MIRA INFORM REPORT

Report No. :	473890.2
Report Date :	22.02.2018

IDENTIFICATION DETAILS

Name :	KLJ ORGANIC LIMITED
Registered Office :	KJL House, 63 Rama Marg, Najafgarh Road, New Delhi – 110015
Tel. No.:	91-11-25459706
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	03.05.1995
Com. Reg. No.:	55-068170
Capital Investment / Paid-up Capital :	INR 40.000 Million
CIN No.: [Company Identification No.]	U74899DL1995PLC068170
IEC No.: [Import-Export Code No.]	0596059302
GSTN : [Goods & Service Tax Registration No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACK3722A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the manufacturing and selling of secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate and Tri Phenyl Phosphate and its bye products. [Registered Activity]
No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Maximum Credit Limit :	USD 3940000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of "KLJ group", founded by Mr. K L Jain in 1967. KLJ Organic Limited was incorporated in the year 1996 and it is engaged into manufacturing and selling of secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate and Tri Phenyl Phosphate and its bye products. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the FY 2017 are not available from any other sources. As per available financials of March 2016, the company has registered a decline at 17.72% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 2.98% under review. Rating takes into consideration the company’s established track record of business operations marked by sound networth base along with strong debt coverage indicators and good liquidity position. Rating reflects the company’s leadership position in the plasticizers business with a strong presence in the compounding and trading segments, its healthy operating efficiencies and its strong relationship with suppliers. Further, the company has reported a good earnings per share of INR 23.11 against its face value of INR 10. However, rating strength is partially offset by susceptibility to volatility in raw material prices and foreign exchange rates and its working capital intensive operations. Payments are reported to be regular. In view of aforesaid, the company can be considered good 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

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 Rating= A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	25.04.2017

Rating Agency Name	CRISIL
Rating	Short Term Rating= 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 22.02.2018

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 / Head Office :	KLJ House, 63, Rama Marg, Najafgarh Road, New Delhi – 110015, India
Tel. No.:	91-11-25459706-7-8/41427427-8-9
Mobile No :	91-9350582049 (Mr. Ashish Morya)
Fax No.:	91-11-25459709/25436264
E-Mail :	secretariat@kljindia.com delhi@kljindia.com
Website :	www.kljindia.com
Factory 1 :	Plot No. 759, GIDC Estate, Jhagadia – 393110, District Bharuch, Gujarat, India
Tel No.:	91-2645-226046/226047/226048
Fax No.:	91-2645-226043
Email:	klj_organic@yahoo.com
Factory 2 :	Plot No. 760, GIDC Estate, Jhagadia, District: Bharuch, Gujarat, India
Branch Office (Mumbai) :	Hubtown Solaris, 403/404, 4^th Foor, N S Phadke Marg, Near Andheri East, West Flyover, Andheri East, Mumbai – 400069, Maharashtra, India
Tel No.:	91-22-61830000-100
Fax No.:	91-22-26244009
E-Mail :	mumbai@kljindia.com
Branch Office (Kolkata) :	Shanti Niketan Building, Suite No-22, Ground Floor, 8, Camac Street, Kolkata – 700017, West Bengal, India
Tel No.:	91-33-22823251
Fax No.:	91-33-22823851
E-Mail :	kolkata@kljindia.com
Branch Office (Chennai) :	Silvassa Plast, No.11, 2^nd Floor, Rosy Towers, Nungabakkam Main Road, Nungabakkam, Chennai – 600039, Tamilnadu, India
Tel No.:	91-44-32000814-15
Fax No.:	91-44-45008589
E-Mail :	chennai@kljindia.com
Sales Offices (Real Estate Division) :	KLJ Complex, 70/B -39, Shivaji Marg, New Delhi – 110015, India
Tel. No.:	91-11-49207373
Fax No.:	91-11-49207370
Branch Office :	Located At: · Mumbai · Kolkata · Chennai
Overseas Office :	Located At: · Thailand

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Pushp Jain

Designation :

Managing Director

Address :

6B/9, Near Old Rajinder Nagar, New Delhi – 110060, India

Date of Birth/Age :

27.03.1975

Qualification :

B. E.

Date of Appointment :

29.09.2011

PAN No.:

AALPJ2611D

DIN No.:

