MIRA INFORM REPORT

Report Date :

22.02.2013

IDENTIFICATION DETAILS

Name :	LLOYD INSULATIONS (INDIA) LIMITED
Registered Office :	M-13, Connaught Place, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.06.1977
Com. Reg. No.:	55-008629
Capital Investment / Paid-up Capital :	Rs. 30.000 Millions
CIN No.: [Company Identification No.]	U74210DL1977PLC008629
TAN No.: [Tax Deduction & Collection Account No.]	MUML04371D
PAN No.: [Permanent Account No.]	AAACL0486E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Marketing of Ceramic Fibre Products, Rigid Polyurethane Foam Sandwich Panels, Rigid Polyurethane Foam Slaps, Pipe Sections, Pipe Supports and other products and Isothane Products.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 8800000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	A+ (Term Loan)
Rating Explanation	Having adequate degree of safety regarding timely secured of financial obligation. It carry moderate credit risk.
Date	September 2011

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 31-03-2012.

LOCATIONS

Registered Office :	M-13, Connaught Place, New Delhi – 110 001, India
Tel. No.:	91-11-23416111 / 23416378 / 23323621 / 23324599 / 23324696 / 51517245 / 2643047 / 6430746 / 0747 / 41517245
Fax No.:	91-11-23724134 / 23416255 / 26467259 / 30882894
E-Mail :	lloyd@del2.vsnl.net.in
Website :	http://www.lloydinsulation.com http://www.lloydindia.com
Branch Office :	Located at: · Angul · Bangalore · Barauni · Bamer · Baroda · Bhatinda · Bhilai · Bhubaneswar · Bina · Chandigarh · Chennai · Cochin · Durgapur · Guwahati · Haldia · Hyderabad · Jamnagar · Jamshedpur · Kanpur · Kolkata · Kota · Lucknow · Mangalore · Mathura · Mumbai · Panipat · Pata · Pune · Raipur · Rourekela · Surat · Visakhapatnam
Regional Offices :	CONTRACT / SALES / TECHNICAL AND MARKETING DIVISION 386, Veer Savarkar Marg, Prabhadevi, Mumbai - 400 025, Maharashtra, India Tel. 91-22-24304367/4876/2317/24301722/0007 Fax. 91-22-24376858 / 3557 E-Mail. lloyd@giasbm01.vsnl.net.in CONTRACT DIVISION 6, Middleton Street, Kolkata - 700 071, West Bengal, India Tel. 91-33-22401606 / 22475479 Fax. 91-33-22402629 E Mail : lloyd@cal2.vsnl.net.in CONTRACT / SALES / TECHNICAL AND MARKETING DIVISION 5-A, Haddows Lane, II Floor, Off Haddows Road, Nungambakkam, Chennai - 600 006, Tamilnadu, India Tel. 91-44-28273753/5506/28267964/7953/28278418/9724 Fax 91-44-28279728 / 827972 E Mail : lloyds@md3.vsnl.net.in PRODUCTS / CONTRACTS / AUXILIARIES / TECHNICAL AND MARKETING DIVISION Post Box No. 4321, Punj Sons Premises, 2, Kalkaji Industrial Area, New Delhi - 110 019, India Tel. 91-11-30882900 / 2901 / 2902 / 2903 / 2904 / 2905 / 2906 Fax. 91-11-30882894 / 2895 E Mail : lloyd@del2.vsnl.net.in

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Nilender Prakash Punj
Designation :	Chairman and Managing Director
Address :	10, Prithvi Raj Road, New Delhi, NCT of Delhi – 110 011, India
Date of Birth/Age :	02.04.1939
Date of Appointment :	11.12.1986
DIN No.:	00048157

