MIRA INFORM REPORT
|
Report
Date : |
12.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
INDUS PROJECTS LIMITED |
|
|
|
|
Registered
Office : |
504, Loha
Bhavan, P. D’Mello Road, Mumbai – 400 009, Maharashtra |
|
|
|
|
Country: |
India |
|
|
|
|
Financials
(as on): |
31.03.2006 |
|
|
|
|
Date
of Incorporation : |
17.11.1997 |
|
|
|
|
Com.
Reg. No.: |
11-111921 |
|
|
|
|
CIN
No.: [Company
Identification No.] |
U74210MH1997PLC111921 |
|
|
|
|
IEC
No.: |
0388099364 |
|
|
|
|
TAN
No.: (Tax
Deduction & Collection Account No.) |
MUM103182E |
|
|
|
|
Legal
Form : |
Deemed Limited Company |
|
|
|
|
Line
of Business : |
Manufacturers,
Exporters and Importers of Chemical Process Plant Equipments. |
RATING & COMMENTS
|
MIRA’s
Rating : |
A |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum
Credit Limit : |
USD
1000000 |
|
|
|
|
Status
: |
Satisfactory
|
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation
: |
Clear |
|
|
|
|
Comments
: |
Subject is an established company having satisfactory
track. Trade relations are fair. Payments are reported as usually correct and
as per commitments. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
504, Loha
Bhavan, P. D’Mello Road, Mumbai – 400 009, Maharashtra, INDIA |
|
Tel.
No.: |
91 – 22 –
2632 8306 /3348 / 9349 / 7737 / 9658 / 0996 / 28506740/ 23422796 |
|
Mobile
No.: |
91-93322510082
/ 9820654909 |
|
Fax
No.: |
91 – 22 –
2632 0720 |
|
Email: |
|
|
Website:
|
|
|
Area : |
20000 sq.
ft. |
|
Location : |
Owned |
|
|
|
|
Delhi
Office : |
206, Red Rose Building, P.D. Mello Road, Mumbai-400009,
India |
|
Tel.
No.: |
91-11-26468040 / 60 |
|
Fax
No.: |
91-11-26476077 |
|
|
|
|
Factory
1: |
Marol
Naka, M. Vavanjee Road, Andheri (E), Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-28508306
/ 3348 / 4737 / 9349 |
|
Fax
No.: |
91-22-28506740 |
|
Email: |
|
|
Area : |
409000
sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory
2: |
Plot
B-40, Wagle Industrial Estate Road No. 23, Thane 400604, Maharashtra, India |
|
Tel.
No.: |
91-22-25822347
/25822348 |
|
|
|
|
Branches
: |
206, Red
Rose Building, Nehru Place, New Delhi – 110019, India Tel. No.
: 91-11-26468040/ 60 Fax No. :
91-11-26476077 49 / 50,
Red Rose Building, Nehru Place, New Delhi – 110 029, India 1/A,
Biplabi Anukul Chandan Street, Electric Center, Kolkata – 700 072, West
Bengal, India 27 Juhu
Tara Road, Santacruz, Mumbai – 400 054, Maharashtra, India Tel.
No. 91-22-610 1788 |
DIRECTORS
|
Name : |
Mr.
Kishore H. Mehta |
|
Designation
: |
Director |
|
Address
: |
27, Juhu
Tara Road, Jitendra Lane, Juhu, Mumbai - 400 049, India |
|
Date
of Birth/Age : |
76 years |
|
Qualification
: |
B. Sc. |
|
Experience
: |
55 years |
|
|
|
|
Name : |
Mr. Abhay
K. Mehta |
|
Designation
: |
Director |
|
Address
: |
27, Juhu
Tara Road, Jitendra Lane, Juhu, Mumbai - 400 049, India |
|
Date
of Birth/Age : |
43 Years |
|
Qualification
: |
B.Sc. |
|
Experience
: |
21 Years |
|
|
|
|
Name : |
Mr.
