MIRA INFORM REPORT
|
Report Date : |
12.04.2007 |
IDENTIFICATION DETAILS
|
Name : |
TEMA INDIA LIMITED |
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Formerly Known
As : |
TEMA EXCHANGERS INDIA LIMITED |
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Registered
Office : |
B-205, Arjun Centre, Govandi Station Road, Off Sion
Trombay Road, Deonar, Mumbai - 400 088, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2005 |
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Date of
Incorporation : |
21.12.1984 |
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Com. Reg. No.: |
11-34861 |
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CIN No.: [Company
Identification No.] |
U29192MH1984PLC034861 |
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TAN No.: [Tax Deduction
& Collection Account No.] |
MUMT01057A |
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PAN No.: [Permanent
Account No.] |
AAACT1735C |
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Legal Form : |
A closely held public limited liability company. |
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Line of Business
: |
Manufacturers, producers, fabricators, processors,
distributors and dealers of General Engineering products like Exchangers,
Towers, Drums, Pressures, Storage Vessels, Reaction, Vessels and undertake
the machining of all or any of the above products which the company may
manufacturer, produce or fabricate. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit
Limit : |
USD 1000000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are fair. Business is active. Payments are usually correct
and as per commitments. The company can be considered for
normal business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
B-205, Arjun Centre, Govandi Station Road, Off Sion
Trombay Road, Deonar, Mumbai - 400 088, Maharashtra |
|
Tel. No.: |
91-22-25974583 / 84 |
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Fax No.: |
91-22-25560572 |
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E-Mail : |
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Website : |
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Location : |
Reined |
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Overseas office: |
P. O. Box 2453, Bellaire, TX 77402, USA |
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Tel. No.: |
(713) 660-6740 |
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Fax No.: |
(832) 476-6364 |
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E-Mail : |
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Factory 1 : |
Achhad Village, Talasari Taluka, Dist. Thane 401 606,
Maharashtra |
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Tel. No.: |
91-2521-230061 / 23120 / 21 / 22 |
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Fax No.: |
91-2521-230010 / 098241 / 70066 |
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Location : |
Owned |
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Factory 2 : |
No. 20/1/2, Udhava-Khanvel Road, Kherdi, Silvassa, Dadra
& Nagar Haveli (Union Territory) |
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Tel. No.: |
91-260-26773444/098251/10417 |
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Fax No.: |
91-260-2677348 |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Haresh K. Sippy |
|
Designation : |
Managing Director |
|
Address : |
10, Atur Park, Sion Trombay
Road, Chembur, Mumbai – 400 071, Maharashtra |
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Date of
Birth/Age : |
19.09.1946 |
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Qualification : |
B. E. |
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Experience : |
30 Years |
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Date of
Appointment : |
21.12.1984 |
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Name : |
Mr. Chetan S. Doshi |
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Designation : |
Wholetime Director
|
|
Address : |
7, Golf View Park, A-Soares
Marg, Chembur, Mumbai – 400 071, Maharashtra |
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Date of
Birth/Age : |
07.12.1953 |
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Qualification : |
B. Tech. |
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Experience : |
20 Years |