00033289

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201DL2006PTC144845	HA BUILDWELL PRIVATE LIMITED	30/09/2015	-
U45200DL2008PTC173709	HH BUILDTECH PRIVATE LIMITED	30/09/2015	-
U45400DL2007PTC167418	CADILLAC INFRASTRUCTURE PRIVATE LIMITED	27/08/2007	-

Name :

Mr. Shanti Lal Dugar

Designation :

Director

Address :

3/104, 2^nd Floor, Ramesh Nagar, New Delhi – 110015, India

Date of Birth/Age :

16.07.1978

Qualification :

CA

Date of Appointment :

29.09.2011

DIN No.:

03441727

Name :

Mr. Virendra Kumar Singhi

Designation :

Director

Address :

K -71, Kirti Nagar, New Delhi – 110015, India

Date of Birth/Age :

02.10.1964

Date of Appointment :

30.09.1997

DIN No.:

00028824

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74140DL1949PTC001672	VIRMANI INDUSTRIES PRIVATE LTD	13/12/2002	-
U45201DL2005PTC143434	SHV BUILDWELL PRIVATE LIMITED	08/12/2005	-
U45201DL2005PTC143435	HVS BUILDWELL PRIVATE LIMITED	08/12/2005	-
U45200DL2008PTC173580	PK INFRACON PRIVATE LIMITED	30/09/2009	-
U74999DL2009PTC191454	KOYO LIFT SYSTEMS INDIA PRIVATE LIMITED	22/06/2009	-
U51909WB2007PTC117842	PRAGATI IMPTRADE PRIVATE LIMITED	25/02/2011	-
U70100DL2017PTC318700	SADHOK REAL ESTATE PRIVATE LIMITED	24/07/2017	-

Name :

Ms. Neetu Jain

Designation :

Director

Address :

6B/9, Old Rajendra Nagar, New Delhi – 110060, India

Date of Appointment :

29.09.2015

DIN No.:

00440484

Name :

Mr. Chander Shekhar Garge

Designation :

Director

Address :

H.No.302, Samvad Apartment,, Alfa-1, Greater Noida, Greater Noida – 203207, Uttar Pradesh, India

Date of Appointment :

31.03.2015

DIN No.:

07145894

Name :

Mr. Dalam Chand Baid

Designation :

Director

Address :

A1/161, A-1 Block, Paschim Vihar, New Delhi – 110063, India

Date of Appointment :

31.03.2015

DIN No.:

07143949

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Kanhaiya Lal Jain	775000
Hemant Jain	496000
V L Sood	250
Sushila Patawari	625000
Mangi Lal Sethia	250
Kamal Jain	396000
Pushp Jain	633500
Kanhaiyalal Jain and Sons HUF	396000
KLJ Polymers and Chemicals Limited, India	282000
Kinetic Impex Limited, India	396000
Total	4000000

Equity Share Break up (Percentage of Total Equity)

AS ON 27.09.2017

Category	Percentage
Promoters [Individual/Hindu Undivided Family (Indian)]	83.04
Public/Other than promoters [Individual/Hindu Undivided Family (Indian)]	0.01
Public/Other than promoters [Body corporate]	16.95
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the manufacturing and selling of secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate and Tri Phenyl Phosphate and its bye products. [Registered Activity]

Products / Services :

Name and Description of main products / services	ITC Code
Chlorinated Paraffin Wax	27122010

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS (AS ON 31.03.2014)

Particulars	Unit	Installed Capacity	Actual Production
CPW	MT/PA	80000	65562
TTP/TCP	MT/MA	2400	315
HCL Bye Product	MT	--	89221

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Banker Name :	State Bank of India
Branch :	Commercial Branch, N-3 South Extension Part-I, New Delhi – 110048, India
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

· HDFC Bank Limited, E-13/29, 2^nd Floor, Harsha Bhavan, Middle Circle, Connaught Place, New Delhi – 110001, India

Facilities :

SECURED LOANS	31.03.2016 INR In Million	31.03.2015 INR In Million
LONG TERM BORROWINGS
Rupee term loans from banks	242.100	0.000
SHORT TERM BORROWINGS
Other loans and advances	121.425	98.159
Total	363.525	98.159

Auditors :
Name :	NJG and Company Chartered Accountants
Address :	708, New Delhi House, 27, Barakhamba Road, New Delhi – 110001, India
PAN No.:	AAEFN8137H
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company :	· KLJ Organic (Thailand) Limited
Associates :	· K L J Polymers and Chemicals Limited · Bhadani Financers Private Limited · KLJ Plasticizers Limited · KLJ Resources Limited · Prithvi Sound Products Company Private Limited · Kinetic Impex Limited · HH Buildtech Private Limited · Hamlog Traders Private Limited · Ashulok Traders Private Limited · KLJ Organic (Qatar WLL)