Mahavir K. Mehta |
|
Designation
: |
Director |
|
Address
: |
27, Juhu
Tara Road, Jitendra Lane, Juhu, Mumbai - 400 049, India |
|
Date
of Birth/Age : |
42 Years |
|
Qualification
: |
B. Com |
|
Experience
: |
20 Years |
|
|
|
|
Name : |
Mr.
Madhur K. Mehta |
|
Designation
: |
Director |
|
Address
: |
27, Juhu
Tara Road, Jitendra Lane, Juhu, Mumbai - 400 049, India |
|
Date
of Birth/Age : |
40 Years |
|
Qualification
: |
B. Sc. |
|
Experience
: |
18 Years |
|
|
|
|
Name : |
Mr.
Shrenik H. Mehta |
|
Designation
: |
Director |
|
Address
: |
401,
Everest Chamber, Bhausaheb Hire Marg, Malabar Hill, Mumbai. |
|
|
|
|
Name : |
Mr. S. S.
Rao |
|
Designation
: |
Technical
Director |
|
Qualification
: |
B.E. (Mech) |
|
Experience
: |
42 Years |
|
|
|
|
Name : |
Mr. A.B.
Bikhchandani |
|
Designation
: |
Manager-Coordination
|
|
Qualification
: |
B.E. (Mech) |
|
Experience
: |
40 years |
|
|
|
|
Name : |
Mr. T.C.
Shah |
|
Designation
: |
Sr.
Manager |
|
Qualification
: |
B.E. (M&E) AMI (Inst.) |
|
Experience
: |
35 Years |
|
|
|
|
Name : |
C. B.
Pathak |
|
Designation
: |
Manager
–Design and Estimation |
|
Qualification
: |
LME |
|
Experience
: |
32 Years |
|
|
|
|
Name : |
Mr. S.G.
Khatu |
|
Designation
: |
Manager –
Business Development |
|
Qualification
: |
B.E. (Mech.) |
|
Experience
: |
30 Years |
|
|
|
|
Name : |
S.P.
Jawaharkar |
|
Designation
: |
Manager –
purchase |
|
Qualification
: |
B.E. (Mech.) |
|
Experience
: |
30 Years |
|
|
|
|
Name : |
G.B.
Parvatikar |
|
Designation
: |
Manger –
Inspection |
|
Qualification
: |
B.E. (Mech.) |
|
Experience
: |
28 years |
|
|
|
|
Name : |
V.M. Shah
|
|
Designation
: |
Manager –Work
|
|
Qualification
: |
B.E. (Elec) |
|
Experience
: |
27 Years |
|
|
|
|
Name : |
K.
Balakrishna |
|
Designation
: |
Manager
–Project |
|
Qualification
: |
B.E. (Mech.) |
|
Experience
: |
38 Years |
|
|
|
|
Name : |
Prashant
Gaekwad |
|
Designation
: |
Design
Engineer |
|
Qualification
: |
B.E. (production) |
|
Experience
: |
3 Years |
|
|
|
|
Name : |
Hemant
Aher |
|
Designation
: |
Design
Engineer |
|
Qualification
: |
B.E. (Mech) |
|
Experience
: |
2 Years |
|
|
|
|
Name : |
C.
Mohapatra |
|
Designation
: |
Engineer |
|
Qualification
: |
M. Tech |
|
Experience
: |
11 years |
|
|
|
|
Name : |
V.
Srinivas |
|
Designation
: |
Engineer
–Mech |
|
Qualification
: |
B.E. (Mech) |
|
Experience
: |
5 years |
|
|
|
|
Name : |
Neelesh L
|
|
Designation
: |
Inspection
Engineer |
|
Qualification
: |
DME |
|
Experience
: |
5 years |
|
|
|
|
Name : |
Mallesh
Mistry |
|
Designation
: |
Instrument
Engineer |
|
Qualification
: |
B.E. (Inst.) |
|
Experience
: |
1 Years |
|
|
|
|
Name : |
A.
