INFORMATION MEMORANDUM OF KANCHI … memorandum of kanchi karpooram limited for listing of -...

INFORMATION

MEMORANDUM OF

KANCHI KARPOORAM

LIMITED

FOR LISTING OF -

41,42,200 EQUITY

SHARES OF RS. 10/-

EACH FULLY PAID UP

TABLE OF CONTENTS

SR. NO. PARTICULARS PAGE NO.

I Definitions, Abbreviations and Industry Related Terms 1

II Certain Conventions, Use Of Market Data 3

III Forward - Looking Statements 4

IV Risk Factors 5

V General Information 6

VI Capital Structure 7

VII Share Holding Pattern 9

VIII Company, Management & Project 22

IX The Company And Other Listed Companies Under The Same Management

25

X Outstanding Litigation and Material Developments 26

XI Management perception of Risk Factor 26

XII Other General Information 26

XIII Financial Information 28

XIV Material Documents For Inspection 31

XV Declaration 31

- 1 -

I. DEFINITIONS, ABBREVIATIONS AND INDUSTRY RELATED TERMS

Act / Companies Act Companies Act, 1956 including amendments thereto and operational sections of Companies Act 2013 including amendments thereto, if any, from time to time

AGM Annual General Meeting

Articles/ Articles of Association

Articles of Association of Kanchi Karpooram Limited

Auditors The Statutory Auditors Kanchi Karpooram Limited

Board of Directors / Board / Directors

The Board of Directors of Kanchi Karpooram Limited

BSE Bombay Stock Exchange Limited

CDSL Central Depository Services (India) Limited

Company Kanchi Karpooram Limited

Depository Act The Depositories Act, 1996 as amended from time to time

Depository A Depository registered with SEBI under the SEBI (Depositories &Participants) Regulations, 1996 as amended from time to time.

EPS Earnings per equity share

Equity Shares Equity shares of the Company of Rs.10/- each unless otherwise specified in the context thereof

Equity Shareholders Equity Shareholders of the Company

FEMA Foreign Exchange Management Act, 1999 read with rules and regulations there under and amendments thereto.

Financial year/fiscal/ F.Y. The twelve months ended March 31 of a particular year, unless otherwise stated

FI Financial Institution

- 2 -

FII Foreign Institutional Investor(s) registered with SEBI under applicable laws.

HUF Hindu Undivided Family

Information Memorandum This document as filed with the Stock Exchanges is known as and referred to as the Information Memorandum

India Republic Of India

I.T. Act The Income-tax Act, 1961, as amended from time to time, except as stated otherwise

MCA Ministry of Company Affairs

Memorandum/Memorandum of Association

The Memorandum of Association of Kanchi Karpooram Limited

NAV Net Asset Value

NBFC Non-Banking Finance Company

NR Non Resident

NRI(s) Non Resident Indian

NSDL National Securities Depository Limited

NSE National Stock Exchange of India Limited

P/E Ratio Price -Earning Ratio

PAT Profit After Tax

RBI Reserve Bank of India

ROC Registrar of Companies

Rupees or Rs. Indian Rupees, the legal Indian Currency of Republic of India

SEBI The Securities and Exchange Board of India constituted under the SEBI Act, 1992.

SEBI Act Securities and Exchange Board of India Act, 1992, as amended from time to time.

- 3 -

SEBI Regulations or Guidelines

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 including any amendment thereto and guidelines, circulars, instructions and clarifications issued by SEBI from time to time.

Share Certificate(s) Equity Share Certificate(s) of Kanchi Karpooram Limited

Stock Exchange BSE

Wealth –Tax Act The Wealth Tax Act, 1957 and amendments thereto

II. CERTAIN CONVENTIONS, USE OF MARKET DATA

Unless stated otherwise, the financial data in this Information Memorandum is derived from our financial statements. Our last financial year commences on April 1, 2013 and ended on March 31, 2014. In this Information Memorandum, any discrepancies in any table between the total and the sums of the amounts listed are due to rounding off. For definitions, please see the section titled “Definitions, Abbreviations and Industry Related Terms.” All references to “India” contained in this information Memorandum are to the Republic of India. All references to “Rupees” or “Rs.” are to the Indian Rupees, the legal currency of the Republic of India. Unless otherwise stated, industry data used throughout this Information Memorandum has been obtained from industry publications. Industry publications generally state that the information contained in those publications has been obtained from sources believed to be reliable but that their accuracy and completeness is not guaranteed and their reliability cannot be assured. Although we believe that industry data used in this Information Memorandum is reliable, it has not been independently verified. The information included in this Information Memorandum about the various other companies is based on their respective Annual Reports and information made available by the respective companies.

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III. FORWARD - LOOKING STATEMENTS

We have included statements in this Information Memorandum, which may contain words or phrases such as “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions, that are “forward looking statements”. All forward looking statements including the one that describe our objectives, plans or goals are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward looking statements. Important factors that could cause actual results to differ materially from our expectations include, among others: General economic and business conditions in India and other countries; Regulatory changes and our ability to respond to them; Our ability to successfully implement our strategy, our growth and expansion plans and

technological changes; Changes in the value of the Rupee and other currency changes; Changes in Indian or international interest rates; Changes in political conditions in India; Changes in the foreign exchange control regulations in India. Our exposure to market risks, general economic and political conditions in India, which have

an impact on our business activities or investments; The monetary and fiscal policies of India, inflation, deflation, unanticipated turbulence in

interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally;

Changes in domestic and foreign laws, regulations and taxes and changes in competition in our industry.

For further discussion of factors that could cause our actual results to differ, see the section titled “Risk Factors” of this Information Memorandum. By their nature, certain risk disclosures are only estimates and could be materially different from what actually occurs in the future. As a result, actual future gains or losses could materially differ from those that have been estimated. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date hereof or to reflect the occurrence of underlying events, even if the underlying assumptions do not fruition.