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Managing director	01-04-08	11-12-86	-	Active	NO
2	U74899DL1987PTC027067	DAYAGEN PRIVATE LIMITED	Director	23-02-87	23-02-87	-	Active	NO
3	U74899DL1954PTC002386	PUNJ SONS PRIVATE LIMITED	Director	25-11-89	25-11-89	-	Active	NO
4	U29309DL1971PLC005491	CHAMPION INDUSTRIES LIMITED	Director	10-08-91	10-08-91	-	Active	NO
5	U74899DL1981PTC012150	PUNJSTAR INDUSTRIES PRIVATE LIMITED	Director	10-08-92	10-08-92	-	Active	NO
6	U74899DL1997PLC088218	PUNJ STAR PROPERTIES LIMITED	Director	13-06-97	13-06-97	-	Active	NO
7	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	04-01-05	04-01-05	-	Active	NO
8	U27106DL2006PLC155546	PEB STEEL LLOYD (INDIA) LIMITED	Director	01-11-07	01-11-07	23-10-10	Active	NO
9	U74210DL2011PLC217180	INECO ENGINEERING LIMITED	Director	06-04-11	06-04-11	-	Active	NO

Name :	Mr. Chander Prakash Khanna
Designation :	Managing Director
Address :	2/19, Kalkaji Extn. New Delhi, NCT of Delhi – 110 019, India
Date of Birth/Age :	18.03.1931
Date of Appointment :	10.06.1977
DIN No.:	00059450

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Managing director	01-04-08	10-06-77	Active	NO
2	U74899DL1981PTC011823	LETUL INVESTMENTS PRIVATE LIMITED	Director	15-03-90	15-03-90	Active	NO
3	U29309DL1971PLC005491	CHAMPION INDUSTRIES LIMITED	Director	19-07-91	19-07-91	Active	NO
4	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	04-01-05	04-01-05	Active	NO
5	U74899DL1987PTC030159	NIRMAL FARMS PRIVATE LIMITED	Director	25-01-07	25-01-07	Active	NO

Name :	Mr. Prem Prakash Munjal
Designation :	Managing Director
Address :	41, Sainara Apartment, 17 Cuffee Parade, Mumbai – 400 005, Maharashtra, India
Date of Birth/Age :	27.08.1932
Date of Appointment :	10.06.1977
DIN No.:	00714535

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Managing director	01-04-08	10-06-77	Active	NO
2	U67120MH1989PTC051030	MUNJAL HOLDINGS PRIVATE LIMITED	Director	15-03-89	15-03-89	Active	NO
3	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	04-01-05	04-01-05	Active	NO

Name :	Mr. Narasimha Murti Srinivas
Designation :	Whole time Director
Address :	1-Tarangini Apartment, Prabhadevi, Mumbai – 400 025, Maharashtra, India
Date of Birth/Age :	19.06.1940
Date of Appointment :	04.11.1991
DIN No.:	00714589

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Whole-time director	01-04-08	04-11-91	Active	NO
2	U74900DL1965PLC004350	PIBCO LIMITED	Director	10-04-95	10-04-95	Active	NO
3	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	Active	NO

Name :	Mr. Vineet Prakash Munjal
Designation :	Whole time Director
Address :	5 Anu Sai Villa, Third Floor, No. 8, Cresent Street, ABM Avenue, R A Puram, Chennai – 600 025, Tamilnadu, India
Date of Birth/Age :	30.09.1961
Date of Appointment :	30.06.1993
DIN No.:	00933303

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U67120MH1989PTC051030	MUNJAL HOLDINGS PRIVATE LIMITED	Director	15-03-89	15-03-89	Active	NO
2	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Whole-time director	01-04-08	30-06-93	Active	NO
3	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	Active	NO

Name :	Mr. Mohit Khanna
Designation :	Whole Time Director
Address :	7/15 Kalkaji Extn. New Delhi, NCT of Delhi – 110 019, India
Date of Birth/Age :	23.08.1960
Date of Appointment :	30.06.1993
DIN No.:	00059431