Ayyappan |
|
Designation
: |
Engineer |
|
Qualification
: |
DWE |
|
Experience
: |
3 years |
|
|
|
|
Name : |
Rakesh
Kadri |
|
Designation
: |
Trainee
Engineer |
|
Qualification
: |
B.E.(Mech.) |
|
Experience
: |
1 years |
|
|
|
|
Name : |
Hemant
Shah |
|
Designation
: |
Senior
Engineer |
|
Qualification
: |
B.E. (Mech. ) |
|
Experience
: |
25 Years |
|
|
|
|
Name : |
S.J. Rao |
|
Designation
: |
Engineer
–Civil |
|
Qualification
: |
LCE |
|
Experience
: |
14 Years |
|
|
|
|
Name : |
Sanjay
More |
|
Designation
: |
Sr. Insp.
Engineer |
|
Qualification
: |
DME |
|
Experience
: |
11 years |
|
|
|
|
Name : |
B.S.
Gurav |
|
Designation
: |
Insp.
Engineer |
|
Qualification
: |
DME |
|
Experience
: |
20 years |
|
|
|
|
Name : |
O.M.
Yadav |
|
Designation
: |
Insp.
Engineer |
|
Qualification
: |
DFT |
|
Experience
: |
5 years |
|
|
|
|
Name : |
N. Patil |
|
Designation
: |
Inst
Engineer |
|
Qualification
: |
B.E.
(Mech) |
|
Experience
: |
2 years |
|
|
|
|
Name : |
Shivaji
Rai |
|
Designation
: |
Safety
Officer |
|
Qualification
: |
DME and DFS |
|
Experience
: |
5 years |
|
|
|
|
Name : |
P.K.
Mishra |
|
Designation
: |
Sr. Daraughtsman |
|
Qualification
: |
ITI |
|
Experience
: |
27 years |
|
|
|
|
Name : |
Chintamani
Gaekwad |
|
Designation
: |
Autocad
Draughtsman |
|
Qualification
: |
ITI |
|
Experience
: |
10 years |
|
|
|
|
Name : |
Anand
Pose |
|
Designation
: |
Autocad
Draughtsman |
|
Qualification
: |
DME |
|
Experience
: |
9 years |
|
|
|
|
Name : |
Nilesh
Shirwadkar |
|
Designation
: |
Autocad
Draughtsman |
|
Qualification
: |
ITI |
|
Experience
: |
8 years |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
|
No. of Shares |
|
Kishor
Mehta |
|
100 |
|
Shrenik
Mehta |
|
27380 |
|
Abhay
Mehta |
|
83480 |
|
Mahavir
Mehta |
|
67380 |
|
Madhur
Mehta |
|
68280 |
|
Smt. Usha
Mehta |
|
18350 |
|
Nabhiraj
Mehta |
|
27380 |
|
Indus
Mechanical Engineers Company private Limited |
|
329460 |
|
Kishor H
Mehta |
|
10887 |
|
Kishor H
Mehta (HUF) |
|
5110 |
|
Kishor H.
Mehta A/c Himatlal G. Mehta and Company |
|
1830 |
|
Diwaliben
Mehta |
|
9040 |
|
Diwaliben
Mehta Joint Kishor Mehta |
|
8150 |
|
Devika
Mehta |
|
8960 |
|
Abhay K.
Mehta A/c. Molina Mehta |
|
750 |
|
Abhay K
Mehta A/c. Shalin Mehta |
|
400 |
|
Mahavir K
Mehta A/c. Sunishka Mehta |
|
960 |
|
Mahavir K
Mehta A/c. Rishmina Mehta |
|
110 |
|
Pushmina
Mehta |
|
7100 |
|
Jesal
Mehta |
|
7000 |
|
Sonal
Mehta |
|
7000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturers,
Exporters and Importers of Chemical Process Plant Equipments. |
|
|
|
|
Product:
|
v
Pressure
Vessels v
Heat
Exchangers v
Columns v
Sphears v
API
Field Tanks v
Reactors v
Thermic
Fluid Heaters v
Large
Sized Burners v
Refinery
Heaters v
Mounted
Storage Bullet v
LPG
Spheres v
Silos/
Hoppers v
Mounded
Storage Bullets, Road Tankers, Fired Heaters |
|
|
|
|
Imports
from : |
USA,
Japan and Europe. |
|
|
|
|
Projects/
Contracts: |
v
Civil
& Structural Work v
Mechanical
Erection Job v
Pipeline
Work v
EPC
Contract v
Turnkey
Projects v
Skid
Mounted Modular Units |
GENERAL INFORMATION
|
Supplier
: |
v
Stemkor
U.K. Limited v
Waker
House, 87, Queen Victoria Street, London, EC4V, U. K. v
Nordstahl
GmbH v
P.B.