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Date of
Appointment : |
21.12.1984 |
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|
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Name : |
Mr. Arvind D. Joshi |
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Designation : |
Wholetime Director
|
|
Address : |
SICON Limited, Nirmal
Building, Nariman Point, Mumbai – 400 021, Maharashtra |
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Date of
Birth/Age : |
15.07.1952 |
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Date of Appointment : |
03.05.2002 |
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Date of Resigned : |
19.01.2003 |
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Name : |
Mr. K. Hushiram Sippy |
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Designation : |
Director |
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Address : |
10, Atur Park, Sion-Trambay
Road, Chembur, Mumbai – 400 071, Maharashtra |
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Date of
Appointment : |
15.01.2003 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Haresh K. Sippy &
Family |
|
1209100 |
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Mr. Chetan S. Doshi &
Family |
|
989200 |
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SICOM Limited |
|
100000 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturers, producers, fabricators, processors,
distributors and dealers of General Engineering products like Exchangers,
Towers, Drums, Pressures, Storage Vessels, Reaction, Vessels and undertake
the machining of all or any of the above products which the company may
manufacturer, produce or fabricate. |
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Products : |
·
Heat Exchangers ·
Distillation Columns ·
Reactors ·
Heaters ·
Reboilers ·
Evaporators ·
Coolers ·
Condensers ·
Waste Heat Boilers ·
Economizers ·
Petroleum Refineries ·
Petrochemical and Chemical Plants ·
Fertilizers and Gas Processing Plants ·
High Pressure Exchangers ·
Large Diameter Heat Exchangers ·
Power Sector ·
Other Heat Exchangers
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Exports to : |
USA and France |
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Imports from : |
Western Europe, Korea, Japan and India |
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Terms : |
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Selling : |
Advance Payments (30%) and Cash (70%) terms |
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Purchasing : |
L/C terms |
PRODUCTION STATUS
|
Particulars |
Unit
|
|
Installed
Capacity |
Actual
Production |
|
Achhad Unit |
MT |
|
5000 |
-- |
|
Silvassa – Unit |
MT |
|
4750 |
-- |
|
Achhad Unit - Heat Exchangers |
MT |
|
-- |
576.650 |
|
Achhad
Unit - Export Heat Exchanger |
MT |
|
-- |
271.000 |
|
Silvassa – Unit - Heat
Exchangers |
MT |
|
-- |
1390.530 |
|
Panoli
Unit:
Heat Exchangers |
MT |
|
-- |
144.810 |
GENERAL INFORMATION
|
Suppliers : |
·
M. Taylor Steel PLC, UK ·
Universal Eisen und Stahl GmbH, Germany ·
Fabrique De Fer de Charleroi S. A., Belgium ·
Salzgitter AG Stahl und Technologie, Germany ·
Thyssen Stahl AG, Germany ·
Rautaruukki Oy, Raahe, Finland ·
GTS Industries, France ·
Pressag Handel GmbH, Germany ·
Azovstal Iron and Steel Works, Ukraine ·
Combinatual Siderugic Sidex S. A., Romania ·
Thyssen Stahl AG, Germany ·
Rautaruukki Oy, Raahe, Finland ·
M. Taylor Steel PLC, England U.K. ·
Sumitomo Corporation, Japan ·
Creusot-Loire Industries, France ·
Fabrique De Fer De Charleroi S. A., Belgium ·
M. Taylor Steel PLC, England, UK ·
Universal Eisen Und Stahl GmbH, Germany ·
Dillinger Hutte GTS, Gemany ·
GTS Industries, France ·
M. Taylor Steel PLC, England UK ·
Mitsui Company Limited, Japan ·
Universal Eisen Und Stahl GmbH, Germany ·
Mitsubishi Materials Corporation, Japan ·
Battery Rolled Metals Limited, United Kingdom ·
Carl Schreiber Neunkirchen ·
Krupp VDM GmbH, Germany ·
Mansfelder Kupfer Und Messing GmbH, Germany ·
Avesta Sheffield, Sweden ·
M. Taylor Steel PLC, England UK ·
Sumitomo Metal Industries, Japan ·
Creusot-Loire Industries, France ·
IDL Industries limited, Metal Cladding Division, India ·
The Japan Steel Works Limited, Japan ·
Nobel Explosifs France – Division Nobelclad ·
NKK Corporation, Japan ·
Benteler Aktiengesellschaft, Germany ·