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1987PTC030159	NIRMAL FARMS PRIVATE LIMITED	Director	20-01-88	20-01-88	-	Active	NO
2	U74899DL1987PTC029093	SUPERTECH (INDIA) PRIVATE LIMITED	Additional director	22-02-90	22-02-90	21-04-08	Active	NO
3	U74899DL1981PTC011823	LETUL INVESTMENTS PRIVATE LIMITED	Director	21-03-90	21-03-90	-	Active	NO
4	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Whole-time director	01-04-08	30-06-93	-	Active	NO
5	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	-	Active	NO
6	U27106DL2006PLC155546	PEB STEEL LLOYD (INDIA) LIMITED	Director	15-11-06	15-11-06	-	Active	NO

Name :	Mr. Gautam Punj
Designation :	Director
Address :	10- Prithvi Raj Road, New Delhi, NCT Of Delhi – 110 011, India
Date of Birth/Age :	08.01.1974
Date of Appointment :	19.04.2003
DIN No.:	00048225

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1981PTC012150	PUNJSTAR INDUSTRIES PRIVATE LIMITED	Director	10-08-92	10-08-92	-	Active	NO
2	U74899DL1997PLC088218	PUNJ STAR PROPERTIES LIMITED	Director	13-06-97	13-06-97	-	Active	NO
3	U34300DL1997PLC089072	T AND T MOTORS LIMITED	Director	19-05-98	19-05-98	-	Active	NO
4	U74899DL2000PTC108838	PUNJ STAR INFOTECH PRIVATE LIMITED	Director	12-12-00	12-12-00	-	Active	NO
5	U74899DL1981PTC012088	SUBHAVAN INVESTMENT PRIVATE LIMITED	Director	01-06-01	01-06-01	-	Active	NO
6	U74899DL1981PTC012089	NITAM INVESTMENTS PRIVATE LIMITED	Director	01-06-01	01-06-01	-	Active	NO
7	U74899DL1992PTC050533	COSMO CAPITAL AND INVESTMENT PRIVATE LIMITED	Director	01-06-01	01-06-01	-	Active	NO
8	L31400GJ1972PLC002091	PANASONIC ENERGY INDIA COMPANY LIMITED	Director	30-01-02	30-01-02	-	Active	NO
9	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Whole-time director	01-04-08	19-04-03	-	Active	NO
10	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	-	Active	NO
11	U27106DL2006PLC155546	PEB STEEL LLOYD (INDIA) LIMITED	Director	15-11-06	15-11-06	23-10-10	Active	NO
12	U40101DL2010PTC201386	DYAUS POWER COMPANY PRIVATE LIMITED	Director	09-04-10	09-04-10	-	Active	NO
13	U74210DL2011PLC217180	INECO ENGINEERING LIMITED	Director	06-04-11	06-04-11	-	Active	NO

Name :	Mr. Venkat Raman Mohan
Designation :	Director
Address :	3, Plot No. 46, Waman, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India
Date of Birth/Age :	06.05.1951
Date of Appointment :	07.08.1991
DIN No.:	00071517