No. 10 16 64, Elisabethstr, 1-3, 4600-Dortmund 1, Germany v
Sumitomo
Corporation, Japan v
Mitsui
& Company Limited, Japan v
Salzgipter
- Stahl GmbH, Germany v
Okaya
& Company Limited, Osaka, Japan v
Fukuyo
Industries Corporation, Japan v
Nikko
Boeki Kaisha Limited, Japan |
|
|
|
|
Customers
: |
Asian Paints (India) Limited East India Petroleum Limited Fertilizer Corporation India Limited Gas Authority Of India Limited Glaxo Limited Haldia Petrochemicals Limited Hindustan Level Limited Hindustan Petroleum Corporation Limited Hoechst Pharmaceuticals Limited Indian Dyestuff Industries Limited Indian Explosives Limited Indian Oil Corporation Limited Indian Petrochemicals Corporation Limited J. K. Chemicals Limited Madras Refineries Limited Modipon Limited Narora Atomic Power Project Limited Oil & Natural Gas Corporation Polychem Limited Reliance Industries Limited Sadhana Nitrochem Private Limited Standard Engineers Private Limited Tamilnadu Chemical Products Limited Ub Petro Products Limited Uop Asia Limited Wipro Products Limited End Users |
|
|
|
|
No. of
Employees : |
319 |
|
|
|
|
Bankers
: |
Corporation
Bank, IFB Branch, Veena Chamber, Fort, Mumbai - 400 023 SBI
Commercial & International Bank Limited, III Maker Chambers, Nariman
Point, Mumbai - 400 021. I.F.
Branch, Fort, Mumbai, India |
|
|
|
|
Facilities : |
Corporation
Bank - the company enjoys fund based facility of Rs. 45.00 millions from its
bankers SBI
Commercial & International Bank Limited - the company enjoys non fund
based facility of Rs. 300.00 millions from its bankers Fund Rs. 20.000 Millions Non
Fund Rs. 100.000 Millions I.F.
Branch, Fort, Mumbai, India the company enjoys fund based facility of Rs.
240.00 millions from its bankers Fund Rs. 40.000 Millions Non
Fund Rs. 200.000 Millions Total
Credit Limit: Rs. 360.000 Millions |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors
: |
P D Sangani & Company Chartered Accountant 207, Giriraj, 2nd Floor, Iron Market, S.T.Road,
Carnac Bunder, Mumbai-400009, India |
|
Tel
No: |
91-22-23415915 |
|
Fax
No.: |
91-22-23415915 |
|
|
|
|
Associates/Subsidiaries
: |
Ø
United
Technologists & Chemicals Products Private Limited, Tarapur - Manufacturing
Chemicals Ø
Baysil
Silicon Products Private Limited, Mumbai - Manufacturing
Chemicals Ø
Indus
Mechanical Engineering Company Private Limited, Mumbai - Manufacturing
Engineering Products |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 100/- Each |
Rs. 100.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
714690 |
Equity Shares |
Rs. 100/- Each |
Rs. 71.469 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
71.469 |
68.910 |
68.910 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
143.880 |
133.651 |
121.932 |
|
|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
215.349 |
202.561 |
190.842 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
85.850 |
49.475 |
56.448 |
|
|
2]
Unsecured Loans |
15.349 |
1.990 |
2.915 |
|
TOTAL
BORROWING
|
101.199 |
51.465 |
59.363 |
|
|
DEFERRED
TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
316.548 |
254.026 |
250.205 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
41.409 |
43.416 |
41.238 |
|
Capital work-in-progress
|
0.346 |
0.346 |
0.346 |
|
|
|
|
|
|
|
INVESTMENT
|
1.867 |
1.867 |
1.867 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
182.649
|
191.835
|
188.628 |
|
|
Sundry Debtors
|
262.027
|
193.929
|
101.974 |
|
|
Cash & Bank Balances
|
36.602
|
53.415
|
23.966 |
|
|
Other Current Assets
|
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances
|
61.023
|
39.445
|
48.201 |
Total Current Assets