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IV. RISK FACTORS

Introduction This is only a summary. Investors should read the following summary with the Risk Factors mentioned and the more detailed information about us and our financial statements included elsewhere in this Information Memorandum. Unless specified or quantified in the relevant risk factors below, we are not in a position to quantify the financial or other implication of any of the risks described in this section. The numbering of the risk factors has been done to facilitate ease of reading and reference and does not in any manner indicate the importance of one risk over another. An investment in equity shares involves a high degree of risk. You should consider carefully all of the following information in this Information Memorandum, including the risks and uncertainties described below. If any of the following risks actually occur, our business, financial condition and results of operations could suffer, the trading price of our Equity Shares could decline, and you may lose all or part of your investment. RISK FACTORS General risks: The main raw materials for manufacturing Camphor are imported and hence subject to foreign exchange fluctuations. Abnormal exchange variations may have adverse effect of the profits of the Company. Operational risks: The major raw material is distilled from tree produce and hence subject to weather conditions and other natural calamities. The raw material’s cost depends on supply and demand gap because of wide range of useage of raw material. Financial risks The Company’s business involves procurement of raw materials in the right time which warrants working capital. The Company has conscious approach to risks in terms of procurement of raw materials at competitive rates keeping in mind the availability of finance. Regulatory and Legal risks The Company is exposed to environmental regulations. The Company has adequate system and controls to mitigate various risks. Risk management: The Company’s risk management is based on various risks and proper risks assessment and strategic measures by continuous monitoring the procedural establishment for this purpose which are in line with normal industrial practice.

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V. GENERAL INFORMATION History:Incorporated in the year 1992, Kanchi Karpooram Limited (KKL)a Public Limited Company manufactures Camphor, its derivatives, Gum rosin, Value Added Resins and Fortified Rosin.

Kanchi Karpooram Limited is in this arena for more than two decade with a proven track record for quality, competitive price and timely supply of its products. The main product is Camphor which has been well accepted in the market. Besides Camphor and its Derivatives, Kanchi Karpooram Limited’s other products such as Gum rosin and Rosin Derivatives, also enjoy an enviable share in the market.

Main Object: 1. To manufacture, produce, refine, process, formulate, buy, sell, export, import or

otherwise deal in Karpooram (Camphor). 2. To carry on the business of chemists, druggists, importers and manufactures of and

dealers in pharamaceutical, medical, chemical drugs and dealers in chemical, surgical and scientific apparatus and materials

Present Business: Same as above Other Info:

Name of Company KANCHI KARPOORAM LIMITED

Registered Office Address Parandur road, ennathur village, karaipettai post, Kanchipuram – 631 552

Administrative Office Address No.1, Barnaby Avenue, Barnaby Road, Kilpauk, Chennai – 600 010

Telephone & Fax No. 044-26401914/15/16/17 & 044-26401919

E Mail ID [email protected]

Website www.kanchikarpooram.com

Date of Incorporation of Company 31.01.1992

CIN of the Company L30006TN1992PLC022109

Scrip Code of BSE

ISIN of the Company INE081G01019

Name of Regional Stock Exchanges where the Shares of Company are Listed

Madras, Delhi and Ahmadabad Stock Exchanges

Name of Other Stock Exchanges where the Shares of Company are Listed

-

Name & Address of Auditors of the Company R.Subramaniam & Co. No.6, Krishnaswamy Avenue, Luz Mylapore, Chennai – 600 004

mailto:[email protected]

- 7 -

VI. CAPITAL STRUCTURE OF THE COMPANY

Authorized Capital of the Company 5,00,00,000

Paid Up Capital of the Company 4,14,22,000

Issued & Subscribed Capital of the Company 4,14,22,000

Face Value of Equity Share 10

Details of outstanding convertible instruments including warrants pending conversion

-

NOTES: If Shares are issued under Bonus: 1. NIL Shares out of the Issued, subscribed and paid up share capital were allotted as

bonus Shares by capitalisation of Reserves. Capital evolution to be shown under capital structure including shares issued for cash, consideration other than cash, whether issued at premium or discount, shares forfeited etc.

Date of Issue

No. of shares issued

For Cash

Or For

Other than Cash

Issue Price (Rs.)

Face Value

(Rs.)

Premium /

Discount (if any)

(Rs.)

Type of Issue (IPO/FPO/

Preferential Issue/

Scheme/ Bonus/ Rights,

etc.)

Cumulative capital (No of shares)

Whether listed, if

not listed, give

reasons thereof

31.12.1992 700 For Cash

10/- 10/- NA Subscribers in Memorandum and Articles of

Association

700 Yes, listed

03.07.1995 2271500 For Cash

10/- 10/- NA Promoters, Friends &

Relatives of promoters

2272200

06.11.1995 1870000 For Cash

10/- 10/- NA Public Issue 41422000

- 8 -

Share Capital Reconciliation

Equity Shares As on Date 30th September 2014

Nos Amount Nos Amount

Opening Balance 41,42,200 4,14,22,000 41,42,200 4,14,22,000

Issued during the period 0 0 0 0

Closing Balance 41,42,200 4,14,22,000 41,42,200 4,14,22,000

List of Top 10 shareholders of the Company:

Sr. No. Name of the Shareholder No. of Shares Held Percentage of Total Capital (%)

1. SHEELA B DASWANI 118400 2.85

2. BETALA GLOBAL SECURITIES LIMITED

90000 2.17

3. JITHENDRA KUMAR ROOPCHAND 50600 1.22

4. JAIKISHAN MIRCHANDANI 40000 0.96

5. HITESH KUMAR S SHAH 39200 0.94

6. BANK OF INDIA A/C. BOI MUTUAL FUND

33300 0.80

7. MILAN R.PAREKH 31800 0.76

8. BLUE CIRCLE SERVICIES LTD 31000 0.74

9. ASHUTOSH SARAF 30000 0.72

10. BISWA NATH PATRA 30000 0.72

- 9 -

VII. SHAREHOLDING PATTERN OF THE COMPANY

Shares held by Promoters & Promoter Group & Percentage of Paid-up Capital

17,50,900, 42.27% of total share capital of the company

Shares held by Public & Percentage of Paid-up Capital

23,91,300 57.73% of total share capital of the company

No. of Shareholders as on 30th September 2014

(Public Shareholders -3500)

