MIRA INFORM REPORT

Report No. :	303538
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	LOYLI ENGINEERING PRIVATE LIMITED
Registered Office :	Plot No.-J-136, MIDC, Bhosari, Near Quality Circle, Bhosari-411026, Maharashtra
Country :	India
Financials (as on) :	31.03.2009
Date of Incorporation :	31.05.1984
Com. Reg. No.:	11-033048
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U29299MH1984PTC033048
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of water treatment equipment.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is and established company having moderate track record. Management of the company has failed to file its financial after 2009 with the government department. Mr. Rahul Jigjinni (CEO) has provided us with all information. However, business is active as per the status shown in the registrar of companies. Payment terms are unknown. The company can be considered for business dealings on safe and secured 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Rahul Jigjinni
Designation :	Chief Executive Officer
Contact No.:	91-9371909600
Date :	23.01.2015

LOCATIONS

Registered Office / Factory :	Plot No.-J-136, MIDC, Bhosari, Near Quality Circle, Bhosari-411026, Maharashtra, India
Tel. No.:	91-20-27130534
Mobile No.:	91-9371909600 (Mr. Rahul Jigjinni)
Fax No.:	91-20-27130206
E-Mail :	rahul@loyli.com
Website :	www.loyli.com
Location :	Owned

DIRECTORS

AS ON 25.09.2009

Name :

Mr. Jagdish Chandrasekhar Jigjinni

Designation :

Managing Director

Address :

182, Pawan Mahatma Co-Op. Society, Kothrud, Pune-411029, Maharashtra, India

Date of Birth/Age :

29.09.1954

Date of Appointment :

13.10.1984

DIN No.:

01800452

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	U29299MH1984PTC033048	LOYLI ENGINEERING PRIVATE LIMITED	Managing director	13/10/1984	13/10/1984	-	Active	YES
2	U73100PN2013PTC148060	Innovative Blue Technologies (India) Private Limited	Director	10/07/2013	10/07/2013	-	Active	NO

Name :

Ms. Meenakshi Jagdish Jigjinni

Designation :

Director

Address :

182, Pawan Mahatma Co-Op. Society, Kothrud, Pune-411029, Maharashtra, India

Date of Birth/Age :

26.11.1962

Date of Appointment :

01.12.1996

DIN No.:

01801582

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	U29299MH1984PTC033048	LOYLI ENGINEERING PRIVATE LIMITED	Director	01/12/1996	01/12/1996	-	Active	YES

KEY EXECUTIVES

Name :	Mr. Rahul Jigjinni
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2009

Name of Shareholders	No. of Shares	%age
Jagdish Chandrasekhar Jigjinni	810	81.00
Meenakshi Jagdish Jigjinni	190	19.00
TOTAL	1,000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 25.09.2009

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of water treatment equipment.
Products :	Pressure Vessels Heat Exchanger Air Receiver Process Vessels Flash Vessels Storage Tanks Vertical Tanks Horizontal Tanks Tyre Mounted Mobile Tanks Under Ground Horizontal Tanks
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, Advance
Purchasing :	Cash, Advance

PRODUCTION STATUS - NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

--

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

--

No. of Employees :

20 (Approximately)

Bankers :

Bank Name	Saraswat Co-Operative Bank Limited
Branch	Dahanukar Branch
Person Name (With Designation)	Deshpande (Deputy Manager )
Contact Number	91-20-25462500
Name of Account Holder	Loyli Engineering Private Limited
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	10 Years
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Fixed Deposit / Over Draft – Rs. 22.000 Millions
Account Operation	Satisfactory
Remarks (If any)	Having satisfactory trade record in banking transaction.

· State Bank of India, Bautddhan Branch

Facilities :

Not Available

Banking Relations :
Auditors :
Name :	L F Karnavat and Company Chartered Accountants
Address :	24, Laxminagar Commercial Complex, Shahu College Road, Pune-411009, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACDPK5398J
Memberships :	--
Collaborators :	--
Sister Concern :	· Loyli Technologies · Ancra Engineering Works · Chaitraa Engineers · Summit Engineering

CAPITAL STRUCTURE

AS ON 31.03.2009

Authorised Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.369	2.172	1.245
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2.469	2.272	1.345
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES
TOTAL		2.469	2.272	1.345
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.458	0.979	1.060
Capital work-in-progress		0.095	0.109	0.810
INVESTMENT		0.003	0.003	0.003
DEFERREX TAX ASSETS		0.000	0.040	0.030
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	8.188	1.446	4.731
	Cash & Bank Balances	1.321	1.909	1.687
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.438	0.439	1.334
Total Current Assets		9.947	3.794	7.752
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	9.894	2.298	7.584
	Other Current Liabilities	0.840	0.000	0.000
	Provisions	0.300	0.355	0.726
Total Current Liabilities		11.034	2.653	8.310
Net Current Assets		(1.087)	1.141	(0.558)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2.469	2.272	1.345

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2008	31.03.2007
	SALES
		Income	18.133	15.014
		Other Income
		TOTAL	18.133	15.014
Less	EXPENSES
		Manufacturing and Other Operating Expenses	14.077	13.264
		Administrative Expenses	1.794	1.594
		(Increase) Decrease in Stock	0.701	(0.769)
		TOTAL	16.572	14.089
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1.561	0.925
Less/ Add	DEPRECIATION/ AMORTISATION		0.180	0.175
	PROFIT/ (LOSS) BEFORE TAX		1.381	0.750
Less	TAX		0.464	0.300
	PROFIT/ (LOSS) AFTER TAX		0.917	0.450
Add	Deferred Tax		0.010	0.018
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.245	0.777
	BALANCE CARRIED TO THE B/S		2.172	1.245
	Earnings / (Loss) Per Share (Rs.)		917.00	450.00

Particulars	31.03.2014	31.03.2013
Sales Turnover (Approximately)	9.000	8.000

The above information has been parted by Mrs. Rahul Jigjinni

KEY RATIOS

PARTICULARS		31.03.2009	31.03.2008	31.03.2007
Net Profit Margin (PAT / Sales)	(%)	NA	NA	NA
Operating Profit Margin (PBIDT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	NA	28.29	7.79
Return on Investment (ROI) (PBT/Networth)		NA	0.61	0.56
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.90	1.43	0.93

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2007	31.03.2008	31.03.2009
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	1.245	2.172	2.369
Net worth	1.345	2.272	2.469
Secured Loan	0.000	0.000	0.000
Unsecured Loan	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2007	31.03.2008
	(INR in Mlns)	(INR in Mlns)
Total Income	15.014	18.133
		20.774

NET PROFIT MARGIN

Net Profit Margin	31.03.2007	31.03.2008
	(INR)	(INR)
Total Income	15.014	18.133
Profit	0.450	0.917
	3.00%	5.06%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two 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	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
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	No
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	No

NOTE

Registered office of the company has been shifted from 182, Pawan Mahatma Society, Kothrud, Pune-411029, Maharashtra, India to the present address.

INDEX OF CHARGES - NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

· Air Condition

· Building

· Computer, Printer

· Electric Installation

· Fax Telephone Mobile

· Furniture

· Honda Dio

· Honda Unico

· Lease Land

· Maruti Alto

· Plant and Machinery

· Scooter

· Tata Sierra

· Swift Red 8643

· Tal Machine

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.13
UK Pound	1	Rs.95.77
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RSM
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.