MIRA
INFORM REPORT
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Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
UHDE INDIA LIMITED |
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Registered Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra |
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Country : |
India |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
23.12.1977 |
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Com. Reg. No.: |
11-20041 |
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CIN No.: [Company
Identification No.] |
U74200MH1977PTC020041 |
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Legal Form : |
A closely held Public Limited Liability Company |
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Line of Business : |
Subject is engaged in as Engineering and Consultancy |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 2600000 |
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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 leading and reputed engineering company and a subsidiary
of Udhe, Germany. Available information indicates high financial
responsibility of the company. Fundamentals are strong and healthy. The company is doing very well. It can be considered good for any normal business dealings. |
LOCATIONS
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Registered Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India |
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Tel. No.: |
91-22-25968000 / 25968551 / 267968581 |
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Fax No.: |
91-22-25784327 / 25780210 |
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E-Mail : |
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Website : |
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Head Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India |
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Tel. No.: |
91-22-25968000/25968551 |
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Fax No.: |
91-22-25784327 |
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E-Mail : |
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Corporate Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India |
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Tel. No.: |
91-22-25968000/25968551 |
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Fax No.: |
91-22-25784327 |
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E-Mail : |
DIRECTORS
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Name : |
Dr. Wolfgang Essig |
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Designation : |
Director |
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Address : |
Schulstrasse 37, 44287, Dortmund , Federal Republic of Germany |
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Date of Birth/Age : |
12.12.1945 |
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Date of Appointment : |
01.01.2000 |
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Name : |
Dr. Michael Thieman |
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Designation : |
Director |
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Address : |
Flat No. 409/410, Samudra Mahal Premises CHS Limited, Dr. A B Road, Worli , Mumbai – 400 018, Maharashtra, India |
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Date of Birth/Age : |
25.05.1946 |
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Date of Appointment : |
15.08.1993 |
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Name : |
Mr. K. Schneiders |
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Designation : |
Director |
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Address : |
Parkstr 15 D – 59425 Unna, Federal Republic of Germany |
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Date of Birth/Age : |
22.05.1941 |
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Date of Appointment : |
02.03.1998 |
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Name : |
Mr. H. Stippel |
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Designation : |
Director |
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Address : |
West Brink 16, 44319, Dortmund, Federal Republic of Germany |
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Date of Birth/Age : |
08.01.1941 |
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Date of Appointment : |
15.08.2001 |
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Name : |
Mr. D. N. Damania |
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Designation : |
Director |
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Address : |
11 Ahmed Abbas Road, Pune – 411 001, Maharashtra, India |
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Date of Birth/Age : |
02.12.1936 |
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Date of Appointment : |
07.06.1996 |
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Name : |
Mr. J. Schoenewolf |
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Designation : |
Director |
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Name : |
Mr. J. R. Shah |
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Designation : |
Director |
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Address : |
20 CCI Chambers, Dinshaw Wachha Road, Mumbai – 400 020, Maharashtra, India |
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Date of Birth/Age : |
16.02.1925 |
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Date of Appointment : |
23.12.1977 |
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Name : |
Mr. K. T. Thampi |
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Designation : |
Director |
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Address : |
203 Building No. 13, Indradarshan, Oshiwara, Andheri (West), Mumbai – 400 054, Maharashtra, India |
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Date of Birth/Age : |
15.08.1927 |
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Date of Appointment : |
01.01.1978 |
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Name : |
Dr. Iddya Dayasagar |
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Designation : |
Director |
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Address : |