No. & Percentage of Shares in Dematerialized Form

46.49% as on 31st September 2014

16.64% of Public Shareholding

QUARTER ENDING SHAREHOLDING PATTERN AS ON : 31-Mar-2014

CATEGORY OF SHARE HOLDER NO.OF

HOLDERS

TOTAL NO.OF

SHARES

SHARES IN

DEMAT

TOTAL SHAREHOLDING AS A PERCENTAGE OF

TOTAL NUMBER OF SHARES

SHARES PLEDGED OR OTHERWISE

ENCUMBERED

(I) (II) (III) (IV) (V) AS A % OF (A+B) (VI)

AS A % OF

(A+B+C) (VII)

Number of

shares (VIII)

As a percentage

(IX)= (VIII)/(IV)*100

A SHAREHOLDING OF PROMOTER AND~PROMOTER GROUP

1 INDIAN

a INDIVIDUALS/HINDU UNDIVIDED~FAMILY

18 1750900 1527850 42.2698 42.2698 0 0

b CENTRAL GOVERNMENT/~STATE GOVERNMENT(S)

0 0 0 0 0 0 0

c BODIES CORPORATE 0 0 0 0 0 0 0

d FINANCIAL INSTITUTIONS/~BANKS 0 0 0 0 0 0 0

e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 18 1750900 1527850 42.2698 42.2698 0 0

2 FOREIGN

a INDIVIDUALS (NON-~RESIDENT INDIVIDUALS/~FOREIGN INDIVIDUALS)

0 0 0 0 0 0 0

b BODIES CORPORATE 0 0 0 0 0 0 0

c INSTITUTIONS 0 0 0 0 0 0 0

d QUALIFIED FOREIGN INVESTOR 0 0 0 0 0 0 0

e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 0 0 0 0 0 0 0

TOTAL SHARE HOLDING OF PROMOTER AND PROMOTER

18 1750900 1527850 42.2698 42.2698 0 0

- 10 -

B PUBLIC SHAREHOLDING

1 INSTITUTIONS

a MUTUAL FUNDS/UTI 2 35200 0 0.8498 0.8498 0 0

b FINANCIAL INSTITUTIONS/~BANKS 0 0 0 0 0 0 0

c CENTRAL GOVERNMENT/~STATE GOVERNMENT(S)

0 0 0 0 0 0 0

d VENTURE CAPITAL FUNDS 0 0 0 0 0 0 0

e INSURANCE COMPANIES 0 0 0 0 0 0 0

f FOREIGN INSTITUTIONAL~INVESTORS 0 0 0 0 0 0 0

g FOREIGN VENTURE~CAPITAL INVESTORS

0 0 0 0 0 0 0

h QUALIFIED FOREIGN INVESTOR 0 0 0 0 0 0 0

i Stressed Assets Stabilisation Fund 0 0 0 0 0 0 0

SUB - TOTAL 2 35200 0 0.8498 0.8498 0 0

2 NON-INSTITUTIONS

a BODIES CORPORATE 13 134340 11640 3.2432 3.2432 0 0

b INDIVIDUAL SHAREHOLDERS~HOLDING NOMINAL SHARE CAPITAL~UPTO RS. 1 LAKH

3451 1447260 193660 34.9394 34.9394 0 0

b

INDIVIDUAL SHAREHOLDERS~HOLDING NOMINAL SHARE CAPITAL~IN EXCESS OF RS. 1 LAKH

13 398100 63200 9.6108 9.6108 0 0

c QUALIFIED FOREIGN INVESTOR 0 0 0 0 0 0 0

d HINDU UNDIVIDED FAMILIES 3 8900 8900 0.2149 0.2149 0 0

d NON RESIDENT INDIANS 48 367500 40700 8.8721 8.8721 0 0

d TRUSTS 0 0 0 0 0 0 0

SUB - TOTAL 3528 2356100 318100 56.8804 56.8804 0 0

TOTAL PUBLIC SHAREHOLDING (B) = (B)(1)+(B)(2)

