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|
MIRA INFORM REPORT
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Report No. : |
489006 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KLJ PLASTICIZERS LIMITED |
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|
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Registered
Office : |
'KLJ House', 63, Rama Marg, Najafgarh Road, New Delhi - 110015 |
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Tel. No.: |
91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 / 41427427-29 / 8 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
18.07.2008 |
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Com. Reg. No.: |
55-181088 |
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Capital
Investment / Paid-up Capital : |
INR 510.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U25200DL2008PLC181088 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELK06611D |
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GSTIN : |
Not Available |
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PAN No.: [Permanent Account No.] |
AAAFK4651K / AADCK4412E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Subject is primarily engaged in manufacturing and selling of plasticizers to be used in manufacturing of plastic items etc. (Registered activity) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 11000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008. The company is engaged in
manufacturing polyvinyl chloride (PVC) compounds. As per the financial of 2017, the company has earned an average growth
of 1.44% in its revenue as compared to the previous year’s revenue and has
achieved a favourable profitability margin of 7.11%. The company possesses sound financial position marked by strong net
worth base along with low debt balance sheet profile and comfortable liquidity
parameters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
25.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
25.04.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 01.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered Office/ Head Office
: |
'KLJ House', 63, Rama Marg, Najafgarh Road, New Delhi -
110015,
India |
|
Tel. No.: |
91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 / 41427427-29 / 8 |
|
Fax No.: |
91-11-25459709/ 25910215/ 25536264 |
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E-Mail : |
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Website : |
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Sales Offices (Real Estate Divisions)
: |
102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakya Puri, New
Delhi-110002, |
|
Tel. No.: |
91-11-24122880-86 |
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Fax No.: |
91-11-24122887 |
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E-Mail : |
|
|
|
|
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Factory 1 : |
Survey No. 98/1, Village Chile, Silvassa – 396230, Dadra and Nagar
Haveli, India |
|
Tel No.: |
91-260-6548914-6/ 6547878/ 2643098/ 2644235 |
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Fax No.: |
91-260-2643098 |
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E-Mail : |
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Factory 2 : |
Survey No. 98/1/3, Village Silli, Silvassa-396 230, Dadra and |
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Factory 3 : |
Survey No. 98/1/1, Village Silli, Silvassa-396 230, Dadra and Nagar Haveli, India |
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Branch Office 1: |
76, Juhu Shopping Centre, 2nd Floor, Gulmohar Cross, 9th
Road, Juhu Scheme, Mumbai-400049, India |
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Tel. No.: |
91-22-26244948-54 |
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Fax No.: |
91.22-26244009 |
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E-Mail : |
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Branch Office 2: |
Shanti Niketan Building, Suite No-22, Ground Floor, 8, CAMAC Street, Kolkata-700017,
West Bengal, India |
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Tel. No.: |
91-33-22823251 |
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Fax No.: |
91-33-22823251 |
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E-Mail : |
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Branch Office 3: |
No. 11, 2nd Floor, |
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Tel. No.: |
91-44-32000815 |
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E-Mail : |
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Branch Office 4 : |
Unit No.403 and 404, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai - 400 069, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kanhaiya Lal Jain
|
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Designation : |
Managing Director |
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|
Address : |
KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi –
110015, India |
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Date of Birth/Age : |
06.04.1946 |
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Qualification : |
Graduate |
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Experience : |
53 Years |
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Date of Appointment : |
28.09.2011 |
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PAN No.: |
AAFPJ3905N
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DIN No.: |
00033519
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Praveen Sharma |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
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Address : |
4/150, Second Floor, Subhash Nagar Tagore Garden West,
Delhi – 110027, India |
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Date of Birth/Age : |
13.09.1965 |