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29309DL1971PLC005491	CHAMPION INDUSTRIES LIMITED	Director	19-07-91	19-07-91	-	Active	NO
2	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Director	07-08-91	07-08-91	-	Active	NO
3	U74899DL1981PTC012085	ASAL INVESTMENTS PRIVATE LIMITED	Director	28-03-95	28-03-95	05-12-11	Dormant	NO
4	U74899DL1954PTC002386	PUNJ SONS PRIVATE LIMITED	Director	28-03-95	28-03-95	-	Active	NO
5	U74899DL1991PTC043890	MULLER INVESTMENTS PRIVATE LIMITED	Director	28-03-95	28-03-95	-	Active	NO
6	U74899DL1981PTC012087	CORNELIA INVESTMENTS PRIVATE LIMITED	Director	28-03-95	28-03-95	-	Active	NO
7	U74899DL1981PTC011822	GAUDER INVESTMENTS PRIVATE LIMITED	Director	28-03-95	28-03-95	-	Active	NO
8	U74899DL1992PTC050533	COSMO CAPITAL AND INVESTMENT PRIVATE LIMITED	Director	28-03-95	28-03-95	-	Active	NO
9	U31909HR1980PLC010226	QH TALBROS LIMITED	Director	26-06-00	26-06-00	-	Active	NO
10	U74300MH1989PTC050786	LINTAS INITIATIVE OUTDOOR ADVERTISING PRIVATE LIMITED	Director	21-07-00	21-07-00	31-10-11	Active	NO
11	U32200MH1951PTC008682	LAKHANPAL PRIVATE LIMITED	Director	26-07-01	26-07-01	-	Active	NO
12	U24100MH1978PTC020565	BEC INDUSTRIAL INVESTMENT COMPANY PRIVATE LIMITED	Director	30-03-02	30-03-02	-	Active	NO
13	L29199HR1956PLC033107	TALBROS AUTOMOTIVE COMPONENTS LIMITED	Director	31-01-04	31-01-04	-	Active	NO
14	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	-	Active	NO
15	L70100MH1986PLC038511	VASCON ENGINEERS LIMITED	Director	11-06-07	06-03-07	-	Active	NO
16	U50300MH2007PTC170176	SUPER SARA AUTO TRADINGS ( INDIA ) PRIVATE LIMITED	Director	20-04-07	20-04-07	-	Active	NO
17	U74140MH2008PTC181734	VSA FINANCIAL CONSULTING AND ADVISORY PRIVATE LIMITED	Director	29-04-08	29-04-08	-	Strike off	NO

Name :	Mrs. Gita Punj
Designation :	Director
Address :	10- Prithvi Raj Road, New Delhi, NCT Of Delhi – 110 011, India
Date of Birth/Age :	15.04.1948
Date of Appointment :	31.07.1990
DIN No.:	00048203

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U32200MH1951PTC008682	LAKHANPAL PRIVATE LIMITED	Director	30-12-85	30-12-85	Active	NO
2	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Director	31-07-90	31-07-90	Active	NO
3	U74899DL1997PLC088218	PUNJ STAR PROPERTIES LIMITED	Director	13-06-97	13-06-97	Active	NO
4	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	Active	NO
5	U74210DL2011PLC217180	INECO ENGINEERING LIMITED	Director	06-04-11	06-04-11	Active	NO

Name :	Mrs. Gauri Punj
Designation :	Director
Address :	10- Prithvi Raj Road, New Delhi, NCT Of Delhi – 110 011, India
Date of Birth/Age :	25.02.1972
Date of Appointment :	11.12.1991
DIN No.:	01450615

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Director	11-12-91	11-12-91	Active	NO
2	U74899DL1981PTC012150	PUNJSTAR INDUSTRIES PRIVATE LIMITED	Director	10-08-92	10-08-92	Active	NO
3	U72300DL2007PTC170806	MINDTECH COMPUSOFT PRIVATE LIMITED	Director	19-09-09	28-02-09	Active	NO

Name :	Mrs. Gayatri Punj
Designation :	Director
Address :	10- Prithvi Raj Road, New Delhi, NCT Of Delhi – 110 011, India
Date of Birth/Age :	06.06.1978
Date of Appointment :	19.04.2003
DIN No.:	01171133