3530 2391300 318100 57.7302 57.7302 0 0

TOTAL (A)+(B) 3548 4142200 1845950 100 100 0 0

C SHARES HELD BY~CUSTODIANS AND AGAINST~WHICH DEPOSITORY RECEIPTS~HAVE BEEN ISSUED

Promoter and Promoter Group 0 0 0 0 0 0 0

Public 0 0 0 0 0 0 0

TOTAL (A)+(B)+(C) 3548 4142200 1845950 100 0 0

- 11 -

Annexure to Clause 35

PROMOTERS AS ON 31.03.2014

SLNO FOLIO/DPID NAME OF HOLDERS SHARES PERCENTAGE

1 1 SURESH SHAH 100 0

2 80 VASANTLAL B SHAH 12500 0.3

3 81 JAYASHREE V SHAH 12500 0.3

4 701 SONIYA A 30000 0.72

5 757 SHANTA V JAIN 107600 2.6

6 5332 SURESHSHAH VEERCHAND DSHAH HUF

31950 0.77

7 5335 GOAL V M 28400 0.69

8 12044700 05974427 V M GOAL 108100 2.61

9 12047200 01472421 PUSHPA S JAIN 274500 6.63

10 12047200 01475247 V SURESH 337200 8.14

11 12047200 01475587 KAVITA JAIN 14500 0.35

12 12047200 01813341 VARSHAA GOAL 318400 7.69

13 12047200 01838565 ARUN V SHAH 38500 0.93

14 12047200 01841162 JITENDRA V SHAH 38000 0.92

15 12047200 01843632 LATA A SHAH 89500 2.16

16 12047200 01862229 MADHU J SHAH 66000 1.59

17 12047200 02703509 DIPESH SURESH JAIN 212850 5.14

18 IN301364 10084453 RADHAKRISHNAN K C 30300 0.73

Total 1750900 42.27

MUTUAL FUND AS ON 31.03.2014


1 867 BANK OF INDIA A/C. BOI MUTUAL FUND

33300 0.8

2 868 CREDIT CAPITAL INVST TRUST CO LTD

1900 0.05

Total 35200 0.85

- 12 -

CORPORATE BODY AS ON 31.03.2014


1 770 BETALA GLOBAL SECURITIES LIMITED 90000 2.17

2 874 DAMAN INVESTMENTS & SECURITIES P LT 200 0

3 2991 SHRESHTA CAMPHOR INDUSTRIES 100 0

4 3058 CUPID TRADES & FINANCE LTD 1400 0.03

5 4931 BLUE CIRCLE SERVICIES LTD 31000 0.75

6 12053500 00023193 UNICON SECURITIES PRIVATE LIMITED 100 0

7 13020800 00083641 KOTHARI INTERGROUP LTD. 10 0

8 IN300343 10502394 TIRUPATI FIN-LEASE LIMITED 3000 0.07

9 IN300773 10089356 SWARAJ SHARES AND SECURITIES PVT. LTD.

5400 0.13

10 IN301080 22447918 JALOR FINANCE AND INVESTMENT CO. (P) LTD

2600 0.06

11 IN301151 26511923 DWAR SOFTWARE LTD 230 0.01

12 IN301348 20014130 JAINAM SHARE CONSULTANTS PVT LTD 100 0

13 IN301436 10063797 RELAX APPLIANCES PVT LTD 200 0

Total 134340 3.22

NRI AS ON 31.03.2014

SLNO FOLIO/DPID NAME OF HOLDERS SHARE

S PERCENTAGE

1 815 NALINI J SHAH 5000 0.12

2 816 PINKY DHIREN SHAH 5000 0.12

3 817 JAIDEV DEVNANI 5000 0.12

4 818 BHAGWAN LALWANI 1000 0.02

5 819 PRAVINA J GHAGHADA 10000 0.24

6 820 JAYANTILAL D GHAGHADA 5000 0.12

7 821 KAUSHALYA MANGHNANI 3500 0.08

8 822 MINA AIDASANI 1500 0.04

9 823 MALA RAJIV KOTHARI 5000 0.12

10 824 KISHORE H SACHANANDANI 3000 0.07

11 825 VINOD MANGHNANI 4000 0.1

12 826 RACHNA KEJRIWAL 7500 0.18

13 828 DEVAL JITENDRA SHAH 1000 0.02

14 829 NAGINDAS M NAGODRA 5000 0.12

15 830 GANATRA G R 700 0.02

16 831 VASU PADMANABHAN 2000 0.05

17 832 SHOBHANA TANNA 2500 0.06

18 833 HASMUKHBHAI N PATEL 5000 0.12

19 834 DAKSHESH S PATEL 10000 0.24

20 836 RAKESH SHAH 15000 0.36

- 13 -

21 841 BISWA NATH PATRA 30000 0.72

22 843 NITIN SRINIWAS KOTIAN 5000 0.12

23 844 MOHAN TUKADIA 2500 0.06

24 845 KARA TUKADIA 2500 0.06

25 846 DEVRAM KOTHARI 2500 0.06

26 847 VALLABH TUKADIA 2500 0.06

27 848 HASMUKH KOTECHA 2500 0.06

28 849 BHIMJI SHIYANI 2500 0.06

29 851 NAINESH SHETH 500 0.01

30 852 ASHUTOSH SARAF 30000 0.72

31 853 BEGONA PINO RUIZ 2000 0.05

32 854 NARESH S UTTAM 3500 0.08

33 855 NANDA DEVNANI 10000 0.24

34 856 JAIKISHAN MIRCHANDANI 40000 0.97

35 857 PRABHUDAS RAITHATHA 20000 0.48

36 858 UDAY SINGH 15000 0.36

37 861 ANUSUYA RAJ DHILLON 5000 0.12

38 862 PRADEEPKUMAR P PATEL 30000 0.72

39 863 SUKUMAR SHAH 500 0.01


41 866 ASWIN N MEHTA 4000 0.1

42 IN300271 10000828 VEMPRALA KRISHNAN KANNA 10000 0.24

43 IN300749 10096474 HITEN SHUBHLAL SHANGHAVI 10000 0.24

44 IN300749 10315899 RANJANBALA JAYSUKH PATEL 5000 0.12

45 IN300749 10315903 JAYSUKH MANEKCHAND PATEL 5000 0.12

46 IN300749 10378035 SADHANA CHANDRAKANT PATEL 5000 0.12

47 IN300749 10378210 CHANDRAKANT LILADHAR PATEL 5000 0.12

48 IN302679 40003119 NARESH DWARKADAS CHOTAI 700 0.02

Total 367500 8.83

- 14 -

SHAREHOLDING PATTERN AS ON QUARTER ENDING 30-06-2014


HOLDERS

TOTAL NO.OF

SHARES

SHARES IN

DEMAT

TOTAL SHAREHOLDING AS A PERCENTAGE OF TOTAL NUMBER OF

SHARES


ENCUMBERED

(I) (II) (III) (IV) (V) AS A %

OF (A+B) (VI)

AS A % OF

(A+B+C) (VII)

Number of shares

(VIII)

As a percentage

(IX)= (VIII)/(IV)*100


1 INDIAN


18 1750900 1527850 42.2698 42.2698 0 0


0 0 0 0 0 0 0



e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 18 1750900 1527850 42.2698 42.2698 0 0

