MIRA
INFORM REPORT
|
Report Date : |
03.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
H2O
SOLUTIONS |
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Registered Office : |
A-161
Sarita Vihar, Near Apollo Hospital, New Delhi-110 076 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1997 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturer and Supplier of Waste Water
& Fresh Water Treatment Plants. |
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
10000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed concern having satisfactory track.
Proprietor is reported as experienced and respectable businessman. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office / Factory : |
A-161
Sarita Vihar, Near Apollo Hospital, New Delhi 110 076, India |
|
Tel. No.: |
91-11-41401502
/ 26942000 / 55707076 |
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Mobile No.: |
91-9811137076
/ 9350170474 |
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Fax No.: |
91-11-26942000
/ 26942900 |
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E-Mail : |
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Website : |
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Area : |
1,500
Sq. ft. approx |
|
Location : |
Residential - Owned |
SOLE PROPRIETOR
|
Name : |
Mr Y P Singh |
|
Designation : |
Proprietor
|
|
Address : |
A-161
Sarita Vihar, New Delhi-110 076 |
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Date of Birth/Age : |
40
Years |
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Qualification : |
B Tech
|
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Experience : |
10
Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of
Waste Water & Fresh Water Treatment Plants. |
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|
|
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Products : |
·
Water
Treatment Plant ·
Desalination
Plant ·
Reverse
Osmosis Base Plant ·
RO
Plant ·
UF
Plant ·
Ultrafiltration
Membrane Plant ·
Water
Purification Plant ·
Fresh
Water Treatment Plant ·
Mineral
Water Treatment Plant ·
Cooling
Tower Treatment Plant ·
Aquaculture
Treatment Plant ·
Swimming
Pool Filtration Plant ·
Swimming
Pool Basic Filtration Plant ·
Wastewater
Treatment Plant ·
Zero
Discharge Water Plant ·
Zero
Discharge Recovery Plant ·
Sewage
Treatment Plant ·
Sea
Water Treatment Plant ·
Heat
Recovery Plant ·
Water
Softening Plant. |
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Imports from : |
Water
Treatment Plants from Singapore and Belgium |
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Terms : |
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Selling : |
Cash Against Delivery & Credit [30
days] |
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Purchasing : |
On
Credit [30 to 45 days] |
GENERAL
INFORMATION
|
Customers : |
·
UNICEF ·
Indian
Army ·
Indian
Navy ·
Indian
Air Force ·
State
Government Authorities |
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|
|
|
No. of Employees : |
60 |
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Bankers : |
·
Canara
Bank, Sarita Vihar, New Delhi ·
HDFC Bank Limited, New Delhi |
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Banking Relations : |
Satisfactory |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
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Owned : |
Rs.2.000
Million |
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Borrowed : |
-- |
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Total : |
Rs.2.000
Million |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2006 |
31.03.2005 |
|
Networth |
|
2.000 |
1.770 |
|
|
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|
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Sales Turnover |
|
15.000 |
10.000 |
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Profit Before Tax |
|
0.300 |
0.175 |
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Profit After Tax |
|
0.230 |
0.125 |
The
Projected Turnover for the financial year ending March 31, 2007 shall be to the
tune of Rs.17.500 Millions approx as claimed by the subject
The
subject is a Non-Incorporated business entity and thus not obliged to file any
information on itself with any Official Authority (Registrar of Company) open
for public inspection. The above-mentioned information is obtained directly
from the subject itself but the subject could not substantiate it by providing
audited financial statements like Balance Sheet and Profit & Loss A/c.
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
1.53 |
1.25 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
2.00 |
1.75 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
11.50 |
7.06 |
LOCAL AGENCY
FURTHER INFORMATION
Established
in 1997 the subject is engaged in the business of Manufacturer and Supplier of
Waste Water & Fresh Water Treatment Plants.
The subject is supplying Water Treatment Plants and
allied products to Defence, Government and other private companies. The subject also provides AMC services to
its clients.
The subject has claimed that they recently applied
for Importer Exporter Code Number.
The subject being a non-incorporated business
entity, is not obliged to register itself with any authorities open to public
inspection.