S. C. Silcotub S. A., Romania ·
Tubacex Tubos Inoxidables, S.A., Spain ·
Robur Buizen Fabriek BV., Holland ·
Mahalaxmi Seamless Limited, Mumbai, India ·
Heavy Metal and Tube Private Limited, India ·
Benteler AG, Germany ·
Tubacex Tubos Inoxidables, S. A., Spain ·
Robur Buizen Fabriek BV., Holland ·
Heavy Metal and Tube Private Limited, India ·
AB Sandvik Steel, Sweden ·
Sumitomo Metal Industries, Japan ·
Tubacex Tubos Inoxidables, S.A., Japan ·
Sanyo Special Steel Company Limited, Mumbai, India ·
Choksi Tube Company Limited, Mumbai, India ·
Ratnamani Fine Tubes Private Limited, Ahmedabad, Gujarat,
India ·
Industrial Tube Manufacturers Private Limited, Badlapur,
India ·
Alcobex Metals Limited, Jodhpur, India ·
Suresh Metals and Tubes (Private) Limited ·
DMV Stainless SAS, France ·
Kobe Steel Limited, Japan ·
Titania Spa, Italy ·
Sumitomo Metal Industries, Japan ·
Echjay Industries Limited, India ·
Ringmill, Italy ·
Euskal Forging, S. A. ·
Forge monchieri S.r., Italy ·
Forgiatura Morandini s.r., Italy ·
Steel Trade S.r.l., Italy ·
Fomas India Limited, Chennai, Tamilnadu ·
Echjay Industries Limited, India ·
Ringmill, Italy ·
Euskal Forging, S. A., Spain ·
Forge Monchieri S.r.l., Italy ·
Forgiatura Morandini s.r.l., Italy ·
Hammerschmiede Hans Van Triel GmbH & Company K. G.,
Germany ·
Steel Trade S.r.l., Italy ·
Gova GmbH, Germany ·
Officine Santafede s.r.l. Italy ·
Commercial Supplying Agency, Mumbai, India ·
IGP Engineers Limited, Chennai, Tamilnadu, India ·
Champion Jointings Limited, India ·
Flexitallic Limited, UK ·
Sampson Seals and Gaskets Limited, England ·
Gaskets India (Private) Limited, Chennai, Tamilnadu ·
B. S. A. s.r.l., Italy ·
Hardwin Fasteners Private Limited, Mumbai, India ·
Karelia Engineering Industries. Mumbai, India ·
Syndicate Engineering Industries, Mumbai, India ·
President Engineering Works, Silvassa, India |
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Customers : |
·
Chevron Texaco, Richmond, CA ·
Bharat Petroleum Corporation Limited ·
Chennai Petroleum and Chemicals Limited ·
Cochi Refineries Limited ·
Hindustan Petroleum Corporation Limited ·
Indian Oil Corporation Limited (Various Refineries) ·
Mangalore Refineries and Petrochemicals Limited ·
Reliance Petroleum Limited ·
ONGC – Oil and Natural Gas Commission ·
GAIL – Gas Authority of India Limited ·
OMIFCO (Oman, Middle East) ·
IFFCO, FACT, RCF, SPIC ·
Reliance Industries Limited, IPCL ·
Hindalco Industries Limited ·
Daelim ·
Developmetn Consultants India Limited ·
EIL – Engineers India limited ·
Fluor ·
Jacobs ·
KBR – Kellogg Brown and Root ·
Korting Hannover AG ·
KTI ·
Kvaerner Powergas ·
Larsen & Toubro ·
LGEC & C ·
Marubeni of Japan ·
Ormat Industries of Israel ·
Projects and Development of India Limited ·
Samsung ·
Tata Consulting Engineers ·
Technimont ICB ·
Technip – Coflexip ·
Toshiba of Japan ·
Toyo Engineering ·
UHDE India Limited ·
UOP ·
Alstom Power ·
Ansaldo Energia of Italy ·
Balcke-Durr Energie Techinik GmbH ·
Bellis India Limited (joint venture with Rolls Royce) ·
BSES Limited ·
Ormat Industries of Israel ·
Tata Power ·
Toyo Denki Seozo KK Japan ·
Triveni Engineering |
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No. of Employees
: |
400 |
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Bankers : |
·
ICICI Bank Nariman Point, Mumbai,
Maharashtra (The Company enjoys Credit
Limits facility of Rs. 26.500 millions from its’ bankers) ·
Bank of India Chembur Branch, Chembur Naka, Mumbai - 400 071, Maharashtra |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Rashmi Shah & Company Chartered Accountants 102, Vidya Chambers, 305, Javji Dadaji Marg, Mumbai – 400
007, Maharashtra |
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Tel. No.: |
91-22-23863693 / 23880461 |
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Fax No.: |
91-22-23852515 |
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E-Mail : |
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Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,480,000 |
Equity Shares |
Rs.
10/- each |
Rs.
24.800 millions |
|
20,000 |
13.5% Cumulative Redeemable
Preference Shares |
Rs.
10/- each |
Rs. 0.200 million |
|
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Total
|
|
Rs. 25.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,298,300 |
Equity Shares |
Rs.
10/- each |
Rs.