2 FOREIGN


0 0 0 0 0 0 0




e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 0 0 0 0 0 0 0


18 1750900 1527850 42.2698 42.2698 0 0


1 INSTITUTIONS




0 0 0 0 0 0 0



f FOREIGN INSTITUTIONAL~INVESTORS

0 0 0 0 0 0 0


0 0 0 0 0 0 0



SUB - TOTAL 2 35200 0 0.8498 0.8498 0 0

2 NON-INSTITUTIONS


- 15 -






4 701 SONIYA A 30000 0.72

5 757 SHANTA V JAIN 107600 2.6

6 5332 SURESHSHAH VEERCHAND DSHAH HUF

31950 0.77

7 5335 GOAL V M 28400 0.69

8 12044700 05974427 V M GOAL 108100 2.61

9 12047200 01472421 PUSHPA S JAIN 274500 6.63

10 12047200 01475247 V SURESH 337200 8.14

11 12047200 01475587 KAVITA JAIN 14500 0.35

12 12047200 01813341 VARSHAA GOAL 318400 7.69

13 12047200 01838565 ARUN V SHAH 38500 0.93

14 12047200 01841162 JITENDRA V SHAH 38000 0.92

15 12047200 01843632 LATA A SHAH 89500 2.16

16 12047200 01862229 MADHU J SHAH 66000 1.59



Total 1750900 42.27

b

INDIVIDUAL SHAREHOLDERS~HOLDING NOMINAL SHARE CAPITAL~UPTO RS. 1 LAKH

3430 1445990 227940 34.9087 34.9087 0 0

b


14 413100 63200 9.973 9.973 0 0




d TRUSTS 0 0 0 0 0 0 0

SUB - TOTAL 3504 2356100 353250 56.8805 56.8805 0 0


3506 2391300 353250 57.7303 57.7303 0 0

TOTAL (A)+(B) 3524 4142200 1881100 100 100 0 0

C

SHARES HELD BY~CUSTODIANS AND AGAINST~WHICH DEPOSITORY RECEIPTS~HAVE BEEN ISSUED


Public 0 0 0 0 0 0 0

TOTAL (A)+(B)+(C) 3524 4142200 1881100 100 0 0

- 16 -



1 867 BANK OF INDIA A/C. BOI MUTUAL

FUND 33300 0.8

2 868 CREDIT CAPITAL INVST TRUST CO LTD 1900 0.05

Total 35200 0.85




2 874 DAMAN INVESTMENTS & SECURITIES P LT

200 0




6 12053500 00023193

UNICON SECURITIES PRIVATE LIMITED 100 0

7 13020800 00083641

KOTHARI INTERGROUP LTD. 10 0

8 IN300343 10502394

TIRUPATI FIN-LEASE LIMITED 3000 0.07

9 IN300773 10089356

SWARAJ SHARES AND SECURITIES PVT. LTD.

5400 0.13

10 IN301080 22447918

JALOR FINANCE AND INVESTMENT CO. (P) LTD

2600 0.06

11 IN301151 24839112

3A FINANCIAL SERVICES LIMITED 700 0.02

12 IN301348 20014130

JAINAM SHARE CONSULTANTS PVT LTD 100 0

13 IN301436 10063797

RELAX APPLIANCES PVT LTD 200 0

Total 134810 3.23

NRI AS ON 30.06.2014


1 815 NALINI J SHAH 5000 0.12









- 17 -






15 830 GANATRA G R 700 0.02





20 836 RAKESH SHAH 15000 0.36






26 854 NARESH S UTTAM 3500 0.08

27 855 NANDA DEVNANI 10000 0.24



30 858 UDAY SINGH 15000 0.36



33 863 SUKUMAR SHAH 500 0.01


35 866 ASWIN N MEHTA 4000 0.1

36 IN300271 10000828 VEMPRALA KRISHNAN KANNA

10000 0.24

37 IN300749 10096474 HITEN SHUBHLAL SHANGHAVI

10000 0.24


39 IN300749 10315903 JAYSUKH MANEKCHAND PATEL

5000 0.12

40 IN300749 10378035 SADHANA CHANDRAKANT PATEL

5000 0.12

41 IN300749 10378210 CHANDRAKANT LILADHAR PATEL

5000 0.12

42 IN302679 40003119 NARESH DWARKADAS CHOTAI

700 0.02

Total 352500 8.47

- 18 -

SHAREHOLDING PATTERN AS ON QUARTER ENDING 30-09-2014


HOLDERS

TOTAL NO.OF

SHARES

SHARES IN

DEMAT

TOTAL SHAREHOLDING AS A PERCENTAGE OF TOTAL NUMBER OF

SHARES


ENCUMBERED

(I) (II) (III) (IV) (V) AS A %

OF (A+B) (VI)

AS A % OF

(A+B+C) (VII)

Number of shares

(VIII)

As a percentage

(IX)= (VIII)/(IV)*100


1 INDIAN


18 1750900 1527850 42.2698 42.2698 0 0


0 0 0 0 0 0 0



e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 18 1750900 1527850 42.2698 42.2698 0 0