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1981PTC012088	SUBHAVAN INVESTMENT PRIVATE LIMITED	Director	01-06-01	01-06-01	24-12-08	Active	NO
2	U74899DL1981PTC012089	NITAM INVESTMENTS PRIVATE LIMITED	Director	01-06-01	01-06-01	24-12-08	Active	NO
3	U74899DL1992PTC050533	COSMO CAPITAL AND INVESTMENT PRIVATE LIMITED	Director	01-06-01	01-06-01	24-12-08	Active	NO
4	U74210DL1977PLC008629	LLOYD INSULATIONS (INDIA) LIMITED	Director	19-04-03	19-04-03	-	Active	NO
5	U24119DL2005PLC131798	ISOLLOYD ENGINEERING TECHNOLOGIES LIMITED	Director	28-03-05	28-03-05	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dinesh Kumar Lakshmi Sah
Designation :	Secretary
Address :	Flat No. 7, Pocket – A, Sector – 17, Dwarka, New Delhi – 110 075, India
Date of Birth/Age :	03.10.1972
Date of Appointment :	02.02.2009
Pan No.:	AJFPK7973C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Ravishivam Investments Private Limited Punjsons Premises, Kalkji Industrial Area, Kalkaji, New Delhi-110019, India	4782
Radita Investments Private Limited Punjsons Premises, Kalkji Industrial Area, Kalkaji, New Delhi-110019, India	4784
Sumaya Investments Private Limited Punjsons Premises, Kalkji Industrial Area, Kalkaji, New Delhi-110019, India	4784
Fibre Glass Private Limited Punjsons Premises, Kalkji Industrial Area, Kalkaji, New Delhi-110019, India	40
Pushpanjali Holdings Private Limited Punjsons Premises, Post Box No.2, Kalkji Industrial Area, Kalkaji, New Delhi-110019, India	13630
Cosmo Capital and Investments Private Limited M-13, Connaught Place, New Delhi-110001, India	52577
Subhavan Investments Private Limited M-13, Connaught Place, New Delhi-110001, India	52568
Nitam Investments Private Limited M-13, Connaught Place, New Delhi-110001, India	52568
Gaunder Investments Private Limited M-13, Connaught Place, New Delhi-110001, India	35
Chander Prakash Khanna 2/19, Kalkaji Extension New Delhi, NCT of Delhi – 110 019, India	3264
Nirmal Chander Khanna 2/19, Kalkaji Extn. New Delhi, NCT of Delhi – 110 019, India	16319
Mohit Chander Khann 7/15, Kalkaji Extension, New Delhi-110019, India	12631
Monica Rohit Khanna 2/19, Kalkaji Extension New Delhi, NCT of Delhi – 110 019, India	4145
Pranav Rohit Khanna 2/19, Kalkaji Extension New Delhi, NCT of Delhi – 110 019, India	4145
Praniti Rohit Khanna 2/19, Kalkaji Extension New Delhi, NCT of Delhi – 110 019, India	4145
Puneet Chander Khanna 2/19, Kalkaji Extension New Delhi, NCT of Delhi – 110 019, India	12467
Prem Prakash Munjal 41, Sainara Apartment, 17 Cuffee Parade, Mumbai – 400 005, Maharashtra, India	8568
Meena Prem Munjal 41, Sainara Apartment, 17 Cuffee Parade, Mumbai – 400 005, Maharashtra, India	31414
Vineet Prakash Munjal 41, Sainara Apartment, 17 Cuffee Parade, Mumbai – 400 005, Maharashtra, India	8567
Suneet Prakash Munjal 41, Sainara Apartment, 17 Cuffee Parade, Mumbai – 400 005, Maharashtra, India	8567
TOTAL	300000

AS ON 30.09.2010

Equity Shares Break Up	Percentage
Bodies corporate	61.92
Directors or relatives of Directors	38.08
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Marketing of Ceramic Fibre Products, Rigid Polyurethane Foam Sandwich Panels, Rigid Polyurethane Foam Slaps, Pipe Sections, Pipe Supports and other products and Isothane Products.

