MIRA
INFORM REPORT
|
Report Date : |
18.01.2007 |
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 |
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|
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 |
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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 |
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Designation : |
Managing Director |
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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
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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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Name : |
Mr. Arvind D. Joshi |
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Designation : |
Wholetime Director
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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 |
|
|
|
|
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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 |
|
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2] Unsecured Loans |
70.427 |
40.578 |
52.985 |
|
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TOTAL BORROWING |
289.223 |
176.737 |
157.910 |
|
|
Deferred Payment Credits |
4.037 |
1.942 |
0.899 |
|
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DEFERRED TAX LIABILITY |
20.642 |
15.988 |
|
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|
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|
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TOTAL |
584.973 |
415.383 |
340.299
|
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APPLICATION OF FUNDS |
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|
|
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FIXED ASSETS [Net Block] |
205.636 |
208.548 |
150.494 |
|
|
Capital work-in-progress |
89.605 |
0.000 |
32.460 |
|
|
|
|
|
|
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|
INVESTMENT |
0.066 |
0.067 |
0.066 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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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 |
|
|
|
|
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|
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.
TEMA'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 TEMA INDIA LIMITED Starting with a
modest turnover of US $ 100,000 and progressing to achieve a turnover of US $
15 million in the year 2003-04, TEMA 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 TEMA 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.
TEMA 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.
TEMA 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.
TEMA 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
TEMA INDIA 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).
TEMA 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.
TEMA INDIA 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.44.25 |
|
UK
Pound |
1 |
Rs.87.30 |
|
Euro |
1 |
Rs.57.36 |
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 |
|