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MIRA
INFORM REPORT
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Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
LLOYD INSULATIONS ( INDIA ) LIMITED |
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Registered Office : |
M-13, Connaught Place, New Delhi – 110 001. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
06.06.1977 |
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Com. Reg. No.: |
55-8629 |
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CIN No.: [Company
Identification No.] |
U74210DL1977PLC008629 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUML04371D |
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PAN No.: [Permanent
Account No.] |
AAACL0486E |
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Legal Form : |
A closely held public limited liability company |
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Line of Business : |
Manufacturing and Marketing of Ceramic Fibre Products, Rigid Polyurethane Foam Sandwich Panels, Rigid Polyurethane Foam Slaps, Pipe Sections, Pipe Supports and other products and Isothane Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 5100000 |
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Status : |
Good |
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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 company having fine track.
Trade relations are fair. General financial position is Good. Business is active. Payments are reported as usually made as per
commitments. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
Punj House, M-13, Connaught Place, New Delhi – 110 001, India |
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Tel. No.: |
91-11-23416111, 23416378, 23323621, 23324599, 23324696, 51517245, 2643047 |
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Fax No.: |
91-11-23724134, 23416255, 26467259 |
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E-Mail : |
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Website : |
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Location: |
Commercial |
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Regional Offices : |
CONTRACT / SALES / TECHNICAL
AND MARKETING DIVISION v 386, Veer Savarkar Marg, Prabhadevi, Mumbai - 400 025, Maharashtra, India Tel. 91-22-24304367/4876/2317/24301722/0007 Fax. 91-22-24376858 / 3557 E-Mail. lloyd@giasbm01.vsnl.net.in CONTRACT DIVISION v 6, Middleton Street, Kolkata - 700 071, West Bengal, India Tel. 91-33-22401606/22475479 Fax. 91-33-22402629 E Mail : lloyd@cal2.vsnl.net.in CONTRACT / SALES / TECHNICAL
AND MARKETING DIVISION v 5-A, Haddows Lane, II Floor, Off Haddows Road, Nungambakkam, Chennai - 600 006, Tamilnadu, India Tel. 91-44-28273753/5506/28267964/7953/28278418/9724 Fax 91-44-28279728 E Mail : lloyds@md3.vsnl.net.in PRODUCTS /
CONTRACTS / AUXILIARIES / TECHNICAL AND MARKETING DIVISION v Post Box No. 4321, Punj Sons Premises, 2, Kalkaji Industrial Area, New Delhi - 110 019 Tel. 91-11-30882900 / 2901 / 2902 / 2903 / 2904 / 2905 / 2906 Fax. 91-11-30882894 / 2895 E Mail : lloyd@del2.vsnl.net.in SALES / TECHNICAL
& MARKETING DIVISION v 55-B, Mirza Ghalib Street (6th Floor), Kolkata – 700 016, West Bengal Tel No. 91-33-22475479 / 22401606 Fax No. 91-33-22402629 v Plot No. 102,103, MPAKVN Industrial Area, Sector III, Pithampur, District Dhar – 454 774, Madhya Pradesh Tel No. 91-7292-256236 / 509886 Fax No. 91-7292-256111 E Mail : lloydpthgen@mantrafreenet.com |
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Overseas Associates : |
v Ineko UK Limited 13, Albion St., Hyde Park, London W22.AS, UK Tel 44-171-2628654 / 4022212 Fax 44-171-7244340 E Mail : inecoeng@aol.com v Ineco Limited P. O. Box 3278, Abu Dhabi, UAE Tel 97-12-325946 / 313315 Fax 97-12-315544 E Mail : ineco@emirates.net.ae v Lloyd Insulations Qatar P. O. Box 9201, Doha, Qatar Tel 00-974-358212 / 311019 E Mail : lins@qatar.net.qa |
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Plants : |
v Plot No. 103, MPAKVN Industrial Area, Sector III, Pithampur, District Dhar – 454 774, Madhya Pradesh v Jamshedpur, Bihar v Bhilai, Madhya Pradesh |
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Branches : |
Located at: - v Bangalore, Karnataka v Baroda, Gujarat v Bharuch, Gujarat v Bhopal, Madhya Pradesh v Chandigarh v Cochin, Kerala v Haridwar, Uttar Pradesh v Hyderabad, Andhra Pradesh v Indore, Madhya Pradesh v Kanpur, Uttar Pradesh v Kota, Rajasthan v Mangalore, Karnataka v Pune, Maharashtra v Rourkela, Orissa v Surat, Gujarat v Visakhapatnam, Andhra Pradesh |
DIRECTORS
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Name : |
Mr. Nilender P. Punj |
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Designation : |
Chairman and Managing Director |
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Address : |
10, Prithvi Raj
Road, New Delhi, NCT of Delhi – 110 011, India |
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Date of Birth/Age : |
02.04.1939 |
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Date of Appointment : |
11.12.1986 |
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Name : |
Mr. Chander Prakash Khanna |
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Designation : |
Managing Director |
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Address : |
2/19, Kalkaji
Extn. New Delhi, NCT of Delhi – 110 019, India |
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Date of Birth/Age : |
18.03.1931 |
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Date of Appointment : |
10.06.1977 |
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Name : |
Mr. Prem P. Munjal |
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Designation : |
Managing Director |
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Address : |
21-Lotus Court,