Products :

Product Discription	ITC Code
Polyurethane Product	390960
Ceramic Fibre	6807-00
Rockwool Product	680719

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Ceramic Fibre Products	MT	2500	2500	1618
Rigid Polyurethane Foam Sandwich Panels	M2	1640000	1640000	404909*
Rigid Polyurethane Foam Slabs, Pipe	M3	312000	12000	4086
Prefabricated buildings, doors of iron and steel	Nos.	6000	600	75
Shape and section of steel sheetings	M2	3000000	3000000	190671
Insulated beams, PVC strip curtain	RMT	5300	53000	--
Insulated Panels (Rockwool Composite)	M2	650000	650000	1985
Isothane Products	MT	1500	1500	47

* This includes 42764 M2 (109248 M2) approximately sent as complete Prefabricated Buildings.  

GENERAL INFORMATION

Customers :

· MW  Kellogg

· Lurgi

· Fluor Daniel

· ABB Lummus

· Bechtel

· Du Pont

· Stone and Webster

· Toyo Engineering

· Mitsui

· Mitsubishi Heavy Industries

· Kvaerner Corpn.

· Chemtech

· Daelim

· Haldar Topsoe

· Snam Progetti

· Linde

· L'Air Liquide

· KTI

· BF Goodrich

No. of Employees :

Not Divulged

Bankers :

· State Bank of India, Industrial Finance Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, Stc Building, 14^th Floor, New Delhi-110001, India

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda-390015, Gujarat, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	221.645	301.903
Working capital loans secured
Working capital loans banks secured	300.155	215.051
Loans taken for fixed assets secured
Loans taken for vehicles secured	10.049	9.650
Loans taken for other fixed assets secured	4.231	5.570
Total	536.080	532.174
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans unsecured
Rupee term loans banks unsecured	37.660	0.000
Total	37.660	0.000

Banking Relations :	--
Auditors :
Name :	Suresh C Mathur And Company Chartered Accountant
Address :	64 Regal Building, Connaught Place, New Delhi - 110001
Pan. No.:	AAAFS4173N
Joint Venture :	Peb Steel Lloyd (India) Limited CIN No.:- U27106DL2006PLC155546
Subsidiaries :	Isolloyd Engineering Technologies Limited CIN No.:- U24119DL2005PLC131798
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Champion Industries Limited CIN No.:- U29309DL1971PLC005491 Supertech (India ) Private Limited CIN No.:- U74899DL1987PTC029093

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000000	Equity Shares	Rs.100/- each	Rs. 20000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.100/- each	Rs. 30.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		30.000	30.000	30.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2182.258	1943.376	1669.513
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2212.258	1973.376	1699.513
LOAN FUNDS
1] Secured Loans		536.080	532.174	522.852
2] Unsecured Loans		37.660	0.000	0.000
TOTAL BORROWING		573.740	532.174	522.852
DEFERRED TAX LIABILITIES		2.963	0.000	0.000
TOTAL		2788.961	2505.550	2222.365
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		682.072	637.430	641.981
Capital work-in-progress		0.000	12.545	0.000
INVESTMENT		246.290	146.172	146.173
DEFERREX TAX ASSETS		0.000	7.381	1.945
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	358.528	334.461	313.846
	Sundry Debtors	3052.747	2852.866	2410.122
	Cash & Bank Balances	630.491	610.791	414.524
	Other Current Assets	213.539	0.000	0.000
	Loans & Advances	685.865	659.666	522.526
Total Current Assets		4941.170	4457.784	3661.018
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2992.561	2518.307	1980.780
	Other Current Liabilities	7.491	144.826	166.272
	Provisions	80.519	92.629	81.700
Total Current Liabilities		3080.571	2755.762	2228.752
Net Current Assets		1860.599	1702.022	1432.266
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2788.961	2505.550	2222.365