22.983 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
22.983 |
22.983 |
22.983 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
248.088 |
197.733 |
158.507 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
271.071 |
220.716 |
181.490 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
218.796 |
136.159 |
104.925 |
|
|
2] Unsecured Loans |
70.427 |
40.578 |
52.985 |
|
|
TOTAL BORROWING |
289.223 |
176.737 |
157.910 |
|
|
Deferred Payment Credits |
4.037 |
1.942 |
0.899 |
|
|
DEFERRED TAX LIABILITY |
20.642 |
15.988 |
|
|
|
|
|
|
|
|
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TOTAL |
584.973 |
415.383 |
340.299
|
|
|
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APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net
Block] |
205.636 |
208.548 |
150.494 |
|
|
Capital
work-in-progress |
89.605 |
0.000 |
32.460 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.066 |
0.067 |
0.066 |
|
|
DEFERREX TAX
ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
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|
CURRENT ASSETS,
LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
594.327
|
339.970 |
257.747 |
|
|
Sundry Debtors |
280.366
|
109.410 |
47.887 |
|
|
Cash & Bank
Balances |
86.627
|
51.692 |
13.664 |
|
|
Other Current
Assets |
1.183
|
0.515 |
0.270 |
|
|
Loans &
Advances |
48.363
|
19.229 |
15.958 |
|
Total Current Assets |
1010.866
|
520.816 |
335.526 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current
Liabilities |
678.203
|
293.098 |
178.247 |
|
|
Provisions |
43.450
|
20.950 |
|
|
Total Current Liabilities |
721.653
|
314.048 |
178.247 |
|
|
Net
Current Assets |
289.213
|
206.768 |
157.279 |
|
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES |
0.453 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
584.973 |
415.383 |
340.299
|
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
788.618 |
628.247 |
197.901 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
80.710 |
63.505 |
9.679 |
|
Provision for Taxation |
27.155 |
22.029 |
4.157 |
|
Profit/(Loss) After Tax |
53.555 |
41.475 |
5.522 |
|
|
|
|
|
|
Export Value |
66.830 |
195.711 |
NA |
|
|
|
|
|
|
Import Value |
381.810 |
246.794 |
NA |
|
|
|
|
|
|
Total Expenditure |
707.909 |
564.742 |
269.149 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
6.79
|
6.60 |
2.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.23
|
10.11 |
4.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.63
|
8.71 |
1.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.29 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.73
|
2.22 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.66 |
1.88 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
The name of the company was later changed to present.
The company commenced commercial production from 1st
March, 1992 on expanded portion of its unit located at Village Achhad, Taluka
Talsari, District Thane.
In 1987, Haresh K. Sippy joined hands with Mr. Chetan S.
Doshi and Ms. Khushroo M. Bulsara to set up Tema India Limited starting with a
modest turnover of US$ 100000 and going on to achieve a turnover of US$ 15
millions in the year 1998-99, the company achieved the distinction of becoming
the largest manufacturer of Tema-R range of heat exchangers in the country.
The company was :-
·
One of the largest companies in the design and manufacture
of medium and large sized heat exchangers in India.
·
Two workshops with a combined built-up area of 215000
sq.fts.
·
Capacity – 5000 + tons of Heat Exchangers per annum.
·
During 1998-99, a single project order valued at US$ 13.000
millions (81 heat exchangers in various metallurgies) was successfully
executed.
·
Currently executing US$ 5.000 million order for
Technip-Coflexip, France for a fertilizer plant in the Middle East.
Subject is a project oriented heavy engineering company
supplying critical capital equipments like Heat Exchangers, Pressure Vessels
and Fractionating Columns to Oil Refineries, Fertilizer & Petrochemicals
Plants.
Fixed assets
·
Freehold land
·
Factory building
·
Ownership Flat
·
Plant and machinery
·
Electrical installation
·
Furniture and fixtures
·
Office equipments
·
Computers
·
Vehicles
As Per
Website
Production
Capability :
Fabrication Capacity : Present capacity at Achhad - 3000 tons per
annum. Newly installed capacity at Silvassa - added 3000 tons per annum. There
by the total goes up to 6000 tonnes per annum or US $. 15 million.
Milestones
Single largest
equipment manufactured : Heat Exchanger of 100 tons fabricated weight.
Single largest equipment in terms of value : Heat Exchanger worth Rupees 15
Million.
Maximum design pressure of Heat Exchanger designed and manufactured : 350
Kg/cm2g.