B 401, Daffodil, Hiranandanmi Gardens, Powai , Mumbai – 400 076, Maharashtra, India |
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Date of Birth/Age : |
09.05.1949 |
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Date of Appointment : |
01.071998 |
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Name : |
Mr. S. K. Roy |
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Designation : |
Director |
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Address : |
B 13, Queens Park, 711 Juhu Road, Santacruz (West), Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
10.05.1941 |
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Date of Appointment : |
01.07.1998 |
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Name : |
Mr. P. D. Sumudra |
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Designation : |
Director |
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Address : |
2nd Floor, Flat 3, 110 Shanti Kunj, Dr. MB Raut Road, Shivaji Park, Mumbai – 400 018, Maharashtra , India |
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Date of Birth/Age : |
05.07.1951 |
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Date of Appointment : |
01.07.1998 |
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Name : |
Mr. Bansi Mehta |
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Designation : |
Director |
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Name : |
Mr. Raghavan Sethuraman |
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Designation : |
Director |
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Address : |
10/25, Saraswat Colony, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
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Date of Appointment : |
01.07.2003 |
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Name : |
Mr. Radhakrishna Prabhu |
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Designation : |
Director |
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Address : |
401/6 Ajangiri, Siddachal Apartment, Phase II, 2nd Pokhran Road, Thane – 400 601, Maharashtra, India |
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Date of Birth/Age : |
03.08.1960 |
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Date of Appointment : |
08.03.2002 |
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Name : |
Mr. T. K. Vijayan |
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Designation : |
Director |
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Address : |
B 406, Sunrise Raheja Vihar, Powai, Mumbai – 400 072, Maharashtra, India |
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Date of Birth/Age : |
10.06.1950 |
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Date of Appointment : |
01.07.1998 |
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Name : |
Mr. S. N. Talwar |
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Designation : |
Director |
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Address : |
10 Shivshanti Bhuvan 146 MK Road, Churchgate Reclamation , Mumbai – 400 020, Maharashtra, India |
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Date of Birth/Age : |
21.11.1937 |
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Date of Appointment : |
06.12.2002 |
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Name : |
Mr. R. A. Shah |
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Designation : |
Director |
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Address : |
Panorama 2nd Floor, 203 Walkeshwar Road, Teenbatti, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
07.07.1931 |
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Date of Appointment : |
06.12.2003 |
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Name : |
Mr. B S Mehta |
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Designation : |
Director |
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Address : |
37, Maheshwari Mansion, 34 Napean Sea Road, Mumbai – 400 036, Maharashtra, India |
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Date of Birth/Age : |
19.09.1935 |
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Date of Appointment : |
21.02.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders (as on 31.03.2007) |
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No. of Shares |
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UHDE GMBH |
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2368000 |
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United Breweries Limited |
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256000 |
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Mrs. Anila Shah |
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64000 |
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Mr. Jayant Shah |
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76800 |
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Mrs. Urmila Jayant Shah |
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76800 |
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Mr. Ranjit Jayant Shah |
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76800 |
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Mrs. Mona Shah |
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25600 |
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Total
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2944000 |
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Equity Share Break Up (as on 31.03.2007) |
Percentage |
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Foreign holdings (Foreign
institutional investors ) foreign companies foreign financial institutions ,
non residents or Overseas corporate bodies or others |
80.00% |
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Bodies Corporate |
9.00% |
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Directors or relative of directors |
11.00% |
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Total |
100.00% |
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BUSINESS DETAILS
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Line of Business : |
Subject is engaged in as Engineering and Consultancy |
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Products : |