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	8596.125	7812.193	7829.819
		Other Income	66.237	73.519	69.337
		TOTAL (A)	8662.362	7885.712	7899.156
Less	EXPENSES
		Consumption Materials Changes Inventories	2990.691	2986.022	2486.802
		Manufacturing Service Cost	177.489	173.773	0.000
		Contract Costs	4133.904	3439.051	4132.088
		Employee Related Expenses	470.201	409.164	0.000
		Administrative, Selling and Other Expenses	293.792	254.101	607.929
		TOTAL (B)	8066.077	7262.111	7226.819
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		596.285	623.601	672.337
Less	FINANCIAL EXPENSES (D)		57.929	60.171	42.694
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		538.356	563.430	629.643
Less/ Add	DEPRECIATION/ AMORTISATION (F)		94.262	90.443	67.550
	PROFIT BEFORE TAX (E-F) (G)		444.094	472.987	562.093
Less	TAX (H)		170.344	166.567	181.431
	PROFIT AFTER TAX (G-H) (I)		273.750	306.420	380.662
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.001	0.001	0.001
Add	INCOME TAX REFUND OF EALIER YEARS		0.000	0.000	3.593
Less	APPROPRIATIONS
		Transfer to General Reserve	238.883	273.863	349.156
		Dividend	30.000	30.000	30.000
		Tax on Dividend	4.867	2.557	5.099
	BALANCE CARRIED TO THE B/S		0.001	0.001	0.001
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	459.869	42.508	24.297
	TOTAL EARNINGS		459.869	42.508	24.297
	IMPORTS
		Raw Materials	NA	235.426	249.819
		Stores & Spares	NA	248.248	193.540
		Capital Goods	NA	25.749	44.316
	TOTAL IMPORTS		NA	509.423	487.675
	Earnings Per Share (Rs.)		902.54	1021.09	1268.87

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.16	3.89	4.82
Net Profit Margin (PBT/Sales)	(%)	5.17	6.05	7.18
Return on Total Assets (PBT/Total Assets}	(%)	7.90	9.27	13.06
Return on Investment (ROI) (PBT/Networth)		0.20	0.24	0.33
Debt Equity Ratio (Total Liability/Networth)		1.65	1.67	1.62
Current Ratio (Current Asset/Current Liability)		1.60	1.62	1.64

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions of the firm	Yes
4. Premises details	No
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	Yes
8. No. of Employees	No
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	-----
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	No
18. Major customers	Yes
19. Payments terms	No
20. Export / Import details	Yes
21. Market information	------
22. Litigations that the firm / promoter involved	------
23. Banking Details	Yes
24. Banking facility details	Yes
25. Conduct of the banking account	------
26. Buyer visit details	------
27. Financials, if provided	Yes
28. Incorporation details, if applicable	Yes
29. Last accounts filed at ROC	Yes
30. Major Shareholders, if available	Yes
31. Date of Birth of Proprietor/Partner/Director, if available	Yes
32. PAN of Proprietor/Partner/Director, if available	No
33. Voter ID No of Proprietor/Partner/Director, if available	No
34. External Agency Rating, if available	Yes

FORM 8

Corporate identity number of the company	U74210DL1977PLC008629
Name of the company	LLOYD INSULATIONS (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	M-13, Connaught Place, New Delhi – 110 001, India
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda-390015, Gujarat, India
Nature of instrument creating charge	Deed of Hypothecation
Date of instrument Creating the charge	15.05.2012
Amount secured by the charge	Rs. 750.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per credit arrangement letter dated 6th March 2012 Terms of repayment on demand Margin As per credit arrangement letter dated 6th March 2012 Extent and operation of the charge First Charge on all current assets of the company ranking pari passu with other participating banks. Second charge on all fixed assets of the company including factory land and building on pari passu terms with other participating banks.
Short particulars of the property charged (Including location of the property)	As per deed of hypothecation dated 15.05.2012

FIXED ASSETS

· Land

· Building

· Furniture and Fixtures

· Plant and Machinery

· Office Equipments

· Vehicles

· Computers

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No 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	Indian Rupees
US Dollar	1	Rs.54.48
UK Pound	1	Rs.82.71
Euro	1	Rs.72.23

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.