|
542.301 |
478.624 |
362.769 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
247.803
|
256.123
|
150.053 |
|
|
Provisions
|
21.632
|
14.204
|
6.111 |
Total Current Liabilities
|
269.435 |
270.327 |
156.164 |
|
Net
Current Assets
|
272.866 |
208.297 |
206.605 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.060 |
0.100 |
0.149 |
|
|
|
|
|
|
|
TOTAL
|
316.548 |
254.026 |
250.205 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
|
515.963 |
527.707 |
194.343 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
51.935 |
22.412 |
12.797 |
Provision for Taxation
|
15.000 |
12.000 |
4.500 |
Profit/(Loss) After Tax
|
36.935 |
11.719 |
7.497 |
|
|
|
|
|
Export Value
|
59.023 |
2.373 |
5.646 |
|
|
|
|
|
Import Value
|
249.864 |
264.972 |
22.572 |
|
|
|
|
|
Total Expenditure
|
464.028 |
501.020 |
181.767 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
7.16 |
2.22
|
6.58 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
10.07 |
4.24
|
3.85 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
8.86 |
4.27
|
3.15 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.24 |
0.11
|
0.06 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
1.72 |
1.58
|
1.12 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
2.01 |
1.77
|
3.32 |
LOCAL AGENCY FURTHER INFORMATION
History:
Subject was established in 1950 at Mumbai in Maharashtra as
a partnership concern. Since April
1997, the concern was taken-over by Indus Projects Limited, Mumbai which was
incorporated on 17th November, 1997 at Mumbai in Maharashtra having
Company Registration No. 111921.
The
company is in trade terms with the following :
Ø
Indian
Oil Corporation Limited
Ø
Haldia
Petrochemicals Limited, Haldia
Ø
TOCL,
(Gujarat Refinery)
Ø
HPCL
Ø
GCPTCL
Industry
:
The much-talked about decline in growth sector is the
outcome of a combination of factors affecting industry competitiveness and end
user industry growth. The inverted duty structure (raw materials such as steel
plates are at 30% while finished products are at 20% customs duty) along with
special custom duty status for project imparts in major end use sectors such as
oil refining and fertilizer have hit the industry hard. Part of the problems is
also due to the inability to offer financing options to the end use sectors.
The investments planned in the ninth plan for oil refining
and fertilizer sectors are Rs.50-60 and Rs.10-15 billions respectively. If the domestic industry is not made
competitive, there is a good chance that their order book position will wersen
and imports would increase. Key end use sectors such as process industry,
textiles and cement are witnessing sluggish growth and threat of imports.
Poor investments in power transmission and distribution
sectors have resulted in the poor performance of transformer manufacturers. The
fortunes of engineering industry other than capital goods has been hit by the recent
decline in the growth of the automobile sector, a major end use segments of
bearings and machine tools. The machine tool and bearings sectors are also
witnessing significant import threats.
LIST OF
TURNKEY / MAJOR JOBS EXECUTED
HORTON SPHERES
Indian Oil
Corporation Limited
Bharat Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited
Haldia Petrochemicals Limited
East India Petroleum Limited
Gujarat Chemical Port Terminal Company Limited
Indian Petrochemicals Corporation Limited
Colombo Dockyard Limited @ Male, Republic Of Maldivies
(Horton Spheres 3 Nos. & 4 Nos. Fuel Storage Tanks)
MOUNDED STORAGE BULLETS
INDIAN OIL CORPORATION LTD. (DUMAD - BARODA) 3000 M3 x 5 Nos.