CAPITAL STRUCTURE

AS ON 27.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
4500000	Equity Shares	INR 10/- each	INR 45.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	INR 10/- each	INR 40.000 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	40.000	40.000	40.000
(b) Reserves & Surplus	1337.841	1245.397	1117.733
(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)	1377.841	1285.397	1157.733
(3) Non-Current Liabilities
(a) Long-term borrowings	242.100	0.000	1.344
(b) Deferred tax liabilities (Net)	10.236	8.555	9.637
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	8.921	7.390	5.112
Total Non-current Liabilities (3)	261.257	15.945	16.093
(4) Current Liabilities
(a) Short term borrowings	123.526	98.159	284.893
(b) Trade payables	373.810	709.516	586.130
(c) Other current liabilities	208.395	93.663	71.311
(d) Short-term provisions	125.724	105.127	59.556
Total Current Liabilities (4)	831.455	1006.465	1001.890
TOTAL	2470.553	2307.807	2175.716
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	238.301	219.121	245.197
(ii) Intangible Assets	3.360	6.720	10.159
(iii) Capital work-in-progress	554.314	38.138	0.000
(iv) Intangible assets under development	0.000	0.000	3.300
(b) Non-current Investments	201.631	201.631	211.631
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	348.375	285.511	161.721
Total Non-Current Assets	1345.981	751.121	632.008
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	541.048	631.294	838.222
(c) Trade receivables	306.391	341.072	489.969
(d) Cash and cash equivalents	49.181	68.750	61.349
(e) Short-term loans and advances	227.952	515.570	154.168
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1124.572	1556.686	1543.708
TOTAL	2470.553	2307.807	2175.716

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	3106.388	3775.333	3774.495
	Other Income	60.526	58.576	41.576
	TOTAL	3166.914	3833.909	3816.071
Less	EXPENSES
	Cost of Materials Consumed	2539.601	3166.193	3377.935
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	12.981	38.912	(26.328)
	Employee benefit expense	77.877	68.409	58.637
	Other expenses	329.065	303.001	284.671
	TOTAL	2959.524	3576.515	3694.915
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	207.390	257.394	121.156
Less	FINANCIAL EXPENSES	28.949	27.043	34.292
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	178.441	230.351	86.864
Less	DEPRECIATION/ AMORTISATION	35.581	38.938	36.804
	PROFIT/ (LOSS) BEFORE TAX	142.860	191.413	50.060
Less	TAX	50.417	63.749	18.486
	PROFIT/ (LOSS) AFTER TAX	92.443	127.664	31.574
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	383.060	1271.085	1165.428
	TOTAL EARNINGS	383.060	1271.085	1165.428
	IMPORTS
	Raw Materials	8.136	2141.605	1505.861
	TOTAL IMPORTS	8.136	2141.605	1505.861
	Earnings / (Loss) Per Share (INR)	23.11	31.92	7.89

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	0.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	297.698	263.038	292.126
Net cash flows from (used in) operating activities	248.962	198.206	257.332

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	36.00	32.97	47.38
Account Receivables Turnover (Income / Sundry Debtors)	10.14	11.07	7.70
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	53.73	81.79	63.33
Inventory Turnover (Operating Income / Inventories)	0.38	0.41	0.14
Asset Turnover (Operating Income / Net Fixed Assets)	0.26	0.98	0.47

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.43	0.44	0.46
Debt Equity Ratio (Total Liability / Networth)	0.27	0.08	0.25
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.60	0.78	0.87
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.58	0.21	0.22
Interest Coverage Ratio (PBIT / Financial Charges)	7.16	9.52	3.53

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
PAT to Sales ((PAT / Sales) * 100)	%	2.98	3.38	0.84
Return on Total Assets ((PAT / Total Assets) * 100)	%	3.74	5.53	1.45
Return on Investment (ROI) ((PAT / Networth) * 100)	%	6.71	9.93	2.73

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.35	1.55	1.54
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.70	0.92	0.70
G-Score Ratio Financial (Networth / Total Assets)	0.56	0.56	0.53
G-Score Ratio Debt (Debts / Equity Capital)	9.14	2.45	7.16
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.35	1.55	1.54