· Nitric Acid · Ammonia · Ammonium Nitrate · Ammonium Nitrophosphate & CAN · Urea · DAP/NPK · Phosphoric Acid · VCM · Styrene Monomer · PVC · Polystyrene · HDPE · Polypropylene · Polyols · Ethylene Oxide · Ethylene Glycol · Ethyl Benzene · Propylene Oxide · VAM · LAB · Adipic Acid · Formaldehyde · Caustic Soda · Chlorine · Caustic Potash · Membrane Cells Electrolysis Plants · Chlorine Director-Oxide · Spray Dried Silica · Bleaching Powder · Hydrogen Peroxide · Poly Aluminium Chloride · Zinc Smelting |
GENERAL
INFORMATION
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Bankers : |
· Deutsche Bank · Union Bank of India · State Bank of India · Punjab National Bank |
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Banking
Relations : |
Good |
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Auditors : |
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Name 1 : |
Dalal Desai & Kumana Chartered Accountants |
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Address : |
Mumbai, Maharashtra |
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Name 2 : |
Price Waterhouse Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivahi Park, Dadar, Mumbai – 400 028, Maharashtra, India |
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Holding Company: |
UHDE GMBH |
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Parent Company : |
Krupp Uhde GmbH, Germany |
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Associates/Subsidiaries : |
· Krupp Engineering Private Limited, South Africa · EBG India Private Limited · Thyssen Mannesmann Handel GmbH · Thyssenkrupp Industries Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2944000 |
Equity Shares |
Rs. 10/-
each |
Rs.29.440
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
30.09.2007 |
30.09.2006 |
30.09.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
29.440 |
29.440 |
29.440 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
606.783 |
555.567 |
460.875 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
636.223 |
585.007 |
490.315 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
9.625 |
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TOTAL |
636.223 |
585.007 |
499.940 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
319.260 |
313.312 |
311.850 |
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Capital work-in-progress |
8.078 |
2.780 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
29.798 |
5.124 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
25.716
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211.796 |
205.667 |
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Sundry Debtors |
411.099
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239.360 |
528.778 |
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Cash & Bank Balances |
952.856
|
598.275 |
468.027 |
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Other Current Assets |
71.361
|
56.623 |
28.414 |
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Loans & Advances |
711.695
|
812.766 |
486.794 |
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Total
Current Assets |
2172.727
|
1918.820 |
1717.680 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1371.016
|
1268.562 |
1232.280 |
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Provisions |
522.624
|
386.467 |
297.310 |
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Total
Current Liabilities |
1893.640
|
1655.029 |
1529.590 |
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Net Current Assets |
279.087
|
263.791 |
188.090 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
636.223 |
585.007 |
499.940 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
30.09.2007 |
30.09.2006 |
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Sales Turnover |
|
2911.412 |
2137.968 |
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Other Income |
|
0.000 |
0.000 |
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Total Income |
|
2911.412 |
2137.968 |
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Profit/(Loss) Before Tax |
|
167.827 |
236.818 |
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Provision for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss) After Tax |
|
167.827 |
236.818 |
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Expenditures : |
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Interest |
|
0.156 |
1.336 |
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Depreciation & Amortization |
|
77.444 |
68.236 |
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Other Expenditure |
|
2665.985 |
1831.578 |
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Total Expenditure |
|
2743.585 |
1901.150 |
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KEY RATIOS
|
PARTICULARS |
|
30.09.2007 |
30.09.2006 |
30.09.2005 |
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PAT / Total Income |
(%) |
5.76
|
11.07 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
5.76
|
11.07 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.63
|
10.57 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.40 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.98
|
2.83 |
3.11 |
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Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.16 |
1.12 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
From a construction office in 1965, to a Branch office of parent company Uhde GmbH, Germany in 1970, to an Indian Public Limited Company in 1977, the company has come a long way in being recognised as a major EPC company in India and abroad.
BUSINESS
Subject is engaged in as Engineering and Consultancy (Chemical and Industrial Plant Construction.)
Subject is a dynamic and progressive Indian Engineering company committed to providing the entire range of engineering services involved in the design, construction and commissioning of plants for the chemical, petrochemical, Fertiliser, Refinery and Pharmaceutical Industries in Indian and abroad.
The company's 300 contracts, unique working concepts, ISO 9001 accreditation and access to internationally renowned Licensors and Contractors, make them the ideal engineering solutions partner for a wide spectrum of services convering a variety of industries.