2 FOREIGN


0 0 0 0 0 0 0




e Trusts 0 0 0 0 0 0 0

SUB - TOTAL 0 0 0 0 0 0 0


18 1750900 1527850 42.2698 42.2698 0 0


1 INSTITUTIONS




0 0 0 0 0 0 0



f FOREIGN INSTITUTIONAL~INVESTORS

0 0 0 0 0 0 0


0 0 0 0 0 0 0



SUB - TOTAL 2 35200 0 0.8498 0.8498 0 0

2 NON-INSTITUTIONS

- 19 -


b

INDIVIDUAL SHAREHOLDERS~HOLDING NOMINAL SHARE CAPITAL~UPTO RS. 1 LAKH

3404 1432890 244240 34.5924 34.5924 0 0

b


14 414400 79500 10.0043 10.0043 0 0




d TRUSTS 0 0 0 0 0 0 0

SUB - TOTAL 3480 2356100 398050 56.8804 56.8804 0 0


3482 2391300 398050 57.7301 57.7301 0 0

TOTAL (A)+(B) 3500 4142200 1925900 100 100 0 0

C

SHARES HELD BY~CUSTODIANS AND AGAINST~WHICH DEPOSITORY RECEIPTS~HAVE BEEN ISSUED


Public 0 0 0 0 0 0 0

TOTAL (A)+(B)+(C) 3500 4142200 1925900 100 0 0


SLNO FOLIO/DPID NAME OF HOLDERS SHARES PERCENT

AGE




4 701 SONIYA A 30000 0.72

5 757 SHANTA V JAIN 107600 2.6

6 5332 SURESHSHAH VEERCHAND DSHAH HUF 31950 0.77

7 5335 GOAL V M 28400 0.69

8 12044700 05974427 V M GOAL 108100 2.61

9 12047200 01472421 PUSHPA S JAIN 274500 6.63

10 12047200 01475247 V SURESH 337200 8.14

11 12047200 01475587 KAVITA JAIN 14500 0.35

12 12047200 01813341 VARSHAA GOAL 318400 7.69

13 12047200 01838565 ARUN V SHAH 38500 0.93

14 12047200 01841162 JITENDRA V SHAH 38000 0.92

15 12047200 01843632 LATA A SHAH 89500 2.16

16 12047200 01862229 MADHU J SHAH 66000 1.59



Total 1750900 42.27

- 20 -



1 867 BANK OF INDIA A/C. BOI MUTUAL FUND 33300 0.8

2 868 CREDIT CAPITAL INVST TRUST CO LTD 1900 0.05

Total 35200 0.85




2 874 DAMAN INVESTMENTS & SECURITIES P LT

200 0




6 12053500 00023193

UNICON SECURITIES PRIVATE LIMITED 100 0

7 13020800 00083641

KOTHARI INTERGROUP LTD. 10 0

8 IN300343 10502394

TIRUPATI FIN-LEASE LIMITED 3000 0.07

9 IN300773 10089356

SWARAJ SHARES AND SECURITIES PVT. LTD.

5400 0.13

10 IN301080 22447918

JALOR FINANCE AND INVESTMENT CO. (P) LTD

2600 0.06

11 IN301151 24839112

3A FINANCIAL SERVICES LIMITED 700 0.02

12 IN301348 20014130

JAINAM SHARE CONSULTANTS PVT LTD 100 0

13 IN301436 10063797

RELAX APPLIANCES PVT LTD 200 0

14 IN301549 30762744

3 A FINANCIAL SERVICES LTD 1400 0.03

15 IN301740 10392247

CASECADE POWER LIMITED 10400 0.25

Total 146610 3.51

NRI AS ON 30.09.2014


1 815 NALINI J SHAH 5000 0.12








- 21 -







15 830 GANATRA G R 700 0.02





20 836 RAKESH SHAH 15000 0.36






26 854 NARESH S UTTAM 3500 0.08

27 855 NANDA DEVNANI 10000 0.24



30 858 UDAY SINGH 15000 0.36



33 863 SUKUMAR SHAH 500 0.01


35 866 ASWIN N MEHTA 4000 0.1

36 IN300271 10000828 VEMPRALA KRISHNAN KANNA 10000 0.24

37 IN300749 10096474 HITEN SHUBHLAL SHANGHAVI 10000 0.24


39 IN300749 10315903 JAYSUKH MANEKCHAND PATEL 5000 0.12

40 IN300749 10378035 SADHANA CHANDRAKANT PATEL 5000 0.12

41 IN300749 10378210 CHANDRAKANT LILADHAR PATEL 5000 0.12

42 IN302679 40003119 NARESH DWARKADAS CHOTAI 700 0.02

Total 352500 8.47

- 22 -

VIII. COMPANY, MANAGEMENT & PROJECT:

Brief history of the company:

Incorporated in the year 1992, Kanchi Karpooram Limited (KKL)a Public Limited Company manufactures Camphor, its derivatives, Gum rosin, Value Added Resins and Fortified Rosin.

Kanchi Karpooram Limited is in this arena for more than two decade with a proven track record for quality, competitive price and timely supply of its products. The main product is Camphor which has been well accepted in the market. Besides Camphor and its Derivatives, Kanchi Karpooram Limited’s other products such as Gum rosin and Rosin Derivatives, also enjoy an enviable share in the market.

Main Object Of The Company:

1. To manufacture, produce, refine, process, formulate, buy, sell, export, import or otherwise deal in Karpooram (Camphor).

2. To carry on the business of chemists, druggists, importers and manufactures of and dealers in pharamaceutical, medical, chemical drugs and dealers in chemical, surgical and scientific apparatus and materials

Vision / Mission Of The Company:

The Company has a prospective growth plan to be implemented prediocally so that the investors are benefited. Its also committed to total quality management & fair pricing policy.

Business Profile Of The Company:

Kanchi Karpooram Limited has a manufacturing unit in the outskirts of Kancheepuram Town with adequate, modern equipments and machinery for manufacturing 1300 tonnes of Camphor and 3600 tonnes of Gum Rosins per annum.

Kanchi Karpooram Limited’s unit is situated near KANCHEEPURAM just 70 KM from Chennai, on Chennai - Bangalore highway, thus Geographically well connected. Kanchi Karpooram Limited’s turnover is around Rs.5130.66 lakhs and well planned to augment the sales in a phased manner in the years to come.

Kanchi Karpooram Limited has a High Profile technical team to carry out manufacturing activities with quality and quantity awareness.

Kanchi Karpooram Limited has adequate quality control measures manned by qualified and experienced personnel for online process and other quality control checks for incoming raw materials and finished goods. Quality control tests are being carried out meticulously. Kanchi Karpooram Limited laboratory is fully equipped with the latest equipments.

- 23 -

Kanchi Karpooram Limited enjoys the patronage of more than 400 customers for its various products of different volume and size.

Major Events:

Year Event

1992 Incorporation of the Company.

1999 Change in registered office from 8A, Casa Major road, Egmore, Chennai- 600 008 to Prandur Road, Enathur Village, Kanchipuram – 631 552 .

Name & Details Of Subsidiary/ies Of The Company, If Any: Not applicable

Name Of Group / Sub Group Companies Listed On BSE: Not Applicable

Statement of Dividend The declaration and payment of dividends on our Equity Shares will be recommended by the Board of Directors and approved by the shareholders of our Company, at their discretion, and will depend on a number of factors, including but not limited to the profits, cash flows, capital expenditure, capital requirements and overall financial condition. The Board may also from time to time pay interim dividend. Our Company has declared dividend as follows:

Particulars Face Value Per Equity shares

Dividend Paid

Fiscal Year 2014 10 15%


Fiscal Year 2012 10 -








Cash Bonus Shares : Not Applicable Statement containing particulars of the dates of and parties to all material contracts, agreements (including agreements for technical advice and collaboration), concessions and similar other documents (except those entered into in the ordinary course of business carried

- 24 -

Not Applicable Statement containing particulars of any commission, brokerage, discount or other special terms including an option for the issue of any kind of securities granted to any person, if applicable

Not Applicable

Promoters And Their Background:

The Details Of Promoter Are Given Below:

Name Of Promoter Mr.Suresh Shah

Profile Managing Director of the Company, Entire Control is vested on him. His proven sales & procurement experience for more than 4 decades is an asset to the company

Name of promoter K.C.Radhakrishnan

Profile A senior administrative executive with deep knowledge in finance, accounts, office administration, project management, material control, basic legal aspects etc.