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Qualification : |
13.09.1965 |
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Date of Appointment : |
09.08.2008 |
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PAN No.: |
ALQPS6513F |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00023289 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Mangi Lal Sethia |
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Designation : |
Wholetime Director |
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Address : |
B-6, Ground Floor, Kirti Nagar, New Delhi – 110015, India |
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Date of Birth/Age : |
27.06.1954 |
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Qualification : |
B.Com |
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Date of Appointment : |
09.09.2017 |
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PAN No.: |
AKKPS3668Q |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00061726 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Mangilall Sethia |
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Designation : |
Director |
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Address : |
4771, Bharat Ram Road, 23, Daryaganj, New Delhi – 110002,
India |
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Date of Birth/Age : |
06.12.1937 |
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Qualification : |
Graduate |
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Date of Appointment : |
31.03.2015 |
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PAN No.: |
ALKPS0654D |
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DIN No.: |
00081367 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Sonali Jain |
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Designation : |
Director |
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Address : |
6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, India |
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Date of Birth/Age : |
20.07.1974 |
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Qualification : |
Graduate |
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Date of Appointment : |
18.07.2008 |
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PAN No.: |
ACBPJ6705C |
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DIN No.: |
02141712 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Prem Prakash Soni |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
CGD-175, DLF Capital Greens, 15, Shivaji Marg, Karam Pura,
Ramesh Nagar, Rajouri Garden , New Delhi - 110015, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.12.1943 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.08.2008 |
||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ADFPS4204C |
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DIN No.: |
02658821 |
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Laxmi Pat Bhutoria |
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|
Designation : |
Director |
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|
Address : |
QD-61, Pitam Pura, North West, Delhi – 110088, India |
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Date of Birth/Age : |
22.10.1959 |
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|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2015 |
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PAN No.: |
AALPB1945N |
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|
DIN No.: |
07143023 |
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KEY EXECUTIVES
|
Name : |
Mrs. Radha Krishna Agarwala |
|
Designation : |
Company Secretary |
|
Address : |
359, Niligiri Apartments, Alaknanda, New Delhi-110019, |
|
Date of Birth/Age : |
15.06.1937 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AACPA6471D |
|
|
|
|
Name : |
Mr. Jitendra Kumar Begani |
|
Designation : |
Chief Finance Officer |
|
Address : |
KLJ House B-63, Rama Road, Kirti Nagar, New Delhi –
110015, India |
|
Date of Birth/Age : |
27.02.1978 |
|
Date of Appointment : |
31.03.2015 |
|
PAN No.: |
AAHPB5435H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pushp Jain |
|
14000000 |
|
Neetu Jain |
|
1400 |
|
Sushila Jain |
|
1400 |
|
Kamal Jain |
|
14000000 |
|
Sonali Jain |
|
6994400 |
|
Shashi Katyal |
|
1400 |
|
Kanak Mal Kothari |
|
1400 |
|
Kanhaiya Lal Jain |
|
16000000 |
|
Total |
|
51000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
99.99 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is primarily engaged in manufacturing and selling of plasticizers to be used in manufacturing of plastic items etc. (Registered activity) |
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Products : |
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||||||
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Brand Names : |
Not Divulged |
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||||||
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Agencies Held : |
Not Divulged |
||||||
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||||||
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Exports : |
Not Divulged |
||||||
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|
||||||
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Imports : |
Not Divulged |
||||||
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|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Anil Khatri and Company Chartered Accountants |
|
Address : |
V-2, Rajouri Garden, New Delhi-110027, India |
|
Membership Number
: |
086419 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AATFA2958A |
|
|
|
|
Secretarial audit
report : |
|
|
Name : |
Arun Gupta and Associates |
|
Address : |
59, Ground Floor, Street No. 3, Madan Park, East Punjabi Bagh, New Delhi -110026, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
U74899DL1995PLC068170