It is in trade terms
with :-
· Eby Industries
· Flameproof Equipments Private Limited
· Greecy Engineering Private Limited
· Goa Thermostatic Instruments Private Limited
· Indoflon Polymers
· Kinam Engineering Industries
· Madras Industrial Products
· Polycab Wires Private Limited
· Precision Industries
· Seni Fasteners
· Shree Ram Brothers
· Triveni Equipment Private Limited
The company provides
following services:-
· Project Identification
· Technology Evaluation/Tie up
· Site Selection
· Site Developemnt
· Pre-Feasibility Study
· Detailed Feasibility Report
· Project Financing Assistance
· Basic Engineering
· Extended Basic Engineering
· Detailed Engineering
· Project Management and Planning
· Procurement
· Inspection/Expediting
· Construction Management
· Commissioning Assistance
The company’s fixed assets of important value includes
· Land,
· Office Building,
· Residential Flats,
· Air Conditioners,
· Furnitures,
· Office Equipment,
· Computer And
· Vehicles.
WEBSITE DETAILS:
Company Profile
From a construction office in 1965, to a Branch office of parent company UHDE GmbH, Germany in 1970, to an Indian Public Limited Company in 1977, the company has come a long way in being recognised as a major EPC company in India and abroad.
In keeping with the desire to be known as the best EPC company with :-
· Value added technical expertise
· Innovative engineering solutions
· Quality-certified systems and standards
· Safety and environmental considerations
· Client-conscious approach
· Commitment to cost and time schedules
UHDE GmbH belongs to the ThyssenKrupp Technologies Group, Germany. Its’ international network extends to all continents.
A premier Indian EPC Contractor, they operate as a project-driven company for EPCM Services in India and abroad. The solutions extends to LSTK contracts in India and abroad. Their philospophy is enshrined in missions statements and borne out by technical expertise, ethical standards and commitments to clients and business associations.
History and Landmarks
1961 - 1970
1964 : High Density Polyethylene plant commissioned by Uhde for Polyolefins
Industries (PIL) in Mumbai, India. Project marks Uhde’s foray into
Petrochemicals in India.
1965 : Uhde GmbH commences Site Office operations in
Mumbai.
1970 : Branch Office Friedrich Uhde GmbH is
constituted. Full-fledged engineering activities commence.
1971 - 1980
1972 : Order received from Rashtriya Chemicals and
Fertilisers (RCF) for India’s first Ammonia Terminal to be built at Trombay.
Project is first in a long list of Cryogenic installations by Uhde India, all
over India and abroad.
1977 : Branch Office is given domestic company status.
Uhde India Limited is incorporated as a formal Indian company.
Dr.Hans Uhde is the company’s first Chairman, and Mr.R.G.Erath, the first
Managing Director.
1979 : Uhde India’s first overseas assignment for a
Nitric Acid plant in Greece (Uhde GmbH sub-contract).
1981 - 1990
1981 : Dr.G.Wurzbacher takes over from Mr.R.G.Erath as
Uhde India’s second Managing Director.
1983 : Uhde India receives order for Chloromethanes
complex for Gujarat Alkalies and Chemicals (GACL) in Baroda, India.
Uhde India acquires its own modern and well-equipped premises in Vikhroli in
Central Mumbai.
1984 : Tamilnadu Petroproducts (TPL) selects Uhde
India for their 50,000 TPA Linear Alkyl Benzene plant at Chennai, India. (Plant
was commissioned 4 months ahead of schedule).
1985 : (Late) Mr.F.Duemmler takes over from
Dr.G.Wurzbacher as Uhde India’s 3rd Managing Director.
1986 : Gujarat Narmada Valley Fertiliser selects Uhde
India for their Fertiliser complex (WNA / CAN) at Bharuch, India.
1987 : Uhde India undertakes conversion of Gujarat
Alkalies and Chemicals’ (GACL) Mercury cell plant to Membrane Cell. Project
constitutes benchmark for Caustic Soda-Chlorine plants in India.
Gujarat State Fertiliser Co. awards Uhde India contract for their 50,000 TPA
Caprolactam project at Baroda, India.
1991 - 2000
1992 : Uhde India selected to provide Engineering Services
for Abu Qir’s Nitric Acid complex at Egypt (Uhde GmbH sub-contract).
Uhde India awarded contract to build India’s largest Caustic Soda-Chlorine
plant for Indian Petrochemicals Ltd. (IPCL) at their Gandhar complex in Baroda,
India.
