non-Current Assets	49.708	27.819	11.106
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	420.458	37.499	39.910
(c) Trade receivables	651.038	528.478	393.283
(d) Cash and cash equivalents	49.030	10.274	38.293
(e) Short-term loans and advances	78.833	20.440	128.785
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1199.359	596.691	600.271
TOTAL	1249.067	624.510	611.377

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	7062.309	2907.163	2760.412
	Other Income	1.174	3.075	2.058
	TOTAL (A)	7063.483	2910.238	2762.470
Less	EXPENSES
	Cost of Materials Consumed	4378.299	80.660	969.129
	Purchases of Stock-in-Trade	2718.438	2757.020	1675.021
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(352.559)	(12.104)	(0.115)
	Employees benefits expense	7.662	5.024	4.425
	Other expenses	197.350	9.429	37.150
	TOTAL (B)	6949.190	2840.029	2685.610
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	114.293	70.209	76.860
Less	FINANCIAL EXPENSES (D)	67.073	56.455	63.476
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	47.220	13.754	13.384
Less/ Add	DEPRECIATION/ AMORTISATION (F)	3.160	1.219	1.157
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	44.060	12.535	12.227
Less	TAX (I)	14.520	4.294	5.476
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	29.540	8.241	6.751
	Earnings / (Loss) Per Share (Rs.)	76.78	33.68	32.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.42	0.28	0.24
Operating Profit Margin (PBDIT/Sales)	(%)	1.62	2.42	2.78
Return on Total Assets (PBT/Total Assets}	(%)	3.53	2.06	2.00
Return on Investment (ROI) (PBT/Networth)		0.14	0.07	0.07
Debt Equity Ratio (Total Debt /Networth)		2.46	2.19	2.27
Current Ratio (Current Asset/Current Liability)		1.33	1.40	1.44

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	24.467	24.467	38.474
Reserves & Surplus	147.086	155.327	275.911
Share Application money pending allotment	0.000	0.330	0.000
Net worth	171.553	180.124	314.385
long-term borrowings	21.982	18.174	20.868
Short term borrowings	366.673	375.418	753.583
Total borrowings	388.655	393.592	774.451
Debt/Equity ratio	2.266	2.185	2.463

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	2760.412	2907.163	7062.309
		5.316	142.928

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	2760.412	2907.163	7062.309
Profit	6.751	8.241	29.540
	0.24%	0.28%	0.42%

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

(Rs. In Million)

UNSECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Intercorporate borrowings	13.000	13.000
Loans and advances from related parties	4.400	4.400
Total	17.400	17.400

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10506534	23/08/2013	61,500,000.00	Central Bank of India	Link House, 3 Bahadur Shah Zafar Marg,, New Delhi,  Delhi - 110002, INDIA	B98770209
2	10433383	19/06/2013	600,000.00	UNION BANK OF INDIA	19 KNOWLEDGE PARK,, GREATER NOIDA,, NOIDA, Uttar  Pradesh - 201308, INDIA	B78106440
3	10405623	29/12/2012	140,000,000.00	CENTRAL BANK OF INDIA	LINK HOUSE, 3 BAHADUR SHAH ZAFAR MARG,, NEW DELHI,  Delhi - 110002, INDIA	B68827419
4	90053710	29/03/2014 *	555,000,000.00	UNION BANK OF INDIA	111/112, FATEHPURI,, KHARI BAOLI,, DELHI, Delhi -  110006, INDIA	C01030444

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Vehicles
• Office equipment
• Computer equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.60
UK Pound	1	Rs.92.95
Euro	1	Rs.68.14

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RSM
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.