Jamshed and Tata Road, Mumbai – 400 025, Maharashtra, India |
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Date of Birth/Age : |
27.08.1932 |
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Date of Appointment : |
10.06.1977 |
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Name : |
Mr. M. Srinivas |
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Designation : |
Whole time Director |
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Address : |
1-Tarangini Apartment, Prabhadevi, Mumbai – 400 025,
Maharashtra, India |
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Date of Birth/Age : |
19.06.1940 |
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Date of Appointment : |
04.11.1991 |
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Name : |
Mr. Mohit Khanna |
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Designation : |
Wholetime Director |
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Address : |
7/IS Kalkaji Extn. New Delhi, NCT of Delhi – 110 019,
India |
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Date of Birth/Age : |
23.08.1960 |
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Date of Appointment : |
30.06.1993 |
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Name : |
Mr. Vineet P. Munjal |
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Designation : |
Wholetime Director |
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Address : |
601 and 602, Green Acres Building,
Lokhandwala Complex, Andheri (East), Mumbai – 400 058, Maharashtra, India |
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Date of Birth/Age : |
30.09.1961 |
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Date of Appointment : |
30.06.1996 |
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Name : |
Mrs. Gita Punj |
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Designation : |
Director |
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Address : |
10- Prithvi
Raj Road, New Delhi, NCT Of Delhi – 110 011, India |
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Date of Birth/Age : |
15.04.1948 |
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Date of Appointment : |
31.07.1990 |
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Name : |
Mrs. Gauri Talwar |
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Designation : |
Director |
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Address : |
10- Prithvi Raj
Road, New Delhi, NCT Of Delhi – 110 011, India |
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Date of Birth/Age : |
25.02.1972 |
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Date of Appointment : |
11.12.1991 |
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Name : |
Mr. Venkat Raman Mohan |
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Designation : |
Director |
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Address : |
Jay Ambey, 151/11 Garoda Nagar, Ghatkopar (East), Mumbai –
400 077, Maharashtra, India |
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Date of Birth/Age : |
06.05.1951 |
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Date of Appointment : |
07.08.1991 |
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Name : |
Mr. Gautam Punj |
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Designation : |
Director |
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Date of Birth/Age : |
08.01.1974 |
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Date of Appointment : |
18.04.2003 |
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Name : |
Mrs. Gayatri Punj |
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Designation : |
Director |
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Date of Birth/Age : |
06.06.1978 |
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Date of Appointment : |
19.04.2003 |
KEY EXECUTIVES
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Name : |
Mr. Brij Kumar Mehra |
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Designation : |
Company Secretary |
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Date of Birth/Age : |
04.07.1945 |
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Date of Appointment : |
01.04.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
|
Category |
Percentage |
|
Bodies Corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Ceramic Fibre Products, Rigid Polyurethane Foam Sandwich Panels, Rigid Polyurethane Foam Slaps, Pipe Sections, Pipe Supports and other products and Isothane Products. |
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Products : |
v Thermal Insulation v Lloyd Panel System v Lloyd Shelter v Roofing and Wall Cladding v Anti Corrosive Materials v Water Proofing v Lloyd Enclosures v Passive fire Protective System v Mechanical v Technical Surveys v Flase Ceiling and False Flooring |
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Imports : |
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Products : |
v Raw materials v Components and spare parts v Capital goods |
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Countries : |
Europe and Far East |
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Terms : |
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Purchasing : |
L/C, D/A and D/P |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
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Ceramic Fibre
Products |
MT |
2,500 |
2,500 |
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Rigid
Polyurethane Foam Sandwich Panels |
M2 |
374,500 |
374,500 |
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Rigid
Polyurethane Foam Slabs, Pipe Sections, Pipe Supports & other Products |
M3 |
12,000 |
12,000 |
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Prefabricated
buildings, doors of iron & steel |
Nos |
4,000 |
4,000 |
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Shape &