U24119DL1989PLC036883
L67120WB1986PLC041487
U65921WB1995PTC069387
L51909WB1985PLC039455
U45201DL2006PTC145296
U45303DL1997PTC091172
U51909DL1997PTC091106
U51909DL1997PTC091166
U70109KA2011PTC060826 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000000 |
Equity Shares |
INR 10/- each |
INR 510.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000000 |
Equity Shares |
INR 10/- each |
INR 510.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
510.000 |
510.000 |
510.000 |
|
(b) Reserves and Surplus |
3269.940 |
2446.936 |
1922.724 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3779.940 |
2956.936 |
2432.724 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
94.755 |
|
(b) Deferred tax liabilities (Net) |
6.013 |
18.734 |
17.032 |
|
(c) Other long-term
liabilities |
54.925 |
54.825 |
52.376 |
|
(d) long-term
provisions |
28.005 |
20.560 |
16.947 |
|
Total Non-current
Liabilities (3) |
88.943 |
94.119 |
181.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
438.088 |
705.560 |
588.243 |
|
(b) Trade
payables |
1211.748 |
1260.916 |
1912.927 |
|
(c) Other
current liabilities |
176.637 |
87.639 |
125.149 |
|
(d) Short-term
provisions |
562.575 |
358.355 |
215.434 |
|
Total Current
Liabilities (4) |
2389.048 |
2412.470 |
2841.753 |
|
|
|
|
|
|
TOTAL |
6257.931 |
5463.525 |
5455.587 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
542.475 |
581.535 |
517.702 |
|
(ii) Intangible
Assets |
0.443 |
0.886 |
1.329 |
|
(iii) Tangible assets
capital work-in-progress |
14.719 |
8.819 |
0.914 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
512.553 |
279.569 |
201.093 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1070.190 |
870.809 |
721.038 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1551.337 |
1271.396 |
1757.623 |
|
(c) Trade
receivables |
1532.412 |
1175.053 |
1541.057 |
|
(d) Cash and
bank balances |
106.021 |
151.280 |
205.932 |
|
(e) Short-term
loans and advances |
1997.971 |
1994.987 |
1229.937 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5187.741 |
4592.716 |
4734.549 |
|
|
|
|
|
|
TOTAL |
6257.931 |
5463.525 |
5455.587 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
11580.861 |
11416.959 |
12788.703 |
|
|
Other Income |
51.326 |
70.066 |
121.759 |
|
|
TOTAL |
11632.187 |
11487.025 |
12910.462 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9317.712 |
9584.858 |
11481.878 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(101.742) |
207.277 |
226.670 |
|
|
Employee benefit expense |
281.447 |
167.971 |
138.455 |
|
|
Other expenses |
759.232 |
613.334 |
623.411 |
|
|
TOTAL |
10256.649 |
10573.440 |
12470.414 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1375.538 |
913.585 |
440.048 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.323 |
71.915 |
71.346 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1310.215 |
841.670 |
368.702 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
56.433 |
56.896 |
59.491 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1253.782 |
784.774 |
309.211 |
|
|
|
|
|
|
|
Less |
TAX |
430.779 |
260.562 |
105.564 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
823.003 |
524.212 |
203.647 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1025.121 |
1154.571 |
1567.400 |
|
|
TOTAL EARNINGS |
1025.121 |
1154.571 |
1567.400 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5029.579 |
5814.286 |
7023.000 |
|
|
TOTAL IMPORTS |
5029.579 |
5814.286 |
7023.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.14 |
10.28 |
3.993 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
58.129 |
|
Net cash flows from (used in) operations |
935.878 |
277.267 |
(114.832) |
|
Net cash flows from (used in) operating activities |
492.378 |
18.407 |
(324.096) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
48.30 |
37.57 |
43.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.56 |
9.72 |
8.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
47.47 |
48.02 |
60.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.89 |
0.72 |
0.25 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.47 |
1.55 |
0.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.38 |
0.44 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.12 |
0.24 |
0.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.63 |
0.82 |
1.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.15 |
0.20 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
21.06 |
12.70 |
6.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.11 |
4.59 |
1.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.15 |
9.59 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.77 |
17.73 |
8.37 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.17 |
1.90 |
1.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.52 |
1.38 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.60 |
0.54 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.86 |
1.38 |
1.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.17 |
1.90 |
1.67 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
510.000 |
510.000 |
510.000 |
|
Reserves & Surplus |
1922.724 |
2446.936 |
3269.940 |
|
Net
worth |
2432.724 |
2956.936 |
3779.940 |
|
|
|
|
|
|
Long Term borrowings |
94.755 |
0.000 |
0.000 |
|
Short Term borrowings |
588.243 |
705.560 |
438.088 |
|
Total
borrowings |
682.998 |
705.560 |
438.088 |
|
Debt/Equity
ratio |
0.281 |
0.239 |
0.116 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
12788.703 |
11416.959 |
11580.861 |
|
|
|
(10.726) |
1.436 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
12788.703 |
11416.959 |
11580.861 |
|
Profit |
203.647 |
524.212 |
823.003 |
|
|
1.59% |
4.59% |
7.11% |
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 |
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 |
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 |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
CORPORATE
INFORMATION.