Name, Address and occupation of Manger, Managing Director and other directors including nominee-directors, whole time directors (giving their directorships in other

companies)

Sl.No. Name, Address, PAN DIN Designation Date of

Appointment

Other Directorship

Held

1 Name: Suresh Shah 01659809 Managing Director

31.01.1992 NIL

Address: 31/20, Brethapet Road, 1st Floor, Veppery, Chennai- 600007

PAN: AFJPS1298A

2 Name: Arun V Shah 01659930 Whole Time Director

05.10.1994 NIL

Address: 1088, A-Block, Flat No.104,P.H. Road, Chennai - 600 007

PAN: AAEPA4627R

3 Name: Dipesh S Jain 01744884 Whole Time Director

11.11.2005 NIL

Address: 1088, A-Block, Flat No.104,P.H. Road, Chennai - 600 007

PAN: AFJPS1303N

- 25 -

4 Name: S.Srinivasan 05185901 Independent Director

11.11.2005 NIL

Address: 58/9, H Block, Anna Nagar West Extn, Chennai - 600 101

PAN:AAIPS1823M

5 Name: Na Raghu 06736497 Independent Director

20.11.2013 NIL

Address: P.No.18, Suresh Nagar, 1st Main Road, Valasaravakkam, Chennai - 600087

PAN:AACPR9693N

6 Name: K.Venkateswaram 00001899 Independent Director

18.02.2014 NIL

Address: M-5-E, Anugraha colony, 3rd Avenue, Ashok Nagar, Chennai - 600 083

PAN:AAAPV9315P

7

Name: Pushpa S Jain Address: 31/20, Brethapet Road, 1st Floor, Veppery, Chennai- 600007 PAN: AAAVPS8428F

06939054 Non-

executive Director

10.09.2014 NIL

IX. PARTICULARS IN REGARD TO THE COMPANY AND OTHER LISTED COMPANIES UNDER THE SAME MANAGEMENT WITHIN THE MEANING OF SECTION 370(1B) WHICH MADE

ANY CAPITAL DURING THE LAST THREE YEARS:

Name of the Company Not Applicable

Year of Issue

Type of Issue (Public/Rights/Composite)

Amount of Issue

Date of Listing

Rate of dividend paid

- 26 -

X. Outstanding litigation pertaining to:

Matters likely to affect operation and finances of the company including disputed tax liabilities of any nature

Not Applicable

Criminal prosecution launched against the company and the directors for alleged offences under the enactments specified in paragraph 1 of Part I of schedule XIII to the Companies Act, 1956.

Not Applicable

Particulars of default, if any, in meeting statutory dues, institutional dues, and towards instrument holders like debentures, fixed deposits, and arrears on cumulative preference shares, etc. (also give the same particulars about the companies promoted by the same private promoters and listed on stock exchanges)

Not Applicable

Any material development after the date of the latest balance sheet and its impact on performance and prospects of the company.

Not Applicable

XI. MANAGEMENT PERCEPTION OF RISK FACTORS (I.E., SENSITIVITY TO FOREIGN EXCHANGE RATE FLUCTUATIONS, DIFFICULTY IN AVAILABILITY OF RAW MATERIALS OR IN MARKETING OF PRODUCTS, COST/TIME OVERRUN, ETC.)

The Management access such fluctuation carefully and components the risk by hedging, input pricing dillusion etc.

XII. OTHER GENERAL INFORMATION

Change in board of directors for last 3 Years

Change in the auditors during last 3 years:

Name of the Auditor Duration

NA

Year Directors Appointment Resignation

2012 S.Srinivasan 31.01.2012 NA

2013 Na Raghu 20.11.2013 NA

2014 K.Vekateswaran 18.02.2014 NA

2014 Pushpa S Jain 10.09.2014 NA

- 27 -

Compliance Officer of the Company:

Name S.Veeraraghava Narasimhan

Address No.1, Barnabyy Avenue, Barnaby Road, Kilpauk, Chennai – 600 010

Telephone No 044-26401914/15/16

E Mail Id [email protected]

Auditors of the Company

Name R.Subramanian and Company

Address No.6, Krishnaswamy Avenue, Luz, Mylapore, Chennai - 600 004

Telephone No 044-24992261


Bankers of the Company

Name Bank Of India, Chennai Overseas Branch

Address Star House, 3rd Floor, No.30 (Old no.17), Errabalu Street, Chennai - 600 001.

Telephone No 66777474


Registrar & Share Transfer Agent of the Company

Name Cameo Corproate Services Limited

Address Subramanian Building', No.1, Club House Road, Chennai -600 002.