1994 : New Office Building inaugurated at Vikhroli,
Mumbai, India.
Uhde India receives ISO : 9001 quality system certification.
Uhde India selected to render Engineering Services for Qatar Ammonia Fertiliser
Co.’s (QAFCO) Ammonia-Urea complex in Qatar (Uhde GmbH sub-contract).
1995 : Plant design undertaken using 3D design tools
like PDMS and CAD.
1996 : Uhde merges with Krupp Koppers; becomes part of
Krupp Group.
Indian Petrochemicals Ltd.(IPCL) entrust Uhde India with their High Density
Polyethylene (HDPE) plant at Dahej, India.
1997 : Uhde India opens office in Pune.
Ethyl Benzene – Styrene Monomer plant to be built for P.T.Styrindo Mono In
Indonesia (Mitsubishi Heavy Industries’ sub-contract).
Uhde India to render Engineering Services for Enaex’s Ammonia-Urea complex in
Chile (Uhde GmbH sub-contract).
1998 : Uhde India reorganized into functional centers.
P.D.Samudra (Executive Director – Sales), S.K.Roy (Executive Director –
Implementation), Dr.I.Dayasagar (Executive Director – Implementation) and
T.K.Vijayan (Executive Director – Commercial) join Vice-Chairman and Managing
Director Dr.M.Thiemann on Uhde India’s Executive Board.
Uhde India to render Engineering Services for Benzene-Toluene refinery unit of
BASF, Belgium (Uhde GmbH sub-contract).
Coromandel Fertilisers entrust Uhde India with NPK Fertiliser plant at
Visakhapatnam, India.
Indo German Chamber of Commerce fetes Uhde India for outstanding contribution
in the field of exports.
1999 : Krupp Engineering’s International Engineering
Conference is hosted by Uhde India.
Uhde India receives LSTK-basis contract for Gujarat State Fertilisers’
Di-Ammonium Phosphate complex at Sikka, India.
Madaus Pharmaceuticals’ Agiolax formulation facility is commissioned at Goa,
India.
Global merger of Krupp with Thyssen.
2000 : Uhde India sets up Technical Training Centre.
Reiterates commitment to new millennium with definitive LSTK thrust.
Uhde India to render Detailed Engineering Services for Sasol’s Detergent Alcohol
and n-Butanol plants in South Africa (ThyssenKrupp Engineering Pty., South
Africa sub-contract).
2001 onwards
2001 : Launch of website www.uhdeindia.com.
2002 : Uhde India celebrates 25 years of
incorporation. 5th decade of service to the Chemical and allied industries in
India and abroad.
Commissioning of Gujarat State Fertilisers’ Di-Ammonium Phosphate Complex at
Sikka, India.
Asean Bintulu Fertilisers entrust Uhde India with the revamp of their
Ammonia-Urea Fertiliser complex at Malaysia.
2003 : Rashtriya Chemicals and Fertilisers entrusts
Uhde India with the Technology upgradation of their Weak Nitric Acid plant in
Mumbai, originally built by Uhde.
Uhde India to offer Engineering support to Uhde GmbH for SAFCO’s Ammonia-Urea
Complex in Saudi Arabia. It will be the world’s largest Ammonia-Urea Complex.
Uhde India’s unique LAB experience is vindicated with SNC - Lavalin of Canada
entrusting Uhde India with Gulf Farabi’s n-Paraffin / Linear Alkyl Benzene
plant to be built in Saudi Arabia.
Mr.R.Sethuraman appointed to Executive Board as Executive Director -
Implementation. Mr.S.K.Roy retires.
Indian Oil Corporation appoints Uhde India as Project Management Consultant for
their Motor Spirit Quality Upgradation Project for their Gujarat Refinery at
Baroda, India.
Integrated Services W.L.L. entrusts Uhde India with KNPC’s Refinery projects at
Kuwait (Enhancement of local Marketing Distribution Scheme and Implementation
of HAZOP studies).