Material
Capabilities
In addition to materials such as Carbon Steel, Alloy Steel and
Stainless Steel, the company's unit has also been processing duplex,
super-duplex, Clad - Steel and exotic materials like :
|
Aluminium Alloys |
Aluminium Bronze |
Chrome - Molybdenum Steel |
Zirconium |
|
Hastelloy |
Incoloy |
Inconel |
Monel |
|
Nickel |
Sanicro |
Titanium |
Cupro - Nickel Alloys |
Specific experience has been acquired in overlay weld deposit
techniques by strip or wire with stainless steel and nickel alloys. The
procedure of weld overlay on tube sheets and gasket seating surfaces of flanges
is combined with strip lining on shells and dished head covers.
Subject's Engineering Department employs highly qualified
engineers who are trained to execute complex design calculations in strict
accordance with International Codes.
Haresh Sippy, the chief founder
of TEMA, was a witness to several developments like the torispherical dished
end being manufactured in the country for the very first time & also the
very first welded air receiver (pressure vessel) made in the country. He
further went on to learn the skills of manufacturing and designing the very
first heat exchanger (after-cooler for compressors) in the country in the year
1967 and later on took an active role in the development of the 'shell and tube
condenser' for a cold storage plant. Later he gained experience in maintenance
work of 'floating head' type shell and tube heat exchangers in petroleum
refineries. In 1972, Mr. Sippy started his own small-scale workshop called Leo
Engineering Works, which manufactured 'Shell & Tube Heat Exchangers'. This
company manufactured heat exchangers & parts thereof for both
Esso as well as Burmah Shell petroleum refineries, now known as Hindustan
Petroleum and Bharat Petroleum respectively. These exchangers, which were made
to TEMA-R specification, were mainly floating head types with Naval Brass tube
sheets and Cu-Ni (70-30) tubes with Monel lining of channels & FTS
covers. Mr. Sippy pioneered the development of Monel weld deposit on CS
tubesheet blanks.
In 1987, Mr. Sippy joined hands with Mr. Chetan Doshi and Mr.
Khushroo Bulsara to set up subject Starting with a modest turnover of US $
100,000 and progressing to achieve a turnover of US $ 15 million in the year
2003-04, Subject is today amongst the largest manufacturers of Tema-R
range of heat exchangers in the country.
From 1968-2004 Mr. Sippy has been involved in producing more than
6000 heat exchangers of various types.
Mr. Sippy's driving force is the result of the strong passion he
has for this product line.
They in subject are the beneficiaries of his insight in this field
and his belief in well-synchronized teamwork. They are guided and motivated to
totally focus their efforts to achieve their targets.
Subject is situated on 10 acres of land right on the
Bombay-Ahmedabad National Highway No.8 thereby making it accessible by road. It
is located 180 kms from Bombay & 20 kms from Vapi (Gujarat). A number of
trains running on the Western Railway halt at Sanjan, Bhilad and Vapi stations,
all of which are close to the factory.
Subject has a built up area of 7,500 sq.m. comprising of two bays.
The first bay has an area of 3,000 sq.m. with a height of 10m feet and the
second bay has an area of 4,500 sq.m.with a height of 15m. One EOT crane of 25
MT covers the first bay and the second EOT crane of 65 MT covers the second
bay.
Subject has put up a similar but more mechanised setup at Silvassa
which is 20 km. away from the present facility, which went into production in
1997 and had recieved shop approvals from all the major consultants and
clients.
Engineering
Subject has a fully computerized office with several
work-stations. They have developed software in-house for design and drafting.
This dedicated software enables their qualified engineers to accomplish complex
design calculations complying strictly to the requisite international codes and
standards.
Their software also generates fabrication drawings to scale and
3-D images of the Exchanger thereby giving us warning of any foul-up/mis-match
in nozzles, RF-Pads and in the dimensions of various components. Thus
submission of drawings and Code-I approval is usually accomplished in few days
They have an experienced team of design engineers to undertake
Thermal and Mechanical design of complex heat exchangers and generate
fabrication drawings to scale along with weights and estimates based on
customer’s specifications. These designs are optimised to arrive at a optimal
size. They have been regularly executing jobs of such complexity for most of
the leading companies in India through all the major Consultants and
Contractors located worldwide. After carrying out the design, the final output
is in an AutoCAD drawing format (DWG) or DWF(Web format).