Telephone No 28460390/91/92


Website www.cameoindia.com




http://www.cameoindia.com/

- 28 -

XIII. FINANCIAL INFORMATION

BALANCE SHEET

Sl.No. Particulars As at

31.03.2014 As at

31.03.2013 As at

31.03.2012 As at

31.03.2011 As at

31.03.2010

A EQUITY AND LIABILITIES

1 Shareholder's Fund

a) Share Capital 41422000 41422000 41422000 41422000 41422000

b) Reserves and Surplus 32151793 12380961 6697447 10337880 4885317

73573793 53802961 48119447 51759880 46307317

2 Non-Current Liabilities

a) Long-Term Borrowings 1051600 1020706 303520 286445 1513331

1051600 1020706 303520 286445 1513331

3 Current Liabilities

a) Short Term Borrowings 117805997 115159242 119400435 80522721 47358791

b) Trade Payables 32261244 10803786 50950287 29673332 25509537

c) Other Current Liabilities 21993750 15328562 15772679 20549301 10949372

d) Short-term provisions 16085641 11536200 2033560 8500000 4386217

188146632 152827790 188156961 139245354 88203917

TOTAL 262772025 207651457 236579928 191291679 136024565

B ASSETS

1 Non-Current Assets

a) Fixed assets

i) Tangible assets 27046107 32178688 36655386 40269520 45371342

ii) Intangible Assets 0 8392 22688 36987 51278

b) Deferred Tax Asset (Net) 1185219 -962768 -2880384 -5070983 -8935873

c) Long Term Loans and Advances 1674149 1632422 2037625 521265 0

29905475 32856734 35835315 35756789 36486747

2 Current Assets

a) Inventories 142336936 106829492 115677480 97534336 63619652

b) Trade receivables 44924459 29341406 35367379 29493888 14746463

c) Cash and Bank balances 18587051 16396621 17824367 9567948 5676277

d) Short-term loans and Advances 25573625 20103392 28219774 18144521 15495426

e) Other Current Assets 1444479 2123812 3655613 794197 0

232866550 174794723 200744613 155534890 99537818

TOTAL 262772025 207651457 236579928 191291679 136024565

- 29 -

STATEMENT OF PROFIT AND LOSS ACCOUNT

Sl.No. Particulars 31.03.2014 31.03.2013 31.03.2012 31.03.2011 31.03.2010

1 Revenue from operations (Gross) 635769786 574689799 535781178 419871453 315069067

Less: Excise Duty -69731623 -63085412 -48324009 -37664951 -24414558

Revenue from operations (Net) 566038163 511604387 487457169 382206502 290654509

2 Other Income 1552504 1461501 1736113 1383763 1649219

3 Total Revenue (1+2) 567590667 513065888 489193282 383590265 292303728

4 Expenses:

a) Cost of materials consumed 427453713 368162835 381820090 322663326 209458257

b) Change in inventories of finished goods and work-in-progress

-20246929 7962882 17238390 -27453260 -10388354

c) Employee benefits expense 21737561 19477694 14227105 12054741 18692897

d) Finance Cost 12130968 15640963 14626317 9447130 5927719

e) Depreciation and amortization expenses

12311728 11786872 11326840 11056914 9942783

f) Other Expenses 71257459 69999494 54285572 40696092 35294631

Total Expenses 524644500 493030740 493524314 368464943 268927933

5 Profit/(Loss) before taxation (3-4) 42946167 20035148 -4331032 15125322 23375795

6 Tax Expenses:

a) Current tax 18800000 9000000 1500000 8500000 4200000

b) Reversal of previous year provision no longer required

-745928 0 0 207481 -117511

c) Deferred tax reversal -2147987 -1917616 -2190599 -3864890 9640086

Total Tax expense for the year 15906085 7082384 -690599 4842591 13722575

7 Profit/(Loss) after taxation (5-6) 27040082 12952764 -3640433 10282731 9653220

8 Earnings per equity share:

Weighted average No. of equity shares outstanding during the year

4142200 4142200 4142200 4142200 4142200

a) Basic (Rs.Per Share) 6.53 3.13 -0.88 2.48 2.48

b) Diluted (Rs.Per Share) 6.53 3.13 -0.88 2.48 2.47

- 30 -

CASH FLOW STATEMENT

Sl.No. Particulars 31.03.2014* 31.03.2013* 31.03.2012 31.03.2011 31.03.2010

A CASH FLOW FROM OPERATING ACTIVITIES

Net Profit before tax 42946167 20035148 -4331031 15125322 23375795

Adjustment for:

Depreciation 12311728 11786872 11326840 11056914 9942784

Finance Cost - Interest 12130968 15640963 14626317 9447130 5927719

Interest Income -1400302 -1461501 -957289 -428915 -376444

Unrealised Exchange Variation (Net) -2459954 -1045156 0 0 0

(Profit)/Loss on sale of assets (Net) -152202 267070 32783 5002 81625

Operating Profit/(Loss) before Working Capital Changes

63376405 45223396 20697620 35205453 38951479

Inventories -35507444 8691656 -18143144 -33914684 -27378460

Trade Receivable and Loans & Advances -20439304 15966550 -20326521 -18432331 -9224446

Trade & Other Payable 27642614 -41085061 16933894 13075173 11353126

Interest Paid on Working capital Advance -11211805 -14229567 -14626317 -9447130 -5927719

Direct taxes paid -13352400 -6501672 -8400000 -4407486 -836489

Working Capital Advance 0 0 47563312 39528051 3692325

Cash Generation from operations -52868339 -37158094 3001224 -13598407 -28321663

NET CASH FLOW FROM OERATING ACTIVITIES (A)

10508066 8065302 23698844 21607046 10629816

B CASH FLOW FROM INVESTING ACTIVITIES

Interest Received 1400302 1461501 957289 428915 376444

(Increase)/ Decrease in Fixed deposits 28036 850000 -7775400 -4378745 0

Purchase of Fixed Assets -7417436 -7824853 -7791096 -5964298 -5209461

Sale of Fixed Assets 398884 261905 59905 18500 175000

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-5590214 -5251447 -14549302 -9895628 -4658017

C. CASH FLOW FROM FINANCING ACTIVITIES

Increase/(Decrease) in HP 4754816 -1855405 17075 -724551 130086

Increase/(Decrease) in unsecured loan -919165 -1411396 -8685599 -6364121 -5857599

Payments of Dividend -6213300 0 0 -4142200 0

Dividend Distribution Tax paid -1055950 0 0 -687968 0

NET CASH FLOW FROM FROM FINANCING ACTIVITIES

-3433599 -3266801 -8668524 -11918840 -5727513

NET INCREASE IN CASH AND CASH EQUIVALENTS

1484253 -452946 481018 -207422 244286

Cash and Cash equivalents at the beginning 565420 1018366 527397 734819 5431993

Cash and Cash equivalents at the close 2049673 565420 1008416 527397 5676277

1484253 -452946 481019 -207422 244284

* 31.03.2014 as per new format

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