section of steel sheetings |
M2 |
2000,000 |
2000,000 |
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Insulated beams,
PVC strip curtain |
RMT |
5,300 |
5,300 |
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Insulated Panels
(Rockwool Composite) |
M2 |
150,000 |
150,000 |
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Isothane Products |
MT |
1,500 |
1,500 |
GENERAL
INFORMATION
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Customers : |
International Consulting Engineers / Process Licensors v MW Kellogg v Lurgi v Fluor Daniel v ABB Lummus v Bechtel v Du Pont v Stone and Webster v Toyo Engineering v Mitsui v Mitsubishi Heavy Industries v Kvaerner Corpn. v Chemtech v Daelim v Haldar Topsoe v Snam Progetti v Linde v L'Air Liquide v KTI v BF Goodrich v UOP v ICI v UHDE v Ansaldo SPA v FL Schmidt v Holtech v Humphrey's and Glasgow v Siemens v ABB Alstom v Babcock |
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No. of Employees : |
2000 |
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Bankers : |
v Punjab and Sind Bank Nehru Place, New Delhi – 110 019, Delhi, India v IDBI Bank Limited IFCI
Tower, 12th Floor, 61, Nehru Place, New Delhi – 110 019, India v ICICI Bank Limited v BNP Paribas v HDFC Bank v ABN-Amro |
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Banking Relations
: |
Good |
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Auditors : |
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v Suresh C. Mathur & Company Chartered Accountants Tel. No.:91-11-51501620, 23346733 E-Mail : scmca@del3.vsnl.net.in BRANCH AUDITORS v Suresh C. Mathur & Company Chartered Accountants v Mahesh C. Mathur & Company Chartered Accountants v K L Chatrath & Company Chartered Accountants v P Jayaraman & Company Chartered Accountants |
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Associates/Subsidiaries : |
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v Rockwell Industries, Bhilai, Madhya Pradesh v Punjstar Industries Private Limited v Punj Sons Private Limited v Rockwell India Limited v Lloyd Tar Products v Supercera Fibres v Thermon Heat Tracers Limited v Interarch Buildings Products v Chamion Industries Limited v Supertech (India) Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs. 100/-
each |
Rs. 30.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
30.000 |
30.000 |
30.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
993.419 |
760.255 |
641.827 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1023.419 |
790.255 |
671.827 |
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LOAN FUNDS |
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1] Secured Loans |
57.811 |
33.057 |
44.459 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
57.811 |
33.057 |
44.459 |
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DEFERRED TAX LIABILITIES |
8.128 |
8.322 |
11.027 |
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TOTAL |
1089.358 |
831.634 |
727.313 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
167.381 |
110.759 |
113.432 |
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Capital work-in-progress |
0.114 |
2.450 |
1.404 |
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INVESTMENT |
95.003 |
48.574 |
3.274 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
240.541
|
260.519 |
135.059 |
|
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Sundry Debtors |
1731.755
|
1143.424 |
581.760 |
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Cash & Bank Balances |
333.343
|
271.396 |
153.077 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
313.206
|
255.952 |
184.389 |
|
Total
Current Assets |
2618.845 |
1931.291
|
1515.881 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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Current Liabilities |
1756.886
|
1227.232 |
582.305 |
|
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Provisions |
35.099
|
34.208 |
0.000 |
|
Total
Current Liabilities |
1791.985 |
1261.440
|
906.678 |
|
|
Net Current Assets |
826.860 |
669.851
|
609.203 |
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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|
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TOTAL |
1089.358 |
831.634 |
727.313 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
5960.296 |
4583.327 |
0.000 |
|
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Other Income |
54.669 |
28.825 |
28.959 |
|
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Total Income |
6014.965 |
4612.152 |
28.959 |
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Earnings in Foreign Currency : |
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|
Export Earnings |
271.295 |
119.036 |
0.000 |
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Profit/(Loss) Before Tax |
441.786 |
238.682 |
(327.236) |
|
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Provision for Taxation |
156.420 |
86.328 |
65.260 |
|
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Profit/(Loss) After Tax |
285.366 |
152.354 |
(392.496) |
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Expenditures : |
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|
Raw Material consumed |
2424.251 |
1858.091 |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
171.297 |
140.744 |
126.325 |
|
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Managerial remuneration |
46.674 |
23.738 |
0.000 |
|
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Payment to Auditors |
0.648 |
0.632 |
0.521 |
|
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Interest |
10.837 |
10.620 |
0.000 |
|
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Insurance Expenses |
4.395 |
2.836 |
1.844 |
|
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Depreciation & Amortization |
27.972 |
19.198 |
21.753 |
|