RELIANCE INDUSTRIES LTD. (PATALGANGA-RAIGAD) 229 M3 x 3 Nos.
RANGE OF PRODUCTS INCLUDE
1. All type of Heat Exchanger Shell
& Tube, u-Tube, Reboilers, Floating Head, Pipe & Jacket.
2. Pressure
Vessels.
3. Columns
: Packed Type, Tray Type with Sieve / Bubble Caps / Valve Trays.
4. Silos
/ Hopper
5. Horton
Spheres and Bullets for cryogenic services.
6. Mounded
type Bullet.
7. Condensers
and Spray Condensers.
8. Reaction
Vessels : With or without Agitator Units, Stuffing Box, Mechanical Seal.
9. Components
/ Equipments for Nuclear Plants.
10. Various
special Equipment (e.g. Special Mixers, Blenders, Filters etc.)
11. Storage
Tanks to API standards and other site fabricated equipments.
12. Spinning Equipment (i.e. spinning
Beam, Spinning Block, Manifold etc.) for Man Made Fibre Plants.
The Company
fabrication shop installed capacity p.a. is 1000 MT (of SS) & 15000 MT (of
CS). They can not provide the item wise or actual production capacity as they
are jobbers & strictly depend on various customers requirement from time to
time.
WEBSITE
DETAILS
The origin of Indus dates back to 1950, when the Plant was
established at South MUMBAI. Today, the fabrication Plant is located North of
MUMBAI having two large covered Workshops and Assembly Bays, together with
modern offices for administration and Design Department.
It has a long and successful history in Design Manufacture
and Erection of Medium / Heavy Capital Equipment for Oil and Gas, Pertroleum,
Petrochemicals, Pharmaceutical, Mineral Processing, Man Made Fibres,
Fertilizers and Nuclear Power Plants.
Indus also executes EPC Contracts, Civil and Structural
work, Mechanical Erection Job, Pipeline Work and Turnkey Projects in India and
Overseas.
Indus is accredited with ISO 9001 - 2000 Certification. They
are also approved by various inspection agencies like Lloyds, Kvaerner Powergas,
EIL, PDIL, Bureau Veritas, TUV, DNV, IBR etc.
The Company fabricates equipments to all the International
Codes such as ASME, AD Merkblatter, BS 5500, IS 2825, TEMA Codes etc. in
material grades as under :-
Stainless
Steel Grades :
317, 317L, 316Cb, 316Ti, 316, 316L, 321, 304, 304L and Urea Grade 316/316L etc.
Clad
Steel :
S.S. to C.S. per ASTM A 264.
Alloy
Steel :
5 Gr. 0.5 Mo.
Carbon
Steel Low Temp. :
SA 537 CI.1, 516 Gr. 70, SA 334 Gr. I & 6.
Carbon
steel :
SA 516/515 GR.60/70, SA 285 Gr. C, Din 17155 Gr. II & III, SA 53/106,
Gr.A/B, A 179 IS 2002/2062/226.
Nickel
& Nickel Alloys :
SB 162-200, SB 409-800, SB 163-600 Excotic Grade Material.
AREAS OF
INTEREST
A. BULK STORAGES / TERMINALS
B. DOUBLE WALLED TANKS
C. TURNKEY PACKAGES / SYSTEMS
QUALITY ASSURANCE
Indus Quality Policy is based upon principals of two-fold
responsibility First to ensure conformity to Client's requirements as specified
in the contract and Secondly, to maintain the in-house standards at a high and
consistent level of processional competence.
The principles of Quality Assurance extend into Mechanical
Design, Engineering & Purchasing, as well as covering all shop floor
activities in manufacturing.
The Department operates as a separate entity, reporting
directly to the Company's Director.
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.4417 |
|
UK Pound |
1 |
Rs.86.10 |
|
Euro |
1 |
Rs.57.26 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
58 |
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 |
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 |