Uhde India to offer Engineering and PMC Services for Hindustan Zinc’s 170,000
TPA Zinc Smelter at Chanderiya in Rajasthan, India, in addition to Basic
Engineering for Offsites and Utilities.
2004 : Uhde
India commissioned to build Kanoria Chemicals and Industries’ 110 tpd Caustic
Soda-Chlorine plant at Renukoot, India on LSTK basis.
Saudi Arabia Fertiliser Co. awards LSTK contract for Urea Formaldehyde
Concentrate project to Uhde India, based on excellent performance on
Ammonia-Urea Complex, earlier.
Uhde India launches its Knowledge Management initiative.
2005 : Uhde India organizes Caustic Soda-Chlorine Technology Symposium at
Mumbai along with Uhde GmbH. Major Clients attend, event successful. Uhde India
accounts for more than 70% of the installed capacity of Membrane Cells in
India.
Federation of Indian Export Organisations confers Niryat Shree Award on Uhde
India for excellence in exports of engineering and related construction
activities (for 2002-03). Award is received at the hands of Mr.Kamal Nath,
Union Minister for Industry at Delhi, India.
2006 : Uhde
India's contribution to engineering exports commended by Engineering Export
Promotion Council (EEPC). Awarded Top Exporter Award - Western Region for
exports 2003-04.
Utkal Alumina awards Uhde
India contract for greenfield Alumina project in Rayagada, Orissa
Deepak Fertilisers
and Petrochemicals Limited awards Uhde India prestigious projects for Nitric
Acid plant relocation, Prilled Ammonium Nitrate and Offsites and Utilities at
Paradeep and a 15,000 MT Ammonia Storage Tank on LSTK basis at JNPT, Mumbai.
Uhde India
re-launches website.
Kanoria Chemicals
awards Uhde India EPCM-Services contract for expanding Caustic Soda facilities
at Renukoot, U.P.
Mr.S.Rudra is
appointed to Board of Uhde India as Executive Director - Pune Operations with
effect from October 1, 2006.
ThyssenKrupp Group
reorganised. Automotive segment merged with Technologies segment.
Indian Oil
Corporation Limited (IOCL) awards Uhde India EPCM Services contract for 300,000
TPA High Density
Polyethylene plant at
their Panipat Naphtha Cracker Complex.
Uhde India receives
Silver Trophy from FIEO for outstanding exports in 2003-04 in the category of
Construction and related Engineering activities.
Uhde India is
selected by Nirma Limited to render EPCM Services with Lumpsum Proprietary
Supplies for their 240 tpd Caustic Soda plant at Bhavnagar.
Travancore Cochin Chemicals' (TCC) Phase II 25
tpd plant in Kerala inaugurated.
2007:
Sree Rayalaseema
Alkalies and Allied Chemicals’ 75 tpd Caustic Soda plant at Kurnool, Andhra
Pradesh commissioned
Dr. M.Thiemann,
Vice-Chairman and MD selected as Business Leader of the Year (Engineering
Services) by Chemtech Foundation
Uhde India selected by
Andhra Sugars Limited to further expand their Caustic Soda facilities at Andhra
Pradesh by 50 tpd to 400 tpd.
Uhde India receives
contract for Basic Engineering cum Cost Estimation project for reduction in
ammonia emissions from Urea Granulation unit from Saudi Arabian Basic
Industries Company (SABIC) in Saudi Arabia.
Uhde India to render
Detailed Engineering support to Uhde GmbH for Egyptian Propylene-Polypropylene
Company’s Propylene / Polypropylene project in Egypt.
Uhde India
commissions Rajashree Polyfils’ 14,400 TPA Polyamide plant at Bharuch
UIL receives order
from IOCL for Project Management Consultancy Services on 350,000 TPA LLDPE/HDPE
Swing Unit at Naphtha Cracker Complex at their Panipat Refinery…
UIL to render
Detailed Engineering Services and Commissioning Supervision services for Andhra
Sugars’ 28,700 TPA Polyaluminium Chloride plant in Saggonda, Andhra Pradesh..