Subject is also
approved by the following regulatory bodies
Chief
Controller of Explosives, Nagpur (INDIA)
Chief Inspector of Boilers, Maharashtra (INDIA)
Product
Heat
Exchanger
|
Non-Ferrous |
Heat Exchanger |
5-100 M.Tons |
|
S.S. |
Heat Exchanger |
10-100 M.Tons |
|
C.S. |
Heat Exchanger |
15-100 M.Tons |
|
A.S. |
Heat Exchanger |
20-100 M.Tons |
They specialize in High
Pressure heat exchangers with Screw-plug closures used in Hydrocrackers and
Hydrotreaters under the guarantees of ‘Struthers Industries, Inc., USA’.
HiPrHx for Chennai
Petroleum hydrocracker with Chevron technology. Weight - 135 Tons (Each)
Screw-Plug
(Breech-Lock)
Helixchanger
Temaindia produced the
largest and the most complicated “HELIXCHANGER” in the country and amongst the
largest in the world with the technology from ABB Lummus.
Weight - 105 Tons
Diameters
1,000 - 4,500
Length 20,000 - 60,000
Material CS / SS / AS / Clad Steels
Column
Clad
Minimum 10 - 100 M.tons
AS / S.S Minimum 15 - 100 M.tons
C.S Minimum 25 - 100 M.tons
Pressure
Vessels
Surface Condenser
Axial Surface Condenser for 220MW combined cycle power
plant at Samalkot L40’ x H22’ x W25’
Tubes : 1” OD x0.03”THKx33’L 10800 Nos.
Waste Heat Recovery System
Their range includes Waste Heat
Boiler system engineered for the recovery of Heat with IBR certification and
Thermal Performance guarantees. Their unique new design has eliminated
bulkiness, tube sagging and high rate of failures associated with conventional
design. Their features ensure compactness and better efficiency of the system.
Screw
– Plug
The Screw Plug design for high pressure heat exchangers is now
being offered in India through a long-term technical agreement with M/s
Struthers Industries, Inc. of USA.
One such segment is high pressure closures with Screw-Plug design.
Struthers design offers the safest, most reliable and easiest to maintain
equipment.Struthers recent survey in this part of the world revealed Tema India
Limited to be the best poised to absorb the necessary technology and also
deliver the best.
This is the most effective design for high Pressure and High
temperature applications, although it needs very high degree fabrication
accuracy. As a result there are only four or five fabricators of such equipment
in the World.
TemaIndia boasts of being one of the best in the line and one to
have successfully produced two of the largest and the most complicated one in
the world. TemaIndia has recently bagged prestigious orders amounting to more
than Rs.100 crores from all over the world.
HELIXCHANGER
TemaIndia shown the grit and have produced
the largest and the most complicated “HELIXCHANGER” in the country and
amongst the largest in the world with the technology from ABB Lummus.This
product is on its way to serve all the Petroleum Refineries, Petrochemical,
Fertilizers units and all other chemical units to increase the efficiency and
bring down the cost of capital equipments drastically.
There has been a
tremendous interest generated and eminent Engineers from all over the country
have been visiting to evaluate this product at TemaIndia plant.
More than 50 dignitaries
from all over the country attended the Seminar presided by Bert Boxma of ABB a
renowned expert in the field of Heat Transfer and C&MD of TemaIndia Mr.
H.K.Sippy.
Subject as a part of
diversification has entered the field of feed cycle equipment for Power Plants.
In a short span of 18 months, the company has received several orders for
surface condensers and feed water heaters. Most of these orders are being
executed with short delivery time.
1. Surface Condenser.
2. H.P. Feed Water Heater
3. L.P. Feed Water Heater
4. Deaerators
5. CCW Coolers
Drilled tubesheets & drilled support plates of surface
condenser for a 220 MWe CCPP. 10800 tubes of 25.4mm OD x 22 BWG x 10020mm long.
First of the 15 Circular condensers ordered by M/s Triveni
Engineering ready for shipment. This is for a 6.0 MWe Power plant.
Drilled tubesheets & drilled support plates of surface
condenser for a 220 MWe CCPP. 10800 tubes of 25.4mm OD x 22 BWG x 10020mm long.
Raw Material
·
Plates
·
Tubes
·
Non-Std Forgings
·
Std. Forgings
·
Reinforced Nozzle Pipes
·
Fasteners
·
Gaskets
·
Welding Consumables
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.74 |
|
UK Pound |
1 |
Rs.84.90 |
|
Euro |
1 |
Rs.57.79 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|