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Other Expenditure |
2887.105 |
2317.611 |
155.956 |
|
Total Expenditure |
5573.179 |
4373.470 |
356.195 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
4.74 |
3.30
|
(1355.10) |
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|
Net Profit Margin (PBT/Sales) |
(%) |
7.41 |
5.21
|
0.00 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.86 |
11.69
|
(20.08) |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.30
|
0.48 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.81 |
1.64
|
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.53
|
1.67 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
Subject was originally incorporated in the year 1956 as a Partnership Concern at New Delhi in India. On 6th June, 1977, it was converted into a Private Limited Liability Company under the name and style of Lloyd Insulations (India) Private Limited having Company Registration Number 8629. Subsequently, it was converted into a Public Limited Liability Company.
Subject was established in 1956 as a contracting outfit to offer a single source multi discipline package covering a wide variety of specialised services, servicing a broad spectrum of industries. They had built reputation on solid professionalism, track record are a single source for supply and execution of jobs in all fields of operations. They are pioneers in the Indian market involved with continuous development of advanced insulation products and systems to set the standard in the industry.
Some of the industries served by the company are:
v Oil refineries and petrochemicals
v Power generation
v Fertiliser
v Cement
v Pharmaceuticals
v Onshore Oil & Gas
v Building & civil engineering
v Chemical processing
v Metallurgical industries
v Ceramics
v Electronics manufacturing
v Marine engineering
v Nuclear
v Food processing
v Sugar
v Transportation (Road tankers and Railway coaches)
v Military / Armed Forces
v Electronic & Telecommunication Industry
The company's fixed assets of important value include land, building, factory, furniture and fixtures, plant & machinery, office equipments, vehicles and electronics.
Form 8:
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
80000383 |
|
Corporate identity
number of the company |
U74210DL1977PLC008629 |
|
Name of the
company |
LLOYD INSULATIONS ( INDIA ) LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Punj House, M-13, Connaught Place, New Delhi – 110 001,
India |
|
Type of charge |
·
Immovable
property ·
Book Debts ·
Movable
Property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
Punjab and Sind
Bank Nehru Place, New
Delhi – 110 019, Delhi, India |
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation of
Goods to secure a demand Cash Credit, Agreement for Hypothecation of Book
Debts, Letter of Hypothecation for inland and foreign bills purchased advances
against bills for collection, Agreement for Hypothecation of Debts and
Assets, Form No. 84-A |
|
Date of
instrument Creating the charge |
14.02.2008 |
|
Amount secured by
the charge |
Rs.1700.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
shall be 12.50% per annum or at such other rates as may be specified by the
Bank from time to time. Terms of
repayment On Demand Margin As per Agreement Extent operation
of the charge Rs.1700.000
millions Others The above is to
secure Cash Credit Limit of Rs.40.000 millions, Bills discounting limit of
Rs.100.000 millions, LC of Rs.400.000 millions and BG limit of Rs.1160.000
millions aggregating to Rs.1700.000 millions. |
|
Short particulars
of the property charged |
First pari passu
charge on all present and future book debts, outstanding moneys, receivable
claims, Bills contracts, engagements, securities, investments rights, stocks
of raw material, semi finished and finished material and fixed assets
including plant and machinery and land building situated at Plot no. 102 and
103 Sector-3, Industrial Area, Pithampur Dhar, Indore, Madhya Pradesh |
|
Particulars of
the present modification |
Extent of operation
of charge over first pari passu charges on all current assets including
stocks and book debts and fixed assets, including plant and machinery and
land building situated at Plot No. 102 and 103, Sector-3, Induatrial Area,
Pithampur Dhar, Indore stands extended for WC Limit of Rs.1700.000 millions
I.E. Cash Credit Limit of Rs.40.000 millions bills discounting Limit of
Rs.100.000 millions, LC of Rs.400.000 millions and BG Limit of Rs.1160.000
millions other terms and conditions remain same. |
|
Name of the company |
LLOYD INSULATIONS ( INDIA ) LIMITED |
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Presented By |
Company and Punjab and Sind Bank |
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1) Date and description of instrument creating the change |
Letter ceding pasri
passu charge dated 17.02.2003 and registered on 12.03.2003 modified on
06.05.2004 registered on 01.06.2004 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 500.000
Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Companies stock located at various locations and book debts. Other current assets situated at PUP Plant, Supercera Plant, LPL Plant all at Plot No. 102 103, Phase – III, AKVN Industrial Area, Pithampur, Distt. Dhar (Madhya Pradesh) – 480 001 and regional offices at New Delhi, Mumbai, Calcutta and Chennai or elsewhere stored. All Book Debts of
the company Polyurethane
plant of the company ( land and building, Plant and machinery) Located at
Pithampur, Industrial Area, Dist. Dhar, MP Land and Building
, plant and machinery of ceramic fibre unit of the company at Pithampur Building and
plant and machinery of water proofing unit at Pithampur. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to
secure fund based limit of Rs. 40.000 Millions and non fund limit is Rs.