Subject
is presently purchasing from the domestic market.
The
subject is mainly supplying their products in the domestic market.
The
subject is providing the following services to its Clients
·
Designing
& Consulting / Turnkey Projects
·
Revamping
of Existing Plant / Systems
·
Modernization
/ Atomization of Existing Systems
·
Annual
Maintenance Services
·
Supply
of Spares (Pump/Membrane/Valves/Vessel/Resin/Dosing Pump)
In several countries, water framework directives
have been issued, as per which the waste water must be put through an extensive
treatment process. And the majority of sewage treatment plants may ultimately
need to be modified to break down substances such as hormones, medicines and
detergents. This could involve industry making substantial capital outlays.
It is not just industrial water usage that
governments worldwide are tackling. The implementation of the European Water
Framework Directive is one of the drivers for preventing the contamination of
drinking water sources in Europe.
Top priority is being given to the further
development of water treatment technologies like membrane filtration, UV and
advanced oxidation. This is being prompted by the increasingly strict standards
imposed in respect of microbiological safety and the discussion concerning
endocrine substance in the environment.
India is the 2nd country in the world which has
the highest precipitation in the world. In their country 85% of water is used
for farming, 10% for industry and 5% for domestic use. The competition between
these three is increasing day by day. The supply is reducing on account of
increasing population and pollution due to human activity. According to World
watch Institute, India will be a highly water stressed country from 2020
onwards. The definition of water stress is that less than 1000 cubic metre of
water will be available per person per annum.
With the above scenario it is imperative that all
3 sections of water users : farming, industry and domestic sectors must use
water imaginatively and for multiple purpose as opposed to current wasteful
practices.
India is the second country in the world, which
has the highest precipitation in the world. On an average 1200mm in the
country, with maximum and minimum being 19000 mm in Chirapunji 200 - 300 mm in
Rajasthan respectively. With increase in industrialisation in the last 50 years
70% of their inland water has been contaminated due to farming/industrial/domestic
pollution. Today the country is facing
acute water scarcity in many states and the availability of water per person
per annum has come down from 6500 cubic meters to 2500 cubic meters per person
per annum as per Teri. Taking example of the Yamuna in Delhi, the coliform
count up stream of Delhi 0.7 miillion / 100 ml., down stream of Delhi - 24
million / 100 ml. As per World Watch Institute, washington India will be a
highly water stressed country from 2020 onwards. The definition of water stress
is that, less than 1000 cubic meters of water will be available per person per
annum. With the above scenario, it is imperative that the industry must become
alive to the increasing pressure on scarce water resource by adopting various
water miserly technologies available in the market today and optimise the
various grades of water use for secondary use.
The government must change the regulatory
mechanism to allow excess ETP water of Industry to be sold or used for social
purpose so that C-Category water can be used for C-category use,for ex. Many
hotels release their excess ETP water in the municipal drain, the same can be
utilised by near by parks/golf course , the advantage of such water is that it
has the right quantum of nutrients for the grasss/plants. Water harvesting
needs to be made mandatory across the country for all small and large
organisations.
Pro-active steps must be taken to introduce
concepts like water audit. It has been established that nearly 45% of energy
requirements in all cities is for movement of water and it is well known fact
that due to wrong pricing signals water is being wasted, which results in power
wastage. In Delhi, as per one report, cost of water production is Rs. 5/- per
kilo litre, whereas the people are paying Rs. .35 per kilo litre, which does
not even cover the operating cost.
As Per Website
Manufacturer and exporter of Water & Waste Water treatment
Plants, registered supplier for UN, UNICEF, DEFENCE (Indian Army, Indian Navy,
Indian Air Force) and many State Govt. Authorities.
An Introduction
H2O Solutions, believe that the success of
an organization is based on the foundation of outstanding quality, excellent
customer service and innovation. They have focused their expertise on the
designing and engineering of fresh water and waste water treatment plants that
are of premium quality. Their mission is to produce premium quality products
such as Water Filtration Plant and Water Softening Plant for the benefit of
their clients. The reverse osmosis water treatment equipment contains complete
water purification system, softener water filter, water purifier and
replacement filtration unit for home, commercial and industrial uses. Their
mission is to improve the quality of their products and come out with better
quality products to maximize their clients' satisfaction.