Dr.M.Thiemann,
Vice-Chairman and MD at UIL, elevated as Member of the Executive Board of Uhde
GmbH w.e.f.01.06.2007.
UIL to build 11tpd
plant for West Coast Paper Mills at Dandeli on LSTK basis…
ThyssenKrupp
Electrical Steel Hydrogen-Nitrogen plant in Nashik inaugurated…
Indo German Chamber
of Commerce confers on UIL award for outstanding contributions to the promotion
of Indo German economic relations for 2007
IOCL selects UIL to
render EPCM Services for their VGO-HDT, ATF and FCC LPG Merox and associated
facilities for residue upgradation and Motor Spirit / HSD quality improvement
at their Gujarat Refinery in Baroda…
Uhde GmbH selects UIL
to perform Detailed Engineering for the process plants of their Ammonia-Urea
project being executed by them for SORFERT in Algeria.
UIL successfully commissions 283 tpd Caustic Soda expansion project for
DCW Ltd at Tamilnadu.
2008:
UIL to receive Silver
Shield for outstanding exports in Engineering Category from Engineering Export
Promotion Council for the year 2005-06.
UIL selected by GNFC
to expand their Weak Nitric Acid complex at Bharuch with 300 tpd plant on LSTK
basis…
Bihar Caustic and
Chemicals selects UIL to expand Caustic Soda facilities at Rahela, Jharkhand…
Rothe Erde large
diameter bearings / gear facilities engineered by Uhde India inaugurated…
Uhde India Limited becomes Uhde India Private Limited (effective May 1,
2008)
COMPETENCE
The vast experience they have garnered across their core competencies speak for their credentials as a first-class provider of EPC-LSTK / EPCM solutions. Their 400 plus contracts covering various sectors, access to leading process technology licensors, association with group companies who are also leaders in their fields, concept to commissioning approach, quality-certified systems and ability to implement mega-size as well as medium and small range projects concurrently, including revamps and re-starts, are amongst the factors that distinguish us as a versatile engineering contractor.
Their ability to offer Basic Engineering services for certain processes alongside the other mainstream EPC-LSTK / EPCM services and their ability to work with Basic Engineering Packages of different licensors and familiarity with various International Codes and Standards is a reflection of their flexibility and versatility.
Their projects are executed by trained specialists with their trademark attention to detail and quality using state-of-the-art design tools and softwares. Consequently their plants stand out for their durability, high yield, energy efficiency and environment-friendly considerations.
press clippings
28.07.2004
Uhde India to Construct Caustic Soda Plant for Kanoria Chemicals
Subject has been commissioned by Kanoria Chemicals and Industries Limited to construct their new standalone 110 tpd Membrane Cell-based Caustic Sodas/Chlorine plant at their existing complex at Renukoot in Uttar Pradesh, India.
The plant which will produce, Caustic Lye, Caustic Flakes, Liquid Chlorine and HCL is to be completed on a ‘fast-track’ basis. The plant will utilise Uhde’s state-of-the-art, well proven and environment-friendly Membrane Cell Technology.
At the recently concluded Agreement signing ceremony in Mumbai, Mr. R. V. Kanoria Chairman and Managing Director of KCIL, expressed happiness at renewing his organisation’s association with subject and hoped this would mark the beginning of a new chapter of cooperation and mutual growth. (Subject’s association with KCIL dates back to the late eighties with implementation of plants for Formaldehyde)
For subject, KCIL’s order comes in the wake of a number of recently-awarded Caustic Soda/Chlorine Orders, including those for Travancore Cochin Chemicals, Sree Rayalaseema Alkalies and Allied Chemicals, Chemplast Sanmar, Andhra Sugars and IPCL to name a few within the country, where it accounts for over 60% of the installed capacities of Caustic Sode/Chlorine Plants.
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 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.42.64 |
|
UK Pound |
1 |
Rs.83.00 |
|
Euro |
1 |
Rs.66.00 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
72 |
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 |
|