460.000 Millions on pari passu basis with IDBI Bank Limited without any
preference or priority of one over the other. |
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5) Name and Address and description of the person entitled to the charge. |
Punjab and Sind
Bank, Nehru Place Branch, New Delhi – 110 019 |
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6) Date and brief description of instrument modifying the charge |
08.11.2005,
Agreement for hypothecation of Book Debts and Assets |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Modification in
facility Rs. in Millions
|
WEBSITE DETAILS ATTACHED:
Lloyd Insulations was established in 1956 as a contracting outfit to offer a single source multi-discipline package covering a wide variety of specialised services, serving a broad spectrum of industries. They have built their reputation on solid professionalism, track record and are a single source for supply and execution of jobs in all our fields of operation. They are pioneers in the Indian market involved with continuous development of advanced insulation Products and systems to set the standard in the industry.
PROFILE
Subject was established in 1956 as a contracting outfit to offer a single source multi-discipline package covering a wide variety of specialised services, serving a broad spectrum of industries. They have built our reputation on solid professionalism, track record and are a single source for supply and execution of jobs in all our fields of operation. They are pioneers in the Indian market involved with continuous development of advanced insulation Products and systems to set the standard in the industry.
This has enabled them to keep in step with upgraded products and engineering techniques to match contemporary global standards. They have network of Regional and Zonal offices across India with manufacturing units located in Central India for optimum logistics, easier project management essential for customer satisfaction and maintain high business standards. They pioneered manufacturing of mineral wool forty years ago and then on to ceramic fiber products in all forms, cryogenic grade Polyurethane foam insulation systems, Sandwich panels for cold storage and prefab buildings, membrane type waterproofing system etc. As a leading Indian company in the global market, they have kept abreast with the latest insulation trends worldwide.
With the competitive edge engined by employees with over 40
years of experience in the respective fields, Lloyd Insulations keeps all
important issues at the core while extending quality products and services to
its clients:
v High priority to safety, innovation, improvement and cost consciousness
v Declared commitment to environmental issues
v First insulation company in India and one of the very few construction companies in South East Asia to be ISO accredited
v Support extended to various Government Trade / Industry associations on energy conservation by carrying out Energy Audits at running plants
v Capabilities to design a system, erect with in house and outside materials right up to commissioning with Guaranteed Performance
They have a sound financial base with a turnover of more than 2 billions in Indian currency and are capable to handle projects of any size with speedy mobilization.
Products
Subject has an exhaustive product list covering every insulation and allied requirements of the customers from cryogenic to furnace temperatures. It has a well developed wide selection of sources for all thermal insulating materials, while being manufacturer of bulk of materials inhouse.
With an unflinching commitment to quality in its products and services, Lloyd has become a name to recon with - nationally and internationally.
v Thermal Insulation
v
Passive Fire Protective System
v
False Ceiling & False Flooring
HAPPENINGS:
Completed Specialised Refractory (Vibrocast, Anti-Abrastive and Stainless steel Fibre reinforced gumiting lining) work for the largest FCC Reactor/Regenerator (R&R) package in the world at Reliance Refinery, Jamnagar.
- Complete single order for 70,000 m2 of metallic roofing at
Mahindra Ford factory,Manimalai Nagar.irst
- First and only insulation company in India to be accredited with ISO-9002 certification.