Product Line
For the benefit of their clients, they are constantly
trying to come out with products that suit the requirements. Their customized
products such as Water Filtration Plant and Water Softening Plant are of
highest quality.
They have made a sincere effort to incorporate their past experience in their
offer, which has made it elaborate & comprehensive. They have incorporated
several world-class renowned equipment/ instruments that are time tested.
Utmost care is taken for selection of proper material of construction for each
component in "H2O SOLUTIONS" Desalination R.O. system.
This is so because they believe that appropriate selection of materials is
vital in such a sophisticated system.
Over the years, "H2O Solutions" has strived relentlessly
to upgrade their technological standards and this thrust has given their team a
wide exposure to most sophisticated instruments/equipment
The water naturally contains dissolved and undissolved impurities. Undissolved
impurities of water and precipitate sludge can be removed with the mostly
popular and basic treatment of filtration. Various types of H2O
SOLUTIONS FILTRATION PLANTS are available for different type of impurities to
be removed with different flow rate.
H2O SOLUTIONS filters are made from mild still/FRP closed vessel and
are operated under pressure. The water is passed through the filter from top to
bottom, where unwanted impurities are left behind at the filter bed. Back
flushing very easily cleans the filter bed, thus reverse flow of water flushes
away the impurities deposited at filter bed.
Their various type of H2O SOLUTIONS FILTER SYSTEM:
- Sand filter, for removal of suspended solids up to minimum level.
- Multi Graded filter, for high velocity flow rates of reduced area of
filtration, in depth filtration.
- Activated Carbon Filter, for removal of free chlorine, phenol, taste and odor
as well as reduction COD/BOD.
- Gravity Filter, for Housing & Hotels and municipal water supply.
- Swimming pool Filter plant operated at high flow velocity for recirculation
loops.
-Cartridge Filter Up stream of RO plants, Fine sterile and final filters in
treatment of ultra pure water.
Industrial Water Filter
H2O SOLUTIONS filters are made from mild
still/FRP closed vessel and are operated under pressure.
Their various type of H2O SOLUTIONS FILTER
SYSTEM
- Sand filter,
for removal of suspended solids up to minimum level.
- Multi Graded
filter, for high velocity flow rates of reduced area of filtration, in
depth filtration.
- Activated
Carbon Filter, for removal of free chlorine, phenol, taste and odor as
well as reduction COD/BOD.
- Gravity Filter,
for Housing & Hotels and municipal water supply.
- Swimming pool
Filter plant operated at high flow velocity for recirculation loops.
- Cartridge Filter Up stream of RO plants, Fine
sterile and final filters in treatment of ultra pure water.
Water Softener
H2O SOLUTIONS Softener is used primarily to produce Zero soft water
by highly acidic cation exchanger, which removes calcium and magnesium ions. H2O
SOLUTIONS series softeners are designed for longer operating cycles, low
regeneration cost. The systems incorporate the proven technique Of counter and
co-counter currant regeneration flow rate to economically to suit the demand of
soft water for medium scale industries and commercial use.
Water Demineralisers
H2O SOLUTIONS Demineralisers are designed
based on latest coast effective ion exchange technique of counter current
regeneration. H2O SOLUTIONS Demineralisers consists of acid/alkali
proof pressure vessel with internal fittings and initial charge of Cation and
Anion exchanger, set of regeneration equipment, hydraulic ejectors, acid and
alkali tanks and conductivity meter to monitor treated water quality.
Reverse Osmossis System / R. O. Plant
Reverse osmosis has emerged as a serious alternative to chemical treatment
systems due to a number of reasons. The minimal use of chemicals makes it
environmentally desirable. Reverse osmosis is a simple process and the
operational and maintenance costs are lower. They can be found in system
servicing restaurants, car washes, bottled water & Beverage plant,
hotel/motel drinking water installations, greenhouses, ice manufacturing plants
and medical & scientific laboratories, electronics and pharmaceuticals
industries and boiler & cooling water application.