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	40.000	40.000	40.000
Reserves & Surplus	1117.733	1245.397	1337.841
Net worth	1157.733	1285.397	1377.841
Long-term borrowings	1.344	0.000	242.100
Short term borrowings	284.893	98.159	123.526
Total borrowings	286.237	98.159	365.626
Debt/Equity ratio	0.247	0.076	0.265

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	3774.495	3775.333	3106.388
		0.022	(17.719)

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	3774.495	3775.333	3106.388
Profit/ (Loss)	31.574	127.664	92.443
	0.84 %	3.38 %	2.98 %

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	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	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	No
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 [AS ON 2016]:

The company is a public limited company, having two manufacturing units domiciled in India, incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of secondary plasticizer, Chlorinated Paraffin and Tri Cresyl Phosphate and Tri Phenyl Phosphate and its bye products. The company has also taken initiative to manufacture Benzyl Products and the said project is under progress. The company caters to both domestic as well as international markets.

STATE OF AFFAIRS OF THE COMPANY [AS ON 2016]:

The company was incorporated on 03.05.1995 as a closely held public limited company and certificate of Commencement of Business was issued on 19.05.1995. The financial year 2015-16 is the twenty first year of operations of the Company.

The company is a Company of KLJ Group of Industries which has attained the status of single largest manufacturing plant of Chlorinated Paraffin in the world.

The company has improved the quality of Chlorinated Paraffin to suite the end users. Also, based on the availability of Paraffin, several new grades of Chlorinated Paraffin has been introduced to market successfully, viz. F1, AD1 grades etc. with the expansion.

During the year, the company also has focused on various environmental improvements programs. In this context, capacity of HCL scrubbing system has been improved significantly by expanding the absorption capacity.

On RandD side, the company has developed new grades of paraffin and successfully introduced in the market.

They are capable of offering technology to convert Paraffin into Chlorinated Paraffin and Chlorinated Paraffin Wax. They already have a plant and are offering technology to others.

A strong research base is their strength. Dedicated team of technocrats is always at work for new developments, with a view to enhance customer satisfaction. A proactive approach and customer feedback is our thrust to develop new grades and technical advancement to meet the specific requirements through strong Research and Development so that need based solutions are available to the customers.

Continuous improvements in the quality of products are visible particularly in terms of color, heat stability and volatile loss of their Chlorinated Paraffin.

Their focus always is on schedule deliveries to customer. Their sales offices are situated in all major cities all over India. They believe in strong ethics; customer is our prime objective.

There has been no change in the nature of the business of the company during the financial year ended 31st March, 2016. 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 LOANS:

PARTICULARS	31.03.2016 INR In Million	31.03.2015 INR In Million
SHORT TERM BORROWINGS
Loans and advances from related parties	2.101	0.000
Total	2.101	0.000

INDEX OF CHARGES:

S No	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	C74176231	10609466	HDFC BANK LIMITED	16/11/2015	-	-	450000000.0	E-13/29, 2ND FLOOR, HARSHA BHAVAN, MIDDLE CIRCLE,CONNAUGHT PLACE, NEW DELHINEW DELHIDL110001IN
2	G17207770	10014186	STATE BANK OF INDIA	09/06/2006	23/09/2016	-	1370000000.0	COMMERCIAL BRANCHN-3, SOUTH EXTENSION-INEW DELHIDL110049IN
3	G39774252	10404506	STATE BANK OF INDIA	30/01/2013	-	28/03/2017	2396300000.0	COMMERCIAL BRANCHN-3 SOUTH EXTENSION PART-INEW DELHIDL110048IN
4	B79507091	90043133	SBI	07/07/2001	04/07/2003	01/07/2013	42500000.0	COMMERCIAL BRANCHNARAINANEW DELHIDLIN
5	A01824788	80005699	STATE BANK OF INDIA	28/08/2001	-	30/06/2006	0.0	COMMERCIAL BRANCHNARAINANEW DELHIDL110028IN
6	A01824598	90043178	STATE BANK OF INDIA	28/08/2001	13/07/2002	30/03/2006	0.0	COMMERCIAL BRANCHNARAINANEW DELHIDLIN

FIXED ASSETS:

Tangible assets

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office equipment

Intangible assets

· Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

No 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 64.53
UK Pound	1	INR 90.13
Euro	1	INR 79.86

INFORMATION DETAILS

Analysis Done by :	VVK
Report Prepared by :	NKT

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)

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.