- Serving the nation by building pre-insulated shelters at high altitudes of Leh & other Himalayan sites for the defence sector.
- Erected the first 6000 tons capacity modern potato cold storage of height 18 mtrs. at Indore with pre-fabricated polyurethane sandwich panels.
- Completed insulation of 2 x 145 MW gas turbine of National Thermal Power Corp. (NTPC), Combined Cycle
Power Plant at Faridabad (Near-Delhi).
- Completed insulation of 6 mtpa refinery at Panipat. Completed insulation of 1350 tpd ammonia, 2250 tpd urea plant of Chambal Fertilizers at Gadepan (Near Kota).
- Completed overdeck insulation and waterproofing of Mints at Salboni & Mysore for Reserve Bank Of India Ltd. -area involving 70,000 M2.
- Designing, engineering & installation of the fire fighting facilities involving - high capacity fire water pumps, long range specialized water / foam monitors, jumbo water curtains, gas detection systems, remote control systems & cement linings for LPG Jetty at Vizag outer harbour.
- Completed thermal insulation & fire proofing of 9 nos. ethylene horton spheres at GAIL plant of approximate area 900 M2 each.
- Completed insulated metallic wall cladding (5000M2) work at NTPC combined cycle project at Faridabad (Near Delhi).
- Completed insulation for cryogenic temperatures at (-)105 deg.C for ethylene tank / cross country piping installations at IPCL Dahej and Reliance Industries Ltd., Hazira.
- Completed roof insulation & water proofing works at
ITC Sunrise project, Banglore involving 69000 M2 area.
- Completed insulation of butane line 4.5 kms. from Haldia Port to Haldia
Petrochemicals with polturethane foam insulation.
- Laid cross country Naptha pipeline of 21 kms. from IOCL Ernakulam terminal to
Fact Udyogmandal at Tamilnadu passing below railway line & through marshy
land.
- Recently bagged the single largest order in the country for supplying and installing pre-fabricated insulated enclosures (1381 nos.) from Tata Lucent Technologies Ltd. for developing MTNL's telecom network all over the country.
ACCOMPLISHMENT
Their experts serve on the various committees of Bureau of Indian Standards (BIS) and International Standard Organisation (ISO).
- They are the first and only thermal insulation company among the very few contracting organisations in India to be accredited with ISO - 9002 certification.
- They are the initiators of Indian standards on thermal insulation and its applications.
- They serve as visiting faculty at various seminars, institutions like CII, PHDCCI, CBRI, All India Radio, Central Public Works Department, Engineers India Ltd., National Thermal Power Corporation, National Association of Corrosion Engineers etc.
Completed thermal insulation of all DHDS units at nine refineries spread all over the country simultaneously (involving total area of more than 7,20,000 M2).
- Completed insulation works at various petrochemical units of Reliance, Indian Petrochemicals, Gas Authority Of India at Hazira, Dahej, Gandhar, Guna and Patna.
- Supplied and erected a laboratory and a clinic building
with insulated panels at Antarctica for the Indian Mission.
- Erected first modern potato cold storage of height 18 mts. at Indore with
prefabricated polyurethane panels.
Completed thermal insulation works of super thermal power stations ; each of 500 MW units for the National Thermal Power Corporation (NTPC) - Vindhyachal, Rihand and Farakka.
- Executed thermal insulation works for cryogenic temperatures of ethylene / propylene tanks and cross country pipeline systems.
- Designed and implemented structural fire proofing works of ethylene / propylene spheres including allied works conforming to UL - standards.
- Designed, supplied and installed passive fire protection systems for electrical and instrumentation cables in more than 250 power generating units and core industries.
- Executed roof insulation and water proofing jobs for thousands of SQM areas on commercial and industrial buildings with single largest order involving 69000 M2.
- Completed thermal insulation works for over 50 cement
plants each of capacity one million tonnes per annum.
- Completed metallic wall cladding works at 8 nos. power plants all over the
country - involving total area of 80,000 M2.
- Pioneers in prefabricated buildings in India.
- Designed, supplied and handled pipe laying, heat tracing and thermal insulation work of cross country fuel oil pipe line.
- Executed thermal insulation works at over 20 giant fertilizer plants.
- Revolutionised the telecom industry by introducing
pre-fabricated insulated roof top enclosures for building its network.
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.42.78 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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. |
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 |
|