Mineral Water System / Bottled Water
Plant
"Membrane Technology " incorporating ozone
technology based disinfection system is a technology that offers the
opportunity to provide you and the family a high quality, hygienically pure and
abundant supply of fresh and clear water. This technology is most commonly
referred as "DESALINATION" by REVERSE OSMOSIS. This is a process in
which water is forced through the semi permeable membrane having a pore size of
0.0001 micron which is rejects almost all undissolved impurities like dirt,
dust, bacteria, viruses and also the dissolved impurities like chloride,
fluoride, lead, pesticides, sodium chloride and various other dissolved ions
that lead to a bad taste, color and odor in the drinking water. They can be
found in system servicing restaurants, car washes, bottled water & Beverage
plant, hotel/motel drinking water installations, greenhouses, ice manufacturing
plants and medical & scientific laboratories, electronics and
pharmaceuticals industries and boiler & cooling water application.
Waste Water Treatment Systems
They offer high quality waste water treatment systems.
Three types of processes are commonly used for treatment and recycle of
effluents. These are physic-chemical, biological and membrane /ion-exchange
processes.
Swimming Pool Filteration Systems
They have developed their core competence in the
supplying of swimming pool filteration systems. Disinfection is the most
important single factor in maintaining a safe pool. Chlorine is the most widely
applied disinfecting agent for the swimming pool water. Its not only destroys
harmful organisms such as bacteria, algae, fungi, viruses but it also destroys
impurities that are not removed by filtration.
H2O SOLUTIONS'S motto is working closely
with the customer right from conception. To help you realize the extensive service
and support capabilities are offered. These include unbiased applications
assistance based on expertise in filtration, ion exchange and membrane
separations technologies. They do not see their self as system provider but as
a total solution provider in the field of water treatment.
Following services available at their works:
- Well equipped
fabrication shop and team of experienced fitters, welders, electrician
& technicians to repair any equipment, pumps, electrical &
instruments of the system.
- Considerable
inventory is stocked for almost all related equipments, components, spares
and parts, available in emergency situation.
- Senior level
engineers in all discipline and experienced field staff available
immediately to solve any problem and for effective troubleshooting.
- They take
operation and maintenance contract if required which comprises of fixed
periodic visits of their service team to service and carry out replacement
(Spares to be maintained by client of R.O. System and guide on
operations).
"H2O SOLUTIONS" provides prompt after sales services to
ensure that in case of any problems, the system is put back into operation
immediately without any long period of breakdown & production loss. They
have complete manufacturing infrastructure facility, and a setup for service
after sales by total team of around 10 people with qualified engineers and
expertise technicians capable of providing excellent quality product
maintenance & satisfactory services in various fields available at
Ahmedabad in the State of Gujarat. Since all these facilities are available
under one roof they can tackle any kind of water treatment problem.
Hence, now when its comes to the problems of water, fluid treatment, you can
contact on H2O SOLUTIONS expertise for the right solutions.
Quality is a hallmark of their product. They do not
compromise on quality. Their special training module, developed for their
employees, helps in producing premium quality products. Their crew of experts
ensure that the best quality products are offered to their clients. They have
attained a place of respect for their selves through their services and they
are aspiring to reach the acme of perfection.
Facilities
They possess a well equipped production unit which is
backed by state-of-the-art technology and sophisticated machines. They have a
team of highly qualified professionals who have a vast experience in their
sphere of operations. They possess well equipped fabrication shop and team of
experienced fitters, welders, electrician & technicians to repair any
equipment, pumps, electrical & instruments of the system. Considerable
inventory is stocked for almost all related equipments, components, spares and
parts, available in emergency situation. Senior level engineers in all
discipline and experienced field staff are available immediately to solve any
problem and for effective troubleshooting. They are constantly striving to come
out with new innovations to provide you with better quality products.
Patrons
They are a trusted name in their sphere of operations.
They are well appreciated by their high profile clients for offering premium
quality products. The overwhelming response of their clients has encouraged us
to elevate their standard of excellence.
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.44.11 |
|
UK
Pound |
1 |
Rs.86.79 |
|
Euro |
1 |
Rs.57.44 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|