Subject is a public limited company, domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in manufacturing and selling of plasticizers to be used in manufacturing of plastic items etc. The Company caters to both domestic and international markets.
STATE OF AFFAIRS OF
THE COMPANY
Subject was incorporated on 18.07.2008 as a closely held public limited company and certificate of Commencement of Business was issued on 08.08.2008. The financial year 2016-17 is the Ninth year of operations of the Company.
Subject is a flagship company of KLJ Group of Industries which is the largest manufacturer and market leader in Plasticizers in South Asia with two units at Village Silli, Silvassa (U.T. of D and NH) with an installed capacity of 1,80,000 tpa. The Company offers a complete range of Plasticizers and has potential to meet all types of requirements of both standard and customized grades. Plant's capacity utilization is quite healthy.
The product range consists of Phthalate Plasticizers; Maleate Plasticizers, Specialty Plasticizers etc.
The products manufactured by the company are used in industries such as wires and cables, leather cloth, vinyl flooring, medical equipment, non-toxic food containers, footwear, flexible PVC films, adhesives, automobile parts, belts, flexible pipes and tubing's, paints and lubricants, inks and as chemical intermediate for other industries.
The Company is ISO certified Company for Quality Management System as per ISO 9001-2008 and for Environment Management System as per ISO 14001-2004.
The Company replaced all the regular mercury and sodium based lamps and tube lights from regular mercury based to LED thereby saving in considerable electrical energy.
The Company has created additional 3500 KL storage capacities for Raw materials and Finished Goods.
Company's operations are committed to the pursuit of achieving high levels of operating performance and cost competitiveness, consolidating and building for growth and nurturing overall corporate reputation. The Directors are hopeful of that the company would make better financial results in the forthcoming years.
There has been no change in the nature of the business of the Company during the financial year ended 31st March, 2017. Also, there has been no change in the name or main objects of the Company during the said period.
There have been no material changes and commitments, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
33.613 |
16.061 |
|
|
|
|
|
Total |
33.613 |
16.061 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G01803527 |
100021107 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
28/03/2016 |
- |
- |
3742500.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTa600096IN |
|
2 |
C06861413 |
10377755 |
State Bank of India |
07/08/2012 |
27/05/2014 |
- |
4440000000.0 |
Commercial Branch , N-3 First & Second FloorSouth extension part-INew DelhiDL110049IN |
|
3 |
G44751030 |
10345960 |
Dena Bank |
12/03/2012 |
- |
25/05/2017 |
90000000.0 |
A-3, Kirti NagarNajafgarh Road BranchNew DelhiDL110015IN |
|
4 |
C76832252 |
10124691 |
State Bank of India |
25/08/2008 |
12/03/2013 |
04/01/2016 |
150000000.0 |
Commercial BranchN-3 , South Extension Part -INew DelhiDL110048IN |
|
5 |
C13544481 |
10482543 |
State Bank of India |
29/01/2014 |
- |
25/07/2014 |
360000000.0 |
Commercial Branch,N-3South Extension Part-INew DelhiDL110048IN |
|
6 |
C00297143 |
10421376 |
State Bank of India |
12/03/2013 |
- |
20/03/2014 |
420000000.0 |
Commercial BranchN-3 , South Extension Part -INew DelhiDL110048IN |
|
7 |
B78173887 |
10306883 |
ORIENTAL BANK OF COMMERCE |
23/07/2011 |
- |
01/06/2013 |
660000000.0 |
H-15, CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
213.877 |
326.429 |
|
Guarantees |
8.919 |
9.417 |
|
Other money for which company is contingently liable |
19.158 |
18.683 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor 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,
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
INR |
|
US Dollar |
1 |
INR 63.75 |
|
|
1 |
INR 89.38 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared by
: |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.